“We welcome the opportunity to provide the commission with additional information to better understand the current financial impacts affecting Detroit Edison. We're implementing the performance excellence process to minimize the need for future rate increases, meet future electric capacity needs in Michigan.”
“The bottom line is that, when you start taking a look at the accounting differences, it comes down to we're about $117 million higher than Consumers and about two-thirds of that can be attributable to health care and pension benefits.”
“We recognize that some process improvements will result in some workforce reductions. We will communicate openly and honestly when the process is finalized.”