DETROIT EDISON CO
8-K, 2000-12-07
ELECTRIC SERVICES
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 5, 2000
         
Commission Exact Name of Registrant I.R.S. Employer
File Number as Specified in its Charter Identification No.



 

1-11607 DTE Energy Company
(a Michigan corporation)
2000 2nd Avenue
Detroit, Michigan 48226-1279
313-235-4000
38-3217752

 

1-2198 The Detroit Edison Company
(a Michigan corporation)
2000 2nd Avenue
Detroit, Michigan 48226-1279
313-235-8000
38-0478650


Item 5. Other Events.

On December 5, 2000 The Detroit Edison Company and its wholly-owned subsidiary, International Transmission Company (ITC), entered into a stock subscription agreement. This agreement provides that on January 1, 2001 Detroit Edison will transfer its transmission assets (net book value of approximately $400 million) to ITC in exchange for 59,999 shares of ITC stock.

At the time of the asset transfer, ITC will assume responsibility for Detroit Edison’s transmission business.

Detroit Edison is the principal operating subsidiary of DTE Energy Company.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this report to be signed on their behalf by the undersigned, hereunto duly authorized.

 
DTE ENERGY COMPANY
(Registrant)
 
By: /s/ N. A. Khouri

N. A. Khouri
Assistant Treasurer
 
THE DETROIT EDISON COMPANY
(Registrant)
 
By: /s/ Daniel G. Brudzynski

Daniel G. Brudzynski
Assistant Vice President and Controller

Date: December 7, 2000

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