Lorie Kessler Quotations

We don't have a definitive number of job losses or the timing of those losses.

We recognize that some process improvements will result in some workforce reductions. We will communicate openly and honestly when the process is finalized.

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.

It would be unreasonable to conclude this will be a permanent change. That balance is going to continue to fluctuate.

Other changes have impacted our bottom line negatively.

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.