Lorie Kessler
Lorie Kessler
accounting bottom care consumers health higher line million pension start taking
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.
additional affecting capacity commission current detroit electric excellence financial future impacts information meet minimize needs opportunity performance process provide rate understand welcome
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.
balance conclude continue permanent
It would be unreasonable to conclude this will be a permanent change. That balance is going to continue to fluctuate.
bottom changes line
Other changes have impacted our bottom line negatively.
definitive job losses number timing
We don't have a definitive number of job losses or the timing of those losses.
honestly openly process recognize result workforce
We recognize that some process improvements will result in some workforce reductions. We will communicate openly and honestly when the process is finalized.