MichCon Pipeline Co. Sells Natural Gas Gathering and Treating Assets

DETROIT, Nov. 24  /PRNewswire-FirstCall/ -- MichCon Pipeline Co., a subsidiary of DTE Energy, today announced it has completed its sale of natural gas gathering and treating assets to DCP Midstream Partners LP.

The assets are in northern Michigan and provide gas gathering and treating services for gas produced in the Antrim shale formation. The sale price was $45.1 million cash.

"Given the sale of DTE Energy's exploration and production assets in the Antrim in 2007 and that we purchase very little Antrim production, these assets were deemed non-strategic," said Mark Stiers, MichCon vice president, Gas Sales & Supply. "However we will retain and continue to operate larger gathering pipelines in the Antrim that are strategic when examining future storage development in Northern Michigan."

MichCon Pipeline Co. is a subsidiary of DTE Energy (NYSE:DTE), a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include Detroit Edison, an electric utility serving 2.2 million customers in Southeastern Michigan, MichCon, a natural gas utility serving 1.2 million customers in Michigan and other non-utility, energy businesses focused on power and industrial projects, coal and gas midstream, unconventional gas production and energy trading. Information about DTE Energy is available at http://www.dteenergy.com/.

Denver-based DCP Midstream Partners LP (NYSE:DPM) is a midstream master limited partnership that gathers, processes, transports and markets natural gas, and is a leading wholesale distributor of propane. The company is managed by its general partner, DCP Midstream GP LLC, which is wholly owned by DCP Midstream LLC, a joint venture between Spectra Energy and ConocoPhillips. 

DATASOURCE: MichCon



CONTACT:  Scott Simons, [phone], or Len Singer, [phone],

for MichCon



Web Site:  http://www.dteenergy.com/ 

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