DTE Energy 2010 Annual Report Download - page 39

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37
NOTE 16 — RELATED PARTY TRANSACTIONS
The Company has agreements with affiliated companies to provide storage and transportation services and for the purchase of natural
gas. The Company also has an agreement with a DTE Energy affiliate where it is charged for its use of their shared capital assets. A
shared services company accumulates various corporate support services expenses and charges various subsidiaries of DTE Energy,
including MichCon. MichCon participates in a defined benefit retirement plan sponsored by another affiliate of DTE Energy.
The following is a summary of transactions with affiliated companies:
(in Millions)
2010
2009
2008
Revenues
Storage and transportation services
$ 2
$ 2
$ 2
Other services
3
5
3
Costs
Gas purchases
2
3
28
Other services and interest
20
20
22
Corporate expenses
118
123
134
Other
Dividends declared
70
50
37
Dividends paid
70
50
50
Capital contribution (1)
25
—
62
December 31
(in Millions)
2010
2009
Assets
Accounts and notes receivable (2)
$ 54
$ 54
Prepaid pension assets
178
154
Liabilities & Equity
Accounts payable (2)
24
21
Short-term borrowings
137
115
Other liabilities
Accrued pension liability
50
33
Accrued postretirement liability
182
218
____________
(1) The 2008 amount consists of $50 million representing a capital contribution from parent company and $12 million related to the
transfer of four carbon dioxide processing facilities from an affiliated company to MichCon.
(2) Our accounts receivable from affiliated companies and accounts payable to affiliated companies are payable upon demand and are
generally settled in cash within a monthly business cycle.