`PricewaterhouseCoopers LLP, 500 Woodward Avenue, Detroit, MI 48226
`T: (313) 394 6000, F:(313) 394 6555, www.pwc.com
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`Report of Independent Auditors
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`To the Management of DTE Midstream Appalachia, LLC
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`We have audited the accompanying financial statements of DTE Midstream Appalachia, LLC, which
`comprise the balance sheets as of December 31, 2019 and 2018, and the related statements of income, of
`retained earnings, and of cash flows for the years then ended, included on pages 110 through 122.5 of the
`accompanying Federal Energy Regulatory Commission Form 2-A.
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`Management’s Responsibility for the Financial Statements
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`Management is responsible for the preparation and fair presentation of the financial statements in
`accordance with the accounting requirements of the Federal Energy Regulatory Commission as set forth in
`its applicable Uniform System of Accounts and published accounting releases described in Note 2 on page
`122.2. Management is also responsible for the design, implementation, and maintenance of internal
`control relevant to the preparation and fair presentation of financial statements that are free from material
`misstatement, whether due to fraud or error.
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`Auditors’ Responsibility
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`Our responsibility is to express an opinion on the financial statements based on our audit. We conducted
`our audit in accordance with auditing standards generally accepted in the United States of America. Those
`standards require that we plan and perform the audit to obtain reasonable assurance about whether the
`financial statements are free from material misstatement.
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`An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
`the financial statements. The procedures selected depend on our judgment, including the assessment of
`the risks of material misstatement of the financial statements, whether due to fraud or error. In making
`those risk assessments, we consider internal control relevant to the Company's pr eparation and fair
`presentation of the financial statements in order to design audit procedures that are appropriate in the
`circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's
`internal control. Accordingly, we express no such opinion. An audit also includes evaluating the
`appropriateness of accounting policies used and the reasonableness of significant accounting estimates
`made by management, as well as evaluating the overall presentation of the financial statements. We
`believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
`audit opinion.
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`Opinion
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`In our opinion, the financial statements referred to above present fairly, in all material respects, the
`financial position of DTE Midstream Appalachia, LLC as of December 31, 2019 and 2018, and the results
`of its operations and its cash flows for the year then ended in accordance with the accounting
`requirements of the Federal Energy Regulatory Commission as set forth in its applicable Uniform System
`of Accounts and published accounting releases described in Note 2 on page 122.2.
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`Basis of Accounting
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`We draw attention to Note 2 on page 122.2 of the financial statements, which describes the basis of
`accounting. As described in Note 2 on page 122.2 to the financial statements, the financial statements are
`prepared by DTE Midstream Appalachia, LLC on the basis of the accounting requirements of the Federal
`Energy Regulatory Commission as set forth in its applicable Uniform System of Accounts and published
`accounting releases, which is a basis of accounting other than accounting principles generally accepted in
`the United States of America, to meet the requirements of the Federal Energy Regulatory Commission.
`Our opinion is not modified with respect to this matter.
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`Restriction of Use
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`This report is intended solely for the information and use of the Management of DTE Midstream
`Appalachia, LLC and the Federal Energy Regulatory Commission and is not intended to be and should not
`be used by anyone other than these specified parties.
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`April 17, 2020
`Detroit, Michigan
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