DTE Energy Company
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Joi Harris
- Full Time Employees
- 9,650
- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- One Energy Plaza Detroit MI United States of America 48226-1279
- IPO Date
- Jan 2, 1970
- CIK
- 0000936340
- Website
- dteenergy.com
- Similar Companies
- Business
- DTE Energy Company (NYSE: DTE) operates as a diversified energy utility holding company that generates, purchases, transmits, distributes, and sells electricity and natural gas to residential, commercial, and industrial customers primarily in Michigan; its core operating subsidiaries include DTE Electric, serving 2.3 million electric customers in southeastern Michigan through an 11,084 megawatt capacity generation portfolio comprising coal, nuclear (including the 1.1 million kilowatt Fermi 2 plant), natural gas, hydroelectric pumped storage, and renewables, and DTE Gas, serving 1.3 million natural gas customers statewide with 278 storage wells representing 34% of Michigan's underground working capacity; non-utility operations encompass DTE Biomass Energy facilities across multiple states, DTE Power & Industrial projects providing industrial energy services nationwide, DTE Energy Trading for marketing and trading activities, and other energy-related businesses such as renewable natural gas and emission control technologies. Founded in 1903 as the predecessor Detroit Edison Company and headquartered at One Energy Plaza in Detroit, Michigan, the company employs over 10,000 people and maintains a presence in more than 450 Michigan communities as well as operations in states including Arizona, California, Florida, Georgia, Illinois, Indiana, Kansas, Maryland, Mississippi, Nevada, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Utah, Virginia, and Wisconsin. In recent developments, DTE Energy invests nearly $3 billion through the third quarter of 2025 toward a full-year target of $4.4 billion in utility infrastructure upgrades, grid modernization, and cleaner energy transitions, including $370 million already committed in early 2025 to enhance electric reliability following a 70% reduction in customer outage times in 2024; the company executes a landmark 1.4 gigawatt data center power agreement to support electric load growth of up to 25%, launches a public-private partnership with Consumers Energy and the State of Michigan committing $2 billion annually to local suppliers for energy infrastructure like transformers and solar components aiming for carbon neutrality by 2050, and expands energy assistance via doubled MEAP funding to $100 million over five years with raised eligibility thresholds to aid vulnerable customers.
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