DTE Energy

DTE Energy Company stands as Michigan's largest and most diversified energy provider, delivering essential electric and natural gas services to millions of customers across the state while leading the transition toward clean, sustainable energy. Through its two primary operating utilities—DTE Electric serving 2.3 million customers in Southeast Michigan and DTE Gas serving 1.3 million customers throughout Michigan—the company powers homes, businesses, and communities with a combination of traditional and renewable energy sources. Headquartered in Detroit, the company has deep roots in Michigan's industrial and economic development, tracing its electric operations to the 1886 founding of Edison Illuminating Company of Detroit and its gas operations to 1849, making it one of the oldest continuously operating energy providers in the United States.

In 2024, DTE Energy demonstrated its commitment to infrastructure modernization and service reliability through historic investments totaling $4 billion in utility infrastructure improvements. This unprecedented capital deployment included over $2.5 billion in electric grid modernization and $1.1 billion in cleaner generation assets for DTE Electric, plus $740 million for DTE Gas system upgrades. These investments delivered measurable results for customers, with a nearly 70% improvement in time spent without power in 2024 compared to previous years, alongside $300 million in fuel and transportation cost savings that directly reduced customer bills. The company's financial performance remained strong despite these massive infrastructure investments, with annual revenue of $12.46 billion in 2024 and operating earnings guidance of $7.09-$7.23 per share for 2025, positioning DTE for sustained growth while serving the public interest.

DTE Energy's transformation from a traditional utility into a clean energy leader represents one of the most ambitious decarbonization efforts in the American utility sector. The company unveiled its CleanVision Integrated Resource Plan in 2022, charting a path to net zero carbon emissions by 2050 with interim targets including 50% emissions reduction by 2030 and elimination of coal-fired generation by 2032. As of 2024, DTE operates over 50 wind and solar parks generating enough clean energy to power approximately 750,000 homes, with plans to expand renewable capacity to serve 5.5 million homes by 2042. The company's renewable energy portfolio includes 2,300 megawatts currently in service and over 1,000 megawatts planned through 10 new solar projects by 2026. DTE also launched Michigan's first utility-scale battery storage facility, the 14-megawatt Slocum Energy Center in Trenton, demonstrating leadership in energy storage technology critical for grid reliability with high renewable penetration.

The company's five-year capital investment plan totaling $30 billion (2025-2029) positions DTE Energy for transformational growth across generation, transmission, distribution, and customer service. Beyond traditional utility operations, DTE is capitalizing on emerging opportunities in the data center market, having executed multiple non-binding agreements to serve approximately 2,100 megawatts of data center load—a substantial growth driver reflecting the digital economy's increasing energy demands. The company employs 9,500 people as of December 2024, operating with a strong commitment to diversity, equity, and inclusion, with a workforce that is 41.9% female and 35.2% ethnic minorities. Leadership transitions in 2025 will see current President and COO Joi Harris assume the CEO role on September 8, 2025, succeeding Jerry Norcia who will transition to Executive Chairman, ensuring continuity in executing DTE's vision of powering Michigan's future with cleaner, more reliable, and affordable energy.