- Business
- DTE Energy Company (NYSE: DTE), through its principal subsidiaries DTE Electric Company and DTE Gas Company, generates, transmits, distributes and sells electricity and natural gas to approximately 2.3 million and 1.3 million residential, commercial and industrial customers, respectively, primarily in Michigan. DTE Electric operates an 11,084-megawatt generation fleet that includes coal-fired plants, the 1.1-gigawatt Fermi 2 nuclear power plant, hydroelectric pumped-storage facilities, natural gas plants, wind assets and solar facilities; DTE Gas manages 20,500 miles of distribution mains, 2,000 miles of transmission pipelines, 278 storage wells representing 34% of Michigan's underground capacity, and 1.238 million service pipelines. The company also offers metallurgical and petroleum coke via DTE Vantage; power generation, steam production, chilled water, wastewater treatment and compressed air to industrial customers; renewable natural gas recovery through 23 sites and three 114-megawatt plants; energy marketing, trading, structured transactions and optimization of natural gas positions; and distributed generation technologies. DTE Energy maintains non-utility operations across multiple 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. Founded in 1903 as the predecessor Detroit Edison Company and tracing gas operations to 1849, the company is headquartered at One Energy Plaza in Detroit, Michigan, and employs over 10,000 people. In recent developments, DTE Energy signed its first major data center power agreement in 2025 for 1.4 gigawatts with a hyperscaler customer, with line of sight to an additional seven gigawatts, prompting a 22% increase to its five-year capital plan totaling $36.5 billion including $30 billion for electric infrastructure, $4.5 billion for gas and $2 billion for DTE Vantage to support grid modernization, renewables and data center demand; the company broke ground on the 100-megawatt Cold Creek Solar Park in April 2025 to supply Ford Motor Company and energized the 80-megawatt Pine River Solar Park; committed $2 billion annually through a public-private partnership with the State of Michigan and Consumers Energy to procure from local suppliers for transformers and clean energy technologies; invested $1.8 billion in the first half of 2025 on grid upgrades yielding 75% shorter outage durations since 2023; and plans 2.5 gigawatts of battery storage, eight gigawatts of renewables and 1.5 gigawatts of gas generation through 2032 while pursuing net-zero carbon emissions by 2050.