A Brief History of DTE Energy Company (DTE)

The origins of DTE Energy Company can be traced back to the late 1800s. The company has grown and evolved significantly over the years, playing an important role in the development of energy infrastructure in the United States.

In 1903, Detroit Edison was founded to bring electricity to the rapidly growing city of Detroit. The company's early achievements included the development of the city's electric streetcar system and the introduction of electric lighting to homes and businesses.

During the 1920s and 1930s, Detroit Edison expanded its operations, acquiring several smaller utility companies in Michigan. This period also saw the construction of new power plants to meet increasing demand for electricity.

In the mid-20th century, Detroit Edison continued to grow, investing in both nuclear and coal-fired power plants to diversify its energy sources. Key developments during this era included:

• 1954: The commissioning of the Enrico Fermi Atomic Power Plant, one of the earliest nuclear power plants in the United States.
• 1962: The construction of the Monroe Power Plant, which became one of the largest coal-fired power plants in North America.

In 1996, Detroit Edison underwent a major transformation by merging with Michigan Consolidated Gas Company (MichCon), a leading natural gas utility. This merger led to the creation of DTE Energy Company, which allowed the company to offer a more diversified portfolio of energy services.

Throughout the early 2000s, DTE Energy continued to focus on both innovation and sustainability. The company expanded its renewable energy initiatives, investing in wind and solar power projects. Key milestones included:

• 2009: The commissioning of the first large-scale wind farm, the Thumb Wind Park, in Michigan.
• 2012: The launch of the SolarCurrents program, which encouraged residential and commercial customers to adopt solar energy solutions.

In recent years, DTE Energy has committed to reducing its carbon footprint and transitioning to cleaner energy sources. Significant initiatives include:

• 2017: Announcing a long-term goal to reduce carbon emissions by more than 80% by 2050.
• 2020: Closing several coal-fired power plants and expanding renewable energy capacity.

Today, DTE Energy is a leading diversified energy company, providing electricity and natural gas to millions of customers in Michigan. The company continues to invest in a sustainable energy future, with a strong focus on innovation and environmental responsibility.

Who Owns DTE Energy Company (DTE)

DTE Energy Company (DTE) is a publicly traded entity listed on the New York Stock Exchange under the ticker symbol "DTE." As a public company, it is owned by its shareholders. These shareholders can range from individual investors to institutional investors, such as mutual funds, pension funds, and insurance companies. The ownership structure of DTE can be quite diverse, reflecting a wide array of stakeholders.

Here are some important aspects regarding the ownership of DTE Energy Company:

• Institutional Investors: A significant portion of DTE's shares are owned by institutional investors. These include entities such as mutual funds, pension funds, and insurance companies that pool together large amounts of capital to make significant investments in publicly traded companies.
• Individual Shareholders: Individual investors also own shares of DTE. These can range from small retail investors to high-net-worth individuals who buy shares through brokerage accounts.
• Executive and Employee Ownership: Members of DTE's executive team and other employees may own shares or have stock options as part of their compensation packages. This can align the interests of the company's management with those of its shareholders.
• Mutual Funds and ETFs: Many mutual funds and exchange-traded funds (ETFs) include DTE in their portfolios, thereby making their investors indirect shareholders of the company.
• Board of Directors: Members of the Board of Directors may also hold shares in DTE, further aligning their interests with the broader shareholder base.

Understanding the diverse ownership structure of DTE Energy Company provides insight into the various stakeholders who have an interest in the company's performance and governance.

DTE Energy Company (DTE) Mission Statement

DTE Energy Company (DTE) is committed to serving its customers and communities through a clear and impactful mission statement. DTE's mission focuses on providing safe, reliable, and affordable energy services, while also emphasizing their dedication to community and environmental stewardship. The key elements of their mission statement can be outlined as follows:

• Safety: DTE places a high priority on ensuring the safety of their employees, customers, and the communities they serve. The company invests in state-of-the-art technology and rigorous training to maintain a safe operational environment.
• Reliability: The company aims to deliver consistent and dependable energy services. This is achieved through robust infrastructure, advanced energy systems, and a commitment to operational excellence.
• Affordability: DTE strives to offer energy services at competitive rates, ensuring that all customers have access to the energy they need without financial strain. They continuously explore ways to improve efficiency and reduce costs.
• Community Engagement: DTE is dedicated to making a positive impact on the communities they serve. This includes initiatives to support economic development, education, and local organizations.
• Environmental Stewardship: DTE is committed to reducing its carbon footprint and encouraging sustainable practices. The company invests in renewable energy sources and works to minimize environmental impact through various green initiatives.

In summary, DTE Energy Company (DTE) aims to be a trusted energy provider by prioritizing safety, reliability, affordability, community engagement, and environmental stewardship in all their operations.

How DTE Energy Company (DTE) Works

DTE Energy Company (DTE) is a diversified energy company involved in the development and management of energy-related businesses and services nationwide. The company's primary focus is on providing reliable and affordable energy services to both residential and commercial customers. Here's an overview of how DTE Energy operates:

• Electric Utility: DTE Energy provides electricity to millions of customers in Michigan. The company operates a diverse mix of power generation assets, including coal, natural gas, nuclear, and renewable energy sources such as wind and solar.
• Gas Utility: The company also delivers natural gas to homes and businesses across Michigan. DTE’s gas utility services include the exploration, production, and distribution of natural gas.

Energy Generation and Distribution

DTE Energy generates electricity through a variety of sources. The company is committed to transitioning to cleaner energy and has made significant investments in renewable energy. DTE owns and operates several wind and solar farms, which contribute to the company’s power mix and help reduce carbon emissions.

The distribution of electricity involves a complex grid system that includes substations, transformers, and power lines. DTE Energy maintains this infrastructure to ensure reliability and efficiency in power delivery.

• Exploration and Production: DTE Energy engages in the exploration and production of natural gas. This includes drilling wells and extracting gas from underground reserves.
• Transmission and Storage: The company operates extensive gas transmission and storage facilities, ensuring a steady supply even during peak demand periods.
• Distribution: The natural gas is then distributed to residential, commercial, and industrial customers through a network of pipelines.

Customer Service and Engagement

DTE Energy places a high emphasis on customer service and community engagement. The company offers a range of services to help customers manage their energy usage and costs. This includes energy efficiency programs, budget billing, and assistance programs for low-income households.

Innovation and Sustainability

DTE is actively involved in innovative projects aimed at enhancing sustainability. The company has initiatives to reduce greenhouse gas emissions and increase the use of renewable energy sources. DTE also invests in smart grid technology to improve the efficiency and reliability of its energy delivery systems.

How DTE Energy Company (DTE) Makes Money

DTE Energy Company (DTE) is a diversified energy company engaged in the development and management of energy-related businesses and services. DTE primarily makes money through its various business segments, each contributing significantly to the company's revenue streams.

Here are the key ways DTE Energy Company generates revenue:

• Electric Utility Operations: One of the primary sources of revenue for DTE is its electric utility operations. The company generates, transmits, and distributes electricity to millions of residential, commercial, and industrial customers. Revenue is earned through the sale of electricity, with rates regulated by the Michigan Public Service Commission (MPSC).
• Gas Utility Operations: DTE’s gas utility segment provides natural gas services to a large customer base. The company earns revenue by delivering natural gas to homes and businesses, and like the electric segment, gas rates are regulated by the MPSC. Additionally, DTE earns money from gas storage and transportation services.
• Non-Utility Energy Businesses: DTE operates several non-utility energy businesses that contribute significantly to its revenue. Some of these include:
• Gas Storage and Pipelines: This segment involves the ownership and operation of natural gas pipelines and storage facilities. Revenue is generated through transportation and storage fees.
• Power and Industrial Projects: DTE engages in various industrial energy projects, including renewable energy initiatives, energy trading, and the provision of energy management services. These projects can deliver substantial returns through long-term contracts and various energy market activities.
• Energy Trading: DTE is involved in energy trading activities, where it buys and sells electricity, natural gas, and other energy commodities. These trading operations can lead to significant profits depending on market conditions.
• Renewable Energy: DTE is increasingly investing in renewable energy sources, such as wind and solar power. The company earns revenue from the sale of renewable energy credits (RECs) and the direct sale of power generated from renewable sources.
• Energy Efficiency Programs: DTE offers various energy efficiency programs to its customers. These programs are designed to help customers reduce their energy consumption, and DTE sometimes earns incentives or regulatory credits for meeting specific energy reduction targets.

Through these diverse revenue streams, DTE Energy Company is able to maintain stable financial performance while also investing in future growth areas, such as renewable energy and energy efficiency initiatives.