Quarterlytics / Utilities / Regulated Electric / DTE Energy Company

DTE Energy Company

DTE · NYSE Utilities
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Ticker DTE
Exchange NYSE
Sector Utilities
Industry Regulated Electric
Employees 10,000+

Business description

DTE Energy Company, the Detroit-based utility conglomerate, has solidified its presence in Michigan through its Electric and Gas segments, which serve millions of residential, commercial, and industrial customers. The Electric segment relies on a diverse range of sources such as fossil-fuels, hydroelectric power, nuclear plants, wind, and solar assets to generate and distribute electricity, managing over 697 distribution substations and 451,900 line transformers. The Gas segment, on the other hand, handles natural gas through over 21,000 miles of distribution mains, 1,352,000 service pipelines, 1,316,000 active meters, and 2,000 miles of transmission pipelines, serving 1.3 million customers within the state. DTE Energy Company's Vantage segment contributes to the steel and broader industry sectors by providing power, steam, wastewater treatment services, and compressed air to industrial customers. Furthermore, the Energy Trading segment handles marketing and trading of power, natural gas, environmental resources, structured transactions, and optimization of contracted natural gas transportation and storage positions. DTE Energy Company has been active since its founding in 1903, offering reliable and efficient utility operations to the region, which it continues to enhance and improve.

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Company facts
TickerDTE
ExchangeNYSE
Sector Utilities
Industry Regulated Electric
Employees10,000+