DTE Energy Co is an American utility company headquartered in Detroit, Michigan. It was founded in 1995, when Detroit Edison merged with MichCon. The company provides electricity and natural gas to millions of customers across Michigan, serving both residential and commercial customers. It is the largest utility company in Michigan, with a diverse portfolio of energy-related businesses.
DTE Energy generates electricity using a mix of coal, natural gas, nuclear, and renewable energy sources. The company operates several power plants, including the Fermi 2 Nuclear Power Plant, the Monroe Power Plant, and the Belle River Power Plant. In recent years, DTE Energy has increased its investment in renewable energy, with a goal of reducing its carbon emissions by 80% by 2040. The company has invested in wind and solar power, and has set a target of generating 40% of its electricity from renewable sources by 2040.
In addition to its energy generation business, DTE Energy also operates a number of other businesses related to energy and infrastructure. The company's non-utility businesses include DTE Midstream, which develops and operates natural gas pipelines, and DTE Energy Services, which provides energy consulting and management services to commercial and industrial customers. DTE Energy has also made investments in energy storage and electric vehicle charging infrastructure.
DTE Energy is publicly traded on the New York Stock Exchange under the ticker symbol DTE. The company is a member of the S&P 500 index and has been recognized for its corporate responsibility efforts, including being named one of the World's Most Ethical Companies by the Ethisphere Institute.