Customer Base and Operations - DTE Electric serves approximately 2.3 million customers in southeastern Michigan, with peak load and highest total system sales typically occurring in the third quarter due to cooling demands [48][49]. - DTE Electric's distribution operations include 702 substations with a total capacity of approximately 37,710,000 kVA and 455,300 line transformers with a capacity of approximately 33,570,000 kVA [58]. - Approximately 10% of DTE Electric's retail sales in 2024 were from customers with retail access to alternative electric suppliers, a figure expected to remain stable in future years [68]. - DTE Gas owns approximately 20,500 miles of distribution mains, 1,238,000 service pipelines, and 1,352,000 active meters, along with 2,000 miles of transmission pipelines [78]. - DTE Gas has an aggregate working gas storage capacity of approximately 139 Bcf across four underground natural gas storage fields [79]. Energy Supply and Contracts - DTE Electric has long-term contracts for approximately 7.5 million tons of low-sulfur western coal and 1.2 million tons of Appalachian coal for delivery from 2025 to 2026, with 100% of its expected coal requirements under contract for 2025 [52]. - DTE Electric's natural gas purchase requirements for 2025 are expected to be approximately 80 Bcf, supported by firm gas transportation and storage capacity contracts [53]. - DTE Gas maintains a diversified portfolio of natural gas supply contracts, with pricing generally tied to the New York Mercantile Exchange and MPSC-approved fixed price supplies through 2027 [75]. Environmental Goals and Initiatives - DTE Electric aims to reduce carbon emissions by 65% by 2028, 85% by 2032, and 90% by 2040 from 2005 levels, with a transition away from coal-fired plants planned by 2032 [62][65]. - The Michigan state legislation mandates a 100% clean energy portfolio standard by 2040, requiring 50% of energy to be generated from renewable sources by 2030 and 60% by 2035 [63]. - DTE Vantage is developing multiple carbon capture projects across the United States to help customers reduce emissions and meet environmental commitments [92]. - DTE Energy plans to reduce carbon emissions from gas utility operations by 65% by 2030 and 80% by 2040, aiming for net zero carbon emissions by 2050 [89]. Financial Performance and Projections - DTE Energy's estimated total future environmental expenditures through 2029 are projected to be $532 million, with $39 million estimated for 2025 [104]. - DTE Energy had pension credits of $18 million in 2024 and $69 million in 2023, with pension costs of $123 million in 2022 [298]. - The expected long-term rate of return on pension plan assets is set at 7.80% for 2025, reflecting a decrease from previous assumptions [298]. - DTE Energy estimates a total pension cost of approximately $60 million for 2025, compared to a credit of $18 million in 2024, primarily due to deferred investment losses [302]. - The MTM (mark-to-market) net asset position was $72 million at December 31, 2024, down from $97 million at December 31, 2023 [315]. Workforce and Diversity - DTE Energy had approximately 9,500 employees as of December 31, 2024, with about 4,800 represented by unions [105]. - As of December 31, 2024, DTE Energy's workforce comprised 26% women and 32% minorities, reflecting its commitment to diversity, equity, and inclusion (DEI) initiatives [110]. Health and Safety - DTE Energy's health, safety, and wellbeing culture is supported by multiple committees, emphasizing the importance of safety for employees and contractors [111]. - In 2024, DTE Energy was recognized with an honorable mention for the C. Everett Koop National Health Award for its workplace health and wellbeing programs [116]. Compensation and Benefits - DTE Energy's compensation practices are reviewed annually to ensure fairness and equity, with approximately half of its employees represented by labor unions [117]. - The company offers competitive benefits, including a 401(k) plan with automatic enrollment and matching contributions [119]. - DTE Energy's annual incentive plans reward individuals with cash bonuses based on performance metrics, including earnings per share and cash flows [119]. Impairment and Pension Plans - DTE Energy performs annual impairment tests for goodwill, with no impairments reported as of October 1, 2024, indicating strong fair value assessments [295]. - The discount rate for DTE Energy's pension plans was 5.65% and for other postretirement plans was 5.66% as of December 31, 2024, up from 5.00% for both plans at December 31, 2023 [300]. - DTE Energy's qualified pension plans were underfunded by $115 million and other postretirement benefit plans were over-funded by $471 million as of December 31, 2024 [305]. - Lowering the expected long-term rate of return on plan assets by one percentage point would have decreased the 2024 pension credit by approximately $43 million [304].

For the quarter ended December 2024, DTE Energy (DTE) reported revenue of $-999 million, down 129.4% over the same period last year. EPS came in at $1.51, compared to $1.97 in the year-ago quarter. ...

Top-tier customer bill management; reduced customers' bills by $300 million in fuel and transportation cost savings Invested $4.4 billion in electric and gas infrastructure to improve reliability and generate cleaner energy Customers experienced a nearly 70% improvement in time spent without power from 2023 to 2024 Supported vulnerable customers by connecting them to $144 million in energy assistance Championed legislation to assist low-income customers Brought comfort to Michigan families with $63 million ...

Detroit, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Today, DTE Energy joined with 120 human service agencies, religious organizations and businesses, known as the "Coalition to Keep Michigan Warm," to celebrate new laws that will expand energy assistance to more Michiganders. DTE and other members of the coalition, were joined by Governor Whitmer, legislators and community leaders to celebrate the bipartisan collaboration that was necessary to successfully break down barriers and secure this vital funding for Michig ...

Group of more than 120 human service agencies, religious organizations and businesses and legislatures were instrumental in the bipartisan passage of new law to expand energy assistance for Michiganders in need Governor Gretchen Whitmer Governor Gretchen Whitmer spoke at the event, congratulating the Coalition to Keep Michigan warm on their hard work and collaboration to help get the MEAP bills passed. Speakers at the MEAP expansion celebration Representative Helena Scott; Jerry Norcia, Chairman & Chi ...

Casey Santos DTE Energy names Casey Santos to board of directors Detroit, Feb. 06, 2025 (GLOBE NEWSWIRE) -- DTE Energy (NYSE: DTE) has named Casey Santos to its board of directors effective Feb. 6. Santos recently joined Caliber as chief technology officer. Prior to Caliber, Santos led Asurion’s global technology and procurement teams as their chief information officer. She has more than 25 years of experience as an executive leader, an independent board director for public and private organizations, an ...

Wall Street expects a year-over-year decline in earnings on lower revenues when DTE Energy (DTE) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 13, 2025, might help the stock move higher if these key numbers are better than exp ...

Detroit, Jan. 30, 2025 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) will announce its full year 2024 earnings before the market opens Thursday, February 13, 2025. The company will conduct a conference call to discuss earnings results at 9:00 a.m. ET the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at dteenergy.com/investors. The telephone dial-in number in the U.S. and Canada toll free is: (888) 510-2008. The U.S. and international toll telephone dial- ...

Grid Improvements and Investments - DTE Energy achieved a nearly 70% improvement in power outage duration for customers between 2023 and 2024, driven by $1.5 billion in grid investments and less extreme weather [1][2] - The company is executing a four-point plan to build the grid of the future, focusing on smart grid transition, infrastructure updates, grid rebuilding, and tree trimming [2] - In 2024, DTE commissioned over 450 new circuit automation devices, helping to isolate outages and restore power faster, avoiding nearly 10,000 outages and 4 million minutes of power interruption [4] - Smart grid technologies, such as automatic pole top switches, have already prevented over 50,000 customer outages [4] Infrastructure Upgrades - DTE rebuilt significant sections of the grid, including constructing 12 new substations, with three beginning construction in late 2024 [4] - The company upgraded over 850 miles of electric lines and replaced nearly 3,400 power poles in 2024 [4] - Tree trimming and removal efforts covered more than 4,300 miles in 2024, addressing a major cause of power outages, with over 31,000 miles of overhead infrastructure cleared over the past five years [4] Company Overview - DTE Energy is a diversified energy company based in Detroit, operating an electric utility serving 2.3 million customers in Southeast Michigan and a natural gas utility serving 1.3 million customers across Michigan [3] - The company is accelerating its carbon reduction goals and is involved in renewable energy generation, energy marketing, and custom energy solutions [3]

DTE Energy (DTE) has long-term capital expenditure plans to improve its infrastructure and renewable generation portfolio. The company is shutting down coal-fired units and replacing them with clean sources to produce electricity.  However, this Zacks Rank #3 (Hold) company faces risks related to unfavorable rate revisions and challenges in the energy trading business.Tailwinds Favoring DTE DTE Energy has a strong capital investment program to maintain and increase the dependability of its electric and natu ...