Company
DTE Energy Company
Headquarters: Detroit, MI, United States
Employees: 10,300
CEO: Mr. Gerard M. Anderson
Market Cap
$22.72 Billion
USD as of July 1, 2024
DTE Energy Company Categories
United States Utilities Utilities—Regulated ElectricUnited States Utilities United States Utilities—Regulated Electric
Company Description
DTE Energy, which stands for the former name Detroit Edison, is involved in the production and distribution of energy. It notably provides electric utilities to 2.2 million customers and natural gas utilities to 1.3 million customers in Michigan. DTE also operates in non-utility energy businesses through subsidiaries in gas pipelines in the U.S. and Canada, gas storage, industrial projects, biomass renewable energy production, and energy marketing and trading.
Top Competitors by Market Capitalization
Industry: Utilities—Regulated Electric
| Company | Market Cap (USD) |
|---|---|
| NextEra Energy | $147.58 B |
| The Southern Company | $84.98 B |
| Duke Energy Corporation | $77.61 B |
| American Electric Power Company, Inc. | $46.31 B |
| PG&E Corporation | $44.66 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| NextEra Energy | $147.58 B |
| China Yangtze Power Co. Ltd | $98.70 B |
| The Southern Company | $84.98 B |
| Iberdrola, SA | $79.29 B |
| Duke Energy Corporation | $77.61 B |
Detailed Description
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets. This segment owns and operates approximately 698 distribution substations and 449,800 line transformers. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to approximately 1.3 million residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. This segment has approximately 20,000 miles of distribution mains; 1,304,000 service pipelines; and 1,305,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. The company's Power and Industrial Projects segment offers metallurgical coke; pulverized coal and petroleum coke to the steel, pulp and paper, and other industries; and power, steam and chilled water production, and wastewater treatment services, as well as supplies compressed air to industrial customers. Its Energy Trading segment engages in power, natural gas, and environmental marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. The company was founded in 1903 and is headquartered in Detroit, Michigan.
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Stocks & Indices
DTE Energy Company has the following listings and related stock indices.
Stock: NYSE: DTE wb_incandescent
Stock: FSX: DGY wb_incandescent
Key People
Gerardo Norcia (President and Chief Executive Officer) Gerard M. Anderson (Executive Chairman)
Financials
Revenue: US$ 12.177 billion (2020)
Net income: US$1.368 billion (2020)
Total assets: US$ 45.496 billion (2020)