DTE Energy Company (NYSE:DTE)

DTE Energy Co is a public company headquartered in Michigan, the United States.

The company’s history dates back to 1903.

It is an energy firm that owns and operates energy infrastructure assets across the globe.

The company and its subsidiaries engages in electricity energy operations, including generation, transmission, distribution, sale, etc.

In addition, it engages in production and development of unconventional gas business.

The firm’s common stocks trade on NYSE under the symbol of ‘DTE’.

The US-based firm operates through DTE Gas and DTE Electric. The portfolio of the company includes various energy utility businesses that focuses on industrial projects, energy trading and marketing, gathering and storage services, etc.

The firm’s electric division is energy generation based on a variety of fuels. It also aims to provide reliable electricity supply to the customers.

The firm claims to purchase coal under different agreement from different geographic areas. In addition, the electricity energy firm meets the most of its coal demand through from long-term purchase agreements.

It reportedly has purchasing contracts of approximately 14 MT of low-sulfur western coal to be delivered from 2021 to 2023 under different pricing schedules.

The subsidiary also leases rail cars.

Through new and existing agreements, the energy firm aims to cover all of its vessel transportation needs in 2021 by delivering purchased coal to energy generation facilities.

The company’s gas storage and pipelines network is operated through wholly owned gathering and pipeline assets. Furthermore, it has interests in JV pipeline assets, namely NEXUS Pipeline, Vector Pipeline, and Millennium Pipeline.

The company provides integrated natural gas services to customers that connects main demand centers in the Northeast, Gulf Coast, Ontario, and Midwest markets to the production areas in the Gulf Coast Basins and Appalachian.

The American electricity company transmits, distributes, and generates electricity to 2.2 million customers in Michigan.