DTE Energy provides diversified energy solutions through its two segments.
The public company, founded in 1903, is domiciled in Michigan, the United States. The energy company manages and develops energy related services and business.
The company along with its subsidiaries purchase, generates, sells, distributes, and transmits electric energy in Michigan. It is also involved in gas storage and pipelines, unconventional gas exploration, production, and development.
It is listed on the New York Stock Exchange with the ticker ‘DTP’, where its 2019 series 6.25 per cent corporate units trade.
The firm’s portfolio consists of various non-utility energy business that focuses on industrial projects, energy trading and marketing, gathering and storage services.
The non-utility and utility subsidiaries engage in diversified energy services.
The company transmits, distributes and generates electricity to 2.2 million customers across the state of Michigan.
The firm’s energy facilities have an estimated 11,084 megawatts system capacity. It uses nuclear fuel, natural gas, coal, renewable sources and hydroelectric for electricity generation.
The energy infrastructure firm operates through the following subsidiaries:
• DTE Gas Company
• DTE Energy Trading INC
• DTE Biomass Energy
• DTE Enterprise
• DTE Pipeline Co
• DTE Electric Holding LLC
• DTE Gas Holding
• Michigan Consolidated Gas Co
The US-based company operates and owns 698 energy distribution systems and nearly 445,800 line transformers.
The energy firm claims to have a gas distribution network spread in 20,000 miles, with nearly 1.3 million of service pipelines and 1,305,000 active meters. In addition, the energy infrastructure company has transmission network that is covers 2,000 miles and distributes natural gas to the market area.
The energy firm aims to reduce methane and carbon dioxide emission by above 80 per cent by 2040 for producing cleaner, safe and reliable energy.
In addition, the American energy firm provides various other services like billing & payment, outage, and safety, rebate & offers, smart homes, property management, biomass energy, energy trading, etc.