Dte Energy Co - DTE STOCK NEWS

DTE Energy and the 'Coalition to Keep Michigan Warm' celebrated new legislation expanding energy assistance for Michigan residents. The coalition, comprising over 120 human service agencies, religious organizations, and businesses, worked with Governor Whitmer and legislators to secure bipartisan support for expanding the Michigan Energy Assistance Program (MEAP).

The new laws will double MEAP funding from $50 million to $100 million over five years, increase eligibility threshold from 150% to 200% of the Federal Poverty Level, ensure funds are allocated to low-income customers in areas where generated, and implement a $2 per meter surcharge adjustable for inflation.

The expansion will benefit approximately 330,000 Michigan families, helping them maintain comfortable temperatures year-round. DTE Chairman Jerry Norcia emphasized the company's commitment to providing cleaner, reliable energy while keeping bills below the national average. The new legislation will take effect on October 1, 2025.

DTE Energy has announced its Board of Directors has declared a quarterly dividend of $1.09 per share on its common stock. The dividend will be payable on April 15, 2025, to shareholders of record as of the close of business on March 17, 2025. This declaration continues DTE Energy's remarkable track record of over 100 years of issuing cash dividends to shareholders.

DTE Energy (NYSE: DTE) has appointed Casey Santos to its board of directors effective Feb. 6, 2024. Santos, currently Chief Technology Officer at Caliber, brings over 25 years of executive leadership experience, particularly in technology and digital transformation. Previously, she served as Chief Information Officer at Asurion, leading global technology and procurement teams.

Santos's diverse background includes technology leadership roles in finance, strategy consulting at McKinsey, and a notable start as a NASA Flight Controller supporting over 20 space shuttle missions. She holds degrees from MIT and the University of Pennsylvania, including an MBA from Wharton. Her recent recognitions include Top 100 Chief in Tech Leaders to Watch (2024) and Nashville Technology Council's CIO of the Year (2023).

DTE Energy (NYSE:DTE) has announced it will release its full year 2024 earnings report before market opening on Thursday, February 13, 2025. The company will host a conference call at 9:00 a.m. ET on the same day to discuss the results.

Investors and interested parties can access the live broadcast via the company's investor relations website at dteenergy.com/investors. For those joining by phone, toll-free dial-in numbers are available for U.S. and Canada (888-510-2008), while international callers can use (646-960-0306) or Canada toll (289-514-5035) with passcode 4987588. The webcast will be archived on DTE Energy's investor website for future reference.

DTE Energy reported significant improvements in electric reliability for 2024, with customers experiencing a 70% reduction in power outage duration compared to 2023. This improvement stems from a $1.5 billion investment in grid infrastructure and less extreme weather conditions.

The company's progress follows a four-point plan focusing on smart grid transition, infrastructure updates, grid rebuilding, and tree management. Key achievements include:

• Installation of 450+ new circuit automation devices, preventing nearly 10,000 outages and 4 million minutes of power interruption
• Construction progress on 12 new substations
• Upgrades along 850+ miles of electric lines and replacement of 3,400 power poles
• Tree management across 4,300 miles of infrastructure

DTE Energy invested $3.3 billion with Michigan suppliers in 2024, creating and sustaining approximately 14,000 jobs across the state. The company has invested over $24 billion with Michigan-based suppliers since 2010, supporting 92,000 jobs statewide.

Regional investments in 2024 included: $2.53 billion in Southeast Michigan and Metro Detroit (11,000 jobs), $138 million in West Michigan (550 jobs), $20 million in Northern Michigan (90 jobs), $286 million in South Michigan (1,200 jobs), $176 million in Central Michigan (700 jobs), $137 million in the Thumb Region (600 jobs), and $31 million in the Upper Peninsula (140 jobs).

The company also achieved nearly $1 billion in spending with certified diverse suppliers in 2024, advancing its 2020 diversity goal.

DTE Energy has invested $63 million in its Energy Efficiency Assistance (EEA) program for 2024, providing free energy-efficient home upgrades to income-qualified households. The program has benefited over 25,000 families this year, offering improvements such as insulation, furnace replacements, and ENERGY STAR® appliances.

The initiative targets households earning up to 200% of the federal poverty level and those enrolled in public assistance programs. In Detroit, where nearly 40,000 low-income households face inadequate housing conditions, DTE has implemented a 'Neighborhood Approach,' allocating $2 million to the North Coyle neighborhood. Nearly 3,000 HVAC upgrades have been installed across the service territory in 2024.

DTE Energy has announced that its 2025 Annual Meeting of Common Stock Shareholders will take place on Thursday, May 8. Shareholders who own stock as of the record date of March 11, 2025, will be eligible to participate and vote at the meeting. Those interested in proposing business or nominating directors from the floor must submit their notice and required information to the corporate secretary by January 2, 2025.

DTE Energy has announced its Board of Directors has declared a quarterly dividend of $1.09 per share on its common stock. The dividend will be payable on January 15, 2025, to shareholders of record as of the close of business on December 16, 2024. This declaration continues the company's remarkable track record of over 100 years of consistent cash dividend payments to shareholders.