Welcome to our dedicated page for Dte Energy Co news (Ticker: DTE), a resource for investors and traders seeking the latest updates and insights on Dte Energy Co stock.
DTE Energy Company (NYSE: DTE) provides essential energy services to 3 million Michigan customers through its regulated utilities and innovative energy solutions. This page aggregates official press releases, financial announcements, and operational updates from one of America’s leading diversified energy providers.
Investors and stakeholders will find timely updates on earnings reports, regulatory filings, and infrastructure modernization projects, including the company’s grid reliability initiatives and renewable energy ventures. All content is sourced directly from DTE Energy’s corporate communications to ensure accuracy.
Key coverage areas include strategic partnerships, rate case decisions, clean energy investments, and service territory expansions. Bookmark this page for streamlined access to verified information about DTE’s operational milestones and financial performance.
DTE Energy (NYSE:DTE) has completed construction of the Pine River Solar Park in Michigan's Pine River Township. The 80-megawatt facility features over 180,000 solar panels and will power approximately 20,000 homes with clean energy when fully operational this spring.
The project is part of DTE's CleanVision MIGreenPower program, Michigan's largest community solar initiative. Pine River Solar is the second of three new solar parks to be connected to the grid in 2025, with five additional parks under construction. These developments support DTE's goal of achieving net zero carbon emissions and meeting Michigan's 60% renewable energy standard by 2035.
The project will provide significant tax revenue to Gratiot County and Pine River Township for community services. DTE's renewable energy investments since 2009 have created an estimated 20,000 jobs in Michigan. The company currently powers over 750,000 homes through wind and solar projects and aims to increase this to nearly 6 million homes by 2042.
DTE Energy (NYSE:DTE) has scheduled its first quarter 2025 earnings announcement for Thursday, May 1, 2025, before market opening. 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 dteenergy.com/investors. For telephone access, U.S. and Canada toll-free number is (888) 510-2008, while toll numbers are (646) 960-0306 for USA and (289) 514-5035 for Canada. The passcode for the call is 4987588. The webcast will be archived on DTE Energy's investor website for future reference.
DTE Energy has initiated construction of a 100-megawatt solar array near Coldwater, MI - the Cold Creek Solar Park, set for completion in 2026. This project is part of a historic partnership with Ford Motor Company, representing the largest renewable energy purchase from a utility in U.S. history.
Through DTE's CleanVision MIGreenPower program, Ford has committed to purchasing 650 megawatts of renewable energy, which will help avoid approximately 600,000 tons of carbon dioxide emissions annually. This initiative supports Ford's goal of achieving carbon neutrality by 2050 and using 100% carbon-free electricity in global manufacturing by 2035.
DTE currently operates 20 wind parks and 34 solar parks in Michigan. The company has invested $4.6 billion in renewable infrastructure since 2009 and plans an additional $4 billion investment. In 2025, DTE will launch six new solar parks totaling 800 megawatts, capable of powering over 220,000 homes.
The DTE Energy Foundation has announced a $150,000 grant program through its Community Empowerment Awards initiative, inviting Michigan nonprofits to submit project proposals for community transformation efforts. Individual grants up to $50,000 are available, with applications being accepted until May 16, 2025.
The program, now in its second year, focuses on supporting organizations that enhance safety, expand opportunities, and provide services for youth and families in underserved communities. Eligible applicants must be 501(c)(3) public charities located in Michigan, with projects directly benefiting local communities.
Key requirements include: the DTE Foundation must be the majority contributor, projects cannot be energy-related, organizations must provide long-term sustainability plans, and grantees must submit annual impact reports. Fiduciary arrangements and Type III supporting organizations are not eligible for funding.
DTE Energy reported significant achievements in 2024, investing a record $4.4 billion in infrastructure improvements. The company's earnings reached $1.4 billion ($6.77 per diluted share), with operating earnings of $1.4 billion ($6.83 per diluted share), up from $1.2 billion ($5.73 per diluted share) in 2023.
Key accomplishments include a 70% reduction in customer power outage time, $300 million in customer fuel cost savings, and the launch of their largest solar park. DTE Electric invested $2.5 billion in infrastructure and $1.1 billion in cleaner generation, while DTE Gas invested $740 million in system upgrades. The company connected vulnerable customers to $144 million in energy assistance and invested $3.3 billion in local businesses, creating nearly 14,000 Michigan jobs.
Looking ahead, DTE Energy provided 2025 operating EPS guidance of $7.09-$7.23.
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
