DTE Energy Releases Annual CleanVision Sustainability Report; highlights progress providing customers cleaner, more reliability and affordable energy

Rhea-AI Summary

DTE Energy (NYSE:DTE) has released its 2023 CleanVision Sustainability Report, highlighting the company's progress in providing cleaner, more reliable, and affordable energy. The report focuses on DTE's efforts to improve operations, achieve net zero goals, care for customers, and develop a workforce for Michigan's energy future.

Key highlights include:

• A commitment to reduce power outages by 30% and cut system outage duration in half over the next five years
• Investments balancing affordability with keeping bill increases below inflation rates
• Programs and services targeting vulnerable customers' needs

The report adheres to industry standards and frameworks, including EEI, AGA, GRI, TCFD, and SASB. It serves as a roadmap for DTE's ongoing sustainability efforts and corporate citizenship work.

Detroit, Oct. 04, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today released its 2023 CleanVision Sustainability Report, the company's annual publication detailing progress towards its ongoing work to generate cleaner, more reliable and affordable energy for the people and community it serves.

DTE’s CleanVision report shares progress on the company’s priorities of improving operations, achieving net zero goals, caring for customers – especially the most vulnerable – and developing a workforce to lead the state’s energy future.

“DTE’s report aims to not only share updates on sustainability efforts, operational goals and corporate citizenship work, but to serve as a road map of progress as we strive to do what’s right for our customers and communities,” said Jerry Norcia, DTE chairman and CEO. “This year, we reinforced our commitment to reduce power outages by 30% and cut system outage duration in half over the next five years. As this is underway, we are investing at a pace that balances affordability for our customers, while keeping bill increases below the rate of inflation and delivering programs and services that meet the needs of our most vulnerable customers.”

DTE’s Sustainability Report focuses on the company’s work on topics that are important to customers, employees, investors and other community stakeholders, guiding readers to where they can access more detailed information about specific topics of interest. This year’s report is supported by standard frameworks, including the Edison Electric Institute (EEI) and American Gas Association (AGA) ESG/Sustainability templates, the Global Reporting Initiative (GRI), the Task Force on Climate-related Financial Disclosures (TCFD) and Sustainable Accounting Standards Board (SASB).

Find the full report here.

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About DTE Energy
DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE has continued to accelerate its carbon reduction goals to meet aggressive targets and is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy, emission reductions and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, x.com/DTE_Energy and facebook.com/dteenergy. 

FAQ

What are the main goals outlined in DTE Energy's 2023 CleanVision Sustainability Report?

DTE Energy's 2023 CleanVision Sustainability Report outlines goals to improve operations, achieve net zero targets, care for customers (especially vulnerable ones), and develop a workforce for Michigan's energy future. It also commits to reducing power outages by 30% and cutting system outage duration in half over the next five years.

How does DTE Energy (NYSE:DTE) plan to balance affordability with investments in its energy infrastructure?

DTE Energy plans to balance affordability with investments by keeping bill increases below the rate of inflation while investing in infrastructure improvements. This approach aims to maintain affordability for customers while enhancing the reliability and cleanliness of energy services.

What frameworks does DTE Energy use in its 2023 CleanVision Sustainability Report?

DTE Energy's 2023 CleanVision Sustainability Report is supported by standard frameworks including the Edison Electric Institute (EEI) and American Gas Association (AGA) ESG/Sustainability templates, the Global Reporting Initiative (GRI), the Task Force on Climate-related Financial Disclosures (TCFD), and Sustainable Accounting Standards Board (SASB).

What specific commitment has DTE Energy made regarding power outages in its 2023 report?

In its 2023 CleanVision Sustainability Report, DTE Energy has committed to reducing power outages by 30% and cutting system outage duration in half over the next five years.