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) announced the promotion of Andy Coulouris to vice president of Corporate and Government Affairs, succeeding Renze Hoeksema who will retire at the end of 2022. Coulouris has been with DTE since 2016 and has extensive experience in energy policy. He aims to enhance collaboration with local leaders while promoting DTE's CleanVision Integrated Resource Plan, which includes a $9 billion investment in Michigan's economy and the development of over 15,000 MW of renewable energy. The company's goal is to achieve net zero carbon emissions by 2050.
DTE Energy declared a dividend of $0.9525 per share on its common stock, payable on January 15, 2023, to shareholders of record by December 19, 2022. This continues DTE's century-long history of issuing cash dividends. Recently, DTE proposed a $9 billion investment in renewable energy in Michigan, expected to create 25,000 jobs and save $1.4 billion in clean energy transition costs. The company aims to reduce carbon emissions by 50% by 2028, 90% by 2040, and achieve net-zero emissions by 2050.
DTE Energy Foundation has awarded $1.26 million in grants to 10 Detroit-area organizations aimed at fostering economic prosperity and community transformation. The grants support diverse initiatives such as job development, small business growth, and immigrant services. Notable recipients include ACCESS ($300,000), Detroit Economic Growth Corporation ($200,000), and Downtown Detroit Partnership ($500,000) for events like the Detroit Tree Lighting Ceremony. This funding reflects the Foundation's commitment to inclusivity and community vitality across Southeast Michigan.
DTE Energy has unveiled its CleanVision plan, a comprehensive 20-year strategy to transition to renewable energy sources. Key highlights include achieving 85% CO2 emissions reductions by 2035 and generating enough solar and wind energy to power about 4 million homes. The plan will see a $9 billion investment in Michigan, creating over 25,000 jobs, while also proposing the retirement of coal plants by 2035. The initiative promises a $1.4 billion reduction in clean energy transition costs and aims for net-zero carbon emissions by 2050.
DTE Foundation enhances support for domestic violence victims
On October 27, 2022, the DTE Energy Foundation announced an additional $420,000 in grants to 45 Michigan-based domestic violence shelters, elevating total funding over four years to more than $2.2 million. This funding aims to aid shelters in providing essential services such as housing, healthcare, and legal support for survivors. DTE also contributed by creating 2,400 hygiene kits for shelters, emphasizing its commitment to community welfare amidst increasing domestic violence needs.
DTE Energy announced the addition of 650 megawatts of solar energy in Michigan, enhancing its renewable energy portfolio. The company reported third quarter earnings of $387 million, or $1.99 per diluted share, down from $334 million, or $1.72 per diluted share, year-over-year. Key initiatives include a partnership with Ford for renewable energy, the arrival of Our Next Energy Inc. bringing 2,000 jobs, and the launch of the Detroit Tree Equity Partnership aimed at urban greening. DTE Energy reaffirms its 2022 operating EPS guidance of $5.90 - $6.10.
DTE Energy has announced that 7-Eleven will achieve 100% renewable energy for its 160 southeast Michigan locations through DTE's MIGreenPower program, starting in 2025. This initiative will reduce carbon dioxide emissions by over 15,000 tons annually, equivalent to removing nearly 3,000 gasoline cars from the road. 7-Eleven previously met its 20% CO2 reduction goal ahead of schedule, now aiming for a 50% reduction by 2030. DTE continues to expand its renewable energy portfolio, which supports its leadership in Michigan's clean energy transition.
DTE Energy will report its third quarter 2022 earnings on October 27, 2022, before market opening.
A conference call will follow at 8:30 a.m. ET to discuss the results. Interested parties can listen live via internet broadcast at dteenergy.com/investors.
DTE Energy has announced a significant $10 million donation to five non-profit organizations in Michigan to assist residents facing financial hardships with their energy bills. This initiative aims to support the elderly, unemployed, and disabled individuals in the state. Recipients of the funding include United Way for Southeastern MI ($4 million) and The Salvation Army ($2 million). Since 2016, DTE has contributed over $50 million to similar programs, demonstrating a commitment to help customers maintain energy access, particularly during challenging times.
