The company will conduct a conference call to discuss earnings results at 8:30 a.m. ET the same day. For further information, analysts may call: Matt Krupinski, DTE Energy: 313.235.6649 John Dermody, DTE Energy: 313.235.8750 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 comp ...

Detroit, June 20, 2024 (GLOBE NEWSWIRE) -- (NYSE: DTE) — The DTE Energy Board of Directors declared a $1.02 per share dividend on its common stock payable Oct. 15, 2024, to shareholders of record at the close of business Sept. 16, 2024. About DTE Energy For more information, members of the media may contact: Dan Miner, DTE Energy: 313.235.5555 DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. I ...

DTE Energy Company (DTE) has revealed that it is set to construct a 220-megawatt (MW) battery energy storage complex at the site of its former coal power plant in Trenton Channel, MI. This should expand DTE's footprint in the rapidly expanding energy storage market. Benefits of the Project Almost 40,000 houses will be powered by 880 megawatt-hours of electricity that the new Trenton Channel Energy Center is expected to store. This, in turn, will put DTE a step ahead of achieving its target of more than doub ...

Detroit, June 10, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE), Michigan's largest producer of renewable energy, will also become a leader in battery storage as it converts a portion of its retired Trenton Channel coal power plant site to house a 220-megawatt battery energy storage center. When complete in 2026, the energy storage center is expected to be the largest standalone battery energy storage project in the Great Lakes region. "Today, roughly one-third of all electricity generated by DTE comes fro ...

Core Insights - DTE Energy is transforming the retired Trenton Channel coal power plant site into a 220-megawatt battery energy storage center, expected to be the largest in the Great Lakes region upon completion in 2026 [1][4] - The new energy center aligns with DTE's CleanVision Integrated Resource Plan and Michigan's energy storage targets, supporting the company's net zero carbon reduction goals [2][3] - The project is significantly funded by $140 million in tax incentives from the 2022 federal Inflation Reduction Act, facilitating a cleaner energy future for Michigan [3] Company Developments - The Trenton Channel Energy Center will store 220 megawatts (880 megawatt hours) of electricity, enough to power nearly 40,000 homes, and is a step towards DTE's goal of doubling its energy storage capacity by 2042 [4] - DTE's commitment to renewable energy is underscored by the fact that approximately one-third of its electricity generation comes from carbon-free resources [3] - The project is expected to enhance grid reliability, reduce generation fluctuations, and support DTE's growing renewable generation fleet, benefiting over 2 million customers [2][7] Community Impact - The transformation of the Trenton site is seen as a positive development for the local community, providing additional tax revenue for local projects such as roads and schools [6] - DTE's initiatives are supported by state leadership, emphasizing job creation, lower energy costs, and environmental protection [5] - The project reflects DTE's ongoing commitment to integrating new technology and renewable energy solutions in Michigan [6]

Core Insights - DTE Energy has successfully launched and expanded its Energy Efficiency Academy, aimed at developing a skilled workforce in the clean energy sector and addressing the demand for energy-efficient home repairs in Detroit [3][5]. Group 1: Program Overview - The Energy Efficiency Academy was established in partnership with Walker-Miller Energy Services to respond to the growing demand for energy-efficient home repairs in Detroit [3]. - The program has achieved a 94% average pass rate across three key certifications: Building Science, Building Analyst, and Healthy Home Evaluator [4]. - Seventy-five percent of the 2023 program participants have secured full-time employment with wages up to $30 per hour, significantly above the state's minimum wage [4]. Group 2: Expansion and Future Plans - DTE Energy announced the continuation and expansion of the Energy Efficiency Academy with larger cohorts in Detroit and a new advanced training program starting in August in the Grand Rapids area [2]. - The spring cohort of the Academy kicked off with the intention of increasing reach and impact within communities facing the highest energy burdens [3]. Group 3: Community Impact and Recognition - DTE Energy has been recognized as a Top 5 Utility by the American Council for an Energy-Efficient Economy (ACEEE) for its leadership in energy equity and designing programs that support underserved communities [5]. - The Academy aims to provide well-paid opportunities that empower customers to save energy while fostering thriving communities [5].

Detroit, May 20, 2024 (GLOBE NEWSWIRE) -- For Demetria Tucker, transitioning into the clean energy career field was a leap of faith. She hoped to secure a better-paying job to support herself and her family, with future growth opportunities and advanced training, so she joined DTE's Energy Efficiency Academy. In June of last year, Demetria graduated from the Academy and moved into a career earning wages that double the state's average. DTE was ranked a Top 5 Utility by the American Counsel for an Energy-Eff ...

Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years. DTE currently has a forward P/E ratio of 17.44, while SO has a forward P/E of 19.87. We also note that DTE has a PEG ratio of 2.91. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio ...

1xpert/iStock via Getty Images DTE Energy (NYSE:DTE) is the largest utility in the State of Michigan, incorporated in 1995. Its four wholly-owned subsidiaries are DTE Electric (founded in 1903 as the Detroit Edison Company), DTE Gas (founded in 1849 as City of Detroit Gas), DTE Vantage, and DTE Energy Trading (started in 1998). Vantage operates renewable natural gas projects and provides energy consulting services. DTE Electric has 2.3 million customers in southeast Michigan, which includes the City of ...

Exhibit 99.1 DTE Gas Company Unaudited Consolidated Financial Statements as of and for the Three Months Ended March 31, 2024 TABLE OF CONTENTS | | Page | | --- | --- | | Definitions | 1 | | Consolidated Statements of Operations (Unaudited) | 2 | | Consolidated Statements of Comprehensive Income (Unaudited) | 3 | | Consolidated Statements of Financial Position (Unaudited) | 4 | | Consolidated Statements of Cash Flows (Unaudited) | 6 | | Consolidated Statements of Changes in Shareholder's Equity (Unaudited) | ...