DTE inks first data center deal to grow electric load 25%

Core Insights - DTE Energy has signed a 1.4 GW agreement to serve a hyperscale data center, with potential for an additional 7 GW of load in the future, indicating significant growth in demand for energy from data centers [3][4][5] - The company plans to invest $30 billion in generation, distribution, and infrastructure from 2026 to 2030, reflecting a strategic focus on modernization and capacity expansion [2][6] - DTE expects to add 12 GW of new generation capacity from 2026 to 2032, which will include batteries, renewables, and gas [3][6] Investment and Growth Plans - The 1.4 GW data center contract will increase DTE's electric load by 25%, showcasing the impact of large-scale data center agreements on utility demand [5] - DTE's updated capital plan includes an additional $6 billion, with expectations of 6% to 8% operating earnings per share growth through 2030 [6][7] - The company is in late-stage negotiations for an additional 3 GW of data center load, which could further enhance its capital investment strategy [5][6]