DTE ENERGY

 DTE Energy is a diversified energy company based in Detroit, Michigan, USA. It is involved in the generation, distribution, and sale of electricity and natural gas to residential, commercial, and industrial customers in Michigan. The company's electric utility, DTE Electric, serves 2.2 million customers in southeastern Michigan, while its natural gas utility, DTE Gas, serves 1.3 million customers throughout Michigan.

In addition to its regulated utilities, DTE Energy also operates non-utility businesses in areas such as natural gas pipelines, energy trading, and energy consulting. The company is committed to reducing its carbon emissions and has set a goal of achieving net-zero carbon emissions by 2050.

As of 2021, DTE Energy had approximately 10,000 employees and a market capitalization of around $26 billion

History:

DTE Energy was formed in 1995 through the merger of Detroit Edison and Michigan Consolidated Gas Company. Detroit Edison was established in 1903 and was primarily focused on generating and distributing electricity. Michigan Consolidated Gas Company, which was founded in 1849, was a natural gas utility serving customers in Michigan.

Operations:

DTE Energy's electric utility, DTE Electric, operates a diverse mix of power plants, including coal, natural gas, nuclear, and renewable energy sources. The company has made significant investments in renewable energy in recent years and has a goal of achieving 50% renewable energy by 2030.

DTE Gas operates one of the largest natural gas distribution systems in the United States, with over 19,000 miles of gas mains and pipelines. The company also owns and operates natural gas storage facilities and pipelines that transport natural gas to other regions of the country.

In addition to its regulated utilities, DTE Energy operates a number of non-utility businesses, including:

DTE Biomass Energy: Develops and operates biomass energy projects that convert waste materials into energy.

DTE Midstream: Operates natural gas pipelines and storage facilities in the Appalachian Basin.

DTE Energy Trading: Buys and sells energy commodities and manages risk associated with energy market fluctuations.

DTE Energy Services: Provides energy management and consulting services to commercial and industrial customers.

Corporate Social Responsibility:

DTE Energy is committed to environmental sustainability and has set a goal of achieving net-zero carbon emissions by 2050. The company has made significant investments in renewable energy, including wind and solar projects, and has retired several coal-fired power plants. DTE Energy also supports a number of community initiatives, including education, workforce development, and environmental conservation. The company has been recognized for its commitment to sustainability by a number of organizations, including the Dow Jones Sustainability Index and the CDP (formerly known as the Carbon Disclosure Project).