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    DTE Energy Company (DTE)

    80.17 Up 0.29(0.36%) Nov 27, 1:04PM EST
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    DTE Energy Company
    One Energy Plaza
    Detroit, MI 48226
    United States - Map
    Phone: 313-235-4000
    Website: http://www.dteenergy.com

    Index Membership:N/A
    Industry:Electric Utilities
    Full Time Employees:10,000

    Business Summary 

    DTE Energy Company operates in the utility operations. The company’s Electric segment engages in the generation, purchase, distribution, and sale of electricity to approximately 2.1 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets. This segment owns and operates approximately 675 distribution substations; and approximately 432,900 line transformers. Its Gas segment is involved in the purchase, storage, transportation, distribution, and sale of natural gas to approximately 1.2 million residential, commercial, and industrial customers in Michigan, as well as in the sale of storage and transportation capacity. This segment has approximately 19,000 miles of distribution mains, 1,162,000 service pipelines, and 1,313,000 active meters; and owns approximately 2,000 miles of transmission pipelines. The company’s Gas Storage and Pipelines segment controls two natural gas storage fields, and intrastate lateral and intrastate gathering pipeline systems, as well as has ownership interests in two interstate pipelines serving the Midwest, Ontario, and northeast markets. Its Power and Industrial Projects segment provides metallurgical coke; pulverized coal and petroleum coke to the steel, pulp and paper, and other industries; and power generation, steam production, chilled water production, wastewater treatment, and compressed air supply to industrial customers. It also owns and operates 5 renewable generating plants with a capacity of 228 MWs; and 9 reduced emissions fuel facilities. The company’s Energy Trading segment focuses on physical and financial power, gas, and coal marketing and trading; structured transactions; and optimization of contracted natural gas pipeline transportation and storage, and generating capacity positions. DTE Energy Company was founded in 1995 and is based in Detroit, Michigan.

    Key Statistics

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    Corporate Governance 
    DTE Energy Company’s ISS Governance QuickScore as of Nov 1, 2015 is 5. The pillar scores are Audit: 2; Board: 2; Shareholder Rights: 5; Compensation: 6.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
    Mr. Gerard M. Anderson , 56
    Chairman, Chief Exec. Officer, Chairman of Internal Risk Management Committee and Group Pres of Energy Resources
    Mr. Steven E. Kurmas , 59
    Pres and Chief Operating Officer
    Mr. Peter B. Oleksiak , 49
    Chief Financial Officer, Sr. VP and Member of Internal Risk Management Committee
    Mr. David E. Meador , 58
    Vice Chairman, Chief Admin. Officer and Member of Internal Risk Management Committee
    Mr. Gerardo Norcia , 52
    Group Pres, Pres of DTE Electric & Gas & Storage Pipelines and Chief Operating Officer of DTE Electric & Gas & Storage Pipelines
    Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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