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DTE Energy Company (DTE)

77.36 Up 0.12(0.16%) 4:03PM EDT
|After Hours : 77.36 0.00 (0.00%) 4:26PM EDT
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DTE Energy Company
One Energy Plaza
Detroit, MI 48226
United States - Map
Phone: 313-235-4000

Index Membership:N/A
Industry:Electric Utilities
Full Time Employees:9,900

Business Summary 

DTE Energy Company, together with its subsidiaries, operates as an energy company. The company’s Electric segment is engaged 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 from fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets. This segment owns and operates approximately 669 distribution substations; and approximately 428,600 line transformers. Its Gas segment is involved in the purchase, storage, transportation, distribution, and sale of natural gas, as well as the sale of storage and transportation capacity. This segment has approximately 19,000 miles of distribution mains, approximately 1,162,000 service pipelines, and approximately 1,311,000 active meters; and owns approximately 2,000 miles of transmission pipelines. This segment supplies natural gas to approximately 1.2 million residential, commercial, and industrial customers throughout Michigan, as well as to approximately 17,000 customers in Adrian, Michigan. 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 consists of steel and petroleum coke, onsite energy, wholesale power and renewables, and reduced emissions fuel projects. The company’s Energy Trading segment is engaged in 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 headquartered in Detroit, Michigan.

Key Statistics

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Corporate Governance 
DTE Energy Company’s ISS Governance QuickScore as of Aug 1, 2014 is 3. The pillar scores are Audit: 1; Board: 4; Shareholder Rights: 2; Compensation: 5.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Gerard M. Anderson , 55
Chairman, Chief Exec. Officer, Group Pres of Energy Resources and Chairman of Internal Risk Management Committee
Mr. Steven E. Kurmas , 58
Pres and Chief Operating Officer
Mr. David E. Meador , 57
Chief Admin. Officer, Vice Chairman and Member of Internal Risk Management Committee
Mr. Bruce D. Peterson , 57
Sr. VP, Gen. Counsel and Member of Internal Risk Management Committee
Mr. Gerardo Norcia , 51
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, 2013 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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