DTE Energy is a Detroit-based diversified energy company. Its operating units include Detroit Edison, an electric utility serving 2.3 million customers in Southeastern Michigan; MichCon, a natural gas utility serving 1.3 million customers in Michigan; and other nonutility energy businesses focused on power and industrial projects, fuel transportation, and marketing. In July 2021, DTE completed the spinoff of its midstream gas pipeline operations. Utility revenues account for about 58% of current total revenue. DTE's fuel mix is approximately 40% coal, 20% nuclear, and 22% natural gas, with the remainder from other sources. The company is expanding its use of renewable fuels. It is more reliant on coal than some peers, but is planning to stop using coal at its Belle River plant by 2028 and at its Monroe plant by 2040. DTE retired the Trenton Channel and St. Clair coal power plants in 2022. It is also targeting net-zero carbon emissions by 2050. This follows its previously announced commitments to reduce carbon emissions by 50% by 2030 and 80% by 2040. The company's market cap is $23 billion.

Stocks were mixed on Wednesday intraday as investors await new inflation data. Tomorrow, retail sales and PPI releases will be closely watched to gauge consumer spending and for another read on inflation. The Dow rose 0.4%, while the S&P 500 was down 0.1%, and the Nasdaq lost 0.5%. Crude oil traded above $79 per barrel, while gold rose $15 to $2172 per ounce.

DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.

DTE Energy is a Detroit-based diversified energy company. Its operating units include Detroit Edison, an electric utility serving 2.3 million customers in Southeastern Michigan; MichCon, a natural gas utility serving 1.3 million customers in Michigan; and other nonutility energy businesses focused on power and industrial projects, fuel transportation, and marketing. Utility revenues account for about half of DTE's 60% of current total revenue. In July 2021, DTE completed the spinoff of its midstream gas pipeline operations. DTE's fuel mix is approximately 40% coal, 20% nuclear, and 22% natural gas, with the remainder from other sources. The company is expanding its use of renewable fuels. It is more reliant on coal than some peers, but is planning to stop using coal at its Belle River plant by 2028 and at its Monroe plant by 2040. DTE retired the Trenton Channel and St. Clair coal power plants in 2022. It is also targeting net-zero carbon emissions by 2050. This follows its previously announced commitments to reduce carbon emissions by 50% by 2030 and 80% by 2040.