DTE Energy Company
One Energy Plaza
Detroit, MI 48226
United States
313-235-4000
http://www.dteenergy.com
Sector: Utilities
Industry: Electric Utilities
Full Time Employees: 10,000
Key Executives
| Name | Title | Pay | Exercised | Age |
|---|---|---|---|---|
| Mr. Gerard M. Anderson | Chairman and Chief Exec. Officer | 3.94M | 3.19M | 58 |
| Mr. Gerardo Norcia | Pres and Chief Operating Officer | 1.58M | N/A | 54 |
| Mr. Peter B. Oleksiak | Chief Financial Officer and Sr. VP | 1.17M | N/A | 51 |
| Mr. David E. Meador | Vice Chairman and Chief Admin. Officer | 1.64M | N/A | 60 |
| Mr. Steven E. Kurmas | Vice Chairman | 1.53M | N/A | 61 |
Description
DTE Energy Company engages in the utility operations. The companys Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 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 690 distribution substations and 438,000 line transformers. Its Gas segment engages in the purchase, storage, transportation, distribution, and sale of natural gas to approximately 1.3 million residential, commercial, and industrial customers in Michigan, as well as the sale of storage and transportation capacity. This segment has approximately 19,000 miles of distribution mains; 1,149,000 service pipelines; and 1,297,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. The companys Gas Storage and Pipelines segment owns natural gas storage fields, and lateral and gathering pipeline systems, as well as has ownership interests in 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, steam, chilled water, and wastewater treatment services, as well as supplies compressed air to industrial customers. This segment also owns and operates 4 renewable generating plants with a capacity of 191 MWs; and 11 reduced emissions fuel facilities, as well as develops landfill gas recovery systems. The companys Energy Trading segment engages in power and gas marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. DTE Energy Company was founded in 1903 and is based in Detroit, Michigan.
Corporate Governance
DTE Energy Company’s ISS Governance QualityScore as of September 1, 2017 is 2. The pillar scores are Audit: 1; Board: 6; Shareholder Rights: 4; Compensation: 2.
