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. About 60% of revenues are from nonutility operations. 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 power plant by 2028 and at its Monroe power plant by 2040. 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.
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