DTE Energy Co - Company Profile
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Business Description
DTE Energy Co (DTE Energy) is an energy utility, which develops and manages energy-related businesses and services. It generates, procures, transmits, distributes and sells electricity; procures, stores, transports, distributes and sells natural gas to residential, commercial, and industrial customers.
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Business Segments
Overview
Generates, purchases, distributes and sells electricity. It serves residential, commercial, and industrial customers. -Produces power using steam, natural gas, oil, nuclear, hydro, wind and solar sources. -Operates through DTE Electric. Considers meeting customers' energy needs in a cost effective manner by investing in coal, nuclear, natural gas fueled combined cycle and renewable energy generation facilities, and enhancing the operational reliability of its supply network as major strategies. In 2022, the segment incurred a capital expenditure of US$2,620 million which declined 13.13% YoY.
Performance
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Overview
Purchases, stores, transports, distributes and sells natural gas. It serves residential, commercial and industrial customers. -Sells storage and transportation capacity to gas producers, distribution companies, marketers, end-users and other pipeline companies. -Through contracts with producers and marketers, it supplies natural gas in the open market. -It is connected to interstate pipelines, which provides access to the major natural gas supply producing regions in the Appalachian, Gulf Coast, Mid-Continent and Canadian regions. -Operates through DTE Gas. Views assuring safe, reliable and cost effective delivery of natural gas; extension of its distribution system to underserved markets and increased use of natural gas furnaces, water heaters and appliances in its current customer base; and reduction of operating costs and the delivery of energy waste reduction products and services to its customers as major strategies. In 2022, the segment incurred a capital expenditure of US$693 which grew 11.6% YoY.
Performance
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Overview
Delivers energy and utility-type products and services. It serves industrial, commercial and institutional customers. -Produces reduced emissions fuel and sells electricity and pipeline-quality gas from renewable energy projects. -Also provides services using project assets situated on or near customers' premises in the automotive, steel, airport, chemical, pulp and paper, and other industries. -Service offerings in industrial energy: Produces metallurgical coke from a coke battery with a capacity of 1 million tons per year and investments in a coke battery with capacity of 1.2 million tons per year; and provides pulverized coal and petroleum coke to the steel, pulp and paper, and other industries. Provides power generation, steam production, wastewater treatment, chilled water production, and compressed air supply to industrial customers, and utility-type services using project assets on or near customers' premises in the automotive, airport, chemical, and other industries. -Has interests in 10 constructed and in service REF facilities at seven third-party owned coal-fired power plants. Views reinforcing experience in energy-related operations and project management capabilities to develop and grow its steel, on-site energy and renewable energy businesses, and optimize REF businesses as major strategies. In 2022, the segment incurred a capital expenditure of US$62 million which declined 10.14% YoY.
Performance
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Overview
Markets and trades physical and financial power, natural gas and environmental products, and optimizes contracted natural gas pipeline transportation and storage. It serves utilities, producers and generators, local distribution companies, pipelines, and other marketing and trading companies. -Provides commodity risk management services to its sister companies in the group. -Also manages associated storage and transportation contracts associated with natural gas, power, environmental and related services. -Uses forwards, futures, options and swap agreements to manage market price exposure risks and volume fluctuations. Considers delivering value-added services to DTE Energy customers, and physical marketing and optimization of its portfolio of energy assets as major strategies. In 2022, the segment incurred a capital expenditure of US$3 million which declined 50% YoY.
Performance
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