Tag: DTE Electric

DTE Energy set a net-zero carbon goal but continues to invest in gas

Michigan’s new PSC members will decide whether DTE electric customers should pay for some NEXUS gas pipeline costs

“DTE ratepayers should not be burdened with the unreasonable and unlawful costs resulting from DTE’s bad deal with its affiliate NEXUS” - Michigan Environmental Council

/ June 3, 2020

After its $2.65 billion gas asset acquisition, DTE Energy tells Wall Street there is nothing to worry about as Fitch downgrades the company

With an already troubled gas sector roiled by fallout from the coronavirus pandemic, DTE Energy is facing concerns from shareholders over the company’s growing exposure to natural gas.  DTE Midstream,...

/ April 28, 2020

Strings Attached: How utilities use charitable giving to influence politics and increase investor profits

Click to jump to the utility case studies. I. Introduction In the fall of 2017, a parade of paid actors, pretending to be concerned residents, lined up to offer public...

/ December 10, 2019

Strings Attached: How utilities use charitable giving to influence politics and increase investor profits

Download full report DTE Energy DTE Energy is a utility holding company with natural gas, electric, and pipeline business segments. The company serves 2.2 million electric customers and 1.3 million...

/ December 10, 2019

Report details utilities’ use of charitable giving to influence politics

Utilities' charitable giving a massive part of their political operations, used to manipulate support from low-income communities and communities of color.

/ December 9, 2019
DTE Energy set a net-zero carbon goal but continues to invest in gas

DTE Energy sets net-zero emissions goal by 2050 for electric subsidiary, but gas investments raise doubts about seriousness

“If you don’t have a good pathway to get there you either fail at the goal or do stupid things along the way,” a DTE executive said about utilities' net-zero...

/ September 26, 2019
Utility Executive Compensation

Michigan PSC rebuffs ALJ recommendation, allows DTE Energy to force customers to pay EEI dues

When the Michigan Public Service Commission approved a $273.3 million rate increase for DTE Electric earlier this month, renewable energy and environmental advocates were moderately satisfied. The PSC approved an...

/ May 16, 2019

DTE Energy aims to continue its gas buildout as it proposes to leave coal by 2040

DTE Energy announced a plan to retire its coal-fired power plants by 2040 on Friday, but the utility is preserving the option to build more gas-burning power plants while the...

/ April 2, 2019

Gas Continues to Drive Profits for DTE Energy as Utility Breaks Ground for New Power Plant and NEXUS Pipeline Nears Completion

Coming off of a record earnings year in which DTE Energy reported $1.134 billion in net income, the company revised its earnings guidance for analysts last month and now expects...

/ August 21, 2018