DTE Energy Headquarters in Detroit, Michigan
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Public | |
Traded as | : DTE S&P 500 Component |
Industry | Electric and Gas Utilities |
Headquarters | Detroit, Michigan, U.S. |
Key people
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Gerard M. Anderson (Chairman, Chief Executive Officer and President) |
Revenue |
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Total assets |
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Total equity |
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Number of employees
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10,262 |
Website | www.dteenergy.com |
DTE Energy Co. is a Detroit, Michigan-based utility incorporated in 1995 involved in the development and management of energy-related businesses and services nationwide.
DTE Energy's largest operating subsidiaries are DTE Electric Company (formerly Detroit Edison), an investor-owned electric utility serving 2.1 million customers in Southeastern Michigan; and DTE Gas Company (formerly Michigan Consolidated Gas Company (MichCon)), a natural gas utility serving 1.2 million customers in Michigan. The two companies merged in 2001.
The name "DTE" is taken from the stock symbol for the former Detroit Edison, DTE.
As of 2005 DTE Energy has 22 coal-fired generating stations with 7,998 MW of capacity. Here is a list of DTE Energy's coal power plants with capacity over 100 MW:
In 2006, DTE Energy's 7 major coal-fired power plants emitted 43.3 million tons of CO
2 (0.7% of all U.S. CO2 emissions) and 214,000 tons of SO
2 (1.4% of all U.S. SO
2 emissions).
In 2016, DTE Energy retired three coal-fired generating units among its plants. In June 2016, DTE Energy said that it would close eight additional coal-fired generators at three coal plants in Michigan by the year 2023. The plants are located in River Rouge, St. Clair in East China Township and Trenton. In sum, the plants power around 900,000 homes. DTE Energy plans to replace them with renewable energy. The Detroit Free Press wrote that employees at the closing plants will be able to transfer to other facilities and will not lose their jobs.
Many of DTE Energy's coal plants were built in the 1950s and 1960s and "are nearing retirement age."