Detroit Edison

DTE Electric Company (formerly The Detroit Edison Company), founded in 1903, is an investor-owned electric utility which serves most of Southeast Michigan. Its parent company, DTE Energy (: DTE), provides energy services to a variety of clients beyond the DTE Electric Company's service area.

Detroit Edison was part of a large holding company called North American Edison Company. North American's stock had once been one of the twelve component stocks of the May 1896 original Dow Jones Industrial Average. North American Company was broken up by the Securities and Exchange Commission, following the United States Supreme Court decision of April 1, 1946.

After that Detroit Edison operated independently, and publicly traded on the New York Stock Exchange, under the ticker symbol DTE through the mid-1990s. In early 1996, it became an operating subsidiary of the new holding company, DTE Energy Company, which replaced Detroit Edison Company on the stock exchange, and took over the trading ticker symbol.

The utility operates eleven fossil-fuel generating plants, as well as the Enrico Fermi Nuclear Generating Station. The company is co-owner, with Consumers Energy, of the Ludington Pumped Storage Power Plant, a hydroelectric pumped storage facility in Ludington, Michigan. DTE uses fossil fuels (mainly coal) to generate 80-85 percent of its total electrical output, with the bulk of the remainder coming from nuclear power.

At 3,300 MW, DTE's Monroe Power Plant has the third largest generating capacity of any coal-fired power plant in North America. Only Georgia Power's Plant Bowen located near Atlanta, Georgia and Ontario Power Generation's Nanticoke Generating Station in Canada have more generating capacity.

...
Wikipedia