DTE Energy Co. Preferred Stock 4.375% Due 10/15/2080 (DTB)

Overview

DTE Energy Co. is a diversified energy company known for the development and management of energy-related businesses and services. It was founded in January 1995 and has its headquarters in Detroit, Michigan. The company's operations spread across multiple segments including Electric, Gas, DTE Vantage, Energy Trading, and Corporate and Other. Each of these segments plays a crucial role in fulfilling the company's mission to provide energy solutions to a wide range of customers including residential, commercial, and industrial sectors in southeastern Michigan and beyond. DTE Energy places a strong emphasis on sustainability and innovation, navigating the complexities of the energy market with a balanced approach to growth and environmental stewardship.

Products and Services

List and explanation of each product or service:

• Electric: This segment focuses on the generation, purchase, distribution, and sale of electricity. It serves residential, commercial, and industrial customers primarily in southeastern Michigan. This includes not only the generation of power through various means but also ensuring a reliable distribution network to meet customer needs effectively.
• Gas: In this area, DTE Energy is involved in the purchase, storage, transportation, distribution, and sale of natural gas. It caters to a broad customer base that includes residential, commercial, and industrial users across Michigan. This segment also deals with the sale of storage and transportation capacity, highlighting the company's role in ensuring natural gas accessibility and reliability.
• DTE Vantage: This segment is dedicated to delivering energy and utility-type products and services to industrial, commercial, and institutional customers. It emphasizes projects that not only provide energy solutions but also produce reduced emissions fuel. Moreover, it involves selling electricity and pipeline-quality gas from renewable energy projects, aligning with sustainability goals.
• Energy Trading: DTE Energy's expertise extends to energy marketing and trading operations. This segment focuses on the trading and management of energy commodities, leveraging market opportunities to support the company's financial health and stability.
• Corporate and Other: This encompasses a variety of holding company activities, including the management of non-utility debt and investments. Additionally, it supports funds aimed at regional development and economic growth, underscoring DTE Energy's commitment to community engagement and development.