DTE Energy is a diversified energy company based in Detroit, operating in the United States and Canada. It primarily focuses on energy-related businesses and services. Its main operating units consist of an electric utility serving approximately 2.2 million customers and a natural gas utility serving around 1.3 million customers, both located in Michigan.
In 1903, the two companies merged as the Detroit Edison Company, and the company began trading on January 17. In 1903, construction began on the Delray 1 Power Plant, and Henry Ford founded Ford Motor Company.
In 1908, the Delray 2 Power Plant was added due to the increased demand for electricity.
In 1924, Detroit Edison increased its production capacity by building the Marysville power plant.
In 1929, Detroit Edison increased its production capacity by building the Trenton Channel and Delray 3 power plants.
Detroit Edison added the St. Clair Power Plant in 1954, which was one of the largest power plants in the world at the time.
In 1956, Detroit Edison broke ground for the Enrico Fermi Power Plant and also began work on the River Rouge Power Plant.
In 1970, construction started on the Fermi 2 nuclear plant.
From 1971-74, Monroe Power Plant Units 1-4 came online.
Construction began in 1972 on the Greenwood Energy Center, which was the company's first inland plant designed for both oil and nuclear-fueled generating units.
The Ludington Pumped Storage Plant, co-owned by Detroit Edison and Consumers Power Company, went into service in 1973.
In 1981, MichCon became a wholly owned subsidiary of Primark Corp.
In 1983, Detroit Edison sought to sell its engineering expertise through the creation of Utility Technical Services, later called SYNDECO — Detroit Edison's first subsidiary business.
Supporting the new marketing push and increasing customer demand was Belle River Unit 1, which went online in 1984.
Supporting the new marketing push and increasing customer demand was Belle River Unit 2, which went online in 1985.
In 1986, the Detroit Edison Foundation was formed to manage the company's charitable giving programs and volunteer efforts that had grown over the years.
In 1988, Primark spun-off MichCon, and the MCN Corp. was established as the parent company of MichCon.
In 1988, the Fermi 2 unit was licensed and went online. The company also founded what is now DTE Biomass Energy to begin collecting methane gas from landfills for use in energy production.
In January 1996, Detroit Edison reorganized as a holding company named DTE Energy. The ticker symbol "DTE" was selected because it was the existing stock ticker symbol for Detroit Edison.
In 1996, Detroit Edison was reorganized as a holding company and renamed DTE Energy. The ticker symbol "DTE" was chosen because it was already in use by Detroit Edison.
On May 31, 2001, DTE Energy and MCN Energy Group completed a merger which created Michigan's largest energy company. MichCon became an operating company of DTE Energy.
In 2007, DTE Energy began acquiring wind development rights on more than 100,000 acres of land in the Thumb area.
In December 2012, the first DTE Energy-owned and constructed wind parks were commissioned, with two located in Huron County and one in Sanilac County.
On October 27, 2020, DTE announced its plan to spin off DTE Midstream into an independent, publicly traded business called DT Midstream.
In 2020, 32.62% of DTE Electric's power generation came from renewable and nuclear generation, while 67.13% came from coal, gas, and oil.
On July 1, 2021, DT Midstream successfully spun off.
According to a statement released by the White House on Nov 18, 2021, DTE Energy participated in the American Rescue Plan by committing to help customers during the COVID-19 pandemic, by proactively using resources.
As of 2022, DTE's electricity generation was comprised of 54.16% from coal, 18.16% from nuclear, 14.22% from natural gas, and 13.11% from renewable energy sources including wind, solar, and hydroelectric power.
On January 16, 2025, DTE Gas and DTE Electric received a total of $8.81 billion in conditional commitments for loan guarantees through the US Department of Energy's Loan Programs Office that would be used to install thousands of megawatts of renewable energy generation and storage.
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