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D T E ENERGY CO H, (DTE) Stock Research Free Stock Rating
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DTE Energy Company, through its subsidiaries, provides electricity and natural gas sales and distribution services in southeastern Michigan. The company operates through three segments: Energy Resources, Energy Distribution, and Energy Gas. The Energy Resources Segment (ERS) generates electricity from fossil plants, hydroelectric pumped storage plant, and nuclear plant; purchases electricity from various electricity generators, suppliers, and wholesalers; and sells to residential, commercial, industrial, and wholesale customers in Canada. Its energy services unit includes coal-based fuels operations that produce synthetic fuel from synfuel plants and coke from coke battery plants; owns and/or operates onsite facilities, including pulverized coal injection, power generation, steam production, chilled water, wastewater treatment, and compressed air; and operates peaking and gas-fired electric generating plants. In addition, ERS involves in wholesale electric and gas marketing, and trading operations; provides fuel, transportation, and equipment management services; and develops, owns, and operates landfill gas recovery systems. The Energy Distribution Segment distributes electricity generated by ERSÂ’ power generation business and alternative energy suppliers; develops, markets, and distributes a portfolio of distributed generation products; and provides application engineering services, as well as monitors and manages system operations. The Energy Gas Segment involves in gas distribution, providing gas sales and transportation delivery services to approximately 1.2 million residential, commercial, and industrial customers in Michigan; and gas production, including natural gas exploration, development, and production, as well as has interests in interstate transmission pipeline, Vector Pipeline, 7 carbon dioxide processing facilities, and a 9.7 billion cubic feet of natural gas storage field. DTE Energy was incorporated in 1995 and is headquartered in Detroit, Michigan.
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