Detailed Overview of DTE’s Inter-Linked Energy Business Portfolio
- Detroit Edison, the nation’s 7th largest electric utility and MichCon, the nation’s 10th largest gas utility, team up to serve over 3.3 million customers in the state of Michigan
- Merchant Generation - “resisted” temptation to go long turbines now paying off! We are seeing real opportunities
- Energy Trading group enters its 5th year of consistent profit growth with some really exciting tools:
- ᡄ,000 MW of Detroit Edison and other owned capacity under management
- Largest 3rd party shipper of coal in U.S. Particularly strong: “clean” western coal
- Large gas storage capability (175 Bcf)
- Ownership in 2 new major interstate P/L - Vector and Portland + many P/L capacity contracts
- D.G./Energy Technology business
- Market and distribute a portfolio of DG (Fuel cells – micro-turbines)
- Invest venture capital in new energy technologies
- DTE has over $19 billion in real assets, over $9 billion in revenues, ~$540 million in net income, and market cap of $7.5 billion