DTE Energy Company (DTE)

107.04 -1.23 (-1.13%) At close: 04:04PM EDT

DTE Energy Company

One Energy Plaza
Detroit, MI 48226-1279
United States
313 235 4000
https://newlook.dteenergy.com

Sector(s): Utilities
Industry: Utilities—Regulated Electric
Full-time employees: 10,250

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Gerardo Norcia	Pres, CEO & Chairman	3.53M	N/A	1963
Mr. David Ruud	Sr. VP & CFO	1.27M	N/A	1966
Mr. Trevor F. Lauer	Pres & COO of DTE Electric Company	1.2M	N/A	1964
Mr. Mark W. Stiers	Pres and COO of DTE Power & Industrial and Energy Trading	1.32M	N/A	1962
Ms. Angela Buk	Chief Investment Officer	N/A	N/A	N/A
Mr. Mark C. Rolling	VP, Controller & Chief Accounting Officer	N/A	N/A	1968
Mr. Steven B. Ambrose	Chief Information Officer and VP	N/A	N/A	N/A
Ms. Barbara Tuckfield	Director - Investor Relations	N/A	N/A	N/A
Ms. JoAnn Chavez	Sr. VP & Chief Legal Officer	N/A	N/A	1964
Ms. Paula Silver	Sr. VP of Corp. Communications & Public Affairs	N/A	N/A	N/A

Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates approximately 697 distribution substations and approximately 451,900 line transformers. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to approximately 1.3 million residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. This segment has approximately 21,000 miles of distribution mains; 1,352,000 service pipelines; and 1,316,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power, steam and chilled water production, and wastewater treatment services, as well as supplies compressed air to industrial customers. Its Energy Trading segment engages in power, natural gas, and environmental marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. The company was founded in 1903 and is based in Detroit, Michigan.

Corporate governance

DTE Energy Company’s ISS governance QualityScore as of 1 March 2023 is 7. The pillar scores are Audit: 8; Board: 8; Shareholder rights: 6; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.