DTE Energy Co Pref Series E (DTW)

DTE Energy Company runs utility businesses. Its Electric segment produces, buys, distributes and sells power to about 2.2 million homes and businesses in southeastern Michigan. Power comes from fossil-fuel, hydroelectric pumped storage and nuclear plants, as well as wind and other renewables. The segment has about 692 distribution substations and 440,500 line transformers.

The Gas segment buys, stores, moves, distributes and sells natural gas to about 1.3 million Michigan customers and sells storage and transportation capacity. It has about 19,500 miles of distribution mains, 1,216,000 service pipelines, 1,262,000 active meters and about 2,000 miles of transmission pipelines.

The Gas Storage and Pipelines segment owns storage fields, lateral and gathering lines, and compression and surface facilities, and holds stakes in interstate pipelines serving the Midwest, Ontario and the Northeast. The Power and Industrial Projects segment supplies metallurgical coke, pulverized coal and petroleum coke to steel, pulp and paper and other industries, and provides power, steam, chilled water, wastewater treatment and compressed air.

That segment also runs 5 renewable plants with 217 MW of capacity, 21 landfill gas recovery sites and 11 reduced emissions fuel facilities. The Energy Trading segment markets and trades power and gas, handles structured deals, and optimizes contracted pipeline and storage positions. DTE Energy was founded in 1903 and is based in Detroit, Michigan.