DTEEnergy.com Learn about form working in energy sector of Detroit
DTE Energy
Incorporated in the year 1995, DTE Energy Co. based in Detroit, Michigan is a diversified energy company. The company is one of the leading champions in the developing and managing energy-related businesses and services nationwide. Detroit Edison is the DTE Energy's largest operating subsidiaries. This is an investor-owned electric utility serving about 2.1 million customers in Southeastern Michigan. In addition to this, Michigan Consolidated Gas Co, a natural gas utility is serving over 1.2 million customers in Michigan. The name of the company ‘DTE’ is derived from the stock symbol for Detroit Edison, DTE.
History
Though the company was incorporated in the year 1903, the history of DTE Edison dates back to 1886. From 1886, the company was supplying alternating current (AC) electricity for incandescent lighting to homes and offices at some parts of the Detroit city under the name Edison Illuminating Company of Detroit. In 1903, these companies came together to form Detroit Edison. The other company called Peninsular Electric Light Company was incorporated in 1891 and was operating the city's streetlights. These two were the major predecessor of DTE Energy and later companies like Brush Electric Light Company, Fort Wayne Electric Company, Commercial Electric Light Company, and Detroit Electric Light and Power Company were acquired. In 1903, a group of leaders purchased all the securities of Edison Illuminating and Peninsular Electric. Eventually, they organized all these companies under the name of Detroit Edison, which was incorporated in the state of New York. In a matter of three years, the company could produce about 15, 000 kW electricity through its power plants. Before 1917, DTE had three additional units that could produce 20,000 kW each. The company involved itself in the formation of Enrico Fermi Atomic Power Plant in the year 1963. This was owned and operated by 34 companies known as the Power Reactor Development Company (PRDC) of which DTE Energy was one of the principal members. After the decommissioning of this plant due to damage, the commercial operation of Fermi 2 began in 1988 with a generation capacity of 1.1 million kilowatts.
Profile
DTE Energy is a publicly traded company with over 11,410 employees. The annual sales of the company are over $9, 9022 millions, with a net income of $433.0 millions. The major businesses of DTE Energy can be dealt under two segments namely Electric/Gas Utilities and non-utility businesses.
Electric/Gas Utilities
The largest operating subsidiaries of the company are Detroit Edison and Michigan Consolidated Gas Co. (MichCon). In southeastern Michigan, Detroit Edison generates, and distributes electricity to over 2.2 million customers. With a capacity to produce about 11,080 megawatt power, the company produces electricity using coal, nuclear fuel, natural gas and hydroelectric among the largest in the nation. MichCon is involved in the distribution and sale of natural gas to over 1.3 million customers in Michigan. The company has around 271 storage facilities, which is about 34 percent of the underground working capacity in Michigan. MichCon was founded in 1849 and is one of the nation's largest natural gas utilities.
Non-Utility Businesses
The company is the largest marketer and transporter of coal to third-party customers in North America being one of the leading owners of gas storage and pipelines nationwide. Unlike the conventional sources of sandstone and carbonate rock formations, the company adopts an unconventional method of producing gas from challenging source rock, like shale and coal seams, as opposed to common (conventional) sandstone and carbonate rock formations, which is becoming a critical need in the supply of domestic energy. The company’s services provide private, utility-like services for a group of select energy-intensive industries. The various services of the company in this regard are on-site energy projects, industrial scale generation/cogeneration and biomass projects. DTE Energy Trading markets coal and emission credits, electric power and natural gas.
In addition to this, DTE Energy Ventures identifies and develops emerging energy technologies.
Official Website
DTEEnergy.com offers a fair overview of the products and services of the company. To know more about the history, corporate information and business profile, the other sites listed under references and additional readings may be consulted.
Languages
English
Address
- 2000 2nd Ave, 749 Go
- Detroit MI 48226 US
Contact
- DTE Energy
-
- +1 313 235 8620
Additional Information
Related Domains
External Links
- Stock: DTE
- Alexa: DtEEnergy.com
- Institutional Risk Analytics
- Yahoo Biz
- Reuters.com
- Adobe.com
