(DTW) DTE EnergyPref Series E - Ratings and Ratios

DTE Energy Company operates as a diversified energy provider, with a presence in the utility sector. The company's Electric segment is responsible for generating, purchasing, distributing, and selling electricity to a customer base of approximately 2.2 million residential, commercial, and industrial clients in southeastern Michigan. This segment utilizes a range of energy sources, including fossil-fuel, hydroelectric pumped storage, nuclear plants, wind, and other renewable assets to produce electricity. Additionally, it owns and operates an extensive network of distribution infrastructure, comprising around 692 distribution substations and 440,500 line transformers, to ensure reliable electricity supply to its customers.

The company's Gas segment focuses on the purchase, storage, transportation, distribution, and sale of natural gas to around 1.3 million residential, commercial, and industrial customers in Michigan. This segment also sells storage and transportation capacity, leveraging its vast network of approximately 19,500 miles of distribution mains, 1,216,000 service pipelines, and 1,262,000 active meters. Furthermore, it owns around 2,000 miles of transmission pipelines, solidifying its position in the natural gas supply chain. The Gas segment plays a crucial role in providing essential energy services to its customers, while also generating revenue through the sale of storage and transportation capacity.

DTE Energy Company's Gas Storage and Pipelines segment is involved in the ownership and operation of natural gas storage fields, lateral and gathering pipeline systems, and compression and surface facilities. This segment also holds ownership interests in interstate pipelines that serve the Midwest, Ontario, and northeast markets, allowing it to tap into a broader geographic area and diversify its revenue streams. By controlling key infrastructure assets, the company is able to optimize its natural gas supply chain and provide a reliable service to its customers. The Gas Storage and Pipelines segment is a vital component of DTE Energy's overall business strategy, as it enables the company to manage its natural gas resources effectively and respond to changing market conditions.

The company's Power and Industrial Projects segment offers a range of products and services, including metallurgical coke, pulverized coal, and petroleum coke, which are supplied to the steel, pulp and paper, and other industries. This segment also provides power, steam, and chilled water production, as well as wastewater treatment services, catering to the needs of industrial customers. Moreover, it supplies compressed air to industrial clients, further expanding its service portfolio. The Power and Industrial Projects segment owns and operates 5 renewable generating plants with a combined capacity of 217 MWs, 21 landfill gas recovery sites, and 11 reduced emissions fuel facilities, underscoring the company's commitment to sustainability and environmental responsibility.

DTE Energy Company's Energy Trading segment is engaged in power and gas marketing and trading, structured transactions, and the optimization of contracted natural gas pipeline transportation and storage positions. This segment allows the company to capitalize on market opportunities, manage its energy portfolio, and mitigate risks associated with price volatility. By leveraging its expertise in energy trading, DTE Energy is able to generate additional revenue streams and enhance its overall competitiveness in the energy market. Founded in 1903, the company is headquartered in Detroit, Michigan, and is a major player in the energy sector, with a strong presence in the Electric Utilities sub-industry.