Guggenheim Reiterates Buy Rating on DTE Energy (DTE) as MPSC Order Approves 48% of Revenue Request

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Go back to Guggenheim Reiterates Buy Rating on DTE Energy (DTE) as MPSC Order Approves 48% of Revenue Request

DTE Energy announces electric reliability progress: Customers experienced a 70% improvement in time spent without power in 2024

January 22, 2025 12:55 PM EST

Detroit, Jan. 22, 2025 (GLOBE NEWSWIRE) -- DTE Energy today reported the progress it made in 2024 in building a smarter, stronger, and more resilient electric grid for its customers. Due to the impact of enhanced work and increased investment in the electric grid, coupled with less extreme weather, DTE customers experienced a nearly 70% improvement in time spent without power between 2023 and 2024.    

When we invest, it works. Thanks to the combination of $1.5 billion of investment in the electric grid last year, coupled with less extreme weather, our customers experienced a significant improvement in electric reliability in 2024, said Matt Paul, president and chief operations... More