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DTE Energy is a diversified energy company headquartered in Detroit, specializing in the development and management of energy-related businesses and services across the United States . The company operates through several key segments, including DTE Electric and DTE Gas, which are public utilities providing electricity and natural gas to millions of customers in Michigan . Additionally, DTE Energy engages in non-utility operations through DTE Vantage, focusing on renewable natural gas projects and custom energy solutions, and Energy Trading, which involves energy marketing and trading activities .
- DTE Electric - Generates, purchases, distributes, and sells electricity to approximately 2.3 million customers in southeastern Michigan.
- Energy Trading - Engages in energy marketing and trading operations, contributing significantly to the company's non-utility revenue.
- DTE Gas - Purchases, stores, transports, distributes, and sells natural gas to about 1.3 million customers throughout Michigan.
- DTE Vantage - Focuses on renewable natural gas projects and provides custom energy solutions to industrial, commercial, and institutional customers.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Gerardo Norcia ExecutiveBoard | Chairman and CEO | None | Gerardo Norcia has been with DTE since 2002, holding various leadership roles. He became CEO in 2019 and Chairman in 2022. | View Report → |
David Ruud Executive | Executive Vice President and CFO | None | David Ruud is the CFO of DTE Energy and DTE Electric. No additional details about his tenure or achievements are provided. | |
Diane M. Antishin Executive | SVP - Human Resources and Chief Diversity and Inclusion Officer | None | Diane Antishin oversees HR and diversity initiatives at DTE. No additional details about her tenure or achievements are provided. | |
JoAnn Chavez Executive | Senior Vice President and Chief Legal Officer | None | JoAnn Chavez has been with DTE for over five years and became Chief Legal Officer in 2019. | |
Mark W. Stiers Executive | President and COO, DTE Vantage and Energy Trading | None | Mark Stiers has been President and COO of DTE Vantage and Energy Trading since 2019. | |
Trevor F. Lauer Executive | Vice Chairman and Group President | None | Trevor Lauer has been with DTE for over five years, previously serving as President and COO of DTE Electric. | |
Casey Santos Board | Independent Director | CTO at Caliber; Board Chair of Nashville Technology Council | Former CIO at Asurion. Appointed to DTE's board in 2025. | |
Charles G. McClure Board | Independent Director | Managing Partner at Michigan Capital Advisors; Board Member at Crane Co. and 3D Systems Inc. | Former CEO of Meritor, Inc. and Federal-Mogul Corporation. Has been a DTE director since 2012. | |
David A. Brandon Board | Independent Director | Executive Chairman of Domino’s Pizza, Inc.; Board Member at MillerKnoll, Inc. | Former CEO of Domino’s Pizza and Toys “R” Us. Has been a DTE director since 2010. | |
David A. Thomas Board | Independent Director | President of Morehouse College; Board Member at Vanguard Family of Funds | President of Morehouse College since 2018. Has been a DTE director since 2013. | |
Deborah L. Byers Board | Independent Director | Board Member at Civitas Resources, Excelerate Energy, and Kinetik Inc.; Senior Advisor at Veriten | Former Americas Industry Leader at Ernst & Young LLP. Joined DTE's board in 2023. | |
Gail J. McGovern Board | Independent Director | President and CEO of the American Red Cross; Board Member at PayPal Holdings, Inc. | President and CEO of the American Red Cross since 2008. Has been a DTE director since 2003. | |
Gary Torgow Board | Independent Director | Chairman of The Huntington National Bank; Board Member at Huntington Bancshares Incorporated | Former Executive Chairman of TCF Financial Corporation. Has been a DTE director since 2019. | |
Mark A. Murray Board | Independent Director | Board Member at Fidelity Fixed Income and Asset Allocation | Former President of Meijer, Inc. and Grand Valley State University. Has been a DTE director since 2009. | |
Nicholas K. Akins Board | Independent Director | Chairman of Fifth Third Bancorp; Chairman of OhioHealth | Retired CEO of American Electric Power (AEP). Joined DTE's board in 2023. | |
Robert C. Skaggs Board | Independent Director | Board Member at DT Midstream, Inc. | Former CEO of NiSource, Inc. and Columbia Pipeline Group. Has been a DTE director since 2017. |
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Given the significant capital investments required for grid reliability and clean generation, how confident are you that the Michigan Public Service Commission will approve your requested rate increases and the expansion of the infrastructure recovery mechanism, especially considering the emphasis on maintaining customer affordability?
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The independent audit confirmed your proposed investment plan to reduce power outages by 30% and cut outage time in half by 2029; however, were there any critical findings or recommendations that might necessitate adjustments to your strategy or additional investments beyond what you've planned?
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With the projected average annual residential bill growth of just over 1% from 2021 through 2025 despite substantial capital expenditures, how sustainable is this rate of bill increase in the long term, and do you foresee any potential for higher rate pressures on customers beyond 2025?
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Regarding the potential need to design tailored tariffs for new large loads to prevent stranded asset risks, what specific strategies are you considering to ensure that these new customers contribute appropriately to infrastructure costs without adversely impacting existing customers' rates?
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In your Vantage segment focusing on renewable natural gas and carbon capture solutions, can you elaborate on the profitability outlook and any significant risks or challenges you anticipate, particularly in advancing these projects amid evolving regulatory policies and technological developments?
Recent press releases and 8-K filings for DTE.
- DTE Energy reported Q1 2025 earnings of $445 million (EPS of $2.14) and operating earnings of $436 million (EPS of $2.10), marking significant improvement .
- The company delivered strong operational performance with a net income of $205 million and net cash provided from operations of $405 million in Q1 2025 .
- In Q1 2025, unaudited financials showed total assets of $8,679 million and shareholder equity of $3,141 million as of March 31, 2025 .
- Disaggregated gas operating revenues reached $868 million, driven by robust gas sales and transportation services .
- DTE Energy invested over $850 million in Q1 2025 and is on track to invest $4.4 billion in 2025 to enhance grid reliability, renewable generation, and natural gas services .
- Key milestones include launching Michigan’s largest battery energy storage system and awarding energy efficiency grants to small businesses .