DTE News

DETROIT, Apr. 6, 2020 — DTE Energy, Michigan's largest energy company, is making its business customers aware of programs that can provide financial lifelines, as well as offering guidance on reducing their energy bills during the coronavirus pandemic. One form of assistance promoted by DTE is forgivable loans offered by the Paycheck Protection Program (PPP), administered by the Small Business Administration.

DTE Energy's (DTE) first-quarter 2020 earnings lag estimates, thanks to dismal segment performance.

DETROIT, March 24, 2020 – DTE Energy (DTE) today announced the appointment of David Ruud as Senior Vice President and Chief Financial Officer, effective May 4. Ruud, who currently serves as Senior Vice President, Corporate Strategy & Development at DTE, will succeed Peter Oleksiak, who will be retiring from his role as Chief Financial Officer. Oleksiak will remain with DTE through the end of the year as a special advisor to DTE President and Chief Executive Officer Jerry Norcia, and will work closely with Ruud to ensure a seamless transition.

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Today’s hospital shipment is one component of the DTE Foundation’s expansive coronavirus relief campaign. “We’re just getting started,” DTE Energy President and CEO Jerry Norcia declares. DETROIT, April 08, 2020 (GLOBE NEWSWIRE) -- The DTE Energy Foundation today delivered 100,000 KN95 respiratory masks to hospitals in southeast Michigan, the latest donation in an unprecedented campaign to protect Michiganders from the ravages of COVID-19.

DTE Energy today announced that it is passing along between $30 to $40 million in bill relief to its electric utility customers for the months of June and July. “We know that many Michiganders are experiencing hardships due to the COVID-19 pandemic,” said Trevor Lauer, president of the electric company at DTE Energy. This $30 to $40 million bill relief initiative will complement DTE’s recently announced Personalized Service Protection program to help customers experiencing financial hardships due to COVID-19.

Following a ten-month regulatory review process, the Michigan Public Service Commission (MPSC) approved new electric rates for DTE Energy customers. The new funding includes investments that will help DTE improve electric reliability, support Michigan jobs, reduce carbon emissions and provide needed upgrades at the Ludington Pumped Storage Power Plant.

DTE earnings call for the period ending March 31, 2020.

DETROIT, Apr. 11, 2020 – DTE Energy is preparing for severe weather that is forecast for Southeast Michigan on Monday, potentially causing a significant number of power outages. Its operating units include an electric company serving 2.2 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers in Michigan.

DTE Energy has launched “Caring in the Crisis,” an awareness effort aiming to make sure Detroit-area residents who need help know how to get it during the COVID-19 pandemic. The effort includes a series of public service announcements and digital messages encouraging DTE customers to contact the company to explore payment assistance and financial help options if they are experiencing a hardship due to COVID-19. It will culminate with a May 22 “Day of Caring” radio event on Detroit stations WJLB, WDMK and WDMK HD2.

DETROIT, May 22, 2020 – DTE today said it will invest $7.5 million dollars to support environmental and sustainable improvements in Wayne County, Mi. The investment is a key part of an agreement reached with the Environmental Protection Agency (EPA) and the Sierra Club that resolves an ongoing dispute over how the EPA’s new source review (NSR) rules would apply to new emission control investments for coal plant operations. The agreement enables DTE Electric to continue its progress toward net zero carbon emissions by 2050.

Detroit, April 14, 2020 -- DETROIT, Apr. 14, 2020 – DTE Energy (NYSE: DTE) will announce its first quarter 2020 earnings before the market opens Tuesday, Apr. 28, 2020. The.

A coalition of Detroit’s leading businesses and philanthropic organizations today announced a plan to place a computer tablet with high-speed LTE internet connectivity, along with technical support, into the hands of every Detroit Public Schools Community District (DPSCD) K-12 student before the end of the school year. The program, called Connected Futures, is the first step in addressing digital inequity within the City of Detroit – an issue that has been exacerbated as students have been forced to learn from home as a result of the COVID-19 crisis.

Providing assistance to low-income and vulnerable customersEnacted pandemic incident command plan to ensure reliable energy deliveryRanked among top 10 energy companies.

Q1 2020 DTE Energy Co Earnings Call

The DTE Energy Foundation, the philanthropic arm of DTE Energy, today announced that it will match all donations to the Michigan Association of United Ways and Michigan Community Action now through Thursday, April 16. Donations can be allocated to particular United Way chapters and community action agencies to address emergency needs of a particular community.

DTE Energy today launched a new Personalized Service Protection program to help customers experiencing financial hardship due to COVID-19. “We want our customers to know that we are here for them,” said Jerry Norcia, president and CEO, DTE Energy. Residential customers concerned they may not be able to pay their energy bills due to income reductions or health impacts from COVID-19 are encouraged to call DTE at 800.477.4747 to discuss their situation with a representative, who can help set up a Personalized Service Protection plan for them.

Detroit, May 07, 2020 -- DETROIT, May 7, 2020 (NYSE: DTE) — The DTE Energy Board of Directors declared a $1.0125 per share dividend on its common stock payable July 15, 2020 to.

Moody's Investors Service ("Moody's") affirmed Indigo Natural Resources LLC's (Indigo) Corporate Family Rating (CFR) at B2, Probability of Default Rating (PDR) at B2-PD and senior unsecured notes rating at B3. "Indigo's outlook change reflects continued constraints from weak natural gas prices," said Jonathan Teitel, Moody's Analyst.

DTE Energy's (DTE) Q1 results are likely to reflect poor performance owing to the ongoing coronavirus pandemic.