Management Meeting: DTE Confident New Plant Will Move Forward and Contract Remaining Nexus Capacity
We are reaffirming our $97 per share fair value estimate and narrow moat rating after meeting with DTE Energy’s senior management at the American Gas Association Financial Forum in Phoenix, Arizona. The discussion focused on recent regulatory events in Michigan and the status of contracting the remaining capacity of the Nexus gas transmission pipeline.On April 27, DTE received approval from the Michigan Public Service Commission to build a new 1,100 megawatt natural-gas-fired power plant that i...
DTE Energy is a holding company. The company is engaged in the generation, purchase, distribution and sale of electricity to customers in southeastern Michigan through its DTE Electric Company subsidiary, as well as in the purchase, storage, transportation, distribution and sale of natural gas throughout Michigan and the sale of storage and transportation capacity through its DTE Gas Company subsidiary. The company's non-utility operations are: gas storage and pipelines, which consists of natural gas pipeline, gathering, transportation, and storage businesses; power and industrial projects; and energy trading, which consists of energy marketing and trading operations.
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