July 22, 2014 10:11 AM ET

Electric Utilities

Company Overview of DTE Electric Company

Company Overview

DTE Electric Company, an electric utility, is engaged in the generation, purchase, distribution, and sale of electricity in southeastern Michigan. The company generates electricity from various fossil-fuel plants, a hydroelectric pumped storage plant, a nuclear plant, and wind and other renewable plants, as well as purchases electricity from generators, suppliers, and wholesalers. It owns and operates 669 distribution substations with a capacity of approximately 33,418,000 kilovolt-amperes (kVA) and approximately 428,600 line transformers with a capacity of approximately 23,272,000 kVA. It serves approximately 2.1 million customers, including residential, commercial, and industrial clients. ...

One Energy Plaza

Detroit, MI 48226

United States

Founded in 1903

4,800 Employees

Phone:

313-235-4000

Key Executives for DTE Electric Company

Chairman and Chief Executive Officer
Age: 55
President and Chief Operating Officer
Age: 58
Chief Financial Officer and Senior Vice President
Age: 48
Senior Vice President of Major Enterprise Projects
Age: 62
Senior Vice President of Electical Operations
Age: 61
Compensation as of Fiscal Year 2014.

DTE Electric Company Key Developments

DTE Electric Company Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2014

DTE Electric Company announced unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported operating earnings of $136 million or $0.77 per share compared to $115 million or $0.66 per share a year ago.

DTE Electric Company Provides Earnings Guidance for the Year 2014

DTE Electric Company provided earnings guidance for the year 2014. For the year, the company expects operating earnings between $520 million to $530 million and capital expenditure between $1,325 million to $1,600 million.

DTE Electric Company Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

DTE Electric Company announced consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported net income of $180 million or $1.02 diluted per share against $195 million or $1.13 diluted per share a year ago. Operating revenues were $1,457 million against $1,542 million a year ago. Operating income was $338 million against $378 million a year ago. Income before income taxes was $277 million against $310 million a year ago. For the nine months, the company reported net income of $386 million or $2.19 diluted per share against $419 million or $2.43 diluted per share a year ago. Operating revenues were $3,941 million against $4,029 million a year ago. Operating income was $775 million against $856 million a year ago. Income before income taxes was $592 million against $666 million a year ago.

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