Latest news with #DTEEnergy
CBS News
a day ago
- Climate
- CBS News
More than 8,000 Southeast Michigan customers remain without power in aftermath of Wednesday's storms
More than 8,000 Southeast Michigan customers remained without power Thursday morning in the aftermath of storms that brought heavy rain, high winds and at least one tornado to the region. No injuries were reported from the storms. Most southeast Michigan electricity customers get their electricity from DTE Energy, which is showing over 8,000 outage reports on its online maps. Only a few outages for southeast Michigan were shown on the Consumers Energy online map. The site, which curates power outage numbers against state and county maps, also showed 8,053 outages across Southeast Michigan, with most of that number in Wayne and Oakland counties. The National Weather Service plans to do a storm survey Thursday, but has confirmed that a tornado touched down near 14 Mile Road in Macomb County Wednesday afternoon. The damage in the Fraser area includes downed trees and some flooding. With that, Michigan has had 29 tornadoes so far in 2025, the sixth highest in the state's history. June is usually the peak time of tornado weather in Southeast Michigan. Looking ahead, a heat wave is in the forecast. Closings and reschedulings Because of the federal holiday of Juneteenth, some banks and many government offices including the Michigan Secretary of State branches were already expected to be closed for the day on Thursday. The Detroit Tigers will host a double header Thursday with the Pittsburgh Pirates, as Wednesday's game was canceled due to the weather situation. St. Clair Shores Parks and Recreation canceled Wednesday's Music on the Lake concert and plans to reschedule. And Birmingham's Summer Concert in the park for Wednesday was canceled.
CBS News
2 days ago
- Climate
- CBS News
Tornado threat expands into parts of Michigan
A tornado watch was extended into Southwest Michigan early afternoon, specifically the counties of Berrien, Branch, Cass and St. Joseph where the watch will be in effect into 8 p.m. ET. There were waves of heavy rain and storm weather early in the day, including some strong thunderstorms that came through Oakland County in the early afternoon. June is considered the peak tornado season in Southeast Michigan. Watch vs. warning The National Weather Service says a severe weather watch means "be prepared." It is possible that weather will reach severe levels during the time frame specified. A severe weather warning means "take action," that severe weather conditions have been reported by spotters or can be detected on radar. People are asked to take shelter indoors, away from windows. Severe weather so far in 2025 2025 is already one of the busiest years for tornadoes in Michigan since modern record-keeping began in 1950. There were 28 tornadoes confirmed so far, including an outbreak in mid-May. So far, 1974 holds the top spot with 39 confirmed tornadoes, followed by 2001 with 35 confirmed tornadoes, according to CBS News Detroit's NEXT Weather team. Power outage reports Most electricity customers in southeast Michigan get their power from either Consumers Energy or DTE Energy. Both companies have online outage maps where people can look up the status of their neighborhood. "Our Storm Response Teams are ready to restore power as quickly and safely as possible," a DTE notice posted ahead of the storms said. "Please be safe and remember to stay at least 25 feet from any downed power lines — assume they are live and dangerous. Report any outage or downed line here."
Yahoo
4 days ago
- Business
- Yahoo
DTE Energy Rides on Clean Energy Focus and Smart Investments
DTE Energy Company DTE has long-term capital expenditure plans to upgrade and extend its infrastructure to provide customers with more efficient services. The company is also making ongoing investments to expand its renewable generation this Zacks Rank #3 (Hold) company faces risks related to its poor financial position and challenges in the energy trading business. DTE Energy maintains and improves the dependability of its electric and natural gas utility infrastructure through a robust capital investment program. The company intends to invest a total of $30 billion over the next five years, representing a 20% increase over its previous investment plan. With these expenditures, DTE Energy should be able to meet its long-term operating earnings growth rate of 6-8%.DTE Energy is expanding its non-utility operations and increasing its earnings diversification. DTE Vantage intends to invest $1.5 to $2 billion in renewable energy and tailored energy solutions between 2025 and 2029. This strategic investment helps the company achieve its long-term sustainability Energy is also increasing its clean energy generation portfolio. Its DTE Electric subsidiary has put 2,300 megawatts (MW) of renewable energy into operation as of March 31, 2025. Over the next 10 years, the company plans to invest $10 billion in the clean energy transition. By 2026, DTE Energy aims to add more than 1,000 MW of new clean energy projects. DTE Energy's cash and cash equivalents as of March 31, 2025 totaled $0.09 billion. As of the same date, its long-term debt was $21.77 billion, significantly higher than the cash balance. Its current debt of $1.46 billion also came in quite higher than its cash position. This implies that the company holds a weak financial position. DTE Energy anticipates that the market circumstances for its Energy Trading business will continue to be challenging. According to the company, fluctuations in commodity prices and the unpredictability of the effects of regulatory changes and modifications to Regional Transmission Organization operating guidelines might affect this segment's profitability. In the past six months, DTE shares have rallied 12% compared with the industry's growth of 7.1%. Image Source: Zacks Investment Research Some better-ranked stocks from the same industry are Fortis FTS, CenterPoint Energy CNP and NiSource Inc. NI, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks long-term (three to five years) earnings growth rate is 5%. The Zacks Consensus Estimate for its 2025 earnings per share (EPS) stands at $2.47, which calls for a year-over-year jump of 3.4%.CNP's long-term earnings growth rate is 7.8%. The Zacks Consensus Estimate for its 2025 EPS stands at $1.75, which indicates a year-over-year rally of 8%.NI's long-term earnings growth rate is 7.9%. The Zacks Consensus Estimate for its 2025 EPS stands at $1.88, which implies a year-over-year jump of 7.4%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NiSource, Inc (NI) : Free Stock Analysis Report DTE Energy Company (DTE) : Free Stock Analysis Report CenterPoint Energy, Inc. (CNP) : Free Stock Analysis Report Fortis (FTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
DTE Energy completes its third new solar park of 2025, while partnering with communities to drive economic development in local townships
Polaris Solar Park will power more than 23,000 homes with clean, renewable energy and deliver millions in tax revenues DETROIT, June 11, 2025 /PRNewswire/ -- DTE Energy (NYSE: DTE), Michigan's largest producer of and investor in renewable energy, announced at a ribbon-cutting ceremony today that it has completed construction on its Polaris Solar Park. Located in Washington and North Star Townships in Gratiot County, the 100-megawatt solar park will generate enough clean energy to power more than 23,000 homes when it comes online this summer. "DTE is committed to growing our portfolio of clean, Michigan-made renewable energy as part of our broader generation mix to support the evolving energy needs of our customers," said Matt Paul, president and chief operating officer, DTE Electric. "This continues to be the most active period of renewable energy development in DTE's history, which also enables us to partner with local communities to help drive economic development and improve the lives of residents in towns across Michigan." Since 2009, DTE's investments in renewable energy have created an estimated 20,000 jobs in Michigan. Polaris Solar will bring Gratiot County, Washington Township and North Star Township significant added tax revenue over the life of the project, which can be used by the local communities and county for roads, first responders, libraries and other vital community services. This is in addition to the $42 million in tax revenue driven by DTE's three existing wind parks in Gratiot County. "Polaris Solar is a significant investment in Gratiot County, a project that will benefit police departments, county parks, and local government entities throughout our local communities," said Jim Wheeler, President of Greater Gratiot Development, a non-profit organization that promotes economic activity in Gratiot County. "Where some counties are looking at cutbacks, we haven't had to do that. Here, renewable energy helps improve the overall quality of life for the county and the people who live in it." Polaris Solar is DTE's third new solar park connecting to the electric grid in 2025, with five additional parks under construction and funded through DTE's voluntary CleanVision MIGreenPower, Michigan's largest community solar program. Customer enrollments in MIGreenPower are also helping to fuel DTE's progress toward its goal of achieving net zero carbon emissions and reaching Michigan's renewable energy standard of 60% by 2035. In 2025, DTE will generate enough clean energy from wind and solar projects to power more than 800,000 homes in Michigan and plans to power the equivalent of nearly 6 million homes with renewable energy by 2042. The company's MIGreenPower program has enrolled nearly 100,000 residential and 1,200 business customers. About DTE Energy DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE has continued to accelerate its carbon reduction goals to meet aggressive targets and is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy, emission reductions and economic progress. Information about DTE is available at and View original content to download multimedia: SOURCE DTE Energy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
09-06-2025
- Business
- CBS News
Talk of tariffs, politics, business and opportunities
Over 1,500 leaders from all corners of the state gathered at the Detroit Regional Chamber's Mackinac Policy Conference to discuss issues including tariffs, politics, education, talent needs, growing population, growing the defense industry and even adding a little more "hoops" to the Motor City's future. We traveled north to talk to CEOs, educators, elected officials, thought leaders and a Hall of Famer at the conference for a special "Michigan Matters" episode as they discussed topics impacting our region as well as thoughts about the road ahead. Each shared thoughts about how things were going in Michigan, too. Our guests include: Michigan Lt. Gov. Garlin Gilchrist Jerry Norcia, CEO of DTE Energy Pete Hoekstra, U.S. Ambassador to Canada Mike Bickers, PNC Regional President, Detroit/Southeast Michigan Eric Poe, CEO of CURE Auto Insurance Sam Klemet of the Detroit Auto Dealers Association Todd Szott, chair of the 2026 Detroit Auto Show Claude Molinari, CEO of Visit Detroit Swin Cash, WNBA Hall of Famer Ora Hirsch Pescovitz, Oakland University President U.S. Sen. Elissa Slotkin Quentin Messer, CEO of Michigan Economic Development Corporation Margaret Anderson, President of HAP U.S. Sen. Gary Peters Linda Apley, CEO of ITC Holdings Eric Lupher, Citizens Research Council Maureen Donohue Krauss, CEO of Detroit Regional Partnership (Watch Michigan Matters at its new time: 5:30 a.m. Sundays on CBS Detroit and 9:30 a.m. Sundays on CW Detroit 50 WKBD). (Carol Cain is the 13-time Emmy-winning senior producer and host of Michigan).
