DTE Energy Alters its DNA with Renewable Investments, Midstream Spinoff

SUGAR LAND--October 28, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--The COVID-19 pandemic has not slowed some of DTE Energy Company's (NYSE:DTE) (Detroit, Michigan) most ambitious plans, including a recently announced spin-off of its midstream business into an independent, publicly traded company, and $17 billion in capital-spending planned for the next five years, a 13% increase from DTE's previous estimate. It also is bolstering its use of renewable sources as it plans to be carbon-free by 2050. Industrial Info is tracking more than $3.2 billion in active projects from DTE, more than half of which is attributed to capital-spending projects under construction.

Within this article: Details on some of DTE's highest-profile active projects, including a natural gas-fired, combined-cycle (NGCC) power station, several windfarms, and smaller-scale, specialized energy-generation projects.

Other companies featured: General Electric (NYSE:GE)