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Dte Energy Co  (DTE)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 


Dte Energy Co Segments

 
Electric Utility
   50.64 % of total Revenue
Gas Utility
   9.62 % of total Revenue
Nonutility
   50.15 % of total Revenue
Reconciliation & Eliminations
   -10.41 % of total Revenue
Energy Trading
   23.11 % of total Revenue
Power and Industrial Projects
   24.53 % of total Revenue
 

Business Segments (June 30, 2015)
Revenues
(in millions $)
II. Quarter
%
(of total Revenues)
(June 30, 2015)
Income
(in millions $)
II. Quarter
%
(Profit Margin)
Electric Utility
1,148.00 50.64 % 99.00 8.62 %
Gas Utility
218.00 9.62 % -7.00 -
Nonutility
1,137.00 50.15 % 30.00 2.64 %
Reconciliation & Eliminations
-236.00 -10.41 % 0.00 -
Energy Trading
524.00 23.11 % -3.00 -
Power and Industrial Projects
556.00 24.53 % 0.00 -
Total
2,267.00 100 % 122.00 5.38 %

• View Income Statement • View Competition by Segment • View Annual Report

Growth rates by Segment (June 30, 2015)
Y/Y Revenue
%
II. Quarter
Q/Q Revenue
%
(June 30, 2015)
Y/Y Income
%
II. Quarter
Q/Q Income
%
Electric Utility
-10.24 % -4.57 % -23.26 % -27.21 %
Gas Utility
-4.8 % -66.31 % - -
Nonutility
-18.02 % -14.83 % 76.47 % -41.18 %
Reconciliation & Eliminations
- - - -
Energy Trading
-36.02 % -26.3 % - -
Power and Industrial Projects
6.31 % -1.94 % - -
Total
-15.94 % -24.03 % -14.08 % -59.06 %

• View Growth rates • View Competitors Segment Growth • View Market Share

To get more information on Dte Energy Co's Electric Utility, Gas Utility, Nonutility, Reconciliation & Eliminations, Energy Trading, Power and Industrial Projects, Total segment. Select each division with the arrow.

  Dte Energy Co's

Business Segments Description



Utility – Power Generation

Power Generation comprises our utility power generation business and plants within Detroit Edison. These plants are regulated by numerous federal and state governmental agencies, including the MPSC, the FERC, the NRC, the EPA and the MDEQ. Electricity is generated from Detroit Edison’s numerous fossil plants, its hydroelectric pumped storage plant and its nuclear plant, and is purchased from electricity generators, suppliers and wholesalers. The electricity we produce and purchase is sold to four major classes of customers: residential, commercial, industrial and wholesale, principally throughout Michigan, the Midwest and Ontario, Canada.

Weather, economic factors and electricity prices affect sales levels to customers. Our peak load and highest total system sales generally occur during the third quarter of the year, driven by air conditioning and other cooling-related demands. Power generation sales are made to a diverse base of customers in both type and number; sales levels are not dependent on any small market segment. Customers who elect to purchase their electricity from alternative energy suppliers by participating in the electric Customer Choice program have an unfavorable effect on our financial performance.

Energy Services

Energy Services has three business lines: Coal-Based Fuels, On-Site Energy Projects and Power Generation.

Coal-Based Fuels

Energy Services’ Coal-Based Fuels operations include producing synthetic fuel from nine synfuel plants and producing coke from three coke battery plants. The production of synfuel from all of the synfuel plants and the production of coke from one of the coke battery plants generate tax credits under Section  29 of the Internal Revenue Code. Section 29 is designed to stimulate investment in and development of alternate fuel sources. We have private letter rulings from the IRS for all of our synfuel plants.

Energy Marketing & Trading

Energy Marketing & Trading consists of the wholesale electric and gas marketing and trading operations of DTE Energy Trading, Inc. and DTE-CoEnergy L.L.C. (CoEnergy). Energy Marketing & Trading focuses on physical power marketing and structured transactions for large customers, as well as the enhancement of returns from DTE Energy’s power plants, pipeline and storage assets. In pursuing these goals, Energy Marketing & Trading may enter into forwards, futures, swaps and option contracts.

Coal Services

Coal Services provides fuel, transportation and equipment management services tailored to the individual requirements of each customer. We specialize in minimizing fuel costs and maximizing reliability of supply for energy-intensive customers. Our external customers include electric utilities, merchant power producers, integrated steel mills and large industrial companies with significant energy requirements. We also operate a number of railcar maintenance and repair facilities serving coal transporters, as well as other industries and rail car types. We participate in the trading of coal and emissions credits as well as coal-to-power tolling transactions. In 2003, we entered into the waste coal recovery business by purchasing a patented technology and constructing our first commercial facility.

Biomass

Biomass develops, owns and operates landfill gas recovery systems in the U.S. Landfill gas, a byproduct of solid waste decomposition, is composed of approximately equal portions of methane and carbon dioxide. Converting the methane into a renewable energy resource conserves fossil fuels. Some Biomass operations generate Section 29 tax credits that will expire in 2007. Biomass helps limit potential greenhouse gas emissions by developing and implementing landfill gas recovery systems that capture the gas and use it productively. Such a recovery system eliminates detrimental air emissions by preventing methane from escaping into the atmosphere or migrating off-site and becoming a safety hazard. Landfill gas recovery systems also provide local utilities, industry and consumers with an opportunity to use a competitive, renewable source of energy. Applications for this form of energy include steam and electricity generation, fueling of asphalt plants and brick kilns and for processing into pipeline quality gas. In 2004, Biomass entered into a joint venture with Coal Services to acquire facilities that produce coal mine methane gas.

ENERGY DISTRIBUTION

Utility – Power Distribution

The electric distribution services of Detroit Edison comprise our utility Power Distribution business. This business distributes electricity generated by Energy Resources’ Power Generation business and alternative energy suppliers to Detroit Edison’s 2.1 million customers in southeastern Michigan. This business also shares, with the Gas Distribution segment, the customer service and regulated marketing functions for our utilities. Accordingly, costs associated with these functions, including collections and customer service activities, are shared between Power Distribution and Gas Distribution.

Distributed Generation

Distributed Generation, primarily consisting of DTE Energy Technologies (Dtech), invests in emerging technologies that complement our existing businesses. We currently have businesses that develop, assemble, market, distribute and service distributed generation products, provide application engineering, and monitor and manage system operations.

In 2004, Dtech revised its strategy to reduce the losses that occurred in the development phase of the business over the past four years. As a result, we closed most of our sales offices and created two regional selling offices, located in Southern California and in Michigan. These offices will concentrate on higher-margin sales. Additionally, Dtech’s organization was reduced and realigned to be more efficient.

ENERGY GAS

Gas Distribution operations primarily consist of MichCon, our gas utility. Gas Distribution provides gas sales and transportation delivery services to 1.2 million residential, commercial and industrial customers located throughout Michigan.

Gas Distribution makes gas sales primarily to residential and small-volume commercial and industrial customers. It provides end user transportation to large-volume commercial and industrial customers and gas Customer Choice customers who purchase natural gas directly from other suppliers and utilize MichCon’s pipeline network to transport the gas to the customers’ facilities. Gas Distribution provides intermediate transportation to producers, brokers and other gas companies that own the natural gas transported, but are not the ultimate consumers. MichCon’s revenues and net income are impacted by weather and are concentrated in the first and fourth quarters of the year due to heating-related demand. MichCon’s operations are not dependent upon a limited number of customers, and the loss of any one or a few customers is not reasonably likely to have a material adverse effect on MichCon.

Gas Production

The Gas Production business is engaged in natural gas exploration, development and production. Gas Production owns one of the industry’s largest Antrim gas reserve bases predominantly located in the northern portion of the lower peninsula of Michigan. Our emphasis is on developing and producing the 335.4 Bcfe of proven reserves we owned as of December 31, 2004. We drilled 79 wells (67.3 net of interest of others) in 2004 with a success rate of 99%. Wells drilled in the Antrim shale have high success rates and low drilling costs, and are therefore considered low risk.

Gas Storage, Pipelines & Processing

The Gas Storage, Pipelines & Processing business has partnership interests in an interstate transmission pipeline, Vector Pipeline (Vector), seven carbon dioxide processing facilities and a 9.7 Bcf natural gas storage field. Additionally, we lease through 2029 a 60.5 Bcf natural gas storage field located in Michigan.

   

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