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The Guardian
15-06-2025
- The Guardian
Summer in Europe's lakes and mountains: 15 of the best holidays
All Italians race to la spiaggia in summer, leaving the hinterland marvellously empty. Tuscany gets a lot of love, but travel one region over to Umbria and Monti Sibillini national park bewitches with views of the Apennines and eyrie-like, honey-coloured hill towns such as Castelluccio, soaring above a plateau of brightly coloured poppies, cornflowers and daisies. It's a gorgeous spot for hiking, biking and tracking down a trattoria to dig into specialities such as wild boar with locally grown lentils. You'll find some of Italy's finest salami in butcher shops in Norcia, as well as black truffles on the menus of restaurants such as the Michelin-starred Vespasia, which is in a 16th-century palazzo. Alternatively, you could join a tartufaio and their dog to head into the woods on a truffle-hunting to do it Organic farm Agriturismo Casale nel Parco dei Monti Sibillini (doubles from £84 B&B) has truffles and wild herbs in its grounds, and a terrific restaurant serving up local and homegrown produce. If you take rugged Highland scenery and turn the volume up, you get the Cairngorms national park, a 1,748 square mile expanse of lochs, glens, forests and Munros. Providing the weather behaves, you'll be itching to get outdoors, whether climbing 1,245-metre (4,085ft) Cairn Gorm or 1,309-metre Ben Macdui, spotting capercaillie, red squirrels and ospreys in the Caledonian pine forest of Rothiemurchus Estate, or meeting the region's free-roaming reindeer on a hill trip. There are wild swimming spots such as remote Loch Coire an Lochain, and visitors can go biking on Cairngorm Mountain's slopes. By night, there's fantastic stargazing in the Cairngorms Dark Sky Park around Tomintoul and to do it A train from London to Aviemore takes 7-8 hours. It's free to wild camp in the park. Or stay at a self-catering forest cabin at Cairngorm Lodges (two-nights from £264) on the park's eastern fringes. Between the Brandenberg Alps and the limestone turrets of the Wilder Kaiser massif, Kufstein is a full-on Alpine fantasy, capped with a medieval fortress. The fact that it's a living town, rather than a resort, means there's a great buzz here in summer. And Kufstein's backyard is beautiful. Within minutes, you can reach Wilder Kaiser's hiking trails on a single-seat chairlift floating above treetops and meadows to the 1,256-metre peak of Brentenjoch. The landscape is dotted with lakes such as forest‑rimmed Hechtsee, mountain‑flanked Stimmersee and glass-green Thiersee, where you can dive into some of Austria's cleanest waters or rent a to do it Kufstein is half an hour from Innsbruck or an hour from Munich by train. Camp by the lakes or stay in town at historic Auracher Löchl (doubles from £175 B&B). The local guest pass gives you free use of public transport. With the Alps running across 60% of Switzerland, it's incredible that this green and lovely land has just one national park. But it's a good one. Slamming into Italy, the Swiss national park in Graubünden's Engadin valley is an utterly wild Unesco biosphere reserve. Nature has been in charge here since the park's formation in 1914, and as a result, it's hiking heaven. The full-day, 13-mile trek from Zernez to Lais da Macun (the Macun lakes) takes in a plateau beaded with 23 Alpine lakes. If you prefer company, sign up for guided ranger walks, including a wildlife-focused one in the Val Trupchun where, with luck and binoculars, you might spot marmots, ibex, chamois, deer and bearded to do it With good rail connections, Zernez is the gateway to the park and home to the visitor centre. Guided ranger hikes cost about £36. For an off-grid sleep, book Chamanna Cluozza (dorm beds £64). Deep in a forest, the hut is a 3½-hour hike from Zernez. Bring your sleeping bag. For uplifting views of the Alps by bike without the uphill slog, Lake Constance is unbeatable. Central Europe's third largest lake, it delivers a massive shot of everything that makes Europe great – Roman ruins, medieval castles, gardens, gorges, wetlands, vineyards, orchards, thermal baths and beaches where you can strip off sweaty Lycra for a quick swim or a night spent camping under the stars. Looping around the lake and taking about a week to complete, the 170-mile (273km) Lake Constance Cycle Path, or Bodensee-Radweg as it's known locally, is the biggie, rolling through three countries: Germany, Austria and to do it Avoid the midsummer madness of July and August for fewer crowds. Bikes and ebikes can be rented in towns fringing the lake. Konstanz in Germany is a great springboard, with good rail connections. Mother nature had a wild time in Jostedalsbreen national park in western Norway, delivering a visual feast of mountain-flanked fjords, ice-blue glacial lakes and – the clincher – the 37-mile-long Jostedalsbreen, mainland Europe's biggest ice cap. Ways to explore are many and varied – there's an easy four-mile round trek past waterfall-wisped peaks to Briksdalsbreen, an offshoot of the mighty glacier, or an opportunity to kayak, canoe and paddleboard across the turquoise waters of Lovatnet Lake, with rock walls punching above. For a close encounter with the ice, slip on a helmet and crampons to trek across the Haugabreen arm of the to do it On the dreamy shores of Lovatnet Lake, Sande Camping (pitches from £18) is a crazily pretty spot to pitch a tent. Breogfjell Mountain Guides run six-hour guided glacier walks (£84) from mid-June to August. If you think Lake Bled is ridiculously lovely, wait until you clap eyes on Lake Bohinj, tucked away in the Julian Alps that tear across Triglav national park in Slovenia's north-west. Here, limestone turrets and pinnacles rise like natural fortifications above forests and glacial lakes that chart the spectrum of blues and greens. Loveliest of the lot is mirror-like Lake Bohinj, where you can dive into jewel-coloured waters that reach 22C in summer. The pebble beach in Ukanc, on the lake's western shore, is as lovely a spot as any. Arrive early in the morning and you'll have it all to yourself as you swim, canoe, kayak or paddleboard in glassy to do it Pitch a tent on the shore at eco-friendly Camp Bohinj (pitches from £25). At the boathouse, Pac Sport rents out paddleboards, canoes, kayaks and wooden rowboats. In the fiery blush of a summer sunset, the Dolomites are at their most entrancing, as the gold-pink light burnishes their buttresses, pinnacles and great fangs of rock. You can admire them from below, but you'll get much closer on the 75-mile Alta Via 1, one of Italy's most memorable hikes, reaching from Dobbiaco in the north to Belluno in the south. Negotiating steep, rocky inclines is rewarded with sublime views and stays at rustic huts like Rifugio Lagazuoi and Rifugio Cinque Torri, where you can dig into local specialities like polenta, venison and canederli (bread dumplings with speck and cheese), peer up at star-blanketed night skies and get a crack‑of-dawn start on the to do it While the walk is certainly doable alone (book huts ahead for summer and get hold of Cicerone's Alta Via 1 guide), logistically it's easier to join a tour, such as the 10-night trip offered by Alpine Exploratory (from £2,880 guided, £1,790 self-guided). Where the Bavarian Alps muscle their way into Austria, Füssen looks like something out of a children's story. The old town's alleys are stacked with gabled, frescoed houses and cafe-lined squares, and lofty castles bear the fantastical imprint of 'Mad' King Ludwig II (1845-1886). Mad or not, he had an eye for a winning location, which you'll appreciate when you visit the riotously turreted and recently revamped Schloss Neuschwanstein, which was the blueprint for Disney's Sleeping Beauty castle, and medieval Hohenschwangau, where little Ludwig grew up. There's hiking, cycling and swimming at the lakes around Füssen, such as Forggensee, Hopfensee and Alpsee. All can be reached by bus for free with the local Füssen to do it Füssen is two hours from Munich by bus and train ( Take your pick of hotels and B&Bs in the town, such as Hotel Sonne (doubles from £130 B&B) in the historic centre, or camp by one of the lakes. Sign up to The Traveller Get travel inspiration, featured trips and local tips for your next break, as well as the latest deals from Guardian Holidays after newsletter promotion The French Alps punch high above Morzine in Portes du Soleil, 12 resorts strung between Lake Geneva and mighty Mont Blanc. Everyone raves about winter skiing in this chalet-lined village, but there's lots happening in summer, when the steep slopes are given over to one of the world's biggest bike parks – 400 miles (650km) of single tracks and heart-racing downhill trails. An extensive network of bike-friendly lifts links them up nicely. If you're up for a bone-rattling challenge, tackle the Noire de Morzine from the Le Pléney cable car station. After you've stripped off sweaty Lycra and body armour, cool off with a swim in one of the crystal-clear lakes on Morzine's doorstep, such as mountain‑clasped Lac de Montriond or forest-rimmed Mines d'Or. You can reach both within minutes on the free village to do it Alpy Transfers runs regular coaches between Geneva airport and Morzine (2 hours, one-way £17), prebooking is essential. Morzine's Multi Pass gets you access to lifts, lakes and lidos for £2.50 a day. For a rustic-chic place to sleep, check into Jardin Secret (doubles from £115) in Montriond, a self-catering micro-lodge with a sun terrace, hot tub and easy access to both slopes and lakes. Spain is at its most ravishing in the 250-square-mile Picos de Europa national park in the Cantabrian mountains of the north. Here you can hike among jagged, lake-splashed peaks, ancient oak and beech forests, and deep, wildflower-flecked valleys where it's silent enough to hear your own heartbeat – or perhaps the cry of a golden eagle. The untamed terrain here is best explored with a guide. For a deep dive, Much Better Adventures arranges a challenging hut-to-hut trek, ticking off highs such as the glacial Lakes of Covadonga, the 2,319-metre summit of La Padiorna and the sheer-walled Cares to do it Much Better Adventures' six-night, small-group trek costs from £875 per person, including local guides, breakfast, dinner and stays in mountain huts and rural guesthouses. Most people who head to Croatia dash straight to the coast, but a step back from the Adriatic is the Unesco World Heritage site Plitvice Lakes national park. Against the backdrop of the karstic Dinaric Alps, the park has mineral-rich springs, cascading falls, caves and lakes that glitter jade, aquamarine, ink-blue and turquoise. Brown bears, wild boar, lynx and wolves prowl the old-growth beech and fir forests, and clouds of blue-winged butterflies bring a fairytale touch in summer. For a true flavour of the park, bring binoculars and follow the 11-mile Route K, a full-day hike that knits together all 16 of the to do it From Zagreb, buses and FlixBus coaches run frequently to Plitvička Jezera in just over two hours. There are lots of traditional stone-and-wood villas where you can spend the night, including Villa Verde (doubles from £93 B&B). Switzerland's outrageously beautiful Jungfrau region is the Alps on steroids, with its crashing waterfalls, gemstone lakes, cliff-hugging villages and the glacier-capped big three of the Eiger, Mönch and Jungfrau looming above it all. You could base yourself anywhere in these heights and reach the summits within minutes on vintage railways and state-of-the-art cable cars – but Grindelwald has the edge for outdoor adventure. As lively in summer as winter, the village has front-row views of the Eiger's mile-high north face. The Eiger Express cable car links up to Eigergletscher, the trailhead for the astoundingly scenic, two-hour Eiger Trail. Or you can thunder towards the Eiger on ziplines, mountain carts and chunky scooters called Trottibikes from the First cable car station above to do it Grindelwald is well connected by rail and can be reached in around nine hours from London via Paris, Strasbourg, Basel and Interlaken. Hotels are pricey, but you can save by camping at riverside Gletscherdorf (pitches from £36). Sky-scraping peaks, scary slopes and après-ski parties draw folk to St Anton am Arlberg in Tyrol in winter. But when the snow melts, the village reveals its mellower side, with trails skipping through flower-freckled pastures to Alpine dairy huts like Putzen Alpe, where you can sample a brettljause (sharing board) of local ham and cheese, and watch the bell-swinging cows come home in the honeyed light of late afternoon. If you want to zone out even more from the rush of daily life, St Anton is right up there with the best places in the Alps for a spot of peak-gazing while doing yoga. Pick a meadow to practise your positions or sign up for classes and retreats at to do it St Anton is an hour from Innsbruck by train. In early September, the four-day Mountain Yoga Festival, celebrating its 10th anniversary in 2025, brings some of the world's best teachers and yogis to the heights, with outdoor sessions, sunrise meditation, Alpine pasture hikes, talks and workshops. Run by passionate mountain lovers, Piltriquitron (doubles from £113 B&B) is a stylish, welcoming lodge in the heart of St Anton. Come summer, conga lines of hikers trot up Wales' highest peak, 1,085-metre Yr Wyddfa (Snowdon). If you would prefer to give them the slip, head south to Cefn Coed, a 17th-century, off-grid Welsh farm estate embedded in a wooded valley, where the slopes of Cadair Idris roll down to the shifting sands of the Mawddach estuary. It's all about embracing the wild side of Eryri (Snowdonia) here, whether you're striking out on foot on the nine-mile Mawddach Trail, which follows an old slate railway track, practising yoga in nature, going wildlife tracking or foraging for edibles you can transform into pickles, powders and pestos. Find your own wild swim spots along the river by day, and go on a starlit walk across the estate to look out for owls, badgers and, on mid-summer nights, to do it Cambrian Line trains stop in Barmouth, four miles from Cefn Coed, where you can camp in a clearing in oak woods (pitches £25-35), or for bigger groups there's a 12-bed bunkhouse in the farm's original dairy and bakehouse (two-night stays from £350).
Yahoo
01-05-2025
- Business
- Yahoo
DTE Energy reports first quarter accomplishments, investments and earnings
Continued significant investment to improve reliability and transition to cleaner generation; on track to invest $4.4 billion into our utilities in 2025 Began operations of Michigan's largest battery energy storage system Boosted small businesses with energy efficiency upgrade grants Recognized as a Gallup Exceptional Workplace for 13th consecutive year DETROIT, May 01, 2025 (GLOBE NEWSWIRE) -- DTE Energy (NYSE: DTE) today reported that it invested over $850 million into its utilities in the first quarter of 2025 and is on track to invest $4.4 billion this year to improve electric reliability, generate more renewable energy and ensure continued safe and reliable natural gas service for its customers. The company also reported first quarter earnings of $445 million or $2.14 per diluted share, compared with $313 million, or $1.51 per diluted share in 2024. Operating earnings for the first quarter 2025 were $436 million, or $2.10 per diluted share, compared with 2024 operating earnings of $346 million, or $1.67 per diluted share. Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. Reconciliations of reported earnings to operating earnings are included at the end of this news release. 'We know that when we invest, it works, which is why we are making significant investments to build the electric grid of the future, making it more resilient to extreme weather and more reliable for our customers,' said Jerry Norcia, DTE Energy chairman and CEO. 'At the same time, our innovative and highly engaged workforce is rebuilding our generation fleet to create a more balanced and diversified mix of energy.' Norcia noted the following accomplishments: Invested nearly $370 million to improve electric infrastructure for customers: So far this year, DTE Electric has invested nearly $370 million to continue to build the electric grid of the future and build on the improved electric reliability that customers experienced in 2024. Last year, DTE's investments into transitioning to a smarter grid, aggressively updating existing infrastructure, rebuilding significant portions of the electric grid and trimming trees, coupled with less extreme weather impacting the service territory, led to a nearly 70% decrease in time spent without power for customers in 2024, compared to 2023. Year-to-date, DTE customers have experienced a nearly 60% reduction in time spent without power, compared to the first quarter of 2024. Began operations of Michigan's largest battery energy storage system: DTE began operations of its first utility-scale battery energy storage facility, Slocum Energy Center, in Trenton in February. At 14 megawatts, Slocum is the largest facility of its kind operating in Michigan and is comprised of 95 state-of-the-art lithium-ion battery segments capable of storing and releasing enough energy to power 2,500 homes. Slocum was designed as a pilot project and will provide valuable insights for DTE's future energy storage initiatives, including the company's 220-megawatt Trenton Channel Energy Center, which is slated for operations in 2026 and will be 15 times the size of Slocum. As part of its transformational CleanVision Integrated Resource Plan, DTE will have more than 2,900 megawatts of energy storage by 2042, doubling its total energy storage capacity. This plan aligns with Michigan's statewide energy storage target and its carbon neutrality goal. Boosted small businesses with energy efficiency upgrade grants: As part of its Energy Efficiency Makeover contest, DTE awarded three small businesses in Michigan with $5,000 for energy efficiency improvements. The winning Michigan small businesses were chosen for demonstrating knowledge, commitment and a need for energy efficiency improvements. In addition to the prize money, winners will receive a walk-through energy assessment with a DTE energy advisor, including business-specific energy efficiency recommendations and help in coordinating the installation of upgrades. Recognized as a Gallup Exceptional Workplace for 13th consecutive year: DTE was recognized by Gallup as a workplace with exceptionally high employee engagement – in the top six percent of Gallup's worldwide database of companies. Outlook for 2025 DTE Energy confirms 2025 operating EPS guidance of $7.09 - $7.23. 'We remain focused on achieving strong financial results and a constructive relationship with our regulators to continue investing above our generated cash flows,' said David Ruud, DTE executive vice president and CFO. 'At the same time our DTE team members are making exceptional progress improving our systems and generating efficiencies to keep bills as low as possible for our customers.' This earnings announcement and presentation slides are available at The company will conduct a conference call to discuss earnings results at 9:00 a.m. ET. Investors, the news media and the public may listen to a live internet broadcast of the call at The telephone dial-in number in the U.S. and Canada toll free is: (888) 510-2008. The telephone dial-in USA toll is: (646) 960-0306 and the Canada dial-in toll is: (289) 514-5035. The passcode is 4987588. The webcast will be archived on the DTE website at 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 Use of Operating Earnings Information - DTE Energy management believes that operating earnings provide a meaningful representation of the company's earnings from ongoing operations and uses operating earnings as the primary performance measurement for external communications with analysts and investors. Internally, DTE Energy uses operating earnings to measure performance against budget and to report to the Board of Directors. Operating earnings is a non-GAAP measure and should be viewed as a supplement and not a substitute for reported earnings, which represents the company's net income and the most comparable GAAP measure. In this release, DTE Energy discusses 2025 operating earnings guidance. It is likely that certain items that impact the company's 2025 reported results will be excluded from operating results. Reconciliations to the comparable 2025 reported earnings guidance are not provided because it is not possible to provide a reliable forecast of specific line items (i.e. future non-recurring items, certain mark-to-market adjustments and discontinued operations). These items may fluctuate significantly from period to period and may have a significant impact on reported earnings. The information contained herein is as of the date of this document. DTE Energy expressly disclaims any current intention to update any information contained in this document as a result of new information or future events or developments. Certain information presented herein includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, and businesses of DTE Energy. Words such as 'anticipate,' 'believe,' 'expect,' 'may,' 'could,' 'projected,' 'aspiration,' 'plans' and 'goals' signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to numerous assumptions, risks and uncertainties that may cause actual future results to be materially different from those contemplated, projected, estimated or budgeted. Many factors may impact forward-looking statements including, but not limited to, the following: the impact of regulation by the EPA, EGLE, the FERC, the MPSC, the NRC, and for DTE Energy, the CFTC and CARB, as well as other applicable governmental proceedings and regulations, including any associated impact on rate structures; the amount and timing of cost recovery allowed as a result of regulatory proceedings, related appeals, or new legislation, including legislative amendments and retail access programs; economic conditions and population changes in DTE Energy's geographic area resulting in changes in demand, customer conservation, and thefts of electricity and, for DTE Energy, natural gas; the operational failure of electric or gas distribution systems or infrastructure; impact of volatility in prices in international steel markets and in prices of environmental attributes generated from renewable natural gas investments on the operations of DTE Vantage; the risk of a major safety incident; environmental issues, laws, regulations, and the increasing costs of remediation and compliance, including actual and potential new federal and state requirements; the cost of protecting assets and customer data against, or damage due to, cyber incidents and terrorism; health, safety, financial, environmental, and regulatory risks associated with ownership and operation of nuclear facilities; volatility in commodity markets, deviations in weather and related risks impacting the results of DTE Energy's energy trading operations; changes in the cost and availability of coal and other raw materials, purchased power, and natural gas; advances in technology that produce power, store power or reduce or increase power consumption; changes in the financial condition of significant customers and strategic partners; the potential for losses on investments, including nuclear decommissioning trust and benefit plan assets and the related increases in future expense and contributions; access to capital markets and the results of other financing efforts which can be affected by credit agency ratings; instability in capital markets which could impact availability of short and long-term financing; impacts of inflation, tariffs, and the timing and extent of changes in interest rates; the level of borrowings; the potential for increased costs or delays in completion of significant capital projects; changes in, and application of, federal, state, and local tax laws and their interpretations, including the Internal Revenue Code, regulations, rulings, court proceedings, and audits; the effects of weather and other natural phenomena, including climate change, on operations and sales to customers, and purchases from suppliers; unplanned outages at our generation plants; employee relations and the impact of collective bargaining agreements; the availability, cost, coverage, and terms of insurance and stability of insurance providers; cost reduction efforts and the maximization of generation and distribution system performance; the effects of competition; changes in and application of accounting standards and financial reporting regulations; changes in federal or state laws and their interpretation with respect to regulation, energy policy, and other business issues; successful execution of new business development and future growth plans; contract disputes, binding arbitration, litigation, and related appeals; the ability of the electric and gas utilities to achieve goals for carbon emission reductions; and the risks discussed in DTE Energy's public filings with the Securities and Exchange Commission. New factors emerge from time to time. We cannot predict what factors may arise or how such factors may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements speak only as of the date on which such statements are made. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. For more information, members of the media may contact:Dan Miner, DTE Energy: 313.235.5555 For further information, analysts may call:Matt Krupinski, DTE Energy: 313.235.6649John Dermody, DTE Energy: 313.235.8750 DTE Energy Company Segment Net Income (Unaudited) Three Months Ended March 31, 2025 2024 ReportedEarnings Pre-tax Adjustments IncomeTaxes(1) OperatingEarnings ReportedEarnings Pre-tax Adjustments IncomeTaxes(1) OperatingEarnings (In millions) DTE Electric segment $ 123 $ 33 A $ (9 ) $ 147 $ 171 $ 31 C $ (8 ) $ 194 DTE Gas segment 206 — — 206 154 8 C (2 ) 160 Non-utility operations DTE Vantage segment 39 — — 39 8 — — 8 Energy Trading segment 67 (44 ) B 11 34 1 5 B (1 ) 5 Non-utility operations 106 (44 ) 11 73 9 5 (1 ) 13 Corporate and Other 10 — — 10 (21 ) — — (21 ) Net Income Attributable to DTE Energy Company $ 445 $ (11 ) $ 2 $ 436 $ 313 $ 44 $ (11 ) $ 346 (1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments. Adjustments key A) MPSC disallowance of power supply costs previously recorded — recorded in Operating Revenues — Utility operations and Other (Income) and Deductions B) Certain adjustments resulting from derivatives being marked-to-market without revaluing the underlying non-derivative contracts and assets — recorded in Operating Expenses — Fuel, purchased power, gas, and other — non-utility C) One-time costs resulting from the voluntary separation incentive program — recorded in Operating Expenses — Operation and maintenance DTE Energy Company Segment Diluted Earnings Per Share (Unaudited)(2) Three Months Ended March 31, 2025 2024 ReportedEarnings Pre-tax Adjustments IncomeTaxes(1) OperatingEarnings ReportedEarnings Pre-tax Adjustments IncomeTaxes(1) OperatingEarnings DTE Electric segment $ 0.59 $ 0.16 A $ (0.04 ) $ 0.71 $ 0.83 $ 0.15 C $ (0.04 ) $ 0.94 DTE Gas segment 0.99 — — 0.99 0.74 0.04 C (0.01 ) 0.77 Non-utility operations DTE Vantage segment 0.19 — — 0.19 0.04 — — 0.04 Energy Trading segment 0.32 (0.21 ) B 0.05 0.16 — 0.02 B — 0.02 Non-utility operations 0.51 (0.21 ) 0.05 0.35 0.04 0.02 — 0.06 Corporate and Other 0.05 — — 0.05 (0.10 ) — — (0.10 ) Net Income Attributable to DTE Energy Company $ 2.14 $ (0.05 ) $ 0.01 $ 2.10 $ 1.51 $ 0.21 $ (0.05 ) $ 1.67 (1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments. (2) Per share amounts are divided by Weighted Average Common Shares Outstanding — Diluted, as noted on the Consolidated Statements of Operations (Unaudited). Adjustments key—see previous page Sign in to access your portfolio
Associated Press
01-05-2025
- Business
- Associated Press
DTE Energy reports first quarter accomplishments, investments and earnings
DETROIT, May 01, 2025 (GLOBE NEWSWIRE) -- DTE Energy (NYSE: DTE) today reported that it invested over $850 million into its utilities in the first quarter of 2025 and is on track to invest $4.4 billion this year to improve electric reliability, generate more renewable energy and ensure continued safe and reliable natural gas service for its customers. The company also reported first quarter earnings of $445 million or $2.14 per diluted share, compared with $313 million, or $1.51 per diluted share in 2024. Operating earnings for the first quarter 2025 were $436 million, or $2.10 per diluted share, compared with 2024 operating earnings of $346 million, or $1.67 per diluted share. Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. Reconciliations of reported earnings to operating earnings are included at the end of this news release. 'We know that when we invest, it works, which is why we are making significant investments to build the electric grid of the future, making it more resilient to extreme weather and more reliable for our customers,' said Jerry Norcia, DTE Energy chairman and CEO. 'At the same time, our innovative and highly engaged workforce is rebuilding our generation fleet to create a more balanced and diversified mix of energy.' Norcia noted the following accomplishments: Outlook for 2025 DTE Energy confirms 2025 operating EPS guidance of $7.09 - $7.23. 'We remain focused on achieving strong financial results and a constructive relationship with our regulators to continue investing above our generated cash flows,' said David Ruud, DTE executive vice president and CFO. 'At the same time our DTE team members are making exceptional progress improving our systems and generating efficiencies to keep bills as low as possible for our customers.' This earnings announcement and presentation slides are available at The company will conduct a conference call to discuss earnings results at 9:00 a.m. ET. Investors, the news media and the public may listen to a live internet broadcast of the call at The telephone dial-in number in the U.S. and Canada toll free is: (888) 510-2008. The telephone dial-in USA toll is: (646) 960-0306 and the Canada dial-in toll is: (289) 514-5035. The passcode is 4987588. The webcast will be archived on the DTE website at 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 Use of Operating Earnings Information - DTE Energy management believes that operating earnings provide a meaningful representation of the company's earnings from ongoing operations and uses operating earnings as the primary performance measurement for external communications with analysts and investors. Internally, DTE Energy uses operating earnings to measure performance against budget and to report to the Board of Directors. Operating earnings is a non-GAAP measure and should be viewed as a supplement and not a substitute for reported earnings, which represents the company's net income and the most comparable GAAP measure. In this release, DTE Energy discusses 2025 operating earnings guidance. It is likely that certain items that impact the company's 2025 reported results will be excluded from operating results. Reconciliations to the comparable 2025 reported earnings guidance are not provided because it is not possible to provide a reliable forecast of specific line items (i.e. future non-recurring items, certain mark-to-market adjustments and discontinued operations). These items may fluctuate significantly from period to period and may have a significant impact on reported earnings. The information contained herein is as of the date of this document. DTE Energy expressly disclaims any current intention to update any information contained in this document as a result of new information or future events or developments. Certain information presented herein includes 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, and businesses of DTE Energy. Words such as 'anticipate,' 'believe,' 'expect,' 'may,' 'could,' 'projected,' 'aspiration,' 'plans' and 'goals' signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to numerous assumptions, risks and uncertainties that may cause actual future results to be materially different from those contemplated, projected, estimated or budgeted. Many factors may impact forward-looking statements including, but not limited to, the following: the impact of regulation by the EPA, EGLE, the FERC, the MPSC, the NRC, and for DTE Energy, the CFTC and CARB, as well as other applicable governmental proceedings and regulations, including any associated impact on rate structures; the amount and timing of cost recovery allowed as a result of regulatory proceedings, related appeals, or new legislation, including legislative amendments and retail access programs; economic conditions and population changes in DTE Energy's geographic area resulting in changes in demand, customer conservation, and thefts of electricity and, for DTE Energy, natural gas; the operational failure of electric or gas distribution systems or infrastructure; impact of volatility in prices in international steel markets and in prices of environmental attributes generated from renewable natural gas investments on the operations of DTE Vantage; the risk of a major safety incident; environmental issues, laws, regulations, and the increasing costs of remediation and compliance, including actual and potential new federal and state requirements; the cost of protecting assets and customer data against, or damage due to, cyber incidents and terrorism; health, safety, financial, environmental, and regulatory risks associated with ownership and operation of nuclear facilities; volatility in commodity markets, deviations in weather and related risks impacting the results of DTE Energy's energy trading operations; changes in the cost and availability of coal and other raw materials, purchased power, and natural gas; advances in technology that produce power, store power or reduce or increase power consumption; changes in the financial condition of significant customers and strategic partners; the potential for losses on investments, including nuclear decommissioning trust and benefit plan assets and the related increases in future expense and contributions; access to capital markets and the results of other financing efforts which can be affected by credit agency ratings; instability in capital markets which could impact availability of short and long-term financing; impacts of inflation, tariffs, and the timing and extent of changes in interest rates; the level of borrowings; the potential for increased costs or delays in completion of significant capital projects; changes in, and application of, federal, state, and local tax laws and their interpretations, including the Internal Revenue Code, regulations, rulings, court proceedings, and audits; the effects of weather and other natural phenomena, including climate change, on operations and sales to customers, and purchases from suppliers; unplanned outages at our generation plants; employee relations and the impact of collective bargaining agreements; the availability, cost, coverage, and terms of insurance and stability of insurance providers; cost reduction efforts and the maximization of generation and distribution system performance; the effects of competition; changes in and application of accounting standards and financial reporting regulations; changes in federal or state laws and their interpretation with respect to regulation, energy policy, and other business issues; successful execution of new business development and future growth plans; contract disputes, binding arbitration, litigation, and related appeals; the ability of the electric and gas utilities to achieve goals for carbon emission reductions; and the risks discussed in DTE Energy's public filings with the Securities and Exchange Commission. New factors emerge from time to time. We cannot predict what factors may arise or how such factors may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements speak only as of the date on which such statements are made. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. For more information, members of the media may contact: Dan Miner, DTE Energy: 313.235.5555 For further information, analysts may call: Matt Krupinski, DTE Energy: 313.235.6649 John Dermody, DTE Energy: 313.235.8750
Newsweek
30-04-2025
- Entertainment
- Newsweek
Puppy in Foster Home Minutes Away From Adoption—Then It Takes a Turn
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. What started as just another adoption day soon turned into an internet spectacle, after a 3-month-old foster puppy decided that his potential adopters weren't a good match for him. A viral TikTok video shared in March by his foster carer, under the username @nick_norcia, shows the puppy, a Ridgeback, SharPei, pit bull, and possibly boxer mix, acting like a good boy as the poster recalls what happened. "My foster dog is sabotaging his chances of getting adopted," reads layover text in the clip. And a caption says: "At least he's cute." The poster, 29-year-old Nick Norcia, from Los Angeles, a content creator who also works in the movies, explained that when a family showed up to sign the adoption papers, his foster pup thought it would be funny to bite their clothes and feet, instead of trying to make a good impression on them. When Norcia stepped in to remove the pup from the situation, he was bitten on the arm and forehead and left bleeding with the blank adoption papers in his hands, which never got filled out in the end. Norcia, who started fostering pups through an LA based rescue, A Wish For Animals, after the fires and has so far homed two dogs this year, told Newsweek that while being fun and energetic, the puppy also has a sweet cuddly side. In spite of this, the family that had shown up for him never called back, and once again the puppy found himself without a permanent home. "I never heard back from them which I had expected based off their reaction. Some people just aren't cut for the crazy puppy phase, which is okay! There's PLENTY of adult dogs needing homes which would be perfect for that kind of adopter," he said. While he would have loved being able to keep the pup himself, Norcia explained that his job has him moving locations a lot, so an animal, especially a dog, wouldn't quite fit into his lifestyle. "Trust me, I want to make it work but right now I can't," he said. Puppies of all breeds are known for their naughty behaviors from time to time. Just like teenagers, dogs also go through adolescence, and during this period their hormonal changes can make them act less obediently. It often starts between six and 12 months and can end between 18 and 24 months. During their adolescence pups have a greater need to interact with those around them and to explore their environment, but tend to listen less. Screenshots of the viral video show the poster hugging his foster pup, after he sabotaged his own adoption day. Screenshots of the viral video show the poster hugging his foster pup, after he sabotaged his own adoption day. @nick_norcia The video quickly went viral on social media and it has so far received over 1.3 million views and 148,100 likes on the platform. One user, Billythebananarama, commented: "He did it on purpose so he can stay with you." Dee said: "As someone who's currently surviving having a puppy, if they don't understand that this is how puppies are, they aren't ready for one." Jo Sip added: "He was weeding out the people who'd surrender him as soon as he required commitment and unconditional love." Do you have funny and adorable videos or pictures of your pet you want to share? Send them to life@ with some details about your best friend and they could appear in our Pet of the Week lineup.
Yahoo
13-02-2025
- Business
- Yahoo
DTE Energy reports 2024 accomplishments, investments and earnings
Top-tier customer bill management; reduced customers' bills by $300 million in fuel and transportation cost savings Invested $4.4 billion in electric and gas infrastructure to improve reliability and generate cleaner energy Customers experienced a nearly 70% improvement in time spent without power from 2023 to 2024 Supported vulnerable customers by connecting them to $144 million in energy assistance Championed legislation to assist low-income customers Brought comfort to Michigan families with $63 million in Energy Efficiency Assistance Improved safety, reliability and service for natural gas customers Launched DTE's largest solar park and battery energy storage center Invested a record $3.3 billion in local business and championed job creation in Michigan DETROIT, Feb. 13, 2025 (GLOBE NEWSWIRE) -- DTE Energy (NYSE: DTE) today announced that it invested a record amount in 2024 in utility infrastructure, which helped customers experience a nearly 70% reduction in time spent without power. DTE Electric invested over $2.5 billion in infrastructure improvements and $1.1 billion in cleaner generation, while DTE Gas invested $740 million to upgrade its natural gas system and expand service to rural communities. The company also reported 2024 earnings of $1.4 billion, or $6.77 per diluted share, compared with $1.4 billion, or $6.76 per diluted share in 2023. Operating earnings for 2024 were $1.4 billion, or $6.83 per diluted share, compared with 2023 operating earnings of $1.2 billion, or $5.73 per diluted share. Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. Reconciliations of reported earnings to operating earnings are included at the end of this news release. '2024 was a breakthrough year for our company. We invested a historic $4 billion to modernize our infrastructure, which enabled our team to make significant progress building the electric grid of the future and upgrading our natural gas pipelines to produce more reliable, affordable and cleaner energy for our customers,' said Jerry Norcia, DTE Energy chairman and CEO. 'Furthermore, our progress in 2024 positions DTE to support Michigan's economic growth by powering the rise of data centers and the electrification of vehicles.' Norcia noted the following accomplishments: Top-tier bill management for customers; reduced customers' bills by $300 million in fuel and transportation cost savings: Reduced the Power Supply Cost Recovery (PSCR) mechanism, which represents the actual cost of the fuel and other sources the company uses to produce electricity, by approximately $300 million through 2025. This adjustment reduced residential customers' average electric bill by approximately $5 per month starting Nov. 1, 2024. Combined with this bill reduction, the electric rate order from the Michigan Public Service Commission results in residential electric customers not experiencing an increase in their monthly bills. Through supplier cost management, operational excellence and energy efficiency initiatives, DTE can claim top-tier bill management since 2021. Customers experienced a nearly 70% improvement in time spent without power from 2023 to 2024: DTE Electric made great progress toward improving reliability in 2024 by installing more than 450 smart technology reclosers, upgrading existing infrastructure including 850 miles of power lines and 3,400 utility poles, and trimming more than 4,300 miles of trees. This work to build a smarter, stronger and more resilient grid, coupled with less extreme weather, resulted in DTE customers experiencing a nearly 70% improvement in time spent without power from 2023 to 2024. Supported vulnerable customers by connecting them to $144 million in energy assistance: In the 2023-2024 fiscal year, DTE continued its partnership with human service agencies to connect vulnerable customers to nearly $144 million in energy assistance, providing access to more than $660 million in financial aid over the last five years. Championed legislation to assist low-income customers: Worked shoulder to shoulder with community leaders to double the Michigan Energy Assistance Program (MEAP) funding to $100 million in five years and increase the eligibility of MEAP funds to 200% of the Federal Poverty Level. Brought comfort to Michigan families with $63 million in Energy Efficiency Assistance: DTE's Energy Efficiency Assistance (EEA) program provided $63 million in critical home upgrades at no cost to income-qualified customers, helping them lower their energy bills while improving their comfort and safety. Nearly 5,000 Michigan families benefit annually from EEA upgrades like new LED light bulbs, insulation, air sealing and furnace and boiler tune-ups or replacements, high-efficiency water heaters and ENERGY STAR® refrigerators. This year, DTE allocated over $2 million to Detroit's North Coyle neighborhood, where families face some of the city's highest energy usage and completed nearly 3,000 HVAC upgrades and replacements for residents in this area and across the service territory. Improved safety, reliability and service for natural gas customers: DTE Gas ensured the continued delivery of safe and reliable energy to 1.3 million customers across Michigan by replacing cast iron pipes with more durable materials and moving nearly 16,000 natural gas meters to the outside of homes and businesses to ensure people's safety. DTE Gas also expanded natural gas service to 3,200 new customers in central and northern Michigan and earned top score in Customer Satisfaction for Business Natural Gas Service in Midwest from J.D. Power. Launched DTE's largest solar park and battery energy storage center: Sauk Solar, a 150-megawatt solar park with nearly 347,000 solar panels, began operations in October in central Michigan, generating enough clean energy to power approximately 40,000 homes. Sauk is the first of six new solar parks to come online, all of which are funded by customers voluntarily enrolled in MIGreenPower. As Michigan's largest producer of and investor in renewable energy, DTE also broke ground on the region's largest battery energy storage plant, the Trenton Channel Energy Center, in June. The company continues to build renewable energy and storage projects to meet customer demand through its CleanVision MIGreenPower program. These new initiatives will help DTE reach its goal of achieving net zero carbon emissions by 2050 and help Michigan achieve its renewable energy standard of 60% by 2035. Invested a record $3.3 billion in local businesses and championed job creation in Michigan: DTE spent $3.3 billion with local businesses in 2024, creating and sustaining nearly 14,000 jobs across Michigan. The company continues to be a leader in partnering with local suppliers, investing more than $24 billion since 2010 and creating or sustaining 92,000 Michigan jobs. DTE Energy Foundation granted $420,000 to Michigan domestic violence shelters: Continuing its mission to support victims of domestic violence in Michigan, DTE Energy Foundation awarded $420,000 to 45 state-funded domestic violence shelters, bringing the Foundation's total commitment to more than $3 million over the past six years. Earned numerous honors as a great place to work including: Gallup Exceptional Workplace Award for the 12th consecutive year, placing DTE in the top 6% of companies globally. C. Everett Koop National Health Award for programs to improve employee health and wellness. Best Place to Work for Disability Inclusion, earning a top score of 100 on the Disability Equality Index. Michigan Veteran Affairs Agency Employer Innovator Award for proactive recruitment and onboarding programs to improve veterans' lives. Outlook for 2025 DTE Energy announces its 2025 operating EPS guidance of $7.09 - $7.23. 'In 2024, our financial strength and constructive regulatory environment allowed us to continue to invest above our generated cash flows to provide improved reliability and cleaner, more affordable energy to millions of Michiganders," stated David Ruud, DTE's executive vice president and CFO. "We are well-prepared to meet our financial targets in 2025 and excited about our future." This earnings announcement and presentation slides are available at The company will conduct a conference call to discuss earnings results at 9:00 a.m. ET. Investors, the news media and the public may listen to a live internet broadcast of the call at The telephone dial-in number in the U.S. and Canada toll free is: (888) 510-2008. The telephone dial-in USA toll is: (646) 960-0306 and the Canada dial-in toll is: (289) 514-5035. The passcode is 4987588. The webcast will be archived on the DTE website at 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 Use of Operating Earnings Information - DTE Energy management believes that operating earnings provide a meaningful representation of the company's earnings from ongoing operations and uses operating earnings as the primary performance measurement for external communications with analysts and investors. Internally, DTE Energy uses operating earnings to measure performance against budget and to report to the Board of Directors. Operating earnings is a non-GAAP measure and should be viewed as a supplement and not a substitute for reported earnings, which represents the company's net income and the most comparable GAAP measure. In this release, DTE Energy discusses 2025 operating earnings guidance. It is likely that certain items that impact the company's 2025 reported results will be excluded from operating results. Reconciliations to the comparable 2025 reported earnings guidance are not provided because it is not possible to provide a reliable forecast of specific line items (i.e. future non-recurring items, certain mark-to-market adjustments and discontinued operations). These items may fluctuate significantly from period to period and may have a significant impact on reported earnings. The information contained herein is as of the date of this document. DTE Energy expressly disclaims any current intention to update any information contained in this document as a result of new information or future events or developments. Certain information presented herein includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, and businesses of DTE Energy. Words such as 'anticipate,' 'believe,' 'expect,' 'may,' 'could,' 'projected,' 'aspiration,' 'plans' and 'goals' signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to numerous assumptions, risks and uncertainties that may cause actual future results to be materially different from those contemplated, projected, estimated or budgeted. Many factors may impact forward-looking statements including, but not limited to, the following: the impact of regulation by the EPA, EGLE, the FERC, the MPSC, the NRC, and for DTE Energy, the CFTC and CARB, as well as other applicable governmental proceedings and regulations, including any associated impact on rate structures; the amount and timing of cost recovery allowed as a result of regulatory proceedings, related appeals, or new legislation, including legislative amendments and retail access programs; economic conditions and population changes in DTE Energy's geographic area resulting in changes in demand, customer conservation, and thefts of electricity and, for DTE Energy, natural gas; the operational failure of electric or gas distribution systems or infrastructure; impact of volatility in prices in international steel markets and in prices of environmental attributes generated from renewable natural gas investments on the operations of DTE Vantage; the risk of a major safety incident; environmental issues, laws, regulations, and the increasing costs of remediation and compliance, including actual and potential new federal and state requirements; the cost of protecting assets and customer data against, or damage due to, cyber incidents and terrorism; health, safety, financial, environmental, and regulatory risks associated with ownership and operation of nuclear facilities; volatility in commodity markets, deviations in weather and related risks impacting the results of DTE Energy's energy trading operations; changes in the cost and availability of coal and other raw materials, purchased power, and natural gas; advances in technology that produce power, store power or reduce or increase power consumption; changes in the financial condition of significant customers and strategic partners; the potential for losses on investments, including nuclear decommissioning and benefit plan assets and the related increases in future expense and contributions; access to capital markets and the results of other financing efforts which can be affected by credit agency ratings; instability in capital markets which could impact availability of short and long-term financing; impacts of inflation and the timing and extent of changes in interest rates; the level of borrowings; the potential for increased costs or delays in completion of significant capital projects; changes in, and application of, federal, state, and local tax laws and their interpretations, including the Internal Revenue Code, regulations, rulings, court proceedings, and audits; the effects of weather and other natural phenomena, including climate change, on operations and sales to customers, and purchases from suppliers; unplanned outages at our generation plants; employee relations and the impact of collective bargaining agreements; the availability, cost, coverage, and terms of insurance and stability of insurance providers; cost reduction efforts and the maximization of generation and distribution system performance; the effects of competition; changes in and application of accounting standards and financial reporting regulations; changes in federal or state laws and their interpretation with respect to regulation, energy policy, and other business issues; successful execution of new business development and future growth plans; contract disputes, binding arbitration, litigation, and related appeals; the ability of the electric and gas utilities to achieve goals for carbon emission reductions; and the risks discussed in DTE Energy's public filings with the Securities and Exchange Commission. New factors emerge from time to time. We cannot predict what factors may arise or how such factors may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements speak only as of the date on which such statements are made. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated more information, members of the media may contact:Dan Miner, DTE Energy: 313.235.5555 For further information, analysts may call:Matt Krupinski, DTE Energy: 313.235.6649John Dermody, DTE Energy: 313.235.8750 DTE Energy Company Segment Net Income (Unaudited) Three Months Ended December 31, 2024 2023 ReportedEarnings Pre-tax Adjustments IncomeTaxes(1) OperatingEarnings ReportedEarnings Pre-tax Adjustments IncomeTaxes(1) OperatingEarnings (In millions) DTE Electric segment $ 186 $ 12 A $ (3 ) $ 195 $ 225 $ 25 A $ (6 ) $ 244 DTE Gas segment 104 — — 104 104 — — 104 Non-utility operations DTE Vantage segment 61 23 B (6 ) 78 44 — — 44 Energy Trading segment 43 (7 ) C 3 39 102 (49 ) C 11 64 Non-utility operations 104 16 (3 ) 117 146 (49 ) 11 108 Corporate and Other (102 ) — — (102 ) (56 ) — 6 D (50 ) Net Income Attributable to DTE Energy Company $ 292 $ 28 $ (6 ) $ 314 $ 419 $ (24 ) $ 11 $ 406 (1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments. Adjustments key A) MPSC disallowance of certain capital project costs previously recorded — recorded in Operating Expenses — Asset (gains) losses and impairments, net B) Impairment of equity investment for closure of a renewable facility — recorded in Other (Income) and Deductions C) Certain adjustments resulting from derivatives being marked-to-market without revaluing the underlying non-derivative contracts and assets — recorded in Operating Expenses — Fuel, purchased power, gas, and other — non-utility D) Adjustment to Income Tax Expense due to a tax law change in MassachusettsDTE Energy Company Segment Diluted Earnings Per Share (Unaudited)(2) Three Months Ended December 31, 2024 2023 ReportedEarnings Pre-tax Adjustments IncomeTaxes(1) OperatingEarnings ReportedEarnings Pre-tax Adjustments IncomeTaxes(1) OperatingEarnings DTE Electric segment $ 0.90 $ 0.06 A $ (0.01 ) $ 0.95 $ 1.09 $ 0.12 A $ (0.03 ) $ 1.18 DTE Gas segment 0.50 — — 0.50 0.51 — — 0.51 Non-utility operations DTE Vantage segment 0.30 0.10 B (0.03 ) 0.37 0.21 — — 0.21 Energy Trading segment 0.21 (0.03 ) C 0.01 0.19 0.49 (0.22 ) C 0.05 0.32 Non-utility operations 0.51 0.07 (0.02 ) 0.56 0.70 (0.22 ) 0.05 0.53 Corporate and Other (0.50 ) — — (0.50 ) (0.28 ) — 0.03 D (0.25 ) Net Income Attributable to DTE Energy Company $ 1.41 $ 0.13 $ (0.03 ) $ 1.51 $ 2.02 $ (0.10 ) $ 0.05 $ 1.97 (1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments. (2) Per share amounts are divided by Weighted Average Common Shares Outstanding — Diluted, as noted on the Consolidated Statements of Operations. Adjustments key — see previous page DTE Energy Company Segment Net Income (Unaudited) Twelve Months Ended December 31, 2024 2023 ReportedEarnings Pre-tax Adjustments IncomeTaxes(1) OperatingEarnings ReportedEarnings Pre-tax Adjustments IncomeTaxes(1) OperatingEarnings (In millions) DTE Electric segment $ 1,072 $ 32 A $ (8 ) $ 1,105 $ 772 $ 25 B $ (6 ) $ 791 12 B (3 ) DTE Gas segment 257 8 A (2 ) 263 294 — — 294 Non-utility operations DTE Vantage segment 135 (25 ) C 6 133 153 — — 153 23 D (6 ) Energy Trading segment 125 (34 ) E 9 100 336 (308 ) E 77 105 Non-utility operations 260 (36 ) 9 233 489 (308 ) 77 258 Corporate and Other (185 ) — — (185 ) (158 ) — (7 ) F (159 ) — 6 G Net Income Attributable to DTE Energy Company $ 1,404 $ 16 $ (4 ) $ 1,416 $ 1,397 $ (283 ) $ 70 $ 1,184 (1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments. Adjustments key A) One-time costs resulting from the voluntary separation incentive program — recorded in Operating Expenses — Operation and maintenance B) MPSC disallowance of certain capital project costs previously recorded — recorded in Operating Expenses — Asset (gains) losses and impairments, net C) Gain on sale of equity investment — recorded in Other (Income) and Deductions D) Impairment of equity investment for closure of a renewable facility — recorded in Other (Income) and Deductions E) Certain adjustments resulting from derivatives being marked-to-market without revaluing the underlying non-derivative contracts and assets — recorded in Operating Expenses — Fuel, purchased power, gas, and other — non-utility F) Adjustment to Income Tax Expense due to a tax law change in West Virginia G) Adjustment to Income Tax Expense due to a tax law change in MassachusettsDTE Energy Company Segment Diluted Earnings Per Share (Unaudited)(2) Twelve Months Ended December 31, 2024 2023 ReportedEarnings Pre-tax Adjustments IncomeTaxes(1) OperatingEarnings ReportedEarnings Pre-tax Adjustments IncomeTaxes(1) OperatingEarnings DTE Electric segment $ 5.18 $ 0.15 A $ (0.04 ) $ 5.34 $ 3.74 $ 0.12 B $ (0.03 ) $ 3.83 0.06 B (0.01 ) DTE Gas segment 1.24 0.04 A (0.01 ) 1.27 1.43 — — 1.43 Non-utility operations DTE Vantage segment 0.65 (0.11 ) C 0.03 0.64 0.74 — — 0.74 0.10 D (0.03 ) Energy Trading segment 0.60 (0.16 ) E 0.04 0.48 1.63 (1.49 ) E 0.37 0.51 Non-utility operations 1.25 (0.17 ) 0.04 1.12 2.37 (1.49 ) 0.37 1.25 Corporate and Other (0.90 ) — — (0.90 ) (0.78 ) — (0.03 ) F (0.78 ) — 0.03 G Net Income Attributable to DTE Energy Company $ 6.77 $ 0.08 $ (0.02 ) $ 6.83 $ 6.76 $ (1.37 ) $ 0.34 $ 5.73 (1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments. (2) Per share amounts are divided by Weighted Average Common Shares Outstanding — Diluted, as noted on the Consolidated Statements of Operations. Adjustments key — see previous page Sign in to access your portfolio
