DTE Energy Company has filed a Current Report on Form 8-K dated September 28, 2026, announcing a business update and investor meetings scheduled for September 28-29, 2026. The filing includes an exhibit (Exhibit 99.1) detailing the company's business presentation.
The company provided 2026 operating earnings per share (EPS) guidance, projecting growth of 6% to 8% over the 2025 guidance midpoint. DTE Energy stated it is well-positioned to achieve the high end of this range, citing Renewable Natural Gas (RNG) tax credits as a driver. The company maintains a long-term operating EPS growth rate target of 6% to 8% through 2030, using the 2026 guidance midpoint as the base.
In terms of infrastructure, DTE Energy outlined a $11 billion distribution investment plan for the next five years. The company aims to reduce power outages by 30% and cut outage time in half by 2029. Specific projects include converting 72 square miles of 4.8kV circuits to 13.2kV and rebuilding 22 miles of subtransmission. The company also plans to complete 969 miles of Pole Top Maintenance and Management (PTMM) in 2025, ramping up to 1,700 miles in 2026.
DTE Energy is advancing data center opportunities, which it says provide significant affordability benefits. A 1.4 GW Oracle data center is approved and under construction, while a 1 GW Google data center contract has been submitted to the Michigan Public Service Commission (MPSC) for approval. The company noted that these projects could allow for a delay in the next DTE Electric rate case filing until at least 2028.
The company reaffirmed its plan to retire all coal by 2032, specifically targeting the retirement of Monroe Power Plant Units 3 and 4 in 2028, followed by Units 1 and 2 in 2032. To support this transition and meet reliability standards, the company plans to add 15 GW of renewable energy, 4.5 GW of energy storage (including nearly 1.7 GW of long-duration storage), and 2.2 GW of natural gas capacity.
Regarding its financial strategy, DTE Energy targets equity issuances of $500 to $600 million annually from 2026 through 2028. This capital need is attributed to a $3.5 billion increase in capital over the next three years to support data center load growth and generation investments. The company also indicated a potential plan to issue additional junior subordinated debt to support balance sheet metrics.
