Ford Motors is not the only powerhouse operating in Detroit -- DTE Electric is another. The utility (formerly known as Detroit Edison) generates and distributes electricity to 2.1 million customers in Michigan. The company, a unit of regional power player DTE Energy, has almost 11,000 MW of generating capacity from its interests in primarily fossil-fueled, nuclear, and hydroelectric power plants. It operates more than 46,000 circuit miles of distribution lines and owns and operates more than 670 distribution substations. DTE Electric also sells excess power to wholesale customers and provides coal transportation services.
The company serves customers across a 7,600-sq. ml. service area in southeastern Michigan.
The largest electric utility in Michigan, DTE Electric has a 1 million utility poles, 671 distribution substations, and 430,600 line transformers.
The utility operates nine fossil fuel-(coal, and oil) fired generating plants, and one nuclear power plant (which accounts for 30% of Michigan's nuclear power output). It also co-owns a hydroelectric pumped storage plant with Consumers Energy.
Reflecting a stronger economy and growing demand, in 2012 DTE Electric's revenues increased by 3% to $5.3 billion due to an 8% jump in residential segment sales, 11% growth in commercial segment revenues, and a 13% increase in industrial segment sales. Net income increased 11% in 2012 due to stronger sales and a 13% jump in other income.
The company has seen consistent revenue growth over the past five years.
To meet the state requirements for reducing carbon emissions, in 2009 the company announced plans to add 1,200 MW of renewable power by 2015, half through contracts with third-parties and the remainder through its own renewable energy projects (primarily wind farms). In 2011 the company was working on developing a 200 MW wind farm.
In 2010 the company began operating a 60-kW solar energy plant in Scio Township in Washtenaw County, the first installation to produce power for the grid under DTE Electric's SolarCurrents program. Its 270 solar panels, include 60 that track the sun's movement.
DTE Electric is a direct wholly owned subsidiary of DTE Energy.
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