DTE Energy Company (DTE) Investor presentation summary

Strategic growth and operational performance

• Achieved significant reliability improvements, including a 90% reduction in outage duration since 2023 and best SAIDI metric in nearly 20 years.

• Advanced clean energy transition with 330 MW of solar in service in 2025, 745 MW under construction, and a 220 MW battery project targeting late 2026.

• Converted Belle River unit 1 from coal to gas in 2025; unit 2 conversion on track for 2026.

• Safe harbored tax credits into 2029 support affordable investments, enabling ~900 MW of renewables built annually over the next five years.

• On track to reduce power outages by 30% and halve outage time by 2029 through smart grid, maintenance, and infrastructure upgrades.

Data center expansion and capital investment

• Oracle 1.4 GW data center approved and under construction; Google 1 GW agreement executed, pending regulatory approval.

• Data center projects drive significant affordability benefits for existing customers, with Oracle expected to deliver $300 million annually and Google $1.7 billion over contract life.

• Additional pipeline of up to 5 GW in advanced discussions, potentially requiring new baseload, renewables, and storage investments.

• Five-year capital plan increased to $36.5 billion, with further upside possible from additional data center opportunities.

• Incremental capital needs supported by equity issuances of $500–$600 million annually and potential junior subordinated debt.

Financial guidance and shareholder value

• 2026 operating EPS guidance midpoint of $7.66, representing 7% growth over 2025; positioned to achieve high end of 6–8% long-term EPS growth target through 2030.

• Consistent financial performance, meeting or exceeding operating EPS guidance 18 of the past 19 years.

• Strong balance sheet and investment-grade credit ratings support robust investment agenda.

• Cash from operations projected at $3.9 billion in 2026, with $6.8 billion in capital expenditures and $1 billion in dividends.

• Regulatory environment supports timely cost recovery and infrastructure investment, with a 10-month rate case cycle and forward test year.