DTE Energy Explores Spin Of Non-Utility Units

DTE Energy Explores Spin Of Non-Utility Units

DTE Energy is shown in Detroit, Thursday, May 18, 2017. (AP Photo/Paul Sancya)



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Deal Overview

On October 8, 2020, Bloomberg reported that DTE Energy (NYSE: DTE, $119.07, Market Cap: $22.87 billion) is exploring options to either sell or spin-off its natural gas pipelines and other Non-Utility business operations. The company operates into two major business units, Utility operations and Non-Utility operations. Utility operations include DTE Electric and DTE Gas



DTE

while Non-Utility operations include Gas Storage and Pipelines, Power and Industrial projects and Energy trading. Post separation, the spin-off entity would operate the Non-Utility business, while the stub unit would operate the regulated Utility business comprised of Electric Utility and Gas distribution business.

According to