DTE ENERGY CO
For the period ended Mar 7, 2024. Filed Mar 7, 2024.
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Mar 7, 2024 · Filed Mar 7, 2024
Contents
Cover page
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Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )
Filed by the Registrant☒ Filed by a Party other than the Registrant☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
|---|---|
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| ☐ | Soliciting Material Pursuant to §240.14a-12 |
DTE Energy Company
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
| ☒ | No fee required. |
|---|---|
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 |
Letter to Shareholders
We invite you to attend our company’s annual meeting of shareholders, which will be held on Thursday, May 2, 2024. Please see page 66 for details regarding attendance.
Fellow Shareholders,
We invite you to attend our company’s annual meeting of shareholders, which will be held in a virtual-only format on Thursday, May 2, 2024. Please see page 66 for details regarding attendance.
In 2023, as our company continued to fundamentally transform the way we generate and deliver cleaner, more reliable and affordable energy for our customers, our team of 10,000 employees leaned on our purpose: to improve people’s lives with our energy. We worked collaboratively with diverse external stakeholders to accelerate our long-term plans, learned new ways to provide better service to our customers, and finished the year a more innovative company than ever before.
While we managed a historic ice storm, tornadoes and other unique challenges, our team members stayed focused, maintaining our position in the top six percent of companies for employee engagement. Our team also successfully implemented our new Safety Energy Model to help us recognize and control high-energy hazards in our workspaces and formed two additional safety councils to protect our team members and the public.
We invested a record $1 billion to modernize our electric infrastructure and improve the reliability of our grid. With the support of thousands of team members across the company, we reduced our average storm restoration response time by 20 percent and had a record number of team members serve in public protection roles to keep people safe during last summer’s catastrophic storms.
Our Gas team replaced more than 200 miles of cast-iron pipes with more durable materials to ensure the continued delivery of safe and reliable natural gas to our 1.3 million DTE Gas customers. We also completed several major projects across Michigan to strengthen our gas system and enable us to add nearly 9,000 new customers. Our Home Protection Plus program continued to grow, delivering valuable services to more than 225,000 customers.
Our Vantage team helped our company thrive by partnering with Ford Motor Company to build, own and operate a central utility plant in Tennessee for Ford’s future – a six-square-mile manufacturing facility for the F-150 Lightning. Vantage began operating the plant in January 2024 and significantly expanded its partnership with Ford, contributing to our future growth.
In 2023, our dedicated team members made tremendous progress improving our service and executing long-term plans that will transform our company for continued growth and success in 2024 and beyond. We thank you for your continued partnership and valued investment in DTE.
Gerardo NorciaChairman and Chief Executive Officer
Mark A. MurrayLead Independent Director
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.