DTE Energy in Detroit Agrees to Sell Non-utility DTE Vantage Business for $3B

DTE to sell non-utility business to fund grid upgrades, data center growth

The DTE Vantage sale does not include EES Coke Battery on Zug Island, a facility for which DTE is appealing a $100 million fine for air pollution.

DTE expands investment plan 30%, will sell unregulated subsidiary to fund growth

After the $3 billion sale of DTE Vantage, DTE “becomes a higher growth premium utility” and “a simpler business,” CEO Joi Harris told analysts Thursday. The company is also anticipating a push in the state legislature for multi-year rate making.

DTE Energy in Detroit Agrees to Sell Non-utility DTE Vantage Business for $3B

DTE Energy has agreed to sell its non-utility DTE Vantage business, including the EES Coke Battery installation on Zug Island (pictured), for approximately $3 billion to institutional investors advised by the Global Infrastructure group at J.P. Morgan Asset Management. // Photo courtesy of DTE Vantage DTE Energy in Detroit has agreed to sell its non-utility DTE Vantage business for approximately $3 billion to institutional investors advised by t…

DTE Energy to sell its non-utility business for about $3 billion

DTE Energy Agrees to Sell DTE Vantage for About $3 Billion

The buyers are institutional investors advised by J.P. Morgan Asset Management.

DTE Energy Sells Vantage Business for $3 Billion

DTE Energy is selling its non-utility Vantage business for about $3 billion to focus on Michigan electric and gas utility investment.