DTE Energy Company (DTE) investor relations material

Strategic growth and operational highlights

• Highly engaged workforce focused on delivering best-in-class results for customers, communities, and investors, with a strong emphasis on customer-focused investments and grid reliability improvements.

• Significant progress in data center opportunities, including a 1.4 GW Oracle data center (approved and under construction) and a 1 GW Google data center agreement, both expected to drive substantial load growth and affordability benefits.

• Additional pipeline opportunities with hyperscalers could add up to 5 GW of new load, requiring further investments in generation, renewables, and storage.

• Data center projects are projected to provide $300 million in annual affordability benefits (Oracle) and $1.7 billion over the contract life (Google) for existing customers.

• Long-term operating EPS growth rate targeted at 6%-8% through 2030, with upside potential from RNG tax credits and data center expansion.

Reliability and infrastructure investments

• Achieved a 90% improvement in outage duration from 2023 to 2025, with best all-weather SAIDI metric in nearly 20 years.

• $11 billion distribution investment plan over the next five years, aiming to reduce power outages by 30% and halve outage time by 2029.

• Ongoing smart grid device installations, pole maintenance, tree trimming, and infrastructure rebuilds support reliability goals.

Regulatory and financial strategy

• Electric rate case filing supports disciplined investments in reliability and grid modernization, with a focus on affordability.

• Data center agreements enhance affordability and could delay future rate increases; IRP and REP filings provide long-term visibility.

• Strong balance sheet and credit profile maintained, targeting $500-$600 million in annual equity issuances (2026-2028) to support $3.5 billion capital increase for data center and generation investments.

• Investment-grade credit ratings targeted, with effective debt management and FFO/Debt ratio of ~15%.