DTE Energy Company (DTE) Investor presentation summary

Strategic sale and earnings growth

• Sale of primarily all Vantage assets, excluding EES Coke, valued at ~$3bn; closing targeted for 1H 2027, with institutional investors advised by J.P. Morgan Asset Management as buyer.

• Sale proceeds are planned for utility businesses; $500m of 2026 equity sold under forward contracts is deferred to 2027.

• Operating EPS CAGR target exceeds 9% from 2027-2031, with growth well over 9% in 2028-2029 and at least 9% in 2030-2031.

• 2026 operating EPS guidance is $7.59-$7.73, with positioning to achieve the high end.

Data center contracts and affordability

• 2.4 GW of executed agreements: Oracle 1.4 GW, with load expected to ramp in 2027, and Google 1.0 GW, with load expected to ramp in 2028.

• Oracle load growth could delay the next electric rate case filing until at least 2028; the Google ramp could extend the ability to stay out of rate cases.

• Additional pipeline totals 5-6 GW, including ~2 GW in advanced discussions and a targeted agreement by year-end 2026, plus 3-4 GW of other opportunities.

• Oracle and Google agreements include minimum monthly charges, long-term storage or clean-capacity agreements, termination fees, and credit and collateral protections for existing customers.

• Data center load growth supports affordability by selling excess capacity and spreading fixed costs across a larger base; residential electric bills rose 12.5% from 2021-2026, versus 28.9% for the Great Lakes average and 29.4% nationally.

Utility investment and reliability

• The updated 2027-2031 utility investment plan totals $44.2bn, nearly 30% above the prior plan's $34.5bn.

• Planned investments include $23bn in cleaner generation, $12bn in distribution, $4bn in electric base infrastructure, and $5bn in gas infrastructure.

• The $12bn distribution plan targets 30% fewer power outages and outage time cut in half by 2029.

• The 2027-2031 gas plan totals $5.2bn; more than 2,100 miles have been renewed since the main renewal program began.