DTE Energy Appoints New President and COO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 23 2026
0mins
Source: PRnewswire
- Leadership Transition: Renee Tomina will succeed Robert Richard as president and COO of DTE Gas effective June 29, marking a significant leadership change after Richard's 23 years at DTE and 40 years in the industry.
- Service Coverage: DTE Gas serves 1.4 million homes and businesses across Michigan, and Tomina will oversee the update and replacement of over 4,000 miles of natural gas pipeline and infrastructure, ensuring system reliability and safety to support business growth.
- Experienced Leader: Having joined DTE in 2010, Tomina has held various leadership roles, previously serving as vice president of DTE Gas where she managed utility gas operations, showcasing her extensive background and leadership capabilities in the energy sector.
- Strategic Vision: Tomina expressed her commitment to modernizing the system and expanding natural gas services, supporting a cleaner energy future for Michigan, reflecting DTE's dedication to sustainability and community responsibility.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy DTE?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on DTE
Wall Street analysts forecast DTE stock price to fall
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 150.570
Low
141.00
Averages
149.00
High
158.00
Current: 150.570
Low
141.00
Averages
149.00
High
158.00
About DTE
DTE Energy Company is a diversified energy company, which is involved in the development and management of energy-related businesses and services nationwide. The Company’s segments include Electric, Gas, DTE Vantage, Energy Trading, and Corporate and Other. Electric segment consists principally of DTE Electric, which is engaged in the generation, purchase, distribution, and sale of electricity to residential, commercial, and industrial customers in southeastern Michigan. Gas segment consists principally of DTE Gas, which is engaged in the purchase, storage, transportation, distribution, and sale of natural gas to residential, commercial, and industrial customers throughout Michigan. DTE Vantage segment is comprised primarily of renewable energy projects that sell electricity and pipeline-gas and projects that deliver custom energy solutions to industrial, commercial, and institutional customers. Energy Trading segment consists of energy marketing and trading operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
DTE Energy Appoints New President and COO
- Leadership Transition: Renee Tomina will succeed Robert Richard as president and COO of DTE Gas effective June 29, marking a significant leadership change after Richard's 23 years at DTE and 40 years in the industry.
- Service Coverage: DTE Gas serves 1.4 million homes and businesses across Michigan, and Tomina will oversee the update and replacement of over 4,000 miles of natural gas pipeline and infrastructure, ensuring system reliability and safety to support business growth.
- Experienced Leader: Having joined DTE in 2010, Tomina has held various leadership roles, previously serving as vice president of DTE Gas where she managed utility gas operations, showcasing her extensive background and leadership capabilities in the energy sector.
- Strategic Vision: Tomina expressed her commitment to modernizing the system and expanding natural gas services, supporting a cleaner energy future for Michigan, reflecting DTE's dedication to sustainability and community responsibility.
See More
DTE Energy Declares $1.165 Cash Dividend Per Share
- Dividend Declaration: DTE Energy's Board of Directors has declared a cash dividend of $1.165 per share, payable on October 15, 2026, to shareholders of record as of September 21, 2026, demonstrating the company's commitment to returning value to its investors.
- Historical Legacy: With over a century of history, DTE Energy's consistent dividend payments not only bolster investor confidence but also reflect its robust financial health and profitability.
- Customer Base: DTE Energy serves 2.3 million electric customers and 1.4 million gas customers across Michigan, highlighting its significant market presence and influence in the regional energy sector.
- Sustainability Goals: The company is committed to accelerating its carbon reduction targets through diverse energy solutions and renewable energy generation, showcasing its proactive stance and strategic positioning in addressing climate change.
See More
DTE Energy Secures $1.6B Loan for Gas Infrastructure Upgrade
- Loan Amount: The U.S. Department of Energy has finalized a $1.6 billion loan for DTE Energy to modernize approximately 800 miles of natural gas distribution mains and service lines in Michigan, significantly enhancing the company's infrastructure investment capabilities.
- Cost Savings: The project is expected to generate over $700 million in cost savings for millions of customers in Michigan by rebuilding compressor infrastructure used to store natural gas during low-demand periods, thereby reducing prices for customers during peak demand.
- Increased Lobbying: DTE Energy has ramped up its federal lobbying efforts, with Q2 spending rising by about one-third compared to the same period last year, indicating a proactive strategy in influencing policy and securing funding.
- Market Reaction: Following this announcement, DTE Energy's stock rose by 0.4% in Monday's trading, reflecting market optimism regarding the company's growth potential and infrastructure investments.
See More
DTE Energy Announces $1.6 Billion Clean Energy Investment in Michigan
- Investment Scale: DTE Energy has announced a $1.6 billion investment in Michigan, partnering with LG Energy Solution Vertech to develop locally-made battery energy storage systems aimed at advancing the state's clean energy transition.
- Project Count and Economic Impact: The procurement agreement will support eight battery storage projects, expected to be delivered over a two-year period, generating an estimated total economic impact of $2.3 billion, highlighting the extensive economic benefits of the initiative.
- Storage Capacity: These eight projects will deliver 1.5 gigawatts of power storage capacity, equivalent to 6 gigawatt hours of battery storage, significantly enhancing grid reliability by storing electricity during excess generation and distributing it during peak demand.
- Grid Pressure Relief: By storing electricity during times of excess generation and distributing it as needed, the battery energy storage systems will effectively reduce strain on the grid, enhancing the stability of power supply and supporting Michigan's sustainability goals.
See More
LG Energy Solution Secures $1.6B Battery Supply Deal with DTE Energy
- Stock Surge: Shares of LG Energy Solution surged by up to 16.56% on Thursday following its U.S. unit's announcement of a $1.6 billion battery supply deal with DTE Energy, reflecting strong market confidence in the company's growth prospects.
- Project Scale: The agreement encompasses eight projects that will deliver 1.5 gigawatts of battery storage capacity, equivalent to 6 gigawatt-hours, enabling electricity to be stored during excess generation and distributed as needed, significantly enhancing grid flexibility and reliability.
- Production Capacity Expansion: LG Energy Solution's battery production network in North America includes three standalone facilities and two joint ventures, with plans to secure over 50GWh of battery production capacity by the end of this year to meet the increasing local market demand, further solidifying its market position.
- Strategic Market Response: CEO Jaehong Park emphasized that as more U.S.-made energy storage projects are added, LG Energy Solution is actively responding to customer demand for locally produced batteries, showcasing its critical role in supporting national energy needs.
See More
LG Energy Solution Shares Surge After Securing $1.6B Battery Deal
- Stock Surge: Shares of LG Energy Solution surged by as much as 16.56% on Thursday, primarily driven by its U.S. unit securing a contract to supply battery cells for DTE Energy's storage projects, reflecting strong market confidence in the company's future growth.
- Major Contract Awarded: The $1.6 billion deal involves eight projects that will deliver 1.5 gigawatts of battery storage, or 6 gigawatt-hours, enabling electricity to be stored during excess generation and distributed as needed, further solidifying LG's position in the U.S. market.
- Business Expansion: LG Energy Solution is actively expanding its energy storage systems business in the U.S., with its North American battery production network comprising three standalone facilities and two joint ventures, demonstrating the company's proactive response to local customer demand.
- Production Capacity Growth: The company aims to secure over 50GWh of energy storage systems battery production capacity in the region by the end of this year, indicating its long-term strategic positioning in the U.S. market and support for national energy needs.
See More
DTE Energy Appoints New President and COO
- Leadership Transition: Renee Tomina will succeed Robert Richard as president and COO of DTE Gas effective June 29, marking a significant leadership change after Richard's 23 years at DTE and 40 years in the industry.
- Service Coverage: DTE Gas serves 1.4 million homes and businesses across Michigan, and Tomina will oversee the update and replacement of over 4,000 miles of natural gas pipeline and infrastructure, ensuring system reliability and safety to support business growth.
- Experienced Leader: Having joined DTE in 2010, Tomina has held various leadership roles, previously serving as vice president of DTE Gas where she managed utility gas operations, showcasing her extensive background and leadership capabilities in the energy sector.
- Strategic Vision: Tomina expressed her commitment to modernizing the system and expanding natural gas services, supporting a cleaner energy future for Michigan, reflecting DTE's dedication to sustainability and community responsibility.
See More
DTE Energy Declares $1.165 Cash Dividend Per Share
- Dividend Declaration: DTE Energy's Board of Directors has declared a cash dividend of $1.165 per share, payable on October 15, 2026, to shareholders of record as of September 21, 2026, demonstrating the company's commitment to returning value to its investors.
- Historical Legacy: With over a century of history, DTE Energy's consistent dividend payments not only bolster investor confidence but also reflect its robust financial health and profitability.
- Customer Base: DTE Energy serves 2.3 million electric customers and 1.4 million gas customers across Michigan, highlighting its significant market presence and influence in the regional energy sector.
- Sustainability Goals: The company is committed to accelerating its carbon reduction targets through diverse energy solutions and renewable energy generation, showcasing its proactive stance and strategic positioning in addressing climate change.
See More
DTE Energy Secures $1.6B Loan for Gas Infrastructure Upgrade
- Loan Amount: The U.S. Department of Energy has finalized a $1.6 billion loan for DTE Energy to modernize approximately 800 miles of natural gas distribution mains and service lines in Michigan, significantly enhancing the company's infrastructure investment capabilities.
- Cost Savings: The project is expected to generate over $700 million in cost savings for millions of customers in Michigan by rebuilding compressor infrastructure used to store natural gas during low-demand periods, thereby reducing prices for customers during peak demand.
- Increased Lobbying: DTE Energy has ramped up its federal lobbying efforts, with Q2 spending rising by about one-third compared to the same period last year, indicating a proactive strategy in influencing policy and securing funding.
- Market Reaction: Following this announcement, DTE Energy's stock rose by 0.4% in Monday's trading, reflecting market optimism regarding the company's growth potential and infrastructure investments.
See More
DTE Energy Announces $1.6 Billion Clean Energy Investment in Michigan
- Investment Scale: DTE Energy has announced a $1.6 billion investment in Michigan, partnering with LG Energy Solution Vertech to develop locally-made battery energy storage systems aimed at advancing the state's clean energy transition.
- Project Count and Economic Impact: The procurement agreement will support eight battery storage projects, expected to be delivered over a two-year period, generating an estimated total economic impact of $2.3 billion, highlighting the extensive economic benefits of the initiative.
- Storage Capacity: These eight projects will deliver 1.5 gigawatts of power storage capacity, equivalent to 6 gigawatt hours of battery storage, significantly enhancing grid reliability by storing electricity during excess generation and distributing it during peak demand.
- Grid Pressure Relief: By storing electricity during times of excess generation and distributing it as needed, the battery energy storage systems will effectively reduce strain on the grid, enhancing the stability of power supply and supporting Michigan's sustainability goals.
See More
LG Energy Solution Secures $1.6B Battery Supply Deal with DTE Energy
- Stock Surge: Shares of LG Energy Solution surged by up to 16.56% on Thursday following its U.S. unit's announcement of a $1.6 billion battery supply deal with DTE Energy, reflecting strong market confidence in the company's growth prospects.
- Project Scale: The agreement encompasses eight projects that will deliver 1.5 gigawatts of battery storage capacity, equivalent to 6 gigawatt-hours, enabling electricity to be stored during excess generation and distributed as needed, significantly enhancing grid flexibility and reliability.
- Production Capacity Expansion: LG Energy Solution's battery production network in North America includes three standalone facilities and two joint ventures, with plans to secure over 50GWh of battery production capacity by the end of this year to meet the increasing local market demand, further solidifying its market position.
- Strategic Market Response: CEO Jaehong Park emphasized that as more U.S.-made energy storage projects are added, LG Energy Solution is actively responding to customer demand for locally produced batteries, showcasing its critical role in supporting national energy needs.
See More
LG Energy Solution Shares Surge After Securing $1.6B Battery Deal
- Stock Surge: Shares of LG Energy Solution surged by as much as 16.56% on Thursday, primarily driven by its U.S. unit securing a contract to supply battery cells for DTE Energy's storage projects, reflecting strong market confidence in the company's future growth.
- Major Contract Awarded: The $1.6 billion deal involves eight projects that will deliver 1.5 gigawatts of battery storage, or 6 gigawatt-hours, enabling electricity to be stored during excess generation and distributed as needed, further solidifying LG's position in the U.S. market.
- Business Expansion: LG Energy Solution is actively expanding its energy storage systems business in the U.S., with its North American battery production network comprising three standalone facilities and two joint ventures, demonstrating the company's proactive response to local customer demand.
- Production Capacity Growth: The company aims to secure over 50GWh of energy storage systems battery production capacity in the region by the end of this year, indicating its long-term strategic positioning in the U.S. market and support for national energy needs.
See More
