Careers at DTE Energy
DTE Energy’s mission is to be a premier, full-service energy and energy technology company, providing solutions to meet the needs of 21st century customers.
DTE Energy is a provider of energy-related services. The firm operates four reportable business segments:
Electric – Consists of DTE Electric, which generates, purchases, distributes, and sells electricity to 2.2 million commercial, residential, and industrial customers in southeastern Michigan.
Gas – Consists of DTE Gas, which purchases, stores, transports, distributes, and sells natural gas to 1.2 million commercial, residential, and industrial customers throughout Michigan.
Non-Utility Operations – Consists of the following:
- Gas Storage and Pipelines, which includes natural gas pipelines, gathering, and storage businesses
- Power and Industrial Projects, which includes projects that deliver energy and utility-type products and services to industrial, commercial, and institutional customers, sell electricity from renewable energy projects, and produce reduced emissions fuel
- Energy Trading, which includes energy trading and marketing operations
- Corporate and Other, which includes various holding company activities and holds certain non-utility debt and energy-related investments
In 1903 Detroit Edison Company bought the securities of the Peninsular Electric Light Company and the Edison Illuminating Company and was incorporated. The new firm’s first priority was to establish additional generating capacity to accomodate its enlarged customer base, so it built the Delray power house and added a number of turbine generators.
Over the next decade, Detroit Edison grew through more construction and acquisitions. Its purchases included Washtenaw Light and Power Company, Ann Arbor Agricultural Company, and Michigan Milling Company, making it the owner of the Argo, Geddes, Barton, and Superior generating dams on the Huron River. The company also began to equip its plants with pollution control devices.
By 1929 Detroit Edison had a significant presence, supplying over 4,582 square miles. Later, it began trading on the New York Stock Exchange. In 1995, in response to various industry-wide changes, it was reorganized. Specifically, it became an operating subsidiary (along with a few other firms) of a newly formed holding company called DTE Energy. It is now a diversified energy company.
Business model of DTE Energy
DTE Energy has a mass market business model, with no significant differentiation between customers. The company targets its offerings at commercial, residential, and industrial customers.
DTE Energy offers two primary value propositions: accessibility and brand/status.
The company creates accessibility by providing a wide variety of options. It offers a broad range of services, which include energy marketing and trading; coal transportation and procurement; energy management services for commercial and industrial customers; independent and on-site power generation; and gas exploration, production, and processing.
The company has established a powerful brand due to its success. Its businesses operate in 22 states. Its main subsidiary, Detroit Edison, distributes electricity to 2.2 million customers in southeastern Michigan, and its power plants have a generating capacity of nearly 11,000 MW. Its Michigan Consolidated Gas (MichCon) unit distributes natural gas to 1.2 million customers. By 2015, DTE Energy was expected to have installed 1,000 megawatts of renewable electric generating capacity, or enough to power 400,000 homes. Lastly, it has won many honors, including the WasteWise Gold Award, Greening of the Downriver Award, and Neighborhood Environmental Partners Gold Award.
DTE Energy’s main channel is its direct sales team. The company promotes its offering through its website, social media pages, advertising, and participation in conferences.
DTE Energy’s customer relationship is primarily of a self-service, automated nature. Customers utilize its products and services while having limited interaction with employees.
DTE Energy’s business model entails generating its energy products and delivering its services.
DTE Energy’s key partners are the suppliers who provide the equipment and materials it needs to run its operations. It also depends on labor contractors and professional services providers.
DTE Energy’s main resources are its physical resources, which consist of the pipelines and plants it uses to produce its energy products.
DTE Energy has a cost-driven structure, aiming to minimize expenses through significant automation. Its biggest cost driver is cost of goods (fuel, power, and gas), a variable expense. Other major drivers are in the areas of operation and maintenance, fixed costs.
DTE Energy has two revenue streams: revenues it generates from utility operations and from non-utility operations.
Gerard M. Anderson,
Chairman and CEO
info: Gerard M. Anderson earned a Bachelor of Science in Civil Engineering at the University of Notre Dame and an MBA and Master’s of Public Policy at the University of Michigan. He previously served as President and Chief Operating Officer of DTE Energy.
David E. Meador,
Vice Chairman and Chief Administrative Officer
info: David E. Meador earned a Bachelor’s degree in Accounting and an MBA at Wayne State University. He previously served as Senior Vice President, Treasurer, and Chief Financial Officer of DTE Energy and held various roles at Chrysler.
President and Chief Operating Officer
info: Jerry Norcia earned a Bachelor of Science in Chemical Engineering at the University of Windsor. He previously served as President and Chief Operating Officer of DTE Electric and Gas Storage and Pipelines and as EVP of DTE’s gas utility operations.
Peter B. Oleksiak,
SVP and Chief Financial Officer
info: Peter B. Oleksiak earned a Bachelor of Science in Finance and Business Economics at Wayne State University and an MBA at the University of Pennsylvania. He previously served as Vice President, Controller & Investor Relations at DTE Energy.