J.P. Morgan Asset Management

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DTE to sell non-utility Vantage business to fund grid and data center buildout

Advising institutional investors buying DTE Vantage

DTE Energy agreed to sell its non-utility Vantage business for about $3 billion to institutional investors advised by J.P. Morgan Asset Management. The company says the proceeds will help fund a $44 billion five-year plan to upgrade its electric and gas utilities, including grid reliability, renewables and data center demand.

Updated 1 hour ago