Joi Harris

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

Leading DTE's sale of Vantage and its $44 billion utility investment plan

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

Notable Quotes

DTE Vantage has been a strong non-utility business and valued part of DTE Energy for more than 30 years.

from DTE to sell non-utility Vantage business to fund grid and data center buildout · Updated 1 hour ago

This transaction advances our strategy to focus our resources on our regulated electric and gas utilities, where we see significant opportunities to invest on behalf of customers and communities.

from DTE to sell non-utility Vantage business to fund grid and data center buildout · Updated 1 hour ago