DTE Energy Increases 5-Year Spending Plan by 20% to $36.5 Billion for Data Center and Reliability Investments
DTE Energy has raised its five-year investment plan to $36.5 billion, a 20% increase, driven by demand from data centers and reliability projects. Key agreements include a contract to provide 1.4 GW of load for Oracle's data center in Saline Township, Michigan, with additional load expected. The plan includes nearly $2 billion for energy storage and aims to improve utility infrastructure and reduce outages. DTE reported fourth-quarter earnings of $1.65 per share, exceeding estimates, and confirmed its 2026 earnings guidance.
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DTE Energy's five-year spending plan has increased to $36.5 billion, up 20% from the previous plan, primarily to accommodate data center demand, particularly for Oracle's new facility in Saline Township, Michigan. The utility has secured contracts to supply 1.4 GW of load and has 3 GW in discussions.
The plan includes a $2 billion investment in energy storage. In 2025, DTE achieved over $4.3 billion in capital investments to enhance reliability and clean energy initiatives, resulting in improved outage duration by approximately 90%. DTE's fourth-quarter earnings of $1.65 per share surpassed expectations, and the company confirmed its 2026 earnings guidance range.
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