DTE Energy to sell its non-utility business for about $3 billion
DTE•DTE Energy agreed to sell its DTE Vantage non-utility business for about $3 billion to institutional investors advised by J.P. Morgan Asset Management. The sale is expected to close in the first half of 2027 and will support about $44 billion in planned customer-focused investment over five years.
1. Sale agreement
DTE Energy said it agreed to sell its non-utility business, DTE Vantage, for about $3 billion to institutional investors advised by the Global Infrastructure group at J.P. Morgan Asset Management. The sale is expected to close in the first half of 2027.
2. Planned investment
DTE said the sale will support about $44 billion in customer-focused capital investment planned over the next five years, including spending to meet growing data-center demand. The company said it had invested nearly $4.1 billion in its utilities as of September 30 and remains on track to invest $6.1 billion this year.
