DTE Energy intends to pause future electric rate requests following upcoming filing as data centers come online
DTE Energy intends to pause future electric rate requests following upcoming filing as data centers come online |
| [23-April-2026] |
Affordability benefits from data centers expected to help offset reliability investments for all customers DETROIT, April 23, 2026 /PRNewswire/ -- DTE Energy (NYSE: DTE) announced today that its electric company intends to forego asking for rate increases for at least two years following its upcoming filing with the Michigan Public Service Commission (MPSC) on April 28, 2026. "Now more than ever, we know affordability matters to our customers – and we're doing everything we can to keep energy bills as low as possible while also providing the reliable power they need," said Joi Harris, president and chief executive officer, DTE Energy. "As long as the first data center project we're supporting comes online as planned by the end of 2027 and we're able to receive other regulatory approvals, we will refrain from filing another rate request until at least 2028—providing customers two years without an increase in rates after the current request is complete." Affordability Benefits of Data Center Development When a new large customer is brought onto the electric system, fixed costs can be spread more widely. DTE's two data center contracts – one approved and one currently with the MPSC for approval – will contribute nearly $9 billion to improving DTE's electric system through 2045, helping to reduce the total amount needed from other customers. "That's why we're excited to see the expected benefits of responsible data center development come to fruition," said Harris. "This new industry is not only helping to grow Michigan's economy, but once the data centers are fully online, it will make energy more affordable for all customers while bolstering our investments in creating the grid of the future." Upcoming investment request DTE Electric's upcoming investment request is designed to build on recent reliability gains and continue strengthening its electric grid for the customers and communities the company serves in southeast Michigan. The request reflects DTE's ongoing commitment to targeted investments that reduce outages, restore power faster when interruptions do occur and ensure reliable and cleaner energy for customers every day. In 2025, DTE's electric customers experienced the company's best reliability performance in nearly 20 years — progress driven by sustained investments in tree trimming, grid hardening, automation and other system improvements. "Reliable power isn't just about keeping the lights on, it's about supporting families, businesses and the broader Michigan economy," said Matt Paul, president and chief operating officer, DTE Electric. "While we're proud of our progress, we know we have more work ahead. Every investment we make moves us closer to our goal: a stronger, more reliable grid for every DTE customer, no matter the weather." As DTE continues investing in reliability and cleaner energy, the company is focused on limiting the long-term impact on customer bills and reducing the need for future rate requests. DTE continues to drive efficiencies in its operations and expects growing data center development to create meaningful customer affordability benefits over time. What Happens Next The filing on April 28 represents a formal request of $474.3 million to support several billion dollars of investment in the electric grid and power generation, marking the beginning of an approximately 10‑month regulatory review process. A final decision by the MPSC and any potential rate changes are not expected until late February 2027. Key Things Media Should Know
About DTE Energy DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.4 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE has continued to accelerate its carbon reduction goals to meet aggressive targets and is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy, emission reductions and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, x.com/DTE_Energy and facebook.com/dteenergy.
SOURCE DTE Energy | ||
Company Codes: NYSE:DTE |
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