Dte Energy Co (DTB) 10-Q Quarterly Report Tue Oct 27 2020

Exhibit 99.1 DTE Energy reports strong third-quarter 2020 results; company increases 2020 guidance, provides 2021 early outlook, and increases dividend 7%  Ranked first in customer satisfaction at DTE Gas  Filed updated voluntary renewables plan  Named a Top Female Employer nationally DETROIT, Oct. 27, 2020 – DTE Energy (NYSE: DTE) today reported third quarter 2020 earnings of $476 million, or $2.46 per diluted share, compared with $319 million, or $1.73 per diluted share in 2019. Operating earnings for the third quarter 2020 were $504 million, or $2.61 per diluted share, compared with 2019 operating earnings of $351 million, or $1.91 per diluted share. Operating earnings exclude non- recurring items, certain mark-to-market adjustments and discontinued operations. Reconciliations of reported earnings to operating earnings are included at the end of this news release. The DTE Energy Board of Directors declared a $1.085 per share dividend on its common stock, payable Jan. 15, 2021, to shareholders of record at the close of business Dec. 21, 2020. This is a 7% increase from the previous quarterly dividend of $1.0125 per share. The new annualized dividend per share is $4.34, up from $4.05. This continues DTE Energy's consistent dividend history, having issued a cash dividend for more than 100 years. “In addition to strong financial performance we made solid strides in our clean energy journey,” said Jerry Norcia, DTE Energy president and CEO. “Our focus on serving our four key stakeholders – employees, customers, communities and investors – is unwavering.” Norcia also noted the following business and environmental accomplishments:  Ranked first in overall customer satisfaction at DTE Gas: J.D. Power’s 2020 study ranked DTE Gas first in customer satisfaction with residential customers in the Midwest.  Created new assistance programs, pledged $13 million to help customers struggling during pandemic: The commitment consists of donations to human service agencies plus direct relief to customers. DTE expects these efforts to help nearly 40,000 of its most vulnerable customers keep their energy flowing during this challenging time.  Continued support of Michigan businesses: Invested more than $1.7 billion with Michigan- based companies this year alone, executing our commitment to the Pure Michigan Business Connect local supplier initiative. This includes $763 million invested in the city of Detroit.  Filed updated MIGreenPower voluntary renewables plan with the Michigan Public Service Commission and gained more subscribers: The plan includes bringing online an additional 420 megawatts of solar energy by 2022, or enough clean energy to power 120,000 homes.  Named a Top Female Employer nationally: Ranked on Forbes’ list of Top Female Employers in 2020.  Pledged to help build extensive Midwest electric vehicle charging network: Joined other Midwest energy companies in a first-of-its-kind pledge to make interstate travel easier for electric vehicle owners by 2022.

The following information was filed by Dte Energy Co (DTB) on Tuesday, October 27, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Dte Energy Co provided additional information to their SEC Filing as exhibits

Exhibit 4.317: Fifty-First Supplemental Indenture Dated As Of August 1, 2020

Exhibit 4.318: Supplemental Indenture Dated As Of August 1, 2020

Exhibit 4.319: Supplemental Indenture Dated As Of October 1, 2020

Exhibit 31.185: Chief Executive Officer Section 302 Form 10-Q Certification - Dte Energy

Exhibit 31.186: Chief Financial Officer Section 302 Form 10-Q Certification - Dte Energy

Exhibit 31.187: Chief Executive Officer Section 302 Form 10-Q Certification - Dte Electric

Exhibit 31.188: Chief Financial Officer Section 302 Form 10-Q Certification - Dte Electric

Exhibit 32.185: Chief Executive Officer Section 906 Form 10-K Certification - Dte Energy

Exhibit 32.186: Chief Financial Officer Section 906 Form 10-K Certification - Dte Energy

Exhibit 32.187: Chief Executive Officer Section 906 Form 10-K Certification - Dte Electric

Exhibit 32.188: Chief Financial Officer Section 906 Form 10-K Certification - Dte Electric

Ticker: DTB
CIK: 936340
Form Type: 10-Q Quarterly Report
Accession Number: 0000936340-20-000256
Submitted to the SEC: Tue Oct 27 2020 11:53:36 AM EST
Accepted by the SEC: Tue Oct 27 2020
Period: Wednesday, September 30, 2020
Industry: Electric Services