Dte Energy Co (DTB) 10-K Annual Report Thu Feb 10 2022

DETROIT, Feb. 10, 2022 - DTE Energy (NYSE:DTE) today reported 2021 earnings for the year of $907 million, or $4.67 per diluted share, compared with $1.4 billion, or $7.08 per diluted share in 2020.

2021 operating earnings for the year were $1.2 billion, or $5.99 per diluted share, compared with 2020 operating earnings of $1.1 billion, or $5.61 per diluted share. Operating earnings per share for the year beat the company’s original 2021 guidance midpoint of $5.51. 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.

“Whether it was caring for our most vulnerable customers, improving our infrastructure, or advancing our environmental goals, we continued to make significant advances in our performance in 2021,” said Jerry Norcia, DTE Energy President and CEO. “Overall, we are positioned for a better future for our customers while addressing the realities of the pandemic and severe weather head-on.”

Norcia noted the following accomplishments:

Reaffirmed commitment to help most vulnerable customers during winter months – Among the first companies to make a commitment to the White House in November to expedite assistance to prevent shutting off service for Americans applying for aid. DTE Energy continued to partner with the Michigan Department of Health and Human Services to directly apply Low Income Home Energy Assistance Program and COVID Emergency Rental Assistance financial aid to the accounts of eligible customers.

Partnered with General Motors and the state of Michigan to support a commitment to accelerate an all-electric future – GM announced an investment of more than $7 billion in four Michigan manufacturing sites, creating 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity.

Increased renewable energy generation capacity by 40% – With a new solar park and the addition of three wind parks, DTE added 535-megawatts of renewable energy in 2021. The company’s 50-plus

The following information was filed by Dte Energy Co (DTB) on Thursday, February 10, 2022 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

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

Exhibit 4.1: Description Of The Company'S 2017 Series E Junior Subordinated Debentures

Exhibit 4.2: Description Of The Company'S 2021 Series E Junior Subordinated Debentures

Exhibit 4.3: Fifty-Second Supplemental Indenture Dated As Of November 21, 2021

Exhibit 10.1: 1St Amendment To 4Th Amended And Restated 5-Year Credit Agreement - Dte Energy

Exhibit 10.2: 1St Amendment To 4Th Amended And Restated 5-Year Credit Agreement - Dte Electric

Exhibit 10.3: 1St Amendment To 4Th Amended And Restated 5-Year Credit Agreement - Dte Gas

Exhibit 10.4: 2Nd Amendment To 4Th Amended And Restated 5-Year Credit Agreement - Dte Energy

Exhibit 10.5: Credit Agreement Dated As Of December 22, 2021 - Dte Energy

Exhibit 10.6: Dte Energy Company Deferred Stock Compensation Plan For Non-Employee Directors

Exhibit 10.7: Third Amendment To The Dte Energy Company Supplemental Retirement Plan

Exhibit 10.8: Fourth Amendment To The Dte Energy Company Supplemental Retirement Plan

Exhibit 21.1: Subsidiaries Of Dte Energy

Exhibit 23.1: Consent Of Pricewaterhousecoopers Llp - Dte Energy

Exhibit 23.2: Consent Of Pricewaterhousecoopers Llp - Dte Electric

Exhibit 31.1: Chief Executive Officer Section 302 Form 10-K Certification - Dte Energy

Exhibit 31.2: Chief Financial Officer Section 302 Form 10-K Certification - Dte Energy

Exhibit 31.3: Chief Executive Officer Section 302 Form 10-K Certification - Dte Electric

Exhibit 31.4: Chief Financial Officer Section 302 Form 10-K Certification - Dte Electric

Exhibit 32.1: Chief Executive Officer Section 906 Form 10-K Certification - Dte Energy

Exhibit 32.2: Chief Financial Officer Section 906 Form 10-K Certification - Dte Energy

Exhibit 32.3: Chief Executive Officer Section 906 Form 10-K Certification - Dte Electric

Exhibit 32.4: Chief Financial Officer Section 906 Form 10-K Certification - Dte Electric

Ticker: DTB
CIK: 936340
Form Type: 10-K Annual Report
Accession Number: 0000936340-22-000077
Submitted to the SEC: Thu Feb 10 2022 10:57:57 AM EST
Accepted by the SEC: Thu Feb 10 2022
Period: Friday, December 31, 2021
Industry: Electric Services