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DTE Energy to sell its non-utility business for about $3 billion

By Reuters News

Nov 5 (Reuters) - DTE Energy DTE.N said on Thursday it has agreed to sell its non-utility business, DTE Vantage, for about $3 billion, as it aims to sharpen its focus on regulated electric and gas operations.

The sale, to be made to institutional investors advised by Global Infrastructure group at J.P. Morgan Asset Management, 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 Detroit-based utility said.

DTE Energy said it has invested nearly $4.1 billion in its utilities as of September 30, and remains on track to invest $6.1 billion this year. The sale is expected to close in the first half of 2027.

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