DTE Energy made $1.5 billion, paid no federal taxes for a 12th straight year, and wants a 10% rate hike

Category: Markets

Published: 2026-06-20T07:36:39.000Z

DTE Energy, a Detroit-based utility company, earned $1.5 billion in 2025 but paid no federal income taxes for the twelfth consecutive year and is simultaneously seeking a nearly 10% rate hike for residential electric customers. The company credits federal incentives for infrastructure and clean energy investments for its tax-free status, claiming these benefits are passed on to customers. Despite reliability and affordability concerns, the Michigan Public Service Commission has approved over $1 billion in annual revenue increases for DTE, raising questions about the company's profitability versus customer burden.

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