Suryaa Business Desk: DTE Energy has announced a strategic shift in its business operations, entering into an agreement to sell its non-utility division, DTE Vantage, for approximately $3 billion. According to reports, the assets are being sold to institutional investors advised by J.P. Morgan Asset Management.
The agreement includes the sale of all DTE Vantage assets, with the exception of EES Coke. DTE Energy plans to utilize the proceeds from this sale to focus on its regulated electric and gas utility operations, specifically targeting infrastructure development to meet the rising electricity demand from data centers.
The company stated that this divestment is intended to support long-term growth and improve services for consumers. The transaction is expected to be completed in the first half of 2027.
