DTE Energy service area in Michigan slammed by severe storms

Aug. 30, 2022 12:43 PM ETDTE Energy Company (DTE), CMSBy: Carl Surran, SA News Editor1 Comment

Exterior Of Detroit Edison DTE Utility Company In Southeast Michigan

ehrlif/iStock Editorial via Getty Images

More than 260K DTE Energy (NYSE:DTE) customers are without power on Tuesday morning, a day after severe storms toppled trees and downed more than 3K power lines across Michigan, according to ClickOnDetroit.

A 14-year-old girl was electrocuted late in Monroe when she came in contact with an electrical line that fell during the storm.

DTE Energy (DTE) reported 264,617 customers were still in the dark as of noon Tuesday, just under 12% of its entire service area.

The utility said 1,890 crews are in the field working to restore power, and it expects to restore service to 80% of affected customers by the end of Thursday.

Consumers Energy (NYSE:CMS) said outages occurred in nearly half of Michigan's counties, and it has restored electricity to 40K customers out of 150K that lost power.

DTE Energy (DTE) is a "slow and steady dividend grower," Cash Builder Opportunities writes in a bullish analysis posted earlier this summer on Seeking Alpha.

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