DTE DTE Energy Co.

$DTE Michigan regulators approved DTE's 20-year power contracts for Google's 1-gigawatt data center near Detroit (Project Cannoli) on Thursday, with the ratepayer protections doing the heavy lifting. Google pays a minimum billing demand of 80 percent of contracted capacity even if it uses less, versus 50 to 65 percent on the standard large-load rate. Early termination costs at least 15 years of minimum charges. And Google funds the clean build: up to 1,600 megawatts of new renewables plus 480 megawatts of battery storage that DTE will own and operate. DTE estimates the deal is worth 1.7 billion dollars over the 20-year term. The facility starts taking power in December 2027 and hits maximum load a year later. The stock is sitting at a 52-week low anyway after a round of analyst cuts, so the tape is not impressed yet.

$DTE Value trap here. Utilities had their day in the sun over the past couple of years. No more. The sector is going to take a long time to recover. Not worth the wait.

$DTE This ticker frequently shows weird AH prices. I imagine they're low volume scheduled buy/sells at set prices or something? Not sure what causes this. Seems specific to this company frequently.