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DTE Energy Company

01/20/2021 | Press release | Distributed by Public on 01/20/2021 12:04

DTE Midstream announces 2050 net zero carbon emissions goal

DTE Midstream announces 2050 net zero carbon emissions goal

Company estimates greenhouse gas emissions reduction of 3.5 million metric tons in its operations annually by 2050

DETROIT, Jan. 20, 2021 - DTE Midstream, DTE Energy's non-utility natural gas pipeline, storage and gathering business, today announced its goal to achieve net zero greenhouse gas emissions by 2050; achieving 30% of this carbon emissions reduction in the next decade. The company is among the first in its sector to establish a 2050 net zero carbon emissions goal. The roadmap to achieving this ambitious goal includes comprehensive integration of carbon capture strategies to reduce emissions in its operations.

'Climate change is one of the defining public policy issues of our time. I'm proud that DTE Midstream is joining our electric and gas utilities in our goal to achieve net zero carbon emissions by 2050,' said Jerry Norcia, president and CEO of DTE Energy. 'This announcement is another example of DTE's commitment to a clean energy future.'

DTE Midstream has already made inroads in the company's environmental stewardship journey. Since 2016, DTE Midstream has partnered with the Environmental Protection Agency (EPA) in its Methane Challenge Program to reduce methane emissions from natural gas operations. This partnership has focused on implementing best management practices to mitigate methane emissions from midstream operations. As a result, EPA leaders have recognized DTE Midstream as a leader in reducing methane emissions and improving air quality in the United States.

In 2020, DTE Midstream posted its methane intensity data as part of DTE's Natural Gas Sustainability Initiative (NGSI) report. NGSI is a voluntary, industry-wide approach for companies to calculate methane emissions intensity by segment. DTE is the first company in the nation to publish this report and is leading the industry in protocol adoption.

'With this announcement, we are committing to do our part to address climate change,' said David Slater, DTE Midstream president and COO. 'DTE Midstream's goal not only supports sustainability, but also answers a marketplace need for pipeline, storage and gathering partners who share their customers' environmental commitments.'

DTE Midstream operates 900 miles of Federal Energy Regulatory Commission (FERC) regulated gas transmission lines and 1,450 miles of gathering lines connected to high quality markets. It also operates 91 Bcf of regulated gas storage capacity in Michigan serving local distribution companies, power generators and other end-user markets in major demand regions across the Midwest, the Northeast and Canada. In October 2020, DTE announced that it is pursuing a plan to spin-off the DTE Midstream business by mid-year 2021.

About DTE Energy

DTE Energy (NYSE: DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.2 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers in Michigan. The DTE portfolio includes energy businesses focused on power and industrial projects; renewable natural gas; natural gas pipelines, gathering and storage; and energy marketing and trading. As an environmental leader, DTE utility operations will reduce carbon dioxide and methane emissions by more than 80% by 2040 to produce cleaner energy while keeping it safe, reliable and affordable. DTE Electric aspires to achieve net zero carbon by 2050. DTE is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, twitter.com/dte_energy and facebook.com.

For further information, members of the media may contact:

Colleen Rosso, DTE Energy, 313.235.5555