Financial PerformanceDTE delivered strong 2Q24 results of $1.43, well above BMO/consensus expectations at $1.18/$1.23.
Legislative SupportThe potential for passage of legislation to allow a sales and use tax exemption will help accelerate demand, with management believing the measure has sufficient bipartisan support in both the House and Senate as well as the backing of the Governor.
Regulatory EnvironmentMI regulation has consistently provided positive data-points from both commission and legislature, promoting financially healthy utilities and increasing reliability.