DTEDTE Energy Company

“The 1.4-gigawatt Oracle data center included in our plan is approved and construction is underway. We've also executed an agreement with Google to serve a 1-gigawatt data center. This project represents incremental upside to our current long-term plan and the contract has been submitted to the MPSC IV approval. Beyond Oracle and Google, we continue to have constructive discussions with other potential customers.”

“Once fully ramped, Oracle is expected to drive about $300 million of annual benefits to our existing customers, while the Google data center is expected to generate roughly $1.7 billion of benefits over the life of the contract.”

“meeting Google's capacity needs could drive roughly $5 billion of incremental generation and storage investment through 2032.”

“the concentration will be roughly 40% once they arrive at their full ramp.”

“The data center opportunity with Vantage is progressing quite well. We're down to the short strokes as I like to call it. And hopefully, we will have an agreement -- a full agreement in place over the next several weeks. -- and be able to communicate this more fully to the broader community. But it's an exciting opportunity that has the potential to expand even beyond where it is. Just given the technology that we're deploying, it's transferable. So recall, this is a behind-the-meter project that is roughly 350 megawatts”

“The ramp for Oracle in 2026 is relatively small, but it shoots up exponentially beyond 26. So they get to their full ramp over the next couple of years. Same thing with Google. Google will start out relatively small and then expand to a gigawatt by 2028.”

“we've got 2 gigawatts of hyperscalers that we are in late-stage negotiations. At least 1 of them has zoning already done. So we feel really good about that, and there's a pathway to zoning for the other.”

“We're in advanced discussions that could represent roughly 2 gigawatts of incremental load with additional projects in our pipeline that could add another 3 to 4 gigawatts over time.”

“the community is welcoming Google. So that makes this a really positive thing for the state. And we are seeing really, I think, positive comments in media about the Google contract. So we feel really good about what was filed. We are expecting to get an order in the September time frame”

“it's also important to highlight that this data center growth provides real affordability benefits to our existing customers. These large loans help spread fixed system costs over a broader base. And because these data centers use so much power, they absorb a significant portion of these costs, which will provide meaningful benefits to existing customers as these lows ramp.”

“we are -- like I said, we've got to get this 1 first deal under our belt, but it is proving to be a very interesting vertical. We are seeing just the application certainly capable of serving other hyperscalers and/or co-locators in other jurisdictions.”

“One of our biggest sources of customer value is how we're using new technologies. Advanced analytics are driving efficiencies, lowering cost and improving maintenance and storm response.”