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DTE DTE Energy reports strong third quarter 2021 results , raises 2021 guidance midpoint , provides 2022 early outlook , and increases dividend 7 % NEWS RELEASE ● ● ● Investing $ 70 million to combat extreme weather - related power outages , improving reliability for our customers Ceasing the use of coal at Belle River by 2028 Building new community solar project in Washtenaw County , the region's largest Saving customers $ 400 million from energy efficiency programs since their inception Continuing support of Michigan communities and businesses DETROIT , Oct. 27 , 2021 – DTE Energy ( NYSE : DTE ) today reported third quarter 2021 earnings of $ 25 million , or $ 0.13 per diluted share , compared with $ 476 million , or $ 2.46 per diluted share in 2020 . Operating earnings for the third quarter 2021 were $ 334 million , or $ 1.72 per diluted share , compared with 2020 operating earnings of $ 415 million , or $ 2.14 per diluted share . Operating earnings exclude non recurring items , certain mark - to - market adjustments and discontinued operations . Reconciliations of reported earnings to operating earnings are included at the end of this news release . The DTE Energy Board of Directors declared a $ 0.885 per share dividend on its common stock , payable Jan. 15 , 2022 , to shareholders of record at the close of business Dec. 20 , 2021. This is a 7 % increase from the previous quarterly dividend of $ 0.825 per share . The new annualized dividend per share is $ 3.54 , up from $ 3.30 . This continues DTE Energy's consistent dividend history , having issued a cash dividend for more than 100 years . " DTE Electric customers experienced 12 storm events this summer - unprecedented in the company's history in terms of collective storm size and customer impact . We understand how hard this was for our customers , " said Jerry Norcia , DTE Energy president and CEO . " I couldn't be prouder of our employees and line workers who worked tirelessly to restore power . Through it all , the company continued to make progress in Q3 . For example , we finalized our Distribution Grid Plan last month detailing continued investments needed to upgrade our infrastructure and deliver improved reliability going forward . " Norcia noted these additional recent company accomplishments : ● ● Announced $ 70 million investment to combat extreme weather - related power outages : This plan will direct additional funds to remove trees and trim branches away from power lines . The $ 70 million is on top of the $ 190 million DTE currently spends on tree trimming every year . Announced the cessation of all coal use at the Belle River Power Plant by 2028 : Previously scheduled for 2030 , this timing enables DTE to achieve its 50 % carbon emissions reduction goal earlier than planned . Announced plan to build a MIGreenPower community solar project : Developed in partnership with the City of Ann Arbor and Pittsfield Township , the 20 - megawatt facility will be the largest in the region and is designed to support the city and the township with achieving their clean energy goals . Saved customers $ 400 million through energy efficiency programs : DTE's Energy efficiency programs exceeded goals for both gas and electric programs . The Electric team exceeded their 1 % goal by achieving 2.2 % in reduced customer energy use . The Gas team exceeded their .75 % goal by achieving 1.91 % in reduced customer energy use .