DTE Energy Analyst Call: Utica/Marcellus Big Part of Co’s Future

DTE Energy is a major utility and midstream company headquartered in Detroit, MI. DTE is part owner of the Millennium Pipeline across NY, sole owner of the Bluestone Gathering system in Susquehanna County, PA, and partner in the NEXUS Pipeline planned to cross OH. DTE is also the part owner of the Vector Pipeline, a pipeline that until recently has moved gas from Chicago (coming from Canada) to storage facilities in Michigan. A number of shippers have stopped using Vector for that purpose and it will now be used to flow Utica Shale gas, delivering it to both the NEXUS Pipeline and to Energy Transfer Partners’ ET Rover pipeline. According to DTE officials on an analyst call last Friday, the Utica and Marcellus Shale play a big role in the company’s future. Below we’ve extracted the juicy bits from the analyst call touching on the Utica/Marcellus, NEXUS and Vector pipelines, and how company officials say it all ties together…

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