Oct 30 - U.S. Midwest electric utility DTE Energy (DTE.N) , opens new tab on Thursday raised its five-year capital investment plan by $6.5 billion to $36.5 billion, driven by growing electricity demand from data centers and work to modernize its power infrastructure.

U.S power demand hit records in 2025 and is expected to accelerate as Big Tech ramps up electricity use at its quickly-proliferating data centers, some of which require a city-sized amount of electricity at a single site.

Sign up here.

DTE, which is headquartered in Michigan, reached its first agreement with a data center customer for 1.4 gigawatts of energy capacity, DTE executives said on an a call with investors.

DTE did not name the customer, but said it was a hyperscaler, which typically includes Big Tech. The project will ramp up over the next two to three years.

The company is in discussions with hyperscalers for another 6-7 gigawatts of data centers.

DTE also reported third-quarter profit that beat Wall Street expectations, helped by higher income from its electric segment.

The utility said its revised investment plan reflects the company's push to expand clean energy generation and strengthen grid reliability.

DTE's new plan includes $30 billion for its electric business, $4.5 billion for its gas segment and about $2 billion for its DTE Vantage unit.

It said the spending could rise as negotiations advance on more data center projects.

The company reaffirmed its 2025 operating earnings forecast of $7.09 to $7.23 per share and provided 2026 outlook of $7.59 to $7.73 per share.

The Detroit, Michigan-based company reported an operating profit of $2.25 per share for the three months ended September 30, compared with analyst's estimate of $2.11 per share, according to data compiled by LSEG.

https://www.reuters.com/business/energy/dte-energy-adds-65-billion-five-year-spending-plan-data-center-power-demand-2025-10-30/