DTE Energy, a Detroit-based diversified energy company, completed the spin-off of its Midstream business in a $7.1bn deal. "DTE Energy has earned a reputation as a premier company in our industry because the Board and management team have a track record of value creation through disciplined planning and strong execution. Today’s announcement is a result of a series of strategic discussions that began in the summer of 2019 to identify opportunities that enable us to unlock the significant value we have created as our utility and non-utility businesses have grown," Jerry Norcia, DTE Energy President and CEO.