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CEO Profile

Tony F. Earley
CEO, DTE Energy

Company Profile

  • Industry: Electric Utilities
  • Employees: 10,244
  • Revenues: $8.3B
  • Market Cap: $8B

CEO Bio

Tony (Anthony) F. Earley, 60, has been chairman and chief executive officer of DTE Energy (NYSE: DTE), a Detroit-based diversified energy company since 1998. DTE Energy owns Detroit Edison, an electric utility serving 2.2 million customers in Southeastern Michigan and Michigan Consolidated Gas Company (MichCon), a natural gas utility serving 1.3 million customers in more than 550 communities throughout Michigan. DTE Energy also owns several nationwide non-utility companies engaged in providing energy services to large industrial customers, the transportation and storage of fuels such as natural gas and coal, energy trading and the development of unconventional gas resources.

Earley is chairman of the Edison Electric Institute (EEI), the trade association of investor utilities. In this role he is actively involved in the development of national policies on energy, the environment and climate change issues. As a former Chair of the Nuclear Energy Institute, he has played an active role in revitalizing the nuclear industry in the United States.

Earley joined Detroit Edison as president and chief operating officer in March 1994. From 1989-1994, Earley served as president and chief operating officer of the Long Island Lighting Co. (LILCO), an electric and gas utility in New York. Prior to 1989, he served LILCO in several other positions, including executive vice president and general counsel. Earley joined LILCO in 1985 from the law firm of Hunton & Williams, where he had been a partner in that firm’s energy and environmental team.

Earley earned a Bachelor of Science degree in physics, a Master of Science degree in engineering and a law degree, all from the University of Notre Dame. He served as an officer in the United States Navy nuclear submarine program where he was qualified as a chief engineer officer.

Earley serves on the board of directors of Ford Motor Company, MASCO Corporation, the Nuclear Energy Institute, Business Leaders for Michigan (formerly Detroit Renaissance), the Detroit Zoological Society, United Way for Southeastern Michigan and Cornerstone Schools. He is on the Department of Energy’s Electricity advisory board, the advisory board for the College of Engineering for the University of Notre Dame and the listed member advisory board for the New York Stock Exchange.

CEO Insights

DTE Energy will receive $83 million from the U.S. Department of Energy to accelerate its SmartCurrents program over the next two years. The grant will be matched by DTE Energy and its technology partners. We estimate the accelerated startup of the SmartCurrents program will result in the creation of 700 deployment and construction jobs for IT contractors and overhead linemen, and 350 permanent positions for suppliers to this effort. This estimate does not include second tier or pull-through opportunities created with an increase in local production and commercial growth of this technology. There are environmental benefits, too. By reducing our vehicle use related to meter reading, we'll also cut our carbon emissions and fuel consumption."  - Tony F. Earley, CEO DTE Energy

The combined effect of our $3.4 billion investment, when the projects are fully implemented, will create thousands of jobs, including higher paying career opportunities for smart meter manufacturing workers, make the grid more reliable and empower consumers to cut their electricity bills. We estimate these improvements will reduce electricity demand by 1,400 megawatts, and put us on a path to get 20 percent or more of our energy from renewable resources by 2020. - Tony F. Earley, CEO DTE Energy

The SmartCurrents program is DTE Energy's contribution to the nation's Smart Grid, which uses the latest technologies across the country's electric system to allow consumers to make choices that save them money and improve the environment - Tony F. Earley, CEO DTE Energy

About DTE Energy

An integrated energy company, providing gas and electric utility services to 2.7 million Michigan homes and businesses, and energy-related services to businesses and industries nationwide. The largest operating subsidiaries are Detroit Edison and MichCon. Together, these regulated utility companies provide electric and/or gas services to more than three million residential, business and industrial customers throughout Michigan. Non-utility businesses include coal, rail, pipeline, gas storage, energy trading, gas production, biomass, and other power and industrial projects.

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