electric bills

DTE Energy

DTE Energy is among 60 Fortune 500 companies that did not pay federal income taxes in 2018. That’s according to the non-partisan Institute on Taxation and Economic Policy.

DTE spokesperson Peter Ternes confirmed in an email they did not pay those taxes last year.

Ternes says the company, which provides electricity and natural gas to millions of customers in Michigan, follows current federal tax laws and claims their capital investments as deductions.

The U.S. EPA estimates that companies in Michigan waste up to a third of the energy they buy because of inefficient buildings and equipment.

But most of the companies just keep paying those high energy bills, month after month, because they can't make a business case for a big energy efficiency project. The payback for the upgrades takes too long – often ten or more years.

Andy Levin is the CEO of Lean and Green Michigan.