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CEO Awards
Most Respect CEOs
In collaboration with the
International Institute of Management
Hall of Fame
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 business
include Coal, rail, pipeline, gas storage, energy trading, gas
production, biomass, and other power and industrial projects.
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