Company: DTK
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000936340-25-000081
Chunk: 55

Company: DTE ENERGY CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 55
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 |     | 9.50%  |     | 50.00%  |     | 10.00%                    |
| Total                                           |     | 100%   |     |                 |     |                 |     |                 |     |        |     |         |     | 163.60%                   |

The measures in the above tables are defined below:

Total Shareholder Return: Total DTE Energy shareholder return compared to 22 peer group companies (as defined below) based on the average share prices for December 2023 as compared to December 2020, including reinvestment of dividends.

DTE Utility Average Return on Equity 2021-2023: DTE Corporate's three-year average return on equity, expressed as a percentage, based on weighted results of Electric Utility Return on Equity (80% weighting) and Gas Utility Return on Equity (20% weighting).

DTE Vantage Long-Range Earnings Growth: The measure of new and updated contracts completed between 2021 and 2023 that will generate earnings in 2024.

DTE Electric Average Return on Equity 2021-2023: DTE Electric’s three-year average segment return on equity, expressed as a percentage, calculated based on operating income.

The peer group for the performance shares granted under the Long-Term Incentive Plan, as approved by the O&C Committee, consists of the companies set forth below. These companies were selected because of a combination of the following: (1) their operations being largely regulated; (2) their size (based on market capitalization); and (3) their business strategies being similar

#### 46DTE ENERGY2025 PROXY STATEMENT
to those of DTE Energy. In addition, companies that were in the process of being acquired were also eliminated. The O&C Committee reviews and approves this peer group annually.

| ALLETE, Inc.               |     | IDACORP Inc.                      |
| Alliant Energy Corporation |     | NiSource Inc.                     |
| American Electric Power    |     | NorthWestern Energy               |
| Ameren Corporation         |     | OGE Energy Corporation            |
| Avista Corporation         |     | Pinnacle West                     |
| CenterPoint Energy, Inc.   |     | PNM Resources                     |
| CMS Energy Corporation     |     | Portland General Electric Company |
| Consolidated Edison, Inc.  |     | Southern Company                  |
| Dominion Energy            |     | WEC Energy Group                  |
| Duke Energy