DTE Energy’s Spin?Off of Midstream Business


Cravath represented DTE Energy in connection with the transaction.

DTE Energy announced its intention to spin off its non-utility natural gas pipeline, storage and gathering business (“Midstream”) into an independent, publicly traded company.

DTE Energy (NYSE: DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide.

The Cravath team advising DTE was led by partners Erik R. Tavzel (Picture) and Andrew C. Elken and included associates Timothy N. Nguyen and Wonnie Song on M&A matters; partners Stephen L. Gordon and J. Leonard Teti II and associates Cecily Xi and Kyle R. Jorstad on tax matters; and partner Eric W. Hilfers, senior attorney Nicole F. Foster and associates Jana I. Hymowitz and Anna Mikaelyan on executive compensation and benefits matters.

Involved fees earner: Andrew C. Elken – Cravath Swaine & Moore; Nicole Foster – Cravath Swaine & Moore; Stephen Gordon – Cravath Swaine & Moore; Eric Hilfers – Cravath Swaine & Moore; Jana Hymowitz – Cravath Swaine & Moore; Kyle Jorstad – Cravath Swaine & Moore; Anna Mikaelyan – Cravath Swaine & Moore; Timothy Nguyen – Cravath Swaine & Moore; Wonnie Song – Cravath Swaine & Moore; Erik Tavzel – Cravath Swaine & Moore; J. Leonard Teti II – Cravath Swaine & Moore; Cecily Xi – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: DTE Energy Co;

Author: Ambrogio Visconti