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Stock impact report

DTE Energy given greenlight to supply power for proposed data center in Saline Township [CBS News]

DTE Energy Company (DTE) 
Last dte energy company earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.dteenergy.com
Company Research Source: CBS News
The Michigan Public Service Commission approved DTE's contracts on Thursday, with the condition that the utility company be responsible for any costs associated with the development and operation of the data center, according to a news release. DTE also agreed to update its emergency procedures and interrupt or reduce the data center's load before interrupting services to residents and businesses in the event of an emergency. DTE issued the following statement on Monday: "We appreciate the Michigan Public Service Commission's review and approval of our special contracts for Oracle's data center project. These contracts protect our customers — including ensuring that there will be no stranded assets — while enabling Michigan's growth. DTE Energy has an obligation to serve any customer, including data centers, that come into our electric service territory in southeast Michigan. "That's why we've been so focused on making sure our broader customer base is protected with these cont Show less Read more
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