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Stock impact report

DTE Energy proposes investment to improve reliability, modernize grid for the future and continue clean energy journey

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: GlobeNewswire
Detroit, Jan. 19, 2022 (GLOBE NEWSWIRE) -- DETROIT, Jan. 19, 2022 — DTE Energy, Michigan’s largest energy company, this week is proposing a $388 million investment in the state’s energy grid and electric storage and generation system to prepare for 21st century demands posed by growing electrification needs, climate change, and the fast-evolving preferences of consumers and businesses. To fund the next steps in improving reliability, building a smarter grid of the future and producing more clean energy, DTE Energy is seeking Michigan Public Service Commission (MPSC) approval for its first rate increase in two-and-a-half years. With the proposed investment, based on average residential customer electricity use, the most a bill could increase is approximately $10 per month.   In the proposal, DTE is committing 100% of the investments to improving its service, including modernizing infrastructure and producing cleaner energy. The filing – DTE’s Grid Modernization/ CleanVision plan – Show less Read more
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