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Stock impact report

DTE to seek $473M rate hike but promises relief if data centers open [Yahoo! Finance]

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: Yahoo! Finance
But the Detroit-based utility is pledging not to ask for a further rate hike for at least two years if a high-profile data center in Saline Township opens as planned, a promise that could tie the contested data center's fate to lower energy bills in customers' minds. “As long as the first data center project we're supporting comes online as planned by the end of 2027 and we're able to receive other regulatory approvals, we will refrain from filing another rate request until at least 2028," DTE Energy President and CEO Joi Harris said in a statement. Utility rate increases must be approved by the Michigan Public Service Commission, which is not expected to decide on DTE's latest request until February 2027. The Michigan Public Service Commission is also considering a second proposed data center in Van Buren Township that would be powered by DTE. Data centers house IT infrastructure for building, running and delivering applications and services. They also store and manage the d Show less Read more
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