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Stock impact report

Tenats at Detroit's Leland House displaced due to power shutoff [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
On Friday, management for Leland House, a downtown Detroit apartment building, told residents that they have to vacate their homes due to an impending utility shutoff. "He just got a notice on Friday, the day after the holiday, that he has to be out by the third," Warner told CBS News Detroit. "A lot of these residents are elderly. My dad himself has some health challenges, so this creates a huge hardship for him and all the other tenants." CBS News Detroit dug deeper and found the 35-unit building on Bagley Street and Cass Avenue owes a $57,000 down payment to DTE Energy this week – as part of its Chapter 11 bankruptcy case – or will lose power. A new filing on Monday gave the owners until Thursday to pay, giving residents a little more time. The ownership group's attorneys told CBS News Detroit that they have the funds but need to face a judge who can sign off on the agreement. Court records show DTE notified the city's Housing and Revitalization Department (HRD) of its p Show less Read more
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