DTE Energy to Invest $100M to Enhance Electric Grid Reliability [Yahoo! Finance]
DTE Energy Company (DTE)
Last dte energy company earnings: 4/28 07:00 am
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ir.dteenergy.com
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Source: Yahoo! Finance
This is part of the company's broader grid investment strategy involves reducing its power outages by 30% and lowering restoration time by 50% by 2029. Smart grid technology will be incorporated in all the new substations, allowing DTE Energy to monitor the grid from its headquarters, and facilitating to reduce the frequency and length of outages. This should strengthen the state of Michigan's power grid infrastructure amid the rising electricity demand from the state's consumers. The existing electrical grid and infrastructure are aging, requiring ongoing investment to upgrade and replace outdated equipment. Regular improvements are essential to prevent power outages, reduce service interruptions and enhance grid reliability. Modernizing the grid also reduces safety risks and supports the growing electricity transmission, with the increasing addition of renewable energy and electric vehicle chargers. These upgrades ensure that utilities can deliver a consistent, safe and reliable
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DTE
News
- DTE Energy invests $100 million in 3 Metro Detroit substations, aims to reduce power outages [CBS News]CBS News
- DTE or NEE: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Why DTE Energy (DTE) is a Top Value Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- DTE Energy announces an additional $100 million investment to rebuild the electric grid; part of DTE's commitment to reduce outage frequency by 30% and cut restoration time in half by 2029 [Yahoo! Finance]Yahoo! Finance
- DTE Energy announces an additional $100 million investment to rebuild the electric grid; part of DTE's commitment to reduce outage frequency by 30% and cut restoration time in half by 2029GlobeNewswire
DTE
Earnings
- 10/24/24 - Beat
DTE
Sec Filings
- 10/31/24 - Form 8-K
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- DTE's page on the SEC website