DTE Energy invests $100 million in 3 Metro Detroit substations, aims to reduce power outages [CBS News]
DTE Energy Company (DTE)
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Source: CBS News
The utility company is investing $100 million in new substations in Northville Township, Pontiac and Shelby Township. "We're not just building for today — we're building the grid of the future to meet the evolving needs of our customers and communities for decades to come," said Matt Paul, president and chief operating officer of DTE Electric. "These new substations represent a major investment in our system that will improve reliability, while increasing capacity to support growth, economic development and a more electrified future, including electric vehicles." Each substation will have smart grid technology that DTE says will reduce the number and duration of outages. "This technology enables DTE to monitor the grid from its state-of-the-art System Operations Center located in the company's downtown Detroit headquarters," the company said. "The technology automatically adjusts power supply to meet demand or reroutes power." The project also calls for the installation of ne
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DTE
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 Energy reducing customers' electric bills by passing on approximately $300 million savings in fuel and transportation costsGlobeNewswire
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