DTE Energy reducing customers' electric bills by passing on approximately $300 million savings in fuel and transportation costs
DTE Energy Company (DTE)
Last dte energy company earnings: 4/28 07:00 am
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Source: GlobeNewswire
Detroit, Nov. 12, 2024 (GLOBE NEWSWIRE) -- DTE Energy’s customers are seeing a decrease in their electric bills this month. DTE is reducing the Power Supply Cost Recovery mechanism (PSCR), which represents the actual cost of the fuel and other sources the company uses to produce electricity, by approximately $300 million through 2025. This reduction went into effect on Nov. 1, 2024, and will lower electric bills for residential customers, on average, by about $5 per month. “We work hard, every day, to find ways to save our customers money,” said Matt Paul, president and chief operating officer, DTE Electric. “We are committed to keeping our operating costs as low as possible, while we build the electric grid of the future and eliminate the use of coal by 2032. Passing on these savings to our customers is a direct result of that work.” DTE reviews PSCR periodically and adjusts customer bills to reflect these costs accordingly - customers pay what the company pays. This reducti
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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