Detroit Evening Report: DTE investing $9 billion in Michigan’s economy over the next decade
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DTE Headquarters in downtown Detroit.
DTE Energy says it will invest $9 billion in Michigan’s economy over the next 10 years as it increases its reliance on renewable energy.
The Detroit Free Press reports DTE’s Clean Vision Plan proposes to meet the company’s net-zero carbon emission goals sooner, increase generation of wind and solar power, and close two of its coal plants earlier than expected.
One of those plants is in Monroe, and is the second-largest greenhouse gas emitter in the U.S. According to the Free Press, the Monroe plant produces roughly 30 percent of the power DTE generates. The utility giant plans to close the facility completely by 2035.
The company says the new initiative reduces the cost of its renewable energy transition by more than $1 billion from a previous plan. It says customers should see a rate increase of only around 40 cents.
Other headlines for November 4, 2022:
- Covenant House Michigan hosting “sleep out” event to raise youth homelessness awareness
- 17th Annual Detroit Veteran’s Day Parade to be held Sunday
- Chef Lloyd Roberts ready to offer Jamaican food for patrons
- Detroit Black Farmer Land Fund awards $100K to 50 farmers in the city
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