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
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DTE Energy is investing an additional $100 million to enhance the electric grid, aiming to reduce outage frequency by 30% and halve restoration time by 2029. This includes building three new substations and updating equipment.
November 18, 2024 | 3:15 pm
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DTE Energy's $100 million investment in the electric grid aims to enhance reliability by reducing outage frequency and restoration time. This strategic move could improve customer satisfaction and operational efficiency.
The investment is significant for DTE Energy as it directly addresses reliability issues, a critical factor for utility companies. By improving infrastructure, DTE is likely to enhance customer satisfaction and operational efficiency, which can positively impact its stock price.
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