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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 (NYSE:DTE) announced a $100 million investment to construct three new electric substations in Northville Township ($57M), Pontiac ($17M), and Shelby Township ($39M). This initiative is part of DTE's commitment to reduce power outage frequency by 30% and cut restoration time in half by 2029. The substations will be equipped with smart grid technology to monitor and automatically adjust power supply. The projects include installing new poles, power lines, and electric equipment. Additionally, DTE is rebuilding power delivery infrastructure across its service territory with a dozen substations in various stages of completion in multiple townships.

DTE Energy (NYSE:DTE) ha annunciato un investimento di 100 milioni di dollari per costruire tre nuove sottostazioni elettriche a Northville Township (57 milioni di dollari), Pontiac (17 milioni di dollari) e Shelby Township (39 milioni di dollari). Questa iniziativa fa parte dell'impegno di DTE a ridurre la frequenza delle interruzioni di corrente del 30% e dimezzare i tempi di ripristino entro il 2029. Le sottostazioni saranno dotate di tecnologia smart grid per monitorare e regolare automaticamente l'approvvigionamento di energia. I progetti includono l'installazione di nuovi pali, linee elettriche e apparecchiature elettriche. Inoltre, DTE sta ricostruendo l'infrastruttura di distribuzione dell'energia in tutto il suo territorio di servizio con una dozzina di sottostazioni in varie fasi di completamento in diversi comuni.

DTE Energy (NYSE:DTE) anunció una inversión de 100 millones de dólares para construir tres nuevas subestaciones eléctricas en Northville Township (57 millones), Pontiac (17 millones) y Shelby Township (39 millones). Esta iniciativa es parte del compromiso de DTE de reducir la frecuencia de cortes de energía en un 30% y reducir a la mitad el tiempo de restauración para 2029. Las subestaciones estarán equipadas con tecnología de red inteligente para monitorear y ajustar automáticamente el suministro de energía. Los proyectos incluyen la instalación de nuevos postes, líneas eléctricas y equipo eléctrico. Además, DTE está reconstruyendo la infraestructura de entrega de energía en todo su territorio de servicio, con una docena de subestaciones en varias etapas de finalización en diferentes municipalidades.

DTE 에너지 (NYSE:DTE)1억 달러의 투자를 발표하고 노스빌 타운십(5천7백만 달러), 폰티액(1천7백만 달러), 셸비 타운십(3천9백만 달러)에서 세 개의 새로운 전기 변전소를 건설할 예정입니다. 이 이니셔티브는 DTE의 전력 중단 빈도를 30% 줄이고 2029년까지 복구 시간을 절반으로 단축하겠다는 약속의 일환입니다. 변전소는 전력 공급을 모니터링하고 자동으로 조정하기 위해 스마트 그리드 기술이 장착될 것입니다. 프로젝트에는 새로운 전신주, 전선 및 전기 장비 설치가 포함됩니다. 또한 DTE는 서비스 지역 전역에서 전력 전송 인프라를 재건하고 있으며, 여러 타운십에서 다양한 단계의 완공 중인 변전소가 있습니다.

DTE Energy (NYSE:DTE) a annoncé un investissement de 100 millions de dollars pour construire trois nouvelles sous-stations électriques à Northville Township (57 millions), Pontiac (17 millions) et Shelby Township (39 millions). Cette initiative fait partie de l'engagement de DTE à réduire la fréquence des coupures de courant de 30 % et à réduire de moitié le temps de rétablissement d'ici 2029. Les sous-stations seront équipées de technologies de réseau intelligent pour surveiller et ajuster automatiquement l'approvisionnement en énergie. Les projets incluent l'installation de nouveaux poteaux, de lignes électriques et d'équipements électriques. De plus, DTE reconstruit l'infrastructure de distribution d'énergie dans tout son territoire de service, avec une douzaine de sous-stations à différents stades d'achèvement dans plusieurs municipalités.

DTE Energy (NYSE:DTE) hat eine Investition von 100 Millionen Dollar angekündigt, um drei neue Trafostationen in Northville Township (57 Millionen Dollar), Pontiac (17 Millionen Dollar) und Shelby Township (39 Millionen Dollar) zu bauen. Diese Initiative ist Teil des Engagements von DTE, die Häufigkeit von Stromausfällen bis 2029 um 30% zu reduzieren und die Wiederherstellungszeit zu halbieren. Die Trafostationen werden mit Smart-Grid-Technologie ausgestattet sein, um die Stromversorgung zu überwachen und automatisch anzupassen. Zu den Projekten gehört die Installation neuer Masten, Stromleitungen und elektrischer Geräte. Darüber hinaus baut DTE die Infrastruktur für die Stromübertragung in seinem gesamten Servicegebiet um, wobei ein Dutzend Trafostationen in verschiedenen Bauphasen in mehreren Gemeinden entstehen.

Positive
  • $100 million infrastructure investment to improve grid reliability
  • Smart grid technology implementation to reduce outages
  • Expansion of capacity to support growing industrial and commercial demand
  • Strategic positioning for future electrification needs including EVs
Negative
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Insights

The $100 million grid infrastructure investment represents a significant strategic move for DTE Energy's long-term reliability improvement plan. The construction of three new substations with smart grid technology demonstrates a proactive approach to modernizing critical infrastructure. The investment allocation - $57 million for Northville Township, $17 million for Pontiac and $39 million for Shelby Township - targets high-growth areas with increasing industrial and technological demands.

The commitment to reduce outage frequency by 30% and halve restoration time by 2029 shows a measurable performance target that should positively impact operational efficiency and customer satisfaction. The integration of smart grid technology for automatic power adjustment and rerouting capabilities will likely result in reduced maintenance costs and improved service reliability. This comprehensive infrastructure upgrade positions DTE favorably for future growth in electric vehicle adoption and increased power demands.

•New investments to improve electric reliability include the construction of three electric substations and new, updated equipment to deliver power from these substations to customers’ homes and businesses

Detroit, Nov. 18, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today announced the construction of three new electric substations as part of the company’s ongoing commitment to reducing power outage frequency by 30% while cutting outage time in half by 2029.

The new substations will be in Northville Township, Pontiac and Shelby Township and represent a total investment of more than $100 million.

"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," Matt Paul, president and chief operating officer, DTE Electric, said. “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."

Substations are critical parts of the electric grid that adjust voltage levels coming from power plants to distribute electricity safely and efficiently to homes and businesses. The substation construction is part of DTE’s broader grid investment strategy that includes transitioning to a smart grid, upgrading existing infrastructure, rebuilding significant portions of the grid and trimming trees.

Each new substation will be equipped with smart grid technology that 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 technology automatically adjusts power supply to meet demand or reroutes power. The projects will also include installing new poles, power lines and electric equipment that deliver power from substations to customers’ homes and businesses.

The new substations under construction are:

  • Northville Township: $57 million investment to build a new substation from 2024 to 2026 to support the expanding technology corridor in Northville Township and Plymouth.  
  • Pontiac: $17 million investment to build a new substation from 2024 to 2026 to help improve reliability and increase capacity on the southwest side of Pontiac.
  • Shelby Township: $39 million investment to build a new substation from 2024 to 2026 to support the growing industrial and commercial demand along 23 and 24 Mile Roads.

DTE is also rebuilding power delivery infrastructure across its service territory and has a dozen substations in various stages of being energized and commissioned. This work is happening in Almont, Ann Arbor, Detroit, Lapeer, Port Hope, Port Huron, Van Buren Township and Vassar Township.

For more information about DTE's efforts and the new substations, visit empoweringmichigan.com or the company’s Power Improvements Map.

About DTE Energy

DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE has continued to accelerate its carbon reduction goals to meet aggressive targets and is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy, emission reductions and economic progress. Information about DTE is available at dteenergy.comempoweringmichigan.comtwitter.com/dte_energy and facebook.com/dteenergy. 

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FAQ

What is DTE Energy's new $100 million investment for in 2024?

DTE Energy is investing $100 million to construct three new electric substations in Northville Township, Pontiac, and Shelby Township to improve grid reliability and support growing demand.

How much will DTE Energy's Northville Township substation cost?

DTE Energy's new substation in Northville Township represents a $57 million investment to be built from 2024 to 2026.

What are DTE Energy's outage reduction goals for 2029?

DTE Energy aims to reduce power outage frequency by 30% and cut restoration time in half by 2029 through its grid improvement initiatives.

Where are DTE Energy's new substations being built?

DTE Energy is building new substations in Northville Township ($57M), Pontiac ($17M), and Shelby Township ($39M), with construction planned from 2024 to 2026.

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