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DTE looks for utility investments to juice up growth in earnings.(News)(DTE Energy Co.)
Crain's Detroit Business, April, 2006 by Lane, Amy
Byline: Amy Lane For at least the past decade, DTE Energy Co.'s utility earnings have grown largely in pace with Michigan's economy. But now major investments in both the Detroit Edison Co. and Michigan Consolidated Gas Co. are poised to drive what has been annual utility net income growth of about 2 percent up to as much as 6 percent.
Company officials discussed those and other projections last week at a New York City business-update meeting with analysts and investors. During the next five years, DTE (NYSE: DTE) may spend as much as $4.8 billion at Detroit Edison, largely to install environmental controls at its coal-fired generating plants, to meet federal Clean Air Act requirements. At MichCon, there are plans to spend more than $1 billion through...
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