DTE Energy Exceeding Commitments


Published:

DETROIT — DTE Energy said today that it spent $239 million with Michigan based suppliers through April 2012 as part of its commitment to the Pure Michigan procurement initiative; this is 24 percent higher than its 2012 year-to-date target and 35 percent higher than the same period in 2011.  This follows DTE Energy's 2011 Michigan-based expenditures of nearly $600 million, which exceeded the company's year-end pledged target by over 13 percent.

"DTE Energy's commitment to the Pure Michigan procurement initiative is one way in which we put into action our aspiration to be an engine for growth in the communities that we serve and help fuel Michigan's economic recovery," said Gerry Anderson, DTE Energy Chairman, President and CEO.  

In 2011, DTE Energy pledged to shift an incremental $750 million over five years to do business with Michigan based suppliers, as part of this initiative. Announced last summer at the Detroit Regional Chamber's Mackinac Policy Conference by Gov. Rick Snyder, the $8 billion dollar public-private program is designed to prepare and develop Michigan suppliers to provide services to companies across the state.

Pure Michigan Business Connect Initiative, which is administered through an alliance with the Michigan Economic Development Corporation (MEDC), also helps companies find new ways to raise capital, get access to a variety of business services and provides business-to-business procurement opportunities.

As one of the initial seven participants in the program, DTE Energy has closed deals with Michigan-based suppliers specializing in many areas, such as construction, maintenance, engineering, energy optimization, renewable energy, natural gas storage, and IT consulting services.

"We believe that Michigan companies can compete with anyone," said DTE Energy CFO Dave Meador. "Doing business with strong third-party contractors that deliver quality products is not only good for DTE Energy, it's just good business."

Edit Module
Edit Module Edit Module
Edit ModuleShow Tags Edit ModuleShow Tags

Most Popular

  1. Motor City Harley-Davidson Plans $8M Dealership with Restaurant, Drive-in Theater
    Motor City Harley-Davidson will build an $8 million dealership that will also offer a...
  2. Rochester Hills Unveils Plans for Ice-skating Pond, Canoe Launch at Riverbend Park
    After raising more than $1 million in private funds, the City of Rochester Hills today unveiled...
  3. International Coding School Iron Yard to Open Campus in Downtown Detroit
    The Iron Yard, an international coding school, has announced it will open a campus in downtown...
  4. Interactive Tour Experience of Detroit Auto Show Goes Online
    The North American International Auto Show has partnered with Novi-based digital media company...
  5. Lawrence Tech Adds Manufacturing Engineering Degree at Focus: HOPE
    Southfield-based Lawrence Technological University will now offer its new associate of science...
  6. Grilled Cheese Restaurant Tom+Chee to Open in Troy
    Tom+Chee, a fast-casual restaurant featuring a variety of grilled cheese sandwiches and tomato...