DTE Energy Exceeding Commitments


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. Downtown Detroit’s Historic Beaubien House Sold
    The historic Beaubien House in downtown Detroit, previously owned and occupied by the American...
  2. Somerset Collection's Holiday Popup CityLoft Opens Next Week; The Detroit Shoppe Relocates
    Somerset Collection's CityLoft, a holiday popup shop with more than 30 retailers, will open next...
  3. Robotic Butler Delivers Amenities to Guests at Detroit’s Aloft Hotel
    A robotic butler named Botlr — capable of assisting hotel staff in delivering amenities from...
  4. Trinity Health to Invest $80M in Community Health Preventative Programs
    Livonia-based Trinity Health will invest $80 million over the next five years in grants and...
  5. Lawn Care App Adds On-Demand Snow Removal Services in Metro Detroit
    Wixom-based LawnGuru, an app launched last May that offers on-demand lawn care for metro Detroit...
  6. 5Qs: Art Van Elslander on Saving Detroit's Thanksgiving Day Parade
    The Thanksgiving Day Parade in downtown Detroit on Thursday marks 25 years since Art Van...