State regulators approve settlement in DTE’s long-term energy plan. Here’s what it means.
Planet Detroit
The Michigan Public Service Commission (MPSC) has given the green light to a settlement agreement that shapes the future of electricity for 2.3 million DTE Electric customers over the next 20 years, secures payments for low-income bill assistance and energy efficiency improvements and requires disclosure on political donations.
The agreement will close DTE’s coal-fired Monroe power plant in 2032, three years ahead of schedule, and includes commitments to build more renewable energy and battery storage faster.