DTE Energy closes purchase
Published by Anna Nicklin,
Assistant Editor
World Pipelines,
DTE Energy today announced it completed the US$1.3 billion purchase of midstream natural gas assets in Pennsylvania and West Virginia. The assets have become part of DTE's non-utility gas storage and pipeline business, which currently owns and manages a network of natural gas gathering, transmission and storage facilities.
"This completed acquisition is a great addition to our portfolio and supports both our strategy in this segment and our drive to continue to grow and earn strong returns for shareholders," said Gerry Anderson, DTE Energy’s Chairman and CEO.
The newly acquired assets are in a highly productive area of the Southwest Marcellus/Utica region and have significant expansion potential.
Read the article online at: https://www.worldpipelines.com/business-news/21102016/dte-energy-closes-purchase/
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