Skip to main content

DTE Energy closes purchase

Published by
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/contracts-and-tenders/21102016/dte-energy-closes-purchase/

You might also like

 

Caterpillar shareholders support climate action

47% of investors supported a shareholder resolution asking Caterpillar to disclose whether and how the company is aligning its climate policies and performance with the progress indicators laid out in the Climate Action 100+ Net-Zero Company Benchmark.

 
 

Embed article link: (copy the HTML code below):