The U.S. Department of Energy’s Office of Energy Dominance Financing has approved a $1.68 billion loan for DTE Gas to modernize its natural gas infrastructure and lower energy costs for Michiganders.
Expected Savings and Job Creation
Federal officials say the loan is expected to generate more than $700 million in savings for customers while strengthening energy reliability across the state. The funding will be used to modernize and reinforce about 800 miles of natural gas distribution mains and service lines, and to rebuild a compressor station.
Energy Secretary Chris Wright stated, “Thanks to President Trump and the Working Families Tax Cut, the Energy Department is lowering energy costs and ensuring the American people have access to affordable, reliable, and secure energy. This loan to DTE Gas will lower energy costs, create jobs and increase grid reliability for the people of Michigan.”
Michigan Energy Policies
The announcement came the same day Wright joined U.S. Rep. Tom Barrett, R-Michigan, in Lansing for a roundtable discussion on Michigan energy policies. During the event, Barrett argued federal efforts to lower energy costs are being undermined at the state level.
In 2023, Michigan Democrats passed clean-energy legislation requiring utilities to achieve 100% clean energy by 2040. Supporters say the law will reduce emissions, while critics argue it could increase costs.
Original reporting: KTBS 3 (Shreveport) — read the source article.
