DTE Energy Seeks Renewable Energy Agreements
The GreenCurrents program, which was filed late last year with the Michigan Public Service Commission, will give DTE Energy's 2.2 million electric customers the option of choosing renewable energy for all or part of their electricity needs.
A key element of the GreenCurrents program is to encourage the development and operation of new renewable energy projects in Michigan, according to Trevor F. Lauer, vice president of marketing for DTE Energy.
"The RFP we issued requires that providers be located in Michigan, and that their renewable energy facilities be newly constructed," Lauer said. "We want the resources for the GreenCurrents program to be homegrown - and we're interested in signing long-term agreements with developers who share that vision."
Renewable energy is power created from sources that can be replenished naturally, including solar, wind, geothermal and biomass energy. While the sources of this energy are essentially free, the facilities needed to generate usable renewable power are currently more costly to build, operate and maintain than conventional sources of electricity. Costs are expected to decrease over time as customer demand grows, and more renewable energy facilities are brought on line.
Under DTE Energy's GreenCurrents proposal, Detroit Edison customers will be able to purchase 100 kilowatt-hours of renewable energy - which represents about 15 - 20 percent of a typical home's monthly electric usage - for an additional $2.50 a month. Customers could also choose to have 100 percent of their electricity provided by renewable resources for an additional cost of two cents per kilowatt-hour - or about $10 to $15 per month for a typical household.
DTE Energy hopes to begin offering the GreenCurrents program to customers this spring, pending approval by the Michigan Public Service Commission. Additional information on the proposed program and the RFP is available at www.my.dteenergy.com/greencurrents.
"By supporting the development of new renewable energy projects in Michigan, our customers can help us meet the electricity demands of today without sacrificing the needs of future generations," Lauer said. "We are very excited about our renewable energy program, and the RFP we issued clearly demonstrates our commitment to helping create a cleaner, healthier environment for tomorrow."
Responses to the RFP are due to DTE Energy by March 16, 2007. A pre-bid conference, including a question and answer session, will be held at DTE Energy's downtown Detroit headquarters complex on Feb. 16 at 1 p.m.
DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include Detroit Edison, an electric utility serving 2.2 million customers in Southeastern Michigan, MichCon, a natural gas utility serving 1.3 million customers in Michigan and other non-utility, energy businesses focused on power and industrial projects, fuel transportation and marketing, and unconventional gas production. Information about DTE Energy is available at www.dteenergy.com.
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|Lorie N. Kessler