DTE Energy Inks Renewable Energy Agreement for GreenCurrents Program
DETROIT, Oct. 24 /PRNewswire-FirstCall/ -- DTE Energy has signed a long- term agreement with Michigan-based renewable energy company North American Biofuels, LLC to provide power for the company's GreenCurrents renewable energy program.
Introduced earlier this year, GreenCurrents provides DTE Energy's 2.2 million electric customers the option of choosing environmentally-friendly renewable energy for their homes and businesses.
"We are extremely pleased to be working with another Michigan-based company that shares our vision of developing new renewable energy options here in Michigan," said Trevor F. Lauer, vice president of marketing for DTE Energy. "This is a great partnership that will provide homegrown sustainable energy for our GreenCurrents program."
The five-year agreement with DTE Energy will enable North American Biofuels-Green Meadow Farms, LLC to construct an "anerobic digestor" which turns cow manure into usable electricity. The anerobic digestor will be located in Elsie (near Lansing), and is expected to be operational in November.
"We are delighted to be partnering with DTE Energy to supply agricultural- based renewable energy to its customers," said Bob Evans, managing partner of North American Biofuels-Green Meadow Farms. "This project was built by the cooperative efforts of Michigan State University and North American Biofuels- Green Meadow Farms, and we hope it will serve as a model for other farm-based renewable energy operations in Michigan."
Under the GreenCurrents program, DTE Energy's Detroit Edison electric customers can select a renewable energy option that best fits their budget. For as little as $2.50 a month, residential customers can purchase a block of renewable energy that's equal to 15-20 percent of a typical home's monthly electric usage. Customers can also choose to match 100 percent of their home's electricity consumption with renewable resources for an additional cost of $10 to $15 per month for a typical household.
Business customers can purchase a 1,000 kilowatt hour block of green energy for $20 a month -- or match all of their electricity usage with renewable power for an additional cost of two cents per kilowatt hour.
"Every customer who signs up for GreenCurrents will play a significant role in shaping the future of sustainable energy in Michigan," Lauer said. "By increasing the development of renewable energy projects, our customers can help us meet the electricity demands of today without sacrificing the needs of future generations."
In August, DTE Energy signed a long-term agreement with Heritage Sustainable Energy to provide wind power for the GreenCurrents program. Under that 10-year agreement, Heritage is building a 6,500-acre wind farm in Richland Township, near Cadillac.
Additional information on the GreenCurrents program is available at http://www.greencurrents.com/, or by calling (866) 207-6955.
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, coal and gas midstream, unconventional gas production and energy trading. Information about DTE Energy is available at http://www.dteenergy.com/.
SOURCE: DTE Energy
CONTACT: Len Singer, +1-313-235-8809, or Lorie N. Kessler,
+1-313-235-8807, both of DTE Energy