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DTE Energy to shut coal plants, eyes 80% cut in carbon emissions by 2050

May 16, 2017 4:16 PM ETDTE Energy Company (DTE) StockBy: Carl Surran, SA News Editor3 Comments
  • DTE Energy (NYSE:DTE) says it plans to shut all of its coal-burning power plants by 2040 in an effort to reduce carbon emissions by more than 80% from 2005 levels by 2050.
  • By adding more renewable energy, transitioning its 24/7 power sources from coal to gas and continuing to operate its zero-emission Fermi 2 nuclear power plant, DTE will strive to cut carbon emissions by 30% by the early 2020s, 45% by 2030, 75% by 2040 and more than 80% by 2050 - a timeframe the company says aligns with the target scientists broadly have identified as necessary to help address climate change.
  • DTE CEO Gerry Anderson says the utility will invest $15B over the next two decades in renewable energy and natural gas-burning power generation for its 2.2M Michigan electricity customers.

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