DTE Energy exceeds commitments to buy Michigan products and services
Nearly $1 billion spent with Michigan businesses in 2012
DETROIT, Jan. 16, 2013
DETROIT, Jan. 16, 2013 /PRNewswire/ -- DTE Energy announced that it exceeded
its target for spending with Michigan-based companies last year as part of its
ongoing commitment to the Pure Michigan Business Connect Initiative.
Through December 2012, DTE Energy spent $826 million with Michigan-based
suppliers, compared with $598 million spent in 2011 and $475 million in 2010.
Spending with Detroit-based companies rose to $121 million last year, compared
with $98 million in 2011 and $81 million in 2010.
Overall, DTE Energy increased its overall supply chain expenditures to $1.9
billion, which resulted in the creation of nearly 7,000 full-time jobs in
Michigan last year. In addition to its focus on actively seeking Michigan
suppliers, DTE Energy also is increasing awareness around its spending with
"It's clear that Michigan has fared better than many other states in recent
years, and the movement to doing more business with Michigan companies is part
of the reason why," said Gerry Anderson, chairman, president and CEO of DTE
Energy. "It makes economic sense to keep our dollars in Michigan, whenever
possible, and I would encourage every Michigan-headquartered company to do
In 2011, DTE Energy pledged to shift an incremental $750 million over five
years to do business with Michigan-based suppliers as part of this initiative.
The initiative was part of an $8 billion public-private program announced by
Michigan Gov. Rick Snyder at the Detroit Regional Chamber's Mackinac Policy
Conference that same year. The program was designed to help Michigan suppliers
provide improved services to companies across the state.
Since Gov. Snyder's announcement, DTE Energy has spent more than $1.4 billion
with Michigan suppliers. DTE Energy continues to develop significant areas of
growth with its suppliers in the areas of construction, pipeline construction
and maintenance, engineering, energy optimization, renewable energy, natural
gas storage and IT consulting services.
The Pure Michigan Business Connect Initiative, which is administered through
an alliance with the Michigan Economic Development Corporation (MEDC), also
helps companies find new ways to raise capital, get access to a variety of
business services and provides business-to-business procurement opportunities.
"We applaud DTE Energy's commitment to doing business in Michigan with
Michigan suppliers," MEDC President and CEO Michael A. Finney said. "DTE is
definitely a key driver behind the success of the Pure Michigan Business
Connect Initiative and the positive impact it is having on our economy."
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 an electric utility serving 2.1
million customers in Southeastern Michigan and a natural gas utility serving
1.2 million customers in Michigan. The DTE Energy portfolio also includes
non-utility energy businesses focused on power and industrial projects,
unconventional gas production and energy trading. Information about DTE
Energy is available at dteenergy.com, twitter.com/dte_energy and
SOURCE DTE Energy
Contact: Scott Simons, DTE Energy, +1-313-235-8808, or Alejandro Bodipo-Memba,
DTE Energy, +1-313-235-3202
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