The CEO of DTE Energy said on Thursday that a $ 1.75 billion back-to-back federal reconciliation package would help save DTE’s electricity customers and accelerate the retirement of coal-fired factories.
It is unknown at this time what he will do after leaving the post. Club. The Detroit-based Metro Detroit and Tumbling region plan to stop using coal by 2040, but are looking to eliminate many generations by the mid-2030s.
“We pass on all those tax benefits to our customers at lower rates for the same product,” Norcia said at a luncheon at the MotorCity Casino Hotel. “It’s very important to our customers, and it’s important to us, because we invest in these products.”
The law will provide tens of billions of dollars for renewable energy sources such as wind and solar over the next decade. Encouraging DTE and other energy suppliers to make such investments will help reduce the cost of early green energy and provide tax credit, which will reduce energy transfer costs, Norway said.
A.D. Between 2021 and 2022, the utility is depleting 20% of its coal capacity. Meanwhile, over the next five years, $ 3 billion is being invested in solar energy, and the new $ 1 billion Blue Water Energy Natural Gas Factory will come to St. Claire County Online next summer. The latest test fire was successful, says Norcia.
However, he emphasized that customers who want to reduce their carbon footprint should opt for the MIGreenPower subscription service and pay up to 100% of their energy from renewable sources. Prices vary according to market conditions, but on average the price for wind power is around 2 cents per kilowatt hour and about 3 cents for half the sun and half the wind. According to the US Energy Information Administration, the average Michigan household consumes 676 kilowatt hours per month.
“It’s the right thing to do,” said Jason Weiss, a resident of Shelby Township. “The cost to help make the planet a home for our children and grandchildren is very small.”
Norcia says decarbonation efforts will go hand in hand with the automotive industry’s efforts to generate electricity. Although Ford Motor Corporation has chosen to open new electric car assembly plants and new batteries in Tennessee and Kentucky, Norcia DTE has been in “strong” talks with Michigan State and companies over the past several months. Open EV related resources here, even if he refuses to comment.
“There is a lot of discussion, a lot of discussion, and I’m sure we can move this forward for the government,” Norcia said. “There’s a lot of collaboration here in Michigan between people who want to do something and the state and energy companies.”
Ford has chosen a new location for the plant, citing cheaper electricity. In August, Michigan 8.04 cents per kilowatt-hour industrial value was 7.65 cents higher than the U.S. national average, according to the US Energy Information Administration. But Norcia said Michigan and DTE could compete for these projects.
“We can compete with anyone in such a system,” said Norcia, who works 24/7. “We can make the product more competitive in North America than any other electric company, so we are ready to compete.
“We have been here over the last 100 years, we have built and helped build many assembly factories and we will be very competitive in those assembly plants. We will be competitive in the future.
Competitiveness also comes down to grid reliability. The institute has partnered with a five-year, $ 7 billion tree logging and infrastructure project to address power shortages. It also includes pilot study to bury power lines; About 30% of the power lines are underground in the DTE service area. But this summer, 90 percent of the power outages were caused by trees and branches, which can be remedied by cutting, Norcia said.
“Welcome to Troy, 45, from Troy.”
While there is a significant increase in the number of CVD-19 cases in Michigan, DTE wants to increase staff immunization rates. Last week, DTE began offering a $ 750 incentive to employees, despite opposition to the law in court, which said it would not carry out its weekly vaccination or screening of employees in businesses with 100 or more employees. We have received the shot or will receive it by December 18th. Rates do not cover the cost of those fees, said DTE spokeswoman Paula Silver.
Norway is talking about the immunization rate of the worker, it is a very special way to move it, and it has already started to move, but he refused to say what that is. “If you look at the state immunization rates, some of them reflect the immunization of our staff. We want to get ahead of the surgery and vaccinate as many people as possible.
“We provide the necessary services to the community and, most importantly, I want to make sure that all our employees are healthy and able to fulfill our obligation to serve.”