DTE Energy Spending $1.3B For Natural Gas Assets In 2 States

DETROIT (AP) – DTE Energy Co. plans to spend $1.3 billion for natural gas assets in Pennsylvania and West Virginia.

The Detroit-based company announced Monday that an agreement calls for DTE to purchase all of Appalachia Gathering System in Pennsylvania and West Virginia and 40 percent of Stonewall Gas Gathering in West Virginia from energy company M3 Midstream.

In addition, DTE plans to purchase 15 percent of Stonewall Gas Gathering from Vega Energy Partners.

The assets will become part of DTE’s non-utility Gas Storage and Pipeline business, which owns and manages a network of natural gas gathering, transmission and storage facilities serving the Midwest, Northeast and Ontario markets. The deals are expected to be completed this year.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


One Comment

  1. Jake319 says:

    DTE charges $12.45/mo for having a gas line to your house in the summer. I don’t use any gas in the summer but I pay $60.00 a year for not using any gas……. Snyders administration has allowed this surcharge to DTE because they have so many leaks in there distribution system.
    The consumer pays for poor maintenance practice to profit company….where is the competition?

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