EDF Closes $1.6 Billion Loan to Modernize DTE Gas Infrastructure in Michigan
EDF closed a $1.6 billion loan for DTE Gas to rebuild a compressor station and modernize about 800 miles of Michigan distribution mains and service lines. The financing is expected to lower debt costs, reducing winter prices. Around $700 million in savings will flow to 1.4 million customers over the 30-year loan, while investments support more than 750 jobs.