Utilities pledge to expand in state purchasing to $1 billion a year
June 23, 2015
Article courtesy of MIRS
Gov. Rick Snyder announced Thursday commitments from DTE Energy and Consumers Energy, the state’s two major utility companies, to increase their annual spend with Michigan owned businesses to $1 billion a year.
“In May of 2013 that number was going to a billion,” Snyder told the SBAM Annual Conference. “They’re signing up for a new goal. Over the next five years each of the companies will spend $1 billion a year.”
Snyder called the total $10 billion commitment “a huge opportunity.”
“This is the kind of partnership we want to continue,” he added of the Pure Michigan Business Connect commitments.
The total $10 billion, five-year commitment does not include the cost of constructing any new power generation plants — something John Russell, the president of Consumers Energy, said could allow the companies to move beyond the $1-billion-a-year goal.