DTE's Haynesville Deal Accelerates Midstream Investment Plans DTE | Utilities Message Board Posts

  •  Registered Members of Investor Village:
    Please make sure you are signed in to your Investor Village account to enjoy the full benefits of our service and avoid the MediaPass paywall. If the MediaPass offer page is blocking you, click the light blue "No thanks, take me back" link on the middle right side of the form to get to our home page where you can sign in by entering your Investor Village User Name and Password. 

     MediaPass subscribers: Please make sure you are logged in to your MediaPass subscription to bypass the paywall. You can do this by clicking the light blue "Already have a MediaPass account? Login here" link on the middle left side of the subscription offer form and then entering the email address and password you used when you first signed up with MediaPass.  

    For assistance call 888-222-7309 or email admin@investorvillage.com

Utilities   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  1218 of 1480  at  10/18/2019 12:07:48 PM  by

jerrykrause


DTE's Haynesville Deal Accelerates Midstream Investment Plans DTE

 DTE's Haynesville Deal Accelerates Midstream Investment Plans DTE
 
Dow Jones
 
 
By Colin Kellaher

DTE Energy Co. (DTE) Friday said its deal to buy a gathering system and pipeline in the Haynesville shale formation accelerates its five-year investment plan for its DTE Midstream non-utility unit.

The Detroit energy company has planned to invest $4 billion to $5 billion in the DTE Midstream business from 2019 to 2023.

DTE is paying an initial $2.25 billion for the assets, which it is buying from privately held Momentum Midstream and Indigo Natural Resources, along with a $400 million milestone payment upon completion of the pipeline.

The company said another $600 million of contracted future growth capital brings its total acquisition-related investment to $3.25 billion.

DTE said it will fund the acquisition with a mix of 50% senior unsecured debt and 50% equity, mainly mandatory convertible equity units. The company added that it expects to maintain its strong balance sheet and investment-grade credit profile. 


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 1     Views: 24
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board






About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2019 Investorvillage.com. All rights reserved. User Agreement
   
Financial Market Data provided by
.


Loading...