U-21193-0524

Overview

DTE Electric and multiple parties entered a settlement on DTE’s integrated resource plan, approving a modified resource plan with $125 million for Belle River gas conversion, $1.045 billion in coal asset securitization, and scheduled Monroe coal plant retirements.

Key Points

• •Parties agreed DTE’s modified IRP preferred course of action is reasonable and prudent with next IRP due by December 2026.
• •Settlement preapproved $125 million (excluding a $10 million reserve) for Belle River’s coal-to-gas conversion.
• •Monroe Units 3 and 4 will retire by year‑end 2028 and Units 1 and 2 by year‑end 2032, subject to certain regulatory contingencies.
• •Parties supported securitizing about $1.045 billion for Belle River coal handling assets (~$200 million) and Monroe net book value (~$845 million).
• •Citizens Utility Board, Michigan Environmental Council, Energy Michigan, Wolverine, and ABATE did not sign but filed statements of non‑objection.