TITLE

CMS, DTE sell assets, focus on core utility operations

AUTHOR(S)
Lane, Amy
PUB. DATE
January 2008
SOURCE
Crain's Detroit Business;1/28/2008, Vol. 24 Issue 4, p13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the sale of assets by CMS Energy Corp. and DTE Energy Co. to focus on their core utility operations. From 2002 through 2007, CMS sold $5.8 billion in assets. Its strategy has been to sell nonstrategic assets and use the proceeds to pay off debt and focus on Consumers Energy Co. In 2006, DTE announced a plan to sell business lines throughout its nonutility operations and focus on its utility base of Michigan Consolidated Gas Co. and Detroit Edison Co.
ACCESSION #
28864628

 

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