This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

DTE Energy Honored As Corporation Of The Year For Its Supplier Diversity Initiatives

DETROIT, Oct. 3, 2012 /PRNewswire/ -- DTE Energy was named Corporation of the Year for the third year in a row by the Michigan Minority Supplier Diversity Council (MMSDC) for its work in creating opportunities for minority-owned businesses.

DTE Energy was recognized by the MMSDC for its efforts to include certified minority suppliers in its procurement program, assisting in the development of minority suppliers, and for promoting supplier diversity within the company, as well as with its vendors and other businesses and organizations.

The company was the recipient of the award in 2011, 2010 and 2008 as well.

"We are very proud to be recognized again by the Michigan Minority Supplier Diversity Council," said Tony Tomczak, DTE Energy's director of purchasing. "We continue to believe that supplier diversity is critical to the success of our economy, our company and the communities we serve."

Earlier this week, DTE Energy announced it has exceeded its spending target with Michigan-based companies through the first three quarters of the year, as part of its ongoing commitment to the Pure Michigan Business Connect initiative. The company also said it expects to surpass its annual spending target of $575 million by the end of 2012, and now anticipates to spend $700 million with Michigan suppliers this year.

DTE Energy has pledged to invest $50 million incrementally over the next five years for a total of $750 million to do business with Michigan-based suppliers, as part of the Pure Michigan Business Connect program. Last year, DTE Energy spent more than $597 million with Michigan companies, including $81 million with companies headquartered in Detroit. 

The company's overall supply-chain spend is expected to result in the creation of more than 6,800 full-time jobs in Michigan, by the end of 2012. In addition, DTE Energy is increasing awareness around supply-chain spending with Detroit-based suppliers.

DTE Energy (NYSE: DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include Detroit Edison, an electric utility serving 2.1 million customers in Southeastern Michigan, MichCon, a natural gas utility serving 1.2 million customers in Michigan and other non-utility, energy businesses focused on gas storage and pipelines, unconventional gas production, power and industrial projects, and energy trading. Information about DTE Energy is available at dteenergy.com, twitter.com/dte_energy and facebook.com/dteenergy.

SOURCE DTE Energy

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,051.33 -28.24 -0.17%
S&P 500 1,996.54 -0.20 -0.01%
NASDAQ 4,562.1080 +4.4130 0.10%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs