The Department of Energy’s Office of Energy Dominance Financing announced today it closed a loan to lower Michigan electricity prices and modernize natural gas infrastructure.
June 15, 2026
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WASHINGTON—The Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) announced today it closed a loan to lower Michigan electricity prices and modernize natural gas infrastructure. The $1.6 billion loan to DTE Gas Company (DTE) will deliver over $700 million in cost savings to millions of customers in Michigan and is made possible by President Trump’s Working Families Tax Cut.
In accordance with President Trump’s Executive Order, Unleashing American Energy, DTE's natural gas upgrades are critical for ensuring the affordability and reliance of America’s energy distribution system.
“Thanks to President Trump and the Working Families Tax Cut, the Energy Department is lowering energy costs and ensuring the American people have access to affordable, reliable, and secure energy,” said Secretary Wright. “This loan to DTE Gas will lower energy costs, create jobs and increase grid reliability for the people of Michigan.”
The loan will be used to help modernize and strengthen approximately 800 miles of distribution mains and service lines. This includes rebuilding an existing compressor station that enables DTE to store natural gas in low demand periods, reducing the price Michigan customers pay during peak demand periods.
DOE remains committed to setting a new standard for government energy financing, ensuring the responsible stewardship of taxpayer dollars and that loans deliver affordable, reliable, and secure energy for the American people.