DTE Energy Services, a Non-utility Business of Dte Energy, Completes Purchase of Marina Thermal Facility in Atlantic City

Source Press Release
Company DTE Energy CompanySouth Jersey Industries 
Tags Asset Deals, Deals, Renewable Energy, Power
Date February 19, 2020

DTE Energy Services, a non-utility business of DTE Energy (NYSE: DTE), today announced it completed the $100 million purchase of the Marina Thermal Facility from SJI, an energy services holding company based in Folsom, New Jersey.

Located in Atlantic City, the Marina Thermal Facility is an eight-megawatt combined heat and power generation facility that provides electricity and hot and chilled water to MGM’s Borgata Hotel Casino & Spa and The Water Club.

“DTE Energy Services has been providing reliable energy services to our customers that allow for greater business focus and ensure the safety of our employees, customers and the communities we’ve served for the past 25 years,” said Mark Stiers, president and chief operating officer, DTE Power & Industrial. “We’re proud to add the Marina Thermal Facility to our portfolio of on-site energy projects, and we look forward to continuing to provide MGM’s Borgata Hotel Casino & Spa and The Water Club with reliable service that meets their energy needs for years to come.”

Source: EvaluateEnergy® ©2020 EvaluateEnergy Ltd