Traverse City Record-Eagle

Business

June 3, 2014

Business in Brief: 06/03/2014

Gas prices rise 7 cents over past week

DEARBORN — AAA Michigan says gasoline prices have risen about 7 cents during the past week to a statewide average of about $3.91 per gallon.

The auto club says Monday the average is up about 1 cent from this time last year.

Of the cities it surveys, AAA Michigan says the cheapest price for self-serve unleaded fuel is in the Marquette area, where it's about $3.75 a gallon. The highest average is in the Jackson, Saginaw, Bay City, Midland and Traverse City areas at about $3.94 a gallon.

Dearborn-based AAA Michigan surveys 2,800 Michigan gas stations daily.

DTE Energy buying wind park in Huron Co.

BROOKFIELD TOWNSHIP — DTE Energy Co. is buying one of two Pheasant Run wind parks in Michigan from a subsidiary of NextEra Energy Resources LLC. The Detroit-based utility announced Monday that the 75-megawatt Pheasant Run II wind park in Huron County will be renamed the Brookfield Wind Park. Operating since earlier this year, it will shut down for one to two weeks during the transition.

The wind park is located in Brookfield Township, about 95 miles north of Detroit.

A subsidiary of NextEra Energy Resources will still own and operate Pheasant Run I, with DTE continuing to buy the energy. Each wind park includes 44 wind turbines. DTE says the 150 megawatts generated by the wind parks is enough to power about 70,000 homes.

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