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DTE Deutsche Telekom AG

24.26
0.09 (0.37%)
26 Jul 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Deutsche Telekom AG TG:DTE Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.09 0.37% 24.26 24.24 24.27 24.27 24.08 24.14 262,925 22:50:02

Detroit Edison Boosts Rewards for Copper Theft Info

29/09/2008 2:11pm

PR Newswire (US)


Deutsche Telekom (TG:DTE)
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Tips needed to thwart safety, service reliability problems DETROIT, Sept. 29 /PRNewswire/ -- Detroit Edison today boosted the amount it will pay for information leading to the arrest of copper thieves and urged its customers to help stop the growing problem of copper cable and transformer theft by reporting illegal activity. Copper thieves have not only targeted live power lines, but in recent months have taken transformers from Detroit Edison utility poles. Both practices are not only illegal, but extremely dangerous. "We have to put a stop to copper thievery," said Michael Lynch, DTE Energy chief security officer. "This is a dangerous activity for the people stealing copper, but also for the people affected by power outages caused by copper theft. As recently as last week we had 4,000 feet of power lines stolen from one location alone." DTE Energy is raising to $2,500 from $1,000 the amount it will pay for information leading to the arrest of people stealing copper. In addition, the company will pay $5,000, up from $2,500, for information leading to the arrest of people buying stolen copper. The number of copper theft incidents this year is keeping pace with 2007's record incident rate, but what has increased dramatically is the number of transformers being stolen, Lynch said. Last year, Detroit Edison experienced nearly 250 incidents of thieves taking copper from Detroit Edison power lines and equipment. "The danger and service reliability factors associated with copper theft makes this a substantial problem, Lynch said. "Thefts are progressing in frequency, blatancy, danger and even death, as we've witnessed in the last several months." While a majority of the thefts have occurred in the Detroit area, copper cable theft is a growing problem across the state and across the country. Both the Detroit City Council and the Michigan Legislature has acted to try to stem the tide of copper thefts. The City Council amended an ordinance to place stricter regulations on scrap metal dealers and scrap iron and metal processors, while the state legislature placed tougher penalties on certain entities caught buying or selling stolen copper cable. However, thefts have continued to rise as the local economy has soured. Detroit Edison customers with information about copper theft can call the company's security department at (313) 235-9119. DATASOURCE: Detroit Edison CONTACT: Scott Simons, +1-313-235-8808, or Lorie N. Kessler, +1-313-235-8807, both of Detroit Edison Web site: http://www.dteenergy.com/

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