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DTE Energy intends to pause future electric rate requests following upcoming filing as data centers come online

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Affordability benefits from data centers expected to help offset reliability investments for all customers

DETROIT, April 23, 2026 /PRNewswire/ — DTE Energy (NYSE: DTE) announced today that its electric company intends to forego asking for rate increases for at least two years following its upcoming filing with the Michigan Public Service Commission (MPSC) on April 28, 2026.

“Now more than ever, we know affordability matters to our customers – and we’re doing everything we can to keep energy bills as low as possible while also providing the reliable power they need,” said Joi Harris, president and chief executive officer, DTE Energy. “As long as the first data center project we’re supporting comes online as planned by the end of 2027 and we’re able to receive other regulatory approvals, we will refrain from filing another rate request until at least 2028—providing customers two years without an increase in rates after the current request is complete.”

Affordability Benefits of Data Center Development

When a new large customer is brought onto the electric system, fixed costs can be spread more widely. DTE’s two data center contracts – one approved and one currently with the MPSC for approval – will contribute nearly $9 billion to improving DTE’s electric system through 2045, helping to reduce the total amount needed from other customers.

“That’s why we’re excited to see the expected benefits of responsible data center development come to fruition,” said Harris. “This new industry is not only helping to grow Michigan’s economy, but once the data centers are fully online, it will make energy more affordable for all customers while bolstering our investments in creating the grid of the future.” 

Upcoming investment request

DTE Electric’s upcoming investment request is designed to build on recent reliability gains and continue strengthening its electric grid for the customers and communities the company serves in southeast Michigan. The request reflects DTE’s ongoing commitment to targeted investments that reduce outages, restore power faster when interruptions do occur and ensure reliable and cleaner energy for customers every day.

In 2025, DTE’s electric customers experienced the company’s best reliability performance in nearly 20 years — progress driven by sustained investments in tree trimming, grid hardening, automation and other system improvements.

“Reliable power isn’t just about keeping the lights on, it’s about supporting families, businesses and the broader Michigan economy,” said Matt Paul, president and chief operating officer, DTE Electric. “While we’re proud of our progress, we know we have more work ahead. Every investment we make moves us closer to our goal: a stronger, more reliable grid for every DTE customer, no matter the weather.”

As DTE continues investing in reliability and cleaner energy, the company is focused on limiting the long-term impact on customer bills and reducing the need for future rate requests. DTE continues to drive efficiencies in its operations and expects growing data center development to create meaningful customer affordability benefits over time.

What Happens Next

The filing on April 28 represents a formal request of $474.3 million to support several billion dollars of investment in the electric grid and power generation, marking the beginning of an approximately 10‑month regulatory review process. A final decision by the MPSC and any potential rate changes are not expected until late February 2027.

Key Things Media Should Know

The filing itself does not result in a bill increase. The filing will be reviewed by the MPSC as a contested case with opportunity for intervenor testimony. A final decision on the rate request will not be received from the MPSC until February 2027, with a customer rate change happening soon after.

Customers are seeing real reliability improvements – when we invest, it works.
DTE delivered its most reliable year in nearly 20 years in 2025, reducing the time customers spent without power by 60% compared to 2024, building on a 70% improvement the year before. Continued investment is essential to delivering the reliability customers demand and deserve. Learn more: Building a stronger, more reliable electric grid for you

These investments are enhancing DTE’s clean energy advancements. The upcoming filing also supports the completion of the conversion of the Belle River Power Plant from coal to natural gas as well as the development of the Trenton Channel Energy Center – expected to be the largest stand-along battery energy storage facility in the Great Lakes region when it is commissioned. Learn more: DTE CleanVision IRP: Roadmap to Net Zero by 2050

DTE remains focused on affordability. Since 2021, DTE’s electric bill growth has been among the lowest in the country. Residential electric bills are in the first quartile nationally and remain below the state of Michigan, Great Lakes region and national averages. For more information about DTE’s plans to build the energy grid of the future and the impact of our investment requests, visit https://www.dteenergy.com/future

No costs related to data centers are included in this investment request and data centers will not raise customer rates. Data centers—including the one DTE has been approved to support in Saline Township and the project under review in Van Buren Township – are governed by separate contracts and are required to pay the full cost of the infrastructure needed to serve them, ensuring other customers are protected. DTE customers will NOT subsidize data center rates. For more information, visit dteenergy.com/datacenterfacts

About DTE Energy 

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 an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.4 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE has continued to accelerate its carbon reduction goals to meet aggressive targets and is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy, emission reductions and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, x.com/DTE_Energy and facebook.com/dteenergy.

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SOURCE DTE Energy

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CGI announces private offering of C$500 million, in aggregate, of 3.25 year and 4.75 year senior unsecured notes

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MONTREAL, Sept. 9, 2026 /PRNewswire/ — CGI (TSX: GIB.A) (NYSE: GIB) announced today that it has priced an offering of Canadian dollar denominated senior unsecured notes in two series.

CGI will issue C$500 million in aggregate principal amount of senior unsecured notes, consisting of C$250 million aggregate principal amount of 3.25 year notes and C$250 million aggregate principal amount of 4.75 year notes. The 3.25 year notes will bear interest at the rate of 4.195% per annum and 4.75 year notes will bear interest at the rate of 4.484% per annum. The offering is expected to close on or about September 14, 2026, subject to customary closing conditions.

The net proceeds from the offering are expected to be approximately C$497.3 million after deducting the agents’ fees and estimated offering expenses. CGI intends to use the aggregate net proceeds from the offering to repay existing indebtedness and for general corporate purposes.

The notes are being offered in Canada on an agency basis by a syndicate of agents led by Scotia Capital Inc., Desjardins Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., RBC Dominion Securities Inc., and TD Securities Inc.

The notes will be offered on a private placement basis in each of the provinces of Canada in reliance upon exemptions from the prospectus requirements of applicable securities laws. The notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the notes in the United States or any other jurisdiction where such offering or sale would be unlawful.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2025 reported revenue is $15.91 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

Forward-looking information and statements

This press release contains “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbours. All such forward-looking information and statements are made and disclosed in reliance upon the safe harbour provisions of applicable Canadian and United States securities laws. Forward-looking information and statements include all information and statements regarding CGI’s intentions, plans, expectations, beliefs, objectives, future performance, and strategy, as well as any other information or statements that relate to future events or circumstances and which do not directly and exclusively relate to historical facts. Forward-looking information and statements often but not always use words such as “believe”, “estimate”, “expect”, “intend”, “anticipate”, “foresee”, “plan”, “predict”, “project”, “aim”, “seek”, “strive”, “potential”, “continue”, “target”, “may”, “might”, “could”, “should”, and similar expressions and variations thereof. These information and statements are based on our perception of historic trends, current conditions and expected future developments, as well as other assumptions, both general and specific, that we believe are appropriate in the circumstances. Such information and statements are, however, by their very nature, subject to inherent risks and uncertainties, of which many are beyond the control of CGI, and which give rise to the possibility that actual results could differ materially from our expectations expressed in, or implied by, such forward-looking information or forward-looking statements. These risks and uncertainties include but are not restricted to: risks related to the market such as the level of business activity of our clients, which is affected by economic and political conditions, additional external risks (such as pandemics, armed conflict, climate-related issues, inflation, tariffs and/or trade wars) and our ability to negotiate new contracts; risks related to our industry such as competition and our ability to develop and expand our services to address emerging business demands and technology trends (such as artificial intelligence), to penetrate new markets, and to protect our intellectual property rights; risks related to our business such as risks associated with our growth strategy, including the integration of new operations, financial and operational risks inherent in worldwide operations, legal and operational risks inherent in contracting with government clients, foreign exchange risks, income tax laws and other tax programs, the termination, modification, delay or suspension of our contractual agreements, our expectations regarding future revenue resulting from bookings and backlog, our ability to attract and retain qualified employees, to negotiate favourable contractual terms, to deliver our services and to collect receivables, to disclose, manage and implement environmental, social and governance (ESG) initiatives and standards, and to achieve ESG commitments and targets, including without limitation, our commitment to reduce our carbon emissions, as well as the reputational and financial risks attendant to cybersecurity breaches and other incidents, including through the use of artificial intelligence, and financial risks such as liquidity needs and requirements, maintenance of financial ratios, our ability to declare and pay dividends, interest rate fluctuations and changes in creditworthiness and credit ratings; as well as other risks identified or incorporated by reference in this press release, in CGI’s annual and quarterly MD&A and in other documents that we make public, including our filings with the Canadian Securities Administrators (on SEDAR+ at www.sedarplus.ca) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov). Unless otherwise stated, the forward-looking information and statements contained in this press release are made as of the date hereof and CGI disclaims any intention or obligation to publicly update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. While we believe that our assumptions on which these forward-looking information and forward-looking statements are based were reasonable as at the date of this press release, readers are cautioned not to place undue reliance on these forward-looking information or statements. Furthermore, readers are reminded that forward-looking information and statements are presented for the sole purpose of assisting investors and others in understanding our objectives, strategic priorities and business outlook as well as our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Further information on the risks that could cause our actual results to differ significantly from our current expectations may be found in the section titled Risk Environment of CGI’s annual and quarterly MD&A, which is incorporated by reference in this cautionary statement. We also caution readers that the above-mentioned risks and the risks disclosed in CGI’s annual and quarterly MD&A and other documents and filings are not the only ones that could affect us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial could also have a material adverse effect on our financial position, financial performance, cash flows, business or reputation.

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SOURCE CGI Inc.

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Yutong Opens Its First Comprehensive Service Center in Europe

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The Norway-based facility integrates maintenance, inspection, and parts supply to support battery-electric bus fleets throughout the vehicle lifecycle

STOKKE, Norway, Sept. 10, 2026 /PRNewswire/ — Yutong Bus officially opened its first Yutong Service Center (the “Center”) in Europe on September 8 in Stokke, Norway, integrating vehicle delivery, after‑sales service, spare parts supply, and professional training into one hub.

As Norway advances its transition to electric public transport, the Center will enhance maintenance capabilities, compliance inspections, and local service responsiveness for pure electric buses, offering customers a more direct service option and delivering systematic support for fleet operations across their full lifecycle.

Covering approximately 38,941 square meters with a building area of 6,074 square meters, including a 2,300‑square‑meter parts warehouse, the Center integrates brand display, vehicle delivery, after‑sales service, parts supply, and training facilities, delivering all‑around customer support. Built around Yutong as the core, the Center consolidates multi‑dimensional service functions and complements existing local partners and service channels, offering customers more direct, flexible issue resolution and service options.

“The service center is positioned as a comprehensive, centralized service hub, with a large inventory of parts, inspection facilities, professional service bays, and dedicated training equipment,” said Jack Li, CEO of Yutong Central and Northern Europe. “Through efficient operations, we aim to help reduce customers’ total cost of ownership and maximize bus uptime. By strengthening partnerships and expanding service coverage, we aim to deliver cost-effective services and create shared value while helping make public transport greener, smarter, and more inclusive.”

One‑stop service ecosystem: from parts supply to integrated service support across the fleet lifecycle

With the local service center and dedicated on‑ground team, Yutong consolidates parts supply, fault diagnostics, maintenance, and professional training into a single service system, improving service efficiency and delivering full‑lifecycle fleet support for Norwegian passenger transport and bus operators. The Center features a comprehensive reception area, maintenance and repair zone, parts storage area, hands-on training space, vehicle display area, and brand experience zone, offering local customers an integrated service package spanning everything from vehicle sales and delivery to after‑sales repairs, parts supply, and technical training.

The Center features seven standardized maintenance bays, as well as dedicated bays for powertrain and large-component repairs, equipped with four‑post lifts, an electronic laser wheel alignment system, a brake tester, and a heavy‑duty tire balancer. It offers repair capabilities for chassis, electrical and high‑voltage systems, powertrains, air conditioning, and interiors, and can also handle non‑severe accident vehicles, alcohol interlocks, and tachographs.

Built to EU standards, the Center includes a dedicated bus inspection line for Norway’s mandatory PKK annual inspections, featuring a 31.5‑meter pit, two 16‑ton pit jacks, and equipment for brake, lighting, side‑slip, and OBD testing, covering chassis, braking, safety devices, onboard diagnostics, and powertrain compliance. By conducting inspections, fault diagnosis, and safety checks locally, the Center helps customers reduce fleet downtime and lower operating costs.

It also has a 2,300‑square‑meter parts warehouse, covering 4,500 SKUs of Yutong genuine parts for battery, motor and electronic control systems, powertrains, chassis, steering systems, pneumatic and hydraulic systems, interior and exterior trim, wear parts, and maintenance consumables.

With local stock and regional distribution center replenishment, the Center reduces parts sourcing and repair waiting times, improving vehicle uptime and minimizing fleet downtime losses. All parts are backed by consistent quality and warranty standards, supported by a local engineering team delivering parts supply, diagnostics, and maintenance services.

Building local expertise: service, training, and long‑term fleet support

The Center also includes theoretical training rooms and hands-on training areas, with instruction led by experienced trainers. Equipped with a comprehensive whole-vehicle training platform for pure electric buses and dedicated training units for air conditioning, EBS braking, heaters, battery, motor and electronic control systems, and rear-axle disassembly, the Center supports training in component identification, operating principles, simulation, and fault diagnosis. The training equipment uses core assemblies and components sourced from actual vehicles, enabling customers’ maintenance technicians to apply what they learn directly to real-world repairs.

Through its local team, standardized maintenance and inspection procedures, parts inventory and training capabilities, Yutong continues to deliver on its “EnRoute+” global service commitment. As Yutong’s first comprehensive service center in Europe, the facility further underscores the company’s long-term commitment to serving European customers. Building on the Norway service center, Yutong will continue to advance its localized service approach in markets including the Netherlands, Chile, Kazakhstan and Saudi Arabia. These efforts will strengthen local capabilities in electric bus repair, maintenance and inspection, improve service responsiveness, create more high-quality local jobs and support the electrification and low-carbon transition of public transport.

For more information on Yutong Service Center and “EnRoute+” global service commitment, please visit https://en.yutong.com/.

SOURCE Yutong Bus

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Stablecoin Summit 2026 by XREX Group Returns to Singapore as Stablecoins Mature Into a Financial Infrastructure

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SINGAPORE, Sept. 10, 2026 /PRNewswire/ — Stablecoin Summit 2026, Asia’s premier event for stablecoin innovation, organised and hosted by XREX Group for the fourth consecutive year, returns to Andaz Singapore on 8 October 2026, bringing together the stablecoin industry’s most senior decision-makers.

“Stablecoins have become an independent industry, and we are witnessing it move toward a trillion-dollar market,” said Wayne Huang, Co-founder and Group CEO of XREX Group, host of Stablecoin Summit. “Real-world adoption is creating momentum for deeper financial integration. As blockchain finance and traditional finance converge, interoperability across stablecoins will become increasingly important. Stablecoins are redefining how money moves, clears, and settles. That is why we created Stablecoin Summit as a dedicated platform for this industry.”

Ranked the world’s most crypto-friendly city in 2026, Singapore has built one of Asia’s deepest regulated stablecoin markets. The city-state has consistently moved early on financial innovation, with 37 licensed digital payment token firms and MAS-led Project BLOOM testing stablecoins for domestic and cross-border settlement. This combination of regulatory clarity, financial expertise and a willingness to test new models in practice provides a strong setting for discussions on the future of stablecoins.

“XREX Singapore is a regulated Major Payment Institution licensed by the MAS, giving us a firsthand view of how regulation, technology and business needs are converging around stablecoins,” said Winston Hsiao, Co-founder and Group CRO of XREX Group. “The evolution of the speakers and participants at our Summit reflects the evolution of the industry itself. From crypto-native players to banks, financial institutions and regulators, the people at the table today tell the story of how stablecoins have moved into mainstream finance.”

In its fourth edition, Stablecoin Summit will feature more than 30 speakers and over 600 attendees from across the financial industry, bringing together senior leaders from stablecoin issuers, banks, payment providers, asset managers, and institutions, as well as regulators and policymakers. Key discussions will explore institutional adoption, the development of new stablecoin models and currencies, cross-border financial infrastructure, and the regulatory and trust frameworks needed for the industry to scale.

Confirmed speakers include:

Wayne Huang, Co-founder and Group CEO, XREX GroupWinston Hsiao, Co-founder and Group CRO, XREX GroupMaximilian Roszko, Business Development, Curve FinanceMichal Selbka, Director, DeFi and Digital Assets, S&P Global RatingsStani Kulechov, Founder and CEO, Aave LabsHassan Ahmed, Country Director, Singapore, CoinbaseRaja Chakravorti, Chief Business Officer, Stellar Development FoundationBhaumik Kotecha, Co-founder of Paxos LabsWill Nuelle, General Partner, Galaxy VenturesTushar Gulhane, Regional Lead, SAP

“Thanks to the foresight of our hosts, XREX Group, Stablecoin Summit Singapore has been fully focused on real-world applications, institutional adoption and payments since our first edition in 2023. Singapore’s role as a banking hub, regional HQ, and home away from home for millions of workers makes it a natural home for the stablecoin conversation in APAC. The summit’s role is to connect the institutions, fintech firms and stablecoin issuers moving the money of tomorrow, accelerating the adoption of stablecoins in Singapore and APAC,” said Zachary John, Founder and CEO of Party Action People, the key event partner of Stablecoin Summit since its inception.

Stablecoin Summit 2026 is supported by title sponsors Curve and Bridge, with support from S&P Global Ratings, Enterprise Ethereum Alliance, Midas, Frankencoin, Stellar, Spark, f(x) Protocol, Nara and Accountable.

Registration and the full agenda are available at stablecoinsummit.com.

About XREX Group:

XREX Group is a blockchain-enabled financial institution working with banks, regulators, and users to redefine banking together. We provide services to businesses in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide.

Founded in 2018, XREX Group offers a full suite of services such as digital asset custody, wallet, cross-border payment, fiat-crypto conversion, cryptocurrency exchange, and fiat currency on-off ramps.

Sharing the social responsibility of financial inclusion, XREX leverages blockchain technologies to further financial participation, access, and education.

XREX Singapore operates under the Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). XREX Taiwan is a regulated VASP that completed its Compliance Declaration on Anti-Money Laundering (AML) with Taiwan’s Financial Supervisory Commission (FSC) in March 2022. It passed its AML registration with the FSC in September 2025, becoming one of ten approved VASPs.

About Party Action People:

Party Action People is the Singapore-based event agency behind the stablecoin industry’s most talked-about gatherings — built to bring issuers, central banks, DeFi protocols, and TradFi institutions into one room to get real deals done, not just swap business cards. Since 2021, the team has produced Stable Summit (launched Paris, 2023), Stablecoin Summit — now heading into its Singapore edition on 8 October 2026 at Andaz Singapore — plus Vault Summit, Agentic Finance Day, and the Blockchain Oracle Summit. Past speakers span Tether, Anchorage Digital, EY, Mastercard, PayPal, Western Union, Curve, MakerDAO, Circle and Frax.

Media contact: Yoyo Yu
Email: yoyoyu@xrex.io

Media contact: Vasundhara Singh
Email: vasundhara@yapglobal.com

Media contact: Mansha Bakshi
Email: mansha@yapglobal.com

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SOURCE XREX Group

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