Michigan Attorney General Dana Nessel and four environmental groups appealed the Michigan Public Service Commission's conditional approval of DTE Energy contracts for 1.4 GW to the Stargate campus in Saline Township, the OpenAI, Oracle, and Related Digital project.
Michigan's Court of Appeals is now hearing challenges to the DTE-Oracle power agreement that anchored Related Digital's $16 billion Ann Arbor financing from Blackstone and PIMCO.
Oracle's Michigan deal closes the loop on what disciplined sequencing looks like, DTE committed 100% of the 1 GW campus power before the $14 billion bond sale priced, with Pimco taking $10 billion at a 7.5% coupon to 2045.
Google's "clean transition tariff" agreement with DTE Energy bundles **1.6 GW of solar, 400 MW of storage, and 300 MW of bilateral contracts** to feed a proposed 1 GW campus near Detroit, with a **$10 million affordability fund** as political cover for ratepayer concerns.