Utility DTE Energy expanded its investment plan 30% and plans to sell DTE Vantage for $3 billion to fund growth.

DTE is increasing its investment program while pursuing an asset sale. Utility Dive reported a 30% expansion in the investment plan and a planned $3 billion sale of DTE Vantage. The subsidiary is identified as an unregulated business, and the sale is presented as a means of funding growth.

Management described the transaction as simplifying DTE’s business. Chief Executive Joi Harris told analysts Thursday that, after the sale, DTE would become a higher-growth premium utility and a simpler company. Those statements describe management’s anticipated post-sale position, not a completed transaction or realized financial result.

The company also anticipates a regulatory-policy initiative. The article description says DTE expects a push in the state legislature for multiyear rate making. The supplied material does not identify the buyer, closing conditions, transaction timetable, net proceeds, or the expanded plan’s absolute dollar value.