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March 2021 Issuance

In 2021, DTE Electric completed its third green bond issuance of $1.0 billion. The series was issued in 2 tranches, $575 million 2021 Green Series A 1.90% General and Refunding Bonds due 2028 and $425 million 2021 Green Series B 3.25% General and Refunding Bonds due 2051.

Below you can see the specific Eligible Green Projects to which DTE Electric has allocated the proceeds from the company’s green bond issuance, the environmental benefits of those projects and Management’s Assertion and Independent Accountants’ Attestation Report

Management’s Assertion and Independent Accountant’s Attestation Report.

  • Amount Allocated: $521 million
  • In Service: June 2021
  • Location: Isabella County, Michigan
  • Capacity: approximately 383 MW
  • In 2021, the project generated 456,418 megawatt hours annually (MWh) and offset 323,455 metric tons of CO2.*
  • In 2021, the project generated enough electricity to power the equivalent of approximately 58,515 average U.S. homes for one year.**

*Per the EPA Environmental Impacts Calculator
**Based on the average home in DTE Energy’s territory using 650 kWhs per month

  • Amount Allocated: $259 million
  • In Service: May 2020
  • Location: Gratiot County, Michigan
  • Capacity: approximately 168 MW
  • In 2020, the project generated 281,461 megawatt hours annually (MWh) and offset 199,466 metric tons of CO2.*
  • In 2020, the project generated enough electricity to power the equivalent of approximately 36,085 average U.S. homes for one year.**

*Per the EPA Environmental Impacts Calculator
**Based on the average home in DTE Energy’s territory using 650 kWhs per month

  • Amount Allocated: $132 million
  • In Service: January 2022
  • Location: Delta County, Michigan
  • Capacity: approximately 72 MW
  • In 2022, the project generated 214,527 megawatt hours annually (MWh) and offset 144,130 metric tons of CO2.*
  • In 2022, the project generated enough electricity to power the equivalent of approximately 27,503 average U.S. homes for one year.**

*Per the EPA Environmental Impacts Calculator
**Based on the average home in DTE Energy’s territory using 650 kWhs per month

  • Amount Allocated: $40 million
  • Location: Various, Michigan
  • Resource: 10 utility-scale projects
  • In 2020, the project generated 1,525,246 megawatt hours (MWh) and offset 1,080,915 metric tons of CO2.*
  • In 2020, the project generated enough electricity to power the equivalent of approximately 195,544 average U.S. homes for one year.**

*Per the EPA Environmental Impacts Calculator
**Based on the average home in DTE Energy’s territory using 650 kWhs per month

  • Amount Allocated: $37 million
  • EWR Programs include offerings available to residential customers, commercial and industrial customers, Pilot Programs and general education and awareness programs.
  • Through DTE's EWR Programs customers have upgraded equipment in their homes and their businesses, helping them to become more energy efficient, and they have been provided with education, tips, strategies and tools to help them save money on their energy bills.
  • In 2020, DTE Electric's EWR Program resulted in total verified net electric savings of 769,790 megawatt hours (MWh) or 1.67% of 2019 planned retail sales, as compared to the minimum legislative requirement of 462,223 megawatt hours (MWh).