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May 2019 Issuance

In 2019, DTE Electric completed a second green bond issuance of $650 million (2019 Series A 3.95% General and Refunding Bonds due 2049).

Below you can see the specific Eligible Green Projects to which DTE Electric has allocated the green bond proceeds ($639 million), the environmental benefits of those projects and DTE Electric’s management assertion letter together with the independent accountants’ attestation report.

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

  • Amount Allocated: $262 million
  • In Service: March 2019
  • Location: Gratiot and Isabella County, Michigan
  • Capacity: 161 MW
  • In 2019, the project generated 316,426 megawatt hours (MWh) and offset 223,726 metric tons of CO2.*
  • In 2019, Pine River Wind Park generated enough electricity to power the equivalent of approximately 40,567 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 kWh per month

  • Amount Allocated: $32 million
  • 5% of project funded by this allocation
  • In Service: expected 2Q 2021
  • Location: Isabella, Michigan
  • Capacity: 383 MW
  • We estimate the project will generate 940,000 megawatt hours annually (MWh) and offset 664,618 metric tons of CO2, 5% of which is 33,231 metrics tons of CO2 offset.*
  • We estimate the project will generate enough electricity to power the equivalent of approximately 120,000 average U.S. homes for one year, 5% of which is 6,000 homes.**

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

  • Amount Allocated: $4 million
  • 3% of project funded by this allocation
  • In Service: expected 2Q 2021
  • Location: Delta County, Michigan
  • Capacity: 73 MW
  • We estimate the project will generate 240,000 megawatt hours annually (MWh) and offset 169,690 metric tons of CO2, 3% of which is 5,091 metric tons of CO2 offset.*
  • We estimate the project will generate enough electricity to power the equivalent of approximately 30,000 average U.S. homes for one year, 3% of which is 900 homes.**

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

  • Amount Allocated: $105 million
  • 30% of 2018 program funded by this allocation
  • 91% of 2019 program funded by this allocation
  • Location: Various, Michigan
  • Resource: 10 utility-scale projects
  • In 2018, the project generated 1,493,154 megawatt hours (MWh) and offset 1,055,720 metric tons of CO2, 30% of which is 316,716 metric tons of CO2 offset.*
  • In 2018, the project generated enough electricity to power the equivalent of approximately 191,430 average U.S. homes for one year, 30% of which is 57,429 homes.**
  • In 2019, the project generated 1,551,329 megawatt hours (MWh) and offset 1,096,852 metric tons of CO2, 91% of which is 998,135 metric tons of CO2 offset.*
  • In 2019, the project generated enough electricity to power the equivalent of approximately 198,888 average U.S. homes for one year, 91% of which is 180,988 homes.**

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

  • Amount Allocated: $236 million
  • 22% of 2017 programs funded by this allocation
  • 100% of 2018 programs funded by this allocation
  • 100% of 2019 programs funded by this allocation
  • EWR Programs include offerings available to residential customers, commercial and industrial customers, Pilot Programs and general education and awareness programs.
  • Through DTE Electric'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 2017, DTE Electric’s EWR Program resulted in total verified net electric savings of 761,630 megawatt hours (MWh) or 1.57% of 2016 planned retail sales, as compared to the minimum legislative requirement of 485,469 megawatt hours (MWh). 22% of the total 2017 verified net electric savings is 170,434 megawatt hours (MWh).
  • In 2018, DTE Electric’s EWR Program resulted in total verified net electric savings of 727,908 megawatt hours (MWh) or 1.55% of 2017 planned retail sales, as compared to the minimum legislative requirement of 471,024 megawatt hours (MWh).
  • In 2019, DTE Electric’s EWR Program resulted in total verified net electric savings of 717,073 megawatt hours (MWh) or 1.53% of 2018 planned retail sales, as compared to the minimum legislative requirement of 468,444 megawatt hours (MWh).