May 2018 Issuance

On May 7, 2018 DTE Electric issued $525 million of Green Bonds (2018 Series A 4.05% General and Refunding Bonds due 2048), the first investment-grade energy company in Michigan and the fifth nationwide by an investment-grade energy company to issue a green bond.

Below you can see the specific Eligible Green Projects to which DTE Electric has allocated the green bond proceeds ($518 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.
Utility Scale Solar Array
 
  • Amount Allocated: $94 million
  • 97% of project funded by this allocation
  • In Service: May 2017
  • Location: Lapeer County, Michigan
  • Capacity: 50 MW
  • In 2019, the project generated 56,161 megawatt hours (MWh) and offset 39,708 metric tons of CO2, 97% of which is 38,517 metric tons of CO2 offset.*
  • In 2019, Utility Scale Solar Array generated enough electricity to power the equivalent of approximately 7,200 average U.S. homes for one year, 97% of which is 6,984 homes.**

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

Pinnebog Wind Park
 
  • Amount Allocated: $90 million
  • 81% of project funded by this allocation
  • In Service: December 2016
  • Location: Huron County, Michigan
  • Capacity: 51 MW
  • In 2019, the project generated 172,689 megawatt hours (MWh) and offset 122,098 metric tons of CO2, 81% of which is 98,899 metric tons of CO2 offset.*
  • In 2019, Pinnebog Wind Park generated enough electricity to power the equivalent of approximately 22,140 average U.S. homes for one year, 81% of which is 17,933 homes.**

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

Power Purchase Agreements
 
  • Amount Allocated: $200 million
  • 61% of 2016 program funded by this allocation
  • 100% of 2017 program funded by this allocation
  • 70% of 2018 program funded by this allocation
  • Location: Various, Michigan
  • Resource: 10 utility-scale projects
  • In 2016, the project generated 1,526,312 megawatt hours (MWh) and offset 1,079,164 metric tons of CO2, 61% of which is 658,290 metrics tons of CO2 offset.*
  • In 2016, the project generated enough electricity to power the equivalent of approximately 195,681 average U.S. homes for one year, 61% of which is 119,365.**
  • In 2017, the project generated 1,551,773 megawatt hours (MWh) and offset 1,097,166 metric tons of CO2.*
  • In 2017, the project generated enough electricity to power the equivalent of approximately 198,945 average U.S. homes for one year.**
  • In 2018, the project generated 1,493,154 megawatt hours (MWh) and offset 1,055,720 metric tons of CO2, 70% of which is 739,004 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, 70% of which is 134,001 homes.**

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

Energy Waste Reduction (EWR) Programs
 
  • Amount Allocated: $134 million
  • 70% of 2016 programs funded by this allocation
  • 77% of 2017 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 2016, DTE Electric’s EWR Program resulted in total verified net electric savings of 630,920 megawatt hours (MWh) or 1.31% of 2015 planned retail sales, as compared to the minimum legislative requirement of 481,029 megawatt hours (MWh). 70% of the total 2016 verified net electric savings is 440,473 megawatt hours (MWh).
  • 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). 77% of the total 2017 verified net electric savings is 588,535 megawatt hours (MWh).