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Long-Term Debt (Notes)
12 Months Ended
Dec. 31, 2013
Long-term Debt, Unclassified [Abstract]  
Long-term Debt [Text Block]
LONG-TERM DEBT

The Company's long-term debt outstanding and weighted average interest rates (a) of debt outstanding at December 31 were:
 
2013
 
2012
 
(In millions)
Taxable Debt, Principally Secured
 
 
 
4.7% due 2014 to 2043
$
4,286

 
$
3,777

Tax- Exempt Revenue Bonds (b)
 
 
 
5.1% due 2014 to 2036
558

 
707

 
4,844

 
4,484

Less amount due within one year
(304
)
 
(263
)
 
$
4,540

 
$
4,221

 
 
 
 
Securitization Bonds
 

 
 

6.6% due 2015
$
302

 
$
479

Less amount due within one year
(197
)
 
(177
)
 
$
105

 
$
302


_________________________________
(a)
Weighted average interest rates as of December 31, 2013 are shown below the description of each category of debt.
(b)
Tax-Exempt Revenue Bonds are issued by a public body that loans the proceeds to DTE Electric on terms substantially mirroring the Revenue Bonds.

Debt Issuances

In 2013, the following debt was issued:
Month
Type
 
Interest Rate
 
Maturity
 
Amount
 
 
 
 
 
 
 
(In millions)
March
Mortgage Bonds (a)
 
4.00
%
 
2043
 
$
375

August
Mortgage Bonds (a)
 
3.65
%
 
2024
 
400

 
 
 
 
 
 
 
$
775


_____________________________
(a)
Proceeds were used for the redemption of long-term debt, repayment of short-term borrowings and general corporate purposes.

Debt Redemptions

In 2013, the following debt was redeemed:
Month
 
Type
 
Interest Rate
 
Maturity
 
Amount
 
 
 
 
 
 
 
 
(In millions)
March
 
Securitization Bonds
 
6.42
%
 
2013
 
$
88

March
 
Tax Exempt Revenue Bonds (a)
 
5.30
%
 
2030
 
51

April
 
Other Long-Term Debt
 
Various

 
2013
 
13

September
 
Securitization Bonds
 
6.62
%
 
2013
 
89

September
 
Senior Notes
 
6.40
%
 
2013
 
250

December
 
Tax Exempt Revenue Bonds (a)
 
5.50
%
 
2030
 
49

December
 
Tax Exempt Revenue Bonds (a)
 
6.75
%
 
2038
 
50

 
 
 
 
 
 
 
 
$
590


_____________________________
(a)
Tax Exempt Revenue Bonds are issued by a public body that loans the proceeds to DTE Electric on terms substantially mirroring the Revenue Bonds.

The following table shows the scheduled debt maturities:
 
 
 
 
 
 
 
 
 
 
 
2019 &
 
 
 
2014
 
2015
 
2016
 
2017
 
2018
 
thereafter
 
Total
 
(In millions)
Amount to mature
$
501

 
$
315

 
$
151

 
$

 
$
300

 
$
3,879

 
$
5,146


Cross Default Provisions

Substantially all of the net properties of DTE Electric are subject to the lien of its mortgage. Should DTE Electric fail to timely pay its indebtedness under this mortgage, such failure may create cross defaults in the indebtedness of DTE Energy.