Long-Term Debt

9 Months Ended

Sep. 30, 2019

LONG-TERM DEBT

Debt Issuances

In 2019, the following debt was issued:



Company	Month	Type	Interest Rate	Maturity Date	Amount
					(In millions)
DTE Electric	February	Mortgage Bonds^(a)	3.95%	2049	$	650
DTE Energy	June	Senior Notes^(b)	2.60%	2022	300
DTE Energy	June	Senior Notes^(b)	3.40%	2029	500
					$	1,450

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(a)	Bonds were issued as Green Bonds and the proceeds will be used to finance expenditures for solar and wind energy, payments under power purchase agreements for solar and wind energy, and energy optimization programs.


(b)	Proceeds were used for the repayment of short-term borrowings and general corporate purposes.

In October 2019, DTE Gas issued $140 million of 2.95% First Mortgage Bonds due October 1, 2029 and $140 million of 3.72% First Mortgage Bonds due October 1, 2049 to a group of institutional investors in a private placement transaction. Proceeds were used for the repayment of short-term borrowings and for general corporate purposes.

Additionally in October 2019, the following securities were redeemed at maturity: $400 million DTE Energy 2016 Series D 1.5% Senior Notes and $120 million DTE Gas 2004 Series E 5.0% Senior Notes.

Remarketable Senior Notes

In August 2019, DTE Energy remarketed the $675 million 2016 Series C 1.5% RSNs due 2024 pursuant to the terms of the 2016 Equity Units. As a result of the remarketing, the interest rate was reset to 2.529%, payable semi-annually at the new rate beginning October 1, 2019. At September 30, 2019, these securities are included in Mortgage, bonds, notes and other within DTE Energy's Consolidated Statements of Financial Position. DTE Energy did not receive any proceeds for the remarketing. All proceeds belonged to the investors holding the related 2016 Equity Units and were temporarily used to purchase a portfolio of treasury securities. The securities were released on behalf of investors to complete the related stock purchase contracts settlement date of October 1, 2019 to pay the purchase price to DTE Energy for the issuance of approximately 5.87 million shares of common stock.