false--12-31DTE Electric Securitization Funding I LLC00000283850001876068 0000028385 2022-03-17 2022-03-17 0000028385 dte:DteElectricSecuritizationFundingILlcMember 2022-03-17 2022-03-17
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM
 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report:
 March 17, 2022
(Date of earliest event reported)
 
Commission file number
  
Registrant, State of Incorporation or
Organization,
Address of Principal Executive Offices and
Telephone Number
  
IRS Employer
Identification Number
1-2198
  
DTE ELECTRIC COMPANY
(a Michigan corporation)
One Energy Plaza
Detroit, Michigan 48226-1279
313-235-4000
  
38-0478650
333-261612-01
  
DTE ELECTRIC SECURITIZATION FUNDING I LLC
(a Delaware limited liability company)
C/O DTE Electric Company
One Energy Plaza
Detroit, Michigan 48226-1279
313-235-4000
  
87-2027468
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
  ☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
  ☐
Soliciting Material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
  ☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
  ☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
 
Title of each class
 
Trading
Symbol(s)
 
Name of each exchange
on which registered
 
 
None
 
  
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth
 company 
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
Item 5.03.
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On March 16, 2022, the Amended and Restated Limited Liability Company Agreement of DTE Electric Securitization Funding I LLC (the “Issuing Entity”) was amended to change the registered office and registered agent.
 
Item 8.01.
Other Events
On March 17, 2022, the Issuing Entity issued $235,800,000 of Senior Secured Securitization Bonds, Series 2022A (the “Securitization Bonds”), pursuant to an Indenture and Series Supplement, each dated as of March 17, 2022. The Securitization Bonds were offered pursuant to the Prospectus dated March 10, 2022. In connection with this issuance of the Securitization Bonds, DTE Electric Company and the Issuing Entity are filing the exhibits listed in Item 9.01, which are annexed hereto as exhibits to this Current Report on Form
8-K.
 
Item 9.01.
Financial Statements and Exhibits
(d) Exhibits.
 
Exhibit
No.
  
Description
3.3
  
3.4
  
4.1
  
4.2
  
5.1
  
8.1
  
10.1
  
10.2
  
10.3
  
23.1
  
23.2
  
99.2
  
99.3
  
104
  
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized.
 
 
 
DTE ELECTRIC COMPANY
 
 
By:
 
/s/ Timothy J. Lepczyk
Dated: March 17, 2022
 
 
 
Timothy J. Lepczyk
Assistant Treasurer
 
 
DTE ELECTRIC SECURITIZATION FUNDING I LLC
 
 
By:
 
/s/ Timothy J. Lepczyk
Dated: March 17, 2022
 
 
 
Timothy J. Lepczyk
Secretary