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Long-Term Debt (Notes)
3 Months Ended
Mar. 31, 2014
Long-term Debt, Unclassified [Abstract]  
Long-term Debt [Text Block]
LONG-TERM DEBT

Debt Issuances

In March 2014, DTE Electric agreed to issue $150 million of 4.60%, 30-year mortgage bonds and $100 million of 3.77%, 12-year mortgage bonds to a group of institutional investors in a private placement transaction. The bonds are expected to close and fund in June 2014. Proceeds will be used for the repayment of existing indebtedness and for general corporate purposes.

Debt Redemptions

In 2014, the following debt was redeemed:
Company
 
Month
 
Type
 
Interest Rate
 
Maturity
 
Amount
 
 
 
 
 
 
 
 
 
 
(In millions)
DTE Electric
 
March
 
Mortgage Bonds
 
Various

 
2014
 
13

DTE Electric
 
March
 
Securitization Bonds
 
6.62
%
 
2014
 
100

DTE Energy
 
Various
 
Other Long Term Debt
 
Various

 
2014
 
2

 
 
 
 
 
 
 
 
 
 
$
115



In April 2014, DTE Electric called $31 million of 2.35% tax exempt revenue bonds and $32 million of 4.65% tax exempt revenue bonds with final maturities of 2024 and 2028, respectively.