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Long-Term Debt (Notes)
6 Months Ended
Jun. 30, 2014
Long-term Debt, Unclassified [Abstract]  
Long-term Debt [Text Block]
LONG-TERM DEBT

Debt Issuances

In 2014, the following debt was issued:
Company
 
Month
 
Type
 
Interest Rate
 
Maturity
 
Amount
 
 
 
 
 
 
 
 
 
 
(In millions)
DTE Energy
 
May
 
Senior Notes (a)
 
3.50%
 
2024
 
$
350

DTE Electric
 
June
 
Mortgage Bonds (a)
 
3.77%
 
2026
 
100

DTE Electric
 
June
 
Mortgage Bonds (a)
 
4.60%
 
2044
 
150

 
 
 
 
 
 
 
 
 
 
$
600

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

In July 2014, DTE Electric issued $350 million of 3.375% mortgage bonds due 2025 and $350 million of 4.30% mortgage bonds due 2044. Proceeds will be used for redemption of DTE Electric long-term debt, for the repayment of short-term borrowings 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 Electric
 
April
 
Tax Exempt Revenue Bonds (a)
 
2.35%
 
2024
 
31

DTE Electric
 
April
 
Tax Exempt Revenue Bonds (a)
 
4.65%
 
2028
 
32

DTE Gas
 
May
 
Mortgage Bonds
 
8.25%
 
2014
 
80

DTE Energy
 
May
 
Senior Notes
 
7.625%
 
2014
 
300

DTE Electric
 
June
 
Tax Exempt Revenue Bonds (a)
 
4.875%
 
2029
 
36

DTE Electric
 
June
 
Tax Exempt Revenue Bonds (a)
 
6.00%
 
2036
 
69

DTE Energy
 
Various
 
Other Long Term Debt
 
Various
 
2014
 
3

 
 
 
 
 
 
 
 
 
 
$
664


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

In June 2014, DTE Electric called for redemption $200 million of 4.80% senior notes due in February 2015 to be redeemed in July 2014 and $60 million of 5.25% tax exempt revenue bonds due in August 2029 to be redeemed in August 2014.