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Long-Term Debt (Notes)
9 Months Ended
Sep. 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

DTE Electric
 
July
 
Mortgage Bonds (a)
 
3.375%
 
2025
 
350

DTE Electric
 
July
 
Mortgage Bonds (a)
 
4.30%
 
2044
 
350

 
 
 
 
 
 
 
 
 
 
$
1,300

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

In September 2014, DTE Gas agreed to issue $150 million of 4.35% mortgage bonds due 2044 to a group of institutional investors in a private placement transaction. These bonds are expected to close and fund in December 2014. Proceeds will be used 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 Electric
 
July
 
Senior Notes
 
4.80%
 
2015
 
200

DTE Electric
 
August
 
Senior Notes
 
5.40%
 
2014
 
200

DTE Electric
 
August
 
Tax Exempt Revenue Bonds (a)
 
5.25%
 
2029
 
60

DTE Electric
 
September
 
Securitization Bonds
 
6.62%
 
2014
 
96

DTE Energy
 
Various
 
Other Long Term Debt
 
Various
 
2014
 
5

 
 
 
 
 
 
 
 
 
 
$
1,222


_______________________________________
(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.