Long-Term Debt

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Long-Term Debt

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 June 2019, DTE Gas agreed to issue $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. The bond issuances are expected to occur in October 2019. Proceeds will be used for the repayment of short-term borrowings and for general corporate purposes.