March 2021 Issuance

In 2021, DTE Electric completed its third green bond issuance of $1.0 billion. The series was issued in 2 tranches, $575 million 2021 Green Series A 1.90% General and Refunding Bonds due 2028 and $425 million 2021 Green Series B 3.25% General and Refunding Bonds due 2051.

The link below provides the specific Eligible Green Expenditures to which DTE Electric has allocated the proceeds from the company’s green bond issuance and Management’s Assertion and Independent Accountants’ Attestation Report

Management’s Assertion and Independent Accountant’s Attestation Report.
Isabella Wind Park
 
  • Amount Allocated: $521 million
  • In Service: June 2021
  • Location: Isabella, Michigan
  • Capacity: 383 MW
  • We estimate the project will generate 940,000 megawatt hours annually (MWh) and offset 664,618 metric tons of CO2.*
  • We estimate the project will generate enough electricity to power the equivalent of approximately 120,000 average U.S. homes for one year.**

*Per the EPA Environmental Impacts Calculator
**Based on the average home in DTE Energy’s territory using 650 kWhs per month
 

Polaris Wind Park
 
  • Amount Allocated: $259 million
  • In Service: May 2020
  • Location: Gratiot County, Michigan
  • Capacity: approximately 168 MW
  • In 2020, the project generated 281,461 megawatt hours annually (MWh) and offset 199,466 metric tons of CO2.*
  • We estimate the project will generate enough electricity to power the equivalent of approximately 36,085 average U.S. homes for one year.**

*Per the EPA Environmental Impacts Calculator
**Based on the average home in DTE Energy’s territory using 650 kWhs per month
 

Fairbanks Wind Park
 
  • Amount Allocated: $132 million
  • In Service: January 2022
  • Location: Delta County, Michigan
  • Capacity: 73 MW
  • We estimate the project will generate 240,000 megawatt hours annually (MWh) and offset 169,690 metric tons of CO2.*
  • We estimate the project will generate enough electricity to power the equivalent of approximately 30,000 average U.S. homes for one year.**

*Per the EPA Environmental Impacts Calculator
**Based on the average home in DTE Energy’s territory using 650 kWhs per month
 

Power Purchase Agreements
 
  • Amount Allocated: $40 million
  • Location: Various, Michigan
  • Resource: 10 utility-scale projects
  • In 2020, the project generated 1,525,246 megawatt hours (MWh) and offset 1,080,915 metric tons of CO2.*
  • In 2020, the project generated enough electricity to power the equivalent of approximately 195,544 average U.S. homes for one year.**

*Per the EPA Environmental Impacts Calculator
**Based on the average home in DTE Energy’s territory using 650 kWhs per month
 

Energy Waste Reduction (EWR) Programs
 
  • Amount Allocated: $37 million
  • EWR Programs include offerings available to residential customers, commercial and industrial customers, Pilot Programs and general education and awareness programs.
  • Through DTE's EWR Programs customers have upgraded equipment in their homes and their businesses, helping them to become more energy efficient, and they have been provided with education, tips, strategies and tools to help them save money on their energy bills.
  • In 2020, DTE Electric's EWR Program resulted in total verified net electric savings of 769,790 megawatt hours (MWh) or 1.67% of 2019 planned retail sales, as compared to the minimum legislative requirement of 462,223 megawatt hours (MWh).