Green Bonds

To date, DTE Electric has completed the issuance of approximately $1.2 billion of green bonds.

In 2018, DTE Electric issued $525 million of Green Bonds to finance new and existing "Eligible Green Expenditures," which include renewable energy infrastructure and energy efficiency initiatives. DTE Electric's Green Bond issue was the first by an investment-grade energy company in Michigan and the fifth nationwide by an investment-grade energy company. In 2019, DTE Electric completed a second issuance of $650 million of Green Bonds. An investment tool, bonds are referred to as "Green Bonds" when the proceeds are earmarked for environmental or "green" projects or programs.

Reducing carbon emissions and developing cleaner sources of energy are key corporate priorities. Believing that we can have both a healthy economy and a healthy environment, DTE will reduce carbon emissions 50 percent by 2030 and 80 percent by 2040 – ensuring its medium- and long-term plans align with the scientific consensus around the importance of achieving significant economy-wide carbon emissions reduction by mid-century. DTE’s plan is among the most aggressive and was one of the first to be announced in the energy industry – committing the company to significantly higher levels of renewable energy generation and energy waste reduction, while maintaining reliability and affordability for customers.

In the short-term, DTE plans to double its renewable energy capacity from 1,000 megawatts to 2,000 megawatts over the next five years, a move that will drive an additional investment of $1.7 billion and produce enough clean energy to power more than 800,000 homes.

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.

February 2019 Issuance
May 2018 Issuance