On May 7, 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. 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 by more than 80 percent by 2050 – a time frame that aligns with what scientists broadly have identified as necessary to address climate change. 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. DTE Energy will monitor and account for an amount equal to the net proceeds from the sale of these bonds to ensure allocation to Eligible Green Expenditures. Within one year of issuance, DTE Electric will provide an update on our website regarding the allocation of the net proceeds of the bonds to Eligible Green Expenditures, including the key environmental features of such Eligible Green Expenditures.

For more information, please see the filed Prospectus associated with the Green Bond Offering.
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