DTE Energy Discloses Debenture Purchase Agreement

TL;DR

DTE Energy filed an 8-K detailing a purchase agreement for its Series G debentures and providing info on Series E debentures.

AI Summary

DTE Energy Co. announced on October 1, 2024, that it has entered into a purchase agreement for its Series G 2020 4.375% Junior Subordinated Debentures due 2077. The company also disclosed information regarding its Series E 2017 5.25% Junior Subordinated Debentures due 2077.

Why It Matters

This filing provides transparency on DTE Energy's financing activities, specifically concerning its junior subordinated debentures, which can impact its capital structure and borrowing costs.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of a purchase agreement and financial instrument information, not indicating any immediate operational or financial distress.

Key Players & Entities

• DTE Energy Co. (company) — Filer
• DTE Electric Co. (company) — Subsidiary
• Series G 2020 4.375% Junior Subordinated Debentures due 2077 (dollar_amount) — Financial Instrument
• Series E 2017 5.25% Junior Subordinated Debentures due 2077 (dollar_amount) — Financial Instrument

FAQ

Filing Documents

• dte-20241001.htm (8-K) — 34KB
• wolfepresentationfinal10.htm (EX-99.1) — 35KB
• dte-20241001_g1.jpg (GRAPHIC) — 6KB
• wolfepresentationfinal10001.jpg (GRAPHIC) — 144KB
• wolfepresentationfinal10002.jpg (GRAPHIC) — 241KB
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• wolfepresentationfinal10010.jpg (GRAPHIC) — 24KB
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• wolfepresentationfinal10020.jpg (GRAPHIC) — 87KB
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• wolfepresentationfinal10023.jpg (GRAPHIC) — 102KB
• wolfepresentationfinal10024.jpg (GRAPHIC) — 106KB
• wolfepresentationfinal10025.jpg (GRAPHIC) — 155KB
• 0000936340-24-000188.txt ( ) — 4867KB
• dte-20241001.xsd (EX-101.SCH) — 4KB
• dte-20241001_def.xml (EX-101.DEF) — 18KB
• dte-20241001_lab.xml (EX-101.LAB) — 33KB
• dte-20241001_pre.xml (EX-101.PRE) — 19KB
• dte-20241001_htm.xml (XML) — 6KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. DTE Energy Company ("DTE Energy") will meet with investors on October 2, 2024. A copy of the slide presentation was furnished as Exhibit 99.1 to this report and will be available on DTE Energy's website, www.dteenergy.com on October 1, 2024. In its business presentation and this filing, DTE Energy discusses 2024 operating earnings guidance. It is likely that certain items that impact the company's 2024 reported results will be excluded from operating results. Reconciliations to the comparable 2024 reported earnings guidance are not provided because it is not possible to provide a reliable forecast of specific line items (i.e. future non-recurring items, certain mark-to-market adjustments and discontinued operations). These items may fluctuate significantly from period to period and may have a significant impact on reported earnings. In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth in such a filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 Slide Presentation of DTE Energy Company dated October 2, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

Forward-Looking Statements

Forward-Looking Statements : This Form 8-K contains forward-looking statements that are subject to various assumptions, risks and uncertainties. It should be read in conjunction with the "Forward-Looking Statements" section in DTE Energy's and DTE Electric Company's (DTE Electric) 2023 Form 10-K and 2024 Forms 10-Q (which section is incorporated by reference herein), and in conjunction with other SEC reports filed by DTE Energy and DTE Electric that discuss important factors that could cause DTE Energy's and DTE Electric's actual results to differ materially. DTE Energy and DTE Electric expressly disclaim any current intention to update any forward-looking statements contained in this report as a result of new information or future events or developments.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. Date: October 1, 2024 DTE ENERGY COMPANY (Registrant) /s/David Ruud David Ruud Senior Vice President and Chief Financial Officer DTE ELECTRIC COMPANY (Registrant) /s/David Ruud David Ruud Senior Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR