DTE Electric Co. Enters Material Definitive Agreement
| Field | Detail |
|---|---|
| Company | Dte Electric Co |
| Form Type | 8-K |
| Filed Date | Oct 28, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1,500,000,000, $1,000,000,000, $300,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, utility
TL;DR
DTE Electric Co. signed a big deal, expect financial moves.
AI Summary
DTE Electric Co. entered into a material definitive agreement on October 22, 2025, related to a direct financial obligation. The filing also includes financial statements and exhibits, with DTE Energy Co. listed as the parent company.
Why It Matters
This filing indicates a significant financial commitment or obligation for DTE Electric Co., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements and financial obligations can introduce financial risks and uncertainties for the company.
Key Players & Entities
- DTE Electric Co. (company) — Filer of the 8-K
- DTE Energy Co. (company) — Parent company
- October 22, 2025 (date) — Date of the material definitive agreement
FAQ
What type of material definitive agreement did DTE Electric Co. enter into?
The filing states that DTE Electric Co. entered into a material definitive agreement on October 22, 2025, which also constitutes the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.
What is the primary business of DTE Electric Co. and DTE Energy Co.?
Both DTE Electric Co. and DTE Energy Co. are involved in Electric Services, as indicated by their Standard Industrial Classification code [4911].
When was DTE Electric Co. previously known by another name?
DTE Electric Co. was formerly known as DETROIT EDISON CO., with a date of name change in 19920703.
What is the SEC file number for DTE Electric Co.'s 8-K filing?
The SEC file number for DTE Electric Co. is 001-02198.
What is the business address for DTE Electric Co.?
The business address for DTE Electric Co. is ONE ENERGY PLAZA, DETROIT, MI 48226.
Filing Stats: 817 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2025-10-28 16:17:22
Key Financial Figures
- $1,500,000,000 — nts under each Facility are as follows: $1,500,000,000 for DTE Energy, $1,000,000,000 for DTE
- $1,000,000,000 — follows: $1,500,000,000 for DTE Energy, $1,000,000,000 for DTE Electric, and $300,000,000 for
- $300,000,000 — y, $1,000,000,000 for DTE Electric, and $300,000,000 for DTE Gas. Each of the DTE Electric a
Filing Documents
- dte-20251022.htm (8-K) — 36KB
- ex101.htm (EX-10.1) — 864KB
- ex102.htm (EX-10.2) — 841KB
- ex103.htm (EX-10.3) — 830KB
- dte-20251022_g1.jpg (GRAPHIC) — 6KB
- 0000936340-25-000216.txt ( ) — 3181KB
- dte-20251022.xsd (EX-101.SCH) — 4KB
- dte-20251022_def.xml (EX-101.DEF) — 19KB
- dte-20251022_lab.xml (EX-101.LAB) — 34KB
- dte-20251022_pre.xml (EX-101.PRE) — 19KB
- dte-20251022_htm.xml (XML) — 7KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On October 22, 2025, each of DTE Energy Company ("DTE Energy"), DTE Electric Company ("DTE Electric") and DTE Gas Company ("DTE Gas") entered into a sixth amended and restated five-year unsecured revolving credit agreement (each, a "Facility") with a syndicate of lenders and Citibank, N.A. ("Citibank"), as Administrative Agent. The Facilities amend and restate each respective borrower's prior fifth amended and restated five-year revolving credit agreement. Each Facility is unsecured and expires on October 22, 2030, with two options to request a one-year extension. Borrowings under each Facility will bear interest at the respective borrower's option of (i) the Base Rate plus the Applicable Margin, as defined in such Facility, or (ii) Adjusted Term SOFR plus the Applicable Margin. The total lender commitments under each Facility are as follows: $1,500,000,000 for DTE Energy, $1,000,000,000 for DTE Electric, and $300,000,000 for DTE Gas. Each of the DTE Electric and DTE Gas Facilities requires the maintenance of a debt to capitalization ratio of no more than 0.65 to 1. The DTE Energy Facility requires the maintenance of a debt to capitalization ratio of no more than 0.70 to 1. In addition, each Facility contains customary covenants and events of default. The proceeds of any borrowing under each Facility may be used for general corporate purposes. The foregoing description is qualified in its entirety by reference to the full text of the respective Facilities, the forms of which are attached as exhibits hereto and incorporated by reference herein. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 is incorporated into this Item 2.03 by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits 10.1 Form of Sixth Amended and Restated Five-Year Credit Agreement, dated as of October 22, 2025, by and among DTE Energy Company, the lenders party thereto, and Citibank, N.A., as Administrative Agent 10.2 Form of Sixth Amended and Restated Five-Year Credit Agreement, dated as of October 22, 2025, by and among DTE Electric Company, the lenders party thereto, and Citibank, N.A., as Administrative Agent 10.3 Form of Sixth Amended and Restated Five-Year Credit Agreement, dated as of October 22, 2025, by and among DTE Gas Company, the lenders party thereto, and Citibank, N.A., as Administrative Agent 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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 28, 2025 DTE ENERGY COMPANY (Registrant) /s/David Ruud David Ruud Vice Chairman and Chief Financial Officer DTE ELECTRIC COMPANY (Registrant) /s/David Ruud David Ruud Vice Chairman and Chief Financial Officer