DTE Electric Investor Presentation Deck
Maintaining strong cash flow, balance sheet and credit profile
DTE
$1.3
Convertible
equity
units
2022
Planned equity issuances
2022-2024
(billions)
$0.0 - $0.1
2023
$1.3 $1.5
$0.0 - $0.1
2024
1.
Funds from Operations (FFO) is calculated using operating earnings
2. Debt excludes a portion of DTE Gas' short-term debt and considers 50% of the junior subordinated notes as equity
●
Expect minimal equity issuances outside of convertible equity units
Strong investment-grade credit rating
- Targeting -16% FFO¹ / Debt²
Increased 2022 annualized dividend 7% to $3.54 per share
Issued $400 million green bond
4th green bond issuance in 5 years
Credit ratings
DTE Energy
(unsecured)
DTE Electric
(secured)
DTE Gas
(secured)
S&P
BBB
A
A
Moody's Fitch
Baa2
Aa3
A1
BBB
A+
A
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