DTE Electric Investor Presentation Deck slide image

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 15
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