Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 77

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 77
---
, DTE Electric, and DTE Gas were 0.64 to 1, 0.53 to 1, and 0.48 to 1, respectively, and were in compliance with this financial covenant.

40

Table of ContentsDTE Energy Company — DTE Electric CompanyCombined Notes to Consolidated Financial Statements (Unaudited) — (Continued)

The availability under these facilities as of March 31, 2025 is shown in the following table:DTE EnergyDTE ElectricDTE GasTotal(In millions)Unsecured revolving credit facility, expiring October 2029$1,500 $800 $300 $2,600 Unsecured letter of credit facility, expiring June 2025(a)175 — — $175 Unsecured letter of credit facility, expiring February 2027150 — — 150 Unsecured letter of credit facility, expiring June 2026100 — — 100 Unsecured letter of credit facility(b)50 — — 50 Unsecured letter of credit facility(c)— 125 — 125 1,975 925 300 3,200 Amounts outstanding at March 31, 2025Commercial paper issuances— 513 — 513 Letters of credit173 121 — 294 173 634 — 807 Net availability at March 31, 2025$1,802 $291 $300 $2,393 _______________________________________(a)Uncommitted letter of credit facility.(b)Uncommitted letter of credit facility with automatic renewal provision and therefore no expiration.(c)Uncommitted letter of credit facility with automatic renewal provision and therefore no expiration.  DTE Energy may also utilize availability under this facility.In April 2025, the Registrants amended the unsecured letter of credit facility that can be utilized for either DTE Energy or DTE Electric.  The amendment increased the total availability of the credit facility from $125 million to $150 million.  All other covenants and terms of the agreement were unchanged.In conjunction with maintaining certain exchange-traded risk management positions, DTE Energy may be required to post collateral with a clearing agent.  DTE Energy has a demand financing agreement with its clearing agent, which allows the right of setoff with posted collateral.  At March 31, 2025, the capacity under the facility was $200 million.