09/15/2025 | Press release | Distributed by Public on 09/15/2025 12:10
1. Collections Allocable and Aggregate Amounts Available for the Current Payment Date for Securitization
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Property: | ||||||||
i. | Remittances for the March 2025 Billing Period | $ | 4,916,548.49 | |||||
ii. | Remittances for the April 2025 Billing Period | $ | 4,531,783.21 | |||||
iii. | Remittances for the May 2025 Billing Period | $ | 3,925,537.01 | |||||
iv. | Remittances for the June 2025 Billing Period | $ | 4,135,738.85 | |||||
v. | Remittances for the July 2025 Billing Period | $ | 4,502,346.26 | |||||
vi. | Remittances for the August 2025 Billing Period | $ | 6,386,756.89 | |||||
vii. | Reduced Remittances Resulting from Semi-Annual Cash True Up in May 2025 | $ | (2,884,247.37) | |||||
viii. |
Investment Earnings on General Subaccount of Collection Account1
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$ | 238,030.51 | |||||
ix. | Payment of Administrative Expenses Since Last Semi-Annual Certificate | $ | (51,435.00) | |||||
x. | General Subaccount of Collection Account Balance (sum of [i] through [ix] above) | $ | 25,701,058.85 | |||||
xi. | Excess Funds Subaccount of Collection Account Balance as of prior Payment Date | $ | 14,378,241.44 | |||||
xii. |
Investment Earnings on Excess Funds Subaccount of Collection Account1
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$ | 222,165.13 | |||||
xiii. | Collection Account Balance (sum of [x] through [xii] above) | $ | 40,301,465.42 |
2. Capital Account Balance as of prior Payment Date: | $ | 3,008,000.00 |
3. Outstanding Amounts of as of prior Payment Date: | |||||
Aggregate Outstanding Amount of all Securitization Bonds in Tranche A-1 | $ | 261,926,909.64 | |||
Aggregate Outstanding Amount of all Securitization Bonds in Tranche A-2 | $ | 300,800,000.00 |
4. Required Funding/Payments as of Current Payment Date: | |||||
Principal | Principal Due | ||||
Securitization Bonds in Tranche A-1 | $ | 15,465,375.14 | |||
Securitization Bonds in Tranche A-2 | $ | - |
Interest
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Interest Rate |
Days in Interest Period(1)
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Principal Balance | Interest Due | ||||||||||||||||||||
Securitization Bonds in Tranche A-1 | 5.97% | 180 | $ | 261,926,909.64 | $ | 7,818,518.25 | |||||||||||||||||
Securitization Bonds in Tranche A-2 | 6.09% | 180 | $ | 300,800,000.00 | $ | 9,159,360.00 |
Required Level | Funding Required | ||||||||||
Capital Account | $3,008,000.00 | $- |
5. | Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture and in accordance with the Distribution Instructions: | |||||||
i. |
Trustee Fees and Expenses; Indemnity Amount1
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$ | - | |||||
ii. | Servicing Fee | $ | 150,400.00 | |||||
iii. | Administration Fee and Independent Manager Fee | $ | 25,000.00 | |||||
iv. | Operating Expenses | $ | - |
Securitization Bonds | Aggregate | Per $1,000 of Original Principal Amount | ||||||
v. Semi-Annual Interest (including any past-due for prior periods) | $ | 16,977,878.25 | $ | 28.2212 | ||||
Interest Payment | ||||||||
Tranche A-1 | $ | 25.9924 | ||||||
Tranche A-2 | $ | 30.4500 | ||||||
vi. Principal Due and Payable as a Result of an Event of Default or | ||||||||
on Final Maturity Date | $ | - | ||||||
Principal Payment | ||||||||
Tranche A-1 | ||||||||
Tranche A-2 | ||||||||
vii. Semi-Annual Principal | $ | 15,465,375.14 | $ | 25.7071 | ||||
Principal Payment | ||||||||
Tranche A-1 | $ | 51.4141 | ||||||
Tranche A-2 | $ | - | ||||||
viii. Other unpaid Operating Expenses2
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$ | - | ||||||
ix. Funding of Capital Account (to required level) | $ | - | ||||||
x. Return on Invested Capital to DTE Electric3
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$ | 51,803.37 | ||||||
xi. Deposit to Excess Funds Subaccounts | $ | - | ||||||
xii. Released to Issuer upon Retirement of the Securitization Bonds | ||||||||
Released from Accounts4
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$ | - | ||||||
xiii. Aggregate Remittances as of Current Payment Date | $ | 32,670,456.76 |
6. Outstanding Amount and each Collection Account Balance and Capital Account Balance as of Current Payment | |||||
Date (after giving effect to payments to be made on such Payment Date): | |||||
i. Aggregate Outstanding Amount of all Securitization Bonds | |||||
Tranche A-1 | $ | 246,461,534.50 | |||
Tranche A-2 | $ | 300,800,000.00 | |||
ii. Excess Funds Subaccount Balance of Collection Account | $ | 7,682,812.03 | |||
iii. Aggregate Collection Account Balance | $ | - | |||
iv. Capital Account Balance | $ | 3,008,000.00 | |||
7. Subaccount and Capital Account Withdrawals as of Current Payment Date (if applicable, pursuant to | |||||
Section 8.02(e) of Indenture): | |||||
i. Excess Funds Subaccount of Collection Account | $ | 6,917,594.54 | |||
ii. Capital Account | $ | - | |||
iii. Total Withdrawals | $ | 6,917,594.54 | |||
8. Shortfalls in Interest and Principal Payments as of Current Payment Date: | |||||
i. Semi-annual Interest | |||||
Interest Payment | |||||
Tranche A-1 | $ | - | |||
Tranche A-2 | $ | - | |||
ii. Semi-annual Principal | |||||
Principal Payment | |||||
Tranche A-1 | $ | - | |||
Tranche A-2 | $ | - | |||
9. Shortfalls in Required Capital Level as of Current Payment Date: | |||||
i. Replenishment of the Capital Account | $ | - | |||
ii. Required Capital Level | $ | - | |||
10. Payment of Return on Invested Capital as of Current Payment Date: | |||||
i. Return on Invested Capital1
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$ | 51,803.37 |
DTE ELECTRIC COMPANY, | ||||||||||||||
as Servicer | ||||||||||||||
By:
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/s/ Timothy J Lepczyk | |||||||||||||
Name: Timothy J Lepczyk | ||||||||||||||
Title: Asst. Treasurer & Director of Corporate Finance | ||||||||||||||