09/15/2025 | Press release | Distributed by Public on 09/15/2025 12:10
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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 | $ | - | |||
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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 | $ | - | ||||||
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viii. Other unpaid Operating Expenses2
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$ | - | ||||||
| ix. Funding of Capital Account (to required level) | $ | - | ||||||
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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 | ||||||||
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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: | |||||
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i. Return on Invested Capital1
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$ | 51,803.37 | |||
| DTE ELECTRIC COMPANY, | ||||||||||||||
| as Servicer | ||||||||||||||
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By:
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/s/ Timothy J Lepczyk | |||||||||||||
| Name: Timothy J Lepczyk | ||||||||||||||
| Title: Asst. Treasurer & Director of Corporate Finance | ||||||||||||||