DTE Electric Securitization Funding II LLC

09/15/2025 | Press release | Distributed by Public on 09/15/2025 12:10

Asset-Backed Issuer Distribution Report (Form 10-D)


SEMI-ANNUAL SERVICER'S CERTIFICATE Exhibit 99.1
Pursuant to Section 4.01(c)(ii) of the Securitization Property Servicing Agreement, dated as of November 1, 2023 (the "Servicing Agreement"), by and between DTE ELECTRIC COMPANY, as servicer (the "Servicer"), and DTE ELECTRIC SECURITIZATION FUNDING II LLC, the Servicer does hereby certify, for the September 1, 2025 Payment Date (the "Current Payment Date"), as follows:
Billing Periods: March 2025 to August 2025
Payment Date: September 1, 2025
1. Collections Allocable and Aggregate Amounts Available for the Current Payment Date for Securitization
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
$ 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
$ 222,165.13
xiii. Collection Account Balance (sum of [x] through [xii] above) $ 40,301,465.42
_________________
1 Includes interest earned March 1, 2025 through August 31, 2025.
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
Interest Rate
Days in Interest Period(1)
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 $-
_________________
(1) On 30/360 day basis for initial payment date; otherwise use one-half of annual rate.
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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
$ -
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
$ -
ix. Funding of Capital Account (to required level) $ -
x. Return on Invested Capital to DTE Electric3
$ 51,803.37
xi. Deposit to Excess Funds Subaccounts $ -
xii. Released to Issuer upon Retirement of the Securitization Bonds
Released from Accounts4
$ -
xiii. Aggregate Remittances as of Current Payment Date $ 32,670,456.76
_________________
1 Indemnity payable to the Indenture Trustee not to exceed $250,000 per annum.
2 Including remaining indemnity owed to the Indenture Trustee in excess of $250,000 per annum.
3 Includes interest earned March 1, 2025 through August 31, 2025.
4 After all Securitization Bonds and related Ongoing Other Qualified Costs have been Paid in Full.
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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
$ 51,803.37
_________________
1 Includes interest earned March 1, 2025 through August 31, 2025.
Capitalized terms used but not defined herein have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement or the Indenture, as the context indicates.

[SIGNATURE PAGE TO FOLLOW]
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IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Semi-Annual Servicer's Certificate this 25th day of August 2025.

DTE ELECTRIC COMPANY,
as Servicer
By:
/s/ Timothy J Lepczyk
Name: Timothy J Lepczyk
Title: Asst. Treasurer & Director of Corporate Finance
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DTE Electric Securitization Funding II LLC published this content on September 15, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 15, 2025 at 18:10 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]