QUANTUMONLINE.COM SECURITY DESCRIPTION:  DTE Energy Co. 6.25% Equity Units Due 11/1/2022 stated amount $50 per unit, initially consisting of Equity Units which include a stock purchase contract and a 1/20, undivided beneficial ownership interest in DTE Energy’s 2019 Series F 2.25% remarketable senior notes due 11/1/2025 with a principal amount of $1,000. The stock purchase contract requires the holder to purchase for $50 a variable number of shares of DTE Energy Co. (NYSE: DTE) common stock no later than 11/1/2022 and pays a contract adjustment rate of 4.0% per annum. The stock purchase settlement rate will be 0.3175 shares per unit if the then current market price is equal to or greater than $157.50 and 0.3968 shares per unit if the market price is equal to or less than $126.00. For market prices between those values the settlement rate will be $50 divided by the market value. Prior to the IPO of this security, the last reported sale price of the common stock on 10/25/2019 was $128.21 per share. The stock purchase contract may be settled any time at the holder’s option and the company will deliver 0.3175 shares of common stock for each purchase contract. The 2019 Series F 2.25% remarketable senior notes is due 11/1/2025 and is subject to reset and remarketing on the third business day prior to 10/23/2022. If the Notes have not been successfully remarketed on or prior to the last day of the final remarketing period, holders of Notes will have the right to require the issuer to purchase their Notes on the purchase contract settlement date. The Corporate Units pay quarterly distributions of 6.25% ($3.125 per annum or $0.78125 per quarter) on 2/1, 5/1, 8/1 & 11/1 to holders of record on the record date which is one business day prior to the payment date while the securities remain in book-entry form (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these securities are derived from interest paid on the underlying debt securities and therefore are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The holder has the right at any time to convert the Corporate Units to Treasury Units by the substitution of a specified zero-coupon U.S. Treasury security for the Series F 2.25% remarketable senior note and to later recreate Corporate Units. This security was rated as Baa2 by Moody’s and BBB- by S&P at the date of its IPO. This security was rated as BBB+ by Fitch Ratings Co. at the date of its IPO. The Series F 2.25% remarketable senior notes are unsecured and rank equally with the company's other unsecured senior indebtedness. See the IPO prospectus for extensive additional information on the equity units and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conversion Shares@Price	Distribution Dates	15% Tax Rate
NYSE Chart	6.25% $3.13	$50.00 $50.00	Not Redeemable 11/01/2022	Baa2 BBB 8/02/2022	0.3175@$157.5+ 0.3968@126.0-	2/1, 5/1, 8/1 & 11/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

HOME PAGE:     https://www.dteenergy.com/
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Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

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Company's Email Address Links

Inv Rel Email Address	John.Dermody@dteenergy.com
General Email Address	Investor_Relations@DTEEnergy.com

Address and Phone Numbers

Address:   One Energy Plaza, Detroit, Michigan 48226
Main Phone Number	313-235-4000
Fax Number	Not Available
Investor Relations   John Dermody	313-235-8030
Toll Free Phone Number	866-388-8558

CEO - Diego Areces

CFO - David Ruud