Aug. 9, 2019 -- DTE Energy (NYSE: DTE) today announced it has successfully remarketed the DTE Energy Company 2016 Series C 2.529% Senior Notes due 2024. The optional remarketing was completed pursuant to the terms of the governing documents for the notes that were originally issued as part of Corporate Units of DTE Energy on Oct. 5, 2016. The remarketing is expected to close on Aug. 13, 2019, subject to customary closing conditions. On and after closing, the notes will bear interest at 2.529% per year.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  DTE Energy Co., 6.50% Equity Units, stated amount $50 per unit, initially consisting of Corporate Units which include a stock purchase contract and a 5% undivided beneficial ownership interest in a Series C, 1.50% Remarketable Senior Notes due 10/1/2024 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 10/1/2019 and pays a contract adjustment rate of 5.00% per annum. The stock purchase settlement rate will be 0.4299 shares per unit if the then current market price is equal to or greater than $116.31 and 0.5373 shares per unit if the market price is equal to or less than $93.05. 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 9/29/2016 was $93.05 per share. The stock purchase contract may be settled any time at the holder’s option and the company will deliver 0.4299 shares of common stock for each purchase contract. The Note is due 10/1/2024 and is subject to reset and remarketing between 6/27/2019 (the second business day immediately preceding the interest payment date prior to the purchase contract settlement date) and ends any time on or before 9/12/2019 (the eighth calendar day prior to the beginning of the final remarketing period). The Corporate Units pay quarterly distributions of 6.50% ($3.25 per annum or $0.8125 per quarter) will be paid quarterly on 1/1, 4/1, 7/1 & 10/1 to holders of record on the record date that will be the 15th day of the calendar month immediately preceding the month in which the payment date falls (NOTE: the ex-dividend date is one business day prior to the record date). The issuer has the right to defer distribution payments (but not beyond the maturity 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 Notes are pledged as collateral to secure the holder's obligations under the stock purchase contract. 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 Note and to later recreate Treasury Units. The 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	6.50% $3.25	$50.00 $50.00	Called for 10/01/2019 10/01/2019	Baa1 BBB 9/25/2019	0.4299@$$116.31+ 0.5373@$$93.05-	1/1, 4/1, 7/1 & 10/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

HOME PAGE:     http://www.dteenergy.com/
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Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

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Company's Email Address Links

Inv Rel Email Address	Barbara.Tuckfield@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   Barbara Tuckfield	313-235-1018
Toll Free Phone Number	866-388-8558

CEO - Gerard M. Anderson

CFO - Peter B. Oleksiak