EFTA02708949.pdf

From: Richard Kahn < Sent: Monday, May 23, 2016 2:06 PM To: jeffrey E. Subject: Fwd: New Preferred Attachments: red_DTESUB_May2016.pdf; Untitled attachment 00180.htm Importance: High please advise thank =ou Profile Get Profile for: DTE Energy =ompany One Energy Plaza Detroit, MI 48226 United States - Map Phone: =13-235-4000 Website: http://www.dteenergy.com Details Index Membership: N/A Sector: Utilities Industry: Electric =tilities Full Time Employees: 10,000 Business Summary DTE Energy Company engages in the utility operations. The company's Electric segment engages in the generation, purchase, distribution, and =sale of electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel plants, hydroelectric pumped =storage plants, nuclear plants, and wind and other renewable assets. This segment owns and operates approximately 676 distribution substations and 432,500 line transformers. Its Gas segment engages in the purchase, storage, transportation, distribution, and sale of natural gas to approximately 1.2 million residential, commercial, and industrial customers in Michigan, as well as the sale of storage and transportation capacity. This segment has approximately 19,000 miles of =distribution mains, 1,165,000 service pipelines, and 1,314,000 active meters; and owns approximately 2,000 miles of transmission pipelines. The company's Gas Storage and Pipelines segment controls natural =as storage fields, and intrastate lateral and intrastate gathering pipeline systems, as well as has ownership interests in interstate pipelines serving the Midwest, Ontario, and northeast markets. Its Power and Industrial Projects segment provides metallurgical coke; pulverized coal and petroleum coke to the steel, pulp and paper, and other industries; =and power generation, steam production, chilled water production, wastewater treatment, and compressed air supply to industrial customers. This segment also owns and operates 4 renewable generating plants with = capacity of 191 MWs; and 9 reduced emissions fuel facilities, as well =as develop landfill gas recovery systems. The company's Energy =rading segment focuses on physical and financial power, and gas marketing and =trading; structured transactions; and optimization of contracted natural gas pipeline transportation and storage positions. DTE Energy Company =was founded in 1995 and is based in Detroit, =ichigan. EFTA_R1_02112965 EFTA02708949 Richard Kahn HBRK Associates Inc. Begin forwarded message: From: =/b>"Pollard, James S" Subject: =/b>New =referred Date: =/b>May 23, 2016 at 9:56:12 AM =DT To: =/b>"Richard Kahn ( Cc: "Darrah, John W - NEW YORK NY" Rich, Prospectus =ttached. Details below. Give us a call if you get a confirmed order. Issuer: DTE Energy Company (DIE) 2016 Series B =unior Subordinated Debentures due 2076 PRICE TALK: • 5.50% AREA • Price talk subject to change, dependent on demand. Deal could potentially price below the initial price =alk. Any changes in price talk should be communicated to clients. 2 EFTA_R1_02112966 EFTA02708950 Expected Ratings: Baal (stable outlook) / BBB• =stable outlook) / BBB- (stable outlook) Maturity: 6/1/2076 Ranking: Junior Subordinated =ebentures Optional Redemption: • Callable on or after 6/1/21 @ $25.00 plus unpaid and accrued =nterest. • Callable prior to 6/1/21 @ $25.00 plus unpaid and accrued =nterest upon the occurrence of a "tax event". • Callable prior to 6/1/21 @ $25.50 plus unpaid and accrued =nterest upon the occurrence of a "rating agency event". • SEE THE PROSPECTUS FOR ADDITIONAL DETAILS Distributions: • Cumulative " Company has the option to defer payments for up to 10 =onsecutive years • Quarterly pay (March, June, September, December) • First coupon 9/1/16 (long first coupon) Expected Taxation: Fully taxable as ordinary income = Not QDI or DRD eligible Listing: NYSE I Expected to list within 30 days =fter offering Size of Offering: • Announced Size: 6mm shares • Final Size: xxmm shares Expected Settlement Date: TBD=(Expected settle: T+4) Par Amount: $25 par 3 EFTA_R1_02112967 EFTA02708951  James S. Pollard Registered Analyst Team Darrah I Merrill Lynch Wealth Management The Park Avenue Office [email protected] <mailto:[email protected]> Team Darrah Website The information set forth herein was from sources, which =e believe reliable but we do not guarantee its accuracy neither the information nor an opinion expressed constitutes a =olicitation by us of the purchase or sale of any securities or =ommodities. The market information contained =erein, including, but not limited to, prices, quotes, and statistics, =as been obtained from sources that we believe to be reliable, but we do =ot offer any guarantees as to its accuracy or completeness. Past performance is no guarantee of =uture results. All information is subject to change without notice. =either the information nor any opinion expressed constitutes a =olicitation for the purchase or sale of any security or other instrument. 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