DTE ENERGY CO (Form: 8-K, Received: 05/03/2019 16:29:05)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________

FORM 8-K

_____________________________

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 3, 2019



Commission File Number	Exact Name of Registrant as Specified in its Charter, State of Incorporation, Address of Principal Executive Offices and Telephone Number	IRS Employer Identification No.
1-11607	DTE Energy Company (a Michigan corporation) One Energy Plaza Detroit, Michigan 48226-1279 313-235-4000	38-3217752
1-2198	DTE Electric Company (a Michigan corporation) One Energy Plaza Detroit, Michigan 48226-1279 313-235-4000	38-0478650

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under Exchange Act (17 CFR 240.12b-2).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Securities registered pursuant to Section 12(b) of the Act:



Title of Each Class	Trading Symbol(s)	Name of Exchange on which Registered
Common stock, without par value	DTE	New York Stock Exchange

2012 Series C 5.25% Junior Subordinated Debentures due 2062	DTQ	New York Stock Exchange

2016 Series B 5.375% Junior Subordinated Debentures due 2076	DTJ	New York Stock Exchange

2016 Series F 6.00% Junior Subordinated Debentures due 2076	DTY	New York Stock Exchange

2017 Series E 5.25% Junior Subordinated Debentures due 2077	DTW	New York Stock Exchange

6.50% Corporate Units	DTV	New York Stock Exchange

Item 8.01. Other Events.

On May 2, 2019, the Michigan Public Service Commission (MPSC) issued an order in DTE Electric Company's (DTE Electric) rate case No. U-20162 . The full text of the order (Case No. U-20162) is available on the MPSC's website (http://efile.mpsc.state.mi.us/efile/). DTE Electric is a wholly-owned subsidiary of DTE Energy Company (DTE Energy).

On May 3, 2019, DTE Energy will post a summary and discussion of the order in the DTE Electric rate case to the DTE Energy website at www.dteenergy.com. The summary is attached as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits



99.1	Summary of DTE Electric Company Rate Order (Case U-20162).

Forward-Looking Statements :

This Form 8-K contains forward-looking statements that are subject to various assumptions, risks and uncertainties. It should be read in conjunction with the “Forward-Looking Statements” section in DTE Energy's and DTE Electric's 2018 Form 10-K and 2019 10-Q (which sections are incorporated by reference herein), and in conjunction with other SEC reports filed by DTE Energy and DTE Electric that discuss important factors that could cause DTE Energy's and DTE Electric's actual results to differ materially. DTE Energy and DTE Electric expressly disclaim any current intention to update any forward-looking statements contained in this report as a result of new information or future events or developments.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 3, 2019




	DTE ENERGY COMPANY (Registrant)

	/s/Don M. Stanczak Don M. Stanczak Vice President - Regulatory Affairs



	DTE ELECTRIC COMPANY (Registrant)

	/s/Don M. Stanczak Don M. Stanczak Vice President - Regulatory Affairs

Summary of DTE Electric Company Rate Order (Case U-20162)

May 3, 2019

On May 2, 2019, the Michigan Public Service Commission (“Commission” or “MPSC”) issued an order in DTE Electric’s (“DTE Electric”) rate case. This document provides a summary of the Commission’s order. The Commission’s full order is available on the MPSC’s website ( http://e file.mpsc.state.mi.us/efile/) under case number U-20162.

The MPSC order authorized DTE Electric to raise base rates by $125 million and approved a return on equity (“ROE”) of 10%. Combined with the expiration of the Tax Cuts and Jobs Act of 2017 credit of $148 million, DTE Electric is authorized to increase revenues by $273 million. The Commission directed DTE Electric to implement rate changes for service rendered on and after May 9, 2019.

DTE Electric filed an application on July 6, 2018 with supporting direct testimony and exhibits initially seeking a general rate increase of approximately $328 million based on a projected twelve month test period ending April 30, 2020. The need for the rate increase was driven primarily by DTE Electric’s capital investment of more than $1.8 billion since the last general rate case to replace aging distribution system infrastructure and to invest in the DTE Electric’s long-term generation assets, lower sales, inflation and working capital increases due primarily to changes in retiree benefit costs. The $328 million rate request was subsequently reduced to $249 million to primarily reflect the final depreciation rates approved in Case U-18150.

Reconciliation of MPSC’s final order from the DTE Electric’s request



	Amount
Item	($ millions)	Description
DTE Electric Position	$249 ^*
Return on Equity	(45)	10% vs 10.5%
Capital Structure	(12)	50/50 vs 51/49
Incentive Comp	(27)
O&M	(18)	Primarily inflation
Rate Base	(13)
Other	(9)
MPSC 5/2/2019 Order	$125

*DTE Electric’s filed position of $328 million was adjusted for final depreciation rates ($65 million) and other adjustments ($14 million)

Summary of Key Components Approved in the Commission Order

Total Rate Base

Approved a projected total rate base of $17 billion, including net plant ($15.58 billion) and working capital ($1.48 billion). The approved rate base amount included in final rates was less than 1.0% (approximately $114 million) different than DTE Electric’s filed amount of $17.2 billion.

Sales Load Forecast

Adopted the DTE Electric’s sales forecast - Service area sales forecast of 46,327 GWh for projected period (41,427 bundled; 4,900 choice).

Electric Vehicles (Charging Forward Program)

Approved the DTE Electric’s $13 million EV pilot program and approved its request for regulatory asset treatment.

Tree Trim

Granted $95 million of O&M for the DTE Electric’s tree trim program and the first three years of the surge program for total incremental spend of $188 million.

Infrastructure Recovery Mechanism (IRM)

Denied proposed IRM.

DTE Energy

DTE respects the decision of the Commission and its support of our efforts to modernize the electric infrastructure within our service territory.

For further information, please contact Barbara Tuckfield, DTE Energy, 313.235.1018 or John Dermody, DTE Energy, 313.235.8750.