Every 424B that DTE Energy Company 2020 Series G 4.375% Junior Subordinated Debentures due 2080 (DTB) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow DTB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DTB filings page.
DTE Energy Company is offering $1,000,000,000 of 2026 Series C 6.200% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures due July 1, 2058. Interest is 6.200% through July 1, 2033, then resets to Five-Year Treasury plus 1.811% (floor 6.200%). Delivery is expected on June 18, 2026. Net proceeds are estimated at $987 million to repay short-term borrowings and for general corporate purposes. The debentures are unsecured, subordinated to senior indebtedness and may be redeemed under specified Tax, Rating Agency or Tax Credit events; the company may defer interest for up to 10 consecutive years.
DTE Energy Company is offering a series of 2026 Series C Fixed-to-Fixed Reset Rate Junior Subordinated Debentures due July 1, 2058 as described in a preliminary prospectus supplement dated June 9, 2026. The securities will be unsecured and subordinated to all of the company’s senior indebtedness and will pay semiannual interest each January 1 and July 1, with an interest rate that resets beginning on July 1, 2033 based on a Five-Year Treasury Rate plus a spread, subject to a stated floor.
The company may defer interest payments for up to 10 consecutive years in Optional Deferral Periods (accruing additional interest), and the debentures include conditional redemption rights for Tax Events, Rating Agency Events and Tax Credit Events at specified premium levels. The offering documents note subordination mechanics, book-entry issuance through DTC, and that net proceeds are intended for repayment of short-term borrowings and general corporate purposes.
DTE Energy Company is registering up to $1,500,000,000 of common stock under an at-the-market program and related forward sale agreements. The company entered into an equity distribution agreement with a syndicate of banks that can sell shares from time to time on the NYSE or through other methods, including block and privately negotiated transactions.
DTE may sell shares directly through the managers or have forward purchasers borrow and sell shares, with the total sales price across all methods capped at $1,500,000,000. The managers and forward sellers can earn commissions of up to 2% of the gross sales price. DTE plans to use net cash proceeds from direct issuances and from physical settlement of any forward sale agreements for general corporate purposes, which may include investments in its utility and other energy businesses.
The filing highlights that these issuances and any physical or net share settlement of forward sales may dilute earnings per share and return on equity, and that resales of newly issued shares could pressure the stock price. It also notes the potential for substantial cash obligations if DTE elects cash settlement on forward agreements and the risk that forward agreements terminate with no proceeds in an insolvency scenario.