[8-K] DTE ENERGY CO Reports Material Event

Rhea-AI Filing Summary

DTE Energy Company, through subsidiary DTE Electric, entered into a Primary Supply Agreement and an Energy Storage Agreement with Green Chile Ventures LLC, a wholly owned subsidiary of Oracle Corporation. DTE Electric will provide approximately 1.4 gigawatts of electric service to a future southeast Michigan data center, with service ramping to full delivery by December 2027. The PSA runs through February 2045 and includes minimum monthly charges and potential termination fees.

Under the ESA, DTE Electric will build and operate approximately 1.4 gigawatts of energy storage at the Customer’s cost, operating each facility for 15 years with options to extend. Oracle, as parent, is providing credit support for both agreements. The full agreements will be filed with DTE Energy’s 2025 Form 10‑K.

Insights

Utility sector analyst

Large long-term load and storage contracts with defined ramp and term.

DTE Electric secured a PSA to serve ~ of new load equal to 1.4 gigawatts, ramping to full by December 2027 and extending through February 2045. The agreement includes minimum monthly charges and potential termination fees, indicating structured commercial terms.

The paired ESA adds ~1.4 gigawatts of storage capacity built at the Customer’s cost, operated by DTE Electric for 15 years, with extension options. Parent-company credit support from Oracle reduces counterparty risk on both agreements.

Key items are the delivery ramp to December 2027, the PSA end date in February 2045, and 15-year storage operations. Actual financial effects will depend on usage under minimum charges and the pace of storage deployment within these terms.

Project finance specialist

Customer-funded storage and parent credit support lower risk.

The ESA specifies that storage is built and operated by DTE Electric at the Customer’s cost, limiting upfront capital exposure. Each facility’s 15-year operating term, with options to extend, aligns with the PSA’s long horizon through February 2045.

Credit support from Oracle for both agreements strengthens payment assurance. Commercial protections include minimum monthly charges and potential termination fees. Milestones are the full-delivery target by December 2027 and subsequent long-term service under the PSA.

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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): October 28, 2025

Commission File Number: 1-11607

DTE Energy Company

Michigan						38-3217752
(State or other jurisdiction of incorporation or organization)						(I.R.S Employer Identification No.)

Commission File Number: 1-2198

DTE Electric Company

Michigan						38-0478650
(State or other jurisdiction of incorporation or organization)						(I.R.S Employer Identification No.)

Registrants address of principal executive offices: One Energy Plaza, Detroit, Michigan 48226-1221

Registrants telephone number, including area code: (313) 235-4000

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:

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

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

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

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

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

2017 Series E 5.25% Junior Subordinated Debentures due 2077

DTW

New York Stock Exchange

2020 Series G 4.375% Junior Subordinated Debentures due 2080

DTB

New York Stock Exchange

2021 Series E 4.375% Junior Subordinated Debentures due 2081

DTG

New York Stock Exchange

2025 Series H 6.25% Junior Subordinated Debentures due 2085

DTK

New York Stock Exchange

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 ☐

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. ☐

Item 1.01. Entry into a Material Definitive Agreement

On October 28, 2025, the Board of Directors of DTE Energy Company (“DTE Energy”) approved

execution of a Primary Supply Agreement (“PSA”) and an Energy Storage Agreement (“ESA”) between

DTE Energy’s wholly-owned subsidiary DTE Electric Company (“DTE Electric”) and Green Chile

Ventures LLC (“Customer”) a wholly owned subsidiary of Oracle Corporation.

Under the terms of the PSA, DTE Electric will provide approximately 1.4 gigawatts of electric service to

Customer’s future data center to be located in southeast Michigan (“Project”). The term of the PSA will

run through February 2045, with options to extend the term. The electric service will ramp over time,

expecting to achieve full delivery in December 2027. The PSA also establishes minimum monthly charges

and, if applicable, termination fees if the PSA terminates early.

Under the terms of the ESA, DTE Electric will, at Customer’s cost, build and operate approximately 1.4

gigawatts of energy storage capacity to support its electric service to the Project. DTE Electric will

operate each energy storage facility for a period of 15 years, with options to extend upon mutual

agreement of Customer and DTE Electric. Customer's parent is providing credit support to DTE Electric

for both the PSA and ESA.

The foregoing description of the PSA and the ESA does not purport to be complete and is qualified in its

entirety by reference to the full text of the PSA and the ESA, copies of which will be filed with DTE

Energy’s Annual Report on Form 10-K for the year ending December 31, 2025.

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 Company's (DTE Electric) 2024 Form 10-K and 2025 Form 10-Qs (which section is 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 their behalf by the undersigned hereunto duly authorized.

Date: October 31, 2025

DTE ENERGY COMPANY

(Registrant)

/s/David Ruud

David Ruud

Vice Chairman and Chief Financial Officer

DTE ELECTRIC COMPANY

(Registrant)

/s/David Ruud

David Ruud

Vice Chairman and Chief Financial Officer

FAQ

What did DTE (DTB) announce in this 8-K?

DTE Energy, via DTE Electric, entered a Primary Supply Agreement and Energy Storage Agreement with Oracle’s subsidiary for a new data center in southeast Michigan.

How much capacity is covered by the agreements?

Approximately 1.4 gigawatts of electric service under the PSA and approximately 1.4 gigawatts of energy storage under the ESA.

When will service reach full delivery?

The electric service is expected to ramp to full delivery by December 2027.

How long do the agreements last?

The PSA runs through February 2045 with options to extend. Each storage facility will be operated for 15 years, with extension options.

Who is the customer and what support is provided?

The customer is Green Chile Ventures LLC, a wholly owned Oracle subsidiary. Oracle, as parent, is providing credit support for both agreements.

Who bears the cost of the energy storage?

Under the ESA, the energy storage facilities are built and operated by DTE Electric at the Customer’s cost.

Do the contracts include financial protections?

Yes. The PSA includes minimum monthly charges and potential termination fees if it ends early.