MI Public Svc Commission - DTE Hearing

STATE OF MICHIGAN BEFORE THE MICHIGAN PUBLIC SERVICE COMMISSION NOTICE OF HEARING FOR THE ELECTRIC CUSTOMERS OF DTE ELECTRIC COMPANY CASE NO. U-22109 • DTE Electric Company requests Michigan Public Service Commission's approval for a Financing Order Approving the Securitization of Qualified Costs. • The information below describes how a person may participate in this case. • You may call or write DTE Electric Company, 1 Energy Plaza, Detroit, MI 48226, (800) 477-4747, for a free copy of its application. Any person may review the documents at the offices of DTE Electric Company or on the Commission's website at: httpp://mi- psc.my.site.com/s/. • A pre-hearing will be held: DATE/TIME: Friday, June 5, 2026 at 9:00 AM BEFORE: Administrative Law Judge Katherine E. Talbot LOCATION: Video/Teleconference PARTICIPATION: Any interested person may participate. Persons needing any assistance to participate or who are seeking access to the video/teleconference should contact the Administrative Law Judge's secretary at (517) 284-8130 or by email at LARA-MOAHR-PSCg.michigan.gov in advance of the hearing. The Michigan Public Service Commission (Commission) will hold a pre-hearing to consider DTE Electric Company's (DTE Electric) May 8, 2026 application requesting the Commission to: 1) approve a financing order that will authorize the recovery through securitization of up to $600.5 million of qualified costs, in the form as proposed, applicable to DTE Electric, its transferees, successors and assignees, pursuant to CCERA and other applicable law: (i) declaring that the costs described as proposed by DTE Electric are qualified costs under Customer Choice and Electricity Reliability Act (CCERA); and (ii) authorizing issuance of securitization bonds in an amount that will permit recovery of those qualified costs and other related costs; 2) approve DTE Electric to have the sole discretion as to whether and when to proceed with a securitization transaction; 3) authorize DTE Electric in the financing order to impose nonbypassable securitization charges payable to the issuer of the securitization bonds pursuant to CCERA as separate items on customer bills, to be rendered on and after the issuance of securitization bonds, and that are sufficient to pay: (i) the principal and interest of the securitization bonds, (ii) other qualified costs associated with the issuance of the securitization bonds, and (iii) service and ongoing support of the securitization bonds and the issuer of the securitization bonds, as proposed by DTE Electric; 4) authorize DTE Electric to include necessary language in its tariffs to accomplish the imposition of the above-referenced nonbypassable securitization charges and initially implement and periodically true-up the securitization charges, as proposed by DTE Electric; 5) authorize DTE Electric to implement bill credits reflecting the costs related to the portions of the net book value of the investment in the Belle River Coal Handling Assets and the return  on the Tree Trim Surge regulatory asset that are included in current base rates, until such time that new base rates are implemented in Case No. U-22046 reflecting the removal of the securitized assets; 6) authorize DTE Electric to employ an appropriate methodology to account for the transactions contemplated by the financing order, including granting any additional accounting authority and appropriate ratemaking treatment, as proposed; 7) grant to DTE Electric, pursuant to MCL 460.10i(9), the authority to refund and retire any or all of the securitization bonds that are issued pursuant to this proceeding upon demonstration of an ability to refinance under applicable bond covenants and that the securitization charges to service new securitization bonds, including transaction costs, would be less than the securitization charges required to service the securitization bonds being refunded; 8) authorize DTE Electric to create one or more Special Purpose Entities to which it could transfer securitization property and approve transfers of the securitization property under the financing order issued and rights thereunder to any transferee, successor or assignee of DTE Electric in accordance with CCERA; and 9) grant DTE Electric such other and further relief as may be lawful and appropriate. All documents filed in this case shall be submitted electronically through the Commission's E-Dockets website at: ht urs://mi-psc.mv.site.com/s/. Requirements and instructions for filing can be found in the User Manual on the E-Dockets help page. Documents may also be submitted, in PDF format, as an attachment to an email sent to: LARA-MPSC-edockets@,michigan.gov. If you require assistance prior to e-filing, contact Commission staff at (517) 284-8090 or by email at: LARA-MPSC-edocketsCit_Imichieameov. Any person wishing to intervene and become a party to the case shall electronically file a petition to intervene with this Commission by June 3, 2026. (Interested persons may elect to file using the traditional paper format.) The proof of service shall indicate service upon DTE Electric Company's attorney, Jon P. Christinidis, 1 Energy Playa, 688 WCB, Detroit, MI 48226. The prehearing is scheduled to be held remotely by video conference or teleconference. Persons filing a petition to intervene will be advised of the process for participating in the hearing. Any person wishing to appear at the hearing to make a statement of position without becoming a party to the case may participate by filing an appearance. To file an appearance, the individual must attend the hearing and advise the presiding administrative law judge of their wish to make a statement of position. Mich Admin Code, R 792.10413 (Rule 413). Any person wishing to file a public comment may do so by filing a written statement in this docket. The written statement may be mailed or emailed and should reference Case No. U- 22109. Statements may be emailed to: LARA-MPSC-edockets@raichikan.Rov.. Statements may be mailed to: Executive Secretary, Michigan Public Service Commission, 7109 West Saginaw Hwy., Lansing, MI 48917. All information submitted to the Commission in this matter becomes public information, thus available on the Michigan Public Service Commission's website, and subject to disclosure. Please do not include information you wish to remain private. For more information on how to participate in a case, you may contact the Executive Secretary at the above address or by telephone at (517) 284-8090. Requests for adjournment must be made pursuant to Michigan Office of Administrative Hearings and Rules R 792.10422 and R 792.10432. Requests for further information on adjournment should be directed to (517) 284-8130. Jurisdiction is pursuant to 1909 PA 106, as amended, MCL 460.551 et seq.; 1919 PA