DTE ELECTRIC CO

Exhibit 4.1 INDENTURE by and among DTE ELECTRIC SECURITIZATION FUNDING III LLC, Issuer, U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, Indenture Trustee and U.S. BANK NATIONAL ASSOCIATION, Securities Intermediary and Account Bank Dated as of November 12, 2026 TABLE OF CONTENTS Page ARTICLE I DEFINITIONS AND RULES OF CONSTRUCTION; INCORPORATION BY REFERENCE 1 Section 1.01. Definitions and Rules of Construction 1 Section 1.02. Incorporation by Reference of Trust Indenture Act …

Exhibit 4.2 This SERIES SUPPLEMENT, dated as of November 12, 2026 (this “Supplement”), by and between DTE Electric Securitization Funding III LLC, a limited liability company created under the laws of the State of Delaware (the “Issuer”), and U.S. Bank Trust Company, National Association (the “Bank”), not in its individual capacity, but solely in its capacity as indenture trustee (the “Indenture Trustee”) for the benefit of the Secured Parties under the Indenture dated as of November 12, 2026, by and among the Issuer, the Bank, in its capacity as Indenture Trustee, and U.S. Bank National Association, in its capacities as a securities intermediary and an account bank (the “Indenture”). PRELIMINARY STATEMENT Section 9.01 of the Indenture provides, among other things, that the Issuer and the Indenture Trustee may at any time enter into an indenture supplemental to the Indenture for the purposes of authorizing the issuance by the Issuer of the Securitization Bonds and specifying the terms thereof. The Issuer has duly authorized the creation of the Securitization Bonds with an initial aggregate principal amount of $600,461,000 to be known as “Senior Secured Securitization Bonds, Seri…

Exhibit 99.2 HUNTON ANDREWS KURTH LLP November 12, 2026 To the Persons Listed on the Attached Schedule I Re: Federal Constitutional Law Issues related to DTE Electric Company Securitization Bonds Opinion Recipients: We have served as counsel to DTE Electric Company (“DTE Electric”), a Michigan public utility, in connection with the issuance and sale on the date hereof by DTE Electric Securitization Funding III LLC, a special purpose Delaware limited liability company (the “Issuer”), of $600,461,000 aggregate principal amount of the Issuer’s Senior Secured Securitization Bonds (the “Bonds”), which are more fully described in the Registration Statement on Form SF-1 (File No. 333-298489 and 333-298489-01) filed on August 21, 2026, as amended by Amendment No. 1 thereto filed on October 9, 2026, by DTE Electric & the Issuer with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended (the “Registration Statement”), and the prospectus therein (the “Prospectus”). The Bonds are being sold pursuant to the provisions of the Underwriting Agreement dated November 3, 2026 (the “Underwriting Agreement”) between DTE Electric, the Issuer, and underw…