MIMI00021511760000028385false 0000028385 2026-11-12 2026-11-12 0000028385 dte:DteElectricSecuritizationFundingIiiLlcMember 2026-11-12 2026-11-12
 
 
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: November 12, 2026
(Date of earliest event reported)
 
Commission file
number
  
Registrant, State of Incorporation or Organization, Address of Principal Executive Offices and Telephone Number
  
IRS Employer
Identification Number
1-2198
  
DTE ELECTRIC COMPANY
  
38-0478650
 
(a Michigan corporation)
One Energy Plaza
Detroit,
Michigan
48226-1221
313-235-4000
  
333-298489-01
  
DTE ELECTRIC SECURITIZATION FUNDING III LLC
  
41-4789752
 
(a Delaware limited liability company)
C/O DTE Electric Company
One Energy Plaza
Detroit,
Michigan
48226-1221
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 (see General Instruction A.2. below):
 
  ☐
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 each exchange
on which registered
  None  
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
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 8.01.

Other Events

On November 12, 2026, DTE Electric Securitization Funding III LLC (the “Issuing Entity”) issued $600,461,000 of Senior Secured Securitization Bonds, Series 2026A (the “Securitization Bonds”), pursuant to an Indenture and Series Supplement, each dated as of November 12, 2026. The Securitization Bonds were offered pursuant to the Prospectus dated November 3, 2026. In connection with this issuance of the Securitization Bonds, DTE Electric Company and the Issuing Entity are filing the exhibits listed in Item 9.01, which are annexed hereto as exhibits to this Current Report on Form 8-K.

 

Item 9.01.

Financial Statements and Exhibits

(d) Exhibits.

 

Exhibit

No.

   

Description

 4.1    Indenture by and among DTE Electric Securitization Funding III LLC and U.S. Bank Trust Company, National Association as the Indenture Trustee and U.S. Bank National Association as a securities intermediary and an account bank (including forms of the Senior Secured Securitization Bonds), dated as of November 12, 2026
 4.2    Series Supplement by and among DTE Electric Securitization Funding III LLC, U.S. Bank Trust Company, National Association as the Indenture Trustee and U.S. Bank National Association as a securities intermediary and an account bank, dated as of November 12, 2026
 5.1    Opinion of Hunton Andrews Kurth LLP with respect to legality
10.1    Securitization Property Servicing Agreement between DTE Electric Securitization Funding III LLC and DTE Electric Company, as Servicer, dated as of November 12, 2026
10.2    Securitization Property Purchase and Sale Agreement between DTE Electric Securitization Funding III LLC and DTE Electric Company, as Seller, dated as of November 12, 2026
10.3    Administration Agreement between DTE Electric Securitization Funding III LLC and DTE Electric Company, as Administrator, dated as of November 12, 2026
10.4    Amended and Restated Intercreditor Agreement by and among DTE Electric Company, DTE Electric Securitization Funding I LLC, DTE Electric Securitization Funding II LLC, DTE Electric Securitization Funding III LLC, The Bank of New York Mellon and U.S. Bank Trust Company, National Association, dated as of November 12, 2026
23.1    Consent of Hunton Andrews Kurth LLP (included as part of its opinions filed as Exhibits 5.1 and 99.2)
23.2    Consent of Miller Canfield Paddock and Stone, P.L.C. (included as part of its opinion filed as Exhibit 99.3)
99.2    Opinion of Hunton Andrews Kurth LLP with respect to U.S. constitutional matters
99.3    Opinion of Miller Canfield Paddock and Stone, P.L.C. with respect to Michigan constitutional matters
104    Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

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 thereunto duly authorized.

 

    DTE ELECTRIC COMPANY
Dated: November 12, 2026     By:  

/s/ Timothy J. Lepczyk

      Timothy J. Lepczyk
      Assistant Treasurer
    DTE ELECTRIC SECURITIZATION FUNDING III LLC
Dated: November 12, 2026     By:  

/s/ Timothy J. Lepczyk

      Timothy J. Lepczyk
      Secretary