DTE Electric Company’s $1 Billion Green Bond Offering

Bracewell LLP advised the underwriters on the deal.

DTE Electric Company announced the public offering of $1 billion of its green bonds. The bonds will finance green, or clean, energy investments, such as investments in solar and wind generation facilities, as well as energy efficiency programs to reduce energy waste. The bonds were issued on March 29, 2021.

The underwriters are BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Scotia Capital (USA) Inc., Wells Fargo Securities, LLC, BMO Capital Markets Corp., BNY Mellon Capital Markets, LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., TD Securities (USA) LLC, Fifth Third Securities, Inc., PNC Capital Markets LLC, Siebert Williams Shank & Co., LLC, Truist Securities, Inc. and U.S. Bancorp Investments.

DTE Electric Company provides utility services. The Company generates, transmits, and distributes electricity to residential and commercial sectors, as well as offers billing and payment services. 

The Bracewell team included Catherine Hood (Picture), Jason B. Hutt, Don J. Lonczak, Fernando Rodriguez Marin, Ian R. Brown, Shannon Baldwin, Kathy Witty Medford, Caroline E. Ellis and Kevin M. Voelkel.


Involved fees earner: Shannon Baldwin – Bracewell; Ian Brown – Bracewell; Caroline Ellis – Bracewell; Catherine Hood – Bracewell; Jason Hutt – Bracewell; Don Lonczak – Bracewell; Kathy Witty Medford – Bracewell; Fernando Rodriguez Marin – Bracewell; Kevin Voelkel – Bracewell;

Law Firms: Bracewell;

Clients: Bank of America Securities; BMO Capital Markets; BNY Mellon Capital Markets; Citigroup Global Markets Ltd; Fifth Third Securities, Inc.; J.P. Morgan Securities LLC; Mizuho Securities; MUFG Securities Americas Inc. ; PNC Capital Markets LLC; Scotia Capital Inc.; Siebert Williams Shank & Co. LLC; TD Securities; Truist Securities Inc. ; U.S. Bancorp Investments; Wells Fargo Securities;

Author: Martina Bellini