Maximum additional margin financing

[Table of Contents](#ie1b09d57e49a40aaa81f572e6311eac9_10)DTE Energy Company — DTE Electric CompanyCombined Notes to Consolidated Financial Statements (Unaudited) — (Continued)The availability under these facilities as of March 31, 2022 is shown in the following table:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | DTE Energy |  | DTE Electric |  | DTE Gas |  | Total |
|  | (In millions) |
| Unsecured revolving credit facility, expiring April 2025(a) | $ | 1,500  |  |  | $ | 500  |  |  | $ | 300  |  |  | $ | 2,300  |  |
| Unsecured term loan(b) | 400  |  |  | —  |  |  | —  |  |  | 400  |  |
| Unsecured Canadian revolving credit facility, expiring May 2023 | 88  |  |  | —  |  |  | —  |  |  | 88  |  |
| Unsecured letter of credit facility, expiring February 2023 | 150  |  |  | —  |  |  | —  |  |  | 150  |  |
| Unsecured letter of credit facility, expiring July 2023 | 70  |  |  | —  |  |  | —  |  |  | 70  |  |
| Unsecured letter of credit facility(c) | 50  |  |  | —  |  |  | —  |  |  | 50  |  |
|  | 2,258  |  |  | 500  |  |  | 300  |  |  | 3,058  |  |
| Amounts outstanding at March 31, 2022 |  |  |  |  |  |  |  |
| Revolver borrowings | 83  |  |  | —  |  |  | —  |  |  | 83  |  |
| Commercial paper issuances | 161  |  |  | —  |  |  | —  |  |  | 161  |  |
|  |  |  |  |  |  |  |  |
| Letters of credit | 288  |  |  | —  |  |  | —  |  |  | 288  |  |
|  | 532  |  |  | —  |  |  | —  |  |  | 532  |  |
| Net availability at March 31, 2022 | $ | 1,726  |  |  | $ | 500  |  |  | $ | 300  |  |  | $ | 2,526  |  |

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_(a)Total availability of $102 million expires in April 2024, including $67 million at DTE Energy, $22 million at DTE Electric, and $13 million at DTE Gas. All other availability expires in April 2025.(b)Term loan initially scheduled to expire June 2022 was terminated in April 2022.(c)Uncommitted letter of credit facility with automatic renewal provision for each July and therefore no expiration.In conjunction with maintaining certain exchange-traded risk management positions, DTE Energy may be required to post collateral with its clearing agents. DTE Energy has demand financing agreements with its clearing agents, including an agreement for up to $50 million with an indefinite term and an agreement for up to $150 million currently contracted through 2022 and subject to renewal. The $50 million agreement, as amended, also allows for up to $50 million of additional margin financing provided that DTE Energy posts a letter of credit for the incremental amount. Both agreements allow the right of setoff with posted collateral. At March 31, 2022, the capacity under the facilities was $250 million. The amounts outstanding under the agreements were $58 million and $103 million at March 31, 2022 and December 31, 2021, respectively, and were fully offset by the posted collateral.  
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