Wed, Mar 19, 2:11 PM (38 days ago)
**DTE Electric Securitization Funding I LLC (DTE) - 2024 Annual Report Summary** **Company Overview:** DTE Electric Securitization Funding I LLC is a wholly-owned subsidiary of DTE Electric Company, which is in turn a subsidiary of DTE Energy Company. The company is a non-accelerated filer and does not have securities registered under Section 12(b) or 12(g) of the Exchange Act. **Financial Performance:** The 10-K filing does not provide detailed financial statements, as they have been omitted pursuant to General Instruction J of Form 10-K. However, it is noted that the company does not pay any compensation to its managers or executive officers, except for an annual independent manager fee of $2,300 paid to CT Corporation Staffing, Inc. **Strategic Overview and Market Position:** DTE Electric Securitization Funding I LLC operates as a securitization funding vehicle for DTE Electric Company. The company's strategic focus is on managing and servicing securitized assets, with DTE Electric Company acting as the servicer. **Future Outlook:** The company's future outlook is tied to the performance of DTE Electric Company and the broader DTE Energy Company. The company has not provided specific forward-looking statements in this filing. **Risk Factors:** The primary risk factor noted is related to legal proceedings involving The Bank of New York Mellon, the indenture trustee, which has been named as a defendant in several legal actions related to residential mortgage-backed securitization transactions. However, the company has stated that these issues do not apply to the servicing functions performed for DTE Electric Securitization Funding I LLC. **Financial Condition:** The company's financial condition is not explicitly detailed in this filing due to the omission of financial statements. However, it is noted that the company has enhanced controls aimed at preventing missed payments to investors. **Management and Governance:** Key executives include David S. Ruud (President and Manager), Mark C. Rolling (Treasurer and Manager), Timothy J. Lepczyk (Secretary and Manager), and Lisa M. Pierro (Independent Manager). The company is subject to DTE Energy Company’s Officer Code of Business Conduct and Ethics. **Legal and Regulatory:** The company is compliant with applicable servicing criteria, as reported by the indenture trustee and attested by independent registered public accounting firms. There were no material instances of noncompliance related to the servicing functions performed for DTE Electric Securitization Funding I LLC. **Conclusion:** DTE Electric Securitization Funding I LLC operates within the broader DTE Energy Company structure, focusing on securitization funding and asset servicing. The company's financial and operational details are closely tied to its parent companies, with a strong emphasis on compliance and ethical conduct.