Wed, Mar 19, 2:12 PM (38 days ago)
**DTE Electric Securitization Funding II LLC (No Ticker)** **Financial Performance (2024):** - No revenue, net income, or operating expenses reported as the company is a securitization vehicle. - No earnings per share (EPS) reported. **Strategic Overview:** - DTE Electric Securitization Funding II LLC is a wholly-owned subsidiary of DTE Electric Company, which is in turn a subsidiary of DTE Energy Company. - The company's operations are focused on securitization funding activities. **Future Outlook:** - The outlook is not explicitly stated, but the company's activities are tied to the performance and strategies of DTE Electric Company and DTE Energy Company. **Risk Factors:** - Legal proceedings involving U.S. Bank, which serves as a trustee for certain residential mortgage-backed securities (RMBS) trusts, could potentially impact the company's operations. - Litigation related to student loans and the National Collegiate Student Loan Master Trust I is ongoing, with U.S. Bank denying liability and contesting the claims. **Financial Condition:** - The company does not report traditional financial metrics due to its nature as a securitization vehicle. - The company's financial condition is intertwined with that of DTE Electric Company and DTE Energy Company. **Market Position Changes:** - No significant market position changes reported, as the company's activities are focused on securitization funding. **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 Michelle A. Dreyer (Independent Manager). - The company adheres to DTE Energy Company’s Officer Code of Business Conduct and Ethics. **Notable Points:** - The company does not pay compensation to its managers or executive officers, except for an annual independent manager fee of $3,650 paid to Corporation Service Company. - The company is subject to various legal proceedings and compliance assessments, with reports and attestations filed as exhibits.