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DTE Electric Company’s (DTEE) rating reflects ���������ֳ�’ expectations of stable credit metrics at the low-risk regulated electric utility with a predominately constructive regulatory environment in Michigan. ���������ֳ�’s assessment of parent DTE Energy Company’s (DTE; BBB/ Stable) group structure allows up to a two-notch differential between the Long-Term Issuer Default Ratings of DTE and DTEE. ���������ֳ� views the regulatory environment for electric utilities in Michigan as mostly constructive from a credit perspective. The regulatory framework allows full pass-through of fuel costs, forward-looking test years and a timely 10-month review period for general rate case resolution. DTEE’s authorized ROE of 9.9% compares favorably with industry averages.