Preliminary ratings Class Preliminary rating Preliminary amount (mil. $) Expected final maturity Legal final maturity A-1 AAA (sf) 412.33 August 2031 August 2032 A-2 AAA (sf) 188.13 August 2040 August 2041 Note: This presale report is based on information as of Oct. 28, 2026. The ratings shown are preliminary. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. Accordingly, the preliminary ratings should not be construed as evidence of final ratings. This report does not constitute a recommendation to buy, hold, or sell securities. Profile Expected closing date Nov. 12, 2026. Collateral Securitization property, including power supply and distribution securitization charges. Issuing entity DTE Electric Securitization Funding III LLC. Seller DTE Electric Co.
