UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 6, 2008
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Commission
File Number | | Exact Name of Registrant as Specified in its Charter,
State of Incorporation, Address of Principal
Executive Offices and Telephone Number | | I.R.S. Employer
Identification No. |
| | | | | |
| 1-11607 | | DTE Energy Company
(a Michigan corporation)
2000 2nd Avenue
Detroit, Michigan 48226-1279
313-235-4000 | | 38-3217752 |
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| 1-2198 | | The Detroit Edison Company | | 38-0478650 |
| | | (a Michigan corporation)
2000 2nd Avenue
Detroit, Michigan 48226-1279
313-235-4000 | | |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (seeGeneral Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.02. Termination of a Material Definitive Agreement.
Effective June 6, 2008, The Detroit Edison Company (“Detroit Edison”) has terminated its (i) Amended and Restated Trade Receivables Purchase and Sale Agreement among Detroit Edison, CAFCO, LLC (as successor to Corporate Asset Funding Company, Inc.) (“CAFCO”), Citibank, N.A. (“Citibank”) and Citicorp North America, Inc. (“Citicorp”), individually and as Agent (the “CAFCO Trade Receivables Agreement”), dated as of March 9, 2001, as amended, and (ii) its Amended and Restated Trade Receivables Purchase and Sale Agreement among Detroit Edison, Citibank and Citicorp, as Agent (the “Citibank Trade Receivables Agreement”), dated as of October 1, 1991, as amended (collectively the “Agreements”). The Agreements provided Detroit Edison with $200 million in borrowing capacity that was secured by Detroit Edison’s customer accounts receivable. Detroit Edison terminated the Agreements because Detroit Edison determined that the Agreements were no longer necessary.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
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| Date: June 12, 2008 | DTE ENERGY COMPANY
(Registrant)
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| | /s/ David R. Murphy | |
| | David R. Murphy | |
| | Assistant Treasurer | |
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| | THE DETROIT EDISON COMPANY
(Registrant)
| |
| | /s/ David R. Murphy | |
| | David R. Murphy | |
| | Assistant Treasurer | |
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