Line 1 Standard & Poor's 2 Current

Current and Historical Credit Ratings Schedule: I1 Page: 1 of 1 Line 1 Standard & Poor's 2 Current Ratings at Year End 3 Ratings 2013 2012 2011 2010 2009 4 DTE Electric 5 Senior Unsecured Debt BBB+ BBB+ BBB+ BBB+ BBB+ BBB 6 Senior Secured Debt A A A A A A- 7 Commercial Paper A-2 A-2 A-2 A-2 A-2 A-3 8 Outlook Positive Positive Stable Stable Stable Negative 9 10 DTE Energy 11 Senior Unsecured Debt BBB BBB BBB BBB BBB BBB- 12 Commercial Paper A-2 A-2 A-2 A-2 A-2 A-3 13 Outlook Positive Positive Stable Stable Stable Negative 14 15 16 17 Moody's Investors Service 18 Current Ratings at Year End 19 Ratings 2013 2012 2011 2010 2009 20 DTE Electric 21 Senior Unsecured Debt A2 A3 Baa1 Baa1 Baa1 Baa1 22 Senior Secured Debt Aa3 A1 A2 A2 A2 A2 23 Commercial Paper P-1 P-2 P-2 P-2 P-2 P-2 24 Outlook Stable Stable Positive Stable Stable Stable 25 26 DTE Energy 27 Senior Unsecured Debt A3 Baa1 Baa2 Baa2 Baa2 Baa2 28 Commercial Paper P-2 P-2 P-2 P-2 P-2 P-2 29 Outlook Stable Stable Positive Stable Stable Stable 30 31 32 33 Fitch Ratings 34 Current Ratings at Year End 35 Ratings 2013 2012 2011 2010 2009 36 DTE Electric 37 Senior Secured Debt A A A A- A- A- 38 Commercial Paper F2 F2 F2 F2 F2 F2 39 Outlook Stable Stable Stable Positive Stable Stable 40 41 DTE Energy 42 Senior Unsecured Debt BBB BBB BBB BBB BBB BBB 43 Commercial Paper F2 F2 F2 F2 F2 F2 44 Outlook Stable Stable Stable Stable Stable Negative

Page: 1 of 5 1 09/04/12 Public Service Co of Colorado Y $300 A2 A 2.250% 10 09/15/22 T+68 bp 2 09/04/12 Public Service Co of Colorado Y $500 A2 A 3.600% 30 09/15/42 T+95 bp 3 09/06/12 Union Electric Co Y $485 A3 BBB+ 3.900% 30 09/11/42 T+115 bp 4 09/10/12 Dominion Resources Inc N $350 Baa2 A- 1.400% 5 09/15/17 T+78 bp 5 09/10/12 Dominion Resources Inc N $350 Baa2 A- 2.750% 10 09/15/22 T+110 bp 6 09/10/12 Dominion Resources Inc N $350 Baa2 A- 4.050% 30 09/15/42 T+130 bp 7 09/10/12 PECO Energy Co Y $350 A1 A- 2.376% 10 09/15/22 T+70 bp 8 09/10/12 Public Service Electric & Gas Y $350 A1 A- 3.650% 30 09/01/42 T+85 bp 9 09/11/12 Tucson Electric Power Co N $150 Baa3 BBB- 3.850% 11 03/15/23 T+220 bp 10 09/18/12 NextEra Energy Capital Holdings N $500 Baa1 BBB+ 1.200% 3 06/01/15 T+90 bp 11 09/18/12 Duke Energy Carolinas Y $650 A1 A 4.000% 30 09/30/42 T+105 bp 12 09/18/12 Southern California Gas Co Y $350 Aa3 A+ 3.750% 30 09/15/42 T+80 bp 13 09/19/12 Sempra Energy N $500 Baa1 BBB+ 2.875% 10 10/01/22 T+110 bp 14 09/19/12 Tampa Electric Co N $250 A3 BBB+ 2.600% 10 09/15/22 T+83 bp 15 09/20/12 System Energy Resources Inc Y $250 Baa1 BBB+ 4.100% 11 04/01/23 T+238 bp 16 09/24/12 Commonwealth Edison Co Y $350 A3 A- 3.800% 30 10/01/42 T+92 bp 17 09/25/12 DTE Energy Co N $200 Baa3 BBB- 5.250% 50 12/01/62 -- 18 10/01/12 Western Massachusetts Electric N $150 Baa2 A- 3.500% 9 09/15/21 T+113 bp 19 10/02/12 GDF Suez N $750 A1 A 1.625% 5 10/10/17 T+115 bp 20 10/02/12 GDF Suez N $750 A1 A 2.875% 10 10/10/22 T+140 bp 21 10/09/12 Alabama Power N $400 A2 A 0.550% 3 10/15/15 T+25 bp 22 10/09/12 NSTAR Electric Y $400 A2 A- 2.375% 10 10/15/22 T+70 bp 23 10/10/12 PPL Capital Funding N $400 Baa3 BBB- 3.500% 10 12/01/22 T+180 bp 24 11/02/12 TransAlta Corp N $400 Baa3 BBB- 4.500% 10 11/15/22 T+300 bp 25 11/08/12 Georgia Power Co N $400 A3 A 0.625% 3 11/15/15 T+30 bp 26 11/14/12 Wisconsin Power & Light Co N $250 A2 A- 2.250% 10 11/15/22 T+70 bp 27 11/14/12 NextEra Energy Capital Holdings N $500 Baa2 BBB 5.125% 60 11/15/72 -- 28 11/15/12 Central Hudson Gas & Electric N $24 A3 A 4.065% 30 10/01/42 T+135 bp 29 11/15/12 Progess Energy Florida Inc Y $250 A2 A 0.650% 3 11/15/15 T+35 bp 30 11/15/12 Progess Energy Florida Inc Y $400 A2 A 3.850% 30 11/15/42 T+115 bp 31 11/20/12 Niagra Mohawk Power Corp N $300 A3 A- 2.721% 10 11/28/22 T+107 bp 32 11/20/12 Niagra Mohawk Power Corp N $400 A3 A- 4.119% 30 11/28/42 T+132 bp 33 11/26/12 Wisconsin Public Service Corp Y $300 Aa3 A 3.671% 30 12/01/42 T+88 bp 34 11/26/12 Entergy New Orleans Y $30 Baa3 BBB+ 5.000% 40 12/01/52 -- 35 11/27/12 Oglethorpe Power Corp Y $250 Baa1 A 4.200% 30 12/01/42 T+145 bp 36 11/27/12 Alabama Power Co N $350 A2 A 3.850% 30 12/01/42 T+107 bp 37 11/28/12 Entergy Louisiana Y $200 A3 A- 3.300% 10 12/01/22 T+170 bp 38 11/28/12 American Electric Power N $550 Baa2 BBB- 1.650% 5 12/15/17 T+105 bp 39 11/28/12 American Electric Power N $300 Baa2 BBB- 2.950% 10 12/15/22 T+135 bp 40 12/03/12 El Paso Electric N $150 Baa2 BBB 3.300% 10 12/15/22 T+170 bp 41 12/05/12 Entergy Mississippi Y $250 Baa1 A- 3.100% 21 07/01/33 T+155 bp 42 12/05/12 Narragansett Electric N $250 A3 A- 4.170% 30 12/10/42 T+140 bp 43 12/05/12 Wisconsin Electric Power N $300 A3 A- 3.650% 30 12/10/42 T+90 bp 44 12/17/12 Florida Power & Light Co Y $400 Aa3 A 3.800% 30 12/15/42 T+92 bp 45 01/03/13 Virginia Electric Power Co N $250 A3 A- 1.200% 5 01/15/18 T+45 bp 46 01/03/13 Virginia Electric Power Co N $500 A3 A- 4.000% 30 01/15/43 T+93 bp 47 01/07/13 Public Service Electric & Gas Co N $400 A1 A- 3.800% 30 01/01/43 T+75 bp 48 01/08/13 Connecticut Light & Power Co Y $400 A3 A- 2.500% 10 01/15/23 T+70 bp 49 01/09/13 Duke Energy Corp N $500 Baa3 BBB- 5.125% 60 01/15/73 -- 50 01/15/13 NextEra Capital Holdings Inc N $425 Baa2 BBB 5.000% 60 01/15/73 -- 51 01/23/13 SCE Trust II N $400 Baa2 BBB- 5.100% PERP Perpetual -- 52 02/12/13 National Fuel Gas Co N $500 Baa1 BBB 3.750% 10 03/01/23 T+180 bp 53 02/25/13 Consolidated Edison Co of New York N $700 A3 A- 3.950% 30 03/01/43 T+88 bp 54 02/28/13 FirstEnergy Corp N $650 Baa3 BB+ 2.750% 5 03/15/18 T+200 bp 55 02/28/13 FirstEnergy Corp N $850 Baa3 BB+ 4.250% 10 03/15/23 T+238 bp 56 03/04/13 Southern California Edison Y $400 A1 A 3.900% 30 03/15/43 T+83 bp 57 03/11/13 Potomac Electric Power Co Y $250 A3 A 4.150% 30 03/15/43 T+90 bp 58 03/11/13 Kansas City Power & Light Co N $300 Baa2 BBB 3.150% 10 03/15/23 T+110 bp 59 03/12/13 Georgia Power Company N $250 A3 A 3mL+32 bp 3 03/15/16 -- 60 03/12/13 Georgia Power Company N $400 A3 A 4.300% 30 03/15/43 T+110 bp

Page: 2 of 5 61 03/12/13 PPL Capital Funding N $450 Ba1 BB+ 5..9 60 04/30/73 -- 62 03/13/13 Indiana Michigan Power Co. N $250 Baa2 BBB 3.200% 10 03/15/23 T+120 bp 63 03/14/13 Interstate Power & Light Co. N $200 Baa2 BBB 5.100% PERP Perpetual -- 64 03/19/13 Arizona Public Service Co (re-open) N $100 Baa1 BBB+ 4.500% 29 04/01/42 T+150 bp 65 03/19/13 DTE Electric Co Y $375 A1 A 4.000% 30 04/01/43 T+88 bp 66 03/19/13 Public Service Co of Colorado Y $250 A2 A 2.500% 10 03/15/23 T+65 bp 67 03/19/13 Public Service Co of Colorado Y $250 A2 A 3.950% 30 03/15/43 T+85 bp 68 03/19/13 CMS Energy Corp N $250 Baa3 BBB- 4.700% 30 03/31/43 T+160 bp 69 04/03/13 Idaho Power Co. Y $75 A2 A- 2.500% 10 04/01/23 T+75 bp 70 04/03/13 Idaho Power Co. Y $75 A2 A- 4.000% 30 04/01/43 T+95 bp 71 04/09/13 NiSource Finance Corp. N $760 Baa3 BBB- 4.800% 31 02/15/44 T+188 bp 72 05/06/13 Xcel Energy Inc. N $450 Baa1 BBB+ 0.750% 3 05/09/16 T+42 bp 73 05/08/13 Northeast Utilities N $300 Baa1 BBB+ 1.450% 5 05/01/18 T+72 bp 74 05/08/13 Northeast Utilities N $450 Baa1 BBB+ 2.800% 10 05/01/23 T+107 bp 75 05/08/13 Oncor Electric Delivery (re-open) Y $100 Baa3 A 4.100% 9 06/01/22 76 05/08/13 Oklahoma Gas & Electric N $250 A2 A+ 3.900% 30 05/01/43 T+90 bp 77 05/13/13 Northern States Power Company Y $400 A1 A+ 2.600% 10 05/15/23 T+70 bp 78 05/13/13 Consumers Energy Company Y $425 A2 A- 3.950% 30 05/15/43 T+85 bp 79 05/14/13 NSTAR Electric Co. N $200 A2 A- 3mL+24 bp 3 05/17/16 -- 80 05/15/13 Entergy Lousiana Y $100 A3 A- 4.700% 50 06/01/63 -- 81 05/21/13 PPL Capital Funding, Inc. N $250 Baa3 BBB- 1.900% 5 06/01/18 T+110 bp 82 05/21/13 PPL Capital Funding, Inc. N $600 Baa3 BBB- 3.400% 10 06/01/23 T+150 bp 83 05/21/13 PPL Capital Funding, Inc. N $300 Baa3 BBB- 4.700% 30 06/01/43 T+160 bp 84 05/22/13 Entergy Arkansas Y $250 A3 A- 3.050% 10 06/01/23 T+105 85 06/03/13 Pacificorp Y $250 A2 A 2.950% 10 06/01/23 T+85 bp 86 06/03/13 Indianapolis Power & Light Co. Y $170 A3 BBB+ 4.650% 30 06/01/43 T+140 87 06/03/13 NextEra Energy Capital Holdings Inc N $250 Baa1 BBB+ 3.625% 30 06/15/43 T+150 88 06/10/13 Gulf Power N $90 A3 A 5.000% 30 06/15/43 T+165 89 06/10/13 South Carolina Electic & Gas Y $300 A3 A 4.600% 30 06/15/43 T+128 90 06/10/13 Duke Energy Corp Y $350 Baa2 BBB 2.100% 5 06/15/18 T+100 91 06/10/13 Wisconsin Electric Power Company N $250 A2 A- 1.700% 5 06/15/18 T+58 92 06/12/13 Baltimore Gas & Electric Company N $300 Baa1 BBB+ 3.350% 10 07/01/23 T+115 93 06/12/13 Pacific Gas & Electric Company N $375 A3 BBB 3.250% 10 06/15/23 T+110 94 06/12/13 Pacific Gas & Electric Company N $375 A3 BBB 4.600% 30 06/15/43 T+125 95 06/19/13 Entergy New Orleans Y $100 Baa3 A- 3.900% 10 07/01/23 T+175 96 06/26/13 ITC Holdings N $250 Baa2 BBB 4.050% 10 07/01/23 T+155 97 06/26/13 ITC Holdings N $300 Baa2 BBB 5.300% 30 07/01/43 T+175 98 07/08/13 PPL Electric Ultilities Corp. Y $350 A3 A- 4.750% 30 07/15/43 T+115 99 07/08/13 Duke Energy Indiana Inc Y $150 A2 A 3mL+35 bp 3 07/11/16 -- 100 07/08/13 Duke Energy Indiana Inc Y $350 A2 A 4.900% 30 07/15/43 T+130 101 07/10/13 Southern Power Company N $300 Baa1 BBB+ 5.250% 30 07/15/43 T+160 102 08/05/13 Consumers Energy Company Y $325 A2 A- 3.375% 30 08/15/43 T+73 103 08/06/13 Laclede Gas Co Y $100 A2 A 2.000% 5 08/15/18 T+70 104 08/06/13 Laclede Gas Co Y $250 A2 A 3.400% 10 08/15/23 T+80 105 08/06/13 Laclede Gas Co Y $200 A2 A 4.625% 30 08/15/43 T+95 106 08/06/13 NextEra Energy Capital Holdings Inc N $402 Baa1 BBB+ 1.339% 2 09/01/15 T+85 107 08/12/13 Commonwealth Edison Co Y $350 A3 A- 4.600% 30 08/15/43 T+92 bp 108 08/12/13 Westar Energy Inc Y $250 A3 A- 4.625% 30 09/01/43 T+93 bp 109 08/12/13 Sierra Pacific Power Co Y $250 A3 BBB+ 3.375% 10 08/15/23 T+80 bp 110 08/12/13 Virginia Electric & Power Co - VEPCO N $585 A3 A- 4.650% 30 08/15/43 T+95 bp 111 08/12/13 Georgia Power Co N $200 A3 A -mth Libor +40b 3 08/15/16 T+40 bp 112 08/13/13 Southwestern Public Service Co Y $100 A3 A 4.500% 28 08/15/41 T+98 bp 113 08/14/13 Jersey Central Power & Light Co N $500 Baa2 BBB- 4.700% 11 04/01/24 T+205 bp 114 08/14/13 Northwest Natural Gas Co Y $50 A1 3.542% 10 08/19/23 115 08/19/13 Entergy Louisiana LLC Y $325 A3 A- 4.050% 10 09/01/23 T+120 bp 116 08/20/13 DTE Electric Co Y $400 A1 A 3.650% 11 03/15/24 T+87 bp 117 08/21/13 Southern Co N $500 Baa1 A- 2.450% 5 09/01/18 T+93 bp 118 09/03/13 Duke Energy Ohio Inc Y $150 A2 A -mth Libor +14b 2 03/06/15 T+14 bp 119 09/03/13 Duke Energy Ohio Inc Y $300 A2 A 3.800% 10 09/01/23 T+95 bp 120 09/04/13 San Diego Gas & Electric Co Y $450 Aa3 A+ 3.600% 10 09/01/23 T+70 bp

Page: 3 of 5 121 09/09/13 Public Service Electric & Gas Co Y $350 A1 2.300% 5 09/15/18 122 09/09/13 Public Service Electric & Gas Co Y $250 A1 3.750% 11 03/15/24 123 09/12/13 MidAmerican Energy Co Y $350 Aa3 A 2.400% 6 03/15/19 T+70 bp 124 09/12/13 MidAmerican Energy Co Y $250 Aa3 A 3.700% 10 09/15/23 T+83 bp 125 09/12/13 MidAmerican Energy Co Y $350 Aa3 A 4.800% 30 09/15/43 T+95 bp 126 09/16/13 PECO Energy Co Y $300 A1 A- 1.200% 3 10/15/16 T+45 bp 127 09/16/13 PECO Energy Co Y $250 A1 A- 4.800% 30 10/15/43 T+93 bp 128 09/23/13 Continental Wind LLC Y $613 Baa3 BBB- 6.000% 19 02/28/33 T+330 bp 129 09/25/13 Southern California Edison Co Y $600 A1 A 3.500% 10 10/01/23 T+90 bp 130 09/25/13 Southern California Edison Co Y $200 A1 A -mth Libor +5b 1 10/01/14 T+5 bp 131 09/25/13 Southern California Edison Co Y $800 A1 A 4.650% 30 10/01/43 T+100 bp 132 10/01/13 Southwest Gas Corp N $250 Baa1 A- 4.875% 30 10/01/43 T+113 bp 133 10/03/13 NiSource Finance Corp N $500 Baa3 BBB- 5.650% 31 02/01/45 T+195 bp 134 10/03/13 Interstate Power & Light Co N $250 A3 A- 4.700% 30 10/15/43 T+100 bp 135 10/08/13 Duke Energy Corp N $400 Baa1 BBB 3.950% 10 10/15/23 T+135 bp 136 11/05/13 PSEG Power LLC N $250 Baa1 BBB+ 2.450% 5 11/15/18 T+110 bp 137 11/05/13 PSEG Power LLC N $250 Baa1 BBB+ 4.300% 10 11/15/23 T+165 bp 138 11/05/13 MidAmerican Energy Holdings Co N $400 Baa1 BBB+ 1.100% 4 05/15/17 T+55 bp 139 11/05/13 MidAmerican Energy Holdings Co N $350 Baa1 BBB+ 2.000% 5 11/15/18 T+65 bp 140 11/05/13 MidAmerican Energy Holdings Co N $500 Baa1 BBB+ 3.750% 10 11/15/23 T+110 bp 141 11/05/13 MidAmerican Energy Holdings Co N $750 Baa1 BBB+ 5.150% 30 11/15/43 T+140 bp 142 11/06/13 Public Service Co of New Hampshire Y $250 A3 A 3.500% 10 11/01/23 T+90 bp 143 11/06/13 Louisville Gas & Electric Co Y $250 A2 A- 4.650% 30 11/15/43 T+90 bp 144 11/06/13 Kentucky Utilities Co Y $250 A2 A- 4.650% 30 11/15/43 T+90 bp 145 11/06/13 Pacific Gas & Electric Co N $300 A3 BBB 3.850% 10 11/15/23 T+123 bp 146 11/06/13 Pacific Gas & Electric Co N $500 A3 BBB 5.125% 30 11/15/43 T+133 bp 147 11/07/13 Delmarva Power & Light Co Y $300 A3 A 3.500% 10 11/15/23 T+90 bp 148 11/14/13 Wisconsin Public Service Corp Y $450 Aa3 A 4.752% 31 11/01/44 T+90 bp 149 11/14/13 Black Hills Corp N $525 Baa2 BBB 4.250% 10 11/30/23 T+160 bp 150 11/18/13 DTE Energy Co N $300 Baa1 BBB 3.850% 10 12/21/23 T+120 bp 151 11/18/13 Southern Electric Generating N $100 A2 A 2.200% 5 12/01/18 T+88 bp 152 11/19/13 Sempra Energy N $500 Baa1 BBB+ 2.200% 10 12/01/23 T+88 bp 153 11/19/13 Monongahela Power Co Y $400 Baa1 BBB+ 4.100% 10 04/15/24 T+140 bp 154 11/19/13 Monongahela Power Co Y $600 Baa1 BBB+ 5.400% 30 12/15/43 T+160 bp 155 12/02/13 Washington Gas Light Co N $75 A2 A+ 5.000% 30 12/15/43 T+115 bp 156 12/03/13 Alabama Power Co N $300 A2 A 3.550% 10 12/01/23 T+82 bp 157 12/05/13 Ameren Illinois Co Y $280 A3 A 4.800% 30 12/15/43 T+93 bp 158 01/06/14 Commonwealth Edison Co Y $300 A3 A- 2.150% 5 01/15/19 T+50 bp 159 01/06/14 Commonwealth Edison Co Y $350 A3 A- 4.700% 30 01/15/44 T+80 bp 160 01/07/14 Arizona Public Service Co N $250 Baa1 A- 4.700% 30 01/15/44 T+83 bp 161 01/13/14 One Gas Inc N $300 A2 A- 2.070% 5 02/01/19 T+48 bp 162 01/13/14 One Gas Inc N $300 A2 A- 3.610% 10 02/01/24 T+78 bp 163 01/13/14 One Gas Inc N $600 A2 A- 4.658% 30 02/01/44 T+88 bp 164 02/04/14 Virginia Electric & Power Co N $300 A2 A- 3.450% 10 02/15/24 T+85 bp 165 02/04/14 Virginia Electric & Power Co N $350 A2 A- 4.450% 30 02/15/44 T+90 bp 166 02/06/14 Korea Gas Corp N $400 A1 A+ 3.875% 10 02/15/24 T+125 bp 167 02/18/14 Pacific Gas & Electric Co N $500 A3 BBB 3.750% 10 02/15/24 T+105 bp 168 02/18/14 Pacific Gas & Electric Co N $450 A3 BBB 4.750% 30 02/15/44 T+110 bp 169 02/24/14 CMS Energy Corp N $250 Baa2 BBB- 3.875% 10 03/01/24 T+113 bp 170 02/24/14 CMS Energy Corp N $300 Baa2 BBB- 4.875% 30 03/01/44 T+118 bp 171 02/24/14 PG&E Corp N $350 Baa1 BBB- 2.400% 5 03/01/19 T+88 bp 172 02/27/14 SCE Trust III N $275 Baa1 BBB- 5.750% PERP PERP -- 173 03/03/14 Public Service Colorado Y $300 A1 A 4.200% 30 03/15/44 T+77 bp 174 03/03/14 Duke Energy Progress Inc Y $250 Aa2 A 3mL+20 bp 3 03/06/17 -- 175 03/03/14 Duke Energy Progress Inc Y $400 Aa2 A 4.375% 30 03/30/44 T+82 bp 176 03/03/14 Consolidated Edison of NY Inc N $850 A2 A- 4.450% 30 03/15/44 T+90 bp 177 03/04/14 NSTAR Electric Co N $300 A2 A- 4.400% 30 03/01/44 T+83 bp 178 03/05/14 PPL Capital Funding Inc N $350 Baa3 BBB- 3.950% 10 03/15/24 T+130 bp 179 03/05/14 PPL Capital Funding Inc N $400 Baa3 BBB- 5.000% 30 03/15/44 T+138 bp 180 03/05/14 Tucson Electric Power Y $150 Baa1 BBB 5.000% 30 03/15/44 T+140 bp

Page: 4 of 5 181 03/06/14 NextEra Energy Capital Holdings Inc N $350 Baa1 BBB+ 2.700% 6 09/15/19 T+113 bp 182 03/10/14 Entergy Arkansas Y $375 A3 A- 3.700% 10 06/01/24 T+93 bp 183 03/10/14 PacificCorp Y $425 A1 A 3.600% 10 04/01/24 T+83 bp 184 03/10/14 Southern California Gas Co Y $250 Aa2 A+ 4.450% 30 03/15/44 T+77 bp 185 03/11/14 Potomac Electric Power Co Y $400 A2 A 3.600% 10 03/15/24 T+85 bp 186 03/12/14 CenterPoint Energy Houston Electric LLC Y $600 A1 A 4.500% 30 04/01/44 T+90 bp 187 03/18/14 Entergy Mississippi Y $100 A3 A- 3.750% 10 07/01/24 T+108 bp 188 03/18/14 Dominion Resources N $400 Baa2 BBB+ 1.250% 3 03/15/17 T+53 bp 189 03/18/14 Oklahoma Gas & Electric Co N $250 A1 A- 4.550% 30 03/15/44 T+95 bp 190 03/31/14 MidAmerican Energy Co Y $150 Aa2 A 2.400% 5 03/15/19 T+47 bp 191 03/31/14 MidAmerican Energy Co Y $300 Aa2 A 3.500% 11 10/15/24 T+83 bp 192 03/31/14 MidAmerican Energy Co Y $400 Aa2 A 4.400% 31 10/15/44 T+88 bp 193 04/01/14 Union Electric Co Y $350 A2 A 3.500% 30 04/15/44 T+75 bp 194 04/01/14 Duke Energy Corp N $400 A3 BBB 3mL+38 bp 3 04/03/17 -- 195 04/01/14 Duke Energy Corp N $600 A3 BBB 3.750% 10 04/15/24 T+100 bp 196 04/14/14 Connecticut Light & Power Y $250 A2 A 4.300% 30 04/15/44 T+82 bp 197 05/05/14 Appalachian Power N $300 Baa1 BBB 4.400% 30 05/15/44 T+105 bp 198 05/06/14 Southern California Edison Co Y $400 Aa3 A 1.125% 3 05/01/17 T+25 bp 199 05/06/14 DTE Energy N $350 A3 BBB 3.500% 10 06/01/24 T+92 bp 200 05/06/14 Northern States Power Co of Minnesota Y $300 Aa3 A 4.125% 30 05/15/44 T+77 bp 201 05/08/14 Oncor Electric Delivery Co LLC Y $250 Baa3 A 2.150% 5 06/01/19 T+55 bp 202 05/12/14 Westar Energy Inc Y $180 A2 A 4.100% 30 04/01/43 T+82 bp 203 05/12/14 Tampe Electric Co N $300 A2 BBB+ 4.350% 30 05/15/44 T+87 bp 204 05/12/14 Wisconsin Electric Power Co N $250 A1 A- 4.250% 30 06/01/44 T+80 bp 205 05/12/14 Florida Power and Light Co Y $500 Aa2 A 3.250% 10 06/01/24 T+60 bp 206 05/13/14 Entergy Texas Inc Y $135 Baa1 A- 5.625% 50 06/01/64 -- 207 05/14/14 First Energy Transmission N $600 Baa3 BB+ 4.350% 11 01/15/25 T+180 bp 208 05/14/14 First Energy Transmission N $400 Baa3 BB+ 5.450% 30 07/15/44 T+210 bp 209 05/20/14 South Carolina Electric & Gas Co Y $300 A3 A 4.500% 50 06/01/64 T+120 bp 210 05/28/14 ITC Holdings Corp N $400 Baa2 BBB+ 3.650% 10 06/15/24 T+125 bp 211 05/28/14 Public Service Electric & Gas Co Y $250 Aa3 A 1.800% 5 06/01/19 T+37 bp 212 05/28/14 Public Service Electric & Gas Co Y $250 Aa3 A 4.000% 30 06/01/44 T+77 bp 213 05/29/14 TransAlta Corp N $400 Baa3 BBB- 1.900% 3 06/03/17 T+120 bp 214 06/02/14 Southwestern Public Service Co Y $150 A2 A 3.300% 10 06/15/24 T+80 bp 215 06/02/14 Delmarva Power and Light Y $200 A2 A 3.500% 10 11/15/23 T+70 bp 216 06/02/14 PPL Electric Utilities Y $300 A2 A- 4.125% 30 06/15/44 T+82 bp 217 06/03/14 NextEra Energy Capital Holdings Inc N $350 Baa1 BBB+ 2.400% 5 09/15/19 T+80 bp 218 06/05/14 Pennsylvania Electric Co N $200 Baa2 BBB- 4.150% 11 04/15/25 T+160 bp 219 06/05/14 Metropolitan Edison Co N $250 Baa2 BBB- 4.400% 11 04/15/25 T+145 bp 220 06/09/14 Oglethorpe Power Corp Y $250 Baa1 A 4.550% 30 06/01/44 T+115 bp 221 06/09/14 Arizona Public Service Co N $250 A3 A- 3.350% 10 06/15/24 T+75 bp 222 06/10/14 Indianapolis P&L Y $130 A2 BBB+ 4.500% 10 06/01/24 T+112 bp 223 06/10/14 Sempra Energy N $500 Baa1 BBB+ 3.550% 10 06/15/24 T+95 bp 224 06/16/14 Northern States Power Co - Wisconsin Y $100 Aa3 A 3.300% 10 06/15/24 T+75 bp 225 06/17/14 Entergy Louisiana LLC Y $170 A2 A- 5.000% 30 07/15/44 T+158 bp 226 06/23/14 DTE Electric Co Y $350 Aa3 A 3.375% 11 03/01/25 T+77 bp 227 06/23/14 DTE Electric Co Y $350 Aa3 A 4.300% 30 07/01/44 T+87 bp 228 06/23/14 Ameren Illinois Co Y $250 A2 A 4.300% 30 07/01/44 T+92 bp 229 06/24/14 Entergy Louisiana LLC Y $190 A2 A- 3.780% 11 04/01/25 T+120 bp 230 06/24/14 Entergy Gulf States Louisiana Y $110 A2 A- 3.780% 11 04/01/25 T+120 bp 231 06/25/14 Kansas Gas & Electric Y $250 A2 A 4.300% 30 07/15/44 T+95 bp 232 08/06/14 Public Service Electric & Gas Co Y $250 Aa3 A 2.000% 5 08/15/19 T+40 bp 233 08/06/14 Public Service Electric & Gas Co Y $250 Aa3 A 3.150% 10 08/15/24 T+70 bp 234 08/07/14 Pacific Gas & Electric Co N $350 A3 BBB -- 10 08/15/24 -- 235 08/07/14 Pacific Gas & Electric Co N $225 A3 BBB -- 30 02/15/44 -- 236 08/11/14 Consumers Energy Co Y $250 A1 A- 3.125% 10 08/31/24 T+72 bp 237 08/11/14 Consumers Energy Co Y $250 A1 A- 4.350% 50 08/31/64 T+117 bp 238 08/12/14 The Laclede Group Inc N $250 Baa2 BBB+ 3mL+75 bp 3 08/15/17 -- 239 08/12/14 The Laclede Group Inc N $125 Baa2 BBB+ 2.550% 5 08/15/19 T+98 bp 240 08/12/14 The Laclede Group Inc N $250 Baa2 BBB+ 4.700% 30 08/15/44 T+145 bp

Page: 5 of 5 241 08/18/14 Atlantic City Electric Co Y $150 A3 A 3.375% 10 09/01/24 T+100 bp 242 08/19/14 The Southern Co N $400 Baa1 A- 1.300% 3 08/15/17 T+42 bp 243 08/19/14 The Southern Co N $350 Baa1 A- 2.150% 5 09/01/19 T+62 bp 244 08/20/14 Alabama Power Co N $400 A1 A 4.150% 30 08/15/44 T+98 bp 245 09/02/14 Florida Power and Light Co Y $500 Aa2 A 4.050% 30 10/01/44 T+90bp 246 09/08/14 PECO Energy Co Y $300 Aa3 A- 4.150% 30 10/01/44 T+95 bp 247 09/08/14 Southern California Gas Co Y $500 Aa2 A+ 3.150% 10 09/15/24 T+72 bp 248 09/08/14 Washington Gas Light Co N $100 A1 A+ 4.224% 30 09/15/44 T+100 bp Source: Citibank

Historical Financial Metrics Schedule: I3 Page: 1 of 1 Line No. Metric 2009 2010 2011 2012 2013 1 A) EBIT Interest Coverage 3.2 3.8 4.0 4.2 4.0 2 B) EBITDA Interest Coverage 5.9 6.4 6.8 7.1 7.0 3 C) FFO Interest Coverage 5.2 6.6 6.6 5.7 6.5 4 D) Overall Fixed Charge Coverage 2.4 2.7 2.8 3.0 3.0 5 E) Cash Flow Coverage of Dividend 3.6 4.7 4.4 3.5 3.9 6 F) Common Dividend Payout Ratio 81% 69% 70% 65% 70% 7 Permanent Capitalization ($MM) 7,998 7,590 8,077 8,489 9,571 8 G) Permanent Capitalization (% Debt) 51.6% 47.2% 48.8% 49.3% 49.6% 9 H) Return on Common Equity (ROE) 10.1% 11.2% 10.7% 11.5% 10.7% 10 I) Authorized ROE 11.0% 11.0% 10.5% 10.5% 10.5% A) Methodology consistent with Standard & Poor's B) Methodology consistent with Standard & Poor's C) Methodology consistent with Standard & Poor's D) Numerator: Net Income plus Gross Interest Denominator: Gross Interest plus Preferred Dividends E) Numerator: Net Income for Common plus depreciation plus amortization plus deferred taxes plus deferred investment tax credits Denominator: Common Dividends F) Numerator: Common Dividends Denominator: Net Income for Common G) Numerator: Long-Term Debt Denominator: Permanent Capital (Long-Term Debt + Equity) H) Numerator: Net Income Denominator: Avg Equity

Historical Ratemaking Metrics Schedule: I4 Page: 1 of 1 Line No. Metric 2009 2010 2011 2012 2013 1 A) EBIT Interest Coverage 3.2 3.8 4.1 4.3 4.1 2 B) EBITDA Interest Coverage 5.9 6.5 6.9 7.2 7.1 3 C) FFO Interest Coverage 5.2 6.7 6.6 5.8 6.6 4 D) Overall Fixed Charge Coverage 2.4 2.7 2.8 3.1 3.1 5 E) Cash Flow Coverage of Dividend 3.5 4.7 4.4 3.5 3.9 6 F) Common Dividend Payout Ratio 82% 69% 70% 65% 70% 7 Permanent Capitalization ($MM) 7,888 8,134 8,470 8,712 9,622 8 G) Permanent Capitalization (% Debt) 50.9% 50.7% 51.2% 50.6% 49.6% 9 H) Return on Common Equity (ROE) 9.8% 11.1% 10.6% 11.4% 10.6% 10 I) Authorized ROE 11.0% 11.0% 10.5% 10.5% 10.5% A) Methodology consistent with Standard & Poor's B) Methodology consistent with Standard & Poor's C) Methodology consistent with Standard & Poor's D) Numerator: Net Income plus Gross Interest Denominator: Gross Interest plus Preferred Dividends E) Numerator: Net Income for Common plus depreciation plus amortization plus deferred taxes plus deferred investment tax credits Denominator: Common Dividends F) Numerator: Common Dividends Denominator: Net Income for Common G) Numerator: Long-Term Debt Denominator: Permanent Capital (Long-Term Debt + Equity) H) Numerator: Net Income Denominator: Avg Equity

Forecasted Metrics Schedule: I5 Page: 1 of 1 (a) (b) (c) With Without Line Rate Rate No. Metric Relief Relief 1 A) EBIT Interest Coverage 4.6 3.1 2 B) EBITDA Interest Coverage 7.2 5.7 3 C) FFO Interest Coverage 6.3 5.3 4 D) Overall Fixed Charge Coverage 3.3 2.4 5 E) Cash Flow Coverage of Dividend 3.2 2.6 6 F) Common Dividend Payout Ratio 72% 121% 7 Permanent Capitalization ($MM) 10,441 10,441 8 G) Permanent Capitalization (% Debt) 50.0% 50.0% 9 H) Return on Common Equity (ROE) 10.75% 6.42% A) Methodology consistent with Standard & Poor's B) Methodology consistent with Standard & Poor's C) Methodology consistent with Standard & Poor's D) Numerator: Net Income plus Gross Interest Denominator: Gross Interest plus Preferred Dividends E) Numerator: Net Income for Common plus depreciation plus amortization plus deferred taxes plus deferred investment tax credits Denominator: Common Dividends F) Numerator: Common Dividends Denominator: Net Income for Common G) Numerator: Long-Term Debt Denominator: Permanent Capital (Long-Term Debt + Equity) H) Numerator: Net Income Denominator: Avg Equity