Company: DTK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000936340-25-000223
Chunk: 209

Company: DTE ENERGY CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 209
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 365 1,152 1,075 Taxes other than income102 91 284 263 Asset (gains) losses and impairments, net47 — 47 — 1,449 1,264 3,951 3,650 Operating Income602 433 1,245 1,133 Other (Income) and Deductions110 97 325 292 Income Tax Benefit(14)(101)(27)(45)Net Income Attributable to DTE Energy Company$506 $437 $947 $886 

See DTE Electric's Consolidated Statements of Operations for a complete view of its results.  Differences between the Electric segment and DTE Electric's Consolidated Statements of Operations are primarily due to non-utility operations at DTE Sustainable Generation (some of which includes intra-segment activity that is eliminated in consolidation) and the classification of certain benefit costs.  Refer to Note 15 to the Consolidated Financial Statements, "Retirement Benefits and Trusteed Assets" for additional information.

58

Operating Revenues increased $354 million and $413 million in the three and nine months ended September 30, 2025, respectively.  Revenues associated with certain mechanisms and surcharges, including recovery of fuel and purchased power, are offset by related expenses elsewhere in the Registrants' Consolidated Statements of Operations.  The increase in both periods was due to the following:

Three MonthsNine Months(In millions)Interconnection sales$55 $169 Implementation of new rates63 145 Power Supply Cost Recovery(a)98 71 Weather11 33 Rate mix5 30 Non-utility revenues(b)12 12 Regulatory Mechanism — RPS(c)108 (14)Base sales3 (36)Other regulatory mechanisms and other(1)3 $354 $413 

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(a)For the nine months ended September 30, 2025, the variance includes an MPSC disallowance of $28 million resulting from an order in DTE Electric's 2022 PSCR reconciliation case.  The disallowance reduced the amount of power supply costs recoverable from customers, which had a flow-through impact of approximately $5 million higher interest expense recorded separately to Other (Income) and Deductions.

(b)The increase in both periods was primarily due to the acquisition of a non-utility business by DTE Sustainable Generation during the third quarter 2025.