Company: DTK
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000936340-25-000182
Chunk: 166

Company: DTE ENERGY CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 166
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 liability positions as well as related cash collateral.  Such netting arrangements generally do not have restrictions.  Under such netting arrangements, DTE Energy offsets the fair value of derivative instruments with cash collateral received or paid for those contracts executed with the same counterparty, which reduces DTE Energy's Total Assets and Liabilities.  Cash collateral is allocated between the fair value of derivative instruments and customer accounts receivable and payable with the same counterparty on a pro-rata basis to the extent there is exposure.  Any cash collateral remaining, after the exposure is netted to zero, is reflected in Accounts receivable and Accounts payable as collateral paid or received, respectively.DTE Energy also provides and receives collateral in the form of letters of credit which can be offset against net Derivative assets and liabilities as well as Accounts receivable and payable.  DTE Energy had letters of credit of $1 million issued and outstanding at June 30, 2025 and December 31, 2024, which could be used to offset net Derivative liabilities.  There were $17 million letters of credit received from third parties which could be used to offset net Derivative assets at June 30, 2025 and there were none at December 31, 2024.  Such balances of letters of credit are excluded from the tables below and are not netted with the recognized assets and liabilities in DTE Energy's Consolidated Statements of Financial Position.For contracts with certain clearing agents, the fair value of derivative instruments is netted against realized positions with the net balance reflected as either 1) a Derivative asset or liability or 2) an Account receivable or payable.  Other than certain clearing agents, Accounts receivable and Accounts payable that are subject to netting arrangements have not been offset against the fair value of Derivative assets and liabilities.The following table presents net cash collateral offsetting arrangements for DTE Energy:June 30, 2025December 31, 2024(In millions)Cash collateral netted against Derivative assets$(41)$(17)Cash collateral recorded in Accounts receivable(a)30 29 Cash collateral recorded in Accounts payable(a)(13)(5)Total net cash collateral posted (received)$(24)$7 _______________________________________(a)Amounts are recorded net by counterparty.

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Table of ContentsDTE Energy Company — DTE Electric CompanyCombined Notes to Consolidated Financial Statements (Unaudited) — (Continued)

The following table presents the netting offsets of Derivative