Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 168

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 168
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 segments detailed above and decide how to allocate resources based on Net Income (Loss) Attributable to DTE Energy Company and monitoring budget versus actual results.  The accounting policies of the segments are the same as those described in the summary of significant accounting policies.Inter-segment billing for goods and services exchanged between segments is based upon tariffed or market-based prices of the provider.  Such billing primarily consists of power sales, sale and transportation of natural gas, and renewable natural gas sales in the segments below, as well as charges from Electric to other segments for use of the shared capital assets of DTE Electric.Three Months Ended March 31,20252024(In millions)Electric segment(a)$19 $18 Gas segment4 4 DTE Vantage segment40 11 Energy Trading segment46 25 $109 $58 _______________________________________(a)Inter-segment billing for the Electric segment relating to Non-utility operations includes $1 million for both the three months ended March 31, 2025 and 2024.All inter-segment transactions and balances are eliminated in consolidation for DTE Energy.  Centrally incurred costs such as labor and overheads are assigned directly to DTE Energy's business segments or allocated based on various cost drivers, depending on the nature of service provided.

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

The federal income tax provisions or benefits of DTE Energy’s subsidiaries are determined on an individual company basis and recognize the tax benefit of tax credits and net operating losses, if applicable.  The state and local income tax provisions of the utility subsidiaries are also determined on an individual company basis and recognize the tax benefit of various tax credits and net operating losses, if applicable.  The subsidiaries record federal, state, and local income taxes payable to or receivable from DTE Energy based on the federal, state, and local tax provisions of each company.The Reclassifications and Eliminations group below also includes the reclassification of deferred tax assets and prepaid pension assets, which are netted against deferred tax liabilities and accrued pension liabilities, respectively, for presentation on the DTE Energy Consolidated Statements of Financial Position.Profit (loss) financial data of DTE Energy's business segments follows:Electric(a)GasDTE VantageEnergy TradingTotal Reportable SegmentsCorporate and OtherReclassificationsandEliminationsTotal(In millions)Three months ended March 31, 2025