Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 55

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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Table of ContentsDTE Energy Company — DTE Electric CompanyCombined Notes to Consolidated Financial Statements (Unaudited) — (Continued)

Revenues included the following which were outside the scope of Topic 606:Three Months Ended March 31,20252024(In millions)Electric — Alternative Revenue Programs$1 $— Electric — Other revenues $5 $4 Gas — Alternative Revenue Programs$— $6 Gas — Other revenues$3 $2 DTE Vantage — Leases$15 $14 Energy Trading — Derivatives$1,499 $659 Deferred RevenueThe following is a summary of deferred revenue activity for DTE Energy:Three Months Ended March 31,20252024(In millions)Beginning Balance, January 1$138 $106 Increases due to cash received or receivable, excluding amounts recognized as revenue during the period51 35 Revenue recognized that was included in the deferred revenue balance at the beginning of the period(43)(25)Ending Balance, March 31$146 $116 Deferred revenues are included in Current Liabilities — Other and Other Liabilities — Other on DTE Energy's Consolidated Statements of Financial Position.  Deferred revenues generally represent amounts paid by or receivables from customers for which the associated performance obligation has not yet been satisfied.  Deferred revenues include amounts associated with REC performance obligations under certain wholesale full requirements power contracts.  Deferred revenues related to RECs are recognized as revenue when control of the RECs has transferred.  Other performance obligations associated with deferred revenues include providing products and services related to customer prepayments.  Deferred revenues associated with these products and services are recognized when control has transferred to the customer.The following table represents deferred revenue amounts for DTE Energy that are expected to be recognized as revenue in future periods:DTE Energy(In millions)2025$129 202616 20271 2028— 2029— 2030 and thereafter— $146 Transaction Price Allocated to the Remaining Performance ObligationsIn accordance with optional exemptions available under Topic 606, the Registrants did not disclose the value of unsatisfied performance obligations for (1) contracts with an original expected length of one year or less, (2) with the exception of fixed consideration, contracts for which revenue is recognized at the amount to which the Registrants have the right to invoice for goods provided and services performed, and (3) contracts for which variable consideration relates entirely to an unsatisfied performance obligation