Company: DTK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000936340-25-000223
Chunk: 88

Company: DTE ENERGY CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 88
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300)$428 $(410)Electricity191 (163)187 (150)Environmental & Other74 (41)58 (44)Foreign currency exchange contracts— — 1 — Total derivatives not designated as hedging instruments$609 $(504)$674 $(604)Current$420 $(348)$488 $(441)Noncurrent189 (157)206 (164)Total derivatives$609 $(505)$694 $(605)The fair value of derivative instruments at DTE Electric was $18 million and $9 million at September 30, 2025 and December 31, 2024, respectively, comprised of FTRs recorded to Current Assets — Other on the Consolidated Statements of Financial Position and not designated as hedging instruments.Certain of DTE Energy's derivative positions are subject to netting arrangements which provide for offsetting of asset and 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 September 30, 2025 and December 31, 2024, which could be used to offset net Derivative liabilities.  There were $9 million letters of credit received from third parties which could be used to offset net Derivative assets at September 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