Company: DTK
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000936340-25-000065
Chunk: 110

Company: DTE ENERGY CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 110
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 by increasing reliability and satisfaction while working to keep customer rate increases affordable.  Looking forward, additional factors may impact earnings such as weather, the outcome of regulatory proceedings, uncertainty of legislative or regulatory actions regarding environmental compliance, and effects of energy waste reduction programs.

GAS SEGMENT

The Gas segment consists principally of DTE Gas.  Gas results and outlook are discussed below:

202420232022(In millions)Operating Revenues — Utility operations$1,798 $1,748 $1,924 Operating ExpensesCost of gas — utility484 469 632 Operation and maintenance535 488 552 Depreciation and amortization221 209 192 Taxes other than income118 108 101 Asset (gains) losses and impairments, net6 — — 1,364 1,274 1,477 Operating Income434 474 447 Other (Income) and Deductions100 87 87 Income Tax Expense77 93 88 Net Income Attributable to DTE Energy Company$257 $294 $272 

Operating Revenues — Utility operations increased $50 million in 2024 and decreased $176 million in 2023.  Revenues associated with certain mechanisms and surcharges, including recovery of the cost of gas, are offset by related expenses elsewhere in DTE Energy's Consolidated Statements of Operations.  The change in both periods was due to the following:

20242023(In millions)Infrastructure recovery mechanism$25 $39 Implementation of new rates19 — Gas Cost Recovery15 (161)Midstream storage and transportation revenues10 3 Home Protection Program5 5 Regulatory mechanism — EWR2 4 Voluntary refund(5)10 Base sales(10)7 Weather(14)(85)Other3 2 $50 $(176)

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Revenue results are impacted by changes in sales volumes, which are summarized in the table below:

202420232022(In Bcf)Gas MarketsGas sales125 129 145 End-user transportation167 174 168 292 303 313 Intermediate transportation517 541 527 Total Gas sales809 844 840 

The change in sales in 2024 was primarily due to unfavorable weather.  The change in sales in 2023 was primarily due to unfavorable weather.  Intermediate transportation volumes fluctuate period to period based on available market opportunities.

Cost of gas — utility expense