Company: DTK
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000936340-25-000182
Chunk: 64

Company: DTE ENERGY CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 64
---
 and may affect the valuation of the asset or liability and its placement within the fair value hierarchy.  The Registrants classify fair value balances based on the fair value hierarchy defined as follows:•Level 1 — Consists of unadjusted quoted prices in active markets for identical assets or liabilities that the Registrants have the ability to access as of the reporting date.•Level 2 — Consists of inputs other than quoted prices included within Level 1 that are directly observable for the asset or liability or indirectly observable through corroboration with observable market data.•Level 3 — Consists of unobservable inputs for assets or liabilities whose fair value is estimated based on internally developed models or methodologies using inputs that are generally less readily observable and supported by little, if any, market activity at the measurement date.  Unobservable inputs are developed based on the best available information and subject to cost-benefit constraints.

29

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

The following table presents assets and liabilities for DTE Energy measured and recorded at fair value on a recurring basis:June 30, 2025December 31, 2024Level1Level2Level3Other(a)Netting(b)Net BalanceLevel1Level2Level3Other(a)Netting(b)Net Balance(In millions)AssetsCash equivalents(c)$9 $— $— $— $— $9 $11 $— $— $— $— $11 Nuclear decommissioning trustsEquity securities921 — — 159 — 1,080 856 — — 147 — 1,003 Fixed income securities121 431 — 107 — 659 124 414 — 112 — 650 Private equity and other15 — — 331 — 346 16 — — 333 — 349 Hedge funds and similar investments218 17 — — — 235 151 16 — 61 — 228 Cash equivalents25 — — — — 25 26 — — — — 26 Other investments(d)Equity securities75 — — — — 75 72 — — — — 72 Fixed income securities8 — — —