Company: DTK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000936340-25-000223
Chunk: 123

Company: DTE ENERGY CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 123
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 4 Higher prices in the On-site business— 8 Higher (lower) sales in the Renewables business(5)30 $(27)$(35)

Fuel, purchased power, and gas — non-utility expense decreased $12 million and $25 million in the three and nine months ended September 30, 2025, respectively.  The decrease in both periods was due to the following:

Three MonthsNine Months(In millions)Lower demand and prices in the Steel business$(12)$(58)New project in the On-site business— 1 Higher prices in the On-site business1 7 Higher (lower) sales in the Renewables business(1)25 $(12)$(25)

Operation and maintenance expense increased $2 million and decreased $1 million in the three and nine months ended September 30, 2025, respectively.  The increase in the third quarter was primarily due to estimated litigation penalties in the Steel business of $8 million, partially offset by lower costs in the Renewables business of $3 million and Steel business of $2 million.  The decrease in the nine-month period was primarily due to lower costs in the Renewables business of $9 million, partially offset by the estimated litigation penalties in the Steel business of $8 million as mentioned above.

Taxes other than income expense increased $2 million and $5 million in the three and nine months ended September 30, 2025, respectively.  The increase in both periods was primarily due to higher property taxes associated with a new project in the On-site business.

Asset (gains) losses and impairments, net increased $3 million and $2 million in the three and nine months ended September 30, 2025, respectively.  The increase in both periods was primarily due to storm related property loss in the Renewables business of $3 million.

Other (Income) and Deductions decreased $4 million and $10 million in the three and nine months ended September 30, 2025, respectively.  The decrease in the third quarter was primarily due to lower equity earnings in the Renewables business of $7 million, partially offset by lower net interest expense of $3 million.  The decrease in the nine-month period was primarily due to a prior year gain in the Renewables business of $25 million attributed to the sale of a partnership interest and higher interest expense of $2 million, partially offset by higher interest income of $11 million primarily associated with a new project in the On-site business