Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 54

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 54
---
 quantitative threshold.  Income taxes paid must be similarly disaggregated by federal, state and foreign based on quantitative threshold.  The ASU is effective for the Registrants for annual periods beginning after December 15, 2024.  The guidance shall be applied on a prospective basis with the option to apply retrospectively.  Early adoption is permitted.  The Registrants will apply the guidance beginning with the combined DTE Energy and DTE Electric Annual Report on Form 10-K for the year ended December 31, 2025.In November 2024, the FASB issued ASU No. 2024-03, Income Statement-Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-04): Disaggregation of Income Statement Expenses, as amended.  The amendments in this update require disaggregated disclosure of income statement expense captions into specified categories in disclosures within the footnotes to the financial statements.  The ASU is effective for the registrants for annual reporting periods beginning after December 15, 2026, and for interim reporting periods beginning after December 15, 2027.  The guidance may be applied on a prospective or retrospective basis.  Early adoption is permitted.  The Registrants will apply the guidance upon the effective date.

NOTE 4 — REVENUE

Disaggregation of RevenueThe following is a summary of revenues disaggregated by segment for DTE Energy:Three Months Ended March 31,20252024(In millions)Electric(a)Residential$720 $700 Commercial529 556 Industrial160 183 Other(b)50 31 Total Electric operating revenues$1,459 $1,470 GasGas sales$692 $565 End User Transportation91 82 Intermediate Transportation31 29 Other(b)62 35 Total Gas operating revenues$876 $711 Other segment operating revenuesDTE Vantage$188 $184 Energy Trading$2,026 $933 _______________________________________(a)Revenues generally represent those of DTE Electric, except $5 million and $4 million of Other revenues related to DTE Sustainable Generation for the three months ended March 31, 2025 and 2024, respectively.(b)Includes revenue adjustments related to various regulatory mechanisms, including the PSCR at the Electric segment and GCR at the Gas segment.  Revenues related to these mechanisms may vary based on changes in the cost of fuel, purchased power, and gas. 

24