Company: DTK
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000936340-25-000065
Chunk: 42

Company: DTE ENERGY CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1
Chunk 42
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 and the loss of any one or a few customers would not have a material adverse effect on the results of DTE Electric.

The Electric segment also includes non-utility operations relating to renewable energy projects at DTE Sustainable Generation, which were acquired to support DTE Energy's renewable energy goals.

For a summary of Electric segment operating revenues by service, see Note 4 to the Consolidated Financial Statements, "Revenue."

Fuel Supply and Purchased Power

DTE Electric's power is generated primarily from a variety of fuels and is supplemented with renewable generation and purchased power.  DTE Electric expects to have an adequate supply of power to meet its obligation to serve customers.  DTE Electric's generating capability is largely dependent upon the availability of coal and natural gas.

Coal is purchased from various sources in different geographic areas under agreements that vary in both pricing and terms.  DTE Electric expects to obtain the majority of its coal requirements through long-term contracts, with the balance to be obtained through short-term agreements and spot purchases.  DTE Electric has long-term and short-term contracts for the purchase of approximately 7.5 million tons of low-sulfur western coal and approximately 1.2 million tons of Appalachian coal to be delivered from 2025 to 2026.  All of these contracts have pricing schedules.  DTE Electric has 100% of its expected coal requirements under contract for 2025.  DTE Electric leases a fleet of rail cars and has the expected western and eastern coal rail requirements under multi-year contracts.  DTE Electric's 2025 rail transportation is covered under long-term agreements.  DTE Electric expects to cover all of its 2025 vessel transportation requirements for delivery of purchased coal to electric generating facilities through existing agreements.

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DTE Electric's natural gas supply requirements are expected to be met through a combination of short and long-term agreements, agreements with local distribution companies, and spot market purchases.  Natural gas purchase requirements for 2025 are expected to be approximately 80 Bcf.  DTE Electric has contracts for firm gas transportation and storage capacity to ensure reliable and flexible gas supply to its power plants.  Given the geographic diversity of supply, DTE Electric believes it can meet its expected generation requirements.

DTE Electric participates in the energy market through MISO.  DTE Electric offers its generation in the market on a day-ahead and real-time basis and bids for power in the market to serve its load.  DTE Electric is a net purchaser of power