Company: DTK
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000936340-25-000182
Chunk: 96

Company: DTE ENERGY CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 96
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 while assets contributed within a multiple-employer plan are restricted for use by the contributing employer.As a result of multiemployer accounting treatment, capitalized costs associated with these plans are reflected in Property, plant, and equipment in DTE Electric's Consolidated Statements of Financial Position.  The same capitalized costs are reflected as Regulatory assets and liabilities in DTE Energy's Consolidated Statements of Financial Position.DTE Energy's subsidiaries are responsible for their share of qualified and non-qualified pension benefit costs.  DTE Electric's allocated portion of pension benefit costs included in regulatory assets and liabilities, operation and maintenance expense, and capital expenditures was $13 million and $27 million for the three and six months ended June 30, 2025, respectively, and credits of $2 million and $3 million for the three and six months ended June 30, 2024, respectively.  These amounts may include recognized contractual termination benefit charges, curtailment gains, and settlement charges.

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

The following table details the components of net periodic benefit costs (credits) for other postretirement benefits for DTE Electric:Three Months Ended June 30,Six Months Ended June 30,2025202420252024(In millions)Service cost$3 $4 $6 $7 Interest cost11 12 23 24 Expected return on plan assets(19)(19)(38)(39)Amortization of:Net actuarial gain— — (1)— Prior service credit— (3)— (4)Net periodic benefit credit$(5)$(6)$(10)$(12)Pension and Other Postretirement ContributionsNo contributions are currently expected for DTE Energy's postretirement benefit plans in 2025, and contributions to the qualified pension plans are expected to be nominal.  Plans may be updated at the discretion of management and depending on economic and financial market conditions.  DTE Energy anticipates a transfer of up to $25 million of non-represented qualified pension plan funds from DTE Gas to DTE Electric during 2025 in exchange for cash consideration.

NOTE 14 — SEGMENT AND RELATED INFORMATION

DTE Energy sets strategic goals, allocates resources, and evaluates performance based on the four reportable segments below.  DTE Electric is a standalone registrant with one reportable segment.Electric segment consists principally