Company: DTK
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000936340-25-000182
Chunk: 141

Company: DTE ENERGY CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 141
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TE Energy Company — DTE Electric CompanyCombined Notes to Consolidated Financial Statements (Unaudited) — (Continued)

Income TaxesTax rates are affected by estimated annual permanent items, production and investment tax credits, regulatory adjustments, and discrete items that may occur in any given period, but are not consistent from period to period.  The tables below summarize how the Registrants' effective income tax rates have varied from the statutory federal income tax rate:Three Months Ended June 30,Six Months Ended June 30,2025202420252024DTE EnergyStatutory federal income tax rate21.0 %21.0 %21.0 %21.0 %Increase (decrease) due to:State and local income taxes, net of federal benefit4.2 3.9 4.2 4.0 Investment tax credits(13.7)(2.7)(13.2)(2.9)Production tax credits(10.2)(7.1)(10.4)(7.7)TCJA regulatory liability amortization(4.8)(4.2)(4.6)(4.5)AFUDC equity(2.0)(1.0)(1.6)(1.1)Enactment of Illinois income tax legislation, net of federal benefit5.9 — 2.1 — Other— 0.2 (0.1)(0.6)Effective income tax rate0.4 %10.1 %(2.6)%8.2 %Three Months Ended June 30,Six Months Ended June 30,2025202420252024DTE ElectricStatutory federal income tax rate21.0 %21.0 %21.0 %21.0 %Increase (decrease) due to:State and local income taxes, net of federal benefit5.6 5.3 5.6 5.3 Investment tax credits(16.3)(0.2)(16.2)(0.2)Production tax credits(6.6)(8.4)(6.8)(8.9)TCJA regulatory liability amortization(4.7)(4.4)(4.6)(4.6)AFUDC equity(2.1)(1.2)(2.0)(1.3)Other(0.3)(0.2)(0.3)(0.3)Effective income tax