Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 78

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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 The amounts outstanding under demand financing agreements were $27 million and $49 million at March 31, 2025 and December 31, 2024, respectively, and were fully offset by posted collateral.

NOTE 11 — LEASES

LessorDTE Energy’s lease income associated with operating leases, included in Operating Revenues — Non-utility operations in the Consolidated Statements of Operations, was as follows:Three Months Ended March 31,20252024(In millions)Fixed payments$4 $4 Variable payments11 10 $15 $14 

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

NOTE 12 — COMMITMENTS AND CONTINGENCIES

EnvironmentalDTE ElectricAir — DTE Electric is subject to the EPA ozone and fine particulate transport and acid rain regulations that limit power plant emissions of SO2 and NOX.  The EPA and the state of Michigan have also issued emission reduction regulations relating to ozone, fine particulate, regional haze, mercury, and other air pollution.  These rules have led to controls on fossil-fueled power plants to reduce SO2, NOX, mercury, and other emissions.  Additional rule making may occur over the next few years which could require additional controls for SO2, NOX, and other hazardous air pollutants.In March 2024, the EPA finalized the NAAQS for fine particulate matter, particles of pollution with diameters generally 2.5 micrometers and smaller (PM2.5).  It is likely that areas of Michigan in which DTE Electric operates will be designated as non-attainment in the future and the state will be required to develop a SIP for such areas.  No impact is expected in the near term, and any long-term financial impacts cannot be assessed at this time.In April 2024, the EPA finalized new rules to address emissions of GHGs from existing, new, modified, or reconstructed sources in the power sector.  The new rules may impact future electric generation plans that will be defined in DTE Electric's next Integrated Resource Plan filing.  Challenges to the rules have been filed, and DTE Electric will continue to monitor regulatory developments.  The financial impacts of the new rules are still being assessed.Pending or future legislation or other regulatory actions could have a material impact on DTE Electric's operations and financial position and the rates charged to its customers.  Potential impacts include