Company: DTK
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000936340-25-000182
Chunk: 5

Company: DTE ENERGY CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 5
---
 and DTE Electric's Consolidated Statements of Operations are primarily due to non-utility operations at DTE Sustainable Generation (some of which includes intra-segment activity that is eliminated in consolidation) and the classification of certain benefit costs.  Refer to Note 13 to the Consolidated Financial Statements, "Retirement Benefits and Trusteed Assets" for additional information.

57

Operating Revenues increased $70 million and $59 million in the three and six months ended June 30, 2025, respectively.  Revenues associated with certain mechanisms and surcharges, including recovery of fuel and purchased power, are offset by related expenses elsewhere in the Registrants' Consolidated Statements of Operations.  The increase in both periods was due to the following:

Three MonthsSix Months(In millions)Interconnection sales$61 $114 Implementation of new rates54 82 Rate mix14 25 Weather(31)22 Power Supply Cost Recovery(a)(19)(27)Base sales(17)(39)Regulatory Mechanism — RPS(b)2 (122)Other regulatory mechanisms and other6 4 $70 $59 

______________________________

(a)For the six months ended June 30, 2025, the variance includes an MPSC disallowance of $28 million resulting from an order in DTE Electric's 2022 PSCR reconciliation case.  The disallowance reduced the amount of power supply costs recoverable from customers, which had a flow-through impact of approximately $5 million higher interest expense recorded separately to Other (Income) and Deductions.

(b)For the six months ended June 30, 2025, the change is primarily driven by the impact of solar ITCs recognized for assets placed in service in the first quarter.  This impact is offset in Income Tax Expense (Benefit) throughout 2025.

Revenue results are impacted by changes in sales volumes, which are summarized in the table below:

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(In thousands of MWh)DTE Electric SalesResidential3,577 3,660 7,237 7,151 Commercial3,912 4,031 7,798 7,925 Industrial2,051 2,203 4,104 4,314 Other42 43 95 97 9,582 9,937 19,234 19,487 Interconnection sales3,083