Company: DTK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000936340-25-000223
Chunk: 69

Company: DTE ENERGY CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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 30, 2025 and 2024, respectively, and $23 million and $11 million for the nine months ended September 30, 2025 and 2024, respectively.(b)Includes revenue adjustments related to various regulatory mechanisms, including the PSCR at the Electric segment and GCR at the Gas segment.  Revenues related to these mechanisms may vary based on changes in the cost of fuel, purchased power, and gas. Revenues included the following which were outside the scope of Topic 606:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(In millions)Electric — Alternative Revenue Programs$— $— $1 $— Electric — Other revenues $7 $11 $17 $20 Gas — Alternative Revenue Programs$— $1 $— $9 Gas — Other revenues$2 $3 $9 $9 DTE Vantage — Leases$17 $19 $46 $45 Energy Trading — Derivatives$778 $536 $3,243 $1,781 

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

Deferred RevenueThe following is a summary of deferred revenue activity for DTE Energy:Nine Months Ended September 30,20252024(In millions)Beginning Balance, January 1$138 $106 Increases due to cash received or receivable, excluding amounts recognized as revenue during the period180 143 Revenue recognized that was included in the deferred revenue balance at the beginning of the period(53)(34)Ending Balance, September 30$265 $215 Non-current deferred revenues are included in Other Liabilities — Other on DTE Energy's Consolidated Statements of Financial Position.  Deferred revenues generally represent amounts paid by or receivables from customers for which the associated performance obligation has not yet been satisfied.  Deferred revenues include amounts associated with REC performance obligations under certain wholesale full requirements power contracts.  Deferred revenues related to RECs are recognized as revenue when control of the RECs has transferred.  Other performance obligations associated with deferred revenues include providing products and services related to customer prepayments.  Deferred revenues associated with these products and services are recognized when control has transferred to the customer.The following table represents deferred revenue amounts for DTE Energy that are expected to be recognized as revenue in future periods:D