Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 50

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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3 Investment tax credits(16.6)(0.2)Production tax credits(7.0)(9.7)TCJA regulatory liability amortization(4.6)(5.1)AFUDC equity(1.8)(1.5)Other0.4 (0.2)Effective income tax rate(2.9)%9.6 %DTE Electric had federal income tax payables with DTE Energy of $12 million at March 31, 2025.  Income tax payables with DTE Energy are included in Accounts payable — Affiliates on the DTE Electric Consolidated Statements of Financial Position.  DTE Electric had state income tax receivables with DTE Energy of $1 million at March 31, 2025 and federal income tax receivables with DTE Energy of $5 million at December 31, 2024.  Income tax receivables with DTE Energy are included in Accounts receivable — Affiliates on the DTE Electric Consolidated Statements of Financial Position.Unrecognized Compensation CostsAs of March 31, 2025, DTE Energy had $98 million of total unrecognized compensation cost related to non-vested stock incentive plan arrangements.  That cost is expected to be recognized over a weighted-average period of 2.2 years.Allocated Stock-Based CompensationDTE Electric received an allocation of costs from DTE Energy associated with stock-based compensation of $10 million and $8 million for the three months ended March 31, 2025 and 2024, respectively.Cash, Cash Equivalents, and Restricted CashCash and cash equivalents include cash on hand, cash in banks, and temporary investments purchased with maturities of three months or less.  Restricted cash includes funds held in separate bank accounts and principally consists of amounts at DTE Securitization I and DTE Securitization II to pay for debt service and other qualified costs.  Restricted cash also consists of funds held to satisfy contractual obligations related to a large construction project at DTE Vantage.  Restricted cash designated for payments within one year is classified as a Current Asset.

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

Financing ReceivablesFinancing receivables are primarily composed of trade receivables, notes receivable, and unbilled revenue.  The Registrants' financing receivables are stated at net