Company: DTK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000936340-25-000223
Chunk: 61

Company: DTE ENERGY CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 61
---
 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 September 30,Nine Months Ended September 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 5.0 4.2 4.3 Investment tax credits(13.2)(34.2)(13.5)(13.6)Production tax credits(10.8)(17.2)(10.6)(10.9)TCJA regulatory liability amortization(4.7)(6.2)(4.6)(5.1)AFUDC equity(1.4)(1.6)(1.5)(1.3)Enactment of Illinois income tax legislation, net of federal benefit— — 1.3 — Valuation allowance due to enactment of federal income tax legislation4.0 — 1.6 — Other(0.4)(0.6)— (0.5)Effective income tax rate(1.3)%(33.8)%(2.1)%(6.1)%Three Months Ended September 30,Nine Months Ended September 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 6.2 5.6 5.7 Investment tax credits(15.6)(28.7)(15.9)(11.7)Production tax credits(6.6)(19.3)(6.7)(13.1)TCJA regulatory liability amortization(4.6)(6.4)(4.6)(5.3)AFUDC equity(1.8)(1.9)(1.9)(1.6)Other(0.8)(0.5)(0.5)(0.3)Effective income tax rate(2.8)%(29.6)%(3