Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 74

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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 & Other(52)52 — (44)44 — Foreign currency exchange contracts(1)— (1)(1)— (1)Total derivative liabilities$(758)$538 $(220)$(605)$430 $(175)_______________________________________(a)For contracts with a clearing agent, DTE Energy nets all activity across commodities.  This can result in some individual commodities having a contra balance.The following table presents the netting offsets of Derivative assets and liabilities showing the reconciliation of derivative instruments to DTE Energy's Consolidated Statements of Financial Position:March 31, 2025December 31, 2024Derivative AssetsDerivative LiabilitiesDerivative AssetsDerivative LiabilitiesCurrentNoncurrentCurrentNoncurrentCurrentNoncurrentCurrentNoncurrent(In millions)Total fair value of derivatives$607 $230 $(546)$(212)$488 $206 $(441)$(164)Counterparty netting(401)(137)401 137 (323)(107)323 107 Collateral adjustment(46)(15)— — (3)(14)— — Total derivatives as reported$160 $78 $(145)$(75)$162 $85 $(118)$(57)

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

The effect of derivatives not designated as hedging instruments on DTE Energy's Consolidated Statements of Operations is as follows:Location of Gain (Loss) Recognized in Income on DerivativesGain (Loss) Recognized in Income on Derivatives for the Three Months Ended March 31,20252024(In millions)Commodity contractsNatural gasOperating Revenues — Non-utility operations$94 $(69)Natural gasFuel, purchased power, gas, and other — non-utility(100)59 ElectricityOperating Revenues — Non-utility operations45 (5)Environmental & OtherOperating Revenues — Non-utility operations9 (7)Foreign currency exchange contractsOperating Revenues — Non-utility operations— 2 Total$48 $(20)Revenues and energy costs related to trading contracts are presented on a net basis in DTE Energy's Consolidated Statements of Operations.  Commodity derivatives used for trading purposes, and financial non-trading commodity derivatives, are accounted for using the MTM method with unrealized and realized gains and losses recorded in Operating Revenues —