Company: DTK
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000936340-25-000182
Chunk: 158

Company: DTE ENERGY CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 158
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Total gains (losses) included in Regulatory liabilities attributed to the change in unrealized gains (losses) related to assets and liabilities held at June 30$— $— $30 $30 $— $— $28 $28 _______________________________________(a)Amounts are reflected in Operating Revenues — Non-utility operations and Fuel, purchased power, gas, and other — non-utility in DTE Energy's Consolidated Statements of Operations.The following table presents the fair value reconciliation of Level 3 assets and liabilities measured at fair value on a recurring basis for DTE Electric:Three Months Ended June 30,Six Months Ended June 30,2025202420252024(In millions)Net Assets as of beginning of period$3 $3 $9 $7 Total gains recorded in Regulatory liabilities28 30 26 27 Purchases, issuances, and settlementsSettlements(1)(5)(5)(6)Net Assets as of June 30$30 $28 $30 $28 Total gains (losses) included in Regulatory liabilities attributed to the change in unrealized gains (losses) related to assets and liabilities held at June 30$30 $28 $30 $28 Derivatives are transferred between levels primarily due to changes in the source data used to construct price curves as a result of changes in market liquidity.  Transfers in and transfers out are reflected as if they had occurred at the beginning of the period.  There were no transfers from or into Level 3 for DTE Electric during the six months ended June 30, 2025 and 2024.

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

The following tables present the unobservable inputs related to DTE Energy's Level 3 assets and liabilities:June 30, 2025Commodity ContractsDerivative AssetsDerivative LiabilitiesValuation TechniquesUnobservable InputRangeWeighted Average(In millions)Natural Gas$95 $(104)Discounted Cash FlowForward basis price (per MMBtu)$(1.60)—$2.58 /MMBtu$(0.19)/MMBtuElectricity$40 $(48)Discounted Cash FlowForward basis price (per MWh)$(18.45)—$18.15 /MWh$(4.25)/MWh