Company: DTK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000936340-25-000223
Chunk: 212

Company: DTE ENERGY CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 212
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 focus on customers by increasing reliability and satisfaction while working to keep customer rate increases affordable.  Looking forward, additional factors may impact earnings such as weather, the outcome of regulatory proceedings, uncertainty of legislative or regulatory actions regarding environmental compliance, and effects of energy waste reduction programs.

DTE Electric filed a rate case with the MPSC on April 24, 2025 requesting an increase in base rates of $574 million based on a projected twelve-month period ending December 31, 2026, and an increase in return on equity from 9.9% to 10.75%.  The requested increase in base rates was primarily due to capital investments required to support continued reliability improvements and the ongoing transition to cleaner energy.  A final MPSC order in this case is expected in February 2026.

In October 2025, DTE Electric entered into a 1.4 gigawatt data center agreement.  Capital investments required to support this agreement are included in DTE Electric's 5-year capital investment plan in the "Capital Investments" section above.  DTE Electric is targeting regulatory approvals to be complete by year-end 2025.

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GAS SEGMENT

The Gas segment consists principally of DTE Gas.  Gas results and outlook are discussed below:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(In millions)Operating Revenues — Utility operations$209 $230 $1,401 $1,230 Operating ExpensesCost of gas — utility5 17 381 316 Operation and maintenance142 125 447 389 Depreciation and amortization59 57 168 166 Taxes other than income27 25 97 89 233 224 1,093 960 Operating Income (Loss)(24)6 308 270 Other (Income) and Deductions27 24 82 70 Income Tax Expense (Benefit)(13)(5)52 47 Net Income (Loss) Attributable to DTE Energy Company$(38)$(13)$174 $153 

Operating Revenues — Utility operations decreased $21 million and increased $171 million in the three and nine months ended September 30, 2025, respectively.  Revenues associated with certain mechanisms and surcharges, including recovery of the cost of gas, are offset by related expenses elsewhere in DTE Energy's Consolidated Statements of Operations.  The change in both periods was due