Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 122

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 122
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TE EnergyNote 7Fair ValueDTE Energy and DTE ElectricNote 8Financial and Other Derivative InstrumentsDTE Energy and DTE ElectricNote 9Long-Term DebtDTE Energy and DTE ElectricNote 10Short-Term Credit Arrangements and BorrowingsDTE Energy and DTE ElectricNote 11LeasesDTE EnergyNote 12Commitments and ContingenciesDTE Energy and DTE ElectricNote 13Retirement Benefits and Trusteed AssetsDTE Energy and DTE ElectricNote 14Segment and Related InformationDTE Energy and DTE Electric

NOTE 1 — ORGANIZATION AND BASIS OF PRESENTATION

Corporate StructureDTE Energy owns the following businesses:•DTE Electric is a public utility engaged in the generation, purchase, distribution, and sale of electricity to approximately 2.3 million customers in southeastern Michigan•DTE Gas is a public utility engaged in the purchase, storage, transportation, distribution, and sale of natural gas to approximately 1.3 million customers throughout Michigan and the sale of storage and transportation capacity•Other businesses include 1) DTE Vantage, which is primarily involved in renewable natural gas projects and providing custom energy solutions to industrial, commercial, and institutional customers, and 2) energy marketing and trading operationsDTE Electric and DTE Gas are regulated by the MPSC.  Certain activities of DTE Electric and DTE Gas, as well as various other aspects of businesses under DTE Energy, are regulated by the FERC.  In addition, the Registrants are regulated by other federal and state regulatory agencies including the NRC, the EPA, EGLE, and for DTE Energy, the CFTC and CARB.Basis of PresentationThe Consolidated Financial Statements should be read in conjunction with the Combined Notes to Consolidated Financial Statements included in the combined DTE Energy and DTE Electric 2024 Annual Report on Form 10-K.The accompanying Consolidated Financial Statements of the Registrants are prepared using accounting principles generally accepted in the United States of America.  These accounting principles require management to use estimates and assumptions that impact reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities.  Actual results may differ from the Registrants' estimates.The Consolidated Financial Statements are unaudited but, in the Registrants' opinions, include all adjustments necessary to present a fair statement of the results for the interim periods.  All adjustments are of a normal recurring nature, except as otherwise disclosed in these