Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 97

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 97
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 expenses, and other income and deductions that are eliminated in the Consolidated Financial Statements.

Three Months Ended March 31,20252024(In millions)Net Income (Loss) Attributable to DTE EnergyElectric segment$123 $171 Gas segment206 154 DTE Vantage segment39 8 Energy Trading segment67 1 Corporate and Other10 (21)Net Income Attributable to DTE Energy Company$445 $313 

ELECTRIC SEGMENT

The Results of Operations discussion for DTE Electric is presented in a reduced disclosure format in accordance with General Instruction H(2) of Form 10-Q.

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

Three Months Ended March 31,20252024(In millions)Operating RevenuesUtility operations$1,454 $1,466 Non-utility operations5 4 1,459 1,470 Operating ExpensesFuel and purchased power — utility410 367 Operation and maintenance345 384 Depreciation and amortization382 353 Taxes other than income94 84 1,231 1,188 Operating Income228 282 Other (Income) and Deductions108 93 Income Tax Expense (Benefit)(3)18 Net Income Attributable to DTE Energy Company$123 $171 

See DTE Electric's Consolidated Statements of Operations for a complete view of its results.  Differences between the Electric segment and DTE Electric's Consolidated Statements of Operations are primarily due to non-utility operations at DTE Sustainable Generation (some of which includes intra-segment activity that is eliminated in consolidation) and the classification of certain benefit costs.  Refer to Note 13 to the Consolidated Financial Statements, "Retirement Benefits and Trusteed Assets" for additional information.

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Operating Revenues decreased $11 million in the three months ended March 31, 2025.  Revenues associated with certain mechanisms and surcharges, including recovery of fuel and purchased power, are offset by related expenses elsewhere in the Registrants' Consolidated Statements of Operations.  The decrease was due to the following:

Three Months(In millions)Regulatory Mechanism — RPS(a)$(124)Base sales(22)Power Supply Cost Recovery(b)(8)Rate mix11 Implementation of new rates28 Weather53 Interconnection sales53 Other regulatory mechanisms and other(2)$(11)

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