Company: DTK
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000936340-25-000182
Chunk: 84

Company: DTE ENERGY CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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.48 to 1, respectively, and were in compliance with this financial covenant.

42

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

The availability under these facilities as of June 30, 2025 is shown in the following table:DTE EnergyDTE ElectricDTE GasTotal(In millions)Unsecured revolving credit facility, expiring October 2029$1,500 $800 $300 $2,600 Unsecured letter of credit facility, expiring June 2026(a)150 — — 150 Unsecured letter of credit facility, expiring February 2027150 — — 150 Unsecured letter of credit facility, expiring June 2027100 — — 100 Unsecured letter of credit facility(b)50 — — 50 Unsecured letter of credit facility(c)— 150 — 150 1,950 950 300 3,200 Amounts outstanding at June 30, 2025Commercial paper issuances— 597 — 597 Letters of credit165 137 — 302 165 734 — 899 Net availability at June 30, 2025$1,785 $216 $300 $2,301 _______________________________________(a)Uncommitted letter of credit facility.(b)Uncommitted letter of credit facility with automatic renewal provision and therefore no expiration.(c)Uncommitted letter of credit facility with automatic renewal provision and therefore no expiration.  DTE Energy may also utilize availability under this facility.In conjunction with maintaining certain exchange-traded risk management positions, DTE Energy may be required to post collateral with a clearing agent.  DTE Energy has a demand financing agreement with its clearing agent, which allows the right of setoff with posted collateral.  At June 30, 2025, the capacity under the facility was $200 million.  The amounts outstanding under demand financing agreements were $102 million and $49 million at June 30, 2025 and December 31, 2024, respectively, and were fully offset by posted collateral.

NOTE 11 — LEASES

LessorDTE Energy’s lease income associated with operating leases, included in Operating Revenues — Non-utility operations in the Consolidated Statements of Operations, was as follows:Three Months Ended June 30,Six Months Ended