Company: DTK
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000936340-25-000065
Chunk: 13

Company: DTE ENERGY CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 13
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— — — 35 Other comprehensive loss, net of tax— — — (5)— (5)Stock-based compensation and other407 27 (1)— 1 27 Balance, December 31, 2023206,357 $6,713 $4,404 $(67)$5 $11,055 Net Income— — 1,404 — — 1,404 Dividends declared on common stock ($4.15 per Common Share)— — (859)— — (859)Issuance of common stock309 35 — — — 35 Other comprehensive income, net of tax— — — 41 — 41 Stock-based compensation and other506 31 (3)— — 28 Balance, December 31, 2024207,172 $6,779 $4,946 $(26)$5 $11,704 

See Combined Notes to Consolidated Financial Statements

62

DTE Electric — Controls and Procedures

(a) Evaluation of disclosure controls and procedures

Management of DTE Electric carried out an evaluation, under the supervision and with the participation of DTE Electric's Chief Executive Officer (CEO) and Chief Financial Officer (CFO), of the effectiveness of the design and operation of DTE Electric's disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of December 31, 2024, which is the end of the period covered by this report.  Based on this evaluation, DTE Electric's CEO and CFO have concluded that such disclosure controls and procedures are effective in providing reasonable assurance that information required to be disclosed by DTE Electric in reports that it files or submits under the Exchange Act (i) is recorded, processed, summarized, and reported within the time periods specified in the U.S. Securities and Exchange Commission's rules and forms and (ii) is accumulated and communicated to DTE Electric's management, including its CEO and CFO, as appropriate to allow timely decisions regarding required disclosure.  Due to the inherent limitations in the effectiveness of any disclosure controls and procedures, management cannot provide absolute assurance that the objectives of its disclosure controls and procedures will be attained.

(b) Management’s report on internal control over financial reporting

Management of DTE Electric is responsible for establishing and maintaining adequate internal control over financial reporting as