Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 68

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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 sale of securities and unrealized gains and losses incurred by the Fermi 2 trust are recorded to Regulatory assets and the Nuclear decommissioning liability.  Realized gains and losses from the sale of securities and unrealized gains and losses on the low-level radioactive waste funds are recorded to the Nuclear decommissioning liability.The following table sets forth DTE Electric's fair value and unrealized gains and losses for the nuclear decommissioning trust funds:March 31, 2025December 31, 2024FairValueUnrealizedGainsUnrealizedLossesFairValueUnrealizedGainsUnrealizedLosses(In millions)Equity securities$986 $542 $(22)$1,003 $558 $(16)Fixed income securities657 17 (25)650 16 (29)Private equity and other344 99 (7)349 106 (8)Hedge funds and similar investments231 5 (6)228 7 (5)Cash equivalents28 — — 26 — — $2,246 $663 $(60)$2,256 $687 $(58)The following table summarizes the fair value of the fixed income securities held in nuclear decommissioning trust funds by contractual maturity:March 31, 2025(In millions)Due within one year$15 Due after one through five years107 Due after five through ten years101 Due after ten years322 $545 Fixed income securities held in nuclear decommissioning trust funds include $112 million of non-publicly traded commingled funds that do not have a contractual maturity date.Other SecuritiesAt March 31, 2025 and December 31, 2024, DTE Energy securities included in Other investments on the Consolidated Statements of Financial Position consisted primarily of investments within DTE Energy's rabbi trust.  The rabbi trust is comprised primarily of trading securities recorded at fair value, as well as debt securities classified as held-to-maturity and recorded at amortized cost.  The trust was established to fund certain non-qualified pension benefits, and therefore changes in market value of the trading securities and interest on the held-to-maturity securities are recognized in earnings.  Gains and losses are allocated from DTE Energy to DTE Electric and are included in Other Income or Other Expense, respectively, in the Registrants' Consolidated Statements of Operations.  Gains (losses) related to the trading securities were imm