Company: DTK
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000936340-25-000182
Chunk: 148

Company: DTE ENERGY CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 148
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 has not yet been satisfied.  Deferred revenues include amounts associated with REC performance obligations under certain wholesale full requirements power contracts.  Deferred revenues related to RECs are recognized as revenue when control of the RECs has transferred.  Other performance obligations associated with deferred revenues include providing products and services related to customer prepayments.  Deferred revenues associated with these products and services are recognized when control has transferred to the customer.The following table represents deferred revenue amounts for DTE Energy that are expected to be recognized as revenue in future periods:DTE Energy(In millions)2025$152 202648 20271 20281 2029— 2030 and thereafter— $202 Transaction Price Allocated to the Remaining Performance ObligationsIn accordance with optional exemptions available under Topic 606, the Registrants did not disclose the value of unsatisfied performance obligations for (1) contracts with an original expected length of one year or less, (2) with the exception of fixed consideration, contracts for which revenue is recognized at the amount to which the Registrants have the right to invoice for goods provided and services performed, and (3) contracts for which variable consideration relates entirely to an unsatisfied performance obligation.Such contracts consist of varying types of performance obligations across the segments, including the supply and delivery of energy related products and services.  Contracts with variable volumes and/or variable pricing, including those with pricing provisions tied to a consumer price or other index, have also been excluded as the related consideration under the contract is variable at inception of the contract.  Contract lengths vary from cancellable to multi-year.

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

The Registrants expect to recognize revenue for the following amounts related to fixed consideration associated with remaining performance obligations in each of the future periods noted:DTE EnergyDTE Electric(In millions)2025$103 $7 2026184 1 2027144 — 2028100 — 202984 — 2030 and thereafter334 — $949 $8 

NOTE 5 — REGULATORY MATTERS

2022 Electric PSCR ReconciliationIn March 2023, DTE Electric filed its 2022 PSCR Reconciliation that included the under-recovery of approximately $421 million of power supply costs incurred under reasonable and prudent policies and practices.  The request was subsequently reduced to $416 million.  On February 27,