Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 179

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 179
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 Depreciation and amortization15 15 Taxes other than income5 3 Asset (gains) losses and impairments, net(1)(1)176 175 Operating Income12 9 Other (Income) and Deductions(19)1 Income TaxesExpense8 2 Tax credits(16)(2)(8)— Net Income Attributable to DTE Energy Company$39 $8 

Operating Revenues — Non-utility operations increased $4 million in the three months ended March 31, 2025.  The increase was due to the following:

Three Months(In millions)Higher sales in the Renewables business$29 Higher prices in the On-site business4 New project in the On-site business4 Lower demand and prices in the Steel business(33)$4 

Fuel, purchased power, and gas — non-utility expense decreased $3 million in the three months ended March 31, 2025.  The decrease was due to the following:

Three Months(In millions)Higher sales in the Renewables business$20 Higher prices in the On-site business4 New project in the On-site business1 Lower demand and prices in the Steel business(28)$(3)

Other (Income) and Deductions changed $20 million in the three months ended March 31, 2025.  The change was primarily due to higher equity earnings of $13 million and higher interest income associated with a new project in the On-site business of $10 million, partially offset by higher interest expense of $3 million.

Income Taxes — Tax credits increased $14 million in the three months ended March 31, 2025.  The increase was primarily due to higher estimated production tax credits in the Renewables business.

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Outlook — DTE Vantage will continue to leverage its extensive energy-related operating experience and project management capability to develop additional renewable natural gas projects and other projects that will provide customer specific energy solutions.  DTE Vantage is also developing decarbonization opportunities relating to carbon capture and sequestration projects.

ENERGY TRADING SEGMENT

Energy Trading focuses on physical and financial power, natural gas and environmental marketing and trading, structured transactions, enhancement of returns from its asset portfolio, and optimization of contracted natural gas pipeline transportation and storage positions.  Energy Trading also provides natural gas, power, environmental, and related services, which may include the management of associated storage and transportation contracts on the customers' behalf and the supply or