Company: DTK
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000936340-25-000182
Chunk: 136

Company: DTE ENERGY CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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 of businesses under DTE Energy, are regulated by the FERC.  In addition, the Registrants are regulated by other federal and state regulatory agencies including the NRC, the EPA, EGLE, and for DTE Energy, the CFTC and CARB.Basis of PresentationThe Consolidated Financial Statements should be read in conjunction with the Combined Notes to Consolidated Financial Statements included in the combined DTE Energy and DTE Electric 2024 Annual Report on Form 10-K.The accompanying Consolidated Financial Statements of the Registrants are prepared using accounting principles generally accepted in the United States of America.  These accounting principles require management to use estimates and assumptions that impact reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities.  Actual results may differ from the Registrants' estimates.The Consolidated Financial Statements are unaudited but, in the Registrants' opinions, include all adjustments necessary to present a fair statement of the results for the interim periods.  All adjustments are of a normal recurring nature, except as otherwise disclosed in these Consolidated Financial Statements and Combined Notes to Consolidated Financial Statements.  Financial results for this interim period are not necessarily indicative of results that may be expected for any other interim period or for the fiscal year ending December 31, 2025.

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

The information in these combined notes relates to each of the Registrants as noted in the Index of Combined Notes to Consolidated Financial Statements.  However, DTE Electric does not make any representation as to information related solely to DTE Energy or the subsidiaries of DTE Energy other than itself.Certain prior year balances for DTE Energy were reclassified to match the current year's Consolidated Financial Statements presentation.Principles of ConsolidationThe Registrants consolidate all majority-owned subsidiaries and investments in entities in which they have controlling influence.  Non-majority owned investments are accounted for using the equity method when the Registrants are able to significantly influence the operating policies of the investee.  When the Registrants do not influence the operating policies of an investee, the equity investment is valued at cost minus any impairments, if applicable.  These Consolidated Financial Statements also reflect the Registrants' proportionate interests in certain jointly-owned utility plants.  The Registrants eliminate all intercompany balances and transactions.The Registrants evaluate whether an entity is a VIE whenever reconsideration events