Company: DTK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000936340-25-000223
Chunk: 186

Company: DTE ENERGY CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 186
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216 — 216 Letters of credit311 133 — 444 311 349 — 660 Net availability at September 30, 2025$1,639 $601 $300 $2,540 _______________________________________(a)Uncommitted letter of credit facility.(b)Uncommitted letter of credit facility with automatic renewal provision and therefore no expiration.(c)Uncommitted letter of credit facility with automatic renewal provision and therefore no expiration.  DTE Energy may also utilize availability under this facility.In October 2025, the unsecured revolving credit agreements were amended and the maturity date was extended from October 2029 to October 2030.  The amendment increased the total availability of DTE Energy's unsecured revolving credit facility from $2.6 billion to $2.8 billion, including an increase from $800 million to $1.0 billion at DTE Electric.  Additionally, in October 2025, the Registrants amended the unsecured letter of credit facility that can be utilized for either DTE Energy or DTE Electric.  The amendment increased the total availability of the credit facility from $150 million to $175 million.  All other covenants and terms of the agreements were unchanged.In conjunction with maintaining certain exchange-traded risk management positions, DTE Energy may be required to post collateral with a clearing agent.  DTE Energy has a demand financing agreement with its clearing agent, which allows the right of setoff with posted collateral.  At September 30, 2025, the capacity under the facility was $200 million.  The amounts outstanding under demand financing agreements were $105 million and $49 million at September 30, 2025 and December 31, 2024, respectively, and were fully offset by posted collateral.

NOTE 13 — LEASES

LessorDTE Energy’s lease income associated with operating leases, included in Operating Revenues — Non-utility operations in the Consolidated Statements of Operations, was as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(In millions)Fixed payments$4 $4 $11 $11 Variable payments13 15 35 34 $17 $19 $46 $45 

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