Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 127

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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 to the Consolidated Financial Statements, "Segment and Related Information."Changes in Accumulated Other Comprehensive Income (Loss)Comprehensive income (loss) is the change in common shareholders' equity during a period from transactions and events from non-owner sources, including Net Income.  The amounts recorded to Accumulated other comprehensive income (loss) for DTE Energy include changes in benefit obligations, consisting of deferred actuarial losses and prior service costs, unrealized gains and losses from derivatives accounted for as cash flow hedges, and foreign currency translation adjustments, if any.  DTE Energy releases income tax effects from accumulated other comprehensive income when the circumstances upon which they are premised cease to exist.Changes in Accumulated other comprehensive income (loss) are presented in DTE Energy's Consolidated Statements of Changes in Equity and DTE Electric's Consolidated Statements of Changes in Shareholder's Equity, if any. For the three months ended March 31, 2025 and 2024, reclassifications out of Accumulated other comprehensive income (loss) were not material.

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

Income TaxesTax rates are affected by estimated annual permanent items, production and investment tax credits, regulatory adjustments, and discrete items that may occur in any given period, but are not consistent from period to period.  The tables below summarize how the Registrants' effective income tax rates have varied from the statutory federal income tax rate:Three Months Ended March 31,20252024DTE EnergyStatutory federal income tax rate21.0 %21.0 %Increase (decrease) due to:State and local income taxes, net of federal benefit4.2 4.1 Investment tax credits(13.1)(3.1)Production tax credits(10.5)(8.3)TCJA regulatory liability amortization(4.5)(4.9)AFUDC equity(1.5)(1.2)Other0.2 (1.4)Effective income tax rate(4.2)%6.2 %Three Months Ended March 31,20252024DTE ElectricStatutory federal income tax rate21.0 %21.0 %Increase (decrease) due to:State and local income taxes, net of federal benefit5.7 5.3 Investment tax credits(16.6)(0.2)