Company: DTK
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000936340-25-000065
Chunk: 112

Company: DTE ENERGY CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 112
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.  Looking forward, additional factors may impact earnings such as weather and the outcome of regulatory proceedings.  DTE Gas expects to continue its efforts to improve productivity and decrease costs while improving customer satisfaction with consideration of customer rate affordability.

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DTE VANTAGE SEGMENT

The DTE Vantage segment is comprised primarily of renewable energy projects that sell electricity and pipeline-quality gas and projects that deliver custom energy solutions to industrial, commercial, and institutional customers.  DTE Vantage results and outlook are discussed below:

202420232022(In millions)Operating Revenues — Non-utility operations$753 $809 $848 Operating ExpensesFuel, purchased power, and gas — non-utility378 421 431 Operation and maintenance261 232 267 Depreciation and amortization59 53 52 Taxes other than income11 9 10 Asset (gains) losses and impairments, net10 (10)(7)719 705 753 Operating Income34 104 95 Other (Income) and Deductions(64)(27)(15)Income TaxesExpense34 38 27 Tax Credits(71)(60)(9)(37)(22)18 Net Income Attributable to DTE Energy Company$135 $153 $92 

Operating Revenues — Non-utility operations decreased $56 million in 2024 and $39 million in 2023.  The changes were due to the following:

2024(In millions)Lower demand and prices in the Steel business$(44)Lower sales in the Renewables business(21)Sale of project in the On-site business(3)New project in the On-site business13 Other(1)$(56)

2023(In millions)Lower demand and prices in the On-site business$(42)Sale of project in the On-site business(29)Lower sales in the Renewables business(3)Higher demand and prices in the Steel business36 Other(1)$(39)

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Fuel, purchased power, and gas — non-utility expense decreased $43 million in 2024 and $10 million in 2023.  The changes were due to the following:

2024(In millions)Lower demand and prices in the Steel business$(34)Lower costs in the Renewables business(7)Sale of project in the On-site business(2)$(43)

2023(In millions)Lower demand and prices in the On-site business$(38)Sale of project in