XML 36 R19.htm IDEA: XBRL DOCUMENT
v3.23.2

Revenue | 6 Months Ended
--- | ---
Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Revenue | REVENUE Disaggregation of Revenue The following is a summary of revenues disaggregated by segment for DTE Energy:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In millions)
Electric(a) |  |  |  |  |  |  |
Residential | $ | 658 |  |  | $ | 691 |  |  | $ | 1,312 |  |  | $ | 1,391 |
Commercial | 524 |  |  | 487 |  |  | 1,019 |  |  | 964 |
Industrial | 186 |  |  | 170 |  |  | 355 |  |  | 331 |
Other(b) | (39) |  |  | 222 |  |  | 22 |  |  | 374 |
Total Electric operating revenues | $ | 1,329 |  |  | $ | 1,570 |  |  | $ | 2,708 |  |  | $ | 3,060 |
Gas |  |  |  |  |  |  |
Gas sales | $ | 216 |  |  | $ | 231 |  |  | $ | 817 |  |  | $ | 827 |
End User Transportation | 54 |  |  | 55 |  |  | 140 |  |  | 153 |
Intermediate Transportation | 16 |  |  | 16 |  |  | 47 |  |  | 45 |
Other(b) | 25 |  |  | 60 |  |  | 14 |  |  | 103 |
Total Gas operating revenues | $ | 311 |  |  | $ | 362 |  |  | $ | 1,018 |  |  | $ | 1,128 |
Other segment operating revenues |  |  |  |  |  |  |
DTE Vantage | $ | 189 |  |  | $ | 220 |  |  | $ | 373 |  |  | $ | 399 |
Energy Trading | $ | 904 |  |  | $ | 2,832 |  |  | $ | 2,472 |  |  | $ | 5,035 |
_______________________________________ (a)Revenues generally represent those of DTE Electric, except $3 million and $4 million of Other revenues related to DTE Sustainable Generation for the three months ended June 30, 2023 and 2022, respectively, and $7 million and $8 million for the six months ended June 30, 2023 and 2022, respectively. (b)Includes revenue adjustments related to various regulatory mechanisms, including the PSCR at the Electric segment and GCR at the Gas segment. Revenues related to these mechanisms may vary based on changes in the cost of fuel, purchased power, and gas. Revenues included the following which were outside the scope of Topic 606:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In millions)
Electric — Other revenues | $ | 5 |  |  | $ | 4 |  |  | $ | 10 |  |  | $ | 8 |
Gas — Alternative Revenue Programs | $ | 1 |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |
Gas — Other revenues | $ | 2 |  |  | $ | 2 |  |  | $ | 5 |  |  | $ | 4 |
DTE Vantage — Leases | $ | 10 |  |  | $ | 19 |  |  | $ | 25 |  |  | $ | 39 |
Energy Trading — Derivatives | $ | 696 |  |  | $ | 2,426 |  |  | $ | 1,857 |  |  | $ | 4,160 |
Deferred Revenue The following is a summary of deferred revenue activity:
| DTE Energy
| (In millions)
Beginning Balance, January 1, 2023 | $ | 94 |
Increases due to cash received or receivable, excluding amounts recognized as revenue during the period | 61 |
Revenue recognized that was included in the deferred revenue balance at the beginning of the period | (40) |
Ending Balance, June 30, 2023 | $ | 115 |
The deferred revenues at DTE Energy generally represent amounts paid by or receivables from customers for which the associated performance obligation has not yet been satisfied. Deferred revenues include amounts associated with REC performance obligations under certain wholesale full requirements power contracts. Deferred revenues associated with RECs are recognized as revenue when control of the RECs has transferred. Other performance obligations associated with deferred revenues include providing products and services related to customer prepayments. Deferred revenues associated with these products and services are recognized when control has transferred to the customer. The following table represents deferred revenue amounts for DTE Energy that are expected to be recognized as revenue in future periods:
| DTE Energy
| (In millions)
2023 | $ | 90 |
2024 | 24 |
2025 | 1 |
2026 | — |
2027 | — |
2028 and thereafter | — |
| $ | 115 |
Transaction Price Allocated to the Remaining Performance Obligations In accordance with optional exemptions available under Topic 606, the Registrants did not disclose the value of unsatisfied performance obligations for (1) contracts with an original expected length of one year or less, (2) with the exception of fixed consideration, contracts for which revenue is recognized at the amount to which the Registrants have the right to invoice for goods provided and services performed, and (3) contracts for which variable consideration relates entirely to an unsatisfied performance obligation. Such contracts consist of varying types of performance obligations across the segments, including the supply and delivery of energy related products and services. Contracts with variable volumes and/or variable pricing, including those with pricing provisions tied to a consumer price or other index, have also been excluded as the related consideration under the contract is variable at inception of the contract. Contract lengths vary from cancellable to multi-year. The Registrants expect to recognize revenue for the following amounts related to fixed consideration associated with remaining performance obligations in each of the future periods noted:
| DTE Energy |  | DTE Electric
| (In millions)
2023 | $ | 74 |  |  | $ | 4 |
2024 | 231 |  |  | 8 |
2025 | 156 |  |  | — |
2026 | 94 |  |  | — |
2027 | 64 |  |  | — |
2028 and thereafter | 308 |  |  | — |
| $ | 927 |  |  | $ | 12 |

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration