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Related Party Transactions
 12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
Related Party Transactions RELATED PARTY TRANSACTIONS
Transactions between DT Midstream and DTE Energy prior to the Separation, as well as all transactions between DT Midstream and our equity method investees, have been presented as related party transactions in the accompanying Consolidated Financial Statements.
Prior to the Separation, DTE Energy and its subsidiaries provided physical operations, maintenance, and technical support pursuant to an operating agreement for our facilities. We also utilized various services performed by DTE Energy and its subsidiaries including marketing and capacity optimization services.
Prior to the Separation, interest expense recorded in the Consolidated Statements of Operations was primarily related to interest on the Short-term borrowings due to DTE Energy, amounts of which are shown in the table below. The working capital loan agreement had an interest rate of 3.3% for 2021 and a term of one year. No interest expense on Short-term borrowings due to DTE Energy was incurred after the Separation.
In June 2021, we made the following cash payments:
•Settled Short-term borrowings due to DTE Energy as of June 30, 2021 of $2,537 million
•Settled Accounts receivable due from DTE Energy and Accounts payable due to DTE Energy as of June 30, 2021 for net cash of $9 million
•Provided a one-time special dividend to DTE Energy
On July 1, 2021, DTE Energy completed the Separation through the distribution of 96,732,466 shares of DT Midstream common stock to DTE Energy shareholders. After the Separation, DTE Energy is not considered a related party of DT Midstream.
The following is a summary of our balances with related parties:
December 31,
20232022
(millions)
Notes receivable from Vector — long-term$4 $4 
Current Liabilities — Other1 3 
The following is a summary of our transactions with related parties:
Year Ended December 31,
202320222021
(millions)
Revenues
Pipeline$— $— $5 
Gathering— — 10 
Other Costs
Interest income— — (5)
Interest expense— — 43 
Operation and maintenance and Other expense(1)(1)43 
Other
Notes receivable (due from) repaid by DTE Energy— — 263 
Short-term borrowings (repayment of borrowings) from DTE Energy— — (3,175)
Dividend to DTE Energy— — (501)
Contributions from DTE Energy— — 110 
Non-cash distributions to DTE Energy— — (10)