Related Party Transactions

12 Months Ended

Dec. 31, 2013

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

RELATED PARTY TRANSACTIONS

The Company has agreements with affiliated companies to sell energy for resale, purchase power, provide fuel supply services, and provide power plant operation and maintenance services. The Company has agreements with certain DTE Energy affiliates where we charge them for their use of the shared capital assets of the Company. A shared services company accumulates various corporate support services expenses and charges various subsidiaries of DTE Energy, including DTE Electric. DTE Electric records federal, state and local income taxes payable to or receivable from DTE Energy based on its federal, state and local tax provisions.

The following is a summary of transactions with affiliated companies:

	2013			2012		2011
Revenues	(In millions)
Energy sales	$	2		$	2	$	1
Other services	$	7		$	11	$	4
Shared capital assets	$	23		$	26	$	30
Costs
Fuel and power purchases	$	4		$	5	$	1
Other services and interest	$	(1	)	$	1	$	2
Corporate expenses (net)	$	334		$	322	$	304
Other
Dividends declared	$	342		$	317	$	305
Dividends paid	$	342		$	317	$	305
Capital contribution from DTE Energy	$	400		$	—	$	—

	December 31,
	2013		2012
Assets	(In millions)
Accounts receivable (includes income taxes receivable of $23 in 2013)	$	24	$	5
Notes receivable	$	200	$	—
Liabilities
Accounts payable (includes income taxes payable of $13 in 2012)	$	60	$	65
Short-term borrowing	$	58	$	80
Accrued pension liability	$	705	$	1,368
Accrued postretirement liability	$	369	$	996

Our accounts receivable from affiliated companies and accounts payable to affiliated companies are payable upon demand and are generally settled in cash within a monthly business cycle.

We had a short-term note receivable from DTE Energy of $200 million at December 31, 2013 and no balance at December 31, 2012. This note is subject to a credit agreement with DTE Energy whereby short-term excess cash or cash shortfalls are remitted to or funded by DTE Energy. This credit arrangement involves the charge and payment of interest at market-based rates.

Charitable contributions to the DTE Energy Foundation were approximately $18 million for the year ended December 31, 2013, no contributions for the year ended December 31, 2012, and approximately $21 million for the year ended December 31, 2011. The DTE Energy Foundation is a non-consolidated not-for-profit private foundation, the purpose of which is to contribute and assist charitable organizations and does not serve a direct business or political purpose of DTE Electric.