Related Party Transactions

12 Months Ended

Dec. 31, 2015

Related Party Transactions [Abstract]

Related Party Transactions

RELATED PARTY TRANSACTIONS

DTE Electric has agreements with affiliated companies to sell energy for resale, purchase fuel and power, provide fuel supply services, and provide power plant operation and maintenance services. DTE Electric has agreements with certain DTE Energy affiliates where DTE Electric charges the affiliates for their use of the shared capital assets of DTE Electric. 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 DTE Electric's transactions with affiliated companies:

	2015		2014			2013
	(In millions)
Revenues
Energy sales	$	2	$	2		$	2
Other services	$	6	$	5		$	7
Shared capital assets	$	33	$	26		$	23
Costs
Fuel and purchased power	$	9	$	4		$	4
Other services and interest	$	2	$	(1	)	$	(1	)
Corporate expenses (net)	$	334	$	304		$	334
Other
Dividends declared	$	395	$	370		$	342
Dividends paid	$	395	$	370		$	342
Capital contribution from DTE Energy	$	300	$	190		$	400

DTE Electric's Accounts receivable and Accounts payable related to Affiliates are payable upon demand and are generally settled in cash within a monthly business cycle. Notes receivable and Short-term borrowings related to Affiliates are 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. Refer to DTE Electric's Consolidated Statements of Financial Position for affiliate balances at December 31, 2015 and 2014.

For DTE Electric, there were no charitable contributions to the DTE Energy Foundation for the years ended December 31, 2015 and 2014, while there were $18 million in contributions for the year ended December 31, 2013. The DTE Energy Foundation is a non-consolidated not-for-profit private foundation, the purpose of which is to contribute and assist charitable organizations.

See the following notes for other related party transactions impacting DTE Electric’s Consolidated Financial Statements:

Note	Title
4	Acquisitions and Exit Activities
18	Retirement Benefits and Trusteed Assets
19	Stock-Based Compensation