Revenue (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following is a summary of revenues disaggregated by segment for DTE Energy:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(In millions)
Electric(a)
Residential	$	861	$	882	$	2,173	$	2,273
Commercial	585		541		1,604		1,505
Industrial	190		167		545		498
Other(b)	(10)		257		12		631
Total Electric operating revenues	$	1,626	$	1,847	$	4,334	$	4,907
Gas
Gas sales	$	119	$	128	$	936	$	955
End User Transportation	44		42		184		195
Intermediate Transportation	16		15		63		60
Other(b)	48		45		62		148
Total Gas operating revenues	$	227	$	230	$	1,245	$	1,358
Other segment operating revenues
DTE Vantage	$	199	$	227	$	572	$	626
Energy Trading	$	893	$	3,024	$	3,365	$	8,059

_______________________________________

(a)Revenues generally represent those of DTE Electric, except $3 million of Other revenues related to DTE Sustainable Generation for both the three months ended September 30, 2023 and 2022, and $10 million and $11 million for the nine months ended September 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(In millions)
Electric — Other revenues	$	8	$	7	$	18	$	15
Gas — Alternative Revenue Programs	$	—	$	—	$	4	$	—
Gas — Other revenues	$	2	$	2	$	7	$	6
DTE Vantage — Leases	$	19	$	24	$	44	$	63
Energy Trading — Derivatives	$	670	$	2,531	$	2,527	$	6,691

Summary of Deferred Revenue Activity

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	113
Revenue recognized that was included in the deferred revenue balance at the beginning of the period	(42)
Ending Balance, September 30, 2023	$	165

Deferred Revenue Amounts Expected to be Recognized as Revenue in Future Periods

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	$	95
2024	68
2025	1
2026	1
2027	—
2028 and thereafter	—
	$	165

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	$	33	$	2
2024	247		8
2025	184		—
2026	99		—
2027	67		—
2028 and thereafter	375		—
	$	1,005	$	10