Segment and Related Information

3 Months Ended

Mar. 31, 2020

SEGMENT AND RELATED INFORMATION

DTE Energy sets strategic goals, allocates resources, and evaluates performance based on the following structure:

Electric segment consists principally of DTE Electric, which is engaged in the generation, purchase, distribution, and sale of electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan.

Gas segment consists principally of DTE Gas, which is engaged in the purchase, storage, transportation, distribution, and sale of natural gas to approximately 1.3 million residential, commercial, and industrial customers throughout Michigan and the sale of storage and transportation capacity.

Gas Storage and Pipelines is primarily engaged in services related to the gathering, transportation, and storage of natural gas.

Power and Industrial Projects is comprised primarily of projects that deliver energy and utility-type products and services to industrial, commercial, and institutional customers, produce reduced emissions fuel, and sell electricity and pipeline-quality gas from renewable energy projects.

Energy Trading consists of energy marketing and trading operations.

Corporate and Other includes various holding company activities, holds certain non-utility debt, and holds energy-related investments.

The federal income tax provisions or benefits of DTE Energy’s subsidiaries are determined on an individual company basis and recognize the tax benefit of tax credits and net operating losses, if applicable. The state and local income tax provisions of the utility subsidiaries are determined on an individual company basis and recognize the tax benefit of various tax credits and net operating losses, if applicable. The subsidiaries record federal, state, and local income taxes payable to or receivable from DTE Energy based on the federal, state, and local tax provisions of each company.

Inter-segment billing for goods and services exchanged between segments is based upon tariffed or market-based prices of the provider and primarily consists of the sale of reduced emissions fuel, power sales, and natural gas sales in the following segments:



	Three Months Ended March 31,
	2020		2019
	(In millions)
Electric	$	15	$	14
Gas	4		2
Gas Storage and Pipelines	4		3
Power and Industrial Projects	94		145
Energy Trading	6		7
Corporate and Other	1		1
	$	124	$	172

Financial data of DTE Energy's business segments follows:



	Three Months Ended March 31,
	2020			2019
	(In millions)
Operating Revenues — Utility operations
Electric	$	1,212		$	1,235
Gas	540			645
Operating Revenues — Non-utility operations
Electric	4			—
Gas Storage and Pipelines	170			116
Power and Industrial Projects	307			388
Energy Trading	913			1,301
Corporate and Other	—			1
Reconciliation and Eliminations	(124		)	(172		)
Total	$	3,022		$	3,514



	Three Months Ended March 31,
	2020			2019
	(In millions)
Net Income (Loss) Attributable to DTE Energy by Segment:
Electric	$	94		$	147
Gas	121			151
Gas Storage and Pipelines	72			48
Power and Industrial Projects	30			26
Energy Trading	34			32
Corporate and Other	(11		)	(3		)
Net Income Attributable to DTE Energy Company	$	340		$	401