Revenue

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue

REVENUE

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,
	2022		2021		2022		2021
	(In millions)
Electric(a)
Residential	$	882	$	885	$	2,273	$	2,262
Commercial	541		533		1,505		1,452
Industrial	167		167		498		473
Other(b)	257		117		631		290
Total Electric operating revenues	$	1,847	$	1,702	$	4,907	$	4,477
Gas
Gas sales	$	128	$	95	$	955	$	726
End User Transportation	42		38		195		171
Intermediate Transportation	15		16		60		59
Other(b)	45		44		148		114
Total Gas operating revenues	$	230	$	193	$	1,358	$	1,070
Other segment operating revenues
DTE Vantage	$	227	$	372	$	626	$	1,132
Energy Trading	$	3,024	$	1,602	$	8,059	$	4,208

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(a)Revenues generally represent those of DTE Electric, except $3 million and $2 million of Other revenues related to DTE Sustainable Generation for the three months ended September 30, 2022 and 2021, respectively, and $11 million and $9 million for the nine months ended September 30, 2022 and 2021, 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,
	2022		2021		2022		2021
	(In millions)
Electric — Other revenues	$	7	$	6	$	15	$	14
Gas — Other revenues	$	2	$	1	$	6	$	5
DTE Vantage — Leases	$	24	$	26	$	63	$	70
Energy Trading — Derivatives	$	2,531	$	1,324	$	6,691	$	3,377

Deferred Revenue

The following is a summary of deferred revenue activity:

	DTE Energy
	(In millions)
Beginning Balance, January 1, 2022	$	78
Increases due to cash received or receivable, excluding amounts recognized as revenue during the period	86
Revenue recognized that was included in the deferred revenue balance at the beginning of the period	(54)
Ending Balance, September 30, 2022	$	110

The deferred revenues at DTE Energy generally represent amounts paid by or receivable from customers for which the associated performance obligation has not yet been satisfied.

Deferred revenues include amounts associated with REC performance obligations under certain wholesale full requirements power contracts. Deferred revenues associated with RECs are recognized as revenue when control of the RECs has transferred.

Other performance obligations associated with deferred revenues include providing products and services related to customer prepayments. Deferred revenues associated with these products and services are recognized when control has transferred to the customer.

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)
2022	$	42
2023	64
2024	1
2025	2
2026	—
2027 and thereafter	1
	$	110

Transaction Price Allocated to the Remaining Performance Obligations

In accordance with optional exemptions available under Topic 606, the Registrants did not disclose the value of unsatisfied performance obligations for (1) contracts with an original expected length of one year or less, (2) with the exception of fixed consideration, contracts for which revenue is recognized at the amount to which the Registrants have the right to invoice for goods provided and services performed, and (3) contracts for which variable consideration relates entirely to an unsatisfied performance obligation.

Such contracts consist of varying types of performance obligations across the segments, including the supply and delivery of energy related products and services. Contracts with variable volumes and/or variable pricing, including those with pricing provisions tied to a consumer price or other index, have also been excluded as the related consideration under the contract is variable at inception of the contract. Contract lengths vary from cancellable to multi-year.

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)
2022	$	43	$	2
2023	292		7
2024	192		7
2025	118		1
2026	67		—
2027 and thereafter	355		—
	$	1,067	$	17