Revenue (Tables)

6 Months Ended

Jun. 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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(In millions)
Electric(a)
Residential	$	658	$	691	$	1,312	$	1,391
Commercial	524		487		1,019		964
Industrial	186		170		355		331
Other(b)	(39)		222		22		374
Total Electric operating revenues	$	1,329	$	1,570	$	2,708	$	3,060
Gas
Gas sales	$	216	$	231	$	817	$	827
End User Transportation	54		55		140		153
Intermediate Transportation	16		16		47		45
Other(b)	25		60		14		103
Total Gas operating revenues	$	311	$	362	$	1,018	$	1,128
Other segment operating revenues
DTE Vantage	$	189	$	220	$	373	$	399
Energy Trading	$	904	$	2,832	$	2,472	$	5,035

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(a)Revenues generally represent those of DTE Electric, except $3 million and $4 million of Other revenues related to DTE Sustainable Generation for the three months ended June 30, 2023 and 2022, respectively, and $7 million and $8 million for the six months ended June 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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(In millions)
Electric — Other revenues	$	5	$	4	$	10	$	8
Gas — Alternative Revenue Programs	$	1	$	—	$	4	$	—
Gas — Other revenues	$	2	$	2	$	5	$	4
DTE Vantage — Leases	$	10	$	19	$	25	$	39
Energy Trading — Derivatives	$	696	$	2,426	$	1,857	$	4,160

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	61
Revenue recognized that was included in the deferred revenue balance at the beginning of the period	(40)
Ending Balance, June 30, 2023	$	115

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	$	90
2024	24
2025	1
2026	—
2027	—
2028 and thereafter	—
	$	115

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	$	74	$	4
2024	231		8
2025	156		—
2026	94		—
2027	64		—
2028 and thereafter	308		—
	$	927	$	12