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Revenue (Tables)
9 Months Ended
Sep. 30, 2024
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,
2024202320242023
(In millions)
Electric(a)
Residential$946 $861 $2,390 $2,173 
Commercial632 585 1,759 1,604 
Industrial189 190 559 545 
Other(b)
(70)(10)75 12 
Total Electric operating revenues$1,697 $1,626 $4,783 $4,334 
Gas
Gas sales$125 $119 $891 $936 
End User Transportation45 44 180 184 
Intermediate Transportation15 16 60 63 
Other(b)
45 48 99 62 
Total Gas operating revenues$230 $227 $1,230 $1,245 
Other segment operating revenues
DTE Vantage$190 $199 $555 $572 
Energy Trading$840 $893 $2,610 $3,365 
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(a)Revenues generally represent those of DTE Electric, except $2 million and $3 million of Other revenues related to DTE Sustainable Generation for the three months ended September 30, 2024 and 2023, respectively, and $11 million and $10 million for the nine months ended September 30, 2024 and 2023, 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,
2024202320242023
(In millions)
Electric — Other revenues $11 $$20 $18 
Gas — Alternative Revenue Programs$1 $— $9 $
Gas — Other revenues$3 $$9 $
DTE Vantage — Leases$19 $19 $45 $44 
Energy Trading — Derivatives$536 $670 $1,781 $2,527 
Summary of Deferred Revenue Activity
The following is a summary of deferred revenue activity for DTE Energy:
Nine Months Ended September 30,
20242023
(In millions)
Beginning Balance, January 1$106 $94 
Increases due to cash received or receivable, excluding amounts recognized as revenue during the period143 113 
Revenue recognized that was included in the deferred revenue balance at the beginning of the period(34)(42)
Ending Balance, September 30$215 $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)
2024$121 
202592 
2026
2027
2028— 
2029 and thereafter— 
$215 
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 EnergyDTE Electric
(In millions)
2024$47 $
2025228 
2026166 — 
2027127 — 
202887 — 
2029 and thereafter402 — 
$1,057 $3