DTE ENERGY CO
For the period ended Sep 30, 2024. Filed Oct 24, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 24, 2024
DTE$135.08+0.2%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2024-06-30; filed 2024-07-25.
0000936340-24-000178
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2024-09-30; filed 2024-10-24.
0000936340-24-000198
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 134 previous paragraphs and 136 current paragraphs.
94 unchanged; 35 reworded; 7 added; 5 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 21 previous and 22 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (7)
Current report
(a)Includes accruals for expected benefits from nuclear production tax credits, which offset power supply costs.
Current report
(b)Includes the impact of solar investment tax credits recognized in third quarter 2024, which offset income tax expense (benefit).
Current report
Other (Income) and Deductions decreased $7 million and increased $13 million in the three and nine months ended September 30, 2024, respectively. The decrease in the third quarter was primarily due to higher AFUDC equity earnings of $15 million and higher investment earnings of $8 million, partially offset by higher net interest expense of $16 million. The increase in the nine-month period was primarily due to higher net interest expense of $59 million, partially offset by higher AFUDC equity earnings of $35 million and higher investment earnings of $9 million.
Current report
Income Tax Expense (Benefit) changed $120 million and $100 million in the three and nine months ended September 30, 2024, respectively. The change in both periods was primarily due to higher investment tax credits related to 2024 solar projects and higher nuclear production tax credits, partially offset by higher earnings. The impact of tax credits are offset in Operating Revenues through various regulatory mechanisms and have no impact on Net Income.
Current report
Other (Income) and Deductions increased $1 million and $6 million in the three and nine months ended September 30, 2024, respectively. The increase in the nine-month period was primarily due to higher net interest expense of $10 million partially offset by lower non-operating retirement benefits expense of $2 million and higher investment earnings of $2 million.
Current report
Income Tax Expense (Benefit)increased $2 million and decreased $13 million in the three and nine months ended September 30, 2024, respectively. The decrease in the nine-month period was primarily due to lower earnings.
Current report
Depreciation and amortization expense increased $4 million in the nine-month period ended September 30, 2024. The increase in the nine-month period was primarily due to new projects in the Renewables business.
Removed paragraphs (5)
Previous report
(a)Represents deliveries for self-generators that have purchased power from alternative energy suppliers to supplement their power requirements.
Previous report
Other (Income) and Deductions increased $11 million and $20 million in the three and six months ended June 30, 2024, respectively. The increase in the second quarter was primarily due to higher net interest expense of $23 million, partially offset by higher AFUDC equity of $12 million. The increase in the six-month period was primarily due to higher net interest expense of $43 million, partially offset by higher AFUDC equity of $21 million.
Previous report
Income Tax Expense increased $19 million and $20 million in the three and six months ended June 30, 2024, respectively. The increase in both periods was primarily due to higher earnings, partially offset by higher production tax credits.
Previous report
Other (Income) and Deductions increased $2 million and $5 million in the three and six months ended June 30, 2024, respectively. The increase in both periods was primarily due to higher net interest.
Previous report
Income Tax Expense decreased $6 million and $11 million in the three and six months ended June 30, 2024, respectively. The decrease in both periods was due to lower earnings.
Reworded paragraphs (35)
Previous wording
The increase in Net Income Attributable to DTE Energy Company for the three months ended June 30, 2024 was primarily due to higher earnings in the Electric segment. The decrease for the six-month period was due to lower earnings in the Energy Trading, Gas, DTE Vantage, and Corporate and Other segments, partially offset by higher earnings in the Electric segment.
Current wording
The increase in Net Income Attributable to DTE Energy Company for the three and nine months ended September 30, 2024 was primarily due to higher earnings in the Electric and Corporate and Other segments, partially offset by lower earnings in the Energy Trading, Gas, and DTE Vantage segments.
Previous wording
DTE Energy's utilities are investing capital to support a modern, reliable grid and cleaner, affordable energy through investments in base infrastructure and new generation. Increasing intensity of wind storms and other weather events, coupled with increasing electric vehicle adoption, will drive a continued need for substantial grid investment over the long-term.
Current wording
DTE Energy's utilities are investing capital to support a modern, reliable grid and cleaner, affordable energy through investments in base infrastructure and new generation. Increasing intensity of windstorms and other weather events, coupled with increasing electric vehicle adoption, will drive a continued need for substantial grid investment over the long-term.
Previous wording
Operating Revenues increased $287 million and $378 million in the three and six months ended June 30, 2024, respectively. Revenues associated with certain mechanisms and surcharges, including recovery of fuel and purchased power, are offset by related expenses elsewhere in the Registrants' Consolidated Statements of Operations. The increase in both periods was due to the following:
Current wording
Operating Revenues increased $71 million and $449 million in the three and nine months ended September 30, 2024, respectively. Revenues associated with certain mechanisms and surcharges, including recovery of fuel and purchased power, are offset by related expenses elsewhere in the Registrants' Consolidated Statements of Operations. The increase in both periods was due to the following:
Previous wording
(a)Primarily includes regulatory mechanism relating to EWR.
Current wording
(c)Primarily includes regulatory mechanisms relating to EWR and TRM.
Previous wording
Fuel and purchased power — utility expense increased $107 million and $112 million in the three and six months ended June 30, 2024, respectively. The increase in both periods was due to the following:
Current wording
Fuel and purchased power — utility expense increased $23 million and $135 million in the three and nine months ended September 30, 2024, respectively. The increase in both periods was due to the following:
Previous wording
Operation and maintenance expense increased $20 million and decreased $6 million in the three and six months ended June 30, 2024, respectively. The increase in the second quarter was primarily due to higher EWR expense of $9 million, higher RPS expense of $6 million, and higher legal expense of $6 million. The decrease in the six-month period was primarily due to lower distribution operations expense of $75 million (primarily due to lower storm restoration costs), partially offset by one-time costs of $32 million resulting from the voluntary separation incentive program, higher plant generation expense of $14 million, higher EWR expense of $10 million, higher RPS expense of $7 million, and higher uncollectible expense of $4 million.
Current wording
Operation and maintenance expense decreased $25 million and $31 million in the three and nine months ended September 30, 2024, respectively. The decrease in the third quarter was primarily due to lower distribution operations expense of $38 million (primarily due to lower storm restoration costs), lower plant generation expense of $9 million, and lower EWR expense of $6 million, partially offset by higher RPS expense of $15 million, higher uncollectible expense of $11 million, and higher legal expense of $4 million. The decrease in the nine-month period was primarily due to lower distribution operations expense of $113 million (primarily due to lower storm restoration costs), partially offset by one-time costs of $32 million resulting from the voluntary separation incentive program, higher RPS expense of $22 million, higher uncollectible expense of $15 million, higher legal expense of $7 million, and higher plant generation expense of $6 million.
Previous wording
Depreciation and amortization expense increased $25 million and $58 million in the three and six months ended June 30, 2024, respectively. The increase in the second quarter was primarily due to a higher depreciable base. The increase in the six-month period was primarily due to an increase from higher depreciable base of $51 million and an increase of $7 million associated with the TRM.
Current wording
Depreciation and amortization expense increased $28 million and $86 million in the three and nine months ended September 30, 2024, respectively. The increase in the third quarter was primarily due to a higher depreciable base. The increase in the nine-month period was primarily due to a higher depreciable base of $77 million and an increase of $6 million associated with the TRM.
Previous wording
Taxes other than income increased $5 million and $4 million in the three and six months ended June 30, 2024, respectively. The increase in both periods was primarily due to higher property taxes.
Current wording
Taxes other than income increased $3 million and $7 million in the three and nine months ended September 30, 2024, respectively. The increase in both periods was primarily due to higher property taxes.
Previous wording
Outlook — DTE Electric will continue to move forward in its efforts to achieve operational excellence, sustain strong cash flows, and earn its authorized return on equity. DTE Electric expects that planned significant capital investments will result in earnings growth. DTE Electric will maintain a strong focus on customers by increasing reliability and satisfaction while keeping customer rate increases affordable. Looking forward, additional factors may impact earnings such as weather, the outcome of regulatory proceedings, benefit plan design changes, uncertainty of legislative or regulatory actions regarding climate change, and effects of energy waste reduction programs.
Current wording
Outlook — DTE Electric will continue to move forward in its efforts to achieve operational excellence, sustain strong cash flows, and earn its authorized return on equity. DTE Electric expects that planned significant capital investments will result in earnings growth. DTE Electric will maintain a strong focus on customers by increasing reliability and satisfaction while working to keep customer rate increases affordable. Looking forward, additional factors may impact earnings such as weather, the outcome of regulatory proceedings, uncertainty of legislative or regulatory actions regarding environmental compliance, and effects of energy waste reduction programs.
Previous wording
Operating Revenues — Utility operations decreased $22 million and $18 million in the three and six months ended June 30, 2024, respectively. Revenues associated with certain mechanisms and surcharges, including recovery of the cost of gas, are offset by related expenses elsewhere in DTE Energy's Consolidated Statements of Operations. The decrease in both periods was due to the following:
Current wording
Operating Revenues — Utility operations increased $3 million and decreased $15 million in the three and nine months ended September 30, 2024, respectively. Revenues associated with certain mechanisms and surcharges, including recovery of the cost of gas, are offset by related expenses elsewhere in DTE Energy's Consolidated Statements of Operations. The change in both periods was due to the following:
Previous wording
Cost of gas — utility expense decreased $16 million and $9 million in the three and six months ended June 30, 2024, respectively. The decrease in the second quarter was primarily due to lower sales volumes of $14 million and lower cost of gas of $2 million. The decrease in the six-month period was primarily due to lower sales volumes of $19 million partially offset by higher cost of gas of $10 million.
Current wording
Cost of gas — utility expense decreased $6 million and $15 million in the three and nine months ended September 30, 2024, respectively. The decrease in the third quarter was primarily due to lower cost of gas of $6 million. The decrease in the nine-month period was primarily due to lower sales volumes of $20 million partially offset by higher cost of gas of $5 million.
Previous wording
Operation and maintenance expense increased $2 million and $13 million in the three and six months ended June 30, 2024, respectively. The increase in the second quarter was primarily due to higher gas operations expense of $3 million and higher uncollectible expense of $2 million, partially offset by lower legal expenses of $3 million. The increase in the six-month period was primarily due to one-time costs of $8 million resulting from the voluntary separation incentive program and higher gas operations expense of $8 million, partially offset by lower legal expenses of $3 million.
Current wording
Operation and maintenance expense increased $10 million and $23 million in the three and nine months ended September 30, 2024, respectively. The increase in the third quarter was primarily due to higher uncollectible expense of $7 million and higher gas operations expense of $5 million. The increase in the nine-month period was primarily due to higher gas operations expense of $13 million, one-time costs resulting from the voluntary separation incentive program of $8 million, and higher uncollectible expense of $6 million, partially offset by lower legal expenses of $2 million.
Previous wording
Depreciation and amortization expense increased $4 million and $7 million in the three and six months ended June 30, 2024, respectively. The increase in both periods was primarily due to a higher depreciable base.
Current wording
Depreciation and amortization expense increased $6 million and $13 million in the three and nine months ended September 30, 2024, respectively. The increase in both periods was primarily due to a higher depreciable base.
Previous wording
Taxes other than income expense increased $4 million and $5 million in the three and six months ended June 30, 2024, respectively. The increase in both periods was primarily due to increased property taxes.
Current wording
Taxes other than income expense increased $2 million and $7 million in the three and nine months ended September 30, 2024, respectively. The increase in both periods was primarily due to higher property taxes.
Previous wording
Outlook — DTE Gas will continue to move forward in its efforts to achieve operational excellence, sustain strong cash flows, and earn its authorized return on equity. DTE Gas expects that planned significant infrastructure capital investments will result in earnings growth. Looking forward, additional factors may impact earnings such as weather, the outcome of regulatory proceedings, and benefit plan design changes. DTE Gas expects to continue its efforts to improve productivity and decrease costs while improving customer satisfaction with consideration of customer rate affordability.
Current wording
Outlook — DTE Gas will continue to move forward in its efforts to achieve operational excellence, sustain strong cash flows, and earn its authorized return on equity. DTE Gas expects that planned significant infrastructure capital investments will result in earnings growth. Looking forward, additional factors may impact earnings such as weather and the outcome of regulatory proceedings. DTE Gas expects to continue its efforts to improve productivity and decrease costs while improving customer satisfaction with consideration of customer rate affordability.
Previous wording
Operating Revenues — Non-utility operations decreased $8 million in the three and six months ended June 30, 2024. The decrease in both periods was due to the following:
Current wording
Operating Revenues — Non-utility operations decreased $9 million and $17 million in the three and nine months ended September 30, 2024, respectively. The decrease in both periods was due to the following:
Previous wording
Fuel, purchased power, and gas — non-utility expense decreased $4 million and increased $2 million in the three and six months ended June 30, 2024, respectively. The change in both periods was due to the following:
Current wording
Fuel, purchased power, and gas — non-utility expense decreased $11 million and $9 million in the three and nine months ended September 30, 2024, respectively. The decrease in both periods was due to the following:
Previous wording
Operation and maintenance expense increased $12 million in the three and six months ended June 30, 2024. The increase in both periods was primarily due to higher operating costs in the On-site business of $7 million. The remaining increase in both periods was primarily due to higher operating costs in the Renewables and Steel businesses.
Current wording
Operation and maintenance expense increased $16 million and $28 million in the three and nine months ended September 30, 2024. The increase in the third quarter was primarily due to higher costs in the Renewables business of $6 million, On-site business of $5 million, and Steel business of $4 million. The increase in the nine-month period was primarily due to higher costs in the On-site business of $12 million, Renewables business of $8 million, and Steel business of $8 million.
Previous wording
Asset (gains) losses and impairments, net changed $3 million and $4 million in the three and six months ended June 30, 2024, respectively. The change in both periods was primarily due to settlement of contingent consideration relating to a 2017 acquisition in the Renewables business in the second quarter 2023.
Current wording
Asset (gains) losses and impairments, net decreased $12 million and $8 million in the three and nine months ended September 30, 2024, respectively. The decrease in both periods was primarily due to a gain in 2023 of $17 million resulting from a change in estimate of an asset retirement obligation in the Steel business, partially offset by asset write-offs in other business units of $5 million. The remaining decrease in the nine-month period was primarily due to settlement of contingent consideration relating to a 2017 acquisition in the Renewables business in 2023.
Previous wording
Other (Income) and Deductions increased $35 million and $25 million in the three and six months ended June 30, 2024, respectively. The increase in both periods was primarily due to a gain in the Renewables business of $25 million attributed to the sale of a partnership interest. The remaining increase in the second quarter was primarily due to higher interest income of $11 million associated with a new project in the On-site business.
Current wording
Other (Income) and Deductions increased $16 million and $41 million in the three and nine months ended September 30, 2024, respectively. The increase in the third quarter was primarily due to higher interest income of $12 million associated with a new project in the On-site business and higher equity earnings of $8 million, partially offset by higher interest expense of $3 million. The increase in the nine-month period was primarily due to higher interest income of $28 million associated with a new project in the On-site business and a gain in the Renewables business of $25 million attributed to the sale of a partnership interest, partially offset by higher interest expense of $10 million.
Previous wording
Income Taxes — Tax credits decreased $8 million and $15 million in the three and six months ended June 30, 2024, respectively. The decrease in both periods was primarily due to investment tax credits related to new projects in the On-site and Renewables businesses in 2023.
Current wording
Income Taxes — Tax credits decreased $15 million and $30 million in the three and nine months ended September 30, 2024, respectively. The decrease in both periods was primarily due to investment tax credits related to new projects in the On-site and Renewables businesses in 2023.
Previous wording
Operating Revenues — Non-utility operations decreased $67 million and $702 million in the three and six months ended June 30, 2024, respectively. The following tables detail changes relative to the comparable prior periods:
Current wording
Operating Revenues — Non-utility operations decreased $53 million and $755 million in the three and nine months ended September 30, 2024, respectively. The following tables detail changes relative to the comparable prior periods:
Previous wording
Purchased power, gas, and other — non-utility expense decreased $76 million and $527 million in the three and six months ended June 30, 2024, respectively. The following tables detail changes relative to the comparable prior periods:
Current wording
Purchased power, gas, and other — non-utility expense decreased $23 million and $550 million in the three and nine months ended September 30, 2024, respectively. The following tables detail changes relative to the comparable prior periods:
Previous wording
Operation and maintenance expense increased $3 million and $8 million in the three and six months ended June 30, 2024, respectively. The increase for both periods was primarily due to higher compensation costs.
Current wording
Operation and maintenance expense decreased $1 million and increased $7 million in the three and nine months ended September 30, 2024, respectively. The increase in the nine-month period was primarily due to higher compensation costs.
Previous wording
Operating Income increased $7 million for the three months ended June 30, 2024, which includes a $22 million favorable change in timing related gains primarily related to gas strategies that will reverse in future periods as the underlying contracts settle. The increase also includes a $5 million unfavorable change in timing related gains primarily related to gas strategies that were recognized in previous periods and reversed in the current period as the underlying contracts settled.
Current wording
Operating Income decreased $30 million for the three months ended September 30, 2024, which includes a $15 million unfavorable change in timing related gains primarily related to gas strategies that will reverse in future periods as the underlying contracts settle. The decrease also includes a $9 million unfavorable change in timing related losses primarily related to gas strategies that were recognized in previous periods and reversed in the current period as the underlying contracts settled.
Previous wording
Operating Income decreased $182 million for the six months ended June 30, 2024, which includes a $87 million unfavorable change in timing related gains primarily related to gas strategies that will reverse in future periods as the underlying contracts settle. The decrease also includes a $121 million unfavorable change in timing related gains and losses primarily related to gas strategies that were recognized in previous periods and reversed in the current period as the underlying contracts settled.
Current wording
Operating Income decreased $212 million for the nine months ended September 30, 2024, which includes a $139 million unfavorable change in timing related gains primarily related to gas strategies that will reverse in future periods as the underlying contracts settle. The decrease also includes a $93 million unfavorable change in timing related gains and losses primarily related to gas strategies that were recognized in previous periods and reversed in the current period as the underlying contracts settled.
Previous wording
Other (Income) and Deductions changed $4 million and $10 million in the three and six months ended June 30, 2024, respectively. The change in both periods was primarily due to higher interest income.
Current wording
Other (Income) and Deductions increased $1 million and changed $9 million in the three and nine months ended September 30, 2024, respectively. The change in the nine-month period was primarily due to higher interest income.
Previous wording
Corporate and Other includes various holding company activities, holds certain non-utility debt, and holds certain investments, including funds supporting regional development and economic growth. The net loss of $40 million and $61 million for the three and six months ended June 30, 2024, respectively, represents a decrease of $18 million and increase of $11 million from the net loss of $58 million and $50 million in the comparable 2023 periods. The decrease in the second quarter was primarily due to the effective tax rate adjustments, higher equity investment income, and lower state income taxes, partially offset by higher net interest expense. The increase in the six-month period was primarily due to higher net interest expense and higher state income taxes, partially offset by the effective tax rate adjustments and higher equity investment income.
Current wording
Corporate and Other includes various holding company activities, holds certain non-utility debt, and holds certain investments, including investments supporting regional development and economic growth. The net loss of $22 million and $83 million for the three and nine months ended September 30, 2024, respectively, represents a decrease of $30 million and $19 million from the net loss of $52 million and $102 million in the comparable 2023 periods. The decrease in the third quarter was primarily due to the effective tax rate adjustments. The decrease in the nine-month period was primarily due to the effective tax rate adjustments and higher equity investment income, partially offset by higher net interest expense and higher state income taxes.
Previous wording
Outlook — Corporate and Other will continue to support DTE Energy's goals to achieve long-term earnings growth by managing corporate costs such as interest and tax expense while making prudent investments. Corporate and Other will also continue to support DTE Energy in achieving a strong balance sheet, access to capital markets, and implementation of a financing plan that includes interest rate management in order to manage interest costs that have increased in recent periods.
Current wording
Outlook — Corporate and Other will continue to support DTE Energy's goals to achieve long-term earnings growth by managing corporate costs such as interest and tax expense. Corporate and Other will also continue to support DTE Energy in achieving a strong balance sheet, access to capital markets, and implementation of a financing plan that includes interest rate management in order to manage interest costs.
Previous wording
Net cash from operations increased by $42 million in 2024. The increase was primarily due to an increase in Depreciation and amortization, partially offset by a decrease in cash related to working capital items.
Current wording
Net cash from operations increased by $184 million in 2024. The increase was primarily due to increases in Net income, Depreciation and amortization, and working capital items, partially offset by decreases in cash related to deferred taxes and Allowance for equity funds used during construction.
Previous wording
The change in working capital items in 2024 was primarily due to decreases in cash related to Accounts receivable, net, Inventories, and Regulatory assets and liabilities, partially offset by increases in cash related to Accounts payable, Derivative assets and liabilities, and Other current and noncurrent assets and liabilities.
Current wording
The change in working capital items in 2024 was primarily due to increases in cash related to Accounts payable, Derivative assets and liabilities, and Other current and noncurrent assets and liabilities, partially offset by decreases in cash related to Accounts receivable, net and Inventories.
Previous wording
Net cash used for investing activities increased by $1.6 billion in 2024 primarily due to the Investment in time deposits and increases in utility plant and equipment expenditures and Notes receivable.
Current wording
Net cash used for investing activities increased by $1.8 billion in 2024 primarily due to the Investment in time deposits and increases in utility plant and equipment expenditures and Notes receivable.
Previous wording
Net cash from financing activities increased by $1.6 billion in 2024 primarily due to increases in cash related to the Issuance of long-term debt, net of discount and issuance costs and Redemption of long-term debt, partially offset by a decrease in cash related to Short-term borrowings, net.
Current wording
Net cash from financing activities increased by $2.5 billion in 2024 primarily due to increases in cash related to the Issuance of long-term debt, net of issuance costs and Redemption of long-term debt, partially offset by a decrease in cash related to Short-term borrowings, net.
Previous wording
Various subsidiaries and equity investees of DTE Energy have entered into derivative and non-derivative contracts which contain ratings triggers and are guaranteed by DTE Energy. These contracts contain provisions which allow the counterparties to require that DTE Energy post cash or letters of credit as collateral in the event that DTE Energy's credit rating is downgraded below investment grade. Certain of these provisions (known as "hard triggers") state specific circumstances under which DTE Energy can be required to post collateral upon the occurrence of a credit downgrade, while other provisions (known as "soft triggers") are not as specific. For contracts with soft triggers, it is difficult to estimate the amount of collateral which may be requested by counterparties and/or which DTE Energy may ultimately be required to post. The amount of such collateral which could be requested fluctuates based on commodity prices (primarily natural gas, power, and environmental) and the provisions and maturities of the underlying transactions. As of June 30, 2024, DTE Energy's contractual obligation to post collateral in the form of cash or letters of credit in the event of a downgrade to below investment grade, under both hard trigger and soft trigger provisions, was $439 million.
Current wording
Various subsidiaries and equity investees of DTE Energy have entered into derivative and non-derivative contracts which contain ratings triggers and are guaranteed by DTE Energy. These contracts contain provisions which allow the counterparties to require that DTE Energy post cash or letters of credit as collateral in the event that DTE Energy's credit rating is downgraded below investment grade. Certain of these provisions (known as "hard triggers") state specific circumstances under which DTE Energy can be required to post collateral upon the occurrence of a credit downgrade, while other provisions (known as "soft triggers") are not as specific. For contracts with soft triggers, it is difficult to estimate the amount of collateral which may be requested by counterparties and/or which DTE Energy may ultimately be required to post. The amount of such collateral which could be requested fluctuates based on commodity prices (primarily natural gas, power, and environmental) and the provisions and maturities of the underlying transactions. As of September 30, 2024, DTE Energy's contractual obligation to post collateral in the form of cash or letters of credit in the event of a downgrade to below investment grade, under both hard trigger and soft trigger provisions, was $420 million.
Previous wording
DTE Energy has approximately $2.5 billion of available liquidity at June 30, 2024, consisting primarily of cash and cash equivalents and amounts available under unsecured revolving credit agreements.
Current wording
DTE Energy has approximately $3.0 billion of available liquidity at September 30, 2024, consisting primarily of cash and cash equivalents and amounts available under unsecured revolving credit agreements.