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Revenue (Tables)
3 Months Ended
Mar. 31, 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 March 31,
20242023
(In millions)
Electric(a)
Residential$700 $654 
Commercial556 495 
Industrial183 169 
Other(b)
31 61 
Total Electric operating revenues$1,470 $1,379 
Gas
Gas sales$565 $601 
End User Transportation82 86 
Intermediate Transportation29 31 
Other(b)
35 (11)
Total Gas operating revenues$711 $707 
Other segment operating revenues
DTE Vantage$184 $184 
Energy Trading$933 $1,568 
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(a)Revenues generally represent those of DTE Electric, except $4 million of Other revenues related to DTE Sustainable Generation for both the three months ended March 31, 2024 and 2023.
(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 March 31,
20242023
(In millions)
Electric — Other revenues $4 $
Gas — Alternative Revenue Programs$6 $
Gas — Other revenues$2 $
DTE Vantage — Leases$14 $15 
Energy Trading — Derivatives$659 $1,161 
Summary of Deferred Revenue Activity
The following is a summary of deferred revenue activity for DTE Energy:
Three Months Ended March 31,
20242023
(In millions)
Beginning Balance, January 1$106 $94 
Increases due to cash received or receivable, excluding amounts recognized as revenue during the period35 27 
Revenue recognized that was included in the deferred revenue balance at the beginning of the period(25)(34)
Ending Balance, March 31$116 $87 
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$108 
2025
2026
2027— 
2028— 
2029 and thereafter— 
$116 
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$191 $
2025207 
2026126 — 
202794 — 
202863 — 
2029 and thereafter323 — 
$1,004 $7