This report does not constitute a rating action. DTE Energy Co. (DTE) released its financial results for the first quarter 2025, reporting operating earnings of approximately $436 million, or about $90 million higher compared to its the first quarter of 2024. Key drivers of the company?s performance include the stronger performance in its regulated gas business, and at its nonutility businesses, including DTE Vantage and Energy Trading, offset by weaker performance in its regulated electric business. Separately, in late April 2025, subsidiary DTE Electric Co. (DTEE) filed for an electric rate case, requesting $574 million based on a 10.75% return on equity. The filing also includes an extension and expansion of DTEE?s infrastructure replacement mechanism (IRM) rider through 2029. The
