Revenue recognized that was included in the deferred revenue balance at the beginning of the period

[Table of Contents](#ie1b09d57e49a40aaa81f572e6311eac9_10)DTE Energy Company — DTE Electric CompanyCombined Notes to Consolidated Financial Statements (Unaudited) — (Continued)Revenues included the following which were outside the scope of Topic 606:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Three Months Ended March 31, |
|  |  |  |  |  | 2022 |  | 2021 |
|  |  |  |  |  | (In millions) |
|  |  |  |  |  |  |  |  |
| Electric — Other revenues  |  |  |  |  | $ | 4  |  |  | $ | 3  |  |
|  |  |  |  |  |  |  |  |
| Gas — Other revenues |  |  |  |  | $ | 2  |  |  | $ | 2  |  |
| DTE Vantage — Leases |  |  |  |  | $ | 20  |  |  | $ | 21  |  |
| Energy Trading — Derivatives |  |  |  |  | $ | 1,734  |  |  | $ | 1,146  |  |

Deferred RevenueThe following is a summary of deferred revenue activity:

|  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
|  | DTE Energy |
|  | (In millions) |
| Beginning Balance, January 1, 2022 | $ | 78  |  |
| Increases due to cash received or receivable, excluding amounts recognized as revenue during the period | 27  |  |
| Revenue recognized that was included in the deferred revenue balance at the beginning of the period | (26) |  |
| Ending Balance, March 31, 2022 | $ | 79  |  |

The deferred revenues at DTE Energy generally represent amounts paid by or receivable from customers for which the associated performance obligation has not yet been satisfied.Deferred revenues include amounts associated with REC performance obligations under certain wholesale full requirements power contracts. Deferred revenues associated with RECs are recognized as revenue when control of the RECs has transferred.Other performance obligations associated with deferred revenues include providing products and services related to customer prepayments. Deferred revenues associated with these products and services are recognized when control has transferred to the customer.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) |
| 2022 | $ | 68  |  |
| 2023 | 8  |  |
| 2024 | 1  |  |
| 2025 | —  |  |
| 2026 | —  |  |
| 2027 and thereafter | 2  |  |
|  | $ | 79  |  |

Transaction Price Allocated to the Remaining Performance ObligationsIn accordance with optional exemptions available under Topic 606, the Registrants did not disclose the value of unsatisfied performance obligations for (1) contracts with an original expected length of one year or less, (2) with the exception of fixed consideration, contracts for which revenue is recognized at the amount to which the Registrants have the right to invoice for goods provided and services performed, and (3) contracts for which variable consideration relates entirely to an unsatisfied performance obligation.27
