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Reportable Segments
 6 Months Ended
Jun. 30, 2024
Segment Reporting Information [Line Items]  
Reportable Segments Reportable Segments
Reportable segments consist of business units defined by the products and services they offer. CMS Energy and Consumers evaluate the performance of each segment based on its contribution to net income available to CMS Energy’s common stockholders.
CMS Energy
The segments reported for CMS Energy are:
•electric utility, consisting of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan
•gas utility, consisting of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan
•NorthStar Clean Energy, consisting of various subsidiaries engaging in domestic independent power production, including the development and operation of renewable generation, and the marketing of independent power production
CMS Energy presents corporate interest and other expenses, discontinued operations, and Consumers’ other consolidated entities within other reconciling items.
Consumers
The segments reported for Consumers are:
•electric utility, consisting of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan
•gas utility, consisting of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan
Consumers’ other consolidated entities are presented within other reconciling items.
Presented in the following tables is financial information by segment:
In Millions
Three Months EndedSix Months Ended
June 302024202320242023
CMS Energy, including Consumers
Operating revenue
Electric utility$1,226 $1,128 $2,358 $2,219 
Gas utility307 357 1,272 1,476 
NorthStar Clean Energy74 70 153 144 
Total operating revenue – CMS Energy$1,607 $1,555 $3,783 $3,839 
Consumers
Operating revenue
Electric utility$1,226 $1,128 $2,358 $2,219 
Gas utility307 357 1,272 1,476 
Total operating revenue – Consumers$1,533 $1,485 $3,630 $3,695 
CMS Energy, including Consumers
Net income (loss) available to common stockholders
Electric utility$170 $147 $267 $217 
Gas utility15 23 184 177 
NorthStar Clean Energy16 3 47 10 
Other reconciling items(6)22 (18)(7)
Total net income available to common stockholders – CMS Energy$195 $195 $480 $397 
Consumers
Net income (loss) available to common stockholder
Electric utility$170 $147 $267 $217 
Gas utility15 23 184 177 
Other reconciling items(8)(4)1 4 
Total net income available to common stockholder – Consumers$177 $166 $452 $398 
In Millions
June 30, 2024December 31, 2023
CMS Energy, including Consumers
Plant, property, and equipment, gross
Electric utility1
$19,557 $19,302 
Gas utility1
12,638 12,383 
NorthStar Clean Energy1,464 1,420 
Other reconciling items21 30 
Total plant, property, and equipment, gross – CMS Energy$33,680 $33,135 
Consumers
Plant, property, and equipment, gross
Electric utility1
$19,557 $19,302 
Gas utility1
12,638 12,383 
Other reconciling items29 38 
Total plant, property, and equipment, gross – Consumers$32,224 $31,723 
CMS Energy, including Consumers
Total assets
Electric utility1
$20,122 $19,358 
Gas utility1
12,469 12,353 
NorthStar Clean Energy1,659 1,604 
Other reconciling items105 202 
Total assets – CMS Energy$34,355 $33,517 
Consumers
Total assets
Electric utility1
$20,180 $19,417 
Gas utility1
12,512 12,397 
Other reconciling items26 38 
Total assets – Consumers$32,718 $31,852 
1Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.
Consumers Energy Company  
Segment Reporting Information [Line Items]  
Reportable Segments Reportable Segments
Reportable segments consist of business units defined by the products and services they offer. CMS Energy and Consumers evaluate the performance of each segment based on its contribution to net income available to CMS Energy’s common stockholders.
CMS Energy
The segments reported for CMS Energy are:
•electric utility, consisting of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan
•gas utility, consisting of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan
•NorthStar Clean Energy, consisting of various subsidiaries engaging in domestic independent power production, including the development and operation of renewable generation, and the marketing of independent power production
CMS Energy presents corporate interest and other expenses, discontinued operations, and Consumers’ other consolidated entities within other reconciling items.
Consumers
The segments reported for Consumers are:
•electric utility, consisting of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan
•gas utility, consisting of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan
Consumers’ other consolidated entities are presented within other reconciling items.
Presented in the following tables is financial information by segment:
In Millions
Three Months EndedSix Months Ended
June 302024202320242023
CMS Energy, including Consumers
Operating revenue
Electric utility$1,226 $1,128 $2,358 $2,219 
Gas utility307 357 1,272 1,476 
NorthStar Clean Energy74 70 153 144 
Total operating revenue – CMS Energy$1,607 $1,555 $3,783 $3,839 
Consumers
Operating revenue
Electric utility$1,226 $1,128 $2,358 $2,219 
Gas utility307 357 1,272 1,476 
Total operating revenue – Consumers$1,533 $1,485 $3,630 $3,695 
CMS Energy, including Consumers
Net income (loss) available to common stockholders
Electric utility$170 $147 $267 $217 
Gas utility15 23 184 177 
NorthStar Clean Energy16 3 47 10 
Other reconciling items(6)22 (18)(7)
Total net income available to common stockholders – CMS Energy$195 $195 $480 $397 
Consumers
Net income (loss) available to common stockholder
Electric utility$170 $147 $267 $217 
Gas utility15 23 184 177 
Other reconciling items(8)(4)1 4 
Total net income available to common stockholder – Consumers$177 $166 $452 $398 
In Millions
June 30, 2024December 31, 2023
CMS Energy, including Consumers
Plant, property, and equipment, gross
Electric utility1
$19,557 $19,302 
Gas utility1
12,638 12,383 
NorthStar Clean Energy1,464 1,420 
Other reconciling items21 30 
Total plant, property, and equipment, gross – CMS Energy$33,680 $33,135 
Consumers
Plant, property, and equipment, gross
Electric utility1
$19,557 $19,302 
Gas utility1
12,638 12,383 
Other reconciling items29 38 
Total plant, property, and equipment, gross – Consumers$32,224 $31,723 
CMS Energy, including Consumers
Total assets
Electric utility1
$20,122 $19,358 
Gas utility1
12,469 12,353 
NorthStar Clean Energy1,659 1,604 
Other reconciling items105 202 
Total assets – CMS Energy$34,355 $33,517 
Consumers
Total assets
Electric utility1
$20,180 $19,417 
Gas utility1
12,512 12,397 
Other reconciling items26 38 
Total assets – Consumers$32,718 $31,852 
1Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.