Exit Activities (Tables)

6 Months Ended

Jun. 30, 2024

Restructuring Cost and Reserve [Line Items]

Schedule of Retention Benefit Liability Roll Forward

Presented in the following table is a reconciliation of the retention benefit liability recorded in other liabilities on Consumers’ consolidated balance sheets:

In Millions
Six Months Ended June 30	2024			2023			1
Retention benefit liability at beginning of period		$	16		$	21
Costs deferred as a regulatory asset2		3			10
Retention benefit liability at the end of the period3		$	19		$	31

1Includes amounts associated with a retention incentive program at the D.E. Karn coal-fueled generating units; this program concluded following the units’ retirement in June 2023.

2Includes less than $1 million for the three months ended June 30, 2024 and $5 million for the three months ended June 30, 2023.

3Includes current portion of other liabilities of $8 million at June 30, 2024 and $18 million at June 30, 2023.

Consumers Energy Company

Restructuring Cost and Reserve [Line Items]

Schedule of Retention Benefit Liability Roll Forward

Presented in the following table is a reconciliation of the retention benefit liability recorded in other liabilities on Consumers’ consolidated balance sheets:

In Millions
Six Months Ended June 30	2024			2023			1
Retention benefit liability at beginning of period		$	16		$	21
Costs deferred as a regulatory asset2		3			10
Retention benefit liability at the end of the period3		$	19		$	31

1Includes amounts associated with a retention incentive program at the D.E. Karn coal-fueled generating units; this program concluded following the units’ retirement in June 2023.

2Includes less than $1 million for the three months ended June 30, 2024 and $5 million for the three months ended June 30, 2023.

3Includes current portion of other liabilities of $8 million at June 30, 2024 and $18 million at June 30, 2023.