Revenue (Tables)

9 Months Ended

Sep. 30, 2024

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue

Presented in the following tables are the components of operating revenue:

In Millions
Three Months Ended September 30, 2024	Electric Utility			Gas Utility			NorthStar Clean Energy1			Consolidated
CMS Energy, including Consumers
Consumers utility revenue		$	1,443		$	212		$	—		$	1,655
Other		—			—			56			56
Revenue recognized from contracts with customers		$	1,443		$	212		$	56		$	1,711
Leasing income		—			—			26			26
Financing income		4			1			—			5
Consumers alternative-revenue programs		1			—			—			1
Total operating revenue – CMS Energy		$	1,448		$	213		$	82		$	1,743
Consumers
Consumers utility revenue
Residential		$	707		$	127					$	834
Commercial		486			40						526
Industrial		169			5						174
Other		81			40						121
Revenue recognized from contracts with customers		$	1,443		$	212					$	1,655
Financing income		4			1						5
Alternative-revenue programs		1			—						1
Total operating revenue – Consumers		$	1,448		$	213					$	1,661

1Amounts represent NorthStar Clean Energy’s operating revenue from independent power production and its sales of energy commodities. Certain of NorthStar Clean Energy’s power sales agreements are accounted for as operating leases. In addition to fixed payments, these agreements have variable payments based on energy delivered. NorthStar Clean Energy’s leasing income included variable lease payments of $15 million for the three months ended September 30, 2024.

In Millions
Three Months Ended September 30, 2023	Electric Utility			Gas Utility			NorthStar Clean Energy1			Consolidated
CMS Energy, including Consumers
Consumers utility revenue		$	1,348		$	243		$	—		$	1,591
Other		—			—			48			48
Revenue recognized from contracts with customers		$	1,348		$	243		$	48		$	1,639
Leasing income		—			—			30			30
Financing income		2			1			—			3
Consumers alternative-revenue programs		1			—			—			1
Total operating revenue – CMS Energy		$	1,351		$	244		$	78		$	1,673
Consumers
Consumers utility revenue
Residential		$	666		$	155					$	821
Commercial		443			38						481
Industrial		175			5						180
Other		64			45						109
Revenue recognized from contracts with customers		$	1,348		$	243					$	1,591
Financing income		2			1						3
Alternative-revenue programs		1			—						1
Other non-segment revenue		—			—						1
Total operating revenue – Consumers		$	1,351		$	244					$	1,596

1Amounts represent NorthStar Clean Energy’s operating revenue from independent power production and its sales of energy commodities. Certain of NorthStar Clean Energy’s power sales agreements are accounted for as operating leases. In addition to fixed payments, these agreements have variable payments based on energy delivered. NorthStar Clean Energy’s leasing income included variable lease payments of $19 million for the three months ended September 30, 2023.

In Millions
Nine Months Ended September 30, 2024	Electric Utility			Gas Utility			NorthStar Clean Energy1			Consolidated
CMS Energy, including Consumers
Consumers utility revenue		$	3,793		$	1,480		$	—		$	5,273
Other		—			—			158			158
Revenue recognized from contracts with customers		$	3,793		$	1,480		$	158		$	5,431
Leasing income		—			—			77			77
Financing income		8			5			—			13
Consumers alternative-revenue programs		5			—			—			5
Total operating revenue – CMS Energy		$	3,806		$	1,485		$	235		$	5,526
Consumers
Consumers utility revenue
Residential		$	1,779		$	998					$	2,777
Commercial		1,279			311						1,590
Industrial		499			37						536
Other		236			134						370
Revenue recognized from contracts with customers		$	3,793		$	1,480					$	5,273
Financing income		8			5						13
Alternative-revenue programs		5			—						5
Total operating revenue – Consumers		$	3,806		$	1,485					$	5,291

1Amounts represent NorthStar Clean Energy’s operating revenue from independent power production and its sales of energy commodities. Certain of NorthStar Clean Energy’s power sales agreements are accounted for as operating leases. In addition to fixed payments, these agreements have variable payments based on energy delivered. NorthStar Clean Energy’s leasing income included variable lease payments of $44 million for the nine months ended September 30, 2024.

In Millions
Nine Months Ended September 30, 2023	Electric Utility			Gas Utility			NorthStar Clean Energy1			Consolidated
CMS Energy, including Consumers
Consumers utility revenue		$	3,552		$	1,715		$	—		$	5,267
Other		—			—			134			134
Revenue recognized from contracts with customers		$	3,552		$	1,715		$	134		$	5,401
Leasing income		—			—			88			88
Financing income		7			5			—			12
Consumers alternative-revenue programs		11			—			—			11
Total operating revenue – CMS Energy		$	3,570		$	1,720		$	222		$	5,512
Consumers
Consumers utility revenue
Residential		$	1,707		$	1,160					$	2,867
Commercial		1,183			353						1,536
Industrial		495			44						539
Other		167			158						325
Revenue recognized from contracts with customers		$	3,552		$	1,715					$	5,267
Financing income		7			5						12
Alternative-revenue programs		11			—						11
Other non-segment revenue		—			—						1
Total operating revenue – Consumers		$	3,570		$	1,720					$	5,291

1Amounts represent NorthStar Clean Energy’s operating revenue from independent power production and its sales of energy commodities. Certain of NorthStar Clean Energy’s power sales agreements are accounted for as operating leases. In addition to fixed payments, these agreements have variable payments based on energy delivered. NorthStar Clean Energy’s leasing income included variable lease payments of $57 million for the nine months ended September 30, 2023.

Consumers Energy Company

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue

Presented in the following tables are the components of operating revenue:

In Millions
Three Months Ended September 30, 2024	Electric Utility			Gas Utility			NorthStar Clean Energy1			Consolidated
CMS Energy, including Consumers
Consumers utility revenue		$	1,443		$	212		$	—		$	1,655
Other		—			—			56			56
Revenue recognized from contracts with customers		$	1,443		$	212		$	56		$	1,711
Leasing income		—			—			26			26
Financing income		4			1			—			5
Consumers alternative-revenue programs		1			—			—			1
Total operating revenue – CMS Energy		$	1,448		$	213		$	82		$	1,743
Consumers
Consumers utility revenue
Residential		$	707		$	127					$	834
Commercial		486			40						526
Industrial		169			5						174
Other		81			40						121
Revenue recognized from contracts with customers		$	1,443		$	212					$	1,655
Financing income		4			1						5
Alternative-revenue programs		1			—						1
Total operating revenue – Consumers		$	1,448		$	213					$	1,661

1Amounts represent NorthStar Clean Energy’s operating revenue from independent power production and its sales of energy commodities. Certain of NorthStar Clean Energy’s power sales agreements are accounted for as operating leases. In addition to fixed payments, these agreements have variable payments based on energy delivered. NorthStar Clean Energy’s leasing income included variable lease payments of $15 million for the three months ended September 30, 2024.

In Millions
Three Months Ended September 30, 2023	Electric Utility			Gas Utility			NorthStar Clean Energy1			Consolidated
CMS Energy, including Consumers
Consumers utility revenue		$	1,348		$	243		$	—		$	1,591
Other		—			—			48			48
Revenue recognized from contracts with customers		$	1,348		$	243		$	48		$	1,639
Leasing income		—			—			30			30
Financing income		2			1			—			3
Consumers alternative-revenue programs		1			—			—			1
Total operating revenue – CMS Energy		$	1,351		$	244		$	78		$	1,673
Consumers
Consumers utility revenue
Residential		$	666		$	155					$	821
Commercial		443			38						481
Industrial		175			5						180
Other		64			45						109
Revenue recognized from contracts with customers		$	1,348		$	243					$	1,591
Financing income		2			1						3
Alternative-revenue programs		1			—						1
Other non-segment revenue		—			—						1
Total operating revenue – Consumers		$	1,351		$	244					$	1,596

1Amounts represent NorthStar Clean Energy’s operating revenue from independent power production and its sales of energy commodities. Certain of NorthStar Clean Energy’s power sales agreements are accounted for as operating leases. In addition to fixed payments, these agreements have variable payments based on energy delivered. NorthStar Clean Energy’s leasing income included variable lease payments of $19 million for the three months ended September 30, 2023.

In Millions
Nine Months Ended September 30, 2024	Electric Utility			Gas Utility			NorthStar Clean Energy1			Consolidated
CMS Energy, including Consumers
Consumers utility revenue		$	3,793		$	1,480		$	—		$	5,273
Other		—			—			158			158
Revenue recognized from contracts with customers		$	3,793		$	1,480		$	158		$	5,431
Leasing income		—			—			77			77
Financing income		8			5			—			13
Consumers alternative-revenue programs		5			—			—			5
Total operating revenue – CMS Energy		$	3,806		$	1,485		$	235		$	5,526
Consumers
Consumers utility revenue
Residential		$	1,779		$	998					$	2,777
Commercial		1,279			311						1,590
Industrial		499			37						536
Other		236			134						370
Revenue recognized from contracts with customers		$	3,793		$	1,480					$	5,273
Financing income		8			5						13
Alternative-revenue programs		5			—						5
Total operating revenue – Consumers		$	3,806		$	1,485					$	5,291

1Amounts represent NorthStar Clean Energy’s operating revenue from independent power production and its sales of energy commodities. Certain of NorthStar Clean Energy’s power sales agreements are accounted for as operating leases. In addition to fixed payments, these agreements have variable payments based on energy delivered. NorthStar Clean Energy’s leasing income included variable lease payments of $44 million for the nine months ended September 30, 2024.

In Millions
Nine Months Ended September 30, 2023	Electric Utility			Gas Utility			NorthStar Clean Energy1			Consolidated
CMS Energy, including Consumers
Consumers utility revenue		$	3,552		$	1,715		$	—		$	5,267
Other		—			—			134			134
Revenue recognized from contracts with customers		$	3,552		$	1,715		$	134		$	5,401
Leasing income		—			—			88			88
Financing income		7			5			—			12
Consumers alternative-revenue programs		11			—			—			11
Total operating revenue – CMS Energy		$	3,570		$	1,720		$	222		$	5,512
Consumers
Consumers utility revenue
Residential		$	1,707		$	1,160					$	2,867
Commercial		1,183			353						1,536
Industrial		495			44						539
Other		167			158						325
Revenue recognized from contracts with customers		$	3,552		$	1,715					$	5,267
Financing income		7			5						12
Alternative-revenue programs		11			—						11
Other non-segment revenue		—			—						1
Total operating revenue – Consumers		$	3,570		$	1,720					$	5,291

1Amounts represent NorthStar Clean Energy’s operating revenue from independent power production and its sales of energy commodities. Certain of NorthStar Clean Energy’s power sales agreements are accounted for as operating leases. In addition to fixed payments, these agreements have variable payments based on energy delivered. NorthStar Clean Energy’s leasing income included variable lease payments of $57 million for the nine months ended September 30, 2023.