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Consumers Energy Company Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Revenue $ 7,515 $ 7,462 $ 8,596
Operating Expenses      
Operating Income 1,487 1,235 1,224
Other Income (Expense)      
Non-operating retirement benefits, net 169 180 205
Other income 207 195 19
Other expense (32) (13) (27)
Total other income 344 362 197
Interest Charges      
Interest on long-term debt 700 616 509
Allowance for borrowed funds used during construction (18) (3) (2)
Total interest charges 708 643 519
Income (Loss) Before Income Taxes 1,123 954 902
Income Tax Expense 176 147 93
Net Income 1,003 887 837
Preferred Stock Dividends 10 10 10
Net Income (Loss) Available to Common Stockholders 993 877 827
Related Party      
Interest Charges      
Other interest expense 12 12 12
Nonrelated Party      
Interest Charges      
Other interest expense 14 18 0
Consumers Energy Company      
Operating Revenue 7,200 7,166 8,151
Operating Expenses      
Fuel for electric generation 511 435 662
Purchased and interchange power 1,285 1,331 1,867
Purchased power – related parties 71 75 76
Cost of gas sold 637 897 1,243
Maintenance and other operating expenses 1,520 1,586 1,582
Depreciation and amortization 1,191 1,137 1,088
General taxes 470 437 400
Total operating expenses 5,685 5,898 6,918
Operating Income 1,515 1,268 1,233
Other Income (Expense)      
Non-operating retirement benefits, net 157 171 195
Other income 85 49 17
Other expense (30) (12) (25)
Total other income 212 208 187
Interest Charges      
Interest on long-term debt 488 415 325
Allowance for borrowed funds used during construction (13) (3) (2)
Total interest charges 518 448 335
Income (Loss) Before Income Taxes 1,209 1,028 1,085
Income Tax Expense 200 161 140
Net Income 1,009 867 945
Preferred Stock Dividends 2 2 2
Net Income (Loss) Available to Common Stockholders 1,007 865 943
Consumers Energy Company | Related Party      
Interest Charges      
Other interest expense 31 20 12
Consumers Energy Company | Nonrelated Party      
Interest Charges      
Other interest expense $ 12 $ 16 $ 0