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Reportable Segments (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting Information [Line Items]  
Schedule of Financial Information by Reportable Segments
Presented in the following tables is financial information by segment:
In Millions
Three Months Ended March 31, 2025Electric UtilityGas UtilityNorthStar Clean EnergySegments TotalOther Reconciling ItemsConsolidated
CMS Energy, including Consumers
Operating revenue$1,299 $1,049 $99 $2,447 $— $2,447 
Operating expenses
Power supply cost1
546 — 69 615 — 615 
Cost of gas sold— 382 383 — 383 
Maintenance and other operating expenses257 116 30 403 405 
Depreciation and amortization221 154 13 388 — 388 
General taxes73 86 162 — 162 
Total operating expenses1,097 738 116 1,951 1,953 
Operating Income (Loss)202 311 (17)496 (2)494 
Other income27 19 47 50 
Interest charges82 48 — 130 56 186 
Income (Loss) Before Income Taxes147 282 (16)413 (55)358 
Income tax expense (benefit)23 69 11 103 (40)63 
Income (Loss) From Continuing Operations124 213 (27)310 (15)295 
Other segment items2
— — (2)
Net Income (Loss) Available to Common Stockholders$124 $213 $(18)$319 $(17)$302 
Property, plant, and equipment, gross$20,340 
3
$13,412 
3
$1,505 $35,257 $24 $35,281 
Total assets20,875 
3
13,025 
3
1,977 35,877 418 36,295 
1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.
2Other segment items comprise of loss attributable to noncontrolling interests and preferred stock dividends.
3Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.
In Millions
Three Months Ended March 31, 2025Electric UtilityGas UtilitySegments TotalOther Reconciling ItemsConsolidated
Consumers
Operating revenue$1,299 $1,049 $2,348 $— $2,348 
Operating expenses
Power supply cost1
546 — 546 — 546 
Cost of gas sold— 382 382 — 382 
Maintenance and other operating expenses257 116 373 — 373 
Depreciation and amortization221 154 375 — 375 
General taxes73 86 159 — 159 
Total operating expenses1,097 738 1,835 — 1,835 
Operating Income202 311 513 — 513 
Other income27 19 46 — 46 
Interest charges82 48 130 — 130 
Income Before Income Taxes147 282 429 — 429 
Income tax expense (benefit)23 69 92 (9)83 
Net Income124 213 337 346 
Other segment items2
— — — — — 
Net Income Available to Common Stockholder$124 $213 $337 $$346 
Property, plant, and equipment, gross$20,340 
3
$13,412 
3
$33,752 $30 $33,782 
Total assets20,930 
3
13,068 
3
33,998 31 34,029 
1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.
2Other segment items comprise of preferred stock dividends.
3Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.
In Millions
Three Months Ended March 31, 2024Electric UtilityGas UtilityNorthStar Clean EnergySegments TotalOther Reconciling ItemsConsolidated
CMS Energy, including Consumers
Operating revenue$1,132 $965 $79 $2,176 $— $2,176 
Operating expenses
Power supply cost1
449 — 39 488 — 488 
Cost of gas sold— 350 351 — 351 
Maintenance and other operating expenses238 140 22 400 402 
Depreciation and amortization213 143 11 367 368 
General taxes71 81 155 — 155 
Total operating expenses971 714 76 1,761 1,764 
Operating Income (Loss)161 251 415 (3)412 
Other income34 22 62 24 86 
Interest charges81 48 130 47 177 
Income (Loss) Before Income Taxes114 225 347 (26)321 
Income tax expense (benefit)17 56 74 (16)58 
Income (Loss) From Continuing Operations97 169 273 (10)263 
Other segment items2
— — 24 24 (2)22 
Net Income (Loss) Available to Common Stockholders$97 $169 $31 $297 $(12)$285 
Property, plant, and equipment, gross$19,317 
3
$12,475 
3
$1,424 $33,216 $20 $33,236 
Total assets19,759 
3
12,305 
3
1,615 33,679 222 33,901 
1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.
2Other segment items comprise of loss attributable to noncontrolling interests and preferred stock dividends.
3Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.
In Millions
Three Months Ended March 31, 2024Electric UtilityGas UtilitySegments TotalOther Reconciling ItemsConsolidated
Consumers
Operating revenue$1,132 $965 $2,097 $— $2,097 
Operating expenses
Power supply cost1
449 — 449 — 449 
Cost of gas sold— 350 350 — 350 
Maintenance and other operating expenses238 140 378 — 378 
Depreciation and amortization213 143 356 — 356 
General taxes71 81 152 — 152 
Total operating expenses971 714 1,685 — 1,685 
Operating Income161 251 412 — 412 
Other income34 22 56 — 56 
Interest charges81 48 129 — 129 
Income Before Income Taxes114 225 339 — 339 
Income tax expense (benefit)17 56 73 (9)64 
Net Income97 169 266 275 
Other segment items2
— — — — — 
Net Income Available to Common Stockholder$97 $169 $266 $$275 
Property, plant, and equipment, gross$19,317 
3
$12,475 
3
$31,792 $28 $31,820 
Total assets19,818 
3
12,348 
3
32,166 43 32,209 
1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.
2Other segment items comprise of preferred stock dividends.
3Amounts 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]  
Schedule of Financial Information by Reportable Segments
Presented in the following tables is financial information by segment:
In Millions
Three Months Ended March 31, 2025Electric UtilityGas UtilityNorthStar Clean EnergySegments TotalOther Reconciling ItemsConsolidated
CMS Energy, including Consumers
Operating revenue$1,299 $1,049 $99 $2,447 $— $2,447 
Operating expenses
Power supply cost1
546 — 69 615 — 615 
Cost of gas sold— 382 383 — 383 
Maintenance and other operating expenses257 116 30 403 405 
Depreciation and amortization221 154 13 388 — 388 
General taxes73 86 162 — 162 
Total operating expenses1,097 738 116 1,951 1,953 
Operating Income (Loss)202 311 (17)496 (2)494 
Other income27 19 47 50 
Interest charges82 48 — 130 56 186 
Income (Loss) Before Income Taxes147 282 (16)413 (55)358 
Income tax expense (benefit)23 69 11 103 (40)63 
Income (Loss) From Continuing Operations124 213 (27)310 (15)295 
Other segment items2
— — (2)
Net Income (Loss) Available to Common Stockholders$124 $213 $(18)$319 $(17)$302 
Property, plant, and equipment, gross$20,340 
3
$13,412 
3
$1,505 $35,257 $24 $35,281 
Total assets20,875 
3
13,025 
3
1,977 35,877 418 36,295 
1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.
2Other segment items comprise of loss attributable to noncontrolling interests and preferred stock dividends.
3Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.
In Millions
Three Months Ended March 31, 2025Electric UtilityGas UtilitySegments TotalOther Reconciling ItemsConsolidated
Consumers
Operating revenue$1,299 $1,049 $2,348 $— $2,348 
Operating expenses
Power supply cost1
546 — 546 — 546 
Cost of gas sold— 382 382 — 382 
Maintenance and other operating expenses257 116 373 — 373 
Depreciation and amortization221 154 375 — 375 
General taxes73 86 159 — 159 
Total operating expenses1,097 738 1,835 — 1,835 
Operating Income202 311 513 — 513 
Other income27 19 46 — 46 
Interest charges82 48 130 — 130 
Income Before Income Taxes147 282 429 — 429 
Income tax expense (benefit)23 69 92 (9)83 
Net Income124 213 337 346 
Other segment items2
— — — — — 
Net Income Available to Common Stockholder$124 $213 $337 $$346 
Property, plant, and equipment, gross$20,340 
3
$13,412 
3
$33,752 $30 $33,782 
Total assets20,930 
3
13,068 
3
33,998 31 34,029 
1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.
2Other segment items comprise of preferred stock dividends.
3Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.
In Millions
Three Months Ended March 31, 2024Electric UtilityGas UtilityNorthStar Clean EnergySegments TotalOther Reconciling ItemsConsolidated
CMS Energy, including Consumers
Operating revenue$1,132 $965 $79 $2,176 $— $2,176 
Operating expenses
Power supply cost1
449 — 39 488 — 488 
Cost of gas sold— 350 351 — 351 
Maintenance and other operating expenses238 140 22 400 402 
Depreciation and amortization213 143 11 367 368 
General taxes71 81 155 — 155 
Total operating expenses971 714 76 1,761 1,764 
Operating Income (Loss)161 251 415 (3)412 
Other income34 22 62 24 86 
Interest charges81 48 130 47 177 
Income (Loss) Before Income Taxes114 225 347 (26)321 
Income tax expense (benefit)17 56 74 (16)58 
Income (Loss) From Continuing Operations97 169 273 (10)263 
Other segment items2
— — 24 24 (2)22 
Net Income (Loss) Available to Common Stockholders$97 $169 $31 $297 $(12)$285 
Property, plant, and equipment, gross$19,317 
3
$12,475 
3
$1,424 $33,216 $20 $33,236 
Total assets19,759 
3
12,305 
3
1,615 33,679 222 33,901 
1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.
2Other segment items comprise of loss attributable to noncontrolling interests and preferred stock dividends.
3Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.
In Millions
Three Months Ended March 31, 2024Electric UtilityGas UtilitySegments TotalOther Reconciling ItemsConsolidated
Consumers
Operating revenue$1,132 $965 $2,097 $— $2,097 
Operating expenses
Power supply cost1
449 — 449 — 449 
Cost of gas sold— 350 350 — 350 
Maintenance and other operating expenses238 140 378 — 378 
Depreciation and amortization213 143 356 — 356 
General taxes71 81 152 — 152 
Total operating expenses971 714 1,685 — 1,685 
Operating Income161 251 412 — 412 
Other income34 22 56 — 56 
Interest charges81 48 129 — 129 
Income Before Income Taxes114 225 339 — 339 
Income tax expense (benefit)17 56 73 (9)64 
Net Income97 169 266 275 
Other segment items2
— — — — — 
Net Income Available to Common Stockholder$97 $169 $266 $$275 
Property, plant, and equipment, gross$19,317 
3
$12,475 
3
$31,792 $28 $31,820 
Total assets19,818 
3
12,348 
3
32,166 43 32,209 
1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.
2Other segment items comprise of preferred stock dividends.
3Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.