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Consumers Energy Company Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Revenue $ 2,447 $ 2,176
Operating Expenses    
Operating Income 494 412
Other Income (Expense)    
Non-operating retirement benefits, net 42 44
Other income 14 44
Other expense (6) (2)
Total other income 50 86
Interest Charges    
Interest on long-term debt 187 172
Allowance for borrowed funds used during construction (3) 0
Total interest charges 186 177
Income (Loss) Before Income Taxes 358 321
Income Tax Expense 63 58
Net Income (Loss) Available to Common Stockholders 302 285
Related Party    
Interest Charges    
Other interest expense 3 3
Nonrelated Party    
Interest Charges    
Other interest expense   2
Consumers Energy Company    
Operating Revenue 2,348 2,097
Operating Expenses    
Fuel for electric generation 193 125
Purchased and interchange power 335 306
Purchased power – related parties 18 18
Cost of gas sold 382 350
Maintenance and other operating expenses 373 378
Depreciation and amortization 375 356
General taxes 159 152
Total operating expenses 1,835 1,685
Operating Income 513 412
Other Income (Expense)    
Non-operating retirement benefits, net 39 41
Other income 10 17
Other expense (3) (2)
Total other income 46 56
Interest Charges    
Interest on long-term debt 122 121
Allowance for borrowed funds used during construction (2) 0
Total interest charges 130 129
Income (Loss) Before Income Taxes 429 339
Income Tax Expense 83 64
Net Income (Loss) Available to Common Stockholders 346 275
Consumers Energy Company | Related Party    
Interest Charges    
Other interest expense 10 6
Consumers Energy Company | Nonrelated Party    
Interest Charges    
Other interest expense $ 0 $ 2