Exit Activities and Asset Sales (Tables)

9 Months Ended

Sep. 30, 2025

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
Nine Months Ended September 30	2025			2024
Retention benefit liability at beginning of period		$	14		$	16
Costs deferred as a regulatory asset1		4			6
Retention benefit liability at the end of the period2		$	18		$	22

1Includes $1 million for the three months ended September 30, 2025 and $3 million for the three months ended September 30, 2024.

2Includes current portion of other liabilities of $18 million at September 30, 2025 and $9 million at September 30, 2024.

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
Nine Months Ended September 30	2025			2024
Retention benefit liability at beginning of period		$	14		$	16
Costs deferred as a regulatory asset1		4			6
Retention benefit liability at the end of the period2		$	18		$	22

1Includes $1 million for the three months ended September 30, 2025 and $3 million for the three months ended September 30, 2024.

2Includes current portion of other liabilities of $18 million at September 30, 2025 and $9 million at September 30, 2024.