Consumers Energy Company Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Operating Revenue	$ 2,021	$ 1,743	$ 6,306	$ 5,526
Operating Expenses
Operating Income	481	367	1,292	1,062
Other Income (Expense)
Non-operating retirement benefits, net	48	42	137	127
Other income	19	46	128	167
Other expense	(5)	(4)	(16)	(11)
Total other income	62	84	249	283
Interest Charges
Interest on long-term debt	204	176	590	519
Allowance for borrowed funds used during construction	(3)	(5)	(9)	(11)
Total interest charges	203	178	588	528
Income (Loss) Before Income Taxes	340	273	953	817
Income Tax Expense	68	26	193	125
Net Income	277	253	782	738
Preferred Stock Dividends	2	2	7	7
Net Income (Loss) Available to Common Stockholders	275	251	775	731
Related Party
Interest Charges
Other interest expense	2	3	8	9
Nonrelated Party
Interest Charges
Other interest expense	0	4		11
Consumers Energy Company
Operating Revenue	1,913	1,661	6,007	5,291
Operating Expenses
Fuel for electric generation	113	150	419	366
Purchased and interchange power	490	346	1,219	989
Purchased power – related parties	21	19	69	53
Cost of gas sold	40	31	545	447
Maintenance and other operating expenses	388	381	1,137	1,136
Depreciation and amortization	274	261	925	878
General taxes	104	95	369	346
Total operating expenses	1,430	1,283	4,683	4,215
Operating Income	483	378	1,324	1,076
Other Income (Expense)
Non-operating retirement benefits, net	44	39	128	118
Other income	15	24	44	67
Other expense	(4)	(3)	(11)	(10)
Total other income	55	60	161	175
Interest Charges
Interest on long-term debt	135	123	388	364
Allowance for borrowed funds used during construction	(3)	(4)	(8)	(8)
Total interest charges	145	131	416	386
Income (Loss) Before Income Taxes	393	307	1,069	865
Income Tax Expense	79	34	221	139
Net Income	314	273	848	726
Preferred Stock Dividends	0	0	1	1
Net Income (Loss) Available to Common Stockholders	314	273	847	725
Consumers Energy Company | Related Party
Interest Charges
Other interest expense	10	9	30	22
Consumers Energy Company | Nonrelated Party
Interest Charges
Other interest expense	$ 3	$ 3	$ 6	$ 8