Reportable Segments

9 Months Ended

Sep. 30, 2015

Reportable Segments

12:REPORTABLE SEGMENTS

Reportable segments consist of business units defined by the products and services they offer.  CMS Energy and Consumers evaluate the performance of each segment based on its contribution to net income available to CMS Energy’s common stockholders.

CMS Energy

The reportable segments for CMS Energy are:

· electric utility, consisting of regulated activities associated with the generation, transmission, and distribution of electricity in Michigan;

· gas utility, consisting of regulated activities associated with the transportation, storage, and distribution of natural gas in Michigan; and

· enterprises, consisting of various subsidiaries engaging primarily in domestic independent power production.

CMS Energy presents EnerBank and corporate interest and other expenses within other reconciling items.

Consumers

The reportable segments for Consumers are:

· electric utility, consisting of regulated activities associated with the generation, transmission, and distribution of electricity in Michigan; and

· gas utility, consisting of regulated activities associated with the transportation, storage, and distribution of natural gas in Michigan.

Consumers’ other consolidated entities are presented within other reconciling items.

Presented in the following tables is financial information by reportable segment:

In Millions
	Three Months Ended						Nine Months Ended
September 30	2015			2014			2015			2014
CMS Energy, including Consumers
Operating revenue
Electric utility		$	1,233		$	1,153		$	3,273		$	3,428
Gas utility			184			206			1,453			1,699
Enterprises			43			51			148			235
Other reconciling items			26			20			73			59
Total operating revenue – CMS Energy		$	1,486		$	1,430		$	4,947		$	5,421
Consumers
Operating revenue
Electric utility		$	1,233		$	1,153		$	3,273		$	3,428
Gas utility			184			206			1,453			1,699
Other reconciling items			-			-			-			1
Total operating revenue – Consumers		$	1,417		$	1,359		$	4,726		$	5,128
CMS Energy, including Consumers
Net income (loss) available to common stockholders
Electric utility		$	166		$	128		$	342		$	326
Gas utility			(7)			(9)			115			121
Enterprises			3			(7)			10			(3)
Other reconciling items			(14)			(18)			(50)			(63)
Total net income available to common stockholders – CMS Energy		$	148		$	94		$	417		$	381
Consumers
Net income available to common stockholder
Electric utility		$	166		$	128		$	342		$	326
Gas utility			(7)			(9)			115			121
Other reconciling items			1			-			1			1
Total net income available to common stockholder – Consumers		$	160		$	119		$	458		$	448

In Millions
	September 30, 2015			December 31, 2014
CMS Energy, including Consumers
Plant, property, and equipment, gross
Electric utility1		$	12,803		$	12,230
Gas utility1			5,582			5,335
Enterprises			121			115
Other reconciling items			41			41
Total plant, property, and equipment, gross – CMS Energy		$	18,547		$	17,721
Consumers
Plant, property, and equipment, gross
Electric utility1		$	12,803		$	12,230
Gas utility1			5,582			5,335
Other reconciling items			15			15
Total plant, property, and equipment, gross – Consumers		$	18,400		$	17,580
CMS Energy, including Consumers
Total assets
Electric utility1		$	11,828		$	11,582
Gas utility1			5,546			5,391
Enterprises			267			231
Other reconciling items			1,811			1,981
Total assets – CMS Energy		$	19,452		$	19,185
Consumers
Total assets
Electric utility1		$	11,828		$	11,582
Gas utility1			5,546			5,391
Other reconciling items			603			874
Total assets – Consumers		$	17,977		$	17,847

¹ Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.

Consumers Energy Company [Member]

Reportable Segments

12:REPORTABLE SEGMENTS

Reportable segments consist of business units defined by the products and services they offer.  CMS Energy and Consumers evaluate the performance of each segment based on its contribution to net income available to CMS Energy’s common stockholders.

CMS Energy

The reportable segments for CMS Energy are:

· electric utility, consisting of regulated activities associated with the generation, transmission, and distribution of electricity in Michigan;

· gas utility, consisting of regulated activities associated with the transportation, storage, and distribution of natural gas in Michigan; and

· enterprises, consisting of various subsidiaries engaging primarily in domestic independent power production.

CMS Energy presents EnerBank and corporate interest and other expenses within other reconciling items.

Consumers

The reportable segments for Consumers are:

· electric utility, consisting of regulated activities associated with the generation, transmission, and distribution of electricity in Michigan; and

· gas utility, consisting of regulated activities associated with the transportation, storage, and distribution of natural gas in Michigan.

Consumers’ other consolidated entities are presented within other reconciling items.

Presented in the following tables is financial information by reportable segment:

In Millions
	Three Months Ended						Nine Months Ended
September 30	2015			2014			2015			2014
CMS Energy, including Consumers
Operating revenue
Electric utility		$	1,233		$	1,153		$	3,273		$	3,428
Gas utility			184			206			1,453			1,699
Enterprises			43			51			148			235
Other reconciling items			26			20			73			59
Total operating revenue – CMS Energy		$	1,486		$	1,430		$	4,947		$	5,421
Consumers
Operating revenue
Electric utility		$	1,233		$	1,153		$	3,273		$	3,428
Gas utility			184			206			1,453			1,699
Other reconciling items			-			-			-			1
Total operating revenue – Consumers		$	1,417		$	1,359		$	4,726		$	5,128
CMS Energy, including Consumers
Net income (loss) available to common stockholders
Electric utility		$	166		$	128		$	342		$	326
Gas utility			(7)			(9)			115			121
Enterprises			3			(7)			10			(3)
Other reconciling items			(14)			(18)			(50)			(63)
Total net income available to common stockholders – CMS Energy		$	148		$	94		$	417		$	381
Consumers
Net income available to common stockholder
Electric utility		$	166		$	128		$	342		$	326
Gas utility			(7)			(9)			115			121
Other reconciling items			1			-			1			1
Total net income available to common stockholder – Consumers		$	160		$	119		$	458		$	448

In Millions
	September 30, 2015			December 31, 2014
CMS Energy, including Consumers
Plant, property, and equipment, gross
Electric utility1		$	12,803		$	12,230
Gas utility1			5,582			5,335
Enterprises			121			115
Other reconciling items			41			41
Total plant, property, and equipment, gross – CMS Energy		$	18,547		$	17,721
Consumers
Plant, property, and equipment, gross
Electric utility1		$	12,803		$	12,230
Gas utility1			5,582			5,335
Other reconciling items			15			15
Total plant, property, and equipment, gross – Consumers		$	18,400		$	17,580
CMS Energy, including Consumers
Total assets
Electric utility1		$	11,828		$	11,582
Gas utility1			5,546			5,391
Enterprises			267			231
Other reconciling items			1,811			1,981
Total assets – CMS Energy		$	19,452		$	19,185
Consumers
Total assets
Electric utility1		$	11,828		$	11,582
Gas utility1			5,546			5,391
Other reconciling items			603			874
Total assets – Consumers		$	17,977		$	17,847

¹ Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.