Asset Sales

3 Months Ended

Mar. 31, 2019

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Asset Sales

During the first quarter of 2019, management committed to a plan to sell certain portions of high-voltage equipment held by the enterprises segment’s DIG plant and a separate plan to sell a portion of Consumers’ electric utility’s substation transmission assets.

Presented in the following table are the major classes of assets classified as held for sale on CMS Energy’s and Consumers’ consolidated balance sheets at March 31, 2019:



In Millions
CMS Energy, including Consumers
Plant, property, and equipment, net	$	34
Construction work in progress	5
Total assets	$	39
Consumers
Plant, property, and equipment, net	$	30
Construction work in progress	5
Total assets	$	35

Enterprises

In April 2019, DIG completed a sale of high-voltage equipment to ITC and will recognize a gain of $16 million in the second quarter of 2019.

Consumers

Consumers expects to sell substation transmission assets to METC in 2019, at a price above their book value.

Consumers Energy Company