Asset Sales

6 Months Ended

Jun. 30, 2019

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

Asset Sales

Asset Sales

Enterprises

In April 2019, DIG completed a sale of transmission equipment to ITC and recognized a pre-tax gain of $16 million within maintenance and other operating expenses on CMS Energy’s consolidated statements of income.

Consumers

During the first quarter of 2019, management committed to a plan to sell a portion of Consumers’ electric utility’s substation transmission assets. Consumers expects to sell these assets to METC in 2019, at a price above their book value.

Presented in the following table are the major classes of assets classified as held for sale on Consumers’ consolidated balance sheets at June 30, 2019:

In Millions
Plant, property, and equipment, net	$	32
Construction work in progress	8
Total assets	$	40

Consumers Energy Company

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

Asset Sales

Asset Sales

Enterprises

In April 2019, DIG completed a sale of transmission equipment to ITC and recognized a pre-tax gain of $16 million within maintenance and other operating expenses on CMS Energy’s consolidated statements of income.

Consumers

During the first quarter of 2019, management committed to a plan to sell a portion of Consumers’ electric utility’s substation transmission assets. Consumers expects to sell these assets to METC in 2019, at a price above their book value.

Presented in the following table are the major classes of assets classified as held for sale on Consumers’ consolidated balance sheets at June 30, 2019:

In Millions
Plant, property, and equipment, net	$	32
Construction work in progress	8
Total assets	$	40