Reportable Segments

3 Months Ended

Mar. 31, 2020

Segment Reporting Information [Line Items]

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 segments reported for CMS Energy are:


•	electric utility, consisting of regulated activities associated with the generation, purchase, transmission, distribution, and sale of electricity in Michigan


•	gas utility, consisting of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan


•	enterprises, consisting of various subsidiaries engaging in domestic independent power production, including the development and operation of renewable generation, and the marketing of independent power production


•	EnerBank, a Utah state-chartered, FDIC-insured industrial bank providing primarily unsecured, fixed-rate installment loans throughout the U.S. to finance home improvements

CMS Energy presents corporate interest and other expenses and Consumers’ other consolidated entities within other reconciling items.

Consumers

The segments reported for Consumers are:


•	electric utility, consisting of regulated activities associated with the generation, purchase, transmission, distribution, and sale of electricity in Michigan


•	gas utility, consisting of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan

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

Presented in the following tables is financial information by segment:



In Millions
Three Months Ended March 31	2020				2019
CMS Energy, including Consumers
Operating revenue
Electric utility		$	1,028			$	1,103
Gas utility		716				840
Enterprises		58				67
EnerBank		62				49
Total operating revenue – CMS Energy		$	1,864			$	2,059
Consumers
Operating revenue
Electric utility		$	1,028			$	1,103
Gas utility		716				840
Total operating revenue – Consumers		$	1,744			$	1,943
CMS Energy, including Consumers
Net income (loss) available to common stockholders
Electric utility		$	118			$	105
Gas utility		117				121
Enterprises¹		20				7
EnerBank¹		14				11
Other reconciling items¹		(26		)		(31		)
Total net income available to common stockholders – CMS Energy		$	243			$	213
Consumers
Net income available to common stockholder
Electric utility		$	118			$	105
Gas utility		117				121
Total net income available to common stockholder – Consumers		$	235			$	226


¹	Prior period amounts have been reclassified to reflect changes in segment reporting.



In Millions
	March 31, 2020			December 31, 2019
CMS Energy, including Consumers
Plant, property, and equipment, gross
Electric utility¹		$	16,338		$	16,158
Gas utility¹		8,887			8,785
Enterprises		407			405
EnerBank		22			22
Other reconciling items		21			20
Total plant, property, and equipment, gross – CMS Energy		$	25,675		$	25,390
Consumers
Plant, property, and equipment, gross
Electric utility¹		$	16,338		$	16,158
Gas utility¹		8,887			8,785
Other reconciling items		21			20
Total plant, property, and equipment, gross – Consumers		$	25,246		$	24,963
CMS Energy, including Consumers
Total assets
Electric utility¹		$	15,397		$	14,911
Gas utility¹		8,678			8,659
Enterprises		553			527
EnerBank		2,640			2,692
Other reconciling items		179			48
Total assets – CMS Energy		$	27,447		$	26,837
Consumers
Total assets
Electric utility¹		$	15,459		$	14,973
Gas utility¹		8,725			8,706
Other reconciling items		22			20
Total assets – Consumers		$	24,206		$	23,699

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

Consumers Energy Company