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Consumers Energy Company Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Revenue $ 2,176 $ 2,284
Operating Expenses    
Operating Income 412 314
Other Income (Expense)    
Non-operating retirement benefits, net 44 45
Other income 44 15
Other expense (2) (4)
Total other income 86 56
Interest Charges    
Interest on long-term debt 172 144
Total interest charges 177 147
Income Before Income Taxes 321 223
Income Tax Expense 58 29
Net income (loss) available to common stockholders 285 202
Related Party    
Interest Charges    
Other interest expense 3 3
Nonrelated Party    
Interest Charges    
Other interest expense 2 0
Consumers Energy Company    
Operating Revenue 2,097 2,210
Operating Expenses    
Fuel for electric generation 125 98
Purchased and interchange power 306 334
Purchased power – related parties 18 19
Cost of gas sold 350 546
Maintenance and other operating expenses 378 409
Depreciation and amortization 356 344
General taxes 152 139
Total operating expenses 1,685 1,889
Operating Income 412 321
Other Income (Expense)    
Non-operating retirement benefits, net 41 43
Other income 17 12
Other expense (2) (4)
Total other income 56 51
Interest Charges    
Interest on long-term debt 121 99
Total interest charges 129 102
Income Before Income Taxes 339 270
Income Tax Expense 64 38
Net income (loss) available to common stockholders 275 232
Consumers Energy Company | Related Party    
Interest Charges    
Other interest expense 6 3
Consumers Energy Company | Nonrelated Party    
Interest Charges    
Other interest expense $ 2 $ 0