XML 108 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Assets    
Cash and cash equivalents $ 93 $ 161
Restricted cash and cash equivalents 29 27
Accounts receivable and accrued revenue, less allowances 855 869
Notes receivable 41 49
Accounts receivable - related parties 10 10
Accrued power supply revenue 32  
Inventories at average cost    
Gas in underground storage 820 929
Materials and supplies 96 92
Generating plant fuel stock 168 166
Deferred income taxes   24
Deferred property taxes 190 187
Regulatory assets 35 1
Prepayments and other current assets 53 50
Total current assets 2,422 2,565
Plant, Property, and Equipment    
Plant, property, and equipment, gross 15,592 14,751
Less accumulated depreciation and amortization 5,121 4,901
Plant, property, and equipment, net 10,471 9,850
Construction work in progress 1,080 783
Total plant, property, and equipment 11,551 [1] 10,633 [1]
Other Non-current Assets    
Regulatory assets, noncurrent 2,287 2,466
Accounts and notes receivable 521 462
Investments 57 50
Other 293 276
Total other non-current assets 3,158 3,254
Total Assets 17,131 16,452
Liabilities and Equity    
Current portion of long-term debt, capital and finance lease obligations 541 1,057
Notes payable 110  
Accounts payable 512 575
Accounts payable - related parties 9 9
Accrued rate refunds 6 30
Accrued interest 95 101
Accrued taxes 279 282
Deferred income taxes 68  
Regulatory liabilities, current 25 125
Other current liabilities 152 159
Total current liabilities 1,797 2,338
Non-current Liabilities    
Long-term debt 6,710 6,040
Non-current portion of capital and finance lease obligations 153 167
Regulatory liabilities 2,101 1,875
Postretirement benefits 1,451 1,289
Asset retirement obligations 312 254
Deferred investment tax credit 43 46
Deferred income taxes 1,015 1,035
Other non-current liabilities 311 336
Total non-current liabilities 12,096 11,042
Commitments and Contingencies (Notes 3, 4, 5, and 7)      
Equity    
Common stock 3 3
Other paid-in capital 4,669 4,627
Accumulated other comprehensive loss (55) (49)
Retained earnings (Accumulated deficit) (1,423) (1,553)
Total common stockholders equity 3,194 3,028
Noncontrolling interests 44 44
Total equity 3,238 3,072
Total Liabilities and Equity 17,131 16,452
Consumers Energy Company [Member]
   
Assets    
Cash and cash equivalents 5 85
Restricted cash and cash equivalents 28 26
Accounts receivable and accrued revenue, less allowances 844 860
Notes receivable   23
Accounts receivable - related parties 1 1
Accrued power supply revenue 32  
Inventories at average cost    
Gas in underground storage 816 929
Materials and supplies 92 88
Generating plant fuel stock 167 164
Deferred property taxes 190 187
Regulatory assets 35 1
Prepayments and other current assets 45 43
Total current assets 2,255 2,407
Plant, Property, and Equipment    
Plant, property, and equipment, gross 15,456 14,621
Less accumulated depreciation and amortization 5,061 4,846
Plant, property, and equipment, net 10,395 9,775
Construction work in progress 1,080 782
Total plant, property, and equipment 11,475 [1] 10,557 [1]
Other Non-current Assets    
Regulatory assets, noncurrent 2,287 2,466
Accounts and notes receivable 17 1
Investments 32 35
Other 209 196
Total other non-current assets 2,545 2,698
Total Assets 16,275 15,662
Liabilities and Equity    
Current portion of long-term debt, capital and finance lease obligations 63 363
Notes payable 110  
Accounts payable 501 561
Accounts payable - related parties 11 11
Accrued rate refunds 6 30
Accrued interest 65 73
Accrued taxes 376 287
Deferred income taxes 144 73
Regulatory liabilities, current 25 125
Other current liabilities 109 119
Total current liabilities 1,410 1,642
Non-current Liabilities    
Long-term debt 4,297 3,987
Non-current portion of capital and finance lease obligations 153 167
Regulatory liabilities 2,101 1,875
Postretirement benefits 1,385 1,225
Asset retirement obligations 311 253
Deferred investment tax credit 43 46
Deferred income taxes 1,741 1,817
Other non-current liabilities 252 256
Total non-current liabilities 10,283 9,626
Commitments and Contingencies (Notes 3, 4, 5, and 7)      
Equity    
Common stock 841 841
Other paid-in capital 3,107 2,957
Accumulated other comprehensive loss (8) (2)
Retained earnings (Accumulated deficit) 598 554
Total common stockholders equity 4,538 4,350
Preferred stock 44 44
Total equity 4,582 4,394
Total Liabilities and Equity $ 16,275 $ 15,662
[1] For the year ended December 31, 2012, utility plant additions were $999 million and utility plant retirements were $168 million. For the year ended December 31, 2011, utility plant additions were $700 million and utility plant retirements were $104 million.