Reportable Segments

9 Months Ended

Sep. 30, 2013

Reportable Segments

9:REPORTABLE SEGMENTS

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.  The reportable segments for CMS Energy and Consumers are:

CMS Energy:

· electric utility, consisting of regulated activities associated with the generation and distribution of electricity in Michigan;

· gas utility, consisting of regulated activities associated with the transportation, storage, and distribution of natural gas in Michigan;

· enterprises, consisting of various subsidiaries engaging primarily in domestic independent power production; and

· other, including EnerBank, corporate interest and other expenses, and discontinued operations.

Consumers:

· electric utility, consisting of regulated activities associated with the generation and distribution of electricity in Michigan;

· gas utility, consisting of regulated activities associated with the transportation, storage, and distribution of natural gas in Michigan; and

· other, including a consolidated special-purpose entity for the sale of accounts receivable.

Presented in the following tables is financial information by reportable segment:

In Millions
	Three Months Ended						Nine Months Ended
September 30	2013			2012			2013			2012
CMS Energy, including Consumers
Operating revenue
Electric utility		$	1,188		$	1,239		$	3,175		$	3,073
Gas utility			198			209			1,472			1,332
Enterprises			44			44			136			136
Other			15			15			47			42
Total operating revenue – CMS Energy		$	1,445		$	1,507		$	4,830		$	4,583
Consumers
Operating revenue
Electric utility		$	1,188		$	1,239		$	3,175		$	3,073
Gas utility			198			209			1,472			1,332
Total operating revenue – Consumers		$	1,386		$	1,448		$	4,647		$	4,405
CMS Energy, including Consumers
Net income (loss) available to common stockholders
Electric utility		$	156		$	165		$	315		$	297
Gas utility			(4)			(3)			97			61
Enterprises			(4)			5			1			9
Other			(22)			(19)			(63)			(52)
Total net income available to common
stockholders – CMS Energy		$	126		$	148		$	350		$	315
Consumers
Net income (loss) available to common stockholder
Electric utility		$	156		$	165		$	315		$	297
Gas utility			(4)			(3)			97			61
Other			-			-			1			1
Total net income available to common
stockholder – Consumers		$	152		$	162		$	413		$	359

In Millions
	September 30, 2013			December 31, 2012
CMS Energy, including Consumers
Plant, property, and equipment, gross
Electric utility		$	11,652		$	11,041
Gas utility			4,759			4,400
Enterprises			116			113
Other			39			38
Total plant, property, and equipment, gross – CMS Energy		$	16,566		$	15,592
Consumers
Plant, property, and equipment, gross
Electric utility		$	11,652		$	11,041
Gas utility			4,759			4,400
Other			15			15
Total plant, property, and equipment, gross – Consumers		$	16,426		$	15,456
CMS Energy, including Consumers
Total assets
Electric utility1		$	10,412		$	10,423
Gas utility1			5,039			5,016
Enterprises			188			181
Other			1,347			1,511
Total assets – CMS Energy		$	16,986		$	17,131
Consumers
Total assets
Electric utility1		$	10,412		$	10,423
Gas utility1			5,039			5,016
Other			643			836
Total assets – Consumers		$	16,094		$	16,275

¹ Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.

Consumers Energy Company [Member]

Reportable Segments

9:REPORTABLE SEGMENTS

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.  The reportable segments for CMS Energy and Consumers are:

CMS Energy:

· electric utility, consisting of regulated activities associated with the generation and distribution of electricity in Michigan;

· gas utility, consisting of regulated activities associated with the transportation, storage, and distribution of natural gas in Michigan;

· enterprises, consisting of various subsidiaries engaging primarily in domestic independent power production; and

· other, including EnerBank, corporate interest and other expenses, and discontinued operations.

Consumers:

· electric utility, consisting of regulated activities associated with the generation and distribution of electricity in Michigan;

· gas utility, consisting of regulated activities associated with the transportation, storage, and distribution of natural gas in Michigan; and

· other, including a consolidated special-purpose entity for the sale of accounts receivable.

Presented in the following tables is financial information by reportable segment:

In Millions
	Three Months Ended						Nine Months Ended
September 30	2013			2012			2013			2012
CMS Energy, including Consumers
Operating revenue
Electric utility		$	1,188		$	1,239		$	3,175		$	3,073
Gas utility			198			209			1,472			1,332
Enterprises			44			44			136			136
Other			15			15			47			42
Total operating revenue – CMS Energy		$	1,445		$	1,507		$	4,830		$	4,583
Consumers
Operating revenue
Electric utility		$	1,188		$	1,239		$	3,175		$	3,073
Gas utility			198			209			1,472			1,332
Total operating revenue – Consumers		$	1,386		$	1,448		$	4,647		$	4,405
CMS Energy, including Consumers
Net income (loss) available to common stockholders
Electric utility		$	156		$	165		$	315		$	297
Gas utility			(4)			(3)			97			61
Enterprises			(4)			5			1			9
Other			(22)			(19)			(63)			(52)
Total net income available to common
stockholders – CMS Energy		$	126		$	148		$	350		$	315
Consumers
Net income (loss) available to common stockholder
Electric utility		$	156		$	165		$	315		$	297
Gas utility			(4)			(3)			97			61
Other			-			-			1			1
Total net income available to common
stockholder – Consumers		$	152		$	162		$	413		$	359

In Millions
	September 30, 2013			December 31, 2012
CMS Energy, including Consumers
Plant, property, and equipment, gross
Electric utility		$	11,652		$	11,041
Gas utility			4,759			4,400
Enterprises			116			113
Other			39			38
Total plant, property, and equipment, gross – CMS Energy		$	16,566		$	15,592
Consumers
Plant, property, and equipment, gross
Electric utility		$	11,652		$	11,041
Gas utility			4,759			4,400
Other			15			15
Total plant, property, and equipment, gross – Consumers		$	16,426		$	15,456
CMS Energy, including Consumers
Total assets
Electric utility1		$	10,412		$	10,423
Gas utility1			5,039			5,016
Enterprises			188			181
Other			1,347			1,511
Total assets – CMS Energy		$	16,986		$	17,131
Consumers
Total assets
Electric utility1		$	10,412		$	10,423
Gas utility1			5,039			5,016
Other			643			836
Total assets – Consumers		$	16,094		$	16,275

¹ Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.