Reportable Segments

3 Months Ended

Mar. 31, 2014

Reportable Segments

10: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 March 31	2014			2013
CMS Energy, including Consumers
Operating revenue
Electric utility		$	1,224		$	961
Gas utility			1,158			958
Enterprises			122			44
Other			19			16
Total operating revenue – CMS Energy		$	2,523		$	1,979
Consumers
Operating revenue
Electric utility		$	1,224		$	961
Gas utility			1,158			958
Total operating revenue – Consumers		$	2,382		$	1,919
CMS Energy, including Consumers
Net income (loss) available to common stockholders
Electric utility		$	100		$	66
Gas utility			121			96
Enterprises			2			4
Other			(19)			(22)
Total net income available to common stockholders – CMS Energy		$	204		$	144
Consumers
Net income available to common stockholder
Electric utility		$	100		$	66
Gas utility			121			96
Total net income available to common stockholder – Consumers		$	221		$	162

In Millions
	March 31, 2014			December 31, 2013
CMS Energy, including Consumers
Plant, property, and equipment, gross
Electric utility		$	11,270		$	11,186
Gas utility			4,896			4,843
Enterprises			116			115
Other			40			40
Total plant, property, and equipment, gross – CMS Energy		$	16,322		$	16,184
Consumers
Plant, property, and equipment, gross
Electric utility		$	11,270		$	11,186
Gas utility			4,896			4,843
Other			15			15
Total plant, property, and equipment, gross – Consumers		$	16,181		$	16,044
CMS Energy, including Consumers
Total assets
Electric utility1		$	10,719		$	10,487
Gas utility1			4,554			4,784
Enterprises			310			332
Other			2,341			1,813
Total assets – CMS Energy		$	17,924		$	17,416
Consumers
Total assets
Electric utility1		$	10,719		$	10,487
Gas utility1			4,554			4,784
Other			1,039			908
Total assets – Consumers		$	16,312		$	16,179

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

10: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 March 31	2014			2013
CMS Energy, including Consumers
Operating revenue
Electric utility		$	1,224		$	961
Gas utility			1,158			958
Enterprises			122			44
Other			19			16
Total operating revenue – CMS Energy		$	2,523		$	1,979
Consumers
Operating revenue
Electric utility		$	1,224		$	961
Gas utility			1,158			958
Total operating revenue – Consumers		$	2,382		$	1,919
CMS Energy, including Consumers
Net income (loss) available to common stockholders
Electric utility		$	100		$	66
Gas utility			121			96
Enterprises			2			4
Other			(19)			(22)
Total net income available to common stockholders – CMS Energy		$	204		$	144
Consumers
Net income available to common stockholder
Electric utility		$	100		$	66
Gas utility			121			96
Total net income available to common stockholder – Consumers		$	221		$	162

In Millions
	March 31, 2014			December 31, 2013
CMS Energy, including Consumers
Plant, property, and equipment, gross
Electric utility		$	11,270		$	11,186
Gas utility			4,896			4,843
Enterprises			116			115
Other			40			40
Total plant, property, and equipment, gross – CMS Energy		$	16,322		$	16,184
Consumers
Plant, property, and equipment, gross
Electric utility		$	11,270		$	11,186
Gas utility			4,896			4,843
Other			15			15
Total plant, property, and equipment, gross – Consumers		$	16,181		$	16,044
CMS Energy, including Consumers
Total assets
Electric utility1		$	10,719		$	10,487
Gas utility1			4,554			4,784
Enterprises			310			332
Other			2,341			1,813
Total assets – CMS Energy		$	17,924		$	17,416
Consumers
Total assets
Electric utility1		$	10,719		$	10,487
Gas utility1			4,554			4,784
Other			1,039			908
Total assets – Consumers		$	16,312		$	16,179

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