Reportable Segments

9 Months Ended

Sep. 30, 2014

Reportable Segments

11: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 and corporate interest and other expenses.

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	2014			2013			2014			2013
CMS Energy, including Consumers
Operating revenue
Electric utility		$	1,153		$	1,188		$	3,428		$	3,175
Gas utility			206			198			1,699			1,472
Enterprises			51			44			235			136
Other			20			15			59			47
Total operating revenue – CMS Energy		$	1,430		$	1,445		$	5,421		$	4,830
Consumers
Operating revenue
Electric utility		$	1,153		$	1,188		$	3,428		$	3,175
Gas utility			206			198			1,699			1,472
Other			-			-			1			-
Total operating revenue – Consumers		$	1,359		$	1,386		$	5,128		$	4,647
CMS Energy, including Consumers
Net income (loss) available to common stockholders
Electric utility		$	128		$	156		$	326		$	315
Gas utility			(9)			(4)			121			97
Enterprises			(7)			(4)			(3)			1
Other			(18)			(22)			(63)			(63)
Total net income available to common stockholders    – CMS Energy		$	94		$	126		$	381		$	350
Consumers
Net income (loss) available to common stockholder
Electric utility		$	128		$	156		$	326		$	315
Gas utility			(9)			(4)			121			97
Other			-			-			1			1
Total net income available to common stockholder    – Consumers		$	119		$	152		$	448		$	413

In Millions
	September 30, 2014			December 31, 2013
CMS Energy, including Consumers
Plant, property, and equipment, gross
Electric utility1		$	11,790		$	11,186
Gas utility1			5,208			4,843
Enterprises			116			115
Other			41			40
Total plant, property, and equipment, gross – CMS Energy		$	17,155		$	16,184
Consumers
Plant, property, and equipment, gross
Electric utility1		$	11,790		$	11,186
Gas utility1			5,208			4,843
Other			15			15
Total plant, property, and equipment, gross – Consumers		$	17,013		$	16,044
CMS Energy, including Consumers
Total assets
Electric utility1		$	11,029		$	10,487
Gas utility1			5,242			4,784
Enterprises			318			332
Other			1,792			1,813
Total assets – CMS Energy		$	18,381		$	17,416
Consumers
Total assets
Electric utility1		$	11,029		$	10,487
Gas utility1			5,242			4,784
Other			648			908
Total assets – Consumers		$	16,919		$	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

11: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 and corporate interest and other expenses.

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	2014			2013			2014			2013
CMS Energy, including Consumers
Operating revenue
Electric utility		$	1,153		$	1,188		$	3,428		$	3,175
Gas utility			206			198			1,699			1,472
Enterprises			51			44			235			136
Other			20			15			59			47
Total operating revenue – CMS Energy		$	1,430		$	1,445		$	5,421		$	4,830
Consumers
Operating revenue
Electric utility		$	1,153		$	1,188		$	3,428		$	3,175
Gas utility			206			198			1,699			1,472
Other			-			-			1			-
Total operating revenue – Consumers		$	1,359		$	1,386		$	5,128		$	4,647
CMS Energy, including Consumers
Net income (loss) available to common stockholders
Electric utility		$	128		$	156		$	326		$	315
Gas utility			(9)			(4)			121			97
Enterprises			(7)			(4)			(3)			1
Other			(18)			(22)			(63)			(63)
Total net income available to common stockholders    – CMS Energy		$	94		$	126		$	381		$	350
Consumers
Net income (loss) available to common stockholder
Electric utility		$	128		$	156		$	326		$	315
Gas utility			(9)			(4)			121			97
Other			-			-			1			1
Total net income available to common stockholder    – Consumers		$	119		$	152		$	448		$	413

In Millions
	September 30, 2014			December 31, 2013
CMS Energy, including Consumers
Plant, property, and equipment, gross
Electric utility1		$	11,790		$	11,186
Gas utility1			5,208			4,843
Enterprises			116			115
Other			41			40
Total plant, property, and equipment, gross – CMS Energy		$	17,155		$	16,184
Consumers
Plant, property, and equipment, gross
Electric utility1		$	11,790		$	11,186
Gas utility1			5,208			4,843
Other			15			15
Total plant, property, and equipment, gross – Consumers		$	17,013		$	16,044
CMS Energy, including Consumers
Total assets
Electric utility1		$	11,029		$	10,487
Gas utility1			5,242			4,784
Enterprises			318			332
Other			1,792			1,813
Total assets – CMS Energy		$	18,381		$	17,416
Consumers
Total assets
Electric utility1		$	11,029		$	10,487
Gas utility1			5,242			4,784
Other			648			908
Total assets – Consumers		$	16,919		$	16,179

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