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Leases And Palisades Financing (Tables)
12 Months Ended
Dec. 31, 2017
Schedule of Rent Expense



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

In Millions  

Years Ended December 31

2017  2016  2015 

 

Consumers

Minimum operating lease expense

 

 

 

 

 

 

 

 

 

 

PPAs

 

$

 

$

 

$

 

Other agreements

 

 

15 

 

 

14 

 

 

19 

 

Contingent rental expense1

 

 

96 

 

 

82 

 

 

82 

 



1Contingent rental expense is related to capital and operating lease PPAs and is based on delivery of energy and capacity in excess of minimum lease payments.

Schedule of Future Minimum Lease Payments for Leases





 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

In Millions  



Capital Leases 

Palisades 
Financing 

Operating Leases 

 

Consumers

 

 

 

 

 

 

 

 

 

 

2018

 

$

15 

 

$

16 

 

$

15 

 

2019

 

 

15 

 

 

15 

 

 

 

2020

 

 

12 

 

 

14 

 

 

 

2021

 

 

12 

 

 

14 

 

 

 

2022

 

 

 

 

 

 

 

2023 and thereafter

 

 

21 

 

 

 -

 

 

 

Total minimum lease payments

 

$

83 

 

$

62 

 

$

53 

 

Less imputed interest

 

 

25 

 

 

 

 

 

 

Present value of net minimum lease payments

 

$

58 

 

$

55 

 

 

 

 

Less current portion

 

 

 

 

13 

 

 

 

 

Non-current portion

 

$

49 

 

$

42 

 

 

 

 



Consumers Energy Company [Member]  
Schedule of Rent Expense



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

In Millions  

Years Ended December 31

2017  2016  2015 

 

Consumers

Minimum operating lease expense

 

 

 

 

 

 

 

 

 

 

PPAs

 

$

 

$

 

$

 

Other agreements

 

 

15 

 

 

14 

 

 

19 

 

Contingent rental expense1

 

 

96 

 

 

82 

 

 

82 

 



1Contingent rental expense is related to capital and operating lease PPAs and is based on delivery of energy and capacity in excess of minimum lease payments.

Schedule of Future Minimum Lease Payments for Leases





 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

In Millions  



Capital Leases 

Palisades 
Financing 

Operating Leases 

 

Consumers

 

 

 

 

 

 

 

 

 

 

2018

 

$

15 

 

$

16 

 

$

15 

 

2019

 

 

15 

 

 

15 

 

 

 

2020

 

 

12 

 

 

14 

 

 

 

2021

 

 

12 

 

 

14 

 

 

 

2022

 

 

 

 

 

 

 

2023 and thereafter

 

 

21 

 

 

 -

 

 

 

Total minimum lease payments

 

$

83 

 

$

62 

 

$

53 

 

Less imputed interest

 

 

25 

 

 

 

 

 

 

Present value of net minimum lease payments

 

$

58 

 

$

55 

 

 

 

 

Less current portion

 

 

 

 

13 

 

 

 

 

Non-current portion

 

$

49 

 

$

42