Reportable Segments

3 Months Ended

Mar. 31, 2022

Segment Reporting Information [Line Items]

Reportable Segments

Reportable SegmentsReportable 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.

CMS Energy

The segments reported for CMS Energy are:

•electric utility, consisting of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan

•gas utility, consisting of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan

•enterprises, consisting of various subsidiaries engaging in domestic independent power production, including the development and operation of renewable generation, and the marketing of independent power production

On October 1, 2021, EnerBank was acquired by Regions Bank. As a result, EnerBank was removed from the composition of CMS Energy’s reportable segments. EnerBank’s results of operations through the date of the sale are presented as income from discontinued operations on CMS Energy’s consolidated statements of income. For information regarding the sale of EnerBank, see Note 13, Exit Activities and Discontinued Operations.

CMS Energy presents corporate interest and other expenses, discontinued operations, and Consumers’ other consolidated entities within other reconciling items.

Consumers

The segments reported for Consumers are:

•electric utility, consisting of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan

•gas utility, consisting of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan

Consumers’ other consolidated entities are presented within other reconciling items.

Presented in the following tables is financial information by segment:

In Millions
Three Months Ended March 31	2022			2021
CMS Energy, including Consumers
Operating revenue
Electric utility		$	1,241		$	1,134
Gas utility		1,042			803
Enterprises		91			76
Total operating revenue – CMS Energy		$	2,374		$	2,013
Consumers
Operating revenue
Electric utility		$	1,241		$	1,134
Gas utility		1,042			803
Total operating revenue – Consumers		$	2,283		$	1,937
CMS Energy, including Consumers
Net income (loss) available to common stockholders
Electric utility		$	167		$	155
Gas utility		216			181
Enterprises		8			14
Other reconciling items		(40)			(1)
Total net income available to common stockholders – CMS Energy		$	351		$	349
Consumers
Net income available to common stockholder
Electric utility		$	167		$	155
Gas utility		216			181
Total net income available to common stockholder – Consumers		$	383		$	336

In Millions
	March 31, 2022			December 31, 2021
CMS Energy, including Consumers
Plant, property, and equipment, gross
Electric utility1		$	18,294		$	18,147
Gas utility1		10,759			10,601
Enterprises		1,123			1,122
Other reconciling items		23			23
Total plant, property, and equipment, gross – CMS Energy		$	30,199		$	29,893
Consumers
Plant, property, and equipment, gross
Electric utility1		$	18,294		$	18,147
Gas utility1		10,759			10,601
Other reconciling items		23			23
Total plant, property, and equipment, gross – Consumers		$	29,076		$	28,771
CMS Energy, including Consumers
Total assets
Electric utility1		$	16,650		$	16,493
Gas utility1		10,334			10,517
Enterprises		1,312			1,312
Other reconciling items		444			431
Total assets – CMS Energy		$	28,740		$	28,753
Consumers
Total assets
Electric utility1		$	16,712		$	16,555
Gas utility1		10,380			10,564
Other reconciling items		22			21
Total assets – Consumers		$	27,114		$	27,140

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

Consumers Energy Company

Segment Reporting Information [Line Items]

Reportable Segments

Reportable SegmentsReportable 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.

CMS Energy

The segments reported for CMS Energy are:

•electric utility, consisting of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan

•gas utility, consisting of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan

•enterprises, consisting of various subsidiaries engaging in domestic independent power production, including the development and operation of renewable generation, and the marketing of independent power production

On October 1, 2021, EnerBank was acquired by Regions Bank. As a result, EnerBank was removed from the composition of CMS Energy’s reportable segments. EnerBank’s results of operations through the date of the sale are presented as income from discontinued operations on CMS Energy’s consolidated statements of income. For information regarding the sale of EnerBank, see Note 13, Exit Activities and Discontinued Operations.

CMS Energy presents corporate interest and other expenses, discontinued operations, and Consumers’ other consolidated entities within other reconciling items.

Consumers

The segments reported for Consumers are:

•electric utility, consisting of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan

•gas utility, consisting of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan

Consumers’ other consolidated entities are presented within other reconciling items.

Presented in the following tables is financial information by segment:

In Millions
Three Months Ended March 31	2022			2021
CMS Energy, including Consumers
Operating revenue
Electric utility		$	1,241		$	1,134
Gas utility		1,042			803
Enterprises		91			76
Total operating revenue – CMS Energy		$	2,374		$	2,013
Consumers
Operating revenue
Electric utility		$	1,241		$	1,134
Gas utility		1,042			803
Total operating revenue – Consumers		$	2,283		$	1,937
CMS Energy, including Consumers
Net income (loss) available to common stockholders
Electric utility		$	167		$	155
Gas utility		216			181
Enterprises		8			14
Other reconciling items		(40)			(1)
Total net income available to common stockholders – CMS Energy		$	351		$	349
Consumers
Net income available to common stockholder
Electric utility		$	167		$	155
Gas utility		216			181
Total net income available to common stockholder – Consumers		$	383		$	336

In Millions
	March 31, 2022			December 31, 2021
CMS Energy, including Consumers
Plant, property, and equipment, gross
Electric utility1		$	18,294		$	18,147
Gas utility1		10,759			10,601
Enterprises		1,123			1,122
Other reconciling items		23			23
Total plant, property, and equipment, gross – CMS Energy		$	30,199		$	29,893
Consumers
Plant, property, and equipment, gross
Electric utility1		$	18,294		$	18,147
Gas utility1		10,759			10,601
Other reconciling items		23			23
Total plant, property, and equipment, gross – Consumers		$	29,076		$	28,771
CMS Energy, including Consumers
Total assets
Electric utility1		$	16,650		$	16,493
Gas utility1		10,334			10,517
Enterprises		1,312			1,312
Other reconciling items		444			431
Total assets – CMS Energy		$	28,740		$	28,753
Consumers
Total assets
Electric utility1		$	16,712		$	16,555
Gas utility1		10,380			10,564
Other reconciling items		22			21
Total assets – Consumers		$	27,114		$	27,140

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