Reportable Segments

3 Months Ended

Mar. 31, 2015

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.

CMS Energy

The reportable segments for CMS Energy are:

· 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

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

CMS Energy presents EnerBank, corporate interest and other expenses, and discontinued operations within other reconciling items.

Consumers

The reportable segments for Consumers are:

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

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

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

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

In Millions
Three Months Ended March 31	2015			2014
CMS Energy, including Consumers
Operating revenue
Electric utility		$	1,033		$	1,224
Gas utility			995			1,158
Enterprises			60			122
Other reconciling items			23			19
Total operating revenue – CMS Energy		$	2,111		$	2,523
Consumers
Operating revenue
Electric utility		$	1,033		$	1,224
Gas utility			995			1,158
Total operating revenue – Consumers		$	2,028		$	2,382
CMS Energy, including Consumers
Net income (loss) available to common stockholders
Electric utility		$	94		$	100
Gas utility			121			121
Enterprises			7			2
Other reconciling items			(20)			(19)
Total net income available to common stockholders – CMS Energy		$	202		$	204
Consumers
Net income available to common stockholder
Electric utility		$	94		$	100
Gas utility			121			121
Total net income available to common stockholder – Consumers		$	215		$	221

In Millions
	March 31, 2015			December 31, 2014
CMS Energy, including Consumers
Plant, property, and equipment, gross
Electric utility1		$	12,397		$	12,230
Gas utility1			5,376			5,335
Enterprises			118			115
Other reconciling items			39			41
Total plant, property, and equipment, gross – CMS Energy		$	17,930		$	17,721
Consumers
Plant, property, and equipment, gross
Electric utility1		$	12,397		$	12,230
Gas utility1			5,376			5,335
Other reconciling items			15			15
Total plant, property, and equipment, gross – Consumers		$	17,788		$	17,580
CMS Energy, including Consumers
Total assets
Electric utility1		$	11,851		$	11,582
Gas utility1			5,092			5,391
Enterprises			234			231
Other reconciling items			2,021			1,981
Total assets – CMS Energy		$	19,198		$	19,185
Consumers
Total assets
Electric utility1		$	11,851		$	11,582
Gas utility1			5,092			5,391
Other reconciling items			911			874
Total assets – Consumers		$	17,854		$	17,847

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.

CMS Energy

The reportable segments for CMS Energy are:

· 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

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

CMS Energy presents EnerBank, corporate interest and other expenses, and discontinued operations within other reconciling items.

Consumers

The reportable segments for Consumers are:

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

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

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

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

In Millions
Three Months Ended March 31	2015			2014
CMS Energy, including Consumers
Operating revenue
Electric utility		$	1,033		$	1,224
Gas utility			995			1,158
Enterprises			60			122
Other reconciling items			23			19
Total operating revenue – CMS Energy		$	2,111		$	2,523
Consumers
Operating revenue
Electric utility		$	1,033		$	1,224
Gas utility			995			1,158
Total operating revenue – Consumers		$	2,028		$	2,382
CMS Energy, including Consumers
Net income (loss) available to common stockholders
Electric utility		$	94		$	100
Gas utility			121			121
Enterprises			7			2
Other reconciling items			(20)			(19)
Total net income available to common stockholders – CMS Energy		$	202		$	204
Consumers
Net income available to common stockholder
Electric utility		$	94		$	100
Gas utility			121			121
Total net income available to common stockholder – Consumers		$	215		$	221

In Millions
	March 31, 2015			December 31, 2014
CMS Energy, including Consumers
Plant, property, and equipment, gross
Electric utility1		$	12,397		$	12,230
Gas utility1			5,376			5,335
Enterprises			118			115
Other reconciling items			39			41
Total plant, property, and equipment, gross – CMS Energy		$	17,930		$	17,721
Consumers
Plant, property, and equipment, gross
Electric utility1		$	12,397		$	12,230
Gas utility1			5,376			5,335
Other reconciling items			15			15
Total plant, property, and equipment, gross – Consumers		$	17,788		$	17,580
CMS Energy, including Consumers
Total assets
Electric utility1		$	11,851		$	11,582
Gas utility1			5,092			5,391
Enterprises			234			231
Other reconciling items			2,021			1,981
Total assets – CMS Energy		$	19,198		$	19,185
Consumers
Total assets
Electric utility1		$	11,851		$	11,582
Gas utility1			5,092			5,391
Other reconciling items			911			874
Total assets – Consumers		$	17,854		$	17,847

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