Retirement Benefits (Tables)
 9 Months Ended
Sep. 30, 2012
Schedule Of Net Benefit Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Millions 

 

Pension

 

Three Months Ended

 

Nine Months Ended

September 30
2012 
2011 

 
2012 
2011 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic pension cost

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$
12 

 

$
12 

 

 

$
36 

 

$
36 

Interest expense

 

 
24 

 

 
25 

 

 

 
74 

 

 
75 

Expected return on plan assets

 

 
(31)

 

 
(28)

 

 

 
(94)

 

 
(84)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 
19 

 

 
16 

 

 

 
57 

 

 
47 

Prior service cost

 

 
1 

 

 
1 

 

 

 
4 

 

 
4 

Net periodic pension cost

 

$
25 

 

$
26 

 

 

$
77 

 

$
78 

Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic pension cost

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$
12 

 

$
12 

 

 

$
35 

 

$
35 

Interest expense

 

 
24 

 

 
24 

 

 

 
72 

 

 
73 

Expected return on plan assets

 

 
(30)

 

 
(27)

 

 

 
(91)

 

 
(82)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 
18 

 

 
15 

 

 

 
55 

 

 
46 

Prior service cost

 

 
1 

 

 
1 

 

 

 
4 

 

 
4 

Net periodic pension cost

 

$
25 

 

$
25 

 

 

$
75 

 

$
76 

CMS Energy’s and Consumers’ expected long-term rate of return on Pension Plan assets is 7.75 percent.  For the twelve months ended September 30, 2012, the actual return on Pension Plan assets was 18.6 percent, and for the twelve months ended September 30, 2011, the actual return was 2.0 percent.  The expected rate of return is an assumption about long-term asset performance that CMS Energy and Consumers review annually for reasonableness and appropriateness.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Millions 

 

OPEB

 

Three Months Ended

 

Nine Months Ended

September 30
2012 
2011 

 
2012 
2011 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic OPEB cost

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$
8 

 

$
7 

 

 

$
24 

 

$
20 

Interest expense

 

 
21 

 

 
20 

 

 

 
62 

 

 
58 

Expected return on plan assets

 

 
(17)

 

 
(17)

 

 

 
(50)

 

 
(50)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 
12 

 

 
7 

 

 

 
35 

 

 
23 

Prior service credit

 

 
(5)

 

 
(5)

 

 

 
(15)

 

 
(15)

Net periodic OPEB cost

 

$
19 

 

$
12 

 

 

$
56 

 

$
36 

Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic OPEB cost

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$
7 

 

$
7 

 

 

$
23 

 

$
20 

Interest expense

 

 
20 

 

 
19 

 

 

 
60 

 

 
56 

Expected return on plan assets

 

 
(15)

 

 
(15)

 

 

 
(46)

 

 
(46)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 
12 

 

 
7 

 

 

 
35 

 

 
23 

Prior service credit

 

 
(5)

 

 
(5)

 

 

 
(15)

 

 
(15)

Net periodic OPEB cost

 

$
19 

 

$
13 

 

 

$
57 

 

$
38 

 

Consumers Energy Company [Member]
  
Schedule Of Net Benefit Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Millions 

 

Pension

 

Three Months Ended

 

Nine Months Ended

September 30
2012 
2011 

 
2012 
2011 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic pension cost

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$
12 

 

$
12 

 

 

$
36 

 

$
36 

Interest expense

 

 
24 

 

 
25 

 

 

 
74 

 

 
75 

Expected return on plan assets

 

 
(31)

 

 
(28)

 

 

 
(94)

 

 
(84)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 
19 

 

 
16 

 

 

 
57 

 

 
47 

Prior service cost

 

 
1 

 

 
1 

 

 

 
4 

 

 
4 

Net periodic pension cost

 

$
25 

 

$
26 

 

 

$
77 

 

$
78 

Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic pension cost

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$
12 

 

$
12 

 

 

$
35 

 

$
35 

Interest expense

 

 
24 

 

 
24 

 

 

 
72 

 

 
73 

Expected return on plan assets

 

 
(30)

 

 
(27)

 

 

 
(91)

 

 
(82)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 
18 

 

 
15 

 

 

 
55 

 

 
46 

Prior service cost

 

 
1 

 

 
1 

 

 

 
4 

 

 
4 

Net periodic pension cost

 

$
25 

 

$
25 

 

 

$
75 

 

$
76 

CMS Energy’s and Consumers’ expected long-term rate of return on Pension Plan assets is 7.75 percent.  For the twelve months ended September 30, 2012, the actual return on Pension Plan assets was 18.6 percent, and for the twelve months ended September 30, 2011, the actual return was 2.0 percent.  The expected rate of return is an assumption about long-term asset performance that CMS Energy and Consumers review annually for reasonableness and appropriateness.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Millions 

 

OPEB

 

Three Months Ended

 

Nine Months Ended

September 30
2012 
2011 

 
2012 
2011 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic OPEB cost

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$
8 

 

$
7 

 

 

$
24 

 

$
20 

Interest expense

 

 
21 

 

 
20 

 

 

 
62 

 

 
58 

Expected return on plan assets

 

 
(17)

 

 
(17)

 

 

 
(50)

 

 
(50)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 
12 

 

 
7 

 

 

 
35 

 

 
23 

Prior service credit

 

 
(5)

 

 
(5)

 

 

 
(15)

 

 
(15)

Net periodic OPEB cost

 

$
19 

 

$
12 

 

 

$
56 

 

$
36 

Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic OPEB cost

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$
7 

 

$
7 

 

 

$
23 

 

$
20 

Interest expense

 

 
20 

 

 
19 

 

 

 
60 

 

 
56 

Expected return on plan assets

 

 
(15)

 

 
(15)

 

 

 
(46)

 

 
(46)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 
12 

 

 
7 

 

 

 
35 

 

 
23 

Prior service credit

 

 
(5)

 

 
(5)

 

 

 
(15)

 

 
(15)

Net periodic OPEB cost

 

$
19 

 

$
13 

 

 

$
57 

 

$
38