Reportable Segments
 9 Months Ended
Sep. 30, 2013
Reportable Segments

9: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, corporate interest and other expenses, and discontinued operations.

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
2013 
2012 

 
2013 
2012 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric utility

 

$
1,188 

 

$
1,239 

 

 

$
3,175 

 

$
3,073 

 

Gas utility

 

 
198 

 

 
209 

 

 

 
1,472 

 

 
1,332 

 

Enterprises

 

 
44 

 

 
44 

 

 

 
136 

 

 
136 

 

Other

 

 
15 

 

 
15 

 

 

 
47 

 

 
42 

 

Total operating revenue – CMS Energy

 

$
1,445 

 

$
1,507 

 

 

$
4,830 

 

$
4,583 

 

Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric utility

 

$
1,188 

 

$
1,239 

 

 

$
3,175 

 

$
3,073 

 

Gas utility

 

 
198 

 

 
209 

 

 

 
1,472 

 

 
1,332 

 

Total operating revenue – Consumers

 

$
1,386 

 

$
1,448 

 

 

$
4,647 

 

$
4,405 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) available to common stockholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric utility

 

$
156 

 

$
165 

 

 

$
315 

 

$
297 

 

Gas utility

 

 
(4)

 

 
(3)

 

 

 
97 

 

 
61 

 

Enterprises

 

 
(4)

 

 
5 

 

 

 
1 

 

 
9 

 

Other

 

 
(22)

 

 
(19)

 

 

 
(63)

 

 
(52)

 

Total net income available to common

 

 

 

 

 

 

 

 

 

 

 

 

 

 

stockholders – CMS Energy

 

$
126 

 

$
148 

 

 

$
350 

 

$
315 

 

Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) available to common stockholder

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric utility

 

$
156 

 

$
165 

 

 

$
315 

 

$
297 

 

Gas utility

 

 
(4)

 

 
(3)

 

 

 
97 

 

 
61 

 

Other

 

 

 -

 

 

 -

 

 

 
1 

 

 
1 

 

Total net income available to common

 

 

 

 

 

 

 

 

 

 

 

 

 

 

stockholder – Consumers

 

$
152 

 

$
162 

 

 

$
413 

 

$
359 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Millions  

 

September 30, 2013 

December 31, 2012 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

Plant, property, and equipment, gross

 

 

 

 

 

 

 

Electric utility

 

$
11,652 

 

$
11,041 

 

Gas utility

 

 
4,759 

 

 
4,400 

 

Enterprises

 

 
116 

 

 
113 

 

Other

 

 
39 

 

 
38 

 

Total plant, property, and equipment, gross – CMS Energy

 

$
16,566 

 

$
15,592 

 

Consumers

 

 

 

 

 

 

 

Plant, property, and equipment, gross

 

 

 

 

 

 

 

Electric utility

 

$
11,652 

 

$
11,041 

 

Gas utility

 

 
4,759 

 

 
4,400 

 

Other

 

 
15 

 

 
15 

 

Total plant, property, and equipment, gross – Consumers

 

$
16,426 

 

$
15,456 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

Total assets

 

 

 

 

 

 

 

Electric utility1

 

$
10,412 

 

$
10,423 

 

Gas utility1

 

 
5,039 

 

 
5,016 

 

Enterprises

 

 
188 

 

 
181 

 

Other

 

 
1,347 

 

 
1,511 

 

Total assets – CMS Energy

 

$
16,986 

 

$
17,131 

 

Consumers

 

 

 

 

 

 

 

Total assets

 

 

 

 

 

 

 

Electric utility1

 

$
10,412 

 

$
10,423 

 

Gas utility1

 

 
5,039 

 

 
5,016 

 

Other

 

 
643 

 

 
836 

 

Total assets – Consumers

 

$
16,094 

 

$
16,275 

 

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

9: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, corporate interest and other expenses, and discontinued operations.

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
2013 
2012 

 
2013 
2012 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric utility

 

$
1,188 

 

$
1,239 

 

 

$
3,175 

 

$
3,073 

 

Gas utility

 

 
198 

 

 
209 

 

 

 
1,472 

 

 
1,332 

 

Enterprises

 

 
44 

 

 
44 

 

 

 
136 

 

 
136 

 

Other

 

 
15 

 

 
15 

 

 

 
47 

 

 
42 

 

Total operating revenue – CMS Energy

 

$
1,445 

 

$
1,507 

 

 

$
4,830 

 

$
4,583 

 

Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric utility

 

$
1,188 

 

$
1,239 

 

 

$
3,175 

 

$
3,073 

 

Gas utility

 

 
198 

 

 
209 

 

 

 
1,472 

 

 
1,332 

 

Total operating revenue – Consumers

 

$
1,386 

 

$
1,448 

 

 

$
4,647 

 

$
4,405 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) available to common stockholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric utility

 

$
156 

 

$
165 

 

 

$
315 

 

$
297 

 

Gas utility

 

 
(4)

 

 
(3)

 

 

 
97 

 

 
61 

 

Enterprises

 

 
(4)

 

 
5 

 

 

 
1 

 

 
9 

 

Other

 

 
(22)

 

 
(19)

 

 

 
(63)

 

 
(52)

 

Total net income available to common

 

 

 

 

 

 

 

 

 

 

 

 

 

 

stockholders – CMS Energy

 

$
126 

 

$
148 

 

 

$
350 

 

$
315 

 

Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) available to common stockholder

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric utility

 

$
156 

 

$
165 

 

 

$
315 

 

$
297 

 

Gas utility

 

 
(4)

 

 
(3)

 

 

 
97 

 

 
61 

 

Other

 

 

 -

 

 

 -

 

 

 
1 

 

 
1 

 

Total net income available to common

 

 

 

 

 

 

 

 

 

 

 

 

 

 

stockholder – Consumers

 

$
152 

 

$
162 

 

 

$
413 

 

$
359 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Millions  

 

September 30, 2013 

December 31, 2012 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

Plant, property, and equipment, gross

 

 

 

 

 

 

 

Electric utility

 

$
11,652 

 

$
11,041 

 

Gas utility

 

 
4,759 

 

 
4,400 

 

Enterprises

 

 
116 

 

 
113 

 

Other

 

 
39 

 

 
38 

 

Total plant, property, and equipment, gross – CMS Energy

 

$
16,566 

 

$
15,592 

 

Consumers

 

 

 

 

 

 

 

Plant, property, and equipment, gross

 

 

 

 

 

 

 

Electric utility

 

$
11,652 

 

$
11,041 

 

Gas utility

 

 
4,759 

 

 
4,400 

 

Other

 

 
15 

 

 
15 

 

Total plant, property, and equipment, gross – Consumers

 

$
16,426 

 

$
15,456 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

Total assets

 

 

 

 

 

 

 

Electric utility1

 

$
10,412 

 

$
10,423 

 

Gas utility1

 

 
5,039 

 

 
5,016 

 

Enterprises

 

 
188 

 

 
181 

 

Other

 

 
1,347 

 

 
1,511 

 

Total assets – CMS Energy

 

$
16,986 

 

$
17,131 

 

Consumers

 

 

 

 

 

 

 

Total assets

 

 

 

 

 

 

 

Electric utility1

 

$
10,412 

 

$
10,423 

 

Gas utility1

 

 
5,039 

 

 
5,016 

 

Other

 

 
643 

 

 
836 

 

Total assets – Consumers

 

$
16,094 

 

$
16,275 

 

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