Reportable Segments
 9 Months Ended
Sep. 30, 2016
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, transmission, 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

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

Consumers

The reportable segments for Consumers are:

·

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

·

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

 

Nine Months Ended

 

September 30

 2016  2015 

 

 2016  2015 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric utility

 

$

 1,313 

 

$

 1,233 

 

 

$

 3,348 

 

$

 3,273 

 

Gas utility

 

 

 185 

 

 

 184 

 

 

 

 1,166 

 

 

 1,453 

 

Enterprises

 

 

 59 

 

 

 43 

 

 

 

 156 

 

 

 148 

 

Other reconciling items

 

 

 30 

 

 

 26 

 

 

 

 89 

 

 

 73 

 

Total operating revenue – CMS Energy

 

$

 1,587 

 

$

 1,486 

 

 

$

 4,759 

 

$

 4,947 

 

Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric utility

 

$

 1,313 

 

$

 1,233 

 

 

$

 3,348 

 

$

 3,273 

 

Gas utility

 

 

 185 

 

 

 184 

 

 

 

 1,166 

 

 

 1,453 

 

Total operating revenue – Consumers

 

$

 1,498 

 

$

 1,417 

 

 

$

 4,514 

 

$

 4,726 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) available to common stockholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric utility

 

$

 191 

 

$

 166 

 

 

$

 395 

 

$

 342 

 

Gas utility

 

 

 3 

 

 

 (7)

 

 

 

 102 

 

 

 115 

 

Enterprises

 

 

 8 

 

 

 3 

 

 

 

 17 

 

 

 10 

 

Other reconciling items

 

 

 (16)

 

 

 (14)

 

 

 

 (40)

 

 

 (50)

 

Total net income available to common stockholders – CMS Energy

 

$

 186 

 

$

 148 

 

 

$

 474 

 

$

 417 

 

Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) available to common stockholder

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric utility

 

$

 191 

 

$

 166 

 

 

$

 395 

 

$

 342 

 

Gas utility

 

 

 3 

 

 

 (7)

 

 

 

 102 

 

 

 115 

 

Other reconciling items

 

 

 1 

 

 

 1 

 

 

 

 1 

 

 

 1 

 

Total net income available to common stockholder – Consumers

 

$

 195 

 

$

 160 

 

 

$

 498 

 

$

 458 

 



               



 

 

 

 

 

 

 



 

 

 

 

 

 

 

In Millions  

 

September 30, 2016

December 31, 2015

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

Plant, property, and equipment, gross

 

 

 

 

 

 

 

Electric utility1

 

$

 14,396 

 

$

 13,059 

 

Gas utility1

 

 

 6,117 

 

 

 5,723 

 

Enterprises

 

 

 158 

 

 

 120 

 

Other reconciling items

 

 

 27 

 

 

 41 

 

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

 

$

 20,698 

 

$

 18,943 

 

Consumers

 

 

 

 

 

 

 

Plant, property, and equipment, gross

 

 

 

 

 

 

 

Electric utility1

 

$

 14,396 

 

$

 13,059 

 

Gas utility1

 

 

 6,117 

 

 

 5,723 

 

Other reconciling items

 

 

 15 

 

 

 15 

 

Total plant, property, and equipment, gross – Consumers

 

$

 20,528 

 

$

 18,797 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

Total assets

 

 

 

 

 

 

 

Electric utility1

 

$

 12,892 

 

$

 12,660 

 

Gas utility1

 

 

 6,033 

 

 

 5,912 

 

Enterprises

 

 

 273 

 

 

 270 

 

Other reconciling items

 

 

 1,644 

 

 

 1,457 

 

Total assets – CMS Energy2

 

$

 20,842 

 

$

 20,299 

 

Consumers

 

 

 

 

 

 

 

Total assets

 

 

 

 

 

 

 

Electric utility1

 

$

 12,892 

 

$

 12,660 

 

Gas utility1

 

 

 6,033 

 

 

 5,912 

 

Other reconciling items

 

 

 55 

 

 

 63 

 

Total assets – Consumers2

 

$

 18,980 

 

$

 18,635 

 



1

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

2

CMS Energy and Consumers changed the reporting of debt issuance costs on their consolidated balance sheets in accordance with ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, as of January 1, 2016, and retrospectively adjusted prior-period amounts for comparability. For further details on the implementation of this standard, see Note 1, New Accounting Standards.

              

              

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, transmission, 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

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

Consumers

The reportable segments for Consumers are:

·

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

·

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

 

Nine Months Ended

 

September 30

 2016  2015 

 

 2016  2015 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric utility

 

$

 1,313 

 

$

 1,233 

 

 

$

 3,348 

 

$

 3,273 

 

Gas utility

 

 

 185 

 

 

 184 

 

 

 

 1,166 

 

 

 1,453 

 

Enterprises

 

 

 59 

 

 

 43 

 

 

 

 156 

 

 

 148 

 

Other reconciling items

 

 

 30 

 

 

 26 

 

 

 

 89 

 

 

 73 

 

Total operating revenue – CMS Energy

 

$

 1,587 

 

$

 1,486 

 

 

$

 4,759 

 

$

 4,947 

 

Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric utility

 

$

 1,313 

 

$

 1,233 

 

 

$

 3,348 

 

$

 3,273 

 

Gas utility

 

 

 185 

 

 

 184 

 

 

 

 1,166 

 

 

 1,453 

 

Total operating revenue – Consumers

 

$

 1,498 

 

$

 1,417 

 

 

$

 4,514 

 

$

 4,726 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) available to common stockholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric utility

 

$

 191 

 

$

 166 

 

 

$

 395 

 

$

 342 

 

Gas utility

 

 

 3 

 

 

 (7)

 

 

 

 102 

 

 

 115 

 

Enterprises

 

 

 8 

 

 

 3 

 

 

 

 17 

 

 

 10 

 

Other reconciling items

 

 

 (16)

 

 

 (14)

 

 

 

 (40)

 

 

 (50)

 

Total net income available to common stockholders – CMS Energy

 

$

 186 

 

$

 148 

 

 

$

 474 

 

$

 417 

 

Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) available to common stockholder

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric utility

 

$

 191 

 

$

 166 

 

 

$

 395 

 

$

 342 

 

Gas utility

 

 

 3 

 

 

 (7)

 

 

 

 102 

 

 

 115 

 

Other reconciling items

 

 

 1 

 

 

 1 

 

 

 

 1 

 

 

 1 

 

Total net income available to common stockholder – Consumers

 

$

 195 

 

$

 160 

 

 

$

 498 

 

$

 458 

 



               



 

 

 

 

 

 

 



 

 

 

 

 

 

 

In Millions  

 

September 30, 2016

December 31, 2015

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

Plant, property, and equipment, gross

 

 

 

 

 

 

 

Electric utility1

 

$

 14,396 

 

$

 13,059 

 

Gas utility1

 

 

 6,117 

 

 

 5,723 

 

Enterprises

 

 

 158 

 

 

 120 

 

Other reconciling items

 

 

 27 

 

 

 41 

 

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

 

$

 20,698 

 

$

 18,943 

 

Consumers

 

 

 

 

 

 

 

Plant, property, and equipment, gross

 

 

 

 

 

 

 

Electric utility1

 

$

 14,396 

 

$

 13,059 

 

Gas utility1

 

 

 6,117 

 

 

 5,723 

 

Other reconciling items

 

 

 15 

 

 

 15 

 

Total plant, property, and equipment, gross – Consumers

 

$

 20,528 

 

$

 18,797 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

Total assets

 

 

 

 

 

 

 

Electric utility1

 

$

 12,892 

 

$

 12,660 

 

Gas utility1

 

 

 6,033 

 

 

 5,912 

 

Enterprises

 

 

 273 

 

 

 270 

 

Other reconciling items

 

 

 1,644 

 

 

 1,457 

 

Total assets – CMS Energy2

 

$

 20,842 

 

$

 20,299 

 

Consumers

 

 

 

 

 

 

 

Total assets

 

 

 

 

 

 

 

Electric utility1

 

$

 12,892 

 

$

 12,660 

 

Gas utility1

 

 

 6,033 

 

 

 5,912 

 

Other reconciling items

 

 

 55 

 

 

 63 

 

Total assets – Consumers2

 

$

 18,980 

 

$

 18,635 

 



1

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

2

CMS Energy and Consumers changed the reporting of debt issuance costs on their consolidated balance sheets in accordance with ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, as of January 1, 2016, and retrospectively adjusted prior-period amounts for comparability. For further details on the implementation of this standard, see Note 1, New Accounting Standards.