Exit Activities |
3 Months Ended | |||||||||||||||||||||||||||||||||||
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Mar. 31, 2020 | ||||||||||||||||||||||||||||||||||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||||||||||||
| Exit Activities | Exit Activities Under its Clean Energy Plan, Consumers plans to retire the D.E. Karn 1 & 2 coal-fueled generating units in 2023. In October 2019, Consumers announced a retention incentive program to ensure necessary staffing at the D.E. Karn generating complex through the anticipated retirement of the coal-fueled generating units. Based on the number of employees that have chosen to participate, the aggregate cost of the program through 2023 is estimated to be $35 million. Consumers is seeking recovery of these costs from customers in its 2020 electric rate case. For the three months ended March 31, 2020, Consumers’ electric utility recognized $4 million related to retention benefits within maintenance and other operating expenses on Consumers’ consolidated statements of income. The cumulative cost incurred and charged to expense related to this program is $7 million; an amount of $1 million has been capitalized as a cost of plant, property, and equipment. Presented in the following table is a reconciliation of the retention benefit liability recorded in other liabilities on Consumers’ consolidated balance sheets:
1 Includes current portion of other liabilities of $4 million.
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| Consumers Energy Company | ||||||||||||||||||||||||||||||||||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||||||||||||
| Exit Activities | Exit Activities Under its Clean Energy Plan, Consumers plans to retire the D.E. Karn 1 & 2 coal-fueled generating units in 2023. In October 2019, Consumers announced a retention incentive program to ensure necessary staffing at the D.E. Karn generating complex through the anticipated retirement of the coal-fueled generating units. Based on the number of employees that have chosen to participate, the aggregate cost of the program through 2023 is estimated to be $35 million. Consumers is seeking recovery of these costs from customers in its 2020 electric rate case. For the three months ended March 31, 2020, Consumers’ electric utility recognized $4 million related to retention benefits within maintenance and other operating expenses on Consumers’ consolidated statements of income. The cumulative cost incurred and charged to expense related to this program is $7 million; an amount of $1 million has been capitalized as a cost of plant, property, and equipment. Presented in the following table is a reconciliation of the retention benefit liability recorded in other liabilities on Consumers’ consolidated balance sheets:
1 Includes current portion of other liabilities of $4 million.
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