7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2014-06-30 2014-03-31 2013-03-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 
      
    		                                           
      cash flows from operating activities
    		                                           
      net income
    		272,000,000 193,000,000 295,000,000 255,000,000 247,000,000 182,000,000 263,000,000 251,000,000 173,000,000 190,000,000 194,000,000 163,000,000 163,000,000 142,000,000 345,000,000 634,000,000 183,000,000 171,000,000 342,000,000 162,000,000 210,000,000 137,000,000 243,000,000 168,000,000 207,000,000 94,000,000 213,000,000 109,000,000 169,000,000 140,000,000 241,000,000 -2,000,000 172,000,000 93,000,000 199,000,000 109,000,000 221,000,000 162,000,000 81,000,000 49,000,000 106,000,000   
      adjustments to reconcile net income to net cash from operating activities
    		                                           
      depreciation and amortization
    		288,000,000 288,000,000 388,000,000 326,000,000 273,000,000 273,000,000 368,000,000 310,000,000 262,000,000 255,000,000 353,000,000 296,000,000 243,000,000 242,000,000 345,000,000 282,000,000 250,000,000 242,000,000 340,000,000 281,000,000 228,000,000 223,000,000 316,000,000 263,000,000 215,000,000 216,000,000 298,000,000 244,000,000 206,000,000 204,000,000 279,000,000 229,000,000 193,000,000 197,000,000 262,000,000 149,000,000 197,000,000 180,000,000      
      deferred income taxes and investment tax credits
    		47,000,000 64,000,000 60,000,000 39,000,000 24,000,000 28,000,000 51,000,000 61,000,000 25,000,000 42,000,000 29,000,000 31,000,000 19,000,000 6,000,000 33,000,000 139,000,000 35,000,000 27,000,000 48,000,000 30,000,000 45,000,000 28,000,000 67,000,000 61,000,000                    
      other non‑cash operating activities and reconciling adjustments
    		-37,000,000 -98,000,000 -46,000,000 -89,000,000 -45,000,000 -71,000,000 -36,000,000 -103,000,000 -49,000,000 -103,000,000 -19,000,000 -33,000,000 -27,000,000 -11,000,000 -22,000,000 1,000,000 -42,000,000 -12,000,000 -17,000,000                         
      changes in assets and liabilities
    		                                           
      accounts receivable and accrued revenue
    		34,000,000 85,000,000 -5,000,000 -340,000,000 32,000,000 126,000,000 27,000,000 -256,000,000 23,000,000 300,000,000 174,000,000 -420,000,000 -177,000,000 41,000,000 -121,000,000 -232,000,000                            
      inventories
    		-168,000,000 -156,000,000 190,000,000 113,000,000 -107,000,000 -101,000,000 259,000,000 122,000,000 -173,000,000 -155,000,000 391,000,000 187,000,000 -458,000,000 -392,000,000 213,000,000 92,000,000 -221,000,000 -132,000,000 168,000,000 62,000,000 -133,000,000 -72,000,000 171,000,000 93,000,000 -147,000,000 -111,000,000 209,000,000 90,000,000 -177,000,000 -127,000,000 228,000,000   -157,000,000 201,000,000 -237,000,000 338,000,000 442,000,000      
      accounts payable and accrued rate refunds
    		-30,000,000 11,000,000 13,000,000 0 17,000,000 67,000,000 -69,000,000 -13,000,000 66,000,000 -36,000,000 -153,000,000 -21,000,000 -28,000,000 182,000,000 -129,000,000 69,000,000   -103,000,000 25,000,000 6,000,000 77,000,000 -54,000,000 13,000,000 -34,000,000 41,000,000 -89,000,000                 
      other current assets and liabilities
    		-14,000,000 76,000,000 41,000,000 45,000,000 -132,000,000 130,000,000 -1,000,000 35,000,000 -148,000,000 143,000,000 -51,000,000 -4,000,000 -99,000,000 110,000,000 7,000,000 43,000,000 -108,000,000                           
      other non‑current assets and liabilities
    		-49,000,000 -49,000,000 64,000,000 34,000,000 -5,000,000 73,000,000 94,000,000 -24,000,000 20,000,000 29,000,000 122,000,000 -49,000,000 -28,000,000 32,000,000 41,000,000 -45,000,000 -5,000,000                           
      net cash from operating activities
    		343,000,000 414,000,000 1,000,000,000 403,000,000 304,000,000 707,000,000 956,000,000 405,000,000 199,000,000 665,000,000 1,040,000,000 188,000,000 -392,000,000 352,000,000 707,000,000 336,000,000 116,000,000 535,000,000 832,000,000 132,000,000 348,000,000 595,000,000 201,000,000 395,000,000 210,000,000 568,000,000 617,000,000 138,000,000 149,000,000 708,000,000 708,000,000 506,000,000 80,000,000 473,000,000 646,000,000 270,000,000 646,000,000 713,000,000 -468,000,000 177,000,000 474,000,000   
      cash flows from investing activities
    		                                           
      capital expenditures
    		-978,000,000 -884,000,000 -888,000,000 -918,000,000 -806,000,000 -681,000,000 -613,000,000 -608,000,000 -612,000,000 -570,000,000 -617,000,000 -636,000,000 -650,000,000 -568,000,000 -520,000,000 -634,000,000 -564,000,000 -441,000,000 -437,000,000 -620,000,000 -751,000,000 -423,000,000 -523,000,000 -534,000,000 -597,000,000 -492,000,000 -481,000,000 -502,000,000 -700,000,000        -302,000,000  -171,000,000 -185,000,000 -155,000,000   
      free cash flows
    		-635,000,000 -470,000,000 112,000,000 -515,000,000 -502,000,000 26,000,000 343,000,000 -203,000,000 -413,000,000 95,000,000 423,000,000 -448,000,000 -1,042,000,000 -216,000,000 187,000,000 -298,000,000 -448,000,000 94,000,000 395,000,000 -488,000,000 -403,000,000 172,000,000 -322,000,000 -139,000,000 -387,000,000 76,000,000 136,000,000 -364,000,000 -551,000,000        344,000,000  -639,000,000 -8,000,000 319,000,000   
      proceeds from sale of asp business
    		   0 0                                       
      cost to retire property and other investing activities
    		-68,000,000 -78,000,000 -30,000,000 -35,000,000 -49,000,000 -52,000,000 -24,000,000 -41,000,000 -44,000,000 -48,000,000 -34,000,000 -32,000,000 -19,000,000 -32,000,000 -24,000,000 -37,000,000 -33,000,000 -32,000,000 -31,000,000 -27,000,000 -45,000,000 -35,000,000 -24,000,000 -29,000,000 -56,000,000 -20,000,000 -27,000,000 -44,000,000 -46,000,000               
      net cash from investing activities
    		-1,046,000,000 -962,000,000 -918,000,000 -953,000,000 -855,000,000 -609,000,000 -637,000,000 -649,000,000 -658,000,000 -1,428,000,000 -651,000,000 -668,000,000 -669,000,000 -600,000,000 -539,000,000 227,000,000 -609,000,000 -568,000,000 -283,000,000 -569,000,000 -1,130,000,000 -609,000,000 -559,000,000 -604,000,000 -802,000,000 -735,000,000 -675,000,000 -791,000,000 -807,000,000        -315,000,000  -194,000,000 -192,000,000 -152,000,000   
      cash flows from financing activities
    		                                           
      proceeds from issuance of debt
    		62,000,000 1,249,000,000 1,200,000,000 515,000,000 743,000,000 105,000,000 599,000,000 646,000,000 500,000,000 1,200,000,000 1,205,000,000 550,000,000    35,000,000    826,000,000 0 1,155,000,000 1,198,000,000 75,000,000 621,000,000 462,000,000 993,000,000 1,723,000,000 250,000,000 544,000,000 250,000,000 525,000,000 185,000,000 0 923,000,000         
      retirement of debt
    		-43,000,000 -124,000,000 -717,000,000 -163,000,000 -356,000,000 -114,000,000 -319,000,000 -286,000,000 -381,000,000 -465,000,000 -1,000,000,000 -14,000,000 0 -89,000,000 -3,000,000 -217,000,000 0 -16,000,000 -2,000,000 -716,000,000 -902,000,000 -390,000,000 -2,000,000 -115,000,000 -66,000,000 -314,000,000 -790,000,000 -1,165,000,000 -45,000,000               
      decrease in notes payable
    		0 0 -65,000,000   0 -93,000,000    -20,000,000         0 0 0 -90,000,000   -30,000,000 -67,000,000          -170,000,000       
      issuance of common stock
    		356,000,000 14,000,000 3,000,000 3,000,000 4,000,000 7,000,000 272,000,000 182,000,000 3,000,000 3,000,000 4,000,000 59,000,000 3,000,000 3,000,000 4,000,000         3,000,000 3,000,000 3,000,000 3,000,000 2,000,000 3,000,000 33,000,000 3,000,000 3,000,000 4,000,000 73,000,000 3,000,000    2,000,000 2,000,000 2,000,000   
      payment of dividends on common and preferred stock
    		-165,000,000 -165,000,000 -166,000,000 -156,000,000 -156,000,000 -158,000,000 -156,000,000 -144,000,000 -145,000,000 -145,000,000 -145,000,000 -136,000,000 -137,000,000 -137,000,000 -136,000,000 -129,000,000 -127,000,000   -116,000,000 -117,000,000   -110,000,000 -108,000,000   -102,000,000 -101,000,000               
      proceeds from the sale of membership interests in vies
    		0 0 44,000,000                                         
      other financing costs
    		0 -27,000,000 -33,000,000 4,000,000 -6,000,000 -10,000,000 -9,000,000 -5,000,000 -4,000,000 -22,000,000 -23,000,000 -14,000,000 -10,000,000 -1,000,000 -35,000,000 -15,000,000 -18,000,000 -2,000,000 -18,000,000 23,000,000 -20,000,000 -32,000,000 -22,000,000 -11,000,000                    
      net cash from financing activities
    		210,000,000 947,000,000 266,000,000 261,000,000 229,000,000 -170,000,000 294,000,000 308,000,000 237,000,000 571,000,000 27,000,000 467,000,000 1,160,000,000 -130,000,000 -170,000,000 -323,000,000 437,000,000 -199,000,000 -210,000,000 64,000,000 -264,000,000 757,000,000 1,062,000,000 -67,000,000 691,000,000 234,000,000 150,000,000 462,000,000 523,000,000   39,000,000     -171,000,000  297,000,000 -299,000,000 171,000,000   
      net increase in cash and cash equivalents, including restricted amounts
    		-493,000,000 399,000,000 348,000,000 -289,000,000 -322,000,000 -72,000,000 613,000,000 64,000,000 -222,000,000 -192,000,000 416,000,000 -13,000,000 99,000,000 -378,000,000 -2,000,000 240,000,000 -56,000,000 -232,000,000 339,000,000 -373,000,000 -1,046,000,000 743,000,000 704,000,000  99,000,000 67,000,000 92,000,000  -135,000,000 274,000,000 23,000,000   -22,000,000 206,000,000         
      cash and cash equivalents, including restricted amounts, beginning of period
    		0 0 178,000,000 0 0 0 248,000,000 0 0 0 182,000,000 0 0 0 476,000,000 0 0 0 185,000,000 0 0 0 157,000,000 0 0 0 175,000,000 0 0 0 204,000,000 0 0 0 257,000,000         
      cash and cash equivalents, including restricted amounts, end of period
    		-493,000,000 399,000,000 526,000,000 -289,000,000 -322,000,000 -72,000,000 861,000,000 64,000,000 -222,000,000 -192,000,000 598,000,000 -13,000,000 99,000,000 -378,000,000 474,000,000 240,000,000 -56,000,000 -232,000,000 524,000,000 -373,000,000 -1,046,000,000 743,000,000 861,000,000 -276,000,000 99,000,000 67,000,000 267,000,000 -191,000,000 -135,000,000 274,000,000 227,000,000 31,000,000 -268,000,000 -22,000,000 463,000,000         
      other non‑cash investing and financing activities
    		                                           
      non‑cash transactions
    		                                           
      capital expenditures not paid
    		49,000,000 222,000,000 315,000,000 130,000,000 128,000,000 103,000,000 156,000,000 -3,000,000 27,000,000 84,000,000 157,000,000 1,000,000 65,000,000 34,000,000 128,000,000 24,000,000 34,000,000 51,000,000 87,000,000 1,000,000 -27,000,000 72,000,000 95,000,000  -15,000,000 51,000,000 99,000,000  19,000,000 38,000,000 102,000,000  7,000,000 34,000,000 112,000,000         
      other cash flow activities and non‑cash investing and financing activities
    		                                           
      bad debt expense
    		                                           
      postretirement benefits contributions
    		                                      -13,000,000 -13,000,000 -12,000,000   
      gain from sale of enerbank
    		           0 0 0 -5,000,000                             
      covert generating station acquisition
    		                                           
      net proceeds from sale of enerbank
    		           0 0 0 5,000,000                             
      increase in notes payable
    		   65,000,000    -154,000,000 247,000,000                   -183,000,000                
      proceeds from the sale of membership interest in vie to tax equity investor
    		       69,000,000    0 0       0                        
      contributions from noncontrolling interests
    		                                           
      distributions to noncontrolling interests
    		                                           
      in millions
    		                                           
      years ended december 31
    		                                           
      cash transactions
    		                                           
      interest paid
    		                                           
      income taxes paid (proceeds from sale of renewable energy tax credits)
    		                                           
      net cash from discontinued operations
    		               0 -88,000,000                           
      issuance of preferred stock, net of issuance costs
    		               0                            
      contribution from noncontrolling interest
    		       0 0 0 6,000,000     0    0                        
      income taxes paid
    		                                           
      covert generating facility acquisition
    		        -2,000,000                                   
      assets
    		                                           
      current assets
    		                                           
      cash and cash equivalents
    		        -232,000,000                                   
      restricted cash and cash equivalents
    		        10,000,000                                   
      accounts receivable and accrued revenue, less allowance of 26 in 2023 and 27 in 2022
    		                                           
      accounts receivable – related parties
    		        -4,000,000                                   
      inventories at average cost
    		                                           
      gas in underground storage
    		        155,000,000                                   
      materials and supplies
    		        11,000,000                                   
      generating plant fuel stock
    		        7,000,000                                   
      deferred property taxes
    		        -27,000,000                                   
      regulatory assets
    		        -13,000,000                                   
      prepayments and other current assets
    		        -34,000,000                                   
      total current assets
    		        -154,000,000                                   
      plant, property, and equipment
    		        212,000,000                                   
      plant, property, and equipment, gross
    		        405,000,000                                   
      less accumulated depreciation and amortization
    		        193,000,000                                   
      construction work in progress
    		        218,000,000                                   
      total plant, property, and equipment
    		        430,000,000                                   
      other non‑current assets
    		                                           
      accounts receivable
    		        6,000,000                                   
      investments
    		        2,000,000                                   
      postretirement benefits
    		        33,000,000                                   
      other
    		        -55,000,000                                   
      total other non‑current assets
    		        -28,000,000                                   
      total assets
    		        248,000,000                                   
      accounts receivable and accrued revenue, less allowance of 27 in both periods
    		                                           
      proceeds from sale of transmission equipment
    		                       1,000,000                    
      debt prepayment costs
    		                                           
      income taxes paid (refunds received)
    		                                           
      issuance of common stock, net of issuance costs
    		               3,000,000 3,000,000 11,000,000 9,000,000 146,000,000 3,000,000 3,000,000 101,000,000                     
      pension contributions
    		                    0 0 -531,000,000                     
      nine months ended september 30
    		                                           
      accounts and notes receivable and accrued revenue
    		                 71,000,000 30,000,000 -230,000,000 88,000,000 147,000,000 -17,000,000 -252,000,000 107,000,000 251,000,000 -61,000,000 -284,000,000 1,000,000 291,000,000 7,000,000  31,000,000 117,000,000 37,000,000         
      other current and non‑current assets and liabilities
    		                  24,000,000                         
      increase in enerbank notes receivable
    		                  -76,000,000 -177,000,000 -332,000,000 -144,000,000 -4,000,000 -73,000,000 -158,000,000 -124,000,000 -46,000,000 -107,000,000 -120,000,000               
      purchase of notes receivable by enerbank
    		                  -2,000,000 0 -2,000,000 -7,000,000 -8,000,000 -36,000,000 -87,000,000 -99,000,000 -121,000,000 -138,000,000                
      proceeds from sale of enerbank notes receivable
    		                  263,000,000                         
      decrease in enerbank certificates of deposit
    		                  -73,000,000                         
      payment of dividends on common stock
    		                  -126,000,000    -116,000,000    -108,000,000                 
      cash from changes in assets and liabilities
    		                                           
      proceeds from db serp investments
    		                           0                
      increase in enerbank certificates of deposit
    		                   -40,000,000 324,000,000 139,000,000 -7,000,000 9,000,000 251,000,000 220,000,000 151,000,000 225,000,000 152,000,000               
      other non-cash operating activities and reconciling adjustments
    		                    4,000,000 11,000,000 9,000,000  -20,000,000 -7,000,000 16,000,000 -25,000,000 25,000,000 12,000,000 10,000,000 4,000,000 31,000,000 26,000,000 21,000,000         
      other current and non-current assets and liabilities
    		                    -100,000,000 44,000,000 -3,000,000  -147,000,000 67,000,000 -12,000,000 42,000,000 -100,000,000       -22,000,000 49,000,000 44,000,000      
      other non-cash investing and financing activities
    		                                           
      non-cash transactions
    		                                           
      accounts receivable and accrued revenue, less allowance of 30 in 2020 and 20 in 2019
    		                                           
      notes receivable, less allowance of 35 in 2020 and 33 in 2019
    		                                           
      accounts and notes receivable – related parties
    		                                           
      other non-current assets
    		                                           
      accounts and notes receivable, less allowance of 81 in 2020 and - in 2019
    		                                           
      total other non-current assets
    		                                           
      net decrease in cash and cash equivalents, including restricted amounts
    		                                           
      deferred income taxes and investment tax credit
    		                         17,000,000 43,000,000 92,000,000 30,000,000 23,000,000 37,000,000 219,000,000 66,000,000 42,000,000 90,000,000 20,000,000 46,000,000 44,000,000 34,000,000 16,000,000 67,000,000   
      payment of finance lease obligations and other financing costs
    		                         3,000,000 -32,000,000                 
      proceeds from the sale of enerbank notes receivable
    		                               31,000,000 0 0 19,000,000         
      payment of capital lease obligations and other financing costs
    		                           -2,000,000 -16,000,000               
      accounts payable and accrued refunds
    		                            -5,000,000               
      decrease (increase) in enerbank notes receivable
    		                                  14,000,000         
      jackson plant acquisition
    		                                           
      net increase in enerbank certificates of deposit
    		                               7,000,000            
      change in notes payable
    		                                           
      retirement of long-term debt
    		                                    -11,000,000       
      note receivable recorded for future refund of use taxes paid and capitalized
    		                                           
      other non-cash operating activities
    		                                   16,000,000 16,000,000 18,000,000      
      accounts receivable, notes receivable, and accrued revenue
    		                                    -303,000,000       
      proceeds from enerbank certificates of deposit
    		                                           
      net increase in cash and cash equivalents
    		                                   -80,000,000 160,000,000 350,000,000 -365,000,000 -314,000,000 493,000,000 -894,000,003 -646,000,000 
      cash and cash equivalents, beginning of period
    		                                   0 18,000,000 5,000,000 0 0 348,000,000   
      cash and cash equivalents, end of period
    		                                   -80,000,000 178,000,000 355,000,000 -365,000,000 -314,000,000 841,000,000   
      refund of capitalized sales and use tax not received
    		                                           
      postretirement benefits expense
    		                                   6,000,000 6,000,000 47,000,000  45,000,000 31,000,000   
      proceeds from government grant
    		                                     69,000,000      
      cost to retire property
    		                                    -14,000,000  -10,000,000 -6,000,000 -6,000,000   
      other investing activities
    		                                   1,000,000 1,000,000       
      proceeds from issuance of long-term debt
    		                                           
      payment of common and preferred stock dividends
    		                                           
      stockholder contribution
    		                                   165,000,000 150,000,000 150,000,000      
      accounts payable
    		                                    120,000,000       
      accrued expenses
    		                                    -43,000,000       
      payment of common stock dividends
    		                                    -135,000,000  -20,000,000 -21,000,000 -20,000,000   
      redemption of preferred stock
    		                                           
      changes in other assets and liabilities:
    		                                           
      decrease in accounts receivable, notes receivable, and accrued revenue
    		                                           
      decrease in accrued power supply revenue
    		                                           
      decrease in inventories
    		                                       -387,000,000 526,000,000   
      increase in accounts payable
    		                                           
      decrease in accrued expenses
    		                                      7,000,000 -25,000,000 -24,000,000   
      decrease in other current and non-current assets
    		                                      -81,000,000 65,000,000 63,000,000   
      increase in other current and non-current liabilities
    		                                           
      cash effect of deconsolidation of partnerships
    		                                           
      proceeds from enerbank notes
    		                                           
      payment of preferred stock dividends
    		                                      -4,000,000 -3,000,000 -3,000,000   
      payment of capital and finance lease obligations
    		                                           
      net increase in cash and cash equivalents, including assets held for sale
    		                                           
      decrease (increase) in cash and cash equivalents included in assets held for sale
    		                                           
      adjustments to reconcile net income to net cash from operating activities:
    		                                           
      equity earnings of subsidiaries
    		                                           
      dividends received from subsidiaries
    		                                           
      increase in accounts receivable
    		                                           
      change in other assets and liabilities
    		                                           
      investment in subsidiaries
    		                                           
      proceeds from bank loans and notes
    		                                           
      proceeds from issuance of common stock
    		                                           
      retirement of bank loans and notes
    		                                           
      debt issuance costs and financing fees
    		                                           
      net change in cash and temporary cash investments
    		                                           
      cash and temporary cash investments, beginning of period
    		                                           
      cash and temporary cash investments, end of period
    		                                           
      december 31
    		                                           
      notes and accrued interest receivable
    		                                           
      accounts receivable, including intercompany and related parties
    		                                           
      deferred income taxes
    		                                           
      plant, property, and equipment, at cost
    		                                           
      less accumulated depreciation
    		                                           
      non-current assets
    		                                           
      other investment — serp
    		                                           
      total non-current assets
    		                                           
      net income attributable to cms energy
    		                                           
      adjustments to reconcile net income attributable to cms energy to net cash from operating activities
    		                                           
      income attributable to noncontrolling interests
    		                                           
      regulatory return on capital expenditures
    		                                      -9,000,000 -8,000,000 -8,000,000   
      capital lease and other amortization
    		                                      9,000,000 10,000,000 9,000,000   
      gain on indemnification
    		                                           
      gain on sale of assets
    		                                           
      gain on extinguishment of long-term debt — related parties
    		                                           
      increase in environmental remediation accrual
    		                                           
      income from equity method investees
    		                                           
      electric sales contract termination payment
    		                                      0 0 -275,000,000   
      decrease in accounts receivable and accrued revenue
    		                                           
      decrease in accrued power supply and gas revenue
    		                                      -1,000,000 2,000,000 38,000,000   
      decrease in other current and non-current liabilities
    		                                      -28,000,000 -47,000,000 -65,000,000   
      proceeds for sale of assets
    		                                           
      other investing
    		                                      -11,000,000 -3,000,000 4,000,000   
      retirement of bonds and other long-term debt, including related parties
    		                                           
      debt issuance costs, financing fees, and other
    		                                      -5,000,000 0 -5,000,000   
      depreciation and amortization, net of nuclear decomissioning of - and 4
    		                                           
      minority interests (obligations)
    		                                      3,000,000 1,000,000 2,000,000   
      asset impairment charges, net of insurance recoveries
    		                                           
      postretirement benefits costs
    		                                           
      gain on the sale of assets
    		                                      0     
      earnings from equity method investees
    		                                           
      cash distributions from equity method investees
    		                                           
      shareholder class action settlement
    		                                           
      decrease (increase) in accounts receivable and accrued revenues
    		                                      -9,000,000     
      increase in inventories
    		                                           
      decrease in deferred property taxes
    		                                           
      decrease in accounts payable
    		                                        -35,000,000   
      decrease in accrued taxes
    		                                        -65,000,000   
      restricted cash
    		                                      -3,000,000 2,000,000 5,000,000   
      investments in nuclear decommissioning trust funds
    		                                           
      proceeds from nuclear decommissioning trust funds
    		                                           
      proceeds from sale of assets
    		                                           
      cash relinquished from sale of assets
    		                                           
      proceeds from notes, bonds, and other long-term debt
    		                                      404,000,000 33,000,000 493,000,000   
      retirement of bonds and other long-term debt
    		                                      -74,000,000 -304,000,000 -290,000,000   
      payment of capital lease and financial lease obligations
    		                                      -6,000,000 -6,000,000 -6,000,000   
      effect of exchange rates on cash
    		                                         -1,999,998 0 
      plant and property
    		                                           
      electric utility
    		                                           
      gas utility
    		                                           
      enterprises
    		                                           
      less accumulated depreciation, depletion and amortization
    		                                           
      construction work-in-progress
    		                                           
      cash and cash equivalents at cost, which approximates market
    		                                           
      restricted cash at cost, which approximates market
    		                                           
      notes receivable
    		                                           
      accounts receivable and accrued revenue, less allowances of 20 in 2008 and 21 in 2007
    		                                           
      accrued power supply revenue
    		                                           
      accounts receivable — related parties
    		                                           
      regulatory assets — postretirement benefits
    		                                           
      prepayments and other
    		                                           
      securitized costs
    		                                           
      customer choice act
    		                                           
      notes receivable, less allowances of 30 in 2008 and 31 in 2007
    		                                           
      depreciation and amortization, net of nuclear decomissioning of - and 2
    		                                           
      asset impairment charges
    		                                           
      loss (earnings) from equity method investees
    		                                       1,000,000 1,000,000   
      deposit on pending asset sale
    		                                           
      depreciation and amortization, net of nuclear decomissioning of - and 1
    		                                        173,000,000   
      loss on the sale of assets
    		                                           
      increase in accounts receivable and accrued revenues
    		                                        -58,000,000   
      net cash provided by:
    		                                           
      operating activities
    		                                           
      investing activities
    		                                           
      net cash from operating and investing activities
    		                                           
      financing activities
    		                                           
      depreciation and amortization, net of nuclear decommissioning of 4 and 3
    		                                           
      fuel costs mark-to-market at the mcv partnership
    		                                           
      pension contribution
    		                                           
      decrease (increase) in accrued power supply and gas revenue
    		                                           
      increase in accrued expenses
    		                                           
      decrease in the mcv partnership gas supplier funds on deposit
    		                                           
      restricted cash and restricted short-term investments
    		                                           
      maturity of the mcv partnership restricted investment securities held-to-maturity
    		                                           
      purchase of the mcv partnership restricted investment securities held-to-maturity
    		                                           
      accounts receivable and accrued revenue, less allowances of 20 in 2007 and 25 in 2006
    		                                           
      accrued power supply and gas revenue
    		                                           
      accounts receivable and notes receivable — related parties
    		                                           
      assets held for sale
    		                                           
      price risk management assets
    		                                           
      nuclear decommissioning trust funds
    		                                           
      notes receivable — related parties
    		                                           
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.