CMS Energy NorthStar Clean Energy — Power supply cost increased by 37.9% to $91.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 31.9%, from $69.00M to $91.00M. Over 3 years (FY 2022 to FY 2025), NorthStar Clean Energy — Power supply cost shows a downward trend with a -4.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase relative to revenue suggests margin compression due to rising fuel or procurement costs, while a decrease indicates improved cost efficiency.
The direct costs incurred to procure or generate the power sold to customers, including fuel, purchased power agreements...
Standard cost of goods sold (COGS) equivalent for energy generation segments.
cms_segment_northstar_clean_energy_power_supply_cost| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $76.00M | $76.00M | $76.00M | $76.00M | $42.50M | $42.50M | $42.50M | $42.50M | $39.00M | $35.00M | $45.00M | $42.00M | $69.00M | $66.00M | $63.00M | $66.00M | $91.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -44.1% | +0.0% | +0.0% | +0.0% | -8.2% | -10.3% | +28.6% | -6.7% | +64.3% | -4.3% | -4.5% | +4.8% | +37.9% |
| YoY Change | — | — | — | — | -44.1% | -44.1% | -44.1% | -44.1% | -8.2% | -17.6% | +5.9% | -1.2% | +76.9% | +88.6% | +40.0% | +57.1% | +31.9% |