Business Segments · Power supply cost
Electric Utility — Power supply cost
CMS Energy Electric Utility — Power supply cost increased by 23.5% to $600.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.9%, from $546.00M to $600.00M. Over 3 years (FY 2022 to FY 2025), Electric Utility — Power supply cost shows a downward trend with a -5.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2022
Last reportedQ1 2026
How to read this metric
Lower costs relative to revenue indicate improved fuel efficiency or favorable wholesale market pricing.
Detailed definition
This represents the direct costs incurred to generate or purchase electricity to meet customer demand, including fuel co...
Peer comparison
Standard cost-of-goods-sold equivalent for electric utility segments.
Metric ID:
cms_segment_electric_utility_power_supply_costHistorical Data
17 periods
| 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 | $651.25M | $651.25M | $651.25M | $651.25M | $460.25M | $460.25M | $460.25M | $460.25M | $449.00M | $444.00M | $515.00M | $459.00M | $546.00M | $537.00M | $624.00M | $486.00M | $600.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -29.3% | +0.0% | +0.0% | +0.0% | -2.4% | -1.1% | +16.0% | -10.9% | +19.0% | -1.6% | +16.2% | -22.1% | +23.5% |
| YoY Change | — | — | — | — | -29.3% | -29.3% | -29.3% | -29.3% | -2.4% | -3.5% | +11.9% | -0.3% | +21.6% | +20.9% | +21.2% | +5.9% | +9.9% |
Range$444.00M – $651.25M
CAGR-2.0%
Avg YoY Growth-2.5%
Median YoY Growth-0.3%
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Frequently Asked Questions
- What is CMS Energy's electric utility — power supply cost?
- CMS Energy (CMS) reported electric utility — power supply cost of $600.00M in Q1 2026.
- How has CMS Energy's electric utility — power supply cost changed year-over-year?
- CMS Energy's electric utility — power supply cost increased by 9.9% year-over-year, from $546.00M to $600.00M.
- What is the long-term trend for CMS Energy's electric utility — power supply cost?
- Over 3 years (2022 to 2025), CMS Energy's electric utility — power supply cost has grown at a -5.6% compound annual growth rate (CAGR), from $2.61B to $2.19B.
- What does electric utility — power supply cost mean?
- The total cost of generating or buying the power sold to customers.