Item 2. Properties

Descriptions of CMS Energy’s and Consumers’ properties are found in the following sections of Item 1. Business, all of which are incorporated by reference in this Item 2:

· General—CMS Energy

· General—Consumers

· Business Segments—Consumers Electric Utility—Electric Utility Properties

· Business Segments—Consumers Gas Utility—Gas Utility Properties

· Business Segments—Enterprises Segment—Non-Utility Operations and Investments—Independent Power Production