Financings And Capitalization (Tables)

6 Months Ended

Jun. 30, 2018

Debt Instrument [Line Items]

Major Long-Term Debt Transactions

Financings: Presented in the following table is a summary of major long-term debt transactions during the six months ended June 30, 2018.

	Principal  (In Millions)			Interest Rate		Issue/Retirement Date	Maturity Date
Debt issuances
CMS Energy, parent only
Junior subordinated notes1		$	200	5.625	%	March 2018	March 2078
Total CMS Energy, parent only		$	200
Consumers
First mortgage bonds		$	550	4.05	%	May 2018	May 2048
Total Consumers		$	550
Total CMS Energy		$	750
Debt retirements
CMS Energy, parent only
Term loan facility		$	180	variable		March 2018	December 2018
Senior notes2		$	100	8.75	%	June 2018	June 2019
Total CMS Energy, parent only		$	280
Consumers
Tax-exempt pollution control revenue bonds		$	68	various		April 2018	April 2018
First mortgage bonds		250		5.65	%	May 2018	September 2018
Total Consumers		$	318
Total CMS Energy		$	598

¹  These unsecured obligations rank subordinate and junior in right of payment to all of CMS Energy’s existing and future senior indebtedness.

²  CMS Energy retired these senior notes at a premium and recorded a loss on extinguishment of $5 million in other expense on its consolidated statements of income.

Revolving Credit Facilities

Revolving Credit Facilities: The following revolving credit facilities with banks were available at June 30, 2018:

In Millions
Expiration Date	Amount of Facility			Amount Borrowed			Letters of Credit Outstanding			Amount Available
CMS Energy, parent only
June 5, 20231		$	550		$	—		$	1		$	549
Consumers
June 5, 20232,3		$	850		$	—		$	7		$	843
November 23, 20193		250			—			25			225
September 9, 20193		30			—			30			—

¹  During the six months ended June 30, 2018, CMS Energy’s average borrowings totaled $23 million with a weighted-average interest rate of 2.81 percent. In June 2018, CMS Energy amended this revolving credit facility, eliminating the security provided by Consumers common stock, and extending the expiration date to June 2023.

²  In June 2018, Consumers amended this revolving credit facility by increasing its borrowing capacity to $850 million and extending the expiration date to June 2023.

³  Obligations under this facility are secured by first mortgage bonds of Consumers.

Issuance of Common Stock

Presented in the following table are the transactions that CMS Energy entered into under the program:

	Number of Shares Issued		Average Price per Share			Net Proceeds (In Millions)
May 2018		638,898		$	45.83		$	29
June 2017		1,494,371		47.31			70

Consumers Energy Company

Debt Instrument [Line Items]

Major Long-Term Debt Transactions

Financings: Presented in the following table is a summary of major long-term debt transactions during the six months ended June 30, 2018.

	Principal  (In Millions)			Interest Rate		Issue/Retirement Date	Maturity Date
Debt issuances
CMS Energy, parent only
Junior subordinated notes1		$	200	5.625	%	March 2018	March 2078
Total CMS Energy, parent only		$	200
Consumers
First mortgage bonds		$	550	4.05	%	May 2018	May 2048
Total Consumers		$	550
Total CMS Energy		$	750
Debt retirements
CMS Energy, parent only
Term loan facility		$	180	variable		March 2018	December 2018
Senior notes2		$	100	8.75	%	June 2018	June 2019
Total CMS Energy, parent only		$	280
Consumers
Tax-exempt pollution control revenue bonds		$	68	various		April 2018	April 2018
First mortgage bonds		250		5.65	%	May 2018	September 2018
Total Consumers		$	318
Total CMS Energy		$	598

¹  These unsecured obligations rank subordinate and junior in right of payment to all of CMS Energy’s existing and future senior indebtedness.

²  CMS Energy retired these senior notes at a premium and recorded a loss on extinguishment of $5 million in other expense on its consolidated statements of income.

Revolving Credit Facilities

Revolving Credit Facilities: The following revolving credit facilities with banks were available at June 30, 2018:

In Millions
Expiration Date	Amount of Facility			Amount Borrowed			Letters of Credit Outstanding			Amount Available
CMS Energy, parent only
June 5, 20231		$	550		$	—		$	1		$	549
Consumers
June 5, 20232,3		$	850		$	—		$	7		$	843
November 23, 20193		250			—			25			225
September 9, 20193		30			—			30			—

¹  During the six months ended June 30, 2018, CMS Energy’s average borrowings totaled $23 million with a weighted-average interest rate of 2.81 percent. In June 2018, CMS Energy amended this revolving credit facility, eliminating the security provided by Consumers common stock, and extending the expiration date to June 2023.

²  In June 2018, Consumers amended this revolving credit facility by increasing its borrowing capacity to $850 million and extending the expiration date to June 2023.

³  Obligations under this facility are secured by first mortgage bonds of Consumers.