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Financings And Capitalization (Tables)
3 Months Ended
Mar. 31, 2021
Debt Instrument [Line Items]  
Revolving Credit Facilities The following credit facilities with banks were available at March 31, 2021:
In Millions
Expiration DateAmount of FacilityAmount BorrowedLetters of Credit OutstandingAmount Available
CMS Energy, parent only
June 5, 2023
$550 $— $18 $532 
CMS Enterprises, including subsidiaries
September 25, 20251
$39 $— $39 $— 
September 30, 20252
18 — 10 
Consumers3
June 5, 2023$850 $— $12 $838 
November 19, 2022250 — 249 
April 18, 202230 — 30 — 
1This letter of credit facility is available to Aviator Wind Equity Holdings. For more information regarding Aviator Wind Equity Holdings, see Note 13, Variable Interest Entities.
2Under this facility, $8 million is available solely for the purpose of issuing letters of credit. Obligations under this facility are secured by the collateral accounts with the lending bank.
3Obligations under these facilities are secured by first mortgage bonds of Consumers.
Schedule of Forward Contracts Presented in the following table are details of CMS Energy’s forward sales contracts under this program at March 31, 2021:
Forward Price Per Share
Contract DateMaturity DateNumber of SharesInitialMarch 31, 2021
September 15, 2020June 30, 2022846,759$61.04 $60.01 
December 22, 2020June 22, 2022115,59561.81 61.31 
Consumers Energy Company  
Debt Instrument [Line Items]  
Revolving Credit Facilities The following credit facilities with banks were available at March 31, 2021:
In Millions
Expiration DateAmount of FacilityAmount BorrowedLetters of Credit OutstandingAmount Available
CMS Energy, parent only
June 5, 2023
$550 $— $18 $532 
CMS Enterprises, including subsidiaries
September 25, 20251
$39 $— $39 $— 
September 30, 20252
18 — 10 
Consumers3
June 5, 2023$850 $— $12 $838 
November 19, 2022250 — 249 
April 18, 202230 — 30 — 
1This letter of credit facility is available to Aviator Wind Equity Holdings. For more information regarding Aviator Wind Equity Holdings, see Note 13, Variable Interest Entities.
2Under this facility, $8 million is available solely for the purpose of issuing letters of credit. Obligations under this facility are secured by the collateral accounts with the lending bank.
3Obligations under these facilities are secured by first mortgage bonds of Consumers.