Financings And Capitalization (Tables)

9 Months Ended

Sep. 30, 2021

Debt Instrument [Line Items]

Revolving Credit Facilities

The following credit facilities with banks were available at September 30, 2021:

In Millions
Expiration Date	Amount of Facility			Amount Borrowed			Letters of Credit Outstanding			Amount Available
CMS Energy, parent only
June 5, 2024		$	550		$	—		$	18		$	532
September 23, 20221		31			—			31			—
CMS Enterprises, including subsidiaries
September 25, 20252		$	39		$	—		$	39		$	—
September 30, 20253		18			—			8			10
Consumers4
June 5, 2024		$	850		$	—		$	12		$	838
November 19, 2022		250			—			1			249
April 18, 2022		30			—			30			—

1The maximum aggregate of letters of credit that may be issued under this facility is $50 million. The amount remaining under the facility is uncommitted.

2This letter of credit facility is available to Aviator Wind Equity Holdings. For more information regarding Aviator Wind Equity Holdings, see Note 12, Variable Interest Entities.

3Under 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.

4Obligations 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 September 30, 2021:

			Forward Price Per Share
Contract Date	Maturity Date	Number of Shares	Initial			September 30, 2021
September 15, 2020	June 30, 2022	846,759		$	61.04		$	59.01
December 22, 2020	June 22, 2022	115,595		61.81			60.27

Consumers Energy Company

Debt Instrument [Line Items]

Schedule of Debt

Presented in the following table is a summary of major long-term debt issuances during the nine months ended September 30, 2021:

	Principal (In Millions)			Interest Rate	Issuance Date	Maturity Date
Consumers
First mortgage bonds		$	300	2.650%	August 2021	August 2052

Revolving Credit Facilities

The following credit facilities with banks were available at September 30, 2021:

In Millions
Expiration Date	Amount of Facility			Amount Borrowed			Letters of Credit Outstanding			Amount Available
CMS Energy, parent only
June 5, 2024		$	550		$	—		$	18		$	532
September 23, 20221		31			—			31			—
CMS Enterprises, including subsidiaries
September 25, 20252		$	39		$	—		$	39		$	—
September 30, 20253		18			—			8			10
Consumers4
June 5, 2024		$	850		$	—		$	12		$	838
November 19, 2022		250			—			1			249
April 18, 2022		30			—			30			—

1The maximum aggregate of letters of credit that may be issued under this facility is $50 million. The amount remaining under the facility is uncommitted.

2This letter of credit facility is available to Aviator Wind Equity Holdings. For more information regarding Aviator Wind Equity Holdings, see Note 12, Variable Interest Entities.

3Under 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.

4Obligations under these facilities are secured by first mortgage bonds of Consumers.