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Financings and Capitalization (Tables)
 9 Months Ended
Sep. 30, 2022
Debt Instrument [Line Items]  
Schedule of Major Long-Term Debt Issuances and Retirements
Presented in the following table is a summary of major long-term debt retirements during the nine months ended September 30, 2022:
Principal
(In Millions)		Interest RateRetirement DateMaturity Date
NorthStar Clean Energy, including subsidiaries
Term loan facility$76 variableJune 2022October 2025
Schedule of Revolving Credit Facilities The following credit facilities with banks were available at September 30, 2022:
In Millions
Expiration DateAmount of FacilityAmount BorrowedLetters of Credit OutstandingAmount Available
CMS Energy, parent only
June 5, 2024
$550 $— $14 $536 
September 22, 2024
50 — 50 — 
NorthStar Clean Energy, including subsidiaries
September 25, 20251
$37 $— $37 $— 
Consumers2
June 5, 2024
$850 $— $29 $821 
November 19, 2023
250 — 62 188 
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.
2Obligations 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, 2022:
Forward Price Per Share
Contract DateMaturity DateNumber of SharesInitialSeptember 30, 2022
September 15, 2020December 31, 2022846,759$61.04 $57.31 
December 22, 2020December 31, 2023115,59561.81 58.65 
August 3, 2022February 1, 20242,944,20767.59 67.78 
August 24, 2022February 26, 20241,677,93869.46 69.59 
August 29, 2022February 26, 20241,783,38868.18 68.29 
Consumers Energy Company  
Debt Instrument [Line Items]  
Schedule of Major Long-Term Debt Issuances and Retirements Presented in the following table is a summary of major long-term debt issuances during the nine months ended September 30, 2022:
Principal
(In Millions)		Interest RateIssuance DateMaturity Date
Consumers
Term loan facility1
$550 variableJuly 2022January 2024
First mortgage bonds350 3.600 %August 2022August 2032
First mortgage bonds 450 4.200 %August 2022September 2052
1    In July 2022, Consumers entered into a delayed-draw $1.0 billion unsecured term loan credit agreement. Loans under this facility have an interest rate of one-month SOFR plus 0.650 percent. At September 30, 2022, Consumers had loans outstanding of $300 million at a rate of 3.456 percent and $250 million at a rate of 3.714 percent.
Schedule of Revolving Credit Facilities The following credit facilities with banks were available at September 30, 2022:
In Millions
Expiration DateAmount of FacilityAmount BorrowedLetters of Credit OutstandingAmount Available
CMS Energy, parent only
June 5, 2024
$550 $— $14 $536 
September 22, 2024
50 — 50 — 
NorthStar Clean Energy, including subsidiaries
September 25, 20251
$37 $— $37 $— 
Consumers2
June 5, 2024
$850 $— $29 $821 
November 19, 2023
250 — 62 188 
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.
2Obligations under these facilities are secured by first mortgage bonds of Consumers.