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Financings and Capitalization (Tables)
 3 Months Ended
Mar. 31, 2023
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 three months ended March 31, 2023:
Principal
(In Millions)		Interest Rate (%)Retirement DateMaturity Date
Consumers
Term loan facility$1,000 variableFebruary 2023January 2024
Schedule of Revolving Credit Facilities The following credit facilities with banks were available at March 31, 2023:
In Millions
Expiration DateAmount of FacilityAmount BorrowedLetters of Credit OutstandingAmount Available
CMS Energy, parent only
December 14, 20271
$550 $— $21 $529 
September 22, 2024
50 — 50 — 
NorthStar Clean Energy, including subsidiaries
September 25, 20252
$37 $— $37 $— 
Consumers3
December 14, 2027
$1,100 $— $27 $1,073 
November 18, 2024
250 — 27 223 
1There were no borrowings under this facility during the three months ended March 31, 2023.
2This letter of credit facility is available to Aviator Wind Equity Holdings. For more information regarding Aviator Wind Equity Holdings, see Note 11, Variable Interest Entities.
3Obligations under these facilities are secured by first mortgage bonds of Consumers. There were no borrowings under these facilities during the three months ended March 31, 2023.
Schedule of Forward Contracts Presented in the following table are details of CMS Energy’s forward sales contracts under its equity offering program at March 31, 2023:
Forward Price Per Share
Contract DateMaturity DateNumber of SharesInitialMarch 31, 2023
August 3, 2022February 1, 20242,944,20767.59 67.98 
August 24, 2022February 26, 20241,677,93869.46 69.89 
August 29, 2022February 26, 20241,783,38868.18 68.56 
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 three months ended March 31, 2023:
Principal
(In Millions)		Interest Rate (%)Issuance DateMaturity Date
NorthStar Clean Energy, including subsidiaries
Term loan facility1
$85 variableFebruary 2023September 2023
Total NorthStar Clean Energy, including subsidiaries$85 
Consumers
First mortgage bonds$425 4.650 %January 2023March 2028
First mortgage bonds700 4.625 February 2023May 2033
Total Consumers$1,125 
Total CMS Energy$1,210 
1    In December 2022, a subsidiary of NorthStar Clean Energy entered into a $185 million unsecured term loan credit agreement. Under this credit agreement, a subsidiary of NorthStar Clean Energy borrowed $85 million in 2023. As of March 31, 2023, there was $185 million of loans outstanding bearing an interest rate of 5.806 percent under the unsecured term loan credit agreement.
Schedule of Revolving Credit Facilities The following credit facilities with banks were available at March 31, 2023:
In Millions
Expiration DateAmount of FacilityAmount BorrowedLetters of Credit OutstandingAmount Available
CMS Energy, parent only
December 14, 20271
$550 $— $21 $529 
September 22, 2024
50 — 50 — 
NorthStar Clean Energy, including subsidiaries
September 25, 20252
$37 $— $37 $— 
Consumers3
December 14, 2027
$1,100 $— $27 $1,073 
November 18, 2024
250 — 27 223 
1There were no borrowings under this facility during the three months ended March 31, 2023.
2This letter of credit facility is available to Aviator Wind Equity Holdings. For more information regarding Aviator Wind Equity Holdings, see Note 11, Variable Interest Entities.
3Obligations under these facilities are secured by first mortgage bonds of Consumers. There were no borrowings under these facilities during the three months ended March 31, 2023.