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Financings and Capitalization (Tables)
 9 Months Ended
Sep. 30, 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 issuances during the nine months ended September 30, 2023:
Principal
(In Millions)		Interest Rate (%)Issuance DateMaturity Date
CMS Energy, parent only
Convertible senior notes$800 3.375 May 2023May 2028
Total CMS Energy, parent only$800 
NorthStar Clean Energy, including subsidiaries
Term loan facility1
$85 variableFebruary 2023November 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
First mortgage bonds115 5.240 May 2023May 2026
First mortgage bonds50 5.070 May 2023May 2029
First mortgage bonds95 5.170 May 2023May 2032
First mortgage bonds140 5.380 May 2023May 2037
First mortgage bonds500 4.900 August 2023February 2029
Total Consumers$2,025 
Total CMS Energy$2,910 
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.
Presented in the following table is a summary of major long-term debt retirements during the nine months ended September 30, 2023:
Principal
(In Millions)		Interest Rate (%)Retirement DateMaturity Date
NorthStar Clean Energy, including subsidiaries
Term loan facility1
$14 variableAugust 2023November 2023
Total NorthStar Clean Energy, including subsidiaries$14 
Consumers
Term loan facility$1,000 variableFebruary 2023January 2024
First mortgage bonds300 0.350June 2023June 2023
First mortgage bonds325 3.375 August 2023August 2023
Total Consumers$1,625 
1    As of September 30, 2023, there was $171 million of loans outstanding bearing an interest rate of 6.416 percent under the unsecured term loan credit agreement.
During the nine months ended September 30, 2023, CMS Energy purchased the following Consumers’ first mortgage bonds for $192 million:
Repurchase Date
Principal
(In Millions)
Interest Rate
(%)
May 2023First mortgage bonds due 2060$150 2.500 
May 2023First mortgage bonds due 205288 2.650 
August 2023First mortgage bonds due 205023 3.750 
August 2023First mortgage bonds due 205215 2.650 
September 2023First mortgage bonds due 205018 3.100 
September 2023First mortgage bonds due 20513 3.500 
Schedule of Revolving Credit Facilities The following credit facilities with banks were available at September 30, 2023:
In Millions
Expiration DateAmount of FacilityAmount BorrowedLetters of Credit OutstandingAmount Available
CMS Energy, parent only
December 14, 20271
$550 $— $20 $530 
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 — 68 182 
1There were no borrowings under this facility during the nine months ended September 30, 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 nine months ended September 30, 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 September 30, 2023:
Forward Price Per Share
Contract DateMaturity DateNumber of SharesInitialSeptember 30, 2023
August 3, 2022December 31, 20242,944,207$67.59 $68.54 
August 24, 2022December 31, 20241,677,93869.46 70.54 
August 29, 2022December 31, 20241,783,38868.18 69.18 
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, 2023:
Principal
(In Millions)		Interest Rate (%)Issuance DateMaturity Date
CMS Energy, parent only
Convertible senior notes$800 3.375 May 2023May 2028
Total CMS Energy, parent only$800 
NorthStar Clean Energy, including subsidiaries
Term loan facility1
$85 variableFebruary 2023November 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
First mortgage bonds115 5.240 May 2023May 2026
First mortgage bonds50 5.070 May 2023May 2029
First mortgage bonds95 5.170 May 2023May 2032
First mortgage bonds140 5.380 May 2023May 2037
First mortgage bonds500 4.900 August 2023February 2029
Total Consumers$2,025 
Total CMS Energy$2,910 
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.
Schedule of Revolving Credit Facilities The following credit facilities with banks were available at September 30, 2023:
In Millions
Expiration DateAmount of FacilityAmount BorrowedLetters of Credit OutstandingAmount Available
CMS Energy, parent only
December 14, 20271
$550 $— $20 $530 
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 — 68 182 
1There were no borrowings under this facility during the nine months ended September 30, 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 nine months ended September 30, 2023.