

In Millions
			Maximum				Carrying
Guarantee Description	Issue Date	Expiration Date	Obligation				Amount
CMS Energy, including Consumers
Indemnity obligations from asset sales and other agreements	Various	Various through August 2029		$	143	1		$	8
Guarantees	Various	Various through March 2021			51	2			-
Consumers
Indemnity obligations and other guarantees	Various	Various through August 2029		$	30	2		$	1

¹

The majority of this amount arises from stock and asset sale agreements under which CMS Energy or a subsidiary of CMS Energy, other than Consumers, indemnified the purchaser for losses resulting from various matters, including claims related to tax disputes, claims related to power purchase agreements, and defects in title to the assets or stock sold to the purchaser by CMS Energy subsidiaries. Except for items described elsewhere in this Note, CMS Energy believes the likelihood of material loss to be remote for the indemnity obligations not recorded as liabilities.

²

In the normal course of business, CMS Energy and its subsidiaries have provided guarantees and other indemnities to counterparties to facilitate commercial transactions. If a counterparty incurs losses due to nonperformance or nonpayment under the contract terms, CMS Energy or one of its subsidiaries could be required to pay the counterparty.

Site Contingency [Line Items]

Guarantees



In Millions
			Maximum				Carrying
Guarantee Description	Issue Date	Expiration Date	Obligation				Amount
CMS Energy, including Consumers
Indemnity obligations from asset sales and other agreements	Various	Various through August 2029		$	143	1		$	8
Guarantees	Various	Various through March 2021			51	2			-
Consumers
Indemnity obligations and other guarantees	Various	Various through August 2029		$	30	2		$	1

¹

The majority of this amount arises from stock and asset sale agreements under which CMS Energy or a subsidiary of CMS Energy, other than Consumers, indemnified the purchaser for losses resulting from various matters, including claims related to tax disputes, claims related to power purchase agreements, and defects in title to the assets or stock sold to the purchaser by CMS Energy subsidiaries. Except for items described elsewhere in this Note, CMS Energy believes the likelihood of material loss to be remote for the indemnity obligations not recorded as liabilities.

²

In the normal course of business, CMS Energy and its subsidiaries have provided guarantees and other indemnities to counterparties to facilitate commercial transactions. If a counterparty incurs losses due to nonperformance or nonpayment under the contract terms, CMS Energy or one of its subsidiaries could be required to pay the counterparty.

Site Contingency [Line Items]