XML 17 R39.htm IDEA: XBRL DOCUMENT v2.4.0.6
Financings and Capitalization (Major Long-Term Debt Transactions) (Details) (USD $)
In Millions, unless otherwise specified
6 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended
Jun. 30, 2012
Debt Issuances [Member]
Jun. 30, 2012
Debt Retirements [Member]
Jun. 30, 2012
First Mortgage Bonds 2.85% Due May 2022 [Member]
Consumers Energy Company [Member]
Jun. 30, 2012
First Mortgage Bonds 5% Due February 2012 [Member]
Consumers Energy Company [Member]
Jun. 30, 2012
First Mortgage Bonds 5.375% Due April 2013 [Member]
Consumers Energy Company [Member]
Jul. 25, 2012
Bond Purchase Agreement [Member]
First Mortgage Bonds 3.19% Due 2024 [Member]
Consumers Energy Company [Member]
Jul. 25, 2012
Bond Purchase Agreement [Member]
First Mortgage Bonds 3.39% Due 2027 [Member]
Consumers Energy Company [Member]
Jul. 25, 2012
Bond Purchase Agreement [Member]
First Mortgage Bonds 4.31% Due 2042 [Member]
Consumers Energy Company [Member]
Dec. 31, 2011
Term Loan $180 Million [Member]
Jun. 30, 2012
Senior Notes 5.05% Due March 2022 [Member]
Debt Issuances [Member]
Jun. 30, 2012
Term Loan Facility Due December 2016 [Member]
Debt Issuances [Member]
Jun. 30, 2012
Senior Notes 2.875% Due December 2024 [Member]
Debt Retirements [Member]
Jul. 25, 2012
Senior Notes Variable Rate Due January 2013 [Member]
Repayment of Debt [Member]
Jun. 30, 2012
Senior Notes Variable Rate Due January 2013 [Member]
Repayment of Debt [Member]
Jun. 30, 2012
Short Term Credit Agreement Due March Two Thousand Thirteen [Member]
Consumers Energy Company [Member]
Jul. 25, 2012
Short Term Credit Agreement Due March Two Thousand Thirteen [Member]
Debt Drawn [Member]
Consumers Energy Company [Member]
Jun. 30, 2012
Trust Preferred Securities [Member]
Debt Retirements [Member]
Debt Issuance, Principal $ 705   $ 375     $ 52 $ 35 $ 263   $ 300 $ 30 [1],[2]            
Interest Rate     2.85% 5.00% 5.38% 3.19% 3.39% 4.31%   5.05%   2.88% [3]         7.75%
Debt Issuance Date     May 01, 2012             Mar. 01, 2012 Feb. 01, 2012 [1],[2]            
Maturity Date     May 2022 February 2012 April 2013         March 2022 December 2016 [1],[2] December 2024 [3]   January 2013 March 2013   July 2027
Debt Retirement, Principal   930   300 375             226 [3] 150       29
Debt Retirement Date       February 2012 May 2012             January 2012and April 2012 [3]         February 2012
Term loan credit agreement                 180                
LIBOR plus                 2.50%                
Amount of Facility                             375    
Short Term Credit Agreement, Amount Drawn                               $ 350  
[1] In December 2011, CMS Energy entered into a $180 million term loan credit agreement that provides for delayed draws through July 20, 2012. Outstanding borrowings bear interest at an annual interest rate of LIBOR plus 2.5 percent.
[2] CMS Energy used these proceeds to retire the 7.75 percent Trust Preferred Securities.
[3] CMS Energy's contingently convertible notes. See the "Contingently Convertible Securities" section in this Note for further discussion of the conversions.