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Contingencies And Commitments (Tables)
3 Months Ended
Mar. 31, 2015
Expected Remediation Cost By Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Millions  

 

2015 
2016 
2017 
2018 
2019 

 

Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remediation and other response activity costs

 

$

11 

 

$

12 

 

$

13 

 

$

11 

 

$

14 

 

 

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

 

$

148 

 

$

 

Guarantees

Various

Various through March 2021

 

 

51 

 

 

 

-

 

Consumers

 

 

 

 

 

 

 

 

 

 

Indemnity obligations and other guarantees

Various

Various through August 2029

 

$

30 

 

 

$

 

 

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.

Schedule Of Guarantees, Other Information

 

 

 

 

 

 

 

 

Guarantee Description

How Guarantee Arose

Events That Would Require Performance 

 

CMS Energy, including Consumers

 

 

 

Indemnity obligations from asset

Stock and asset sale

Findings of misrepresentation, 

 

sales and other agreements

agreements

breach of warranties, tax claims, and 

 

 

 

other specific events or circumstances 

 

 

 

 

 

Guarantees

Normal operating

Nonperformance or non-payment by a 

 

 

activity

subsidiary under a related contract 

 

Consumers

 

 

 

Indemnity obligations and

Normal operating

Nonperformance or claims made by a third 

 

other guarantees

activity

party under a related contract 

 

 

Consumers Energy Company [Member]  
Expected Remediation Cost By Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Millions  

 

2015 
2016 
2017 
2018 
2019 

 

Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remediation and other response activity costs

 

$

11 

 

$

12 

 

$

13 

 

$

11 

 

$

14 

 

 

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

 

$

148 

 

$

 

Guarantees

Various

Various through March 2021

 

 

51 

 

 

 

-

 

Consumers

 

 

 

 

 

 

 

 

 

 

Indemnity obligations and other guarantees

Various

Various through August 2029

 

$

30 

 

 

$

 

 

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.

Schedule Of Guarantees, Other Information

 

 

 

 

 

 

 

 

Guarantee Description

How Guarantee Arose

Events That Would Require Performance 

 

CMS Energy, including Consumers

 

 

 

Indemnity obligations from asset

Stock and asset sale

Findings of misrepresentation, 

 

sales and other agreements

agreements

breach of warranties, tax claims, and 

 

 

 

other specific events or circumstances 

 

 

 

 

 

Guarantees

Normal operating

Nonperformance or non-payment by a 

 

 

activity

subsidiary under a related contract 

 

Consumers

 

 

 

Indemnity obligations and

Normal operating

Nonperformance or claims made by a third 

 

other guarantees

activity

party under a related contract