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Financings And Capitalization (Tables) | 9 Months Ended
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Sep. 30, 2014
Summary Of Major Long-Term Debt Transactions |
| Principal |  | Issue/Retirement |  |
| (In Millions) | Interest Rate |  | Date | Maturity Date |
Debt issuances |  |  |  |  |  |  |  |
CMS Energy |  |  |  |  |  |  |  |
Senior notes 1 |  | $ | 250 | 3.875 | % | February 2014 | March 2024 |
Senior notes 1 |  |  | 300 | 4.875 |  | February 2014 | March 2044 |
Total CMS Energy parent |  | $ | 550 |  |  |  |  |
Consumers |  |  |  |  |  |  |  |
Securitization bonds 2 |  | $ | 124 | 1.334 | % | July 2014 | November 2020 |
Securitization bonds 2 |  |  | 139 | 2.962 |  | July 2014 | November 2025 |
Securitization bonds 2 |  |  | 115 | 3.528 |  | July 2014 | May 2029 |
FMBs |  |  | 250 | 3.125 |  | August 2014 | August 2024 |
FMBs |  |  | 250 | 4.350 |  | August 2014 | August 2064 |
Total Consumers |  | $ | 878 |  |  |  |  |
Total debt issuances |  | $ | 1,428 |  |  |  |  |
Debt retirements |  |  |  |  |  |  |  |
CMS Energy |  |  |  |  |  |  |  |
Senior notes 3 |  | $ | 125 | 6.875 | % | April 2014 | December 2015 |
Senior notes |  |  | 155 | 5.500 |  | June 2014 | June 2029 |
Total CMS Energy parent |  | $ | 280 |  |  |  |  |
Consumers |  |  |  |  |  |  |  |
FMBs |  | $ | 177 | 5.500 | % | August 2014 | August 2016 |
Total Consumers |  | $ | 177 |  |  |  |  |
Total debt retirements |  | $ | 457 |  |  |  |  |
| 1 |  | CMS Energy used a portion of these proceeds to retire its $125 million 6.875 percent senior notes due December 2015 and its $155 million 5.5 percent convertible senior notes due June 2029. CMS Energy intends to use the remaining proceeds for general corporate purposes.
| 2 |  | These Securitization bonds are collateralized by certain regulatory assets held by Consumers 2014 Securitization Funding. The bondholders have no recourse to Consumers’ other assets. Through its rate structure, Consumers collects from its retail electric customers, with some exceptions, Securitization charges to cover the principal and interest on the bonds as well as certain other qualified costs. The surcharges collected are remitted to a trustee and are not available to creditors of Consumers or creditors of Consumers’ affiliates other than Consumers 2014 Securitization Funding. Consumers used the proceeds from the Securitization property to retire $177 million of its 5.5 percent FMBs due August 2016 and $178 million of its equity. For additional details regarding the Securitization, see Note 2, Regulatory Matters.
| 3 |  | CMS Energy retired this debt at a premium and recorded a loss on extinguishment of $13 million in other expense on its consolidated statements of income.
Revolving Credit Facilities |
In Millions
|  |  | Letters of Credit |
Expiration Date | Amount of Facility | Amount Borrowed | Outstanding | Amount Available |
CMS Energy |  |  |  |  |  |  |  |  |  |  |  |  |
December 20, 2018 1 |  | $ | 550 |  | $ | - |  | $ | 2 |  | $ | 548 |
Consumers |  |  |  |  |  |  |  |  |  |  |  |  |
December 20, 2018 2 |  | $ | 650 |  | $ | - |  | $ | - |  | $ | 650 |
May 9, 2018 2 |  |  | 30 |  |  | - |  |  | 30 |  |  | - |
| 1 |  | Obligations under this facility are secured by Consumers common stock.
| 2 |  | Obligations under this facility are secured by FMBs of Consumers.
Conversions Of Contingently Convertible Securities |
|  |  | Weighted-Average | Shares |
|  | Principal | Conversion | of Common | Cash Paid on |
| Conversion | Converted | Value per $1,000 | Stock Issued | Settlement |
| Date | (In Millions) | of Principal | on Settlement | (In Millions) |
5.50% senior notes due 2029 | February 2014 |  | $ | 17 |  | $ | 1,968 | 605,531 |  | $ | 17 |
5.50% senior notes due 2029 | June 2014 |  |  | 155 |  |  | 2,215 | 6,372,578 |  |  | 155 |
Issuance Of Stock |
| Number of | Average | Proceeds |
| Shares Issued | Price per Share | (In Millions) |
March 2014 | 1,070,080 |  | $ | 28.04 |  | $ | 30 |
Consumers Energy Company [Member] |
Summary Of Major Long-Term Debt Transactions |
| Principal |  | Issue/Retirement |  |
| (In Millions) | Interest Rate |  | Date | Maturity Date |
Debt issuances |  |  |  |  |  |  |  |
CMS Energy |  |  |  |  |  |  |  |
Senior notes 1 |  | $ | 250 | 3.875 | % | February 2014 | March 2024 |
Senior notes 1 |  |  | 300 | 4.875 |  | February 2014 | March 2044 |
Total CMS Energy parent |  | $ | 550 |  |  |  |  |
Consumers |  |  |  |  |  |  |  |
Securitization bonds 2 |  | $ | 124 | 1.334 | % | July 2014 | November 2020 |
Securitization bonds 2 |  |  | 139 | 2.962 |  | July 2014 | November 2025 |
Securitization bonds 2 |  |  | 115 | 3.528 |  | July 2014 | May 2029 |
FMBs |  |  | 250 | 3.125 |  | August 2014 | August 2024 |
FMBs |  |  | 250 | 4.350 |  | August 2014 | August 2064 |
Total Consumers |  | $ | 878 |  |  |  |  |
Total debt issuances |  | $ | 1,428 |  |  |  |  |
Debt retirements |  |  |  |  |  |  |  |
CMS Energy |  |  |  |  |  |  |  |
Senior notes 3 |  | $ | 125 | 6.875 | % | April 2014 | December 2015 |
Senior notes |  |  | 155 | 5.500 |  | June 2014 | June 2029 |
Total CMS Energy parent |  | $ | 280 |  |  |  |  |
Consumers |  |  |  |  |  |  |  |
FMBs |  | $ | 177 | 5.500 | % | August 2014 | August 2016 |
Total Consumers |  | $ | 177 |  |  |  |  |
Total debt retirements |  | $ | 457 |  |  |  |  |
| 1 |  | CMS Energy used a portion of these proceeds to retire its $125 million 6.875 percent senior notes due December 2015 and its $155 million 5.5 percent convertible senior notes due June 2029. CMS Energy intends to use the remaining proceeds for general corporate purposes.
| 2 |  | These Securitization bonds are collateralized by certain regulatory assets held by Consumers 2014 Securitization Funding. The bondholders have no recourse to Consumers’ other assets. Through its rate structure, Consumers collects from its retail electric customers, with some exceptions, Securitization charges to cover the principal and interest on the bonds as well as certain other qualified costs. The surcharges collected are remitted to a trustee and are not available to creditors of Consumers or creditors of Consumers’ affiliates other than Consumers 2014 Securitization Funding. Consumers used the proceeds from the Securitization property to retire $177 million of its 5.5 percent FMBs due August 2016 and $178 million of its equity. For additional details regarding the Securitization, see Note 2, Regulatory Matters.
| 3 |  | CMS Energy retired this debt at a premium and recorded a loss on extinguishment of $13 million in other expense on its consolidated statements of income.
Revolving Credit Facilities |
In Millions
|  |  | Letters of Credit |
Expiration Date | Amount of Facility | Amount Borrowed | Outstanding | Amount Available |
CMS Energy |  |  |  |  |  |  |  |  |  |  |  |  |
December 20, 2018 1 |  | $ | 550 |  | $ | - |  | $ | 2 |  | $ | 548 |
Consumers |  |  |  |  |  |  |  |  |  |  |  |  |
December 20, 2018 2 |  | $ | 650 |  | $ | - |  | $ | - |  | $ | 650 |
May 9, 2018 2 |  |  | 30 |  |  | - |  |  | 30 |  |  | - |
| 1 |  | Obligations under this facility are secured by Consumers common stock.
| 2 |  | Obligations under this facility are secured by FMBs of Consumers.

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