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Financings and Capitalization (Tables) | 6 Months Ended
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Jun. 30, 2024
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 six months ended June 30, 2024:
| Principal (In Millions) | Interest Rate (%) | Issuance Date | Maturity Date
Consumers |  |  |  |  |
First mortgage bonds |  | $ | 600 |  | 4.600 |  | January 2024 | May 2029
Total Consumers |  | $ | 600 |  |  |  |
Presented in the following table is a summary of major long-term debt retirements during the six months ended June 30, 2024:
| Principal (In Millions) | Interest Rate (%) | Retirement Date | Maturity Date
CMS Energy, parent only |  |  |  |  |
Senior notes |  | $ | 250 |  | 3.875 | January 2024 | March 2024
CMS Energy, parent only |  | $ | 250 |  |  |  |
Schedule of Revolving Credit Facilities | The following credit facilities with banks were available at June 30, 2024:
In Millions
Expiration Date | Amount of Facility | Amount Borrowed | Letters of Credit Outstanding | Amount Available
CMS Energy, parent only |  |  |  |  |  |  |  |
December 14, 2027 1 |  | $ | 550 |  |  | $ | — |  |  | $ | 29 |  |  | $ | 521 |
September 22, 2024 |  | 50 |  |  | — |  |  | 50 |  |  | — |
NorthStar Clean Energy, including subsidiaries |  |  |  |  |  |  |  |
May 7, 2027 2 |  | $ | 150 |  |  | $ | 105 |  |  | $ | — |  |  | $ | 45 |
September 25, 2025 3 |  | 37 |  |  | — |  |  | 37 |  |  | — |
Consumers 4 |  |  |  |  |  |  |  |
December 14, 2027 |  | $ | 1,100 |  |  | $ | — |  |  | $ | 27 |  |  | $ | 1,073 |
November 18, 2025 |  | 250 |  |  | — |  |  | 54 |  |  | 196 |
1 There were no borrowings under this facility during the six months ended June 30, 2024. 2 Obligations under this facility are secured by certain pledged equity interests in subsidiaries of NorthStar Clean Energy; under the terms of this facility, the interests may not be sold by NorthStar Clean Energy unless there is an agreed-upon substitution for the pledged equity interests. At June 30, 2024, the net book value of the pledged equity interests was $393 million. Also under the terms of this facility, NorthStar Clean Energy may be restricted from remitting cash dividends to CMS Energy in the event of default. Loans under this facility have an interest rate of one-month Term SOFR plus 1.750 percent less an adjustment of 0.050 percent for green credit advances. At June 30, 2024, the interest rate for the loan issued under this facility was 7.026 percent. 3 This 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. 4 Obligations under these facilities are secured by first mortgage bonds of Consumers. There were no borrowings under these facilities during the six months ended June 30, 2024.
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 six months ended June 30, 2024:
| Principal (In Millions) | Interest Rate (%) | Issuance Date | Maturity Date
Consumers |  |  |  |  |
First mortgage bonds |  | $ | 600 |  | 4.600 |  | January 2024 | May 2029
Total Consumers |  | $ | 600 |  |  |  |
Schedule of Revolving Credit Facilities | The following credit facilities with banks were available at June 30, 2024:
In Millions
Expiration Date | Amount of Facility | Amount Borrowed | Letters of Credit Outstanding | Amount Available
CMS Energy, parent only |  |  |  |  |  |  |  |
December 14, 2027 1 |  | $ | 550 |  |  | $ | — |  |  | $ | 29 |  |  | $ | 521 |
September 22, 2024 |  | 50 |  |  | — |  |  | 50 |  |  | — |
NorthStar Clean Energy, including subsidiaries |  |  |  |  |  |  |  |
May 7, 2027 2 |  | $ | 150 |  |  | $ | 105 |  |  | $ | — |  |  | $ | 45 |
September 25, 2025 3 |  | 37 |  |  | — |  |  | 37 |  |  | — |
Consumers 4 |  |  |  |  |  |  |  |
December 14, 2027 |  | $ | 1,100 |  |  | $ | — |  |  | $ | 27 |  |  | $ | 1,073 |
November 18, 2025 |  | 250 |  |  | — |  |  | 54 |  |  | 196 |
1 There were no borrowings under this facility during the six months ended June 30, 2024. 2 Obligations under this facility are secured by certain pledged equity interests in subsidiaries of NorthStar Clean Energy; under the terms of this facility, the interests may not be sold by NorthStar Clean Energy unless there is an agreed-upon substitution for the pledged equity interests. At June 30, 2024, the net book value of the pledged equity interests was $393 million. Also under the terms of this facility, NorthStar Clean Energy may be restricted from remitting cash dividends to CMS Energy in the event of default. Loans under this facility have an interest rate of one-month Term SOFR plus 1.750 percent less an adjustment of 0.050 percent for green credit advances. At June 30, 2024, the interest rate for the loan issued under this facility was 7.026 percent. 3 This 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. 4 Obligations under these facilities are secured by first mortgage bonds of Consumers. There were no borrowings under these facilities during the six months ended June 30, 2024.

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