CMS Energy Corporation Preferre SEC Filings

Consumers Energy Company is offering $850,000,000 aggregate principal amount of 5.125% First Mortgage Bonds due May 1, 2036. Interest accrues from May 5, 2026 and is payable semi‑annually on May 1 and November 1, beginning November 1, 2026. The bonds price at 99.900% with proceeds to Consumers of $843,625,000 (before expenses) and an underwriting discount of 0.650%. Consumers intends to use net proceeds to redeem its 5.24% First Mortgage Bonds due May 15, 2026 (of which $115,000,000 was outstanding as of March 31, 2026) and for general corporate purposes, including short‑term debt repayment. The bonds rank pari passu with other first mortgage bonds, will be issued in book‑entry form through DTC, and will not be listed for trading.