{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-003371","form_type":"8-K","ticker":"CMS-PB","cik":"0000201533","company_name":"CONSUMERS ENERGY CO","filed_at":"2023-01-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.513595+00:00","generated_at":"2026-06-20T16:12:57.115618+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Consumers Energy (CMS subsidiary) to issue $400M in first mortgage bonds via private placement","bullets":["Total $400M: $115M 5.24% due 2026, $50M 5.07% due 2029, $95M 5.17% due 2032, $140M 5.38% due 2037.","Bonds secured by a direct first lien on property under the Indenture dated 1945, supplemented for this issuance.","Closing anticipated during May 2023, subject to customary conditions including FERC authorization.","Proceeds will be used for general corporate purposes (not specified in detail, but typical utility capex).","Private placement exempt from SEC registration; sold to institutional purchasers."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-003371","json":"https://secwatch.observer/filing/0001104659-23-003371.json","markdown":"https://secwatch.observer/filing/0001104659-23-003371.md","text":"https://secwatch.observer/filing/0001104659-23-003371.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/201533/000110465923003371/0001104659-23-003371-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/201533/000110465923003371/tm233239d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T16:12:57.115618+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0e8cecc1b2a55560ff95fa0d8e4a9949e1cbb472","claim":"CONSUMERS ENERGY CO entered into Bond Purchase Agreement with certain institutional purchasers valued at $400 million (effective 2023-01-12).","evidence_excerpt":"On January 12, 2023, Consumers Energy Company (“Consumers Energy”), a principal subsidiary of CMS Energy Corporation, and certain institutional purchasers in the private placement market (“Purchasers”) entered into a Bond Purchase Agreement (“BPA”) whereby Consumers Energy will sell to the Purchasers, in a private placement, an aggregate principal amount of $400 million First Mortgage Bonds (“FMBs”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/201533/000110465923003371/0001104659-23-003371-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"certain institutional purchasers"},{"label":"Value","value":"$400 million"},{"label":"Effective","value":"2023-01-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}