# Who does CMS Energy Corporation pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/cms-energy · Facet: suppliers · Updated: 2026-09-24T12:56:00.645555+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: CMS Energy Corporation discloses no named confirmed suppliers/cost counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 cost edges, backed by 2 dated sources, 1 of them primary filings (as of 2026-09-24).

### New Covert Generating Company, LLC (high)
- metric: Amount $812M · May-August 2023 · Initial purchase price plus the post-closing adjustment for the Covert facility
- note: Consumers Energy acquired the Covert natural-gas combined-cycle generating station from New Covert Generating Company, LLC. The initial payment and post-closing adjustment paid in 2023 totaled $812 million.
- [confirms] SEC EDGAR (EN, filing, published 2023-10-26) https://www.sec.gov/Archives/edgar/data/811156/000081115623000072/cms-20230930.htm: "Consumers purchased the Covert Generating Facility ... for $810 million ... [and] paid an additional $2 million."
- [confirms] Consumers Energy (EN, ir, published 2023-06-01) https://www.consumersenergy.com/news-releases/news-release-details/2023/06/01/18/03/consumers-energy-starts-operating-covert-power-plant-reliably-meeting-michigans-energy-needs: "Consumers Energy purchased the 1,200-megawatt, natural gas-fired Covert plant."
- [confirms] SEC EDGAR (EN, filing, published 2021-06-21) https://www.sec.gov/Archives/edgar/data/811156/000110465921084502/tm2120427d1_8k.htm: "Consumers Energy signed a Purchase and Sale Agreement with New Covert Generating Company, LLC to acquire the New Covert Generating Facility for $810 million, subject to adjustments."

### Midland Cogeneration Venture Limited Partnership (high)
- metric: Amount $360M · FY2025 · Capacity and energy charges paid under the MCV power purchase agreement
- note: Consumers Energy purchases capacity and energy from the MCV facility. Capacity and energy charges were $360 million in 2025, and the utility also signed a successor long-term agreement effective in 2030.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-10) https://www.sec.gov/Archives/edgar/data/811156/000081115626000004/cms-20251231.htm: "MCV PPA charges were $360 million in 2025."

### Midcontinent Independent System Operator (high)
- note: Consumers Energy bids for power in MISO's day-ahead and real-time markets to meet customer demand. The filing discloses the combined supply share from long-term PPAs and MISO, but not a separate purchase amount for MISO alone.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-10) https://www.sec.gov/Archives/edgar/data/811156/000081115626000004/cms-20251231.htm: "purchases from the MISO energy market"
- [confirms] Korea Energy Economics Institute (KO, research, published 2025-12-31) https://keei.re.kr/board.es?act=view&bid=0001&list_no=127029&mid=a10101010000: "The report reviews the history and key elements of MISO wholesale-market design reforms and analyzes the structure and operation of day-ahead and real-time spot markets."

Reverse side: https://valuechain.wiki/cms-energy/customers.md · Ripple: https://valuechain.wiki/cms-energy/ripple.md

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