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CMS Energy Stock Price

45.10 -0.09 -0.2% Volume: 2,001,603 03.23.17 04:00 ET
glossary

LOOKING TO THE FUTURE.

Hear about CMS Energy’s 2016 Fourth Quarter results and outlook+

View the Quarterly Earnings Summaries +

STREAMLINED DATA DELIVERY.

Enter our Interactive Analyst Center for a database of reported financial and operational data.+

DELIVERING STRONG FINANCIAL PERFORMANCE WHILE PROVIDING VALUE.

Our investments support consistent and sustainable growth with an attractive dividend.

GETTING “SMARTER” ABOUT ENERGY.

We’re upgrading our customers to smart meters for detailed usage information, more accurate billing and instant outage notification.

CMS Energy Stock Price

23Mar2017 04:00 ET 45.10 -0.09 -0.2% Volume: 2,001,603
INVESTOR MEETINGS - March 22-28
22-28 MARCH 2017


CMS Energy Fourth Quarter 2016 Results & Outlook
2Feb2017 (PDF 3.36 MB)

Disclaimer

Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk.

CMS Energy, Corp. (“CMS”) has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only. By clicking “Accept” you acknowledge and agree that neither CMS nor third party provider Virtua Research, Inc. (“Virtua) is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against CMS and Virtua and further acknowledge and agree that in no event shall CMS or Virtua, its officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to the Legal Notice, this disclaimer or the External Site

By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if CMS and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s). If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-GAAP Information

In addition to disclosing results determined in accordance with GAAP, CMS may also disclose certain non-GAAP and pro forma non-GAAP results of operations, including net income, earnings per share, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. CMS provides historical financial results on both a GAAP and non-GAAP basis. Management views adjusted earnings as a key measure of the company’s present operating financial performance and uses adjusted earnings for external communications with analysts and investors. Internally, the company uses adjusted earnings to measure and assess performance. Adjustments could include items such as discontinued operations, asset sales, impairments, restructuring costs, regulatory items from prior years, or other items. Because the company is not able to estimate the impact of specific line items, which have the potential to significantly impact, favorably or unfavorably, the company’s reported earnings in future periods, the company is not providing reported earnings guidance nor is it providing a reconciliation for the comparable future period earnings.

CMS and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data. The non-GAAP information is not prepared in accordance with GAAP and may not be comparable to non-GAAP information used by other companies. The non-GAAP information should be considered supplemental information to assist in fully understanding our business results, rather than as a substitute for the reported earnings.

A reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is included as a separate link and also posted on the CMS website at www.cmsenergy.com.

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Glossary

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z  
A
ABATE

Association of Businesses Advocating Tariff Equity

 
ABO

Accumulated benefit obligation; the liabilities of a pension plan based on service and pay to date, which differs from the PBO in that it does not reflect expected future salary increases

 
AFUDC

Allowance for borrowed and equity funds used during construction

 
AOCI

Accumulated other comprehensive income (loss)

 
ARO

Asset retirement obligation

 
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B
Bay Harbor

A residential/commercial real estate area located near Petoskey, Michigan, in which CMS Energy sold its interest in 2002

 
bcf

Billion cubic feet

 
Big Rock

Big Rock Point nuclear power plant, formerly owned by Consumers Energy

 
Btu

British thermal unit

 
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C
CAIR

The Clean Air Interstate Rule

 
Cantera Gas Company

Cantera Gas Company L.L.C., a non‑affiliated company, formerly known as CMS Field Services

 
Cantera Natural Gas, Inc

Cantera Natural Gas, Inc., a non‑affiliated company that purchased CMS Field Services

 
CAO

Chief Accounting Officer

 
CCR

Coal combustion residual

 
CEO

Chief Executive Officer

 
CERCLA

Comprehensive Environmental Response, Compensation and Liability Act of 1980

 
CFO

Chief Financial Officer

 
city-gate contract

An arrangement made for the point at which a local distribution company physically receives gas from a supplier or pipeline

 
Clean Air Act

Federal Clean Air Act of 1963, as amended

 
Clean Water Act

Federal Water Pollution Control Act of 1972, as amended

 
CMS Capital

CMS Capital, L.L.C., a wholly owned subsidiary of CMS Energy

 
CMS Energy

CMS Energy Corporation, the parent of Consumers Energy and CMS Enterprises

 
CMS Enterprises

CMS Enterprises Company, a wholly owned subsidiary of CMS Energy

 
CMS ERM

CMS Energy Resource Management Company, formerly known as CMS MST, a wholly owned subsidiary of CMS Enterprises

 
CMS Field Services

CMS Field Services, Inc., a former wholly owned subsidiary of CMS Gas Transmission

 
CMS Gas Transmission

CMS Gas Transmission Company, a wholly owned subsidiary of CMS Enterprises

 
CMS Land

CMS Land Company, a wholly owned subsidiary of CMS Capital

 
CMS MST

CMS Marketing, Services and Trading Company, a wholly owned subsidiary of CMS Enterprises, whose name was changed to CMS ERM in 2004

 
CMS Viron

CMS Viron Corporation, a wholly owned subsidiary of CMS ERM

 
Consumers

Consumers Energy Company, a wholly owned subsidiary of CMS Energy

 
Consumers Funding

Consumers Funding L.L.C., a wholly owned consolidated bankruptcy-remote subsidiary of Consumers Energy and special-purpose entity organized for the sole purpose of purchasing and owning Securitization property, issuing Securitization bonds, and pledging its interest in Securitization property to a trustee to collateralize the Securitization bonds

 
CSAPR

The Cross-State Air Pollution Rule

 
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D
DB SERP

Defined Benefit Supplemental Executive Retirement Plan

 
DC SERP

Defined Contribution Supplemental Executive Retirement Plan

 
DCCP

Defined Company Contribution Plan

 
DIG

Dearborn Industrial Generation, L.L.C., a wholly owned subsidiary of Dearborn Industrial Energy, L.L.C., a wholly owned subsidiary of CMS Energy

 
Dodd-Frank Act

Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010

 
DOE

U.S. Department of Energy

 
DOJ

U.S. Department of Justice

 
DTE Electric

DTE Electric Company, a non‑affiliated company

 
DTE Gas

DTE Gas Company, a non‑affiliated company

 
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E
EBITDA

Earnings before interest, taxes, depreciation, and amortization

 
EGWP

Employer Group Waiver Plan

 
EnerBank

EnerBank USA, a wholly owned subsidiary of CMS Capital

 
Entergy

Entergy Corporation, a non‑affiliated company

 
Environmental Mitigation Projects

Environmentally beneficial projects that a party agrees to undertake as part of the settlement of an enforcement action, but which the party is not otherwise legally required to perform

 
EPA

U.S. Environmental Protection Agency

 
EPS

Earnings per share

 
Exchange Act

Securities Exchange Act of 1934, as amended

 
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F
FDIC

Federal Deposit Insurance Corporation

 
FERC

The Federal Energy Regulatory Commission

 
fine particulate matter

Particulate matter that is 2.5 microns or less in diameter

 
First Mortgage Bond Indenture

The indenture dated as of September 1, 1945 between Consumers and The Bank of New York Mellon, as Trustee, as amended and supplemented

 
FLI Liquidating Trust

Trust formed in Missouri bankruptcy court to accomplish the liquidation of Farmland Industries, Inc., a non‑affiliated entity

 
FMB

First mortgage bond

 
FOV

Finding of Violation

 
FTR

Financial transmission right

 
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G
GAAP

U.S. Generally Accepted Accounting Principles

 
GCC

Gas Customer Choice, which allows gas customers to purchase gas from alternative suppliers

 
GCR

Gas cost recovery

 
Genesee

Genesee Power Station Limited Partnership, a VIE in which HYDRA‑CO Enterprises, Inc., a wholly owned subsidiary of CMS Enterprises, has a 50 percent interest

 
Grayling

Grayling Generating Station Limited Partnership, a VIE in which HYDRA‑CO Enterprises, Inc., a wholly owned subsidiary of CMS Enterprises, has a 50 percent interest

 
GWh

Gigawatt-hour, a unit of energy equal to one billion watt-hours

 
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H
Health Care Acts

Comprehensive health care reform enacted in March 2010, comprising the Patient Protection and Affordable Care Act and the related Health Care and Education Reconciliation Act

 
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I
IRS

Internal Revenue Service

 
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K
kilovolts

Thousand volts, a unit used to measure the difference in electrical pressure along a current

 
kVA

Thousand volt-amperes, a unit used to reflect the electrical power capacity rating of equipment or a system

 
kWh

Kilowatt-hour, a unit of energy equal to one thousand watt-hours

 
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L
LIBOR

The London Interbank Offered Rate

 
Ludington

Ludington pumped-storage plant, jointly owned by Consumers Energy and DTE Electric

 
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M
MACT

Maximum Achievable Control Technology, which is the emission control that is achieved in practice by the best-controlled similar source

 
MATS

Mercury and Air Toxics Standards, which limit mercury, acid gases, and other toxic pollution from coal-fueled and oil-fueled power plants

 
MBT

Michigan Business Tax

 
mcf

Thousand cubic feet

 
MCIT

Michigan Corporate Income Tax

 
MCV Facility

A 1,647 MW gas-fueled, combined-cycle cogeneration facility operated by the MCV Partnership

 
MCV Partnership

Midland Cogeneration Venture Limited Partnership

 
MCV PPA

PPA between Consumers Energy and the MCV Partnership

 
MD&A

Management’s Discussion and Analysis of Financial Condition and Results of Operations

 
MDEQ

Michigan Department of Environmental Quality

 
MDL

A pending multi-district litigation case in Nevada arising out of several consolidated cases

 
MGP

Manufactured gas plant

 
MISO

The Midcontinent Independent System Operator, Inc.

 
mothball

To place a generating unit into a state of extended reserve shutdown in which the unit is inactive and unavailable for service for a specified period, during which the unit can be brought back into service after receiving appropriate notification and completing any necessary maintenance or other work; generation owners in MISO must request approval to mothball a unit, and MISO then evaluates the request for reliability impacts

 
MPSC

Michigan Public Service Commission

 
MRV

Market-related value of plan assets

 
MW

Megawatt, a unit of power equal to one million watts

 
MWh

Megawatt-hour, a unit of energy equal to one million watt-hours

 
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N
NAV

Net asset value

 
NERC

The North American Electric Reliability Corporation, a non‑affiliated company responsible for developing and enforcing reliability standards, monitoring the bulk power system, and educating and certifying industry personnel

 
NOV

Notice of Violation

 
NPDES

National Pollutant Discharge Elimination System, a permit system for regulating point sources of pollution under the Clean Water Act

 
NREPA

Part 201 of the Michigan Natural Resources and Environmental Protection Act, a statute that covers environmental activities including remediation

 
NSR

New Source Review, a construction-permitting program under the Clean Air Act

 
NYMEX

The New York Mercantile Exchange

 
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O
OPEB

Other Post-Employment Benefits

 
OPEB Plan

Defined benefit post-retirement healthcare and life insurance plans of CMS Energy, Consumers Energy, and Panhandle

 
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P
Palisades

Palisades nuclear power plant, sold by Consumers Energy to Entergy in 2007

 
Panhandle

Panhandle Eastern Pipe Line Company, a former wholly owned subsidiary of CMS Gas Transmission

 
PBO

Projected benefit obligation

 
PCB

Polychlorinated biphenyl

 
Pension Plan

Trusteed, non‑contributory, defined benefit pension plan of CMS Energy, Consumers Energy, and Panhandle

 
PISP

Performance Incentive Stock Plan

 
PPA

Power purchase agreement

 
PSCR

Power supply cost recovery

 
PSD

Prevention of Significant Deterioration

 
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R
REC

Renewable energy credit established under the 2008 Energy Law

 
ReliabilityFirst Corporation

ReliabilityFirst Corporation, a non‑affiliated company responsible for the preservation and enhancement of bulk power system reliability and security

 
Renewable Operating Permit

Michigan’s Title V permitting program under the Clean Air Act

 
Resource Conservation and Recovery Act

Federal Resource Conservation and Recovery Act of 1976

 
RMRR

Routine maintenance, repair, and replacement

 
ROA

Retail Open Access, which allows electric generation customers to choose alternative electric suppliers pursuant to a Michigan statute enacted in 2000

 
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S
S&P

Standard & Poor’s Financial Services L.L.C.

 
SEC

U.S. Securities and Exchange Commission

 
Securitization

A financing method authorized by statute and approved by the MPSC which allows a utility to sell its right to receive a portion of the rate payments received from its customers for the repayment of securitization bonds issued by a special-purpose entity affiliated with such utility

 
Sherman Act

Sherman Antitrust Act of 1890

 
Smart Energy

Consumers’ Smart Energy grid modernization project, which includes the installation of smart meters that transmit and receive data, a two-way communications network, and modifications to Consumers’ existing information technology system to manage the data and enable changes to key business processes

 
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T
T.E.S. Filer City

T.E.S. Filer City Station Limited Partnership, a VIE in which HYDRA‑CO Enterprises, Inc., a wholly owned subsidiary of CMS Enterprises, has a 50 percent interest

 
Title V

A federal program under the Clean Air Act designed to standardize air quality permits and the permitting process for major sources of emissions across the U.S.

 
Trunkline

Trunkline Gas Company, L.L.C., a non‑affiliated company and wholly owned subsidiary of Panhandle

 
TSR

Total shareholder return

 
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U
USW

United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO-CLC

 
UWUA

Utility Workers Union of America, AFL-CIO

 
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V
VEBA trust

Voluntary employees’ beneficiary association trusts accounts established specifically to set aside employer-contributed assets to pay for future expenses of the OPEB Plan

 
VIE

Variable interest entity

 
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