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CMS Energy Stock Price

59.92 +1.67 +2.87% Volume: 3,561,399 03.27.24 04:00 ET

CMS Energy Stock Price

27Mar2024 04:00 ET 59.92 +1.67 +2.87% Volume: 3,561,399

Media Contacts

KATIE
CAREY
Director of External Relations
517-788-2395
katelyn.carey@cmsenergy.com
BRIAN
WHEELER
Media Relations Manager
517-788-2394
brian.wheeler@cmsenergy.com

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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News Releases

Consumers Energy Provides Nearly 500,000 Upgraded Meters to Improve Electric Service in Michigan

May 22, 2015

New Technology Being Offered to Households, Businesses Through 2017

JACKSON, Mich., May 22, 2015 /PRNewswire/ -- Improved service is now available to nearly 500,000 Consumers Energy customers who have received new electric meters capable of sending text-type messages to the company through the cellular telephone network.

The new meters eliminate the need for estimated meter reads, provide online access to energy use information and will assist with power outage restoration, beginning in 2016.

"These upgraded meters are helping us to be more efficient and to control our costs better. Providing our residential and business customers with secure online access to their energy use information will help those who are interested to track their energy usage more closely and predict what their bills will be before they arrive," said Garrick Rochow, Consumers Energy's vice president and chief customer officer. "While we're proud to offer benefits to the first 500,000 customers to get the upgraded meters, we are at about 20 percent of our project goal, which we plan to achieve by the end of 2017."

Businesses in the Grand Rapids area have been the first to see their larger, business-size meters upgraded with communication technology. Throughout the state, business meter upgrades will follow residential upgrades in each region.

"Businesses that receive these meters will be able to access a new web portal this fall that will provide online access to energy use data that could help them to better manage their energy usage," Rochow said. "Advanced meter technology will also enable us to broaden future opportunities to business customers who can consider the benefits of time-of-use pricing or other energy pricing options that can help them tailor their electrical equipment needs around money-saving options. We're working hard to get them the tools they need as quick as we can."

Consumers Energy next year also will launch its enhanced outage management system, using outage notifications from the new meters to more effectively respond during storms and other power outages, and to more efficiently coordinate repair efforts. Customers will also be able to choose their own billing dates.

Electric meters have been upgraded in parts of Allegan, Barry, Grand Traverse, Ionia, Kalkaska, Kent, Leelanau, Mecosta, Montcalm, Muskegon, Oceana, and Ottawa counties.  

Consumers Energy will begin upgrading electric meters by the middle of this summer in the Flint, Kalamazoo and Boyne City regions. The Battle Creek, Cadillac, Jackson, Ludington, Saginaw and Tawas regions are scheduled for meter upgrades in 2016, while the Clare, Lansing and Midland areas will get meter upgrades in 2017.

Notifications of meter upgrades will arrive in the form of large blue information postcards at homes about 30 days before the upgrades. Residents don't need to be home for the replacement, which takes only a few minutes, but they can call to make appointments if they choose. Businesses will be contacted in advance through mailings, calls or outreach meetings, depending on their size and the complexity of their electric service. 

Households and businesses do have the option to continue using older meter technology and enroll in the manual meter reading program at a cost of $9.72 per month and a one-time cost of $69.39 to maintain the systems and infrastructure to support continued use of older meters.

The program will upgrade 1.8 million electric meters along with 600,000 natural gas meters for those who get both electric and natural gas service from Consumers Energy. Learn more online at www.ConsumersEnergy.com/smartenergy.

Consumers Energy, Michigan's largest utility, is the principal subsidiary of CMS Energy (NYSE: CMS), providing natural gas and electricity to 6.6 million of the state's 10 million residents in all 68 Lower Peninsula counties.

Media toolkit

LEARN MORE: Find out more about the benefits of upgraded meters at www.ConsumersEnergy.com/smartenergy or call 1-888-862-2199.

For more information about Consumers Energy, go to www.ConsumersEnergy.com.

Check out Consumers Energy on Social Media

https://www.facebook.com/consumersenergymichigan
https://twitter.com/consumersenergy
https://www.youtube.com/user/consumersenergy
https://www.flickr.com/photos/consumersenergy

This news release contains "forward-looking statements." The forward-looking statements are subject to risks and uncertainties that could cause Consumers Energy's results to differ materially. All forward-looking statements should be considered in the context of the risk and other factors detailed from time to time in Consumers Energy's Securities and Exchange Commission filings.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/consumers-energy-provides-nearly-500000-upgraded-meters-to-improve-electric-service-in-michigan-300087834.html

SOURCE Consumers Energy

Dennis McKee, 616-530-4146, or Kathryn Burkholder, 517-545-8745

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