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CMS Energy Stock Price

59.91 -0.09 -0.15% Volume: 3,175,361 04.23.24 03:59 ET

CMS Energy Stock Price

23Apr2024 03:59 ET 59.91 -0.09 -0.15% Volume: 3,175,361

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Investor Relations
517-745-2725
jason.shore@cmsenergy.com
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517-768-3114
travis.uphaus@cmsenergy.com

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517-788-2395
katelyn.carey@cmsenergy.com
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brian.wheeler@cmsenergy.com
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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 Spends Nearly $200 Million with West Michigan Companies in Last Year, Driving Economic Growth

Jun 22, 2016

Creating Jobs and Enhancing Energy Reliability and Affordability

GRAND RAPIDS, Mich., June 22, 2016 /PRNewswire/ -- Consumers Energy is helping to drive West Michigan economic growth by spending nearly $200 million with West Michigan companies over the past year.  The increased purchasing, part of the energy company's commitment to spend $5 billion over 5 years with Michigan businesses, is strengthening customer service and creating an estimated 5,000 jobs statewide.

"Michigan's 4.8 percent unemployment rate is the lowest it's been in 15 years, Grand Rapids' unemployment rate of 3.3 percent is even better. We're pleased to be a major and positive force for growth in West Michigan by our increased spending here with over 550 companies. These investments help to ensure that our customers receive reliable, affordable and increasingly clean energy service," said Dan Malone, Consumers Energy's senior vice president of energy resources.

"As Michigan develops policies to address its electric capacity shortfall due to coal plant retirements and lack of investment by out-of-state alternate suppliers, we anticipate continued high levels of work with our West Michigan business allies to ensure that Consumers Energy customers have reliable and affordable electric service," Malone said.

Consumers Energy made its announcement as it joined the Michigan Economic Development Corp., The Right Place Inc. and Lakeshore Advantage in a West Michigan Buyer's Summit in Ottawa County. The event brought together Consumers Energy with Michigan-based companies.

Holland-based BP&R Engineering is a West Michigan company that is adding jobs and expanding as a result of Consumers Energy's increased spending in Michigan.

"Consumers Energy's investments in West Michigan are ensuring that electric customers have reliable and affordable power, while also creating jobs and helping local communities," said Don Knottnerus, business partner of BP&R Engineering and BP&R Construction.

Consumers Energy has committed to spend $5 billion with Michigan businesses over the next five years. Since June 2015, the energy provider has spent over $1 billion with nearly 3,000 businesses in 71 Michigan counties. In addition, Consumers Energy actively encourages its Michigan-based suppliers to use sub-contractors and suppliers based in the state through its "Pay It Forward" program to help stimulate economic growth.

Consumers Energy was one of the first members of Pure Michigan Business Connect. The public-private alliance of the Michigan Economic Development Corp., state agencies and major Michigan employers works to connect in-state companies to business resources. As part of that commitment, the energy provider increased its spending with Michigan employers by $1 billion from 2011 to 2015, reaching its goal a year ahead of schedule.

Consumers Energy, Michigan's largest utility, is the principal subsidiary of CMS Energy (NYSE: CMS), providing natural gas and electricity to 6.7 million of the state's 10 million residents in all 68 Lower Peninsula counties.

Media toolkit

LEARN MORE: Learn about Consumers Energy's commitment to Michigan businesses: www.ConsumersEnergy.com/puremichigan  

PMBC: Learn more about Pure Michigan Business Connect: www.michiganbusiness.org/grow/pure-michigan-business-connect/

What They're Saying

What Michigan businesses say about Consumers Energy:

"Consumers Energy is continually proving their commitment to Pure Michigan Business Connect. Their partnership provides just one example of Michigan-based businesses working together to strengthen and develop our great state's economy and workforce."
-- Jim Aiello, vice president of sales, Shelving Inc. (Oakland County)

"Consumers Energy is our top customer in Michigan and has had a tremendous impact on our business. We appreciate that Consumers Energy is focusing on working with businesses in Michigan."
-- Ted Anton, CEO, Newkirk Electric (Muskegon)

"Our family of companies has been doing business with Consumers Energy. Their commitment to us and businesses in Michigan has allowed us to grow and expand our services. The relationship we have with CE can only be defined as a true partnership."
-- Michael R. Bigford, president and CEO, Utility Supply and Construction Co. (Reed City)

"We are grateful for the opportunities that Consumers Energy has invited us to participate in. The direct result has been more jobs for one of the largest workforces in Northeast Michigan."
-- Tom Moran, CEO and founder, Moran Iron Works (Presque Isle County)

"The projects we have completed for Consumers Energy have not only benefited Pumford Construction as a company, but have also provided jobs for thousands of Michigan-based men and women. "
-- James M. Jacobs, vice president, Pumford Construction (Saginaw)

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

Check out Consumers Energy on Social Media

Facebook: https://www.facebook.com/consumersenergymichigan  
Twitter: https://twitter.com/consumersenergy  
YouTube: https://www.youtube.com/user/consumersenergy  
Flickr: https://www.flickr.com/photos/consumersenergy  

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/consumers-energy-spends-nearly-200-million-with-west-michigan-companies-in-last-year-driving-economic-growth-300288587.html

SOURCE Consumers Energy

Roger Morgenstern, 616-530-4364, or Brian Wheeler, 517-788-2394

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