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CMS Energy Stock Price

48.21 +0.03 +0.06% Volume: 1,362,808 10.23.17 04:02 ET

CMS Energy Third Quarter 2017 Earnings Call

October 26th, 2017 +

CMS Energy Stock Price

23Oct2017 04:02 ET 48.21 +0.03 +0.06% Volume: 1,362,808
Investor Meetings
26Sep2017 (PDF 10.5 MB)
CMS Energy Second Quarter 2017 Results & Outlook
28Jul2017 (PDF 4.21 MB)

Media Contacts

KATIE
CAREY
Director of Media Relations
517-788-2395
Katelyn.Carey@cmsenergy.com
BRIAN
WHEELER
Senior Public Information Director
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

CMS Energy Announces Purchase of Lansing-Area Solar Project, Providing Clean Energy to Power 3,300 Homes

Oct 03, 2017

Delta Solar to Serve Lansing Board of Water & Light Customers

LANSING, Mich., Oct. 3, 2017 /PRNewswire/ -- CMS Energy announced today that its subsidiary, CMS Enterprises, is purchasing Delta Solar, a 24-megawatt, two-part solar power project under construction that will provide enough energy to the Lansing Board of Water & Light to power 3,300 homes through a power purchase agreement.

CMS Energy Logo

"We are committed to meeting Michigan's energy needs with reliable and increasingly clean sources of energy, and we are pleased to take ownership of a project that will benefit homes and businesses in our state's capital region," said Patti Poppe, president and CEO of CMS Energy.

"Delta Solar will be Michigan's second-largest solar power plant, representing our company's ability to help meet Michigan's need for new renewable energy sources as the state continues to grow."

The Delta Solar project, which is composed of two phases, is currently under construction by Vermont-based groSolar, a subsidiary of EDF Renewable Energy. The project will be operational by the summer of 2018, helping the Lansing Board of Water & Light to achieve its renewable energy goals.

The solar power plant sits on about 190 acres in Delta Township in Eaton County, adjacent to the General Motors Lansing Delta Assembly Plant. Work on the project is expected to create about 150 construction jobs and is expected to be complete in 2018.

The solar power plant has been developed to date by groSolar, which has 20 years of leading solar development, engineering and construction experience. CMS Enterprises and groSolar worked together to develop the 2.5-megawatt Flambeau Solar power plant this year in northern Wisconsin, the largest solar project in that state.

"GroSolar is pleased to be continuing its partnership with CMS Energy and proud to support LBWL's efforts to expand their renewable energy portfolio," said Jamie Resor, groSolar CEO.

CMS Energy currently has two solar power plants in Michigan, at Western Michigan University and Grand Valley State University, in addition to the Flambeau Solar plant in Wisconsin. The Company's renewable energy commitment also includes wind farms in the Thumb and near Lake Michigan, in addition to three biomass facilities in Michigan and North Carolina.

"There is a growing interest in developing clean, renewable energy sources, and CMS Energy is well positioned to respond," Poppe said. "We expect Delta Solar to be a visible example of our commitment to the planet and the communities we serve in Michigan."

CMS Energy (NYSE: CMS) is a Michigan-based company that has an electric and natural gas utility, Consumers Energy, as its primary business and CMS Enterprises, an independent power company that owns and operates independent power generation businesses.

For more information about CMS Energy, go to www.CMSEnergy.com.

View original content with multimedia:http://www.prnewswire.com/news-releases/cms-energy-announces-purchase-of-lansing-area-solar-project-providing-clean-energy-to-power-3300-homes-300524747.html

SOURCE CMS Energy

CMS Energy: Brian Wheeler, 517-788-2394, or Katie Carey, 517-740-1739, GroSolar: Maribeth Sawchuk, 802-359-6538

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