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CMS Energy Stock Price

50.09 +0.22 +0.44% Volume: 1,983,997 12.11.17 04:01 ET

CMS Energy Third Quarter 2017 Earnings Call

October 26th, 2017 +

View the Quarterly Earnings Summaries +

CMS Energy Stock Price

11Dec2017 04:01 ET 50.09 +0.22 +0.44% Volume: 1,983,997
Utility Week Meetings
5-8Dec2017 (PDF 7.58 MB)
CMS Energy Third Quarter 2017 Results & Outlook
26Oct2017 (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

September Heat Wave Caps Successful First Season for More Than 30,000 Consumers Energy Households Saving Energy, Money

Sep 27, 2017

Energy Saved Through New Summer Program Could Power 40,000 Homes

JACKSON, Mich., Sept. 27, 2017 /PRNewswire/ -- As a late-season record heat wave finally breaks across Michigan today, Consumers Energy's residential customers have voluntarily saved enough energy this summer to power more than 40,000 homes.

Consumers Energy Logo (PRNewsFoto/Consumers Energy)

Since January, more than 33,000 residential customers have signed up for two different volunteer Peak Power Savers "demand response" programs on days with high electric use. The programs involve cycling off air conditioning units or shifting energy use away from the peak demand times of 2 to 6 p.m. The Peak Power Savers programs began June 1 and end Saturday.

"These programs financially benefit our residential customers while also providing a strong and reliable power delivery network for the state of Michigan," said Lauren Youngdahl Snyder, Consumers Energy's vice president of customer experience.

Peak Power Savers is composed of two programs:

  • Air Conditioner Peak Cycling: This is the larger program, with more than 22,000 customers enrolled. It involves Consumers Energy cycling off a central air conditioning compressor for short periods of time, using technology enabled by upgraded electric meters. Participating customers receive a nearly $8 monthly credit on their electric bill through the summer, plus a $25 gift card at sign-up.
  • Peak Rewards and Critical Peak: These two "time of use" programs enrolled more than 11,000 customers this year. Customers are notified in advance of a peak use day and can lower their bills if they decrease their electric use between 2 and 6 p.m., such as by earning bill credits.

Through Tuesday, Consumers Energy initiated Peak Power Savers programs on 14 different days during the summer, including four in the last week, as record heat and humidity settled into Michigan. Data from the "event days" is still being collected and analyzed. Initial estimates indicate on each of the days, the estimated amount of electric capacity saved is equivalent to powering more than 3,000 typical residential Michigan homes.

Demand response programs like Peak Power Savers are environmentally friendly, cost-competitive alternatives to building new power plants or securing contracts to meet peak energy demand.

Consumers Energy is still analyzing data from both the residential and a similar program for business customers, but the initial feedback has been positive, Youngdahl Snyder said. "Our customers have embraced these new savings program options and we look forward to even more participation, and building stronger relationships with our customers, in 2018."

Consumers Energy customers can enroll or learn more about these programs at www.PeakPowerSavers.com  or by calling 877-789-9883.

Consumers Energy, Michigan's largest energy provider, 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.

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

Media toolkit

BY THE NUMBERS:
22,500: Residential customers signed up for Air Conditioner Peak Cycling.
11,250: Residential customers signed up for two different time-of-use programs.
14: "Event days" initiated by Consumers Energy since June 1.

LEARN MORE:
Consumers Energy residential customers with upgraded meters can enroll in Peak Power Savers: www.PeakPowerSavers.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

View original content with multimedia:http://www.prnewswire.com/news-releases/september-heat-wave-caps-successful-first-season-for-more-than-30000-consumers-energy-households-saving-energy-money-300526999.html

SOURCE Consumers Energy

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

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