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CMS Energy Stock Price

58.62 +0.04 +0.07% Volume: 1,348,349 07.15.19 04:03 ET

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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Environment

CMS Energy is the second largest supplier of renewable energy in Michigan, with about 10 percent of the power we supply to customers coming from wind, solar, hydro and biomass. 

Members of our Board of Directors have diverse backgrounds, qualifications and expertise that enable them to provide guidance on a range of issues including strategy, environmental, social and governance matters. The Board’s committees provide additional levels of review. For example, our Governance, Sustainability and Public Responsibility Committee oversees public responsibility and sustainability practices and disclosures. Similarly, the Audit Committee reviews the risks associated with operating and financial activities which could impact financial and other disclosure reporting, and reviews policies on risk assessment, controls and accounting risk exposure. The Audit Committee reviews and approves risk-management policies, while the Compensation and Human Resources Committee oversees critical human resources programs.

Climate change risks and opportunities are considered and integrated in all stages of the business cycle. In addition to board oversight, management of CMS Energy and Consumers Energy has implemented an environmental advisory committee (EAC) to create a group of critical internal leaders, including senior leadership, who work together to ensure our environmental intentions match our actions. The environmental management system lead reports to this EAC and keeps management and the board apprised of environmental matters concerning CMS Energy and Consumers Energy.

The EAC meets quarterly to:

  • Ensure proper communication of all environmental compliance risks, Environmental Management System status as appropriate and financial obligations.
  • Maintain a tone at the top that promotes environmental stewardship.
  • Foster a culture of environmental accountability.
  • Support the achievement of environmental metrics and goals.

We are committed to corporate responsibility through our business, culture, environment and in our communities — past, present and future. We are committed to conducting business safely and ethically to protect the environment and sustain our communities while serving our customers across the state of Michigan.

Highlights of our investments, goals and accolades in the realm of environment, renewable energy, energy efficiency and sustainability include:

  • Our plan to reduce carbon emissions 90 percent and eliminate use of coal to generate electricity by 2040.
  • Reduced carbon emissions 35 percent from 2005 levels.
  • Reduced water use 35 percent, avoiding use of 200 billion gallons annually for once-through cooling purposes.
  • Avoided more than 1 million tons of waste sent to landfills through reuse and recycling.
  • Announcing five-year goals to:
    • Protect, enhance, or restore 5,000 acres of land in Michigan.
    • Save 1 billion gallons of water.
    • Reduce waste to landfills by 35 percent.
  • Progress toward these five-year goals in 2018 include:
    • Protecting, enhancing or restoring more than 750 acres of land.
    • Reducing water use by 180 million gallons.
    • Reducing our waste to landfills by 12 percent.
  • Over the past 10 years, Consumers Energy has reduced its fugitive methane emissions 15 percent. We’re continuing to implement strategies to reduce greenhouse gas emissions, including forming a methane reduction task force. We’re also taking steps to modernize our natural gas infrastructure.
  • CMS Enterprises’ Dearborn Industrial Generation, Grayling Generating Station and TES Filer City Station are members of Michigan’s Clean Corporate Citizen Program.
  • CMS Enterprises owns and operates utility-scale wind and solar projects that include Wisconsin-based Flambeau Solar, Lansing, Mich.-based Delta Solar Power I and Delta Solar Power II, and Ohio-based Northwest Ohio Wind.
  • In 2018, we ranked 6th out of 46 multi-utilities for sustainability performance as assessed by Sustainalytics.
  • To date, our energy efficiency programs have helped customers save more than $2 billion on their energy bills since 2009 and have helped avoid more than 5 million tons of carbon dioxide greenhouse gas emissions.
  • More than 21,000 subscribers are part of our renewable subscription programs. Since 2005, those programs have delivered over 1 million megawatt-hours (MWh) of renewable energy to customers, avoiding more than 853,000 tons of CO2 emissions.
  • Because of our efforts to protect the environment through energy efficiency programs, we received an ENERGY STAR award from the U.S. Environmental Protection Agency for the sixth time in seven years.

Visit our Sustainability website and view our 2018 Sustainability Report2018 EEI ESG & Sustainability Report and 2018 Climate Assessment Report for more ways CMS Energy is committed to the environment and working to meet Michigan’s future energy needs.

Revised: March 2019

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