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CMS Energy Stock Price

52.73 -0.43 -0.81% Volume: 1,865,992 12.12.18 04:01 ET

CMS Energy Stock Price

12Dec2018 04:01 ET 52.73 -0.43 -0.81% Volume: 1,865,992

Media Contacts

MEGAN
BROWN
Senior Director of Public Relations
and Communications
517-788-6538
megan.brown@cmsenergy.com
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

Consumers Energy Announces Clean Energy Breakthrough Goal: 80 Percent Reduction in Carbon Emissions, Zero Coal by 2040

Feb 19, 2018

CEO Patti Poppe Says it's a Stand for Protecting the Planet and People of Michigan

JACKSON, Mich., Feb. 19, 2018 /PRNewswire/ -- Consumers Energy and CMS Energy today announced Consumers Energy's plans to meet Michigan's energy needs reducing carbon emissions by 80 percent and no longer using coal to generate electricity by 2040. The company also said today that more than 40 percent of the energy produced will come from renewable sources and energy storage by 2040.

CMS Energy Logo

In the past five years, Consumers Energy has created a cleaner, more sustainable energy future for the state by taking a leadership position in reducing air emissions, reducing water usage, saving landfill space and boosting the amount of renewable energy supplied to customers. This continued transformation to cleaner fuel sources is part of a long-term strategic commitment to protect the planet. 

"Our actions speak louder than words and we have a track record of doing more than is required.  Our actions to date have reduced our carbon intensity by 38 percent, reduced our water usage by 35 percent and avoided over one million cubic yards of landfill disposal. We are still not satisfied. The goals announced today represent our further commitment to leave Michigan far better than we found it, because we live here, too," said Patti Poppe, President and CEO of Consumers Energy & CMS Energy.

The company also announced new 5-year environmental goals for Michigan water, waste and land, including:

  • Water: save 1 billion gallons of water;
  • Waste: reduce waste to landfills by 35 percent; and
  • Land: enhance, restore or protect 5,000 acres of land in Michigan.

Consumers Energy has served Michigan with safe, reliable and affordable energy for more than 130 years, and boasts a strong track record of environmental stewardship. The company:

  • Ranked as one of the Top 10 Greenest Companies in the Nation and the #1 company in Michigan in Newsweek's annual rankings just last month.  This recognition reflects Consumers Energy's commitment to environmental principles that are good for the people of Michigan.
  • Scored highest for sustainability performance among U.S. utility companies and ranked 16th among 195 global utilities, as assessed by Sustainalytics, for the second consecutive year.
  • Began moving away from coal by closing seven of its twelve coal-fired generating plants in 2016 – more than any investor-owned utility that year, resulting in a 38 percent carbon intensity reduction from 2008 levels.
  • Received the Governor's 2017 Excellence in Recycling Award from the Michigan Department of Environmental Quality.
  • Helped residential and business customers save over $1 billion with energy efficiency programs since 2009.
  • Announced in 2017 a Large Customer Renewable Energy Tariff program which allows large job-providing companies who elect to generate 100 percent of their energy with renewable sources from Consumers Energy.
  • Owns and operates two wind farms – the Lake Winds and Cross Winds energy parks – and operates two utility-scale solar projects at Western Michigan and Grand Valley State universities. In addition the company utilizes energy from the Apple Blossom wind park; and co-owns the Ludington Clean Pumped Storage facility, a hydroelectric plant on Lake Michigan.
  • The company is also investing in modernizing its natural gas infrastructure across the state, which is more safely delivering energy to Michigan customers while reducing greenhouse gas emissions as gas is transported.

Consumers Energy is embracing a cleaner, leaner vision focused primarily on reducing energy usage and adding additional renewable energy sources, such as wind and solar. The strategic roadmap for reaching its clean energy goal by 2040 will be published later this year when the company files its Integrated Resource Plan (IRP) with the Michigan Public Service Commission.

"We're proud and uniquely qualified to provide the strong leadership needed to protect our planet and our home state for decades to come," added Poppe.

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

*This news release contains "forward-looking statements." The forward-looking statements are subject to risks and uncertainties that could cause CMS Energy's and 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 CMS Energy's and Consumers Energy's Securities and Exchange Commission filings. 

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

Consumers Energy Logo (PRNewsFoto/Consumers Energy)

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/consumers-energy-announces-clean-energy-breakthrough-goal-80-percent-reduction-in-carbon-emissions-zero-coal-by-2040-300600235.html

SOURCE CMS Energy; Consumers Energy

Megan Brown, 517-788-6538 or Katie Carey, 517-788-2395

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