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CMS Energy Stock Price

49.33 +0.22 +0.45% Volume: 3,123,693 09.21.18 04:03 ET

CMS Energy Stock Price

21Sep2018 04:03 ET 49.33 +0.22 +0.45% Volume: 3,123,693

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

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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

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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 Crews Headed East to Assist in Winter Storm Restoration

Mar 05, 2018

JACKSON, Mich., March 5, 2018 /PRNewswire/ -- More than 140 Consumers Energy employees and contract personnel are responding to a winter storm that left nearly 2 million residents in the Northeast U.S. without power.

Consumers Energy Logo (PRNewsFoto/Consumers Energy)

Consumers Energy crews, including lineworkers, damage assessors, safety personnel and other field employees, are scheduled to depart the company's Jackson Service Center, 1955 W. Parnall Road, by 5 p.m. today. Media are invited to arrive after 3:30 p.m. to see crews assemble, conduct interviews with company officials and observe the departure of up to 15 large Consumers Energy bucket trucks and other service vehicles.

The Consumers Energy contingent is initially headed for Philadelphia, to assist with PECO utility. The crews expect to begin restoration work later Tuesday.

"We are ready and willing to assist our colleagues out East as they recover from this significant storm," said Guy Packard, Consumers Energy vice president of electric energy operations. "In the past, we were fortunate to be supported by out-of-state crews following major storms. This is an opportunity for us to return the favor to our fellow line workers."

Packard said the decision to release both Consumers Energy employees and about 30 Michigan-based contractors who work on its electric system was made after analyzing weather forecasts. He said enough crews remain in-state to address any future weather related outages. The contractor crews left Saturday and Sunday and are working in New Jersey.

Additional details of the mutual assistance effort include:

  • Storm Impact:
    • The "Nor'easter" is the same storm which clipped southeast Michigan late last week, with strong winds and heavy, wet snow causing more than 1,000 Consumers Energy customers to lose power for several hours.
    • Gaining strength as it moved eastward Friday, the storm cut power to 1.9 million customers in the Mid-Atlantic, Northeast and New England regions. As of Sunday, nearly 200,000 customers were still without power, including more than 70,000 PECO customers in the greater Philadelphia area.
  • Mutual Assistance Coordination: The North Atlantic Mutual Assistance Group, a collection of more than two dozen regional electric utilities, is requesting mutual aid from utilities across the Eastern U.S. Consumers Energy is a member of the Great Lakes Mutual Assistance Group, one of the organizations contacted for assistance.
  • Michigan Crews: Lineworkers from 15 different Consumers Energy service centers across Michigan are expected to make the trip. Other employees include zone managers and field leaders, mechanics, damage assessors and safety representatives. The crews are expected to remain out East for up to two weeks. While out East, all of Consumers Energy's costs are paid for by the host utilities.

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.

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

 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/consumers-energy-crews-headed-east-to-assist-in-winter-storm-restoration-300608113.html

SOURCE Consumers Energy

Roger Morgenstern, (616)-530-4364; Terry DeDoes, (517)-374-2159

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