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CMS Energy Stock Price

50.48 -0.20 -0.4% Volume: 1,918,809 10.22.18 04:02 ET

CMS Energy Stock Price

22Oct2018 04:02 ET 50.48 -0.20 -0.4% Volume: 1,918,809

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 Plugs in to Clean Energy Future, Turning to Electric Vehicles for Company Employees

Sep 25, 2018
Energy Provider Also Works with General Motors to Promote Smart Charging

JACKSON, Mich., Sept. 25, 2018 /PRNewswire/ -- Consumers Energy today announced plans to provide more electric vehicles for its employees -- a major step toward a clean energy future for Michigan.

Consumers Energy Logo (PRNewsFoto/Consumers Energy)

Consumers Energy President and CEO Patti Poppe said this morning that the company is now buying or leasing electric vehicles instead of purchasing new sedans that rely on gasoline. Poppe and an official from General Motors also announced the start of a pilot program to test smart charging for electric vehicle owners.

"Electric vehicles are ready for the fast lane, and Consumers Energy wants to support this technology for the good of Michigan and our planet," Poppe said. "Electric vehicles will reduce our carbon footprint, supporting our company's Clean Energy Plan to already cut carbon emissions from our power plants in the next two decades."

"GM's vision is for an all-electric future with zero crashes, zero emissions and zero congestion," said Dane Parker, Vice President, Sustainable Workplaces for General Motors. "We're honored to have such strong partners at Consumers Energy who share our commitment to provide more sustainable solutions for everyone."

Consumers Energy's electric vehicle plans include the following:

  • NEW VEHICLES -- Over the next five years, Consumers Energy expects to replace over 100 sedans with electric vehicles that it will purchase or lease. The change does not affect heavy equipment.
  • SMART CHARGING -- Consumers Energy and General Motors will work together to test new technology that allows owners to plug in their electric vehicles at home and delay charging to start until overnight hours. Consumers Energy offers rates specifically for electric vehicle owners to encourage charging in off-peak hours, when there's less demand for electricity from the grid.
  • CHARGING STATIONS -- Consumers Energy is developing a $7.5 million effort over three years to encourage the development of electric vehicle charging stations across Michigan. That would include rebates for charging stations in people's homes, at their workplaces and along major thoroughfares.

Consumers Energy has been a strong promoter of electric vehicles, offering its first special charging rates nearly a decade ago. It was also one of the early energy providers in the country to pilot an incentive program for home charging stations.

Last year, the Edison Electric Institute and Institute for Electric Innovation forecast up to 7 million electric vehicles will be traveling on U.S. roads by the end of 2025.

"It's important to see Michigan companies like Consumers Energy and General Motors take such significant steps to promote electric vehicles here in our state," said Liesl Clark, President of the Michigan Energy Innovation Business Council. "We need to drive Michigan's advanced mobility industry to build a road to a bright future for Michigan's economy and environment."

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 to download multimedia:http://www.prnewswire.com/news-releases/consumers-energy-plugs-in-to-clean-energy-future-turning-to-electric-vehicles-for-company-employees-300718685.html

SOURCE Consumers Energy

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