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CMS Energy Stock Price

45.19 -0.18 -0.4% Volume: 2,736,757 04.20.18 04:00 ET

LOOKING TO THE FUTURE.

CMS Energy Year-End 2017 Earnings Call

February 14th, 2018 +

View the Quarterly Earnings Summaries +

CMS Energy Stock Price

20Apr2018 04:00 ET 45.19 -0.18 -0.4% Volume: 2,736,757

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

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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 Starts Operations of Cross Winds® Energy Park II in Michigan's Thumb

Jan 04, 2018

Energy Provider's Third Wind Project Adds 44 Megawatts of Renewable Energy -- Enough to Serve 17,000 Residents

CARO, Mich., Jan. 4, 2018 /PRNewswire/ -- Consumers Energy announced today that Cross Winds® Energy Park II in Tuscola County's Columbia Township began serving customers and contributing 44 megawatts of  renewable energy in Michigan.

Consumers Energy Logo

"With excitement and pride, we have 'flipped the switch' for Phase II of our Cross Winds Energy Park to meet more of Michigan's demand for energy with renewable wind energy, a clean source that benefits the entire state. The project also firmly supports Consumers Energy's goal of fulfilling our triple bottom line of people, planet and profits," said Dennis Dobbs, Consumers Energy's vice president of enterprise project management, engineering and services.

"I am extremely thankful to the residents and elected officials who welcomed our investment in their community, and I'm especially pleased to announce the project was completed with zero safety incidents." 

The $90 million Cross Winds Phase II employed 250 workers during construction. Its 44-megawatt capacity is enough to serve about 17,000 residents.

The project went operational on schedule six months after its groundbreaking and three weeks after Newsweek gave Consumers Energy the top score for Michigan companies in its annual "Green Rankings."

Cross Winds Energy Park Phase II project is:

  • Part of a total investment of $345 million comprised of 81 wind turbines in total – including the first phase of Cross Winds – and can produce up to 155 megawatts of renewable energy, enough to serve about 60,000 residents.
  • Helping Consumers Energy meet the needs of large businesses that choose to go 100 percent renewable.
  • Contributing to Consumers Energy's commitment to add $5 billion into the state's economy over five years through Pure Michigan Business Connect by buying goods and services from Michigan companies.

Consumers Energy worked with lead contractor White Construction to construct the 19 turbines that are 499 feet tall and make up Phase II of Cross Winds Energy Park.  

Phase III plans have been approved for Consumers Energy's Cross Winds Energy Park by Columbia and Akron townships. This final phase of the park is expected to go into commercial operation in 2020. Phase I of the energy park began operations in 2014.

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.

 

Media toolkit

CROSS WINDS: Visit the Cross Winds Energy Park website: www.crosswindsenergypark.com

SUSTAINABILITY: Learn about Consumers Energy's commitment to sustainability and download the company's annual Sustainability Report: www.ConsumersEnergy.com/sustainability

 

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

 

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

Cision View original content:http://www.prnewswire.com/news-releases/consumers-energy-starts-operations-of-cross-winds-energy-park-ii-in-michigans-thumb-300577247.html

SOURCE Consumers Energy

Brian Wheeler, 517-740-1545, or Katie Carey, 517-740-1739

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