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CMS Energy Stock Price

44.76 +0.64 +1.45% Volume: 20 05.23.18 04:01 ET

LOOKING TO THE FUTURE.

CMS Energy First Quarter 2018 Earnings Call

April 26th, 2018 +

View the Quarterly Earnings Call +

CMS Energy Stock Price

23May2018 04:01 ET 44.76 +0.64 +1.45% Volume: 20

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

Dearborn Industrial Generation Plant Rescinds Expansion Permit Request from DEQ

Jan 29, 2018

CMS-owned plant cites community concerns and commitment to people and planet as reasons to step back

DEARBORN, Mich., Jan. 29, 2018 – The Dearborn Industrial Generation (DIG) plant today announced it has made a decision and alerted the Michigan Department of Environmental Quality (MDEQ) to rescind its request for a new unit expansion air permit application.

After conversations with the MDEQ, community leaders and local stakeholders, the plant decided to take a step back to review its future plans at DIG and continue discussions with the community about how best to move forward in the future.

“We take the community’s environmental protection concerns very seriously. That’s why we will immediately begin the process to rebuild trust with area neighbors and stakeholders fostering more communication and collaboration as we look to the future,” said Richard Mukhtar, President of CMS Enterprises.

In April 2017, the natural gas plant submitted a permit request to the MDEQ to possibly add a new unit. After public health and air quality concerns by a variety of important stakeholder groups and neighbors in the area became apparent through a public process and hearing earlier this month, the plant determined it was in the best interest of the local community to rescind the expansion permit application.

“It is important that DIG and CMS Energy heard the concerns of the Dearborn community and have agreed to rethink their expansion permit with the DEQ,” said Congresswoman Debbie Dingell (D-Dearborn). “This community is very worried about the environment they live in, and the number of young children living in and attending school in this area is a significant reason to understand the consequences of decisions being made. We need to ensure that we can provide reliable, affordable energy to all Michiganders, but the need for clean air for our communities is equally important. Going forward we must all work together to ensure both.”

“This is an important moment for the residents of Dearborn who made their voices heard and expressed their concerns about the air quality in the region,” said State Representative Abdullah Hammoud (D-Dearborn). “We commend DIG for listening to the community it serves and for being an example of how to put people first. We look forward to partnering with DIG, local leaders, and residents on setting new, healthier expectations for our community. ”

The DIG plant has a separate request in to the DEQ that modifies limits for an existing DIG permit to enable its existing facility to continue to produce power from natural gas. The company said it will continue conversations with the state’s DEQ and the community on this issue.

“We are committed to continuing to operate our plant in an environmentally sound manner, in compliance with all state and federal environmental laws,” added Mukhtar.

Dearborn Industrial Generation, owned by CMS Enterprises, is a highly efficient natural gas-powered generating facility consisting of two combined cycle units and one simple cycle gas combustion unit. Additionally, there are three boilers that combust both natural gas and waste blast furnace gas from an adjacent steel mill. This facility can produce enough electricity to power approximately 765,000 homes. Commercial operation for the simple cycle unit began in 1999, and the combined cycle units became operational in 2001 replacing coal-fired generation in the Ford-Rouge Complex.

CMS Energy (NYSE: CMS) is a Michigan-based company that has an electric and natural gas utility, Consumers Energy, as its primary business and CMS Enterprises, an independent power company that owns and operates independent power generation businesses.

Media Contacts: Katie Carey, 517-740-1739 or Brian Wheeler, 517-788-2394
For more information about CMS Energy, go to www.CMSEnergy.com.

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