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CMS Energy Stock Price

59.06 +0.17 +0.29% Volume: 1,110,506 06.20.19 03:09 ET

CMS Energy Stock Price

20Jun2019 03:09 ET 59.06 +0.17 +0.29% Volume: 1,110,506

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 Achieves Broad Support for Breakthrough Clean Energy Plan, Files Settlement

Mar 25, 2019

JACKSON, Mich., March 25, 2019 /PRNewswire/ -- Consumers Energy and other stakeholders have filed a settlement with the Michigan Public Service Commission (MPSC) on the company's Integrated Resource Plan (IRP) outlining a breakthrough Clean Energy Plan for Michigan. The plan positions Consumers Energy as a national clean energy leader and demonstrates its commitment to people, the planet and Michigan's prosperity. Today's settlement announcement – from a broad coalition of customer groups, environmental organizations and the Michigan Attorney General – outlines the best plan for Michigan's energy future.

Consumers Energy Logo (PRNewsFoto/Consumers Energy)

The company filed its IRP with the MPSC last June, which set the company's Clean Energy Plan in motion, outlining the path to zero coal while ensuring affordable and reliable energy for Michigan families and businesses. The plan details how the company will meet the state's energy needs with increased use of energy efficiency programs that save customers money and energy, along with significantly more renewable energy. 

"This breakthrough plan positions Consumers Energy and Michigan as a national clean energy leader," said Patti Poppe, president and CEO of Consumers Energy. "The settlement enables our Clean Energy Plan and puts us on the path to zero coal substituted by increased renewable energy – most notably solar – all done in an affordable way through a competitive marketplace. Michigan will have one of the cleanest and most affordable energy systems in the country through this standard-setting plan."

The settlement agreement supporting Consumers Energy's plan comes after more than a year of listening to key stakeholders' ideas and input. The next step in the process is for the MPSC to review the settlement agreement. 

The settlement includes:

  • CARBON EMISSION REDUCTION: Carbon emissions would be reduced by more than 90 percent by 2040.
  • RENEWABLE ENERGY: Consumers Energy's renewable energy supply would increase by 400 percent with the addition of 5,000 megawatts of solar to the company's system through competitive bidding by 2030.
  • COAL RETIREMENTS: The elimination of coal as a fuel source to generate electricity by 2040.
  • AFFORDABLE ENERGY: The plan significantly ramps up Consumers Energy's successful energy efficiency programs, which have already saved customers $2 billion since 2009. Through a competitive bidding process, Consumers Energy will provide customers with the most affordable prices for new renewable energy sources.

"We're proud to be partnering with major business customers, residential advocates and environmental organizations to bring the cleanest and most competitively priced energy to the people of Michigan so our home state can grow and prosper," Poppe said. "We're grateful for the contributions of all stakeholders throughout this process and look forward to the MPSC's decision on our plan."

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.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/consumers-energy-achieves-broad-support-for-breakthrough-clean-energy-plan-files-settlement-300817680.html

SOURCE Consumers Energy

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