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CMS Energy Stock Price

61.13 -0.33 -0.54% Volume: 438,842 12.09.19 01:16 ET

CMS Energy Stock Price

9Dec2019 01:16 ET 61.13 -0.33 -0.54% Volume: 438,842

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 Foundation Provides $250,000 to New Effort to Create Housing Opportunities in Flint

Nov 12, 2019

FLINT, Mich., Nov. 12, 2019 /PRNewswire/ -- The Consumers Energy Foundation celebrated its commitment to Michigan's communities today by providing $250,000 for a new effort to upgrade and sell over three dozen vacant homes to first-time homebuyers in Flint.

Consumers Energy Logo (PRNewsFoto/Consumers Energy)

Metro Community Development will provide new housing opportunities in the north part of Flint through the grant, which is part of the Foundation's first-ever Prosperity Awards. Officials with the nonprofit organization, the Consumers Energy Foundation and the Genesee County Land Bank announced the award at Mount Tabor Missionary Baptist Church, near the first home that will be renovated.

"We are excited to play a role in the revitalization of Flint, which is part of Consumers Energy's commitment to people, the planet and Michigan's prosperity," said Brandon Hofmeister, president of the Consumers Energy Foundation. "Our Prosperity Awards represent that commitment in action, working with great organizations to help Michigan continue to be a great place to live, work and innovate."

"This funding will enable us to strengthen neighborhoods by transforming abandoned houses into affordable and attractive residences for first-time homebuyers," said Brian Glowiak, CEO of Metro Community Development. "It is literally the gift that continues to give as we will leverage the proceeds from each home sale to purchase and renovate additional homes. This will multiply the momentum for cultivating pride, ownership and reinvestment in our community."

The $250,000 grant will support the organization's Acquisition and Rehabilitation Program by facilitating the purchase and rehabilitation of vacant homes into safe, affordable housing for resale to income-eligible homebuyers. The program will support up to 37 homes over the next decade.

Metro Community Development and other community leaders are working to improve housing and create housing and employment opportunities for Flint residents. The new program will work with a local building contractor and deploy young people from Metro Flint YouthBuild, a national workforce readiness program funded through the U.S. Department of Labor, to rehabilitate homes.

"The Genesee County Land Bank is pleased to partner with Metro Community Development to see abandoned tax foreclosed structures transformed into safe and affordable homes for Flint families," said Michele Wildman, executive director of the Genesee County Land Bank.

"I applaud this partnership to help strengthen neighborhoods in Flint and ensure that first-time home buyers have access to affordable housing," U.S. Rep. Dan Kildee said. "I thank the Consumers Energy Foundation and Metro Community Development for their partnership on this project, which will hire Flint residents and bring new economic investment to our city."

The Consumers Energy Foundation will contribute $500,000 to Michigan nonprofits through its Prosperity Awards, which are the second of three $500,000 grant allocations this year totaling $1.5 million. Planet Awards winners were announced in April, and applications for People Awards that support job readiness are being reviewed.

The Consumers Energy Foundation is Consumers Energy's charitable arm. The Consumers Energy Foundation enables communities to thrive and grow by investing in what's most important to Michigan – its people, our planet and Michigan's prosperity.

In 2018, the Consumers Energy Foundation, Consumers Energy and its employees and retirees contributed more than $18.5 million to Michigan nonprofits. For more information, visit www.ConsumersEnergy.com/foundation.

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 ConsumersEnergy.com.

Check out Consumers Energy on Social Media 
Facebook: https://www.facebook.com/consumersenergymichigan
Twitter: https://twitter.com/consumersenergy
LinkedIn: https://linkedin.com/company/consumersenergy
Instagram: https://www.instagram.com/consumersenergy/  

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/consumers-energy-foundation-provides-250-000-to-new-effort-to-create-housing-opportunities-in-flint-300956544.html

SOURCE Consumers Energy Foundation

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