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CMS Energy Stock Price

61.20 -0.07 -0.11% Volume: 2,069,339 08.16.19 04:00 ET

CMS Energy Stock Price

16Aug2019 04:00 ET 61.20 -0.07 -0.11% Volume: 2,069,339

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 Starts New Era for Renewable Energy in Michigan with Approval of Clean Energy Plan

Jun 07, 2019
Plan Will Eliminate Coal, Reduce Carbon Emissions 90%, Add Renewables

JACKSON, Mich., June 7, 2019 /PRNewswire/ -- Consumers Energy today received approval from state regulators for its Clean Energy Plan, ushering in a new era for renewable energy in Michigan.

Consumers Energy Logo (PRNewsFoto/Consumers Energy)

The Clean Energy Plan puts Consumers Energy on a path to eliminate coal; reduce carbon emissions by over 90 percent; and meet customers' future electricity capacity needs with 90 percent clean energy resources by 2040. The Michigan Public Service Commission this morning approved the plan, which also had support from leading Michigan environmental and business groups.

"Consumers Energy is proud to take a stand with our Clean Energy Plan that reflects our Triple Bottom Line strategy – making a commitment to people, the planet and Michigan's prosperity," said Patti Poppe, Consumers Energy's president and CEO. "This plan establishes Michigan as a national clean energy leader and provides benefits to homes and businesses, as we supply affordable, reliable and clean energy and create innovative solutions to our state's energy needs."

Among the Clean Energy Plan's highlights:

  • Coal Free & Reduce Carbon Emissions: Carbon emissions from power plants will be reduced more than 90 percent by 2040. Two coal-fired generating units at the Karn generating facility near Bay City will be retired in 2023 – nearly a decade ahead of schedule – while the three Campbell generating units near Holland are planned to close between 2031 and 2040 making Consumers Energy coal free.
  • Clean Energy: Meeting 90 percent of customers' electricity capacity needs through clean energy resources like renewable energy, energy waste reduction, and energy storage by 2040; with the addition of 5,000 megawatts of solar energy through competitive bidding even earlier by 2030.
  • Innovative Energy Solutions: Consumers Energy will use tools such as incentives for customers to use energy more efficiently to avoid the need to invest in new, large power plants. The company's energy efficiency programs already have helped customers save $2 billion since 2009. Customers can participate in the programs to reduce energy waste, shift energy use to more affordable times, invest in charging infrastructure for electric vehicles and support new renewable energy sources.

Poppe emphasized that the Clean Energy Plan is a response to customers who care deeply about how Consumers Energy handles issues such as air quality, water management and greenhouse gas emissions.

"It's important to understand the role that everyone plays in Michigan's clean energy future," Poppe said. "We are working with policymakers, businesses and environmental groups to develop our energy plan, but our customers will play a key role by participating in programs that will reduce our demand for energy and manage the power grid more efficiently and effectively."

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.

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-starts-new-era-for-renewable-energy-in-michigan-with-approval-of-clean-energy-plan-300863858.html

SOURCE Consumers Energy

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