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CMS Energy Stock Price

58.53 +3.98 +7.3% Volume: 637,023 04.06.20 11:34 ET

CMS Energy Stock Price

6Apr2020 11:34 ET 58.53 +3.98 +7.3% Volume: 637,023

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

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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

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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 Announces $500,000 Grant Supporting Most Vulnerable Affected by COVID-19

Mar 19, 2020

JACKSON, Mich., March 19, 2020 /PRNewswire/ -- The Consumers Energy Foundation is supporting two statewide organizations with a $500,000 contribution to help enhance critical services for Michigan children, vulnerable seniors and those who may need assistance in the wake of the COVID-19 pandemic.

"For many, the coronavirus pandemic is more than just a disruption to daily life. Families with kids who are food insecure, the elderly and those who live paycheck to paycheck are especially vulnerable. With schools and businesses closed and many grocery store shelves left bare, local nonprofits are playing a critical role in helping those in need. Consumers Energy is privileged to provide additional support to these key organizations that will support numerous vital services to help those most affected," said Brandon Hofmeister, president of the Consumers Energy Foundation.

The Food Bank Council of Michigan and the Michigan Association of United Ways will each receive $250,000, Hofmeister said.

The Food Bank Council of Michigan will distribute its $250,000 contribution to its regional food bank network to fill gaps where schools are unable to provide food for children, vulnerable seniors and the anticipated growing need that will surface as more people cannot work due to COVID-19 but still need food for their families.     

"Nothing of significance ever happens alone. Times like these mean we not only should but must come together," said Phil Knight, executive director of the Food Bank Council of Michigan. "A friend is someone who walks in when the rest of the world walks out. Consumers Energy walked in big time."

The Michigan Association of United Ways (MAUW) will share the funding with United Way organizations located in Consumers Energy service areas that have set up or are deploying emergency response activities in local communities. Many United Ways are partnering with community foundations and other local funding sources to address needs related to COVID-19, including support for the 2-1-1 system, ensuring the needs of vulnerable populations are met, and helping provide sustainability to nonprofits so the organizations can continue addressing basic needs. 

"Michigan families know that in times of crisis and uncertainty, United Way will be there to support them, and this crisis is no different. United Ways across Michigan are mobilizing financial and human capital, leveraging public-private partnerships, and working in unison with Michigan 2-1-1 to provide vital information and resources to support ALICE families – those who are working, but struggling to make ends meet, and protect the most vulnerable in our communities. Now and always, United Ways are doing what we do best – coordinating community partners, responding to emerging needs, and adapting our role to best serve all Michigan residents," said Michael Larson, president and CEO of Michigan Association of United Ways.

Consumers Energy has also enhanced its Matching Gifts Program focusing on matching employee contributions to food banks/pantries, homeless shelters, community foundations and the United Way. Through May 31, 2020, donations from CMS and Consumers Energy employees will be matched without restriction.  

Earlier this week, Consumers Energy also announced the suspension of shut-offs for non-pay for low-income and senior customers through April 5, 2020, with the possibility of adjusting that timeframe depending on the spread and severity of COVID-19. Senior citizens and qualified low-income customers already enrolled in the Winter Protection Program have extended end dates through May 3, 2020.

The Consumers Energy Foundation is the charitable arm of Consumers Energy, Michigan's largest energy provider. The 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 2019, the Consumers Energy Foundation, Consumers Energy, its employees and retirees contributed more than $11.5 million to Michigan nonprofits. For more information about the Consumers Energy Foundation, 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 www.ConsumersEnergy.com .

Check out Consumers Energy on Social Media

Facebook: https://www.facebook.com/consumersenergymichigan   
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Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/consumers-energy-foundation-announces-500-000-grant-supporting-most-vulnerable-affected-by-covid-19--301026865.html

SOURCE Consumers Energy

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