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CMS Energy Stock Price

61.88 -0.15 -0.24% Volume: 726,799 12.08.21 04:03 ET

CMS Energy Stock Price

8Dec2021 04:03 ET 61.88 -0.15 -0.24% Volume: 726,799

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 Announces Three Solar Projects to Lead Michigan's Clean Energy Transformation

Nov 18, 2021
Company plans to add 375 megawatts of renewable energy in 2023

JACKSON, Mich., Nov. 18, 2021 /PRNewswire/ -- Consumers Energy today announced agreements to add almost 400 megawatts of clean energy – enough to power nearly 190,000 homes -- from three Michigan solar projects in southern central Michigan.

The solar developments are part of the company's Clean Energy Plan to dramatically increase renewable energy, eliminate coal as a fuel source for electricity by 2025 and achieve net zero carbon emissions by 2040.

"Increasing clean energy for our customers shows our commitment to being a force of change for clean energy that benefits the people of Michigan and protects our planet," said Dennis Dobbs, Consumers Energy's vice president of enterprise project management and environmental services. "Our partners in these projects are helping us transform the energy landscape and create a cleaner energy future for generations to come."

Under the agreements, which are awaiting approval by the Michigan Public Service Commission, Consumers Energy would own and operate one facility, while purchasing power from the other two.

The new solar projects, which would come online in 2023, include:

  • The Washtenaw Solar Energy Project, a 150-megawatt project in development to be built by Invenergy before ownership would be transferred to Consumers Energy who will operate the facility near Ann Arbor.
  • Jackson Solar, a project developed by National Grid Renewables, from which Consumers Energy would buy 125 MW of electricity for 20 years from the facility, planned for Jackson County near Consumer Energy's headquarters.
  • Cereal City Solar, a 100-MW project developed by NextEra. Consumers Energy would buy electricity for 25 years from the facility, planned in Calhoun County near Marshall. 

Under its Clean Energy Plan, Consumers Energy has proposed adding 8,000 megawatts of utility-scale solar power by 2040, including 1,100 MW by 2024. The company is using a competitive bidding process to ensure maximum value for customers. In addition to its environmental benefits, solar is increasingly cost competitive and Consumers Energy can add it gradually to meet Michigan's changing energy needs without building a large, new fossil fuel power plant.

Consumers Energy is the principal subsidiary of CMS Energy (NYSE: CMS), providing natural gas and/or electricity to 6.8 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
LinkedIn: https://linkedin.com/company/consumersenergy
Instagram: https://www.instagram.com/consumersenergy

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/consumers-energy-announces-three-solar-projects-to-lead-michigans-clean-energy-transformation-301428555.html

SOURCE Consumers Energy

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