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CMS Energy Stock Price

63.44 +0.26 +0.41% Volume: 1,086,410 01.19.22 04:04 ET

CMS Energy Stock Price

19Jan2022 04:04 ET 63.44 +0.26 +0.41% Volume: 1,086,410

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: EV Drivers Could Save Up To 60 percent this Holiday Travel Season

Dec 14, 2021

JACKSON, Mich., Dec. 14, 2021 /PRNewswire/ -- This holiday season, Michiganders will be hitting the roads to gather and celebrate. With inflation at record levels and gasoline and diesel fuel prices likely to remain high over the coming weeks, many drivers will unfortunately feel more pain at the pump than in years past. However, new data from Consumers Energy reveals that electric vehicle (EV) drivers will see significant savings – up to 60 percent – for many holiday seasons to come.

One of the many benefits of electrified mobility is the affordability and convenience of charging a vehicle at home during off-peak hours. According to Consumers Energy, the cost can be as little as 16 cents per kWh, making the energy costs of a 50-mile trip only $2.63 in an EV. That same 50-mile trip in a gasoline-fueled sedan or light duty vehicle would be about $6.36, based on the average price of regular gasoline today, currently $3.18 per gallon in Michigan, according to GasBuddy.com.

To help EV drivers make longer trips across Michigan, Consumers Energy is already powering 34 fast charging stations, plus nearly 200 public Level 2 charging stations around the state. All of these installations were aided by rebates from Consumers Energy through the PowerMIDrive program, designed to help Michigan lead the nation in EV adoption by building a robust public charging network statewide. With over 200 charging stations planned for the next two years, EV charging will only become more convenient for future holiday travel seasons.

"Consumers Energy wants to help EV drivers feel confident about their ability to travel the state with plenty of charging options available," said Lauren Youngdahl Snyder, vice president of customer experience at Consumers Energy. "Today, an EV driver can travel from Bronson all the way to Traverse City – or from Flint to Grand Rapids – with the public charging network currently in place."

In addition, over 1,200 Michigan homes have taken advantage of rebates for home charging system installation, also offered through the PowerMIDrive and Bring Your Own Charger programs from Consumers Energy, providing homeowners with rebates on charger system installation and reduced EV charging rates.

There are currently about 13,000 registered EVs in Consumers Energy's service territory, and EV sales already have been growing by more than 20 percent annually. Consumers Energy estimates EV growth should accelerate in the coming years, given the EV commitments and sales plans by U.S. automakers, and an increasing number of home and public charging options for EV owners.

To prepare for that explosive growth, Consumers Energy is already preparing to power 1 million EVs in Michigan by 2030, a commitment the company announced in November. The goal would put Michigan – the birthplace of America's auto industry – in the driver's seat for the next generation of clean, zero tailpipe-emissions vehicles and support the auto industry's goal to have electric vehicles be 50% of new sales by 2030.

Energy providers across the country are implementing similar initiatives and programs to meet America's EV transformation. Consumers Energy is a member of the National Electric Highway Coalition making interstate travel easier for EV owners, constructing a vast network of charging stations.

More information on Consumers Energy and its EV programs can be found here.

Consumers Energy is the principal subsidiary of CMS Energy (NYSE: CMS), providing electricity and/or natural gas 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-ev-drivers-could-save-up-to-60-percent-this-holiday-travel-season-301444398.html

SOURCE Consumers Energy

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