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CMS Energy Stock Price

60.67 +0.43 +0.71% Volume: 2,946,160 06.11.21 04:04 ET

CMS Energy Stock Price

11Jun2021 04:04 ET 60.67 +0.43 +0.71% Volume: 2,946,160

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 Introduces New Summer Peak Rate, Giving Households More Control over Energy Costs

May 18, 2021
Customers Can Shift Energy Use to Save Money, Protect Planet

JACKSON, Mich., May 18, 2021 /PRNewswire/ -- Consumers Energy is giving Michigan households the ability to lower energy bills and take meaningful actions to protect the planet with a new standard Summer Peak Rate that will go into effect June 1 for 1.6 million residential electric customers.

The Summer Peak Rate gives customers more control over their energy bills, rewarding them for taking advantage of lower-cost electricity that's available most of the day. The new approach is part of Consumers Energy's Clean Energy Plan. If households make small changes now like shifting energy use away from high-demand times, it could eliminate the need to build new power plants.

For most of the year, households will pay a single price for electricity. From June through September, on-peak pricing will be in effect weekdays from 2 to 7 p.m.

Consumers Energy has sent letters to all of its residential electric customers explaining the new rate's impact on their bills and offering tips on how to use this new rate to save money. The energy provider will continue sharing information with customers throughout the summer.

"We know we all can take steps to protect the planet, and using less energy during peak times provides us all an opportunity to make a difference," said Lauren Youngdahl Snyder, Consumers Energy's vice president for customer experience. "By shifting energy use to mornings, nights and weekends when the demand for energy is lower, customers can help lower their bills and make an impact on our clean energy future – helping to keep Michigan beautiful for generations to come."

Consumers Energy is encouraging households to make a few small changes that can have a big impact on energy use and bills:

  • Install a smart thermostat – Install a programmable or smart thermostat to control your air conditioner and save up to 15% on your energy bill. Smart thermostats automatically adjust your home's temperature settings for the best performance – and when combined with the Smart Thermostat Program, can help lower use during peak times without lifting a finger. Consumers Energy has rebates and discounted options at ConsumersEnergyStore.com.
  • Adjust your air conditioner – Generally, adjusting your thermostat by 1 degree can reduce your electric bill by 1-3%.
  • Postpone chores – Run the dishwasher and do the laundry before 2 p.m. and after 7 p.m. on the weekdays or save it for the weekend.
  • Refresh your AC filters – Clean or replace your AC filters once a month to allow your air conditioner to run more efficiently.
  • Swap out lightbulbs – Replace old incandescent bulbs with longer-lasting LEDs. Rebates for lightbulbs and appliances are available at ConsumersEnergyStore.com.

If customers are not able to reduce or shift electricity use, most will likely see a $2 per month increase or less on their bill. Some will even see their bill decrease.

People can learn more about the new Summer Peak Rate at ConsumersEnergy.com/SummerRate.

Consumers Energy developed the Summer Peak Rate in collaboration with the Michigan Public Service Commission. About 50,000 households moved to the rate in 2019. Consumers Energy postponed a statewide adoption of the new rate last year due to the pandemic.

Consumers Energy's Clean Energy Plan calls for eliminating coal and meeting 90% of customers' needs by eliminating energy waste and adding renewable energy sources. Learn more: MICleanEnergy.com.

Consumers Energy, Michigan's largest energy provider, 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.

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-introduces-new-summer-peak-rate-giving-households-more-control-over-energy-costs-301293448.html

SOURCE Consumers Energy

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