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CMS Energy Stock Price

67.61 -1.00 -1.46% Volume: 2,037,186 08.05.22 04:03 ET

CMS Energy Stock Price

5Aug2022 04:03 ET 67.61 -1.00 -1.46% Volume: 2,037,186

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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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 and Swisslane Farms Partner to Deliver Renewable Fuel for Michigan

Dec 15, 2021
New biodigester facility at historic West Michigan dairy farm to produce renewable natural gas to heat homes, help environment

ALTO, Mich., Dec. 15, 2021 /PRNewswire/ -- Consumers Energy today announced an agreement with Swisslane Farms to build a biodigester facility that will convert agricultural waste into clean, renewable natural gas, or RNG.

RNG is renewable fuel, interchangeable with conventional natural gas. Produced from organic wastes and other renewable sources, it can help heat Michigan homes, power stoves and dry grain for farmers. RNG is a key technology available to reduce methane emissions, a greenhouse gas more potent than carbon dioxide.

Swisslane Farms, located in Kent County, plans to provide manure from its dairy cows to the production facility, which means the manure would no longer be stored in open lagoons where it produces methane released to the atmosphere. Instead, the closed biodigester will contain the manure and capture the methane, clean and condition it, and place it in existing gas pipelines. This methane capture process is equivalent to removing about 4,000 gasoline vehicles from the road each year.

"This project is an exciting first step in a cleaner natural gas future for our customers," said Greg Salisbury, Consumers Energy's vice president of gas engineering and supply. "Michigan will need natural gas for years to come. We also expect the role of natural gas to evolve, and RNG provides exciting opportunities to help the environment and the economy. We're proud to work with the agricultural community to lead Michigan's clean energy transformation."

The $17 million project, which requires regulatory approval, could start production in late 2023. Ultimately, the biodigester could produce enough RNG annually to heat nearly 1,000 homes on a cold winter day. 

Investments like the Swisslane project contribute to the growth of the RNG industry and provide sectors such as agriculture with innovative opportunities to reduce their greenhouse gas emissions.

"We are proud of the positive impact this will have on our community while combining our passion for caring for the land, our animals and environment," said Matt Oesch, CEO of Swisslane Farms. "For generations our family has embodied the role of being stewards of the land. Our partnership with Consumers Energy will allow us to make a positive difference in producing a sustainable, renewable energy source for the generations to come."

Swisslane Farms recently won the national Outstanding Dairy Farm Sustainability Award from the Innovation Center for the U.S. The farm also runs Dairy Discovery, a nonprofit dedicated to educating the West Michigan community about the "integrity of production practices and benefits of technology use in the dairy industry."

The farm has been in the Oesch family since 1915 when current CEO Matt Oesch's great-grandfather bought it. As a farm owned by the same family for more than 100 years, Swiss Lane is part of the state's Centennial farm program, which is supported by the Consumers Energy Foundation.

In 2019, Consumers Energy set a goal to achieve net zero methane emissions by 2030. The plan includes accelerated infrastructure replacement, innovative leak detection and key process changes to eliminate, avoid and minimize methane emissions.

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 counties in the Lower Peninsula.

For more information about Consumers Energy, go to ConsumersEnergy.com.

To learn more about Swisslane Farms, visit SwissLaneFarms.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:https://www.prnewswire.com/news-releases/consumers-energy-and-swisslane-farms-partner-to-deliver-renewable-fuel-for-michigan-301445244.html

SOURCE Consumers Energy

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