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CMS Energy Stock Price

58.62 +0.80 +1.38% Volume: 2,463,464 01.15.21 04:00 ET

CMS Energy Stock Price

15Jan2021 04:00 ET 58.62 +0.80 +1.38% Volume: 2,463,464

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's Gratiot Farms Wind Project Now Producing Power

Jan 11, 2021
Energy Provider's Wind Farms Now Powering More Than 185,000 Residents

ALMA, Mich., Jan. 11, 2021 /PRNewswire/ -- Consumers Energy announced Gratiot Farms Wind Project is operational and contributing 150 megawatts of clean, renewable energy to customers in Michigan.

"We are excited to have completed construction and bring Gratiot Farms online to serve customers. Each kilowatt we generate from renewable sources such as the wind gets us closer to our Clean Energy Plan goal of a net-zero carbon energy future," said Dennis Dobbs, vice president of enterprise project management, engineering and services for Consumers Energy. "We are committed to be good neighbors in Gratiot County, where our project is providing substantial local tax revenue and well-paying jobs."

Gratiot Farms Wind Project went online December 16 and features 60 turbines with a 150-megawatt capacity, enough to power about 58,000 residents. Consumers Energy acquired the project from Enel Green Power America, which started the development of the wind farm. Consumers Energy took ownership and responsibility for completing construction of the project in September 2019.

Approximately 250 workers were employed during the construction of Gratiot Farms. A team of 10 highly trained full-time employees will operate the electric generation facility from a newly established service center in Middleton, Michigan, scheduled to be completed by late February.

Gratiot Farms represents a $260 million investment in Michigan's clean energy infrastructure. It joins Lake Winds Energy Park in Mason County and Cross Winds Energy Park in Tuscola County as wind energy projects Consumers Energy owns and operates.

Combined, the three Consumers Energy wind energy parks produce enough clean, renewable energy to power about 185,600 residents.

Consumers Energy created a video to provide the public the opportunity to take a virtual tour of their new wind energy park and see what goes into constructing a large-scale wind farm. Those interested in watching construction activity and hearing from those directly involved in building Gratiot Farms Wind Energy Park can access the online video here.

Consumers Energy's Clean Energy Plan calls for eliminating coal as an energy source, achieving net-zero carbon emissions and meeting 90% of customers' energy needs through clean sources like renewable energy, energy waste reduction and energy storage.

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 ConsumersEnergy.com.

Take a video tour of Gratiot Farms and see what goes into building a wind farm: www.consumersenergy.com/company/electric-generation/renewables/gratiot-winds

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-energys-gratiot-farms-wind-project-now-producing-power-301204741.html

SOURCE Consumers Energy

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