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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

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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

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

Eight New Solar Energy Sites Begin Operating in Genesee and Saginaw Counties

Jan 08, 2021
Kayne Anderson Sites in Saginaw and Genesee Counties Doubling Solar Energy Available for Consumers Energy Customers

FLINT, Mich., Jan. 8, 2021 /PRNewswire/ -- Consumers Energy, Pine Gate Renewables and Kayne Anderson Capital Advisors, L.P., today announced five new solar energy projects in Genesee County and three in Saginaw County are now online and providing clean, renewable electricity for Consumers Energy customers.

"These solar plants coming online are a testament to our commitment to solar energy in Michigan as a major component of the Clean Energy Plan, our blueprint for a coal-free and carbon-neutral future," said Tim Sparks, vice president of electric grid integration at Consumers Energy. "We thank Pine Gate Renewables for shared beliefs in protecting our planet and for their expertise building the vital clean energy infrastructure."

The eight sites were built and are operated by Pine Gate Renewables and are owned by Kayne Anderson. Consumers Energy has 20-year agreements to purchase the energy from the projects. Each solar farm has a 2-megawatt capacity.

Combined, the solar farms produce up to 16 megawatts, adding to Consumers Energy's 10-megawatts of solar energy capacity previously available to serve its customers.

The names of the local solar projects that began operations in the last five weeks are Captain Solar, Interchange Solar, Jack Francis Solar, May Shannon Solar and Coldwater Solar in Genesee County, and Geddes 1 Solar, Geddes 2 Solar and Stoneheart Solar in Saginaw County.

"We're excited to be a part of developing renewable energy in Michigan," said Pine Gate Renewables CEO Ben Catt. "Each solar project provides tax revenue, jobs and clean energy to the local communities."

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 has agreements to purchase energy from six additional Kayne Anderson solar projects elsewhere in Michigan which are scheduled to begin operating this month.

These initial eight projects include 56,313 solar panels and have employed approximately 240 local workers through construction.

"Becoming a leader in solar energy has been an important focus of Kayne Anderson over the last several years," said Jon Levinson, co-head of renewables at Kayne Anderson Capital Advisors. "We are very pleased to have brought this initial wave of projects to completion in Michigan, and we are very excited about the continued build-out of our solar footprint over the next several years."

"We are pleased to do our part to support sustainable, renewable energy as we welcome these solar projects to Genesee County," said Bryant Nolden, Genesee County commissioner. "It was a pleasure to work with Pine Gate Renewables and Kayne Anderson to help develop these low-impact development projects. Our air quality will be improved as a result of shifting to clean power and the expanded tax base these projects provide locally will benefit our communities well into the future."

About Pine Gate Renewables
Pine Gate Renewables is a fully-integrated utility-scale solar development company headquartered in Asheville, NC. As a leader in the industry, Pine Gate focuses on forging partnerships to expand its renewable energy footprint nationwide. Its mission is to provide renewable power for local communities across the country through project development, financing, construction and environmental preservation. Awarded the gold medal for the energy category for Inc.'s Best in Business 2020 list and named #6 on Inc. 500's list of "Fastest Growing Energy Companies" in 2018, Pine Gate Renewables is blazing a trail to "Get Solar Done." For more information, visit www.pgrenewables.com.

About Kayne Anderson
Kayne Anderson Capital Advisors is a leading alternative investment management firm focused on infrastructure, renewables, real estate, credit and private equity. Kayne manages over $30 billion in assets (as of 6/30/20) for institutional investors, family office, high net worth and retail clients and employs 350 professionals in five offices across the U.S.

About Consumers Energy
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.

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/eight-new-solar-energy-sites-begin-operating-in-genesee-and-saginaw-counties-301203393.html

SOURCE Consumers Energy

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