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CMS Energy Stock Price

65.19 +1.07 +1.67% Volume: 2,345,898 06.24.22 04:03 ET

CMS Energy Stock Price

24Jun2022 04:03 ET 65.19 +1.07 +1.67% Volume: 2,345,898

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 Building a Brighter Energy Future with Agreements to Purchase Solar Energy in Genesee, Hillsdale Counties

May 18, 2022

Two New Projects in 2024 Will Power 150,000 Homes

JACKSON, Mich., May 18, 2022 /PRNewswire/ -- Consumers Energy today announced agreements to add 300 megawatts of clean energy – enough to power about 150,000 homes -- from two Michigan solar projects being developed in Genesee and Hillsdale counties.

The solar developments are part of the company's Clean Energy Plan to dramatically increase renewable energy, eliminate coal electricity by 2025 and achieve net zero carbon emissions by 2040. Both projects are being developed by Ranger Power, a utility-scale solar development company based in Chicago.

"Providing 300 megawatts of clean energy for our customers is a commitment to our planet, the people of Michigan and contributes to the prosperity of communities where solar projects are sited," said Timothy Sparks, Consumers Energy's vice president of electric grid integration. "We are pleased to reach this agreement with a valued partner that is helping us bring to life a vision to provide a clean energy transformation that benefits Michiganders, both current and future generations."

Consumers Energy would purchase power from Confluence Solar in Genesee County and Heartwood Solar in Hillsdale County. The agreements are being reviewed by the Michigan Public Service Commission.

The new solar projects are each 150 megawatts and scheduled to begin operating by year-end 2024. Ranger Power will own and operate the sites.

"Securing power purchase agreements with Consumers Energy for our Confluence and Heartwood Solar projects is a major milestone in our efforts to provide clean, renewable energy to customers across Michigan," said Paul Harris, president at Ranger Power. "We're glad to be expanding our partnership with Consumers and continue to be guided by a community-first approach as we complete both solar projects."

The $200 million Confluence Solar project is expected to create up to 250 jobs in Genesee County during construction and generate over $25 million in new property tax revenues over the lifetime of the project. The new tax revenues will benefit several local taxing jurisdictions including Genesee County, Flushing and Montrose Townships, Flushing and Montrose schools, Genesee Intermediate School District, Mott Community College, and the local airport, library and transportation authorities.

Ranger Power's $150 million Heartwood Solar project will create a similar number of jobs in Hillsdale County and generate nearly $19 million in new property tax revenues over the lifetime of the project. The new tax revenues will benefit several local taxing jurisdictions, including Hillsdale County; Allen and Fayette Townships; Jonesville Community Schools; Hillsdale Intermediate School District; and the Jonesville District Library.

Consumers Energy today owns and operates solar power plants in Cadillac and on the campuses of Grand Valley State University and Western Michigan University. The energy provider also purchases power from another 18 locations throughout the Lower Peninsula.

Under its Clean Energy Plan, Consumers Energy has proposed adding 8,000 megawatts of utility-scale solar power by 2040, including 1,100 MW by 2024. The company is using a competitive bidding process to ensure maximum value for customers. In addition to its environmental benefits, solar is increasingly cost competitive and Consumers Energy can add it gradually to meet Michigan's changing energy needs without building a large, new fossil fuel power plant.

Consumers Energy is searching for tens of thousands of acres throughout Michigan to identify locations for utility-scale solar power plants. Large landowners or community officials who want to learn more about potential for siting, can visit www.ConsumersEnergy.com/misolar to provide basic details about their property and begin a discussion with company solar experts.

Consumers Energy 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.

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-building-a-brighter-energy-future-with-agreements-to-purchase-solar-energy-in-genesee-hillsdale-counties-301549561.html

SOURCE Consumers Energy

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