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CMS Energy Stock Price

68.83 -0.38 -0.55% Volume: 2,142,005 05.20.22 04:03 ET

CMS Energy Stock Price

20May2022 04:03 ET 68.83 -0.38 -0.55% Volume: 2,142,005

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 Searching for Landowners to Help Lead Michigan's Clean Energy Transformation

May 09, 2022

Company seeks acres for new solar plants, creates economic opportunity for landowners, communities

JACKSON, Mich., May 9, 2022 /PRNewswire/ -- Consumers Energy today announced it wants to work with landowners and communities to identify locations for utility-scale solar power plants that will provide clean, renewable electricity to Michigan for decades to come.

Solar is the centerpiece of the company's Clean Energy Plan to meet Michigan's energy needs over the next 20 years while protecting the environment by eliminating coal and achieving net zero carbon emissions.

That's why, with regulatory approval, Consumers Energy plans a massive expansion to add 8,000 megawatts of utility-scale solar energy by 2040, when more than 60 percent of its electric capacity will come from renewable sources. Consumers Energy is searching for tens of thousands of acres throughout Michigan.

"We need support throughout Michigan, especially in rural and agricultural areas, and we want to work with landowners and local leaders interested in siting solar power plants to deliver environmental and economic benefits for their communities," said Dennis Dobbs, vice president of Enterprise Project Management and Environmental Services. "Harnessing the sun is Michigan's moonshot — and we won't achieve this historic goal without help."

Consumers Energy has already begun adding 1,100 megawatts of solar capacity to come online by 2024. It plans to own 50 percent of this additional solar capacity and purchase the remaining half from solar developers.

Utility-scale solar projects capable of generating about 100 megawatts provide the best value for customers. They also require significant amounts of land — between five and 10 acres per megawatt of electricity — that's flat, open and treeless with direct access to the sun and proximity to existing transmission infrastructure.

Ideal project sites for solar power plants are about 500 to 900 acres and are often comprised of multiple, neighboring landowners. Potential locations include:

    • Farm fields — including those less ideal for growing crops
    • Brownfield sites
    • Publicly owned properties

With solar leading the way, the company's proposed Clean Energy Plan, would reduce carbon dioxide (CO2) emissions by more than 63 million tons. That's the equivalent of removing 12.4 million passenger vehicles from the road for one year.

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.

Siting solar power plants provides economic benefits for landowners and communities.

  • Participating landowners may sell us their property or create an ongoing revenue source by entering into long-term easement agreements.
  • Solar power plants create hundreds of construction jobs and can increase a community's revenue to help fund education and critical basic services.

"Our goal is to meet Michigan's property owners and communities where they are to start a conversation about mutually beneficial solar solutions," Dobbs said.

Large landowners or community officials who want to learn more about potential for siting can visit ConsumersEnergy.com/misolar to provide basic details about their property and begin a discussion with company solar experts.

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:https://www.prnewswire.com/news-releases/consumers-energy-searching-for-landowners-to-help-lead-michigans-clean-energy-transformation-301541840.html

SOURCE Consumers Energy

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