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CMS Energy Stock Price

61.33 -0.01 -0.02% Volume: 156,739 07.22.24 10:01 ET

CMS Energy Stock Price

22Jul2024 10:01 ET 61.33 -0.01 -0.02% Volume: 156,739

Media Contacts

KATIE
CAREY
Director of External Relations
517-788-2395
katelyn.carey@cmsenergy.com
BRIAN
WHEELER
Media Relations Manager
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

Consumers Energy Proposes Renewable Energy Offerings, Providing Greater Access and Affordability to Michiganders

Sep 21, 2023

Proposal Expands Programs and Lowers Costs for Customer Options

JACKSON, Mich., Sept. 21, 2023 /PRNewswire/ -- Consumers Energy today announced a sweeping new proposal to expand access and improve affordability to its renewable energy offerings, building on its already industry-leading Clean Energy Plan to eliminate coal and be carbon neutral.

Consumers Energy plans to update its renewable offerings by cutting costs for community solar by more than 50% and enabling every customer to match 100% of their energy use with wind and solar. Landlords, businesses and other individuals would also be able to purchase renewable energy on someone else's behalf. The company will file its plans this Friday with the Michigan Public Service Commission (MPSC).

"Consumers Energy is committed to a clean energy future for Michigan, and our renewable offerings will allow our neighbors who also want to protect the planet to join us in that mission," said Lauren Snyder, Consumers Energy's vice president of customer experience. "We're excited to break down barriers, expand accessibility, drastically lower costs and provide more options that accelerate new clean energy projects in our state."

Highlights of Consumers Energy's customer-powered proposal:

  • Affordable community solar for all – Consumers Energy wants to help any customer use solar energy, even if they may not be able to install rooftop solar. Our plan will allow us to cut in half the cost of our monthly Solar Gardens subscription and build more 100% Michigan-made community solar fields around the state, increasing accessibility, affordability and community engagement.
  • More options for large-scale solar and wind – Consumers Energy is seeking to remove the cap on its renewable energy programs to move forward with wind and solar projects as quickly as customers desire. Existing business and residential programs would be combined, giving residential customers a second option to sign up for renewable energy.
  • Green Giving – This new initiative will allow program subscribers to pass along clean energy benefits to others. This would be a path for businesses, nonprofits, charitable foundations or individuals to share program benefits with friends, family, tenants, staff or to help low-income neighbors in need. This offering has a dedicated focus to support those who receive this gift to enjoy the financial and environmental benefits from wind and solar projects that Consumers Energy develops.

"Consumers Energy is committed to providing solutions for the communities we serve. We want to make enrolling in our solutions accessible and affordable so all customers can benefit from our renewable energy programs," Snyder said. 

The proposal, which needs MPSC approval next year, addresses customers' desire for Consumers Energy to develop affordable, equitable clean energy for all. Today, Consumers Energy operates local community solar energy projects in Cadillac, at Western Michigan University and at Grand Valley State University through its Solar Gardens program and will match large businesses' energy use with clean energy sources.

Consumers Energy is Michigan's largest energy provider, 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.

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-proposes-renewable-energy-offerings-providing-greater-access-and-affordability-to-michiganders-301934377.html

SOURCE Consumers Energy

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