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CMS Energy Stock Price

57.70 +0.56 +0.98% Volume: 2,084,759 02.23.24 04:00 ET

CMS Energy Stock Price

23Feb2024 04:00 ET 57.70 +0.56 +0.98% Volume: 2,084,759

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

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 Spending More than $1 Million to Reduce Bills and Help People in Disadvantaged Communities

Nov 6, 2023

Help for Flint neighborhoods with poor air quality, energy efficiency challenges

JACKSON, Mich., Nov. 6, 2023 /PRNewswire/ -- Consumers Energy has invested more than $1 million this year in initiatives to improve quality of life and reduce bills for customers in historically disadvantaged communities in Michigan. The initial investment focused on several ZIP codes in Flint and surrounding areas and will be a playbook for work in future communities. The initiatives were completely free to customers and targeted essential health and safety improvements for homes and multifamily complexes.

"One of our priorities at Consumers Energy is to provide the energy our customers need, and to ensure we're caring for all customers and communities we serve," said Angela Thompkins, chief diversity officer and vice president of community affairs for Consumers Energy. "That means recognizing the unique challenges individuals or communities may face, and structuring the services we provide to ensure they can live safer and healthier lives."

The program was designed in collaboration with environmental justice experts and advocates, including the Michigan Public Service Commission, community and local elected officials, and nonprofit agencies. The efforts included:

  • Collaborating with the City of Flint to bundle upgrades by performing follow-up home energy analyses in homes receiving the city's lead-based paint abatement assistance to improve quality of life and reduce energy usage and bills.
  • Connecting residents with diagnosed respiratory conditions to energy and home upgrades using healthy building materials to improve air quality and reduce energy usage and bills.
  • Targeting single and multi-family residences with a specific and expanded portfolio of energy efficiency upgrades, such as furnace repairs, weatherization, etc.

"We know that there are whole communities across the state that, after years of systemic and structural neglect and underinvestment, are home to hundreds or thousands of people facing shared barriers to economic and energy-access," said Thompkins. "Our goal with this pilot has been to remove some of those barriers, and we look forward to expanding these programs to other communities to continue making upgrades and lowering bills for the customers who need it most."

The pilot program is only one of several initiatives Consumers Energy implemented in recent years for customers residing in historically disadvantaged communities. Consumers Energy recently received the Utility Star of Energy Efficiency Award from the Alliance to Save Energy for its work to install free Nest Thermostats for low-income and ALICE (asset limited, income-constrained, employed) customers in 2022. Smart thermostats save customers, on average, 10-15 percent on energy bills.

The company has plans to continue investment in Flint through 2024, as well as expand the program to other communities across the state. Customers who need help paying their bills or who would like more information about assistance programs should call 2-1-1, a free service that's available statewide.

Consumers Energy 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.

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-spending-more-than-1-million-to-reduce-bills-and-help-people-in-disadvantaged-communities-301977736.html

SOURCE Consumers Energy

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