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CMS Energy Stock Price

59.55 +0.07 +0.12% Volume: 4,705,568 06.21.24 04:00 ET

CMS Energy Stock Price

21Jun2024 04:00 ET 59.55 +0.07 +0.12% Volume: 4,705,568

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 AND ONCOURSE HOME SOLUTIONS COMPLETE SALE OF APPLIANCE SERVICE PLAN BUSINESS

Apr 11, 2024

JACKSON, Mich., April 11, 2024 /PRNewswire/ -- Consumers Energy, a subsidiary of CMS Energy (NYSE: CMS) and Oncourse Home Solutions (OHS), a leader in providing trusted and affordable home warranty solutions, today announced that American Water Resources LLC, an OHS company, has officially acquired and completed the purchase of the Consumers Energy Appliance Service Plan (ASP) business, a leading provider of appliance protection and related services.

"We are thrilled to finalize the sale of the Appliance Service Plan business, which allows the business to thrive under Oncourse Home Solutions, a company with a proven track record of success in the industry, while also allowing us to focus on our core utility priorities of modernizing our electric and gas grids and our clean energy transformation," said Brian Rich, senior vice president of customer experience and technology. "We thank the nearly 50 co-workers on the ASP team who have served our Consumers Energy customers so well during their tenure and wish them the very best. As we look ahead, our continued long-term partnership with Oncourse will allow for customers to enjoy more offerings, services and greater appliance protection – a true win, win for all."

"We want to extend a very warm welcome to the Appliance Service Plan team, and we're confident that their expertise and knowledge will help us take a significant step forward in expanding our presence and offerings to our current and future customers," said Josh Cohen, CFO of Oncourse Home Solutions. "As a customer-first organization, we work hard day in and out to earn and keep the trust of our consumers and partners. Our commitment to creating seamless, high-quality experiences is part of who we are. Having ASP on our roster will only strengthen our ability to do this and make home ownership enjoyable for all."

ASP has been the leading provider of appliance protection and related services to homeowners in Michigan for over 35 years. The business provides customers with coverage for repairs and replacement, offering financial protection from unexpected appliance breakdowns.

ASP will continue to provide services to its current customer base, ensuring a seamless transition, and Consumers Energy and Oncourse Home Solutions will advance their partnership under an ongoing services agreement.

About Consumers Energy
Consumers Energy is Michigan's largest energy provider, 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.

About Oncourse Home Solutions
Oncourse Home Solutions is a leading provider of home protection solutions focused on protecting homeowners from unexpected costs through flexible services for home repairs and maintenance. Through its companies, Oncourse Home Solutions serves 1.5 million homeowners across 43 states and Washington, D.C. With over three decades of experience, Oncourse Home Solutions remains committed to simplifying the hassles of home care and providing coverage that simply works, giving homeowners peace of mind. Visit OncourseHome.com for more information about Oncourse Home Solutions.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/consumers-energy-and-oncourse-home-solutions-complete-sale-of-appliance-service-plan-business-302114398.html

SOURCE Consumers Energy

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