CMS Energy Corporation reports recurring developments across its Michigan energy business, with Consumers Energy as its principal utility subsidiary. Company news commonly covers earnings results and financial outlooks, common and preferred stock dividends, and updates tied to electric and natural gas service in Michigan.
Consumers Energy updates also include grid reliability, storm response technology, customer energy-efficiency and assistance programs, and regulatory discussions involving utility assets. CMS Energy also reports on its independent power generation businesses and capital-return actions involving listed common stock, preferred securities and depositary shares.
Consumers Energy (CMS) plans to convert another 67 miles of overhead power lines to underground service in outage-prone areas in 2027. The expansion follows more than 11 miles completed so far in 2026 and 10 miles in 2024.
The company plans to reach 400 miles a year by 2028, pending regulatory approval, with projected investments of $160 million in 2028 and 2029. A 2024 pilot demonstrated undergrounding at approximately $400,000 a mile. Consumers Energy expects undergrounding to reduce outages and storm-repair and tree-trimming costs, at about the same cost as rebuilding overhead lines. Its focus is on the 25% of system line miles linked to 91% of the times customers lose power; about 16% of its primary power lines are currently underground.
CMS Energy (CMS) reported third-quarter 2026 diluted earnings of $0.39 per share as NorthStar Clean Energy restructuring weighed on results. Reported earnings fell from $0.92 per share a year earlier, while adjusted earnings, which exclude specified items, rose to $1.44 from $0.93. NorthStar asset impairment and restructuring activities generated a $456 million pretax adjustment.
For the first nine months, reported EPS fell to $1.86 from $2.59, while adjusted EPS rose to $2.95 from $2.66. Quarterly revenue increased to $2.183 billion from $2.021 billion, but operating income declined to $47 million from $481 million. CMS reaffirmed adjusted EPS guidance of $3.83–$3.90 for 2026 and $4.08–$4.17 for 2027, alongside its long-term adjusted EPS growth outlook of 6 to 8 percent, with continued confidence toward the high end.
CMS Energy (NYSE: CMS) declared a quarterly common-stock dividend of 57 cents per share, payable Dec. 1, 2026. Shareholders of record on Nov. 6, 2026, will receive the payment. Information on the tax status of dividend distributions is available in the Tax Information section of the company's website.
CMS Energy (CMS) will announce its 2026 third-quarter results and business and financial outlook on October 27, 2026. The presentation begins at 10:00 a.m. EDT, with a webcast available at cmsenergy.com. An audio replay will be available approximately three hours later and archived for 30 days in the website's Investors section.
Consumers Energy (CMS) reported improved storm restoration performance across most 2026 severe weather events versus comparable 2023 and 2025 storms.
For March 2026 storms, 80% of 340,000 affected customers were restored within 24 hours, a 16% improvement over a more impactful March 2025 storm and 26% better than a catastrophic February 2023 event. In June 2026, when 238,000 customers lost power, 91% were restored within 24 hours, which the company said was 35% better than similarly impactful May 2025 and August 2023 storms.
Consumers Energy attributes faster restoration to accelerated investment in tree trimming, stronger poles and equipment, grid technology, advanced weather forecasting, and improved crew positioning.
Consumers Energy (CMS) unveiled a 20-year Energy Supply Plan to provide reliable and affordable power for Michigan using a mix of natural gas, solar, wind, and storage resources.
The plan targets keeping customer costs rising at less than a 3% inflation rate while adding over 19 GW of solar, wind and battery storage by 2040, backed by two new fast-start natural gas plants totaling 1.4 GW in Bay and Genesee counties. It includes repurposing existing industrial sites, a new long-term power purchase agreement with Midland Cogeneration Venture, and two additional power contracts, including a clean resource contract tied to Michigan’s 2023 clean energy law. The company highlights projected community benefits of thousands of construction jobs, hundreds of permanent jobs, and local tax base increases by billions of dollars. The plan has been filed with the Michigan Public Service Commission and is subject to approval within the next year.
Consumers Energy (NYSE:CMS) has launched Crew Check, an online tool that lets customers enter their address to verify whether Consumers Energy natural gas crews are working nearby. The tool displays a vehicle identification number and sometimes license plate information, confirms work activity, and offers tips to authenticate crew members.
Crew Check currently covers southeast Michigan, Flint, Jackson, Lansing and Kalamazoo regions, and is meant to enhance customer safety and awareness. Customers can also verify crews 24/7 by calling 1-800-760-3295.
Consumers Energy (NYSE: CMS) reported that in 2026 it has already invested over $90 million in 1,001 electric reliability projects, with 886 additional projects planned from August through December. The work includes substation repairs, high-voltage line maintenance, and low-voltage line and pole replacements across 55 of 68 counties in its service territory.
According to Consumers Energy, about 75 cents of every customer dollar is being reinvested into grid replacements and repairs, with notable spending such as over $13 million in Allegan County, over $12 million in Kent County, and over $7 million in Saginaw County from January through July.
Consumers Energy (NYSE:CMS) is upgrading its Michigan natural gas system in summer 2026 by replacing 149 miles of aging cast iron and steel pipelines across multiple communities. Over 600 employees and contractors are involved, including work on the long-term Four Cities Metro Pipeline under its Natural Gas Delivery Plan, which keeps typical household costs around $3 per day.
Consumers Energy Foundation (NYSE:CMS) has launched the Community Impact Awards, a new grant program replacing the former Prosperity Signature Award while maintaining a total investment of $500,000. The initiative will provide 25 grants of up to $20,000 to community-led nonprofit organizations across Michigan, with applications open until September 15.