Consumers Energy Prepares 2027 Reliability Action Plan for Fewer, Shorter Power Outages
Consumers Energy (NYSE:CMS) plans to file its 2027 Reliability Action Plan on June 2 with the Michigan Public Service Commission.
Rhea-AI Summary
Consumers Energy (NYSE:CMS) plans to file its 2027 Reliability Action Plan on June 2 with the Michigan Public Service Commission. The plan targets fewer and shorter power outages through grid upgrades, expanded tree clearing, underground lines, and automation, while aiming to keep energy affordable for Michigan customers.
Positive
- None.
Negative
- None.
Details
News Market Reaction – CMS
In the May 27 session, CMS gained 0.03%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Outage time reduction
- 1 hour less
- Average customer time without power since 2021 in normal conditions
- Outage duration drop
- 28%
- Reduction in outage time since 2021 under normal conditions
- Weather outage increase
- 20%
- Increase in weather-driven outage events last year versus prior period
- Outages avoided
- 130,000 outages
- Customer outages reduced by proactive work last year
- Forestry work miles
- 8,000 to 16,000 miles
- Planned doubling of line-clearance miles by 2030
- Underground lines
- 50 miles
- Power lines to be buried to protect from severe weather
- Reliability gain underground
- 90% or more
- Reliability improvement from burying power lines
- Customer base
- 6.8 million residents
- Consumers Energy customers out of 10 million Michigan residents
Historical Context
-
Expanded outreach and $5M in bill-payment help for customers.
-
Quarterly dividend on 4.200% Series C preferred stock.
-
Quarterly dividend on Consumers Energy $4.50 preferred shares.
-
EPS growth year over year and reaffirmed 2026 EPS guidance.
-
Plan for 100 weather stations by 2027 to aid outage response.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
low-voltage lines technical
sensors and automation devices technical
rate-case regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
"We want our customers to experience fewer outages -- and when the power does go out, we're focused on restoring it as quickly as possible," said Greg Salisbury, Consumers Energy's senior vice president of electric distribution. "Our 2027 Reliability Action Plan is about making smart investments in the electric grid to deliver more reliable service for the people we serve. We know costs are top of mind, and we're working every day to keep energy affordable while making the upgrades to reduce outages over time."
Since 2021, Consumers Energy's average electric customer experienced an hour less time without power in normal conditions. That's a
Consumers Energy delivered meaningful reliability improvements last year, even as the state faced
About
- Clearing trees away from power lines, addressing the #1 cause of outages. We are planning a five-year timetable to clear all of our system's low-voltage lines, which serve homes and businesses directly. We plan to double the amount of forestry work we do, from 8,000 miles last year to 16,000 by 2030.
- Burying 50 miles of power lines underground, protecting them from severe weather. Burying lines improves reliability by
90% or more. Our next projects include work inJackson ,Newaygo ,Flint ,Allegan County andKent County . - Identifying circuits in our system where customers experience outages more frequently and fixing the underlying issues.
- Adding sensors and automation devices to help us monitor and manage our system more effectively. We're solving problems faster, often before customers notice.
Consumers Energy is continuing to help customers with resources to manage and pay bills. The company has reached out to over 30,000 people directly this year through phone calls and in-person events around the state.
"We understand our friends and neighbors are facing rising costs, from gasoline to groceries," said Kelly Hall, Consumers Energy's senior vice president of regulatory and legal affairs. "We will continue to connect people with money-saving programs and assistance in their community while making upgrades that power their lives more reliably."
Details about the 2027 Reliability Action Plan will be shared online June 2 at ConsumersEnergy.com/residential/account-and-billing/rates/rate-case.
Consumers Energy is
Learn more at ConsumersEnergy.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/consumers-energy-prepares-2027-reliability-action-plan-for-fewer-shorter-power-outages-302783241.html
SOURCE Consumers Energy
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.