CMS ENERGY CORP Stock Price, News & Analysis

Consumers Energy has announced a new initiative to expand electric vehicle (EV) charging at Michigan workplaces. The company expects over 500 workplaces to install charging stations by 2030. The program offers $7,500 rebates to businesses that install two or more EV chargers for employees, with larger rebates available for making chargers public.

This effort is part of Consumers Energy's broader strategy to support EV adoption in Michigan. The company projects powering more than 1,500 public fast charging locations by the end of 2030. Consumers Energy has seen the number of EVs in their communities triple in the last four years and is working to make EV ownership more affordable and convenient.

The initiative aligns with Consumers Energy's Clean Energy Plan, which aims to eliminate coal by 2025, reduce energy waste, and add renewable energy sources. The company serves 6.8 million Michigan residents and plans to meet 90% of customers' energy needs through clean sources, including wind and solar.

CMS Energy (NYSE: CMS) has announced it will release its 2024 third quarter results on Thursday, October 31, 2024, at 9:30 a.m. EDT. The company will also provide a business and financial outlook during the presentation. Investors and interested parties can access the webcast on CMS Energy's website, cmsenergy.com. An audio replay will be available approximately three hours after the webcast and will be archived for 30 days in the 'Investor Relations' section of the website.

CMS Energy is a Michigan-based energy company, with Consumers Energy as its primary business. The company also owns and operates independent power generation businesses. For more information or to sign up for email alert notifications, visit cmsenergy.com.

Consumers Energy is fulfilling its commitment to bury 10 miles of power lines in 2024 through its Reliability Roadmap. The company is currently working on projects in Allegan, Allendale, Hillsdale, and Saugatuck, investing $3.7 million in this pilot program. These efforts aim to strengthen the power grid and improve service reliability, even during severe storms.

As part of its long-term strategy, Consumers Energy plans to bury 1,000 miles of power lines within the next five years. This initiative is part of the company's goal to restore power to all customers within 24 hours after severe storms. The Reliability Roadmap also includes other tactics such as increased line clearing, new technology, and more durable iron poles.

Consumers Energy is Michigan's largest energy provider, serving 6.8 million residents across the state's Lower Peninsula.

Consumers Energy plans to break ground on Blackman Solar, a new 30-acre community solar array in Jackson County, Michigan, in spring 2025. The project, approved by Blackman Township, will generate electricity by the end of 2025 as part of the company's Solar Gardens program. Blackman Solar will include nearly 5,000 solar panels, generating up to 2.5 megawatts of renewable electricity for 2,500 future Solar Gardens customers.

This project will be Consumers Energy's fourth owned and operated community solar facility, expanding their MI Sunrise program for income-qualified customers. The company is committed to Michigan's clean energy future, planning to close its final three coal-burning units next summer and aiming to be carbon-neutral by 2040. Consumers Energy serves 6.8 million residents across Michigan's Lower Peninsula.

The cities of Grand Rapids and Kalamazoo have joined Consumers Energy's Renewable Energy Program (REP), marking a significant step towards their climate goals. The program allows customers to match 100% of their energy use with wind and solar power. This partnership supports Consumers Energy's Clean Energy Plan, which aims to eliminate coal by 2025 and achieve net-zero carbon emissions.

Kalamazoo aims to reduce carbon emissions to net-zero by 2050, while Grand Rapids plans to power all municipal operations with renewable energy by 2025. The REP already includes 3 dozen participants, including major corporations and the State of Michigan. In 2025, the program will expand to include residential and small business customers.

Consumers Energy has received approval from the Michigan Public Service Commission for an expanded customer-powered clean energy program. The new Renewable Energy Program, set to launch in 2025, will allow all customers to match 100% of their energy use with cost-effective wind and solar power. Key features include:

1. Removal of caps on utility-scale renewable energy programs
2. Opening large business program to residential and small business customers
3. Introduction of 'Green Giving', enabling subscribers to share clean energy benefits with others

This initiative aligns with Consumers Energy's Clean Energy Plan, which aims to eliminate coal by 2025, achieve net-zero carbon emissions, and meet 90% of customers' energy needs through clean sources.

Consumers Energy (CMS) is offering public tours of its J.H. Campbell Complex in West Michigan on September 21, 2024, marking the beginning of the end for its last coal-fired facility. The complex is scheduled to close by June 1, 2025, as part of the company's Clean Energy Plan to achieve a carbon-neutral energy grid by 2040. This closure will make Consumers Energy one of the first U.S. utility providers to eliminate coal burning.

The Campbell complex consists of three units built between 1962 and 1980. It's the last of 12 coal-fired units that Consumers Energy has been closing since 2016. The company is committed to a just transition for employees and plans to redevelop the site after demolition in 2026 or later. To replace Campbell's energy output, Consumers Energy purchased the Covert Generating Station and continues to develop clean energy projects, including wind farms and solar energy centers.

Consumers Energy (CMS) is promoting safe digging practices for National Safe Digging Day on August 11. Holly Bowers, VP of gas engineering and supply, emphasizes the importance of contacting 8-1-1 before any digging project, as it's both a safety measure and a legal requirement. Key tips include:

• Call MISS DIG (8-1-1) or visit MISSDIG811.org at least 3 business days before digging
• Avoid digging within 4 feet of marked lines
• Use hand tools near marked lines

The company also provides guidelines for dealing with natural gas leaks, including leaving the area immediately and calling 9-1-1 and 800-477-5050. MISS DIG has relocated to Lansing to expand its community education efforts on safe digging practices.

Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on its preferred stock. The Board of Directors announced a $1.125 per share dividend on the $4.50 preferred stock (NYSE: CMS_pb), payable on October 1, 2024, to shareholders of record as of September 3, 2024. CMS Energy, traded on the NYSE under the ticker CMS, is a Michigan-based energy provider with Consumers Energy as its primary business. The company also operates independent power generation businesses. Investors can find additional dividend information, including tax status, in the Tax Information section of CMS Energy's website.