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 celebrated the graduation of seven students from Jackson County Intermediate School District who completed the Project SEARCH program. This initiative helps students with developmental disabilities transition from school to the workplace by providing a year of hands-on training. These students, aged in their late teens, gained valuable work experience through job rotations at the company's various facilities. Angela Thompkins, Vice President of Community Affairs at Consumers Energy, emphasized the program's success and the hope it inspires for other employers to offer similar opportunities. Project SEARCH aims to secure competitive employment for people with disabilities and has been running in partnership with Consumers Energy for six years. The company plans to continue and expand the program, aiming to provide full-time jobs for some participants in the future.
Consumers Energy announced key leadership changes in its IT department. Tamara Faber, Chief Digital Officer, is leaving effective May 31. Her role will be split into two functions: strategy and operations. Jim Beechey is named Vice President, IT and Security, and Chief Information Officer as of Feb. 15. Aaron Rajda will join as Vice President, Applications and Analytics, and Chief Digital Officer on May 20. Beechey will focus on IT strategy, investments, and security, while Rajda will handle digital product delivery and customer experience. Consumers Energy serves 6.8 million residents in Michigan.
Consumers Energy is investing $24 million in smart technology to improve electric reliability, installing nearly 3,000 line sensors and over 100 automatic transfer reclosers. These cutting-edge technologies help prevent power outages, reduce outage size and duration, and have already prevented hundreds of thousands of outages. The company's Reliability Roadmap aims to restore power within 24 hours, serving close to 2 million Michigan homes and businesses.
CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
The Board of Directors of CMS Energy has declared a dividend on the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C, payable on July 15, 2024. The dividend is $0.2625 per depositary share. For more information on CMS Energy's dividend distributions and tax status, visit their website.
Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on its preferred stock. The dividend of $1.125 per share on the $4.50 preferred stock (NYSE: CMS_pb) is payable on July 1, 2024, to shareholders of record on June 3, 2024. Consumers Energy is a Michigan-based energy provider, and for more information, visit cmsenergy.com.
The Consumers Energy Foundation awarded $50,000 to winners of the Put Your Town on the Map competition, with three Michigan communities receiving grants to boost economic development. Imlay City won first place with $25,000, Rogers City second with $15,000, and St. Johns third with $10,000. The winning projects include public art displays and community benches, showcasing the importance of funding for small communities.
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