CMS ENERGY CORP Stock Price, News & Analysis

Consumers Energy and the City of Jackson are launching the Our Town meal distribution program to support local restaurants and provide free meals for families in need. Starting Feb. 1 and lasting for 10 weeks, the program will distribute thousands of meals, funded by nearly $500,000 from Consumers Energy and community partners. Over 20 locally owned restaurants will prepare meals, with a focus on sourcing ingredients locally. This initiative is inspired by similar programs and aims to help local businesses during the pandemic.

CMS Energy will announce its 2020 year-end results and financial outlook on February 4, 2021, at 9:30 a.m. EST. The announcement will include details on the company’s performance in the preceding year.

A webcast of the presentation will be available on the company's website, with an audio replay accessible about three hours post-event. CMS Energy primarily operates an electric and natural gas utility, Consumers Energy, and has independent power generation ventures.

Consumers Energy has announced that the Gratiot Farms Wind Project is operational, contributing 150 megawatts of clean energy to Michigan. This project, which began operations on December 16, 2020, features 60 turbines and can power approximately 58,000 residents. The investment in this project amounts to $260 million, supporting local employment and tax revenue. It aligns with Consumers Energy's Clean Energy Plan, aiming for net-zero carbon emissions and reliance on renewable energy sources.

On January 8, 2021, Consumers Energy, Pine Gate Renewables, and Kayne Anderson Capital Advisors announced the launch of eight new solar energy projects in Genesee and Saginaw Counties, Michigan. These projects, which have a combined capacity of 16 megawatts, are part of Consumers Energy's commitment to a coal-free and carbon-neutral future. The solar farms will produce renewable electricity under 20-year agreements with Consumers Energy. The initiative also supports local job creation and tax revenues.

The Consumers Energy Foundation has announced over $480,000 in grants to support Michigan nonprofits responding to community needs during the COVID-19 pandemic. This brings the total contributions to $5.4 million since March 2020. Key allocations include $200,000 for the Food Bank Council of Michigan and various donations to organizations aiding food insecurity and shelter. The Foundation aims to bolster communities as the state strives to overcome pandemic challenges, promoting hope and recovery.

Consumers Energy is contributing $500,000 to support Michigan's local businesses during the holiday season through its "Our Town" gift card initiative. The program offers a dollar-for-dollar match on gift cards purchased via local Chambers of Commerce, effectively doubling spending power in communities. Grants of $3,000 to $40,000 are being provided to participating organizations. In addition, Consumers Energy has donated nearly $5 million to nonprofit and economic development organizations throughout the year, further supporting small businesses impacted by the COVID-19 pandemic.

CMS Energy has appointed LeeRoy Wells Jr. as the new senior vice president of operations, effective December 1, 2020, following the recent appointment of Garrick Rochow as president and CEO. Previously the vice president of gas operations, Wells has a strong background in gas and electric operations, emphasizing safety and operational excellence. Tonya Berry, with 20 years of experience in Lean methodologies, will take over as vice president of gas operations on the same date. CMS Energy serves 1.8 million customers in Michigan.

Consumers Energy has successfully completed the Saginaw Trail Pipeline, a four-year, $610 million project that upgraded natural gas infrastructure across Saginaw, Genesee, and Oakland counties. The project replaced 78 miles of old pipeline with 90 miles of new, larger ones, enhancing safety and reliability. Construction did not interrupt service. Environmental efforts included relocating over 100,000 turtles and planting habitats for pollinators. Consumers Energy, Michigan's largest energy provider, is a subsidiary of CMS Energy.