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.
The Board of Directors of CMS Energy has announced a quarterly dividend of 46 cents per share on its common stock, CUSIP: 125896100. This dividend will be payable on May 31, 2022, to shareholders of record as of May 6, 2022. CMS Energy, based in Michigan, operates primarily through Consumers Energy and also runs independent power generation businesses.
Consumers Energy, Michigan's largest energy provider, has reached a landmark settlement regarding its Clean Energy Plan, aiming to eliminate coal as a fuel source by 2025. This agreement involves a coalition of stakeholders and outlines a 20-year strategy to meet Michigan's energy needs while protecting the environment. Key highlights include the closure of coal plants, plans for nearly 8,000 MW of solar power by 2040, the acceleration of energy storage deployment, and estimated savings of $600 million for customers. This settlement awaits review by the Michigan Public Service Commission.
CMS Energy has announced that it will provide its 2022 first quarter results along with a business and financial outlook on May 3, 2022, at 9:00 a.m. EDT. A webcast will be accessible on the company's website, allowing investors to follow the results live. An audio replay will also be available after the event. CMS Energy is a Michigan-based energy company, primarily operating through Consumers Energy and independent power generation businesses.
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CMS Energy announced the appointment of Christopher (Chris) Fultz as vice president of gas operations, effective March 1, 2022. Fultz will oversee the company's gas compression, transmission, and distribution functions, ensuring the integrity of the gas system. Previously, he served as executive director of gas operations and has been with the company since 2014. Chris holds degrees in electrical engineering and an MBA. His leadership is expected to enhance safety performance and support Michigan's prosperity.
Consumers Energy is set to enhance Michigan's electric vehicle (EV) infrastructure by adding 200 new charging stations, with 100 of them being fast chargers, by the end of 2023. This initiative supports the company's goal to facilitate 1 million EVs in its service areas by 2030. EV adoption is on the rise, showing a 58% increase statewide. With over 1,500 existing chargers, including 35 fast chargers, Consumers Energy aims to provide affordable home charging solutions and help businesses electrify their fleets.
The Consumers Energy Foundation is reviving the Put Your Town on the Map pitch competition, offering a total of $50,000 for community projects in Michigan. Communities with populations under 10,000 can submit proposals until March 18. The competition encourages innovative projects that foster community pride and economic growth. Finalists will present at the Small Town and Rural Development Conference in May, with grants awarded to the top three ideas: $25,000, $15,000, and $10,000. The initiative aims to support Michigan's small towns in overcoming recent challenges.
On February 11, 2022, CMS Energy declared a quarterly dividend of $0.2625 per depositary share on its 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C. The dividend will be payable on April 15, 2022, to shareholders on record as of April 1, 2022. CMS Energy, based in Michigan, primarily operates through Consumers Energy and also runs independent power generation businesses.
The Board of Directors of Consumers Energy, a subsidiary of CMS Energy, has declared a quarterly dividend of $1.125 per share on its $4.50 preferred stock (NYSE: CMS_pb). This dividend is payable on April 1, 2022, to shareholders on record as of March 7, 2022. CMS Energy, based in Michigan, provides energy services and operates independent power generation businesses.
CMS Energy has appointed Tonya Berry as the new senior vice president of Transformation and Engineering, effective immediately. Previously, she was the vice president of gas operations, overseeing gas transmission and distribution. In her new role, she will handle both electric and gas engineering, resource planning, and project management among other responsibilities. With over 20 years of experience, including a background in Lean methodologies, Berry holds a Bachelor's in industrial engineering from the University of Michigan and an MBA from Wayne State University.