Welcome to our dedicated page for CMS ENERGY news (Ticker: CMS), a resource for investors and traders seeking the latest updates and insights on CMS ENERGY stock.
CMS Energy Corporation (NYSE: CMS) is a Michigan-based energy company whose primary business is Consumers Energy Company, an electric and gas utility. Consumers Energy is described as Michigan's largest energy provider, supplying natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties. In addition to its regulated utility operations, CMS Energy owns and operates independent power generation businesses, including wholesale power generation with contracted renewable energy.
This news page aggregates company and subsidiary news releases and market announcements related to CMS Energy and Consumers Energy. Readers can follow updates on topics such as customer assistance initiatives, community investments, regulatory and legal developments, capital markets activity and financial performance. Recent news has highlighted Consumers Energy's programs to help customers manage energy costs, including a $5 million company-funded investment to support customers and communities across Michigan, as well as specific safeguards and bill credits for seniors to help them stay safe and warm during winter.
Other news items showcase the Consumers Energy Foundation's Prosperity Awards, which provide grant funding for community projects in Michigan, and environmental initiatives such as tree planting grants designed to improve safety and electric reliability by planting the right trees in the right places. Regulatory and planning topics also appear, including Consumers Energy's support for Michigan Public Service Commission orders that set guidelines for large-load customers like data centers and its intention to file an updated Energy Supply Plan covering natural gas, renewable resources and battery storage.
Investors and observers will also find CMS Energy corporate news, including announcements of quarterly financial results, adjustments to earnings guidance, dividend declarations on preferred stock and details of capital markets transactions such as convertible senior note offerings and tender offers for outstanding bonds. This page provides a centralized view of how CMS Energy and Consumers Energy communicate about operations, financial performance, customer programs and community engagement over time.
Consumers Energy has launched its first PowerMIDrive fast charging stations for electric vehicles in four Michigan communities: Gaylord, Cadillac, Big Rapids, and Marshall. These stations can charge EV batteries from zero to 80% in about an hour, supporting the growing demand for electric vehicles in the state. The company plans to establish 30 more stations by early next year, with available rebates up to $70,000 for installation. The initiative aims to promote electric vehicle adoption and contribute to Michigan's economic growth as the state experiences over 20% year-over-year EV growth.
CMS Energy has acquired a majority stake in the 525-megawatt Aviator Wind project located in Texas, aimed at supporting Facebook and McDonald's in achieving their renewable energy goals. The project, expected to commence operations by fall 2020, will be managed by CMS Enterprises. This initiative aligns with CMS Energy's commitment to sustainable energy and will help Facebook reduce greenhouse gas emissions by 75% while assisting McDonald's in meeting its target to lower emissions by 36% by 2030. CMS Enterprises now operates 11 power plants totaling over 1,800 megawatts.
CMS Energy will release its 2020 second quarter results along with a business and financial outlook on August 3, 2020, at 9:30 a.m. EDT. A webcast of the presentation will be available on the company's website, with an audio replay accessible approximately three hours later, archived for 30 days. CMS Energy, based in Michigan, primarily operates Consumers Energy, an electric and natural gas utility, and has independent power generation businesses.
CMS Energy has declared a quarterly dividend of 40.75 cents per share, payable on Aug. 31, 2020, to shareholders of record as of Aug. 7, 2020. This announcement reflects the company's ongoing commitment to return value to shareholders amidst its operations in electric and natural gas utilities.
As a Michigan-based company, CMS Energy primarily operates Consumers Energy and independent power generation businesses.
The Consumers Energy Foundation announced grants totaling $135,000 to assist 14 Michigan nonprofits impacted by COVID-19. These funds aim to address critical needs by providing food, personal supplies, and equipment to organizations adapting their services during the pandemic. Since March, the Foundation has contributed over $3.6 million to similar initiatives.
Brandon Hofmeister, president of the Foundation, emphasized the Foundation's commitment to supporting communities in need as they navigate the ongoing effects of the pandemic.
Consumers Energy, serving 6.7 million residents in Michigan, is providing solutions to help customers reduce energy costs during the hot summer months. As part of their initiative, the company is giving away 100,000 Google Nest Thermostat E's until July 31, with 42,000 already distributed since mid-May. Customers can save up to 15% on cooling costs through smart thermostat usage. Additionally, Consumers Energy promotes its Peak Power Savers program to shift energy use away from peak demand hours. Tips for reducing energy waste are also provided to help households manage their bills effectively.