CMS ENERGY CORP Stock Price, News & Analysis

CMS Energy announced pricing terms for its cash tender offer to purchase up to $147.095 million of Consumers Energy Company's 2.500% First Mortgage Bonds due 2060. The Total Consideration is $565.15 per $1,000 principal amount, which includes a $30 early tender payment. The tender offer yield is 5.222%, based on a reference yield of 4.872% plus a 35 basis point spread. CMS Energy will accept $147,095,000 in principal amount of bonds tendered before the Early Tender Date of June 17, 2025. The company expects to settle the purchase on June 23, 2025, using cash on hand. No additional bonds will be accepted after the Early Tender Date as the amount tendered already exceeded the Aggregate Tender Cap.

CMS Energy announced the early results and upsizing of its cash tender offer for certain outstanding debt securities. The company increased the Aggregate Tender Cap from $125 million to $147.095 million and raised the Series Tender Cap for the 2.500% First Mortgage Bonds due 2060. The full $147.095 million in 2060 Bonds were validly tendered by the Early Tender Date of June 17, 2025. Holders who tendered by the Early Tender Date are eligible to receive the Total Consideration, including a $30 per $1,000 early tender payment. CMS Energy does not expect to accept any tenders after the Early Tender Date or any bonds other than the 2060 Bonds, as the tender amount already reached the Aggregate Tender Cap. Settlement is expected on June 23, 2025.

The Consumers Energy Foundation has announced the winners of its 2025 Put Your Town on the Map pitch competition, awarding $50,000 in total grants to three Michigan towns. Fowlerville secured the top prize of $25,000 for a mural honoring Baseball Hall of Famer Charlie Gehringer, while Watson Township received $15,000 for Seven Generations Park development, and Manistee won $10,000 for its Voices of Manistee storytelling initiative. The competition, launched in 2019, supports communities with populations under 10,000. In 2024, the Consumers Energy Foundation, along with CMS Energy Foundation, Consumers Energy, its employees and retirees contributed over $15 million to Michigan nonprofits and communities, demonstrating their commitment to strengthening local communities and enhancing quality of life across the state.

Consumers Energy (CMS) reported significant success from its underground power line pilot program launched in 2024, demonstrating 100% reduction in storm-related outages compared to areas with overhead systems. The 9-mile pilot program, targeting circuits with frequent outages in six Michigan counties, has shown improved reliability and customer satisfaction. Currently, 15% of Consumers Energy's electric lines are underground, with plans to bury over 1,000 miles of additional lines in the next 5 years, pending regulatory approval. The company has also requested approval to bury 50 more miles starting mid-2026. Underground lines improve reliability by 90% or more by protecting against common outage causes like severe weather, falling trees, and ice. Consumers Energy, Michigan's largest energy provider, serves 6.8 million residents across 68 Lower Peninsula counties.

Consumers Energy (CMS) announced a partnership with ESPEC North America to provide renewable energy for the environmental testing equipment manufacturer's operations in West Michigan. Starting in 2028, ESPEC's major electricity accounts will be powered by new Michigan-based wind and solar projects, with the company receiving Renewable Energy Certificates (RECs). ESPEC joins over 50 businesses in Consumers Energy's Renewable Energy Program, which has secured commitments for more than 700 megawatts of emission-free energy - enough to power 84,000 homes annually and reduce emissions equivalent to removing 190,500 cars from the road. Notable program participants include General Motors, Interlochen Center for the Arts, and the cities of Grand Rapids and Kalamazoo.

CMS Energy has announced a cash tender offer for up to $125 million of outstanding bonds issued by Consumers Energy Company. The tender offer targets five series of First Mortgage Bonds with maturities ranging from 2046 to 2060, with acceptance priority levels from 1 to 5. Bondholders who tender before the Early Tender Date of June 17, 2025, will receive the Total Consideration including a $30 Early Tender Payment per $1,000 principal amount. The tender offer expires on July 3, 2025. The settlement dates are expected to be June 23, 2025, for early tenders and July 9, 2025, for regular tenders. The 2.500% First Mortgage Bonds due 2060 have a Series Tender Cap of $125 million. The offer includes bonds with interest rates ranging from 2.500% to 3.500% and principal amounts outstanding between $300 million and $575 million.

Consumers Energy (CMS) is urging Michigan residents to prioritize safety by calling 8-1-1 before starting any digging projects this Memorial Day weekend. The free MISS DIG 811 service marks underground utility lines, preventing costly and dangerous accidents. Residents must call at least three business days before digging for projects like installing decks, planting trees, or setting fence posts.

Holly Bowers, VP of gas engineering and supply, emphasizes that utility line damage occurs every six minutes nationwide due to unmarked digging. Consumers Energy, Michigan's largest energy provider, serves 6.8 million residents across 68 Lower Peninsula counties with natural gas and electricity services.

Consumers Energy (CMS) has expanded its fleet of methane detection vehicles to eight Ford Edge SUVs equipped with Picarro Inc.'s mobile systems to survey its entire 30,000-mile natural gas system. These high-tech vehicles operate at night when atmospheric conditions are optimal for detecting gas leaks. The company also employed an airplane to survey its transmission and storage system, capable of detecting leaks within five feet of their location.

The initiative has already proven valuable, with one instance where a vehicle detected dangerous gas levels in a Gratiot County home due to leaking appliances. Consumers Energy has reduced methane emissions by nearly 30% since 2012 and aims for net-zero methane emissions by 2030. The program supports the company's Natural Gas Delivery Plan, maintaining system safety while keeping costs under $3 per day for typical households.

CMS Energy (NYSE: CMS) has announced a new corporate organizational structure effective July 1, 2025, designed to support its operational transformation and long-term strategy. The restructuring organizes the company into four key business units with customer-centric focus. Notable appointments include Lauren Snyder as SVP and chief customer growth officer, Tonya Berry as EVP & chief operating officer, Sri Maddipati as president of electric supply, Greg Salisbury as president of electric distribution, and LeeRoy Wells Jr. as president of natural gas delivery.

The reorganization aims to enhance customer service and operational success while focusing on the company's triple bottom line of people, planet, and prosperity. Additional leadership changes include Shaun Johnson as EVP of business transformation, Kelly Hall as SVP regulatory & legal affairs, and continued oversight of key areas by existing executives Rejji Hayes and Brandon Hofmeister.