Project Strengthens Backbone of Delivery System Across Five Counties
JACKSON, Mich., Nov. 4, 2024 /PRNewswire/ -- Consumers Energy today announced it has completed its Mid-Michigan Pipeline, replacing and upgrading 55 miles of natural gas transmission pipeline in Clinton, Shiawassee, Ingham, Livingston and Washtenaw counties.
Mid-Michigan is the last in a series of major projects representing a nearly $1.5 billion investment to modernize the company's natural gas system, ensuring the major arteries that keep natural gas flowing to homes and businesses are as safe and reliable as possible.
JACKSON, Mich., Oct. 31, 2024 /PRNewswire/ -- CMS Energy announced today reported earnings per share of $0.84 for the third quarter of 2024, compared to $0.60 per share for the same quarter in 2023. The company's adjusted earnings per share for the third quarter were $0.84, compared to $0.61 per share for the same quarter in 2023. For the first nine months of the year, the company reported $2.45 per share compared to $1.96 per share for the same timeframe in 2023. The company's adjusted earnings per share on a year-to-year basis were $2.47 in 2024, compared to $2.06 per share in 2023, largely due to constructive regulatory outcomes and solid performance at NorthStar Clean Energy.
Cameras Last Year Reduced Potential Outages by Nearly 20 Million Minutes
JACKSON, Mich., Oct. 23, 2024 /PRNewswire/ -- Consumers Energy is putting technology to work on its electric grid, using infrared cameras that reduced power outages for its nearly 2 million by an average of 10 minutes last year.
The handheld infrared cameras detect problems inside nearly 1,100 large electric substations throughout Michigan and allow Consumers Energy to make repairs before they affect the public. The approach is another part of Consumers Energy's Reliability Roadmap – our commitment to reduce the number and length of power outages.
JACKSON, Mich., Oct. 21, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock.
The dividend for the common stock (CUSIP: 125896100) is 51.50 cents per share. It is payable Nov. 27, 2024, to shareholders of record on Nov. 13, 2024.
Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website, www.cmsenergy.com.
18,000 Devices Could Measure Impact of Electric Vehicles
JACKSON, Mich., Oct. 18, 2024 /PRNewswire/ -- The U.S. Department of Energy today selected Consumers Energy to receive a nearly $20 million financial assistance award to deploy new technology and provide real-time visibility into the grid and help integrate electric vehicles into Michigan's electric grid. The commitment will be matched by $20 million from Consumers Energy as it powers Michigan's EV transformation.
JACKSON, Mich., Oct. 14, 2024 /PRNewswire/ -- Consumers Energy is taking another new step to power Michigan's electric vehicle transformation by announcing an effort to install EV chargers at workplaces across the state. Consumers Energy expects over 500 workplaces will install charging by 2030.
"Consumers Energy is offering new approaches that will drive the growth of EVs. We're breaking down barriers that will help get EVs into driveways at home, to fast public chargers and, now, places where we work," said Lauren Snyder, Consumers Energy's vice president of customer experience. "Employers who are looking to attract and keep good workers now have another tool that will allow them to charge at work."
JACKSON, Mich., Oct. 10, 2024 /PRNewswire/ -- CMS Energy announced today it will provide 2024 third quarter results along with a business and financial outlook at 9:30 a.m. EDT on Thursday, October 31, 2024.
A webcast of the presentation will be available on CMS Energy's website, cmsenergy.com. An audio replay will be available approximately three hours after the webcast and will be archived for 30 days on CMS Energy's website in the "Investor Relations" section.
Allegan, Allendale, Hillsdale and Saugatuck Projects Strengthen Grid
JACKSON, Mich., Sept. 30, 2024 /PRNewswire/ -- Consumers Energy will be carrying out work to bury power lines in four Michigan communities today and over the next two months, meeting a commitment to bury 10 miles of lines this year through its Reliability Roadmap.
"Consumers Energy is delivering on our promise to bury more power lines. This helps make the power grid stronger and, importantly, will help keep the lights on for customers, even during the most intense storms," said Chris Laird, Consumers Energy's vice president of electric operations. "This is only the start. We plan to take on more upgrades like this next year and in the years after that."
JACKSON, Mich., Sept. 19, 2024 /PRNewswire/ -- Consumers Energy plans to break ground next spring on Blackman Solar, a new 30-acre community solar array in its home Jackson County that will provide local clean energy to customers through its Solar Gardens program.
Consumers Energy this week received approval from Blackman Township for the community solar project, which is slated to start generating electricity by the end of 2025.
City of Grand Rapids and City of Kalamazoo Sign Contracts for Renewable Energy Program to Power Their Cities
JACKSON, Mich., Sept. 17, 2024 /PRNewswire/ -- The cities of Grand Rapids and Kalamazoo are setting a new standard in sustainability by joining the Consumers Energy Renewable Energy Program (REP). This partnership represents a significant step toward achieving their ambitious climate goals and advancing their commitment to reducing greenhouse gas emissions. The Renewable Energy Program enables customers to match 100% of their energy use with cost-effective wind and solar power. This customer-powered clean energy effort lowers costs and helps protect the planet. "Consumers Energy appreciates the partnership from our two largest West Michigan municipalities by committing to this program," said Lauren Snyder, Consumers Energy's vice president of customer experience. "The leadership shown by the Cities of Grand Rapids and Kalamazoo highlights the importance of our Clean Energy Plan and helps us to continue to build out more renewable energy resources like solar and wind."
MPSC Approves Program to Launch New Wind and Solar in 2025
JACKSON, Mich., Aug. 22, 2024 /PRNewswire/ -- Consumers Energy is moving forward with an expanded customer-powered clean energy effort that will lower costs and help protect the planet after receiving approval today from the Michigan Public Service Commission.
Consumers Energy's new Renewable Energy Program will enable every household and business to match 100% of their energy use with cost-effective wind and solar power. Landlords, businesses and other individuals can also purchase renewable energy on someone else's behalf through a new effort called Green Giving.
Ottawa County Complex to Close in Mid-2025 as Part of Clean Energy Plan
OTTAWA COUNTY, Mich., Aug. 21, 2024 /PRNewswire/ -- Consumers Energy is inviting the public to tour its J.H. Campbell Complex in West Michigan next month, starting the final leg in the process that will close the energy provider's last coal-fired complex in less than a year.
Consumers Energy is closing all three units of the Ottawa County complex. This closure will mark the company as one of the first U.S. utility providers to eliminate coal burning and is part of its Clean Energy Plan for a carbon-neutral energy grid by 2040.
JACKSON, Mich., Aug. 12, 2024 /PRNewswire/ -- In recognition of National Safe Digging Day (Aug. 11 or 8-1-1 Day), Consumers Energy is offering tips and reminders for safe digging.
"Not only is contacting 8-1-1 before every dig project an easy and responsible way to ensure you're keeping yourself, your friends and your neighbors safe when you dig — it is also the law," said Holly Bowers, vice president of gas engineering and supply for Consumers Energy. "This free resource doesn't just protect from a minor inconvenience; it helps customers avoid injury, property damage, or even financial loss. Accidentally striking an underground pipeline or electric line can have serious and even fatal repercussions, so you should always know what is below."
JACKSON, Mich., Aug. 8, 2024 /PRNewswire/ -- The Board of Directors of Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on the Utility's preferred stock.
The following dividend is payable Oct. 1, 2024 to shareholders of record at the close of business on Sept. 3, 2024: $1.125 per share on the $4.50 preferred stock (NYSE: CMS_pb).
Additional dividend information, including the tax status of Consumers Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website.
JACKSON, Mich., July 23, 2024 /PRNewswire/ -- Consumers Energy will clear and remove trees along over 7,000 miles of power lines this year, part of a stepped-up commitment to protect electrical equipment from Mother Nature and reduce outages through the company's Reliability Roadmap.
"Line clearing is some of the most visible work that Consumers Energy does every day, but it's sometimes underappreciated as a cornerstone of our commitment to keeping the lights on for customers," said Chris Laird, Consumers Energy's vice president of electric operations. "We're doing more work today – and we're being more strategic about that work – than in the past, all to better serve our customers who count on us."
JACKSON, Mich., July 22, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock.
The dividend for the common stock (CUSIP: 125896100) is 51.50 cents per share. It is payable Aug. 30, 2024, to shareholders of record on Aug. 2, 2024.
Additional dividend information, including the tax status of CMS Energy's dividend distributions, can be obtained through the Tax Information section of CMS Energy's website, www.cmsenergy.com.
ANN ARBOR, Mich., July 15, 2024 /PRNewswire/ -- NorthStar Clean Energy, a leading innovator in the renewable energy and decarbonization sector, is thrilled to announce the relocation of its corporate headquarters to Ann Arbor, Michigan. This strategic move underscores NorthStar's commitment to fostering sustainable energy solutions, which will now be further bolstered by proximity to the Ann Arbor area, filled with an innovative sustainability community, and the ability to further attract top tier business partners and talent.
New Report Highlights Clean Transportation's Growth in Michigan
JACKSON, Mich., July 8, 2024 /PRNewswire/ -- Consumers Energy expects to power 1,500 new fast charging locations for electric vehicles by the end of the decade, a huge expansion in public charging that highlights still-strong EV growth and a bright future for clean transportation in Michigan.
The forecast is part of Consumers Energy's Transportation Electrification Plan that it is filing with state regulators. In the report, the energy provider shared successes in residential and business EV programs, vehicle charging at night that helps the electric grid – and offered a plan for new rebates for battery-powered public EV chargers.
JACKSON, Mich., July 3, 2024 /PRNewswire/ -- CMS Energy announced today it will provide 2024 second quarter results along with a business and financial outlook at 9:30 a.m. EDT on Thursday, July 25, 2024.
A webcast of the presentation will be available on CMS Energy's website, cmsenergy.com. An audio replay will be available approximately three hours after the webcast and will be archived for 30 days on CMS Energy's website in the "Investor Relations" section.
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