The X-News Explorer is the ultimate source of information for investors with an affinity for the stock market who want to get a quick and convenient overview of the current news situation of a listed company. Various newswire services are available here. If a news alert is displayed, you will find company news that may be of interest to you. This service is provided by PR-Newswire.
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."