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CMS Energy Stock Price

62.39 +3.50 +5.94% Volume: 4,145,398 03.13.20 04:06 ET

CMS Energy Stock Price

13Mar2020 04:06 ET 62.39 +3.50 +5.94% Volume: 4,145,398

Media Contacts

MEGAN
BROWN
Senior Director of Public Relations
and Communications
517-788-6538
megan.brown@cmsenergy.com
KATIE
CAREY
Director of Media Relations
517-788-2395
katelyn.carey@cmsenergy.com
BRIAN
WHEELER
Senior Public Information Director
517-788-2394
brian.wheeler@cmsenergy.com

Disclaimer

Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk.

CMS Energy, Corp. (“CMS”) has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only. By clicking “Accept” you acknowledge and agree that neither CMS nor third party provider Virtua Research, Inc. (“Virtua) is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against CMS and Virtua and further acknowledge and agree that in no event shall CMS or Virtua, its officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to the Legal Notice, this disclaimer or the External Site

By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if CMS and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s). If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-GAAP Information

In addition to disclosing results determined in accordance with GAAP, CMS may also disclose certain non-GAAP and pro forma non-GAAP results of operations, including net income, earnings per share, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. CMS provides historical financial results on both a GAAP and non-GAAP basis. Management views adjusted earnings as a key measure of the company’s present operating financial performance and uses adjusted earnings for external communications with analysts and investors. Internally, the company uses adjusted earnings to measure and assess performance. Adjustments could include items such as discontinued operations, asset sales, impairments, restructuring costs, regulatory items from prior years, or other items. Because the company is not able to estimate the impact of specific line items, which have the potential to significantly impact, favorably or unfavorably, the company’s reported earnings in future periods, the company is not providing reported earnings guidance nor is it providing a reconciliation for the comparable future period earnings.

CMS and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data. The non-GAAP information is not prepared in accordance with GAAP and may not be comparable to non-GAAP information used by other companies. The non-GAAP information should be considered supplemental information to assist in fully understanding our business results, rather than as a substitute for the reported earnings.

A reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is included as a separate link and also posted on the CMS website at www.neilmperry.com.

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News Releases

Consumers Energy Commits to Net Zero Carbon Emissions, Takes Stand for the Planet

Feb 24, 2020

JACKSON, Mich., Feb. 24, 2020 /PRNewswire/ --?Consumers Energy today announced a goal to achieve net zero carbon emissions by 2040, the next step in an industry-leading Clean Energy Plan that protects the planet for future generations.

Consumers Energy Logo (PRNewsFoto/Consumers Energy)

"Consumers Energy is proud to take a stand for Michigan and for the planet. We are committed to take actions that eliminate our carbon footprint and do our part to combat climate change," said Patti Poppe, Consumers Energy's president and chief executive officer. "Our Clean Energy Plan already is focused on protecting the planet, and our net zero pledge takes that commitment to the next level."

Consumers Energy ushered in a new era with its 2019 Clean Energy Plan, a road map to meet Michigan's energy needs through 2040. The energy provider committed to reduce 90 percent of the carbon emissions it generates by eliminating the use of coal and working with customers to use energy more efficiently. Consumers Energy expects to avoid the need to build three new power plants with customers' help.

The new net zero goal means Consumers Energy will eliminate the impact of carbon emissions created by the electricity it generates or purchases for customers.

"We don't have all the answers yet, but our Clean Energy Plan is a great start," Poppe said. "We have the know-how and the time to continue innovating and creating to solve this problem."

The company's Clean Energy Plan provides the foundation. Consumers Energy plans to eliminate coal, boost renewable fuel sources and help customers reduce energy use and waste.

The company also may offset further emissions through strategies such as carbon sequestration, landfill methane capture or large-scale tree planting. And it will continue to explore new technology and policy solutions to reach the net zero goal.

Learn more about Consumers Energy's Clean Energy Plan at MICleanEnergy.com.

"We often say that no one can do everything, but everyone can do something," Poppe said. "Consumers Energy is proud to do our part to protect the planet with our new goal, and we look forward to working with Michigan residents to help them understand and do their part so we can accomplish great things together."

Consumers Energy, Michigan's largest energy provider, is the principal subsidiary of CMS Energy (NYSE: CMS), providing natural gas and/or electricity to 6.7 million of the state's 10 million residents in all 68 Lower Peninsula counties.

For more information about Consumers Energy, go to ConsumersEnergy.com.

Check out Consumers Energy on Social Media?
Facebook:
https://www.facebook.com/consumersenergymichigan ??
Twitter:
https://twitter.com/consumersenergy ?
LinkedIn:
https://linkedin.com/company/consumersenergy
Instagram: https://www.instagram.com/consumersenergy/

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/consumers-energy-commits-to-net-zero-carbon-emissions-takes-stand-for-the-planet-301009233.html

SOURCE Consumers Energy

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