US Market News
23時間前
CMS Energy Announces Sri Maddipati as Chief Financial Officer, Chris Fultz as President of Electric SupplyJune 3, 2026 1:30 PM
PR Newswire (US) JACKSON, Mich., June 3, 2026 /PRNewswire/ -- CMS Energy announced today, Sri Maddipati, currently Consumers Energy's senior vice president and president of electric supply, will be named CMS Energy and Consumers Energy Executive Vice President and Chief Financial Officer, effective on June 3. Sri will oversee Investor Relations, Treasury, Tax, Accounting, and Financial Planning. Chris Fultz, vice president of low voltage distribution at Consumers Energy, will become the new senior vice president and president of electric supply, also effective on June 3. Chris will manage the company's electric supply business unit, which includes electric supply planning and strategy, market operations, generating plant operations and engineering, generation development and procurement. "Sri has nearly 20 years of experience across finance, treasury, banking, capital markets, and investor relations which allows for a seamless transition of leadership," said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. "Sri has held several senior leadership positions across our company and brings a combination of financial, operational, strategic and regulatory skills which reflects the company's thoughtful approach to development and succession and makes him exceptionally well-suited to serve as our next CFO and help lead the company forward."Sri joined CMS Energy in 2014 and was elected as vice president and treasurer in 2016 where he was responsible for budget and planning, corporate liquidity, financing and maintaining relationships with investors, banks and rating agencies, a position he held until he moved to the role of Consumers Energy vice president electric supply in 2023. In that role, Sri was responsible for Consumers Energy's electric supply business unit, which includes electric supply planning and strategy, market operations, generating plant operations and engineering, and generation development and procurement. Sri was appointed Consumers Energy senior vice president and president of the electric supply business unit in 2025. Prior to joining CMS Energy, Sri was a vice president in the financial institutions group at Goldman Sachs. Sri holds bachelor's and master's degrees in engineering and a Master in Business Administration, all from the University of Michigan."Chris brings a clear commitment to safety, reliability, and affordability, along with the ability to lead large-scale operations and teams to the electric supply organization," said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. "His broad expertise and leadership within operations, engineering, and project management will be an asset as we plan and execute our long-term energy supply blueprint."Chris previously served as vice president of low voltage distribution in our electric business and vice president of natural gas operations. Since joining the company in 2014, Chris held increasingly responsible roles within project management, natural gas operations, transmission, storage and compression. Prior to Consumers Energy, Fultz worked for Black & Veatch, and he holds bachelor's and master's degrees in electrical engineering from Michigan Technological University, and a master's degree in business administration from Oakland University.Rejji Hayes will retire as Executive Vice President and Chief Financial Officer, effective June 3."I want to thank Rejji Hayes for his leadership and many contributions to the company. His impact to our co-workers, communities, customers, and investors has been meaningful, and we are grateful for his service. I wish Rejji the very best in the future."CMS Energy (NYSE: CMS) is a Michigan-based energy provider featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses.Investors and others should note that CMS Energy routinely posts important information on its website and considers the Investor Relations section, www.cmsenergy.com/investor-relations, a channel of distribution. View original content to download multimedia:https://www.prnewswire.com/news-releases/cms-energy-announces-sri-maddipati-as-chief-financial-officer-chris-fultz-as-president-of-electric-supply-302790426.htmlSOURCE CMS Energy Original: CMS Energy Announces Sri Maddipati as Chief Financial Officer, Chris Fultz as President of Electric Supply
US Market News
1週前
Consumers Energy Prepares 2027 Reliability Action Plan for Fewer, Shorter Power OutagesMay 27, 2026 11:00 AM
PR Newswire (US) JACKSON, Mich., May 27, 2026 /PRNewswire/ -- Consumers Energy is taking another significant step to secure Michigan's electric grid, preparing to file its 2027 Reliability Action Plan next week. If approved, this annual plan will lead to fewer and shorter power outages for Michiganders. "We want our customers to experience fewer outages -- and when the power does go out, we're focused on restoring it as quickly as possible," said Greg Salisbury, Consumers Energy's senior vice president of electric distribution. "Our 2027 Reliability Action Plan is about making smart investments in the electric grid to deliver more reliable service for the people we serve. We know costs are top of mind, and we're working every day to keep energy affordable while making the upgrades to reduce outages over time."Since 2021, Consumers Energy's average electric customer experienced an hour less time without power in normal conditions. That's a 28% drop. Consumers Energy started increasing spending on the grid late in the last decade and has seen direct improvements with fewer equipment problems.Consumers Energy delivered meaningful reliability improvements last year, even as the state faced 20% more weather–driven outage events. Proactive work reduced customer impacts by 130,000 outages at their homes and businesses.About 75 cents of every customer dollar goes directly back into securing the grid. The full Reliability Action Plan will be filed June 2 with the Michigan Public Service Commission. Consumers Energy's plan includes:Clearing trees away from power lines, addressing the #1 cause of outages. We are planning a five-year timetable to clear all of our system's low-voltage lines, which serve homes and businesses directly. We plan to double the amount of forestry work we do, from 8,000 miles last year to 16,000 by 2030.Burying 50 miles of power lines underground, protecting them from severe weather. Burying lines improves reliability by 90% or more. Our next projects include work in Jackson, Newaygo, Flint, Allegan County and Kent County.Identifying circuits in our system where customers experience outages more frequently and fixing the underlying issues.Adding sensors and automation devices to help us monitor and manage our system more effectively. We're solving problems faster, often before customers notice.Consumers Energy is continuing to help customers with resources to manage and pay bills. The company has reached out to over 30,000 people directly this year through phone calls and in-person events around the state."We understand our friends and neighbors are facing rising costs, from gasoline to groceries," said Kelly Hall, Consumers Energy's senior vice president of regulatory and legal affairs. "We will continue to connect people with money-saving programs and assistance in their community while making upgrades that power their lives more reliably."Details about the 2027 Reliability Action Plan will be shared online June 2 at ConsumersEnergy.com/residential/account-and-billing/rates/rate-case.Consumers Energy is Michigan's largest energy provider, providing natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties. We are committed to delivering reliable and affordable energy to our customers 24/7.Learn more at ConsumersEnergy.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/consumers-energy-prepares-2027-reliability-action-plan-for-fewer-shorter-power-outages-302783241.htmlSOURCE Consumers Energy Original: Consumers Energy Prepares 2027 Reliability Action Plan for Fewer, Shorter Power Outages
US Market News
4週前
Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred StockMay 8, 2026 1:00 PM
PR Newswire (US) JACKSON, Mich., May 8, 2026 /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 July 1, 2026, to shareholders of record at the close of business on June 1, 2026: $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.CMS Energy (NYSE: CMS) is a Michigan-based energy provider featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses.For more information on CMS Energy, please visit our website at cmsenergy.com.
To sign up for email alert notifications, please visit the Investor Relations section of our website. View original content to download multimedia:https://www.prnewswire.com/news-releases/consumers-energy-the-principal-subsidiary-of-cms-energy-declares-quarterly-dividend-on-preferred-stock-302767154.htmlSOURCE CMS Energy Original: Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
US Market News
1月前
CMS Energy Announces First Quarter Results for 2026, Reaffirms 2026 Adjusted EPS GuidanceApril 28, 2026 6:30 AM
PR Newswire (US)
JACKSON, Mich., April 28, 2026 /PRNewswire/ -- CMS Energy announced today reported earnings per share of $1.10 for the first quarter of 2026, compared to $1.01 per share for 2025. The company's adjusted earnings per share for the first quarter were $1.13, compared to $1.02 per share for 2025.
CMS Energy reaffirmed its 2026 adjusted earnings guidance of $3.83 to $3.90 per share (*See below for important information about non-GAAP measures) and long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end."Strong execution in the first quarter has positioned us well for the year ahead," said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. "We're building momentum across our triple bottom line in support of customers, communities and investors."CMS Energy (NYSE: CMS) is a Michigan-based energy provider featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses.CMS Energy will hold a webcast to discuss its 2026 first quarter results and provide a business and financial outlook on Tuesday, April 28 at 10:00 a.m. (EDT). To participate in the webcast, go to CMS Energy's homepage (cmsenergy.com) and select "Events and Presentations."Important information for investors about non-GAAP measures and other disclosures.This news release contains non-Generally Accepted Accounting Principles (non-GAAP) measures, such as adjusted earnings. All references to net income refer to net income available to common stockholders and references to earnings per share are on a diluted basis. Adjustments could include items such as discontinued operations, asset sales, impairments, restructuring costs, business optimization initiative, major enterprise resource planning software implementations, changes in accounting principles, voluntary separation program, changes in federal tax policy, regulatory items from prior years, unrealized gains or losses from mark-to-market adjustments, recognized in net income related to NorthStar Clean Energy's interest expense, or other items. 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. 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. The company's adjusted earnings should be considered supplemental information to assist in understanding our business results, rather than as a substitute for the reported earnings.?? This news release contains "forward-looking statements." The forward-looking statements are subject to risks and uncertainties that could cause CMS Energy's and Consumers Energy's results to differ materially. All forward-looking statements should be considered in the context of the risk and other factors detailed from time to time in CMS Energy's and Consumers Energy's Securities and Exchange Commission filings. Investors and others should note that CMS Energy routinely posts important information on its website and considers the Investor Relations section, www.cmsenergy.com/investor-relations, a channel of distribution.CMS ENERGY CORPORATION
Consolidated Statements of Income
(Unaudited)
In Millions, Except Per Share Amounts
Three Months Ended
3/31/26
3/31/25
Operating revenue
$2,730
$2,447
Operating expenses
2,240
1,953
Operating Income
490
494
Other income
75
50
Interest charges
203
186
Income Before Income Taxes
362
358
Income tax expense
85
63
Net Income
277
295
Loss attributable to noncontrolling interests
(63)
(9)
Net Income Attributable to CMS Energy
340
304
Preferred stock dividends
2
2
Net Income Available to Common Stockholders
$338
$302
Diluted Earnings Per Average Common Share
$1.10
$1.01
CMS ENERGY CORPORATION
Summarized Consolidated Balance Sheets
(Unaudited)
In Millions
As of
3/31/26
12/31/25Assets
Current assets
Cash and cash equivalents
$175
$509Restricted cash and cash equivalents
88
106Other current assets
2,762
2,857Total current assets
3,025
3,472Non-current assets
Plant, property, and equipment
31,533
30,680Other non-current assets
5,727
5,789Total Assets
$40,285
$39,941
Liabilities and Equity
Current liabilities (1)
$2,232
$2,592Non-current liabilities (1)
8,924
8,740Capitalization
Debt and finance leases (excluding securitization debt) (2)
18,538
18,313Preferred stock and securities
224
224Noncontrolling interests
585
567Common stockholders' equity
9,242
8,920Total capitalization (excluding securitization debt)
28,589
28,024Securitization debt (2)
540
585Total Liabilities and Equity
$40,285
$39,941
(1)Excludes debt and finance leases.
(2)Includes current and non-current portions.
CMS ENERGY CORPORATIONSummarized Consolidated Statements of Cash Flows(Unaudited)
In Millions
Three Months Ended
3/31/26
3/31/25
Beginning of Period Cash and Cash Equivalents, Including Restricted Amounts
$615
$178
Net cash provided by operating activities
705
1,000Net cash used in investing activities
(1,073)
(918)Cash flows from operating and investing activities
(368)
82Net cash provided by financing activities
16
266
Total Cash Flows
$(352)
$348
End of Period Cash and Cash Equivalents, Including Restricted Amounts
$263
$526 CMS ENERGY CORPORATION
Reconciliation of GAAP Net Income to Non-GAAP Adjusted Net Income
(Unaudited)
In Millions, Except Per Share Amounts
Three Months Ended
3/31/26
3/31/25
Net Income Available to Common Stockholders
$338
$302Reconciling items:
Other exclusions from adjusted earnings**
11
3Tax impact
(3)
(1)
Adjusted net income – non-GAAP
$346
$304
Average Common Shares Outstanding - Diluted
307.1
299.1
Diluted Earnings Per Average Common Share
Reported net income per share
$1.10
$1.01Reconciling items:
Other exclusions from adjusted earnings**
0.04
0.01Tax impact
(0.01)
(*)
Adjusted net income per share – non-GAAP
$1.13
$1.02
*Less than $0.5 million or $0.01 per share.
**Includes major enterprise resource planning software implementations and unrealized gains or losses from mark-to-market adjustments, recognized in net income related to NorthStar Clean Energy's interest expense.
Management views adjusted (non-Generally Accepted Accounting Principles) 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, business optimization initiative, major enterprise resource planning software implementations, changes in accounting principles, voluntary separation program, changes in federal and state tax policy, regulatory items from prior years, unrealized gains or losses from mark-to-market adjustments, recognized in net income related to NorthStar Clean Energy's interest expense, or other items. The adjusted earnings should be considered supplemental information to assist in understanding our business results, rather than as a substitute for reported earnings.
View original content to download multimedia:https://www.prnewswire.com/news-releases/cms-energy-announces-first-quarter-results-for-2026-reaffirms-2026-adjusted-eps-guidance-302754897.htmlSOURCE CMS Energy
Original: CMS Energy Announces First Quarter Results for 2026, Reaffirms 2026 Adjusted EPS Guidance
US Market News
2月前
Consumers Energy Tells State Commission: Sale of 13 Hydroelectric Dams Is Best Option for MichiganApril 8, 2026 11:39 AM
PR Newswire (US)
LANSING, Mich., April 8, 2026 /PRNewswire/ -- Consumers Energy officials told a state commission today that selling 13 hydroelectric dams remains the best option for Michigan, supporting local communities and offering the lowest long-term cost for customers.
"Consumers Energy has spent over a century operating our dams safely, reliably and affordably. Selling the dams ensures we build on their past to power Michigan's future," said Rick Blumenstock, Consumers Energy's executive director of electric supply engineering. "Not only does their sale ensure they continue safe, reliable operations, but it's the lowest-cost choice for our customers and it keeps the reservoirs that are vital to local communities."Blumenstock joined representatives from Confluence Hydro, the dams' buyer, in speaking before the Michigan Natural Resources Commission today. Their presentation follows outreach to communities across the state since Consumers Energy and Confluence Hydro announced the sale in September.State and federal regulators are reviewing the sale. Once approved, Confluence Hydro will sell energy from the dams to Consumers Energy under a 30-year contract and will start the process to relicense them."Confluence Hydro sees tremendous potential in these dams and their ability to power Michigan's future for generations to come," said Jillian Lawrence, Confluence Hydro's chief operating officer. "We have the tools and experience necessary to invest in these dams and ensure they continue to operate safely."Both Consumers Energy and Confluence Hydro are making the sale transition seamless for communities. The dams' operations will remain the same, nearby land will remain part of their footprint and Confluence Hydro will be a partner to communities that look to the dams for economic and recreational benefits.Consumers Energy has been looking at the dams' future for over four years, and input from neighbors in public meetings and conversations with community groups has been critical. We will keep working together to promote local prosperity and honor our long-term commitment to the communities around the dams."One thing that came out over and over during community meetings is the positive aspects of the dams – whether it's trails, hiking and camping, tax revenue for local communities, or the habitat for bats at the Tippy Dam," said Adam Monroe, Consumers Energy's executive director of hydro operations.Consumers Energy officials have shared in public filings that other options – including removing them altogether – are significantly more expensive for Michigan customers."We appreciate the opportunity to explain why this sale is best for Michigan and hope people will see why we're excited to start a new chapter with Confluence Hydro," Monroe said.Consumers Energy is Michigan's largest energy provider, providing natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties. We are committed to delivering reliable and affordable energy to our customers 24/7.Learn more at ConsumersEnergy.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/consumers-energy-tells-state-commission-sale-of-13-hydroelectric-dams-is-best-option-for-michigan-302737192.htmlSOURCE Consumers Energy
Original: Consumers Energy Tells State Commission: Sale of 13 Hydroelectric Dams Is Best Option for Michigan
US Market News
2月前
Consumers Energy's Reliability Action Plan Provides Dollars to Power a Stronger Michigan Electric GridMarch 27, 2026 12:20 PM
PR Newswire (US)
Company Receives Approval Today to Make 2026 UpgradesJACKSON, Mich., March 27, 2026 /PRNewswire/ -- Consumers Energy today received the green light to carry out new upgrades to secure Michigan's electric grid, a major investment that will keep the lights on more dependably for close to 2 million Michigan homes and businesses.
The company's 2026 Reliability Action Plan provides the dollars that will power grid improvements across communities like Grand Rapids, Flint, Lansing and Northern Michigan, which have been recovering from this month's massive winter storm.Since 2021, our average electric customer experienced an hour less time in the dark in normal conditions. That's a 28% drop, one of the biggest in the nation over that time."Consumers Energy is helping our customers by securing the grid and giving them the tools to reduce and manage their bills. Our Reliability Action Plan represents an investment that will lead to fewer and shorter power outages," said Greg Salisbury, Consumers Energy's senior vice president of electric distribution. "At the same time, we understand the impact of rising costs, so we will continue to help people lower and manage bills while making upgrades to power their lives more reliably."Today's plan approval by the Michigan Public Service Commission ends a nearly year-long process. Last June, Consumers Energy offered the Reliability Action Plan to the commission to secure the grid that is built around additional customer investment.About 75 cents of every customer dollar goes directly back into securing the grid. Consumers Energy will:Double the number of miles this decade where Consumers Energy trims trees.Bury more power lines this year to protect them from storms and threats that cause outages.Install poles that withstand stronger winds and storms.Add technology that instantly reacts to interruptions.Secure our grid against physical and cyber threats."We know the cost of everything is going up, from energy to health care to groceries. That's why we ensure that we're making smart, cost-effective upgrades to secure the grid, fix problems before they happen, and improve reliability for our customers," said Kelly Hall, Consumers Energy's senior vice president of regulatory and legal affairs. "Consumers Energy works hard to help our friends and neighbors, through money-saving programs and connecting people with assistance that helps manage bills."With spring now starting, Consumers Energy is helping customers on the heels of last season's cold. Consumers Energy continues to reach out to seniors and other customers whose bills have been most affected by the cold. We will continue more direct outreach that helps people make payments and take steps to lower future bills. The company also provided $5 million to 11 nonprofit organizations to help people with energy bills.Consumers Energy plans to file its 2027 Reliability Action Plan in June, to continue making investments that secure the grid. The company will notify the Michigan Public Service Commission next week to start that process.Consumers Energy is Michigan's largest energy provider, providing natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties. We are committed to delivering reliable and affordable energy to our customers 24/7.Learn more at ConsumersEnergy.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/consumers-energys-reliability-action-plan-provides-dollars-to-power-a-stronger-michigan-electric-grid-302727421.htmlSOURCE Consumers Energy
Original: Consumers Energy's Reliability Action Plan Provides Dollars to Power a Stronger Michigan Electric Grid
US Market News
3月前
Consumers Energy Unveils Electric Supply Plan to Keep Energy Reliable and Bills LowerMarch 11, 2026 1:01 PM
PR Newswire (US)
Proposal includes Two Natural Gas Plants, More RenewablesJACKSON, Mich., March 11, 2026 /PRNewswire/ -- Consumers Energy announced today that its upcoming Integrated Resource Plan (IRP) will include an all-of-the-above approach to how we supply electricity with over 13 GW in expanded renewables and clean energy resources including solar, battery storage, and wind supported by two new natural gas plants generating 1.5 GW.
This plan is designed to deliver the affordable, reliable energy Michigan needs to thrive for the next 20 years, ensuring power is available every hour of every day. The comprehensive strategy combined with nationally recognized customer programs that reward energy savings will help drive down customer bills."Affordable, secure and reliable energy remains a cornerstone of Michigan's future, and this plan positions the state to support new homes, businesses and industries with confidence, lowering customer costs for all," said Sri Maddipati, Consumers Energy's president of electric supply. "This plan combines new natural gas units with wind, solar and battery storage to meet demand in all conditions enhancing and securing the grid for the communities we call home."Highlights in the plan include:Competitively Priced Solutions: Affordability and reliability are central priorities of the plan. The two new natural gas plants enhance system reliability and help maintain affordable energy – prioritizing the lowest cost energy source available at any moment.Efficient Generation: The plan repurposes our existing industrial sites at Karn Generating Facility in Bay County and Thetford Township in Genesee County, minimizing land impacts and leveraging existing grid infrastructure, adding two new natural gas plants to deliver fast-starting, on-demand power when customers need it most. As we build up our clean energy portfolio, these units offer a solid reliability foundation that allows us to continue adding renewable energy.Community Investments: This plan would strengthen the state's workforce by adding thousands of construction jobs and creating hundreds of permanent positions through our investments in natural gas, wind, and solar. In addition to the expanded workforce, the plan's investments in these local communities will enhance the tax base by nearly $19 billion from projects including the natural gas plants and those in the Renewable Energy Plan approved in 2025 supporting local government and the services our residential and business customers rely on through property taxes.Continued Clean Energy Resources: Our continued commitment to clean energy options, such as solar, wind and battery storage will achieve the targets set in the 2023 energy law. Combined with our award-winning customer programs, which have saved customers $8.5 billion since 2009 and are projected to save $18 billion by 2050, the plan keeps energy affordable by rewarding energy savings and using the lowest–cost resources available."We value Consumers Energy's investment in our community and appreciate the partnership and support behind this effort," said Terri Close, Hampton Township supervisor. "While this project will certainly strengthen our local economy, its impact reaches far beyond Hampton Township and Bay County. By taking advantage of existing infrastructure, this project shows Consumers Energy's long–term commitment to provide reliable, affordable energy that will benefit families and businesses across Michigan.""The planned investments by Consumers Energy will create meaningful opportunities for skilled workers across Michigan," Steve Claywell, President of the Michigan Building Trades Council. "These projects will support good-paying jobs and strengthen the skilled trades pipeline for the women and men who build and maintain our state's vital infrastructure."The company plans to file its IRP in June and is subject to approval by the Michigan Public Service Commission.Consumers Energy is Michigan's largest energy provider, providing natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties. We are committed to delivering reliable and affordable energy to our customers 24/7.Learn more at ConsumersEnergy.com/energysupplyplan.
View original content to download multimedia:https://www.prnewswire.com/news-releases/consumers-energy-unveils-electric-supply-plan-to-keep-energy-reliable-and-bills-lower-302711297.htmlSOURCE CMS Energy
Original: Consumers Energy Unveils Electric Supply Plan to Keep Energy Reliable and Bills Lower
US Market News
3月前
CMS Energy Announces Diane Leopold and Richard Keyes to Join the Board of DirectorsFebruary 20, 2026 9:15 AM
PR Newswire (US)
JACKSON, Mich., Feb. 20, 2026 /PRNewswire/ -- Diane Leopold, retired executive vice president and chief operating officer at Dominion Energy, Inc, ("Dominion") has been elected to the CMS Energy and Consumers Energy boards of directors. Richard Keyes, president and chief executive officer of Meijer, Inc, has also been elected to the CMS Energy and Consumers Energy boards of directors. Both appointments are effective February 20, 2026.
Leopold joined Dominion, a regulated public electric utility, in 1995 and served in a wide variety of positions of increasing responsibility until being named executive vice president and co-chief operating officer in 2019, a position she held until her appointment as executive vice president and chief operating officer in 2020. She brings over three decades of utility experience to the CMS Energy and Consumers Energy board of directors.Leopold holds a bachelor of science in electrical and mechanical engineering from the University of Sussex, a master's in electrical engineering from George Washington University and a master's in business administration from Virginia Commonwealth University. She currently serves on the boards of nVent Electric plc, Markel Group Inc., World Pediatrics and the Atlantic Council. Leopold will serve on the Compensation and Human Resources Committee and the Finance Committee for each of the CMS Energy and Consumers Energy boards.Richard Keyes first joined Meijer in 1989 and has held roles of increasing responsibility across the business, including Pharmacy, Retail Operations, and Supply Chain & Manufacturing. He was elected as president in 2015, a position he held until 2017, when he was elected chief executive officer. Keyes brings with him to the CMS Energy and Consumers Energy boards of directors over 35 years of broad operational, strategic and leadership experience in the business community.Keyes received his bachelor of science pharmacy degree from Ohio Northern University. He serves on the boards of Business Leaders for Michigan, and National Association of Chain Drug Stores. He is the vice chair of Retail Leaders Association and The Right Place and is the board chair of Ohio Northern University, FMI Foundation and The Federal Reserve Bank of Chicago-Detroit Branch. Keyes will serve on the Audit Committee and Governance, Sustainability and Public Responsibility Committee of the Boards.CMS Energy (NYSE: CMS) is a Michigan-based company that has an electric and natural gas utility, Consumers Energy, as its primary business. It also owns and operates independent power generation businesses.
View original content to download multimedia:https://www.prnewswire.com/news-releases/cms-energy-announces-diane-leopold-and-richard-keyes-to-join-the-board-of-directors-302693589.htmlSOURCE CMS Energy
Original: CMS Energy Announces Diane Leopold and Richard Keyes to Join the Board of Directors
US Market News
3月前
Reliability Roadmap by the Numbers: 2,700 Electric Reliability Improvements Powered by Customers' Investments in 2025February 18, 2026 10:41 AM
PR Newswire (US)
80% of customer rate increases over the past 5 years fund reliability improvements JACKSON, Mich., Feb. 18, 2026 /PRNewswire/ -- Consumers Energy is looking back on a year of major grid improvements as crews across Michigan completed thousands of projects in 2025 to strengthen the electric system, reducing outages, restoring power faster and helping control costs for customers. These upgrades reflect our commitment to investing customers' dollars wisely in work that improves their experience even as severe weather intensified statewide.
"We promised our customers a stronger, smarter grid, and we are delivering on that promise while being thoughtful on how we spend customer dollars," said Greg Salisbury, senior vice president and president of the electric grid. "That's why we're focused on practical upgrades that reduce outages today and help avoid higher costs down the road." In 2025, Michigan experienced historic ice storms, extreme winds and one of the most active tornado seasons since 1950. While Consumers Energy cannot control the storms, we are doing the work before storms hit by reinforcing equipment, trimming trees near power lines, inspecting infrastructure and installing technology to spot problems earlier. The investments in preparation paid off. Despite 20 percent more weather driven outage events, Consumers Energy's investments reduced customer impacts by 130,000 outages at their homes and businesses. Improved storm forecasting and planning generated $15 million in savings, helping crews respond more efficiently and reducing costs over time. "This work isn't about buzzwords or big promises. It's about doing the right work in the right places," Salisbury said. "When we invest wisely, customers see the benefit through fewer outages and faster restoration." Reliability Roadmap by the Numbers:In 2025, Consumers Energy completed nearly 2,700 low voltage and high voltage distribution reliability projects, including:Built three new substations and completed seven fractionalization projects to divide the electric grid into smaller sections and support growing communities32,173 utility poles installed to replace and upgrade infrastructure26,069 miles of power lines inspected by crews, helicopters and drones and over 12,000-line sensors installed to catch issues earlyTrees and limbs cleared from more than 8,000 miles of power lines to prevent outages caused by falling branches, reduce storm damage and improve safetyUsed automated technology to reroute power during outages by creating 31 ATR loops including 96 reclosers to limit customer impact and outage length."We know customers are feeling the impact of rising costs on everything from groceries to housing and insurance," said Chris Fultz, vice president of low voltage distribution. "That is why we are focused on smart, preventative work that strengthens the grid because avoiding outages and restoring power faster helps reduce customers' costs over time." Consumers Energy remains focused on projects that support the long-term goals of the Reliability Roadmap, which are that no customer is ever without power for more than 24 hours and that no single weather incident affects more than 100,000 customers. While those goals have not yet been fully reached, the progress made in 2025 shows meaningful movement in the right direction. Severe weather is becoming more frequent, but we are preparing for it. By investing carefully in the equipment that serves our neighbors and businesses today, Consumers Energy is working to deliver more reliable service, reducing disruptions and costs for the long term. Consumers Energy is Michigan's largest energy provider, providing natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties. We are committed to delivering reliable and affordable energy to our customers 24/7. Learn more at ConsumersEnergy.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/reliability-roadmap-by-the-numbers-2-700-electric-reliability-improvements-powered-by-customers-investments-in-2025--302691696.htmlSOURCE Consumers Energy
Original: Reliability Roadmap by the Numbers: 2,700 Electric Reliability Improvements Powered by Customers' Investments in 2025
US Market News
4月前
Consumers Energy Promotes Home Heating Credit to Help Customers Pay Energy BillsFebruary 16, 2026 9:14 AM
PR Newswire (US)
JACKSON, Mich., Feb. 16, 2026 /PRNewswire/ -- Now that tax season is here, Consumers Energy is preparing and supporting customers by helping them to apply for the Michigan Home Heating Credit. The annual credit helps thousands of households manage their expenses each year, providing an average benefit of nearly $200.
"We know many people are concerned about rising costs across the board, so it's our priority to provide connections to dollars and resources that make a difference every day," said Lauren Snyder, Consumers Energy's senior vice president and chief customer and growth officer. "We are here to connect you with help now and all through the year."The Home Heating Credit (MI-1040CR-7) is provided by the State of Michigan to help families recover heating costs from last year, offering dollars today. People are eligible if their income is at or below 110% of the federal poverty level, or $35,365 for a family of four. Customers do not need to file taxes to receive this credit.To make the process easier, many families can get an inside track to the credit by calling 2-1-1. The free 2-1-1 service connects people with free tax preparation services through Volunteer Income Tax Assistance sites.Consumers Energy is actively helping customers on the heels of last month's record cold snap that is leading to higher bills. Helping customers stay warm and supported is Consumers Energy's #1 priority today and the rest of this season.Consumers Energy is identifying customers whose bills may be the most affected by the cold, and planning more direct outreach that helps them make payments and reduce energy use to lower future bills. The company also provided $5 million to 11 nonprofit organizations that are actively helping people with energy bills.People can learn more about how Consumers Energy helps customers at ConsumersEnergy.com/assistance."Whether it's the Home Heating Credit or other programs, no one has to go it alone when facing hardship," Snyder said. "We want people to know Consumers Energy and so many others are standing with our friends and neighbors, supporting them no matter the situation."Consumers Energy is Michigan's largest energy provider, providing natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties. We are committed to delivering reliable and affordable energy to our customers 24/7. Learn more at ConsumersEnergy.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/consumers-energy-promotes-home-heating-credit-to-help-customers-pay-energy-bills-302688710.htmlSOURCE Consumers Energy
Original: Consumers Energy Promotes Home Heating Credit to Help Customers Pay Energy Bills
US Market News
4月前
Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred StockFebruary 13, 2026 10:30 AM
PR Newswire (US)
JACKSON, Mich., Feb. 13, 2026 /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 April 1, 2026, to shareholders of record at the close of business on March 2, 2026: $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.CMS Energy (NYSE: CMS) is a Michigan-based energy provider featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses.For more information on CMS Energy, please visit our website at cmsenergy.com.
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View original content to download multimedia:https://www.prnewswire.com/news-releases/consumers-energy-the-principal-subsidiary-of-cms-energy-declares-quarterly-dividend-on-preferred-stock-302687743.htmlSOURCE CMS Energy
Original: Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
iHub News
4月前
CMS Energy Lifts 2026 Earnings Forecast After Surpassing 2025 TargetsFebruary 5, 2026 9:17 AM
IH Market News
CMS Energy (NYSE:CMS) announced fourth-quarter results on Thursday that met profit expectations and exceeded revenue forecasts, while raising its earnings outlook for 2026 following stronger-than-expected performance in 2025.The company posted adjusted earnings per share of $0.95 for the quarter, in line with analyst projections. Revenue, however, came in ahead of expectations at $2.23 billion, compared with consensus estimates of $1.99 billion. CMS Energy shares were little changed in after-hours trading following the release.The Michigan-based utility reported full-year 2025 adjusted EPS of $3.61, exceeding its prior guidance range, driven largely by robust contributions from its NorthStar Clean Energy division. Building on this momentum, the company increased its 2026 adjusted EPS forecast to a range of $3.83 to $3.90, up from its earlier outlook of $3.80 to $3.87. The midpoint of the updated guidance sits slightly above the analyst consensus estimate of $3.85. CMS also reiterated its long-term target of delivering annual adjusted EPS growth of 6% to 8%, expressing confidence toward the upper end of that range.“CMS Energy had a successful year delivering for all stakeholders in 2025. Our accomplishments include constructive regulatory outcomes, solid cost performance at the Utility and strong results at NorthStar,” said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. “Our customers remain our top priority as the CMS Energy team works every day to improve reliability and affordability.”Within its business segments, the company’s gas utility division delivered particularly strong results, generating earnings of $0.56 per share in the fourth quarter, up from $0.44 in the same period last year. The 27% increase was largely attributed to approved gas rate adjustments and higher demand during colder weather.Meanwhile, the electric utility segment reported earnings of $0.35 per share, down from $0.47 a year earlier, reflecting increased operating and maintenance costs, including expenses related to service restoration.For the full year, CMS Energy recorded revenue of $8.54 billion, representing a 13.6% increase from $7.52 billion in 2024. The company also announced an 11-cent increase to its annual dividend, raising the payout to $2.28 per share for 2026 and marking its 20th consecutive year of dividend growth.CMS Energy stock price
Original: CMS Energy Lifts 2026 Earnings Forecast After Surpassing 2025 Targets
US Market News
4月前
CMS Energy's Board of Directors Increases Quarterly Dividend on Common Stock to 57 Cents Per ShareFebruary 5, 2026 7:30 AM
PR Newswire (US)
JACKSON, Mich., Feb. 5, 2026 /PRNewswire/ -- The Board of Directors of CMS Energy today increased the quarterly dividend on the company's common stock to 57 cents per share, up from 54.25 cents per share.
Based on Wednesday's closing price for CMS Energy common stock, $71.60, the dividend represents an annualized yield of 3.2 percent.The first quarter dividend for the common stock (CUSIP: 125896100) is payable Feb. 27, 2026, to shareholders of record Feb. 17, 2026.Garrick Rochow, CMS Energy's president and chief executive officer, said the board's decision to increase the dividend to $2.28 per share on an annualized basis reflects a strong commitment and execution of the company's strategy.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.CMS Energy (NYSE: CMS) is a Michigan-based energy company featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses.For more information on CMS Energy, please visit our website at cmsenergy.com.
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View original content to download multimedia:https://www.prnewswire.com/news-releases/cms-energys-board-of-directors-increases-quarterly-dividend-on-common-stock-to-57-cents-per-share-302679899.htmlSOURCE CMS Energy
Original: CMS Energy's Board of Directors Increases Quarterly Dividend on Common Stock to 57 Cents Per Share
US Market News
4月前
CMS Energy Exceeds Earnings Guidance in 2025, Raises 2026 Adjusted EPS GuidanceFebruary 5, 2026 6:30 AM
PR Newswire (US)
JACKSON, Mich., Feb. 5, 2026 /PRNewswire/ -- CMS Energy announced today reported earnings per share of $3.53 for 2025, compared to $3.33 per share for 2024. The company's adjusted earnings per share for 2025 were $3.61, compared to $3.34 per share for 2024, exceeding the guidance range largely due to outperformance at NorthStar Clean Energy. CMS Energy also increased its annual dividend by 11 cents per share to $2.28 for 2026, the 20th increase in as many years.
CMS Energy raised its 2026 adjusted earnings guidance to $3.83 to $3.90 from $3.80 to $3.87 per share (*See below for important information about non-GAAP measures) and reaffirmed long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end."CMS Energy had a successful year delivering for all stakeholders in 2025. Our accomplishments include constructive regulatory outcomes, solid cost performance at the Utility and strong results at NorthStar," said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. "Our customers remain our top priority as the CMS Energy team works every day to improve reliability and affordability."CMS Energy (NYSE: CMS) is a Michigan-based energy provider featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses.CMS Energy will hold a webcast to discuss its 2025 year-end results and provide a business and financial outlook on Thursday, February 5, 2026 at 10:00 a.m. (EST). To participate in the webcast, go to CMS Energy's homepage (cmsenergy.com) and select "Events and Presentations."Important information for investors about non-GAAP measures and other disclosures.This news release contains non-Generally Accepted Accounting Principles (non-GAAP) measures, such as adjusted earnings. All references to net income refer to net income available to common stockholders and references to earnings per share are on a diluted basis. Adjustments could include items such as discontinued operations, asset sales, impairments, restructuring costs, business optimization initiative, changes in accounting principles, voluntary separation program, changes in federal tax policy, regulatory items from prior years, unrealized gains or losses from mark-to-market adjustments, or other items. 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. 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. The company's adjusted earnings should be considered supplemental information to assist in understanding our business results, rather than as a substitute for the reported earnings.?? This news release contains "forward-looking statements." The forward-looking statements are subject to risks and uncertainties that could cause CMS Energy's and Consumers Energy's results to differ materially. All forward-looking statements should be considered in the context of the risk and other factors detailed from time to time in CMS Energy's and Consumers Energy's Securities and Exchange Commission filings. Investors and others should note that CMS Energy routinely posts important information on its website and considers the Investor Relations section, www.cmsenergy.com/investor-relations, a channel of distribution.CMS ENERGY CORPORATION
Consolidated Statements of Income
(Unaudited)
In Millions, Except Per Share Amounts
Three Months Ended
Twelve Months Ended
12/31/25
12/31/24
12/31/25
12/31/24
Operating revenue$2,233
$1,989
$8,539
$7,515
Operating expenses
1,798
1,564
6,812
6,028
Operating Income
435
425
1,727
1,487
Other income
61
61
310
344
Interest charges
201
180
789
708
Income Before Income Taxes
295
306
1,248
1,123
Income tax expense
53
51
246
176
Net Income
242
255
1,002
947
Loss attributable to noncontrolling interests
(47)
(10)
(69)
(56)
Net Income Attributable to CMS Energy
289
265
1,071
1,003
Preferred stock dividends
3
3
10
10
Net Income Available to Common Stockholders$286
$262
$1,061
$993
Diluted Earnings Per Average Common Share$0.94
$0.87
$3.53
$3.33 CMS ENERGY CORPORATION
Summarized Consolidated Balance Sheets
(Unaudited)
In Millions
As of
12/31/25
12/31/24Assets
Current assets
Cash and cash equivalents
$509
$103Restricted cash and cash equivalents
106
75Other current assets
2,857
2,612Total current assets
3,472
2,790Non-current assets
Plant, property, and equipment
30,680
27,461Other non-current assets
5,789
5,669Total Assets
$39,941
$35,920
Liabilities and Equity
Current liabilities (1)
$2,592
$2,261Non-current liabilities (1)
8,740
8,345Capitalization
Debt and finance leases (excluding securitization debt) (2)
18,313
15,866Preferred stock and securities
224
224Noncontrolling interests
567
518Common stockholders' equity
8,920
8,006Total capitalization (excluding securitization debt)
28,024
24,614Securitization debt (2)
585
700Total Liabilities and Equity
$39,941
$35,920(1)Excludes debt and finance leases.
(2)Includes current and non-current portions. CMS ENERGY CORPORATIONSummarized Consolidated Statements of Cash Flows(Unaudited)
In Millions
Twelve Months Ended
12/31/25
12/31/24
Beginning of Period Cash and Cash Equivalents, Including Restricted Amounts
$178
$248
Net cash provided by operating activities
2,235
2,370Net cash used in investing activities
(4,038)
(3,054)Cash flows from operating and investing activities
(1,803)
(684)Net cash provided by financing activities
2,240
614
Total Cash Flows
$437
$(70)
End of Period Cash and Cash Equivalents, Including Restricted Amounts
$615
$178 CMS ENERGY CORPORATION
Reconciliation of GAAP Net Income to Non-GAAP Adjusted Net Income
(Unaudited)
In Millions, Except Per Share Amounts
Three Months Ended
Twelve Months Ended
12/31/25
12/31/24
12/31/25
12/31/24
Net Income Available to Common Stockholders$286
$262
$1,061
$993Reconciling items:
Disposal of discontinued operations (gain) loss
-
*
-
* Tax impact
-
(*)
-
(*)Other exclusions from adjusted earnings**
5
*
19
6Tax impact
(1)
(*)
(5)
(1)State tax policy change
(*)
-
12
-Voluntary separation program
-
-
-
* Tax impact
-
-
-
(*)
Adjusted net income – non-GAAP$290
$262
$1,087
$998
Average Common Shares Outstanding - Diluted
305.8
298.7
301.0
298.3
Diluted Earnings Per Average Common Share
Reported net income per share$0.94
$0.87
$3.53
$3.33Reconciling items:
Disposal of discontinued operations (gain) loss
-
*
-
* Tax impact
-
(*)
-
(*)Other exclusions from adjusted earnings**
0.01
*
0.05
0.01Tax impact
(*)
(*)
(0.01)
(*)State tax policy change
(*)
-
0.04
-Voluntary separation program
-
-
-
* Tax impact
-
-
-
(*)
Adjusted net income per share – non-GAAP$0.95
$0.87
$3.61
$3.34*Less than $0.5 million or $0.01 per share.
**Includes business optimization initiative, major enterprise resource planning software implementations, and unrealized gains or losses from mark-to-market adjustments, recognized in net income related to NorthStar Clean Energy's interest expense.
Management views adjusted (non-Generally Accepted Accounting Principles) 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, business optimization initiative, major enterprise resource planning software implementations, changes in accounting principles, voluntary separation program, changes in federal and state tax policy, regulatory items from prior years, unrealized gains or losses from mark-to-market adjustments, recognized in net income related to NorthStar Clean Energy's interest expense, or other items. The adjusted earnings should be considered supplemental information to assist in understanding our business results, rather than as a substitute for reported earnings.
View original content to download multimedia:https://www.prnewswire.com/news-releases/cms-energy-exceeds-earnings-guidance-in-2025-raises-2026-adjusted-eps-guidance-302679615.htmlSOURCE CMS Energy
Original: CMS Energy Exceeds Earnings Guidance in 2025, Raises 2026 Adjusted EPS Guidance
US Market News
4月前
Consumers Energy Connecting with Customers After Brutal Cold Drives Up Energy Use and BillsFebruary 2, 2026 1:31 PM
PR Newswire (US)
JACKSON, Mich., Feb. 2, 2026 /PRNewswire/ -- On the heels of last week's brutal cold spell, Consumers Energy is reaching out today to customers who will see higher bills arrive over the next few weeks. We know higher bills can create stress — and we want every customer to be prepared and supported.
Households that Consumers Energy serves used 25% more natural gas last month compared to January 2025. That's just through just the first 20 days of the month, before Michigan endured sub-zero temperatures and the coldest weather this decade. Electric usage also is higher."We know furnaces had to run much more often to cope with January's chill, and that can be tough," said Lauren Snyder, Consumers Energy's senior vice president and chief customer officer."That's why today we are making sure that people know we're here for them. We will be connecting with our customers this entire month to make sure they understand their bills, take steps to save and get connected right away if they're struggling to make ends meet."Helping customers stay warm and supported is Consumers Energy's #1 priority today and the rest of this season. With electric and natural gas usage up this winter, the company will be reaching out to people who are struggling with bills and still coping with the cold:Our community affairs teams have been delivering food, hats, gloves and hand warmers to warming shelters and nonprofits statewide in communities such as Lansing, Flint, Saginaw, Westland, Kalamazoo and Jackson.Consumers Energy is sending out emails to all customers statewide with tips to save and information on where to turn to help.The company last month provided $5 million to 11 nonprofit organizations that are actively helping people with energy bills.Consumers Energy is identifying customers whose bills may be the most affected by the cold, and planning more direct outreach that helps them make payments and reduce energy use to lower future bills.If you're worried about a higher bill, please don't wait — we're here and ready to help. Consumers Energy urges people to contact 2-1-1 to connect with nonprofits for financial help and resources. Any Consumers Energy customer can learn about help to lower their bills at ConsumersEnergy.com/assistance or call us at 800-477-5050.Consumers Energy has been able to ensure its electric and natural gas systems are serving Michigan through this winter's weather. With the electric grid enduring the cold, nearly 70 coworkers deployed to Mississippi to restore power after a major storm there."This winter has been incredibly challenging for Michigan, and those challenges won't go away even as the temperature increases by a few degrees," Snyder said. "We're committed to keeping our costs down and to helping our friends and neighbors any way we can through the rest of this winter."Consumers Energy is Michigan's largest energy provider, providing natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties. We are committed to delivering reliable and affordable energy to our customers 24/7. Learn more at ConsumersEnergy.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/consumers-energy-connecting-with-customers-after-brutal-cold-drives-up-energy-use-and-bills-302676618.htmlSOURCE Consumers Energy
Original: Consumers Energy Connecting with Customers After Brutal Cold Drives Up Energy Use and Bills
US Market News
4月前
Consumers Energy Shields Customers from Michigan's Worst Weather in GenerationsJanuary 29, 2026 3:18 PM
PR Newswire (US)
JACKSON, Mich., Jan. 29, 2026 /PRNewswire/ -- Consumers Energy delivered meaningful reliability improvements for nearly 2 million Michigan homes and businesses in 2025 even as the state faced some of the harshest and most destructive weather in generations. Despite 20% more weather–driven outage events, proactive work reduced customer impacts by 130,000 outages at their homes and businesses, and improved storm forecasting and planning generated $15 million in savings. These results highlight the impact of the company's ongoing investments in a smarter, stronger grid and enhanced storm response through the Reliability Roadmap — performance that continues to prove itself as Michigan faces more bad weather in 2026.
"Recently, extreme weather has tried to test our grid in unprecedented ways," said Greg Salisbury, senior vice president and president of electric distribution. "Even with some of the most intense ice, wind and tornado activity we've ever seen — and the extreme cold and heavy snow that has hit Michigan already this year — our system held strong. Our continued investments and our commitment to being prepared and ready to respond helped us deliver real, lasting progress for our customers when they needed it most." It was a record–breaking weather year across Michigan, marked by historic storms and extreme conditions that tested communities statewide. Two ice storms including one in late March that became Northern Michigan's worst since 1922. Michigan recorded 33 confirmed tornadoes, tying 1973 for the third–highest total on record. Seven thunderstorm-related wind gusts over 75 mph were reported, the greatest number of such extreme wind reports in two decades. Even with significantly tougher weather in 2025, Consumers Energy delivered stronger reliability compared to before we launched the Reliability Roadmap in 2023. Outage events, a key indicator of system damage, rose nearly 20% yet customers experienced 130,000 less outages thanks to grid–hardening efforts and increased system automation. Enhanced weather forecasting and outage predictions combined with strategic pre–planning also produced $15 million in savings, reducing both outage duration and overall impact. "These results reflect a year of learning, discipline and preparation," said Norm Kapala, vice president of grid operations restoration and work management. "Our teams refined our storm planning approach, strengthened our forecasting tools and streamlined our response strategy. That work is improving reliability and importantly, it's also saving customers money. It reinforces a simple truth: victory favors the prepared. When we plan, our customers benefit twice with fewer outages and lower costs." Throughout 2025, Consumers Energy accelerated grid–modernization efforts, including targeted upgrades, enhanced line clearing, and advanced storm–preparedness strategies. Crews installed more smart–grid automation, used infrared and robotic inspection tools to detect issues early, and strengthened infrastructure to withstand severe ice, high winds and fast–moving tornado outbreaks. "Every mile of line cleared, every new pole or technology installed and every weather system monitored helps shield our customers from storms that would have caused far more disruption just a few years ago," Kapala said. "Our teams are dedicated to strengthening this system day after day so that when the weather turns fierce, our customers can count on us." Consumers Energy remains focused on its long–term reliability goals, including reducing outages during severe weather and restoring power to all customers within 24 hours. The progress made during 2025, despite historically extreme conditions, reflects a significant step forward. Consumers Energy is Michigan's largest energy provider, providing natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties. We are committed to delivering reliable and affordable energy to our customers 24/7.Learn more at ConsumersEnergy.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/consumers-energy-shields-customers-from-michigans-worst-weather-in-generations-302674448.htmlSOURCE Consumers Energy
Original: Consumers Energy Shields Customers from Michigan's Worst Weather in Generations
US Market News
4月前
Despite Winter Chill, Consumers Energy Connects Customers to Dollars to Reduce Heating CostsJanuary 27, 2026 11:00 AM
PR Newswire (US)
Over $100 Million Statewide to Help Pay Bills in 2026JACKSON, Mich., Jan. 27, 2026 /PRNewswire/ -- As Michiganders battle this week's winter chill, Consumers Energy is connecting customers to help with heating bills. Consumers Energy last year helped over 140,000 customers obtain $60 million to pay energy bills. We are working with customers now to get even more assistance to them – over $100 million is available statewide – in the new year.
"Our energy assistance team is dedicated to the safety and well-being of our customers, and that starts with making sure they have access to every available dollar to keep costs down," said Lauren Snyder, Consumers Energy's senior vice president and chief customer and growth officer. "Our company is putting money on the table and working with nonprofits to connect people with federal, state and private dollars that will help people today."Consumers Energy this month announced $5 million in new support to help customers pay bills. In November, the Consumers Energy Foundation also provided $250,000 to support the Food Bank Council of Michigan.This winter, with temperatures below zero, our energy assistance team is actively connecting people with resources to help pay bills.How can customers get help? Snyder suggested the following:Call 2-1-1. This free service links Michiganders to assistance in their community, not only to help with energy bills, but also to address many essential needs, from housing costs to food to medical bills.Apply for emergency relief. If your bill is past due or you have a shut-off notice, apply for State Emergency Relief here: Michigan.gov/MIBridgesFind resources through ConsumersEnergy.com/assistance. Consumers Energy provides benefits for customers in all situations, from home energy assessments to save energy to a monthly budget plan to make bills more predictable, from help for military veterans to bill credits for seniors. Take action today.Consumers Energy is committed to customers through this winter chill and in all seasons. The price that households pay for natural gas remains historically low, over 25% below the national average."Our customers are facing real pressure in their everyday lives, and we are committed to standing with them and helping them find solutions," Snyder said. "When our customers are making hard choices at the kitchen table, energy should not be one of them."Consumers Energy is Michigan's largest energy provider, providing natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties. We are committed to delivering reliable and affordable energy to our customers 24/7. Learn more at ConsumersEnergy.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/despite-winter-chill-consumers-energy-connects-customers-to-dollars-to-reduce-heating-costs-302670769.htmlSOURCE Consumers Energy
Original: Despite Winter Chill, Consumers Energy Connects Customers to Dollars to Reduce Heating Costs
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