CMS Energy Corporation - CMS STOCK NEWS

Consumers Energy (CMS) is intensifying its efforts to enhance power reliability by clearing trees along over 7,000 miles of power lines in 2024. This initiative is part of the company's Reliability Roadmap, aimed at reducing outages and improving service. The strategy involves:

1. Prioritizing circuits prone to vegetation-related outages
2. Implementing a seven-year plan for tree clearing across high and low-voltage lines
3. Projecting to maintain the 7,000+ miles per year clearing rate

This aggressive approach, started three years ago, is a key component of Consumers Energy's goal to reduce power outages and restore service within 24 hours, regardless of circumstances. The company serves 6.8 million Michigan residents and emphasizes the critical role of forestry work in improving electric service reliability.

CMS Energy's Board of Directors has declared a quarterly dividend of 51.50 cents per share on the company's common stock. The dividend is payable on August 30, 2024, to shareholders of record as of August 2, 2024. CMS Energy, traded on the NYSE under the symbol CMS, is a Michigan-based energy company with Consumers Energy as its primary business. The company also operates independent power generation businesses. Shareholders can find additional dividend information, including tax status, in the Tax Information section of CMS Energy's website.

NorthStar Clean Energy, a leading innovator in renewable energy and decarbonization, has announced the relocation of its corporate headquarters to Ann Arbor, Michigan. This strategic move aims to leverage the city's innovative sustainability community and attract top-tier business partners and talent. The new headquarters, situated in Ann Arbor's technology and innovation area, will serve as the central hub for NorthStar's operations, research, and development.

President Brian Hartmann emphasized Ann Arbor's strong commitment to sustainability and vibrant community as key factors in the decision. NorthStar plans to create local job opportunities, collaborate with local organizations, and support the Ann Arbor community. The relocation will be marked by a ribbon-cutting ceremony with the Ann Arbor / Ypsilanti Regional Chamber on July 16th, followed by an open house event.

Consumers Energy announced plans to power 1,500 new fast charging locations for electric vehicles (EVs) by the end of 2030. This expansion is part of their Transportation Electrification Plan, reflecting the company's commitment to supporting Michigan's EV growth. EV numbers in Michigan have tripled since 2020, and Consumers Energy has already provided over 135 rebates for public fast chargers. The upcoming plan includes new rebates for next-generation chargers powered by on-site batteries, enhancing installation speed and efficiency.

Consumers Energy's initiatives, including PowerMIDrive and PowerMIFleet, support home and public charging. They are also aiding multifamily residences, community charging, and Michigan school districts in transitioning to electric school buses. Over 90% of EV charging by Consumers Energy customers occurs outside peak times, reducing overall costs. This initiative aligns with the company's Clean Energy Plan aiming for net-zero carbon emissions and eliminating coal by 2025.

CMS Energy, a prominent Michigan-based energy company primarily operating through Consumers Energy, announced that it will release its 2024 second quarter results on July 25, 2024, at 9:30 a.m. EDT. The company will also provide an updated business and financial outlook during the webcast, which will be available on its official website. An audio replay of the webcast will be accessible approximately three hours after the live presentation and will remain archived for 30 days in the Investor Relations section of CMS Energy's website.

Consumers Energy has entered into an agreement with Jupiter Power to add 100 megawatts of battery storage, marking a significant step towards its goal of 550 megawatts of storage capacity by 2040. This initiative is part of Consumers Energy's Clean Energy Plan aimed at eliminating coal by 2025, achieving net-zero carbon emissions, and fulfilling 90% of energy needs through renewable sources like wind and solar. The new facility in Coldwater, developed with Jupiter Power, will complement existing storage systems in Michigan. Jupiter Power specializes in energy storage infrastructure and is developing over 11,000 MW of projects across the U.S.

Consumers Energy has appointed Angela D. Henderson as Vice President of Supply Chain, effective July 1. Angela joins from Ford Motor Co., where she held numerous leadership roles over 25 years, including positions in sourcing, purchasing, and strategic transformation. Her extensive experience includes managing global gas, autonomous, and electric vehicle programs, as well as diversity and sustainability initiatives. Angela holds a bachelor's degree in business, an MBA in Integrated Business Management, and a Graduate Certificate in Diversity Equity and Inclusion. Consumers Energy serves 6.8 million residents in Michigan.

Consumers Energy has provided tips to help Michigan residents stay cool and reduce energy bills during the state's first summer heatwave of 2024. Lauren Snyder, VP of Customer Experience, highlighted simple actions such as adjusting thermostats, using fans, and shifting energy use to off-peak hours. Consumers Energy is also giving away Google Nest thermostats to eligible households to further assist in energy savings. Additionally, resources are available for customers needing financial help with their energy bills. The company continues to meet the energy needs of nearly 2 million homes and businesses through a mix of natural gas, solar, wind, hydroelectric, and pumped storage power plants. Consumers Energy aims to eliminate coal by 2025 and achieve net-zero carbon emissions.

Consumers Energy recently released 24 young turtles, rescued during the Mid-Michigan Pipeline Project, back into their natural habitat. The release event involved children of Consumers Energy employees and highlights the company's commitment to sustainable construction practices. The turtles, from eggs of adult females relocated from the pipeline path, were incubated with help from Chelsea-based Herpetological Resource and Management (HRM) and Sea Life Michigan Aquarium. This project is part of Consumers Energy's broader efforts to protect wildlife and manage wetlands, which includes a $550 million pipeline replacement initiative expected to conclude this fall.