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CMS Energy
CMS Energy

Energy / Utilities and Energy Services

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Overview
CMS Energy is a publicly-traded energy company based in Jackson, Michigan. It was established in 1886 as the Consumers Power Company and has since grown to become one of the largest electric and natural gas utilities in the United States.
CMS Energy serves over 6 million customers across Michigan through its two utility subsidiaries, Consumers Energy and CMS Enterprises. The company provides energy generation, transmission, and distribution services, as well as energy management solutions and renewable energy options.
In addition to its utility services, CMS Energy also has non-utility subsidiaries focused on energy services and trading, including EnerBank USA, a national home improvement lender, and EnerBank GreenSky, a technology company that provides financing for consumer purchases, primarily in the home improvement sector.
CMS Energy is committed to sustainability and has set a goal to reduce carbon emissions by 90% by 2040. The company has also implemented various energy efficiency programs to help customers reduce their energy consumption and save money. CMS Energy has received numerous awards for its commitment to sustainability and corporate responsibility.
As of 2021, the company has over 8,500 employees and reported annual revenues of $7.8 billion.
What is special about the company?
1. Significant Presence in the Energy Industry: CMS Energy is a major player in the energy industry, specifically in the areas of electric and natural gas utilities. The company serves millions of customers in Michigan through its subsidiaries, Consumers Energy and CMS Enterprises.
2. Commitment to Renewable Energy: CMS Energy is committed to reducing its carbon footprint and promoting sustainability. The company has set a goal to generate 40% of its energy from renewable sources by 2040 and has invested in various renewable energy projects, such as wind and solar farms.
3. Strong Financial Performance: CMS Energy has a strong financial track record, with consistent growth and solid earnings. The company also has a healthy balance sheet, giving it the ability to invest in future projects and acquisitions.
4. Employee Development and Diversity: CMS Energy values its employees and is committed to their development and well-being. The company has various programs and initiatives in place to promote diversity and inclusion, as well as opportunities for career growth and training.
5. Community Involvement: CMS Energy is an active member of the communities it serves, supporting various social, environmental, and economic initiatives. The company also has a strong focus on improving the quality of life for its customers through programs like energy assistance and conservation.
6. Reliability and Customer Satisfaction: CMS Energy has a strong track record of providing reliable electric and natural gas services to its customers. The company consistently ranks highly in customer satisfaction surveys and has received numerous awards for its commitment to customer service.
7. Innovation and Technology: CMS Energy is continuously seeking ways to improve its operations and services through innovation and advanced technology. The company has invested in smart grid technology and continues to explore new ways to deliver energy more efficiently and sustainably.
Overall, CMS Energy is a well-respected energy company that is dedicated to its customers, employees, and the communities it serves. Its commitment to sustainability, reliability, and innovation sets it apart from other companies in the energy industry.
What the company's business model?
The CMS Energy company's business model revolves around providing energy and related services to customers in Michigan. This includes generating and supplying electricity and natural gas, as well as offering energy management and energy efficiency solutions.
The company's primary sources of revenue are its electricity and natural gas sales to residential, commercial, and industrial customers. It also earns money through various energy services, such as energy efficiency consulting, renewable energy projects, and natural gas pipeline and storage services.
CMS Energy has a vertically-integrated business model, meaning it owns and operates all aspects of the energy supply chain, from generation to delivery. This allows the company greater control over its operations and helps ensure reliable and affordable energy for its customers.
In recent years, CMS Energy has also been expanding its focus on renewable energy and clean technology. This includes investing in wind and solar energy projects, as well as exploring new technologies and partnerships to reduce carbon emissions and promote sustainable energy solutions.
Additionally, the company has a strong emphasis on customer service and community involvement, aiming to build long-term relationships and contribute positively to the communities it serves. This has been a key factor in the company's success and growth over the years.
Interesting facts about the company
1. CMS Energy is a publicly traded energy company that was founded in 1886 as the City of Jackson Water, Light and Power Company.
2. The company’s headquarters are located in Jackson, Michigan, and it operates primarily in the Great Lakes region.
3. CMS Energy provides electricity and natural gas to more than 6 million customers in Michigan and across several other states.
4. The company is the parent company of the utility and energy subsidiaries Consumers Energy and CMS Enterprises.
5. Consumers Energy is the largest subsidiary of CMS Energy and is the primary provider of electricity and natural gas in Michigan.
6. CMS Energy is committed to clean energy and has set a goal to reduce carbon emissions by 80% and become net-zero carbon by 2040.
7. The company is also investing in renewable energy sources such as wind and solar power, and has plans to retire all of its coal plants by 2040.
8. CMS Energy has been recognized for its commitment to sustainability and has been named as one of the “World’s Most Ethical Companies” by Ethisphere for eight consecutive years.
9. The company also has a strong focus on diversity and inclusion and has been named as a “Best Place to Work for LGBTQ Equality” by the Human Rights Campaign for five consecutive years.
10. In addition to providing energy services, CMS Energy is also involved in community outreach and has a foundation that supports local non-profit organizations in Michigan.
11. The company has a partnership with the University of Michigan Energy Institute to fund research and innovation in the energy field.
12. CMS Energy was one of the first energy companies to implement a renewable energy program, allowing customers to choose to have electricity from renewable sources.
13. The company has received numerous awards for its customer service, including being named as one of the Top Utilities in the nation for customer satisfaction by J.D. Power.
14. CMS Energy has a strong commitment to employee safety and has been recognized for its safety initiatives, including being named as a “National Safety Council Honor Recipient.”
15. In 2020, CMS Energy was ranked as one of Forbes’ “America’s Best Employers for Diversity” and “America’s Best-in-State Employers.”
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