Profile: CMS Energy Corp (CMS.N)
23 Sep 2016
CMS Energy Corporation (CMS Energy), incorporated on February 26, 1987, is an energy company operating primarily in Michigan. The Company operates in three segments, which include Consumers Electric Utility, Consumers Gas Utility and Enterprises (non-utility operations and investments). CMS Energy, through its subsidiaries and equity investments, is engaged primarily in independent power production and owns power generation facilities fueled by natural gas and biomass. The Company's other business includes EnerBank USA (EnerBank), which is a Utah state-chartered, Federal Deposit Insurance Corporation (FDIC)-insured industrial bank providing unsecured consumer installment loans for financing home improvements. The Company's subsidiaries include Consumers Energy Company (Consumers), which is an electric and gas utility company and CMS Enterprises Company (CMS Enterprises), which is a domestic independent power producer.
Consumers Electric Utility
The Company's Consumers Electric Utility operations include the generation, purchase, distribution and sale of electricity. Consumers electric utility segment's customers include residential, commercial and diversified industrial customers in Michigan's Lower Peninsula. The Company's electric deliveries are over 40 billion kilowatt-hour, which include retail open access (ROA) deliveries of approximately four billion kilowatt-hour. Its distribution system includes over 430 miles of high-voltage distribution radial lines operating at approximately 120 kilovolts or above; over 4,250 miles of high-voltage distribution overhead lines operating at approximately 50 kilovolts and 70 kilovolts; over 20 miles of high-voltage distribution underground lines operating at approximately 50 kilovolts; over 56,020 miles of electric distribution overhead lines, and over 10,380 miles of underground distribution lines. The electric utility properties also include substations with an aggregate transformer capacity of over 20 million kilovolt-amps (kVA).
Consumers Gas Utility
The Company's Consumers Gas Utility operations include the purchase, transmission, storage, distribution and sale of natural gas. The Consumers gas utility segment's customers include residential, commercial and diversified industrial customers in Michigan's Lower Peninsula. The deliveries of natural gas, including off-system transportation deliveries, through the Company's pipeline and distribution network is over 360 billion cubic feet, which include gas customer choice (GCC) deliveries of approximately 60 billion cubic feet. Its gas transmission, storage and distribution system consists of over 27,540 miles of distribution mains; approximately 1,690 miles of transmission lines, and over seven compressor stations with a total of approximately 157,940 installed and available horsepower. The Company's Gas utility properties also include over 15 gas storage fields with a total storage capacity of approximately 310 billion cubic feet and a working gas volume of over 150 billion cubic feet.
The Company's enterprises segment, through subsidiaries and equity investments, is engaged in domestic independent power production and the marketing of independent power production. CMS Energy has ownership interests in independent power plants totaling approximately 1,780 gross Megawatts (MW) or 1,080 net Megawatts. CMS Energy Resource Management (CMS ERM) purchases and sells energy commodities in support of CMS Energy's generating facilities. CMS ERM markets over eight billion cubic feet of natural gas and approximately 4,580 gigawatt hour of electricity.
CMS Energy Corp
1 Energy Plaza Dr
JACKSON MI 49201-2357