Profile: CMS Energy Corp (CMS.N)
14 Mar 2014
CMS Energy Corporation (CMS Energy) is an energy company operating primarily in Michigan. CMS Energy is the parent holding company of several subsidiaries, including Consumers Energy Company (Consumers) and CMS Enterprises Company (CMS Enterprises). Consumers is an electric and gas utility, and CMS Enterprises, primarily a domestic independent power producer. Consumers serves individuals and businesses operating in the alternative energy, automotive, chemical, metal, and food products industries, as well as a diversified group of other industries. CMS Enterprises, through its subsidiaries and equity investments, is engaged primarily in independent power production and owns power generation facilities fueled mostly by natural gas and biomass. CMS Energy operates in three business segments: electric utility, gas utility and enterprises, its non-utility operations and investments. EnerBank USA (EnerBank), a wholly owned subsidiary of CMS Energy, which provides unsecured consumer installment loans for financing home improvements.
CONSUMERS ELECTRIC UTILITY
Consumers’ electric utility operations include the generation, purchase, distribution, and sale of electricity. During the year ended December 31, 2011, Consumers’ electric deliveries were 38 billion kilowatt hour, which included Retail Open Access (ROA) deliveries of four billion kilowatt hour. Consumers’ distribution system includes 413 miles of high-voltage distribution radial lines operating at 120 kilovolts or above; ,244 miles of high-voltage distribution overhead lines operating at 23 kilovolts and 46 kilovolts; 17 miles of high-voltage distribution underground lines operating at 23 kilovolts and 46 kilovolts; 55,953 miles of electric distribution overhead lines; 10,112 miles of underground distribution lines, and substations with an aggregate transformer capacity of 24 million thousand volt-amperes.
At December 31, 2011, Consumers’ electric generating system consisted of coal generation, oil/gas/steam generation, hydroelectric and gas/oil combustion turbine. At December 31, 2011, Consumers had contracts to purchase coal through 2014. At December 31, 2011, Consumers had 86% of its 2012 expected coal requirements under contract, as well as a 41-day supply of coal on hand. During 2011, Consumers purchased 53% of the electricity it provided to customers through long-term power purchase agreements (PPAs), seasonal purchases, and the Midwest Energy Market. Consumers offers its generation into the Midwest Energy Market on a day-ahead and real-time basis and bids for power in the market to serve the demand of its customers. Consumers is a net purchaser of power and supplements its generation capability with purchases from the Midwest Energy Market to meet its customers’ needs during peak demand periods.
CONSUMERS GAS UTILITY
Consumers’ gas utility operations include the purchase, transmission, storage, distribution, and sale of natural gas. Consumers’ gas utility customer base consists of a mix of residential, commercial, and diversified industrial customers in Michigan’s Lower Peninsula. In 2011, deliveries of natural gas, including off-system transportation deliveries, through Consumers’ pipeline and distribution network, totaled 337 billion cubic feet of gas, which included Gas Customer Choice (GCC) deliveries of 48 billion cubic feet of gas. Consumers’ gas utility operations are seasonal. During 2011, 46% of the natural gas supplied to all customers during the winter months was supplied from storage.
Consumers’ gas distribution and transmission system located in Michigan’s Lower Peninsula consists of 26,623 miles of distribution mains; 666 miles of transmission lines; seven compressor stations with a total of 150,635 installed and available horsepower, and 15 gas storage fields with an aggregate storage capacity of 307 billion cubic feet of gas and a working storage capacity of 142 billion cubic feet of gas. In 2011, Consumers purchased 70% of the gas it delivered from United States producers and 10% from Canadian producers. The remaining 20% was purchased from authorized GCC suppliers and delivered by Consumers to customers in the GCC program.
CMS Energy’s enterprises segment, through various subsidiaries and certain equity investments, is engaged primarily in domestic independent power production and the marketing of independent power production. At December 31, 2011, CMS Energy had ownership interests in independent power plants totaling 1,135 gross megawatts or 1,034 net megawatts. CMS Energy Resource Management (ERM) purchases and sells energy commodities in support of CMS Energy’s generating facilities and continues to focus on optimizing CMS Energy’s independent power production portfolio. In 2011, CMS ERM marketed 17 billion cubic feet of natural gas and 2,417 gigawatt-hour of electricity.
CMS Energy Corp
ONE ENERGY PLAZA
JACKSON MI 49201