Analyst Report: CMS Energy Corporation

Summary

CMS Energy is a Michigan-based holding company with electric and natural gas utilities. It is the parent holding company of several subsidiaries, including Consumers, an electric and gas utility, and NorthStar Clean Energy, primarily a domestic independent power producer. Consumers owns and operates electric distribution and generation facilities and gas transmission, storage and distribution facilities serving 6.8 million of Michigan’s 10.0 million residents. The company’s rates and other aspects of its business are subject to the jurisdiction of the MPSC and FERC. The company has approximately 8,600 employees. The shares are a component of the S&P 500.

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