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NovusValue.com is not a broker or dealer, and none of its content represents recommendations to buy or sell securities. Information provided on the site is not intended as investment advice. Novus Value is not liable for damages from using its content, including investment losses. Past performance does not indicate future results, and information is not guaranteed for accuracy or completeness.CMS Energy, founded in Michigan in 1987, is a diversified energy company primarily engaged in the electric and natural gas utility sectors, serving 6.8 million customers across Michigan. The company operates through its subsidiary Consumers, which manages both electric and gas utility services, and NorthStar Clean Energy, which focuses on renewable energy production and marketing. CMS Energy's business is divided into three main segments: electric utility, gas utility, and non-utility operations such as independent power production with a strong emphasis on renewable sources.
With revenues of approximately $7.5 billion in 2023, CMS Energy significantly contributes to Michigan's energy infrastructure, providing both residential and commercial customers with reliable electricity and natural gas. The company is committed to sustainable energy solutions, as exemplified by its Clean Energy Plan, which aims for 90% of customer energy needs to be met through clean sources by 2040. This strategic focus, alongside ongoing environmental initiatives, positions CMS Energy as a leader in the transition towards a low-carbon energy future in Michigan.
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