Cms Energy Corporation
CMS Energy is an integrated energy company with a business strategy focused primarily
in Michigan. We are the parent holding company of Consumers and Enterprises. Consumers
is a combination electric and gas utility company serving Michigan's Lower Peninsula.
Enterprises, through subsidiaries, is engaged in domestic and international diversified
energy businesses including: independent power production; natural gas transmission,
storage and processing; and energy services. We manage our businesses by the nature
of services each provides and operate principally in three business segments:
electric utility, gas utility, and enterprises.
We earn our revenue and generate cash from operations by providing electric
and natural gas utility services, electric power generation, gas transmission,
storage, and processing, and other energy-related services. Our businesses are
affected by weather, especially during the key heating and cooling seasons,
economic conditions, particularly in Michigan, regulation and regulatory issues
that primarily affect our gas and electric utility operations, interest rates,
our debt credit rating, and energy commodity prices.
Our strategy involves rebuilding our balance sheet and refocusing on our core
strength: superior utility operation. Over the next few years, we expect this
strategy to reduce our parent company debt substantially, improve our debt ratings,
grow earnings at a mid-single digit rate, restore a meaningful dividend, and
position the company to make new investments consistent with our strengths.
In the near term, our new investments will focus on the utility.
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