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4-Traders Homepage  >  Equities  >  Nyse  >  CMS Energy Corporation    CMS

CMS ENERGY CORPORATION (CMS)
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CMS Energy : Consumers Energy Restoration Continues Following Powerful Wind Storm

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12/07/2017 | 03:24pm CET

Consumers Energy crews have restored power to more than 65,000 customers whose electric service was interrupted by strong winds last night and throughout today, well over half those impacted by the storm.

'We've mobilized a robust work force from our service territories across the state to support local crews and contractors in northern Michigan areas hardest hit by the wind storm and made great progress today in restoring power quickly and safely to our customers,' said Guy Packard, Consumers Energy's vice president of electric operations. 'We appreciate the patience of our customers and are committed to continuing our relentless work until the lights are on for all our residential and business customers.'

Over 1,200 employees and contract workers are involved in safely restoring customers' power. Consumers Energy estimates all affected customers will be restored by 11:30 p.m. Wednesday.

As of 4 p.m., about 44,000 homes and businesses that Consumers Energy serves were without power. Most of the more than 110,000 total customers who have lost electric service since the beginning of the wind storm live in northern Michigan.

The public's safety is paramount as restoration work continues. Consumers Energy reminds everyone: Stay at least 25 feet away from downed power lines. Call 9-1-1 and Consumers Energy at 800-477-5050 to report downed wires.

Operating a generator may produce hazardous levels of carbon monoxide, an odorless, colorless and deadly gas. Never use a generator in an attached garage, basement or near any air intakes, and never fuel a generator when it is running.

Be alert to crews working along roads and 'slow down and go around.' Drivers should slow down or stop and wait for oncoming traffic to clear then safely pass workers on roadsides.

Because temperatures are dropping, we ask our customers to reach out to family, friends and neighbors who may be impacted by this storm and make sure they are safe.

Consumers Energy, Michigan's largest energy provider, is the principal subsidiary of CMS Energy (NYSE: CMS), providing natural gas and/or electricity to 6.7 million of the state's 10 million residents in all 68 Lower Peninsula counties.

Media Contact:

Roger Morgenstern

Tel: 616-530-4364

(C) 2017 Electronic News Publishing, source ENP Newswire

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Financials ($)
Sales 2017 6 574 M
EBIT 2017 1 343 M
Net income 2017 610 M
Debt 2017 10 294 M
Yield 2017 2,66%
P/E ratio 2017 22,98
P/E ratio 2018 21,42
EV / Sales 2017 3,71x
EV / Sales 2018 3,68x
Capitalization 14 068 M
Chart CMS ENERGY CORPORATION
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CMS Energy Corporation Technical Analysis Chart | CMS | US1258961002 | 4-Traders
Technical analysis trends CMS ENERGY CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 50,3 $
Spread / Average Target 0,93%
EPS Revisions
Managers
NameTitle
Patricia K. Poppe President, Chief Executive Officer & Director
John G. Russell Chairman
Rejji P. Hayes Chief Financial Officer & Executive Vice President
Brian F. Rich Chief Information Officer
Jon E. Barfield Independent Director
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