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

Delayed Quote. Delayed  - 09/30 10:02:33 pm
42.01 USD   -0.71%
09/30 CONSUMERS ENERG : Works with Michigan Food Banks to Provide Up to 75..
09/22 CMS ENERGY : Consumers Energy Highlights Messages from Michigan Elem..
09/21 CMS ENERGY : Consumers Energy Expanding Electric Line Workforce
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Consumers Energy : Works with Michigan Food Banks to Provide Up to 75,000 LED Bulbs to Michigan Families

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09/30/2016 | 12:01pm CEST

GRAND RAPIDS, Mich., Sept. 30, 2016 /PRNewswire/ -- Consumers Energy announced today that it will provide up to 75,000 high-efficiency LED bulbs to Michigan families through food banks in October.

Consumers Energy is making the contribution as part of its month-long "Buy a Bulb, Give a Bulb" promotion, which starts Saturday with an event in Grand Rapids that is part of the nationwide 2016 ENERGY STAR® Change the World Tour. For every LED bulb that's purchased at participating retailers, the energy provider will donate an LED bulb to food banks through Feeding America West Michigan.

"We are committed to helping people save energy and to giving back to the communities we serve," said Tim Sparks, Consumers Energy's vice president of energy supply operations. "Energy-efficient LED bulbs reduce costs for Michigan households, allowing them to put their money toward warming their homes as temperatures start to fall."

Consumers Energy this year received ENERGY STAR's Partner of the Year - Sustained Excellence Award for its work to reduce Michigan residents' energy use, the fourth time the energy provider has been honored. Michigan homes and businesses have saved over $1 billion on their energy bills since 2009 through Consumers Energy's energy efficiency programs.

In addition to using up to 90 percent less energy than traditional incandescent bulbs, ENERGY STAR-certified LED bulbs last much longer.

"Everyone can join us in brightening a life with ENERGY STAR," said Ann Bailey, chief of the U.S. Environmental Protection Agency's, ENERGY STAR Labeling Branch. "Each purchase of an ENERGY STAR-certified LED bulb saves you money and makes a difference for the planet, but this October it can also improve the life of someone in need."

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

About Feeding America West Michigan: Serving local families in need since 1981, Feeding America West Michigan reclaims safe surplus food from farmers, manufacturers, distributors and retailers. Feeding America West Michigan distributes that food through a network of more than 1,100 food pantries, youth programs and other hunger-relief agencies in 40 counties from the Indiana border through the Upper Peninsula.

For more information about Consumers Energy, go to www.ConsumersEnergy.com.

Check out Consumers Energy on Social Media:
Facebook: https://www.facebook.com/consumersenergymichigan
Twitter: https://twitter.com/consumersenergy
YouTube: https://www.youtube.com/user/consumersenergy
Flickr: https://www.flickr.com/photos/consumersenergy

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/consumers-energy-works-with-michigan-food-banks-to-provide-up-to-75000-led-bulbs-to-michigan-families-300337028.html

SOURCE Consumers Energy

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Financials ($)
Sales 2016 6 845 M
EBIT 2016 1 274 M
Net income 2016 559 M
Debt 2016 9 252 M
Yield 2016 2,93%
P/E ratio 2016 20,99
P/E ratio 2017 19,42
EV / Sales 2016 3,08x
EV / Sales 2017 3,02x
Capitalization 11 840 M
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Mean consensus HOLD
Number of Analysts 15
Average target price 45,3 $
Spread / Average Target 7,1%
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Managers
NameTitle
Patricia K. Poppe President, Chief Executive Officer & Director
John G. Russell Chairman
Thomas J. Webb Chief Financial Officer & Executive Vice President
Brian F. Rich Chief Information Officer
Jon E. Barfield Independent Director
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