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Consumers Energy : Offers Suggestions and Programs to Help Households Cut Down on Summer Energy Costs

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05/30/2017 | 12:01pm CEST

JACKSON, Mich., May 30, 2017 /PRNewswire/ -- With summer on the way, Consumers Energy is offering energy-saving suggestions and programs to help Michigan households lower their monthly energy use.

"From our Peak Power Savers program to taking everyday actions around the house, Michigan residents should know they can be in control of their energy use and still stay comfortable, even on the summer's hottest days," said Teri VanSumeren, Consumers Energy's executive director of energy efficiency programs.

New for Consumers Energy customers this year is its Peak Power Savers program, which provides new pricing options for households with central air to lower energy bills:

    --  Sign up for rates that reward them financially for shifting their energy
        use to off-peak times. They can pay a lower rate during off-peak hours
        all year long and can save even more on the days when energy use is
        expected to be extremely high.
    --  Allow their air conditioning units to be cycled at certain times on the
        hottest weekdays of the year, typically four hours or less. Customers
        receive a $25 gift card for signing up and a monthly credit of $7.84 on
        their energy bill June through September.

Consumers Energy offers a variety of energy efficiency programs that in some cases can lower a household's summer energy bill by as much as 20 percent. VanSumeren offered seven tips to help reduce summer energy use. Learn more at www.ConsumersEnergy.com/myhome:

    1. If you have central air conditioning, clean leaves and debris from the
       unit and away from the compressor because they can block airflow. Clean
       the filter regularly. Dusty filters make your air conditioner work
       harder.
    2. Set your thermostat at 78 degrees when you're home and higher when you're
       away. Install an automatic setback or programmable thermostat that starts
       your air conditioner shortly before you get home. Consumers Energy offers
       rebates of up to $100 on Wi-Fi enabled thermostats.
    3. Close drapes, shades and blinds during the day to prevent the sun from
       heating your home unnecessarily. Open windows and doors in early morning
       and in the evening to let cooler air in.
    4. Make sure to seal and insulate your home. Reducing air leakage can be
       just as important to keep cool in the summer as to stay warm in the
       winter. Information about rebates for air sealing, insulation and windows
       is available at www.ConsumersEnergy.com/myhome or by calling
       866-234-0445.
    5. Operate your stove, oven, dishwasher and clothes dryer in the morning or
       evening when it's cooler outside. They add extra heat to your home and
       make your air conditioner work harder.
    6. Keep cool with fans. A ceiling fan cools fast and costs less than air
       conditioning. You can also reduce the need for air conditioning by
       installing an attic fan.
    7. Replace or tune up your old air conditioning equipment and receive
       rebates ranging from $50 to $500. Go to www.ConsumersEnergy.com/myhome or
       call 866-234-0445 to choose a participating contractor, who will install
       equipment, perform tune-ups and submit the rebate application for you.

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.

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

Media toolkit

NEW PROGRAM: Consumers Energy residential customers with upgraded meters can enroll in Peak Power Savers: www.PeakPowerSavers.com

HOUSEHOLDS: Learn about energy efficiency programs and rebates: www.ConsumersEnergy.com/myhome

BUSINESSES: Learn about energy efficiency programs and rebates: www.ConsumersEnergy.com/mybusiness

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-offers-suggestions-and-programs-to-help-households-cut-down-on-summer-energy-costs-300464786.html

SOURCE Consumers Energy

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Financials ($)
Sales 2017 6 702 M
EBIT 2017 1 361 M
Net income 2017 610 M
Debt 2017 9 677 M
Yield 2017 2,80%
P/E ratio 2017 21,84
P/E ratio 2018 20,41
EV / Sales 2017 3,43x
EV / Sales 2018 3,41x
Capitalization 13 296 M
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 46,9 $
Spread / Average Target -1,1%
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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
Thomas J. Webb Vice Chairman
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