CMS Energy Corp
CMSEnergy is an energy company operating primarily in Michigan. It is the parent holding company of several subsidiaries, including Consumers and Enterprises. "Consumers" is a combination electric and gas utility company serving Michigan’s Lower Peninsula. "Enterprises", through its subsidiaries and equity investments, is engaged primarily in domestic independent power production. CMS Energy operates principally in three business segments: electric utility, gas utility, and enterprises. (2008 10K)
1. Natural Gas - has the lowest carbon to hydrogen ratio making it the cleanest of fossil fuels.
2. About 4 percent of the electricity they supply to homes and businesses comes from hydroelectric generation and other renewable sources such as wind, biomass and anaerobic digesters.1
1. Environment section on website; CMS believes the economy, sustainable energy policy & solid economy are tightly linked (they call them the "3 E's") Received the Advocacy Excellence Award for its "3 E's" campaign. Environmental Stewardship subsection on website - ISO 14001 environmental management systems; member of Michigan Clean Corporate Citizens, the state's highest honor for volunteer environmental programs from the Michigan Dpt. of Environmental Quality. Reduces landfill waste by using fuels from biomass (cotton gin waste, poultry waste, wood), waste rubber chips & tires in the company's electric generating fleet. Received Power Plant Hall of Fame award for their innovative plant design of its wastewater system and for using waste wood to produce energy1, 2.
- 1. http://www.cmsenergy.com/landing.aspx?folderid=110|Environment
- 2. http://www.cmsenergy.com/content.aspx?id=404
1. Coal power generation - "Consumers", one of the main subsidiaries of CMS Energy primarily generates electricity from coal. Of the amount of energy obtained from Consumers-owned generation, 95 percent come from coal-based power plants. Consumers plans to continue its planned investments in new coal-based power generation plants. It also relies on oil as a source of power generation. Until 2007, nuclear power was the 2nd highest source of power generation after coal1.
2. "About 40 percent of our power comes from renewable sources, natural gas and nuclear."2
3. Energy trading scandal in 2000 & 2001 to overstate revenues by $5B; agreed to pay $28M on 3/3/06 in cash to current/former employes who suffered losses in the company's stock held in 401(k) plans3. Executives involved were charged and fined; 3/17/044.
- 1. 2008 10k Pages 12 and 25 - http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzM0NDcwfENoa...
- 2. CEO's note to the shareowners, 2008 10k - http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzM0NDcwfENoa...
- 3. http://securities.stanford.edu/news-archive/2006/20060303_Settlement1013...
- 4. http://www.sec.gov/news/press/2004-38.htm
HQ in Jackson, MI
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