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UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13
OR 15(d) OF
THE SECURITIES
EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
April 20, 2022
| Commission |
|
Registrant; State of Incorporation; |
|
IRS Employer |
| File Number |
|
Address; and Telephone Number |
|
Identification No. |
| |
|
|
|
|
| 1-9513 |
|
CMS ENERGY CORPORATION
(A Michigan Corporation)
One Energy Plaza
Jackson, Michigan 49201
(517) 788-0550 |
|
38-2726431 |
| |
|
|
|
|
| 1-5611 |
|
CONSUMERS ENERGY COMPANY
(A
Michigan Corporation)
One Energy Plaza
Jackson, Michigan 49201
(517) 788-0550 |
|
38-0442310 |
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange
on which registered |
| CMS Energy Corporation Common Stock, $0.01 par value |
|
CMS |
|
New York Stock Exchange |
| CMS Energy Corporation 5.625% Junior Subordinated Notes due 2078 |
|
CMSA |
|
New York Stock Exchange |
| CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078 |
|
CMSC |
|
New York Stock Exchange |
| CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 |
|
CMSD |
|
New York Stock Exchange |
| CMS Energy Corporation, Depositary Shares, each representing a
1/1,000th interest in a share of 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C
|
|
CMS PRC |
|
New York Stock Exchange |
| Consumers
Energy Company Cumulative Preferred Stock, $100 par value: $4.50 Series |
|
CMS-PB |
|
New York Stock Exchange |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth
company: CMS Energy Corporation ¨ Consumers
Energy Company ¨
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the
Exchange Act. CMS Energy Corporation ¨ Consumers Energy
Company ¨
| Co-Registrant CIK |
0000201533 |
| Co-Registrant Amendment Flag |
false |
| Co-Registrant Form Type |
8-K |
| Co-Registrant DocumentPeriodEndDate |
2022-04-20 |
| Co-Registrant Written Communications |
false |
| Co-Registrant Solicitating Materials |
false |
| Co-Registrant PreCommencement Tender Offer |
false |
| Co-Registrant PreCommencement Issuer Tender Offer |
false |
| Emerging Growth Company |
false |
Item 8.01. Other Matters.
Consumers Energy Company (“Consumers”), a wholly-owned
subsidiary of CMS Energy Corporation (“CMS Energy”), and key stakeholders throughout Michigan have agreed on a settlement
related to Consumers’ 2021 Clean Energy Plan, a sweeping proposal to stop using coal as a fuel source for electric generation by
2025, making Consumers one of the first in the nation to go coal-free. The News Release is attached as Exhibit 99 and is incorporated
by reference herein.
Investors
and others should note that CMS Energy routinely posts important information on its website and considers the Investor Relations section,
www.cmsenergy.com/investor-relations, a channel of distribution.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
| |
|
CMS ENERGY CORPORATION |
| |
| Dated: April 20, 2022 |
By: |
/s/ Shaun M. Johnson |
| |
|
Shaun M. Johnson |
| |
|
Senior Vice President and General Counsel |
| |
| |
|
CONSUMERS ENERGY COMPANY |
| |
| Dated: April 20, 2022 |
By: |
/s/ Shaun M. Johnson |
| |
|
Shaun M. Johnson |
| |
|
Senior Vice President and General Counsel |
Exhibit 99
Consumers
Energy and Key Stakeholders Reach Landmark Agreement to Create Cleaner Energy Future for Michigan
JACKSON, Mich., April 20, 2022
– Consumers Energy and key stakeholders throughout Michigan have agreed on a settlement related to the company’s Clean Energy
Plan, a sweeping proposal to stop using coal as a fuel source for electric generation by 2025, making the company one of the first in
the nation to go coal-free.
The agreement, which requires regulatory
approval, includes a broad coalition of customer groups, environmental organizations, the Michigan Public Service Commission (MPSC) staff,
energy industry representatives, and the Michigan Attorney General and provides a 20-year blueprint to meet Michigan’s energy needs
while protecting the environment for future generations.
“This is a historic commitment
to lead the clean energy transformation and create a brighter future for our state,” said Garrick Rochow, President and CEO of
Consumers Energy. “A diverse set of stakeholders came together to endorse a Clean Energy Plan that will provide reliable and affordable
energy to customers for decades to come while protecting the environment.”
Consumers Energy updated its original
2018 Clean Energy Plan by including the pledge to accelerate the elimination of coal to 2025, among other benefits to customers and environment
in its 2021 Clean Energy Plan, filed with the MPSC last June. The settlement agreement supporting Consumers Energy’s plan comes
after more than a year of listening to key stakeholders’ ideas and input. The next step in the process is for the MPSC to review
the settlement agreement.
The settlement includes:
| • | COAL
PLANT RETIREMENTS BY 2025: closes all three units at the J.H. Campbell coal plant
in West Olive, Michigan in 2025 in addition to two units at the D.E. Karn coal plant in 2023
(as per the 2018 Clean Energy Plan) and will be among the first utilities in the nation to
go coal-free by 2025. |
| • | RISE
OF SOLAR: continues the rapid transition to clean, renewable sources by adding nearly
8,000 megawatts (MW) of solar power by 2040 ensuring 60 percent of our capacity comes from
clean sources. |
| • | BATTERY
DEPLOYMENT: accelerates energy storage from 2030 to 2024 with a total of 75 MW of
energy storage by 2027, achieving 550 MW by 2040. |
| • | SYSTEM
RELIABILTY: ensures supply reliability through the purchase of the Covert Generating
Station in Van Buren County, a natural gas-fired power plant. |
| • | AFFORDABLE
ENERGY: creates price stability and helps customers save an estimated $600 million
dollars through 2040 compared to the 2018 Clean Energy Plan. Consumers Energy would also
continue its successful energy waste reduction programs that have saved customers more than
$4 billion since 2009. In addition, the company has committed to continue to fund utility
bill assistance programs for low-income customers. |
“Reaching consensus on this Clean
Energy Plan moves Michigan toward a cleaner, more reliable energy future while caring for our co-workers and communities impacted,”
Rochow said. “We’re grateful for the thoughtful, positive contributions of all stakeholders throughout this process and look
forward to the MPSC’s decision on our plan.”
Consumers Energy, Michigan’s largest
energy provider, is the principal subsidiary of CMS Energy (NYSE: CMS), providing natural gas and/or electricity to 6.8 million of the
state’s 10 million residents in all 68 Lower Peninsula counties.
#
# #
Media Contacts:
Katie Carey, 517-740-1739, or Brian Wheeler, 517-740-1545
For more information
about Consumers Energy, go to
www.ConsumersEnergy.com.
Check
out Consumers Energy on Social Media
