CMS Energy
 | |
| Type | Public (NYSE: CMS) |
|---|---|
| Headquarters | 212 West Michigan Ave. Jackson, MI 49201 |
| Area served | MI |
| Key people | David W. Joos, CEO |
| Industry | Electric Producer and Utility Natural Gas Utility |
| Products | Electricity |
| Revenue | $6.46 billion (2007)[1] |
| Net income | Loss of $215 million (2007)[1] |
| Employees | 7,898 (2007) |
| Subsidiaries | Consumers Energy CMS Enterprises |
| Website | CMSEnergy.com |
CMS Energy is a public utility supplying electric power and natural gas to most of Michigan. Its headquarters are located in Jackson, Michigan. The company has operated since 1890.
Its two principal subsidiaries are Consumers Energy and CMS Enterprises. Consumers Energy is a public utility that provides natural gas and electricity to more than 6 million of Michigan's 10 million residents and serves customers in all 68 of the state’s Lower Peninsula counties. CMS Enterprises' primary businesses are independent power production and natural gas transmission.
Political contributions
CMS Energy is one of the largest energy company contributors to both Republican and Democratic candidates for Congress. These contributions total $124,850 to the 110th US Congress (as of the third quarter), the largest of which has been to Sen. John Dingell (D-MI) for $17,000. Rep. Dingell, for his part, has consistently voted with the coal industry on energy, war and climate bills [1]. CMS Energy also contributed to Joseph K. Knollenberg, David Lee Camp, $8,500; Bart Stupak, $6,600 and Frederick Stephen Upton, $6,000.[2]
Contributions like this from fossil fuel companies to members of Congress are often seen as a political barrier to pursuing clean energy, and this is particularly true in the case of Rep. Dingell, who chaired the Committee on Energy and Commerce until 2009.
More information on coal industry contributions to Congress can be found at FollowtheCoalMoney.org, a project sponsored by the nonpartisan, nonprofit Oil Change International and Appalachian Voices.
CEO Compensation
In May 2007, Forbes listed CMS Energy CEO David Joos as receiving $2.38 million in total compensation for the latest fiscal year, with a three-year total compensation of $6.16 million. He ranked 35th on the list of CEOs in the Utilities industry, and 419th among all CEOs in the United States.[3]
Power portfolio
Out of its total 8,439 MW of electric generating capacity in 2005 (0.79% of the U.S. total), CMS produces 36.6% from coal, 26.4% from natural gas, 25.0% from hydroelectricity, 9.6% from nuclear, and 2.8% from wood, oil, and tires. CMS owns power plants in Michigan, California, Connecticut, and North Carolina; 98.6% of its generating capacity comes from Michigan.[4]
Governor Granhom, in her 2009 State of the State message, has asked all Michigan utilities to evaluate renewable alternatives to new generation projects.[5]
Coal-fired power plants
Most coal plants owned by CMS Energy are listed on their Consumers Energy subsidiary company page.
CMS energy owns a 50% stake in the Filer_City_Station through their Hydra-Co Enterprises Inc subsidiary.
Articles and Resources
Sources
- ↑ 1.0 1.1 CMS Energy Corp., BusinessWeek Company Insight Center, accessed July 2008.
- ↑ "House Members of the 110th (2007-2008) Congress", FollowtheCoalMoney, accessed March 2009.
- ↑ CEO Compensation: #419 David W Joos, Forbes.com, May 3, 2007.
- ↑ Existing Electric Generating Units in the United States, 2005, Energy Information Administration, accessed April 2008.
- ↑ Utilities Asked to Seek Greener Alternatives"John Flescher, Associated Press, February 27, 2009"
