CMS ENERGY CORP

# CMS Energy Corp

Incorporated in Michigan and listed on the NYSE, CMS Energy operates as an integrated utility company providing electric and gas services to customers across the Midwest. The company generates, purchases, and distributes electricity, as well as purchases, transports, and distributes natural gas. CMS Energy serves both residential and commercial customers through its regulated utility operations.

The company's primary business segments consist of electric utility operations and natural gas utility operations. Electric generation is sourced through owned assets including fossil fuel and renewable facilities, alongside purchased power agreements. Natural gas services encompass distribution infrastructure and customer supply management. Rate-regulated utility operations represent the core revenue structure for the company.

CMS Energy operates primarily in Michigan and operates as a vertically integrated utility, managing generation, transmission, distribution, and customer service functions. The company serves approximately 3 million electric and gas customers across its service territories. With utility operations concentrated in the Midwest region, CMS Energy's business model is characterized by the regulated nature of its electric and gas distribution services, with revenue dependent on regulatory rate structures and customer consumption patterns.