Consumers outlined its proposal to begin implementing the Reliability Roadmap in its electric rate case filed in May 2024, requesting rate recovery of investments needed to support the plan's key objectives. This highlights a strategic focus on infrastructure improvements.

Consumers plans to add nearly 8,000 MW of solar generation by 2040, expanding its investment in renewable energy. This aligns with the Clean Energy Plan and the 2023 Energy Law.

In February 2024, Consumers issued a request for proposals to explore the possibility of selling its 13 river hydroelectric dams located throughout Michigan. This indicates a potential shift in asset portfolio strategy.

Consumers continues to make progress on expanding its customer programs, namely its demand response, energy efficiency, and conservation voltage reduction programs, as well as increasing its renewable energy generation.

In May 2024, the MPSC approved a settlement agreement resolving a meter investigation matter, with Consumers paying a $1 million penalty and committing to return a minimum of $3 million to customers. This indicates a resolution to operational issues.

In June 2024, the parties entered into a settlement agreement resolving this matter. The settlement agreement provides for Wolverine Power's interest in J.H. Campbell 3 to end as of the date the unit permanently ceases to be used for electric operations. The court entered an order of dismissal with prejudice in June 2024.

The document highlights that regulatory matters are critical to Consumers' business, particularly rate cases and regulatory proceedings before the MPSC. Adverse regulatory treatment could affect the company's financial condition.

The document discusses multiple environmental regulations, including those related to air quality, greenhouse gases, and CCRs, noting that compliance with these regulations could result in material costs and that cost recovery cannot be assured.

CMS Energy and Consumers are involved in various matters that give rise to contingent liabilities, and the resolution of these contingencies could negatively affect CMS Energy's and Consumers' liquidity, financial condition, and results of operations.

Michigan law allows electric customers in Consumers' service territory to buy electric generation service from alternative electric suppliers in an aggregate amount capped at ten percent of Consumers' sales. This indicates a competitive constraint on market share.

CMS Energy and Consumers employ the “CE Way," a lean operating model designed to improve safety, quality, cost, delivery, and employee morale.

Consumers updated its Transportation Electrification Plan, outlining how it plans to power over 1,500 new fast charging locations and serve one million electric vehicles in Michigan by 2030. This demonstrates a focus on supporting the transition to electric vehicles.

Consumers expects to make significant expenditures on infrastructure upgrades, replacements, and clean generation over the next five years. This indicates a commitment to capital investment.

During the six months ended June 30, 2024, CMS Energy purchased Consumers' first mortgage bonds with a principal balance of $242 million in exchange for cash of $169 million, resulting in a pre-tax gain.

CMS Energy and Consumers measure their progress toward their purpose by considering their impact on the 'triple bottom line' of people, planet, and profit.

CMS Energy and Consumers have set the net-zero emissions goals discussed below. Net-zero methane emissions from natural gas delivery system by 2030 and net-zero carbon emissions from electric business by 2040.

Consumers set the following goals for the five-year period 2023 through 2027: to enhance, restore, or protect 6,500 acres of land, to reduce water usage by 1.7 billion gallons, and to annually divert a minimum of 90 percent of waste from landfills.

Consumers' electric customer deliveries are seasonal and largely dependent on Michigan's economy. Actual delivery levels will depend on energy conservation measures, weather fluctuations, and Michigan's economic conditions.

Over the next five years, Consumers expects weather-normalized electric and gas deliveries to remain relatively stable compared to 2023. This outlook reflects modest growth in electric and gas demand, offset by the effects of energy waste reduction programs.