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CMS-PB on NYSE

CONSUMERS ENERGY CO

CONSUMERS ENERGY CO is an American electric and services combined company, incorporated in Michigan.1 It is headquartered in Jackson, Michigan.1 Its shares trade on NYSE under the symbol CMS-PB.1

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Last updated Oct 21, 2026.

Overview

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  • TickerCMS-PB on NYSE1
  • IndustryElectric & Other Services Combined1
  • HeadquartersJackson, Michigan1
  • Incorporated inMI2
  • Business addressOne Energy Plaza, Jackson, Mi 492012

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What it owns

What CONSUMERS ENERGY CO reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

Descriptions of CMS Energy’s and Consumers’ properties are found in the following sections of Item 1. Business, all of which are incorporated by reference in this Item 2:

•General—CMS Energy

The rest of Item 2

•General—Consumers

•Business Segments—Consumers Electric Utility—Electric Utility Properties

•Business Segments—Consumers Electric Utility—Electric Utility Generation and Supply Mix

•Business Segments—Consumers Gas Utility—Gas Utility Properties

•Business Segments—NorthStar Clean Energy—Non-utility Operations and Investments—Independent Power Production

Item 2 of the 10-K filed Feb 10, 2026.3

Leadership

Who has led CONSUMERS ENERGY CO, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Rejji P. Hayes2017
  2. Srikanth Maddipati2026–now
2010201520202025
Board members and other officers (28)

Former names

  • CONSUMERS POWER COFeb 15, 1994 to Jan 28, 19972

Timeline

  1. Aug 4, 20268-K Other events34
  2. May 5, 20268-K Other events35
  3. May 2, 20258-K Other events36
  4. Aug 5, 20248-K Other events37
  5. Jan 9, 20248-K Other events38
  6. Dec 12, 20238-K Other events39
  7. Dec 6, 20238-K Other events40
  8. Aug 4, 20238-K Other events41
  9. Feb 23, 20238-K Other events42
  10. Jan 10, 20238-K Other events43
  11. Aug 11, 20228-K Other events44

Filings

74 filings to the SEC since October 2021: 11 major events, 7 insider forms, 56 other. The latest 20:

  1. Aug 4, 20268-K EDGAR
  2. Jul 31, 2026424B2 EDGAR
  3. Jul 30, 2026FWP EDGAR
  4. Jul 30, 2026424B5 EDGAR
  5. Jun 9, 20263 EDGAR
  6. May 26, 2026144 EDGAR
  7. May 5, 20268-K EDGAR
  8. May 1, 2026424B2 EDGAR
  9. Apr 30, 2026FWP EDGAR
  10. Apr 30, 2026424B5 EDGAR
  11. Mar 26, 2026DEFA14A EDGAR
  12. Mar 26, 2026DEF 14A EDGAR
  13. Feb 23, 20263 EDGAR
  14. Feb 23, 20263 EDGAR
  15. Oct 3, 20253 EDGAR
  16. Aug 8, 2025144 EDGAR
  17. Jul 11, 20253 EDGAR
  18. May 2, 20258-K EDGAR
  19. Apr 29, 2025424B2 EDGAR
  20. Apr 28, 2025FWP EDGAR

The 74 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Garrick J. RochowPresident and CEO, CMS and Consumers$1.3M$10.5M45
2025Rejji P. HayesExecutive Vice President and CFO, CMS and Consumers$860.1K$4.1M45
2025Shaun M. JohnsonExecutive Vice President, Business Transformation, Chief Legal & Administrative Officer CMS and Consumers$682.6K$2.8M45
2025LeeRoy Wells Jr.Senior Vice President, President - Gas Delivery, Consumers$585.0K$2.4M45
2025Brandon J. HofmeisterSenior Vice President, Strategy, Sustainability and External Affairs, CMS and Consumers$600.0K$2.2M45
2025Tonya L. BerryExecutive Vice President and COO, CMS and Consumers$585.4K$2.0M45
2024Garrick J. RochowPresident and CEO, CMS and Consumers$1.2M$10.4M45
2024Rejji P. HayesExecutive Vice President and CFO, CMS and Consumers$810.0K$4.0M45
2024Shaun M. JohnsonExecutive Vice President, Business Transformation, Chief Legal & Administrative Officer CMS and Consumers$620.0K$2.6M45
2024LeeRoy Wells Jr.Senior Vice President, President - Gas Delivery, Consumers$575.0K$2.4M45
2024Brandon J. HofmeisterSenior Vice President, Strategy, Sustainability and External Affairs, CMS and Consumers$545.0K$2.1M45
2023Garrick J. RochowPresident and CEO, CMS and Consumers$1.2M$9.6M45
2023Rejji P. HayesExecutive Vice President and CFO, CMS and Consumers$790.0K$3.8M45
2023Shaun M. JohnsonExecutive Vice President, Business Transformation, Chief Legal & Administrative Officer CMS and Consumers$565.0K$2.3M45
2023LeeRoy Wells Jr.Senior Vice President, President - Gas Delivery, Consumers$545.0K$2.1M45
2023Brandon J. HofmeisterSenior Vice President, Strategy, Sustainability and External Affairs, CMS and Consumers$535.0K$2.0M45

SEC filer profile

How CONSUMERS ENERGY CO is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCONSUMERS ENERGY CO1
  • CIK0000201533
  • Employer ID (EIN)38-27264313
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company3
  • Incorporated inMichigan3
  • Fiscal year endsDecember 311
  • Industry code (SIC)4931 Electric & Other Services Combined1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business addressOne Energy Plaza, Jackson, MI 492011
  • Phone51778805501
  • Shares outstanding306,420,901 shares; 84,108,789 Consumers Energy Company shares as of Jan 16, 20263
  • Public float$20.6B as of Jun 30, 20253
  • AuditorPricewaterhouseCoopers LLP, Detroit, Michigan PCAOB ID 238; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceJan 10, 19941
  • Filings1,018 in all: 8-K (548), 10-Q (98), 3 (39), 424B5 (37), 424B2 (36), 10-K (34), FWP (34), SC 13G/A (25)1
    All 45 form types

    DEF 14A (19), DEF 14C (14), 424B3 (13), DEFA14A (11), ARS (10), S-3 (9), 11-K (8), CORRESP (7), S-3/A (7), S-3ASR (7), S-4 (6), UPLOAD (6), 144 (5), 8-A12B (5), SC 13G (5), 8-K/A (4), 10-K/A (2), 10-K405 (2), 10-Q/A (2), 3/A (2), 424B1 (2), DEFA14C (2), EFFECT (2), U-1/A (2), U-3A-2 (2), U-3A-2/A (2), 144/A (1), 25-NSE (1), 4 (1), 424B4 (1), 8-A12B/A (1), DEFS14A (1), DEFS14C (1), PRES14C (1), SF-1 (1), SF-1/A (1), U-1 (1)

  • Latest filingsAnnual report (10-K) Feb 10, 2026
    Quarterly report (10-Q) Jul 28, 2026
    Proxy statement (DEF 14A) Mar 26, 2026
    Latest 8-K (8-K) Aug 4, 2026

Securities registered for trading

ClassSymbolExchange
CMS Energy Corporation Common StockCMSNew York Stock Exchange
CMS Energy Corporation 5.625% Junior Subordinated Notes due 2078CMSANew York Stock Exchange
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078CMSCNew York Stock Exchange
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079CMSDNew York Stock Exchange
CMS Energy Corporation Depositary SharesCMS PRCNew York Stock Exchange
Consumers Energy Company Cumulative Preferred Stock, $100 par value: $4.50 SeriesCMS-PBNew York Stock Exchange

From the cover page of the 10-K filed Feb 10, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks CONSUMERS ENERGY CO names in Item 1A of its 10-K filed Feb 10, 2026: 31 risks under these headings, as written.3

  • CMS Energy depends on dividends from its subsidiaries to meet its debt service obligations.
  • CMS Energy has indebtedness that could limit its financial flexibility and its ability to meet its debt service obligations.
  • CMS Energy and Consumers have financing needs and could be unable to obtain bank financing or access the capital markets.
  • Market performance and other changes could decrease the value of employee benefit plan assets, which then could require substantial funding.
  • Changes to ROA could have a material adverse effect on CMS Energy’s and Consumers’ businesses.
  • The creation of utilities by municipalities in Consumers’ service territory, or the impairment of Consumers’ franchise rights to serve customers in municipalities, could have a material adverse effect on CMS Energy’s and Consumers’ businesses.
  • Distributed energy resources could have a material adverse effect on CMS Energy’s and Consumers’ businesses.
  • CMS Energy and Consumers are subject to rate regulation, which could have a material adverse effect on financial results.
  • Utility regulation, state or federal legislation, regulation, and compliance could have a material adverse effect on CMS Energy’s and Consumers’ businesses.
  • CMS Energy and Consumers have announced ambitious plans to reduce their impact on climate change and increase the reliability of their electric distribution system. Achieving these plans depends on numerous factors, many of which are outside of their control.
  • Changes in taxation as well as the inherent difficulty in quantifying potential tax effects of business decisions could negatively impact CMS Energy and Consumers.
  • CMS Energy and its subsidiaries, including Consumers, must comply with the Dodd-Frank Act and its related regulations.
The other 19 risks
  • CMS Energy and Consumers could incur substantial costs to comply with environmental requirements.
  • CMS Energy’s and Consumers’ businesses could be affected adversely by any delay in meeting environmental requirements.
  • CMS Energy and Consumers expect to incur additional substantial costs related to environmental remediation of former sites.
  • There are risks associated with Consumers’ substantial capital investment program planned for the next five years.
  • CMS Energy and Consumers could be affected adversely by legacy litigation and retained liabilities.
  • Consumers is exposed to risks related to general economic conditions in its service territories.
  • Consumers is exposed to changes in customer usage that could impact financial results.
  • CMS Energy’s and Consumers’ energy sales and operations are affected by seasonal factors and varying weather conditions from year to year.
  • Demand for electricity associated with data center expansion could have a material effect on CMS Energy and Consumers.
  • CMS Energy and Consumers are subject to information security risks, risks of unauthorized access to their systems, and technology failures.
  • CMS Energy’s and Consumers’ businesses have liability risks.
  • CMS Energy and Consumers are subject to risks that are beyond their control, including but not limited to natural disasters, civil unrest, terrorist attacks and related acts of war, cyber incidents, vandalism, and other catastrophic events.
  • Energy risk management strategies might not be effective in managing fuel and electricity pricing risks, which could result in unanticipated liabilities to CMS Energy and Consumers or increased volatility in their earnings.
  • CMS Energy and Consumers might not be able to obtain an adequate supply of natural gas or coal, which could limit their ability to operate electric generation facilities or serve Consumers’ natural gas customers.
  • Unplanned outages or maintenance could be costly for CMS Energy or Consumers.
  • CMS Energy and Consumers are exposed to counterparty risk.
  • CMS Energy and Consumers are exposed to significant reputational risks.
  • A work interruption or other union actions could adversely affect CMS Energy and Consumers.
  • Failure to attract and retain an appropriately qualified workforce could adversely impact CMS Energy’s and Consumers’ results of operations.

Legal proceedings

For information regarding CMS Energy’s and Consumers’ significant pending administrative and judicial proceedings involving regulatory, operating, transactional, environmental, and other matters, see Item 8. Financial Statements and Supplementary Data—Notes to the Consolidated Financial Statements—Note 3, Regulatory Matters and Note 4, Contingencies and Commitments.

CMS Energy, Consumers, and certain of their affiliates are also parties to routine lawsuits and administrative proceedings incidental to their businesses involving, for example, claims for personal injury and property damage, contractual matters, various taxes, and rates and licensing.

The opening of Item 3, Legal Proceedings.3

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