September 30, 2016 12:13 AM ET

Multi-Utilities

Company Overview of Consumers Energy Company

Company Overview

Consumers Energy Company operates as an electric and gas utility in Michigan. The company operates in two segments, Electric Utility and Gas Utility. The Electric Utility segment generates, purchases, transmits, distributes, and sells electricity. It generates electricity through fossil-fuel-fired and coal-fueled power plants, as well as renewable energy sources. The segment’s distribution system includes 434 miles of high-voltage distribution radial lines; 4,251 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 56,023 miles of electric distribution overhead lines; 10,304 miles of underground distribution lines; and substations with a...

One Energy Plaza

Jackson, MI 49201

United States

Founded in 1886

7,339 Employees

Phone:

517-788-0550

Key Executives for Consumers Energy Company

Chief Executive Officer and President
Age: 47
Chief Financial Officer and Executive Vice President
Age: 63
President of CMS Energy and Consumers Energy Foundations
Age: 58
Chief Accounting Officer, Vice President and Controller
Age: 50
Chief Information Officer and Senior Vice President of Customer Experience
Age: 41
Compensation as of Fiscal Year 2016.

Consumers Energy Company Key Developments

Consumers Energy Company Announces Executive Changes, Effective September 1, 2016

Consumers Energy announced three new changes to its leadership team. The following changes are effective September 1: Venkat (DV) Rao is named senior vice president of strategy and business planning, which includes corporate strategy, utility budget and sales forecast, CMS Enterprises, CMS Land and EnerBank. He formerly was vice president, treasurer, financial planning and investor relations. In his new role for this new business unit he will focus on strategy and supporting financial planning. He is a 17-year Company employee. Sri Maddipati is named vice president, treasurer and investor relations, reporting to Tom Webb, executive vice president and chief financial officer. He joined the company in 2014 after serving as a vice president in the Financial Institutions Group, Investment Banking, at Goldman Sachs in New York, NY. Tamara Faber-Doty is named vice president of information technology, reporting to Brian Rich, senior vice president and chief information officer. She joined Consumers Energy in 2013, after serving as global manager at First Solar in Ohio, and as a manager at Visteon.

Consumers Energy Declares Quarterly Dividend on the Preferred Stock, Payable Oct. 1, 2016

The Board of Directors of Consumers Energy has declared a quarterly dividend on the utility's preferred stock of $1.125 per share on the $4.50 stock. The dividend is payable Oct. 1, 2016, to shareholders of record Sept. 6, 2016.

Consumers Energy Develops Two New Specially Equipped Vehicles to Help Keep its Safety Promise to Michigan

Consumers Energy has developed two new specially equipped vehicles to help keep its safety promise to Michigan. The two mobile command centers were designed and outfitted to respond to any localized emergency the energy provider may face, as well as to support widespread storm restoration work. The 30-foot mobile command centers are based in Jackson and Clinton Township, ready to be deployed wherever they are needed. Each unit is equipped with backup satellite internet and 800 megahertz radio equipment to keep communication channels available in case typical systems are not operating. A mobile command center has five laptop-ready work stations, a plotter to print large maps and blueprints, and a conference table. One use for a large exterior television screen is to provide training to crews from out-of-state utilities when Michigan experiences damaging storms, reducing the time it takes for lineworkers to begin restoration work in the field.

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Recent Private Companies Transactions

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