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CMS Energy Announces Sale of Banking Subsidiary for $960 Million

(June 8, 2021 5:38 PM) CMS Energy today announced that it is selling its wholly-owned subsidiary, EnerBank USA, to Regions Bank, a subsidiary of Regions Financial Corporation for $960 million. The all-cash transaction is expected to close in the fourth quarter of 2021, subject to regulatory approvals and other closing conditions. “EnerBank has been a great part of the CMS Energy family, has delivered exceptional value to all stakeholders and we are excited for its future with Regions,” said Garrick Rochow, President and CEO of CMS Energy. “This transaction improves CMS Energy’s risk profile and keeps us on track to deliver 6 to 8 percent long-term adjusted EPS growth for our investors.” EnerBank USA is a national consumer lender company specializing in home-improvement loans and is based in Salt Lake City, Utah. In a press statement, CMS Energy reaffirmed its consolidated full-year 2021 adjusted earnings guidance of $2.83 - $2.87* per share assuming the transaction closes in the fourth quarter of 2021; and maintained its annual dividend per share of $1.74. Until the closing of the transaction, EnerBank’s earnings will be reported in discontinued operations. CMS Energy also introduced 2022 adjusted earnings guidance of $2.85 - $2.87 per share, reflecting…

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Consumers Energy Offering Expertise, $3 Million in Rebates for Charging Locations

(June 8, 2021 5:22 PM) Consumers Energy is putting the electric vehicle transformation into high gear with a major new program to help businesses statewide transition to carbon-free EVs. Consumers Energy’s new PowerMIFleet program will focus on Michigan businesses, offering expertise and $3 million in rebates for charging locations throughout the state. “Michigan was the birthplace of the American auto industry. Now, we are the center of the industry’s clean energy revolution,” said Lauren Youngdahl Snyder, Consumers Energy’s vice president for customer experience. “With PowerMIFleet, we at Consumers Energy are taking our success with EVs to the next level making it easier for other businesses to join us on this Clean Energy journey.” Through PowerMIFleet, Consumers Energy will provide expertise and consultation services to Michigan businesses, governments and school systems that are looking to electrify their vehicle fleets and charge overnight through cost-saving use rates. Consumers Energy is launching PowerMIFleet to build on its existing electric vehicle program, PowerMIDrive, which makes EV cost savings simple by providing time of use rates for EV drivers, and over 800 rebates for home, business and public charging stations in the last two years. Businesses and eligible groups can learn more at: ConsumersEnergy.com/PowerMIFleet.  “Consumers…

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Michigan Reports 293 Coronavirus Cases Today, State Total Now 891,057

(June 8, 2021 3:39 PM) Michigan reported 293 coronavirus (COVID-19) positive test cases today, with the state reported total now at 891,057. Michigan is reporting 56* COVID-19-related deaths today with the state total at 19,432.   *The deaths announced today includes 37 deaths identified during a Vital Records review. See cumulative data page for more information. State Cumulative Total of Recovered COVID-19 Cases (as of 6/5/21): 837,864. Michigan COVID vaccination coverage:  46.8% complete, 53.8% initial. This information is updated Monday through Saturday at 3 p.m., with COVID-19 results included as of 10 a.m.  Monday reports include Sunday data.  

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Jackson County Cumulative Report: 14,695 COVID-19 Positive Cases and 281 Deaths

(June 8, 2021 12:00 PM) The Jackson County Health Department released the COVID-19 positive numbers for Jackson County.  As of 12:00 PM today, there are 14,695 positive cases (cumulative), and 281 deaths (cumulative)*.     There are 2 new cases and 3 new deaths since yesterday’s report.   Cumulative recovered, as of June 8: 13,983** As of June 3, there are 8 persons at Henry Ford Allegiance Health being treated as inpatients for COVID-19.  Jackson County Vaccination Coverage:  51.5% of Jackson County residents 12 and older have received first dose, 45.7% fully vaccinated (Moderna or Pfizer both doses, J&J single dose). The cumulative numbers posted on Mondays include the data from Sunday and Monday.  Recovered numbers are being posted as received.  The Michigan Department of Corrections is reporting as of 8 AM June 7, there are 5,588 confirmed positive cases at Jackson facilities and 710 confirmed positive staff cases.  MDOC positive case numbers are cumulative. *These numbers do not reflect any cases or deaths identified through Michigan Department of Corrections.  Their numbers are listed under a separate category and reported by the state at Michigan Statistics. Cases reported involving Jackson County school students or staff are included in our posted numbers.  For…

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