Electric Utilities

CMS Energy Corp.

CMS Energy Corp. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: CMS)") else Response.Write("(NYSE: CMS)") end if %> has a solid foothold in three major non-utility businesses: international oil and gas exploration and production (10% of earnings), global electric power via foreign utilities (10% of total earnings), and gas pipeline, storage and marketing (5%). Growth in non-regulated businesses will be key for utility companies going forward, making CMS an attractive alternative. Consumers Inc., a combination electric and gas utility company with service in all 68 counties of Michigan's Lower Peninsula, is the largest subsidiary of CMS Energy. Consumers' customer base includes a mix of residential, commercial, and diversified industrial customers, the largest of which are in the automotive industry.

Latest Financials

Second quarter consolidated net income of $53.7 million was up 6% from $50.6 million in the second quarter of 1996. Earnings per share were $0.55 versus $0.54 earned in the same period in 1996. Second quarter operating revenue grew 10% to $1.04 billion from $938 million in the second quarter of 1996.

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