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MarketScreener Homepage  >  Equities  >  Nyse  >  CMS Energy Corporation    CMS

CMS ENERGY CORPORATION

(CMS)
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Consumers Energy - Energy Partners Collaborate to Promote, Fill In-Demand Jobs during Careers in Energy Week

10/16/2020 | 10:59am EST

The Michigan Energy Workforce Development Consortium (MEWDC), a coalition of energy companies and educators, announced today it will launch an outreach initiative that aims to heighten awareness of good-paying, rewarding careers in the energy sector during Careers in Energy Week, October 19-23.

In addition to increasing visibility of careers in energy, the MEWDC will also set out to match job seekers with positions that suit their strengths and passions through this initiative.

The Careers in Energy Week theme is 'Get into Energy.' During this five-day campaign, Michigan schools and energy companies will host online tours, panel discussions and career fairs to energize students and people looking for work and/or a rewarding career change. The MEWDC will also host two contests for high schoolers to further increase awareness of careers in the energy sector, which is evolving faster than ever.

'While the energy sector is critical to our state's infrastructure, it also provides significant career opportunities for residents throughout Michigan,' said Stephanie Beckhorn, LEO's Director of the Office of Employment and Training. 'Supporting initiatives such as Careers in Energy Week spotlights in-demand, high-wage jobs, and it helps us in our mission to close the skills gap that challenges the success of Michigan businesses and our state's prosperity.'

Now in its seventh year, Careers in Energy Week is sponsored by the MEWDC, which includes Consumers Energy, DTE Energy, Lansing Board of Water & Light, Michigan Municipal Electric Association, Michigan Electric and Gas Association (MEGA), and more than 50 industry, workforce and education partners. It's a great time to get into energy, as the energy sector currently employs more than 147,000 Michigan residents and is expected to grow 8% in the Great Lakes State through 2028.

'At DTE, our aspiration is to be a force for growth in the communities where we live and serve,' said Tracy DiSanto, manager, workforce planning, development and compliance, DTE and co-chair, MEWDC. 'That's why we've made significant, aggressive moves to shift programming online to continue to offer rewarding opportunities and keep everyone safe, healthy and engaged during the pandemic. I want students and job seekers to know we're hiring motivated, service-driven professionals for meaningful and rewarding careers at DTE.'

'Consumers Energy is excited to connect virtually with students during Careers in Energy Week and provide a hands-on look at opportunities in our industry,' said Cathy Hendrian, senior vice president of People and Culture for Consumers Energy. 'We are working every day to promote STEM learning, robotics and skilled trades, and want to inspire the next generation of students to pursue careers that will shape and nourish our state's economy.'

Founded in 2008, MEWDC's career awareness and outreach initiatives aim to develop the next generation of Michigan energy workers. These initiatives include: Partnering with school districts and community colleges across the state to implement energy curriculum leveraging Perkins Funds available after the 17th 'career cluster' in energy was approved by the Michigan State Board of Education in 2016. More than 600 students have earned national certificates of Energy Industry Fundamentals.

Sustaining membership of more than 50 industry, education and government organizations.

Collectively hiring more than 3,200 new employees into energy careers since the beginning of 2019.

In addition, consortium members Consumers Energy and DTE Energy have:

Provided nearly $25.8 million in COVID-19 relief through their foundations to help customers struggling during the pandemic by providing support that addresses basic human needs, supporting COVID testing, helping small businesses reopen safely and matching employee donations to nonprofits statewide.

Maintained gold-level veteran-friendly employer status from the Michigan Veterans Affairs Agency, signifying a commitment to recruiting and retaining employees who are military veterans.

Contributed significant financial and volunteer support to the state and national FIRST Robotics movement, emphasizing the importance of Science, Technology, Engineering and Math (STEM) occupations for both elementary and secondary students.

About Consumers Energy

Consumers Energy, Michigan's largest energy provider, is the principal subsidiary of CMS Energy (NYSE: CMS), providing natural gas and/or electricity to 6.7 million of the state's 10 million residents in all 68 Lower Peninsula counties.

About DTE Energy

DTE Energy (NYSE: DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.2 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers in Michigan. The DTE portfolio includes energy businesses focused on power and industrial projects; renewable natural gas; natural gas pipelines, gathering and storage and energy marketing and trading. As an environmental leader, DTE utility operations will reduce carbon dioxide and methane emissions by more than 80% by 2040 to produce cleaner energy while keeping it safe, reliable and affordable. DTE Electric aspires to achieve net zero carbon by 2050. DTE is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy and economic progress.

About Lansing Board of Water & Light

The Lansing Board of Water & Light (BWL) is a municipally-owned public utility that provides safe, reliable and affordable utility products and services to more than 9,700 electric and 56,000 water customers throughout the greater Lansing area.

Contact:

Robin Runyan

Tel: 313-235-5555

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
CMS ENERGY CORPORATION -1.26% 60.04 Delayed Quote.-3.01%
CONSUMERS ENERGY CO 0.17% 109.0601 Delayed Quote.0.00%
DTE ENERGY COMPANY -0.70% 125.63 Delayed Quote.-0.86%
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Financials (USD)
Sales 2020 6 876 M - -
Net income 2020 757 M - -
Net Debt 2020 14 772 M - -
P/E ratio 2020 22,9x
Yield 2020 2,68%
Capitalization 17 451 M 17 451 M -
EV / Sales 2020 4,69x
EV / Sales 2021 4,69x
Nbr of Employees 8 162
Free-Float 99,4%
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Technical analysis trends CMS ENERGY CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 66,68 $
Last Close Price 60,95 $
Spread / Highest target 23,1%
Spread / Average Target 9,41%
Spread / Lowest Target -22,9%
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Managers
NameTitle
Patricia K. Poppe President, Chief Executive Officer & Director
John G. Russell Chairman
Garrick J. Rochow Executive Vice President-Operations
Rejji P. Hayes Chief Financial Officer & Executive Vice President
Tamara J. Faber-Doty Chief Digital Officer & Vice President-Technology
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