CMS Energy Company History Timeline

1886
1886 Foote introduces the use of electricity in place of natural gas to power street lights in Adrian.
1888
They formed a company, Jackson Electric Light Works in 1888.
1889
In 1889, they built a hydro plant project at the Trowbridge Dam on the Kalamazoo River.
1907
In 1907, Foote and Jarvis built Croton Hydro project on the Muskegon River, the first project in the world that could transmit 110,000 volts of electricity.
1910
Founded in 1910 through a merger of a variety of gas, electric and electric trolley companies, Consumers Power was at the forefront of the development of the large utilities that marked the business world of the turn of the century.
1910 Foote and other energy industry pioneers establish Consumers Power Co.
1920
They sell shares of stock to customers at 95 a share and provide a dividend of 7 a share in 1920.
1946
In 1946, the company formed a strategic partnership with Panhandle Company to convert former natural gas fields to underground natural gas storage areas.
1961
CMS Energy's primary subsidiary, Consumers Energy, announced Michigan's first nuclear power plant in 1961, Big Rock Point in Charlevoix, Michigan.
1971
The company announced another nuclear plant, Palisades Nuclear Generating Station on Lake Michigan, which first produced electricity in December, 1971 to serve 400,000 people a day.
1975
The Midland facility was originally scheduled to open in 1975 at a cost of about 500 million.
1986
A subsidiary, CMS Generation, was founded in 1986 with the aim of furthering the independent power production business.
1987
On October 23, 1987, CMS Energy became a publicly owned company and was listed at the New York Stock Exchange.
By 1987, with reduced costs and the non-cash credits from Midland, CMS' earnings rebounded to 262 million.
CMS Energy was founded in 1987 and is headquartered in Jackson, MI.
1989
Investors, charmed by McCormick's innovative ideas and persuasive rhetoric, returned to the CMS fold and stock prices once again rose to almost 40 by 1989.
1990
The resolution of a host of regulatory issues allowed net income to return to 179 million although this was still short of pre-1990 levels.
1991
These service-based companies were one of the early successes of CMS' program of expansion, making a respectable 4 million in net income on revenues of 42 million by 1991.
1992
To make matters worse, one of the few investments the new subsidiary was able to make was Oxford Energy Co., a tire burning power plant that went bankrupt in 1992, costing CMS 31 million.
1993
In 1993, CMS Energy finally reached an agreement with the Michigan Public Service Commission that would allow Consumers to recover from its rates 915 of the 1,240 megawatts of energy the company had agreed to buy annually from the Midland partnership.
Revenues doubled from the previous year and, even more importantly, high rates of return meant that net income from these operations quadrupled from 1993.
1994
Record electric sales by Consumers, as well as a boom in foreign independent power production, boosted CMS' revenues to 3.6 billion in 1994.
The opening of the Grands Lacs Market Center in St Clair, Michigan, in 1994 was a important step for CMS as it would provide a major storage and exchange point for buyers and sellers through the United States and Canada.
1995
By 1995 proven reserves had almost doubled to 113 million barrels, and revenue from Nomeco was close to 90 million.
2006
CMS Energy owned the plant until 2006, when it was sold to Entergy.
2007
In 2007, the company announced plans to invest 6 billion in Michigan's energy future to support new power plant technology and identify new energy sources.
2008
2008 The Whiting plant earns a Neighborhood Environmental Partners Program Gold Award from Michigan s Department of Environmental Quality for the fourth consecutive year.
2009
2009 Consumers Energy lays the groundwork for harnessing Michigan s wind to generate clean, renewable electricity.
2013
2013 Consumers Energy announced the purchase of an existing combined cycle 540-megawatt natural gas plant in Jackson, MI. The purchase of an existing plant was chosen over building a new plant to save customers about 500 million.
2014
Cross Winds will begin construction in 2014.
Founded
1886
Company Founded
Headquarters
Jackson, MI
Company Headquarter

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