CMS Energy Boosts 5-Year Capex to $20 Billion

SUGAR LAND, TEXAS--February 12, 2025--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Michigan combination gas and electric utility holding company CMS Energy Corporation (NYSE:CMS) (Jackson, Michigan) has boosted its five-year capital spending $3 billion to $20 billion, and an additional $20 billion or more could be added for the 2030-2045 period, company officials told investors late last week when it announced earnings.

About 68% of the planned 2025-2029 investment, or about $13.7 billion, will be directed to the company's electric utility operations, which include a regulated electric utility and a merchant clean energy business called NorthStar Clean Energy.