On the Record · CMS Energy

CMS Energy acquisitions, on the record

The businesses CMS Energy bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Covert Generating Station Word for word“In May 2023, Consumers purchased the Covert Generating Station, a natural gas-fueled generating facility with 1,200 MW of nameplate capacity in Van Buren County, Michigan for $ 810 million.” 10-K for 2023	acquisition	In May 2023	$ 810 million
unregulated appliance service plan program Word for word“Gain Sharing Application: In February 2024, Consumers signed an agreement to sell its unregulated appliance service plan program to a non-affiliated company; this sale is expected to close in the first half of 2024.” 10-K for 2023	agreed divestiture	In February 2024	—
ASP business Word for word“In April 2024, Consumers sold its unregulated ASP business to a non-affiliated company, resulting in a $ 110 million gain.” 10-K for 2024	divestiture	In April 2024	$ 110 million gain

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash received from selling businesses
2023-12-31	$0
2024-12-31	$124 million
2025-12-31	$0

Deal filings since 2016

2025-11-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-11-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-01-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-12-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-11-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-11-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-07-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-06-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-06-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-11-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-11-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-12-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-06-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-12-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-11-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-08-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-11-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-06-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from CMS Energy’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-10. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.