CMS Energy
CMS Energy (NYSE: CMS) is a public utility supplying electric power, nuclear power, uranium (to nuclear power companies) and natural gas to Metro Detroit and most of Michigan. Its headquarters are located in Jackson, Michigan. The company has operated since 1890.
Its two principal subsidiaries are Consumers Energy and CMS Enterprises. Consumers Energy is a public utility that provides natural gas and electricity to more than 6 million of Michigan's 10 million residents and serves customers in all 68 of the state’s Lower Peninsula counties. CMS Enterprises' primary businesses are independent power production and natural gas transmission.
The company's trademark slogan as of 2003 is "Count on Us". CMS Energy is a member of the S&P 500 and the Fortune 1000.
In 2001, CMS Energy entered into an exploration agreement with Eritrea for oil exploration in the Dismin Block of the Red Sea in northeastern Eritrea.
Criticism
In 2002, CMS Energy was awarded the Ig Nobel Prize in Economics for "adapting the mathematical concept of imaginary numbers for use in the business world".
In December 2011, the non-partisan organization Public Campaign criticized CMS Energy for spending $3.48 million on lobbying and not paying any taxes during 2008-2010, instead getting $29 million in tax rebates, despite making a profit of $415 million, and increasing executive pay by 79% to $900.4 million in 2010 for its top 5 executives.[1]
See also
Lists of public utilities
References
- ↑ Portero, Ashley. "30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008-2010". International Business Times. Archived from the original on 26 December 2011. Retrieved 26 December 2011.