CMS Energy Corporation (CMS) CEO John Russell says the company plans to make $15 billion in capital investments over the next 10 years. He says management’s goal is to make sure capital investments ultimately pay dividends to customers.
“We could spend more than $15 billion but as I said earlier, we want to ensure that our run rate, as far as rate increases are concerned, is at or below the rate of inflation,” Russell says. “So, we limit the amount of capital that we invest.”
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Russell says CMS Corporation’s capital investment plan focuses on three key areas. The first area of focus is increasing capacity in the natural gas business and converting propane customers to natural gas. The second way in which CMS will invest capital it to increase reliability for electric customers. Finally, Russell says the capital plan includes investments to convert the CMS fleet to a balance energy portfolio with lower emissions.
“In the big coal plants that we continue to have, we’re making major investments in emissions and the good news about that is the results,” Russell says. “The air is cleaner today in Michigan than it’s been in the last 50 years.”
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