CMS Energy (NYSE: CMS), based in Jackson, Michigan, is an energy company that is focused principally on utility operations in Michigan. Its principal business is Consumers Energy, a public utility that provides electricity and natural gas to more than 6 million of Michigan's 10 million residents. Its non-utility businesses are focused primarily on domestic independent power production. Consumer...
A report released by SEC on March 17, 2004, "The Securities and Exchange Commission announced today a settled fraud enforcement action against CMS Energy Corporation (CMS), a Michigan-based energy company, in connection with over $5 billion in deceptive round-trip energy trades - massive pre-arranged trades that, despite lacking economic substance, grossly inflated CMS's reported revenues and propelled the company into the upper echelon of the energy-trading volume rankings. Pursuant to a settled cease-and-desist Order, CMS and Terry Woolley, the former controller of CMS's energy-trading subsidiary, agreed to cease and desist from committing or causing violations of the antifraud, reporting, books and records and internal controls provisions of the federal securities laws. Woolley also agreed to pay a $25,000 penalty."
Current Employee - Professional says"Amazing how seveal associates within your dept., as well as from other area depts., provide positive feedback that you are doing great but your (male) leader provides you the opposite; very negative feedback because "he" has issues (personal and professional) with diversities who are more savvy then "he" is. There is a steady turnover of great people here and the need to clean house and re-evaluate ALL leadership, especially males, is urgently needed to stop the boys club harassment against any and all diversities in every dept."
Outside Operator (Former Employee) says"Was awaiting my bonus for a whole month before being told i wasn't getting it. Very unlikely that they will continue down thus road and kerp valued workers. I hope the dont continue to treat the other new guys the ssme way. I thought it was a great job but training program stinks without any good support.Pay and yearly scheduleOlder workers dont like change no communication drama with management"
Current Employee - Intern says"family relationships - need to move faster"
Electric Distribution Supervisor (Current Employee) says"Limited growth and Development opportunities. Value of employees limited."
Former Employee - Janitorial/General Laborer says"They would be late to pick you up. Consistently they would have you at the wrong work site. Or forget you at a work site. Consistently the work hour's would be different than the pay hour's."
ayudante general (Former Employee) says"Deberían ser más empatico con el empleado y dar más oportunidades para el crecimiento laboral"
Tech says"no money to run the company, poor corp management"
Lead Instrument and Controls Technician (Former Employee) says"Accountable for seven Instrument, Controls and Electrical Technicians in the department.Accountable for Plant electrical maintenance/troubleshooting for three GE 7FA’s, two HRSG, three boilers and one 300MW steam turbineProgramming, electrical maintenance, and troubleshooting of VFD, PLC, instrumentation, and different computer managed systems."
In The News
RTO Insider reports"CMS Energy Stays Course Despite Virus Havoc"
Times of India reports"Foods that absorb negative energy and the right way to use them"
Economic Times reports"Softbank-backed SB Energy singed; pulls maiden $600 million bond after poor investor demand"
Simply Wall St reports"CMS Energy (NYSE:CMS) Use Of Debt Could Be Considered Risky"