Strong Financial Performance: CMS Energy reported adjusted earnings per share (EPS) of $1.73 for the first half of 2025, significantly ahead of expectations and 32% higher compared to the same period in 2024. The company reaffirmed its full-year guidance of $3.54 to $3.60 per share, indicating confidence in achieving the high end of the range.

Growth in Load from Data Centers: A new agreement with a data center is expected to add up to 1 gigawatt of load, which is incremental to the planned 9-gigawatt pipeline. Initial capacity from this load is projected to begin ramping up in 2029 or 2030, providing long-term growth potential and enhancing operational flexibility in resource mix.

Integrated Resource Plan (IRP) and Capital Investment: CMS Energy highlighted an anticipated additional $5 billion opportunity above the existing 5-year capital plan, driven by capacity needs due to projected 2% to 3% annual sales growth, the retirement of existing plants, and the renewal of a significant Power Purchase Agreement (PPA) expiring in 2030.