Julianna Dumlao-Smith's questions to CMS Energy Corp (CMS) leadership • Q2 2024
Question
Julianna Dumlao-Smith asked for clarification on the drivers of the company's outperformance and the rationale behind the increased debt issuance plan for the year.
Answer
CFO Rejji Hayes clarified that the modest increase in planned debt issuance is simply to rebalance the utility's capital structure following recent rate case outcomes. He attributed the outperformance to a combination of constructive rate relief, strong results from the NorthStar non-utility business, and effective cost management, which have offset headwinds from weather and storms.