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    Ross Carlo

    Research Analyst at Bank of America

    Ross Carlo is an Equity Research Analyst at Bank of America, focusing on the utilities sector and notably covering companies such as CMS Energy Corp. His performance track record includes public participation in corporate earnings calls, demonstrating sector expertise and engagement with key industry players, though comprehensive public metrics on success rates or rankings remain limited. Carlo's career at Bank of America has spanned recent years, with industry data indicating analyst activity as of late 2024, but publicly available information on prior roles or a detailed career timeline is currently unavailable. Professional credential records, such as FINRA licensing or securities registrations, have not been confirmed in available sources.

    Ross Carlo's questions to CMS ENERGY (CMS) leadership

    Ross Carlo's questions to CMS ENERGY (CMS) leadership • Q3 2024

    Question

    Ross Carlo of Bank of America asked how the state's 2.5-gigawatt storage target could be affected by potential shifts in federal battery tax credits. He also inquired about the strategy for NorthStar's open capacity positions, asking if CMS would wait for MISO auction results before securing more bilateral contracts.

    Answer

    President and CEO Garrick Rochow explained that storage needs will be detailed in the 2026 Integrated Resource Plan (IRP), which will consider any changes to tax incentives. EVP and CFO Rejji Hayes added that a full repeal of the IRA seems like a low-probability event, given its benefits to many states, but Michigan's clean energy law would still mandate compliance regardless. Regarding NorthStar, Rochow stated their strategy is to de-risk earnings by layering in bilateral contracts over time rather than trying to time the market or wait for auction outcomes.

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