CMS Energy (CMS) risk factors

Item 1A of every CMS Energy Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2025 10-K risk factors
33 risks1 new2 dropped9 reworded
Capital market volatility and credit disruptions are newly highlighted risks for CMS Energy and its counterparties this year.
Filed Feb 10, 2026
FY2024 10-K risk factors
34 risks
Consumers faces strict regulatory oversight, rate caps, and environmental mandates impacting its capital plans and generation assets.
Filed Feb 11, 2025