Nvidia among investors in xAI’s $20 bln capital raise- Bloomberg
JACKSON, Mich. - Consumers Energy, a $21.5 billion market cap utility company with a track record of 18 consecutive years of dividend increases, announced Thursday that it will appoint Norm Kapala as vice president of grid operations restoration and work management and Steve Champine as vice president of gas operations, effective October 1.
Kapala, who joined the company in 2008, previously served as vice president of gas operations and has held leadership roles across both electric and gas operations. He began his career as an engineer in generation operations and is a veteran of the U.S. Marine Corps Reserve and Navy Reserve.
Champine currently serves as senior executive director of gas operations, overseeing gas transmission, storage, compression and construction. With over 20 years of experience in the energy industry, he has worked in both gas and electric operations since starting at the Karn Generating Station.
"I’m pleased to share we are bolstering our leadership in both gas and electric with these two experienced, proven leaders who will continue our commitment to serve Michigan with reliable and dependable energy," said Tonya Berry, executive vice president and chief operating officer, in a press release statement.
Consumers Energy is Michigan’s largest energy provider, serving 6.8 million residents across all 68 counties in Michigan’s Lower Peninsula with natural gas and electricity services.
In other recent news, CMS Energy reported second-quarter 2025 adjusted earnings per share of $0.71, surpassing the consensus estimate of $0.68. Following this earnings announcement, Mizuho increased its price target for CMS Energy from $68 to $74, while maintaining a Neutral rating on the stock. The company also reaffirmed its adjusted earnings per share growth at the high end of its 6-8% range. Additionally, CMS Energy declared a quarterly dividend of 54.25 cents per share on its common stock, payable on August 29, 2025, to shareholders of record as of August 8, 2025. Consumers Energy, a subsidiary of CMS Energy, declared a quarterly dividend of $1.125 per share on its preferred stock, with payment scheduled for October 1, 2025. Furthermore, Consumers Energy announced plans to upgrade 135 miles of natural gas pipelines across 15 Michigan communities, involving over 600 employees and contractors. These developments highlight CMS Energy’s ongoing financial performance and infrastructure investments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.