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CMS Energy's Management Presents At Barclays CEO Energy/Power Conference (Transcript)

Stocks in this article: CMS

Now on this slide you see just a simple version of the model that we've described, because we talk here about enablers. And you might say, well, what the heck does that mean, and why does it make you any different from other companies. And I don't like to brag like we are substantially different. We're very utility, like but we work very hard to give ourselves a little bit of an edge for you and for our customers.

So when we talk about enablers, that means the Energy Law that was a comprehensive law that came into place at the end of 2008 big deal for our company, it has many features that you’re familiar with, I won't go through now, and there are ways to make those features work even better, but that's a great enabler to us. We have supported regulation, and I'll tell you right now, before I even get to the slides, that if we were to gather a year ago, I would have described the situation like this, if this is – some time ago, not Dan, but my hand over here, and some time ago, you would have said that – you're not even average, you really don't have a good relationship with your regulators, is this okay?

But when the Energy Law came along, it created a platform for a much better constructive relationship, which raised that relationship a lot, in part because the commissioners, our Public Service Commission actually were very involved in creation of the Energy Law. So they love some aspects, they love some less than other aspects, but they were part of it all. So the implementation of that brought us to any higher level.

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