$CMS

The U.S. Court of Appeals overturned a DOE order to keep the J.H. Campbell coal plant in Michigan open, potentially saving Wisconsin ratepayers $117 million. The plant's operator, Consumers Energy, spent $295 million to keep it running. The DOE argued closure could cause electricity shortages. The court ruled the DOE lacked authority to force the plant's operation. Wisconsin ratepayers still owe over $1 billion in costs for retired coal plants.

Peter Thiel's fund, Thiel Macro LLC, reported $418.7M in US stock holdings as of 30 June 2026, with Amazon as the largest position at $118M. The portfolio is heavily weighted towards power and energy names, which account for 71.82% of the total value. The filing follows two quarters with no reported holdings.

Jefferies maintained a 'Hold' rating for CMS Energy (CMS) but lowered its price target from $78 to $74. CMS is currently trading at $66.34, which is 12.1% below its GF Value™ of $75.51, according to GuruFocus. The company has a GF Score™ of 69/100, indicating moderate performance. Six gurus hold positions in CMS, with mixed activity in recent quarters.

A federal appeals court vacated the DOE's order to delay the retirement of Consumers Energy's J.H. Campbell coal plant, citing state authority over energy resources. The court ruled the DOE lacked authority under the Federal Power Act. The plant's retirement was approved by state and regional entities. The DOE could appeal. Consumers Energy reported $259M net cost for compliance.

A federal appeals court ruled the U.S. Department of Energy exceeded its authority in keeping Michigan's J.H. Campbell Coal Plant open, vacating the order. The plant's owner, Consumers Energy, had planned to retire it. The ruling may impact similar orders for plants in Indiana, including those operated by CenterPoint Energy and NIPSCO, which have complied with the DOE's extensions.

A U.S. appeals court overturned a DOE order to keep the J.H. Campbell coal plant in Michigan open, sparing Wisconsin ratepayers from covering its operating costs. The DOE had argued the plant's closure could cause electricity shortages, but the court questioned its authority. Consumers Energy, the plant's operator, spent at least $295 million to keep it running. Wisconsin Gov. Tony Evers and ratepayer groups opposed the extension.

The Michigan Public Service Commission delayed a decision on Consumers Energy's proposed sale of its hydroelectric dams to Confluence Hydro. The company extended the timetable for 60 days to negotiate with opponents, citing public support for the sale. The commission's inaction follows a June ruling that the sale is not in the public interest.

CMS Energy (NYSE: CMS) faces operational uncertainty after a court ruling invalidated an extension for its J.H. Campbell coal plant. The company's GF Value™ suggests it is 11.1% undervalued, but its financial health is weak, with a GF Score™ of 69. Insiders have sold more shares than they bought, while guru ownership remains stable. CMS's P/S ratio is 2.34x, slightly below its historical median.

A federal appeals court ruled that the DOE exceeded its authority by forcing a Michigan coal plant to stay open beyond its planned 2025 closure. The decision impacts the Trump administration's efforts to keep aging coal plants operational. The plant's continued operation cost its owner, Consumers Energy, $295 million from May 2025 to June 2026, according to the Michigan attorney general's office.

A U.S. appeals court ruled that the Trump administration's order to keep the J.H. Campbell coal plant in Michigan open was illegal, as the Department of Energy lacks authority to override state-approved plant retirement plans. The plant, operated by Consumers Energy, was set to close in 2025. The state of Michigan sued, citing $295 million in costs. The court ruled that the federal law cited by the Trump administration was not intended for such state decision-making.