CMS Energy Corporation

Good morning, everyone, and welcome to the CMS Energy 2022 first quarter results issued earlier today and the presentation used in this webcast are available on CMS Energy's website in the investor relations section. This call is being recorded. After the presentation, we will conduct a question and answer session. Instructions will be provided at that time. If at any time during the conference you need to reach an operator, please press the star followed by zero. Just a reminder, there will be a rebroadcast of this conference call today beginning at 12 p.m. Eastern Time running through May 10th. This presentation is also being webcast and is available on CMS Energy's website in the Investor Relations section. At this time, I would now like to turn the call over to Mr. Sri Matipati, Treasurer and Vice President of Finance and Investor Relations.

Thank you, Austin. Good morning, everyone, and thank you for joining us today. With me are Derek Rochelle, President and Chief Executive Officer, and Reggie Hayes, Executive Vice President and Chief Financial Officer. This presentation contains forward-looking statements which are subject to risk and uncertainty. Please refer to our SEC filings for more information regarding the risks and other factors that could cause our actual results to differ materially. This presentation also includes non-GAAP measures. For conciliations of these measures, the most directly comparable GAAP measures are included in the appendix and posted on our website. Now I'll turn the call over to Gary.

Thanks, Sri, and thank you, everyone, for joining our call today. I'm pleased to share the great progress we have made over the quarter and with our IRP. You've heard me speak about our simple investment thesis on many of these calls. It has withstood the test of time. And this quarter was no different. The industry leading net zero commitments. These aren't just words. They're evident in our actions and our results. Our IRP settlement paves the way to be out of coal by 2025. One of the first utilities in the nation to achieve such a milestone. Our recently announced net zero goal for our gas system is not just a dream, but evident and proof point in our net zero methane targets, and a 20% reduction in customer emissions by 2030. Excellent, says the EUA. I can't think of a more important time, given inflation and supply chain constraints, for our industry-leading cost management muscle to play out. Reggie will walk through specifics in his prepared remarks, but I continue to be confident in our ability to offset inflationary pressure and alleviate supply chain concerns. This means keeping customer bills affordable through our CE way lean operating system. Top tier regulatory jurisdiction. The IRP settlement once again demonstrates a constructive regulatory environment in Michigan, delivering important industry-leading outcomes for all. I'd be remiss if I didn't thank the Michigan Public Service Commission staff, the Michigan Attorney General, customer groups, environmental organizations, energy trade representatives, and the consumer's energy work team for the constructive dialogue that led to settlement and a 20-year blueprint to meet Michigan's energy needs while protecting the environment for future generations. All of this, along with the fundamentals of our simple but impactful investment thesis, leads to a consistent, premium, total shareholder return for you, our investors. At CMS Energy, we deliver for all our stakeholders and what you can count on. Now, let me get on with sharing the great news of the IRP and our quarter.