CMS Energy Corp Q3 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Andrew Marc Weisel - Scotiabank Global Banking and Markets, Research Division - Analyst : A lot of good detail. So I've just got 2 quick ones for you. One housekeeping and one big picture. First, it looks like the overall liquidity fell by about $1 billion, mostly related to lower unrestricted cash balance. Is that a timing issue? And will it reverse? Or are you comfortable with the overall liquidity at around $2 billion versus over $3 billion, previously?

Question: Andrew Marc Weisel - Scotiabank Global Banking and Markets, Research Division - Analyst : Yes. It's definitely a capital raising bonanza in March and April. That makes sense. My other question is maybe a little esoteric, but you talked a bit about Michigan's naturally occurring natural gas storage fields in the context of hydrogen potentially being your one of the next big things. Do you know geologically, could those storage fields store hydrogen? Patricia Poppe;CEO We are studying that. We understand that it's likely that they can. And so we do find that intriguing. And as we're doing our long-term gas planning, wondering and looking for opportunities to pilot being able to use hydrogen in a different way, whether it's as a portion of our mix, whether we would use it in some blend in our power generating at our gas -- natural gas power plants or just in the system. So we're doing a lot of homework and study on hydrogen right now. We've joined with EPRI and their carbon studies. So we're excited about learning more. And we have a feeling that Michigan is going to be extraordinarily well positioned if, in fact, that transformation starts to occur.