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News Release CMS ENERGY Exhibit 99.1 • • CMS Energy Announces the Strategic Sale of EnerBank USA to Regions Bank for $ 960 Million Simplifies CMS Energy's investment thesis with a pure focus on energy Exits a non - core business at a compelling valuation of 3.0x book equity Funds key initiatives in core utility businesses ( including clean energy transformation ) and eliminates equity issuance needs from 2022 to 2024 Improves risk - profile Preserves CMS Energy's long - term adjusted EPS growth rate of 6 to 8 percent * JACKSON , Mich . , June 8 , 2021 – CMS Energy ( NYSE : CMS ) ( “ CMS " ) today announced that it has executed a definitive agreement to sell its wholly- owned subsidiary , EnerBank USA , to Regions Bank , a subsidiary of Regions Financial Corporation ( NYSE : RF ) ( " Regions " ) for cash in a transaction valued at $ 960 million . The transaction is expected to close in the fourth quarter of 2021 , subject to receipt of required regulatory approvals and satisfaction of other customary closing conditions . 2021 Adjusted EPS Guidance ^ Consolidated ( Reaffirmed ) Continuing Operations ( Introduced ) Annual Dividend ( No Change ) Financial Outlook Amount $ 2.83 - $ 2.87 * $ 2.61 - $ 2.65 * $ 1.74 Introduced 2022 Adjusted EPS ^ Consolidated / Continuing Operations ^ Assumes transaction closes at year - end 2021 Amount $ 2.85 - $ 2.87 * “ EnerBank has been a great part of the CMS Energy family , has delivered exceptional value to all stakeholders and we are excited for its future with Regions , " said Garrick Rochow , President and CEO of CMS Energy . " This transaction improves CMS Energy's risk profile and keeps us on track to deliver 6 to 8 percent long - term adjusted EPS growth for our investors . "