File No. 69-333
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT #1 TO
FORM U-3A-2
STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION UNDER
RULE U-3A-2 FROM THE PROVISIONS OF THE PUBLIC UTILITY
HOLDING COMPANY ACT OF 1935
_______________________________________________
TO BE FILED ANNUALLY PRIOR TO JUNE 7, 2002
_______________________________________________
CONSUMERS ENERGY COMPANY
(Name of Company)
hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a
holding company from the provisions of the Public Utility Holding Company Act of 1935, and submits the following
information:
JUNE 7, 2002
1. Name, state of organization, location and nature of business of claimant and every subsidiary thereof, other
than any exempt wholesale generator (EWG) or foreign utility company in which claimant directly or indirectly
holds an interest.
Consumers Energy Company
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers Energy Company is a Michigan corporation engaged in the generation, purchase, distribution and sale
of electricity, and in the purchase, storage, transmission, distribution and sale of natural gas, in the lower
peninsula of the state of Michigan.
1. CMS Engineering Co.
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
CMS Engineering Company is a Michigan corporation engaged in offering design, engineering, project management
and related construction services to natural gas utilities, natural gas exploration and production companies,
and other energy businesses.
2. CMS Midland Holdings Company
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
CMS Midland Holdings Company is a Michigan corporation involved as a Limited Partner in the First Midland
Limited Partnership, a Delaware limited partnership, which leases assets to the Midland Cogeneration Venture
Limited Partnership, a Michigan limited partnership.
3. CMS Midland, Inc.
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
CMS Midland, Inc. is as Michigan corporation engaged as a 49% General Partner in the Midland Cogeneration
Venture Limited Partnership, a Michigan limited partnership.
4. Consumers Campus Holdings, LLC
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers Campus Holdings, LLC is a Michigan limited liability company formed for the purpose of being the
lessee in the synthetic lease financing of the new Consumers Energy Company office building to be located in
downtown Jackson, Michigan.
5. Consumers EnergyGuard Services, Inc.
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers EnergyGuard Services, Inc., is a Michigan corporation formed for the purpose of marketing EnergyGuard,
a residential bill payment insurance product to Consumers' residential customers.
6. Consumers Funding LLC
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers Funding LLC is a Delaware limited liability company formed for the purpose of acting as assignee of
property transferred by Consumers and issuer of securitization bonds.
7. Consumers Nuclear Services, LLC
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers Nuclear Services, LLC is a Michigan limited liability company formed for the purpose of holding the
20% member interest in Nuclear Management LLC.
7.1 Nuclear Management Company, LLC (20%)
Address: 700 First Street, Hudson, Wisconsin 54016
Nuclear Management Company, LLC is a Wisconsin limited liability company formed to achieve enhanced
reliability and continued safe operation, to pursue overall excellence in nuclear power operations,
as well as to identify efficiencies in the provision of operating services to nuclear facilities.
8. Consumers Receivables Funding, LLC
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers Receivables Funding, LLC is a Delaware limited liability company formed to buy certain accounts
receivables from Consumers Energy Company and sell them to a third party.
9. ES Services Company
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
ES Services Company is a Michigan corporation formed for the purpose of offering design, engineering, project
management and related services primarily to electric utilities and generation facilities.
10. MEC Development Corp.
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
MEC Development Corp. is a Michigan corporation that previously held assets transferred to and holder of certain
bonds issued by the Midland Cogeneration Venture Limited Partnership, a Michigan limited partnership.
11. Michigan Electric Transmission Company
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Michigan Electric Transmission Company is a Michigan corporation formed for the purpose of owning electric
transmission facilities acquired from Consumers. It was merged with and into Michigan Electric Transmission
Company LLC (a Michigan limited liability company) on April 30, 2002, immediately sold to Michigan Transmission
Limited Holding Partner.
12. Michigan Gas Storage Company
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Michigan Gas Storage Company is a Michigan corporation and a natural gas company within the meaning of the
Natural Gas Act engaged in the interstate transportation and storage of gas for a number of customers including
Consumers.
13. Consumers Parnall Holdings, LLC
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers Parnall Holdings, LLC is a Michigan limited liability corporation formed for the
purpose of holding the interest of CEC Investments I, Inc. and related to the Parnall Road
building pending a purchase of the title to the land by Consumers.
14. Consumers Power Company Financing I
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers Power Company Financing I is a Delaware Trust established to issue Trust Preferred Securities.
15. Consumers Energy Company Financing II
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers Energy Company Financing II is a Delaware Trust established to issue Trust Preferred Securities.
16. Consumers Energy Company Financing III
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers Energy Company Financing III is a Delaware Trust established to issue Trust Preferred Securities.
17. Consumers Energy Company Financing IV
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers Energy Company Financing IV is a Delaware Trust established to issue Trust Preferred Securities.
18. Consumers Energy Company Financing V
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers Energy Company Financing V is a Delaware Trust established to issue Trust Preferred Securities.
2. A brief description of the properties of claimant and each of its subsidiary public utility companies used for the
generation, transmission and distribution of electric energy for sale, or for the production, transmission and distribution
of natural or manufactured gas, indicating the location of principal generating plants, transmission lines, producing
fields, gas manufacturing plants, and electric and gas distribution facilities, including all such properties which are
outside the State in which claimant and its subsidiaries are organized and all transmission or pipelines which deliver or
receive electric energy or gas at the borders of such State.
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Claimant's subsidiary Consumers is a public utility. Its property and facilities used for the above-described purposes are
located within the State of Michigan and are described below.
(1) Electric Properties
Consumers' electric generation is supplied by the following plants:
2001 2001
Summer Net Demonstrated
Size and Year Capability (kWhs) Net Generation
Name and Location (Michigan) Entering Service (Thousands of
kWhs)
Coal Generation
J H Campbell 1&2 - West Olive 2 Units, 1962-1967 615,000 3,654,739
J H Campbell 3 - West Olive 1 Unit, 1980 765,140(a) 5,612,688
D E Karn - Essexville 2 Units, 1959-1961 515,000 3,611,668
B C Cobb - Muskegon 2 Units, 1956-1957 316,000 2,029,002
J R Whiting - Erie 3 Units, 1952-1953 326,000 2,119,458
J C Weadock - Essexville 2 Units, 1955-1958 310,000 2,175,729
Total Coal Generation 2,847,140 19,203,284
Oil/Gas Generation
B C Cobb - Muskegon 3 Units, 1999-2000 183,000 58,328
D E Karn - Essexville 2 Units, 1975-1977 1,276,000 928,427
Total Oil/Gas Generation 1,459,000 986,755
Hydroelectric
Conventional Hydro Generation 13 Plants, 1907-1949 73,540 422,576
Ludington Pumped Storage 6 Units, 1973 954,700(b) (553,135)(c)
Total Hydroelectric 1,028,240 (130,559)
Nuclear Generation
Palisades - South Haven 1 Unit, 1971 760,000 2,325,720
Total Nuclear Generation 760,000 2,325,720
Gas/Oil Combustion Turbine
Generation 8 Plants, 1966-1999 346,800(d) 14,711
Total Gas/Oil Combustion Turbine 346,800 14,711
Total owned generation 6,441,180 22,399,911
Purchased and Interchange Power Capacity 1,644,180(e)
TOTAL 8,085,360
(a) Represents Consumers' share of the capacity of the J H Campbell 3, net of 6.69 percent (ownership interests
of the Michigan Public Power Agency and Wolverine Power Supply Cooperative, Inc.).
(b) Represents Consumers' share of the capacity of Ludington. Consumers and Detroit Edison have 51 percent and
49 percent undivided ownership, respectively, in the plant.
(c) Represents Consumers' share of net pumped storage generation. This facility electrically pumps water during
off-peak hours for storage to later generate electricity during peak-demand hours.
(d) Includes 1.8 MW of distributed generation.
(e) Includes 1,240 MW of purchased contract capacity from the MCV Facility.
Electric subtransmission and distribution lines are located on or under public highways, streets, alleys or lands,
except where they are located on or under easements or other rights. Consumers owns 340 miles of high voltage
distribution radial lines. The subtransmission system consists of 4,152 structural miles of overhead lines and 16
subsurface miles of underground lines. The distribution system consists of 54,380 structural miles of overhead lines
and 7,801 subsurface miles of underground lines.
Consumers owns substations having an aggregate transformer capacity of 28,868,000 kilovoltamperes.
On April 1, 2001, Consumers transferred its investment in electric transmission lines and substations to a wholly
owned subsidiary, Michigan Electric Transmission Company (METC) and on May 1,
2002 sold the entire electric transmission system to an independent third party. The transmission system consists of 4,288
structural miles of overhead lines.
METC owned substations having an aggregate transformer capacity of 12,015,660 kilovoltamperes.
Consumers is interconnected with certain Michigan and neighboring utilities. Consumers owns the land and
rights-of-way and METC owns the non-land assets which connect with the electric transmission lines that deliver
electric energy at or near the Michigan state border to:
Indiana & Michigan Electric Company at the following interconnection points: Palisades-Cook No. 1, Palisades-Cook No.
2, Argenta-Robinson Park and Argenta-Twin Branch; and Northern Indiana Public Service Company at the following
interconnection point: Barton Lake-Batavia.
(2) Gas Properties
Consumers' gas distribution and transmission system consists of 24,746 miles of distribution mains and 1,099 miles of
transmission lines throughout Michigan's lower peninsula. It owns and operates six compressor stations with a total of 113,680
installed horsepower. Consumers has 11 gas storage fields located across Michigan with an aggregate storage capacity of 221.3 bcf.
Michigan Gas Storage's transmission system consists of 521 miles of pipelines within Michigan's lower peninsula. It owns and
operates two compressor stations with a total of 53,500 installed horsepower. Michigan Gas Storage has three gas storage fields
located in Osceola, Clare and Missaukee counties of Michigan with an aggregate storage capacity of 109.5 bcf.
In November 2001, Michigan Gas storage filed an application with the Federal Energy Regulatory Commission for a declaration of
exemption from provisions of the National Gas Act. Upon approval of the application, it is intended that Michigan Gas Storage and
its facilities would be merged into Consumers Energy Company.
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3. The following information for the last calendar year with respect to claimant and each of its subsidiary public
utility companies:
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ELECTRIC ENERGY
(a) Number of kWh of electric energy sold (at retail or wholesale).
kWh
Total Electric Energy Sold 38,934,189,814
(b) Number of kWh of electric energy distributed at retail outside Michigan.
kWh
Total Electric Energy Distributed Outside of the State of
Michigan 0
(c) Number of kWh of electric energy sold at wholesale outside Michigan or at Michigan's state line.
kWh
Total Electric Energy Sold at Wholesale Outside 1,922,071,000
the State of Michigan or at Michigan's State Line.
(d) Number of kWh of electric energy purchased outside Michigan or at Michigan's state line.
kWh
Total Electric Energy Purchased Outside of Michigan 6,932,983,000
NATURAL GAS
CMS Energy information reports for natural gas, as it does not deal with or in manufactured gas.
(a) Number of Mcf of natural gas distributed at retail.
Mcf
Total Natural Gas Distributed at Retail 230,729,000
(b) Number of Mcf of natural gas distributed at retail outside Michigan.
Mcf
Total Natural Gas Distributed at Retail 0
Outside the State of Michigan
(c) Number of Mcf of natural gas sold at wholesale outside Michigan or at Michigan's state line.
Mcf
Total Natural Gas Sold at Wholesale Outside Michigan or at 0
Michigan's State Line.
(d) Number of Mcf of natural gas purchased outside Michigan.
Mcf
Total Natural Gas Purchased Outside of Michigan 239,839,000
4. The following information for the reporting period with respect to claimant and each interest it holds directly or
indirectly in an EWG or a foreign utility company, stating monetary amounts in United States dollars:
(a) Name, location, business address and description of the facilities used by the EWG or foreign utility company for the
generation, transmission and distribution of electric energy for sale or for the distribution at retail of natural or
manufactured gas;
NONE
(b) Name of each system company that holds an interest in such EWG or foreign utility company; and description of the interest
held;
NONE
(c) Type and amount of the capital invested, directly or indirectly, by the holding company claiming exemption; any direct or
indirect guarantee of the security of the EWG or foreign utility company by the holding company claiming exemption; and
any debt or other financial obligation for which there is recourse, directly or indirectly, to the holding company
claiming exemption or another system company, other than the EWG or foreign utility company;
NONE
(d) Capitalization and earnings of the EWG or foreign utility company during the reporting period; and
NONE
(e) Identify any service, sales or construction contract(s) between the EWG or foreign utility company and a system company,
and describe the services to be rendered or goods sold and fees or revenues under such agreement(s).
NONE
Exhibit A-1 Consolidating statement of income and surplus of Claimant and its subsidiary companies for the calendar year 2001,
together with a consolidating balance sheet of Claimant and its subsidiary companies as of the close of such calendar year.
Exhibit B- Not Applicable
The above-named Claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 7th day of
June, 2002.
CONSUMERS ENERGY COMPANY
A Michigan corporation
[CORPORATE SEAL] By: /s/David A. Mikelonis .
David A. Mikelonis
Senior Vice President and General Counsel
ATTEST:
/s/Michael D. VanHemert
Michael D. VanHemert
Assistant Secretary
Name, title, and address of officer to whom notices and correspondence concerning this Statement should be addressed:
David A. Mikelonis
Senior Vice President and
General Counsel
Consumers Energy Company
2123 West Michigan Avenue
Jackson, Michigan 49201
EXHIBIT A
A consolidating statement of income and surplus of Consumers Energy Company and its subsidiary companies for the last calendar
year, together with a consolidating balance sheet of Consumers Energy Company and its subsidiary companies as of the close of such
calendar year is attached.
CONSUMERS ENERGY COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
Michigan CMS
Consumers Electric Midland CMS
Energy Transmission Consumers Holdings Midland
Company Company Funding LLC Company Inc.
Operating Revenue
Electric $2,649 $82 $0 $0 $0
Gas 1,337 0 0 0 0
Other (1) 0 0 14 24
---------------- --------------- -------------- ------------ ----------
---------------- --------------- -------------- ------------ ----------
Total operating revenue 3,985 82 0 14 24
---------------- --------------- -------------- ------------ ----------
---------------- --------------- -------------- ------------ ----------
Operating Expenses
Fuel for electric generation 330 0 0 0 0
Purchased power -
related parties 604 0 0 0 0
Purchased and interchange
Power 476 0 0 0 0
Cost of gas sold 707 0 0 0 0
Cost of gas sold-
related parties 143 0 0 0 0
Loss on power purchases agreement-
MCV Partnership 126 0 0 0 0
Other 621 27 0 0 0
Maintenance 199 10 0 0 0
Depreciation, depletion
and amortization 328 8 0 0 2
General Taxes 181 4 0 0 0
---------------- --------------- -------------- ------------ ----------
---------------- --------------- -------------- ------------ ----------
Total operating expenses 3,715 49 0 0 2
---------------- --------------- -------------- ------------ ----------
---------------- --------------- -------------- ------------ ----------
Pretax Operating Income 270 33 0 14 22
---------------- --------------- -------------- ------------ ----------
---------------- --------------- -------------- ------------ ----------
Other Income (Deductions)
Dividends and interest
From affiliates 7 1 3 0 1
Accretion expense (10) 0 0 0 0
Other, net 56 0 0 0 0
---------------- --------------- -------------- ------------ ----------
Total other income
(deductions) 53 1 3 0 1
---------------- --------------- -------------- ------------ ----------
---------------- --------------- -------------- ------------ ----------
Interest Charges
Interest on long-term debt 148 0 3 0 0
Other interest 88 0 0 0 0
Capitalized interest (6) 0 0 0 0
---------------- --------------- -------------- ------------ ----------
---------------- --------------- -------------- ------------ ----------
Net interest charges 230 0 3 0 0
---------------- --------------- -------------- ------------ ----------
---------------- --------------- -------------- ------------ ----------
Net Income (Loss) Before Income Taxes 93 34 0 14 23
Income Taxes 24 12 0 3 8
---------------- --------------- -------------- ------------ ----------
---------------- --------------- -------------- ------------ ----------
Net Income (Loss) Before Cumulative
Effect of Change in Accounting 69 22 0 11 15
Principle
Cumulative Effect of Change in
Accounting for Derivative (11) 0 0 0 0
Instruments
---------------- --------------- -------------- ------------ ----------
---------------- --------------- -------------- ------------ ----------
58 22 0 11 15
Preferred Stock Dividends 2 0 0 0 0
Preferred Stock Distribution 0 0 0 0 0
---------------- --------------- -------------- ------------ ----------
Michigan CMS
Consumers Electric Midland CMS
Energy Transmission Consumers Holdings Midland
Company Company Funding LLC Company Inc.
Net Income (Loss) Available
To Common Stockholder 56 22 0 11 15
Dividends on Common Stock 190 0 0 0 0
---------------- --------------- -------------- ------------ ----------
---------------- --------------- -------------- ------------ ----------
Net Income (Loss) After Common
Dividends $(134) $22 $0 $11 $15
---------------- --------------- -------------- ------------ ----------
CONSUMERS ENERGY COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2001 (Continued)
(In Millions)
ES Consumers Consumers Consumers Consumers
Services CMS MEC Power Energy Energy Energy
Company Engineering Development Company Company Company Company
(1) Company (2) Corporation Financing I Financing Financing III Financing
(3) II IV
Operating Revenue
Electric $0 $0 $0 $0 $0 $0 $0
Gas 0 0 0 0 0 0 0
Other 5 1 0 0 0 0 0
---------- -------------- --------------- -------------- ------------ --------------- ------------
---------- -------------- --------------- -------------- ------------ --------------- ------------
Total operating revenue 5 1 0 0 0 0 0
---------- -------------- --------------- -------------- ------------ --------------- ------------
---------- -------------- --------------- -------------- ------------ --------------- ------------
Operating Expenses
Fuel for electric generation 0 0 0 0 0 0 0
Purchased power -
Related parties 0 0 0 0 0 0 0
Purchased and interchange
Power 0 0 0 0 0 0 0
Cost of gas sold 0 0 0 0 0 0 0
Cost of gas sold- 0 0 0 0 0 0 0
Related parties
Loss on power purchases agreement-
MCV Partnership 0 0 0 0 0 0 0
Other 5 1 0 0 0 0 0
Maintenance 0 0 0 0 0 0 0
Depreciation, depletion
and amortization 0 0 0 0 0 0 0
General Taxes 0 0 0 0 0 0 0
---------- -------------- --------------- -------------- ------------ --------------- ------------
---------- -------------- --------------- -------------- ------------ --------------- ------------
Total operating expenses 5 1 0 0 0 0 0
---------- -------------- --------------- -------------- ------------ --------------- ------------
---------- -------------- --------------- -------------- ------------ --------------- ------------
Pretax Operating Income 0 0 0 0 0 0 0
---------- -------------- --------------- -------------- ------------ --------------- ------------
---------- -------------- --------------- -------------- ------------ --------------- ------------
Other Income (Deductions) 0 0 0 0 0 0 0
Dividends and interest
from affiliates 0 0 0 9 10 17 6
Accretion expense 0 0 0 0 0 0 0
Other, net 0 0 0 0 0 0 0
---------- -------------- --------------- -------------- ------------ --------------- ------------
Total other income
(deductions) 0 0 0 9 10 17 6
---------- -------------- --------------- -------------- ------------ --------------- ------------
---------- -------------- --------------- -------------- ------------ --------------- ------------
Interest Charges
Interest on long-term debt 0 0 0 0 0 0 0
Other interest 0 0 0 0 0 0 0
Capitalized interest 0 0 0 0 0 0 0
---------- -------------- --------------- -------------- ------------ --------------- ------------
---------- -------------- --------------- -------------- ------------ --------------- ------------
Net interest charges 0 0 0 0 0 0 0
---------- -------------- --------------- -------------- ------------ --------------- ------------
---------- -------------- --------------- -------------- ------------ --------------- ------------
Net Income (Loss) Before Income
Taxes 0 0 0 9 10 17 6
Income Taxes 0 0 0 0 0 0 0
---------- -------------- --------------- -------------- ------------ --------------- ------------
---------- -------------- --------------- -------------- ------------ --------------- ------------
Net Income (Loss) Before Cumulative
Effect of Change in Accounting 0 0 0 9 10 17 6
Principle
Cumulative Effect of Change in
Accounting for Derivative 0 0 0 0 0 0 0
Instruments
---------- -------------- --------------- -------------- ------------ --------------- ------------
ES Consumers Consumers Consumers Consumers
Services CMS MEC Power Energy Energy Energy
Company Engineering Development Company Company Company Company
(1) Company (2) Corporation Financing I Financing Financing Financing
(3) II III IV
Net Income (Loss) 0 0 0 9 10 17 6
Preferred Stock Dividends 0 0 0 0 0 0 0
Preferred Stock Distribution 0 0 0 9 10 16 6
---------- -------------- --------------- -------------- ------------ ------------ ----------
---------- -------------- --------------- -------------- ------------ ------------ ----------
Net Income (Loss) Available
To Common Stockholder 0 0 0 0 0 1 0
Dividends on Common Stock 0 0 0 0 0 1 0
---------- -------------- --------------- -------------- ------------ ------------ ----------
---------- -------------- --------------- -------------- ------------ ------------ ----------
Net Income (Loss) After Common
Dividends $0 $0 $0 $0 $0 $0 $0
---------- -------------- --------------- -------------- ------------ ------------ ----------
(1) Net Income (Loss) After Common Dividends, not rounded to millions, is $22,868
(2) Net Income (Loss) After Common Dividends, not rounded to millions, is $(2,113)
(3) Net Income (L0ss) After Common Dividends, not rounded to millions, is $(10)
CONSUMERS ENERGY COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2001 (Continued)
(In Millions)
Consumers Consumers InterCompany Consumers
Energy Consumers Parnall Eliminations Energy
Guard Nuclear Michigan Gas Holdings, Company
Services Services, LLC Storage Company LLC (6) Consol.
(4) (5)
Operating Revenue
Electric $0 $0 $0 $0 $(98) $2,633
Gas 0 0 21 0 (20) 1,338
Other 0 0 0 0 0 43
------------ ---------------- ----------------- ------------ ------------ ---------------
------------ ---------------- ----------------- ------------ ------------ ---------------
Total operating revenue 0 0 21 0 (118) 4,014
------------ ---------------- ----------------- ------------ ------------ ---------------
------------ ---------------- ----------------- ------------ ------------ ---------------
Operating Expenses
Fuel for electric generation 0 0 0 0 0 330
Purchased power -
Related parties 0 0 0 0 (61) 543
Purchased and interchange
Power 0 0 0 0 0 476
Cost of gas sold 0 0 0 0 0 707
Cost of gas sold-
Related parties 0 0 0 0 (20) 123
Loss on power purchases
agreement-
MCV Partnership 0 0 0 0 0 126
Other 0 0 9 0 (28) 635
Maintenance 0 0 3 0 (9) 203
Depreciation, depletion
and amortization 0 0 1 0 0 339
General Taxes 0 0 2 0 0 187
------------ ---------------- ----------------- ------------ ------------ ---------------
------------ ---------------- ----------------- ------------ ------------ ---------------
Total operating expenses 0 0 15 0 (118) 3,669
------------ ---------------- ----------------- ------------ ------------ ---------------
------------ ---------------- ----------------- ------------ ------------ ---------------
Pretax Operating Income 0 0 6 0 0 345
------------ ---------------- ----------------- ------------ ------------ ---------------
------------ ---------------- ----------------- ------------ ------------ ---------------
Other Income (Deductions) 0 0 0 0
Dividends and interest
from affiliates 0 0 0 0 (48) 6
Accretion expense 0 0 0 0 0 (10)
Other, net 0 0 0 0 (51) 5
------------ ---------------- ----------------- ------------ ------------ ---------------
------------ ---------------- ----------------- ------------ ------------ ---------------
Total other income
(deductions) 0 0 0 0 (99) 1
------------ ---------------- ----------------- ------------ ------------ ---------------
------------ ---------------- ----------------- ------------ ------------ ---------------
Interest Charges
Interest on long-term debt 0 0 0 0 0 151
Other interest 0 0 0 0 (47) 41
Capitalized interest 0 0 0 0 0 (6)
------------ ---------------- ----------------- ------------ ------------ ---------------
------------ ---------------- ----------------- ------------ ------------ ---------------
Net interest charges 0 0 0 0 (47) 186
------------ ---------------- ----------------- ------------ ------------ ---------------
------------ ---------------- ----------------- ------------ ------------ ---------------
Net Income (Loss) Before Income 0 0 6 0 (52) 160
Taxes
Income Taxes 0 0 2 0 0 49
------------ ---------------- ----------------- ------------ ------------ ---------------
------------ ---------------- ----------------- ------------ ------------ ---------------
Net Income (Loss) Before Cumulative
Effect of Change in Accounting 0 0 4 0 (52) 111
Principle
Cumulative Effect of Change in
Accounting for Derivative 0 0 0 0 0 (11)
Instruments
------------ ---------------- ----------------- ------------ ------------ ---------------
------------ ---------------- ----------------- ------------ ------------ ---------------
Net Income (Loss) 0 0 4 0 (52) 100
Preferred Stock Dividends 0 0 0 0 0 2
Preferred Stock Distribution 0 0 0 0 0 41
------------ ---------------- ----------------- ------------ ------------ ---------------
Consumers Consumers InterCompany Consumers
Energy Consumers Parnall Eliminations Energy
Guard Nuclear Michigan Gas Holdings, Company
Services Services, LLC Storage Company LLC (6) Consol.
(4) (5)
Net Income (Loss) Available
To Common Stockholder 0 0 4 0 (52) 57
Dividends on Common Stock 0 0 0 0 (1) 190
------------ ---------------- ----------------- ------------ ------------ ---------------
------------ ---------------- ----------------- ------------ ------------ ---------------
Net Income (Loss) After Common
Dividends $0 $0 $4 $0 $(51) $(133)
------------ ---------------- ----------------- ------------ ------------ ---------------
------------ ---------------- ----------------- ------------ ------------ ---------------
(4) Net Income (Loss) After Common Dividends, not rounded to millions, is $(17,472)
(5) Net Income (Loss) After Common Dividends, not rounded to millions, is $71,553
(6) Net Income (Loss) After Common Dividends, not rounded to millions, is $78,135
CONSUMERS ENERGY COMPANY
Consolidating Balance Sheet Assets
December 31, 2001
(In Millions)
Michigan CMS
Consumers Electric Midland CMS
Energy Transmission Consumers Holdings Midland
Company Company Funding LLC Company Inc.
Plant (At original cost)
Electric $7,211 $450 $0 $0 $0
Gas 2,475 0 0 0 0
Other 17 0 0 0 0
------------ ------------- ----------------- ---------- ----------
------------ ------------- ----------------- ---------- ----------
9,703 450 0 0 0
Less accumulated depreciation,
depletion and amortization 5,656 219 0 0 0
------------ ------------- ----------------- ---------- ----------
------------ ------------- ----------------- ---------- ----------
4,047 231 0 0 0
Construction work-in-progress 429 29 0 0 0
------------ ------------- ----------------- ---------- ----------
------------ ------------- ----------------- ---------- ----------
4,476 260 0 0 0
------------ ------------- ----------------- ---------- ----------
------------ ------------- ----------------- ---------- ----------
Investments
Stock of affiliates 744 0 0 0 0
First Midland Limited
Partnership 0 0 0 253 0
Midland Cogeneration
Venture Limited Partnership 0 0 0 0 300
------------ ------------- ----------------- ---------- ----------
------------ ------------- ----------------- ---------- ----------
744 0 0 253 300
------------ ------------- ----------------- ---------- ----------
------------ ------------- ----------------- ---------- ----------
Current Assets
Cash and temporary cash
Investments 6 0 4 0 2
Accounts receivable and
accrued revenue 115 17 0 0 0
Accounts receivable -
related parties 46 27 1 0 0
Notes receivable -
related parties 0 0 16 0 10
Inventories at average cost -
Gas in underground storage 569 0 0 0 0
Materials and supplies 63 6 0 0 0
Generating plant fuel stock 52 0 0 0 0
Prepaid property taxes 144 0 0 0 0
Regulatory assets 19 0 0 0 0
Other 4 10 0 0 0
------------ ------------- ----------------- ---------- ----------
------------ ------------- ----------------- ---------- ----------
1,018 60 21 0 12
------------ ------------- ----------------- ---------- ----------
------------ ------------- ----------------- ---------- ----------
Non-current Assets
Regulatory Assets
Securitization costs 717 0 0 0 0
Postretirement benefits 206 0 0 0 0
Abandoned Midland project 12 0 0 0 0
Other 167 0 0 0 0
Nuclear decommissioning
trust funds 581 0 0 0 0
Long-term notes receivables -
related parties 0 0 453 0 0
Other 175 0 0 0 0
------------ ------------- ----------------- ---------- ----------
------------ ------------- ----------------- ---------- ----------
1,858 0 453 0 0
------------ ------------- ----------------- ---------- ----------
------------ ------------- ----------------- ---------- ----------
Total Assets $8,096 $320 $474 $253 $312
-------------- ------------ ----------------- ---------- ----------
CONSUMERS ENERGY COMPANY
Consolidating Balance Sheet Assets
December 31, 2001 Continued
(In Millions)
MEC Consumers Consumers Consumers Consumers
ES Development Power Energy Energy Energy
Services CMS Corporation Company Company Company Company
Company Engineering (2) Financing I Financing Financing Financing
(1) II III IV
Plant (At original cost)
Electric $0 $0 $0 $0 $0 $0 $0
Gas 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0
---------- -------------- ------------ ------------ ------------ ------------- ------------
---------- -------------- ------------ ------------ ------------ ------------- ------------
0 0 0 0 0 0 0
Less accumulated depreciation,
depletion and amortization 0 0 0 0 0 0 0
---------- -------------- ------------ ------------ ------------ ------------- ------------
---------- -------------- ------------ ------------ ------------ ------------- ------------
0 0 0 0 0 0 0
Construction work-in-progress 0 0 0
---------- -------------- ------------ ------------ ------------ ------------- ------------
---------- -------------- ------------ ------------ ------------ ------------- ------------
0 0 0 0 0 0 0
---------- -------------- ------------ ------------ ------------ ------------- ------------
---------- -------------- ------------ ------------ ------------ ------------- ------------
Investments
Stock of affiliates 0 0 0 0 0 0 0
First Midland Limited
Partnership 0 0 0 0 0 0 0
Midland Cogeneration
Venture Limited 0 0 0 0 0 0 0
Partnership
---------- -------------- ------------ ------------ ------------ ------------- ------------
---------- -------------- ------------ ------------ ------------ ------------- ------------
0 0 0 0 0 0 0
---------- -------------- ------------ ------------ ------------ ------------- ------------
---------- -------------- ------------ ------------ ------------ ------------- ------------
Current Assets
Cash and temporary cash
Investments 1 0 0 0 0 0 0
Accounts receivable and
accrued revenue 0 0 0 0 0 0 0
Accounts receivable -
related parties 1 0 0 0 0 0 0
Notes receivable -
related parties 0 0 0 0 0 0 0
Inventories at average cost-
Gas in underground storage 0 0 0 0 0 0 0
Materials and supplies 0 0 0 0 0 0 0
Generating plant fuel stock 0 0 0 0 0 0 0
Regulatory assets 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0
---------- -------------- ------------ ------------ ------------ ------------- ------------
---------- -------------- ------------ ------------ ------------ ------------- ------------
2 0 0 0 0 0 0
---------- -------------- ------------ ------------ ------------ ------------- ------------
---------- -------------- ------------ ------------ ------------ ------------- ------------
Non-current Assets
Regulatory Assets
Securitization costs 0 0 0 0 0 0 0
Postretirement benefits 0 0 0 0 0 0 0
Abandoned Midland project 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0
MEC Consumers Consumers Consumers Consumers
ES Development Power Energy Energy Energy
Services CMS Corporation Company Company Company Company
Company Engineering (2) Financing I Financing Financing Financing
(1) II III IV
Nuclear decommissioning
trust funds 0 0 0 0 0 0 0
Long-term notes receivables-
related parties 0 0 0 103 124 180 124
Other 0 0 0 0 0 0 0
---------- -------------- ------------ ------------ ------------ ------------- ------------
---------- -------------- ------------ ------------ ------------ ------------- ------------
0 0 0 103 124 180 129
---------- -------------- ------------ ------------ ------------ ------------- ------------
---------- -------------- ------------ ------------ ------------ ------------- ------------
Total Assets $2 $0 $0 $103 $124 $180 $129
------------ -------------- ------------ ------------ ---------- --------------- ----------
(1) Total Assets, not rounded to millions, is $316,385
(2) Total Assets, not rounded to millions, is $985
CONSUMERS ENERGY COMPANY
Consolidating Balance Sheet Assets
December 31, 2001 Continued
(In Millions)
Consumers Consumers InterCompany Consumers
Energy Consumers Michigan Parnall Eliminations Energy
Guard Nuclear Gas Holdings, Company
Services Services, LLC Storage LLC Consol.
(3) Company
Plant (At original cost)
Electric $0 $0 $0 $0 $0 $7,661
Gas 0 0 118 0 0 2,593
Other 0 0 0 6 0 23
------------ -------------- ------------ ------------ ------------ -------------
------------ -------------- ------------ ------------ ------------ -------------
0 0 118 6 0 10,277
Less accumulated depreciation,
depletion and amortization 0 0 59 0 0 5,934
------------ -------------- ------------ ------------ ------------ -------------
------------ -------------- ------------ ------------ ------------ -------------
0 0 59 6 0 4,343
Construction work-in-progress 0 0 6 0 0 464
------------ -------------- ------------ ------------ ------------ -------------
------------ -------------- ------------ ------------ ------------ -------------
0 0 65 6
0 4,807
------------ -------------- ------------ ------------ ------------ -------------
------------ -------------- ------------ ------------ ------------ -------------
Investments
Stock of affiliates 0 2 0 0 (687) 59
First Midland Limited
Partnership 0 0 0 0 0 253
Midland Cogeneration
Venture Limited 0 0 0 0 0 300
Partnership
------------ -------------- ------------ ------------ ------------ -------------
------------ -------------- ------------ ------------ ------------ -------------
0 2 0 0 (687) 612
------------ -------------- ------------ ------------ ------------ -------------
Current Assets
Cash and temporary cash
Investments 0 0 3 0 0 16
Accounts receivable and
accrued revenue 0 0 0 0 (7) 125
Accounts receivable -
related parties 0 0 2 0 (60) 17
Notes receivable -
related parties 0 0 0 0 (26) 0
Inventories at average cost-
Gas in underground storage 0 0 0 0 0 569
Materials and supplies 0 0 0 0 0 69
Generating plant fuel stock 0 0 0 0 0 52
Prepaid property taxes 0 0 0 0 0 144
Regulatory assets 0 0 0 0 0 19
Other 0 0 0 0 0 14
------------ -------------- ------------ ------------ ------------ -------------
------------ -------------- ------------ ------------ ------------ -------------
0 0 5 0 (93) 1,025
------------ -------------- ------------ ------------ ------------ -------------
------------ -------------- ------------ ------------ ------------ -------------
Non-current Assets
Regulatory Assets
Securitization costs 0 0 0 0 0 717
Postretirement benefits 0 0 3 0 0 209
Abandoned Midland project 0 0 0 0 0 12
Other 0 0 0 0 0 167
Nuclear decommissioning
trust funds 0 0 0 0 0 581
Long-term notes receivables-
related parties 0 0 0 0 (989) 0
Other 0 0 1 0 0 176
------------ -------------- ------------ ------------ ------------ -------------
------------ -------------- ------------ ------------ ------------ -------------
0 0 4 0 (989) 1,862
------------ -------------- ------------ ------------ ------------ -------------
------------ -------------- ------------ ------------ ------------ -------------
Total Assets $0 $2 $74 $6 $(1,769) $8,306
------------ -------------- ------------ ------------ ------------ -------------
------------ -------------- ------------ ------------ ------------ -------------
(3) Total Assets, not rounded to millions, is $69,786
CONSUMERS ENERGY COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2001
(In Millions)
Michigan CMS CMS
Consumers Electric Consumers Midland CMS ES Engineering
Energy Transmission Funding LLC Holdings Midland Services Company (1)
Company Company Company Inc. Company
Capitalization
Common Stockholders' Equity
Common stock $841 $0 $0 $0 $0 $0 $0
Paid-in-capital 633 198 2 54 168 1 0
Revaluation capital 5 0 0 0 (8) 0 0
Retained earnings 372 22 0 35 137 0 0
------------ ------------- ------------- --------- ---------- ---------- ------------
------------ ------------- ------------- --------- ---------- ---------- ------------
1,851 220 2 89 297 1 0
Preferred stock 44 0 0 0 0 0 0
Company-obligated mandatorily
redeemable preferred
securities of subsidiaries 0 0 0 0 0 0 0
Long-term debt 2,018 0 453 0 0 0 0
Intercompany long-term
notes payable 989 0 0 0 0 0 0
Non-current portion of capital leases 56 0 0 0 0
------------ ------------- ------------- --------- ---------- ---------- ------------
------------ ------------- ------------- --------- ---------- ---------- ------------
4,958 220 455 89 297 1 0
------------ ------------- ------------- --------- ---------- ---------- ------------
------------ ------------- ------------- --------- ---------- ---------- ------------
Current Liabilities
Current portion of long-term
debt and capital leases 240 0 16 0 0 0 0
Notes Payable 416 0 0 0 0 0 0
Intercompany notes payable 26 0 0 0 0 0 0
Accounts payable 293 0 0 0 0 0 0
Accrued taxes 213 11 0 4 (8) 0 0
Accounts payable - related
Parties 117 18 0 0 0
Deferred income taxes 12 0 0 0 0 1 0
Other 256 0 3 0 0 0 0
------------ ------------- ------------- --------- ---------- ---------- ------------
------------ ------------- ------------- --------- ---------- ---------- ------------
1,573 29 19 4 (8) 1 0
------------ ------------- ------------- --------- ---------- ---------- ------------
------------ ------------- ------------- --------- ---------- ---------- ------------
Non-current Liabilities
Deferred income taxes 530 42 0 146 22 0 0
Postretirement benefits 276 0 0 0 0 0 0
Regulatory liabilities for
income taxes, net 276 0 0 0 0 0 0
Power purchase agreement -
MCV Partnership 169 0 0 0 0 0 0
Deferred investment tax credit 87 0 0 14 1 0 0
Other 227 29 0 0 0
------------ ------------- ------------- --------- ---------- ---------- ------------
------------ ------------- ------------- --------- ---------- ---------- ------------
1,565 71 0 160 23 0 0
------------ ------------- ------------- --------- ---------- ---------- ------------
Total Stockholders' Equity
and Liabilities $8,096 $320 $474 $253 $312 2 0
------------ ------------- ------------- --------- ---------- ---------- ------------
(1) Total Stockholders' Equity and Liabilities, not rounded to millions, is $316,385
CONSUMERS ENERGY COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2001
(In Millions)
MEC Consumers Consumers Consumers Consumers Consumers
Development Power Energy Energy Energy Energy
Corporation Company Company Company Company Guard
(2) Financing I Financing Financing Financing Services
II III IV (3)
Capitalization
Common Stockholders' Equity
Common stock $0 3 $4 $5 $4 $0
Paid-in-capital 0 0 0 0 0 0
Revaluation capital 0
Retained earnings 0 0 0 0 0 0
------------ ------------- ------------ ------------ ------------ ------------
------------ ------------- ------------ ------------ ------------ ------------
0 3 4 5 4 0
Preferred stock 0 0 0 0 0 0
Company-obligated mandatorily
redeemable preferred
securities of 0 100 120 175 125 0
subsidiaries
Long-term debt 0 0 00 0 0 0
Intercompany long-term
notes payable 0 0 0 0 0 0
Non-current portion of 0 0 0 0 0
capital leases
------------ ------------- ------------ ------------ ------------ ------------
------------ ------------- ------------ ------------ ------------ ------------
0 103 124 180 129 0
------------ ------------- ------------ ------------ ------------ ------------
------------ ------------- ------------ ------------ ------------ ------------
Current Liabilities
Current portion of long-term
debt and capital leases 0 0 0 0 0 0
Notes Payable 0 0 0 0 0 0
Intercompany notes payable 0 0 0 0 0 0
Accounts payable 0 0 0 0 0 0
Accrued taxes 0 0 0 0 0 0
Accounts payable - related
Parties 0 0 0
Deferred income taxes 0 0 0 0 0 0
Other 0 0 0 0 0 0
------------ ------------- ------------ ------------ ------------ ------------
------------ ------------- ------------ ------------ ------------ ------------
0 0 0 0 0 0
------------ ------------- ------------ ------------ ------------ ------------
------------ ------------- ------------ ------------ ------------ ------------
Non-current Liabilities
Deferred income taxes 0 0 0 0 0 0
Postretirement benefits 0 0 0 0 0 0
Regulatory liabilities for
income taxes, net 0 0 0 0 0 0
Power purchase agreement -
MCV Partnership 0 0 0 0 0 0
Deferred investment tax 0 0 0 0 0 0
credit
Other 0 0 0 0 0 0
------------ ------------- ------------ ------------ ------------ ------------
------------ ------------- ------------ ------------ ------------ ------------
0 0 0 0 0 0
------------ ------------- ------------ ------------ ------------ ------------
------------ ------------- ------------ ------------ ------------ ------------
Total Stockholders' Equity
and Liabilities 0 103 124 180 129 0
------------ ------------- ------------ ------------ ------------ ------------
------------ ------------- ------------ ------------ ------------ ------------
(2) Total Stockholders' Equity and Liabilities, not rounded to millions, is $985
(3) Total Stockholders' Equity and Liabilities, not rounded to millions, is $69,786
CONSUMERS ENERGY COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2001
(In Millions)
Consumers Michigan Consumers InterCompany Consumers
Nuclear Gas Parnall Eliminations Energy
Services, LLC Storage Holdings, Company
Company LLC Consol.
Capitalization
Common Stockholders' Equity
Common stock $0 $15 $0 $(31) $841
Paid-in-capital 2 0 4 (430) 632
Revaluation capital 0 0 7 4
Retained earnings 0 40 (233) 373
--------------- ------------ ------------ ------------ ------------
--------------- ------------ ------------ ------------ ------------
2 55 4 (687) 1,850
Preferred stock 0 44
Company-obligated mandatorily
redeemable preferred
securities of 0 0 0 520
subsidiaries
Long-term debt 0 0 1 0 2,472
Intercompany long-term
notes payable 0 0 (989) 0
Non-current portion of 0 0 0 56
capital leases
--------------- ------------ ------------ ------------ ------------
--------------- ------------ ------------ ------------ ------------
2 55 5 (1,676) 4,942
--------------- ------------ ------------ ------------ ------------
--------------- ------------ ------------ ------------ ------------
Current Liabilities
Current portion of long-term
debt and capital leases 0 0 1 0 257
Notes Payable 0 0 0 0 416
Intercompany notes payable 0 0 0 (26) 0
Accounts payable 0 5 0 (7) 291
Accrued taxes 0 (1) 0 0 219
Accounts payable - related 4
Parties 0 0 0 (60) 80
Deferred income taxes 0 0 0 0 12
Other 0 1 0 0 260
--------------- ------------ ------------ ------------ ------------
--------------- ------------ ------------ ------------ ------------
0 9 1 (93) 1,535
--------------- ------------ ------------ ------------ ------------
--------------- ------------ ------------ ------------ ------------
Non-current Liabilities
Deferred income taxes 0 7 0 0 747
Postretirement benefits 0 3 0 0 279
Regulatory liabilities for
income taxes, net 0 0 0 0 276
Power purchase agreement -
MCV Partnership 0 0 0 0 169
Deferred investment tax 0 0 0 0 102
credit
Other 0 0 0 0 256
--------------- ------------ ------------ ------------ ------------
--------------- ------------ ------------ ------------ ------------
0 10 0 0 1,829
--------------- ------------ ------------ ------------ ------------
--------------- ------------ ------------ ------------ ------------
Total Stockholders' Equity
and Liabilities $2 $74 $6 $(1,769) $8,306
--------------- ------------ ------------ ------------ ------------
--------------- ------------ ------------ ------------ ------------
CONSUMERS ENERGY COMPANY
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
Michigan CMS
Consumers Electric Midland CMS
Energy Transmission Consumers Holdings Midland
Company Company Funding LLC Company Inc.
Balance at January 1, 2001 $506 $0 $0 $24 $122
Net Income (Loss) 58 22 0 11 15
Less Dividends Paid
Common Stock 190 0 0 0 0
Preferred Stock 2 0 0 0 0
Preferred Securities
Distributions 0 0 0 0 0
------------ --------------- -------------- ------------ ------------
------------ --------------- -------------- ------------ ------------
192 0 0 0 0
------------ --------------- -------------- ------------ ------------
------------ --------------- -------------- ------------ ------------
Balance at December 31, 2001 $372 $22 $0 $35 $137
------------ --------------- -------------- ------------ ------------
CONSUMERS ENERGY COMPANY
Consolidating Statement of Retained Earnings
December 31, 2001 Continued
(In Millions)
Consumers Consumers Consumers Consumers
CMS MEC Power Energy Energy Energy
ES Engineering Development Company Company Company Company
Services Company (2) Corporation Financing I Financing Financing III Financing
Company (1) (3) II IV
Balance at January 1, 2001 0 0 0 0 0 0 0
Net Income (Loss) 0 0 0 9 10 17 6
Less Dividends Paid
Common Stock 0 0 0 0 0 1 0
Preferred Stock 0 0 0 0 0 0 0
Preferred Securities
Distributions 0 0 0 9 10 16 6
------------ --------------- -------------- ------------ ------------ --------------- ------------
------------ --------------- -------------- ------------ ------------ --------------- ------------
0 0 0 9 10 17 6
------------ --------------- -------------- ------------ ------------ --------------- ------------
------------ --------------- -------------- ------------ ------------ --------------- ------------
Balance at December 31, 2001 $0 $0 $0 $0 $0 $0 $0
------------ --------------- -------------- ------------ ------------ --------------- ------------
(1) Balance at December 31, 2001, not rounded to millions, is $ (27,274)
(2) Balance at December 31, 2001, not rounded to millions, is $122,326
(3) Balance at December 31, 2001, not rounded to millions, is $(5,401)
CONSUMERS ENERGY COMPANY
Consolidating Statement of Retained Earnings
December 31, 2001 Continued
(In Millions)
Consumers Consumers Consumers Consumers
Energy Nuclear Michigan Gas Parnall Energy
Guard Services, LLC Storage Holdings, Intercompany Company
Services (5) Company LLC (6) Eliminations Consol.
(4)
Balance at January 1, 2001 0 0 36 0 $(182) $506
Net Income (Loss) 0 0 4 9 (52) 100
Less Dividends Paid
Common Stock 0 0 0 0 (1) 190
Preferred Stock 0 0 0 0 0 2
Preferred Securities
Distributions 0 0 0 9 0 41
------------ --------------- -------------- ------------ -------------- -------------
------------ --------------- -------------- ------------ -------------- -------------
0 0 0 9 (1) 233
------------ --------------- -------------- ------------ -------------- -------------
------------ --------------- -------------- ------------ -------------- -------------
Balance at December 31, 2001 $0 $0 $40 $0 $(233) $373
------------ --------------- -------------- ------------ -------------- -------------
------------ --------------- -------------- ------------ -------------- -------------
(4) Balance at December 31, 2001, not rounded to millions, is $(52,319)
(5) Balance at December 31, 2001, not rounded to millions, is $71,553
(6) Balance at December 31, 2001, not rounded to millions, is $78,135