File No. 69-333
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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 MARCH 1
_______________________________________________
CMS ENERGY CORPORATION
(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:
February 28, 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 (FUCO) in which claimant directly or
indirectly holds an interest.
Claimant has listed EWGs, identified by an asterisk (*) and FUCOs, identified by double asterisk (**) in order to
maintain the continuity of the organizational chart.
For the purpose of this filing CMS Energy will address the information requested in section 1 under the headings of CMS
Energy Corporation, CMS Enterprises Company and Consumers Energy Company. As CMS Energy discusses in detail below, CMS
Energy Corporation is the parent company for CMS Enterprises Company and Consumers Energy Company. All ownership
interests are 100% unless indicated parenthetically to the contrary.
A. CMS ENERGY CORPORATION
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Energy Corporation ("CMS Energy") was duly incorporated under the laws of the state of Michigan in 1987. CMS Energy
is a $13 billion (sales) energy company with subsidiaries engaged in electric utility operations, gas utility operations,
oil and gas exploration and production, the acquisition, development and operation of independent power production
facilities, energy marketing and trading and the transportation, storage and marketing of natural gas.
The name, state of organization and nature of business of CMS Energy's direct subsidiaries are described below:
1. CMS Enterprises Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Enterprises Company is a Michigan corporation that owns subsidiaries engaged in the development,
acquisition and management of energy-related businesses and projects worldwide.
2. Consumers Energy Company
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers Energy Company is a Michigan corporation engaged in the generation, purchase, transmission,
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.
B. CMS ENTERPRISES COMPANY
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
The name, state of organization and nature of business of each subsidiary and their subsidiaries are described below:
1. CMS Capital, L.L.C.
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Capital, L.L.C. is a Michigan limited liability company formed to assist in securing for CMS Energy
Corporation and its subsidiaries and affiliates.
1.1 CMS Capital Financial Services, Inc.
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn,
Michigan 48126
CMS Capital Financial Services, Inc. is a Michigan corporation engaged in the business of making
loans to homeowners and small businesses for energy-related goods or services.
1.1.1 First Utility Finance, Inc., a Michigan corporation.
1.2 EnerBank U.S.A.
Address: 1245 East Brickyard Road, Suite 100, Salt Lake City, Utah 84106
EnerBank U.S.A. is a Utah corporation formed to be an Industrial Loan Corporation licensed in Utah
and insured by the Federal Deposit Insurance Corporation.
2. CMS Comercializadora de Energia S.A. (98.52%)
Address: Avenida Roque Saenz Pena 1116, 9th Floor, Buenos Aires, Argentina
CMS Comercializadora de Energia S.A. is an Argentine company engaged in gas and electric marketing operations
in Argentina.
3. *CMS Distributed Power, L.L.C.
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Distributed Power, L.L.C. is a Michigan limited liability company formed for the purpose of aggregating the
output from multiple generators to have power available on demand.
4. CMS Electric and Gas Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Electric and Gas Company is a Michigan corporation involved in purchasing, investing in and operating gas
and electric distribution systems worldwide.
4.1 CMS Comercializadora de Energia Ltda (99.99%)
Address: Praia de Botafogo, 440-16 andar, Rio de Janeiro, RJ-Brazil
CMS Comercializadora de Energia Ltda is a Brazilian corporation formed in Brazil for energy
marketing services.
4.2 CMS Distribuidora, Ltda. (99.99%)
Address: Av Rio Branco 85, 8th Floor, Rio de Janeiro, Brazil
CMS Distribuidora, Ltda. is a Brazilian corporation formed as controller of the investments in
Brazil concerning distribution of energy.
4.1 CMS Participacoes Ltda., a Brazilian corporation (99.99%)
4.1.1 **Companhia Paulista de Energia Eletrica (CPEE), a Brazilian corporation
(93.86%)
4.1.1.1 Agropecuaria Turvinho Ltda., a Brazilian corporation (99%)
4.1.1.2 **Companhia Sul Paulista de Energia Eletrica (CSPE), a
Brazilian corporation (88.63%)
4.1.1.2.1 **Companhia Jaguari de Energia S.A. (CJE), a
Brazilian corporation
4.2.1.1.2.1.1 **Companhia Luz e Forca
decoco S.A. (CLFM), a
Brazilian corporation
4.4.1.1.2.1.2 CPEE Equipamentos
Eletricos e Servicos Ltda. (CPEEE) (99.86%),
a Brazilian corporation
4.4.1.1.3 Paulista Lajeado (7%)
4.3 CMS Electric and Gas Moldova, L.L.C.
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, MI 48126
CMS Electric and Gas Moldova, L.L.C is a Michigan limited liability company formed for the purpose
of providing organization, administrative and consulting services in Moldova on a non-profit basis
under an agreement executed with the United States Agency for International Development to provide
advice and assistance for improvements in energy system operations in Moldova.
4.4 CMS Empreendimentos Ltda (99.99%)
Address: Praia de Botafogo 440 - 16 andar, 22250.040, Rio de Janeiro RJ, Brazil
CMS Empreendimentos Ltda is a Brazilian company established as the Rio de Janeiro Office in Brazil.
4.5 CMS Netherlands Funding Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Netherlands Funding Company is a Michigan corporation formed as a holding company for CMS
Electric and Gas Company's international interests.
4.5.1 Notera Holding B.V., a Netherlands company
4.6 CMS Venezuela, S.A.
Address: Calle Ppal Sector San Lorenzo, Edificio Seneca - Pampatar - 6316, Edo. Nueva Esparta,
Venezuela
CMS Venezuela, S.A. is a Venezuelan company formed to operate Sistema Electrico del Estado Nueva
Esparta C.A. (SENECA).
4.6.1 Sistema Electrico del Estado Nueva Esparta C.A. (SENECA) (52.37%) a Venezuela corporation.
4.7 ENELMAR, S.A. (100%)
Address: Calle Ppal. Sector San Lorenzo, Edificio Seneca - Pampatar - 6316, Edo. Nueva Esparta,
Venezuela
ENELMAR, S.A. is a Venezuelan company formed to hold CMS Electric and Gas Company's interest in the
privatized electric system of the state of Nueva Esparta.
4.7.1 **Sistema Electrico del Estado Nueva Esparta C.A. (SENECA) (33.34%), a Venezuelan
corporation.
5. CMS Energy Asia Private Limited (Singapore)
Address: 80 Raffles Place #26-20, UOB Plaza 2, Singapore 04862
CMS Energy Asia Private Limited is a Singapore corporation involved in the development of electrical generation
and distribution opportunities, gas transmission, storage and distribution opportunities, electrical and gas
marketing opportunities and oil and gas exploration and development opportunities in Asia and the Pacific Rim.
5.1 Batam Energy (S) Pte. Ltd. (50%)
Address: Shook Lin & Bok, 1 Robinson Road, #19-01 AIA Tower, Singapore 048542, Singapore
Batam Energy(S) Pte. Ltd. is a Singapore corporation formed for development, construction,
financing, ownership and operation of an approximately 650 MW combined-cycle power plant to be
located in Batam, Indonesia, including the 2 x 230 kV submarine cables connecting Batam and
Singapore. P.T. Batam Energi Indonesia Company is the Project Company.
5.2 CMS Energy India Pte Ltd (India) (99%)
Address: Units 203 & 204, Capital Towers, 180, Nungambakkam High Road, Kodambakkan, Chennai 600 034
India
CMS Energy India Private Limited is an Indian company formed to pursue development opportunities in
India.
6. CMS Energy South America Company (CESA)
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Energy South America Company is a Cayman Islands Company formed to provide for consolidation of the
development expenses and activity in Argentina and Brazil.
6.1 CMS Enterprises Development Company S.A. (CEDC) (99.99%)
Address: Edificio Torre Catalinas Plaza, Ing. Enrique Butty 220, 8 Piso (Av. E. Madero Alt.
800/900) (1300) Buenos Aires, Argentina
CMS Enterprises Development Company S.A. is an Argentine company formed to handle the development
work in Argentina.
7. CMS Energy Technology Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Energy Technology Company is a Michigan corporation formed for the purpose of networked distributed
generation.
8. CMS Energy UK Limited
Address: 43-45 Portman Square, 4th Floor, London, England W1HOAB
CMS Energy UK Limited is an United Kingdom limited liability company involved in the development of
energy-related businesses and projects in Europe, Africa and the Middle East.
9. CMS Enterprises Development, L.L.C.
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Enterprises Development, L.L.C. is a Michigan limited liability company formed to invest in various
projects, including but not limited to, a zirconium recovery project.
10. CMS Enterprises Holding Company S.A. (99%)
Address: Edificio Torre Catalinas Plaza, Ing. Enrique Butty 220, 8 Piso (Av. E. Madero Alt. 800/900) (1300)
Buenos Aires, Argentina
CMS Enterprises Holding Company S. A. is an Argentine holding corporation.
11. CMS Gas Transmission Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Gas Transmission Company is a Michigan corporation organized to engage in the transmission, storage and
processing of natural gas.
11.1 Atlantic Methanol Capital Company (50%)
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
Atlantic Methanol Capital Company is a Cayman Islands company formed to assist in the financing
relating to the Equatorial Guinea methanol plant.
11.1.1 CMS Methanol Company, a Cayman Islands company
11.2 CMS Antrim Gas LLC
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Antrim Gas LLC is a Michigan limited liability company formed for the purpose of owning and
operating the central carbon dioxide removal plant in Otsego County, Michigan.
11.3 CMS Bay Area Pipeline, LLC
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, MI 48126
A Michigan limited liability company involved in natural gas transportation.
11.4 CMS Field Services, Inc.
Address: Boulder Towers, 1437 South Boulder, Suite 1250, Tulsa, Oklahoma 74119
CMS Field Services, Inc. is a Michigan corporation, formerly known as CMS Continental Natural Gas,
Inc., involved in the transmission and distribution of natural gas.
11.4.1 Bighorn Gas Gathering, L.L.C. (50%), a Delaware limited liability company
11.4.2 Bradshaw Energy, L.L.C. (97.5%), an Oklahoma limited liability company
11.4.3 Choctaw Thrust Gas Gathering System (33.33%)
11.4.4 CMS Cherokee Gas Processing, L.L.C., an Oklahoma limited liability company
11.4.5 CMS Field Services Holdings Company, Oklahoma corporation
11.4.5.1 CMS Taurus Field Services, L.P. (1%)
11.4.5.2 Bighorn Gas Gathering, L.L.C. (1%)
11.4.6 CMS Gas Processing, L.L.C., an Oklahoma limited liability company
11.4.7 CMS Gulf Coast Field Services, L.L.C., a Michigan limited liability company
11.4.8 CMS Hydrocarbon, L.L.C., an Oklahoma limited liability company
11.4.9 CMS Laverne Gas Processing, L.L.C., an Oklahoma limited liability company
11.4.10 CMS Natural Gas Gathering, L.L.C., an Oklahoma limited liability company
11.4.11 CMS Oklahoma Natural Gas Gathering, L.L.C., an Oklahoma limited liability company
11.4.12 CMS Pipeline Company, L.L.C., an Oklahoma limited liability company
11.4.13 CMS Taurus Holdings Company, L.L.C. an Oklahoma limited liability company
11.4.13.1 CMS Taurus Field Services, L.P. (99%)
11.4.14 Fort Union Gas Gathering, L.L.C. (33.33%), a Delaware limited liability company
11.4.15 CBC/Leon Limited Partnership (89%), an Oklahoma limited partnership
11.4.15.1 Bright Star Partnership (4.57%)
11.4.16 Leon Limited Partnership (50%), an Oklahoma limited partnership
11.4.16.1 Bright Star Partnership (5.43%)
11.5 CMS Gas Argentina Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Gas Argentina Company is a Cayman Islands company with an equity interest in Transportadora de
Gas del Norte S.A., an Argentine company, which provides natural gas transmission services to the
northern and central parts of Argentina.
11.5.1 Transportadora de Gas del Norte S.A. (TGN) (29.4%)
Transportadora de Gas del Norte S.A. is an Argentina corporation.
11.6 CMS Gas Offshore Investment Ltd.
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, MI 48126
CMS Gas Offshore Investment Ltd. is a Cayman Islands corporation formed for financing, procurement,
rehabilitation, upgrading, extension, ownership, operation and maintenance of existing power
generation and sea water desalination project at the Taweelah complex in Abu Dhabi.
11.7 CMS Grands Lacs LLC
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Grands Lacs LLC is a Michigan limited liability company that owns and operates transmission
lines in Michigan.
11.8 CMS Jackson Pipeline Company
Address: Fairlane Plaza South, Suite 1040, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Jackson Pipeline Company is a Michigan corporation involved as a 75% General Partner in Jackson
Pipeline Company, a Michigan general partnership.
11.9 CMS Marysville Gas Liquids Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Marysville Gas Liquids Company is a Michigan corporation that holds 100% interest in Marysville
Fractionation Partnership and 51% interest in St.Clair Underground Storage Partnership.
11.10 CMS Saginaw Bay Lateral Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Saginaw Bay Lateral Company is a Michigan corporation formerly a 33% Limited Partner in the
Saginaw Bay Lateral Limited Partnership, a Michigan limited partnership.
11.11 Nitrotec Corporation (50%)
Address: 1021 Main Street, Suite 2800, Houston, Texas 77002
Nitrotec Corporation is a Delaware corporation formed to invest in plants that extract helium from
natural gas.
11.12 Otsego EOR LLC (25%)
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
Otsego EOR LLC is a Michigan limited liability company formed as an enhanced oil-recovery project
consisting of three oil reservoirs and pipeline and compression facilities located in Otsego County,
Michigan.
11.13 Panhandle Eastern Pipe Line Company
Address: 5444 Westheimer Court, Houston, TX 77056-5310
Panhandle Eastern Pipe Line Company is a Delaware corporation formed for the transmission of natural
gas.
11.13.1 CMS Panhandle Eastern Resources, LLC., a Delaware corporation
11.13.2 CMS Panhandle Storage Company, a Delaware corporation
11.13.3 CMS Pan Gas Storage Company, LLC a Delaware limited liability company
11.13.4 Trunkline Field Services Company, a Delaware corporation
11.13.4.1 CMS Trunkline Gas Resources, Inc., a Delaware limited liability company
11.13.5 CMS Panhandle Holdings, LLC, a Delaware limited liability company
11.13.5.1 *CMS Panhandle Lake Charles Generation Company, LLC, a Delaware
limited liability
11.13.5.2 CMS Trunkline LNG Company, LLC, a Delaware limited liability company
11.13.5.3 Centennial Pipeline, L.L.C. (33.33%), a Delaware limited liability
company
11.13.5.4 CMS Trunkline Gas Company, LLC, a Delaware limited liability company
11.13.5.5.1 CMS Trunkline Deepwater Pipeline Company, a Delaware
limited liability company
11.13.5.5.1.1 Sea Robin Pipeline Company
(50%)
11.13.5.5 Guardian Pipeline, L.L.C. (33.33%)
11.14 TriState Pipeline, L.L.C
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
TriState Pipeline, L.L.C. is a Michigan limited liability company originally formed to hold
interests in the TriState Pipeline.
11.15 Western Australia Gas Transmission Company I
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
Western Australia Gas Transmission Company I is a Cayman Islands corporation formed to hold
interests in a natural gas pipeline project in Australia and the Atacama Project in Chile.
11.15.1 CMS Gas Transmission del Sur Company, a Cayman Islands corporation
11.15.1.1 Atacama Finance Co. (50%)
11.15.1.2 CMS Atacama Company
11.15.1.3 Compania de Inversiones CMS Energy-Chile Limitada (60%), a Chilean
company
11.15.1.3.1 Administradora Proyecto Atacama S.A. (50%)
11.15.1.3.2 Gasoducto Atacama Compania Ltda (50%)
11.15.1.3.2.1 Gasoducto Taltal Limitada (99%)
11.15.1.3.2.2 Progas S.A. (99.99%)
11.15.1.3.3 Noroeste Pacifico Generacion de Energia Limitada (NOPEL) (50%)
11.15.1.3.3.1 CDEC-SING (14.29%)
11.15.1.3.3.2 Empresa de Transmision Electrica Transemel SA (40%)
11.15.1.4 Energex Co. (30%)
11.15.1.5 Gasoducto Cuenca Noroeste Limitada (30%)
11.15.1.5.1 Gasoducto Cuenca Noroeste Limitada Argentine Branch
11.15.1.5.2 Gasoducto Taltal Limitada (1%)
11.15.2 CMS Gas Transmission of Australia Holding Company, a Cayman Islands corporation
11.15.2.1 CMS Gas Transmission of Australia, a Cayman Islands corporation
11.15.3 CMS International Financial Services Company, a Cayman Islands corporation
11.15.4 CMS Luxembourg SARL, a Luxemburg corporation
11.15.4.1 Valandrid B.V. a Netherlands corporation
11.15.4.1.1 CMS Goldfields Gas Transmission Australia Pty. Ltd., a Australian
corporation
11.15.4.1.1.1 SCP Investments (No. 1) PTY. LTD (45%)
11.15.4.1.1.1.1 SCP Investments (No. 2) PTY. LTD
11.15.4.1.1.1.1.1 Southern Cross Pipelines Australia PTY. LTD.
11.15.4.1.1.1.1.1.1 Goldfields Gas Transmission Joint Venture
(66.664%)
11.15.4.1.1.1.1.1.1.1. Goldfields Gas Trans-mission PTY.
LTD
11.15.4.1.1.1.2 SCP Investments (No 3) PTY. LTD
11.15.4.1.1.1.2.1 Southern Cross Pipelines (NPL) Australia PTY.
LTD.
11.15.4.1.1.1.2.1.1 Goldfields Gas Transmission Joint
Venture (25.5%)
11.15.4.1.1.1.2.1.1.1 Goldfields Gas Trans-mission
PTY. LTD.
11.15.4.1.2 CMS TriState Canada Unlimited Company (Inactive)
12. CMS Generation Co.
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
C CMS Generation Co is a Michigan corporation engaged in the development of and investment in cogeneration
and other independent power generation projects both domestic and foreign.
12.1 CMS Centrales Termicas S.A. (99%)
Address: Avenida Presidente Roque Saenz Pena 1116, 9th Floor, Buenos Aires, Argentina
CMS Centrales Termicas S.A. is an Argentine company formed to own an interest in a 540 MW natural
gas/fuel oil-fired electric power plant near Mendoza, Argentina.
12.2 CMS Generation Altoona Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation Altoona Company is a Michigan corporation formed to develop, construct, own, operate
and maintain a bituminous coal, bituminous coal waste or other solid fuel-burning facility.
12.3 CMS Generation Chateaugay Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation Chateaugay Company is a Michigan corporation involved as a General Partner in KES
Chateaugay, LP, a limited partnership.
12.4 CMS Generation Filer City, Inc.
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation Filer City, Inc. is a Michigan corporation involved as a 1% General Partner in the
T.E.S. Filer City Station Limited Partnership, a Michigan limited partnership that is the owner of
the 54 megawatt (net) wood chip and coal-fired electric generating station in Filer City, Michigan.
12.5 CMS Generation Filer City Operating Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation Filer City Operating Company is a Michigan corporation formed to operate a coal and
waste wood-fueled power plant near Filer City, Michigan owned by the T.E.S. Filer City Station
Limited Partnership.
12.6 CMS Generation Genesee Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation Genesee Company is a Michigan corporation involved as a 1% General Partner in the
Genesee Power Station Limited Partnership, a Delaware limited partnership, which owns and operates a
35-megawatt (net) waste wood-fired electric generating facility located in Genesee County, Michigan.
12.7 CMS Generation Grayling Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation Grayling Company is a Michigan corporation involved as a 1% General Partner in
Grayling Generating Station Limited Partnership, a Michigan limited partnership, that owns a
36-megawatt (net) waste wood-fueled power plant in Grayling, Michigan. Grayling Generating Station
Limited Partnership owns GGS Holdings Company, a Michigan corporation, which is a .5% General
Partner in AJD Forest Products Limited Partnership that operates a sawmill adjacent to the Grayling
Generating Station and also supplies waste wood fuel to Grayling Generating Station Limited
Partnership is a 49.5% Limited Partner in AJD Forest Products Limited Partnership, a Michigan
limited partnership.
12.8 CMS Generation Grayling Holdings Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation Grayling Holdings Company is a Michigan corporation involved as a 49% Limited Partner
in Grayling Generating Station Limited Partnership, a Michigan limited partnership. Grayling
Generating Station Limited Partnership owns GGS Holdings Company, a Michigan corporation that owns a
.5% General Partner interest in AJD Forest Products Limited Partnership, a Michigan limited
partnership.
12.8.1 Grayling Partners Land Development LLC (49%), a Michigan company.
12.9 CMS Generation Holdings Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation Holdings Company is a Michigan corporation involved as a limited partner in various
partnerships and in the following companies:
12.9.1 GPS Newco, L.L.C. (50%), a Kansas limited liability company
12.9.2 Moose River Properties (50%), a Delaware corporation
12.10 CMS Generation Honey Lake Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation Honey Lake Company is a Michigan corporation with a General Partnership interest and
a Limited Partnership interest in HL Power Company, a California limited partnership that uses waste
wood and geothermal fluid to generate a 30-megawatt (net) electric generating station in Lassan
County, California. Also involved as General Partner in Honey Lake Energy I LP, and Honey Lake
Energy II LP, both Michigan limited partnerships formed to own limited partnership interests in HL
Power Company.
12.11 CMS Generation Investment Company I
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation Investment Company I is a Cayman Islands company involved as a holding company for
CMS Generation overseas investments that engage in the construction, ownership or operation of
various power projects in the Philippines, India, Morocco, Thailand, United Arab Emirates, Ghana and
Australia.
12.11.1 *CMS Generation Cebu Limited Duration Company (99%), a Cayman Islands company
12.11.1.1 Toledo Power Company (47.5%)
12.11.1.2 Toledo Holdings Corp. (40%)
12.11.2 CMS Generation Cebu Operating Limited Duration Company (99%), a Cayman Islands company
12.11.3 CMS Generation Investment Company IV
12.11.3.1 CMS Generation Investment Company II, a Cayman Islands company
12.11.3.1.1 CMS Generation Jorf Lasfar I LDC (65%), Cayman Islands company
12.11.3.1.2 CMS Generation Jorf Lasfar II LDC (65%), Cayman Islands company
12.11.3.1.3 *CMS Generation Cebu Limited Duration Company (1%), a Cayman Islands
company
12.11.3.1.4 *CMS Generation Cebu Operating Limited Duration Company (1%), a Cayman
Islands company
12.11.3.2 CMS Generation Jorf Lasfar III LDC (50%), a Cayman Islands company
12.11.3.3 CMS Generation Luxembourg SARL, a Luxembourg company
12.11.3.3.1 CMS Generation Netherlands B.V., a Netherlands company
12.11.3.3.1.1 Jorf Lasfar Energiaktibolag, a Swedish corporation
12.11.3.3.1.1.1 *Jorf Lasfar Energy Company SCA
(25%), a Moroccan company
12.11.3.3.1.2 Jorf Lasfar Power Energy Aktiebolag, a Swedish company
12.11.3.3.1.2.1 *Jorf Lasfar Energy Company SCA (23%), a
Moroccan company
12.11.4 CMS Generation Investment Company V
12.11.4.1 Gasoducto Cuenca Noroeste Ltda. (20%)
12.11.5 CMS Generation Investment Company VI
12.11.5.1 CMS Takoradi Investment Company
12.11.5.1.1 CMS Takoradi Investment Company II
12.11.5.1.1.1 *Takoradi International Company (Ghana) (90%)
12.11.6 CMS Generation Investment Company VII
12.11.6.1 CMS Generation Taweelah Limited
11.11.6.1.1 **Emirates CMS Power Company (40%)
11.11.6.1.1.1 Taweelah Shared Facilities Company LLC (17%), a United Arab
Emirates company
12.11.6.2 CMS Jubail Investment Company I, a Cayman Islands company
12.11.6.2.1 Jubail Energy Company (50%)
12.11.6.3 Shuweihat General Partner Company (50%), a Cayman Islands company
12.11.7 CMS Generation Loy Yang Holdings 1 Ltd.
12.11.7.1 **Horizon Energy Holdings Ltd.
12.11.7.1.1 Loy Yang Power Projects Pty. Ltd. (49.6%)
12.11.7.1.2 Loy Yang Power Management Pty Ltd (49.6%)
12.11.7.1.3 **Loy Yang Power Partners (24.63%)
12.11.8 CMS Generation Loy Yang Holdings 2 Ltd.
12.11.8.1 **CMS Generation Horizon Energy Holdings Ltd
12.11.8.1.1 Loy Yang Power Projects Pty Ltd (49.6%)
12.11.8.1.2 Loy Yang Power Management Pty. Ltd. (49.6%)
12.11.8.1.3 *Loy Yang Power Partners (25%)
12.11.9 CMS Generation Pinamucan Limited Duration Company (99%)
12.11.10 CMS Generation Pinamucan Operating Limited Duration Company (99%)
12.11.11 ENELMAR, S.A. (40%) (Venezuela)
12.11.12 Energex Co. (20%) (Cayman Islands)
12.11.13 *National Power Supply Co. Ltd. (Thailand) (66.24%)
12.11.14 Servicios de Aguas de Chile CMS y Compania Limitada (99.99%)
12.12 CMS Generation Lyonsdale Company
Address: Fairlane Plaza South, Suite 1000, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation Lyonsdale Company is a Michigan corporation involved as a General Partner in the
Lyonsdale Energy Limited Partnership that owns and operates a 19 MW (net) waste wood-fired electric
generating facility in Lyonsdale, New York.
12.13 *CMS Generation Michigan Power L.L.C.
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation Michigan Power L.L.C. is a Michigan limited liability corporation formed to own
generating units that are to be sited in Michigan for the purpose of generating power during peak
demand periods.
12.14 CMS Generation Mon Valley Company
Address: Fairlane Plaza South, Suite 1000, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation Mon Valley Company is a Michigan corporation involved as General Partner in the Mon
Valley Energy Limited Partnership formed to develop, construct, finance and operate the Mon Valley
Project, an 80-megawatt (net) coal fired cogeneration plant in Pennsylvania.
12.15 CMS Generation Montreal Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation Montreal Company is a Michigan corporation that owns and operates a waste wood
recovery facility in the greater Montreal, Quebec, Canada area.
12.16 *CMS Generation Operating Company
Address: Fairlane Plaza South, Suite 1000, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation Operating Company is a Michigan corporation formed to be involved in the operation of
various power plants including Grayling, Chateaugay, Exeter and Genesee.
12.17 CMS Generation Recycling Company
Address: Fairlane Plaza South, Suite 1000, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation Recycling Company is a Michigan corporation involved as a member of Mid-Michigan
Recycling, LLC, a Michigan limited liability company, formed to supply waste wood fuel for the
Genesee Power Station Limited Partnership.
12.17.1 Mid-Michigan Recycling, L.C. (50%)
12.18 CMS Generation SA (99.99%)
Address: Edificio Torre Catalinas Plaza, Ing. Enrique Butty 220, 8 Piso, (Av. E. Madero Alt.
800/900), (1300) Buenos Aires, Argentina
CMS Generation SA is an Argentine company formed to carry out on its own account or that of third
parties investments in energy-related businesses located primarily in South America.
12.18.1 *Hidroelectrica El Chocon S.A. (2.48%), an Argentine company
12.18.2 *Hidroinvest SA, an Argentine company (25%)
12.18.2.1 *Hidroelectricidad El Chocon S.A. (59%) an Argentine company
12.19 CMS Generation San Nicolas Company (.1%)
Address: Fairlane Plaza South, Suite 1000, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Generation San Nicolas Company is a Michigan corporation formed to hold an equity interest in an
Argentine company that is the owner and operator of a 650 MW power plant located in San Nicolas,
Argentina.
12.19.1 Inversora de San Nicolas, SA (.1%)
12.19.1.1 *Centrales Termica San Nicolas S.A. (88%)
12.20 *CMS International Operating Company
Address: Fairlane Plaza South, Suite 1000, 330 Town Center Drive, Dearborn, Michigan 48126
CMS International Operating Company is a Cayman Islands corporation, formed to own and control
project operating and maintenance companies.
12.20.1 CMS (India) Operations and Maintenance Company Private Limited (99%), an India Company
12.20.2 Jorf Lasfar Operations Handelsbolag (99%)
12.20.2.1 *CMS Morocco Operating Co, SCA (99.7%)
12.20.2.2 *Jorf Lasfar Energy Company SCA (2%), a Moroccan company
12.21 *Dearborn Generation Operating, L.L.C
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
Dearborn Generation Operating, L.L.C. is a Michigan Limited Liability Company formed to operate the
Ford/Rouge project.
12.22 Dearborn Industrial Energy, LLC
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
Dearborn Industrial Energy, LLC is a Michigan limited liability corporation formed to own and
operate the power project at the Ford/Rouge complex.
12.22.1 *Dearborn Industrial Generation, L.L.C.
12.23 Exeter Management Company (100%)
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
Exeter Management Company is a Connecticut corporation involved as a General Partner in the Exeter
Energy Limited Partnership that owns and operates a 26-megawatt (net) tire-burning facility in
Sterling, Connecticut.
12.23.1 *Exeter Energy Limited Partnership (2%)
12.24 CMS International Ventures, L.L.C. (33.33%)
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS International Ventures, L.L.C is a Michigan corporation formed to facilitate the continuing
investment in, and sale of, CMS Indian and Argentine projects on a joint basis to be managed by CMS
Generation.
12.25 HYDRA-CO Enterprises, Inc.
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
HYDRA-CO Enterprises, Inc is a New York corporation engaged in the ownership and/or operation, by
itself or with others, of one or more cogeneration, small hydro or alternate energy production
facilities through partnership interests and ownership of domestic corporations. HYDRA-CO is
involved in the development, ownership, management or operation of independent power projects
located in seven states and in Jamaica.
12.25.1 CMS Generation Operating Company II, Inc.
12.25.1.1 HCO-Jamaica, Inc.
12.25.1.1.1 *Private Power Operators Limited (50%)
12.25.2 CMS Generation Stratton Company
12.25.3 HCE-Appomattox, Inc.
12.25.4 HCE-Biopower, Inc.
12.25.5 HCE-Hudson, Inc.
12.25.6 HCE-Jamaica Development, Inc.
12.25.7 HCE-Rockfort Diesel, Inc.
12.25.7.1 *Jamaica Private Power Company, Limited (41.18%)
12.25.8 HYDRA-CO Generation, Inc. (Inactive)
12.25.9 Jamaica Energy Team Limited (59.7%)
12.25.10 New Bern Energy Recovery, Inc.
12.26 McCook Cogeneration Station, LLC (50%) (Inactive)
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
McCook Cogeneration Station, LLC is a Michigan limited liability company formed to develop and own a
40-megawatt (net) waste wood fueled electric generating facility located in Cook County, Illinois.
12.27 McCook Waste Wood Recovery Facility, LLC (50% Member)
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
McCook Waste Wood Recovery Facility, LLC is a Michigan limited liability company formed to develop
and own a waste wood recycling and processing facility where waste wood will be received, manually
and mechanically separated and then recycled or processed for use at McCook Cogeneration Station,
LLC.
12.28 Metro East, LLC (50%) (Inactive)
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
Metro East, LLC is a Michigan limited liability company formed to develop and own a 60-megawatt
(net) waste wood and waste coal fueled electric generating facility located in Madison, Illinois.
12.29 Midland Cogeneration Venture Expansion, LLC (50%)
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
Midland Cogeneration Venture Expansion is a Delaware limited liability company formed to develop the
MCV Expansion including ordering and funding long-lead equipment.
12.30 Oxford Tire Recycling, Inc. (Inactive)
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
Oxford Tire Recycling, Inc. is a Delaware corporation engaged in tire collection, shredding and
storage, the sale of used and shredded tires, and related business activities.
12.31 Oxford Tire Recycling of Massachusetts, Inc.
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
Oxford Tire Recycling of Massachusetts, Inc. is a Delaware corporation engaged in waste tire
collection, shredding and storage, the sale of used and shredded tires, and related business
activities.
12.32 Oxford Tire Supply, Inc.
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
Oxford Tire Supply, Inc. is a Delaware corporation engaged in trucking and hauling used scrap tires
and sorting and grading tires for resale.
12.33 *Exeter Energy Limited Partnership (50%)
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
Exeter Energy Limited Partnership is a Connecticut limited partnership formed to hold an interest in
Exeter 26 MW tire-fueled cogeneration plant.
12.34 **Taweelah A2 Operating Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
Taweelah A2 Operating Company is a Michigan corporation formed to operate the Taweelah A2 electric
generating units in Abu Dhabi, United Arab Emirates.
12.35 Oxford/CMS Development L.P. (48%)
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
Oxford/CMS Development L.P. is a Michigan limited partnership formed to own a 48% limited partner
interest in Exeter Energy Limited Partnership.
12.35.1 *Exeter Energy Limited Partnership (48%)
13. CMS Land Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Land Company is a Michigan corporation formed to act as a repository for any unused real property formerly
owned by Consumers Energy Company and hold the same for possible non-utility development.
13.1 Bay Harbor Company, L.L.C. (50%)
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
Bay Harbor Company is a Michigan limited liability company that is the owner and developer of Bay
Harbor, a real estate development.
13.2 Bay Harbor Village Company, L.L.C. (50%).
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
Bay Harbor Village Company is a Michigan limited liability company involved in the retail shop,
restaurant and residential real estate aspects of the Bay Harbor Resort development.
14. CMS International Ventures, L.L.C. (66.67%)
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS International Ventures, L.L.C. is a Michigan corporation formed to facilitate the continuing investment in,
and sale of, CMS Indian and Argentine projects on a joint basis, managed by CMS Generation.
14.1 CMS Generation Investment Company III, a Cayman Islands company
14.1.1 CMS Energy Mauritius Limited
14.1.1.1 *GMR Vasavi Power Corporation Pvt Ltd. (49%)
14.1.1.2 TN LNG & Power Co. Pvt. Ltd. (India) (TIDCO) (26.67%)
14.1.2 CMS Generation Jegurupadu I Limited Duration Company (99%), a Cayman Islands company
14.1.2.1 Jegurupadu O&M Company Mauritius (50%)
14.1.2.1.1 *Jegurupadu Operating & Maintenance Company (60%)
14.1.3 CMS Generation Jegurupadu II Limited Duration Company (99%), a Cayman Islands company
14.1.4 CMS Generation Neyveli Ltd., a Mauritius company
14.1.4.1 ST CMS Electric Company Private Limited (50%), an Indian company
14.1.5 Jegurupadu CMS Generation Company Ltd.
14.1.5.1 *GVK Industries Ltd. (23.75%)
14.2 **CMS Operating, S.A. (99%)
14.2.1 *CMS Ensenada S.A. (99%)
14.2.2 Cuyana S.A. de Inversiones (99%)
14.2.2.1 Centrales Termicas Mendoza, S.A. (92.6%)
14.2.3 Transportadora de Gas del Mercosur (Argentina) (TGM) (20%)
15. CMS Marketing, Services and Trading Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Marketing, Services and Trading Company is a Michigan corporation involved in providing gas, electric, oil
and coal marketing, risk management and energy management services.
15.1 CMS Merchant Services, L.L.C.
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Merchant Services, L.L.C. is a Michigan limited liability company formed for the purpose of
purchasing capacity under the FERC's capacity release regulations for monthly transactions.
15.2 CMS MS&T Michigan L.L.C.
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS MS&T Michigan L.L.C. is a Michigan limited liability company formed for the purpose of taking an
assignment of the Ford/Rouge Electricity Sales Agreements from Dearborn Industrial Generation and to
perform those contracts as well as any further contracts entered into by Ford/Rouge affiliates.
15.3 CMS Texon Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Texon Company is a Michigan corporation involved as a General Partner in Texon, LP, a Texas
limited partnership engaged in transporting, processing and marketing of crude oil and natural gas
liquids and services related thereto.
15.4 CMS Viron Corporation
Address: 216 Northwest Platte Valley Drive, Riverside, Missouri 64150
CMS Viron Corporation is a Missouri corporation formed to provide services in the areas of energy
usage analysis and the engineering and implementation of energy conservation measures.
15.5 Enline Energy Solutions, LLC (50%)
Address: 1021 Main Street, Suite 2600, Houston, TX 77002-6606
Enline Energy Solutions, LLC is a Texas limited liability company engaged in purchasing,
transporting, storing, selling, brokering and marketing natural gas, oil, propane and electricity
and energy-related consulting.
15.6 PremStar Energy Canada Ltd.(50%)
Address: Suite 104, 330 Richmond Street, Chatham, Ontario Canada N7M 1P7
PremStar Energy Canada Ltd, is a Canadian corporation engaged in purchasing, transporting, storing,
selling, brokering and marketing natural gas in North America and energy-related consulting.
15.6.1 ECNG Inc (88%)
15.6.2 Energistics Group, Inc.
15.6.3 Premstar Metering Inc (70%)
15.6.3.1 Canadian Meter Services Ltd
16. CMS MicroPower Systems, L.L.C.
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS MicroPower Systems, L.L.C. is a Michigan limited liability company formed for the purpose of leasing
portable generation assets.
17. CMS North American Development, LLC
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS North American Development, LLC is a Texas limited liability company formed to provide human resource
services for CMS Enterprises employees currently working for America's Development.
18. CMS Oil and Gas Company (formerly known as CMS NOMECO Oil & Gas Co.)
Address: 1021 Main Street, Suite 2800, Houston, Texas 77002
CMS Oil and Gas Company is a Michigan corporation engaged in the exploration, development, acquisition, and
production of oil and natural gas in the U.S. and in foreign countries through partnership interests and
ownership of domestic and foreign corporations.
18.1 CMS Oil and Gas (International) Company
Address: 1021 Main Street, Suite 2800, Houston, Texas 77002
CMS Oil and Gas (International) Company is a Texas corporation, formerly known as CMS NOMECO
International, Inc., engaged as a holding company that engages in the exploration and production of
oil and natural gas in Africa.
18.1.1 CMS NOMECO Congo, Inc.
18.1.2 CMS NOMECO International Congo Holdings, Inc.
18.1.3 CMS Oil and Gas (Cameroon) Ltd., formerly known as CMS NOMECO Cameroon Ltd.
18.1.4 CMS Oil and Gas (Cote d'Ivoire) Ltd., formerly known as CMS NOMECO Cote d'Ivoire Ltd.
18.1.5 CMS Oil and Gas (Eritrea) Ltd.
18.1.6 CMS Oil and Gas International (Tunisia) Company, formerly known as CMS NOMECO
International Tunisia, Inc.
18.1.7 CMS Oil and Gas (Services) Company, formerly known as CMS Oil and Gas International
(Transportation) Company
18.2 CMS Oil and Gas (International) Ltd.
Address: 1021 Main Street, Suite 2800, Houston, Texas 77002
CMS Oil and Gas (International) Ltd. is a Cayman Islands corporation, formerly known as CMS NOMECO
International Ltd. engaged as a holding company for Cayman Islands subsidiaries that principally
engage in the exploration and production of oil and natural gas in South America and West Africa.
18.2.1 CMS Oil and Gas de Brazil Ltd.
18.2.2 CMS Oil and Gas (Congo) Ltd., formerly known as CMS NOMECO Congo Ltd.
18.2.3 CMS Oil and Gas (Venezuela) LDC, formerly known as CMS NOMECO Venezuela LDC
18.2.4 NOMECO Argentina LDC, formerly known as CMS Oil and Gas (Argentina) LDC
18.3 Explotaciones CMS Oil and Gas Company
Address: World Trade Center, Torre B., Offc. 705, Calle 100, No. 8A-49, Bogota, Colombia
Explotaciones CMS Oil and Gas Company is a Delaware corporation, formerly known as Explotaciones CMS
NOMECO Inc., engaged in the exploration and production of oil and natural gas in Colombia.
19. CMS Resource Development Company
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Resource Development Company is a Michigan corporation formed to pursue and develop various power sources
outside the United States.
20. CMS Texas LLC
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Texas LLC is a Texas limited liability company formed to assist CMS Enterprises in its business operations.
21. CMS Energy Trust I
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Energy Trust I is a Delaware Trust established to issue Trust Preferred Securities.
22. CMS Energy Trust II
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Energy Trust II is a Delaware Trust established to issue Trust Preferred Securities.
23. CMS Energy Trust III
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Energy Trust III is a Delaware Trust established to issue Trust Preferred Securities.
24. CMS Energy Trust IV
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Energy Trust IV is a Delaware Trust established to issue Trust Preferred Securities.
25. CMS Energy Trust V
Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126
CMS Energy Trust V is a Delaware Trust established to issue Trust Preferred Securities.
C. CONSUMERS ENERGY COMPANY
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
The consolidated operations of Consumers Energy Company ("Consumers") account for the largest share of CMS Energy's total
assets and income and accounts for a substantial portion of its revenues. The name, state of organization and nature of
business of Consumers' subsidiaries are described below:
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 Holding 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 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.
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 Power Company Financing II
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers Power Company Financing II is a Delaware Trust established to issue Trust Preferred Securities.
16. Consumers Power Company Financing III
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers Power Company Financing III is a Delaware Trust established to issue Trust Preferred Securities.
17. Consumers Power Company Financing IV
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers Power Company Financing IV is a Delaware Trust established to issue Trust Preferred Securities.
18. Consumers Power Company Financing V
Address: 212 West Michigan Avenue, Jackson, Michigan 49201
Consumers Power 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 has no directly owned properties used for such purposes. 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 (Thousands
Name and Location (Michigan) Entering Service 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). The transmission system consists of 4,288 structural miles of overhead
lines.
METC owns 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 that 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).
SUBSIDIARY kWh
Consumers Energy Total 38,934,189,814
CMS MS&T Total 71,520,720,000
(b) Number of kWh of electric energy distributed at retail outside Michigan.
SUBSIDIARY kWh
Consumers Energy Total 0
CMS MS&T Total 13,516,000
Total Electric Energy Distributed Outside of the
State of Michigan
(c) Number of kWh of electric energy sold at wholesale outside Michigan or at Michigan's state line.
SUBSIDIARY kWh
Consumers Energy Total 1,922,071,000
CMS MS&T Total 71,321,770,000
Total Electric Energy Sold at Wholesale Outside 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.
SUBSIDIARY kWh
Consumers Energy Total 6,932,983,000
CMS MS&T Total 71,269,545,000
Total Electric Energy Purchased Outside of Michigan
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.
SUBSIDIARY Mcf
Consumers Energy Total 230,729,000
CMS MS&T Total 108,211,650
Total Natural Gas Distributed at Retail
(b) Number of Mcf of natural gas distributed at retail outside Michigan.
SUBSIDIARY Mcf
Consumers Energy Total 0
CMS MS&T Total 76,955,408
Total Natural Gas Distributed at Retail
Outside the State of Michigan
(c) Number of Mcf of natural gas sold at wholesale outside Michigan or at Michigan's state line.
SUBSIDIARY Mcf
Consumers Energy Total 239,839,000
CMS Marketing Total 347,933,997
Total Natural Gas Sold at Wholesale Outside Michigan
or at Michigan's State Line.
(d) Number of Mcf of natural gas purchased outside Michigan.
SUBSIDIARY Mcf
Consumers Energy Total 6,932,983,000
CMS MS&T Total 420,175,900
Total Natural Gas Purchased Outside of Michigan
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;
(b) Name of each system company that holds an interest in such EWG or foreign utility company; and description of the
interest held;
(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;
(d) Capitalization and earnings of the EWG or foreign utility company during the reporting period; and
(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).
CMS ENERGY'S EWGs AND FUCOs
As of December 31, 2001, CMS Energy had interests in 23 EWGs and 11 FUCOs:
EXEMPT WHOLESALE GENERATORS:
1. Centrales Termicas Mendoza, S.A. ("CTM")
(a) Centrales Termicas Mendoza, S.A.
Edificio torre Catalinas Plaza
Ing. Butty 220, 8th Floor
Buenos Aires, Argentina
Centrales Termicas Mendoza, S.A. an Argentine company, is an EWG and is the owner of a 540 MW facility in Cuyana
de Cuyo and a 15 MW generating unit in Cruz de Piedra, both located in Mendoza.
(b) CMS Enterprises Company owns 66.67% of CMS International Ventures, L.L.C. which owns
100% of CMS Operating, S.A., which owns 92.6% Cuyana S.A. de Inversiones. Cuyana S.A. de Inversionesowns
92.6% of CTM.
(c) As of December 31, 2001, CMS Generation has invested approximately $221 million in CTM through its subsidiaries
CMS Operating S.A. and Cuyana. de Inversiones S.A.
(d)
Capitalization (000s)
Shareholder's Equity $ 122,944
Irrevocable Contributions $ 86,948
Retained Earnings $ 18,741
Total $ 228,633
Net Income (Loss) for the period ended 12/31/01 $ (752)
(e) As of December 31, 2001, Centrales Termicas Mendoza, S.A., had a Contract of Operation with CMS
Operating S.A. This is a consulting contract in connection with the operation and maintenance of the eligible
facility. In 2001, total fees earned from the contract were $1,127,195.
2. Centrales Termicas San Nicolas, S.A. ("CTSN")
(a) Centrales Termicas San Nicolas, S.A.
Rivadavia S/N
2900 San Nicolas
Prov. Buenos Aires, Argentina
CTSN, an Argentine company, is an EWG and is owner and operator of a 650 MW power plant located in San
Nicolas, Argentina, north of Buenos Aires, Argentina. The five-unit plant can be fueled by coal, petroleum coke, oil
or natural gas. CMS Generation Co. holds a 0.016% indirect ownership interest in CTSN.
(b) CMS Generation Company has .1% interest in CMS Generation San Nicolas Company, which has a .1% interest in
Inversora San Nicolas, S.A., which owns 88% interest in CTSN. The remaining 12% interest is held by the Argentine
government on behalf of the facility's employees. . See Exhibit B
On July 7, 1995, AES Argentina, Inc. purchased a 99.9% ownership interest in CMS Generation San Nicolas Company,
represented by 9,990 newly issued shares, leaving CMS Generation Co. with a 0.016% indirect ownership interest in
CTSN.
(c) As of December 31, 2001, CMS Generation San Nicolas Company had invested approximately $4.2 million of equity in
CTSN. CMS Energy has been released from all guarantees related to CTSN.
(d)
Capitalization at 12/31/01
Bank Loans (000s)
Long Term Debt (Partners Loans) $ 0.00
Shareholder's Equity $ 0.00
Total Capitalization $ 0.00
Net Income (Loss) for the period ended
12/31/01 $ 0.00
As stated in Claimant's Form U-3A-2 filed February 29, 1996, due to the nominal interest (.016%) of CTSN
indirectly owned by CMS Generation Co., capitalization and earnings information of CTSN continues to be
unavailable.
(e) N/A
3. CMS Distributed Power, L.L.C.
(a) CMS Distributed Power, L.L.C. ("CDP")
Fairlane Plaza South
330 Town Center Drive, Suite 300
Dearborn, Michigan 48126
CDP, a Michigan limited liability company, is an EWG and owns a 40 MW direct generator producing facility located in
Zilwaukee, Michigan and a 38 MW direct generator producing facility in Dearborn, Michigan.
(b) CMS Enterprises Company owns 100% of CDP. See Exhibit B.
(c) As of December 31, 2001 CMS Enterprises Company funded approximately $7.7 million of expenditures by CDP.
(d)
Capitalization at 12/31/01
Bank Loans (000s)
Long Term Debt (Partners Loans) $ 0
Shareholder's Equity $ 0
Total Capitalization $ 5,934
Net Income (Loss) for the period ended 12/31/01 $ 5,934
$ (2,776)
(e) During the year 2001, CDP had a power purchase agreements with CMS MS&T, Dearborn Industrial Generation and
Seneca. In 2001, the total fees earned were $221,639 and $150,000, respectively. In 2001, the total fees earned
from the agreement were $5,946,000.
4. CMS Ensenada S.A. ("Ensenada")
(a) CMS Ensenada S.A.
Edificio Torre Catalinas Plaza
Ing. Butty 220 8th Floor
(1101) Buenos Aires, Argentina
Ensenada, an Argentine company, is an EWG and is the owner of a 128 MW natural gas-fired power plant, located on the grounds
of YPF S.A.'s La Plata oil refinery, located in the province of Buenos Aires, Argentina.
(b) CMS Operating S.A. owns 99% of CMS Ensenada S.A. See Exhibit B..
(c) As of December 31, 2001, CMS Operating S.A. had invested approximately $39.13 million of equity in Ensenada.
(d)
Capitalization at
12/31/01 (000)
Shareholder's $ 12
Equity
Irrevocable Contributions $ 39,118
OPIC Loan (LT) $ 52,174
Retained Earnings $ 2,942
Total Capitalization $ 94,246
Net Income (Loss) for the period ended 12/31/01 $ 3,459
(e) As of December 31, 2001, CMS Ensenada S.A. maintains a 7 year Operating and Maintenance Agreement with CMS Operating
S.A. to operate and maintain the La Plata cogeneration plant. This agreement took effect in 1997. In 2001, total
fees earned were $500,000.
5. CMS Generation Cebu Limited Duration Company ("Cebu")
(a) CMS Generation Cebu Limited Duration Company
c/o Maples and Calder
P.O. Box 309, Grand Cayman
Cayman Islands, British West Indies
Cebu, a Cayman Islands company, is an EWG and has indirect 47.5% ownership interests in two power plants totaling 134.5 MW
generating capacity located in Toledo City, Cebu, Philippines, in the central island group of the Republic of the
Philippines. The plants can be fueled by coal, oil or diesel fuel.
(b) CMS Generation Investment Company I and CMS Generation Investment Company II own 99% and 1%, respectively, of Cebu.
See Exhibit B.
(c) As of December 31, 2001, CMS Generation Investment Company I and CMS Generation Investment Company II had invested
approximately $14.8 million of equity in Cebu.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 14,510
Cumulative Translations Adjustment $ (7,330)
Net Income (Loss) for the period ended 12/31/01 $ 971
(e) N/A
6. CMS Generation Cebu Operating Limited Duration Company ("Cebu Operating")
(a) CMS Generation Cebu Operating Limited Duration Company
c/o Maples and Calder
P.O. Box 309, Grand Cayman
Cayman Islands, British West Indies
Cebu Operating, a Cayman Islands company, is an EWG and is the operator of two power plants totaling 134.5 MW generating
capacity, located in Toledo City, Cebu, Philippines, in the central island group of the Republic of the Philippines. The
plants are owned by Toledo Power Company.
(b) CMS Generation Investment Company I and CMS Generation Investment Company II, own 99% and 1%, respectively, of Cebu
Operating. See Exhibit B.
(c) As of December 31, 2001, CMS Generation Investment Company I and CMS Generation Investment Company II had invested
approximately $394 million of equity in Cebu Operating.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 420
Cumulative Translation Adjustment $ (151)
Net Income (Loss) for the period ended 12/31/01 $ (449)
(e) As of December 31, 2001, Toledo Power Company, owned 47.5% by Cebu Operating, has an operating agreement, effective
January 1, 1996, with Cebu Operating. In 2001, the total fees earned from the agreement were $336,244.
7. CMS Generation Michigan Power LLC
(a) CMS Generation Michigan Power LLC
Fairlane Plaza South
330 Town Center Drive
Dearborn, Michigan 48126
CMS Generation Michigan Power LLC, a United States company, is an EWG and owns a 68 MW natural gas-fired peaking facility
located in Comstock, Michigan and a 132 MW natural gas-fired peaking facility located in Gaylord, Michigan.
(b) CMS Generation Co. owns 100% of CMS Generation Michigan Power LLC. See Exhibit B.
(c) As of December 31, 2001, CMS Generation Co. had invested approximately $72 million of equity in CMS Generation
Michigan Power LLC.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 72,305
Net Income (Loss) for the period ended 12/31/01 $ 8,251
(e) As of December 31, 2001, CMS Generation Michigan Power, LLC had an Operating and Maintenance Agreement with CMS
Generation Co. In 2001, the total fees earned from the agreement were $206,020.
8. CMS Generation Operating Company
(a) CMS Generation Operating Company
Fairlane Plaza South
330 Town Center Drive
Dearborn, Michigan 48126
CMS Generation Operating Company, a United States company, is an EWG and is the operator of a 68 MW natural gas-fired
peaking facility located in Comstock, Michigan and a 132 MW natural gas-fired peaking facility located in Gaylord, Michigan.
(b) CMS Generation Co. owns 100% of CMS Generation Operating Co. See Exhibit B.
(c) As of December 31, 2001, CMS Generation Co. had invested approximately $2.5 million in CMS Generation Operating
Company.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 2,500
Net Income (Loss) for the period ended 12/31/01 $ 2,146
(e) N/A
9. CMS International Operating Company
(a) CMS International Operating Company
c/o Maples and Calder
Ugland House
P.O. Box 309, South Church Street
George Town, Cayman Islands, British West Indies
CMS International Operating Company, a Cayman Islands company, is an EWG and is the operator of a 220 MW combined cycle
thermal power plant under construction located at the Takoradi Power Plant Complex near Takoradi at Aboadze in the Western
Region of the Republic of Ghana.
(b) CMS Generation Co. owns 100% of CMS International Operating Company. See Exhibit B.
(c) As of December 31, 2001, CMS Generation Co. had invested approximately $8.3 million in CMS International Operating
Company.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 11,926
Cumulative Translation Adjustment $ (1,197)
Net Income (Loss) for the period ended 12/31/01 $ 3,176
(e) N/A
10. CMS Morocco Operating Co., SCA ("CMS Morocco")
(a) CMS Morocco Operating Company SCA
BP 99 Sidi Bouzid
El Jadida
Morocco
CMS Morocco, a Moroccan company, is an EWG that operates two 330 MW electric generating plants and two additional 348 MW
electric generating plants at the port of Jorf Lasfar on the Atlantic coast of Morocco.
(b) Jorf Lasfar Operations Handelsbolag, CMS Generation Investment Company I, CMS International Operating Company, and CMS
Generation Jorf Lasfar III Limited Duration Company own 99.7%, 0.1%, 0.1%, and 0.1%, respectively, of CMS
Morocco. See Exhibit B.
(c) As of November 30, 2001, Jorf Lasfar Operations Handelsbolag, CMS Generation Investment Company I, CMS International
Operating Company, and CMS Generation Jorf Lasfar III Limited Duration Company, had invested approximately $8.3
million of equity in CMS Morocco.
(d)
Capitalization at 11/30/01 (000s)
Shareholder's Equity $ 8,054
Net Income (Loss) for the period ended 11/30/01 $ 2,324
(e) As of December 31, 2001, Jorf Lasfar Energy Company had an Operating and Maintenance Agreement with CMS Morocco,
effective September 7, 1997. In 2001, total fees earned this Operating and Maintenance Agreement were $3,642,781.
11. Dearborn Generation Operating, L.L.C. ("Dearborn Generation Operating")
(a) Dearborn Generation Operating
Fairlane Plaza South
3330 Town Center
Dearborn, Michigan 48126
Dearborn Generation Operating, a United States company, is an EWG and is the operator of a 155 MW natural gas-fired
facility and an approximately 550 MW natural gas-fired facility under construction located in Dearborn, Michigan.
(b) CMS Generation Co. owns 100% of Dearborn Generation Operating. See Exhibit B.
(c) As of December 31, 2001, CMS Generation Co. had invested $3.5 million in Dearborn Generation Operating.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 5,340
Net Income (Loss) for the period ended 12/31/01 $ 2,761
(e) As of December 31, 2001, Dearborn Generation Operating had an operating and maintenance agreement with Dearborn
Industrial Generation. In 2001 the total operating and management fees were $874,665.
12. Dearborn Industrial Generation, L.L.C. ("Dearborn Industrial Generation")
(a) Dearborn Industrial Generation, L.L.C.
Fairlane Plaza South
330 Town Center Drive
Dearborn, Michigan 48126
Dearborn Industrial Generation, a United States company, is an EWG and is the owner of a 155 MW natural gas-fired
facility and an approximately 550 MW natural gas-fired facility under construction located in Dearborn, Michigan.
(b) Dearborn Industrial Energy L.L.C. owns 100% of Dearborn Industrial Generation. See Exhibit B.
(c) As of December 31, 2001, CMS Generation Co. had invested $129 million in Dearborn Industrial Generation.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ (106,481)
Net Income (Loss) for the period ended 12/31/00 $ (242,261)
(e) N/A
13. *Exeter Energy Limited Partnership
(a) Exeter Energy Limited Partnership
Fairlane Plaza South
330 Town Center Drive
Dearborn, Michigan 48126
Exeter Energy Limited Partnership, a United States company, is an EWG and owns a 26 MW waste tires-fired facility located
in Sterling, Connecticut.
(b) CMS Generation Co., Exeter Management Company and Oxford/CMS Development L.P. own 50%, 2% and 48%, respectively,
of Exeter Energy Limited Partnership. See Exhibit B.
(c) As of December 31, 2001, CMS Generation Co. has invested approximately $15 Million of equity in Exeter Energy
Limited Partnership.
(d)
Capitalization at 12/31/01 (000s)
Partners' Capital $ 21,036
Net Income (Loss) for the period ended 12/31/01 $ 35,967
(e) As of December 31, 2001, Exeter Energy Limited Partnership had an Operating and Maintenance Agreement with CMS
Generation Co. In 2001, the total fees earned from the agreement were $375,002.
14. GMR Vasavi Power Corporation Pvt. Ltd. ("GMR Vasavi")
(a) GMR Vasavi Power Corporation Pvt. Ltd.
25/1, SKIP House
Ground Floor
Museum Road
Bangalore 560 025, India
GMR Vasavi, an Indian company, is an EWG and owns a 200 MW diesel-fired power plant located in Basin Bridge in Chennai
(f.k.a. Madras), Tamil Nadu, India.
(b) CMS Energy Maurtius Limited, a wholly owned subsidiary of CMS International Venture LLC, owns 49% of GMR Vasavi.
See Exhibit B.
(c) As of December 31, 2001, CMS Energy Maurtius Limited had invested $29.1 million in GMR Vasavi.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 73,168
Secured Loans $ 110,359
Net Income (Loss) for the period ended 12/31/01 $ 8,248
(e) As of December 31, 2001, there was a construction/management agreement between CMS Generation Co. and GMR Vasavi
of which total operating and management fees earned were $425,004.
15. GVK Industries Limited ("GVK")
(a) GVK Industries Limited
Road No. 1
Banjara Hills, Hyderabad
India
GVK, an Indian company, is an EWG and is owner of a 235 MW electric generating plant located in Jegurupadu, Andra Pradesh,
India.
(b) Jegurupadu CMS Generation Company Limited, owns 23.75% of GVK. See Exhibit B.
(c) As of December 31, 2001, Jegurupadu CMS Generation Company Limited had invested $33.6 million of equity in GVK
Industries, directly and indirectly through Classic Investment I and Classic Investment II.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 104,689
LT Liabilities $ 90,831
Net Income (Loss) for the period ended 12/31/01 $ 11,584
(e) As of December 31, 2001, GVK Industries had a restated 10 year Operation and Maintenance Agreement with
Jegurupadu Operating, which became effective on the commercial operation date of the steam turbine unit. In
2001, total fees earned from the agreement were $423,696.
16. Hidroelectrica El Chocon, S.A. ("Hidroelectrica")
(a) Hidroelectrica El Chocon, S.A.
Avenida Espana
3301 Capital Federal, Argentina
Hidroelectrica, an Argentine company, is an EWG and holds a thirty-year concession to operate two hydroelectric power
plants located 26 kilometers apart on the Limay River in Western Argentina. These plants have a total generating capacity
of 1,320 MW.
(b) CMS Generation S.A. owns 2.48% of Hidroelectrica. Hidroinvest, S.A. owns 59% of Hidroelectrica. CMS
Generation, S.A. owns 25% of Hidroinvest, S.A. See Exhibit B.
(c) As of December 31, 2001, CMS Generation, S.A. had invested approximately $14 million of equity in Hydroelectrica El
Chocon, S.A.
(d)
Capitalization at 12/31/01 (000s)
Bank Loans $ 186,178
Shareholder's Equity $ 376,412
Total Capitalization $ 562,590
Net Income (Loss) for the period ended 12/31/01 $ 16,948
(e) N/A
17. Jamaica Private Power Company Limited ("Jamaica Private Power")
(a) Jamaica Private Power Company Limited
100 Windward Road,
Kingston 2,
Jamaica, W.I.
Jamaica Private Power, a Jamaican company, is an EWG and is the owner of a 65 MW electric generating facility in Rockfort,
Kingston, Jamaica.
(b) HCE-Rockfort Diesel owns 41.18 % of Jamaica Private Power. See Exhibit B.
(c) As of December 31, 2001, HCE Rockfort Diesel had invested approximately $21.1 million in Jamaica Private Power.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 45,017
Long-Term Debt $ 68,910
Net Income (Loss) for the period ended 12/31/01 $ 397
(e) As of December 31, 2001, Jamaica Private Power had an operating agreement with Private Power. In 2001, total
fees earned from the agreement were $196,595.
18. Jegurupadu Operating and Maintenance Company ("Jegurupadu Operating")
(a) Jegurupadu Operating and Maintenance Company
F-40, N.D.S.E., Part I
New Delhi 110 149
India
Jegurupadu Operating, a Mauritius company, is an EWG and is the operator of a 235 MW electric generating plant located in
Jegurupadu, Andra Pradesh, India. The plant is owned by GVK Industries Limited.
(b) Jegurupadu O&M Company Mauritius, owns 60% of Jegurupadu Operating. See Exhibit B.
(c) As of December 31, 2001, Jegurupadu O&M Company had invested approximately $5.1 million of equity in Jegurupadu
Operating Maintenance Company, India.
(d)
Capitalization at 12/31/01 (000s)
Shareholders' Equity $ 1,706
Net Income (Loss) for the period ended 12/31/01 $ 515
(e) As of December 31, 2001, GVK Industries had a restated 10 year Operation and Maintenance Agreement with
Jegurupadu Operating, which became effective on the commercial operation date of the steam turbine unit. In
2001, total fees earned from the agreement were $423,696.
19. Jorf Lasfar Energy Company SCA ("Jorf Lasfar")
(a) Jorf Lasfar Energy Company SCA
BP 99 Sidi Bouzid
El Jadida
Morocco
Jorf Lasfar, a Moroccan company, is an EWG that operates through a subcontractor, CMS Morocco Operating Company SCA, two
existing 330 MW electric generating plants and will construct and operate through a different subcontractor two additional
348 MW electric generating plants located at the port of Jorf Lasfar on the Atlantic coast of Morocco.
(b) Jorf Lasfar Energiaktiebolag, Jorf Lasfar Power Energy Aktiebolag, and Jorf Lasfar Handelsbolag HB, own 25%, 23%
and 2%, respectively, of Jorf Lasfar. See Exhibit B
(c) As of December 31, 2001, CMS Investment Company IV had invested approximately $135 million of equity in Jorf
Lasfar.
(d)
Capitalization at 11/30/01 (000s)
Shareholder's Equity $ 536,932
Long Term Loans $ 572,660
Net Income (Loss) for the period ended 11/30/01 $ 145,076
(e) As of December 31, 2001, Jorf Lasfar had an Operating and Maintenance Agreement with CMS Morocco, which became
effective September 4, 1997. In 2001, total fees earned under the agreement were $3,642,781.
20. National Power Supply Co. Ltd. ("National Power Supply")
(a) National Power Supply Co. Ltd
Fairlane Plaza South
330 Town Center Drive
Dearborn, Michigan 48126
National Power Supply, a Thailand company, is an EWG and is the owner and operator of two approximately 150 MW coal-fired
cogeneration units under construction with biomass fuel capability in the Tha Thuom area, Pranchiburi province,
approximately 140 kilometers east of Bangkok, Thailand.
(b) CMS Generation Co. owns 100% of CMS Generation Investment Company I, which owns 66.24% of National Power Supply.
See Exhibit B.
(c) As of December 31, 2001, CMS Generation Investment Company I had invested approximately
$23.5 million of equity in National Power Supply.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 95,706
Long-Term Loans $ 185,294
Net Income (Loss) for the period ended 12/31/01 $ 22,292
(e) As of December 31, 2001, CMS Generation Co. had an Operation and Maintenance Personnel Agreement with National
Power Supply. In 2001, no fees were earned under this agreement.
21. CMS Panhandle Lake Charles Generation Company, LLC
(a) CMS Panhandle Lake Charles Generation Company, LLC
5444 Westheimer Road
Houston, Texas 77056
CMS Panhandle Lake Charles Generation Company, LLC, a Delaware limited liability company, is an EWG and is the owner of a
50% undivided interest in an electric generating facility with a nominal capacity of 21 MW (15 MW of which is available
through the currently operable generator) located near Lake Charles, Louisiana. The facility is operated by Trunkline LNG
Company, LLC.
(b) CMS Panhandle Holdings, LLC owns 100% of CMS Panhandle Lake Charles. See Exhibit B.
(c) As of December 31, 2001, Trunkline Field Services Company had invested approximately $4 million of equity in of
CMS Panhandle Lake Charles.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 3,572
Net Income (Loss) for the period ended 12/31/01 $ (25)
(e) N/A
22. Private Power Operators Limited ("Private Power")
(a) Private Power Operators Limited
100 Windward Road
Kingston 2,
Jamaica, W.I.
Private Power, a Jamaican company, is an EWG and is the operator of a 65 MW electric generating facility in Rockfort,
Kingston, Jamaica.
(b) HCO-Jamaica, Inc. owns 50% of Private Power. See Exhibit B.
(c) As of December 31, 2001, HCO Jamaica, Inc. invested approximately $5,000 of equity in Private Power.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 10
Net Income (Loss) for the period ended 12/31/01 $ (0)
(e) N/A.
23. Takoradi International Company
(a) Takoradi International Company
c/o Maples and Calder
Ugland House
P.O. Box 309, South Church Street
George Town, Cayman Islands, British West Indies
Takoradi International Company, a Cayman Islands company, is an EWG and is the owner of a 330 MW combined cycle thermal
power plant under construction located at the Takoradi Power Plant Complex near Takoradi at Aboadze in the Western Region
of the Republic of Ghana.
(b) CMS Takoradi Investment Company II owns 90% of Takoradi International Company. See Exhibit B.
(c) As of December 31, 2001, CMS Generation Investment Company VI had invested approximately $113 million in Takoradi
International Company.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 125,269
Net Income (Loss) for the period ended 12/31/01 $ 22,161
(e) As of December 31, 2001, there were two operating and management fee agreements: (i) one between CMS Generation
Co. and Takoradi International Company; and (ii) the other between CMS Generation Co. and Volta River Authority.
In 2001, total operating and management fees earned were $854,166.
FOREIGN UTILITY COMPANIES
1. CMS Generation Horizon Energy Holdings Limited ("CMSG")
(a) CMS Generation Horizon Energy Holdings Limited
P.O. Box 309
Ugland House, South Church Street
Grand Cayman, Cayman Islands, British West Indies
CMSG, a Cayman Islands company, is a foreign utility company and is part-owner and operator of a 2,000 MW power station
and associated lignite mine located at Loy Yang, Victoria, Australia.
(b) CMS Generation Loy Yang Holdings 2 Ltd., a wholly owned subsidiary of CMS Generation Investment Company I, owns 100%
of CMSG. See Exhibit B.
(c) As of December 31, 2001, CMS Generation Investment Company I had invested approximately $106 million in CMS
Generation Loy Yang Holdings 2 Ltd. and advanced approximately $158 million to CMSG.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ (160,614)
Cumulative Translation Adjustment
$ (84,134)
Net Income (Loss) for the period ended 12/31/01 $ 10
(e) As of December 31, 2001, CMSG had an Industry Expertise Fee agreement with Loy Yang Power Partners. In 2001,
no fees were earned from the agreement.
2. CMS Operating S.A.
(a) CMS Operating S.A.
Edificio torre Catalinas Plaza
Ing. Butty 220, 8th Floor
Buenos Aires, Argentina
CMS Operating S.A, an Argentina company, has ownership interest of 99% in and is the operator of Ensenada, an EWG. As
of December 31, 2001, Centrales Termicas Mendoza S.A., located in Mendoza, Argentina, has a operation and maintenance
contract, a consulting contract, with CMS Operating S.A. Refer to EWG section item 1, part (e).
(b) CMS International Ventures, LLC owns 100% of CMS Operating S.A.
(c) As of December 31, 2001, CMS International Venture LLC had invested approximately $314 million of equity in
CMS Operating S.A.
(d)
Capitalization at 12/31/01 (000s)
Common Stock $ 35,785
Irrevocable Contributions $ 263,071
Retained Earnings $ 14,930
Total $ 313,786
Net Income (Loss) for the period ended 12/31/01 $ 3,316
(e) N/A
3. Companhia Jaguari De Energia ("Jaguari")
(a) Companhia Jaguari De Energia
Rua Padre Garcia Velho
73-6(degree) andar - conj. 61
Pinheiros
CEP 05421-030
Sao Paulo, SP, Brazil
Jaguari, a Brazilian company, is a foreign utility company that owns and operates an electricity distribution concession
located in the state of Sao Paulo. Jaguari is a non-traded utility company controlled by CPEE. Jaguari serves
approximately 24,000 customers.
(b) Jaguari is 100% owned by Sul Paulista. See CPEE below and Exhibit B.
(c) As of December 31, 2001, Sul Paulista has invested $9 million in Jaguari.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 29,253
Net Income (Loss) for the period ended 12/31/01 $ 5,092
(e) N/A
4. Companhia Luz E Forca De Mococa ("Mococa")
(a) Companhia Luz E Forda De Mococa
Rua Padre Garcia Velho
73-5(degree) andar - conj. 51
Pinheiros
CEP 05421-030
Sao Paulo, SP, Brazil
Mococa, a Brazilian company, is a foreign utility company that owns and operates an electricity distribution concession
located in the state of Sao Paulo and the State of Minas Gerais, Brazil. Mococa is a non-traded utility company controlled
by CPEE. Mococa serves approximately 33,000 customers.
(b) Mococa is 100% owned by Jaguari . See CPEE below and Exhibit B.
(c) As of December 31, 2001, Jaguari has invested $8.9 million in Mococa.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 8,892
Net Income (Loss) for the period ended 12/31/01 $ 1,259
(e) N/A
5. Companhia Paulista De Energia Electrica ("CPEE")
(a) Companhia Paulista De Energia Electrica
Rua Padre Garcia Velho
73-7(degree) andar - conj. 73
CEP 05421-030
Sao Paulo, SP, Brazil
CPEE, a Brazilian company, is a foreign utility company that owns and operates an electricity distribution concession in
the state of Sao Paulo, Brazil and also has a controlling interest in 3 other non-traded utility companies that own and
operate electricity distribution concessions located in the state of Sao Paulo and in the state of Minas Gerais. CPEE and
its controlled companies serve approximately 155,000 customers. CPEE also owns a 7 percent interest in Investco S.A.,
which owns an 850 MW hydroelectric plant, which started commercial operations in December 2001.
(b) CMS Participacoes Ltda. owns 93.86% of CPEE. See Exhibit B.
(c) As of December 31, 2001, CMS Participacoes Ltda. has invested $92 million in CPEE.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 53,008
Net Income (Loss) for the period ended 12/31/01 $ 8,523
(e) N/A
6. Companhia Sul Paulista De Energia Eletrica ("Sul Paulista")
(a) Companhia Sul Paulista De Energia
Rua Padre Garcia Velho
73-7(degree) andar - conj. 71
Pinheiros
CEP 05421-030
Sao Paulo, SP, Brazil
Sul Paulista, a Brazilian company, is a foreign utility company that owns and operates an electricity distribution
concession located in the state of Sao Paulo. Sul Paulista is a non-traded utility company controlled by CPEE. Sul
Paulista serves approximately 56,000 customers.
(b) Sul Paulista is 88.63% owned by CPEE. See CPEE above and Exhibit B.
(c) As of December 31, 2001, CPEE has invested $45 million in Paulista.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 50,813
Net Income (Loss) for the period ended
12/31/01 $ 9,724
(e) N/A
7. Emirates CMS Power Company
(a) P.O. Box 47688
United Arab Emirates
Al Mansoor Tower,
7th Floor, Suite 701
Abu Dhabi
Emirates CMS Power Company, an U.A.E. Abu Dhabi Emirate, is a foreign utility company that owns a generation and
desalination facility in Taweelah, Abu Dhabi.
(b) CMS Generation Taweelah Limited owns 40% of Emirates CMS Power Company.
(c) As of November 30, 2001, CMS Generation Taweelah Limited had invested $80 million in equity of Emirates CMS
Power Company.
(d)
Capitalization at 11/30/01 (000s)
Term Loan $ 0
Shareholder Loan $ 74,114
Retained Earnings $ 22,867
Shareholder's Equity $ 112,599
Total Capitalization $ 209,580
Net Income (Loss) for the period ended 11/30/01 $ 19,123
(e) N/A
8. Horizon Energy Holdings Ltd. ("Horizon Energy")
(a) Horizon Energy Holdings Limited
P.O. Box 309
Ugland House, South Church Street
Grand Cayman, Cayman Islands, British West Indies
Horizon Energy, a Cayman Islands company, is a foreign utility company and is part-owner and operator of a 2,000 MW power
station and associated lignite mine located at Loy Yang, Victoria, Australia.
(b) CMS Generation Loy Yang Holdings 1 Ltd., a wholly owned subsidiary of CMS Generation Investment Company I, owns 100%
of Horizon Energy. See Exhibit B.
(c) As of December 31, 2001, CMS Generation Investment Company I had invested approximately $106.8 million in CMS
Generation Loy Yang Holdings 1 Ltd. and advanced approximately $157 million to Horizon Energy.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ (157,820)
Cumulative Translation $ (83,556)
Intercompany Note Payable $ 156,968
Net Income (Loss) for the period ended 12/31/01 $ 0
(e) N/A.
9. Loy Yang Power Partners
(a) Bartons Line
Taralgon, Victoria, Australia
3844
Loy Yang Power Partners is a foreign utility company and is the operator of a 2,000 MW power station and associated
lignite mine located at Loy Yang, Victoria, Australia.
(b) CMS Generation Horizon Energy Holdings Limited ("CMSG") owns 25% and Horizon
Energy Holdings, Ltd. owns 24.63% of Loy Yang Power Partners. See Exhibit B.
(c) As of December 31, 2001, CMS Generation Horizon Energy Holdings Limited had invested approximately $315
million of equity in Loy Yang Power Partnership.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 651,777
Long-Term Loans $ 1,751,462
Net Income (Loss) for the period ended 12/31/01 $ 10,620
(e) As of December 31, 2001, CMS Generation Horizon Energy Holdings Limited had an Operating and Maintenance
Agreement with Loy Yang Power Partnership, effective September4, 1997. In 2001, no fees earned
from the agreement.
10. Sistema Electrico del Estado Nueva Esparta C.A. ("SENECA")
(a) Sistema Electrico del Estado Nueva Esparta C.A.
San Lorenzo
Pampatar, Nueva Esparta (6312)
Venezuela
SENECA, a Venezuelan company, is a foreign utility company and is the owner of 200 MW of diesel-fired power generation
units located on Margarita Island, Venezuela. SENECA also owns and operates an electric distribution system located on
Margarita Island, Venezuela, serving approximately 102,000 customers.
(b) CMS Electric and Gas Company owns 100% of ENELMAR. ENELMAR owns 33.34% of SENECA. CMS Electric and Gas Company
owns 100% of CMS Venezuela. CMS Venezuela owns 52.37% of SENECA. See Exhibit B.
(c) As of December 31, 2001, ENELMAR had invested $23.7 million in SENECA. As of December 31, 2001, CMS Venezuela
had invested $54.8 million in SENECA.
(d) Capitalization at 12/31/01 (000s)
Shareholder's Equity $ 164,764
Net Income (Loss) for the period ended 12/31/01 $ (3,398)
(e) N/A
11. Taweelah A2 Operating Company ("Taweelah")
(a) c/o CMS Generation Co.
330 Town Center Drive
Suite 1000
Dearborn, Michigan 48126
Taweelah is a foreign utility company that operates a 710.3 MW generation and desalination facility in Taweelah,
Abu Dhabi.
(b) CMS Energy owns an interest in Taweelah through intervening subsidiaries CMS Enterprises Company and CMS
Generation Co.
(c) As of December 31, 2001, CMS Generation Co. had invested approximately $828 thousand of equity in Taweelah.
(d)
Capitalization at 12/31/01 (000s)
Shareholder's Capital $ 551
Retained Earnings $ 227
Shareholder's Equity $ 828
Net Income (Loss) for the period ended 12/31/01 $ 250
(e) As of December 31, 2001, there was an operating and management agreement between Taweelah and Emirate CMS
Power Company of which total fees earned were $381,489.
The above-named Claimant has caused this statement to be duly executed on its behalf by its authorized officer on this
26th day of February, 2002.
CMS ENERGY CORPORATION
A Michigan corporation
[CORPORATE SEAL] By: /s/Rodger A. Kershner
Rodger A. Kershner
Senior Vice President,
General Counsel and Secretary
ATTEST:
/s/Michael D. VanHemert
Michael D. VanHemert
Deputy General Counsel and
Assistant Secretary
Name, title, and address of officer to whom notices and correspondence concerning this Statement should be addressed:
Rodger A. Kershner
Senior Vice President,
General Counsel and Secretary
CMS Energy Corporation
Fairlane Plaza South
Suite 1100
330 Town Center Drive
Dearborn, Michigan 48126
February 28, 2002
EXHIBIT A
A consolidating statement of income and surplus of CMS Energy and its subsidiary companies for the last calendar year, together
with a consolidating balance sheet of CMS Energy and its subsidiary companies as of the close of such calendar year is attached.
CMS ENERGY CORPORATION
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions, except Per Share Amounts)
Consumers CMS
Energy Enterprises Inter- CMS Energy
CMS Energy Company Company Company Corporation
Corp. (1) Consol. Consol. Eliminations Consol.
Operating Revenue
Electric utility $ - $2,633 $ - $ (2) $2,631
Gas utility - 1,338 - - 1,338
Independent power production - 41 347 - 388
Oil and gas exploration
and production - - 212 - 212
Natural gas transmission - - 1,078 (25) 1,053
Marketing, services and trading - - 7,486 (153) 7,333
Other 4 2 18 (2) 22
------ ------ ------ ------ ------
Total operating revenue 4 4,014 9,141 (182) 12,977
------ ------ ------ ------ ------
Operating Expenses
Fuel for electric generation - 330 28 (3) 355
Purchased power -
related parties - 543 - (4) 539
Purchased and interchange
power - 476 3,966 4 4,446
Cost of gas sold - 830 3,610 (173) 4,267
Other operation expense (23) 761 1,313 (6) 2,045
Maintenance - 203 60 - 263
Depreciation, depletion
and amortization 2 339 189 - 530
General taxes - 187 44 - 231
------ ------ ------ ------ ------
Total operating expenses (21) 3,669 9,210 (182) 12,676
------ ------ ------ ------ ------
Pretax Operating Income (Loss) 25 345 (69) - 301
------ ------ ------ ------ ------
Other Income (Deductions)
Dividends and interest
from affiliates 78 6 3 (87) -
Accretion expense (27) (10) - - (37)
Gain (loss) on asset sales (1) - 12 - 11
Other, net (293) 5 8 295 15
------ ------ ------ ------ ------
Total other income
(deductions) (243) 1 23 208 (11)
------ ------ ------ ------ ------
Fixed Charges
Interest on long-term debt 323 151 99 - 573
Other interest 66 41 27 (76) 58
Capitalized interest (5) (6) (27) - (38)
Preferred dividends - 2 2 (2) 2
Preferred securities distributions 55 41 - - 96
------ ------ ------ ------ ------
Net fixed charges 439 229 101 (78) 691
------ ------ ------ ------ ------
Income (Loss) from Continuing Operations
before Income Taxes and Minority Interests (657) 117 (147) 286 (401)
Income Taxes (Benefits) (126) 49 4 - (73)
Minority Interests - - 3 - 3
------ ------ ------ ------ ------
Income (Loss) from Continuing Operations (531) 68 (154) 286 (331)
Discontinued Operations (6) - (179) - (185)
------ ------ ------ ------ ------
Consolidated Net Income (Loss) before Effect
of Accounting Change, Extraordinary Item and
Common Stock Dividends (537) 68 (333) 286 (516)
Cumulative Effect of Accounting Change - (11) - - (11)
Extraordinary Item - - (18) - (18)
------ ------ ------ ------ ------
Consolidated Net Income (Loss) before
Common Stock Dividends (537) 57 (351) 286 (545)
Dividends on Common Stock 197 190 - (197) 190
------ ------ ------ ------ ------
Consolidated Net Income (Loss) after
Common Stock Dividends $ (734) $ (133) $ (351) $483 $ (735)
====== ====== ====== ====== ======
Average Number of CMS Energy Common Shares
Outstanding 130,758
Basic Earnings per CMS Energy Average Common $(4.17)
Share
Diluted Earnings per CMS Energy Average Common $(4.17)
Share
(1) Represents CMS Energy Corporation, CMS Energy Trust I, CMS Energy Trust II and CMS Energy Trust III consolidated with
8Consumers Energy Company and CMS Enterprises Company included on the equity method of accounting.
CONSUMERS ENERGY COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
Consumers Michigan Consumers CMS CMS Inter- Consumers
Energy Electric Funding LLC Midland Midland company Energy
Company (2) Transmission Holdings Inc. Elimina-tionCompany
Company Company Consol.
Operating Revenue
Electric $2,649 $ 82 $ - $ - $ - $(98) $2,633
Gas 1,358 - - - - (20) 1,338
Other 5 - - 14 24 - 43
------ ------ ------ ------ ------ ------ ------
Total operating revenue 4,012 82 - 14 24 (118) 4,014
------ ------ ------ ------ ------ ------ ------
Operating Expenses
Fuel for electric generation 330 - - - - - 330
Purchased power-related parties 604 - - - - (61) 543
Purchased and interchange power 476 - - - - - 476
Cost of gas sold 850 - - - - (20) 830
Other operation expense 762 27 - - - (28) 761
Maintenance 202 10 - - - (9) 203
Depreciation, depletion
and amortization 329 8 - - 2 - 339
General taxes 183 4 - - - - 187
------ ------ ------ ------ ------ ------ ------
Total operating expenses 3,736 49 - - 2 (118) 3,669
------ ------ ------ ------ ------ ------ ------
Pretax Operating Income 276 33 - 14 22 - 345
------ ------ ------ ------ ------ ------ ------
Other Income (Deductions)
Dividends and interest
from affiliates 49 1 3 - 1 (48) 6
Accretion expense (10) - - - - - (10)
Other, net 56 - - - - (51) 5
------ ------ ------ ------ ------ ------ ------
Total other income (deductions) 95 1 3 - 1 (99) 1
------ ------ ------ ------ ------ ------ ------
Interest Charges
Interest on long-term debt 148 - 3 - - - 151
Other interest 88 - - - - (47) 41
Capitalized interest (6) - - - - - (6)
------ ------ ------ ------ ------ ------ ------
Net interest charges 230 - 3 - - (47) 186
------ ------ ------ ------ ------ ------ ------
Income (Loss) before Income Taxes 141 34 - 14 23 (52) 160
Income Taxes 26 12 - 3 8 - 49
------ ------ ------ ------ ------ ------ ------
Net Income (Loss) before Accounting
Change 115 22 - 11 15 (52) 111
Cumulative Effect of Accounting
Change (11) - - - - - (11)
------ ------ ------ ------ ------ ------ ------
Net Income (Loss) 104 22 - 11 15 (52) 100
Preferred Stock Dividends 2 - - - - - 2
Preferred Securities Distribution 41 - - - - - 41
------ ------ ------ ------ ------ ------ ------
Net Income (Loss) Available
to Common Stockholder 61 22 - 11 15 (52) 57
Dividends on Common Stock 191 - - - - (1) 190
------ ------ ------ ------ ------ ------ ------
Net Income (Loss) after Common
Dividends $ (130) $ 22 $ - $ 11 $ 15 $(51) $ (133)
====== ====== ====== ====== ====== ====== ======
(2) Represents Consumers Energy Company, Consumers Power Company Financing I, Consumers Energy Company Financing II, Consumers
Energy Company Financing III, Consumers Energy Company Financing IV, Consumers Nuclear Services, Consumers Parnell Holdings LLC,
Michigan Electric Transmission Company, Consumers Funding LLC, ES Services Company and Consumers EnergyGuard Services, Inc.
consolidated with Michigan Gas Storage Company, CMS Midland Holdings Company, CMS Midland, Inc. and CMS Engineering Co. included
on the equity method of accounting.
CMS ENTERPRISES COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
CMS Oil CMS CMS CMS Gas
CMS and Gas Generation CMS Micropower CMS MS&T Trans.
Enterprises Co. Co. Consol. Capital Systems LLC Consol. Co.
Company (3) Consol. LLC Consol.
Operating Revenue
Oil and gas exploration
and production $ - $244 $ - $ - $ - $ - $ -
Independent power production - - 278 - - - -
Natural gas transmission - - - - - - 1,422
Marketing, services and trading - - - - - 7,628 -
Other 3 - - 11 1 - -
------ ------ ------ ------ ------ ------ ------
Total operating revenue 3 244 278 11 1 7,628 1,422
------ ------ ------ ------ ------ ------ ------
Operating Expenses
Fuel for electric generation - - 57 - - - -
Purchased and interchange power - - - - - 3,945 -
Cost of gas sold - - - - - 3,443 652
Other operation expense 24 160 498 4 4 163 437
Maintenance - 4 9 - - - 38
Depreciation, depletion
and amortization 1 48 16 - 1 5 100
General taxes 3 7 2 - - 2 30
------ ------ ------ ------ ------ ------ ------
Total operating expenses 28 219 582 4 5 7,558 1,257
------ ------ ------ ------ ------ ------ ------
Pretax Operating Income (Loss) (25) 25 (304) 7 (4) 70 165
------ ------ ------ ------ ------ ------ ------
Other Income (Deductions)
Dividends and interest
from affiliates 3 2 1 32 - 1 10
Gain (loss) on asset sales - - - - - - 1
Other, net (336) - (1) - - 2 2
------ ------ ------ ------ ------ ------ ------
Total other income (deductions) (333) 2 - 32 - 3 13
------ ------ ------ ------ ------ ------ ------
Fixed Charges
Interest on long-term debt - 7 - - - - 87
Other interest 2 8 23 30 - 3 10
Capitalized interest - - (22) - - - (5)
Preferred dividends 2 - - - - - -
------ ------ ------ ------ ------ ------ ------
Net fixed charges 4 15 1 30 - 3 92
------ ------ ------ ------ ------ ------ ------
Income (Loss) from Continuing Operations
before Income Taxes and Minority
Interests (362) 12 (305) 9 (4) 70 86
Income Taxes (Benefits) (10) 64 (115) 3 (1) 27 36
Minority Interests - - 2 - - - (3)
------ ------ ------ ------ ------ ------ ------
Income (Loss) from Continuing Operations (352) (52) (192) 6 (3) 43 53
Discontinued Operations - - (31) - - - -
------ ------ ------ ------ ------ ------ ------
Net Income (Loss) before
Extraordinary Item (352) (52) (223) 6 (3) 43 53
Extraordinary Item - - - - - - (18)
------ ------ ------ ------ ------ ------ ------
Net Income (Loss) $ (352) $(52) $ (223) $ 6 $ (3) $ 43 $ 35
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS ENTERPRISES COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
(Continued from Previous Page)
CMS
Enterprises
CMS Electric CMS Oper. S.A. CMS Distri. Intercompany Company
& Gas Company Consol. Power LLC Eliminations Consol.
Operating Revenue
Oil and gas exploration
and production $ - $ - $ - $(32) $212
Independent power production - 125 - (56) 347
Natural gas transmission - - - (344) 1,078
Marketing, services and trading - - - (142) 7,486
Other - - 1 2 18
------ ------ ------ ------ ------
Total operating revenue - 125 1 (572) 9,141
------ ------ ------ ------ ------
Operating Expenses
Fuel for electric generation - 60 - (89) 28
Purchased and interchange power - 21 - - 3,966
Cost of gas sold - - - (485) 3,610
Other operation expense 2 19 4 (2) 1,313
Maintenance - 9 - - 60
Depreciation, depletion
and amortization - 17 1 - 189
General taxes - - - - 44
------ ------ ------ ------ ------
Total operating expenses 2 126 5 (576) 9,210
------ ------ ------ ------ ------
Pretax Operating Income (Loss) (2) (1) (4) 4 (69)
------ ------ ------ ------ ------
Other Income (Deductions)
Dividends and interest
from affiliates 1 2 - (49) 3
Gain (loss) on asset sales 11 - - - 12
Other, net 5 (1) - 337 8
------ ------ ------ ------ ------
Total other income (deductions) 17 1 - 288 23
------ ------ ------ ------ ------
Fixed Charges
Interest on long-term debt - 5 - - 99
Other interest - - - (49) 27
Capitalized interest - - - - (27)
Preferred dividends - - - - 2
------ ------ ------ ------ ------
Net fixed charges - 5 - (49) 101
------ ------ ------ ------ ------
Income (Loss) from Continuing Operations
before Income Taxes and Minority
Interests 15 (5) (4) 341 (147)
Income Taxes (Benefits) 5 (4) (1) - 4
Minority Interests - - - 4 3
------ ------ ------ ------ ------
Income (Loss) from Continuing Operations 10 (1) (3) 337 (154)
Discontinued Operations (148) - - - (179)
------ ------ ------ ------ ------
Net Income (Loss) before
Extraordinary Item (138) (1) (3) 337 (333)
Extraordinary Item - - - - (18)
------ ------ ------ ------ ------
Net Income (Loss) $(138) $ (1) $ (3) $ 337 $ (351)
====== ====== ====== ====== ======
(3) Represents CMS Enterprises Company, CMS Resource Development Company, CMS Comercializadora de Energia S.A., CMS Energy
South America Company and CMS Energy UK Limited consolidated with CMS Oil and Gas Company, CMS Generation Company,
CMS Land Company, CMS Operating S.A., CMS MicroPower Systems LLC, CMS Distributed Power LLC, CMS Marketing, Services
and Trading Company, CMS Gas Transmission Company, CMS Electric and Gas Company and CMS Capital LLC included on the
equity method of accounting.
CMS OIL AND GAS COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
Explotaciones
CMS Oil CMS Oil & Gas CMS Oil
& Gas CMS Oil & Inter-national CMS O&G CMS Oil & CMS Oil & & Gas Co.
Company Gas Alba Co. Consol. Venezuela Gas Congo Gas E.G.
(4) LDC LDC Ltd. LDC
Operating Revenue
Oil and gas exploration
and production $ 83 $ 4 $ 59 $ 22 $ 5 $ 3 $ 14
Other - - - - - - -
------ ------ ------ ------ ------ ------ ------
Total operating revenue 83 4 59 22 5 3 14
------ ------ ------ ------ ------ ------ ------
Operating Expenses
Other operation expense 77 1 41 7 1 1 21
Maintenance - - 2 1 1 - -
Depreciation, depletion
and amortization 20 1 12 8 1 - 4
General taxes 7 - - - - - -
------ ------ ------ ------ ------ ------ ------
Total operating expenses 104 2 55 16 3 1 25
------ ------ ------ ------ ------ ------ ------
Pretax Operating Income (Loss) (21) 2 4 6 2 2 (11)
------ ------ ------ ------ ------ ------ ------
Other Income (Deductions)
Interest from affiliates - - - - - - -
Gain (loss) on asset sales - - - - - - -
Other, net 31 - - - - - -
------ ------ ------ ------ ------ ------ ------
Total other income
(deductions) 31 - - - - - -
------ ------ ------ ------ ------ ------ ------
Fixed Charges
Interest on long-term debt 7 - - - - - -
Other interest 7 - - - - - -
Capitalized interest - - - - - - -
------ ------ ------ ------ ------ ------ ------
Net fixed charges 14 - - - - - -
------ ------ ------ ------ ------ ------ ------
Income (Loss) before Income Taxes (4) 2 4 6 2 2 (11)
Income Taxes (Benefit) 48 - 8 2 - - (4)
------ ------ ------ ------ ------ ------ ------
Net Income (Loss) $(52) $ 2 $ (4) $ 4 $ 2 $ 2 $ (7)
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS OIL AND GAS COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
(Continued from Previous Page)
Inter-company
CMS Oil & CMS Oil & Eliminations CMS Oil &
Gas E.G. Ltd. Gas Int'l Gas Company
Ltd. Consol.
Operating Revenue
Oil and gas exploration
and production $ 54 $ - $ - $244
Other - - - -
------ ------ ------ ------
Total operating revenue 54 - - 244
------ ------ ------ ------
Operating Expenses
Other operation expense 11 - - 160
Maintenance - - - 4
Depreciation, depletion
and amortization 2 - - 48
General taxes - - - 7
------ ------ ------ ------
Total operating expenses 13 - - 219
------ ------ ------ ------
Pretax Operating Income (Loss) 41 - - 25
------ ------ ------ ------
Other Income (Deductions)
Interest from affiliates - 2 - 2
Gain (loss) on asset sales - - - -
Other, net - 1 (32) -
------ ------ ------ ------
Total other income
(deductions) - 3 (32) 2
------ ------ ------ ------
Fixed Charges
Interest on long-term debt - - - 7
Other interest 1 - 1 8
Capitalized interest - - - -
------ ------ ------ ------
Net fixed charges 1 - 1 15
------ ------ ------ ------
Income (Loss) before Income Taxes 40 3 (32) 12
Income Taxes (Benefit) 10 - - 64
------ ------ ------ ------
Net Income (Loss) $ 30 $ 3 $ (32) $ (52)
====== ====== ====== ======
(4) Represents CMS Oil and Gas Company consolidated with CMS Oil and Gas International Company included on the equity
method of accounting.
CMS OIL AND GAS INTERNATIONAL COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
CMS Oil & Gas Inter-company CMS Oil &
CMS Oil & Gas CMS NOMECO Int'l Eliminations Gas Inter.,
Int'l Co. (5) Int'l Congo Tunisia, Inc. Consol.
Hld., Inc.
Operating Revenue
Oil and gas exploration
and production $ - $ 32 $ 27 $ - $ 59
Other - - - - -
------ ------ ------ ------ ------
Total operating revenue - 32 27 - 59
------ ------ ------ ------ ------
Operating Expenses
Other operation expense 2 36 3 - 41
Maintenance - 2 - - 2
Depreciation, depletion
and amortization - 8 4 - 12
General taxes - - - - -
------ ------ ------ ------ ------
Total operating expenses 2 46 7 - 55
------ ------ ------ ------ ------
Pretax Operating Income (Loss) (2) (14) 20 - 4
------ ------ ------ ------ ------
Other Income (Deductions) (4) 18 - (14) -
------ ------ ------ ------ ------
Fixed Charges
Interest on long-term debt - - - - -
Other interest - - - - -
------ ------ ------ ------ ------
Net fixed charges - - - - -
------ ------ ------ ------ ------
Income (Loss) before Income Taxes (6) 4 20 (14) 4
Income Taxes (Benefit) (1) (5) 14 - 8
------ ------ ------ ------ ------
Net Income (Loss) $ (5) $ 9 $ 6 $(14) $ (4)
====== ====== ====== ====== ======
(5) Represents CMS Oil and Gas International Company, CMS Oil and Gas Cameroon Ltd. and CMS Oil and Gas Eritrea Ltd.
consolidated.
CMS GENERATION COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
CMS CMSG CMSG
Generation Exeter Filer HYDRA-CO Grayling CMSG Oxford
Co. (6) Energy LP City Inc. Enterprises, Holdings Operating CMS Dev.
Inc. Company Company LP
Operating Revenue
Independent power production $ 2 $ 13 $ 4 $ 4 $ 1 $ 1 $ -
Other - - - - - - -
------ ------ ------ ------ ------ ------ ------
Total operating revenue 2 13 4 4 1 1 -
------ ------ ------ ------ ------ ------ ------
Operating Expenses
Fuel for electric generation - - - - - - -
Purchased and interchange
power - - - - - - -
Other operation expense 80 6 1 1 - - -
Maintenance 1 - - - - - -
Depreciation, depletion
and amortization 5 1 - - - - -
General taxes - 1 - - - - -
------ ------ ------ ------ ------ ------ ------
Total operating expenses 86 8 1 1 - - -
------ ------ ------ ------ ------ ------ ------
Pretax Operating Income (Loss) (84) 5 3 3 1 1 -
------ ------ ------ ------ ------ ------ ------
Other Income (Deductions)
Interest from affiliates 11 - - 1 - - -
Gain (loss) on asset sales - - - - - - -
Other, net (263) - - - 1 2 17
------ ------ ------ ------ ------ ------ ------
Total other income
(deductions) (252) - - 1 1 2 17
------ ------ ------ ------ ------ ------ ------
Fixed Charges
Interest on long-term debt - - - - - - -
Other interest 3 - - 1 - - -
Capitalized interest (11) - - - - - -
------ ------ ------ ------ ------ ------ ------
Net fixed charges (8) - - 1 - - -
------ ------ ------ ------ ------ ------ ------
Income (Loss) from Continuing
Operations before Income Taxes
and Minority Interests (328) 5 3 3 2 3 17
Income Taxes (Benefit) (107) - 1 1 1 1 -
Minority Interests - - - - - - -
------ ------ ------ ------ ------ ------ ------
Income (Loss) from Continuing
Operations (221) 5 2 2 1 2 17
Discontinued Operations (2) - - - - - -
------ ------ ------ ------ ------ ------ ------
Net Income (Loss) $ (223) $ 5 $ 2 $ 2 $ 1 $ 2 $ 17
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GENERATION COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
(Continued from Previous Page)
Mid-Michigan CMSG Inv.
CMSG Honey CMS CMSG Recycling Co. I CMS Int'l CMSG
Lake Generation Inv. Co. LLC Consol. Operating Michigan
Company S.A. III Co. Power LLC
Operating Revenue
Independent power production $ - $ - $ 3 $ - $176 $ 5 $ 14
Other - - - - - - -
------ ------ ------ ------ ------ ------ ------
Total operating revenue - - 3 - 176 5 14
------ ------ ------ ------ ------ ------ ------
Operating Expenses
Fuel for electric generation - - - - 35 - 1
Purchased and interchange
power - - - - - - -
Other operation expense 30 24 - - 93 - 1
Maintenance - - - - 5 - -
Depreciation, depletion
and amortization - - - 5 2 - 3
General taxes - - - - - - 1
------ ------ ------ ------ ------ ------ ------
Total operating expenses 30 24 - 5 135 - 6
------ ------ ------ ------ ------ ------ ------
Pretax Operating Income (Loss) (30) (24) 3 (5) 41 5 8
------ ------ ------ ------ ------ ------ ------
Other Income (Deductions)
Interest from affiliates - - - - - - -
Gain (loss) on asset sales - - - - - - -
Other, net - - - - (4) - -
------ ------ ------ ------ ------ ------ ------
Total other income
(deductions) - - - - (4) - -
------ ------ ------ ------ ------ ------ ------
Fixed Charges
Interest on long-term debt - - - - - - -
Other interest - - - - 11 - -
Capitalized interest - - - - - - -
------ ------ ------ ------ ------ ------ ------
Net fixed charges - - - - 11 - -
------ ------ ------ ------ ------ ------ ------
Income (Loss) from Continuing
Operations before Income Taxes
and Minority Interests (30) (24) 3 (5) 26 5 8
Income Taxes (Benefit) (12) - (3) - 1 2 -
Minority Interests - - - - 2 - -
------ ------ ------ ------ ------ ------ ------
Income (Loss) from Continuing
Operations (18) (24) 6 (5) 23 3 8
Discontinued Operations - - - - (29) - -
------ ------ ------ ------ ------ ------ ------
Net Income (Loss) $ (18) $ (24) $ 6 $ (5) $ (6) $ 3 $ 8
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GENERATION COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
(Continued from Previous Page)
Inter-company CMS
Dearborn Dearborn Eliminations Generation
Industrial Generation Company
Generation LLC Operating LLC Consol.
Operating Revenue
Independent power production $ 49 $ 6 $ - $278
Other - - - -
------ ------ ------ ------
Total operating revenue 49 6 - 278
------ ------ ------ ------
Operating Expenses
Fuel for electric generation 21 - - 57
Purchased and interchange power - - - -
Other operation expense 259 3 - 498
Maintenance 3 - - 9
Depreciation, depletion and amortization - - - 16
General taxes - - - 2
------ ------ ------ ------
Total operating expenses 283 3 - 582
------ ------ ------ ------
Pretax Operating Income (Loss) (234) 3 - (304)
------ ------ ------ ------
Other Income (Deductions)
Interest from affiliates - - (11) 1
Gain (loss) on asset sales - - - -
Other, net - - 246 (1)
------ ------ ------ ------
Total other income (deductions) - - 235 -
------ ------ ------ ------
Fixed Charges
Interest on long-term debt - - - -
Other interest 19 - (11) 23
Capitalized interest (11) - - (22)
------ ------ ------ ------
Net fixed charges 8 - (11) 1
------ ------ ------ ------
Income (Loss) from Continuing Operations before
Income Taxes and Minority Interests (242) 3 246 (305)
Income Taxes (Benefit) - - - (115)
Minority Interests - - - 2
------ ------ ------ ------
Income (Loss) from Continuing Operations (242) 3 246 (192)
Discontinued Operations - - - (31)
------ ------ ------ ------
Net Income (Loss) $ (242) $ 3 $246 $ (223)
====== ====== ====== ======
(6) Represents CMS Generation Company, CMSG Filer City Operating Company, CMSG Grayling Company, CMSG Genesee Company,
CMSG Recycling Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, CMSG Mon Valley Company, CMSG Holdings
Company, CMSG Altoona Company, CMS Centrales Termicas S.A., Taweelah A2 Operating Company and CMSG Montreal Company
consolidated with CMSG Investment Company I included on the equity method of accounting.
CMS GENERATION INVESTMENT COMPANY I
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
CMSG CMSG Invest
CMSG Inv. Jeguru-padu CMSG CMSG CMSG CMSG Co. VI
Co. I (8) I/II LDC Taweelah Cebu LDC Pinamucan Invest (Takoradi)
LDC LDC Co. IV
Operating Revenue
Independent power production $ 11 $ 2 $ 4 $ 1 $ - $ 79 $ 75
Other - - - - - - -
------ ------ ------ ------ ------ ------ ------
Total operating revenue 11 2 4 1 - 79 75
------ ------ ------ ------ ------ ------ ------
Operating Expenses
Fuel for electric generation - - - - - - 35
Other operation expense 82 - - 1 (2) - 12
Maintenance - - - - - - 5
Depreciation, depletion
and amortization 1 1 - - - - -
General taxes - - - - - - -
------ ------ ------ ------ ------ ------ ------
Total operating expenses 83 1 - 1 (2) - 52
------ ------ ------ ------ ------ ------ ------
Pretax Operating Income (Loss) (72) 1 4 - 2 79 23
------ ------ ------ ------ ------ ------ ------
Other Income (Deductions)
Interest from affiliates - - - - - - -
Other, net 96 - - 1 - (5) -
------ ------ ------ ------ ------ ------ ------
Total other income
(deductions) 96 - - 1 - (5) -
------ ------ ------ ------ ------ ------ ------
Fixed Charges
Interest on long-term debt - - - - - - -
Other interest 1 - - - - 10 -
Capitalized interest - - - - - - -
------ ------ ------ ------ ------ ------ ------
Net fixed charges 1 - - - - 10 -
------ ------ ------ ------ ------ ------ ------
Income (Loss) from Continuing
Operations before Income Taxes
and Minority Interests 23 1 4 1 2 64 23
Income Taxes (Benefit) - - - - - - 1
Minority Interests - - - - - - 2
------ ------ ------ ------ ------ ------ ------
Income (Loss) from Continuing
Operations 23 1 4 1 2 64 20
Discontinued Operations (29) - - - - - -
------ ------ ------ ------ ------ ------ ------
Net Income (Loss) $ (6) $ 1 $ 4 $ 1 $ 2 $ 64 $ 20
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GENERATION INVESTMENT COMPANY I
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
(Continued from Previous Page)
Inter-company CMSG
Eliminations Investment
Monetize Co. I
Limited Consol.
Operating Revenue
Independent power production $ 4 $ - $176
Other - - -
------ ------ ------
Total operating revenue 4 - 176
------ ------ ------
Operating Expenses
Fuel for electric generation - - 35
Other operation expense - - 93
Maintenance - - 5
Depreciation, depletion
and amortization - - 2
General taxes - - -
------ ------ ------
Total operating expenses - - 135
------ ------ ------
Pretax Operating Income (Loss) 4 - 41
------ ------ ------
Other Income (Deductions)
Interest from affiliates - - -
Other, net - (96) (4)
------ ------ ------
Total other income
(deductions) - (96) (4)
------ ------ ------
Fixed Charges
Interest on long-term debt - - -
Other interest - - 11
Capitalized Interest - - -
------ ------ ------
Net fixed charges - - 11
------ ------ ------
Income (Loss) from Continuing
Operations before Income Taxes
and Minority Interests 4 (96) 26
Income Taxes (Benefit) - - 1
Minority Interests - - 2
------ ------ ------
Income (Loss) from Continuing
Operations 4 (96) 23
Discontinued Operations - - (29)
------ ------ ------
Net Income (Loss) $ 4 $(96) $ (6)
====== ====== ======
(8) Represents CMSG Investment Company I, CMSG Investment Company II, CMSG Loy Yang Holdings 1 Ltd. and CMSG Loy Yang
Holdings 2 Ltd. consolidated.
CMS GAS TRANSMISSION COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
CMS Gas
Transmission CMS CMS Panhandle
Company CMS Marysville CMS Gas Jackson Eastern
(9) Antrim Liquids Argentina Pipeline Pipe Line CMS Grand
Gas LLC Company Company Co. Consol. Lacs LLC
Operating Revenue
Natural gas transmission $ (3) $ 12 $ 11 $ 12 $ 2 $513 $ 5
Other - - - - - - -
------ ------ ------ ------ ------ ------ ------
Total operating revenue (3) 12 11 12 2 513 5
------ ------ ------ ------ ------ ------ ------
Operating Expenses
Cost of gas sold - - - - - - -
Other operation expense 36 2 18 - - 209 -
Maintenance 2 - 1 - - 28 -
Depreciation, depletion
and amortization 1 3 1 1 - 69 2
General taxes (1) 1 - - - 27 1
------ ------ ------ ------ ------ ------ ------
Total operating expenses 38 6 20 1 - 333 3
------ ------ ------ ------ ------ ------ ------
Pretax Operating Income (Loss) (41) 6 (9) 11 2 180 2
------ ------ ------ ------ ------ ------ ------
Other Income (Deductions)
Interest from affiliates - - - - - 9 -
Gain (loss) on asset sales - - - - - - -
Other, net 77 - - - - 1 -
------ ------ ------ ------ ------ ------ ------
Total other income
(deductions) 77 - - - - 10 -
------ ------ ------ ------ ------ ------ ------
Fixed Charges
Interest on long-term debt - 2 - - 1 84 -
Other interest (1) - - - - 2 -
Capitalized interest (2) - - - - (3) -
------ ------ ------ ------ ------ ------ ------
Net fixed charges (3) 2 - - 1 83 -
------ ------ ------ ------ ------ ------ ------
Income (Loss) before Income
Taxes and Minority Interests 39 4 (9) 11 1 107 2
Income Taxes (Benefit) (11) 1 (3) - - 43 1
Minority Interests - - - - - - -
------ ------ ------ ------ ------ ------ ------
Net Income (Loss) before
Extraordinary Item 50 3 (6) 11 1 64 1
Extraordinary Item (16) - - - - (2) -
------ ------ ------ ------ ------ ------ ------
Net Income (Loss) $ 34 $ 3 $ (6) $ 11 $ 1 $ 62 $ 1
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GAS TRANSMISSION COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
(Continued from Previous Page)
CMS Gas
CMS Bay Western Inter-CompaTrans-mission
Area Australia CMS Field Tristate Elimina-tioCompany
Pipeline LLC Gas Trans. Svcs., Inc. Pipeline Consol.
Co. I Consol. LLC
Operating Revenue
Natural gas transmission $ 4 $ 8 $858 $ - $ - $1,422
Other - - - - - -
------ ------ ------ ------ ------ ------
Total operating revenue 4 8 858 - - 1,422
------ ------ ------ ------ ------ ------
Operating Expenses
Cost of gas sold - 2 650 - - 652
Other operation expense 1 2 163 6 - 437
Maintenance - - 7 - - 38
Depreciation, depletion
and amortization 1 2 20 - - 100
General taxes - - 2 - - 30
------ ------ ------ ------ ------ ------
Total operating expenses 2 6 842 6 - 1,257
------ ------ ------ ------ ------ ------
Pretax Operating Income (Loss) 2 2 16 (6) - 165
------ ------ ------ ------ ------ ------
Other Income (Deductions)
Interest from affiliates - - 1 - - 10
Gain (loss) on asset sales - - 1 - - 1
Other, net - 1 - - (77) 2
------ ------ ------ ------ ------ ------
Total other income
(deductions) - 1 2 - (77) 13
------ ------ ------ ------ ------ ------
Fixed Charges
Interest on long-term debt - - - - - 87
Other interest - 4 5 - - 10
Capitalized interest - - - - - (5)
------ ------ ------ ------ ------ ------
Net fixed charges - 4 5 - - 92
------ ------ ------ ------ ------ ------
Income (Loss) before Income Taxes and
Minority Interests 2 (1) 13 (6) (77) 86
Income Taxes (Benefit) 1 - 4 - - 36
Minority Interests - (4) 1 - - (3)
------ ------ ------ ------ ------ ------
Net Income (Loss) before
Extraordinary Item 1 3 8 (6) (77) 53
Extraordinary Item - - - - - (18)
------ ------ ------ ------ ------ ------
Net Income (Loss) $ 1 $ 3 $ 8 $ (6) $(77) $ 35
====== ====== ====== ====== ====== ======
(9) Represents CMS Gas Transmission Company, CMS Saginaw Bay Lateral Company, CMSGT Australia Holdings Company, CMSGT
Australia Trust Ltd. and CMS Gas Transmission del Sur Company consolidated with CMS Field Services, Inc. and Panhandle
Eastern Pipe Line Company included on the equity method of accounting.
PANHANDLE EASTERN PIPE LINE COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
Panhandle
Panhandle Inter-CompanEastern
Eastern Pipe Trunkline Trunkline Pan Gas Elimina-tionPipe Line
Line Company Gas Company LNG Company Storage Co. Consol.
(10) Company
Operating Revenue
Natural gas transmission $271 $167 $ 75 $ 43 $(43) $513
Other - - - - - -
------ ------ ------ ------ ------ ------
Total operating revenue 271 167 75 43 (43) 513
------ ------ ------ ------ ------ ------
Operating Expenses
Cost of gas sold - - - - - -
Other operation expense 152 86 11 3 (43) 209
Maintenance 11 13 3 1 - 28
Depreciation, depletion
and amortization 40 22 1 6 - 69
General taxes 14 9 1 3 - 27
------ ------ ------ ------ ------ ------
Total operating expenses 217 130 16 13 (43) 333
------ ------ ------ ------ ------ ------
Pretax Operating Income (Loss) 54 37 59 30 - 180
------ ------ ------ ------ ------ ------
Other Income (Deductions)
Interest from affiliates 25 - - - (16) 9
Other, net 67 1 - - (67) 1
------ ------ ------ ------ ------ ------
Total other income
(deductions) 92 1 - - (83) 10
------ ------ ------ ------ ------ ------
Fixed Charges
Interest on long-term debt 84 - - - - 84
Other interest 2 16 - - (16) 2
Capitalized interest (1) (2) - - - (3)
------ ------ ------ ------ ------ ------
Net fixed charges 85 14 - - (16) 83
------ ------ ------ ------ ------ ------
Income (Loss) before Income Taxes and
Minority Interests 61 24 59 30 (67) 107
Income Taxes (Benefit) (3) 10 24 12 - 43
Minority Interests - - - - - -
------ ------ ------ ------ ------ ------
Net Income (Loss) before Extraordinary Item 64 14 35 18 (67) 64
Extraordinary Item (2) - - - - (2)
------ ------ ------ ------ ------ ------
Net Income (Loss) $ 62 $ 14 $ 35 $ 18 $(67) $ 62
====== ====== ====== ====== ====== ======
(10) Represents Panhandle Eastern Pipe Line Company, Sea Robin Pipeline Company, CMS Panhandle Eastern Resources, Inc., CMS
Panhandle Storage Company, CMS Trunkline Field Services Company, Guardian Pipeline LLC and CMS Trunkline Pipeline
Holdings, Inc. consolidated.
CMS FIELD SERVICES INC.
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
CMS/Taurus Bighorn Gas CMS Nat. CMS Cherokee
CMS Field Holdings CMS Gas Gathering Gas Gas Bradshaw
Services Company, Processing, LLC Gathering Processing Energy LLC
Inc. (11) Inc. LLC LLC LLC
Operating Revenue
Natural gas transmission $596 $ 28 $140 $ 10 $ 4 $ 39 $ 3
Other - - - - - - -
------ ------ ------ ------ ------ ------ ------
Total operating revenue 596 28 140 10 4 39 3
------ ------ ------ ------ ------ ------ ------
Operating Expenses
Cost of gas sold 442 18 137 - - 29 -
Other operation expense 147 3 2 2 2 4 1
Maintenance 1 1 2 2 - - -
Depreciation, depletion
and amortization 1 3 3 3 4 3 -
General taxes - 1 - 1 - - -
------ ------ ------ ------ ------ ------ ------
Total operating
expenses 591 26 144 8 6 36 1
------ ------ ------ ------ ------ ------ ------
Pretax Operating Income
(Loss) 5 2 (4) 2 (2) 3 2
------ ------ ------ ------ ------ ------ ------
Other Income (Deductions)
Interest from affiliates 1 - - - - - -
Gain (loss) on asset sales 1 - - - - - -
Other, net - - - - - - -
------ ------ ------ ------ ------ ------ ------
Total other income
(deductions) 2 - - - - - -
------ ------ ------ ------ ------ ------ ------
Fixed Charges
Interest on long-term
debt - - - - - - -
Other interest 5 - - - - - -
Capitalized interest - - - - - - -
------ ------ ------ ------ ------ ------ ------
Net fixed charges 5 - - - - - -
------ ------ ------ ------ ------ ------ ------
Income (Loss) before Income
Taxes and Minority Interests 2 2 (4) 2 (2) 3 2
Income Taxes 4 - - - - - -
Minority Interests - - - - - - -
------ ------ ------ ------ ------ ------ ------
Net Income (Loss) $ (2) $ 2 $ (4) $ 2 $ (2) $ 3 $ 2
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS FIELD SERVICES INC.
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
(Continued from Previous Page)
Inter-CompanyCMS Field
CMS Pipeline Elimina-tionsServices,
CMS Gulf Company Inc. Consol.
Coast LLC
Operating Revenue
Natural gas transmission $ 36 $ 2 $ - $858
Other - - - -
------ ------ ------ ------
Total operating revenue 36 2 - 858
------ ------ ------ ------
Operating Expenses
Cost of gas sold 24 - - 650
Other operation expense 2 - - 163
Maintenance - 1 - 7
Depreciation, depletion and amortization 3 - - 20
General taxes - - - 2
------ ------ ------ ------
Total operating expenses 29 1 - 842
------ ------ ------ ------
Pretax Operating Income (Loss) 7 1 - 16
------ ------ ------ ------
Other Income (Deductions)
Interest from affiliates - - - 1
Gain (loss) on asset sales - - - 1
Other, net - - - -
------ ------ ------ ------
Total other income (deductions) - - - 2
------ ------ ------ ------
Fixed Charges
Interest on long-term debt - - - -
Other interest - - - 5
Capitalized interest - - - -
------ ------ ------ ------
Net fixed charges - - - 5
------ ------ ------ ------
Income (Loss) before Income Taxes and Minority Interests 7 1 - 13
Income Taxes - - - 4
Minority Interests - - 1 1
------ ------ ------ ------
Net Income (Loss) $ 7 $ 1 $ (1) $ 8
====== ====== ====== ======
(11) Represents CMS Field Services, Inc., CMS Laverne Gas Processing LLC, CMS Oklahoma Natural Gas Gathering LLC and CMS
Hydrocarbons LLC consolidated.
CMS OPERATING S.A.
Consolidating Statement of Income
For the Year Ended December 31, 2001
(In Millions)
Centrales Inter-CompanyCMS
CMS Termicas CMS Elimina-tionsOperating
Operating Mendoza S.A. Ensenada S.A. Consol.
S.A. (12) S.A.
Operating Revenue
Independent power production $ - $ 77 $ 48 $ - $125
Other - - - - -
------ ------ ------ ------ ------
Total operating revenue - 77 48 - 125
------ ------ ------ ------ ------
Operating Expenses
Fuel for electric generation - 33 27 - 60
Purchased and interchange power - 18 3 - 21
Other operation expense 5 10 4 - 19
Maintenance - 7 2 - 9
Depreciation, depletion and amortization 1 11 5 - 17
General taxes - - - - -
------ ------ ------ ------ ------
Total operating expenses 6 79 41 - 126
------ ------ ------ ------ ------
Pretax Operating Income (Loss) (6) (2) 7 - (1)
------ ------ ------ ------ ------
Other Income (Deductions) - 3 1 (3) 1
------ ------ ------ ------ ------
Fixed Charges
Interest on long-term debt - - 5 - 5
Other interest - - - - -
Capitalized Interest - - - - -
------ ------ ------ ------ ------
Net fixed charges - - 5 - 5
------ ------ ------ ------ ------
Income (Loss) before Income Taxes
and Minority Interests (6) 1 3 (3) (5)
Income Taxes (Benefit) (5) 1 - - (4)
Minority Interests - - - - -
------ ------ ------ ------ ------
Net Income (Loss) $ (1) $ - $ 3 $(3) $ (1)
====== ====== ====== ====== ======
(12) Represents CMS Operating S.A. and Cuyana S.A. de Inversiones consolidated.
CMS ENERGY CORPORATION
Consolidating Balance Sheet Assets
December 31, 2001
(In Millions)
Consumers CMS Inter-company
Energy Enterprises Elimina-tionCMS Energy
CMS Energy Company Company Corporation
Corp. (1) Consol. Consol. Consol.
Plant and Property (At Cost)
Electric $ - $7,661 $ - $ - $ 7,661
Gas - 2,593 - - 2,593
Natural gas transmission - - 2,271 - 2,271
Oil and gas properties - - 849 - 849
Independent power production - - 916 - 916
International energy dist. - - 228 - 228
Other 40 23 50 - 113
------ ------ ------ ------ ------
40 10,277 4,314 - 14,631
Less accumulated depreciation,
depletion and amortization 13 5,934 886 - 6,833
------ ------ ------ ------ ------
27 4,343 3,428 - 7,798
Construction work-in-progress - 464 100 - 564
------ ------ ------ ------ ------
27 4,807 3,528 - 8,362
------ ------ ------ ------ ------
Investments
Associated companies 6,678 57 47 (6,782) -
Independent power production - - 718 - 718
Natural gas transmission - - 501 - 501
First Midland Limited Partnership - 253 - - 253
Midland Cogeneration Venture - 300 - - 300
Other 33 2 88 - 123
------ ------ ------ ------ ------
6,711 612 1,354 (6,782) 1,895
------ ------ ------ ------ ------
Current Assets
Cash and temporary cash investments 10 16 163 - 189
Accounts/notes receivable 117 (97) 1,352 (247) 1,125
Accrued revenues - 239 - - 239
Inventories to average cost
Gas in underground storage - 569 18 - 587
Materials and supplies - 69 105 - 174
Generating plant fuel stock - 52 - - 52
Prepayments and other (11) 177 161 - 327
------ ------ ------ ------ ------
116 1,025 1,799 (247) 2,693
------ ------ ------ ------ ------
Non-current Assets
Goodwill, net - - 811 - 811
Securitization costs - 717 - - 717
Nuclear decommissioning trust funds - 581 - - 581
Notes receivable-related parties 959 - 510 (1,292) 177
Notes receivable - - 134 - 134
Postretirement benefits - 209 - - 209
Abandoned Midland project - 12 - - 12
Other 157 343 293 (46) 747
------ ------ ------ ------ ------
1,116 1,862 1,748 (1,338) 3,388
------ ------ ------ ------ ------
Total Assets $7,970 $8,306 $8,429 $(8,367) $16,338
====== ====== ====== ====== ======
(1) Represents CMS Energy Corporation with CMS Energy Trust I, CMS Energy Trust II, CMS Energy Trust III, Consumers Energy
Company and CMS Enterprises Company included on the equity method of accounting.
CMS ENERGY CORPORATION
Consolidating Balance Sheet Equity and Liabilities
December 31, 2001
(In Millions)
Consumers CMS Inter-companCMS Energy
Energy Enterprises Elimina-tionCorporation
CMS Energy Company Company Consol.
Corp. (1) Consol. Consol.
Capitalization
Common Stockholders' Equity
Common stock $ 1 $841 $ - $(841) $ 1
Other paid-in-capital 3,477 632 6,139 (6,979) 3,269
Currency translation (295) - (293) 293 (295)
Revaluation capital (30) 4 (4) - (30)
Retained earnings (1,055) 373 (1,255) 882 (1,055)
------ ------ ------ ------ ------
2,098 1,850 4,587 (6,645) 1,890
Preferred stock 125 44 - (125) 44
Company-obligated mandatorily
redeemable preferred
securities of Consumer's subsidiaries - 520 - - 520
Company-obligated convertible
Trust Preferred Securities of subsidiaries 694 - - - 694
Long-term debt 4,716 2,472 1,398 (1,291) 7,295
Non-current capital leases - 56 4 - 60
------ ------ ------ ------ ------
7,633 4,942 5,989 (8,061) 10,503
------ ------ ------ ------ ------
Minority Interests - - 86 - 86
------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term debt 227 244 124 - 595
Current capital leases - 13 1 - 14
Notes payable - 416 69 (69) 416
Accounts payable 3 291 804 (9) 1,089
Accounts payable - related parties 4 80 46 (68) 62
Accrued interest 101 47 32 (17) 163
Accrued taxes 2 219 (15) (81) 125
Deferred income taxes - 12 39 - 51
Other 20 213 278 - 511
------ ------ ------ ------ ------
357 1,535 1,378 (244) 3,026
------ ------ ------ ------ ------
Non-current Liabilities
Deferred income taxes (44) 747 116 (46) 773
Postretirement benefits 23 279 31 - 333
Deferred investment tax credit - 102 - - 102
Regulatory liabilities for
income taxes, net - 276 - - 276
Power loss contract reserves - 169 185 - 354
Gas supply contract obligations - - 287 - 287
Other 1 256 357 (16) 598
------ ------ ------ ------ ------
(20) 1,829 976 (62) 2,723
------ ------ ------ ------ ------
Total Stockholders' Equity and Liabilities $7,970 $8,306 $8,429 $(8,367) $16,338
====== ====== ====== ====== =======
(1) Represents CMS Energy Corporation with CMS Energy Trust I, CMS Energy Trust II, CMS Energy Trust III, Consumers Energy
Company and CMS Enterprises Company included on the equity method of accounting.
CONSUMERS ENERGY COMPANY
Consolidating Balance Sheet Assets
December 31, 2001
(In Millions)
Consumers Michigan CMS Inter-CompanConsumers
Energy Electric Consumers Midland CMS Elimina-tionEnergy
Company (2) Trans. Funding LLC Holdings Midland Company
Company Company Inc. Consol.
Plant and Property (At Cost)
Electric $7,211 $450 $ - $ - $ - $ - $7,661
Gas 2,593 - - - - - 2,593
Other 23 - - - - - 23
------ ------ ------ ------ ------ ------ ------
9,827 450 - - - - 10,277
Less accumulated depreciation,
depletion and amortization 5,715 219 - - - - 5,934
------ ------ ------ ------ ------ ------ ------
4,112 231 - - - - 4,343
Construction work-in-progress 435 29 - - - - 464
------ ------ ------ ------ ------ ------ ------
4,547 260 - - - - 4,807
------ ------ ------ ------ ------ ------ ------
Investments
Associated companies 744 - - - - (687) 57
First Midland Limited
Partnership - - - 253 - - 253
Midland Cogeneration
Venture - - - - 300 - 300
Other 2 - - - - - 2
------ ------ ------ ------ ------ ------ ------
746 - - 253 300 (687) 612
------ ------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash
investments 10 - 4 - 2 - 16
Accounts/notes receivable (75) 44 17 - 10 (93) (97)
Accrued revenues 239 - - - - - 239
Inventories to average cost
Gas in underground storage 569 - - - - - 569
Materials and supplies 63 6 - - - - 69
Generating plant fuel stock 52 - - - - - 52
Prepayments and other 167 10 - - - - 177
------ ------ ------ ------ ------ ------ ------
1,025 60 21 - 12 (93) 1,025
------ ------ ------ ------ ------ ------ ------
Non-current Assets
Securitization costs 717 - - - - - 717
Nuclear decommissioning
trust funds 581 - - - - - 581
Postretirement benefits 209 - - - - - 209
Abandoned Midland project 12 - - - - - 12
Notes receivable - related party 536 - 453 - - (989) -
Other 343 - - - - - 343
------ ------ ------ ------ ------ ------ ------
2,398 - 453 - - (989) 1,862
------ ------ ------ ------ ------ ------ ------
Total Assets $8,716 $320 $ 474 $253 $312 $(1,769) $8,306
====== ====== ====== ====== ====== ====== ======
(2) Represents Consumers Energy Company, Consumers Power Company Financing I, Consumers Energy Company Financing II,
Consumers Energy Company Financing III, Consumers Energy Company Financing IV, Consumers Nuclear Services, Consumers
Parnell Holdings LLC, Michigan Gas Storage Company, ES Services Company, CMS Engineering Company, Consumers EnergyGuard
Services, Inc. and MEC Development Corporation consolidated with Michigan Electric Transmission Company, Consumers
Funding LLC, CMS Midland Holdings Company, CMS Midland, Inc. and Huron Hydrocarbons, Inc. included on the equity method
of accounting.
CONSUMERS ENERGY COMPANY
Consolidating Balance Sheet Equity and Liabilities
December 31, 2001
(In Millions)
Consumers Michigan CMS Inter-CompanConsumers
Energy Trans. Consumers Midland CMS Elimina-tionEnergy
Company (2) Electric Funding LLC Holdings Midland Company
Company Company Inc. Consol.
Capitalization
Common Stockholders' Equity
Common stock $872 $ - $ - $ - $ - $(31) $841
Other paid-in-capital 640 198 2 54 168 (430) 632
Revaluation capital 5 - - - (8) 7 4
Retained earnings 412 22 - 35 137 (233) 373
------ ------ ------ ------ ------ ------ ------
1,929 220 2 89 297 (687) 1,850
Preferred stock 44 - - - - - 44
Company-obligated mandatorily
redeemable preferred
securities of subsidiaries 520 520
Long-term debt 3,008 - 453 - - (989) 2,472
Non-current capital leases 56 - - - - - 56
------ ------ ------ ------ ------ ------ ------
5,557 220 455 89 297 (1,676) 4,942
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term
debt 228 - 16 - - - 244
Current capital leases 13 - - - - - 13
Notes payable 442 - - - - (26) 416
Accounts payable 298 - - - - (7) 291
Accounts payable - related
parties 122 18 - - - (60) 80
Accrued interest 47 - - - - - 47
Accrued taxes 212 11 - 4 (8) - 219
Deferred income taxes 12 - - - - - 12
Other 210 - 3 - - - 213
------ ------ ------ ------ ------ ------ ------
1,584 29 19 4 (8) (93) 1,535
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Deferred income taxes 537 42 - 146 22 - 747
Postretirement benefits 279 - - - - - 279
Deferred investment tax credit 87 - - 14 1 - 102
Regulatory liabilities for
income taxes, net 276 - - - - - 276
Power loss contract reserves 169 - - - - - 169
Other 227 29 - - - - 256
------ ------ ------ ------ ------ ------ ------
1,575 71 - 160 23 - 1,829
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $8,716 $320 $474 $253 $312 $(1,769) $8,306
====== ====== ====== ====== ====== ====== ======
(2) Represents Consumers Energy Company, Consumers Power Company Financing I, Consumers Energy Company Financing II,
Consumers Energy Company Financing III, Consumers Energy Company Financing IV, Consumers Nuclear Services, Consumers
Parnell Holdings LLC, Michigan Gas Storage Company, ES Services Company, CMS Engineering Company, Consumers EnergyGuard
Services, Inc. and MEC Development Corporation consolidated with Michigan Electric Transmission Company, Consumers
Funding LLC, CMS Midland Holdings Company, CMS Midland, Inc. and Huron Hydrocarbons, Inc. included on the equity method
of accounting.
CMS ENTERPRISES COMPANY
Consolidating Balance Sheet Assets
December 31, 2001
(In Millions)
CMS
Enterprise CMS Oil CMS Gas
Company and Gas CMS CMS CMS Land CMS MS&T Trans.
(3) Co. Generation Resource Company Company Company
Consol. Co. Consol. Dev. Co. Consol.
Plant and Property (At Cost)
Oil and gas properties $ - $849 $ - $ - $ - $ - $ -
Natural gas transmission - - - - - - 2,272
Independent power production - - 597 - - - -
International energy distribution - - - - - - -
Other 3 - - - 15 22 -
------ ------ ------ ------ ------ ------ ------
3 849 597 - 15 22 2,272
Less accumulated depreciation,
depletion and amortization 2 257 50 - - 8 273
------ ------ ------ ------ ------ ------ ------
1 592 547 - 15 14 1,999
Construction work-in-progress - - - - - 3 34
------ ------ ------ ------ ------ ------ ------
1 592 547 - 15 17 2,033
------ ------ ------ ------ ------ ------ ------
Investments
Associated companies 4,581 - - - - - -
Independent power production - - 718 - - - -
Natural gas transmission - - - - - - 553
Other 34 - - - 10 29 -
------ ------ ------ ------ ------ ------ ------
4,615 - 718 - 10 29 553
------ ------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash
investments - 42 34 - - 19 8
Accounts/notes receivable 14 158 188 10 - 798 418
Gas in underground storage - - - - - 16 2
Materials and supplies - 14 8 - - - 66
Prepayments and other 1 2 9 2 - 81 58
------ ------ ------ ------ ------ ------ ------
15 216 239 12 - 914 552
------ ------ ------ ------ ------ ------ ------
Non-current Assets
Goodwill, net - - 12 - - 14 745
Notes receivable - 5 107 - - - 19
Notes receivable-related parties - - 5 - - 333 338
Other 13 14 152 2 - 2 73
------ ------ ------ ------ ------ ------ ------
13 19 276 2 - 349 1,175
------ ------ ------ ------ ------ ------ ------
Total Assets $4,644 $827 $1,780 $ 14 $ 25 $1,309 $4,313
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS ENTERPRISES COMPANY
Consolidating Balance Sheet Assets
December 31, 2001
(In Millions)
(Continued from Previous Page)
CMS
CMS CMS Micro-Power Inter-companCMS
Electric CMS Operating Systems/ Elimina-tionEnterprises
& Gas Capital S.A. Co. CMS Dist. Company
Company LLC Consol. Power LLC Consol.
Plant and Property (At Cost)
Oil and gas properties $ - $ - $ - $ - $ - $849
Natural gas transmission - - - - (1) 2,271
Independent power production - - 319 - - 916
International energy distribution 228 - - - - 228
Other - 1 - 9 - 50
------ ------ ------ ------ ------ ------
228 1 319 9 (1) 4,314
Less accumulated depreciation,
depletion and amortization 226 - 67 3 - 886
------ ------ ------ ------ ------ ------
2 1 252 6 (1) 3,428
Construction work-in-progress 25 - 1 37 - 100
------ ------ ------ ------ ------ ------
27 1 253 43 (1) 3,528
------ ------ ------ ------ ------ ------
Investments
Associated companies - - - - (4,534) 47
Independent power production - - - - - 718
Natural gas transmission - - 8 - (60) 501
Other 15 - - - - 88
------ ------ ------ ------ ------ ------
15 - 8 - (4,594) 1,354
------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash
investments 29 (2) 33 - - 163
Accounts/notes receivable 102 636 60 1 (1,033) 1,352
Gas in underground storage - - - - - 18
Materials and supplies 8 - 9 - - 105
Prepayments and other 14 1 - - (7) 161
------ ------ ------ ------ ------ ------
153 635 102 1 (1,040) 1,799
------ ------ ------ ------ ------ ------
Non-current Assets
Goodwill, net 40 - - - - 811
Notes receivable - - 3 - - 134
Notes receivable-related parties - 175 21 - (362) 510
Other 7 1 29 - - 293
------ ------ ------ ------ ------ ------
47 176 53 - (362) 1,748
------ ------ ------ ------ ------ ------
Total Assets $242 $812 $ 416 $ 44 $(5,997) $8,429
====== ====== ====== ====== ====== ======
(3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc., CMS Comercializadora de Energia S.A., CMS
Energy South America Company and CMS Energy UK Limited consolidated with CMS Oil and Gas Company, CMS Generation
Company, CMS Land Company, CMS Distributed Power LLC, CMS MicroPower Systems LLC, CMS Capital LLC, CMS Marketing,
Services and Trading Company, CMS Gas Transmission Company, CMS Operating S.A. Company, CMS Resource Development
Company and CMS Electric and Gas Company included on the equity method of accounting.
CMS ENTERPRISES COMPANY
Consolidating Balance Sheet Equity and Liabilities
December 31, 2001
(In Millions)
CMS Oil CMS Gas
CMS and Gas CMS CMS CMS Land CMS MS&T Trans.
Enterprises Co. Generation Resource Company Company Company
Company (3) Consol. Co. Consol. Dev. Co. Consol.
Capitalization
Common Stockholders' Equity
Common stock $ 1 $173 $ - $ - $ - $ - $ -
Other paid-in-capital 6,143 93 2,078 4 22 238 2,283
Currency translation (294) - (186) - - - (35)
Revaluation capital (5) 5 (19) - - - (2)
Retained earnings (1,258) 88 (673) 3 (2) 6 (77)
------ ------ ------ ------ ------ ------ ------
4,587 359 1,200 7 20 244 2,169
Long-term debt - 68 - - - - 1,131
Non-current capital leases - 3 - - - - 1
------ ------ ------ ------ ------ ------ ------
4,587 430 1,200 7 20 244 3,301
------ ------ ------ ------ ------ ------ ------
Minority Interests - - 13 - - - 102
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term
debt - 110 - - - - 6
Current capital leases - - - - - - 1
Notes payable - 109 371 1 3 71 109
Accounts payable 9 82 13 1 - 542 94
Accounts payable - related
parties 39 11 28 1 - 119 9
Accrued interest 1 2 1 - - - 28
Accrued taxes (8) 14 (25) 1 - (13) (13)
Deferred income taxes - 46 - - - - -
Other 2 23 72 1 - (16) 178
------ ------ ------ ------ ------ ------ ------
43 397 460 5 3 703 412
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits 8 7 3 2 - 2 3
Deferred income taxes 5 (9) (114) - 2 22 226
Power loss contract reserves - - 185 - - - -
Gas supply contract obligations - - - - - 287 -
Other 1 2 33 - - 51 269
------ ------ ------ ------ ------ ------ ------
14 - 107 2 2 362 498
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $4,644 $827 $1,780 $ 14 $ 25 $1,309 $4,313
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS ENTERPRISES COMPANY
Consolidating Balance Sheet Equity and Liabilities
December 31, 2001
(In Millions)
(Continued from Previous Page)
CMS
CMS CMS Micro-Power Inter-companCMS
Electric Operating CMS Systems/CMS Elimina-tionEnterprises
& Gas S.A. Co. Capital Dist. Power Company
Company Consol. LLC LLC Consol.
Capitalization
Common Stockholders' Equity
Common stock $ - $ 36 $ - $ - $(210) $ -
Other paid-in-capital 508 272 24 50 (5,576) 6,139
Currency translation (71) - - - 293 (293)
Revaluation capital - - - - 17 (4)
Retained earnings (307) 11 16 (4) 942 (1,255)
------ ------ ------ ------ ------ ------
130 319 40 46 (4,534) 4,587
Long-term debt 2 46 513 - (362) 1,398
Non-current capital leases - - - - - 4
------ ------ ------ ------ ------ ------
132 365 553 46 (4,896) 5,989
------ ------ ------ ------ ------ ------
Minority Interests 21 10 - - (60) 86
------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term
debt 1 7 - - - 124
Current capital leases - - - - - 1
Notes payable - - 255 - (850) 69
Accounts payable 41 16 1 - 5 804
Accounts payable - related parties 25 - - - (186) 46
Accrued interest - - 2 - (2) 32
Accrued taxes 23 7 1 (2) - (15)
Deferred income taxes - - - - (7) 39
Other 15 3 - - - 278
------ ------ ------ ------ ------ ------
105 33 259 (2) (1,040) 1,378
------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits 6 - - - - 31
Deferred income taxes (23) 8 - - (1) 116
Power loss contract reserves - - - - - 185
Gas supply contract obligations - - - - - 287
Other 1 - - - - 357
------ ------ ------ ------ ------ ------
(16) 8 - - (1) 976
------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $242 $416 $812 $ 44 $(5,997) $8,429
====== ====== ====== ====== ====== ======
(3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc., CMS Comercializadora de Energia S.A., CMS
Energy South America Company and CMS Energy UK Limited consolidated with CMS Oil and Gas Company, CMS Generation
Company, CMS Land Company, CMS Distributed Power LLC, CMS Capital LLC, CMS MicroPower Systems LLC, CMS Marketing,
Services and Trading Company, CMS Gas Transmission Company, CMS Operating S.A. Company, CMS Resource Development
Company and CMS Electric and Gas Company included on the equity method of accounting.
CMS OIL AND GAS COMPANY
Consolidating Balance Sheet Assets
December 31, 2001
(In Millions)
Explota-tiones CMS Oil &
CMS Oil CMS Oil & CMS Oil CMS Oil & CMS Oil & Gas
and Gas Gas Co. & Gas Gas Congo Gas Interna.
Company CMS O&G Int'l Ltd. Venezuela Co. Consol.
(4) Alba LDC Ltd. LDC
Plant and Property (Suc Efforts)
Oil and gas properties $340 $ 13 $ 55 $ - $ 15 $ 81 $148
Other - - - - - - -
------ ------ ------ ------ ------ ------ ------
340 13 55 - 15 81 148
Less accumulated depreciation,
depletion and amortization 104 3 39 - 3 34 63
------ ------ ------ ------ ------ ------ ------
236 10 16 - 12 47 85
Construction work-in-progress - - - - - - -
------ ------ ------ ------ ------ ------ ------
236 10 16 - 12 47 85
------ ------ ------ ------ ------ ------ ------
Investments
Associated companies 439 - - - - - -
Other - - - - - - -
------ ------ ------ ------ ------ ------ ------
439 - - - - - -
------ ------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash
investments - 1 1 14 2 - 10
Accounts/notes receivable 64 - 2 31 1 10 45
Materials and supplies 8 - 1 - - - 5
Prepayments and other - - - - - 1 1
------ ------ ------ ------ ------ ------ ------
72 1 4 45 3 11 61
------ ------ ------ ------ ------ ------ ------
Non-current Assets
Notes receivable - 1 - - - - 3
Other 5 - - 5 - - 1
------ ------ ------ ------ ------ ------ ------
5 1 - 5 - - 4
------ ------ ------ ------ ------ ------ ------
Total Assets $752 $ 12 $ 20 $ 50 $ 15 $ 58 $150
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS OIL AND GAS COMPANY
Consolidating Balance Sheet Assets
December 31, 2001
(In Millions)
(Continued from Previous Page)
Inter-company
Eliminations CMS Oil & Gas
CMS Oil & Gas E.G. CMS Oil & Gas Company
LDC E.G. Ltd. Consol.
Plant and Property (Suc Efforts)
Oil and gas properties $ 7 $190 $ - $849
Other - - - -
------ ------ ------ ------
7 190 - 849
Less accumulated depreciation,
depletion and amortization 1 10 - 257
------ ------ ------ ------
6 180 - 592
Construction work-in-progress - - - -
------ ------ ------ ------
6 180 - 592
------ ------ ------ ------
Investments
Associated companies - - (439) -
Other - - - -
------ ------ ------ ------
- - (439) -
------ ------ ------ ------
Current Assets
Cash and temporary cash investments - 14 - 42
Accounts/notes receivable - 23 (18) 158
Materials and supplies - 7 (7) 14
Prepayments and other - - - 2
------ ------ ------ ------
- 44 (25) 216
------ ------ ------ ------
Non-current Assets
Notes receivable 1 - - 5
Other - 3 - 14
------ ------ ------ ------
1 3 - 19
------ ------ ------ ------
Total Assets $ 7 $227 $ (464) $827
====== ====== ====== ======
(4) Represents CMS Oil and Gas Company consolidated with CMS Oil and Gas International Company included on the equity
method of accounting.
CMS OIL AND GAS COMPANY
Consolidating Balance Sheet Equity and Liabilities
December 31, 2001
(In Millions)
Explota-tiones
CMS Oil CMS Oil CMS Oil CMS Oil CMS Oil &
and Gas and Gas & Gas & Gas Gas CMS Oil & Gas
Company CMS O&G Co. Intl. Congo Venezuela Interna. Co.
(4) Alba LDC Ltd. Ltd. LDC Consol.
Capitalization
Common Stockholders' Equity
Common stock $173 $ - $ - $ 1 $ - $ - $ -
Other paid-in-capital 93 5 64 26 7 33 78
Revaluation capital 5 - - - - - -
Retained earnings 92 7 (35) 15 7 16 28
------ ------ ------ ------ ------ ------ ------
363 12 29 42 14 49 106
Long-term debt 68 - - - - - -
Non-current capital leases - - - - - - -
------ ------ ------ ------ ------ ------ ------
431 12 29 42 14 49 106
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term
debt 110 - - - - - -
Notes payable 109 - - 1 - - -
Accounts payable 30 - 2 13 - 2 20
Accounts payable - related
parties 20 - 1 (6) 1 2 10
Accrued interest 1 - - - - - -
Accrued taxes 6 - (1) - - 5 2
Deferred income taxes 46 - - - - - -
Other 7 - - - - - 11
------ ------ ------ ------ ------ ------ ------
329 - 2 8 1 9 43
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits 7 - - - - - -
Deferred income taxes (16) - (11) - - - -
Other 1 - - - - - 1
------ ------ ------ ------ ------ ------ ------
(8) - (11) - - - 1
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $752 $ 12 $ 20 $ 50 $ 15 $ 58 $150
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS OIL AND GAS COMPANY
Consolidating Balance Sheet Equity and Liabilities
December 31, 2001
(In Millions)
(Continued from Previous Page)
Inter-company CMS Oil &
CMS Oil & CMS Oil & Gas Eliminations Gas Company
Gas E.G. LDC E.G. Ltd. Consol.
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ (1) $173
Other paid-in-capital 2 118 (333) 93
Revaluation capital - - - 5
Retained earnings 5 62 (109) 88
------ ------ ------ ------
7 180 (443) 359
Long-term debt - - - 68
Non-current capital leases - 3 - 3
------ ------ ------ ------
7 183 (443) 430
------ ------ ------ ------
Current Liabilities
Current portion of long-term debt - - - 110
Notes payable - - (1) 109
Accounts payable - 15 - 82
Accounts payable - related parties - - (17) 11
Accrued interest - 1 - 2
Accrued taxes - 1 1 14
Deferred income taxes - - - 46
Other - 5 - 23
------ ------ ------ ------
- 22 (17) 397
------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - 7
Deferred income taxes - 22 (4) (9)
Other - - - 2
------ ------ ------ ------
- 22 (4) -
------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $ 7 $227 $ (464) $827
====== ====== ====== ======
(4) Represents CMS Oil and Gas Company consolidated with CMS Oil and Gas International Company included on the equity
method of accounting.
CMS OIL AND GAS INTERNATIONAL COMPANY
Consolidating Balance Sheet Assets
December 31, 2001
(In Millions)
CMS Oil & CMS Oil & CMS Oil & Inter-companCMS Oil &
Gas Int'l CMS NOMECO Gas Int'l Gas Elimina-tionGas Int'l
Co. (5) Int'l Congo Tunisia, Inc. Cameroon, Co. Consol.
Hld., Inc. Ltd.
Plant and Property (Suc Efforts)
Oil and gas properties $ 3 $ 105 $ 36 $ 4 $ - $148
Other - - - - - -
------ ------ ------ ------ ------ ------
3 105 36 4 - 148
Less accumulated depreciation,
depletion and amortization 2 54 7 - - 63
------ ------ ------ ------ ------ ------
1 51 29 4 - 85
Construction work-in-progress - - - - - -
------ ------ ------ ------ ------ ------
1 51 29 4 - 85
------ ------ ------ ------ ------ ------
Investments
Associated companies 107 18 - - (125) -
Other - - - - - -
------ ------ ------ ------ ------ ------
107 18 - - (125) -
------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash investments - 6 3 1 - 10
Accounts/notes receivable - 33 11 1 - 45
Materials and supplies - 4 1 - - 5
Prepayments and other - 1 - - - 1
------ ------ ------ ------ ------ ------
- 44 15 2 - 61
------ ------ ------ ------ ------ ------
Non-current Assets
Notes receivable - - 3 - - 3
Other (1) 1 2 (1) - 1
------ ------ ------ ------ ------ ------
(1) 1 5 (1) - 4
------ ------ ------ ------ ------ ------
Total Assets $107 $114 $ 49 $ 5 $ (125) $150
====== ====== ====== ====== ====== ======
(5) Represents CMS Oil and Gas International Company and CMS Oil and Gas Eritrea Ltd. consolidated.
CMS OIL AND GAS INTERNATIONAL COMPANY
Consolidating Balance Sheet Equity and Liabilities
December 31, 2001
(In Millions)
CMS Oil & CMS Oil & Inter-company
CMS Oil & CMS NOMECO Gas Int'l Gas Elimination CMS Oil &
Gas Int'l Int'l Congo Tunisia, Inc. Cameroon, Gas Int'l
Co. (5) Hld., Inc. Inc. Co. Consol.
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ -
Other paid-in-capital 85 56 15 6 (84) 78
Retained earnings 22 31 18 (2) (41) 28
------ ------ ------ ------ ------ ------
107 87 33 4 (125) 106
Long-term debt - - - - - -
Non-current capital leases - - - - - -
------ ------ ------ ------ ------ ------
107 87 33 4 (125) 106
------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term debt - - - - - -
Notes payable - - - - - -
Accounts payable - 16 3 1 - 20
Accounts payable - related parties - 7 3 - - 10
Accrued interest - - - - - -
Accrued taxes - 1 1 - - 2
Other - 11 - - - 11
------ ------ ------ ------ ------ ------
- 35 7 1 - 43
------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - - - -
Deferred income taxes - (8) 8 - - -
Other - - 1 - - 1
------ ------ ------ ------ ------ ------
- (8) 9 - - 1
------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $107 $114 $ 49 $ 5 $ (125) $150
====== ====== ====== ====== ====== ======
(5) Represents CMS Oil and Gas International Company, CMS Oil and Gas International Transportation Company, CMS Oil and Gas
Cote D'Ivoire Ltd. and CMS Oil and Gas Eritrea Ltd. consolidated.
CMS GENERATION COMPANY
Consolidating Balance Sheet Assets
December 31, 2001
(In Millions)
CMSG
CMSG CMSG Taweelah Filer
CMS Oxford Filer CMSG Grayling A2 City
Generation CMS Dev. City, Grayling Holdings Operating Oper.
Co. (6) LP Inc. Company Company Company Company
Plant and Property (At Cost)
Independent power production $ 1 $ 2 $ - $ - $ - $ - $ -
Less accumulated depreciation,
depletion and amortization 1 - - - - - -
------ ------ ------ ------ ------ ------ ------
- 2 - - - - -
Construction work-in-progress - - - - - - -
------ ------ ------ ------ ------ ------ ------
- 2 - - - - -
------ ------ ------ ------ ------ ------ ------
Investments
Associated companies 784 10 - - - - -
Other 32 - 20 1 6 - -
------ ------ ------ ------ ------ ------ ------
816 10 20 1 6 - -
------ ------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash
investments - - - - - - -
Accounts/notes receivable 131 - - - 1 1 1
Materials and supplies - - - - - - -
Generating plant fuel stock - - - - - - -
Prepayments and other 2 - - - - - -
------ ------ ------ ------ ------ ------ ------
133 - - - 1 1 1
------ ------ ------ ------ ------ ------ ------
Non-current Assets
Goodwill, net - - - - - - -
Notes receivable - - - - - - -
Notes receivable - related parties - - - - - - -
Other 118 - - - - - -
------ ------ ------ ------ ------ ------ ------
118 - - - - - -
------ ------ ------ ------ ------ ------ ------
Total Assets $1,067 $ 12 $ 20 $ 1 $ 7 $ 1 $ 1
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GENERATION COMPANY
Consolidating Balance Sheet Assets
December 31, 2001
(In Millions)
(Continued from Previous Page)
Dearborn CMSG CMSG HYDRA-CO
Indust. CMS Dearborn Exeter Invest Michigan Enterprises,
Generation Generation Gen Oper. Energy LP Co. I Power LLC Inc.
LLC S.A. LLC Consol
Plant and Property (At Cost)
Independent power production $467 $ - $ - $ 50 $ - $ 77 $ -
Less accumulated depreciation,
and amortization 7 - - 36 - 6 -
------ ------ ------ ------ ------ ------ ------
460 - - 14 - 71 -
Construction work-in-progress - - - - - - -
------ ------ ------ ------ ------ ------ ------
460 - - 14 - 71 -
------ ------ ------ ------ ------ ------ ------
Investments
Associated companies - - - - - - -
Other - 14 - - 558 - 55
------ ------ ------ ------ ------ ------ ------
- 14 - - 558 - 55
------ ------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash
investments (1) - - 8 16 - -
Accounts/notes receivable 48 - 5 1 97 2 4
Materials and supplies 7 - - - 1 - -
Generating plant fuel stock - - - - - - -
Prepayments and other 1 - 1 - 1 - -
------ ------ ------ ------ ------ ------ ------
55 - 6 9 115 2 4
------ ------ ------ ------ ------ ------ ------
Non-current Assets
Goodwill, net - - - - 12 - -
Notes receivable - - - - 107 - -
Notes receivable - related parties - - - - - - (2)
Other 24 - - - 1 - 9
------ ------ ------ ------ ------ ------ ------
24 - - - 120 - 7
------ ------ ------ ------ ------ ------ ------
Total Assets $539 $ 14 $ 6 $ 23 $793 $ 73 $ 66
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GENERATION COMPANY
Consolidating Balance Sheet Assets
December 31, 2001
(In Millions)
(Continued from Previous Page)
CMS
Inter-company Generation
CMSG CMS CMSG CMS Int'l CMSG Elimination Company
Holdings Genesee Operating Co. Operating Invest. Consol.
Company Co. Co. Co. III
Plant and Property (At Cost)
Independent power production $ - $ - $ - $ - $ - $ - $ 597
Less accumulated depreciation,
depletion and amortization - - - - - - 50
------ ------ ------ ------ ------ ------ ------
- - - - - - 547
Construction work-in-progress - - - - - - -
------ ------ ------ ------ ------ ------ ------
- - - - - - 547
------ ------ ------ ------ ------ ------ ------
Investments
Associated companies 1 - - - - (795) -
Other 4 1 - - 27 - 718
------ ------ ------ ------ ------ ------ ------
5 1 - - 27 (795) 718
------ ------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash
investments - - - 9 2 - 34
Accounts/notes receivable 2 1 5 4 (1) (114) 188
Materials and supplies - - - - - - 8
Generating plant fuel stock - - - - - - -
Prepayments and other - - - 1 3 - 9
------ ------ ------ ------ ------ ------ ------
2 1 5 14 4 (114) 239
------ ------ ------ ------ ------ ------ ------
Non-current Assets
Goodwill, net - - - - - - 12
Notes receivable - - - - - - 107
Notes receivable - related parties - - - - 7 - 5
Other - - - - - - 152
------ ------ ------ ------ ------ ------ ------
- - - - 7 - 276
------ ------ ------ ------ ------ ------ ------
Total Assets $ 7 $ 2 $ 5 $ 14 $ 38 $ (909) $1,780
====== ====== ====== ====== ====== ====== ======
(6) Represents CMS Generation Company, CMSG Chateaugay Company, CMSG Honey Lake Company, CMSG Recycling Company, Mid-Michigan
Recycling LLC, CMSG Mon Valley Company, CMSG Lyonsdale Company, CMSG Montreal Company and CMS Centrales Termicas S.A.
consolidated with CMSG Investment Company I included on the equity method of accounting.
CMS GENERATION COMPANY
Consolidating Balance Sheet Equity and Liabilities
December 31, 2001
(In Millions)
CMSG
CMSG CMSG CMSG Filer
CMS Honey Filer CMSG Grayling Dearborn City
Generation Lake City, Grayling Holdings Generation Oper.
Co. (6) Company Inc. Company Company Oper. LLC Company
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 2,078 10 6 4 7 3 1
Currency translation (186) - - - - - -
Revaluation capital (19) - - - (1) - -
Retained earnings (673) (9) 10 (4) (5) 2 -
------ ------ ------ ------ ------ ------ ------
1,200 1 16 - 1 5 1
Long-term debt - - - - - - -
Non-current capital leases - - - - - - -
------ ------ ------ ------ ------ ------ ------
1,200 1 16 - 1 5 1
------ ------ ------ ------ ------ ------ ------
Minority Interests - - - - - - -
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term debt - - - - - - -
Current capital leases - - - - - - -
Notes payable 15 - - - - - -
Accounts payable 10 - - - - - -
Accounts payable - related parties 11 - - - - - -
Accrued interest 1 - - - - - -
Accrued taxes (41) 3 - - - - -
Other - - - - - 1 -
------ ------ ------ ------ ------ ------ ------
(4) 3 - - - 1 -
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits 2 - - - - - -
Deferred income taxes (132) (4) 4 1 6 - -
Power loss contract reserves - - - - - - -
Other 1 - - - - - -
------ ------ ------ ------ ------ ------ ------
(129) (4) 4 1 6 - -
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $1,067 $ - $ 20 $ 1 $ 7 $ 6 $ 1
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GENERATION COMPANY
Consolidating Balance Sheet Equity and Liabilities
December 31, 2001
(In Millions)
(Continued from Previous Page)
HYDRA-CO
Dearborn Mid-Michigan CMSG CMSG Enterprise,
Indust. CMS CMSG Recycling Invest Michigan Inc.
Generation LLC Generation Recycling LLC Co. I Power LLC
S.A. Company Consol
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 129 45 3 4 1,027 75 199
Currency translation - - - - (180) - -
Revaluation capital - - - - (11) - -
Retained earnings (236) (31) (2) (5) (174) (3) (154)
------ ------ ------ ------ ------ ------ ------
(107) 14 1 (1) 662 72 45
Long-term debt - - - - 91 - -
Non-current capital leases - - - - - - -
------ ------ ------ ------ ------ ------ ------
(107) 14 1 (1) 753 72 45
------ ------ ------ ------ ------ ------ ------
Minority Interests - - - - 13 - -
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term
debt - - - - - - -
Current capital leases - - - - - - -
Notes payable 351 - - 1 2 - -
Accounts payable 3 - - - (1) - 1
Accounts payable - related
parties 22 - - - 13 - 1
Accrued interest - - - - 1 - -
Accrued taxes - - - - (1) 1 10
Other 64 - - - 5 - 2
------ ------ ------ ------ ------ ------ ------
440 - - 1 19 1 14
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - - - - -
Deferred income taxes - - (1) - 6 - 2
Power loss contract reserves 185 - - - - - -
Other 21 - - - 2 - 5
------ ------ ------ ------ ------ ------ ------
206 - (1) - 8 - 7
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $539 $ 14 $ - $ - $793 $ 73 $66
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GENERATION COMPANY
Consolidating Balance Sheet Equity and Liabilities
December 31, 2001
(In Millions)
(Continued from Previous Page)
CMSG CMSG CMSG CMS Int'l CMSG
Holdings Altoona Exeter Operating Operating Invest Oxford CMS
Company Company Energy LLC Co. Co. Co. III Dev. LP
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 12 (9) (10) 4 3 34 41
Currency translation - - - - (1) (5) -
Revaluation capital - - - - - - -
Retained earnings (12) 7 31 (1) 10 8 (29)
------ ------ ------ ------ ------ ------ ------
- (2) 21 3 12 37 12
Long-term debt - - - - - - -
Non-current capital leases - - - - - - -
------ ------ ------ ------ ------ ------ ------
- (2) 21 3 12 37 12
------ ------ ------ ------ ------ ------ ------
Minority Interests - - - - - - -
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term
debt - - - - - - -
Current capital leases - - - - - - -
Notes payable - 2 - - - - -
Accounts payable - - - - - - -
Accounts payable - related
parties - - 1 - 1 1 -
Accrued interest - - - - - - -
Accrued taxes - - 1 1 1 - -
Other - - - - - - -
------ ------ ------ ------ ------ ------ ------
- 2 2 1 2 1 -
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - 1 - - -
Deferred income taxes 3 - - - - - -
Power loss contract reserves - - - - - - -
Other 4 - - - - - -
------ ------ ------ ------ ------ ------ ------
7 - - 1 - - -
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $ 7 $ - $ 23 $ 5 $ 14 $ 38 $ 12
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GENERATION COMPANY
Consolidating Balance Sheet Equity and Liabilities
December 31, 2001
(In Millions)
(Continued from Previous Page)
Taweelah A2
Operating Company CMSG Genesee Co. Intercompany CMS Generation
Eliminations Company Consol.
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ -
Other paid-in-capital 1 1 (1,590) 2,078
Currency translation - - 186 (186)
Revaluation capital - - 12 (19)
Retained earnings - - 597 (673)
------ ------ ------ ------
1 1 (795) 1,200
Long-term debt - - (91) -
Non-current capital leases - - - -
------ ------ ------ ------
1 1 (886) 1,200
------ ------ ------ ------
Minority Interests - - - 13
------ ------ ------ ------
Current Liabilities
Current portion of long-term debt - - - -
Current capital leases - - - -
Notes payable - - - 371
Accounts payable - - - 13
Accounts payable - related parties - - (22) 28
Accrued interest - - (1) 1
Accrued taxes - - - (25)
Other - - - 72
------ ------ ------ ------
- - (23) 460
------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - 3
Deferred income taxes - 1 - (114)
Power loss contract reserves - - - 185
Other - - - 33
------ ------ ------ ------
- 1 - 107
------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $ 1 $ 2 $ (909) $1,780
====== ====== ====== ======
(6) Represents CMS Generation Company, CMSG Mon Valley Company, CMSG Lyonsdale Company, CMSG Montreal Company, CMSG
Chateaugay Company and CMS Centrales Termicas S.A. consolidated with CMSG Investment Company I included on the equity
method of accounting.
CMS GENERATION INVESTMENT COMPANY I
Consolidating Balance Sheet - Assets
December 31, 2001
(In Millions)
CMSG CMSG Loy CMSG
CMSG Inv. Jegurupada CMSG Yang CMSG Invest.
Co. I (8) I/II LDC Inv. Co. CMSG Cebu Holdings Taweelah Co. VI
IV LDC 2 Ltd Ltd (Takoradi)
Plant and Property (At Cost)
Independent power production $ - $ - $ - $ - $ - $ - $ -
Less accumulated depreciation,
depletion and amortization - - - - - - -
------ ------ ------ ------ ------ ------ ------
- - - - - - -
Construction work-in-progress - - - - - - -
------ ------ ------ ------ ------ ------ ------
- - - - - - -
------ ------ ------ ------ ------ ------ ------
Investments
Associated companies 139 - - - - - -
Other 149 6 275 11 - 80 -
------ ------ ------ ------ ------ ------ ------
288 6 275 11 - 80 -
------ ------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash
investments 1 - - 7 - - 8
Accounts/notes receivable 362 2 35 - 8 - 37
Materials and supplies - - - - - - 1
Prepayments and other - - - - - - 1
------ ------ ------ ------ ------ ------ ------
363 2 35 7 8 - 47
------ ------ ------ ------ ------ ------ ------
Non-current Assets
Goodwill, net 12 - - - - - -
Notes receivable - - - - - - 107
Other 1 - - - - - -
------ ------ ------ ------ ------ ------ ------
13 - - - - - 107
------ ------ ------ ------ ------ ------ ------
Total Assets $664 $ 8 $310 $ 18 $ 8 $ 80 $154
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GENERATION INVESTMENT COMPANY I
Consolidating Balance Sheet - Assets
December 31, 2001
(In Millions)
(Continued from Previous Page)
Inter-company CMSG
Eliminations Investment
Monetize Co. I
Ltd Consol.
Plant and Property (At Cost)
Independent power production $ - $ - $ -
Less accumulated depreciation,
depletion and amortization - - -
------ ------ ------
- - -
Construction work-in-progress - - -
------ ------ ------
- - -
------ ------ ------
Investments
Associated companies - (139) -
Other 37 - 558
------ ------ ------
37 (139) 558
------ ------ ------
Current Assets
Cash and temporary cash
investments - - 16
Accounts/notes receivable - (347) 97
Materials and supplies - - 1
Prepayments and other - - 1
------ ------ ------
- (347) 115
------ ------ ------
Non-current Assets
Goodwill, net - - 12
Notes receivable - - 107
Other - - 1
------ ------ ------
- - 120
------ ------ ------
Total Assets $ 37 $ (486) $793
====== ====== ======
(8) Represents CMSG Investment Company I, CMSG Investment Company II and CMSG Pinamucan LDC consolidated.
CMS GENERATION INVESTMENT COMPANY I
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2001
(In Millions)
CMSG CMSG CMSG Loy CMSG Loy
Inv. Co. Jeguru-pada CMSG CMSG Yang Yang CMSG
I (8) I/II LDC Pinamucan Cebu LDC Holdings Holdings Invest.
LDC 1 Ltd. 2 Ltd. Co. IV
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ 1 $ 16 $ - $ - $ -
Other paid-in-capital 1,027 - 2 - 141 142 -
Currency translation (180) - - (7) (84) (84) -
Revaluation capital (11) - - - - - (11)
Retained earnings (174) 1 (3) 6 (215) (219) 208
------ ------ ------ ------ ------ ------ ------
662 1 - 15 (158) (161) 197
Long-term debt - - - - - - 91
Non-current capital leases - - - - - - -
------ ------ ------ ------ ------ ------ ------
662 1 - 15 (158) (161) 288
------ ------ ------ ------ ------ ------ ------
Minority Interests - - - - - - -
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term
debt - - - - - - -
Current capital leases - - - - - - -
Notes payable 3 7 - - 157 158 17
Accounts payable (3) - - (1) 2 1 -
Accounts payable - related
parties 1 - - 4 - 10 3
Accrued interest - - - - - - 1
Accrued taxes - - - - (1) - -
Other 1 - - - - - -
------ ------ ------ ------ ------ ------ ------
2 7 - 3 158 169 21
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - - - - -
Deferred income taxes - - - - - - -
Power loss contract reserves - - - - - - -
Other - - - - - - 1
------ ------ ------ ------ ------ ------ ------
- - - - - - 1
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $664 $ 8 $ - $ 18 $ - $ 8 $310
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GENERATION INVESTMENT COMPANY I
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2001
(In Millions)
(Continued from Previous Page)
CMSG Inter-company CMSG
CMSG Invest. Elimination Investment
Taweelah Co. VI Monetize Co. I
Ltd. (Takoradi) Ltd. Consol.
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $(17) $ -
Other paid-in-capital 74 99 29 (487) 1,027
Currency translation - - (5) 180 (180)
Revaluation capital - - - 11 (11)
Retained earnings 5 30 13 174 (174)
------ ------ ------ ------ ------
79 129 37 (139) 662
Long-term debt - - - - 91
Non-current capital leases - - - - -
------ ------ ------ ------ ------
79 129 37 (139) 753
------ ------ ------ ------ ------
Minority Interests - 13 - - 13
------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term
debt - - - - -
Current capital leases - - - - -
Notes payable - - - (340) 2
Accounts payable - 2 - (2) (1)
Accounts payable - related
parties - - - (5) 13
Accrued interest - - - - 1
Accrued taxes - - - - (1)
Other - 4 - - 5
------ ------ ------ ------ ------
- 6 - (347) 19
------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - - -
Deferred income taxes - 6 - - 6
Power loss contract reserves - - - - -
Other 1 - - - 2
------ ------ ------ ------ ------
1 6 - - 8
------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $ 80 $154 $ 37 $ (486) $793
====== ====== ====== ====== ======
(8) Represents CMSG Investment Company I and CMSG Investment Company II consolidated.
CMS GAS TRANSMISSION COMPANY
Consolidating Balance Sheet - Assets
December 31, 2001
(In Millions)
CMS Gas CMS Bay CMS
Trans-mission Area Saginaw Western CMS Gas CMS
Company CMS Pipe-line Bay Australia Argen-tina Jackson
(9) Antrim LLC LateralCompGas Trans. Company Pipeline
LLC Co.I Company
Plant and Property (At Cost)
Natural gas transmission $ 1 $54 $ 24 $ - $ 41 $ - $ 10
Other - - - - - - -
------ ------ ------ ------ ------ ------ ------
1 54 24 - 41 - 10
Less accumulated depreciation,
depletion and amortization 1 18 2 - 8 - 3
------ ------ ------ ------ ------ ------ ------
- 36 22 - 33 - 7
Construction work-in-progress - - - - - - -
------ ------ ------ ------ ------ ------ ------
- 36 22 - 33 - 7
------ ------ ------ ------ ------ ------ ------
Investments
Associated companies 2,017 - - - - - -
Other 97 - - - 205 173 -
------ ------ ------ ------ ------ ------ ------
2,114 - - - 205 173 -
------ ------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash investments 1 - - - 6 - 1
Accounts/notes receivable 2 2 1 1 96 8 -
Gas in underground storage 2 - - - - - -
Materials and supplies 1 1 - - 1 - -
Prepayments and other 1 - - - - - -
------ ------ ------ ------ ------ ------ ------
7 3 1 1 103 8 1
------ ------ ------ ------ ------ ------ ------
Non-current Assets
Goodwill, net - - - - - 40 -
Notes receivable 19 - - - - - -
Noted receivable - related parties 1 - - - - - -
Other 30 - - - 2 - 1
------ ------ ------ ------ ------ ------ ------
50 - - - 2 40 1
------ ------ ------ ------ ------ ------ ------
Total Assets $2,171 $39 $ 23 $ 1 $343 $221 $ 9
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GAS TRANSMISSION COMPANY
Consolidating Balance Sheet - Assets
December 31, 2001
(In Millions)
(Continued from Previous Page)
CMS Panhandle
Marysville Eastern CMS Field Inter-companCMS Gas
Gas Pipe Line Services, Tristate CMS Grand Elimina-tionTran.
Liquids Co. Consol. Inc. Pipeline Lacs LLC Company
Company Consol. LLC Consol.
Plant and Property (At Cost)
Natural gas transmission $ 45 $1,675 $390 $ - $ 32 $ - $2,272
Other - - - - - - -
------ ------ ------ ------ ------ ------ ------
45 1,675 390 - 32 - 2,272
Less accumulated
depreciation, depletion
and amortization 42 142 48 - 9 - 273
------ ------ ------ ------ ------ ------ ------
3 1,533 342 - 23 - 1,999
Construction work-in-
progress - 24 10 - - - 34
------ ------ ------ ------ ------ ------ ------
3 1,557 352 - 23 - 2,033
------ ------ ------ ------ ------ ------ ------
Investments
Associated companies - - - - - (2,017) -
Other 5 66 7 - - - 553
------ ------ ------ ------ ------ ------ ------
5 66 7 - - (2,017) 553
------ ------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash
investments - - - - - - 8
Accounts/notes receivable 4 201 103 - 2 (2) 418
Gas in underground storage - - - - - - 2
Materials and supplies 1 55 7 - - - 66
Prepayments and other - 56 1 - - - 58
------ ------ ------ ------ ------ ------ ------
5 312 111 - 2 (2) 552
------ ------ ------ ------ ------ ------ ------
Non-current Assets
Goodwill, net 5 700 - - - - 745
Notes receivable - - - - - - 19
Notes receivable - related parties - 337 - - - - 338
Other - 38 2 - - - 73
------ ------ ------ ------ ------ ------ ------
5 1,075 2 - - - 1,175
------ ------ ------ ------ ------ ------ ------
Total Assets $ 18 $3,010 $472 $ - $ 25 $(2,019) $4,313
====== ====== ====== ====== ====== ====== ======
(9) Represents CMS Gas Transmission Company consolidated with CMS Field Services, Inc. and Panhandle Eastern Pipe Line Company
included on the equity method of accounting.
CMS GAS TRANSMISSION COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2001
(In Millions)
CMS Gas CMS Western
Transmission CMS Bay Saginaw Australia CMS
Company CMS Area Bay Gas CMS Gas Jackson
(9) Antrim Pipeline Lateral Trans. Argentina Pipeline
LLC LLC Company Co. I Company Company
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $236 $ 4 $ -
Other paid-in-capital 2,283 - 23 3 - 164 2
Currency translation (35) - - - (35) - -
Revaluation capital (2) (1) - - (1) - -
Retained earnings (77) 3 (2) (3) 22 53 -
------ ------ ------ ------ ------ ------ ------
2,169 2 21 - 222 221 2
Long-term debt - 21 - - - - 3
Non-current capital leases - - - - - - -
------ ------ ------ ------ ------ ------ ------
2,169 23 21 - 222 221 5
------ ------ ------ ------ ------ ------ ------
Minority Interests - - - - 60 - 1
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term debt - 6 - - - - -
Current capital leases - - - - - - -
Notes payable - - - - 54 - -
Accounts payable 4 - - - 1 - -
Accounts payable - related parties 1 - - - - - -
Accrued interest - - - - 2 - -
Accrued taxes (23) 1 - - - - 1
Deferred income taxes - - - - - - -
Other 18 - - - 1 - -
------ ------ ------ ------ ------ ------ ------
- 7 - - 58 - 1
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits 3 - - - - - -
Deferred income taxes (1) 8 2 1 3 - 1
Other - 1 - - - - 1
------ ------ ------ ------ ------ ------ ------
2 9 2 1 3 - 2
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $2,171 $39 $ 23 $ 1 $343 $221 $ 9
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GAS TRANSMISSION COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2001
(In Millions)
Panhandle
CMS Eastern CMS Field Inter-companyCMS Gas
Marysville Pipe Line Services, Tristate CMS Grand Eliminations Trans.
Gas Liquids Co. Consol. Inc. Pipeline Lacs LLC Company
Company Consol. LLC Consol.
Capitalization
Common Stockholders' Equity
Common stock $ - $ 1 $ - $ - $ - $(241) $ -
Other paid-in-capital 33 1,286 179 6 30 (1,726) 2,283
Currency translation - - - - - 35 (35)
Revaluation capital - - - - - 2 (2)
Retained earnings (12) (5) 44 (6) (7) (87) (77)
------ ------ ------ ------ ------ ------ ------
21 1,282 223 - 23 (2,017) 2,169
Long-term debt - 1,082 25 - - - 1,131
Non-current capital leases - - 1 - - - 1
------ ------ ------ ------ ------ ------ ------
21 2,364 249 - 23 (2,017) 3,301
------ ------ ------ ------ ------ ------ ------
Minority Interests - - 41 - - - 102
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term
debt - - - - - - 6
Current capital leases - - 1 - - - 1
Notes payable - - 55 - - - 109
Accounts payable - 15 74 - - - 94
Accounts payable - related
parties - 10 3 - - (5) 9
Accrued interest - 23 - - - 3 28
Accrued taxes - 8 (5) - 1 4 (13)
Deferred income taxes - - - - - - -
Other 1 139 19 - - - 178
------ ------ ------ ------ ------ ------ ------
1 195 147 - 1 2 412
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - - - - 3
Deferred income taxes (4) 185 34 - 1 (4) 226
Other - 266 1 - - - 269
------ ------ ------ ------ ------ ------ ------
(4) 451 35 - 1 (4) 498
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $ 18 $3,010 $472 $ - $ 25 $(2,019) $4,313
====== ====== ====== ====== ====== ====== ======
(9) Represents CMS Gas Transmission Company consolidated with CMS Field Services, Inc. and Panhandle Eastern Pipe Line Company
included on the equity method of accounting.
PANHANDLE EASTERN PIPE LINE COMPANY
Consolidating Balance Sheet - Assets
December 31, 2001
(In Millions)
CMS
Trunkline
Panhandle Field Inter-companPanhandle
Eastern Pipe Trunkline Svcs. & Pan Gas Elimina-tionEastern
Line Co. Gas Company LNG Company Storage Pipe Line
Consol (10) Company Co. Cons.
Plant and Property (At Cost)
Natural gas transmission $753 $731 $ - $191 $ - $1,675
Other - - - - - -
------ ------ ------ ------ ------ ------
753 731 - 191 - 1,675
Less accumulated depreciation,
depletion and amortization 54 80 - 8 - 142
------ ------ ------ ------ ------ ------
699 651 - 183 - 1,533
Construction work-in-progress 15 6 - 3 - 24
------ ------ ------ ------ ------ ------
714 657 - 186 - 1,557
------ ------ ------ ------ ------ ------
Investments
Associated companies 906 - - - (906) -
Other - 64 2 - - 66
------ ------ ------ ------ ------ ------
906 64 2 - (906) 66
------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash investments - - - - - -
Accounts/notes receivable 48 179 6 4 (36) 201
Gas in underground storage - - - - - -
Materials and supplies 31 24 - - - 55
Prepayments and other 29 27 - - - 56
------ ------ ------ ------ ------ ------
108 230 6 4 (36) 312
------ ------ ------ ------ ------ ------
Non-current Assets
Goodwill, net 605 - - 95 - 700
Notes receivable - related parties 437 - - - (100) 337
Other 3 - - 35 - 38
------ ------ ------ ------ ------ ------
1,045 - - 130 (100) 1,075
------ ------ ------ ------ ------ ------
Total Assets $2,773 $951 $ 8 $320 ($1,042) $3,010
====== ====== ====== ====== ====== ======
(10) Represents Panhandle Eastern Pipe Line Company, Sea Robin Pipeline Company, CMS Panhandle Eastern Resources, Inc., CMS
Panhandle Storage Company, Guardian Pipeline LLC and CMS Trunkline Pipeline Holdings, Inc. consolidated.
PANHANDLE EASTERN PIPE LINE COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2001
(In Millions)
CMS
Panhandle Trunkline Inter-companPanhandle
Eastern Pipe Trunkline Field Svcs Pan Gas Elimina-tionEastern
Line Co. Gas Company & LNG Storage Pipe Line
Consol. (10) Company Company Co Consol.
Capitalization
Common Stockholders' Equity
Common stock $ 1 $ - $ - $ - $ - $ 1
Other paid-in-capital 1,286 610 8 295 (913) 1,286
Revaluation capital - - - - - -
Retained earnings (7) 2 - (7) 7 (5)
------ ------ ------ ------ ------ ------
1,280 612 8 288 (906) 1,282
Long-term debt 1,082 100 - - (100) 1,082
Non-current capital leases - - - - - -
------ ------ ------ ------ ------ ------
2,362 712 8 288 (1,006) 2,364
------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term debt - - - - - -
Current capital leases - - - - - -
Notes payable - 100 - - (100) -
Accounts payable 4 4 - 1 6 15
Accounts payable - related parties 10 - - - - 10
Accrued interest 23 - - - - 23
Accrued taxes (31) (20) - 1 58 8
Other 100 38 - 1 - 139
------ ------ ------ ------ ------ ------
106 122 - 3 (36) 195
------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - - - -
Deferred income taxes 93 63 - 29 - 185
Other 212 54 - - - 266
------ ------ ------ ------ ------ ------
305 117 - 29 - 451
------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $2,773 $951 $ 8 $320 ($1,042) $3,010
====== ====== ====== ====== ====== ======
(10) Represents Panhandle Eastern Pipe Line Company, Sea Robin Pipeline Company, CMS Panhandle Eastern Resources, Inc., CMS
Panhandle Storage Company, Guardian Pipeline LLC and CMS Trunkline Pipeline Holdings, Inc. consolidated.
CMS FIELD SERVICES, INC.
Consolidating Balance Sheet - Assets
December 31, 2001
(In Millions)
CMS CMS
CMS/Okla Taurus Bighorn Laverne CMS Nat.
CMS Field Nat. Gas Holdings Gas CMS Gas Gas Gas
Services, Gathering Company, Gathering Processing Proc. LLC Gathering
Inc (11) LLC Inc. LLC LLC LLC
Plant and Property (At Cost)
Natural gas transmission $ 8 $ 3 $ 54 $ 82 $ 63 $ 1 $ 74
Other - - - - - - -
------ ------ ------ ------ ------ ------ ------
8 3 54 82 63 1 74
Less accumulated depreciation,
depletion and amortization 2 - 8 3 9 - 12
------ ------ ------ ------ ------ ------ ------
6 3 46 79 54 1 62
Construction work-in-progress - - - 5 2 - -
------ ------ ------ ------ ------ ------ ------
6 3 46 84 56 1 62
------ ------ ------ ------ ------ ------ ------
Investments
Associated companies 292 - - - - - -
Other 4 - - - - - -
------ ------ ------ ------ ------ ------ ------
296 - - - - - -
------ ------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash
investments 1 - (1) 1 - - -
Accounts/notes receivable 56 1 8 3 6 1 9
Gas in underground storage - - - - - - -
Materials and supplies 7 - - - - - -
Prepayments and other 1 - - - - - -
------ ------ ------ ------ ------ ------ ------
65 1 7 4 6 1 9
------ ------ ------ ------ ------ ------ ------
Non-current Assets
Goodwill, net - - - - - - -
Notes receivable - - - - - - -
Other 2 - - - - - -
------ ------ ------ ------ ------ ------ ------
2 - - - - - -
------ ------ ------ ------ ------ ------ ------
Total Assets $369 $ 4 $ 53 $ 88 $ 62 $ 2 $ 71
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS FIELD SERVICES, INC.
Consolidating Balance Sheet - Assets
December 31, 2001
(In Millions)
(Continued from Previous Page)
CMS
Cherokee CMS CMS Inter-companCMS Field
Gas Bradshaw Pipeline Hydro-carboElimina-tionServices,
Processing Energy LLC CMS Gulf Company LLC LLC Inc. Cons.
LLC Coast LLC
Plant and Property (At Cost)
Natural gas transmission $ 49 $ 12 $ 37 $ 3 $ 4 $ - $390
Other - - - - - - -
------ ------ ------ ------ ------ ------ ------
49 12 37 3 4 - 390
Less accumulated depreciation,
depletion and amortization 9 2 3 - - - 48
------ ------ ------ ------ ------ ------ ------
40 10 34 3 4 - 342
Construction work-in-progress 1 - - 2 - - 10
------ ------ ------ ------ ------ ------ ------
41 10 34 5 4 - 352
------ ------ ------ ------ ------ ------ ------
Investments
Associated companies - - - - - (292) -
Other - - 3 - - - 7
------ ------ ------ ------ ------ ------ ------
- - 3 - - (292) 7
------ ------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash
investments (1) - - - - - -
Accounts/notes receivable 12 1 6 - - - 103
Gas in underground storage - - - - - - -
Materials and supplies - - - - - - 7
Prepayments and other - - - - - - 1
------ ------ ------ ------ ------ ------ ------
11 1 6 - - - 111
------ ------ ------ ------ ------ ------ ------
Non-current Assets
Goodwill, net - - - - - - -
Notes recievable - - - - - - -
Other - - - - - - 2
------ ------ ------ ------ ------ ------ ------
- - - - - - 2
------ ------ ------ ------ ------ ------ ------
Total Assets $ 52 $ 11 $ 43 $ 5 $ 4 $ (292) $472
====== ====== ====== ====== ====== ====== ======
(11) Represents CMS Field Services, Inc. consolidated.
CMS FIELD SERVICES, INC.
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2001
(In Millions)
CMS Field CMS
Services CMS/Okla. Bighorn Laverne CMS Nat.
Inc. (11) Nat. Gas CMS/Taurus Gas CMS Gas Gas Gas
Gathering Holdings Gathering Process-ing Proc. LLC Gather-ing
LLC Company, Inc. LLC LLC LLC
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 179 2 45 85 51 1 72
Revaluation capital - - - - - - -
Retained earnings 15 1 7 2 (6) 1 (5)
------ ------ ------ ------ ------ ------ ------
194 3 52 87 45 2 67
Long-term debt 25 - - - - - -
Non-current capital leases 1 - - - - - -
------ ------ ------ ------ ------ ------ ------
220 3 52 87 45 2 67
------ ------ ------ ------ ------ ------ ------
Minority Interests - - - - - - -
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term
debt - - - - - - -
Current capital leases 1 - - - - - -
Notes payable 46 - - - 7 - -
Accounts payable 50 1 1 1 10 - 4
Accounts payable - related
parties 3 - - - - - -
Accrued interest - - - - - - -
Accrued taxes (5) - - - - - -
Other 19 - - - - - -
------ ------ ------ ------ ------ ------ ------
114 1 1 1 17 - 4
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - - - - -
Deferred income taxes 34 - - - - - -
Other 1 - - - - - -
------ ------ ------ ------ ------ ------ ------
35 - - - - - -
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $369 $ 4 $ 53 $ 88 $ 62 $ 2 $ 71
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS FIELD SERVICES, INC.
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2001
(In Millions)
(Continued from Previous Page)
CMS
Cherokee CMS CMS Inter-compaCMS Field
Gas Bradshaw CMS Gulf Pipeline Hydro-carboElimina-tioServices,Inc.
Processing Energy LLC Coast LLC Company LLC Consol.
LLC LLC
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 30 8 33 2 5 (334) 179
Revaluation capital - - - - - - -
Retained earnings 20 2 7 1 (1) - 44
------ ------ ------ ------ ------ ------ ------
50 10 40 3 4 (334) 223
Long-term debt - - - - - - 25
Non-current capital leases - - - - - - 1
------ ------ ------ ------ ------ ------ ------
50 10 40 3 4 (334) 249
------ ------ ------ ------ ------ ------ ------
Minority Interests - - - - - 41 41
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term debt - - - - - - -
Current capital leases - - - - - - 1
Notes payable - - - 2 - - 55
Accounts payable 2 1 3 - - 1 74
Accounts payable - related parties - - - - - - 3
Accrued interest - - - - - - -
Accrued taxes - - - - - - (5)
Other - - - - - - 19
------ ------ ------ ------ ------ ------ ------
2 1 3 2 - 1 147
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - - - - -
Deferred income taxes - - - - - - 34
Other - - - - - - 1
------ ------ ------ ------ ------ ------ ------
- - - - - - 35
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $ 52 $ 11 $ 43 $ 5 $ 4 $ (292) $472
====== ====== ====== ====== ====== ====== ======
(11) Represents CMS Field Services, Inc. and CMS Roaring Creek Gas Services LLC consolidated.
CMS OPERATING S.A
Consolidating Balance Sheet - Assets
December 31, 2001
(In Millions)
Centrales Inter-company
CMS Termicas CMS Elimina-tionCMS
Operating Mendoza S.A. Ensenada Operating
S.A. (12) S.A. S.A. Consol.
Plant and Property (At Cost)
Independent power production $ 3 $222 $ 94 $ - $319
Less accumulated depreciation,
depletion and amortization - 47 20 - 67
------ ------ ------ ------ ------
3 175 74 - 252
Construction work-in-progress - 1 - - 1
------ ------ ------ ------ ------
3 176 74 - 253
------ ------ ------ ------ ------
Investments
Associated companies 261 - - (261) -
Other 8 - - - 8
------ ------ ------ ------ ------
269 - - (261) 8
------ ------ ------ ------ ------
Current Assets
Cash and temporary cash investments 9 9 15 - 33
Accounts/notes receivable (4) 53 11 - 60
Materials and supplies - 9 - - 9
Prepayments and other - - - - -
------ ------ ------ ------ ------
5 71 26 - 102
------ ------ ------ ------ ------
Non-current Assets
Notes receivable - - 3 - 3
Notes receivable - related parties 21 - - - 21
Other 24 5 - - 29
------ ------ ------ ------ ------
45 5 3 - 53
------ ------ ------ ------ ------
Total Assets $322 $252 $103 $(261) $416
====== ====== ====== ====== ======
(12) Represents CMS Operating S.A. and Cuyana S.A. de Inversiones consolidated.
CMS OPERATING S.A
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2001
(In Millions)
Inter-company CMS
CMS Centrales CMS Elimina-tions Operating
Operating Termicas Ensenada S.A. Consol.
S.A. (12) Mendoza S.A. S.A.
Capitalization
Common Stockholders' Equity
Common stock $ 36 $ 36 $ - $ (36) $ 36
Other paid-in-capital 272 167 39 (206) 272
Revaluation capital - - - - -
Retained earnings 11 18 3 (21) 11
------ ------ ------ ------ ------
319 221 42 (263) 319
Long-term debt - - 46 - 46
Non-current capital leases - - - - -
------ ------ ------ ------ ------
319 221 88 (263) 365
------ ------ ------ ------ ------
Minority Interests - 10 - - 10
------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term debt - - 7 - 7
Current capital leases - - - - -
Notes payable - - - - -
Accounts payable 3 6 5 2 16
Accounts payable - related parties - - - - -
Accrued interest - - - - -
Accrued taxes - 7 - - 7
Other 1 2 - - 3
------ ------ ------ ------ ------
4 15 12 2 33
------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - - -
Deferred income taxes (1) 6 3 - 8
Power loss contract reserves - - - - -
Other - - - - -
------ ------ ------ ------ ------
(1) 6 3 - 8
------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $322 $252 $103 $(261) $416
====== ====== ====== ====== ======
(12) Represents CMS Operating S.A. and Cuyana S.A. de Inversiones consolidated.
CMS ENERGY CORPORATION
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
Consumers CMS Inter-company
Energy Enterprises Elimina-tionCMS Energy
CMS Energy Company Company Corporation
Corp. (1) Consol. Consol. Consol.
Balance at January 1, 2001 $ (320) $506 $ (485) $ (21) $ (320)
Consolidated Net Income (Loss) (483) 100 (349) 285 (447)
Less Dividends Paid
Common Stock 190 - - - 190
Preferred Stock - 2 2 (2) 2
Preferred Securities Distributions 55 41 - - 96
Associated Companies 7 190 419 (616) -
------ ------ ------ ------ ------
252 233 421 (618) 288
------ ------ ------ ------ ------
Balance at December 31, 2001 $ (1,055) $373 $ (1,255) $882 $ (1,055)
====== ====== ====== ====== ======
(1) Represents CMS Energy Corporation with CMS Energy Trust I, CMS Energy Trust II, CMS Energy Trust III, Consumers Energy
Company and CMS Enterprises Company included on the equity method of accounting.
CONSUMERS ENERGY COMPANY
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
Michigan
Consumers Electric Inter-company Consumers
Energy Transmission Michigan CMS Midland CMS Eliminations Power
Company (2) Company Gas Storage Holdings Midland Company
Company Company Inc. Consol.
Balance at January 1, 2001 $506 $ - $ 36 $ 24 $ 122 $ (182) $506
Net Income (Loss) 100 22 4 11 15 (52) 100
Less Dividends Paid
Common Stock - - - - - - -
Preferred Stock 2 - - - - - 2
Preferred Securities Dist. 41 - - - - - 41
Associated Companies 191 - - - - (1) 190
------ ------ ------ ------ ------ ------ ------
234 - - - - (1) 233
------ ------ ------ ------ ------ ------ ------
Balance at December 31, 2001 $372 $ 22 $ 40 $ 35 $137 $ (233) $373
====== ====== ====== ====== ====== ====== ======
(2) Represents Consumers Energy Company, Consumers Power Company Financing I, Consumers Energy Company Financing II, Consumers
Energy Company Financing III, Consumers Energy Company Financing IV, Consumers Funding LLC, Consumers Nuclear Services,
Consumers Parnell Holdings LLC, CMS Engineering Company, Consumers EnergyGuard Services, Inc., Huron Hydrocarbons, Inc. and ES
Services Company consolidated with Michigan Gas Storage Company, Michigan Electric Transmission Company, CMS Midland Holdings
Company and CMS Midland, Inc. included on the equity method of accounting.
CMS ENTERPRISES COMPANY
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
CMS
Enterprises CMS Oil & CMS CMS CMS Gas
Company Gas Co. Generation CMS Electric CMS MS&T Tran.
(3) Consol. Company Resource & Gas Company Company
Consol. Dev. Co. Company Consol.
Balance at January 1, 2001 $ (488) $ 140 $(295) $ 3 $(32) $ 14 $(41)
Net Income (Loss) (349) (52) (223) - (138) 43 35
Less Dividends Paid
Common Stock - - - - - - -
Preferred Stock 2 - - - - - -
Associated Companies 419 - 155 - 137 51 71
------ ------ ------ ------ ------ ------ ------
421 - 155 - 137 51 71
------ ------ ------ ------ ------ ------ ------
Balance at December 31, 2001 $(1,258) $ 88 $ (673) $ 3 $(307) $ 6 $(77)
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS ENTERPRISES COMPANY
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
(Continued from Previous Page)
CMS
CMS Micro-Power Inter-companCMS
Operating Systems & Elimina-tionEnterprises
CMS Land S.A. Co. CMS Capital Dist. Power Company
Company Consol. LLC LLC Consol.
Balance at January 1, 2001 $ (1) $ 12 $ 15 $ 2 $ 186 $ (485)
Net Income (Loss) (1) (1) 6 (6) 337 (349)
Less Dividends Paid
Common Stock - - - - - -
Preferred Stock - - - - - 2
Associated Companies - - 5 - (419) 419
------ ------ ------ ------ ------ ------
- - 5 - (419) 421
------ ------ ------ ------ ------ ------
Balance at December 31, 2001 $ (2) $ 11 $ 16 $ (4) $942 $ (1,255)
====== ====== ====== ====== ====== ======
(3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc., CMS Comercializadora de Energia S.A., CMS
Energy South America Company and CMS Energy UK Limited consolidated with CMS Oil and Gas Company, CMS Generation Company,
CMS Land Company, CMS Distributed Power LLC, CMS MicroPower Systems LLC, CMS Operating S.A. Company, CMS Capital LLC,
CMS Marketing, Services and Trading Company, CMS Gas Transmission Company, CMS Resource Development Company and
CMS Electric and Gas Company included on the equity method of accounting.
CMS OIL AND GAS COMPANY
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
CMS Oil CMS Oil CMS Oil CMS Oil &
and Gas & Gas & Gas Gas CMS Oil & CMS Oil & CMS Oil &
Company Congo Int'l Venezuela Gas E.G. Gas E.G. Gas Alba
(4) Ltd. Ltd. LDC LDC Ltd. LDC
Balance at January 1, 2001 $144 $ 5 $ 12 $ 12 $ 3 $ 32 $ 5
Net Income (Loss) (52) 2 3 4 2 30 2
Less Dividends Paid
Common Stock - - - - - - -
Associated Companies - - - - - - -
------ ------ ------ ------ ------ ------ ------
- - - - - - -
------ ------ ------ ------ ------ ------ ------
Balance at December 31, 2001 $ 92 $ 7 $ 15 $ 16 $ 5 $ 62 $ 7
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS OIL AND GAS COMPANY
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
(Continued from Previous Page)
Explota-cionCMS Oil
CMS Oil & & Gas Inter-companyCMS Oil
Gas Co. Interna. Eliminations & Gas
Co. Company
Consol. Consol.
Balance at January 1, 2001 $(28) $ 32 $(77) $140
Net Income (Loss) (7) (4) (32) (52)
Less Dividends Paid
Common Stock - - - -
Associated Companies - - - -
------ ------ ------ ------
- - - -
------ ------ ------ ------
Balance at December 31, 2001 $(35) $ 28 $(109) $ 88
====== ====== ====== ======
(4) Represents CMS Oil and Gas Company consolidated with CMS Oil and Gas International Company included on the equity
method of accounting.
CMS OIL AND GAS INTERNATIONAL COMPANY
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
CMS Oil
CMS Oil CMS Oil & CMS Oil & Inter-company & Gas
& Gas CMS NOMECO Gas Int'l Gas Elimination Int'l
Int'l Int'l Congo Tunisia, Cameroon, Co.
Co. (5) Hld., Inc. Inc. Inc. Consol.
Balance at January 1, 2001 $ 26 $ 22 $ 12 $ (1) $(27) $ 32
Net Income (Loss) (4) 9 6 (1) (14) (4)
Less Dividends Paid
Common Stock - - - - - -
Associated Companies - - - - - -
------ ------ ------ ------ ------ ------
- - - - - -
------ ------ ------ ------ ------ ------
Balance at December 31, 2001 $ 22 $ 31 $ 18 $ (2) $ (41) $ 28
====== ====== ====== ====== ====== ======
(5) Represents CMS Oil and Gas International Company, CMS Oil and Gas Eritrea Ltd., CMS Oil and Gas Cote D'Ivoire Ltd. and
CMS Oil and Gas International Transportation Company consolidated.
CMS GENERATION COMPANY
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
CMSG CMSG CMSG Dearborn
CMS Honey Filer CMSG Grayling CMSG Generation
Generation Lake City, Grayling Holdings Operating Operating
Co. (6) Company Inc. Company Company Company LLC
Balance at January 1, 2001 $(295) $ 11 $ 8 $ (4) $ (5) $ 2 $ 1
Net Income (Loss) (228) (18) 2 - 1 2 3
Less Dividends Paid
Common Stock - - - - - - -
Associated Companies 155 2 - - 1 5 2
------ ------ ------ ------ ------ ------ ------
155 2 - - 1 5 2
------ ------ ------ ------ ------ ------ ------
Balance at December 31, 2001 $ (678) $ (9) $ 10 $ (4) $ (5) $ (1) $ 2
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GENERATION COMPANY
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
(Continued from Previous Page)
Dearborn CMSG CMSG HYDRA-CO
Indust. CMS CMSG CMS Int'l Inv. Co. Michigan Enterprises,
Generation Generation Recycling Operating I Consol. Power LLC Inc.
LLC S.A. Company Company
Balance at January 1, 2001 $ 6 $ (7) $ (2) $ 7 $ (168) $ 1 $ (152)
Net Income (Loss) (242) (24) - 3 (6) 8 2
Less Dividends Paid
Common Stock - - - - - - -
Associated Companies - - - - - 12 4
------ ------ ------ ------ ------ ------ ------
- - - - - 12 4
------ ------ ------ ------ ------ ------ ------
Balance at December 31, 2001 $(236) $ (31) $ (2) $ 10 $ (174) $ (3) $ (154)
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GENERATION COMPANY
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
(Continued from Previous Page)
Inter-company CMS
Exeter CMSG CMS Oxford CMS Eliminations Generation
Energy Holdings CMSG Altoona Generation Develop-ment Company
LP Company Company Inv. Co. III L.P. Consol.
Balance at January 1, 2001 $26 $ (12) $ 7 $ 2 $(31) $ 310 $(295)
Net Income (Loss) 5 - - 6 17 246 (223)
Less Dividends Paid
Common Stock - - - - - - -
Associated Companies - - - - 15 (41) 155
------ ------ ------ ------ ------ ------ ------
- - - - 15 (41) 155
------ ------ ------ ------ ------ ------ ------
Balance at December 31, 2001 $31 $(12) $ 7 $ 8 $(29) $597 $ (673)
====== ====== ====== ====== ====== ====== ======
(6) Represents CMS Generation Company, CMSG Filer City Operating Company, CMSG Mon Valley Company, CMSG Genesee Company, CMSG
Lyonsdale Company, CMSG Chateaugay Company, Mid-Michigan Recycling LLC, CMSG Montreal Company, CMS Centrales Termicas S.A. and
Taweelah A2 Operating Company consolidated with CMSG Investment Company I included on the equity method of accounting.
CMS GENERATION INVESTMENT COMPANY I
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
CMSG CMSG Loy CMSG Loy
Inv. CO. CMSG CMSG Yang Yang CMSG CMSG
I (8) Pinamu-can Cebu LDC Holdings Holdings Invest. Jegurupadu
LDC 1 Ltd. 2 Ltd. Co. IV I/II LDC
Balance at January 1, 2001 $ (168) $ (5) $ 5 $(215) $(219) $144 $ -
Net Income (Loss) (6) 2 1 - - 64 1
Less Dividends Paid
Common Stock - - - - - - -
Associated Companies - - - - - - -
------ ------ ------ ------ ------ ------ ------
- - - - - - -
------ ------ ------ ------ ------ ------ ------
Balance at December 31, 2001 $ (174) $ (3) $ 6 $ (215) $ (219) $208 $ 1
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GENERATION INVESTMENT COMPANY I
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
(Continued from Previous Page)
CMS Inter-compaCMSG
CMSG Invest. Elimina-tioInvestment
Taweelah Co. VI Monetize Co. I
Ltd. (Takoradi) Limited Consol.
Balance at January 1, 2001 $ 1 $ 10 $ 9 $270 $ (168)
Net Income (Loss) 4 20 4 (96) (6)
Less Dividends Paid
Common Stock - - - - -
Associated Companies - - - - -
------ ------ ------ ------ ------
- - - - -
------ ------ ------ ------ ------
Balance at December 31, 2001 $ 5 $ 30 $ 13 $174 $ (174)
====== ====== ====== ====== ======
(8) Represents CMSG Investment Company I and CMSG Investment Company II consolidated.
..
CMS GAS TRANSMISSION COMPANY
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
CMS Bay CMS CMS
CMS Gas CMS Area CMS Gas Saginaw Jackson Tristate
Transmission Antrim Pipeline Argentina Bay Lat. Pipeline Pipeline
Company (9) Company LLC Company Company Company LLC
Balance at January 1, 2001 $(40) $ - $ (1) $ 42 $ (3) $ - $ -
Net Income (Loss) 34 3 1 11 - 1 (6)
Less Dividends Paid
Common Stock - - - - - - -
Associated Companies 71 - 2 - - 1 -
------ ------ ------ ------ ------ ------ ------
71 - 2 - - 1 -
------ ------ ------ ------ ------ ------ ------
Balance at December 31, 2001 $(77) $ 3 $ (2) $ 53 $ (3) $ - $ (6)
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
CMS GAS TRANSMISSION COMPANY
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
(Continued from Previous Page)
CMS Field Western Panhandle
CMS Services Australia Eastern CMS Gas
Marysville Inc. Gas Trans. Pipe Line Inter-companyTrans.
Gas Liquids Consol. Co. I Co. Consol. CMS Grand Eliminations Company
Company Lacs LLC Consol.
Balance at January 1, 2001 $ (2) $ 36 $ 19 $ (6) $ (5) $(81) $(41)
Net Income (Loss) (6) 8 3 62 1 (77) 35
Less Dividends Paid
Common Stock - - - - - - -
Associated Companies 4 - - 61 3 (71) 71
------ ------ ------ ------ ------ ------ ------
4 - - 61 3 (71) 71
------ ------ ------ ------ ------ ------ ------
Balance at December 31, 2001 $ (12) $ 44 $ 22 $ (5) $ (7) $(87) $(77)
====== ====== ====== ====== ====== ====== ======
(9) Represents CMS Gas Transmission Company consolidated with CMS Field Services, Inc. and Panhandle Eastern Pipe Line Company
included on the equity method of accounting.
PANHANDLE EASTERN PIPE LINE COMPANY
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
Panhandle Trunkline CMS Trunkline Pan Gas Inter-companPanhandle
Eastern Pipe Gas Company Field Svcs. Storage Elimina-tionEastern
Line Co. LNG Company Company Pipe Line
Consol. (10) Co. Cons.
Balance at January 1, 2001 $ (8) $(12) $ (32) $ (25) $71 $ (6)
Net Income (Loss) 62 14 35 18 (67) 62
Less Dividends Paid
Common Stock - - - - - -
Associated Companies 61 - 3 - (3) 61
------ ------ ------ ------ ------ ------
61 - 3 - (3) 61
------ ------ ------ ------ ------ ------
Balance at December 31, 2001 $ (7) $ 2 $ - $ (7) $ 7 $ (5)
====== ====== ====== ====== ====== ======
(10) Represents Panhandle Eastern Pipe Line Company, Sea Robin Pipeline Company, CMS Panhandle Eastern Resources, Inc., CMS
Panhandle Storage Company, Guardian Pipeline LLC and CMS Trunkline Pipeline Holdings, Inc. consolidated.
CMS FIELD SERVICES,INC.
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
CMS
CMS Laverne CMS Nat. Cherokee CMS/Taurus
CMS Field CMS Gas Gas Proc. Gas Gas Holdings
Services, Processing LLC Gathering Process-ing CMS Gulf Company,
Inc. (11) LLC LLC LLC Coast LLC Inc.
Balance at January 1, 2001 $ 16 $ (2) $ 1 $ (3) $ 17 $ - $ 5
Net Income (Loss) (2) (4) - (2) 3 7 2
Less Dividends Paid
Common Stock - - - - - - -
Associated Companies - - - - - - -
------ ------ ------ ------ ------ ------ ------
- - - - - - -
------ ------ ------ ------ ------ ------ ------
Balance at December 31, 2001 $ 14 $ (6) $ 1 $ (5) $ 20 $ 7 $ 7
====== ====== ====== ====== ====== ====== ======
(Continued on following Page)
CMS FIELD SERVICES,INC.
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
(Continued from Previous Page)
CMS/Okla Inter-companCMS Field
Nat. Gas Bighorn Gas Elimina-tionServices,
Gathering CMS Pipeline Bradshaw Gathering Inc.
LLC Company LLC Energy LLC LLC Consol.
Balance at January 1, 2001 $ 1 $ - $ - $ - $ 1 $ 36
Net Income (Loss) - 1 2 2 (1) 8
Less Dividends Paid
Common Stock - - - - - -
Associated Companies - - - - - -
------ ------ ------ ------ ------ ------
- - - - - -
------ ------ ------ ------ ------ ------
Balance at December 31, 2001 $ 1 $ 1 $ 2 $ 2 $ - $ 44
====== ====== ====== ====== ====== ======
(11) Represents CMS Field Services, Inc. and CMS Hydrocarbons, LLC consolidated.
CMS CENTRALES TERMICAS S.A.
Consolidating Statement of Retained Earnings
December 31, 2001
(In Millions)
Centrales Inter-companyCMS
CMS Termicas CMS Eliminations Operating
Operating Mendoza S.A. Ensenada S.A. Consol.
S.A. (12) S.A.
Balance at January 1, 2001 $ 12 $ 18 $ - $ (18) $ 12
Net Income (Loss) (1) - 3 (3) (1)
Less Dividends Paid
Common Stock - - - - -
Associated Companies - - - - -
------ ------ ------ ------ ------
- - - - -
------ ------ ------ ------ ------
Balance at December 31, 2001 $ 11 $ 18 $ 3 $(21) $ 11
====== ====== ====== ====== ======
(12) Represents CMS Operating S.A. and Cuyana S.A. de Inversiones consolidated.
EXHIBIT B
Organizational charts showing the relationship of each Exempt Wholesale Generators to associate companies in the holding
company system.
CMS CENTRALES TERMICAS MENDOZA, S.A.
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
66%
CMS International Ventures, L.L.C.
*
*
*
*
Cuyana S.A. De Inversiones
*
92.6
*
CMS Centrales Termicas Mendoza, S.A.
CENTRALES TERMICAS SAN NICOLAS, S.A.
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
* 0.1%
CMS Generation San Nicolas Company
*
*
* 0.1%
Inversora de San Nicolas, S.A.
*
*
* 88%
Centrales Termicas San Nicolas, S.A.
CMS DISTRIBUTED POWER, L.L.C.
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Distributed Power, L.L.C.
CMS ENSENADA S.A.
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
99%
CMS Ensenada S.A.
CMS GENERATION CEBU LIMITED DURATION COMPANY
(EWG)
and
CMS GENERATION CEBU OPERATING LIMITED DURATION COMPANY
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
**CMS Generation Co.
* *
*
*
*
*
CMS Generation CMS Generation
Investment Co. I Investment Co. II
* 99% *99% * 1% * 1%
* * * *
* * * * *
* * * *
* * * *
CMS Generation Cebu Limited CMS Generation Cebu
Duration Company * Operating Limited
* * Duration Company
*
*
* |
* | Operator
* 40% * 47.5% |
Toledo Holdings Corp. Toledo Power Company *
CMS GENERATION MICHIGAN POWER LLC
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
*
CMS Generation Michigan Power LLC
CMS GENERATION OPERATING COMPANY
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
*
CMS Generation Operating Company
CMS MOROCCO OPERATING COMPANY SCA
(EWG)
and
CMS INTERNATIONAL OPERATING COMPANY
(EWG)
CMS Energy Corporation
*
*
CMS Enterprises Company
*
*
CMS Generation Co.
*
*
*
*
*
*
* * CMS International Operating Company CMS Generation Investment Company I
* * * *
* * *
* *
*
* * * 50% 50% *
*
* * CMS Generation Jorf Lasfar III *
* * Limited Duration Company *
* * * *
* *
*
*
*
*
* * *
*
* * 99% * 1% *
* Jorf Lasfar Operations *
Handelesbolag
* *
* *
*
*
* * *
* 0.1% 99.7% * 0.1%
* * 0.1%
* * * * * * * * * * * * * CMS Morocco Operating Company SCA* * * * *
DEARBORN GENERATION OPERATING L.L.C.
(EWG)
and
DEARBORN INDUSTRIAL GENERATION, L.L.C.
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
******CMS Generation Co.******
* *
* *
* *
Dearborn Generation Dearborn Industrial
Operating L.L.C. Energy, L.L.C.
*
*
Dearborn Industrial
Generation, L.L.C.
EXETER ENERGY LIMITED PARTNERSHIP
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Company
* * *
* * *
* * *
Oxford/CMS Exeter *
Development LP Management *
48% 2% 50%
* * *
* * *
* * *
Exeter Energy Limited Partnership
GMR VASAVI POWER CORPORATION PRIVATE LIMITED
(EWG)
CMS Energy Corporation
*
*
*
*
CMS Enterprises Company
*
*
*
*
CMS International Ventures, L.L.C. (66.67%)
*
*
*
*
CMS Energy Mauritius Limited
*
49%*
*
GMR Vasavi Power Corporation Private Limited
GVK INDUSTRIES LIMITED
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
*
CMS Generation Investment Company III
*
*
*
Jegurupadu CMS Generation Company Ltd.
*
23.75%
*
GVK Industries Ltd.
HIDROELECTRICA EL CHOCON, S.A.
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
* CMS Generation Co. *
* *
* *
* *
* CMS Generation
Holdings
* *
* 99.9% * 0.1%
* *
CMS Generation, S.A.
* *
* *
* * 25%
* Hidroinvest, S.A.
* *
* *
* 2.48% * 59%
Hidroelectrica El Chocon, S.A.
JAMAICA PRIVATE POWER COMPANY LIMITED
(EWG)
and
PRIVATE POWER OPERATORS LIMITED
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
*
HYDRA-CO ENTERPRISES, INC.
* *
* *
* *
CMS Generation Operating Company II, Inc. HCE-Rockfort
Diesel,
Inc.
* *
* * 41.18%
* *
HCO-Jamaica, Inc. Jamaica Private Power
* Company Limited
* 50%
*
Private Power Operators Limited
(Operator)
JEGURUPADU OPERATING AND MAINTENANCE COMPANY
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
*
CMS Generation Investment Co I
\
/
/
/
/
\
CMS Investment Co IV
\
/ \
CMS Generation Investment Co. I CMS Generation Investment Co. II
* 99% 99% * * 1% * 1%
* * * *
* * * *
* * * *
CMS Generation Jegurupadu I CMS Generation Jegurupadu II
Limited Duration Company Limited Duration Company
* *
50% * * 50%
Jegurupadu O&M Company Mauritius
*
* 60%
*
Jegurupadu Operating and Maintenance Company
JORF LASFAR ENERGY COMPANY SCA
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co. * * * * * * * * * * * * * * * * * *
* * *
* * CMS International
* * Operating Company-----
* * |
CMS Generation Investment Company I CMS Generation Investment Company II |
* 99% * 99% * 1% * 1% |
*
*
*
*
* * * |
* * |
* |
* * * |
CMS Generation Jorf Lasfar I Limited CMS Generation Jorf Lasfar II Limited
Duration Company * * * Duration Company |
* 50% * * |
*
* 50%
* * * |
* *
* * *50% * * *50% * |
* * * |
* *
* * 50% * 50% * * |
*
Jorf Lasfar Handelsbolag Jorf Lasfar I HB Jorf Lasfar Power Energy HB |
*2% * 25% * 23% |
* * * Operator |
* * * |
* * * * * * Jorf Lasfar Energy Company SCA----------------------------- |
NATIONAL POWER SUPPLY CO. LTD.
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
*
CMS Generation Investment Co. I
*
*
* 66.24%
National Power Supply Co. Ltd.
PANHANDLE LAKE CHARLES GENERATION, INC.
(EWG)
CMS Energy Corporation
*
*
CMS Enterprises Company
*
*
CMS Gas Transmission Company
*
*
Panhandle Eastern Pipe Line Company
*
*
CMS Panhandle Holding LLC
*
*
PanEnergy Lake Charles Generation, Inc.
TAKORADI INTERNATIONAL COMPANY
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
*******CMS Generation Co.* * * **
* *
* *
* *
CMS International CMS Generation
Operating Company Investment Co. IV
|
*
|
*
|
*
| CMS Takoradi Investment Company
|
*
| Operator
*
|
*
| CMS Takoradi Investment
| Company II
|
*
| * 90%
|
*
Takoradi International Company
Organizational charts showing the relationship of foreign utility company ("FUCO") to associate companies in the holding company
system.
CMS GENERATION HORIZON ENERGY HOLDINGS LIMITED
(FUCO)
and
HORIZON ENERGY HOLDINGS LIMITED
(FUCO)
CMS Energy Corporation
*
*
CMS Enterprises Company
*
*
CMS Generation Co.
*
*
CMS Generation Investment Co. I
* *
* *
* *
CMS Generation Loy Yang CMS Generation Loy Yang
Holdings 1 Ltd. Holdings 2 Ltd.
* *
* *
* *
Horizon Energy Holdings Ltd. CMS Generation Horizon
* * * Energy Holdings Ltd.
* * * * * *
* * * 24.63% * 25% * *
* * Loy Yang Power Partners (1) * *
* * * *
* * 24.63% * 25% *
* *** Loy Yang Power Projects Pty. Ltd.*** *
* *
* 24.63% * 25%
*********Loy Yang Power Management Pty. Ltd. **************
CMS OPERATING S.A.
(FUCO)
CMS ENERGY CORPORATION
*
*
*
CMS ENTERPRISES COMPANY *
* *
* *
* *
* CMS Generation Co.
66.67%.
* 33.33%
* *
* *
* *
CMS International Ventures, LLC
*
*
*
CMS Operating S.A.
COMPANHIA PAULISTA DE ENERGIA ELECTRICA S.A. (CPEE)
(FUCO)
and
COMPANHIA SUL PAULISTA DE ENERGIA S.A. (CPEE)
(FUCO)
and
COPMANHIA JAGUARI DE ENERGIA S.A. (Jaguari)
(FUCO)
and
COMPANHIA LUZ E FORCA DE MOCOCA S.A. (Mococa)
(FUCO)
CMS Energy Corporation
*
*
CMS Enterprises Company
*
*
CMS Electric and Gas Company
*
*
99.99%
*
*
CMS Distribuidora, Ltda.
*
* 99.99%
CMS Participacoes Ltda.
*
* 93.86%
CPEE
*
* 88.63%
CSPE
*
*
Jaguari
*
*
***Mococa***
EMIRATES CMS POWER COMPANY
(FUCO)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Investment Company I
*
*
*
CMS Generation Investment Company VII
*
*
*
CMS Generation Taweelah Limited
*
*
* 40%
Emirates CMS Power Company
LOY YANG POWER PARTNERS
(FUCO)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Company
* *
* *
* *
CMS Generation CMS Generation
Investment Loy Yang Holding 2
Company I Ltd.
* *
* *
Horizon Energy *
Holdings Ltd *
* *
* *
Loy Yang Power Partners Loy Yang Power Partners
24.63% 25%
SISTEMA ELECTRICO NUEVA ESPARTA C.A.
(FUCO)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Electric and Gas Company
* *
* *
* CMS Venezuela
* *
*
* *
ENELMAR, S.A 52.37%
* *
* 33.34% *
* *
SENECA------------------------|
TAWEELAH A2 OPERATING COMPANY
(FUCO)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Company
*
*
*
Taweelah A2 Operating Company