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FORM 8-K
CURRENT REPORT
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) November 14, 1996
Commission Registrant; State of Incorporation; IRS Employer
File Number Address; and Telephone Number Identification No
___________ ____________________________ ___________________
1-9513 CMS ENERGY CORPORATION 38-2726431
(A Michigan Corporation)
Fairlane Plaza South, Suite 1100
330 Town Center Drive
Dearborn, Michigan 48126
(313) 436-9261
1-5611 CONSUMERS POWER COMPANY 38-0442310
(A Michigan Corporation)
212 West Michigan Avenue
Jackson, Michigan 49201
(517) 788-1030
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ITEM 5. OTHER EVENTS
PROPOSED SETTLEMENT AGREEMENT
On November 15, 1996, CMS Energy announced that its principal subsidiary,
Consumers Power Company, received a final rate order on November 14, 1996
from the Michigan Public Service Commission (MPSC) in connection with a
proposed settlement agreement between Consumers Power Company and the
MPSCstaff related to three cases -- a general rate case, a depreciation case
and a competitive tariff case. A copy of the press release is included as
an Exhibit to this Current Report on Form 8-K and is incorporated herein
by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(99) Press Release of CMS Energy Corporation, dated November 15, 1996.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrants have duly caused this report to be signed on their behalf by
the undersigned hereunto duly authorized.
CMS ENERGY CORPORATION
Dated: November 15, 1996 By: /s/ Alan M. Wright
_____________________________
Alan M. Wright
Senior Vice President, Chief
Financial Officer and Treasurer
CONSUMERS POWER COMPANY
Dated: November 15, 1996 By: /s/ Alan M. Wright
________________________________
Alan M. Wright
Senior Vice President, Chief
Financial Officer and Treasurer
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EXHIBIT INDEX
Exhibit
Number
_______
99 Press Release of CMS Energy Corporation, dated November 15, 1996
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EXHIBIT 99
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EXHIBIT 99
CMS ENERGY NEWS
Contact:
Kelly M. Farr
(313) 436-9253
DEARBORN, Mich., November 15, 1996--CMS Energy Corporation
(NYSE:CMS) today announced that its principal subsidiary, Consumers
Power Company, received a final rate order from the Michigan Public
Service Commission (MPSC) in connection with a settlement the
Company and the MPSC Staff had previously filed, related to three
cases--a general rate case, a depreciation case and a competitive tariff
case.
The MPSC's order adopts most parts of the proposed settlement, but
includes several modifications. The key features of the MPSC's order are:
1. Adoption, as filed, of the recovery in customer rates of the final 325
megawatts of power purchased by the Company from the Midland
Cogeneration Venture Limited Partnership.
2. Reaffirmation of the $46.5 million increase in electric rates provided in
a February 1996 MPSC partial order rather than the $49.7 million filed in
the settlement.
3. Adoption of the settlement proposal's removal of rate skewing (the
subsidization of residential rates by industrial and large commercial
customers) in two steps. The first step occurred in February 1996 when the
partial order was issued and the second step will be implemented December 1,
1996.
4. Partial acceptance of the proposed settlement's change in depreciation
for certain utility assets which will have the effect of reducing future
transition costs.
5. Expansion of the proposed limited direct access program from 100 mega-
watts to 240 megawatts which amounts to about 5% of the Company's
commercial and industrial load and 3% of its total load.
6. Acknowledgement by the MPSC that utility customers should be
"responsible for their fair share of costs incurred by changing their
status from full-service customers to either retail, wheeling or direct
access customers."
CMS Energy Corporation is a $4 billion (sales), $8 billion (asset)
international energy company with businesses engaged in electric and natural
gas utility operations; independent power production; natural gas pipeline and
storage; gas and electric marketing; and oil and gas exploration and
production. CMS Energy Corporation's principal subsidiary is Consumers Power
Company, Michigan's largest utility and the nation's fourth largest gas and
electric utility.
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Information on CMS Energy is accessible on the Internet through the World Wide
Web at the following address: http://www.cmsenergy.com/
