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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) June 11, 1997
Commission Registrant; State of IRS Employer
File Number Incorporation; Address; Identification No
and Telephone Number
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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 ENERGY COMPANY 38-0442310
(A Michigan Corporation)
212 West Michigan Avenue
Jackson, Michigan 49201
(517) 788-1030
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ITEM 5. OTHER EVENTS.
Electric Rate Case Proceedings
On June 11, 1997, Consumers Energy Company ("Consumers"), the principal
subsidiary of CMS Energy Corporation, issued a press release stating that
one of Consumers' two nuclear power plants, Big Rock Point, will
permanently cease operations on August 30, 1997. A copy of the press
release is included as an Exhibit to this Current Report on Form 8K and is
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(99) Press Release of Consumers Energy Company dated June 11, 1997.<PAGE>
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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: June 11, 1997 By: /s/ A. M. Wright
---------------------------------
Alan M. Wright
Senior Vice President, Chief
Financial Officer and Treasurer
CONSUMERS ENERGY COMPANY
Dated: June 11, 1997 By: /s/ A. M. Wright
---------------------------------
Alan M. Wright
Senior Vice President
and Chief Financial Officer
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EXHIBIT INDEX
Exhibit
Number
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99 Press Release of Consumers Energy Company dated June 11, 1997.
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EXHIBIT 99
Consumers Energy News
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A CMS Energy Company 212 West Michigan Avenue Tel: 5177880333
Jackson, MI Fax:5177882397
CHARLEVOIX, Mich., June 11, 1997 -- Consumers Energy's Big Rock
Point nuclear plant -- the nation's longest running and oldest operating
nuclear plant -- will permanently cease operations on August 30, 1997.
The plant closure will have no impact on Consumers Energy's
electric rates or service reliability in northern Michigan.
The shutdown will bring to an end 35 years of electric generation
at the plant located four miles northeast of Charlevoix. Big Rock Point
began operation in September 1962. It was the first commercial nuclear
power plant constructed in Michigan and the fifth in the United States.
"Big Rock Point's relatively small generating capacity of 67
megawatts is likely to make it too expensive in an increasingly
competitive environment," said Michael G. Morris, Consumers Energy
president and chief executive officer. "With only 36 months left on its
operating license, improvements to the plant that would be needed to meet
future regulatory requirements would be too expensive to be economical."
"Big Rock Point and its employees have been pioneers in the safe
use of the atom. Their work has benefited our customers, our neighbors,
the medical community, the nuclear industry and our company," said Morris.
"I am most proud of the outstanding safety record and environmental
awareness of the employees at Big Rock Point."
The process to decommission the plant will begin in September. A
decommissioning fund with a current balance of $170 million, together
with future funds to be collected and future fund earnings, is expected to
be adequate for plant decommissioning expenses. Many plant employees will
remain to oversee the decommissioning process. Others will be offered
positions elsewhere within the utility. No significant changes in plant
staffing are anticipated until 1998.
Big Rock Point has a long history of noteworthy accomplishments:
* Conceived in the late 1950s as part of the Power Reactor
Demonstration Program of the Atomic Energy Commission (AEC), the
plant was the world's first high power density boiling water
reactor. The AEC's research program at Big Rock Point led to the
development of more efficient nuclear fuels for the commercial
nuclear power industry.
* The plant's reactor was employed for 11 years to produce
radioactive cobalt 60 for medicine and industry.
* In 1977, Big Rock Point set a world record for continuous operation
by remaining in service for 343 days.
* In 1986, the plant's 95.5 percent availability to generate
electricity was the best of any General Electric Company-designed
plant in the world that year.
* The American Nuclear Society named Big Rock Point a Nuclear
Historic Landmark in 1991 for its contributions to the nuclear and
medical industries.
* Big Rock Point became the longest-running nuclear plant in the
United States in 1993 by surpassing the previous record of 30 years
and 92 days set by the Yankee nuclear plant located in Rowe,
Massachusetts. It became the oldest operating nuclear plant in the
U.S. when the Yankee plant ceased operation in 1991.
* Employees have been honored numerous times for their safety
performance throughout the history of the plant. Big Rock Point
employees have worked more than 19 years without missing a day of
work due to injury.
Owned and operated by Consumers Energy, Big Rock Point is capable
of producing 67 megawatts of electricity, enough to serve a community of
38,000 people.
Consumers Energy, the principal subsidiary of CMS Energy
Corporation, is Michigan's largest utility providing natural gas and
electricity to more than six million of the state's nine and one-half
million residents in all 68 Lower Peninsula counties.
# # #
June 11, 1997
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