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Previous: HARTFORD INDEX FUND INC, 24F-2NT, 1996-02-29 |
Next: CENTENNIAL AMERICA FUND L P, NSAR-B, 1996-02-29 |
<PAGE>
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 29, 1996
<PAGE>
<PAGE> 2
1. Name, State of organization, location and
nature of business of claimant and every
subsidiary thereof, other than any exempt
wholesale generator (EWG) or foreign
utility company in which claimant
directly or indirectly holds an interest.
_________________________________________________________
(a) CMS Energy Corporation ("CMS Energy") was duly
incorporated under the laws of the State of Michigan in 1987. CMS Energy
is a $3.9 billion (sales) energy company with subsidiaries engaged in
electric utility operations, gas utility operations, oil and gas explor-
ation and production, the development and operation of independent power
production facilities and the transportation, storage and marketing of
natural gas.
CMS Energy has three direct subsidiaries. The
name, state of organization and nature of business of CMS Energy's direct
subsidiaries are described below.
CMS Enterprises Company
A Michigan corporation which owns subsidiaries
engaged in the development, acquisition and
management of energy-related businesses and
projects worldwide.
CMS Energy Finance Corporation
A Michigan corporation originally formed to be a
limited partner in a limited partnership that was
to purchase indebtedness issued by CMS Energy
Corporation.
Consumers Power Company
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. Consumers renders electric service to
approximately 1.5 million customers in 62 of the
68 counties in the Lower Peninsula and gas
service to approximately 1.4 million customers in
45 of the 68 counties in the Lower Peninsula.
(b) CMS Enterprises Company has eleven (11) direct
subsidiaries. The name, state of organization and nature of business of
each subsidiary are described below:
CMS Capital Corp.
A Michigan corporation formed to assist in
securing financing for non-utility projects.
CMS Generation Co.
A Michigan corporation engaged in the development
of and investment in cogeneration and other
independent power generation projects both
domestic and foreign and has thirty-three (33)
subsidiaries:
CMS Centrales Termica S.A. (99%)
An Argentine company formed to own an
aggregate of 412 megawatts of natural
gas/fuel oil-fired electric power plants
near Mendoza, Argentina.
CMS Ensenada S.A. (99%)
An Argentine company formed to hold an
interest in EDEVA, which has an interest
in UTE. UTE proposes to construct a
120 MW "inside-the-fence-gas-fired"
cogeneration power facility.
CMS Generation Altoona Company
A Michigan corporation involved as a
General Partner in the Altoona
Cogeneration Partners Limited Partnership
which was formed to develop, construct,
own, operate and maintain a bituminous
coal, bituminous coal waste or other
solid fuel-burning facility.
CMS Generation Chateaugay Company
A Michigan corporation involved as a
General Partner in KES Chateaugay, L.P.,
a limited partnership which is involved
in the ownership and operation of a 17
megawatt (net) wood-fired power plant
near Chateaugay, New York.
CMS Generation Filer City, Inc.
A Michigan corporation involved as a
General Partner in the T.E.S. Filer City
Station Limited Partnership, a limited
partnership which is the owner of the 54
megawatt (net) wood chip and coal-fired
electric generating station in Filer
City, Michigan.
CMS Generation Filer City Operating Company
A Michigan corporation formed to operate
a coal and wood waste-fueled power plant
near Filer City, Michigan owned by the
T.E.S. Filer City Station Limited
Partnership.
CMS Generation Genesee Company
A Michigan corporation involved as a
General Partner in the Genesee Power
Station Limited Partnership which owns
and operates a 35 megawatt (net) waste
wood-fired electric generating facility
located in Genesee County, Michigan.
CMS Generation GP Company
A Michigan corporation involved as a
General Partner in the development of
various cogeneration projects.
CMS Generation Grayling Company
A Michigan corporation involved as a
General Partner in Grayling Generating
Station Limited Partnership to develop,
construct and operate a 34 megawatt (net)
waste-wood fueled power plant in
Grayling, Michigan. Grayling Generating
Station Limited Partnership owns GGS
Holdings Company, a Michigan corporation,
which is 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 the project.
CMS Generation Grayling Holdings Company
A Michigan corporation involved as a
Limited Partner in Grayling Generating
Station Limited Partnership.
CMS Generation Holdings Company
A Michigan corporation involved as a
Limited Partner in various partnerships.
CMS Generation Honey Lake Company
A Michigan corporation with a General
Partnership interest and a Limited
Partnership interest in HL Power Company,
a California limited partnership which
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.
CMS Generation Investment Company I
A Cayman Islands company involved as a
holding company for CMS Generation
overseas investments and has ten direct
subsidiaries that engage in the
construction, ownership or operation of
various power projects in the
Philippines, India and Morocco:
- CMS Generation Cebu Limited
Duration Company, a Cayman
Islands company (99%)
- CMS Generation Cebu Operating
Limited Duration Company, a
Cayman Islands company (99%)
- CMS Generation Jegurupadu I
Limited Duration Company, a
Cayman Islands company (99%), has
one subsidiary,
- Jegurupadu O&M Company
Mauritius, a Mauritius
company (50%)
- CMS Generation Jegurupadu II
Limited Duration Company, a
Cayman Islands company (99%)
- CMS Generation Jorf Lasfar I
Limited Duration Company, a
Cayman Islands company (99%)
- CMS Generation Jorf Lasfar II
Limited Duration Company, a
Cayman Islands company (99%)
- CMS Generation Pinamucan Limited
Duration Company, a Cayman
Islands company (99%)
- CMS Generation Pinamucan
Operating Limited Duration
Company, a Cayman Islands company
(99%)
- CMS Operation & Maintenance
Company, Mauritius, a Mauritius
company (99%)
- ST-CMS Electric Company
Mauritius, a Mauritius company
(99%), has one subsidiary,
- ST-CMS Electric Company,
an India company (99%).
CMS Generation Investment Company II
A Cayman Islands company engaged as a
holding company for 1% ownership
interests in the companies described
above as direct subsidiaries of
CMS Generation Investment Company I.
CMS Generation Investment Company III
A Cayman Islands company engaged to
facilitate the construction, ownership
and operation of the GVK Industries
Project in Jegurupadu, Andhra Pratesh,
India of a natural gas/liquid fuel
combined cycle plant 235 MW ("GVK") and
has one subsidiary with an ownership
interest in GVK.
- Jegurupadu CMS Generation Company
Ltd., a Mauritius company
CMS Generation Lyonsdale Company
A Michigan corporation involved as a
General Partner in the Lyonsdale Energy
Limited Partnership which owns and
operates a 19 megawatt (net) waste wood-
fired electric generating facility in
Lyonsdale, New York.
CMS Generation Mon Valley Company
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.
CMS Generation Montreal Company
A Michigan corporation involved as a
General Partner in Secure Wood Chips LP,
a Canadian limited partnership, to own
and operate a waste wood recovery
facility in the greater Montreal, Quebec,
Canada area.
CMS Generation Operating Company
A Michigan corporation involved in the
operation of various power plants
including Genesee, Grayling, Modesto and
Exeter.
CMS Generation Recycling Company
A Michigan corporation involved as a
member of Mid-Michigan Recycling, LC, a
Michigan limited liability company,
formed to supply waste wood fuel for the
Genesee Power Station Limited
Partnership.
CMS Generation S.A. (99%)
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.
CMS Operating, S.A. (99%)
An Argentine company formed to acquire,
own and operate plants in Argentina and
has one subsidiary with an ownership
interest in the plants:
- Cuyana S.A. de Inversiones, an
Argentine company (99%).
CMS Resource Development Company
A Michigan corporation that employs ex-
patriot U.S. citizens working on various
CMS Generation Co. overseas projects.
Exeter Management Company
A Connecticut corporation involved as a
General Partner in the Exeter Energy
Limited Partnership which owns and
operates a 26 megawatt (net) tire-burning
facility in Sterling, Connecticut.
HYDRA-CO Enterprises, Inc.
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 Enterprises, Inc.
directly owns twelve (12) domestic
corporations that are involved in the
development, ownership, management or
operation of independent power projects
located in 7 states and in Jamaica:
- CMS Generation Operating Company
II, Inc., a New York corporation,
has one subsidiary:
- HCE-Jamaica, Inc., a New
York corporation,
- HCE Appomattox, Inc., a New York
corporation,
- HCE Biopower, Inc., a New York
corporation,
- HCE Hazelton, Inc., a New York
corporation,
- HCE Hudson, Inc., a New York
corporation,
- HCE Imperial Valley, Inc., a New
York corporation,
- HCE Jamaica Development, Inc., a
New York corporation,
- HCE Lakewood, Inc., a New York
corporation,
- HCE Rockfort Diesel, Inc., a New
York corporation,
- HYDRA-CO Generation Inc., a New
York corporation,
- Lakewood Project Management,
Inc., a New York corporation,
- New Bern Energy Recovery, Inc., a
Delaware corporation.
McCook Cogeneration Station, L.L.C. (50% member)
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.
McCook Waste Wood Recovery Facility, L.L.C. (50%
member)
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, L.L.C.
Metro East, L.L.C. (50% member)
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
the City of Madison, Illinois.
New Castle Power, L.L.C. (50% member)
A Michigan limited liability company
formed to develop and own a 100 megawatt
(net) petroleum coke fueled electric
generating facility located at the Port
of Wilmington in New Castle County,
Delaware.
Oxford Tire Recycling, Inc.
A Delaware corporation engaged in tire
shredding, tire collection, tire disposal
and related business activities.
Oxford Tire Recycling of Massachusetts, Inc.
A Delaware corporation engaged in waste
tire collection, shredding and storage,
the sale of used and shredded tires, and
related business activities.
Oxford Tire Supply, Inc.
A Delaware corporation engaged in
trucking and hauling used scrap tires and
sorting and grading tires for resale.
Texas City Generation, L.L.C. (80% member)
A Michigan limited liability company
formed to develop and own a 400 megawatt
(net) petroleum coke fueled electric
generating facility located in Texas
City, Texas.
CMS Land Company
A Michigan corporation formed to act as a
repository for any unused real property formerly
owned by Consumers Power and hold the same for
possible non-utility development and has one
subsidiary:
Bay Harbor Company, L.L.C., a Michigan
limited liability company which is the
owner and developer of Bay Harbor, a real
estate development. (50%)
CMS Utility Services, Inc.
A Michigan corporation engaged in providing
utility-related products and credit management
services. CMS Utility Services, Inc. has one
subsidiary:
CMS A/R Services, Inc., a Michigan
corporation engaged in utility debt
collections and accounts receivable
management services.
KJL Limited, Inc.
A Delaware corporation that was formed to hold
the equity ownership of aircraft formerly leased
by Consumers.
CMS NOMECO Oil & Gas Co.
A Michigan corporation engaged in the
exploration, development, acquisition and
production of oil and natural gas in the U.S. and
seven (7) other countries through partnership
interests and ownership of domestic corporations
and foreign companies. CMS NOMECO Oil & Gas Co.
directly owns sixteen (16) subsidiaries that are
either domestic corporations or foreign
companies:
CMS NOMECO China Oil Company
A Michigan corporation formed to pursue
oil and natural gas exploration and
production opportunities in China.
CMS NOMECO Colombia Oil Company
A Michigan corporation engaged in the
exploration and production of oil and
natural gas in Colombia.
CMS NOMECO Equatorial Guinea Oil & Gas Co.
A Michigan corporation engaged in the
exploration and production of oil and
natural gas in Equatorial Guinea.
CMS NOMECO Holdings Ltd.
A Cayman Islands company engaged as a
holding company for 1% ownership
interests in the Cayman Island limited
duration companies described below as
subsidiaries of CMS NOMECO International,
Ltd.
CMS NOMECO International, Ltd.
A Cayman Islands company engaged as a
holding company for six (6) subsidiaries
that are Cayman Island limited duration
companies that principally engage in the
exploration and production of oil and
natural gas in South America and West
Africa:
- CMS NOMECO Alba LDC (99%)
- CMS NOMECO Argentina LDC (99%)
- CMS NOMECO E.G. LDC (99%)
- CMS NOMECO Ecuador LDC (99%)
- CMS NOMECO International Services, LDC
(99%)
- CMS NOMECO Venezuela LDC (99%)
CMS NOMECO International, Inc.
A Texas corporation engaged as a holding
company for five (5) subsidiaries that
engage in the exploration and production
of oil and natural gas in Africa and the
Middle East:
- CMS NOMECO International
Equatorial Guinea, Inc., a Texas
corporation
- CMS NOMECO International
Venezuela, Inc., a Texas
corporation
- Walter Congo Holdings, Inc., a
Texas corporation, has one
subsidiary,
- Walter International
Congo, Inc., a Delaware
corporation
- Walter International
Transportation, Inc., a Texas
corporation
- Walter International Tunisia,
Inc., a Texas corporation
CMS NOMECO Peru Company
A Michigan corporation formed to pursue
oil and natural gas exploration and
production opportunities in Peru.
CMS NOMECO Pipeline Company
A Michigan corporation formed to hold
ownership interests in various natural
gas pipelines located in Michigan.
CMS NOMECO Services Company
A Michigan corporation formed for the
purpose of pursuing oil marketing
opportunities.
Comeco Petroleum Holdings, Inc. (50%)
A Delaware corporation engaged in the
exploration and production of oil and
natural gas in Yemen.
Explotaciones CMS NOMECO, Inc.
A Delaware corporation engaged in the
exploration and production of oil and
natural gas in Colombia.
NOMECO Australia Pty. Limited
An Australian company formed to pursue
oil and natural gas exploration,
production and refining opportunities in
Australia.
NOMECO Ecuador Oil Company
A Michigan corporation engaged in the
exploration and production of oil and
natural gas in Ecuador.
NOMECO Exploration (Thailand) Limited
A Thailand company formed to pursue oil
and natural gas exploration and
production opportunities in Thailand.
NOMECO Thailand Oil Company
A Michigan corporation formed to pursue
oil and natural gas exploration and
production opportunities in Thailand.
Terra Energy, Ltd.
A Michigan corporation engaged in the
exploration and production of natural gas
in Michigan. Terra Energy Ltd. has five
subsidiaries:
- Energy Acquisition Operating
Corporation, a Michigan
corporation formed to provide
natural gas transportation
services
- Kristen Corporation, a Michigan
corporation formed to provide
natural gas marketing and
transportation services
- Terra Pipeline Company, a
Michigan corporation engaged in
the collection and distribution
of certain revenues related to
the production of oil and gas
- Thunder Bay Pipeline Company,
L.L.C. (50% member), a Michigan
limited liability company formed
to construct, own and operate the
Thunder Bay Pipeline located in
Michigan
- Wellcorps L.L.C. (55% member), a
Michigan limited liability
company engaged in providing
workover rig services to oil and
gas producers with operations in
Michigan
CMS Comercializadora de Energia S.A. (70%)
An Argentine company engaged in gas and electric
marketing operations in Argentina.
CMS Electric Marketing Company
A Michigan corporation formed for the purpose of
brokering or marketing electric power and
generating capacity to utilities, municipalities,
commercial and industrial end-users throughout
the United States.
CMS Gas Marketing Company
A Michigan corporation engaged in the marketing
of gas to eligible customers throughout 18 states
of the United States. CMS Gas Marketing Company
does not own or operate any gas facilities.
CMS Gas Transmission and Storage Company
A Michigan corporation organized to engage in the
transmission, storage and processing of natural
gas. CMS Gas Transmission and Storage Company
has eight (8) subsidiaries:
CMS Antrim Gas Company
A Michigan corporation involved as a
General Partner in the Antrim Limited
Partnership, a Michigan limited
partnership, which was formed to design,
construct and operate the Central Carbon
Dioxide Removal Plant in Otsego County,
Michigan.
CMS Gas Argentina Company
An Argentine company with an equity
interest in Transportado de Gas del Norte
S.A., an Argentine corporation, which
provides natural gas transmission
services to the northern and central
parts of Argentina.
CMS Grands Lacs Holding Company
A Michigan corporation involved as a
General Partner in the Grands Lacs
Limited Partnership, a Michigan limited
partnership.
CMS Gulf Coast Storage Company
A Michigan corporation involved as a
General Partner in the Moss Bluff Gas
Storage Systems General Partnership, a
Texas general partnership.
CMS Jackson Pipeline Company
A Michigan corporation involved as a
General Partner in Jackson Pipeline
Company, a Michigan general partnership.
CMS Saginaw Bay Company
A Michigan corporation involved as a
Limited Partner in the Saginaw Bay Area
Limited Partnership, a Michigan limited
partnership.
CMS Saginaw Bay Lateral Company
A Michigan corporation involved as a
Limited Partner in the Saginaw Bay
Lateral Limited Partnership, a Michigan
limited partnership.
CMS Specialty Gas Processors Company
A Michigan corporation involved as a
General Partner in Specialty Gas
Processors Limited Partnership, a
Michigan limited partnership.
Monarch Management Company
A Michigan corporation which houses several
investments whose principal business is the
provision of services to energy and other
regulated entities. Monarch Management Company
has one subsidiary:
CMS ENCOM, Inc., a Michigan corporation,
formed for the purpose of providing
accounts receivable and consulting
services to entities in the energy and
communication industries.
(c) The consolidated operations of Consumers Power
Company ("Consumers") account for the major share of CMS Energy's total
assets, revenues and income. Consumers has seven subsidiaries. The name,
state of organization and nature of business of Consumers' subsidiaries
are described below:
CMS Engineering Co.
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.
CMS Midland Holdings Company
A Michigan corporation involved as a Limited
Partner in the First Midland Limited Partnership,
a Delaware limited partnership, a partnership
that leases assets to the Midland Cogeneration
Venture Limited Partnership, a Michigan limited
partnership.
CMS Midland, Inc.
A Michigan corporation engaged as a General
Partner in the Midland Cogeneration Venture
Limited Partnership, a Michigan limited
partnership.
ES Services Company
A Michigan corporation formed for the purpose of
offering design, engineering, project management
and related services primarily to electric
utilities and generation facilities.
Huron Hydrocarbons, Inc.
A Michigan corporation involved with others to
use the expanded capacity of the underground
caverns at the Marysville Gas Reforming Plant
located in Marysville, Michigan for commercial
storage of liquid hydrocarbons and to use certain
hydrocarbon fractionation facilities at the
plant.
MEC Development Corp.
A Michigan corporation which previously held
assets transferred to and holder of certain bonds
issued by the Midland Cogeneration Venture
Limited Partnership, a Michigan limited
partnership.
Michigan Gas Storage Company
A Michigan corporation and a natural gas company
within the meaning of the National Gas Act
engaged in the interstate transportation and
storage of gas for a number of customers
including Consumers.
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.
_________________________________________________________
(a) Claimant has no properties used for such
purposes.
(b) Consumers is the only subsidiary of Claimant
which 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:
1995 Summer Net 1995 Net
Demonstrated Generation
Name and Location Capability (Thousands of
(Michigan) (Kilowatts) Kilowatt-hours)
- ------------------------------- ---------------- --------------
Coal Generation
J H Campbell - West Olive 1,346,100(A) 6,888,444
D E Karn - Essexville 515,000 3,100,008
B C Cobb - Muskegon 296,000 1,984,753
J R Whiting - Erie 310,000 2,004,675
J C Weadock - Essexville 310,000 1,978,526
----------- -----------
Total 2,777,100 15,956,406
----------- -----------
Oil/Gas Generation
D E Karn - Essexville 1,276,000 534,004
----------- -----------
Ludington Pumped Storage 954,700(B) (373,229)(C)
----------- ------------
Nuclear Generation
Palisades - South Haven 762,000 4,837,252
Big Rock Point - Charlevoix 67,000 515,652
----------- -----------
Total 829,000 5,352,904
----------- -----------
Gas/Oil Combustion Turbine
Generation 345,000 21,978
----------- -----------
Hydro Generation 73,800 419,845
----------- -----------
Total Owned Generation 6,255,600 21,911,908
=========== ===========
(A) Represents Consumers' share of the capacity of the Campbell Plant
Unit 3 net of 6.69% (ownership interests of the Michigan Public
Power Agency and Wolverine Power Supply Cooperative, Inc.).
(B) Represents Consumers' share of the capacity of the Ludington Pumped
Storage Plant. Consumers and The Detroit Edison Company ("Detroit
Edison") have 51% and 49% undivided ownership, respectively, in the
plant, and the capacity of the plant is shared accordingly.
(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.
Electric transmission, subtransmission and distri-
bution lines are located on or under public highways,
streets, alleys or lands, except where they are located on
or under easements or other rights. The transmission system
consists of 4,422 structural miles of overhead lines and 4
subsurface miles. The subtransmission system consists of
4,125 structural miles and 16 subsurface miles of
underground lines. The distribution system consists of
51,341 structural miles of overhead lines and 5,276
subsurface miles of underground lines.
Consumers owns substations having an aggregate
transformer capacity of 37,766,530 kilovolt amperes.
Consumers is interconnected with certain Michigan and
neighboring utilities. Consumers and Detroit Edison have
formed the Michigan Electric Coordinated Systems ("MECS") to
facilitate the coordinated planning and operation of their
electric systems. MECS is interconnected with electric
systems in Indiana, Ohio and Ontario, Canada.(*)
Consumers owns or connects with electric transmission
lines which deliver electric energy at or near the Michigan
state border to:
(i) 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
(ii) Northern Indiana Public Service Company
at the following interconnection point: Barton Lake-
Batavia.
(2) Gas Properties
As of December 31, 1995, Consumers' gas
properties, all located in Michigan, included a gas
distribution and transmission system, six compressor
stations located at Consumers' storage fields and
along the gas transmission lines, 11 storage fields,
and the
____________________
(*)MECS interconnects with electric systems in Ohio and Ontario, Canada
through Detroit Edison. Detroit Edison interconnects with The Toledo
Edison Company at Majestic-Lemoyne, Monroe-Bayshore and Allen Junction-
Majestic-Monroe. Detroit Edison also interconnects with Ontario Hydro at
Waterman-Keith, Bunce Creek-Scott and two points at St. Clair-Lambton.<PAGE>
<PAGE> 17
Marysville Gas Reforming Plant. The Marysville Gas
Reforming Plant, located in Marysville, Michigan, is
a fractionation facility and stores liquid
hydrocarbons for third parties in its underground
caverns.
Consumers' gas distribution and transmission
systems consist of 21,870 miles of distribution mains
and 1,078 miles of transmission lines, throughout the
Lower Peninsula of Michigan. Consumers owns and
operates six compressor stations with a total of
123,470 installed horsepower.
Michigan Gas Storage Company ("MGSC") owns and
operates a gas transmission system, two compressor
stations, and three storage fields, all located in
Michigan.
Consumers receives natural gas for its local
distribution system through interconnection
facilities located in Michigan and at the Michigan
State border. Consumers received natural gas at the
Michigan State border pursuant to a sales contract
with Trunkline Gas Company ("Trunkline"). The
terminus of Trunkline's pipeline at the Michigan
State border is near Elkhart, Indiana at Township 38,
Range 7, Section 11, Elkhart County, Indiana. The
terminus of Consumers' pipeline at the Michigan State
border is near White Pigeon, Michigan at Township 8
South, Range 12 West, Section 23, St. Joseph County,
Michigan.
3. The following information for the last calendar year with
respect to claimant and each of its subsidiary public
utility companies:
_________________________________________________________
(a) Number of kWh of electric energy sold (at retail or
wholesale), and Mcf of natural or manufactured gas distributed at retail.
Consumers sold 35,506,299,277 kWh of electric energy
for the year ended December 31, 1995 and sold 253,617,847 Mcf of natural
gas at retail during the same period. Claimant did not sell electric
energy or natural or manufactured gas distributed at retail.
(b) Number of kWh of electric energy and Mcf of natural
or manufactured gas distributed at retail outside the State of Michigan.
None.
(c) Number of kWh of electric energy and Mcf of natural
or manufactured gas sold at wholesale outside the State of Michigan or at
the State line of Michigan.
Consumers delivered 85,782,610 kWh of electric energy
across state lines under interchange power agreements for the year ended
December 31, 1995. Neither Claimant nor Consumers sold any natural gas at
wholesale outside the State of Michigan during the same period.
(d) Number of kWh of electric energy and Mcf of natural
or manufactured gas purchased outside the State of Michigan or at the
State line of Michigan.
For the year ended December 31, 1995, Consumers
purchased 3,689,743,000 kWh of electric energy outside the State of
Michigan or at the State line of Michigan and Consumers purchased
185,972,000 Mcf of natural gas from outside the State of Michigan.
Claimant did not purchase any electric energy or
natural or manufactured gas outside the State of Michigan or at the State
line 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.
As of December 31, 1995, CMS Energy had interests in
five EWGs:
Central Termica San Nicolas, S.A. ("CTSN")
Rivadavia S/N
2900 San Nicolas
Prov. Buenos Aires, Argentina, South America
CTSN, an Argentine company, 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.
Hidroelectrica El Chocon, S.A. ("Hidroelectrica")
8311 Neuquen
Argentina, South America
Hidroelectrica, an Argentine company, 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.
Lakewood Cogeneration, L.P. ("Lakewood")
150 Airport Road
Lakewood, New Jersey 08701
Lakewood, a Delaware limited partnership, is owner
and operator of a 237 MW Cogeneration facility located in Lakewood, New
Jersey. The two-unit plant can be fueled by natural gas or household
heating oil.
Toledo Power Company ("Toledo Power")
2/F Phelps Dodge Annex Building
2 Pioneer St., Mandaluyong
Metro Manila, Philippines
Toledo Power, a Philippine partnership, is owner and
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 can be fueled by coal, oil or
diesel fuel.
Centrales Termicas Mendoza, S.A. ("CTM")
Parque Industrial Provincial
5507 Lujan de Cuyo, Mendoza
Argentina, South America
CTM, an Argentine company, is owner of two power
plants located in Mendoza, Argentina. These plants have a nameplate
generating capacity of 411 MW. These plants can be fueled by natural gas,
oil or diesel fuel.
(b) Name of each system company that holds an interest in such
EWG or foreign utility company; and description of the interest held.
CTSN
In May 1993, Inversora San Nicolas S.A. purchased 88%
share in CTSN. The remaining 12% interest was held by the Argentine
government on behalf of the facility's employees. 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. See
Exhibit C.
Hidroelectrica
CMS Generation Co. owns a 2.48% direct ownership in
Hidroelectrica. Hidroinvest, S.A. owns a 59% ownership interest in
Hidroelectrica. CMS Generation, S.A. has a 25% ownership interest in
Hidroinvest, S.A. See Exhibit C.
Lakewood
HCE-Lakewood, Inc. owns 1% interest as a limited
partner in Lakewood Cogeneration, L.P. HYDRA-CO Enterprises, Inc. owns 44%
ownership interest as a general partner in Lakewood Cogeneration, L.P.
See Exhibit C.
Toledo Power
CMS Generation Cebu Limited Duration Company owns a
32.5% direct interest in Toledo Power. See Exhibit C.
CTM
Cuyana de Inversiones owns a 80.55% ownership
interest in CTM. Cuyana de Inversiones is owned 99% by CMS Operating,
S.A. and 1% by CMS Ensenada, S.A. See Exhibit C.
(c) Type and amount of 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.
CTSN
As of December 31, 1995, CMS Generation San Nicolas
Company had invested approximately $13 million of equity in CTSN.
CMS Energy has been released from all guarantees related to CTSN.
Hidroelectrica
As of December 31, 1995, CMS Generation, S.A. had
invested approximately $51 million of equity in, and advanced
approximately $18 million of loans to, Hidroelectrica. CMS Generation,
S.A. was a co-applicant for certain letters of credit required in
connection with the acquisition of the concession, and CMS Energy has
guaranteed up to approximately $15 million of reimbursement obligations
relating to these letters of credit. CMS Energy has also guaranteed on
behalf of Hidroelectrica approximately $14 million in connection with the
Guaranteed Indebtedness Credit Agreement dated as of December 15, 1993
between Hidroelectrica and The Chase Manhattan Bank (National
Association).
Lakewood
As of December 31, 1995, HCE-Lakewood, Inc. had
invested $488,000 of equity in Lakewood. HYDRA-CO Enterprises, Inc. had
invested $21,444,000 of equity in Lakewood.
Toledo Power
As of December 31, 1995, CMS Generation Cebu Limited
Duration Company and CMS Generation Cebu Operating Limited Duration
Company had invested approximately $9 million of equity in Toledo Power.
CTM
As of December 31, 1995, CMS Operating, S.A. has
invested approximately $10 million of equity and $2 million of loans to
CTM. CMS Generation Co. has loaned approximately $22 million to CTM.
(d) Capitalization and earnings of the EWG or foreign
utility company during the reporting period.
*CTSN:
(000s)
---------
Capitalization at 12/31/95
Bank Loans $
Long Term Debt (Partners Loans) $
Shareholders' Equity
---------
Total Capitalization $
=========
Net Income (Loss) for the
period ended 12/31/95 $
=========
* Due to the nominal interest (.016%) of CTSN indirectly owned
by CMS Generation Co., capitalization and earnings
information of CTSN is unavailable.
Hidroelectrica:
(000s)
---------
Capitalization at 12/31/95
Bank Loans $182,003
Shareholders' Equity 400,812
---------
Total Capitalization $582,815
=========
Net Income (Loss) for the
period ended 12/31/95 $ 14,852
=========
Lakewood
(000s)
---------
Capitalization at 12/31/95
Bank Loans $207,225
Shareholders' Equity 41,579
---------
Total Capitalization $248,804
=========
Net Income (Loss) for the
period ended 12/31/95 $ 5,163
=========
Toledo Power
000s
---------
Capitalization at 12/31/95
Shareholders' Equity $ 53,819
=========
Net Income (Loss) for the
period ended 12/31/95 $ (1,007)
=========
CTM
(000s)
---------
Capitalization at 12/31/95
CMS Loans $ 23,635
Long Term Debt (YPF) $ 23,049
Shareholders Equity $ 17,578
---------
$ 64,262
=========
Net Income (Loss) for the
period ended Dec.31,1995 $ (1,617)
=========
(e) Identify any service, sales or construction
contracts(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).
As of December 31, 1995, Toledo Power had an unwritten
operating agreement with CMS Generation Cebu Operating Limited Duration
Company. As of December 31, 1995, operator fees for 1995 were being
negotiated but none had been paid.
As of December 31, 1995, Lakewood maintains a 21 year
Operating and Maintenance Agreement with HYDRA-CO Enterprises, Inc. to
operate and maintain the EWG. There is an Administrative and General
Agreement between Lakewood Cogeneration, L.P. and HYDRA-CO Enterprises
which expires November 2012 to maintain the business administration of the
EWG. Lakewood also maintains a construction contract with Lakewood
Project Management, Inc., a wholly owned subsidiary of HYDRA-CO
Enterprises, Inc., which expires at the end of the warranty phase. Total
fees earned in 1995 were:
(000s)
-------
Operator Fees $ 397
Administrative Fees 309
Project Management Fees 627
------
Total Fees $1,333
======
As of December 31, 1995, CTM maintains an Operating and
Maintenance Agreement with CMS Operating S.A., which expires November
1999, to operate and maintain the EWG. Total fees earned in 1995 were:
(000s)
-------
Total Fees $ 353
======
<PAGE>
<PAGE> 24
The above-named Claimant has caused this statement to
be duly executed on its behalf by its authorized officer on this 29th day
of February, 1996.
CMS ENERGY CORPORATION, a
Michigan corporation
[CORPORATE SEAL] By /s/ Rodger A. Kershner
----------------------------
Rodger A. Kershner
Senior Vice President and
General Counsel
ATTEST:
/s/ Thomas A. McNish
- -----------------------------
Thomas A. McNish
Vice President and Secretary
Name, title, and address of officer to whom notices and correspondence
concerning this Statement should be addressed:
Rodger A. Kershner
Senior Vice President and
General Counsel
CMS Energy Corporation
Fairlane Plaza South
Suite 1100
330 Town Center Drive
Dearborn, Michigan 48126
<PAGE>
<PAGE>
EXHIBIT A
<TABLE>
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, 1995
(In Millions, except Per Share Amounts)
<CAPTION>
Consumers CMS Inter-
Power Enterprises company CMS Energy
CMS Energy Company Company Elimina- Corporation
Corp.(1) Consol. Consol. tions Consol.
<S> <C> <C> <C> <C> <C>
Operating Revenue
Electric utility $ - $2,277 $ - $ - $2,277
Gas utility - 1,195 - - 1,195
Oil and gas exploration
and production - - 127 (19) 108
Independent power production - 37 59 - 96
Natural gas transmission,
storage and marketing - - 199 (3) 196
Other - 2 18 (2) 18
-------------------------------------------------------------------
Total operating revenue - 3,511 403 (24) 3,890
-------------------------------------------------------------------
Operating Expenses
Fuel for electric generation - 283 - - 283
Purchased power -
related parties - 491 - - 491
Purchased and interchange
power - 196 - - 196
Cost of gas sold - 671 172 (22) 821
Other operation expense 12 592 96 (2) 698
Maintenance - 183 3 - 186
Depreciation, depletion
and amortization 1 357 58 - 416
General taxes - 189 7 - 196
-------------------------------------------------------------------
Total operating expenses 13 2,962 336 (24) 3,287
-------------------------------------------------------------------
Pretax Operating Income (Loss) (13) 549 67 - 603
-------------------------------------------------------------------
Income Taxes (26) 145 11 - 130
-------------------------------------------------------------------
Net Operating Income 13 404 56 - 473
-------------------------------------------------------------------
Other Income (Deductions)
Dividends from affiliates - 17 2 (19) -
Accretion income - 11 - - 11
Accretion expense - (31) - - (31)
Other income taxes, net (1) 12 1 - 12
Other, net 260 5 2 (257) 10
-------------------------------------------------------------------
Total other income
(deductions) 259 14 5 (276) 2
-------------------------------------------------------------------
Fixed Charges
Interest on long-term debt 61 141 22 - 224
Other interest 2 24 4 (3) 27
Capitalized interest - (2) (6) - (8)
Preferred dividends - 28 14 (14) 28
-------------------------------------------------------------------
Net fixed charges 63 191 34 (17) 271
-------------------------------------------------------------------
Net Income (Loss) before
Common Stock Dividends 209 227 27 (259) 204
Dividends on Common Stock 89 70 - (75) 84
-------------------------------------------------------------------
Net Income (Loss) after
Common Stock Dividends $ 120 $ 157 $ 27 $ (184) $ 120
===================================================================
Average Number of CMS Energy Common Shares Outstanding 88,810
Earnings Per CMS Energy Average Common Share $ 2.27
<FN>
(1) Represents CMS Energy Corporation with Consumers Power Company and CMS Enterprises Company included on the equity
method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CONSUMERS POWER COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 1995
(In Millions)
<CAPTION>
Michigan Huron CMS Inter- Consumers
Consumers Gas Hydro- Midland CMS company Power
Power Storage carbons Holdings Midland Elimina- Company
Company(2) Company Inc. Company Inc. tions Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Revenue
Electric $2,277 $ - $ - $ - $ - $ - $2,277
Gas 1,192 20 - - - (17) 1,195
Other 1 - 1 7 30 - 39
--------------------------------------------------------------------------------
Total operating revenue 3,470 20 1 7 30 (17) 3,511
--------------------------------------------------------------------------------
Operating Expenses
Fuel for electric generation 283 - - - - - 283
Purchased power -
related parties 491 - - - - - 491
Purchased and interchange
power 196 - - - - - 196
Cost of gas sold 690 (2) - - - (17) 671
Other operation expense 580 11 - 1 - - 592
Maintenance 180 3 - - - - 183
Depreciation, depletion
and amortization 355 1 - - 1 - 357
General taxes 187 2 - - - - 189
--------------------------------------------------------------------------------
Total operating expenses 2,962 15 - 1 1 (17) 2,962
--------------------------------------------------------------------------------
Pretax Operating Income 508 5 1 6 29 - 549
--------------------------------------------------------------------------------
Income Taxes 133 2 - - 10 - 145
--------------------------------------------------------------------------------
Net Operating Income 375 3 1 6 19 - 404
--------------------------------------------------------------------------------
Other Income (Deductions)
Dividends from affiliates 17 - - - - - 17
Accretion income 11 - - - - - 11
Accretion expense (31) - - - - - (31)
Other income taxes, net 12 - - - - - 12
Other, net 35 - - - - (30) 5
--------------------------------------------------------------------------------
Total other income
(deductions) 44 - - - - (30) 14
--------------------------------------------------------------------------------
Interest Charges
Interest on long-term debt 141 - - - - - 141
Other interest 25 - - - - (1) 24
Capitalized interest (2) - - - - - (2)
--------------------------------------------------------------------------------
Net interest charges 164 - - - - (1) 163
--------------------------------------------------------------------------------
Net Income (Loss) 255 3 1 6 19 (29) 255
Preferred Stock Dividends 28 - - - - - 28
--------------------------------------------------------------------------------
Net Income (Loss) after
Dividends on Preferred Stock 227 3 1 6 19 (29) 227
Dividends on Common Stock 70 - - - - - 70
--------------------------------------------------------------------------------
Net Income (Loss) After Common
Dividends $ 157 $ 3 $ 1 $ 6 $ 19 $ (29) $ 157
================================================================================
<FN>
(2) Represents Consumers Power Company, CMS Engineering Company and ES Services Company consolidated with Michigan Gas
Storage Company, CMS Midland Holdings Company, CMS Midland, Inc. and Huron Hydrocarbons, Inc. included on the
equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENTERPRISES COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 1995
(In Millions)
<CAPTION>
CMS NOMECO CMS CMS CMS Gas
CMS Oil and Generation Utility CMS CMS Gas Transmission
Enterprises Gas Co. Co. Services Land Marketing Company
Company(3) Consol. Consol. Inc. Company Company Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Revenue
Oil and gas exploration
and production $ - $ 127 $ - $ - $ - $ - $ -
Independent power production - - 59 - - - -
Natural gas transmission, storage
and marketing - - - - - 174 25
Other - - - 5 11 - -
--------------------------------------------------------------------------------
Total operating revenue - 127 59 5 11 174 25
--------------------------------------------------------------------------------
Operating Expenses
Cost of gas sold - - - - - 169 3
Other operation expense 2 37 45 4 - 3 6
Maintenance - 3 - - - - -
Depreciation, depletion
and amortization - 52 2 1 - - 3
General taxes - 5 1 - - - 1
--------------------------------------------------------------------------------
Total operating expenses 2 97 48 5 - 172 13
--------------------------------------------------------------------------------
Pretax Operating Income (Loss) (2) 30 11 - 11 2 12
--------------------------------------------------------------------------------
Income Taxes (1) (2) 4 - 4 1 4
--------------------------------------------------------------------------------
Net Operating Income (Loss) (1) 32 7 - 7 1 8
--------------------------------------------------------------------------------
Other Income (Deductions)
Dividends from affiliates 2 - - - - - -
Other income taxes, net - - 1 - - - -
Other, net 40 - 2 - - 1 -
--------------------------------------------------------------------------------
Total other income
(deductions) 42 - 3 - - 1 -
--------------------------------------------------------------------------------
Fixed Charges
Interest on long-term debt - 11 10 - - - 1
Other interest - 3 1 - - - -
Capitalized interest - (6) - - - - -
Preferred dividends 14 - - - - - -
--------------------------------------------------------------------------------
Net fixed charges 14 8 11 - - - 1
--------------------------------------------------------------------------------
Net Income (Loss) $ 27 $ 24 $ (1) $ - $ 7 $ 2 $ 7
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENTERPRISES COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
Monarch Inter- CMS
Manage- company Enterprises
ment Elimina- Company
Company tions Consol.
<S> <C> <C> <C>
Operating Revenue
Oil and gas exploration
and production $ - $ - $ 127
Independent power production - - 59
Natural gas transmission, storage
and marketing - - 199
Other 2 - 18
--------------------------------
Total operating revenue 2 - 403
--------------------------------
Operating Expenses
Cost of gas sold - - 172
Other operation expense (1) - 96
Maintenance - - 3
Depreciation, depletion
and amortization - - 58
General taxes - - 7
--------------------------------
Total operating expenses (1) - 336
--------------------------------
Pretax Operating Income (Loss) 3 - 67
--------------------------------
Income Taxes 1 - 11
--------------------------------
Net Operating Income (Loss) 2 - 56
--------------------------------
Other Income (Deductions)
Dividends from affiliates - - 2
Other income taxes, net - - 1
Other, net - (41) 2
--------------------------------
Total other income
(deductions) - (41) 5
--------------------------------
Fixed Charges
Interest on long-term debt - - 22
Other interest - - 4
Capitalized interest - - (6)
Preferred dividends - - 14
--------------------------------
Net fixed charges - - 34
--------------------------------
Net Income (Loss) $ 2 $ (41) $ 27
================================
<FN>
(3) Represents CMS Enterprises Company, CMS Capital Corporation, CMS Electric Marketing Company and KJL Limited, Inc.
consolidated with CMS NOMECO Oil and Gas Company, CMS Generation Company, CMS Utility Services, Inc., CMS Land
Company, CMS Gas Marketing Company, CMS Gas Transmission Company and Monarch Management Company included on the
equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 1995
(In Millions)
<CAPTION>
CMS NOMECO
CMS CMS Equatorial NOMECO
NOMECO NOMECO NOMECO Terra Guinea CMS NOMECO Colombia
Oil and Gas Australia International Energy, Oil & Gas Venezuela Oil
Company(4) Pty. Ltd. Inc. Consol. Ltd. Co. LDC Company
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Revenue
Oil and gas exploration
and production $ 71 $ 1 $ 22 $ 5 $ 6 $ 1 $ 2
Other - - - - - - -
--------------------------------------------------------------------------------
Total operating revenue 71 1 22 5 6 1 2
--------------------------------------------------------------------------------
Operating Expenses
Cost of products sold - 1 - - - - -
Other operation expense 16 - 10 - 1 1 1
Maintenance 3 - - - - - -
Depreciation, depletion
and amortization 37 - 4 2 1 - 1
General taxes 4 - - - - - -
--------------------------------------------------------------------------------
Total operating expenses 60 1 14 2 2 1 2
--------------------------------------------------------------------------------
Pretax Operating Income 11 - 8 3 4 - -
--------------------------------------------------------------------------------
Income Taxes (9) - 3 - 2 - -
--------------------------------------------------------------------------------
Net Operating Income 20 - 5 3 2 - -
--------------------------------------------------------------------------------
Other Income (Deductions)
Other income taxes, net - - - - - - -
Other, net 10 - - - - - -
--------------------------------------------------------------------------------
Total other income
(deductions) 10 - - - - - -
--------------------------------------------------------------------------------
Fixed Charges
Interest on long-term debt 10 - 1 - - - -
Other interest 2 - - - - 1 -
Capitalized interest (5) - - - - (1) -
--------------------------------------------------------------------------------
Net fixed charges 7 - 1 - - - -
--------------------------------------------------------------------------------
Net Income (Loss) $ 23 $ - $ 4 $ 3 $ 2 $ - $ -
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMS NOMECO CMS Explota- Inter- CMS NOMECO
Inter- NOMECO ciones company Oil and Gas
national Ecuador Nomeco Elimina- Company
Ltd. LDC Inc. tions Consol.
<S> <C> <C> <C> <C> <C>
Operating Revenue
Oil and gas exploration
and production $ - $ 15 $ 4 $ - $ 127
Other - - - - -
--------------------------------------------------------
Total operating revenue - 15 4 - 127
--------------------------------------------------------
Operating Expenses
Cost of products sold - - - - 1
Other operation expense - 6 1 - 36
Maintenance - - - - 3
Depreciation, depletion
and amortization - 6 1 - 52
General taxes - - 1 - 5
--------------------------------------------------------
Total operating expenses - 12 3 - 97
--------------------------------------------------------
Pretax Operating Income - 3 1 - 30
--------------------------------------------------------
Income Taxes - 1 1 - (2)
--------------------------------------------------------
Net Operating Income - 2 - - 32
--------------------------------------------------------
Other Income (Deductions)
Other income taxes, net - - - - -
Other, net 2 - - (12) -
--------------------------------------------------------
Total other income
(deductions) 2 - - (12) -
--------------------------------------------------------
Fixed Charges
Interest on long-term debt - - - - 11
Other interest 4 - - (4) 3
Capitalized interest - - - - (6)
--------------------------------------------------------
Net fixed charges 4 - - (4) 8
--------------------------------------------------------
Net Income (Loss) $ (2) $ 2 $ - $ (8) $ 24
========================================================
<FN>
(4) Represents CMS NOMECO Oil and Gas Company, NOMECO China Oil Co., NOMECO Thailand Oil Company, CMS NOMECO Pipeline
Company, CMS NOMECO PNG Oil Co., NOMECO Exploration (Thailand) Limited, CMS NOMECO Holdings Ltd., CMS NOMECO Peru
Company and CMS NOMECO Argentina LDC consolidated with CMS NOMECO International, Inc. included on the equity
method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO INTERNATIONAL, INC.
Consolidating Statement of Income
For the Year Ended December 31, 1995
(In Millions)
<CAPTION>
CMS Walter CMS Inter- CMS NOMECO
NOMECO International NOMECO Company Inter.,
International Congo, Inter. Eq. Elimina- Inc.
Inc.(5) Inc. Guinea, Inc. tions Consol.
<S> <C> <C> <C> <C> <C>
Operating Revenue
Oil and gas exploration
and production $ - $ 17 $ 5 $ - $ 22
Other - - - - -
------------------------------------------------------------
Total operating revenue - 17 5 - 22
------------------------------------------------------------
Operating Expenses
Cost of products sold - - - - -
Other operation expense 1 8 1 - 10
Maintenance - - - - -
Depreciation, depletion
and amortization - 3 1 - 4
General taxes - - - - -
------------------------------------------------------------
Total operating expenses 1 11 2 - 14
------------------------------------------------------------
Pretax Operating Income (Loss) (1) 6 3 - 8
------------------------------------------------------------
Income Taxes - 2 1 - 3
------------------------------------------------------------
Net Operating Income (Loss) (1) 4 2 - 5
------------------------------------------------------------
Other Income (Deductions)
Other income taxes, net - - - - -
Other, net 5 - - (5) -
------------------------------------------------------------
Total other income
(deductions) 5 - - (5) -
------------------------------------------------------------
Fixed Charges
Interest on long-term debt - 1 - - 1
Other interest - - - - -
Capitalized interest - - - - -
------------------------------------------------------------
Net fixed charges - 1 - - 1
------------------------------------------------------------
Net Income (Loss) $ 4 $ 3 $ 2 $ (5) $ 4
============================================================
<FN>
(5) Represents CMS NOMECO International, Inc., Walter International Transportation, Inc. and Walter International
Tunisia, Inc consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 1995
(In Millions)
<CAPTION>
CMSG CMSG HYDRA-CO CMSG Oxford
CMS Honey Filer Enter- Grayling CMSG Tire
Generation Lake City prises, Holdings Operating Supply
Co.(6) Company Inc. Consol. Company Company Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Revenue
Independent power production $ 4 $ 7 $ 4 $ 32 $ 2 $ 1 $ 4
Other - - - - - - -
--------------------------------------------------------------------------------
Total operating revenue 4 7 4 32 2 1 4
--------------------------------------------------------------------------------
Operating Expenses
Other operation expense 20 - - 12 - - 5
Depreciation, depletion
and amortization - - - 2 - - -
General taxes 1 - - - - - -
--------------------------------------------------------------------------------
Total operating expenses 21 - - 14 - - 5
--------------------------------------------------------------------------------
Pretax Operating Income (Loss) (17) 7 4 18 2 1 (1)
--------------------------------------------------------------------------------
Income Taxes (9) 3 1 7 1 - -
--------------------------------------------------------------------------------
Net Operating Income (Loss) (8) 4 3 11 1 1 (1)
--------------------------------------------------------------------------------
Other Income (Deductions)
Other income taxes, net - - - - - - -
Other, net 16 - - - - - -
--------------------------------------------------------------------------------
Total other income
(deductions) 16 - - - - - -
--------------------------------------------------------------------------------
Fixed Charges
Interest on long-term debt 10 - - - - - -
Other interest 1 - - - - - -
--------------------------------------------------------------------------------
Net fixed charges 11 - - - - - -
--------------------------------------------------------------------------------
Net Income (Loss) $ (3) $ 4 $ 3 $ 11 $ 1 $ 1 $ (1)
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
Centrales Mid- OTR Inter- CMS
CMSG Oxford/ Termicas Michigan Northern company Generation
Holding CMS Devel. Mendoza Recycling California Elimina- Company
Company L.P. S.A. L.L.C. Inc. tions Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Revenue
Independent power production $ - $ (1) $ 2 $ 2 $ 2 $ - $ 59
Other - - - - - - -
--------------------------------------------------------------------------------
Total operating revenue - (1) 2 2 2 - 59
--------------------------------------------------------------------------------
Operating Expenses
Other operation expense - - 3 3 2 - 45
Depreciation, depletion
and amortization - - - - - - 2
General taxes - - - - - - 1
--------------------------------------------------------------------------------
Total operating expenses - - 3 3 2 - 48
--------------------------------------------------------------------------------
Pretax Operating Income (Loss) - (1) (1) (1) - - 11
--------------------------------------------------------------------------------
Income Taxes 1 - - - - - 4
--------------------------------------------------------------------------------
Net Operating Income (Loss) (1) (1) (1) (1) - - 7
--------------------------------------------------------------------------------
Other Income (Deductions)
Other income taxes, net 1 - - - - - 1
Other, net - - - - - (14) 2
--------------------------------------------------------------------------------
Total other income
(deductions) 1 - - - - (14) 3
--------------------------------------------------------------------------------
Fixed Charges
Interest on long-term debt - - - - - - 10
Other interest 1 - - - - (1) 1
--------------------------------------------------------------------------------
Net fixed charges 1 - - - - (1) 11
--------------------------------------------------------------------------------
Net Income (Loss) $ (1) $ (1) $ (1) $ (1) $ - $ (13) $ (1)
================================================================================
<FN>
(6) Represents CMS Generation Company, CMSG Filer City Operating Company, CMSG Grayling Company, CMS Midland II, CMS
Resource Development Company, CMSG Genesee Company, CMSG Recycling Company, CMSG Lyonsdale Company, CMSG
Chateaugay Company, CMSG Mon Valley Company, CMSG Investment Company I, CMSG Investment Company II, CMSG
Investment Company III, CMSG Pinamucan LDC, CMSG Cebu LDC, CMSG Cebu Operating LDC, CMSG Montreal Company, CMSG
Operating S.A., Cuyana S.A. de Inversiones, CMSG San Nicolas Company and CMS Generation S.A. consolidated with
HYDRA-CO Enterprises, Inc. included on the equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
HYDRA-CO ENTERPRISES, INC.
Consolidating Statement of Income
For the Year Ended December 31, 1995
(In Millions)
<CAPTION>
HYDRA-CO Lakewood Inter- HYDRO-CO
Enter- Project company Enter-
prises, Management Elimina- prises
Inc.(7) Inc. tions Consol.
<S> <C> <C> <C> <C>
Operating Revenue
Independent power production $ 31 $ 1 $ - $ 32
Other - - - -
--------------------------------------------
Total operating revenue 31 1 - 32
--------------------------------------------
Operating Expenses
Other operation expense 11 1 - 12
Depreciation, depletion
and amortization 2 - - 2
General taxes - - - -
--------------------------------------------
Total operating expenses 13 1 - 14
--------------------------------------------
Pretax Operating Income 18 - - 18
--------------------------------------------
Income Taxes 7 - - 7
--------------------------------------------
Net Operating Income 11 - - 11
--------------------------------------------
Other Income (Deductions)
Other income taxes, net - - - -
Other, net 2 - (2) -
--------------------------------------------
Total other income
(deductions) 2 - (2) -
--------------------------------------------
Fixed Charges
Interest on long-term debt - - - -
Other interest - - - -
--------------------------------------------
Net fixed charges - - - -
--------------------------------------------
Net Income (Loss) $ 13 $ - $ (2) $ 11
============================================
<FN>
(7) Represents HYDRA-CO Enterprises, Inc., HCE Appomattox, Inc., HCE Hudson, Inc., HCE Imperial Valley, Inc., HCE
Jamaica Development, Inc., HCE Lakewood, Inc., HYDRA-CO Generation Inc. and New Bern Project Management, Inc.
consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GAS TRANSMISSION AND STORAGE COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 1995
(In Millions)
<CAPTION>
CMS CMS CMS Inter- CMS Gas
CMS Gas CMS Gulf Coast Gas Jackson company Transmission
Transmission Antrim Storage Argentina Pipeline Elimina- Company
Company(8) Company Company Company Company tions Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Revenue
Natural gas transmission and
storage $ 9 $ 7 $ 2 $ 5 $ 2 $ - $ 25
Other - - - - - - -
--------------------------------------------------------------------------------
Total operating revenue 9 7 2 5 2 - 25
--------------------------------------------------------------------------------
Operating Expenses
Cost of gas sold 3 - - - - - 3
Other operation expense 3 1 1 - 1 - 6
Depreciation, depletion
and amortization 1 1 - 1 - - 3
General taxes 1 - - - - - 1
--------------------------------------------------------------------------------
Total operating expenses 8 2 1 1 1 - 13
--------------------------------------------------------------------------------
Pretax Operating Income 1 5 1 4 1 - 12
--------------------------------------------------------------------------------
Income Taxes 3 1 - - - - 4
--------------------------------------------------------------------------------
Net Operating Income (Loss) (2) 4 1 4 1 - 8
--------------------------------------------------------------------------------
Other Income (Deductions)
Other income taxes, net - - - - - - -
Other, net 10 1 - - - (11) -
--------------------------------------------------------------------------------
Total other income
(deductions) 10 1 - - - (11) -
--------------------------------------------------------------------------------
Fixed Charges
Interest on long-term debt 1 - - - - - 1
Other interest - - - - - - -
--------------------------------------------------------------------------------
Net fixed charges 1 - - - - - 1
--------------------------------------------------------------------------------
Net Income (Loss) $ 7 $ 5 $ 1 $ 4 $ 1 $ (11) $ 7
================================================================================
<FN>
(8) Represents CMS Gas Transmission and Storage Company, CMS Saginaw Bay Company, CMS Saginaw Bay Lateral Company, CMS
Grands Lacs Holding Company and CMS Specialty Gas Processors Company consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENERGY CORPORATION
Consolidating Balance Sheet - Assets
December 31, 1995
(In Millions)
<CAPTION>
Consumers CMS Inter-
Power Enterprises company CMS Energy
CMS Energy Company Company Elimina- Corporation
Corp.(1) Consol. Consol. tions Consol.
<S> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Electric $ - $6,103 $ - $ - $6,103
Gas - 2,169 49 - 2,218
Oil and gas properties - - 1,074 - 1,074
Other 21 30 60 (6) 105
--------------------------------------------------------
21 8,302 1,183 (6) 9,500
Less accumulated depreciation,
depletion and amortization 2 4,090 535 - 4,627
--------------------------------------------------------
19 4,212 648 (6) 4,873
Construction work-in-progress - 190 11 - 201
--------------------------------------------------------
19 4,402 659 (6) 5,074
--------------------------------------------------------
Investments
Associated companies 2,352 337 55 (2,744) -
First Midland Limited
Partnership - 225 - - 225
Independent power production - - 275 - 275
Natural gas transmission, storage
and marketing - - 193 - 193
Midland Cogeneration
Venture - 103 - - 103
Other - 7 15 - 22
--------------------------------------------------------
2,352 672 538 (2,744) 818
--------------------------------------------------------
Current Assets
Cash and temporary cash
investments - 14 42 - 56
Accounts receivable (9) (36) 142 (22) 75
Accrued revenues - 183 38 - 221
Inventories to average cost
Gas in underground storage - 184 - - 184
Materials and supplies - 72 11 - 83
Generating plant fuel
stock - 37 - - 37
Deferred income taxes (2) 26 - - 24
Postretirement benefits - 25 - - 25
Prepayments and other 4 181 20 - 205
--------------------------------------------------------
(7) 686 253 (22) 910
--------------------------------------------------------
Non-current Assets
Postretirement benefits - 462 - - 462
Abandoned Midland project - 131 - - 131
Nuclear decommissioning
trust funds - 304 - - 304
Other 85 297 140 (78) 444
--------------------------------------------------------
85 1,194 140 (78) 1,341
--------------------------------------------------------
Total Assets $2,449 $6,954 $1,590 $(2,850) $8,143
========================================================
<FN>
(1) Represents CMS Energy Corporation with Consumers Power Company and CMS Enterprises Company included on the equity
method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENERGY CORPORATION
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1995
(In Millions)
<CAPTION>
Consumers CMS Inter-
Power Enterprises company CMS Energy
CMS Energy Company Company Elimina- Corporation
Corp.(1) Consol. Consol. tions Consol.
<S> <C> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ 1 $ 841 $ - $ (841) $ 1
Other paid-in-capital 2,094 491 833 (1,467) 1,951
Revaluation capital (8) 29 14 (43) (8)
Retained earnings (475) 237 (93) (144) (475)
--------------------------------------------------------
1,612 1,598 754 (2,495) 1,469
Preferred stock - 356 249 (249) 356
Long-term debt 827 1,922 232 (75) 2,906
Non-current capital leases - 104 2 - 106
--------------------------------------------------------
2,439 3,980 1,237 (2,819) 4,837
--------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - 45 116 - 161
Current capital leases - 45 1 - 46
Notes payable - 341 - - 341
Accounts payable 1 207 102 (6) 304
Accounts payable - related
parties 6 56 3 (12) 53
Power purchases -
settlement - 90 - - 90
Accrued interest 11 32 7 (5) 45
Accrued taxes 24 225 7 - 256
Accrued refunds - 22 - - 22
Other - 178 16 (2) 192
--------------------------------------------------------
42 1,241 252 (25) 1,510
--------------------------------------------------------
Non-current Liabilities
Postretirement benefits 6 517 10 - 533
Power purchases -
settlement - 221 - - 221
Deferred income taxes (38) 605 73 - 640
Deferred investment tax credit - 169 2 - 171
Regulatory liabilities for
income taxes, net - 44 - - 44
Other - 177 16 (6) 187
--------------------------------------------------------
(32) 1,733 101 (6) 1,796
--------------------------------------------------------
Total Stockholders' Equity
and Liabilities $2,449 $6,954 $1,590 $(2,850) $8,143
========================================================
<FN>
(1) Represents CMS Energy Corporation with Consumers Power Company and CMS Enterprises Company included on the equity
method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CONSUMERS POWER COMPANY
Consolidating Balance Sheet - Assets
December 31, 1995
(In Millions)
<CAPTION>
Michigan Huron CMS Inter- Consumers
Consumers Gas Hydro- Midland CMS company Power
Power Storage carbons Holdings Midland Elimina- Company
Company(2) Company Inc. Company Inc. tions Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Electric $6,103 $ - $ - $ - $ - $ - $6,103
Gas 2,069 100 - - - - 2,169
Other 30 - - - - - 30
--------------------------------------------------------------------------------
8,202 100 - - - - 8,302
Less accumulated depreciation,
depletion and amortization 4,038 52 - - - - 4,090
--------------------------------------------------------------------------------
4,164 48 - - - - 4,212
Construction work-in-progress 187 3 - - - - 190
--------------------------------------------------------------------------------
4,351 51 - - - - 4,402
--------------------------------------------------------------------------------
Investments
Associated companies 589 - - - - (252) 337
First Midland Limited
Partnership - - - 225 - - 225
Midland Cogeneration
Venture - - - - 103 - 103
Other - - 7 - - - 7
--------------------------------------------------------------------------------
589 - 7 225 103 (252) 672
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments 13 1 - - - - 14
Accounts receivable (28) 3 - - 10 (21) (36)
Accrued revenues 183 - - - - - 183
Inventories to average cost
Gas in underground storage 184 - - - - - 184
Materials and supplies 72 - - - - - 72
Generating plant fuel
stock 37 - - - - - 37
Deferred income taxes 26 - - - - - 26
Postretirement benefits 25 - - - - - 25
Prepayments and other 181 - - - - - 181
--------------------------------------------------------------------------------
693 4 - - 10 (21) 686
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits 456 6 - - - - 462
Abandoned Midland project 131 - - - - - 131
Nuclear decommissioning
trust funds 304 - - - - - 304
Other 294 1 - 2 - - 297
--------------------------------------------------------------------------------
1,185 7 - 2 - - 1,194
--------------------------------------------------------------------------------
Total Assets $6,818 $ 62 $ 7 $ 227 $ 113 $ (273) $6,954
================================================================================
<FN>
(2) Represents Consumers Power Company, CMS Engineering Company, ES Services Company and MEC Development Corporation
consolidated with Michigan Gas Storage Company, CMS Midland Holdings Company, CMS Midland, Inc. and Huron
Hydrocarbons, Inc. included on the equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CONSUMERS POWER COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1995
(In Millions)
<CAPTION>
Michigan Huron CMS Inter- Consumers
Consumers Gas Hydro- Midland CMS company Power
Power Storage carbons Holdings Midland Elimina- Company
Company(2) Company Inc. Company Inc. tions Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ 841 $ 15 $ - $ - $ - $ (15) $ 841
Other paid-in-capital 491 5 2 45 135 (187) 491
Revaluation capital 29 - - - - - 29
Retained earnings 237 21 3 24 2 (50) 237
--------------------------------------------------------------------------------
1,598 41 5 69 137 (252) 1,598
Preferred stock 356 - - - - - 356
Long-term debt 1,922 - - - - - 1,922
Non-current capital leases 104 - - - - - 104
--------------------------------------------------------------------------------
3,980 41 5 69 137 (252) 3,980
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt 45 - - - - - 45
Current capital leases 45 - - - - - 45
Notes payable 351 9 - - - (19) 341
Accounts payable 206 1 - - - - 207
Accounts payable - related
parties 56 1 1 - - (2) 56
Power purchases -
settlement 90 - - - - - 90
Accrued interest 32 - - - - - 32
Accrued taxes 234 1 - (10) - - 225
Accrued refunds 22 - - - - - 22
Other 177 1 - - - - 178
--------------------------------------------------------------------------------
1,258 13 1 (10) - (21) 1,241
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits 511 6 - - - - 517
Power purchases -
settlement 221 - - - - - 221
Deferred income taxes 491 1 1 137 (25) - 605
Deferred investment tax credit 137 - - 31 1 - 169
Regulatory liabilities for
income taxes, net 44 - - - - - 44
Other 176 1 - - - - 177
--------------------------------------------------------------------------------
1,580 8 1 168 (24) - 1,733
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $6,818 $ 62 $ 7 $ 227 $ 113 $ (273) $6,954
================================================================================
<FN>
(2) Represents Consumers Power Company, CMS Engineering Company, ES Services Company and MEC Development Corporation
consolidated with Michigan Gas Storage Company, CMS Midland Holdings Company, CMS Midland, Inc. and Huron
Hydrocarbons, Inc. included on the equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENTERPRISES COMPANY
Consolidating Balance Sheet - Assets
December 31, 1995
(In Millions)
<CAPTION>
CMS NOMECO CMS CMS CMS Gas
CMS Oil and Generation Utility CMS CMS Gas Transmission
Enterprises Gas Co. Co. Services Land Marketing Company
Company(3) Consol. Consol. Inc. Company Company Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Oil and gas properties $ - $1,074 $ - $ - $ - $ - $ -
Natural gas transmission, storage
and marketing - - - - - - 49
Other - - 41 4 15 - -
--------------------------------------------------------------------------------
- 1,074 41 4 15 - 49
Less accumulated depreciation,
depletion and amortization - 525 1 3 - - 6
--------------------------------------------------------------------------------
- 549 40 1 15 - 43
Construction work-in-progress - - - - - - 11
--------------------------------------------------------------------------------
- 549 40 1 15 - 54
--------------------------------------------------------------------------------
Investments
Associated companies 1,004 - - - - - -
Independent power production - - 275 - - - -
Natural gas transmission, storage
and marketing - - - - - - 193
Other 1 3 - - 11 - -
--------------------------------------------------------------------------------
1,005 3 275 - 11 - 193
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments 1 13 23 - - 3 2
Accounts receivable 3 32 66 3 5 25 14
Accrued revenues - 38 - - - - -
Materials and supplies - 2 8 - - - 1
Prepayments and other - 13 3 - - 3 1
--------------------------------------------------------------------------------
4 98 100 3 5 31 18
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - - -
Other - 21 111 - - - 8
--------------------------------------------------------------------------------
- 21 111 - - - 8
--------------------------------------------------------------------------------
Total Assets $1,009 $ 671 $ 526 $ 4 $ 31 $ 31 $ 273
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENTERPRISES COMPANY
Consolidating Balance Sheet - Assets
December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
Inter- CMS
CMS company Enterprises
Capital Elimina- Company
Corp. tions Consol.
<S> <C> <C> <C>
Plant and Property (At Cost)
Oil and gas properties $ - $ - $1,074
Natural gas transmission, storage
and marketing - - 49
Other - - 60
-------------------------------
- - 1,183
Less accumulated depreciation,
depletion and amortization - - 535
-------------------------------
- - 648
Construction work-in-progress - - 11
-------------------------------
- - 659
-------------------------------
Investments
Associated companies - (949) 55
Independent power production - - 275
Natural gas transmission, storage
and marketing - - 193
Other - - 15
-------------------------------
- (949) 538
-------------------------------
Current Assets
Cash and temporary cash
investments - - 42
Accounts receivable 10 (16) 142
Accrued revenues - - 38
Materials and supplies - - 11
Prepayments and other - - 20
-------------------------------
10 (16) 253
-------------------------------
Non-current Assets
Postretirement benefits - - -
Other - - 140
-------------------------------
- - 140
-------------------------------
Total Assets $ 10 $ (965) $1,590
===============================
<FN>
(3) Represents CMS Enterprises Company, CMS Electric Marketing Company, KJL Limited, Inc. and Monarch Management
Company consolidated with CMS NOMECO Oil and Gas Company, CMS Generation Company, CMS Utility Services, Inc., CMS
Land Company, CMS Capital Corporation, CMS Gas Marketing Company and CMS Gas Transmission Company included on the
equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENTERPRISES COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1995
(In Millions)
<CAPTION>
CMS NOMECO CMS CMS CMS Gas
CMS Oil and Generation Utility CMS CMS Gas Transmission
Enterprises Gas Co. Co. Services Land Marketing Company
Company(3) Consol. Consol. Inc. Company Company Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 833 173 413 6 8 2 224
Revaluation capital 14 - (9) - - - -
Retained earnings (93) 176 (75) (3) 8 4 12
--------------------------------------------------------------------------------
754 349 329 3 16 6 236
Preferred stock 249 - - - - - -
Long-term debt - 187 23 - 10 - 12
Non-current capital leases - 1 1 - - - -
--------------------------------------------------------------------------------
1,003 537 353 3 26 6 248
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - 4 110 - - - 2
Current capital leases - 1 - - - - -
Notes payable 2 - 1 - - - 9
Accounts payable - 61 12 1 - 24 5
Accounts payable - related
parties 2 - 3 - - 1 -
Accrued interest - 2 2 - 3 - -
Accrued taxes 1 2 1 - - - 3
Other 4 3 9 - - - -
--------------------------------------------------------------------------------
9 73 138 1 3 25 19
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits 1 4 3 1 - - 1
Deferred income taxes (4) 51 21 (1) 2 - 4
Deferred investment tax credit - - 2 - - - -
Other - 6 9 - - - 1
--------------------------------------------------------------------------------
(3) 61 35 - 2 - 6
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $1,009 $ 671 $ 526 $ 4 $ 31 $ 31 $ 273
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENTERPRISES COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
Monarch Inter- CMS
CMS Manage- company Enterprises
Capital ment Elimina- Company
Corp. Company tions Consol.
<S> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ -
Other paid-in-capital 16 2 (844) 833
Revaluation capital - - 9 14
Retained earnings (7) - (115) (93)
--------------------------------------------
9 2 (950) 754
Preferred stock - - - 249
Long-term debt - - - 232
Non-current capital leases - - - 2
--------------------------------------------
9 2 (950) 1,237
--------------------------------------------
Current Liabilities
Current portion of long-term
debt - - - 116
Current capital leases - - - 1
Notes payable 1 - (13) -
Accounts payable - (2) 1 102
Accounts payable - related
parties - - (3) 3
Accrued interest - - - 7
Accrued taxes - - - 7
Other - - - 16
--------------------------------------------
1 (2) (15) 252
--------------------------------------------
Non-current Liabilities
Postretirement benefits - - - 10
Deferred income taxes - - - 73
Deferred investment tax credit - - - 2
Other - - - 16
--------------------------------------------
- - - 101
--------------------------------------------
Total Stockholders' Equity
and Liabilities $ 10 $ - $ (965) $1,590
============================================
<FN>
(3) Represents CMS Enterprises Company, CMS Electric Marketing Company and KJL Limited, Inc. consolidated with CMS
NOMECO Oil and Gas Company, CMS Generation Company, CMS Utility Services, Inc., CMS Land Company, CMS Capital
Corporation, CMS Gas Marketing Company, CMS Gas Transmission Company and Monarch Management Company included on
the equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Balance Sheet - Assets
December 31, 1995
(In Millions)
<CAPTION>
Explota- CMS NOMECO CMS CMS CMS
CMS NOMECO NOMECO ciones Inter- NOMECO NOMECO NOMECO
Oil and Gas Australia Nomeco national Ecuador Venezuela Interna.
Company(4) Pty. Ltd. Inc. Ltd. LDC LDC Inc. Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Oil and gas properties $ 778 $ 1 $ 32 $ - $ 111 $ 7 $ 56
Other - - - - - - -
--------------------------------------------------------------------------------
778 1 32 - 111 7 56
Less accumulated depreciation,
depletion and amortization 499 - 2 - 8 - 3
--------------------------------------------------------------------------------
279 1 30 - 103 7 53
Construction work-in-progress - - - - - - -
--------------------------------------------------------------------------------
279 1 30 - 103 7 53
--------------------------------------------------------------------------------
Investments
Associated companies 208 - - 117 - - -
Other - 2 - - - - -
--------------------------------------------------------------------------------
208 2 - 117 - - -
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments - - 1 - - 1 11
Accounts receivable 74 - - - (7) - 18
Accrued revenues 10 - - - 17 1 2
Materials and supplies - - - - - - 2
Prepayments and other 3 - - - - - 3
--------------------------------------------------------------------------------
87 - 1 - 10 2 36
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - - -
Other 14 - - - - - -
--------------------------------------------------------------------------------
14 - - - - - -
--------------------------------------------------------------------------------
Total Assets $ 588 $ 3 $ 31 $ 117 $ 113 $ 9 $ 89
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Balance Sheet - Assets
December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMS NOMECO
CMS Equatorial CMS NOMECO
NOMECO NOMECO Guinea Terra NOMECO Colombia
PNG Oil China Oil Oil & Gas Energy, Holdings Oil
Co. Company Co. Ltd. Ltd. Company
<S> <C> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Oil and gas properties $ - $ - $ 13 $ 68 $ - $ 8
Other - - - - - -
--------------------------------------------------------------------
- - 13 68 - 8
Less accumulated depreciation,
depletion and amortization - - 3 2 - 8
--------------------------------------------------------------------
- - 10 66 - -
Construction work-in-progress - - - - - -
--------------------------------------------------------------------
- - 10 66 - -
--------------------------------------------------------------------
Investments
Associated companies - - - - 1 -
Other - - - 1 - -
--------------------------------------------------------------------
- - - 1 1 -
--------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments - - - - - -
Accounts receivable 1 1 1 26 2 6
Accrued revenues - - 1 6 - 1
Materials and supplies - - - - - -
Prepayments and other - - 1 6 - -
--------------------------------------------------------------------
1 1 3 38 2 7
--------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - -
Other - - - 7 - -
--------------------------------------------------------------------
- - - 7 - -
--------------------------------------------------------------------
Total Assets $ 1 $ 1 $ 13 $ 112 $ 3 $ 7
--------------------------------------------------------------------
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Balance Sheet - Assets
December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
Inter- CMS NOMECO
company Oil and Gas
Elimina- Company
tions Consol.
<S> <C> <C>
Plant and Property (At Cost)
Oil and gas properties $ - $1,074
Other - -
-------------------
- 1,074
Less accumulated depreciation,
depletion and amortization - 525
-------------------
- 549
Construction work-in-progress - -
-------------------
- 549
-------------------
Investments
Associated companies (326) -
Other - 3
-------------------
(326) 3
-------------------
Current Assets
Cash and temporary cash
investments - 13
Accounts receivable (90) 32
Accrued revenues - 38
Materials and supplies - 2
Prepayments and other - 13
-------------------
(90) 98
-------------------
Non-current Assets
Postretirement benefits - -
Other - 21
-------------------
- 21
-------------------
Total Assets $ (416) $ 671
===================
<FN>
(4) Represents CMS NOMECO Oil and Gas Company, NOMECO Thailand Oil Company, CMS NOMECO Pipeline Company, NOMECO
Exploration (Thailand) Limited, CMS NOMECO Peru Company and CMS NOMECO International Venezuela, Inc. consolidated
with CMS NOMECO International, Inc. included on the equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1995
(In Millions)
<CAPTION>
Explota- CMS CMS NOMECO CMS
CMS NOMECO NOMECO ciones Terra NOMECO Inter- NOMECO
Oil and Gas Australia Nomeco Energy, Ecuador national Interna.
Company(4) Pty. Ltd. Inc. Ltd. LDC Ltd. Inc. Consol
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ 1 $ -
Other paid-in-capital 175 - 30 63 108 56 35
Retained earnings 176 1 - 3 3 (4) 4
--------------------------------------------------------------------------------
351 1 30 66 111 53 39
Preferred stock - - - - - - -
Long-term debt 177 - - - - - 8
Non-current capital leases - - - 1 - - -
--------------------------------------------------------------------------------
528 1 30 67 111 53 47
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - - - - - - 3
Current capital leases - - - 1 - - -
Notes payable - 1 - - - 58 -
Accounts payable 5 - - 32 1 - 22
Accounts payable - related
parties 3 1 - - - - 14
Accrued interest 2 - - - - 6 -
Accrued taxes - - - - - - 1
Other 2 - - 1 - - -
--------------------------------------------------------------------------------
12 2 - 34 1 64 40
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits 4 - - - - - -
Deferred income taxes 42 - 1 7 1 - 2
Deferred investment tax credit - - - - - - -
Other 2 - - 4 - - -
--------------------------------------------------------------------------------
48 - 1 11 1 - 2
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ 588 $ 3 $ 31 $ 112 $ 113 $ 117 $ 89
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMS NOMECO
CMS Equatorial NOMECO NOMECO CMS
NOMECO NOMECO Guinea Exploration NOMECO Colombia NOMECO
PNG Oil China Oil Oil & Gas (Thailand) Holdings Oil Venezuela
Co. Company Co. Limited Ltd. Company LDC
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 1 3 - 7 (1) 29 8
Retained earnings (1) (2) 4 (7) 4 (21) -
--------------------------------------------------------------------------------
- 1 4 - 3 8 8
Preferred stock - - - - - - -
Long-term debt - - 2 - - - -
Non-current capital leases - - - - - - -
--------------------------------------------------------------------------------
- 1 6 - 3 8 8
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - - 1 - - - -
Current capital leases - - - - - - -
Notes payable - - 4 - - - -
Accounts payable - - - - - - 1
Accounts payable - related
parties - - - - - 3 -
Accrued interest - - - - - - -
Accrued taxes 1 - - - - - -
Other - - - - - - -
--------------------------------------------------------------------------------
1 - 5 - - 3 1
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits - - - - - - -
Deferred income taxes - - 2 - - (4) -
Deferred investment tax credit - - - - - - -
Other - - - - - - -
--------------------------------------------------------------------------------
- - 2 - - (4) -
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ 1 $ 1 $ 13 $ - $ 3 $ 7 $ 9
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
Inter- CMS NOMECO
company Oil and Gas
Elimina- Company
tions Consol.
<S> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ (1) $ -
Other paid-in-capital (341) 173
Retained earnings 16 176
-------------------
(326) 349
Preferred stock - -
Long-term debt - 187
Non-current capital leases - 1
-------------------
(326) 537
-------------------
Current Liabilities
Current portion of long-term
debt - 4
Current capital leases - 1
Notes payable (63) -
Accounts payable - 61
Accounts payable - related
parties (21) -
Accrued interest (6) 2
Accrued taxes - 2
Other - 3
-------------------
(90) 73
-------------------
Non-current Liabilities
Postretirement benefits - 4
Deferred income taxes - 51
Deferred investment tax credit - -
Other - 6
-------------------
- 61
-------------------
Total Stockholders' Equity
and Liabilities $ (416) $ 671
===================
<FN>
(4) Represents CMS NOMECO Oil and Gas Company, NOMECO Thailand Oil Company, CMS NOMECO Pipeline Company, CMS NOMECO
International Venezuela, Inc., CMS NOMECO Peru Company and NOMECO Argentina LDC consolidated with CMS NOMECO
International, Inc. included on the equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO INTERNATIONAL, INC.
Consolidating Balance Sheet - Assets
December 31, 1995
(In Millions)
<CAPTION>
CMS Walter CMS Walter Walter Inter- CMS
NOMECO International NOMECO International Inter- company NOMECO
International Congo Inter. Eq. Tunisia national Elimina- Interna.
Inc.(5) Inc. Guinea, Inc. Inc. Alba LPG tions Inc. Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Oil and gas properties $ 7 $ 34 $ 9 $ 3 $ 3 $ - $ 56
Other - - - - - - -
--------------------------------------------------------------------------------
7 34 9 3 3 - 56
Less accumulated depreciation,
depletion and amortization - 2 1 - - - 3
--------------------------------------------------------------------------------
7 32 8 3 3 - 53
Construction work-in-progress - - - - - - -
--------------------------------------------------------------------------------
7 32 8 3 3 - 53
--------------------------------------------------------------------------------
Investments
Associated companies 40 - - - - (40) -
Other - - - - - - -
--------------------------------------------------------------------------------
40 - - - - (40) -
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments 7 3 1 - - - 11
Accounts receivable 7 12 5 - - (6) 18
Accrued revenues - 2 - - - - 2
Materials and supplies - 2 - - - - 2
Prepayments and other - 3 - - - - 3
--------------------------------------------------------------------------------
14 22 6 - - (6) 36
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - - -
Other - - - - - - -
--------------------------------------------------------------------------------
- - - - - - -
--------------------------------------------------------------------------------
Total Assets $ 61 $ 54 $ 14 $ 3 $ 3 $ (46) $ 89
================================================================================
<FN>
(5) Represents CMS NOMECO International, Inc. and Walter International Transportation, Inc. consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO INTERNATIONAL, INC.
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1995
(In Millions)
<CAPTION>
CMS Walter CMS Walter Walter Inter CMS
NOMECO International NOMECO International Inter- company NOMECO
International Congo Inter. Eq. Tunisia national Elimina- Interna.
Inc.(5) Inc. Guinea, Inc. Inc. Alba LPG tions Inc. Consol
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 35 28 6 - 1 (35) 35
Retained earnings 4 3 2 - - (5) 4
--------------------------------------------------------------------------------
39 31 8 - 1 (40) 39
Preferred stock - - - - - - -
Long-term debt - 6 2 - - - 8
Non-current capital leases - - - - - - -
--------------------------------------------------------------------------------
39 37 10 - 1 (40) 47
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - 2 1 - - - 3
Current capital leases - - - - - - -
Notes payable - - - - - - -
Accounts payable 3 19 - - - - 22
Accounts payable - related
parties 19 (6) 2 3 2 (6) 14
Accrued interest - - - - - - -
Accrued taxes - 1 - - - - 1
Other - - - - - - -
--------------------------------------------------------------------------------
22 16 3 3 2 (6) 40
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits - - - - - - -
Deferred income taxes - 1 1 - - - 2
Deferred investment tax credit - - - - - - -
Other - - - - - - -
--------------------------------------------------------------------------------
- 1 1 - - - 2
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ 61 $ 54 $ 14 $ 3 $ 3 $ (46) $ 89
================================================================================
<FN>
(5) Represents CMS NOMECO International, Inc. and Walter International Transportation, Inc. consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Balance Sheet - Assets
December 31, 1995
(In Millions)
<CAPTION>
CMSG CMSG CMSG CMSG
CMS Honey Filer CMSG Grayling CMSG Mon
Generation Lake City Grayling Holdings Operating Valley
Co.(6) Company Inc. Company Company Company Company
<S> <C> <C> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Independent power production $ - $ - $ - $ - $ - $ - $ -
Less accumulated depreciation,
depletion and amortization - - - - - - -
--------------------------------------------------------------------------------
- - - - - - -
Construction work-in-progress - - - - - - -
--------------------------------------------------------------------------------
- - - - - - -
--------------------------------------------------------------------------------
Investments
Associated companies 305 - - - - - -
Other 36 27 12 1 9 - -
--------------------------------------------------------------------------------
341 27 12 1 9 - -
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments 6 - - - 1 - -
Accounts receivable 50 1 2 - - 4 -
Materials and supplies - - - - - - -
Prepayments and other - - - - - - -
--------------------------------------------------------------------------------
56 1 2 - 1 4 -
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - - -
Other 55 - - 3 - - 1
--------------------------------------------------------------------------------
55 - - 3 - - 1
--------------------------------------------------------------------------------
Total Assets $ 452 $ 28 $ 14 $ 4 $ 10 $ 4 $ 1
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Balance Sheet - Assets
December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMSG Mid- CMSG HYDRA-CO
Resource CMS CMSG Michigan Invest. CMSG Enter-
Development Generation Recycling Recycling Company Cebu prises
Company S.A. Company L.L.C. I LDC Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Independent power production $ - $ - $ - $ 2 $ - $ - $ -
Less accumulated depreciation,
depletion and amortization - - - 1 - - -
--------------------------------------------------------------------------------
- - - 1 - - -
Construction work-in-progress - - - - - - -
--------------------------------------------------------------------------------
- - - 1 - - -
--------------------------------------------------------------------------------
Investments
Associated companies - - 2 - 10 - -
Other - 48 - - 1 8 119
--------------------------------------------------------------------------------
- 48 2 - 11 8 119
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments - - - - - - 13
Accounts receivable 4 1 - 1 (1) - 16
Materials and supplies - - - - - - -
Prepayments and other - - - - - - -
--------------------------------------------------------------------------------
4 1 - 1 (1) - 29
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - - -
Other - - - 3 - 1 41
--------------------------------------------------------------------------------
- - - 3 - 1 41
--------------------------------------------------------------------------------
Total Assets $ 4 $ 49 $ 2 $ 5 $ 10 $ 9 $ 189
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Balance Sheet - Assets
December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
Oxford Centrales Oxford/ Inter- CMS
CMSG Tire Termicas CMSG CMS company Generation
Holdings Supply Mendoza Pinamucan Development Elimina- Company
Company Inc. S.A. LDC L.P. tions Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Independent power production $ - $ 1 $ 35 $ - $ 3 $ - $ 41
Less accumulated depreciation,
depletion and amortization - - - - - - 1
--------------------------------------------------------------------------------
- 1 35 - 3 - 40
Construction work-in-progress - - - - - - -
--------------------------------------------------------------------------------
- 1 35 - 3 - 40
--------------------------------------------------------------------------------
Investments
Associated companies 1 - - - - (318) -
Other 7 - - - 7 - 275
--------------------------------------------------------------------------------
8 - - - 7 (318) 275
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments 1 - 1 1 - - 23
Accounts receivable 3 1 19 - 1 (36) 66
Materials and supplies - - 8 - - - 8
Prepayments and other - 1 2 - - - 3
--------------------------------------------------------------------------------
4 2 30 1 1 (36) 100
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - - -
Other 4 - 13 - - (10) 111
--------------------------------------------------------------------------------
4 - 13 - - (10) 111
--------------------------------------------------------------------------------
Total Assets $ 16 $ 3 $ 78 $ 1 $ 11 $ (364) $ 526
================================================================================
<FN>
(6) Represents CMS Generation Company, CMSG GP Company, CMSG Filer City Operating Company, CMS Midland II, CMSG
Altoona Company, CMSG Genesee Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, CMSG Investment Company
II, CMSG Investment Company III, CMSG Cebu Operating LDC Company, CMSG Montreal Company, CMSG Operating S.A.,
Cuyana S.A. de Inversiones and OTR of Massachusetts, Inc. consolidated with HYDRA-CO Enterprises, Inc. included on
the equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1995
(In Millions)
<CAPTION>
CMSG CMSG CMSG CMSG
CMS Honey Filer CMSG Grayling CMSG Mon
Generation Lake City Grayling Holdings Operating Valley
Co.(6) Company Inc. Company Company Company Company
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 413 6 6 4 7 3 -
Revaluation capital (9) - - - - - -
Retained earnings (76) 9 3 - 1 - -
--------------------------------------------------------------------------------
328 15 9 4 8 3 -
Preferred stock - - - - - - -
Long-term debt - - - - - - -
Non-current capital leases - - - - - - -
--------------------------------------------------------------------------------
328 15 9 4 8 3 -
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt 110 - - - - - -
Current capital leases - - - - - - -
Notes payable - - 1 - - - -
Accounts payable 5 - - - - - -
Accounts payable - related
parties 8 - - - - - 1
Accrued interest 2 - - - - - -
Accrued taxes (12) 3 1 - (1) - -
Other 5 - - - - - -
--------------------------------------------------------------------------------
118 3 2 - (1) - 1
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits 2 - - - - 1 -
Deferred income taxes 4 8 3 - 3 - -
Deferred investment tax credit - 2 - - - - -
Other - - - - - - -
--------------------------------------------------------------------------------
6 10 3 - 3 1 -
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ 452 $ 28 $ 14 $ 4 $ 10 $ 4 $ 1
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMSG Mid- CMSG HYDRA-CO
Resource CMS CMSG Michigan Invest. CMSG Enter-
Development Generation Recycling Recycling Company Cebu prises
Company S.A. Company L.L.C. I LDC Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 3 45 3 5 10 9 176
Revaluation capital - - - - - - -
Retained earnings - 3 - (1) - - 5
--------------------------------------------------------------------------------
3 48 3 4 10 9 181
Preferred stock - - - - - - -
Long-term debt - - - - - - -
Non-current capital leases - - - 1 - - -
--------------------------------------------------------------------------------
3 48 3 5 10 9 181
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - - - - - - -
Current capital leases - - - - - - -
Notes payable - - - - - - -
Accounts payable - - - - - - -
Accounts payable - related
parties - 1 - - - - -
Accrued interest - - - - - - -
Accrued taxes - - (1) - - - 5
Other 1 - - - - - 3
--------------------------------------------------------------------------------
1 1 (1) - - - 8
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits - - - - - - -
Deferred income taxes - - - - - - -
Deferred investment tax credit - - - - - - -
Other - - - - - - -
--------------------------------------------------------------------------------
- - - - - - -
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ 4 $ 49 $ 2 $ 5 $ 10 $ 9 $ 189
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
Oxford Centrales Oxford/ Inter- CMS
CMSG Tire Termicas CMSG CMS company Generation
Holdings Supply Mendoza Pinamucan Development Elimina- Company
Company Inc. S.A. LDC L.P. tions Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 2 3 12 1 11 (306) 413
Revaluation capital - - - - - - (9)
Retained earnings (2) (3) (2) - - (12) (75)
--------------------------------------------------------------------------------
- - 10 1 11 (318) 329
Preferred stock - - - - - - -
Long-term debt 10 - 23 - - (10) 23
Non-current capital leases - - - - - - 1
--------------------------------------------------------------------------------
10 - 33 1 11 (328) 353
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - - - - - - 110
Current capital leases - - - - - - -
Notes payable - - 21 - - (21) 1
Accounts payable - - 6 - - 1 12
Accounts payable - related
parties - 2 2 - - (11) 3
Accrued interest 3 - 2 - - (5) 2
Accrued taxes - - 6 - - - 1
Other - - - - - - 9
--------------------------------------------------------------------------------
3 2 37 - - (36) 138
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits - - - - - - 3
Deferred income taxes 3 - - - - - 21
Deferred investment tax credit - - - - - - 2
Other - 1 8 - - - 9
--------------------------------------------------------------------------------
3 1 8 - - - 35
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ 16 $ 3 $ 78 $ 1 $ 11 $ (364) $ 526
================================================================================
<FN>
(6) Represents CMS Generation Company, CMSG GP Company, CMSG Filer City Operating Company, CMS Midland II, CMSG
Altoona Company, CMSG Genesee Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, CMSG Investment Company
II, CMSG Investment Company III, CMSG Cebu Operating LDC Company, CMSG Montreal Company, CMSG Operating S.A.,
Cuyana S.A. de Inversiones, CMSG San Nicolas Company, OTR of Massachusetts, Inc., OTR of Bloomfield, Inc. and OTR
Southern California, Inc. consolidated with HYDRA-CO Enterprises, Inc. included on the equity method of
accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
HYDRA-CO ENTERPRISES, INC.
Consolidating Balance Sheet - Assets
December 31, 1995
(In Millions)
<CAPTION>
HYDRO-CO HCE New HCE Inter- HYDRA-CO
Enter- HCE Appo- Bern Rockfort company Enter-
prises Hudson, mattox, Project Diesel, Elimina- prises
Inc.(7) Inc. Inc. Mgt. Inc. Inc. tions Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Independent power production $ - $ - $ - $ - $ - $ - $ -
Less accumulated depreciation,
depletion and amortization - - - - - - -
--------------------------------------------------------------------------------
- - - - - - -
Construction work-in-progress - - - - - - -
--------------------------------------------------------------------------------
- - - - - - -
--------------------------------------------------------------------------------
Investments
Associated companies 22 - - - - (22) -
Other 105 8 2 1 3 - 119
--------------------------------------------------------------------------------
127 8 2 1 3 (22) 119
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments 13 - - - - - 13
Accounts receivable 20 1 - - - (5) 16
Materials and supplies - - - - - - -
Prepayments and other - - - - - - -
--------------------------------------------------------------------------------
33 1 - - - (5) 29
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - - -
Other 41 - - - - - 41
--------------------------------------------------------------------------------
41 - - - - - 41
--------------------------------------------------------------------------------
Total Assets $ 201 $ 9 $ 2 $ 1 $ 3 $ (27) $ 189
================================================================================
<FN>
(7) Represents HYDRA-CO Enterprises, Inc., HCE Imperial Valley, Inc., HCE Jamaica Development, Inc., HCE
Lakewood, Inc., Lakewood Project Management Inc. and HYDRA-CO Generation Inc. consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
HYDRO-CO ENTERPRISES, INC.
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1995
(In Millions)
<CAPTION>
HYDRO-CO HCE New HCE Inter- HYDRA-CO
Enter- HCE Appo- Bern Rockfort company Enter-
prises Hudson, mattox, Project Diesel, Elimina- prises
Inc.(7) Inc. Inc. Mgt. Inc. Inc. tions Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 183 7 2 - 3 (19) 176
Revaluation capital - - - - - - -
Retained earnings 5 2 - 1 - (3) 5
--------------------------------------------------------------------------------
188 9 2 1 3 (22) 181
Preferred stock - - - - - - -
Long-term debt - - - - - - -
Non-current capital leases - - - 1 - - -
--------------------------------------------------------------------------------
188 9 2 1 3 (22) 181
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - - - - - - -
Current capital leases - - - - - - -
Notes payable - - - - - - -
Accounts payable - - - - - - -
Accounts payable - related
parties 4 - - - - (4) -
Accrued interest - - - - - - -
Accrued taxes 5 - - - - - 5
Other 3 - - - - - 3
--------------------------------------------------------------------------------
12 - - - - (4) 8
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits - - - - - - -
Deferred income taxes - - - - - - -
Deferred investment tax credit - - - - - - -
Other 1 - - - - (1) -
--------------------------------------------------------------------------------
1 - - - - (1) -
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ 201 $ 9 $ 2 $ 1 $ 3 $ (27) $ 189
================================================================================
<FN>
(7) Represents HYDRA-CO Enterprises, Inc., HCE Imperial Valley, Inc., HCE Jamaica Development, Inc., HCE
Lakewood, Inc., Lakewood Project Management Inc. and HYDRA-CO Generation Inc. consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GAS TRANSMISSION AND STORAGE COMPANY
Consolidating Balance Sheet - Assets
December 31, 1995
(In Millions)
<CAPTION>
CMS CMS CMS CMS CMS
CMS Gas CMS Saginaw Saginaw Gulf Coast Gas Jackson
Transmission Antrim Bay Bay Lat. Storage Argentina Pipeline
Company(8) Company Company Company Company Company Company
<S> <C> <C> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Natural gas transmission
and storage $ 8 $ 30 $ - $ - $ - $ - $ 11
Other - - - - - - -
--------------------------------------------------------------------------------
8 30 - - - - 11
Less accumulated depreciation,
depletion and amortization 1 3 - - - - 2
--------------------------------------------------------------------------------
7 27 - - - - 9
Construction work-in-progress 3 8 - - - - -
--------------------------------------------------------------------------------
10 35 - - - - 9
--------------------------------------------------------------------------------
Investments
Associated companies 207 14 - - - - -
Other 11 - 13 3 25 141 -
--------------------------------------------------------------------------------
218 14 13 3 25 141 -
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments 1 - - - - - 1
Accounts receivable 13 1 1 - - - -
Materials and supplies - 1 - - - - -
Prepayments and other - 1 - - - - -
--------------------------------------------------------------------------------
14 3 1 - - - 1
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - - -
Other 8 - - - - - -
--------------------------------------------------------------------------------
8 - - - - - -
--------------------------------------------------------------------------------
Total Assets $ 250 $ 52 $ 14 $ 3 $ 25 $ 141 $ 10
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GAS TRANSMISSION AND STORAGE COMPANY
Consolidating Balance Sheet - Assets
December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
Inter- CMS Gas
company Transmission
Elimina- Company
tions Consol.
<S> <C> <C>
Plant and Property (At Cost)
Natural gas transmission
and storage $ - $ 49
Other - -
-------------------
- 49
Less accumulated depreciation,
depletion and amortization - 6
-------------------
- 43
Construction work-in-progress - 11
-------------------
- 54
-------------------
Investments
Associated companies (221) -
Other - 193
-------------------
(221) 193
-------------------
Current Assets
Cash and temporary cash
investments - 2
Accounts receivable (1) 14
Materials and supplies - 1
Prepayments and other - 1
-------------------
(1) 18
-------------------
Non-current Assets
Postretirement benefits - -
Other - 8
-------------------
- 8
-------------------
Total Assets $ (222) $ 273
===================
<FN>
(8) Represents CMS Gas Transmission and Storage Company, CMS Grands Lacs Holding Company and CMS Specialty Gas
Processors Company consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GAS TRANSMISSION AND STORAGE COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1995
(In Millions)
<CAPTION>
CMS CMS CMS CMS CMS
CMS Gas CMS Saginaw Saginaw Gulf Coast Gas Jackson
Transmission Antrim Bay Bay Lat. Storage Argentina Pipeline
Company(8) Company Company Company Company Company Company
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 224 35 4 2 24 136 2
Retained earnings 12 11 1 - 1 4 1
--------------------------------------------------------------------------------
236 46 5 2 25 140 3
Preferred stock - - - - - - -
Long-term debt - 1 6 - - - 5
Non-current capital leases - - - - - - -
--------------------------------------------------------------------------------
236 47 11 2 25 140 8
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - 1 1 - - - -
Current capital leases - - - - - - -
Notes payable 9 - - - - - -
Accounts payable 2 3 - - - - -
Accounts payable - related
parties - - - - - 1 -
Accrued interest - - - - - - -
Accrued taxes 2 1 - - - - -
Other - - - - - - -
--------------------------------------------------------------------------------
13 5 1 - - 1 -
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits 1 - - - - - -
Deferred income taxes - - 2 1 - - 1
Deferred investment tax credit - - - - - - -
Other - - - - - - 1
--------------------------------------------------------------------------------
1 - 2 1 - - 2
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ 250 $ 52 $ 14 $ 3 $ 25 $ 141 $ 10
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GAS TRANSMISSION AND STORAGE COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
Inter- CMS Gas
company Transmission
Elimina- Company
tions Consol.
<S> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ -
Other paid-in-capital (203) 224
Retained earnings (18) 12
-------------------
(221) 236
Preferred stock - -
Long-term debt - 12
Non-current capital leases - -
-------------------
(221) 248
-------------------
Current Liabilities
Current portion of long-term
debt - 2
Current capital leases - -
Notes payable - 9
Accounts payable - 5
Accounts payable - related
parties (1) -
Accrued interest - -
Accrued taxes - 3
Other - -
-------------------
(1) 19
-------------------
Non-current Liabilities
Postretirement benefits - 1
Deferred income taxes - 4
Deferred investment tax credit - -
Other - 1
-------------------
- 6
-------------------
Total Stockholders' Equity
and Liabilities $ (222) $ 273
===================
<FN>
(8) Represents CMS Gas Transmission and Storage Company, CMS Grands Lacs Holding Company and CMS Specialty Gas
Processors Company consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENERGY CORPORATION
Consolidating Statement of Retained Earnings
December 31, 1995
(In Millions)
<CAPTION>
Consumers CMS Inter-
Power Enterprises company CMS Energy
CMS Energy Company Company Elimina- Corporation
Corp.(1) Consol. Consol. tions Consol.
<S> <C> <C> <C> <C> <C>
Balance at January 1, 1995 $ (595) $ 80 $ (120) $ 40 $ (595)
Net Income (Loss) 209 255 27 (259) 232
Less Dividends Paid
Common Stock - CMS Energy 80 - - - 80
Class G 4 - - - 4
Preferred Stock - 28 14 (14) 28
Associated Companies 5 70 (14) (61) -
--------------------------------------------------------
89 98 - (75) 112
--------------------------------------------------------
Balance at December 31, 1995 $ (475) $ 237 $ (93) $ (144) $ (475)
========================================================
<FN>
(1) Represents CMS Energy Corporation with Consumers Power Company and CMS Enterprises Company included on the equity
method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CONSUMERS POWER COMPANY
Consolidating Statement of Retained Earnings
December 31, 1995
(In Millions)
<CAPTION>
Michigan Huron CMS Inter- Consumers
Consumers Gas Hydro- Midland CMS company Power
Power Storage carbons Holdings Midland Elimina- Company
Company(2) Company Inc. Company Inc. tions Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Balance at January 1, 1995 $ 80 $ 18 $ 2 $ 18 $ (17) $ (21) $ 80
Net Income (Loss) 255 3 1 6 19 (29) 255
Less Dividends Paid
Common Stock - - - - - - -
Preferred Stock 28 - - - - - 28
Associated Companies 70 - - - - - 70
--------------------------------------------------------------------------------
98 - - - - - 98
--------------------------------------------------------------------------------
Balance at December 31, 1995 $ 237 $ 21 $ 3 $ 24 $ 2 $ (50) $ 237
================================================================================
<FN>
(2) Represents Consumers Power Company, CMS Engineering Company and ES Services Company consolidated with Michigan Gas
Storage Company, CMS Midland Holdings Company, CMS Midland, Inc. and Huron Hydrocarbons, Inc. included on the
equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENTERPRISES COMPANY
Consolidating Statement of Retained Earnings
December 31, 1995
(In Millions)
<CAPTION>
CMS NOMECO CMS CMS
CMS Oil and Generation Utility Monarch CMS Gas CMS Gas
Enterprises Gas Co. Company Services Management Marketing Transmission
Company(3) Consol. Consol. Inc. Company Company Company
<S> <C> <C> <C> <C> <C> <C> <C>
Balance at January 1, 1995 $ (120) $ 152 $ (74) $ (2) $ (2) $ 2 $ 5
Net Income (Loss) 41 24 (1) - 2 2 7
Less Dividends Paid
Common Stock - - - - - - -
Preferred Stock 14 - - - - - -
Associated Companies - - - - - - -
--------------------------------------------------------------------------------
14 - - - - - -
--------------------------------------------------------------------------------
Miscellaneous Adjustments - - - (1) - - -
--------------------------------------------------------------------------------
Balance at December 31, 1995 $ (93) $ 176 $ (75) $ (3) $ - $ 4 $ 12
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENTERPRISES COMPANY
Consolidating Statement of Retained Earnings
December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
Inter- CMS
CMS CMS company Enterprises
Land Capital Elimina- Company
Company Corp. tions Consol.
<S> <C> <C> <C> <C>
Balance at January 1, 1995 $ 1 $ (1) $ (81) $ (120)
Net Income (Loss) 7 - (41) 41
Less Dividends Paid
Common Stock - - - -
Preferred Stock - - - 14
Associated Companies - - - -
--------------------------------------------
- - - 14
--------------------------------------------
Miscellaneous Adjustments - (6) 7 -
--------------------------------------------
Balance at December 31, 1995 $ 8 $ (7) $ (115) $ (93)
============================================
<FN>
(3) Represents CMS Enterprises Company, CMS Electric Marketing Company and KJL Limited, Inc. consolidated with
CMS NOMECO Oil and Gas Company, CMS Generation Company, CMS Utility Services, Inc., CMS Land Company, CMS
Capital Corporation, CMS Gas Marketing Company, CMS Gas Transmission Company and Monarch Management Company
included on the equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Statement of Retained Earnings
December 31, 1995
(In Millions)
<CAPTION>
NOMECO
NOMECO Equatorial NOMECO
CMS NOMECO NOMECO Inter- NOMECO Guinea NOMECO Colombia
Oil and Gas Australia national Ecuador Oil & Gas Holdings Oil
Company(4) Pty. Ltd. Ltd. LDC Co. Ltd. Company
<S> <C> <C> <C> <C> <C> <C> <C>
Balance at January 1, 1995 $ 152 $ 1 $ (2) $ 1 $ 2 $ 5 $ (21)
Net Income (Loss) 24 - (2) 2 2 (1) -
Less Dividends Paid
Common Stock - - - - - - -
Preferred Stock - - - - - - -
Associated Companies - - - - - - -
--------------------------------------------------------------------------------
- - - - - - -
--------------------------------------------------------------------------------
Balance at December 31, 1995 $ 176 $ 1 $ (4) $ 3 $ 4 $ 4 $ (21)
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Statement of Retained Earnings
December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
NOMECO CMS Inter- CMS NOMECO
Exploration NOMECO NOMECO Terra NOMECO company Oil and Gas
(Thailand) China Oil PNG Oil Energy, Interna. Elimina- Company
Limited Company Co. Ltd. Inc. Consol. tions Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Balance at January 1, 1995 $ (7) $ (2) $ (1) $ - $ - $ 24 $ 152
Net Income (Loss) - - - 3 4 (8) 24
Less Dividends Paid
Common Stock - - - - - - -
Preferred Stock - - - - - - -
Associated Companies - - - - - - -
--------------------------------------------------------------------------------
- - - - - - -
--------------------------------------------------------------------------------
Balance at December 31, 1995 $ (7) $ (2) $ (1) $ 3 $ 4 $ 16 $ 176
================================================================================
<FN>
(4) Represents CMS NOMECO Oil and Gas Company, NOMECO Thailand Oil Company, CMS NOMECO Pipeline Company, Explotaciones
Nomeco Inc., NOMECO Venezuela LDC, CMS NOMECO International Venezuela, Inc., CMS NOMECO Peru Company and NOMECO
Argentina LDC consolidated with CMS NOMECO International, Inc. included on the equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO INTERNATIONAL, INC.
Consolidating Statement of Retained Earnings
December 31, 1995
(In Millions)
<CAPTION>
CMS Walter CMS Inter- CMS NOMECO
NOMECO International NOMECO company Oil and Gas
International Congo Inter Eq. Elimina- Company
Inc.(5) Inc. Guinea, Inc. tions Consol.
<S> <C> <C> <C> <C> <C>
Balance at January 1, 1995 $ - $ - $ - $ - $ -
Net Income (Loss) 4 3 2 (5) 4
Less Dividends Paid
Common Stock - - - - -
Preferred Stock - - - - -
Associated Companies - - - - -
---------------------------------------------------------
- - - - -
---------------------------------------------------------
Balance at December 31, 1995 $ 4 $ 3 $ 2 $ (5) $ 4
=========================================================
<FN>
(5) Represents CMS NOMECO International, Inc., Walter International Tunisia, Inc., Walter International Alba LPG and
Walter International Transportation, Inc. consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Statement of Retained Earnings
December 31, 1995
(In Millions)
<CAPTION>
CMSG CMSG CMSG Oxford
CMS Honey Filer CMSG Grayling CMSG Tire
Generation Lake City Holdings Holdings Operating Supply
Co.(6) Company Inc. Company Company Company Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
Balance at January 1, 1995 $ (73) $ 7 $ 3 $ (1) $ 1 $ (1) $ (2)
Net Income (Loss) (4) 4 3 (1) 1 1 (1)
Less Dividends Paid
Common Stock - - - - - - -
Preferred Stock - - - - - - -
Associated Companies 1 2 3 - 1 - -
--------------------------------------------------------------------------------
1 2 3 - 1 - -
--------------------------------------------------------------------------------
Miscellaneous Adjustments 2 - - - - - -
--------------------------------------------------------------------------------
Balance at December 31, 1995 $ (76) $ 9 $ 3 $ (2) $ 1 $ - $ (3)
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Statement of Retained Earnings
December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
HYDRA-CO Centrales Mid- Inter- CMS
CMS Enter- Termicas Michigan company Generation
Generation prises Mendoza Recycling Elimina- Company
S.A. Consol. S.A. L.L.C. tions Consol.
<S> <C> <C> <C> <C> <C> <C>
Balance at January 1, 1995 $ 3 $ - $ - $ - $ (11) $ (74)
Net Income (Loss) - 11 (1) (1) (13) (1)
Less Dividends Paid
Common Stock - - - - - -
Preferred Stock - - - - - -
Associated Companies - 6 - - (13) -
-----------------------------------------------------------------------
- - - - (13) -
-----------------------------------------------------------------------
Miscellaneous Adjustments - - (1) - (1) -
-----------------------------------------------------------------------
Balance at December 31, 1995 $ 3 $ 5 $ (2) $ (1) $ (12) $ (75)
=======================================================================
<FN>
(6) Represents CMS Generation Company, CMSG GP Company, CMSG Filer City Operating Company, CMSG Grayling Company, CMSG
Mon Valley Company, CMS Midland II, CMS Resource Development Company, CMSG Genesee Company, CMSG Recycling
Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, CMSG Investment Company I, CMSG Investment Company II,
CMSG Investment Company III, CMSG Pinamucan LDC, CMSG Cebu LDC, CMSG Cebu Operating LDC Company, CMSG Montreal
Company, CMSG Operating S.A., Cuyana S.A. de Inversiones, OTR Northern California, Inc., OTR Southern California,
Inc., OTR of Bloomfield, Inc., OTR of Massachusetts, Inc., Oxford/CMS Development L.P. and CMSG San Nicolas
Company consolidated with HYDRA-CO Enterprises, Inc. included on the equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
HYDRA-CO ENTERPRISES, INC.
Consolidating Statement of Retained Earnings
December 31, 1995
(In Millions)
<CAPTION>
HYDRA-CO New Inter- HYDRO-CO
Enter- HCE Bern company Enter-
prises, Hudson, Project Elimina- prises
Inc.(7) Inc. Mgt. Inc. tions Consol.
<S> <C> <C> <C> <C> <C>
Balance at January 1, 1995 $ - $ - $ - $ - $ -
Net Income (Loss) 13 - - (2) 11
Less Dividends Paid
Common Stock - - - - -
Preferred Stock - - - - -
Associated Companies 6 - - - 6
------------------------------------------------------------
6 - - - 6
------------------------------------------------------------
Miscellaneous Adjustments (2) 2 1 (1) -
------------------------------------------------------------
Balance at December 31, 1995 $ 5 $ 2 $ 1 $ (3) $ 5
============================================================
<FN>
(7) Represents HYDRA-CO Enterprises, Inc., HCE Appomattox, Inc., HCE Rockfort Diesel, Inc., HCE Imperial Valley, Inc.,
HCE Jamaica Development, Inc., HCE Lakewood, Inc., Lakewood Project Management Inc. and HYDRA-CO Generation Inc.
consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GAS TRANSMISSION AND STORAGE COMPANY
Consolidating Statement of Retained Earnings
December 31, 1995
(In Millions)
<CAPTION>
CMS CMS CMS CMS Inter
CMS Gas CMS Saginaw Gas Gulf Coast Jackson Company
Transmission Antrim Bay Argentina Storage Pipeline Elimina-
Company(8) Company Company Company Company Company tions
<S> <C> <C> <C> <C> <C> <C> <C>
Balance at January 1, 1995 $ 5 $ 6 $ 1 $ - $ - $ 1 $ (8)
Net Income (Loss) 7 5 - 4 1 1 (11)
Less Dividends Paid
Common Stock - - - - - - -
Preferred Stock - - - - - - -
Associated Companies - - - - - 1 (1)
--------------------------------------------------------------------------------
- - - - - 1 (1)
--------------------------------------------------------------------------------
Balance at December 31, 1995 $ 12 $ 11 $ 1 $ 4 $ 1 $ 1 $ (18)
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GAS TRANSMISSION AND STORAGE CORPORATION
Consolidating Statement of Retained Earnings
December 31, 1995
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMS Gas
Transmission
Company
Consol.
<S> <C>
Balance at January 1, 1995 $ 5
Net Income (Loss) 7
Less Dividends Paid
Common Stock -
Preferred Stock -
Associated Companies -
-------
-
-------
Balance at December 31, 1995 $ 12
=======
<FN>
(8) Represents CMS Gas Transmission and Storage Company, CMS Saginaw Bay Lateral Company, CMS Grands Lacs Company and
CMS Specialty Gas Processors Company consolidated.
</TABLE>
<PAGE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR3
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 8,143
<TOTAL-OPERATING-REVENUES> 3,890
<NET-INCOME> 204
</TABLE>
<PAGE>
EXHIBIT C
An organizational chart showing the relationship of each EWG or
foreign utility company to associate companies in the holding company
system.
CENTRAL TERMICA SAN NICOLAS, S.A.:
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
* .1%
CMS Generation San Nicolas Company
*
*
* .1%
Inversora de San Nicolas, S.A.
*
*
* 88%
Central Termica San Nicolas, S.A.
CMS Generation San Nicolas Company, owned .1% by CMS Generation Co., owns
.1% of Inversora de San Nicolas, which in turn owns 88% of Central Termica
San Nicolas, S.A., the EWG.
<PAGE>
<PAGE> 2
An organizational chart showing the relationship of each EWG or
foreign utility company to associate companies in the holding company
system.
HIDROELECTRICA EL CHOCON, S.A.:
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
*** CMS Generation Co.
* *
* *
* * (99%)
* CMS Generation, S.A.
* *
* *
* * 25%
* Hidroinvest, S.A.
* *
* *
* 2.48% * 59%
*************** Hidroelectrica El Chocon, S.A.
CMS Generation Co. directly owns 2.48% of Hidroelectrica El Chocon, S.A.
CMS Generation, S.A., owned 99% by CMS Generation Co., owns 25% of
Hidroinvest which in turn owns 59% of Hidroelectrica El Chocon, S.A., the
EWG.
<PAGE>
<PAGE> 3
An organizational chart showing the relationship of each EWG or
foreign utility company to associate companies in the holding company
system.
LAKEWOOD COGENERATION, L.P.
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
*
-- HYDRA-CO Enterprises, Inc.
Operating & | * *
Maintenance | * *
Agreement | * *
| HCE-Lakewood, Inc. *
| * *
| * *
| * 1% * 44%
------------- Lakewood Cogeneration, L.P.
HYDRA-CO Enterprises, Inc., the wholly owned subsidiary of CMS Generation
Co., owns 100% of HCE-Lakewood, which in turn owns 1% of Lakewood
Cogeneration, L.P., the EWG. Additionally, HYDRA-CO Enterprises, Inc.,
directly owns 44% of Lakewood Cogeneration, L.P., the EWG.
HYDRA-CO Enterprises, Inc., is also the operator of Lakewood Cogeneration,
L.P., the EWG.
<PAGE>
<PAGE> 4
An organizational chart showing the relationship of each EWG or
foreign utility company to associate companies in the holding company
system.
TOLEDO POWER COMPANY
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
* *
* *
* *
CMS Generation Investment Co. I CMS Generation Investment Co. II
* * 99% * 1% *
* * * *
* * * *
* * *
* 99% * * * 1%
CMS Generation Cebu Limited CMS Generation Cebu Operating
Duration Company Limited Duration Company
* |
* | Operator
* 32.5% |
Toledo Power Company
CMS Generation Cebu Limited Duration Company, owned 99% by CMS Generation
Investment Co. I and 1% by CMS Generation Investment Co. II, owns 32.5% of
Toledo Power Company, the EWG.
CMS Generation Cebu Operating Limited Duration Company is the operator of
Toledo Power Company, the EWG.
<PAGE>
<PAGE> 5
An organizational chart showing the relationship of each EWG or
foreign utility company to associate companies in the holding company
system
CENTRALES TERMICAS MENDOZA, S.A.
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
* *
* 99% * 99%
CMS Operating, S.A. CMS Ensenada, S.A.
| * *
| * *
| * 99% * 1%
Operating & | Cuyana de Inversiones
Maintenance | *
Agreement | *
| * 80.55%
| Centrales Termicas Mendoza, S.A.
CMS Operating, S.A., owned 99% by CMS Generation Co., owns 99% of Cuyana
de Inversiones. CMS Ensenada, S.A., owned 99% by CMS Generation Co., owns
1% of Cuyana de Inversiones. Cuyana de Inversiones owns 80.55% of
Centrales Termicas Mendoza, S.A., the EWG.
CMS Operating, S.A., is also the operator of Centrales Termicas Mendoza,
S.A., the EWG.
<PAGE>
|
|