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REVISED PRICING SUPPLEMENT NO. 123 DATED Filed Pursuant to
JANUARY 23, 1997 TO PROSPECTUS DATED Rule 424(b)(5)
MARCH 19, 1996, AS SUPPLEMENTED BY File No. 333-01261
PROSPECTUS SUPPLEMENTS DATED
MARCH 29, 1996
CMS ENERGY CORPORATION
General Term Notes (servicemark of J.W. Korth & Company), Series B
Due 9 Months to 25 Years from date of issue
Pursuant to the terms of a Distribution Agreement as supplemented
by certain letter agreements, the Company has appointed the Agents
referred to below as agents through which General Term Notes (servicemark
of J.W. Korth & Company) (the "Notes") may be offered by the Company on a
continuous basis. Additional Agents may be designated under the
Distribution Agreement from time to time. Except as set forth herein, the
Notes offered hereby have such terms as are described in the accompanying
Prospectus dated March 19, 1996, as supplemented by the Prospectus
Supplements dated March 29, 1996.
Aggregate Principal Amount: $ 879,000.00
Original Issue Date (Settlement Date) January 28, 1997
Stated Maturity Date: January 15, 2004
Issue Price to Public: 100.00% of Principal Amount
Interest Rate: 8.000% Per Annum
Interest Payment Dates: January 15 and July 15 and semi-
annually thereafter Commencing
July 15, 1997
Survivor's Option: [ X ] Yes [ ] No
Optional Redemption: [ X ] Yes [ ] No
Initial Redemption Date: January 15, 1999
Redemption Price: Initially 101.00% of Principal
Amount and 100.00% after the first
anniversary of the Initial
Redemption Date.
Agent Principal Amount of Notes
Solicited by Each Agent
Prudential Securities Incorporated $ 278,000.00
First of Michigan Corporation $ 82,000.00
J.W. Korth & Company $ 519,000.00
Total $ 879,000.00
Per Note
Sold by Agents
To Public Total
Issue Price: $ 1,000.00 $ 879,000.00
Agent's Discount or Commission: $ 7.00 $ 6,153.00
Maximum Dealer's Discount or
Selling Concession: $ 18.50 $ 16,261.50
Proceeds to the Company: $ 974.50 $ 856,585.50
CUSIP Number: 12589QQD1
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