<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 28, 1997
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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 $4.33 billion (sales) energy company with subsidiaries engaged in
electric utility operations, gas utility operations, oil and gas explor-
ation and production, the acquisition, development and operation of
independent power production facilities, energy marketing 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 1.6 million customers in 61 of the
68 counties in the Lower Peninsula and gas
service to approximately 1.5 million customers
and is authorized to serve gas in 54 of the 68
counties in the Lower Peninsula.
(b) CMS Enterprises Company has fourteen (14) direct
subsidiaries. The name, state of organization and nature of business of
each subsidiary and their subsidiaries are described below:
CMS Capital Corp.
A Michigan corporation formed to assist in
securing financing for CMS Energy Corporation and
its subsidiaries.
CMS Comercializadora de Energia S.A. (99%)
An Argentine company engaged in gas and electric
marketing operations in Argentina.
CMS Electric and Gas Company
A Michigan corporation involved in purchasing, investing
and/or operating international gas and electric
distribution systems worldwide.
CMS Entre Rios Distribution Company
A Michigan corporation involved in investing in
gas and electric distribution systems in
Argentina.
Inversora en Distribucion de Entre Rios S.A. (40%)
An Argentine company involved in investing in
electric distribution facilities.
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
North and South America.
CMS Energy Asia Private Limited
A Singapore corporation involved in the development of
generation and distribution of electricity in Asia and the
Pacific Rim.
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 twelve (12) subsidiaries:
Cherokee Gas Processing, L.L.C. (82% member)
An Oklahoma limited liability company formed to
acquire the Lucien gathering system located near
Enid, Oklahoma.
CMS Antrim Gas Company
A Michigan corporation formed to design,
construct and operate the Central Carbon
Dioxide Removal Plant in Otsego County,
Michigan.
CMS Gas Argentina Company
A Cayman Islands company with an equity
interest in Transportadora de Gas del
Norte S.A., an Argentine corporation,
which provides natural gas transmission
services to the northern and central
parts of Argentina.
- Transportadora de Gas del Norte S.A.(TGN)
(25%)
CMS Gas Transmission del Sur Company
A Cayman Islands company which owns 99% of
Gasoducto Atacama Compania Limitada, a Chilean
limited liability company, which owns a pipeline
project located in Northern Chile and 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 formerly 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
General 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.
Nitrotec Corporation (50%)
A Delaware corporation formed to invest in plants
that extract helium from natural gas.
Petal Gas Storage Company
A Delaware corporation providing a high
deliverability "peaking" natural gas storage
cavern with a capacity of 3.2 billion cubic feet
of natural gas.
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 Termicas S.A. (99%)
An Argentine company formed to own an
interest in a 240 megawatt (net) natural
gas/fuel oil-fired electric power plant
near Mendoza, Argentina.
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 which owns a
36 megawatt (net) waste-wood fueled power
plant in Grayling, Michigan. Grayling
Generating Station Limited Partnership
owns GGS Holdings Company, a Michigan
corporation, which is 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
and in the following companies:
- GPS Newco, L.L.C., a Kansas limited
liability company (50% member)
- McCook Cogeneration Station, L.L.C.,
a Michigan limited liability company (50%
member)
- Metro East, L.L.C., a Michigan limited
liability company (50% member)
- Moose River Properties, Inc., a Delaware
corporation (50%)
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 twelve (12)
direct subsidiaries that engage in the
construction, ownership or operation of
various power projects in the
Philippines, India and Morocco:
- CMS Generation Cebu Operating
Limited Duration Company, a
Cayman Islands company (99%)
- CMS Generation Jegurupadu I
Limited Duration Company, a
Cayman Islands company (99%)
- Jegurupadu O&M Company
Mauritius, a Mauritius
company (50%)
- Jegurupadu Operating &
Maintenance Company
(60%)
- CMS Generation Jegurupadu II
Limited Duration Company, a
Cayman Islands company (99%)
- Jegurupadu O&M Company Mauritius,
a Mauritius company (50%)
- CMS Generation Jorf Lasfar I
Limited Duration Company, a
Cayman Islands company (99%)
- Jorf Lasfar I HB (50%)
- Jorf Lasfar Energy Company (50%)
- Jorf Lasfar Power Energy HB (50%)
- Jorf Lasfar Handelsbolag (50%)
- CMS Generation Jorf Lasfar II
Limited Duration Company, a
Cayman Islands company (99%)
- Jorf Lasfar I HB (50%)
- Jorf Lasfar Energy Company (50%)
- Jorf Lasfar Power Energy HB (50%)
- Jorf Lasfar Handelsbolag (50%)
- CMS Generation Jorf Lasfar III
Limited Duration Company, a Cayman
Islands company (50%)
- CMS Generation Pinamucan Limited
Duration Company, a Cayman
Islands company (99%)
- CMS Generation Pinamucan
Operating Limited Duration
Company, a Cayman Islands company
(99%)
- CMS Generation Yallourn Holdings 1 Ltd.,
a Cayman Islands company (99%)
- CMS Generation Yallourn
Limited Duration Company (50%)
- CMS Generation Yallourn Holdings 2 Ltd.,
a Cayman Islands company (99%)
- CMS Generation Yallourn II
Limited Duration Company (50%)
- Vic Energy No. 1 Pty.
Ltd. (50%)
- Vic Energy No. 2 Pty.
Ltd. (50%)
- CMS Operation & Maintenance
Company, Mauritius, a Mauritius
company (99%)
- ST-CMS Electric Company
Mauritius, a Mauritius company
(99%)
- 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, in
addition to the companies listed below:
- CMS Generation Yallourn Limited
Duration Company, a Cayman Islands
company (50%)
- CMS Generation Yallourn II Limited
Duration Company, a Cayman Islands
company (50%)
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 direct subsidiary with an
ownership interest in GVK.
- Jegurupadu CMS Generation Company
Ltd., a Mauritius company
- GVK Industries Ltd., an India
company (18.75%)
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 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 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 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 International Operating Company
A Cayman Islands corporation which owns and
controls project Operating and Maintenance
companies.
- CMS Generation Jorf Lasfar III Limited
Duration Company (50%)
- Jorf Lasfar Operations Handelsbolag (99%)
CMS Resource Development Company
A Michigan corporation that employs ex-
patriot U.S. citizens working on various
overseas projects.
Exeter Management Company (50%)
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 seven states and in Jamaica:
- CMS Generation Operating Company
II, Inc., a New York corporation
- HCO-Jamaica, Inc., a New
York corporation,
- HCE-Appomattox, Inc., a New York
corporation,
- HCE-Biopower, Inc., a New York
corporation,
- HCE-Hazleton, 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.
Mid-Michigan Recycling, L.C.
A Michigan limited liability company involved in
supplying waste wood fuel for the Genesee Power
Station Limited Partnership.
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% member)
CMS Marketing, Services and Trading Company
A Michigan corporation involved in providing gas,
electric, oil and coal marketing, risk management and
energy management services.
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 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 six subsidiaries that engage
in the exploration and production of oil
and natural gas in Africa and the Middle
East:
- CMS NOMECO International Congo Holdings,
Inc., a Texas corporation
- CMS NOMECO Congo, Inc., a
Delaware corporation
- CMS NOMECO International Equatorial
Guinea, Inc., a Texas corporation
- CMS NOMECO International Ghana, Inc., a
Texas corporation
- CMS NOMECO International Transportation,
Inc., a Texas Corporation
- CMS NOMECO International Tunisia, Inc., a
Texas Corporation
- CMS NOMECO International
Venezuela, 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 Inc. (41.25%)
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 China Oil Co.
A Michigan corporation formed to pursue
oil and natural gas exploration and
production opportunities in China.
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 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.
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 Natural 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 directly owned 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:
1996 Summer Net 1996 Net
Demonstrated Generation
Name and Location Capability (Thousands of
(Michigan) (Kilowatts) Kilowatt-hours)
- ------------------------- --------------- ---------------
Coal Generation
J H Campbell - West Olive 1,346,100(A) 8,168,527
D E Karn - Essexville 515,000 3,324,179
B C Cobb - Muskegon 296,000 1,931,212
J R Whiting - Erie 310,000 1,796,964
J C Weadock - Essexville 310,000 1,706,846
--------- ----------
Total 2,777,100 16,927,728
--------- ----------
Oil/Gas Generation
D E Karn - Essexville 1,276,000 428,567
Ludington Pumped Storage 954,700(B) (418,371)(C)
Nuclear Generation
Palisades - South Haven 762,000 5,290,683
Big Rock Point - Charlevoix 67,000 362,303
--------- ----------
Total 829,000 5,652,986
--------- ----------
Gas/Oil Combustion Turbine
Generation 345,000 9,373
--------- ---------
Hydro Generation 73,800 472,892
--------- ---------
Total Owned Generation 6,255,600 23,073,175
========== ==========
(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 4,433 structural miles of overhead lines and 4
subsurface miles. The subtransmission system consists of
4,132 structural miles and 16 subsurface miles of
underground lines. The distribution system consists of
52,071 structural miles of overhead lines and 5,722
subsurface miles of underground lines.
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Consumers owns substations having an aggregate
transformer capacity of 37,847,720 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.(1)
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, 1996, 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 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 22,309 miles of distribution mains
and 1,041 miles of transmission lines, throughout the
Lower Peninsula of Michigan. Consumers owns and
operates six compressor stations with a total of
110,140 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,
_____________________
(1) 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> 16
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 37,051,271,040 kWh of electric energy
for the year ended December 31, 1996 and sold 266,575,141 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 366,925,364 kWh of electric
energy across state lines under interchange power agreements for the year
ended December 31, 1996. 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, 1996, Consumers
purchased 2,246,365,000 kWh of electric energy outside the State of
Michigan or at the State line of Michigan and Consumers purchased
217,681,000 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, 1996, CMS Energy had interests in
six EWGs and one foreign utility company:
CMS Ensenada S.A. ("Ensenada")
Alsina 495, 5th Floor
Buenos Aires 1087, Argentina
Ensenada, an Argentine company, is an EWG and is
owner of a 128 MW natural gas-fired power plant, currently under
construction, located on the grounds of YPF S.A.'s La Plata oil refinery,
located in the province of Buenos Aires, Argentina.
CMS Generation Cebu Limited Duration Company ("Cebu")
Maples and Calder
P.O. Box 309, Grand Cayman
Cayman Islands, British West Indies
Cebu, a Cayman Islands company, is an EWG and has
ownership interests in two power plants totaling 134.5 MW generating
capacity located in Toledo City, Cebu, Philippines, in the central island
group of the Republic of the Philippines. The plants can be fueled by
coal, oil or diesel fuel.
CMS Operating S.A.
Alsina 495, 5th Floor
Buenos Aires 1087, Argentina
CMS Operating S.A., an Argentina company, is an EWG
and has ownership interest in Ensenada (see above); and has ownership
interests in two power plants located in Mendoza, Argentina, which have a
nameplate generating capacity of 394 MW and can be fueled by natural gas,
oil or diesel fuel.
Centrales Termicas San Nicolas, S.A. ("CTSN")
Rivadavia S/N
2900 San Nicolas
Prov. Buenos Aires, Argentina
CTSN, an Argentine company, is an EWG and is owner
and operator of a 650 MW power plant located in San Nicolas, Argentina,
north of Buenos Aires, Argentina. The five-unit plant can be fueled by
coal, petroleum coke, oil or natural gas.
Empresa Distribuidora de Electricidad de Entre Rios S.A.
("EDEER")
25 de Mayo 139 (3100)
Parana, Entre Rios, Argentina
EDEER, an Argentine company, is a foreign utility
company and owns and operates an electric distribution company located
North of Buenos Aires, in the Province of Entre Rios, Argentina, serving
approximately 223,000 customers.
Hidroelectrica El Chocon, S.A. ("Hidroelectrica")
8311 Neuquen
Neuquen Province, Argentina
Hidroelectrica, an Argentine company, is an EWG and
holds a thirty-year concession to operate two hydroelectric power plants
located 26 kilometers apart on the Limay River in western Argentina.
These plants have a total generating capacity of 1,320 MW.
Lakewood Cogeneration, L.P. ("Lakewood")
123 Energy Way
Lakewood, New Jersey 08701
Lakewood, a Delaware limited partnership, is an EWG
and 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.
(b) Name of each system company that holds an interest in such
EWG or foreign utility company; and description of the interest held.
Ensenada
CMS Operating S.A. and CMS Generation Holdings Co.,
own 99% and 1%, respectively, Ensenada. See Exhibit C.
Cebu
CMS Generation Investment Company I and
CMS Generation Investment Company II, own 99% and 1%, respectively, Cebu.
See Exhibit C.
CMS Operating S.A.
CMS Generation Co. and CMS Generation Holdings
Company, owns 99% and 1%, respectively of CMS Operating S.A. See
Exhibit C.
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.
EDEER
In May 1996, Inversora en Distribucion de Entre Rios
S.A. purchased 90% of the shares of EDEER. CMS Electric and Gas Company
owns 40% of the shares of Inversora en Distribucion de Entre Rios S.A.
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. 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.
Ensenada
As of December 31, 1996, CMS Operating S.A. has
invested approximately $56 million of equity in Ensenada.
Cebu
As of December 31, 1996, CMS Generation Investment
Company I and CMS Generation Investment Company II had invested
approximately $16 million of equity in Cebu.
CMS Operating S.A.
As of December 31, 1996, CMS Generation Co. had
invested approximately $124 million of equity in CMS Operating S.A.
CTSN
As of December 31, 1996, 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.
EDEER
As of December 31, 1996, CMS Electric and Gas Company
had invested approximately $64 million in equity in EDEER S.A.
Hidroelectrica
As of December 31, 1996, CMS Generation, S.A. had
invested approximately $51 million of equity in, and advanced
approximately $17 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 $13 million in connection with the
Guaranteed Indebtedness Credit Agreement dated as of December 15, 1993
between Hidroelectrica and The Chase Manhattan Bank.
Lakewood
As of December 31, 1996, HCE-Lakewood, Inc. had
invested $510,000 of equity in Lakewood. HYDRA-CO Enterprises, Inc. had
invested $22,444,000 of equity in Lakewood.
(d) Capitalization and earnings of the EWG or foreign utility
company during the reporting period.
Ensenada
(000s)
---------
Capitalization at 12/31/96
Shareholders' Equity $ 12
Irrevocable Contributions $ 55,722
---------
Total $ 55,734
=========
Net Income (Loss) for the period
ended 12/31/96 $ N/A*
=========
*Not Applicable - Plant not operational
Cebu
(000s)
--------
Capitalization at 12/31/96
Shareholders' Equity $ 16,000
========
Net Income (Loss) for the
period ended 12/31/96 $ 574
========
CMS Operating S.A.
(000s)
--------
Capitalization at 12/31/96
Shareholders Equity $ 35,449
Irrevocable Contributions $ 87,098
--------
Total $122,547
========
Net Income (Loss) for the
period ended Dec.31,1996 $ (102)
========
*CTSN:
(000s)
---------
Capitalization at 12/31/96
Bank Loans $
Long Term Debt (Partners Loans) $
Shareholders' Equity
---------
Total Capitalization $
=========
Net Income (Loss) for the
period ended 12/31/96 $
=========
* As stated in Claimant's Form U-3A-2 filed February 29, 1996,
due to the nominal interest (.016%) of CTSN indirectly owned
by CMS Generation Co., capitalization and earnings
information of CTSN continues to be unavailable.
EDEER
Capitalization at 12/31/96 (000s)
----------
Shareholders' Equity $ 182,954
========
Net Income for the period
Ended 12/31/96 $ 4,495
========
Hidroelectrica:
(000s)
----------
Capitalization at 12/31/96
Bank Loans $ 151,440
Shareholders' Equity 384,417
----------
Total Capitalization $ 535,857
==========
Net Income (Loss) for the
period ended 12/31/96 $ (2,877)
==========
Lakewood
(000s)
--------
Capitalization at 12/31/96
Bank Loans $202,395
Shareholders' Equity 45,568
--------
Total Capitalization $247,963
========
Net Income (Loss) for the
period ended 12/31/96 $ 6,401
========
(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, 1996, Empresa de Energia y Vapor S.A. and
CMS Ensenada S.A. - Union Transitoria de Empresas (U.T.E.)- maintains a 7
year Operating and Maintenance Agreement with CMS Operating S.A. to
operate and maintain the cogeneration plant being constructed by U.T.E.
This agreement is in effect from the date U.T.E. receives the plant from
the EPC contractor, and gives notice to the operator. No fees were earned
in 1996.
As of December 31, 1996, Toledo Power Company, owned 47.5%
by Cebu, has an operating agreement, effective January 1, 1996, with
CMS Generation Cebu Operating Limited Duration Company, which is owned 99%
by CMS Generation Investment Company I and 1% by CMS Generation Investment
Company II. Total fees earned for 1996 were $750,000.
As of December 31, 1996, Centrales Termicas Mendoza, S.A.,
has a Contract of Operation with CMS Operating S.A.. This is a consulting
contract in connection with the operation and maintenance of the eligible
facility. Total fees earned in 1996 were $515,000.
As of December 31, 1996, EDEER has a Management, Supervision
and Technical Assistance Contract with CMS Operating S.A. This is a
consulting contract in connection with the operation and maintenance of
the foreign utility. No fees were earned in 1996.
As of December 31, 1996, 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 1996 were:
Operator Fees $ 473,000
Administrative Fees 304,000
Project Management Fees 156,000
-----------
Total Fees $ 933,000
===========
<PAGE>
<PAGE> 23
The above-named Claimant has caused this statement
to be duly executed on its behalf by its authorized officer on this 28th
day of February, 1997.
CMS ENERGY CORPORATION, a
Michigan corporation
[CORPORATE SEAL] By /s/ Rodger A. Kershner
-------------------------------
Rodger A. Kershner
Senior Vice President and
General Counsel
ATTEST:
/s/ T. 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, 1996
(In Millions, except Per Share Amounts)
<CAPTION>
Consumers CMS Inter-
Power Enterprises companyCMS Energy
CMS Energy Company Company Elimina-Corporation
Corp.(1) Consol. Consol. tions Consol.
<S> <C> <C> <C> <C> <C>
Operating Revenue
Electric utility $ - $2,446 $ - $ - $2,446
Gas utility - 1,282 - - 1,282
Oil and gas exploration
and production - - 151 (21) 130
Independent power production - 40 100 - 140
Natural gas transmission,
storage and marketing - - 325 (5) 320
Other - 2 16 (3) 15
-------------------------------------------------------------------
Total operating revenue - 3,770 592 (29) 4,333
-------------------------------------------------------------------
Operating Expenses
Fuel for electric generation - 296 - - 296
Purchased power -
related parties - 589 - - 589
Purchased and interchange
power - 202 - - 202
Cost of gas sold - 750 273 (26) 997
Other operation expense 14 600 140 (3) 751
Maintenance - 174 4 - 178
Depreciation, depletion
and amortization 1 371 69 - 441
General taxes - 191 11 - 202
-------------------------------------------------------------------
Total operating expenses 15 3,173 497 (29) 3,656
-------------------------------------------------------------------
Pretax Operating Income (Loss) (15) 597 95 - 677
-------------------------------------------------------------------
Other Income (Deductions)
Dividends from affiliates - 17 2 (19) -
Accretion income - 10 - - 10
Accretion expense - (22) - - (22)
Other, net 313 (4) 5 (313) 1
-------------------------------------------------------------------
Total other income
(deductions) 313 1 7 (332) (11)
-------------------------------------------------------------------
Fixed Charges
Interest on long-term debt 71 139 20 - 230
Other interest 14 15 8 (8) 29
Capitalized interest - (2) (6) - (8)
Preferred dividends - 28 14 (14) 28
Preferred securities distributions - 8 - - 8
-------------------------------------------------------------------
Net fixed charges 85 188 36 (22) 287
-------------------------------------------------------------------
Income (Loss) Before Income Taxes 213 410 66 (310) 379
-------------------------------------------------------------------
Income Taxes (32) 150 21 - 139
-------------------------------------------------------------------
Consolidated Net Income (Loss) before
Common Stock Dividends 245 260 45 (310) 240
Dividends on Common Stock 108 200 - (205) 103
-------------------------------------------------------------------
Consolidated Net Income (Loss) after
Common Stock Dividends $ 137 $ 60 $ 45 $ (105) $ 137
===================================================================
Average Number of CMS Energy Common Shares Outstanding 92,462
Earnings Per CMS Energy Average Common Share $ 2.45
<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, 1996
(In Millions)
<CAPTION>
Michigan Huron CMS Inter-Consumers
Consumers Gas Hydro- Midland CMS company Power
Energy 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 $2,446 $ - $ - $ - $ - $ - $2,446
Gas 1,277 20 - - - (15) 1,282
Other 1 - 2 8 32 (1) 42
--------------------------------------------------------------------------------
Total operating revenue3,724 20 2 8 32 (16) 3,770
--------------------------------------------------------------------------------
Operating Expenses
Fuel for electric generation296 - - - - - 296
Purchased power -
related parties 589 - - - - - 589
Purchased and interchange
power 202 - - - - - 202
Cost of gas sold 765 - - - - (15) 750
Other operation expense 593 8 - - - (1) 600
Maintenance 170 4 - - - - 174
Depreciation, depletion
and amortization 369 1 - - 1 - 371
General taxes 189 2 - - - - 191
--------------------------------------------------------------------------------
Total operating expenses3,173 15 - - 1 (16) 3,173
--------------------------------------------------------------------------------
Pretax Operating Income 551 5 2 8 31 - 597
--------------------------------------------------------------------------------
Other Income (Deductions)
Dividends from affiliates17 - - - - - 17
Accretion income 10 - - - - - 10
Accretion expense (22) - - - - - (22)
Other, net 38 - - - - (42) (4)
--------------------------------------------------------------------------------
Total other income
(deductions) 43 - - - - (42) 1
--------------------------------------------------------------------------------
Interest Charges
Interest on long-term debt139 - - - - - 139
Other interest 24 - - - - (9) 15
Capitalized interest (2) - - - - - (2)
--------------------------------------------------------------------------------
Net interest charges 161 - - - - (9) 152
--------------------------------------------------------------------------------
Income (Loss) Before Income Taxes4335 2 8 31 (33) 446
--------------------------------------------------------------------------------
Income Taxes 135 2 1 1 11 - 150
--------------------------------------------------------------------------------
Net Income (Loss) 298 3 1 7 20 (33) 296
Preferred Stock Dividends 28 - - - - - 28
Preferred Securities Distribution8 - - - - - 8
--------------------------------------------------------------------------------
Net Income (Loss) Available
to Common Stockholder 262 3 1 7 20 (33) 260
Dividends on Common Stock 200 5 - - - (5) 200
--------------------------------------------------------------------------------
Net Income (Loss) After Common
Dividends $ 62 $ (2) $ 1 $ 7 $ 20 $ (28) $ 60
================================================================================
<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 Statement of Income
For the Year Ended December 31, 1996
(In Millions)
<CAPTION>
CMS NOMECO CMS CMS CMS Gas
CMS Oil andGeneration Utility CMS CMS GasTrans. &
EnterprisesGas Co. Co. Services Land MarketingStor. Co.
Company(3)Consol. Consol. Inc. CompanyCompany Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Revenue
Oil and gas exploration
and production $ - $ 152 $ - $ - $ - $ - $ -
Independent power production- - 100 - - - -
Natural gas transmission, storage
and marketing - - - - - 267 62
Other - - - 8 5 - -
--------------------------------------------------------------------------------
Total operating revenue - 152 100 8 5 267 62
--------------------------------------------------------------------------------
Operating Expenses
Cost of gas sold - - - - - 261 16
Other operation expense 6 49 65 6 - 3 10
Maintenance - 3 - - - - 1
Depreciation, depletion
and amortization - 54 7 1 - - 7
General taxes - 7 1 - - 1 2
--------------------------------------------------------------------------------
Total operating expenses6 113 73 7 - 265 36
--------------------------------------------------------------------------------
Pretax Operating Income (Loss)(6) 39 27 1 5 2 26
--------------------------------------------------------------------------------
Other Income (Deductions)
Dividends from affiliates 2 - - - - - -
Other, net 62 2 2 - - - -
--------------------------------------------------------------------------------
Total other income
(deductions) 64 2 2 - - - -
--------------------------------------------------------------------------------
Fixed Charges
Interest on long-term debt- 10 9 - - - 1
Other interest - 6 2 - - - -
Capitalized interest - (4) (2) - - - -
Preferred dividends 14 - - - - - -
--------------------------------------------------------------------------------
Net fixed charges 14 12 9 - - - 1
--------------------------------------------------------------------------------
Income (Loss) Before Income Taxes4429 20 1 5 2 25
--------------------------------------------------------------------------------
Income Taxes (2) 2 10 1 2 - 8
--------------------------------------------------------------------------------
Net Income (Loss) $ 46 $ 27 $ 10 $ - $ 3 $ 2 $ 17
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENTERPRISES COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMS Inter- CMS
Electric CMS company Enterprises
& Gas Capital Elimina- Company
Company Corp. tions Consol.
<S> <C> <C> <C> <C>
Operating Revenue
Oil and gas exploration
and production $ - $ - $ (1) $ 151
Independent power production- - - 100
Natural gas transmission, storage
and marketing - - (4) 325
Other 2 1 - 16
--------------------------------------------
Total operating revenue 2 1 (5) 592
--------------------------------------------
Operating Expenses
Cost of gas sold - - (4) 273
Other operation expense 1 1 (1) 140
Maintenance - - - 4
Depreciation, depletion
and amortization - - - 69
General taxes - - - 11
--------------------------------------------
Total operating expenses1 1 (5) 497
--------------------------------------------
Pretax Operating Income (Loss)1 - - 95
--------------------------------------------
Other Income (Deductions)
Dividends from affiliates - - - 2
Other, net - 2 (63) 5
--------------------------------------------
Total other income
(deductions) - 2 (63) 7
--------------------------------------------
Fixed Charges
Interest on long-term debt- - - 20
Other interest - 1 (1) 8
Capitalized interest - - - (6)
Preferred dividends - - - 14
--------------------------------------------
Net fixed charges - 1 (1) 36
--------------------------------------------
Income (Loss) Before Income Taxes1 1 (62) 66
--------------------------------------------
Income Taxes - - - 21
--------------------------------------------
Net Income (Loss) $ 1 $ 1 $ (62) $ 45
============================================
<FN>
(3) Represents CMS Enterprises Company, Monarch Management 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 and Storage Company, CMS Electric and Gas
Company and CMS Capital Corporation 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, 1996
(In Millions)
<CAPTION>
CMS NOMECO
CMS CMS Equatorial NOMECO
NOMECO NOMECO NOMECO Terra Guinea CMS NOMECOColombia
Oil and GasAustraliaInternationalEnergy,Oil & GasVenezuelaOil
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 $ 65 $ 1 $ 31 $ 16 $ 8 $ 4 $ 1
Other - - - - - - -
--------------------------------------------------------------------------------
Total operating revenue65 1 31 16 8 4 1
--------------------------------------------------------------------------------
Operating Expenses
Cost of products sold - - - - - - -
Other operation expense 20 - 15 1 1 3 1
Maintenance 3 - - - - - -
Depreciation, depletion
and amortization 32 - 4 5 1 2 1
General taxes 6 - - 1 - - -
--------------------------------------------------------------------------------
Total operating expenses61 - 19 7 2 5 2
--------------------------------------------------------------------------------
Pretax Operating Income 4 1 12 9 6 (1) (1)
--------------------------------------------------------------------------------
Other Income (Deductions) 23 - - 1 - - -
--------------------------------------------------------------------------------
Fixed Charges
Interest on long-term debt9 - 1 - - - -
Other interest 2 - - - - 1 -
Capitalized interest - - - - - (1) -
--------------------------------------------------------------------------------
Net fixed charges 11 - 1 - - - -
--------------------------------------------------------------------------------
Income (Loss) Before Income Taxes16 1 11 10 6 (1) (1)
--------------------------------------------------------------------------------
Income Taxes (12) 1 4 2 3 - -
--------------------------------------------------------------------------------
Net Income (Loss) $ 28 $ - $ 7 $ 8 $ 3 $ (1) $ (1)
================================================================================
<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, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMS NOMECO CMS Explota- Inter-CMS NOMECO
Inter- NOMECO ciones companyOil 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 $ - $ 20 $ 6 $ - $ 152
Other - - - - -
--------------------------------------------------------
Total operating revenue - 20 6 - 152
--------------------------------------------------------
Operating Expenses
Cost of products sold - - - - -
Other operation expense - 6 2 - 49
Maintenance - - - - 3
Depreciation, depletion
and amortization - 7 2 - 54
General taxes - - - - 7
--------------------------------------------------------
Total operating expenses- 13 4 - 113
--------------------------------------------------------
Pretax Operating Income - 7 2 - 39
--------------------------------------------------------
Other Income (Deductions) 4 - - (26) 2
--------------------------------------------------------
Fixed Charges
Interest on long-term debt- - - - 10
Other interest 3 3 - (3) 6
Capitalized interest - (3) - - (4)
--------------------------------------------------------
Net fixed charges 3 - - (3) 12
--------------------------------------------------------
Income (Loss) Before Income Taxes1 7 2 (23) 29
--------------------------------------------------------
Income Taxes - 3 1 - 2
--------------------------------------------------------
Net Income (Loss) $ 1 $ 4 $ 1 $ (23) $ 27
========================================================
<FN>
(4) Represents CMS NOMECO Oil and Gas Company, NOMECO China Oil Co., NOMECO Thailand Oil Company, CMS NOMECO Pipeline
Company, 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, 1996
(In Millions)
<CAPTION>
CMS CMS NOMECO CMS Inter- CMS NOMECO
NOMECOInternationalNOMECO Company Inter.,
InternationalCongo,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 $ - $ 24 $ 7 $ - $ 31
Other - - - - -
------------------------------------------------------------
Total operating revenue - 24 7 - 31
------------------------------------------------------------
Operating Expenses
Cost of products sold - - - - -
Other operation expense 1 13 1 - 15
Maintenance - - - - -
Depreciation, depletion
and amortization - 3 1 - 4
General taxes - - - - -
------------------------------------------------------------
Total operating expenses1 16 2 - 19
------------------------------------------------------------
Pretax Operating Income (Loss)(1) 8 5 - 12
------------------------------------------------------------
Other Income (Deductions) 8 - - (8) -
------------------------------------------------------------
Fixed Charges
Interest on long-term debt- 1 - - 1
Other interest - - - - -
Capitalized interest - - - - -
------------------------------------------------------------
Net fixed charges - 1 - - 1
------------------------------------------------------------
Income (Loss) Before Income Taxes7 7 5 (8) 11
------------------------------------------------------------
Income Taxes - 2 2 - 4
------------------------------------------------------------
Net Income (Loss) $ 7 $ 5 $ 3 $ (8) $ 7
============================================================
<FN>
(5) Represents CMS NOMECO International, Inc., CMS NOMECO International Tunisia, Inc., CMS NOMECO Alba LDC and
CMS NOMECO International Transportation, Inc. consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 1996
(In Millions)
<CAPTION>
CMSG CMSG HYDRA-CO CMSG Oxford
CMS Honey Filer Enter- Grayling CMSG Tire
Generation Lake City prises, HoldingsOperating Supply
Co.(6) Company Inc. Consol. Company Company Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Revenue
Independent power production$ 1$ 7$ 3 $ 35 $ 2 $ 1 $ 3
Other - - - - - - -
--------------------------------------------------------------------------------
Total operating revenue 1 7 3 35 2 1 3
--------------------------------------------------------------------------------
Operating Expenses
Other operation expense 13 - - 18 - - 3
Depreciation, depletion
and amortization 1 - - 3 - - -
General taxes 1 - - - - - -
--------------------------------------------------------------------------------
Total operating expenses15 - - 21 - - 3
--------------------------------------------------------------------------------
Pretax Operating Income (Loss)(14) 7 3 14 2 1 -
--------------------------------------------------------------------------------
Other Income (Deductions) 25 - - 1 - - -
--------------------------------------------------------------------------------
Fixed Charges
Interest on long-term debt8 - - - - - -
Other interest 2 - - - - - -
Capitalized interest (2) - - - - - -
--------------------------------------------------------------------------------
Net fixed charges 8 - - - - - -
--------------------------------------------------------------------------------
Income (Loss) Before Income Taxes3 7 3 15 2 1 -
--------------------------------------------------------------------------------
Income Taxes (7) 3 1 7 1 - -
--------------------------------------------------------------------------------
Net Income (Loss) $ 10 $ 4 $ 2 $ 8 $ 1 $ 1 $ -
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
Centrales Mid- CMS CMS CMS
CMSG CMS Termicas MichiganGenerationGeneration Generation
HoldingGenerationMendozaRecyclingInv. Co. Cebu Cebu Oper.
Company S.A. S.A. L.L.C. I LDC LDC
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Revenue
Independent power production $ 15$ (2)$ 26$ 5 $ 1 $ 2 $ 1
Other - - - - - - -
--------------------------------------------------------------------------------
Total operating revenue 15 (2) 26 5 1 2 1
--------------------------------------------------------------------------------
Operating Expenses
Other operation expense - - 23 5 - 1 1
Depreciation, depletion
and amortization - - 3 - - - -
General taxes - - - - - - -
--------------------------------------------------------------------------------
Total operating expenses - - 26 5 - 1 1
--------------------------------------------------------------------------------
Pretax Operating Income (Loss) 15 (2) - - 1 1 -
--------------------------------------------------------------------------------
Other Income (Deductions) - - - - 1 - -
--------------------------------------------------------------------------------
Fixed Charges
Interest on long-term debt - - 1 - - - -
Other interest 1 - - - - - -
Capitalized interest - - - - - - -
--------------------------------------------------------------------------------
Net fixed charges 1 - 1 - - - -
--------------------------------------------------------------------------------
Income (Loss) Before Income Taxes14(2) (1) - 2 1 -
--------------------------------------------------------------------------------
Income Taxes 5 - - - - - -
--------------------------------------------------------------------------------
Net Income (Loss) $ 9 $ (2) $ (1) $ - $ 2 $ 1 $ -
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMS Inter- CMS
Resource company Generation
Develop. Elimina- Company
Company tions Consol.
<S> <C> <C> <C>
Operating Revenue
Independent power production $ -$ -$ 100
Other - - -
---------------------------------
Total operating revenue - - 100
---------------------------------
Operating Expenses
Other operation expense 1 - 65
Depreciation, depletion
and amortization - - 7
General taxes - - 1
---------------------------------
Total operating expenses 1 - 73
---------------------------------
Pretax Operating Income (1) - 27
---------------------------------
Other Income (Deductions) - (25) 2
---------------------------------
Fixed Charges
Interest on long-term debt - - 9
Other interest - (1) 2
Capitalized Interest - - (2)
---------------------------------
Net fixed charges - (1) 9
---------------------------------
Income (Loss) Before Income Taxes(1)(24) 20
---------------------------------
Income Taxes - - 10
---------------------------------
Net Income (Loss) $ (1) $ (24) $ 10
=================================
<FN>
(6) Represents CMS Generation Company, CMSG Filer City Operating Company, CMSG Grayling Company, CMSG Midland II, CMSG
Genesee Company, CMSG Recycling Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, CMSG Mon Valley Company,
CMSG Altoona Company, CMSG Investment Company II, CMSG Investment Company III, CMSG Pinamucan LDC and CMSG
Montreal 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 Income
For the Year Ended December 31, 1996
(In Millions)
<CAPTION>
HYDRA-CO HCE Inter- HYDRO-CO
Enter-Imperial company Enter-
prises,Valley, Elimina- prises
Inc.(7) Inc. tions Consol.
<S> <C> <C> <C> <C>
Operating Revenue
Independent power production $ 34$ 1$ -$ 35
Other - - - -
--------------------------------------------
Total operating revenue 34 1 - 35
--------------------------------------------
Operating Expenses
Other operation expense 18 - - 18
Depreciation, depletion
and amortization 3 - - 3
General taxes - - - -
--------------------------------------------
Total operating expenses 21 - - 21
--------------------------------------------
Pretax Operating Income 13 1 - 14
--------------------------------------------
Other Income (Deductions) 6 - (5) 1
--------------------------------------------
Fixed Charges
Interest on long-term debt - - - -
Other interest - - - -
Capitalized interest - - - -
--------------------------------------------
Net fixed charges - - - -
--------------------------------------------
Income (Loss) Before Income Taxes19 1 (5) 15
--------------------------------------------
Income Taxes 8 (1) - 7
--------------------------------------------
Net Income (Loss) $ 11 $ 2 $ (5) $ 8
============================================
<FN>
(7) Represents HYDRA-CO Enterprises, Inc., HCE Appomattox, Inc., HCE Hudson, Inc., Lakewood Project Management, Inc.,
HCE Jamaica Development, Inc., HCE Lakewood, Inc., CMS Generation Operating Company II, 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, 1996
(In Millions)
<CAPTION>
CMS CMS CMS CMS CMS
CMS Gas CMS Gulf Coast Gas Jackson SaginawGrand Lacs
TransmissionAntrim Storage ArgentinaPipeline Bay Holding
Company(8)Company Company Company Company Company Company
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Revenue
Natural gas transmission and
storage $ 12 $ 11 $ 4 $ 12 $ 2 $ 1 $ 7
Other - - - - - - -
--------------------------------------------------------------------------------
Total operating revenue 12 11 4 12 2 1 7
--------------------------------------------------------------------------------
Operating Expenses
Cost of gas sold 3 - - - - - 6
Other operation expense 6 1 - - 1 - -
Maintenance - 1 - - - - -
Depreciation, depletion
and amortization 1 2 - 1 - - 1
General taxes 1 - - - - - -
--------------------------------------------------------------------------------
Total operating expenses 11 4 - 1 1 - 7
--------------------------------------------------------------------------------
Pretax Operating Income 1 7 4 11 1 1 -
--------------------------------------------------------------------------------
Other Income (Deductions) 20 - - - - - -
--------------------------------------------------------------------------------
Fixed Charges
Interest on long-term debt - 1 - - - - -
Other interest - - - - - - -
--------------------------------------------------------------------------------
Net fixed charges - 1 - - - - -
--------------------------------------------------------------------------------
Income (Loss) Before Income Taxes21 6 4 11 1 1 -
--------------------------------------------------------------------------------
Income Taxes 4 2 1 - - 1 -
--------------------------------------------------------------------------------
Net Income (Loss) $ 17 $ 4 $ 3 $ 11 $ 1 $ - $ -
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GAS TRANSMISSION AND STORAGE COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
Cherokee Inter- CMS Gas
Petal Gas CompanyTransmission
Gas StorageProcessing Elimina- Company
Company L.L.C. tions Consol.
<S> <C> <C> <C> <C>
Operating Revenue
Natural gas transmission and
storage $ 3 $ 10 $ - $ 62
Other - - - -
--------------------------------------------
Total operating revenue 3 10 - 62
--------------------------------------------
Operating Expenses
Cost of gas sold - 7 - 16
Other operation expense 1 1 - 10
Maintenence - - - 1
Depreciation, depletion
and amortization 1 1 - 7
General taxes 1 - - 2
--------------------------------------------
Total operating expenses 3 9 - 36
--------------------------------------------
Pretax Operating Income - 1 - 26
--------------------------------------------
Other Income (Deductions) - - (20) -
--------------------------------------------
Fixed Charges
Interest on long-term debt - - - 1
Other interest 1 - (1) -
--------------------------------------------
Net fixed charges 1 - (1) 1
--------------------------------------------
Income (Loss) Before Income Taxes(1)1 (19) 25
--------------------------------------------
Income Taxes - - - 8
--------------------------------------------
Net Income (Loss) $ (1) $ 1 $ (19) $ 17
============================================
<FN>
(8) Represents CMS Gas Transmission and Storage Company, CMS Saginaw Bay Lateral Company and CMS Specialty Gas
Processors Company consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENERGY CORPORATION
Consolidating Balance Sheet - Assets
December 31, 1996
(In Millions)
<CAPTION>
Consumers CMS Inter-
PowerEnterprises companyCMS Energy
CMS EnergyCompany Company Elimina-Corporation
Corp.(1) Consol. Consol. tions Consol.
<S> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Electric $ - $6,333 $ - $ - $6,333
Gas - 2,203 134 - 2,337
Oil and gas properties - - 1,140 - 1,140
Other 7 26 68 (7) 94
--------------------------------------------------------
7 8,562 1,342 (7) 9,904
Less accumulated depreciation,
depletion and amortization 3 4,269 595 - 4,867
--------------------------------------------------------
4 4,293 747 (7) 5,037
Construction work-in-progress - 158 85 - 243
--------------------------------------------------------
4 4,451 832 (7) 5,280
--------------------------------------------------------
Investments
Associated companies 2,766 298 61 (3,125) -
First Midland Limited
Partnership - 232 - - 232
Independent power production - - 318 - 318
Natural gas transmission, storage
and marketing - - 233 - 233
Midland Cogeneration
Venture - 134 - - 134
Other - 8 78 - 86
--------------------------------------------------------
2,766 672 690 (3,125) 1,003
--------------------------------------------------------
Current Assets
Cash and temporary cash
investments 1 4 51 - 56
Accounts receivable (13) (21) 219 (115) 70
Accrued revenues - 232 71 - 303
Inventories to average cost
Gas in underground storage - 186 - - 186
Materials and supplies - 68 18 - 86
Generating plant fuel
stock - 30 - - 30
Deferred income taxes 3 27 18 - 48
Postretirement benefits - 25 - - 25
Prepayments and other 3 183 24 - 210
--------------------------------------------------------
(6) 734 401 (115) 1,014
--------------------------------------------------------
Non-current Assets
Postretirement benefits - 435 - - 435
Abandoned Midland project - 113 - - 113
Nuclear decommissioning
trust funds - 386 - - 386
Other 93 234 138 (81) 384
--------------------------------------------------------
93 1,168 138 (81) 1,318
--------------------------------------------------------
Total Assets $2,857 $7,025 $2,061 $(3,328) $8,615
========================================================
<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, 1996
(In Millions)
<CAPTION>
Consumers CMS Inter-
PowerEnterprises companyCMS Energy
CMS EnergyCompany 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 2,205 504 1,188 (1,852) 2,045
Revaluation capital (6) 37 21 (58) (6)
Retained earnings (338) 297 (122) (175) (338)
--------------------------------------------------------
1,862 1,679 1,087 (2,926) 1,702
Preferred stock - 356 199 (199) 356
Company-obligated mandatorily
redeemable preferred securities-100 - - 100
Long-term debt 688 1,900 330 (76) 2,842
Non-current capital leases - 100 3 - 103
--------------------------------------------------------
2,550 4,135 1,619 (3,201) 5,103
--------------------------------------------------------
Current Liabilities
Current portion of long-term
debt 266 59 45 - 370
Current capital leases - 39 - - 39
Notes payable 31 333 - (31) 333
Accounts payable 2 212 135 (1) 348
Accounts payable - related
parties 8 68 57 (70) 63
Power purchases - 47 - - 47
Accrued interest 13 33 8 (7) 47
Accrued taxes 12 211 39 - 262
Accrued refunds - 8 - - 8
Other 3 176 37 (10) 206
--------------------------------------------------------
335 1,186 321 (119) 1,723
--------------------------------------------------------
Non-current Liabilities
Postretirement benefits 10 500 11 - 521
Power purchases - 178 - - 178
Deferred income taxes (38) 646 90 - 698
Deferred investment tax credit - 159 2 - 161
Regulatory liabilities for
income taxes, net - 66 - - 66
Other - 155 18 (8) 165
--------------------------------------------------------
(28) 1,704 121 (8) 1,789
--------------------------------------------------------
Total Stockholders' Equity
and Liabilities $2,857 $7,025 $2,061 $(3,328) $8,615
========================================================
<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, 1996
(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 $6,333 $ - $ - $ - $ - $ - $6,333
Gas 2,092 111 - - - - 2,203
Other 26 - - - - - 26
--------------------------------------------------------------------------------
8,451 111 - - - - 8,562
Less accumulated depreciation,
depletion and amortization 4,216 53 - - - - 4,269
--------------------------------------------------------------------------------
4,235 58 - - - - 4,293
Construction work-in-progress 158 - - - - - 158
--------------------------------------------------------------------------------
4,393 58 - - - - 4,451
--------------------------------------------------------------------------------
Investments
Associated companies 576 - - - - (278) 298
First Midland Limited
Partnership - - - 232 - - 232
Midland Cogeneration
Venture - - - - 134 - 134
Other - - 8 - - - 8
--------------------------------------------------------------------------------
576 - 8 232 134 (278) 672
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments 2 - 1 1 - - 4
Accounts receivable (20) 6 - - 10 (17) (21)
Accrued revenues 232 - - - - - 232
Inventories to average cost
Gas in underground storage 186 - - - - - 186
Materials and supplies 68 - - - - - 68
Generating plant fuel
stock 30 - - - - - 30
Deferred income taxes - - - 27 - - 27
Postretirement benefits 25 - - - - - 25
Prepayments and other 183 - - - - - 183
--------------------------------------------------------------------------------
706 6 1 28 10 (17) 734
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits 429 6 - - - - 435
Abandoned Midland project 113 - - - - - 113
Nuclear decommissioning
trust funds 386 - - - - - 386
Other 334 2 - 1 - (103) 234
--------------------------------------------------------------------------------
1,262 8 - 1 - (103) 1,168
--------------------------------------------------------------------------------
Total Assets $6,937 $ 72 $ 9 $ 261 $ 144 $ (398) $7,025
================================================================================
<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, 1996
(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 506 - 3 37 145 (187) 504
Revaluation capital 37 - - - - - 37
Retained earnings 299 19 2 31 22 (76) 297
--------------------------------------------------------------------------------
1,683 34 5 68 167 (278) 1,679
Preferred stock 356 - - - - - 356
Company-obligated mandatorily
redeemable preferred securities100- - - - - 100
Long-term debt 1,981 22 - - - (103) 1,900
Non-current capital leases 100 - - - - - 100
--------------------------------------------------------------------------------
4,220 56 5 68 167 (381) 4,135
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt 59 - - - - - 59
Current capital leases 39 - - - - - 39
Notes payable 347 - - - - (14) 333
Accounts payable 201 6 - 6 - (1) 212
Accounts payable - related
parties 70 - - - - (2) 68
Power purchases 47 - - - - - 47
Accrued interest 33 - - - - - 33
Accrued taxes 227 - 1 (18) 1 - 211
Accrued refunds 8 - - - - - 8
Other 175 1 - - - - 176
--------------------------------------------------------------------------------
1,206 7 1 (12) 1 (17) 1,186
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits 494 6 - - - - 500
Power purchases 178 - - - - - 178
Deferred income taxes 488 3 3 177 (25) - 646
Deferred investment tax credit 130 - - 28 1 - 159
Regulatory liabilities for
income taxes, net 66 - - - - - 66
Other 155 - - - - - 155
--------------------------------------------------------------------------------
1,511 9 3 205 (24) - 1,704
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $6,937 $ 72 $ 9 $ 261 $ 144 $ (398) $7,025
================================================================================
<FN>
(2) Represents Consumers Power Company, CMS Engineering Company, ES Services Company and MEC Development Corporation
consolidated with Michigan Gas Storage Company, CMS Midland Holdings Company, CMS Midland, Inc. and Huron
Hydrocarbons, Inc. included on the equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENTERPRISES COMPANY
Consolidating Balance Sheet - Assets
December 31, 1996
(In Millions)
<CAPTION>
CMS NOMECO CMS CMS CMS Gas
CMS Oil and Generation Utility CMS CMS GasTran. & Stor.
EnterprisesGas Co. Co. Services LandMarketingCompany
Company(3)Consol. Consol. Inc. CompanyCompany Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Oil and gas properties$ - $1,140 $ - $ - $ - $ - $ -
Natural gas transmission, storage
and marketing - - - - - - 135
Other - - 48 4 16 - -
--------------------------------------------------------------------------------
- 1,140 48 4 16 - 135
Less accumulated depreciation,
depletion and amortization - 578 4 3 - - 10
--------------------------------------------------------------------------------
- 562 44 1 16 - 125
Construction work-in-progress - - 81 - - - 4
--------------------------------------------------------------------------------
- 562 125 1 16 - 129
--------------------------------------------------------------------------------
Investments
Associated companies 1,339 - - - - - -
Independent power production - - 318 - - - -
Natural gas transmission, storage
and marketing - - - - - - 233
Other (4) 1 - - 17 - -
--------------------------------------------------------------------------------
1,335 1 318 - 17 - 233
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments 1 17 29 1 - - 3
Accounts receivable 17 32 100 2 3 42 27
Accrued revenues - 71 - - - - -
Materials and supplies - 8 8 - - - 2
Deferred income taxes 1 12 5 - - - -
Prepayments and other - 10 1 - - 11 2
--------------------------------------------------------------------------------
19 150 143 3 3 53 34
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - - -
Other 1 23 99 - - - 14
--------------------------------------------------------------------------------
1 23 99 - - - 14
--------------------------------------------------------------------------------
Total Assets $1,355 $ 736 $ 685 $ 4 $ 36 $ 53 $ 410
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENTERPRISES COMPANY
Consolidating Balance Sheet - Assets
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMS Inter- CMS
Electric CMS companyEnterprises
& Gas Capital Elimina-Company
Company Corp. tions Consol.
<S> <C> <C> <C> <C>
Plant and Property (At Cost)
Oil and gas properties$ - $ - $ - $1,140
Natural gas transmission, storage
and marketing - - (1) 134
Other - - - 68
--------------------------------------------
- - (1) 1,342
Less accumulated depreciation,
depletion and amortization -- - 595
--------------------------------------------
- - (1) 747
Construction work-in-progress -- - 85
---------------------------------------------
- - (1) 832
--------------------------------------------
Investments
Associated companies - - (1,278) 61
Independent power production -- - 318
Natural gas transmission, storage
and marketing - - - 233
Other 64 - - 78
--------------------------------------------
64 - (1,278) 690
--------------------------------------------
Current Assets
Cash and temporary cash
investments - - - 51
Accounts receivable 3 33 (40) 219
Accrued revenues - - - 71
Materials and supplies - - - 18
Deferred income taxes - - - 18
Prepayments and other - - - 24
--------------------------------------------
3 33 (40) 401
--------------------------------------------
Non-current Assets
Postretirement benefits - - - -
Other 1 - - 138
--------------------------------------------
1 - - 138
--------------------------------------------
Total Assets $ 68 $ 33 $(1,319) $2,061
============================================
<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, CMS Gas Transmission and Storage Company and CMS
Electric and Gas Company included on the equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENTERPRISES COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1996
(In Millions)
<CAPTION>
CMS NOMECO CMS CMS CMS Gas
CMS Oil and Generation Utility CMSCMS GasTran. & Stor.
EnterprisesGas Co. Co. Services LandMarketingCompany
Company(3)Consol. Consol. Inc. CompanyCompany Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 1,190 173 574 4 9 5 333
Revaluation capital 21 - (7) - - - -
Retained earnings (121) 203 (121) (3) 8 6 14
--------------------------------------------------------------------------------
1,090 376 446 1 17 11 347
Preferred stock 199 - - - - - -
Long-term debt - 197 99 - 10 - 24
Non-current capital leases- 1 1 1 - - -
--------------------------------------------------------------------------------
1,289 574 546 2 27 11 371
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - 6 36 - - - 3
Current capital leases - - - - - - -
Notes payable 1 - - - - - -
Accounts payable 2 75 13 1 - 39 7
Accounts payable - related
parties 52 - 7 - 2 2 2
Accrued interest - 2 2 - 4 - -
Accrued taxes 1 9 27 1 - (1) 2
Other 12 7 16 - - 1 7
--------------------------------------------------------------------------------
68 99 101 2 6 41 21
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits 1 4 3 1 - 1 1
Deferred income taxes (3) 59 23 (1) 3 - 9
Deferred investment tax credit - - 2 - - - -
Other - - 10 - - - 8
--------------------------------------------------------------------------------
(2) 63 38 - 3 1 18
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $1,355 $ 736 $ 685 $ 4 $ 36 $ 53 $ 410
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENTERPRISES COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMS Inter- CMS
Electric CMS companyEnterprises
& Gas Capital Elimina-Company
Company Corp. tions Consol.
<S> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ -
Other paid-in-capital 66 16 (1,182) 1,188
Revaluation capital - - 7 21
Retained earnings 1 (6) (103) (122)
--------------------------------------------
67 10 (1,278) 1,087
Preferred stock - - - 199
Long-term debt - - - 330
Non-current capital leases- - - 3
--------------------------------------------
67 10 (1,278) 1,619
--------------------------------------------
Current Liabilities
Current portion of long-term
debt - - - 45
Current capital leases - - - -
Notes payable - 23 (24) -
Accounts payable - - (2) 135
Accounts payable - related
parties 1 - (9) 57
Accrued interest - - - 8
Accrued taxes - - - 39
Other - - (6) 37
--------------------------------------------
1 23 (41) 321
--------------------------------------------
Non-current Liabilities
Postretirement benefits - - - 11
Deferred income taxes - - - 90
Deferred investment tax credit - - - 2
Other - - - 18
--------------------------------------------
- - - 121
--------------------------------------------
Total Stockholders' Equity
and Liabilities $ 68 $ 33 $(1,319) $2,061
============================================
<FN>
(3) Represents CMS Enterprises Company, CMS Electric Marketing Company, KJL Limited, Inc. and Monarch Management
Company consolidated with CMS NOMECO Oil and Gas Company, CMS Generation Company, CMS Utility Services, Inc., CMS
Land Company, CMS Capital Corporation, CMS Gas Marketing Company, CMS Gas Transmission and Storage Company and CMS
Electric and Gas Company included on the equity method of accounting.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Balance Sheet - Assets
December 31, 1996
(In Millions)
<CAPTION>
Explota-CMS NOMECO CMS CMS CMS
CMS NOMECONOMECO ciones Inter- NOMECO NOMECONOMECO
Oil and GasAustralia Nomeco national EcuadorVenezuelaInterna.
Company(4)Pty. Ltd. Inc. Ltd. LDC LDCInc. Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Oil and gas properties$ 778 $ - $ 35 $ - $ 129 $ 21 $ 81
Other - - - - - - -
--------------------------------------------------------------------------------
778 - 35 - 129 21 81
Less accumulated depreciation,
depletion and amortization 530 - 4 - 15 2 8
--------------------------------------------------------------------------------
248 - 31 - 114 19 73
Construction work-in-progress - - - - - - -
--------------------------------------------------------------------------------
248 - 31 - 114 19 73
--------------------------------------------------------------------------------
Investments
Associated companies 301 - - 149 - - -
Other - - - - - - -
--------------------------------------------------------------------------------
301 - - 149 - - -
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments 1 - 1 - 2 - 7
Accounts receivable 41 - - 2 (21) (1) 17
Accrued revenues 12 - 3 - 38 2 3
Materials and supplies 1 - - - 3 1 2
Deferred income taxes 12 - - - - - -
Prepayments and other 1 - - - - - 9
--------------------------------------------------------------------------------
68 - 4 2 22 2 38
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - - -
Other 14 - - - - - 2
--------------------------------------------------------------------------------
14 - - - - - 2
--------------------------------------------------------------------------------
Total Assets $ 631 $ - $ 35 $ 151 $ 136 $ 21 $ 113
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Balance Sheet - Assets
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMS NOMECO
CMS Equatorial CMS NOMECO
NOMECO NOMECO Guinea Terra NOMECO Colombia
PNG OilChina OilOil & GasEnergy, Holdings Oil
Co. Company Co. Ltd. Ltd. Company
<S> <C> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Oil and gas properties$ - $ - $ 17 $ 70 $ - $ 9
Other - - - - - -
--------------------------------------------------------------------
- - 17 70 - 9
Less accumulated depreciation,
depletion and amortization - - 4 6 - 9
--------------------------------------------------------------------
- - 13 64 - -
Construction work-in-progress - - - - - -
--------------------------------------------------------------------
- - 13 64 - -
--------------------------------------------------------------------
Investments
Associated companies - - - - 3 -
Other - - - 1 - -
--------------------------------------------------------------------
- - - 1 3 -
--------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments - - - 6 - -
Accounts receivable - 1 1 36 - 6
Accrued revenues - - 1 11 - 1
Materials and supplies - - - 1 - -
Deferred income taxes - - - - - -
Prepayments and other - - - - - -
--------------------------------------------------------------------
- 1 2 54 - 7
--------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - -
Other - - - 7 - -
--------------------------------------------------------------------
- - - 7 - -
--------------------------------------------------------------------
Total Assets $ - $ 1 $ 15 $ 126 $ 3 $ 7
--------------------------------------------------------------------
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Balance Sheet - Assets
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
Inter-CMS NOMECO
companyOil and Gas
Elimina- Company
tions Consol.
<S> <C> <C>
Plant and Property (At Cost)
Oil and gas properties$ - $1,140
Other - -
-------------------
- 1,140
Less accumulated depreciation,
depletion and amortization - 578
-------------------
- 562
Construction work-in-progress - -
-------------------
- 562
-------------------
Investments
Associated companies (453) -
Other - 1
-------------------
(453) 1
-------------------
Current Assets
Cash and temporary cash
investments - 17
Accounts receivable (50) 32
Accrued revenues - 71
Materials and supplies - 8
Deferred income taxes - 12
Prepayments and other - 10
-------------------
(50) 150
-------------------
Non-current Assets
Postretirement benefits - -
Other - 23
-------------------
- 23
-------------------
Total Assets $ (503) $ 736
===================
<FN>
(4) Represents CMS NOMECO Oil and Gas Company, NOMECO Australia Pty. Limited, 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, 1996
(In Millions)
<CAPTION>
Explota- CMS CMS NOMECO CMS
CMS NOMECONOMECO ciones Terra NOMECO Inter-NOMECO
Oil and GasAustralia Nomeco Energy, Ecuador nationalInterna.
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 174 - 32 63 125 130 35
Retained earnings 204 (1) 1 11 7 (3) 11
--------------------------------------------------------------------------------
378 (1) 33 74 132 128 46
Preferred stock - - - - - - -
Long-term debt 188 - - - - - 9
Non-current capital leases- - - 1 - - -
--------------------------------------------------------------------------------
566 (1) 33 75 132 128 55
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - - - 1 - - 4
Current capital leases - - - - - - -
Notes payable - - - - - 21 -
Accounts payable 12 - - 39 1 - 18
Accounts payable - related
parties (8) - - - - 2 32
Accrued interest 2 - - - - - -
Accrued taxes 3 1 1 2 1 - 1
Other 5 - - 1 - - 1
--------------------------------------------------------------------------------
14 1 1 43 2 23 56
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits 4 - - - - - -
Deferred income taxes 45 - 1 8 2 - 4
Deferred investment tax credit - - - - - - -
Other 2 - - - - - (2)
--------------------------------------------------------------------------------
51 - 1 8 2 - 2
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ 631 $ - $ 35 $ 126 $ 136 $ 151 $ 113
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMS NOMECO
CMS Equatorial NOMECO NOMECO CMS
NOMECO NOMECO GuineaExploration NOMECO Colombia NOMECO
PNG OilChina OilOil & 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 - 3 - 8 (1) 30 21
Retained earnings - (2) 7 (8) 4 (22) (1)
--------------------------------------------------------------------------------
- 1 7 - 3 8 20
Preferred stock - - - - - - -
Long-term debt - - - - - - -
Non-current capital leases- - - - - - -
--------------------------------------------------------------------------------
- 1 7 - 3 8 20
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - - 1 - - - -
Current capital leases - - - - - - -
Notes payable - - 4 - - - -
Accounts payable - - 4 - - - 1
Accounts payable - related
parties - - (3) - - 2 -
Accrued interest - - - - - - -
Accrued taxes - - - - - - -
Other - - - - - - -
--------------------------------------------------------------------------------
- - 6 - - 2 1
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits - - - - - - -
Deferred income taxes - - 2 - - (3) -
Deferred investment tax credit - - - - - - -
Other - - - - - - -
--------------------------------------------------------------------------------
- - 2 - - (3) -
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ - $ 1 $ 15 $ - $ 3 $ 7 $ 21
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
Inter-CMS NOMECO
companyOil and Gas
Elimina- Company
tions Consol.
<S> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ (1) $ -
Other paid-in-capital (447) 173
Retained earnings (5) 203
-------------------
(453) 376
Preferred stock - -
Long-term debt - 197
Non-current capital leases- 1
-------------------
(453) 574
-------------------
Current Liabilities
Current portion of long-term
debt - 6
Current capital leases - -
Notes payable (25) -
Accounts payable - 75
Accounts payable - related
parties (25) -
Accrued interest - 2
Accrued taxes - 9
Other - 7
-------------------
(50) 99
-------------------
Non-current Liabilities
Postretirement benefits - 4
Deferred income taxes - 59
Deferred investment tax credit - -
Other - -
-------------------
- 63
-------------------
Total Stockholders' Equity
and Liabilities $ (503) $ 736
===================
<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, 1996
(In Millions)
<CAPTION>
CMS CMS NOMECO CMS CMS NOMECO Inter- CMS
NOMECOInternationalNOMECOInternationalCMS companyNOMECO
InternationalCongo,Inter. Eq.Tunisia, NOMECO Elimina-Interna.
Inc.(5) Inc. Guinea, Inc. Inc. Alba LDC tionsInc. Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Oil and gas properties$ 2 $ 43 $ 12 $ 14 $ 10 $ - $ 81
Other - - - - - - -
--------------------------------------------------------------------------------
2 43 12 14 10 - 81
Less accumulated depreciation,
depletion and amortization - 6 2 - - - 8
--------------------------------------------------------------------------------
2 37 10 14 10 - 73
Construction work-in-progress - - - - - - -
--------------------------------------------------------------------------------
2 37 10 14 10 - 73
--------------------------------------------------------------------------------
Investments
Associated companies 47 - - - - (47) -
Other - - - - - - -
--------------------------------------------------------------------------------
47 - - - - (47) -
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments 4 2 1 - - - 7
Accounts receivable 27 1 12 - - (23) 17
Accrued revenues - 2 1 - - - 3
Materials and supplies - 2 - - - - 2
Prepayments and other - 9 - - - - 9
--------------------------------------------------------------------------------
31 16 14 - - (23) 38
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - - -
Other - - - - - - 2
--------------------------------------------------------------------------------
- - - - - - 2
--------------------------------------------------------------------------------
Total Assets $ 80 $ 53 $ 26 $ 14 $ 10 $ (70) $ 113
================================================================================
<FN>
(5) Represents CMS NOMECO International, Inc. and CMS NOMECO International Transportation, Inc. consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO INTERNATIONAL, INC.
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1996
(In Millions)
<CAPTION>
CMS CMS NOMECO CMS CMS NOMECO Inter CMS
NOMECOInternationalNOMECOInternationalCMS company NOMECO
InternationalCongo,Inter. Eq.Tunisia, NOMECO Elimina-Interna.
Inc.(5) Inc. Guinea, Inc. Inc. Alba LDC tionsInc. Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 35 20 4 9 1 (34) 35
Retained earnings 11 8 5 - - (13) 11
--------------------------------------------------------------------------------
46 28 9 9 1 (47) 46
Preferred stock - - - - - - -
Long-term debt - 8 1 - - - 9
Non-current capital leases- - - - - - -
--------------------------------------------------------------------------------
46 36 10 9 1 (47) 55
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - 3 1 - - - 4
Current capital leases - - - - - - -
Notes payable - - - - - - -
Accounts payable - 11 6 - 1 - 18
Accounts payable - related
parties 33 1 8 5 8 (23) 32
Accrued interest - - - - - - -
Accrued taxes - 1 - - - - 1
Other 1 - - - - - 1
--------------------------------------------------------------------------------
34 16 15 5 9 (23) 56
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits - - - - - - -
Deferred income taxes 1 2 1 - - - 4
Deferred investment tax credit - - - - - - -
Other (1) (1) - - - - (2)
--------------------------------------------------------------------------------
- 1 1 - - - 2
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ 80 $ 53 $ 26 $ 14 $ 10 $ (70) $ 113
================================================================================
<FN>
(5) Represents CMS NOMECO International, Inc. and CMS NOMECO International Transportation, Inc. consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Balance Sheet - Assets
December 31, 1996
(In Millions)
<CAPTION>
CMSG CMSG CMSG CMSG
CMS Honey Filer CMSG Grayling CMSG Filer
Generation Lake City Grayling HoldingsOperatingCity Oper.
Co. (6) Company Company Company Company CompanyCompany
<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 462 - - - - - -
Other 13 31 12 1 9 - -
--------------------------------------------------------------------------------
475 31 12 1 9 - -
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments - - 1 - - 2 -
Accounts receivable 43 - - 1 1 5 1
Materials and supplies - - - - - - -
Deferred income taxes 5 - - - - - -
Prepayments and other 1 - - - - - -
--------------------------------------------------------------------------------
49 - 1 1 1 7 1
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - - -
Other 65 - - 1 - - -
--------------------------------------------------------------------------------
65 - - 1 - - -
--------------------------------------------------------------------------------
Total Assets $ 589 $ 31 $ 13 $ 3 $ 10 $ 7 $ 1
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Balance Sheet - Assets
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMSG Mid- CMSG HYDRA-CO
Resource CMS CMSG Michigan Invest. CMSG Enter-
DevelopmentGenerationRecyclingRecycling 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$ -$ -$ - $ 3 $ - $ - $ -
Less accumulated depreciation,
depletion and amortization - - - - - - -
--------------------------------------------------------------------------------
- - - 3 - - -
Construction work-in-progress - - - - - - -
--------------------------------------------------------------------------------
- - - 3 - - -
--------------------------------------------------------------------------------
Investments
Associated companies - - 2 - 22 - -
Other - 45 - - 10 17 137
--------------------------------------------------------------------------------
- 45 2 - 32 17 137
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments - - - - 3 - 15
Accounts receivable 6 2 1 1 - 1 25
Materials and supplies - - - - - - -
Deferred income taxes - - - - - - -
Prepayments and other - - - - - - -
--------------------------------------------------------------------------------
6 2 1 1 3 1 40
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - - -
Other - - - 2 - - 20
--------------------------------------------------------------------------------
- - - 2 - - 20
--------------------------------------------------------------------------------
Total Assets $ 6 $ 47 $ 3 $ 6 $ 35 $ 18 $ 197
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Balance Sheet - Assets
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
OxfordCentrales Oxford/ CMSG CMSG
CMSG Tire Termicas CMSG CMS Invest.Cebu Oper.
Holdings Supply Mendoza PinamucanDevelopmentCompany LDC
Company Inc. S.A. LDC L.P. III Company
<S> <C> <C> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Independent power production$ -$ 2$ 41 $ - $ 2 $ - $ -
Less accumulated depreciation,
depletion and amortization - 1 3 - - - -
--------------------------------------------------------------------------------
- 1 38 - 2 - -
Construction work-in-progress - - 26 - - - -
--------------------------------------------------------------------------------
- 1 64 - 2 - -
--------------------------------------------------------------------------------
Investments
Associated companies - - - - - - -
Other 12 - - - 6 25 -
--------------------------------------------------------------------------------
12 - - - 6 25 -
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments - - 2 5 1 - -
Accounts receivable 2 1 23 - 1 - 1
Materials and supplies - - 8 - - - -
Deferred income taxes - - - - - - -
Prepayments and other - - - - - - -
--------------------------------------------------------------------------------
2 1 33 5 2 - 1
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - - -
Other 4 - 15 - - - -
--------------------------------------------------------------------------------
4 - 15 - - - -
--------------------------------------------------------------------------------
Total Assets $ 18 $ 2 $ 112 $ 5 $ 10 $ 25 $ 1
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Balance Sheet - Assets
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
Inter- CMS
CMS companyGeneration
EnsenadaElimina- Company
S.A. tions Consol.
<S> <C> <C> <C>
Plant and Property (At Cost)
Independent power production$ -$ -$ 48
Less accumulated depreciation,
depletion and amortization - - 4
--------------------------------
- - 44
Construction work-in-progress 55 - 81
--------------------------------
55 - 125
--------------------------------
Investments
Associated companies - (486) -
Other - - 318
--------------------------------
- (486) 318
--------------------------------
Current Assets
Cash and temporary cash
investments - - 29
Accounts receivable 5 (20) 100
Materials and supplies - - 8
Deferred income taxes - - 5
Prepayments and other - - 1
--------------------------------
5 (20) 143
--------------------------------
Non-current Assets
Postretirement benefits - - -
Other 1 (9) 99
--------------------------------
1 (9) 99
--------------------------------
Total Assets $ 61 $ (515) $ 685
================================
<FN>
(6) Represents CMS Generation Company, CMSG GP Company, CMSG Mon Valley Company, CMSG Altoona Company, CMSG Genesee
Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, CMSG Investment Company II, CMSG Montreal Company, 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, 1996
(In Millions)
<CAPTION>
CMSG CMSG CMSG CMSG
CMS Honey Filer CMSG Grayling CMSG Filer
Generation Lake City Grayling HoldingsOperatingCity Oper.
Co.(6) Company Inc. Company CompanyCompany Company
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 574 8 6 4 7 4 -
Revaluation capital (7) - - - - - -
Retained earnings (122) 10 4 (1) (1) 1 -
--------------------------------------------------------------------------------
445 18 10 3 6 5 -
Preferred stock - - - - - - -
Long-term debt 83 - - - - - -
Non-current capital leases- - - - - - -
--------------------------------------------------------------------------------
528 18 10 3 6 5 -
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt 24 - - - - - -
Current capital leases - - - - - - -
Notes payable - - - - - - -
Accounts payable 9 - - - - - -
Accounts payable - related
parties 12 1 - - - - 1
Accrued interest 2 - - - - - -
Accrued taxes (1) 2 - - - 1 -
Other 7 - - - - - -
--------------------------------------------------------------------------------
53 3 - - - 1 1
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits 2 - - - - 1 -
Deferred income taxes 5 8 3 - 4 - -
Deferred investment tax credit - 2 - - - - -
Other 1 - - - - - -
--------------------------------------------------------------------------------
8 10 3 - 4 1 -
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ 589 $ 31 $ 13 $ 3 $ 10 $ 7 $ 1
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMSG Mid- CMSG HYDRA-CO
Resource CMS CMSG Michigan Invest. CMSG Enter-
DevelopmentGenerationRecyclingRecyclingCompany 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 5 45 3 5 32 16 191
Revaluation capital - - - - - - -
Retained earnings (1) 1 - (1) 2 1 (17)
--------------------------------------------------------------------------------
4 46 3 4 34 17 174
Preferred stock - - - - - - -
Long-term debt - - - - - - -
Non-current capital leases- - - 1 - - -
--------------------------------------------------------------------------------
4 46 3 5 34 17 174
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - - - - - - -
Current capital leases - - - - - - -
Notes payable - - - - - - -
Accounts payable - - - - - - -
Accounts payable - related
parties 1 1 - 1 1 1 (1)
Accrued interest - - - - - - -
Accrued taxes - - - - - - 16
Other 1 - - - - - 8
--------------------------------------------------------------------------------
2 1 - 1 1 1 23
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits - - - - - - -
Deferred income taxes - - - - - - -
Deferred investment tax credit - - - - - - -
Other - - - - - - -
--------------------------------------------------------------------------------
- - - - - - -
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ 6 $ 47 $ 3 $ 6 $ 35 $ 18 $ 197
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
OxfordCentrales Oxford/ CMSG CMSG
CMSG Tire Termicas CMSG CMS Invest.Cebu Oper.
Holdings Supply MendozaPinamucanDevelopment Company LDC
Company Inc. S.A. LDC L.P. III Company
<S> <C> <C> <C> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 12 3 67 5 10 25 1
Revaluation capital - - - - - - -
Retained earnings (11) (3) (2) - - - -
--------------------------------------------------------------------------------
1 - 65 5 10 25 1
Preferred stock - - - - - - -
Long-term debt 9 - 16 - - - -
Non-current capital leases- - - - - - -
--------------------------------------------------------------------------------
10 - 81 5 10 25 1
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - - 7 - - - -
Current capital leases - - - - - - -
Notes payable - - - - - - -
Accounts payable - 1 5 - - - -
Accounts payable - related
parties - 1 2 - - - -
Accrued interest 4 - - - - - -
Accrued taxes - - 9 - - - -
Other - - - - - - -
--------------------------------------------------------------------------------
4 2 23 - - - -
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits - - - - - - -
Deferred income taxes 4 - (1) - - - -
Deferred investment tax credit - - - - - - -
Other - - 9 - - - -
--------------------------------------------------------------------------------
4 - 8 - - - -
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ 18 $ 2 $ 112 $ 5 $ 10 $ 25 $ 1
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
Inter- CMS
CMS company Generation
EnsenadaElimina- Company
S.A. tions Consol.
<S> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ -
Other paid-in-capital 56 (505) 574
Revaluation capital - - (7)
Retained earnings - 19 (121)
--------------------------------
56 (486) 446
Preferred stock - - -
Long-term debt - (9) 99
Non-current capital leases- - 1
--------------------------------
56 (495) 546
--------------------------------
Current Liabilities
Current portion of long-term
debt 5 - 36
Current capital leases - - -
Notes payable - - -
Accounts payable - (2) 13
Accounts payable - related
parties - (14) 7
Accrued interest - (4) 2
Accrued taxes - - 27
Other - - 16
--------------------------------
5 (20) 101
--------------------------------
Non-current Liabilities
Postretirement benefits - - 3
Deferred income taxes - - 23
Deferred investment tax credit - - 2
Other - - 10
--------------------------------
- - 38
--------------------------------
Total Stockholders' Equity
and Liabilities $ 61 $ (515) $ 685
================================
<FN>
(6) Represents CMS Generation Company, CMSG GP Company, CMSG Mon Valley Company, CMS Midland II, CMSG Altoona Company,
CMSG Genesee Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, CMSG Investment Company II, CMSG Montreal
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, 1996
(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 26 - - - - (26) -
Other 124 7 2 1 3 - 137
--------------------------------------------------------------------------------
150 7 2 1 3 (26) 137
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments 15 - - - - - 15
Accounts receivable 27 1 - - - (3) 25
Materials and supplies - - - - - - -
Prepayments and other - - - - - - -
--------------------------------------------------------------------------------
42 1 - - - (3) 40
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - - -
Other 18 2 - - - - 20
--------------------------------------------------------------------------------
18 2 - - - - 20
--------------------------------------------------------------------------------
Total Assets $ 210 $ 10 $ 2 $ 1 $ 3 $ (29) $ 197
================================================================================
<FN>
(7) Represents HYDRA-CO Enterprises, Inc., HCE Imperial Valley, Inc., HCE Jamaica Development, Inc., HCE
Lakewood, Inc., Lakewood Project Management Inc. and CMS Generation Operating Company II, Inc. consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
HYDRO-CO ENTERPRISES, INC.
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1996
(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 196 8 2 - 3 (18) 191
Revaluation capital - - - - - - -
Retained earnings (12) 2 - 1 - (8) (17)
--------------------------------------------------------------------------------
184 10 2 1 3 (26) 174
Preferred stock - - - - - - -
Long-term debt - - - - - - -
Non-current capital leases- - - - - - -
--------------------------------------------------------------------------------
184 10 2 1 3 (26) 174
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - - - - - - -
Current capital leases - - - - - - -
Notes payable - - - - - - -
Accounts payable - - - - - - -
Accounts payable - related
parties 2 - - - - (3) (1)
Accrued interest - - - - - - -
Accrued taxes 16 - - - - - 16
Other 8 - - - - - 8
--------------------------------------------------------------------------------
26 - - - - (3) 23
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits - - - - - - -
Deferred income taxes - - - - - - -
Deferred investment tax credit - - - - - - -
Other - - - - - - -
--------------------------------------------------------------------------------
- - - - - - -
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ 210 $ 10 $ 2 $ 1 $ 3 $ (29) $ 197
================================================================================
<FN>
(7) Represents HYDRA-CO Enterprises, Inc., HCE Imperial Valley, Inc., HCE Jamaica Development, Inc., HCE
Lakewood, Inc., Lakewood Project Management Inc. and CMS Generation Operating Company II, Inc. consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GAS TRANSMISSION AND STORAGE COMPANY
Consolidating Balance Sheet - Assets
December 31, 1996
(In Millions)
<CAPTION>
CMS Gas CMS CMS CMS CMS CMS
Transmission CMS Saginaw SaginawGulf Coast Gas Jackson
& Storage Antrim Bay Bay Lat. Storage ArgentinaPipeline
Company(8)Company Company Company Company CompanyCompany
<S> <C> <C> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Natural gas transmission
and storage $ 33 $ 39 $ - $ - $ - $ - $ 10
Other - - - - - - -
--------------------------------------------------------------------------------
33 39 - - - - 10
Less accumulated depreciation,
depletion and amortization 2 5 - - - - 2
--------------------------------------------------------------------------------
31 34 - - - - 8
Construction work-in-progress - 3 - - - - -
--------------------------------------------------------------------------------
31 37 - - - - 8
--------------------------------------------------------------------------------
Investments
Associated companies 214 - - - - - -
Other 76 - 13 2 - 142 -
--------------------------------------------------------------------------------
290 - 13 2 - 142 -
--------------------------------------------------------------------------------
Current Assets
Cash and temporary cash
investments - 1 - - - - 1
Accounts receivable 20 2 - 1 3 6 1
Materials and supplies - 1 - - - - -
Prepayments and other 1 1 - - - - -
--------------------------------------------------------------------------------
21 5 - 1 3 6 2
--------------------------------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - - - -
Other 21 - - - - - 1
--------------------------------------------------------------------------------
21 - - - - - 1
--------------------------------------------------------------------------------
Total Assets $ 363 $ 42 $ 13 $ 3 $ 3 $ 148 $ 11
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GAS TRANSMISSION AND STORAGE COMPANY
Consolidating Balance Sheet - Assets
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMS Cherokee Inter- CMS Gas
Grand LacsPetal Gas companyTran. & Stor.
HoldingGas StorageProcessingElimina-Company
CompanyCompany L.L.C. tions Consol.
<S> <C> <C> <C> <C> <C>
Plant and Property (At Cost)
Natural gas transmission
and storage $ - $ 15 $ 38 $ - $ 135
Other - - - - -
--------------------------------------------------------
- 15 38 - 135
Less accumulated depreciation,
depletion and amortization- 1 - - 10
--------------------------------------------------------
- 14 38 - 125
Construction work-in-progress1 - - - 4
--------------------------------------------------------
1 14 38 - 129
--------------------------------------------------------
Investments
Associated companies - - - (214) -
Other - - - - 233
--------------------------------------------------------
(214) 233
--------------------------------------------------------
Current Assets
Cash and temporary cash
investments - - 1 - 3
Accounts receivable - 2 2 (10) 27
Materials and supplies 1 - - - 2
Prepayments and other - - - - 2
--------------------------------------------------------
1 2 3 (10) 34
--------------------------------------------------------
Non-current Assets
Postretirement benefits - - - - -
Other 2 - - (10) 14
--------------------------------------------------------
2 - - (10) 14
--------------------------------------------------------
Total Assets $ 4 $ 16 $ 41 $ (234) $ 410
========================================================
<FN>
(8) Represents CMS Gas Transmission and Storage 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, 1996
(In Millions)
<CAPTION>
CMS Gas CMS CMS CMS CMS CMS
Transmission CMS Saginaw SaginawGulf Coast Gas Jackson
& Storage Antrim Bay Bay Lat. Storage ArgentinaPipeline
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 333 2 10 2 3 137 1
Retained earnings 14 15 1 - - 5 1
--------------------------------------------------------------------------------
347 17 11 2 3 142 2
Preferred stock - - - - - - -
Long-term debt - 18 - - - - 6
Non-current capital leases- - - - - - -
--------------------------------------------------------------------------------
347 35 11 2 3 142 8
--------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - 3 - - - - -
Current capital leases - - - - - - -
Notes payable - - - - - - -
Accounts payable 3 1 - - - - 1
Accounts payable - related
parties 2 - - - - - -
Accrued interest - - - - - - -
Accrued taxes - 1 - - - - -
Other 7 - - - - 6 -
--------------------------------------------------------------------------------
12 5 - - - 6 1
--------------------------------------------------------------------------------
Non-current Liabilities
Postretirement benefits 1 - - - - - -
Deferred income taxes 3 2 2 1 - - 1
Deferred investment tax credit - - - - - - -
Other - - - - - - 1
--------------------------------------------------------------------------------
4 2 2 1 - - 2
--------------------------------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ 363 $ 42 $ 13 $ 3 $ 3 $ 148 $ 11
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GAS TRANSMISSION AND STORAGE COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMS Cherokee Inter- CMS Gas
Grand LacsPetal Gas companyTran. & Stor.
HoldingGas StorageProcessingElimina-Company
CompanyCompany L.L.C. tions Consol.
<S> <C> <C> <C> <C> <C>
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ -
Other paid-in-capital 1 4 32 (192) 333
Retained earnings - (1) 1 (22) 14
--------------------------------------------------------
1 3 33 (214) 347
Preferred stock - - - - -
Long-term debt - - - - 24
Non-current capital leases- 10 - (10) -
--------------------------------------------------------
1 13 33 (224) 371
--------------------------------------------------------
Current Liabilities
Current portion of long-term
debt - - - - 3
Current capital leases - - - - -
Notes payable - - - - -
Accounts payable - 1 1 - 7
Accounts payable - related
parties 3 1 - (4) 2
Accrued interest - - - - -
Accrued taxes - 1 - - 2
Other - - - (6) 7
--------------------------------------------------------
3 3 1 (10) 21
--------------------------------------------------------
Non-current Liabilities
Postretirement benefits - - - - 1
Deferred income taxes - - - - 9
Deferred investment tax credit- - - - -
Other - - 7 - 8
--------------------------------------------------------
- - 7 - 18
--------------------------------------------------------
Total Stockholders' Equity
and Liabilities $ 4 $ 16 $ 41 $ (234) $ 410
========================================================
<FN>
(8) Represents CMS Gas Transmission and Storage Company and CMS Specialty Gas Processors Company consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENERGY CORPORATION
Consolidating Statement of Retained Earnings
December 31, 1996
(In Millions)
<CAPTION>
Consumers CMS Inter-
PowerEnterprises company CMS Energy
CMS EnergyCompany Company Elimina-Corporation
Corp.(1) Consol. Consol. tions Consol.
<S> <C> <C> <C> <C> <C>
Balance at January 1, 1996 $ (475)$ 237 $ (93) $ (144) $ (475)
Net Income (Loss) 245 296 59 (324) 276
Less Dividends Paid
Common Stock - CMS Energy 94 - - - 94
Class G 9 - - - 9
Preferred Stock - 28 14 (14) 28
Preferred Securities Distribution-8 - - 8
Associated Companies 5 200 74 (279) -
--------------------------------------------------------
108 236 88 (293) 139
--------------------------------------------------------
Balance at December 31, 1996 $ (338)$ 297 $ (122)$ (175) $ (338)
========================================================
<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, 1996
(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, 1996$ 237$ 21 $ 3 $ 24 $ 2 $ (50) $ 237
Net Income (Loss) 298 3 1 7 20 (33) 296
Less Dividends Paid
Common Stock - - - - - - -
Preferred Stock 28 - - - - - 28
Preferred Securities Distribution8- - - - - 8
Associated Companies 200 5 2 - - (7) 200
--------------------------------------------------------------------------------
236 5 2 - - (7) 236
--------------------------------------------------------------------------------
Balance at December 31, 1996$ 299$ 19$ 2 $ 31 $ 22 $ (76) $ 297
================================================================================
<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, 1996
(In Millions)
<CAPTION>
CMS NOMECO CMS CMS CMS CMS Gas
CMS Oil and Generation UtilityElectricCMS GasTran. & Stor.
EnterprisesGas Co. Company Services & GasMarketing Company
Company(3)Consol. Consol. Inc. CompanyCompany Consol.
<S> <C> <C> <C> <C> <C> <C> <C>
Balance at January 1, 1996 $ (93)$ 176 $ (75) $ (3) $ - $ 4 $ 12
Net Income (Loss) 60 27 10 - 1 2 17
Less Dividends Paid
Common Stock - - - - - - -
Preferred Stock 14 - - - - - -
Associated Companies 74 - 56 - - - 15
--------------------------------------------------------------------------------
88 - 56 - - - 15
--------------------------------------------------------------------------------
Balance at December 31, 1996 $ (121)$ 203 $ (121) $ (3)$ 1 $ 6 $ 14
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS ENTERPRISES COMPANY
Consolidating Statement of Retained Earnings
December 31, 1996
(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, 1996$ 8 $ (7) $ (115) $ (93)
Net Income (Loss) 3 1 (62) 59
Less Dividends Paid
Common Stock - - - -
Preferred Stock - - - 14
Associated Companies 3 - (74) 74
--------------------------------------------
3 - (74) 88
--------------------------------------------
Balance at December 31, 1996$ 8 $ (6) $ (103) $ (122)
============================================
<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, CMS Gas Transmission and Storage
Company and CMS Electric and Gas 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, 1996
(In Millions)
<CAPTION>
NOMECO
NOMECO Equatorial NOMECO
CMS NOMECO NOMECO Inter- NOMECO Guinea NOMECO Colombia
Oil and GasAustralianational EcuadorOil & Gas Holdings Oil
Company(4)Pty. Ltd. Ltd. LDC Co. Ltd. Company
<S> <C> <C> <C> <C> <C> <C> <C>
Balance at January 1, 1996$ 176$ 1 $ (4) $ 3 $ 4 $ 4 $ (21)
Net Income (Loss) 28 - 1 4 3 - (1)
Less Dividends Paid
Common Stock - - - - - - -
Preferred Stock - - - - - - -
Associated Companies - 2 - - - - -
--------------------------------------------------------------------------------
- 2 - - - - -
--------------------------------------------------------------------------------
Balance at December 31, 1996$ 204$ (1) $ (3)$ 7 $ 7 $ 4 $ (22)
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Statement of Retained Earnings
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
NOMECO Explota- CMS Inter-
Exploration NOMECO ciones Terra NOMECO CMS NOMECO company
(Thailand)China Oil Nomeco Energy,Interna.Venezuela Elimina-
Limited Company Inc. Ltd.Inc. Consol.LDC tions
<S> <C> <C> <C> <C> <C> <C> <C>
Balance at January 1, 1996 $ (8) $ (2)$ - $ 3 $ 4 $ - $ 16
Net Income (Loss) - - 1 8 7 (1) (23)
Less Dividends Paid
Common Stock - - - - - - -
Preferred Stock - - - - - - -
Associated Companies - - - - - - (2)
--------------------------------------------------------------------------------
- - - - - - (2)
--------------------------------------------------------------------------------
Balance at December 31, 1996 $ (8) $ (2) $ 1$ 11 $ 11 $ (1) $ (5)
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS NOMECO OIL AND GAS COMPANY
Consolidating Statement of Retained Earnings
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMS NOMECO
Oil and Gas
Company
Consol.
<S> <C>
Balance at January 1, 1996 $ 176
Net Income (Loss) 27
Less Dividends Paid
Common Stock -
Preferred Stock -
Associated Companies -
-------
-
-------
Balance at December 31, 1996 $ 203
=======
<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 Statement of Retained Earnings
December 31, 1996
(In Millions)
<CAPTION>
CMSCMS NOMECO CMS Inter-CMS NOMECO
NOMECOInternationalNOMECO companyOil and Gas
InternationalCongo, Inter Eq. Elimina- Company
Inc.(5) Inc. Guinea, Inc. tions Consol.
<S> <C> <C> <C> <C> <C>
Balance at January 1, 1996 $ 4$ 3 $ 2 $ (5) $ 4
Net Income (Loss) 7 5 3 (8) 7
Less Dividends Paid
Common Stock - - - - -
Preferred Stock - - - - -
Associated Companies - - - - -
---------------------------------------------------------
- - - - -
---------------------------------------------------------
Balance at December 31, 1996 $ 11 $ 8 $ 5$ (13) $ 11
=========================================================
<FN>
(5) Represents CMS NOMECO International, Inc., CMS NOMECO International Tunisia, Inc., CMS NOMECO Alba LDC and CMS
NOMECO International Transportation, Inc. consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Statement of Retained Earnings
December 31, 1996
(In Millions)
<CAPTION>
CMSG CMSG CMSG Oxford
CMS Honey Filer CMSG Grayling CMSG Tire
Generation Lake City Holdings HoldingsOperating Supply
Co.(6) Company Inc. Company Company Company Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
Balance at January 1, 1996 $ (76)$ 9$ 3 $ (2) $ 1 $ - $ (3)
Net Income (Loss) 10 4 2 9 1 1 -
Less Dividends Paid
Common Stock - - - - - - -
Preferred Stock - - - - - - -
Associated Companies 56 3 1 18 3 - -
--------------------------------------------------------------------------------
56 3 1 18 3 - -
--------------------------------------------------------------------------------
Miscellaneous Adjustments - - - - - - -
--------------------------------------------------------------------------------
Balance at December 31, 1996 $ (122)$ 10$ 4 $ (11) $ (1) $ 1 $ (3)
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Statement of Retained Earnings
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
HYDRA-COCentrales Mid- CMS CMS CMS
CMS Enter- TermicasMichiganGenerationResourceGeneration
Generation prises MendozaRecycling Grayling Develop.Inv. Co.
S.A. Consol. S.A. L.L.C. Company Company I
<S> <C> <C> <C> <C> <C> <C> <C>
Balance at January 1, 1996$ 3$ 5 $ (2) $ (1) $ - $ - $ -
Net Income (Loss) (2) 8 (1) - - (1) 2
Less Dividends Paid
Common Stock - - - - - - -
Preferred Stock - - - - - - -
Associated Companies - 30 - - 1 - -
--------------------------------------------------------------------------------
- 30 - - 1 - -
--------------------------------------------------------------------------------
Miscellaneous Adjustments - - 1 - - -
--------------------------------------------------------------------------------
Balance at December 31, 1996$ 1$ (17) $ (2) $ (1) $ (1) $ (1) $ 2
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GENERATION COMPANY
Consolidating Statement of Retained Earnings
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
CMS Inter- CMS
Generationcompany Generation
Cebu Elimina- Company
LDC tions Consol.
<S> <C> <C> <C>
Balance at January 1, 1996$ -$ (12) $ (75)
Net Income (Loss) 1 (24) 10
Less Dividends Paid
Common Stock - - -
Preferred Stock - - -
Associated Companies - (56) 56
--------------------------------
- (56) 56
--------------------------------
Miscellaneous Adjustments - (1) -
--------------------------------
Balance at December 31, 1996$ 1$ 19$ (121)
================================
<FN>
(6) Represents CMS Generation Company, CMSG GP Company, CMSG Filer City Operating Company, CMSG Mon Valley Company,
CMS Midland II, CMSG Altoona Company, CMSG Genesee Company, CMSG Recycling Company, CMSG Lyonsdale Company, CMSG
Chateaugay Company, CMSG Investment Company II, CMSG Investment Company III, CMSG Pinamucan LDC, CMSG Cebu
Operating LDC Company, CMSG Montreal Company, OTR Southern California, Inc., OTR of Bloomfield, Inc., OTR of
Massachusetts, Inc., Oxford/CMS Development L.P. and CMS Ensenada 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 Retained Earnings
December 31, 1996
(In Millions)
<CAPTION>
HYDRA-CO New HCE Inter-HYDRO-CO
Enter- HCE Bern Imperial company Enter-
prises, Hudson, Project Valley, Elimina-prises
Inc.(7) Inc. Mgt. Inc. Inc. tions Consol.
<S> <C> <C> <C> <C> <C> <C>
Balance at January 1, 1996$ 5$ 2 $ 1 $ - $ (3) $ 5
Net Income (Loss) 11 - - 2 (5) 8
Less Dividends Paid
Common Stock - - - - - -
Preferred Stock - - - - - -
Associated Companies 30 - - - - 30
------------------------------------------------------------------------
30 - - - - 30
------------------------------------------------------------------------
Balance at December 31, 1996$ (14)$ 2 $ 1 $ 2 $ (8) $ (17)
========================================================================
<FN>
(7) Represents HYDRA-CO Enterprises, Inc., HCE Appomattox, Inc., HCE Rockfort Diesel, Inc., HCE Jamaica Development,
Inc., HCE Lakewood, Inc., Lakewood Project Management Inc. and CMS Generation Operating Company II, Inc.
consolidated.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GAS TRANSMISSION AND STORAGE COMPANY
Consolidating Statement of Retained Earnings
December 31, 1996
(In Millions)
<CAPTION>
CMS Gas CMS CMS CMS CMS
Transmission CMS Saginaw Gas Gulf Coast Jackson Petal
& Storage Antrim Bay Argentina Storage PipelineGas Storage
Company(8) Company Company Company Company CompanyCompany
<S> <C> <C> <C> <C> <C> <C> <C>
Balance at January 1, 1996$ 12$ 11 $ 1 $ 4 $ 1 $ 1 $ -
Net Income (Loss) 17 4 - 11 3 1 (1)
Less Dividends Paid
Common Stock - - - - - - -
Preferred Stock - - - - - - -
Associated Companies 15 - - 10 4 1 -
--------------------------------------------------------------------------------
15 - - 10 4 1 -
--------------------------------------------------------------------------------
Balance at December 31, 1996$ 14$ 15$ 1 $ 5 $ - $ 1 $ (1)
================================================================================
<FN>
(Continued on Following Page)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CMS GAS TRANSMISSION AND STORAGE CORPORATION
Consolidating Statement of Retained Earnings
December 31, 1996
(In Millions)
(Continued from Previous Page)
<CAPTION>
CherokeeInter- CMS Gas
Gas CompanyTran. & Stor.
ProcessingElimina-Company
L.L.C.tions Consol.
<S> <C> <C> <C>
Balance at January 1, 1996$ -$ (18) $ 12
Net Income (Loss) 1 (19) 17
Less Dividends Paid
Common Stock - - -
Preferred Stock - - -
Associated Companies - (15) 15
--------------------------------
- (15) 15
--------------------------------
Balance at December 31, 1996$ 1$ (22)$ 14
================================
<FN>
(8) Represents CMS Gas Transmission and Storage Company, CMS Saginaw Bay Lateral Company, CMS Grands Lacs Holding
Company and CMS Specialty Gas Processors Company consolidated.
</TABLE>
<PAGE>
<PAGE>
EXHIBIT B
Exhibit B - Financial Data Schedule
CMS Energy Corporation Consolidated
Year Ended December 31, 1996
(Millions of Dollars)
Total Assets $8,615
Total Operating Revenue $4,333
Net Income $ 240
<PAGE>
<PAGE> 1
EXHIBIT C
An organizational chart showing the relationship of each EWG or foreign
utility company to associate companies in the holding company system.
CMS ENSENADA S.A.
(Ensenada)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
* *
* 99% *
* *
* * CMS Generation Holdings Company
* 1% * *
* * *
* * *
CMS Operating S.A. * 1%
| * *
Operator | * 99% *
| * *
--------- CMS Ensenada S.A.
CMS Operating S.A., which is 99% owned by CMS Generation Co., owns 99% of
CMS Ensenada S.A., the EWG. CMS Generation Holdings Co., which is owned
100% by CMS Generation Co., owns 1% of CMS Ensenada S.A., the EWG.
Note: Eligible facility not yet operational.
<PAGE>
<PAGE> 2
An organizational chart showing the relationship of each EWG or foreign
utility company to associate companies in the holding company system.
CMS GENERATION CEBU LIMITED DURATION COMPANY
(Cebu)
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(1)
* |
* | Operator
* 47.5% |
Toledo Power Company
CMS Generation Investment Company I and CMS Generation Investment Company
II, each owned 100% by CMS Generation Co., owns 99% and 1%, respectively,
CMS Generation Cebu Limited Duration Company, the EWG.
CMS Generation Investment Company I and CMS Generation Investment Company
II, each owned 100% by CMS Generation Co., owns 99% and 1%, respectively,
CMS Generation Cebu Operating Limited Duration Company, the EWG.
___________________
(1)CMS Generation Cebu Operating Limited Duration Company filed for
EWG status after the reporting period of December 31, 1996.<PAGE>
<PAGE> 3
An organizational chart showing the relationship of each EWG or
foreign utility company to associate companies in the holding company
system.
CMS OPERATING S.A.
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
***** CMS Generation Co.
* * *
* * *
* * *
CMS Generation Holdings * *
Company * * *
* 1% * *
* * 99% * 99%
CMS Operating S.A. CMS Centrales Termicas S.A.
Operating & | * | | * *
Maintenance- | * | | * *
Agreement | *99% | | * 99% * 1%
| * | | Cuyana S.A. de Inversiones
CMS Ensenada S.A. | | *
| |--Consulting *
| | Agreement * 80.55%
Consulting | | *
Agreement--- | |-----Centrales Termicas Mendoza, S.A.
|
|
Empresa Distribuidora de Electricidad de Entre Rios S.A. (EDEER)
CMS Generation Co. and CMS Generation Holdings Company own 99% and 1%,
respectively, CMS Operating S.A., 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.
CENTRALES TERMICAS SAN NICOLAS, S.A.
(CTSN)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
* .1%
CMS Generation San Nicolas Company
*
*
* .1%
Inversora de San Nicolas, S.A.
*
*
* 88%
Centrales Termicas 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 Centrales
Termicas San Nicolas, S.A., 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
Empresa Distribuidora de Electricidad de Entre Rios S.A.
(EDEER)
CMS Energy Corporation
*
*
*
*
CMS Enterprises Company
* *
* *
* *
* *
CMS Electric and Gas Company CMS Generation Co.
* *
* *
* 40% * 99%
* *
* *
Inversora en Distribucion de Entre Rios S.A. CMS Operating S.A.
* |
* |
* 90% | Consulting
* | Agreement
* |
Empresa Distribuidora de Electricidad de Entre Rios S.A.
CMS Electric and Gas Company, which is 100% owned by CMS Enterprises
Company owns 40% of Inversora en Distribucion de Entre Rios S.A., which
owns 90% of Empresa Distribuidora de Electricidad de Entre Rios S.A., the
foreign utility company.
<PAGE>
<PAGE> 6
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.
(Hidroelectrica)
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> 7
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.
(Lakewood)
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>
