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FORM 8-K
CURRENT REPORT
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) OCTOBER 13, 2000
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COMMISSION REGISTRANT; STATE OF INCORPORATION; IRS EMPLOYER
FILE NUMBER ADDRESS; AND TELEPHONE NUMBER IDENTIFICATION NO
1-9513 CMS ENERGY CORPORATION 38-2726431
(A MICHIGAN CORPORATION)
FAIRLANE PLAZA SOUTH, SUITE 1100
330 TOWN CENTER DRIVE
DEARBORN, MICHIGAN 48126
(313) 436-9261
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ITEM 5. OTHER EVENTS.
On October 13, 2000, CMS Energy Corporation issued a press release
announcing that it anticipates that its third quarter earnings, to be released
on October 26, 2000, will be 10-15% higher than the Company's previous guidance
of $0.40 per share in sustainable earnings. This improvement is due to favorable
power transactions and cost reductions. This stronger than anticipated
performance provides the Company greater confidence in its 2000 earnings
guidance, which remains unchanged from $2.50 per share. While there is no
assurance that this level of earnings will be achieved for 2000, this guidance
assumes, among other things, recovery in 2000 of a five percent residential
electric rate reduction which, if not allowed, would reduce earnings by $0.18
per share. Final accounting guidance is expected when the Michigan Public
Service Commission issues its securitization financing order expected on October
24, 2000.
This document contains "forward-looking statements" that are subject to
risks and uncertainties. The words "anticipates", "believes", "estimates",
"expects", "intends", and "plans", and variations of such words and similar
expressions, are intended to identify forward looking statements. They should be
read in conjunction with "Forward-Looking Statements Cautionary Factors" in CMS
Energy's Form 10-K, Item 1 (incorporated by reference herein) that discusses
important factors that could cause CMS Energy's results to differ materially
from those anticipated in such statements.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CMS ENERGY CORPORATION
Dated: October 13, 2000 By: /s/ Alan M. Wright
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Alan M. Wright
Senior Vice President and
Chief Financial Officer