File No. 069-00333
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-3A-2/A
Amendment No. 1
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:
April 15, 2003
EXPLANATORY NOTE
This Form U-3A-2/A amends the Form U-3A-2 that was filed on February
25, 2003. This amendment includes the consolidated financial statements on
Exhibit A that were omitted from the Form U-3A-2 filed on February 25,
2003.
1
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.
Claimant has listed EWGs, identified by an asterisk (*) and FUCOs, identified by
double asterisk (**) in order to maintain the continuity of the organizational
chart.
For the purpose of this filing CMS Energy will address the information requested
in section 1 under the headings of CMS Energy Corporation (Tier 1), CMS
Enterprises Company (Tier 2) and Consumers Energy Company (Tier 2). As CMS
Energy discusses in detail below, CMS Energy Corporation is the parent company
for CMS Enterprises Company and Consumers Energy Company. All ownership
interests are 100% unless indicated parenthetically to the contrary.
01 CMS ENERGY CORPORATION
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Energy Corporation ("CMS Energy") was duly incorporated under the laws
of the State of Michigan in 1987. CMS Energy is an approximately $5.5
billion (sales) energy company with subsidiaries engaged in electric
utility operations, gas utility operations, oil and gas exploration and
production, the acquisition, development and operation of independent
power production facilities, energy marketing and trading and the
transportation, storage and marketing of natural gas.
The name, state of organization and nature of business of CMS Energy's
direct subsidiaries are described below:
02 CMS Enterprises Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Enterprises Company is a Michigan corporation that owns
subsidiaries engaged in the development, acquisition and management
of energy-related businesses and projects worldwide.
2
02 Consumers Energy Company
Address: 212 West Michigan Avenue
Jackson, Michigan 49201
Consumers Energy Company is 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.
THE NAME, STATE OF ORGANIZATION AND NATURE OF BUSINESS OF EACH SUBSIDIARY AND
THEIR SUBSIDIARIES ARE DESCRIBED BELOW:
02 CMS ENTERPRISES COMPANY
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
03 CMS Business Development LLC
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Business Development LLC is a Texas limited liability
corporation formed as a holding company for employees engaged in
the business of project development in North America effective
January 1, 2002.
03 CMS Capital, L.L.C.
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Capital is a Michigan limited liability corporation formed
to assist in securing financing for CMS Energy Corporation and
its subsidiaries and affiliates.
04 CMS Capital Financial Services, Inc.
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
3
CMS Capital Financial Services, Inc. is a Michigan
corporation engaged in the business of making loans to
homeowners and small businesses for energy related goods
or services.
05 First Utility Finance, Inc.
04 EnerBank, USA
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
EnerBank, USA is a Utah corporation engaged in the
business of an "industrial loan corporation" to issue
thrift certificates of deposit and thrift savings accounts
for the payment of money, to issue capital notes or
debentures to receive payments with or without allowance
for interest.
03 CMS Comercializadora de Energia S.A. (98.52%)
Address: Edificio Torre Catalinas Plaza, Ing. Enrique Butty 220
8 Piso (Av. E. Madero Alt. 800/900) (1300)
Buenos Aires, Argentina
CMS Comercializadora de Energia S.A. is an Argentine corporation
engaged in gas and electric marketing operations in Argentina.
03 *CMS Distributed Power, L.L.C.
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Distributed Power, L.L.C is a Michigan limited liability
corporation formed for the purpose of aggregating the output
from multiple generators to have power available on demand.
03 CMS Energy Asia Private Limited (Singapore)
Address: 80 Raffles Place #26-20
UOB Plaza 2
Singapore 04862
CMS Energy Asia Private Limited is a Singapore corporation
involved in the development of electrical generation and
distribution opportunities, gas transmission, storage and
distribution opportunities, electrical and gas marketing
opportunities and oil and gas exploration and development
opportunities in Asia and the Pacific Rim.
4
04 CMS Energy India Pte Ltd (India) (99%)
Address: Units 203 & 204, Capital Towers
180, Nungambakkam High Road
Kodambakkan, Chennai 600 034 India
CMS Energy India Private Limited is an Indian corporation
formed to pursue development opportunities in India.
03 CMS Energy India Pte Ltd (India) (1%)
Address: Units 203 & 204, Capital Towers
180, Nungambakkam High Road
Kodambakkan, Chennai 600 034 India
CMS Energy India Private Limited is an Indian corporation formed
to pursue development opportunities in India.
03 CMS Energy South America Company (CESA)
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Energy South America Company is a Cayman Islands corporation
formed to provide for consolidation of the development expenses
and activity in Argentina and Brazil.
04 CMS Enterprises Development Company S.A. (CEDC) (99.99%)
Address: Edificio Torre Catalinas Plaza, Ing.
Enrique Butty 220
8(Degree) Piso (Av. E. Madero Alt. 800/900)
(1300)
Buenos Aires, Argentina
CMS Enterprises Development Company S.A. is an Argentina
corporation formed to handle the development work in
Argentina.
03 CMS Energy Technology Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Energy Technology Company is a Michigan corporation formed
for the purpose of networked distributed generation.
5
03 CMS Energy UK Limited
Address: 43-45 Portman Square, 4th Floor
London, England W1H 6AF
CMS Energy UK Limited is an United Kingdom limited liability
company involved in the development of energy-related businesses
and projects in Europe, Africa and the Middle East.
03 CMS Enterprises Development, L.L.C.
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Enterprises Development, L.L.C. is a Michigan limited
liability corporation formed to invest in various projects,
including but not limited to, a zirconium recovery project.
03 CMS Enterprises Holding Company S.A. (99.99%)
Address: Edificio Torre Catalinas Plaza
Ing. Enrique Butty 220
8(Degree) Piso (Av. E. Madero Alt. 800/900)
(1300)
Buenos Aires, Argentina
CMS Enterprises Holding Company S. A. is an Argentine
corporation formed as a holding corporation.
03 CMS Gas Transmission Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Gas Transmission Company is a Michigan corporation organized
to engage in the transmission, storage and processing of natural
gas.
04 Atlantic Methanol Capital Company (50%)
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
Atlantic Methanol Capital Company is a Cayman Islands
corporation formed to assist in the financing relating to
an Equatorial Guinea methanol plant that has subsequently
been sold.
05 CMS Methanol Company (40%)
6
04 CMS Antrim Gas LLC
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Antrim Gas LLC is a Michigan limited liability
corporation formed for the purpose of owning and operating
the central carbon dioxide removal plant in Otsego County,
Michigan.
04 CMS Bay Area Pipeline, LLC
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Bay Area is a Michigan limited liability corporation
formed for the purpose of limiting and avoiding confusion
with the pipeline system owned by MCN.
04 CMS Field Services, Inc.
Address: Boulder Towers
1437 South Boulder, Suite 1250,
Tulsa, Oklahoma 74119
CMS Field Services, Inc. is a Michigan corporation,
formerly known as CMS Continental Natural Gas, Inc.,
involved in the gathering and processing of natural gas.
05 Bighorn Gas Gathering, L.L.C. (50%)
05 Bradshaw Energy, L.L.C. (97.5%)
05 Choctaw Thrust Gas Gathering System (33 1/3%)
05 CMS Cherokee Gas Processing, L.L.C.
05 CMS Field Services Holding Company
06 Bighorn Gas Gathering, L.L.C. (1%)
06 CMS Taurus GP Holding, L.L.C.
05 CMS Gas Processing, L.L.C.
05 CMS Gulf Coast Field Services, L.L.C.
7
05 CMS Hydrocarbons, L.L.C.
05 CMS Laverne Gas Processing, L.L.C.
05 CMS Natural Gas Gathering, L.L.C.
05 CMS Oklahoma Natural Gas Gathering, L.L.C.
05 CMS Taurus Holdings Company, L.L.C.
05 CMS Gulf Coast Holdings Company
05 CMS Midstream Services Company
05 Fort Union Gas Gathering, L.L.C. (33 1/3%)
04 CMS Gas Argentina Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1040
Dearborn, Michigan 48126
CMS Gas Argentina Company is a Cayman Islands corporation
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.
05 Servicios de Aguas de Chile CMS y Compania Limitada
(.01%)
05 Transportadora de Gas del Norte S.A. (TGN) (29.42%)
04 CMS Gas Offshore Investment Ltd.
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Gas Offshore Investment Ltd. is a Cayman Islands
corporation formed for the purposes of financing,
procurement, rehabilitation, upgrading, extension,
ownership, operation and maintenance of existing power
generation and seawater desalination project at the
Taweelah complex in Abu Dhabi.
04 CMS Grands Lacs LLC
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
8
CMS Grands Lacs LLC is a Michigan limited liability
corporation and owner of various natural gas pipelines in
Northern Michigan.
04 CMS International Ventures, L.L.C. (37.01%)
(See CMS Enterprises for list of subsidiaries)
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS International Ventures, L.L.C. is a Michigan limited
liability corporation formed to own, manage and sell
certain of CMS Energy's international investments.
04 CMS Jackson Pipeline Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1040
Dearborn, Michigan 48126
CMS Jackson Pipeline Company is a Michigan corporation
involved as a 75% General Partner in Jackson Pipeline
Company, a Michigan general partnership.
05 Jackson Pipeline Company (75%)
04 CMS Marysville Gas Liquids Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Marysville Gas Liquids Company is a Michigan
corporation formed to hold a 51% interest in St. Clair
Underground Storage Partnership and owns the Marysville
Fractionation Partnership.
04 CMS Saginaw Bay Lateral Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Saginaw Bay Lateral Company is a Michigan corporation
that holds the interest in lateral lines off the Saginaw
Bay Pipeline systems.
9
04 CMS TriState Canada General Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS TriState Canada General Company is a Michigan
corporation formed to hold a 1% General Partner interest
in TriState Canada Limited Partnership, a Canadian
partnership, which holds TriState Pipeline assets in
Canada.
04 Nitrotec Corporation (50%)
Address: 1021 Main Street, Suite 2800
Houston, Texas 77002
Nitrotec Corporation is a Delaware corporation formed to
invest in plants that extract helium from natural gas.
04 Otsego EOR LLC (25%)
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
Otsego EOR LLC is a Michigan limited liability corporation
formed as an enhanced oil-recovery project consisting of
three oil reservoirs and pipeline and compression
facilities located in Otsego County, Michigan.
04 Panhandle Eastern Pipe Line Company
Address: 5444 Westheimer Road
Houston, Texas 77056-5306
Panhandle Eastern Pipe Line Company is a Delaware
corporation formed for the transmission of natural gas.
05 CMS Pan Gas Storage Company, L.L.C.
05 CMS Panhandle Eastern Resources, Inc.
05 Panhandle Partner LLC
06 CMS Panhandle Holdings, LLC (95%)
07 Centennial Pipeline, LLC (33 1/3%)
10
07 *CMS Panhandle Lake Charles Generation
Company, LLC
07 CMS Trunkline Gas Company, LLC (100% -
Class A Shares)
08 CMS Trunkline Deepwater Pipeline
Company L.L.C.
09 Sea Robin Pipeline Company (50%)
08 CMS Trunkline Gas Resources, LLC
08 CMS Trunkline Offshore Pipeline
Company L.L.C.
09 Sea Robin Pipeline Company (50%)
07 CMS Trunkline LNG Holdings, LLC (100% -
Class B shares)
08 CMS Trunkline LNG Company, LLC
07 Dekatherm Investor Trust
08 CMS Trunkline LNG Holdings, LLC (100%
- Class A shares)
07 Guardian Pipeline, LLC. (33 1/3%)
05 CMS Panhandle Storage Company
06 MG Venture Storage, Inc.
05 Trunkline Field Services Company
05 CMS Panhandle LNG Acquisition Company
06 CMS Panhandle Holdings, LLC (5%)
04 TriState Pipeline, L.L.C (66-2/3%)
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
TriState Pipeline, L.L.C. is a Michigan limited liability
corporation formed to hold interests in the TriState
Pipeline.
11
03 CMS Generation Co.
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Co is a Michigan corporation engaged in the
development of and investment in cogeneration and other
independent power generation projects both domestic and foreign.
04 *CMS Centrales Termicas S.A. (99%)
Address: Edificio Torre Catalinas Plaza, Ing.
Enrique Butty 220
8 Piso (Av. E. Madero Alt. 800/900) (1300)
Buenos Aires, Argentina
CMS Centrales Termicas S.A. is an Argentine corporation
formed to own an interest in a 240 MW natural gas/fuel
oil-fired electric power plant near Mendoza, Argentina.
05 Cuyana S.A. de Inversiones (1%)
06 Centrales Termicas Mendoza, S.A. (92.6%)
04 CMS Generation Altoona Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Altoona Company is a Michigan corporation
formed to develop, construct, own, operate and maintain a
bituminous coal, bituminous coal waste or other solid
fuel-burning facility.
04 CMS Generation Cebu Operating Limited Duration Company
(99%)
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Cebu Operating Limited Duration Company is
a Cayman Islands entity involved as the operator of the
Atlas Power Plant, a 135 MW coal/oil-fired power plant on
Cebu Island, Philippines.
12
04 CMS Generation Chateaugay Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Chateaugay Company is a Michigan
corporation involved as a General Partner in KES
Chateaugay, LP, a limited partnership.
04 CMS Generation Filer City, Inc.
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Filer City, Inc. is a Michigan corporation
involved as a 50% General Partner in the T.E.S. Filer City
Station Limited Partnership, a Michigan limited
partnership that is the owner of the 54 megawatt (net)
wood chip and coal-fired electric generating station in
Filer City, Michigan.
04 CMS Generation Filer City Operating Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Filer City Operating Company is a Michigan
corporation formed to operate a coal and waste wood-fueled
power plant near Filer City, Michigan owned by the T.E.S.
Filer City Station Limited Partnership.
04 CMS Generation Genesee Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Genesee Company is a Michigan corporation
involved as a 1% General Partner in the Genesee Power
Station Limited Partnership, a Delaware limited
partnership, which owns and operates a 35-megawatt (net)
waste wood-fired electric generating facility located in
Genesee County, Michigan.
05 Genesee Power Station Limited Partnership (1%)
06 GPS Newco, L.L.C (50%)
13
04 CMS Generation Grayling Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Grayling Company is a Michigan corporation
involved as a 1% General Partner in Grayling Generating
Station Limited Partnership, a Michigan limited
partnership, that 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 a .5% 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 Grayling
Generating Station Limited Partnership is a 49.5 % Limited
Partner in AJD Forest Products Limited Partnership, a
Michigan limited partnership.
05 Grayling Generation Station Limited Partnership (1%)
06 GGS Holdings Company
05 Grayling Partners Land Development, L.L.C. (1%)
04 CMS Generation Honey Lake Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Honey Lake Company is a Michigan
corporation with a General Partnership interest and a
Limited Partnership interest in H L Power Company, a
California limited partnership that 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 H L Power Company.
05 Honey Lake Energy I L.P. (99%)
06 H L Power Company (18.65%)
05 Honey Lake Energy II L.P. (99%)
06 H L Power Company (18.65%)
05 H L Power Company (.5%)
14
04 CMS International Ventures, L.L.C. (21.02%)
(See CMS Enterprises for list of subsidiaries)
04 CMS Generation Lyonsdale Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Lyonsdale Company is a Michigan corporation
involved as a general partner of Lyonsdale Energy Limited
Partnership, a Delaware limited partnership, owners of the
Lyonsdale Project, Lyonsdale, New York, a 19MW waste
wood-fueled plant.
04 CMS Generation Grayling Holdings Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Grayling Holdings Company is a Michigan
corporation involved as a 49% Limited Partner in Grayling
Generating Station Limited Partnership, a Michigan limited
partnership. Grayling Generating Station Limited
Partnership owns GGS Holdings Company, a Michigan
corporation that owns a .5% General Partner interest in
AJD Forest Products Limited Partnership, a Michigan
limited partnership.
05 Grayling Generating Station Limited Partnership (49%)
06 GGS Holdings Company
05 Grayling Partners Land Development LLC (49%)
04 CMS Generation Holdings Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Holdings Company is a Michigan corporation
involved as a limited partner in various proposed
partnerships.
05 *CMS Centrales Termicas S.A. (1%)
05 Genesee Power Station Limited Partnership (.5%)
06 GPS Newco, L.L.C. (50%)
15
05 GPS Newco, L.L.C. (50%)
05 CMS Generation, S.R.L. (.01%)
06 *Hidroelectrica El Chocon S.A. (2.48%)
06 Hidroinvest S.A. (25%)
07 *Hidroelectrica El Chocon S.A. (59%)
05 Moose River Properties (50%)
05 *CMS Ensenada S.A. (1%)
05 CMS Operating, S.R.L. (.001%)
05 Metro East, L.L.C. (50%)
05 McCook Cogeneration Station, L.L.C (50%)
04 Dearborn Industrial Energy, L.L.C.
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
Dearborn Industrial Energy, LLC is a Michigan limited
liability corporation formed to hold the ownership
interest in Dearborn Industrial Generation, LLC and to
obtain an air permit for the Dearborn Industrial
Generation Project.
05 *Dearborn Industrial Generation, L.L.C.
04 *Dearborn Generation Operating, L.L.C.
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
Dearborn Generation Operating, L.L.C. is a Michigan
limited liability corporation formed to operate the
cogeneration facility located at the Ford Rouge plant.
04 CMS Generation Investment Company I
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
16
CMS Generation Investment Company I is a Cayman Islands
corporation involved as a holding company for CMS
Generation overseas investments that engage in the
construction, ownership or operation of various power
projects in Ghana, Morocco, Saudi Arabia and United Arab
Emirates.
05 CMS Generation Company Investment Company IV
06 CMS Generation Investment Company II
07 CMS Generation Jorf Lasfar I Limited
Duration Company (65%)
08 Jorf Lasfar Handelsbolag (50%)
08 Jorf Lasfar I HB (50%)
08 Jorf Lasfar Power Energy HB (50%)
07 CMS Generation Jorf Lasfar II Limited
Duration (65%)
08 Jorf Lasfar Handelsbolag (50%)
08 Jorf Lasfar I HB (50%)
08 Jorf Lasfar Power Energy HB (50%)
07 CMS Generation Cebu Operating Limited
Duration Company (1%)
07 CMS Generation Jegurupadu I Limited
Duration (1%)
08 Jegurupadu O&M Company Mauritius
(50%)
09 *Jegurupadu Operating &
Maintenance Company (60%)
07 CMS Generation Jegurupadu II Limited
Duration (1%)
08 Jegurupadu O&M Company Mauritius
(50%)
09 *Jegurupadu Operating and
Maintenance Company (60%)
07 CMS Generation Pinamucan Limited Duration
Company (1%)
07 CMS Generation Pinamucan Operating Limited
Duration Company (1%)
06 CMS Generation Jorf Lasfar III Limited Duration
Company (50%)
17
07 *CMS Morocco Operating Co., S.C.A. (.1%)
06 CMS Generation Luxembourg II S.a.r.l.
07 CMS Generation Luxembourg S.a.r.l.
08 CMS Generation Netherlands B.V.
09 Jorf Lasfar Energiaktiebolag
10 *Jorf Lasfar Energy Company
(25%)
09 Jorf Lasfar Power Energy
Aktiebolag
10 *Jorf Lasfar Energy Company
(23%)
06 CMS Generation Jorf Lasfar I Limited Duration
Company (35%)
07 Jorf Lasfar Handelsbolag (50%)
08 *Jorf Lasfar Energy Company (2%)
06 CMS Generation Jorf Lasfar II Limited Duration
Company (35%)
07 Jorf Lasfar Handelsbolag (50%)
08 *Jorf Lasfar Energy Company (2%)
05 CMS Generation Investment Company VI
06 CMS Takoradi Investment Company
07 CMS Takoradi Investment Company II
08 *Takoradi International Company
(Ghana) (90%)
05 CMS Generation Investment Company VII
06 CMS Generation Taweelah Limited
07 **Emirates CMS Power Company (40%)
08 Taweelah Shared Facilities Company
LLC (17%)
06 CMS Jubail Investment Company I
18
06 Shuweihat General Partner Company (50%)
07 Shuweihat Limited Partnership (1%)
08 Shuweihat CMS International Power
Company (UAE) (40%)
06 Shuweihat Limited Partnership (49.5%)
07 Shuweihat CMS International Power Company
(UAE) (40%)
06 Shuweihat O&M Limited Partnership (49.5%)
06 Shuweihat O&M General Partner Company (50%)
07 Shuweihat O&M Limited Partnership (1%)
05 CMS Generation Loy Yang Holdings 1 Ltd.
06 **Horizon Energy Holdings Ltd.
07 **Loy Yang Power Partners (24.63%)
07 Loy Yang Power Projects Pty. Lt. (49.6%)
07 Loy Yang Power Management Pty Ltd (49.6%)
05 CMS Generation Loy Yang Holdings 2 Ltd.
06 **CMS Generation Horizon Energy Holdings Ltd.
07 Loy Yang Power Management Pty Ltd (49.6%)
07 **Loy Yang Power Partners (25%)
07 Loy Yang Power Projects Pty Ltd (49.6%)
05 Servicios de Aguas de Chile CMS y Compania Limitada
(99.99%)
05 *CMS Morocco Operating Co., S.C.A (.1%)
05 *CMS (India) Operations & Maintenance Company Private
Limited (1%)
05 Energex Co. (20%)
19
04 CMS Generation Montreal Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Montreal Company is a Michigan corporation
involved as a .1 percent general partner in the Secure
Wood Chips LP to own and operate a waste-wood recovery
facility in the greater Montreal, Quebec, Canada area.
04 *CMS Generation Operating Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Operating Company is a New York corporation
involved in the operation of various power plants
throughout the United States.
04 CMS Generation Recycling Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Recycling Company is a Michigan corporation
that owns 50% of Mid-Michigan Recycling, L.C. Mid-Michigan
Recycling was created to be involved in supplying waste
wood fuel initially for the Genesee Power Station Limited
Partnership.
05 Mid-Michigan Recycling, L.C. (50%)
04 *CMS International Operating Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1000
Dearborn, Michigan 48126
CMS International Operating Company is a Cayman Islands
corporation, formed to own and control project operating
and maintenance companies.
05 CMS Generation UK Operating Private Limited
06 Jorf Lasfar Aktiebolag
07 *CMS Morocco Operating Co, S.C.A. (99.7%)
20
05 *CMS (India) Operations & Maintenance Company Private
Limited (99%)
05 *CMS Morocco Operating Co., S.C.A. (.1%)
05 CMS Generation Jorf Lasfar III Limited Duration
Company (50%)
06 *CMS Morocco Operating Co., S.C.A. (.1%)
04 *CMS Generation Michigan Power L.L.C.
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Michigan Power L.L.C. is a Michigan limited
liability corporation formed to own generating units which
are to be sited in Michigan for the purpose of generating
power during peak demand periods.
04 Exeter Management Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
Exeter Management Company is a Connecticut corporation
involved as the General Partner in the Exeter Energy
Limited Partnership, which owns and operates the 29.8Mwe
tire fueled cogeneration plant in Sterling Connecticut.
04 *Hidroelectrica El Chocon S.A. (2.48%)
Address: 8311 Neuquen
Neuquen Province
Argentina
Hidroelectrica El Chocon S.A. is an Argentine company
which holds a thirty-year concession to operate two
hydroelectric power plants in Argentina.
04 Honey Lake II, L.P. (1%)
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1000
Dearborn, Michigan 48126
Honey Lake II, L.P. is a California limited partnership
created to participate as a 24.75% limited partner in the
cogeneration facility at Honey Lake, California.
21
05 H L Power Company (18.65%)
04 Honey Lake I, L.P. (1%)
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1000
Dearborn, Michigan 48126
Honey Lake I., L.P. is a California limited partnership
created to participate as a 24.75% limited partner in the
cogeneration facility at Honey Lake, California.
05 H L Power Company (18.65%)
04 Hydra-Co Enterprises, Inc.
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
Hydra-Co Enterprises, Inc. is a New York corporation
involved in the management and operation of various
plants. The plants are fueled by coal, natural gas, waste
wood and water (hydro). Also involved as construction
management responsibility for a 60 megawatt diesel-fueled
plant in Jamaica.
05 Caribbean Electric Power (40%)
05 CMS Generation Operating Company II, Inc.
06 HCO-Jamaica, Inc.
07 *Private Power Operations Limited (100%)
05 CMS Generation Stratton Company
05 HCE-Biopower, Inc.
05 HCE-Jamaica Development, Inc.
05 HCE-Rockfort Diesel, Inc.
06 *Jamaica Private Power Company, Limited (45.07%)
05 Hydra-Co Generation, Inc.
05 Little Falls Hydropower Associates (33.33%)
05 Lock 17 Management Group (33.33%)
22
05 Lock 17 Group (33.33%)
05 New Bern Energy Recovery, Inc.
05 Windpower Partners 1989 (8.5346%)
05 Jamaica Energy Team Limited (59.7%)
04 McCook Cogeneration Station, L.L.C. (50%)
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1000
Dearborn, Michigan 48126
McCook Cogeneration Station, L.L.C. is a Michigan limited
liability corporation involved in the development,
construction, ownership, and operation of a waste wood
cogeneration facility in Cook County, Illinois.
04 McCook Waste Wood Recovery Facility, L.L.C. (50%)
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1000
Dearborn, MI 48126
McCook Waste Wood Recovery Facility, LLC is 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, LLC.
04 Metro East, L.L.C. (50%)
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1000
Dearborn, Michigan 48126
Metro East, L.L.C. is a limited liability corporation
created to pursue cogeneration development possibilities
in East St. Louis, Illinois.
04 Midland Cogeneration Venture Expansion, LLC (50%)
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1000
Dearborn, Michigan 48126
23
Midland Cogeneration Venture Expansion, LLC is a Delaware
limited liability company formed to develop the MCV
Expansion including ordering and funding long-lead
equipment.
04 Notera Holding B.V.
Address: A. J. Ernststraat
595 H 1082 LD
Amsterdam, The Netherlands
Notera Holding B.V. is a Netherlands corporation and
currently inactive.
04 Oxford Tire Supply, Inc.
Address: Fairlane Plaza South,
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
Oxford Tire Supply, Inc. is a Delaware corporation formed
to collect and sell secondhand tires to dealers and scrap
tires to be burned as fuel at the Exeter Energy Plant in
Sterling, Connecticut.
04 Oxford Tire Recycling, Inc.
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
Oxford Tire Recycling, Inc. is a Delaware corporation
engaged in tire collection, shredding and storage, the
sale of used and shredded tires, and related business
activities.
04 Scudder Latin America Power I-C LDC (25%)
Address: 345 Park Avenue
New York, New York 10154-0010
Scudder Latin America Power I-C LDC is a Cayman Islands
corporation formed for the purposes of an Investment Fund
to invest (primarily passive) in electric generating
facilities and the electric infrastructure in Latin
America and the Caribbean.
04 **Taweelah A2 Operating Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
Taweelah 2 Operating Company is a Michigan corporation
formed to operate the Taweelah A2 project through a branch
office in Abu Dhabi, United Arab Emirates.
24
03 CMS International Ventures, L.L.C. (40.47%)
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS International Ventures, L.L.C. is a Michigan limited
liability corporation formed to own, manage and sell certain of
CMS Energy's international investments.
04 CMS Electric & Gas, L.L.C.
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Electric and Gas, L.L.C. is a Michigan limited
liability corporation. CMS International Distribution LLC
and CMS Electric and Gas Company merged on December 20,
2002 to form CMS Electric & Gas, L.L.C.
05 CMS Comercializadora de Energia Ltda (99.99%)
05 CMS Distribuidora Ltda (99.99%)
06 CMS Participacoes Ltda. (99.99%)
07 Agropecuaria Turvinho Ltda. (.01%)
07 **Companhia Paulista de Energia Eletrica
(CPEE) a Brazilian corporation (93.86),
08 Agropecuaria Turvinho Ltda. (99.99%)
08 **Companhia Sul Paulista de Energia
Eletrica (CSPE),
a Brazilian corporation (88.63%)
09 **Companhia Jaguari de Energia
S.A. (CJE),
a Brazilian corporation
10 **Compania Luz e Forca de
Mococo SA (CLFM)
10 CPEE Equipamentos Eletricos
e Servicos Ltda. (99.86%)
08 Paulista Lajeado Energia SA (7%)
08 Companhia Nova Paulista de
Energia
25
05 CMS Electric and Gas Moldova, L.L.C.
05 CMS Electric and Gas Sucursal (branch) Argentina
05 CMS Empreendimentos Ltda (99.99%)
05 CMS Netherlands Funding Company
05 CMS Venezuela S.A.
06 **Sistema Electrico del Estado Nueva Esparta
C.A. (SENCA) (52.37%)
05 ENELMAR, SA
06 **Sistema Electrico del Estado Nueva Esparta
C.A. (SENCA) (33.34%)
04 CMS Generation Investment Company III
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Generation Investment Company III is a Cayman Islands
corporation formed to have an ownership interest in
certain Indian power generation projects.
05 CMS Energy Mauritius Limited
06 TN LNG & Power Co. Ptv. Ltd. (India) (TIDCO)
(26.67%)
05 CMS Generation Jegurupadu I Limited Duration Company
(99%)
06 Jegurupadu O&M Company Mauritius (50%)
07 *Jegurupadu Operating & Maintenance Company
(60%)
05 CMS Generation Jegurupadu II Limited Duration Company
(99%)
06 Jegurupadu O&M Company Mauritius (50%)
07 *Jegurupadu Operating & Maintenance Company
(60%)
05 CMS Generation Neyveli Ltd. (100%)
06 *ST-CMS Electric Company Pvt. Ltd. (50%)
06 ST-CMS Electric Company (Mauritius) (41.5%)
26
05 Jegurupadu CMS Generation Company Ltd.
06 *GVK Industries Ltd. (23.75%)
04 CMS Generation Investment Company V
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1000
Dearborn, Michigan 48126
CMS Generation Investment Company V is a Cayman Islands
corporation formed to separate our projects on a regional
basis in order to provide the Company more liability
protection.
05 Compania de Inversiones CMS Energy Chile Limitada
(40%)
06 Gasoducto Atacama Argentina Limitada (10%)
06 Gasoducto Atacama Chile Limitada (50%)
07 Progas S.A. (99.99%)
07 Gasoducto Taltal Ltda. (99%)
06 GasAtacama Generacion Limitada (50%)
07 Progas S.A. (.01%)
07 Empresa de Transmission Electra Transemel
S.A. (40%)
07 CDEC-SING Limitada (16.666%)
06 GasAtacama S.A. (50%)
05 Gasoducto Atacama Argentina Limitada (20%)
06 Gasoducto Taltal Ltda. (1%)
05 Scudder Latin American Power I-P L.D.C. (25%)
05 Scudder Latin American Power II-P L.D.C. (4%)
04 CMS Generation, S.R.L. (99.99%)
Address: Edificio Torre Catalinas Plaza, Ing.
Enrique Butty 220
8 Piso (Av. E. Madero Alt. 800/900) (1300)
Buenos Aires, Argentina
27
CMS Generation, S.R.L. is an Argentine corporation formed
to invest in a hydroelectric power concession in
Argentina.
05 Hidroinvest S.A. (25%)
06 *Hidroelectrica El Chocon S.A (59%)
04 **CMS Operating, S.R.L. (99.999%)
Address: Edificio Torre Catalinas Plaza, Ing.
Enrique Butty 220
8 Piso (Av. E. Madero Alt. 800/900) (1300)
Buenos Aires, Argentina
CMS Operating, S.R.L. is an Argentine corporation created
to have a 80.55% interest through its subsidiary Cuyana de
Inversiones, S.A. in the Centrales Termicas Mendoza, S.A.
partnership. Centrales Termicas Mendoza, S.A. was formed
to acquire, own and operate the Lujan de Cuyo and Cruz de
Piedra plants in Argentina.
05 *CMS Ensenada S.A (99%)
05 Cuyana S.A. de Inversiones (99%)
06 Centrales Termicas Mendoza, S.A. (92.6%)
05 Transportadora de Gas del Mercosur (Argentina) (20%)
04 Western Australia Gas Transmission Company I
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
Western Australia Gas Transmission Company I is a Cayman
Islands corporation which is a holding company for certain
international assets.
05 CMS Gas Transmission del Sur Company
06 Atacama Finance Co. (50%)
06 CMS Atacama Company
06 Compania de Inversiones CMS Energy-Chile Ltda
(60%)
07 GasAtacama S.A. (50%)
07 Gasoducto Atacama Argentina Limitada (10%)
28
07 Gasoducto Atacama Chile Limitada (50%)
08 Gasoducto Taltal Limitada (99%)
08 Progas S.A. (99.99%)
07 GasAtacama Generacion Limitada (50%)
08 CDEC-SING (16.666%)
08 Empresa de Transmision Electrica
Transemel SA (40%)
08 Progas S.A. (.01%)
06 Energex Co. (30%)
06 Gasoducto Atacama Argentina Limitada (20%)
07 Gasoducto Taltal Ltda (1%)
06 Energex Co. (20%)
05 CMS Gas Transmission of Australia Holdings Company
06 CMS Gas Transmission of Australia
05 CMS International Finance Services Company
05 CMS Luxembourg SARL
06 Valandrid BV
07 CMS Goldfields Gas Transmission Australia
PTY. LTD.
08 SCP Investments (No. 1) PTY. LTD
(45%)
09 SCP Investments (No. 2) PTY. LTD
10 Southern Cross Pipelines
Australia PTY. LTD
11 Goldfields Gas
Transmission Joint
Venture (66.664%)
12 Goldfields Gas
Transmission
Pty. Ltd.
09 SCP Investments (NO 3) PTY. LTD
29
10 Southern Cross Pipelines
(NPL) Australia PTY.
LTD
11 Goldfields Gas
Transmission Joint
Venture
(25.5%)
12 Goldfields Gas
Transmission
PTY. LTD
07 CMS TriState Canada Unlimited Company
05 CMS Pamelia Gas Transmission Pty Ltd.
03 CMS Land Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Land Company is a Michigan corporation formed to act as a
repository for any unused real property formerly owned by
Consumers Energy Company and hold the same for possible
non-utility development.
03 CMS Marketing, Services and Trading Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Marketing, Services and Trading Company is a Michigan
corporation involved in providing gas, electric, oil and coal
marketing, risk management and energy management services.
04 CMS Merchant Services, L.L.C.
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Merchant Services, L.L.C. is a Michigan limited
liability corporation formed for the purpose of purchasing
capacity under the FERC's capacity release regulations for
monthly transactions.
30
04 CMS Viron Corporation
Address: 12980 Foster
Suite 400
County of Johnson
Overland Park, KS 66213-2646
CMS Viron Corporation is a Missouri corporation formed to
provide services in the areas of energy usage analysis and
the engineering and implementation of energy conservation
measures.
04 CMS MS&T Michigan L.L.C.
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48226
CMS MS&T is a Michigan limited liability company formed
for the sole purpose of taking an assignment of the
Ford/Rouge Electricity Sales Agreements from Dearborn
Industrial Generation L.L.C. (DIG) and to perform those
contracts.
04 CMS Texon Company
` Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48226
A Michigan corporation involved as a general partner in
Texon, LP, a Texas limited partnership engaged in
transporting, processing and marketing of crude oil and
natural gas liquids and services related thereto.
04 Dorman Energy L.L.C. (49%)
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
Dorman Energy, L.L.C. is a Michigan limited liability
corporation formed as a partner with a minority controlled
energy business to pursue minority set aside energy
contracts.
04 Premstar Energy Canada Ltd (50%)
Address: 330 Richmond Street
Suite 104
Chatham, Ontario Canada N7M 1P7
31
Premstar Energy Canada Ltd, is a Canadian corporation
engaged in purchasing, transporting, storing, selling,
brokering and marketing natural gas in North America and
energy-related consulting.
05 ECNG Inc (88%)
05 Energistics Group, Inc.
05 Premstar Metering Inc. (70%)
06 Canadian Meter Services Ltd.
03 CMS Resource Development Company
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Resource Development Company is a Michigan corporation
formed to pursue and develop various power sources outside the
United States.
03 CMS MicroPower Systems, L.L.C.
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS MicroPower Systems, L.L.C. is a Michigan limited liability
corporation formed for the purpose of leasing portable
generation assets.
03 CMS Texas LLC
Address: Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
CMS Texas LLC is a Texas limited liability corporation formed to
conduct business activities in Texas.
03 Explotaciones CMS Oil and Gas Company
Address: 1021 Main Street
Suite 2800
Houston, Texas 77002
Explotaciones CMS Oil and Gas Company is a Delaware corporation
and currently inactive.
32
02 CONSUMERS ENERGY COMPANY
Address: 212 West Michigan Avenue
Jackson, Michigan 49201
The consolidated operations of Consumers Energy Company ("Consumers")
account for the largest share of CMS Energy's total assets and income
and accounts for a substantial portion of its revenues. The name,
state of organization and nature of business of Consumers'
subsidiaries are described below:
03 CMS Engineering Co.
Address: 212 West Michigan Avenue
Jackson, Michigan 49201
CMS Engineering Company is 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.
03 CMS Midland Holdings Company
Address: 212 West Michigan Avenue
Jackson, Michigan 49201
CMS Midland Holdings Company is 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.
03 CMS Midland, Inc.
Address: 212 West Michigan Avenue
Jackson, Michigan 49201
CMS Midland, Inc. is as Michigan corporation engaged as a 49%
General Partner in the Midland Cogeneration Venture Limited
Partnership, a Michigan limited partnership.
03 Consumers Campus Holdings, LLC
Address: 212 West Michigan Avenue
Jackson, Michigan 49201
Consumers Campus Holdings, LLC is a Michigan limited liability
corporation formed for the purpose of being the lessee in the
synthetic lease financing of the new Consumers Energy Company
office building to be located in downtown Jackson, Michigan.
33
03 Consumers EnergyGuard Services, Inc.
Address: 212 West Michigan Avenue
Jackson, Michigan 49201
Consumers EnergyGuard Services, Inc. is a Michigan corporation
formed for the purpose of marketing EnergyGuard, a residential
bill payment insurance product to Consumers' residential
customers.
03 Consumers Funding LLC
Address: 212 West Michigan Avenue
Jackson, Michigan 49201
Consumers Funding LLC is a Delaware limited liability
corporation formed for the purpose of acting as assignee of
property transferred by Consumers and issuer of securitization
bonds.
03 Consumers Nuclear Services LLC
Address: 212 West Michigan Avenue
Jackson, Michigan 49201
Consumers Nuclear Services LLC is a Michigan corporation formed
for the purpose of holding the 20% member interest in Nuclear
Management LLC.
04 Nuclear Management Company LLC (20%)
Address: 700 First Street
Hudson, Wisconsin 54016
Nuclear Management Company is a Wisconsin limited
liability company formed to achieve enhanced reliability
and continued safe operation, to pursue overall excellence
in nuclear power operations, as well as to identify
efficiencies in the provision of operating services to
nuclear facilities.
03 Consumers Parnall Holdings, LLC
Address: 212 Wes Michigan Avenue
Jackson, Michigan 49201
Consumers Parnall Holdings, LLC is a Michigan limited liability
corporation formed for the purposes of holding the Consumers
Parnall facility.
34
03 Consumers Receivables Funding, LLC
Address: 212 West Michigan Avenue
Jackson, Michigan 49201
Consumers Receivables Funding, LLC is a Delaware limited
liability corporation formed for the purposes of buying certain
accounts receivables from Consumers Energy Company and sell them
to a third party.
03 ES Services Company
Address: 212 West Michigan Avenue
Jackson, Michigan 49201
ES Services Company is a Michigan corporation formed for the
purpose of offering design, engineering, project management and
related services primarily to electric utilities and generation
facilities.
03 MEC Development Corp.
Address: 212 West Michigan Avenue
Jackson, Michigan 49201
MEC Development Corp. is 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.
35
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.
-------------------------------------------------------------------------
Claimant has no directly owned properties used for such purposes.
Claimant's subsidiary Consumers 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:
2002 2002
Summer Net
Size and Year Demonstrated Net Generation
Name and Location (Michigan) Entering Service Capability (kW) (Thousands of kWhs)
---------------------------- ---------------- --------------- -------------------
Coal Generation
J H Campbell 1&2 - West Olive 2 Units, 1962-1967 615,000 4,406,940
J H Campbell 3 - West Olive 1 Unit, 1980 765,140(a) 4,511,713
D E Karn - Essexville 2 Units, 1959-1961 515,000 3,824,249
B C Cobb - Muskegon 2 Units, 1956-1957 316,000 2,150,510
J R Whiting - Erie 3 Units, 1952-1953 326,000 2,262,509
J C Weadock - Essexville 2 Units, 1955-1958 310,000 2,205,575
TOTAL COAL GENERATION 2,847,140 19,361,496
--------- ----------
Oil/Gas Generation
B C Cobb - Muskegon 3 Units, 1999-2000 183,000 38,035
D E Karn - Essexville 2 Units, 1975-1977 1,276,000 650,008
TOTAL OIL/GAS GENERATION 1,459,000 688,043
--------- ----------
Hydroelectric
Conventional Hydro Generation 13 Plants, 1906-1949 73,540 386,691
Ludington Pumped Storage 6 Units, 1973 954,700(b) (486,322)(c)
TOTAL HYDROELECTRIC 1,028,240 (99,631)
--------- ----------
36
Nuclear Generation
Palisades - South Haven 1 Unit, 1971 767,000 6,357,962
TOTAL NUCLEAR GENERATION 767,000 6,357,962
--------- ----------
Gas/Oil Combustion Turbine
Generation 8 Plants, 1966-1999 346,800(d) 12,743
TOTAL GAS/OIL COMBUSTION TURBINE 346,800 12,743
--------- ----------
TOTAL OWNED GENERATION 6,448,180 26,320,613
--------- ==========
Purchased and Interchange Power Capacity 1,741,180(e)
---------
TOTAL 8,189,360
(a) Represents Consumers' share of the capacity of the J H Campbell 3, net
of 6.69 percent (ownership interests of the Michigan Public Power
Agency and Wolverine Power Supply Cooperative, Inc.).
(b) Represents Consumers' share of the capacity of Ludington. Consumers and
Detroit Edison have 51 percent and 49 percent undivided ownership,
respectively, in the plant.
(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.
(d) Includes 1.8 MW of distributed generation.
(e) Includes 1,240 MW of purchased contract capacity from the MCV Facility.
Electric subtransmission and distribution lines are located on or under public
highways, streets, alleys or lands, except where they are located on or under
easements or other rights. Consumers owns 338 miles of 138kV high voltage
distribution radial lines. The high voltage distribution system consists of
4,159 structural miles of overhead 46kV and 23 kV high voltage distribution
lines and 16 subsurface miles of underground 46kV high voltage distribution
lines. The distribution system consists of 54,681 structural miles of overhead
lines and 8,201 subsurface miles of underground lines.
Consumers owns substations having an aggregate transformer capacity of
20,596,240 kilovoltamperes.
37
On April 1, 2001, Consumers transferred its investment in electric transmission
lines and substations to a wholly owned subsidiary, Michigan Electric
Transmission Company (METC). On May 1, 2002, Consumers sold its interest in METC
to a third party, Michigan Transco Holdings, LLC, and no longer owns
transmission facilities. The new transmission company is called Michigan
Electric Transmission Company, LLC (METC, LLC).
Consumers is interconnected to METC, LLC and to some municipal electric
utilities in Michigan. METC, LLC is interconnected with neighboring utilities as
well as out-state transmission systems.
(2) Gas Properties
Consumers' gas distribution and transmission system consists of
25,218 miles of distribution mains and 1,624 miles of transmission lines
throughout Michigan's lower peninsula. It owns and operates seven
compressor stations with a total of 162,000 installed horsepower.
Consumers has 14 gas storage fields located across Michigan with an
aggregate storage capacity of 330.8 bcf.
In February 2002, the FERC approved Michigan Gas Storage's
application for a declaration of exemption from provisions of the Natural
Gas Act. This allowed Consumers to merge with Michigan Gas Storage
effective when an appropriate MPSC order was issued. The merger was
approved and completed in November 2002.
-------------------------------------------------------------------------
3. THE FOLLOWING INFORMATION FOR THE LAST CALENDAR YEAR WITH
RESPECT TO CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY
COMPANIES:
-------------------------------------------------------------------------
ELECTRIC ENERGY
(A) NUMBER OF KWH OF ELECTRIC ENERGY SOLD (AT RETAIL OR
WHOLESALE).
SUBSIDIARY kWh
---------- ---
Consumers Energy Total 37,371,746,552
CMS MS&T Total 32,023,077,500
--------------
69,394,824,052
(B) NUMBER OF KWH OF ELECTRIC ENERGY DISTRIBUTED AT RETAIL OUTSIDE
MICHIGAN.
SUBSIDIARY kWh
---------- ---
Consumers Energy Total 0
CMS MS&T Total 0
---
Total Electric Energy Distributed Outside of the
State of Michigan 0
===
38
(C) NUMBER OF KWH OF ELECTRIC ENERGY SOLD AT WHOLESALE OUTSIDE
MICHIGAN OR AT MICHIGAN'S STATE LINE.
SUBSIDIARY kWh
---------- ---
Consumers Energy Total 642,711,000
CMS MS&T Total 60,992, 768,870
---------------
Total Electric Energy Sold at Wholesale
Outside the State of Michigan or
at Michigan's State Line.
61,635,479,870
==============
(D) NUMBER OF KWH OF ELECTRIC ENERGY PURCHASED OUTSIDE MICHIGAN OR
AT MICHIGAN'S STATE LINE.
SUBSIDIARY kWh
---------- ---
Consumers Energy Total 2,667,902,000
CMS MS&T Total 60,551,717,000
--------------
Total Electric Energy Purchased Outside of
Michigan 63,219,619,000
==============
NATURAL GAS
CMS Energy information reports for natural gas, as it does not deal with
or in manufactured gas.
(A) NUMBER OF MCF OF NATURAL GAS DISTRIBUTED AT RETAIL.
SUBSIDIARY Mcf
---------- ---
Consumers Energy Total 248,822,000
CMS MS&T Total 77,676,145
--------------
Total Natural Gas Distributed at Retail 326,498,145
==============
(B) NUMBER OF MCF OF NATURAL GAS DISTRIBUTED AT RETAIL OUTSIDE
MICHIGAN.
SUBSIDIARY Mcf
---------- ---
Consumers Energy Total 0
CMS MS&T Total 69,256,959
--------------
Total Natural Gas Distributed at Retail 69,256,959
==============
Outside the State of Michigan
39
(C) NUMBER OF MCF OF NATURAL GAS SOLD AT WHOLESALE OUTSIDE MICHIGAN
OR AT MICHIGAN'S STATE LINE.
SUBSIDIARY Mcf
---------- ---
Consumers Energy Total 0
CMS Marketing Total 241,587,480
-----------
Total Natural Gas Sold at Wholesale
Outside Michigan or at Michigan's State Line. 241,587,480
===========
(D) NUMBER OF MCF OF NATURAL GAS PURCHASED OUTSIDE MICHIGAN.
SUBSIDIARY Mcf
---------- ---
Consumers Energy Total 217,316,000
CMS MS&T Total 544,401,547
-----------
Total Natural Gas Purchased Outside of Michigan 761,717,547
===========
40
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;
(b) Name of each system company that holds an interest in such EWG
or foreign utility company; and description of the interest
held;
(c) Type and amount of the 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;
(d) Capitalization and earnings of the EWG or foreign utility
company during the reporting period; and
(e) Identify any service, sales or construction contract(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).
--------------------------------------------------------------------------------
CMS ENERGY'S EWGs AND FUCOs
As of December 31, 2002, CMS Energy had interests in 21 EWGs and 11
FUCOs:
EXEMPT WHOLESALE GENERATORS:
1. CENTRALES TERMICAS MENDOZA, S.A. ("CTM")
(a) Centrales Termicas Mendoza, S.A.
Edificio torre Catalinas Plaza
Ing. Butty 220, 8th Floor
Buenos Aires, Argentina
Centrales Termicas Mendoza, S.A. an Argentina company, is an EWG
and is the owner of a 540 MW facility in Lujan de Cuyo and a 15
MW generating unit in Cruz de Piedra, both located in Mendoza.
(b) CMS Enterprises Company owns 42.7% of CMS International
Ventures, L.L.C. which owns
41
100% of CMS Operating, S.A., which owns 100% of Cuyana S.A. de
Inversiones. Cuyana S.A. de Inversiones owns 92.6% of CTM.
(c) As of December 31, 2002, CMS Generation has invested
approximately $76 million in CTM through its subsidiaries CMS
Operating S.A. and Cuyana. de Inversiones S.A.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 122,944
Irrevocable Contributions $ 86,948
CTA $ (135,068)
Retained Earnings $ 1,400
Total $ 76,224
Net Income (Loss) for the period ended 12/31/02 $ (17,342)
(e) As of December 31, 2002, Centrales Termicas Mendoza, S.A., had 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. In 2002, total fees earned
from the contract were $1,127,195.
2. CENTRALES TERMICAS SAN NICOLAS, S.A. ("CTSN")
(a) Centrales Termicas San Nicolas, S.A.
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. CMS Generation Co.
holds a 0.016% indirect ownership interest in CTSN.
(b) CMS Generation Company has .1% interest in CMS Generation San
Nicolas Company, which has a .1% interest in Inversora San
Nicolas, S.A, which owns 88% interest in CTSN. The remaining 12%
interest is held by the Argentine government on behalf of the
facility's employees. See Exhibit B.
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.
(c) As of December 31, 2002, CMS Generation San Nicolas Company had
invested approximately $4.2 million of equity in CTSN. CMS
Energy has been released from all guarantees related to CTSN.
42
(d)
Capitalization at 12/31/02
Bank Loans (000s)
Long Term Debt (Partners Loans) $0.00
Shareholder's Equity $0.00
Total Capitalization $0.00
Net Income (Loss) for the
period ended 12/31/02 $0.00
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.
(e) N/A
3. CMS DISTRIBUTED POWER, L.L.C.
(a) CMS Distributed Power, L.L.C. ("CDP")
Fairlane Plaza South
330 Town Center Drive, Suite 300
Dearborn, Michigan 48126
CDP, a Michigan limited liability company, is an EWG and owns a 16.6 MW
generator facility located in Zilwaukee, Michigan.
(b) CMS Enterprises Company owns 100% of CDP.
(c) As of December 31, 2002 CMS Enterprises Company has invested
approximately $7.7 million of capital in CDP.
(d)
Capitalization at 12/31/02
Bank Loans (000s)
Long Term Debt (Partners Loans) $ 0
Shareholder's Equity $5,086
Total Capitalization $5,086
Net Income (Loss) for the
period ended 12/31/02 $5,934
$ (847)
(e) During the year 2002, CDP had no power purchase agreements.
43
4. CMS ENSENADA S.A. ("ENSENADA")
(a) CMS Ensenada S.A.
Edificio Torre Catalinas Plaza
Ing. Butty 220 8th Floor
(1101) Buenos Aires, Argentina
Ensenada, an Argentine company, is an EWG and is the owner of a 128 MW
natural gas-fired power plant, located on the grounds of YPF S.A.'s La
Plata oil refinery, located in the province of Buenos Aires, Argentina.
(b) CMS Operating S.A. owns 100% of CMS Ensenada S.A. See Exhibit B.
(c) As of December 31, 2002, CMS Operating S.A. had invested
approximately $39.13 million of equity in Ensenada.
(d)
Capitalization at 12/31/02 (000)
Shareholder's Equity $ 12
CTA $(52,105)
Irrevocable Contribution $ 39,118
OPIC Loan (LT)s $ 45,652
Retained Earnings $ (5,196)
Total Capitalization $ 27,481
Net Income (Loss) for the period
ended 12/31/02 $ (8,139)
(e) As of December 31, 2002, CMS Ensenada S.A. maintains a 7 year
Operating and Maintenance Agreement with CMS Operating S.A. to
operate and maintain the La Plata cogeneration plant. This
agreement took effect in 1997. In 2002, total fees earned were
$500,000.
5. CMS (INDIA) OPERATIONS & MAINTENANCE COMPANY PRIVATE LIMITED (CMS
(INDIA))
(a) CMS (India) Operations and Maintenance Company Private Limited
F-40 N.D.S.E. Part 1
New Delhi - 110 149
India
(b) CMS (India) O & M Company Private Limited, an Indian company, is
the operator of a 250MW lignite-fired power station located in
Neyveli, Tamil Nadu, India. The plant is a 50%-50% joint venture
between CMS Generation Neyveli Ltd and ABB Power Investment
(India) B.V. The plant achieved commercial operation on December
15, 2002.
(c) CMS International Operating Company owns 100% of CMS (India) O &
M Company Private Limited. As of December 31, 2002, CMS
International Company has invested approximately $55,000 of
equity in CMS (India) O & M Company Private Limited.
44
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 187
(e) As of December 31, 2002 CMS (India) O & M Private Ltd has an
operating maintenance agreement with ST-CMS, effective November
15, 1999. In 2002 $661,129 was earned as fees.
6. CMS GENERATION MICHIGAN POWER LLC
(a) CMS Generation Michigan Power LLC
Fairlane Plaza South
330 Town Center Drive
Dearborn, Michigan 48126
CMS Generation Michigan Power LLC, a United States company, is an EWG and
owns a 68 MW natural gas-fired peaking facility located in Comstock,
Michigan and a 132 MW natural gas-fired peaking facility located in
Gaylord, Michigan.
(b) CMS Generation Co. owns 100% of CMS Generation Michigan Power
LLC. See Exhibit B.
(c) As of December 31, 2002, CMS Generation Co. had invested
approximately $9 million of equity in CMS Generation Michigan
Power LLC.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 8,740
Net Income (Loss) for the
period ended 12/31/02 $ (63,565)
(e) As of December 31, 2002, CMS Generation Michigan Power, LLC had
an Operating and Maintenance Agreement with CMS Generation Co. In
2002, the total fees earned from the agreement were $209,982.
7. CMS GENERATION OPERATING COMPANY
(a) CMS Generation Operating Company
Fairlane Plaza South
330 Town Center Drive
Dearborn, Michigan 48126
CMS Generation Operating Company, a United States company, is an EWG and
is the operator of a 68 MW natural gas-fired peaking facility located in
Comstock, Michigan and a 132 MW natural gas-fired peaking facility
located in Gaylord, Michigan.
(b) CMS Generation Co. owns 100% of CMS Generation Operating Co. See
Exhibit B.
45
(c) As of December 31, 2002, CMS Generation Co. had invested
approximately $1.7 million in CMS Generation Operating Company.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 1,703
Net Income (Loss) for the period
ended 12/31/02 $ 717
(e) N/A
8. CMS INTERNATIONAL OPERATING COMPANY
(a) CMS International Operating Company
C/O Maples and Calder
Ugland House
P.O. Box 309, South Church Street
George Town, Cayman Islands, British West Indies
CMS International Operating Company, a Cayman Islands company, is an EWG
and is the operator of a 220 MW combined cycle thermal power plant under
construction located at the Takoradi Power Plant Complex near Takoradi at
Aboadze in the Western Region of the Republic of Ghana.
(b) CMS Generation Co. owns 100% of CMS International Operating
Company. See Exhibit B.
(c) As of December 31, 2002, CMS Generation Co. had invested
approximately $2.3 million in CMS International Operating
Company.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 17,317
Cumulative Translation Adjustment $ (545)
Net Income (Loss) for the period
ended 12/31/02 $ 4,649
(e) NA
9. CMS MOROCCO OPERATING CO., SCA ("CMS MOROCCO")
(a) CMS Morocco Operating Company SCA
BP 99 Sidi Bouzid
El Jadida
Morocco
CMS Morocco, a Moroccan company, is an EWG that operates two 330 MW
electric generating plants and two additional 348 MW electric generating
plants at the port of Jorf Lasfar on the Atlantic coast of Morocco.
46
(b) Jorf Lasfar Aktiebolag, CMS Generation Investment Company I, CMS
International Operating Company, and CMS Generation Jorf Lasfar
III Limited Duration Company own 99.7%, 0.1%, 0.1%, and 0.1%,
respectively, of CMS Morocco. See Exhibit B.
(c) As of December 31, 2002, Jorf Lasfar Aktiebolag, CMS Generation
Investment Company I, CMS International Operating Company, and
CMS Generation Jorf Lasfar III Limited Duration Company, had
invested approximately $2.3 million of equity in CMS Morocco.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 17,317
Net Income (Loss) for the period ended 12/31/02 $ 4,649
(e) N/A
10. DEARBORN GENERATION OPERATING, L.L.C. ("DEARBORN GENERATION
OPERATING")
(a) Dearborn Generation Operating
Fairlane Plaza South
330 Town Center, Suite 1100
Dearborn, Michigan 48126
Dearborn Generation Operating, a United States company, is an EWG and is
the operator of a 155 MW natural gas-fired facility and an approximately
550 MW natural gas-fired facility under construction located in Dearborn,
Michigan.
(b) CMS Generation Co. owns 100% of Dearborn Generation Operating.
See Exhibit B.
(c) As of December 31, 2002, CMS Generation Co. had invested $3.5
million in Dearborn Generation Operating.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 4,756
Net Income (Loss) for the period ended 12/31/02 $ (642)
(e) As of December 31, 2002, Dearborn Generation Operating had an
operating and maintenance agreement with Dearborn Industrial
Generation. In 2002 the total operating and management fees were
$594,660.
47
11. DEARBORN INDUSTRIAL GENERATION, L.L.C. ("DEARBORN INDUSTRIAL
GENERATION")
(a) Dearborn Industrial Generation, L.L.C.
Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
Dearborn Industrial Generation, a United States company, is an EWG and is
the owner of a 155 MW natural gas-fired facility and an approximately 550
MW natural gas-fired facility under construction located in Dearborn,
Michigan.
(b) Dearborn Industrial Energy L.L.C. owns 100% of Dearborn
Industrial Generation. See Exhibit B.
(c) As of December 31, 2002, CMS Generation Co. had invested $562
million in Dearborn Industrial Generation.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 83,758
Net Income (Loss) for the period ended 12/31/02 $(437,516)
(e) N/A
12. EXETER ENERGY LIMITED PARTNERSHIP
(a) Exeter Energy Limited Partnership
Fairlane Plaza South
330 Town Center Drive, Suite 1100
Dearborn, Michigan 48126
Exeter Energy Limited Partnership, a United States company, is an EWG and
owns a 26 MW waste tires-fired facility located in Sterling, Connecticut.
(b) CMS Generation Co., Exeter Management Company and Oxford/CMS
Development L.P. own 50%, 2% and 48%, respectively, of Exeter
Energy Limited Partnership. See Exhibit B.
(c) As of December 31, 2002, CMS Generation Co. has invested
approximately $15 Million of equity in Exeter Energy Limited
Partnership.
(d)
Capitalization at 12/31/02 (000s)
Partners' Capital $ 18,278
Net Income (Loss) for the period ended 12/31/02 $ 242
48
(e) As of December 31, 2002, Exeter Energy Limited Partnership had an
Operating and Maintenance Agreement with CMS Generation Co. In
2002, the total fees earned from the agreement were $0.
13. GVK INDUSTRIES LIMITED ("GVK")
(a) GVK Industries Limited
Road No. 1
Banjara Hills, Hyderabad
India
GVK, an Indian company, is an EWG and is owner of a 235 MW electric
generating plant located in Jegurupadu, Andra Pradesh, India.
(b) Jegurupadu CMS Generation Company Limited, owns 23.75% of GVK.
See Exhibit B.
(c) As of December 31, 2002, Jegurupadu CMS Generation Company
Limited had invested $33.6 million of equity in GVK Industries,
directly and indirectly through Classic Investment I and Classic
Investment II.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $112,721
LT Liabilities $ 70,384
Net Income (Loss) for the period ended 12/31/02 $ 8,233
(e) As of December 31, 2002, GVK Industries had a restated 10 year
Operation and Maintenance Agreement with Jegurupadu Operating,
which became effective on the commercial operation date of the
steam turbine unit. In 2002, total fees earned from the agreement
were $214,977.
14. HIDROELECTRICA EL CHOCON, S.A. ("HIDROELECTRICA")
(a) Hidroelectrica El Chocon, S.A.
Avenida Espana
3301 Capital Federal, 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.
(b) CMS Generation S.R.L. owns 2.48% of Hidroelectrica. Hidroinvest,
S.A. owns 59% of Hidroelectrica. CMS Generation Holdings Company
owns 2.48% of Hidroelectrica. See Exhibit B.
49
(c) As of December 31, 2002, CMS Generation, S.R.L. has invested
approximately $56MM of equity in Hidroelectrica El Chocon. CMS
Generation, SRL' net investment in Hidroelectrica El Chocon, S.A.
was written down to $0 due to the economic conditions in
Argentina which resulted in a negative Currency Translation
Adjustment.
(d)
Capitalization at 12/31/02 (000s)
Bank Loans $ 140,000
Shareholder's Equity $ 269,002
Cumulative Translation
Adjustment $(256,968)
Total Capitalization $ 152,034
Net Income (Loss) for the period ended 12/31/02 $(107,410)
(e) N/A
15. JAMAICA PRIVATE POWER COMPANY LIMITED ("JAMAICA PRIVATE POWER")
(a) Jamaica Private Power Company Limited
100 Windward Road,
Kingston 2,
Jamaica, W.I.
Jamaica Private Power, a Jamaican company, is an EWG and is the owner of
a 65 MW electric generating facility in Rockfort, Kingston, Jamaica.
(b) HCE-Rockfort Diesel owns 42.3 % of Jamaica Private Power. See
Exhibit B.
(c) As of December 31, 2002 HCE Rockfort Diesel had invested
approximately $26.8 million in Jamaica Private Power.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $56,384
Long-Term Debt $60,394
Net Income (Loss) for the period ended 12/31/02 $12,264
(e) As of December 31, 2002, Jamaica Private Power had an operating
agreement with Private Power. In 2002, total fees earned from the
agreement were $289,879 and an operating bonus of $455,324 was
paid.
16. JEGURUPADU OPERATING AND MAINTENANCE COMPANY ("JEGURUPADU
OPERATING")
(a) Jegurupadu Operating and Maintenance Company
F-40, N.D.S.E., Part I
New Delhi 110 149
India
50
Jegurupadu Operating, a Mauritius company, is an EWG and is the operator
of a 235 MW electric generating plant located in Jegurupadu, Andra
Pradesh, India. The plant is owned by GVK Industries Limited.
(b) Jegurupadu O&M Company Mauritius, owns 60% of Jegurupadu
Operating. See Exhibit B.
(c) As of December 31, 2002, Jegurupadu O&M Company had invested
approximately $4.1 million of equity in Jegurupadu Operating
Maintenance Company, India.
(d)
Capitalization at 12/31/02 (000s)
Shareholders' Equity $ 627
Net Income (Loss) for the period ended 12/31/02 $ 887
(e) As of December 31, 2002, GVK Industries, had a restated 10 year
Operation and Maintenance Agreement with Jegurupadu Operating,
which became effective on the commercial operation date of the
steam turbine unit. In 2002, total fees earned from the agreement
were $214,977.
17. JORF LASFAR ENERGY COMPANY SCA ("JORF LASFAR")
(a) Jorf Lasfar Energy Company SCA
BP 99 Sidi Bouzid
El Jadida
Morocco
Jorf Lasfar, a Moroccan company, is an EWG that operates through a
subcontractor, CMS Morocco Operating Company SCA, four 330 MW electric
generating plants located at the port of Jorf Lasfar on the Atlantic
coast of Morocco.
(b) Jorf Lasfar Energiaktiebolag, Jorf Lasfar Power Energy
Aktiebolag, and Jorf Lasfar Handelsbolag HB, own 25%, 23% and 2%,
respectively, of Jorf Lasfar. See Exhibit B
(c) As of December 31, 2002, CMS Investment Company IV had invested
approximately $241 million of equity in Jorf Lasfar.
(d)
Capitalization at 11/30/02 (000s)
Shareholder's Equity $474,794
Long Term Loans $561,796
Net Income (Loss) for the period ended 11/30/02 $124,011
(e) As of December 31, 2002, Jorf Lasfar had an Operating and
Maintenance Agreement with CMS Morocco, which became effective
September 4, 1997. In 2002, total fees earned under the agreement
were $2,699,524.
51
18. CMS PANHANDLE LAKE CHARLES GENERATION COMPANY, LLC
(a) CMS Panhandle Lake Charles Generation Company, LLC
5444 Westheimer Road
Houston, Texas 77056
CMS Panhandle Lake Charles Generation Company, LLC, a Delaware limited
liability company, is an EWG and is the owner of a 50% undivided interest
in an electric generating facility with a nominal capacity of 21 MW (15
MW of which is available through the currently operable generator)
located near Lake Charles, Louisiana. The facility is operated by
Trunkline LNG Company, LLC.
(b) CMS Panhandle Holdings, LLC owns 100% of CMS Panhandle Lake
Charles Generation Company, LLC. See Exhibit B.
(c) As of December 31, 2002, CMS Panhandle Holdings, LLC had invested
approximately $3 million of equity in CMS Panhandle Lake Charles
Generation Company, LLC.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 3,464
Net Income (Loss) for the period ended 12/31/02 $ (108)
(e) N/A
19. PRIVATE POWER OPERATORS LIMITED ("PRIVATE POWER")
(a) Private Power Operators Limited
100 Windward Road
Kingston 2,
Jamaica, W.I.
Private Power, a Jamaican company, is an EWG and is the operator of a 65
MW electric generating facility in Rockfort, Kingston, Jamaica.
(b) HCO-Jamaica, Inc. owns 100% of Private Power. See Exhibit B.
(c) As of December 31, 2002, HCO Jamaica, Inc. invested approximately
$10,000 of equity in Private Power.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 10
Net Income (Loss) for the period ended 12/31/02 $ (0)
(e) N/A.
52
20. ST-CMS ELECTRIC COMPANY PVT. LTD. ("ST-CMS")
(a) ST-CMS Electric Company Private Ltd.
F-40 N.D.S.E. Part - I
New Delhi - 110 149
India
(b) The project is a 250 MW lignite-fired power station located in
Neyveli, Tamil Nedu, India. The project is a 50%-50% joint
venture between CMS Generation Neyveli Ltd. and ABB Power
Investment (India) B.V. The plant achieved commercial operation
on December 15, 2002.
(c) As of December 31, 2002, CMS Generation Neyveli Limited had
invested approximately $47 million of equity in ST-CMS.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 86,760
Long-Term Loans $209,966
(e) As of December 31, 2002 CMS (India) O & M Private Limited had an
operating & maintenance agreement with ST-CMS, effective November
15, 1999. In 2002, $661,129 was earned in fees.
21. TAKORADI INTERNATIONAL COMPANY
(a) Takoradi International Company
c/o Maples and Calder
Ugland House
P.O. Box 309, South Church Street
George Town, Cayman Islands, British West Indies
Takoradi International Company, a Cayman Island company, is an EWG and is
the 90% owner of a 220 MW combined cycle thermal power plant located at
the Takoradi Power Plant Complex near Takoradi at Aboadze in the Western
Region of the Republic of Ghana.
(b) CMS Takoradi Investment Company II owns 90% of Takoradi
International Company. See Exhibit B.
(c) As of December 31, 2002, CMS Generation Investment Company VI had
invested approximately $113 million in Takoradi International
Company.
(d) Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 104,984
Net Income (Loss) for the period ended 12/31/02 $ 14,301
(e) As of December 31, 2002, there were two operating and management
fee agreements; (i)
53
between CMS Generation Co. and Takoradi International Company and
(ii) between CMS Generation Co. and Volta River Authority. In
2002, total operating and management fees earned were $856,457.
FOREIGN UTILITY COMPANIES
1. CMS GENERATION HORIZON ENERGY HOLDINGS LIMITED ("CMSG")
(a) CMS Generation Horizon Energy Holdings Limited
P.O. Box 309
Ugland House, South Church Street
Grand Cayman, Cayman Islands, British West Indies
CMSG, a Cayman Islands company, is a foreign utility company and is
part-owner and operator of a 2,000 MW power station an associated lignite
mine located at Loy Yang, Victoria, Australia.
(b) CMS Generation Loy Yang Holdings 2 Ltd., a wholly owned
subsidiary of CMS Generation Investment Company I., owns 100% of
CMSG Horizon Energy Holdings Ltd. See Exhibit B.
(c) As of December 31, 2002, CMS Generation Investment Company I had
advanced approximately $157 million to CMSG Horizon Energy
Holdings Ltd.
(d)
Capitalization at 12/31/02 (000s)
Shareholders Equity (158,238)
Cumulative Translation $ (83,680)
Intercompany Note Payable $ 156,968
Net Income (Loss) for the period ended 12/31/02 $ (25)
(e) As of December 31, 2002, CMSG had an Industry Expertise Fee
agreement with Loy Yang Power Partners. In 2002, no fees were
earned from the agreement.
2. CMS OPERATING S.A.
(a) CMS Operating S.A.
Edificio torre Catalinas Plaza
Ing. Butty 220, 8th Floor
Buenos Aires, Argentina
CMS Operating S.A., an Argentina company, has ownership interest of 100%
in and is the operator of Ensenada, an EWG. As of December 31, 2002,
Centrales Termicas Mendoza S.A., located in Mendoza Argentina, has an
operation and maintenance contract, and a consulting contract with CMS
Operating S.A. Refer to EWG section item 1, part (e).
54
(b) CMS International Ventures, LLC owns 100% of CMS Operating S.A.
(c) As of December 31, 2002, CMS International Venture LLC had
invested approximately $84 million of equity in CMS Operating
S.A.
(d)
Capitalization at 12/31/02 (000s)
Common Stock $ 35,785
Irrevocable Contributions $ 230,747
Retained Earnings $ (3,700)
CTA $(178,923)
Total $ 83,909
Net Income (Loss) for the period ended 12/31/02 $ (18,630)
(e) N/A
3. COMPANHIA JAGUARI DE ENERGIA ("JAGUARI")
(a) Companhia Jaguari De Energia
Vigato 1.620, Street
Jaguariuna - SP - Brazil
Zip Code 13820-000
Jaguari, a Brazilian company, is a foreign utility company that owns and
operates an electricity distribution concession located in the state of
Sao Paulo. Jaguari is a non-traded utility company controlled by CPEE.
Jaguari serves approximately 25,000 customers.
(b) Jaguari is 100% owned by Sul Paulista. See CPEE below and
Exhibit B.
(c) As of December 31, 2002, Sul Paulista has invested $22 million
in Jaguari.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 21,981
Net Income (Loss) for the period ended 12/31/02 $ 5,889
(e) N/A
55
4. COMPANHIA LUZ E FORCA DE MOCOCA ("MOCOCA")
(a) Companhia Luz E Forda De Mococa
Vigato 1.620, Street - 1st Floor - room 3
Jaguariuna - SP- Brazil
Zip Code 13820-000
Mococa, a Brazilian company, is a foreign utility company that owns and operates
an electricity distribution concession located in the state of Sao Paulo and the
State of Minas Gerais, Brazil. Mococa is a non-traded utility company controlled
by CPEE. Mococa serves approximately 34,000 customers.
(b) Mococa is 100% owned by Jaguari. See CPEE below and Exhibit B.
(c) As of December 31, 2002, Jaguari has invested $6.5 million in Mococa.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 6,476
Net Income (Loss) for the period ended 12/31/02 $ 1,163
(e) N/A
5. COMPANHIA PAULISTA DE ENERGIA ELECTRICA ("CPEE")
(a) Companhia Paulista De Energia Electrica
Vigato 1.620, Street - 1st Floor - room 1
Jaguariuna - SP -Brazil
Zip Code 13820-000
CPEE, a Brazilian company, is a foreign utility company that owns and operates
an electricity distribution concession in the state of Sao Paulo, Brazil and
also has a controlling interest in 3 other non-traded utility companies which
own and operate electricity distribution concessions located in the state of Sao
Paulo and in the state of Minas Gerais. CPEE and its controlled companies serve
approximately 160,000 customers. CPEE also owns a 7 percent interest in Investco
S.A., which owns an 850 MW hydroelectric plant, which started commercial
operations in December 2001.
(b) CMS Participacoes Ltda. owns 94% of CPEE. See Exhibit B.
(c) As of December 31, 2002, CMS Participacoes Ltda. has invested $64
million in CPEE.
Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 39,017
Net Income (Loss) for the period ended 12/31/02 $ 7,439
56
6. COMPANHIA SUL PAULISTA DE ENERGIA ELECTRICA ("SUL PAULISTA")
(a) Companhia Sul Paulista De Energia
Vigato 1.620, Street - 1st Floor - room 2
Jaguariuna - SP - Brazil
Zip Code 13820-000
Sul Paulista, a Brazilian company, is a foreign utility company that owns
and operates an electricity distribution concession located in the state
of Sao Paulo. Sul Paulista is a non-traded utility company controlled by
CPEE. Sul Paulista serves approximately 58,000 customers.
(b) Sul Paulista is 88.63% owned by CPEE. See CPEE above and Exhibit
B.
(c) As of December 31, 2002, CPEE has invested $33 million in
Paulista.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 37,581
Net Income (Loss) for the period
ended 12/31/02 $ 7,510
(e) N/A
7. EMIRATES CMS POWER COMPANY
(a) P.O. Box 47688
United Arab Emirates
Al Mansoor Tower,
7th Floor, Suite 701
Abu Dhabi
Emirates CMS Power Company, an U.A.E. Abu Dhabi Emirate, is a foreign
utility company that owns a generation and desalination facility in
Taweelah, Abu Dhabi.
(b) CMS Generation Taweelah Limited owns 40% of Emirates CMS Power
Company.
(c) As of November 30, 2002, CMS Generation Taweelah Limited had
invested $57 million in equity of Emirates CMS Power Company.
57
(d)
Capitalization at 11/30/02 (000s)
Term Loan $ 0
Shareholder Loan $ 74,114
Retained Earnings $ 58,897
Dividends $(32,233)
MTW $(81,234)
Shareholder's Equity $112,599
Total Capitalization $132,143
Net Income (Loss) for the period ended 11/30/02 $ 36,030
(e) N/A
8. HORIZON ENERGY HOLDINGS LTD. ("HORIZON ENERGY")
(a) Horizon Energy Holdings Limited
P.O. Box 309
Ugland House, South Church Street
Grand Cayman, Cayman Islands, British West Indies
Horizon Energy, a Cayman Islands company, is a foreign utility company
and is part-owner and operator of a 2,000 MW power station and associated
lignite mine located at Loy Yang, Victoria, Australia.
(b) CMS Generation Loy Yang Holdings 1 Ltd., a wholly owned
subsidiary of CMS Generation Investment Company I, owns 100% of
Horizon Energy. See Exhibit B.
(c) As of December 31, 2002, CMS Generation Investment Company I had
advanced approximately $157 million in Horizon Energy Holdings
Ltd.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $(158,238)
Cumulative Translation $ (83,680)
Intercompany Note Payable $ 156,968
Net Income (Loss) for the period ended 12/31/02 $ 25
(e) N/A.
58
9. LOY YANG POWER PARTNERS
(a) Bartons Line
Taralgon, Victoria, Australia
3844
Loy Yang Power Partners is a foreign utility company and is the
operator of a 2,000 MW power station and associated lignite mine
located at Loy Yang, Victoria, Australia.
(b) CMS Generation Horizon Energy Holdings Limited ("CMSG") owns 25%
and Horizon Energy Holdings, Ltd. owns 24.63% of Loy Yang Power
Partners. See Exhibit B.
(c) As of December 31, 2002, CMS Generation Horizon Energy Holdings
Limited had invested approximately $320 million of equity in Loy
Yang Power Partnership.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 716,973
Long-Term Loans $1,537,332
Net Income (Loss) for the period ended 12/31/02 $ 21,537
(e) As of December 31, 2002, CMS Generation Horizon Energy Holdings
Limited had an Operating and Maintenance Agreement with Loy Yang
Power Partnership, effective September 4, 1997. In 2002, no fees
earned from the agreement.
10. SISTEMA ELECTRICO DEL ESTADO NUEVA ESPARTA C.A. ("SENECA")
(a) Sistema Electrico del Estado Nueva Esparta C.A.
San Lorenzo
Pampatar, Nueva Esparta (6312)
Venezuela
SENECA, a Venezuelan company, is a foreign utility company and is the
owner of 200 MW of diesel-fired power generation units located on
Margarita Island, Venezuela. SENECA also owns and operates an electric
distribution system located on Margarita Island, Venezuela, serving
approximately 104,000 customers.
(b) CMS Electric and Gas Company owns 100% of ENELMAR. ENELMAR owns
29.50% of SENECA. CMS Electric and Gas Company owns 100% of CMS
Venezuela. CMS Venezuela owns 57.86% of SENECA. See Exhibit B.
(c) As of December 31, 2002, ENELMAR had invested $22.2 million in
SENECA. As of December 31, 2002, CMS Venezuela had invested
$52.3 million in SENECA.
59
(d) Capitalization at 12/31/02 (000s)
Shareholder's Equity $ 165,917
Net Income (Loss) for the period ended 12/31/02 $ 553
(e) N/A
11. TAWEELAH A2 OPERATING COMPANY ("TAWEELAH")
(a) c/o CMS Generation Co.
330 Town Center Drive
Suite 1000
Dearborn, Michigan 48126
Taweelah is a foreign utility company that operates a 710.3 MW generation
and desalination facility in Taweelah, Abu Dhabi.
(b) CMS Energy owns an interest in Taweelah through intervening
subsidiaries CMS Enterprises Company and CMS Generation Co.
(c) As of December 31, 2002, CMS Generation Co. had invested
approximately $1,352 thousand of equity in Taweelah Operating
Company.
(d)
Capitalization at 12/31/02 (000s)
Shareholder's Capital $ 551
Retained Earnings $ 801
Shareholder's Equity $ 1,352
Net Income (Loss) for the period ended 12/31/02 $ 574
(e) As of December 31, 2002, there was an operating and management
agreement between Taweelah and Emirate CMS Power Company of
which total fees earned were $1,149,291.
60
The above-named Claimant has caused this statement to be duly executed on its
behalf by its authorized officer on this 15th day of April, 2003.
CMS ENERGY CORPORATION
A Michigan corporation
[CORPORATE SEAL] By: /s/ Thomas J. Webb
--------------------
Thomas J. Webb
Executive Vice President and
Chief Financial Officer
ATTEST:
/s/ Robert C. Shrosbree
------------------------
Robert C. Shrosbree
Senior Corporate Counsel
Name, title, and address of officer to whom notices and correspondence
concerning this Statement should be addressed:
S. K. Smith, Jr.
Vice Chairman of the Board
and General Counsel
Fairlane Plaza South
Suite 1100
330 Town Center Drive
Dearborn, Michigan 48126
April 15, 2003
EXHIBIT A
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, 2002
(In Millions, except Per Share Amounts)
Consumers CMS CMS
Energy Enterprises Inter- Energy
CMS Energy Company Company Company Corp.
Corp. (1) Consol. Consol. Eliminations Consol.
Operating Revenue
Electric utility $ -- $ 2,648 $ -- $ (4) $ 2,644
Gas utility -- 1,519 -- -- 1,519
Independent power production -- 53 319 -- 372
Natural gas transmission -- -- 50 -- 50
Marketing, services and trading -- -- 4,222 (146) 4,076
Other -- 2 (4) 28 26
--------- --------- --------- --------- ---------
Total operating revenue -- 4,222 4,587 (122) 8,687
--------- --------- --------- --------- ---------
Operating Expenses
Fuel for electric generation -- 320 21 -- 341
Purchased power-related parties -- 546 3 (3) 546
Purchased and interchange power -- 314 2,331 3 2,648
Cost of gas sold -- 962 1,928 (143) 2,747
Other operation expense (14) 660 854 (7) 1,493
Maintenance -- 190 21 -- 211
Depreciation and amortization 2 348 53 -- 403
General taxes -- 193 6 -- 199
--------- --------- --------- --------- ---------
Total operating expenses (12) 3,533 5,217 (150) 8,588
--------- --------- --------- --------- ---------
Operating Income (Loss) 12 689 (630) 28 99
--------- --------- --------- --------- ---------
Other Income (Deductions)
Dividends and interest from affiliates 50 3 20 (73) --
Accretion expense (25) (6) -- -- (31)
Gain (loss) on asset sales 1 38 (2) -- 37
Other, net (326) (13) (4) 339 (4)
--------- --------- --------- --------- ---------
Total other income (deductions) (300) 22 14 266 2
--------- --------- --------- --------- ---------
Fixed Charges
Interest on long-term debt 237 153 11 -- 401
Other interest 62 27 9 (67) 31
Capitalized interest 1 (12) (5) -- (16)
Preferred dividends -- 2 -- -- 2
Preferred securities distributions 42 44 -- -- 86
--------- --------- --------- --------- ---------
Net fixed charges 342 214 15 (67) 504
--------- --------- --------- --------- ---------
Income (Loss) from Continuing Operations
before Income Taxes
and Minority Interests (630) 497 (631) 361 (403)
Income Taxes (Benefits) (47) 180 (129) 9 13
Minority Interests -- -- -- -- --
--------- --------- --------- --------- ---------
Income (Loss) from Continuing Operations (583) 317 (502) 352 (416)
Discontinued Operations (71) -- (151) -- (222)
Cumulative Effect of Accounting Change -- 18 -- -- 18
Consolidated Net Income (Loss) before
Common Stock Dividends (654) 335 (653) 352 (620)
Dividends on Common Stock 156 231 418 (656) 149
--------- --------- --------- --------- ---------
A-1
Consolidated Net Income (Loss) after
Common Stock Dividends $ (810) $ 104 $ (1,071) $ 1,008 $ (769)
========= ========= ========= ========= =========
Average Number of CMS Energy
Common Shares Outstanding 139,047
Basic Earnings per CMS Energy
Average Common Share $ (4.46)
Diluted Earnings per CMS Energy
Average Common Share $ (4.46)
(1) Represents CMS Energy Corporation, CMS Energy Trust I, CMS Energy Trust II
and CMS Energy Trust III consolidated with Consumers Energy Company and CMS
Enterprises Company included on the equity method of accounting.
A-2
CONSUMERS ENERGY COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
Michigan CMS Consumers
Consumers Gas Consumers Midland CMS Inter- Energy
Energy Storage Funding Holdings Midland Company Company
Company (2) Company LLC Company Inc. Eliminations Consol.
Operating Revenue
Electric $ 2,688 $ -- $ -- $ -- $ -- $ (40) $ 2,648
Gas 1,517 20 -- -- -- (18) 1,519
Other 9 -- 1 16 37 (8) 55
------- ------- ------- ------- ------- ------- -------
Total operating revenue 4,214 20 1 16 37 (66) 4,222
------- ------- ------- ------- ------- ------- -------
Operating Expenses
Fuel for electric generation 320 -- -- -- -- -- 320
Purchased power-related parties 569 -- -- -- -- (23) 546
Purchased and interchange power 314 -- -- -- -- -- 314
Cost of gas sold 980 -- -- -- -- (18) 962
Other operation expense 675 8 1 -- -- (24) 660
Maintenance 193 2 -- -- -- (5) 190
Depreciation and amortization 345 1 -- -- 2 -- 348
General taxes 191 2 -- -- -- -- 193
------- ------- ------- ------- ------- ------- -------
Total operating expenses 3,587 13 1 -- 2 (70) 3,533
------- ------- ------- ------- ------- ------- -------
Operating Income 627 7 -- 16 35 4 689
------- ------- ------- ------- ------- ------- -------
Other Income (Deductions)
Dividends and interest from
affiliates 54 -- 23 -- -- (74) 3
Accretion expense (6) -- -- -- -- -- (6)
Other, net 90 -- -- -- -- (65) 25
------- ------- ------- ------- ------- ------- -------
Total other income (deductions) 138 -- 23 -- -- (139) 22
------- ------- ------- ------- ------- ------- -------
Interest Charges
Interest on long-term debt 130 -- 23 -- -- -- 153
Other interest 100 -- -- -- -- (73) 27
Capitalized interest (12) -- -- -- -- -- (12)
------- ------- ------- ------- ------- ------- -------
Net interest charges 218 -- 23 -- -- (73) 168
------- ------- ------- ------- ------- ------- -------
Income (Loss) before Income Taxes 547 7 -- 16 35 (62) 543
Income Taxes 161 3 -- 4 12 -- 180
------- ------- ------- ------- ------- ------- -------
Net Income (Loss) before
Accounting Change 386 4 -- 12 23 (62) 363
Cumulative Effect of
Accounting Change -- -- -- -- 18 -- 18
------- ------- ------- ------- ------- ------- -------
Net Income (Loss) 386 4 -- 12 41 (62) 381
Preferred Stock Dividends 2 -- -- -- -- -- 2
Preferred Securities Distribution 44 -- -- -- -- -- 44
------- ------- ------- ------- ------- ------- -------
Net Income (Loss) Available
to Common Stockholder 340 4 -- 12 41 (62) 335
Dividends on Common Stock 231 -- -- -- -- -- 231
------- ------- ------- ------- ------- ------- -------
Net Income (Loss) after Common
Dividends $ 109 $ 4 $ -- $ 12 $ 41 $ (62) $ 104
======= ======= ======= ======= ======= ======= =======
(2) Represents Consumers Energy Company, Consumers Power Company Financing I,
Consumers Energy Company Financing II, Consumers Energy Company Financing III,
Consumers Energy Company Financing IV, Consumers Nuclear Services LLC, Consumers
Parnall Holdings LLC, Michigan Electric Transmission Company, ES Services
Company, CMS Engineering Company and Consumers EnergyGuard Services, Inc.
consolidated with Michigan Gas Storage Company, Consumers Funding LLC, CMS
Midland Holdings Company and CMS Midland, Inc. included on the equity method of
accounting.
A-3
CMS ENTERPRISES COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
CMS Oil CMS CMS Gas
CMS & Gas Generation CMS CMS CMS Trans.
Enterprises Company Company Capital Land MS&T Company
Company (3) Consol. Consol. Corp. Company Company Consol.
Operating Revenue
Independent power production $ -- $ -- $ 337 $ -- $ -- $ -- $ --
Natural gas transmission -- -- -- -- -- -- 54
Marketing, services and trading -- -- -- -- -- 4,374 --
Other (31) -- -- 8 (26) -- --
------- ------- ------- ------- ------- ------- -------
Total operating revenue (31) -- 337 8 (26) 4,374 54
------- ------- ------- ------- ------- ------- -------
Operating Expenses
Fuel for electric generation -- -- 137 -- -- -- --
Purchased and interchange power -- -- -- -- -- 2,326 --
Cost of gas sold 3 -- -- -- -- 2,035 2
Other operation expense 35 5 649 4 1 72 53
Maintenance -- -- 12 -- -- -- 3
Depreciation and amortization 1 -- 24 -- -- 6 8
General taxes 2 -- 7 -- -- (5) 2
------- ------- ------- ------- ------- ------- -------
Total operating expenses 41 5 829 4 1 4,434 68
------- ------- ------- ------- ------- ------- -------
Operating Income (Loss) (72) (5) (492) 4 (27) (60) (14)
------- ------- ------- ------- ------- ------- -------
Other Income (Deductions)
Dividends and interest from
affiliates 18 -- 1 33 -- -- 12
Gain (loss) on asset sales -- -- (10) -- -- -- 19
Other, net (714) -- (6) 2 -- -- (4)
------- ------- ------- ------- ------- ------- -------
Total other income
(deductions) (696) -- (15) 35 -- -- 27
------- ------- ------- ------- ------- ------- -------
Fixed Charges
Interest on long-term debt 4 -- 1 -- -- -- 4
Other interest 14 -- 12 23 1 5 4
Capitalized interest -- -- (5) -- -- -- --
------- ------- ------- ------- ------- ------- -------
Net fixed charges 18 -- 8 23 1 5 8
------- ------- ------- ------- ------- ------- -------
Income (Loss) from
Continuing Operations
before Income Taxes
and Minority
Interests (786) (5) (515) 16 (28) (65) 5
Income Taxes (Benefits) (77) (2) (142) 6 (10) (23) 36
Minority Interests -- -- 1 -- -- -- --
------- ------- ------- ------- ------- ------- -------
Income (Loss) from
Continuing Operations (709) (3) (374) 10 (18) (42) (31)
Discontinued Operations 37 218 -- -- -- (21) (405)
------- ------- ------- ------- ------- ------- -------
Net Income (Loss) $ (672) $ 215 $ (374) $ 10 $ (18) $ (63) $ (436)
======= ======= ======= ======= ======= ======= =======
(Continued on Following Page)
A-4
CMS ENTERPRISES COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS
Int'l CMS CMS
Vent. Tech Inter- Enterprises
LLC Consol. Company Company
Consol. (4) Eliminations Consol.
Operating Revenue
Independent power production $ 52 $ -- $ (70) $ 319
Natural gas transmission 1 -- (5) 50
Marketing, services and trading -- -- (152) 4,222
Other -- 3 42 (4)
------- ------- ------- -------
Total operating revenue 53 3 (185) 4,587
------- ------- ------- -------
Operating Expenses
Fuel for electric generation 21 -- (137) 21
Purchased and interchange power 8 -- -- 2,334
Cost of gas sold 1 -- (113) 1,928
Other operation expense 9 3 23 854
Maintenance 6 -- -- 21
Depreciation and amortization 12 2 -- 53
General taxes -- -- -- 6
------- ------- ------- -------
Total operating expenses 57 5 (227) 5,217
------- ------- ------- -------
Operating Income (Loss) (4) (2) 42 (630)
------- ------- ------- -------
Other Income (Deductions)
Dividends and interest
from affiliates 3 -- (47) 20
Gain (loss) on asset sales (11) -- -- (2)
Other, net -- -- 718 (4)
------- ------- ------- -------
Total other income (deductions) (8) -- 671 14
------- ------- ------- -------
Fixed Charges
Interest on long-term debt 2 -- -- 11
Other interest -- -- (50) 9
Capitalized interest -- -- -- (5)
------- ------- ------- -------
Net fixed charges 2 -- (50) 15
------- ------- ------- -------
Income (Loss) from
Continuing Operations
before Income Taxes
and Minority
Interests (14) (2) 763 (631)
Income Taxes (Benefits) 13 (1) 71 (129)
Minority Interests (1) -- -- --
------- ------- ------- -------
Income (Loss) from
Continuing Operations (26) (1) 692 (502)
Discontinued Operations (6) (31) 57 (151)
------- ------- ------- -------
Net Income (Loss) $ (32) $ (32) $ 749 $ (653)
======= ======= ======= =======
(3) Represents CMS Enterprises Company, CMS Resource Development Company, CMS
Comercializadora de Energia S.A., CMS Enterprises Holding Company S.A., CMS
Energy South America Company, CMS Energy Asia Private Limited, CMS Business
Development LLC, CMS Texas LLC and CMS Energy UK Limited consolidated with CMS
Oil and Gas Company, CMS Generation Company, CMS Land Company, CMS International
Ventures LLC, CMS Marketing, Services and Trading Company, CMS Gas Transmission
Company and CMS Capital LLC included on the equity method of accounting.
(4) Represents CMS MicroPower Systems LLC, CMS Distributed Power LLC and CMS
Enterprises Development LLC.
A-5
CMS OIL AND GAS COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
CMS CMS
CMS O&G CMS O&G
O&G Int'l Co. O&G Congo
Co. (5) Consol. P/L Co. Ltd.
Operating Revenue
Oil and gas exploration
and production $ -- $ -- $ -- $ --
Other -- -- -- --
----- ----- ----- -----
Total operating revenue -- -- -- --
----- ----- ----- -----
Operating Expenses
Other operation expense 5 -- -- --
Maintenance -- -- -- --
Depreciation and amortization -- -- -- --
General taxes -- -- -- --
----- ----- ----- -----
Total operating expenses 5 -- -- --
----- ----- ----- -----
Operating Income (Loss) (5) -- -- --
----- ----- ----- -----
Other Income (Deductions)
Interest from affiliates -- -- -- --
Gain (loss) on asset sales -- -- -- --
Other, net -- -- -- --
----- ----- ----- -----
Total other income (deductions) -- -- -- --
----- ----- ----- -----
Fixed Charges
Interest on long-term debt -- -- -- --
Other interest -- -- -- --
Capitalized interest -- -- -- --
----- ----- ----- -----
Net fixed charges -- -- -- --
----- ----- ----- -----
Income (Loss) before Income Taxes (5) -- -- --
Income Taxes 2 -- -- --
----- ----- ----- -----
Income (Loss) from Continuing
Operations (3) -- -- --
Discontinued Operations 218 (27) 2 3
----- ----- ----- -----
Net Income (Loss) $ 215 $ (27) $ 2 $ 3
===== ===== ===== =====
(Continued on Following Page)
A-6
CMS OIL AND GAS COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
(Continued from Previous Page)
Inter-
CMS O&G CMS O&G Company CMS O&G
E.G. Ltd Int'l Ltd Eliminations Co. Consol.
Operating Revenue
Oil and gas exploration
and production $ -- $ -- $ -- $ --
Other -- -- -- --
----- ----- ----- -----
Total operating revenue -- -- -- --
----- ----- ----- -----
Operating Expenses
Other operation expense -- -- -- 5
Maintenance -- -- -- --
Depreciation and amortization -- -- -- --
General taxes -- -- -- --
----- ----- ----- -----
Total operating expenses -- -- -- 5
----- ----- ----- -----
Operating Income (Loss) -- -- -- (5)
----- ----- ----- -----
Other Income (Deductions)
Interest from affiliates -- -- -- --
Gain (loss) on asset sales -- -- -- --
Other, net -- -- -- --
----- ----- ----- -----
Total other income (deductions) -- -- -- --
----- ----- ----- -----
Fixed Charges
Interest on long-term debt -- -- -- --
Other interest -- -- -- --
Capitalized interest -- -- -- --
----- ----- ----- -----
Net fixed charges -- -- -- --
----- ----- ----- -----
Income (Loss) before Income Taxes -- -- -- (5)
Income Taxes -- -- -- 2
----- ----- ----- -----
Income (Loss) from Continuing
Operations -- -- -- (3)
Discontinued Operations 2 312 (292) 218
----- ----- ----- -----
Net Income (Loss) $ 2 $ 312 $(292) $ 215
===== ===== ===== =====
(5) Represents CMS Oil and Gas Company, CMS Oil and Gas Alba LDC and CMS Oil and
Gas E&G LDC consolidated with CMS Oil and Gas International Company included on
the equity method of accounting.
A-7
CMS OIL AND GAS INTERNATIONAL COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
CMS
NOMECO CMS O&G CMS O&G Inter- CMS O&G
CMS O&G Int'l Congo Int'l Tunisia Cameroon, Company Int'l
Int'l Co. (6) Hldgs. Inc. Inc. Ltd. Eliminations Consol.
Operating Revenue
Oil and gas exploration
and production $ -- $ -- $ -- $ -- $ -- $ --
Other -- -- -- -- -- --
---- ---- ---- ---- ---- ----
Total operating revenue -- -- -- -- -- --
---- ---- ---- ---- ---- ----
Operating Expenses
Other operation expense -- -- -- -- -- --
Maintenance -- -- -- -- -- --
Depreciation and amortization -- -- -- -- -- --
General taxes -- -- -- -- -- --
---- ---- ---- ---- ---- ----
Total operating expenses -- -- -- -- -- --
---- ---- ---- ---- ---- ----
Operating Income -- -- -- -- -- --
---- ---- ---- ---- ---- ----
Other Income (Deductions) -- -- -- -- -- --
---- ---- ---- ---- ---- ----
Fixed Charges
Interest on long-term debt -- -- -- -- -- --
Other interest -- -- -- -- -- --
---- ---- ---- ---- ---- ----
Net fixed charges -- -- -- -- -- --
---- ---- ---- ---- ---- ----
Income before Income Taxes -- -- -- -- -- --
Income Taxes -- -- -- -- -- --
---- ---- ---- ---- ---- ----
Income from Continuing Operations -- -- -- -- -- --
Discontinued Operations (27) (16) (5) (3) 24 (27)
---- ---- ---- ---- ---- ----
Net Income (Loss) $(27) $(16) $ (5) $ (3) $ 24 $(27)
==== ==== ==== ==== ==== ====
(6) Represents CMS Oil and Gas International Company, CMS Oil and Gas UK Ltd.
and CMS Oil and Gas Eritrea Ltd. consolidated.
A-8
CMS GENERATION COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
CMS CMSG CMSG Dearborn CMSG
Generation Honey CMSG Grayling Industrial Investment
Company Lake Filer City Holdings Generation Company I
(7) Company Inc. Company LLC Consol.
Operating Revenue
Independent power production $ 1 $ 2 $ 4 $ 2 $ 90 $ 206
Other -- -- -- -- -- --
----- ----- ------ ------ ----- -----
Total operating revenue 1 2 4 2 90 206
----- ----- ------ ------ ----- -----
Operating Expenses
Fuel for electric generation -- -- -- -- 55 82
Purchased and interchange power -- -- -- -- -- --
Other operation expense 53 -- -- -- 492 11
Maintenance -- -- -- -- 9 3
Depreciation and amortization 5 -- -- -- 14 --
General taxes 1 -- -- -- 4 --
----- ----- ------ ------ ----- -----
Total operating expenses 59 -- -- -- 574 96
----- ----- ------ ------ ----- -----
Operating Income (Loss) (58) 2 4 2 (484) 110
----- ----- ------ ------ ----- -----
Other Income (Deductions)
Interest from affiliates 3 -- -- -- -- --
Gain (loss) on asset sales (4) -- -- -- -- (7)
Other, net (466) -- -- -- -- 3
----- ----- ------ ------ ----- -----
Total other income
(deductions) (467) -- -- -- -- (4)
----- ----- ------ ------ ----- -----
Fixed Charges
Interest on long-term debt -- -- -- -- -- --
Other interest 2 -- -- -- 10 2
Capitalized interest (5) -- -- -- -- --
----- ----- ------ ------ ----- -----
Net fixed charges (3) -- -- -- 10 2
----- ----- ------ ------ ----- -----
Income (Loss) before
Income Taxes
and Minority Interests (522) 2 4 2 (494) 104
Income Taxes (Benefits) (148) (1) 2 1 -- 9
Minority Interests -- -- -- -- -- 1
----- ----- ------ ------ ----- -----
Net Income (Loss) $(374) $ 3 $ 2 $ 1 $(494) $ 94
===== ===== ====== ====== ===== =====
(Continued on Following Page)
A-9
CMS GENERATION COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
(Continued from Previous Page)
Taweelah
CMSG A2 CMSG HYDRA-CO CMSG Exeter
Operating Operating Michigan Enterprises Holding Energy
Company Company Power LLC Inc. Company LLC
Operating Revenue
Independent power production $ 1 $ 1 $ 2 $ 11 $ 1 $ 8
Other -- -- -- -- -- --
---- ---- ---- ---- ---- ----
Total operating revenue 1 1 2 11 1 8
---- ---- ---- ---- ---- ----
Operating Expenses
Fuel for electric generation -- -- -- -- -- --
Purchased and interchange power -- -- -- -- -- --
Other operation expense -- -- 62 25 -- 6
Maintenance -- -- -- -- -- --
Depreciation and amortization -- -- 3 1 -- 1
General taxes -- -- 1 -- -- 1
---- ---- ---- ---- ---- ----
Total operating expenses -- -- 66 26 -- 8
---- ---- ---- ---- ---- ----
Operating Income (Loss) 1 1 (64) (15) 1 --
---- ---- ---- ---- ---- ----
Other Income (Deductions)
Interest from affiliates -- -- -- -- -- --
Gain (loss) on asset sales -- -- -- 1 -- --
Other, net -- -- -- -- -- --
---- ---- ---- ---- ---- ----
Total other income
(deductions) -- -- -- 1 -- --
---- ---- ---- ---- ---- ----
Fixed Charges
Interest on long-term debt -- -- -- 1 -- --
Other interest -- -- -- -- -- --
Capitalized interest -- -- -- -- -- --
---- ---- ---- ---- ---- ----
Net fixed charges -- -- -- 1 -- --
---- ---- ---- ---- ---- ----
Income (Loss) before Income Taxes
and Minority Interests 1 1 (64) (15) 1 --
Income Taxes (Benefits) -- -- -- (8) -- --
Minority Interests -- -- -- -- -- --
---- ---- ---- ---- ---- ----
Net Income (Loss) $ 1 $ 1 $(64) $ (7) $ 1 $ --
==== ==== ==== ==== ==== ====
(Continued on Following Page)
A-10
CMS GENERATION COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS CMS Int'l Inter- CMSG
Generation Operating Company Company
SRL Company Eliminations Consol.
Operating Revenue
Independent power production $ (2) $ 10 $ -- $ 337
Other -- -- -- --
----- ----- ----- -----
Total operating revenue (2) 10 -- 337
----- ----- ----- -----
Operating Expenses
Fuel for electric generation -- -- -- 137
Purchased and interchange power -- -- -- --
Other operation expense -- -- -- 649
Maintenance -- -- -- 12
Depreciation and amortization -- -- -- 24
General taxes -- -- -- 7
----- ----- ----- -----
Total operating expenses -- -- -- 829
----- ----- ----- -----
Operating Income (Loss) (2) 10 -- (492)
----- ----- ----- -----
Other Income (Deductions)
Interest from affiliates -- -- (2) 1
Gain (loss) on asset sales -- -- -- (10)
Other, net -- -- 457 (6)
----- ----- ----- -----
Total other income (deductions) -- -- 455 (15)
----- ----- ----- -----
Fixed Charges
Interest on long-term debt -- -- -- 1
Other interest -- -- (2) 12
Capitalized interest -- -- -- (5)
----- ----- ----- -----
Net fixed charges -- -- (2) 8
----- ----- ----- -----
Income (Loss) before Income Taxes
and Minority Interests (2) 10 457 (515)
Income Taxes (Benefits) -- 3 -- (142)
Minority Interests -- -- -- 1
----- ----- ----- -----
Net Income (Loss) $ (2) $ 7 $ 457 $(374)
===== ===== ===== =====
(7) Represents CMS Generation Company, CMSG Filer City Operating Company, CMSG
Grayling Company, CMSG Genesee Company, CMSG Recycling Company, CMSG Lyonsdale
Company, CMSG Chateaugay Company, CMSG Altoona Company, Dearborn Generation
Operating LLC and CMS Centrales Termicas S.A., consolidated with CMSG Investment
Company I included on the equity method of accounting.
A-11
CMS GENERATION INVESTMENT COMPANY I
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
CMSG CMSG CMSG CMSG
Investment Cebu Investment Investment
Co. I (8) LDC Co. IV Co. VI
Operating Revenue
Independent power production $ 8 $ 1 $ 69 $115
Other -- -- -- --
---- ---- ---- ----
Total operating revenue 8 1 69 115
---- ---- ---- ----
Operating Expenses
Fuel for electric generation -- -- -- 82
Other operation expense 2 -- -- 9
Maintenance -- -- -- 3
Depreciation and amortization -- -- -- --
General taxes -- -- -- --
---- ---- ---- ----
Total operating expenses 2 -- -- 94
---- ---- ---- ----
Operating Income (Loss) 6 1 69 21
---- ---- ---- ----
Other Income (Deductions)
Interest from affiliates -- -- -- 1
Gain (loss) on asset sales (7) -- -- --
Other, net 95 (1) -- 1
---- ---- ---- ----
Total other income
(deductions) 88 (1) -- 2
---- ---- ---- ----
Fixed Charges
Interest on long-term debt -- -- -- --
Other interest -- -- 3 --
Capitalized interest -- -- -- --
---- ---- ---- ----
Net fixed charges -- -- 3 --
---- ---- ---- ----
Income (Loss) before
Income Taxes
and Minority Interests 94 -- 66 23
Income Taxes (Benefits) 1 -- -- 8
Minority Interests -- -- -- 1
---- ---- ---- ----
Net Income (Loss) $ 93 $ -- $ 66 $ 14
==== ==== ==== ====
(Continued on Following Page)
A-12
CMS GENERATION INVESTMENT COMPANY I
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
(Continued from Previous Page)
CMSG
CMSG CMSG Inter- Investment
Investment Investment Company Co. I
Co. VII Co. V Eliminations Consol.
Operating Revenue
Independent power production $ 12 $ 1 $ -- $ 206
Other -- -- -- --
----- ----- ----- -----
Total operating revenue 12 1 -- 206
----- ----- ----- -----
Operating Expenses
Fuel for electric generation -- -- -- 82
Other operation expense -- -- -- 11
Maintenance -- -- -- 3
Depreciation and amortization -- -- -- --
General taxes -- -- -- --
----- ----- ----- -----
Total operating expenses -- -- -- 96
----- ----- ----- -----
Operating Income (Loss) 12 1 -- 110
----- ----- ----- -----
Other Income (Deductions)
Interest from affiliates -- -- (1) --
Gain (loss) on asset sales -- -- -- (7)
Other, net -- -- (92) 3
----- ----- ----- -----
Total other income
(deductions) -- -- (93) (4)
----- ----- ----- -----
Fixed Charges
Interest on long-term debt -- -- -- --
Other interest -- -- (1) 2
Capitalized interest -- -- -- --
----- ----- ----- -----
Net fixed charges -- -- (1) 2
----- ----- ----- -----
Income (Loss) before
Income Taxes
and Minority Interests 12 1 (92) 104
Income Taxes (Benefits) -- -- -- 9
Minority Interests -- -- -- 1
----- ----- ----- -----
Net Income (Loss) $ 12 $ 1 $ (92) $ 94
===== ===== ===== =====
(8) Represents CMSG Investment Company I, CMSG Pinamucan LDC, CMSG Loy Yang
Holdings 1 Ltd. and CMSG Loy Yang Holdings 2 Ltd. consolidated.
A-13
CMS GAS TRANSMISSION COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
CMS Gas CMS CMS
Trans. CMS Marysville CMS Gas Jackson Panhandle
Company Antrim Gas Liquids Argentina Pipeline Eastern Pipe CMS Grand
(9) Gas LLC Company Company Company Line Consol. Lacs LLC
Operating Revenue
Natural gas transmission $ 7 $ 12 $ 11 $ (1) $ 2 $ -- $ 5
Other -- -- -- -- -- -- --
----- ----- ----- ----- ----- ----- -----
Total operating revenue 7 12 11 (1) 2 -- 5
----- ----- ----- ----- ----- ----- -----
Operating Expenses
Cost of gas sold -- -- -- -- -- -- --
Other operation expense 12 2 7 -- -- 25 --
Maintenance -- 1 1 -- -- -- 1
Depreciation and amortization -- 3 -- -- -- -- 2
General taxes 1 1 -- -- -- -- --
----- ----- ----- ----- ----- ----- -----
Total operating expenses 13 7 8 -- -- 25 3
----- ----- ----- ----- ----- ----- -----
Operating Income (Loss) (6) 5 3 (1) 2 (25) 2
----- ----- ----- ----- ----- ----- -----
Other Income (Deductions)
Interest from affiliates 1 -- -- -- -- 9 --
Gain (loss) on asset sales 19 -- -- -- -- -- --
Other, net (406) -- -- -- -- -- --
----- ----- ----- ----- ----- ----- -----
Total other income
(deductions) (386) -- -- -- -- 9 --
----- ----- ----- ----- ----- ----- -----
Fixed Charges
Interest on long-term debt 1 2 -- -- 1 -- --
Other interest -- -- -- -- -- -- --
Capitalized interest -- -- -- -- -- -- --
----- ----- ----- ----- ----- ----- -----
Net fixed charges 1 2 -- -- 1 -- --
----- ----- ----- ----- ----- ----- -----
Income (Loss) from Continuing
Operations before Income Taxes
and Minority Interests (393) 3 3 (1) 1 (16) 2
Income Taxes (Benefits) 38 1 1 -- -- (5) 1
Minority Interests -- -- -- -- -- -- --
----- ----- ----- ----- ----- ----- -----
Net Income (Loss) from Continuing
Operations (431) 2 2 (1) 1 (11) 1
Discontinued Operations (4) -- -- -- -- (289) --
----- ----- ----- ----- ----- ----- -----
Net Income (Loss) $(435) $ 2 $ 2 $ (1) $ 1 $(300) $ 1
===== ===== ===== ===== ===== ===== =====
(Continued on Following Page)
A-14
CMS GAS TRANSMISSION COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS Bay Western CMS Field CMS Gas
Area Australia Services Inter- Transmission
Pipeline Gas Trans. Inc. Company Company
LLC Company I Consol. Eliminations Consol.
Operating Revenue
Natural gas transmission $ 5 $ 13 $ -- $ -- $ 54
Other -- -- -- -- --
----- ----- ----- ----- -----
Total operating revenue 5 13 -- -- 54
----- ----- ----- ----- -----
Operating Expenses
Cost of gas sold -- 2 -- -- 2
Other operation expense 1 2 4 -- 53
Maintenance -- -- -- -- 3
Depreciation and amortization 2 1 -- -- 8
General taxes -- -- -- -- 2
----- ----- ----- ----- -----
Total operating expenses 3 5 4 -- 68
----- ----- ----- ----- -----
Operating Income (Loss) 2 8 (4) -- (14)
----- ----- ----- ----- -----
Other Income (Deductions)
Interest from affiliates -- -- -- 2 12
Gain (loss) on asset sales -- -- -- -- 19
Other, net -- (1) -- 403 (4)
----- ----- ----- ----- -----
Total other income
(deductions) -- (1) -- 405 27
----- ----- ----- ----- -----
Fixed Charges
Interest on long-term debt -- -- -- -- 4
Other interest -- 1 1 2 4
Capitalized interest -- -- -- -- --
----- ----- ----- ----- -----
Net fixed charges -- 1 1 2 8
----- ----- ----- ----- -----
Income (Loss) from Continuing
Operations before
Income Taxes and
Minority Interests 2 6 (5) 403 5
Income Taxes (Benefits) 1 1 (2) -- 36
Minority Interests -- -- -- -- --
----- ----- ----- ----- -----
Net Income (Loss)
from Continuing
Operations 1 5 (3) 403 (31)
Discontinued Operations -- -- (112) -- (405)
----- ----- ----- ----- -----
Net Income (Loss) $ 1 $ 5 $(115) $ 403 $(436)
===== ===== ===== ===== =====
(9) Represents CMS Gas Transmission Company, CMS Saginaw Bay Lateral Company and
TriState Pipeline LLC consolidated with CMS Field Services, Inc. and Panhandle
Eastern Pipe Line Company included on the equity method of accounting.
A-15
PANHANDLE EASTERN PIPE LINE COMPANY
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
Panhandle CMS Trunkline CMS PEPL Panhandle
Eastern Pipe Trunkline LNG Pan Gas Inter- Consol. Eastern Pipe
Line Co. Gas Co. Holdings Storage Company before Disc. Disc. Line Co.
(10) LLC (11) Co. LLC Co. Eliminations Oper.) Oper. Consol.
Operating Revenue
Natural gas transmission $ 311 $ 159 $ 58 $ 43 $ (87) $ 484 $(484) $ --
Other -- -- -- -- -- -- -- --
----- ----- ----- ----- ----- ----- ----- -----
Total operating revenue 311 159 58 43 (87) 484 (484) --
----- ----- ----- ----- ----- ----- ----- -----
Operating Expenses
Cost of gas sold -- -- -- -- -- -- -- --
Other operation expense 137 59 14 4 (43) 171 (146) 25
Maintenance 15 13 2 1 -- 31 (31) --
Depreciation and amortization 21 26 1 3 -- 51 (51) --
General taxes 11 7 1 3 -- 22 (22) --
----- ----- ----- ----- ----- ----- ----- -----
Total operating expenses 184 105 18 11 (43) 275 (250) 25
----- ----- ----- ----- ----- ----- ----- -----
Operating Income (Loss) 127 54 40 32 (44) 209 (234) (25)
----- ----- ----- ----- ----- ----- ----- -----
Other Income (Deductions)
Interest from affiliates 17 (13) 5 -- -- 9 -- 9
Other, net (26) 2 -- -- -- (24) 24 --
----- ----- ----- ----- ----- ----- ----- -----
Total other income
(deductions) (9) (11) 5 -- -- (15) 24 9
----- ----- ----- ----- ----- ----- ----- -----
Fixed Charges
Interest on long-term debt 62 -- 12 -- -- 74 (74) --
Other interest 2 1 2 -- -- 5 (5) --
Capitalized interest (2) (1) -- -- -- (3) 3 --
----- ----- ----- ----- ----- ----- ----- -----
Net fixed charges 62 -- 14 -- -- 76 (76) --
----- ----- ----- ----- ----- ----- ----- -----
Income (Loss) from Continuing
Operations before
Income Taxes and
Minority Interests 56 43 31 32 (44) 118 (134) (16)
Income Taxes (Benefits) 17 17 -- 12 -- 46 (51) (5)
Minority Interests 4 -- -- -- -- 4 (4) --
----- ----- ----- ----- ----- ----- ----- -----
Net Income (Loss)
from Continuing
Operations 35 26 31 20 (44) 68 (79) (11)
Discontinued Operations -- -- -- -- -- -- (289) (289)
----- ----- ----- ----- ----- ----- ----- -----
Net Income (Loss) $ 35 $ 26 $ 31 $ 20 $ (44) $ 68 $(368) $(300)
===== ===== ===== ===== ===== ===== ===== =====
(10) Represents Panhandle Eastern Pipe Line Company, CMS Panhandle Eastern
Resources, Inc., CMS Panhandle Storage Company, CMS Trunkline Field Services
Company, MG Ventures Storage, Inc., CMS Panhandle Lake Charles Generation
Company LLC, CMS Panhandle LNG Acquisition Company, Panhandle Partner LLC and
CMS Panhandle Holdings LLC consolidated.
(11) Represents CMS Trunkline Gas Company LLC, CMS Trunkline Gas Resources LLC,
CMS Trunkline Offshore Pipeline Company LLC, CMS Trunkline Deepwater Pipeline
Company LLC and Sea Robin Pipeline Company consolidated.
A-16
CMS FIELD SERVICES INC.
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
CMS Taurus CMS CMS
CMS Field Holdings Bighorn Gas Natural Gas Cherokee Bradshaw
Services Company CMS Gas Gathering Gathering Gas Proc. Energy
Inc. (12) LLC Proc. LLC LLC LLC LLC LLC
Operating Revenue
Natural gas transmission $ 415 $ 22 $ 100 $ 18 $ 4 $ 27 $ 1
Other - - - - - - -
------ ------ ------ ------ ------ ------ ------
Total operating revenue 415 22 100 18 4 27 1
------ ------ ------ ------ ------ ------ ------
Operating Expenses
Cost of gas sold 402 16 94 - - 20 -
Other operation expense 11 4 2 3 2 4 1
Maintenance - 1 1 4 - 1 -
Depreciation and amortization 1 3 3 3 4 3 -
General taxes 2 - - - - - -
------ ------ ------ ------ ------ ------ ------
Total operating expenses 416 24 100 10 6 28 1
------ ------ ------ ------ ------ ------ ------
Operating Income (Loss) (1) (2) - 8 (2) (1) -
------ ------ ------ ------ ------ ------ ------
Other Income (Deductions)
Interest from affiliates - - - - - - -
Gain (loss) on asset sales - - - - - - -
Other, net 1 - - - - - -
------ ------ ------ ------ ------ ------ ------
Total other income
(deductions) 1 - - - - - -
------ ------ ------ ------ ------ ------ ------
Fixed Charges
Interest on long-term debt - - - - - - -
Other interest 2 - - - - - -
Capitalized interest - - - - - - -
------ ------ ------ ------ ------ ------ ------
Net fixed charges 2 - - - - - -
------ ------ ------ ------ ------ ------ ------
Income (Loss) from Continuing
Operations before Income
Taxes and Minority Interests (2) (2) - 8 (2) (1) -
Income Taxes (Benefits) 1 - - - - - -
Minority Interests - - - - - - -
------ ------ ------ ------ ------ ------ ------
Income (Loss) from Continuing Operations (3) (2) - 8 (2) (1) -
Discontinued Operations - - - - - - -
------ ------ ------ ------ ------ ------ ------
Net Income (Loss) $ (3) $ (2) $ - $ 8 $ (2) $ (1) $ -
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
A-17
CMS FIELD SERVICES INC.
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS Okla. CMS FS
CMS Gulf Natural Gas Inter- Consol. CMS Field
Coast Field Gathering Company (before Disc. Disc. Services
Services LLC LLC Eliminations Oper.) Oper. Inc. Consol.
Operating Revenue
Natural gas transmission $ 28 $ 1 $ - $ 616 $ (616) $ -
Other - - - - - -
------ ------ ------ ------ ------ ------
Total operating revenue 28 1 - 616 (616) -
------ ------ ------ ------ ------ ------
Operating Expenses
Cost of gas sold 20 - - 552 (552) -
Other operation expense 1 1 - 29 (25) 4
Maintenance - - - 7 (7) -
Depreciation and amortization 3 - - 20 (20) -
General taxes - - - 2 (2) -
------ ------ ------ ------ ------ ------
Total operating expenses 24 1 - 610 (606) 4
------ ------ ------ ------ ------ ------
Operating Income (Loss) 4 - - 6 (10) (4)
------ ------ ------ ------ ------ ------
Other Income (Deductions)
Interest from affiliates - - - - - -
Gain (loss) on asset sales - - - - - -
Other, net - - - 1 (1) -
------ ------ ------ ------ ------ ------
Total other income (deductions) - - - 1 (1) -
------ ------ ------ ------ ------ ------
Fixed Charges
Interest on long-term debt - - - - - -
Other interest - - - 2 (1) 1
Capitalized interest - - - - - -
------ ------ ------ ------ ------ ------
Net fixed charges - - - 2 (1) 1
------ ------ ------ ------ ------ ------
Income (Loss) from Continuing Operations
before Income Taxes and
Minority Interests 4 - - 5 (10) (5)
Income Taxes (Benefits) - - - 1 (3) (2)
Minority Interests - - 4 4 (4) -
------ ------ ------ ------ ------ ------
Income (Loss) from Continuing Operations 4 - (4) - (3) (3)
Discontinued Operations - - - - (112) (112)
------ ------ ------ ------ ------ ------
Net Income (Loss) $ 4 $ - $ (4) $ - $ (115) $ (115)
====== ====== ====== ====== ====== ======
(12) Represents CMS Field Services, Inc., CMS Laverne Gas Processing LLC
and CMS Hydrocarbons LLC consolidated.
A-18
CMS INTERNATIONAL VENTURES LLC
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
CMS
CMS Oper. CMSG CMS Western CMSG
Int'l Ventures SRL Invest. E&G Australia Invest.
LLC (13) Consol. Co. III LLC GT Co. I Co. V
Operating Revenue
Independent power production $ - $ 43 $ 8 $ - $ - $ 1
Natural gas transmission - (2) - - 3 -
Other - - - - - -
------ ------ ------ ------ ------ ------
Total operating revenue - 41 8 - 3 1
------ ------ ------ ------ ------ ------
Operating Expenses
Fuel for electric generation - 21 - - - -
Purchased and interchange power - 8 - - - -
Cost of gas sold - - - - 1 -
Other operation expense - 8 - - 1 -
Maintenance - 6 - - - -
Depreciation and amortization - 11 1 - - -
General taxes - - - - - -
------ ------ ------ ------ ------ ------
Total operating expenses - 54 1 - 2 -
------ ------ ------ ------ ------ ------
Operating Income (Loss) - (13) 7 - 1 1
------ ------ ------ ------ ------ ------
Other Income (Deductions)
Dividends and interest from affiliates - 3 - - - -
Gain (loss) on asset sales - - (11) - - -
Other, net (32) 9 - - - -
------ ------ ------ ------ ------ ------
Total other income (deductions) (32) 12 (11) - - -
------ ------ ------ ------ ------ ------
Fixed Charges
Interest on long-term debt - 2 - - - -
Other interest - - - - - -
Capitalized interest - - - - - -
------ ------ ------ ------ ------ ------
Net fixed charges - 2 - - - -
------ ------ ------ ------ ------ ------
Income (Loss) from Continuing Operations
before Income Taxes and Minority
Interests (32) (3) (4) - 1 1
Income Taxes (Benefits) - 13 - - - -
Minority Interests - (1) - - - -
------ ------ ------ ------ ------ ------
Income (Loss) from Continuing Operations (32) (15) (4) - 1 1
Discontinued Operations - - - (6) - -
------ ------ ------ ------ ------ ------
Net Income (Loss) $ (32) $ (15) $ (4) $ (6) $ 1 $ 1
====== ====== ====== ====== ====== ======
(Continued on Following Page)
A-19
CMS INTERNATIONAL VENTURES LLC
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS Int'l
Inter- Ventures
Company LLC
Eliminations Consol.
Operating Revenue
Independent power production $ - $ 52
Natural gas transmission - 1
Other - -
---- ----
Total operating revenue - 53
---- ----
Operating Expenses
Fuel for electric generation - 21
Purchased and interchange power - 8
Cost of gas sold - 1
Other operation expense - 9
Maintenance - 6
Depreciation and amortization - 12
General taxes - -
---- ----
Total operating expenses - 57
---- ----
Operating Income (Loss) - (4)
---- ----
Other Income (Deductions)
Dividends and interest from affiliates - 3
Gain (loss) on asset sales - (11)
Other, net 23 -
---- ----
Total other income (deductions) 23 (8)
---- ----
Fixed Charges
Interest on long-term debt - 2
Other interest - -
Capitalized interest - -
---- ----
Net fixed charges - 2
---- ----
Income (Loss) from Continuing Operations
before Income Taxes and Minority
Interests 23 (14)
Income Taxes (Benefits) - 13
Minority Interests - (1)
---- ----
Income (Loss) from Continuing Operations 23 (26)
Discontinued Operations - (6)
---- ----
Net Income (Loss) $ 23 $(32)
==== ====
(13) Represents CMS International Ventures LLC and CMS Generation SRL
consolidated.
A-20
CMS OPERATING SRL
Consolidating Statement of Income
For the Year Ended December 31, 2002
(In Millions)
CMS Centrales CMS Inter- CMS
Operating Termicas Ensenada Company Operating
SRL (14) Mendoza SA SA Eliminations SRL Consol.
Operating Revenue
Independent power production $ - $ 26 $ 17 $ - $ 43
Natural gas transmission (2) - - - (2)
Other - - - - -
---- ---- ---- ---- ----
Total operating revenue (2) 26 17 - 41
---- ---- ---- ---- ----
Operating Expenses
Fuel for electric generation - 12 9 - 21
Purchased and interchange power - 6 2 - 8
Other operation expense 1 5 2 - 8
Maintenance - 4 2 - 6
Depreciation and amortization 1 8 2 - 11
General taxes - - - - -
---- ---- ---- ---- ----
Total operating expenses 2 35 17 - 54
---- ---- ---- ---- ----
Operating Income (Loss) (4) (9) - - (13)
---- ---- ---- ---- ----
Other Income (Deductions)
Dividends and interest from affiliates 2 1 - - 3
Other, net (11) (2) (2) 24 9
---- ---- ---- ---- ----
Total other income (deductions) (9) (1) (2) 24 12
---- ---- ---- ---- ----
Fixed Charges
Interest on long-term debt - - 2 - 2
Other interest - - - - -
Capitalized Interest - - - - -
---- ---- ---- ---- ----
Net fixed charges - - 2 - 2
---- ---- ---- ---- ----
Income (Loss) before Income Taxes
and Minority Interests (13) (10) (4) 24 (3)
Income Taxes (Benefits) 2 7 4 - 13
Minority Interests - (1) - - (1)
---- ---- ---- ---- ----
Net Income (Loss) $(15) $(16) $ (8) $ 24 $(15)
==== ==== ==== ==== ====
(14) Represents CMS Operating SRL and Cuyana S.A. de Inversiones consolidated.
A-21
CMS ENERGY CORPORATION
Consolidating Balance Sheet - Assets
December 31, 2002
(In Millions)
CMS Consumers CMS CMS
Energy Energy Enterprises Inter- Energy
Corporation Company Company Company Corporation
(1) Consol. Consol. Eliminations Consol.
Plant and Property (At Cost)
Electric $ - $ 7,523 $ - $ - $ 7,523
Gas - 2,719 - - 2,719
Natural gas transmission - - 210 - 210
Independent power production - - 251 - 251
Other 22 23 47 - 92
-------- -------- -------- -------- --------
22 10,265 508 - 10,795
Less accumulated depreciation
and amortization 10 5,900 200 - 6,110
-------- -------- -------- -------- --------
12 4,365 308 - 4,685
Construction work-in-progress - 548 1 - 549
-------- -------- -------- -------- --------
12 4,913 309 - 5,234
-------- -------- -------- -------- --------
Investments
Associated companies 5,194 22 19 (5,235) -
Independent power production - - 565 - 565
Natural gas transmission - - 178 - 178
First Midland Limited Partnership - 255 - - 255
Midland Cogeneration Venture - 388 - - 388
Other 1 2 9 - 12
-------- -------- -------- -------- --------
5,195 667 771 (5,235) 1,398
-------- -------- -------- -------- --------
Current Assets
Cash and temporary cash investments - 271 106 - 377
Accounts/notes receivable 20 236 314 - 570
Accounts/notes receivable-related parties 53 13 452 (331) 187
Inventories to average cost
Gas in underground storage - 486 5 - 491
Materials and supplies - 71 18 - 89
Generating plant fuel stock - 37 - - 37
Assets held for sale - - 646 (2) 644
Price risk management assets - - 115 - 115
Prepayments and other 28 199 11 - 238
-------- -------- -------- -------- --------
101 1,313 1,667 (333) 2,748
-------- -------- -------- -------- --------
Non-current Assets
Securitization costs - 689 - - 689
Postretirement benefits - 185 - - 185
Abandoned Midland project - 11 - - 11
Nuclear decommissioning trust funds - 536 - - 536
Notes receivable-related parties 536 - 466 (842) 160
Notes receivable - - 126 - 126
Assets held for sale - - 2,081 - 2,081
Price risk management assets - - 135 - 135
Other 113 386 153 (40) 612
-------- -------- -------- -------- --------
649 1,807 2,961 (882) 4,535
-------- -------- -------- -------- --------
Total Assets $ 5,957 $ 8,700 $ 5,708 $ (6,450) $ 13,915
======== ======== ======== ======== ========
(1) Represents CMS Energy Corporation with CMS Energy Trust I, CMS Energy Trust
II, CMS Energy Trust III consolidated with Consumers Energy Company and CMS
Enterprises Company included on the equity method of accounting.
A-22
CMS ENERGY CORPORATION
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
CMS Consumers CMS CMS
Energy Energy Enterprises Inter- Energy
Corporation Company Company Company Corporation
(1) Consol. Consol. Eliminations Consol.
Capitalization
Common Stockholders' Equity
Common stock $ 1 $ 841 $ - $ (841) $ 1
Other paid-in-capital 3,679 682 6,158 (6,914) 3,605
Currency translation (458) - (468) 468 (458)
Other comprehensive income (loss) (295) (179) (111) 290 (295)
Retained earnings (1,747) 545 (2,286) 1,768 (1,720)
-------- -------- -------- -------- --------
1,180 1,889 3,293 (5,229) 1,133
Preferred stock - 44 - - 44
Company-obligated mandatorily
redeemable preferred
securities of Consumer's subsidiaries - 490 - - 490
Company-obligated convertible
Trust Preferred Securities of subsidiaries 393 - - - 393
Long-term debt 3,577 2,442 179 (842) 5,356
Non-current capital leases - 116 - - 116
-------- -------- -------- -------- --------
5,150 4,981 3,472 (6,071) 7,532
-------- -------- -------- -------- --------
Minority Interests - - 21 - 21
-------- -------- -------- -------- --------
Current Liabilities
Current portion of long-term debt 292 305 30 - 627
Current capital leases - 13 - - 13
Notes payable 215 457 1 (215) 458
Accounts payable 1 261 209 11 482
Accounts payable-related parties 15 84 34 (80) 53
Accrued interest 80 55 3 (7) 131
Accrued taxes 161 214 (103) 19 291
Deferred income taxes - 25 (10) - 15
Liabilities held for sale - - 467 (2) 465
Price risk management liabilities - - 103 (7) 96
Current portion of purchase power contracts - 26 - - 26
Current portion of gas supply contract
obligations - - 25 - 25
Other 38 145 33 - 216
-------- -------- -------- -------- --------
802 1,585 792 (281) 2,898
-------- -------- -------- -------- --------
Non-current Liabilities
Deferred income taxes (23) 949 (427) (85) 414
Postretirement benefits 31 563 131 - 725
Deferred investment tax credit - 91 - - 91
Regulatory liabilities for
income taxes, net - 297 - - 297
Power purchase agreement - 27 - - 27
Gas supply contract obligations - - 241 - 241
Liabilities held for sale - - 1,243 - 1,243
Price risk management liabilities - - 137 (2) 135
Other (3) 207 98 (11) 291
-------- -------- -------- -------- --------
5 2,134 1,423 (98) 3,464
-------- -------- -------- -------- --------
Total Stockholders' Equity and Liabilities $ 5,957 $ 8,700 $ 5,708 $ (6,450) $ 13,915
======== ======== ======== ======== ========
(1) Represents CMS Energy Corporation with CMS Energy Trust I, CMS Energy Trust
II, CMS Energy Trust III consolidated with Consumers Energy Company and CMS
Enterprises Company included on the equity method of accounting.
A-23
CONSUMERS ENERGY COMPANY
Consolidating Balance Sheet-Assets
December 31, 2002
(In Millions)
Consumers Consumers Consumers CMS
Consumers Parnall Consumers Receivables Campus Midland CMS
Energy Holdings Funding Funding Holdings Holdings Midland
Company (2) LLC LLC LLC LLC Company Inc.
Plant and Property (At Cost)
Electric $ 7,523 $ - $ - $ - $ - $ - $ -
Gas 2,719 - - - - - -
Other 14 6 - - 3 - -
------- ------- ------- ------- ------- ------- -------
10,256 6 - - 3 - -
Less accumulated depreciation,
depletion and amortization 5,900 - - - - - -
------- ------- ------- ------- ------- ------- -------
4,356 6 - - 3 - -
Construction work-in-progress 494 - - - 54 - -
------- ------- ------- ------- ------- ------- -------
4,850 6 - - 57 - -
------- ------- ------- ------- ------- ------- -------
Investments
Associated companies 657 - - - - -
First Midland Limited
Partnership - - - - - 255 -
Midland Cogeneration
Venture - - - - - - 388
Other 2 - - - - - -
------- ------- ------- ------- ------- ------- -------
659 - - - - 255 388
------- ------- ------- ------- ------- ------- -------
Current Assets
Cash and temporary cash
investments 251 - 18 - - - 2
Accounts/notes receivable 86 - 26 163 - - -
Accounts/notes receivable-related parties 2 - - 1 - - 10
Inventories to average cost
Gas in underground storage 486 - - - - - -
Materials and supplies 71 - - - - - -
Generating plant fuel stock 37 - - - - - -
Prepayments and other 199 - - - - - -
------- ------- ------- ------- ------- ------- -------
1,132 - 44 164 - - 12
------- ------- ------- ------- ------- ------- -------
Non-current Assets
Securitization costs 689 - - - - - -
Postretirement benefits 185 - - - - - -
Abandoned Midland project 11 - - - - - -
Nuclear decommissioning trust funds 536 - - - - - -
Notes receivable-related party 506 - 416 - - - -
Other 386 - - - - - -
------- ------- ------- ------- ------- ------- -------
2,313 - 416 - - - -
------- ------- ------- ------- ------- ------- -------
Total Assets $ 8,954 $ 6 $ 460 $ 164 $ 57 $ 255 $ 400
======= ======= ======= ======= ======= ======= =======
(Continued on Next Page)
A-24
CONSUMERS ENERGY COMPANY
Consolidating Balance Sheet-Assets
December 31, 2002
(In Millions)
Consumers
Inter- Energy
Company Company
Eliminations Consol.
Plant and Property (At Cost)
Electric $ - $ 7,523
Gas - 2,719
Other - 23
-------- --------
- 10,265
Less accumulated depreciation,
depletion and amortization - 5,900
-------- --------
- 4,365
Construction work-in-progress - 548
-------- --------
- 4,913
-------- --------
Investments
Associated companies (635) 22
First Midland Limited
Partnership - 255
Midland Cogeneration
Venture - 388
Other - 2
-------- --------
(635) 667
-------- --------
Current Assets
Cash and temporary cash
investments - 271
Accounts/notes receivable (39) 236
Accounts/notes receivable-related parties - 13
Inventories to average cost
Gas in underground storage - 486
Materials and supplies - 71
Generating plant fuel stock - 37
Prepayments and other - 199
-------- --------
(39) 1,313
-------- --------
Non-current Assets
Securitization costs - 689
Postretirement benefits - 185
Abandoned Midland project - 11
Nuclear decommissioning trust funds - 536
Notes receivable-related party (922) -
Other - 386
-------- --------
(922) 1,807
-------- --------
Total Assets $ (1,596) $ 8,700
======== ========
(2) Represents Consumers Energy Company, Consumers Power Company Financing I,
Consumers Energy Company Financing II, Consumers Energy Company Financing III,
Consumers Energy Company Financing IV, Consumers Nuclear Services LLC, Michigan
Gas Storage Company, Huron Hydrocarbons, Inc., ES Services Company, CMS
Engineering Company, Consumers EnergyGuard Services, Inc. and MEC Development
Corporation consolidated with Consumers Funding LLC, Consumers Parnall Holdings
LLC, Consumers Receivables Funding LLC, Consumers Campus Holdings LLC, CMS
Midland Holdings Company and CMS Midland, Inc. included on the equity method of
accounting.
A-25
CONSUMERS ENERGY COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
Consumers Consumers Consumers CMS
Consumers Parnall Consumers Receivables Campus Midland CMS
Energy Holdings Funding Funding Holdings Holdings Midland
Company (2) LLC LLC LLC LLC Company Inc.
Capitalization
Common Stockholders' Equity
Common stock $ 857 $ - $ - $ - $ - $ - $ -
Other paid-in-capital 684 5 2 163 3 64 168
Other comprehensive income (loss) (179) - - - - - 8
Retained earnings 546 - - - - 32 171
------ ------ ------ ------ ------ ------ ------
1,908 5 2 163 3 96 347
Preferred stock 44 - - - - - -
Company-obligated mandatorily
redeemable preferred
securities of subsidiaries 490 - - - - - -
Long-term debt 2,938 - 426 - - - -
Non-current capital leases 62 - - - 54 - -
------ ------ ------ ------ ------ ------ ------
5,442 5 428 163 57 96 347
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term debt 278 - 27 - - - -
Current capital leases 13 - - - - - -
Notes payable 493 - - - - - -
Accounts payable 259 - 1 1 - - -
Accounts payable-related parties 85 - - - - - -
Accrued interest 52 - 4 - - - -
Accrued taxes 217 - - - - 7 (10)
Deferred income taxes 25 - - - - - -
Current portion of purchase
power contracts 26 - - - - - -
Other 145 - - - - - -
------ ------ ------ ------ ------ ------ ------
1,593 - 32 1 - 7 (10)
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Deferred income taxes 748 - - - - 139 62
Postretirement benefits 563 - - - - - -
Deferred investment tax credit 77 - - - - 13 1
Regulatory liabilities for
income taxes, net 297 - - - - - -
Power purchase agreement 27 - - - - - -
Other 207 1 - - - - -
------ ------ ------ ------ ------ ------ ------
1,919 1 - - - 152 63
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $8,954 $ 6 $ 460 $ 164 $ 57 $ 255 $ 400
====== ====== ====== ====== ====== ====== ======
(Continued on the Next Page)
A-26
CONSUMERS ENERGY COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
(Continued from Previous Page)
Consumers
Inter- Energy
Company Company
Eliminations Consol.
Capitalization
Common Stockholders' Equity
Common stock $ (16) $ 841
Other paid-in-capital (407) 682
Other comprehensive income (loss) (8) (179)
Retained earnings (204) 545
------- -------
(635) 1,889
Preferred stock - 44
Company-obligated mandatorily
redeemable preferred
securities of subsidiaries - 490
Long-term debt (922) 2,442
Non-current capital leases - 116
------- -------
(1,557) 4,981
------- -------
Current Liabilities
Current portion of long-term debt - 305
Current capital leases - 13
Notes payable (36) 457
Accounts payable - 261
Accounts payable-related parties (1) 84
Accrued interest (1) 55
Accrued taxes - 214
Deferred income taxes - 25
Current portion of purchase
power contracts - 26
Other - 145
------- -------
(38) 1,585
------- -------
Non-current Liabilities
Deferred income taxes - 949
Postretirement benefits - 563
Deferred investment tax credit - 91
Regulatory liabilities for income taxes, net - 297
Power purchase agreement - 27
Other (1) 207
------- -------
(1) 2,134
------- -------
Total Stockholders' Equity
and Liabilities $(1,596) $ 8,700
======= =======
(2) Represents Consumers Energy Company, Consumers Power Company Financing I,
Consumers Energy Company Financing II, Consumers Energy Company Financing III,
Consumers Energy Company Financing IV, Consumers Nuclear Services LLC, Michigan
Gas Storage Company, Huron Hydrocarbons, Inc. ES Services Company, CMS
Engineering Company, Consumers EnergyGuard Services, Inc. and MEC Development
Corporation consolidated with Consumers Funding LLC, Consumers Parnall Holdings
LLC, Consumers Receivables Funding LLC, Consumers Campus Holdings LLC, CMS
Midland Holdings Company and CMS Midland, Inc. included on the equity method of
accounting.
A-27
CMS ENTERPRISES COMPANY
Consolidating Balance Sheet-Assets
December 31, 2002
(In Millions)
CMS CMS CMS CMS Gas
Enterprises Generation Resource CMS CMS Trans.
Company Company Development Land MS&T Company
(3) Consol. Company Company Company Consol.
Plant and Property (At Cost)
Natural gas transmission $ - $ - $ - $ - $ - $ 166
Independent power production - 157 - - - -
Other 2 - - 14 25 -
------- ------- ------- ------- ------- -------
2 157 - 14 25 166
Less accumulated depreciation,
depletion and amortization 2 70 - - 9 81
------- ------- ------- ------- ------- -------
- 87 - 14 16 85
Construction work-in-progress - - - - - 1
------- ------- ------- ------- ------- -------
- 87 - 14 16 86
------- ------- ------- ------- ------- -------
Investments
Associated companies 3,136 121 - - - 215
Independent power production - 405 - - - -
Natural gas transmission - - - - - 20
Other 1 - - - 8 -
------- ------- ------- ------- ------- -------
3,137 526 - - 8 235
------- ------- ------- ------- ------- -------
Current Assets
Cash and temporary cash
investments (1) 14 - - (1) 1
Accounts/notes receivable 3 25 - - 248 6
Accounts/notes receivable-related parties 395 176 9 - 78 101
Gas in underground storage 1 - - - 2 2
Materials and supplies - 10 - - - 1
Assets held for sale - - - - 259 347
Price risk management assets - - - - 115 -
Prepayments and other 2 9 - - 7 1
------- ------- ------- ------- ------- -------
400 234 9 - 708 459
------- ------- ------- ------- ------- -------
Non-current Assets
Notes receivable - 108 - - - 18
Notes receivable-related parties 146 7 - - 306 -
Assets held for sale - - - - - 2,035
Price risk management assets - - - - 135 -
Other 9 53 - - 3 13
------- ------- ------- ------- ------- -------
155 168 - - 444 2,066
------- ------- ------- ------- ------- -------
Total Assets $ 3,692 $ 1,015 $ 9 $ 14 $ 1,176 $ 2,846
======= ======= ======= ======= ======= =======
(Continued on Following Page)
A-28
CMS ENTERPRISES COMPANY
Consolidating Balance Sheet-Assets
December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS Micro-
CMS Int'l Power CMS
CMS Vent. Systems/ Inter- Enterprises
Capital LLC CMS Dist. Company Company
LLC Consol. Power LLC Eliminations Consol.
Plant and Property (At Cost)
Natural gas transmission $ - $ 46 $ - $ (2) $ 210
Independent power production - 94 - - 251
Other 1 - 5 - 47
------ ------- ------- ------- -------
1 140 5 (2) 508
Less accumulated depreciation,
depletion and amortization - 36 3 (1) 200
------ ------- ------- ------- -------
1 104 2 (1) 308
Construction work-in-progress - - - - 1
------ ------- ------- ------- -------
1 104 2 (1) 309
------ ------- ------- ------- -------
Investments
Associated companies - - - (3,453) 19
Independent power production - 101 - 59 565
Natural gas transmission - 217 - (59) 178
Other - - - - 9
------ ------- ------- ------- -------
- 318 - (3,453) 771
------ ------- ------- ------- -------
Current Assets
Cash and temporary cash
investments 62 31 - - 106
Accounts/notes receivable 16 16 - - 314
Accounts/notes receivable-related parties 419 80 4 (810) 452
Gas in underground storage - - - - 5
Materials and supplies - 7 - - 18
Assets held for sale - 59 - (19) 646
Price risk management assets - - - - 115
Prepayments and other - 5 - (13) 11
------ ------- ------- ------- -------
497 198 4 (842) 1,667
------ ------- ------- ------- -------
Non-current Assets
Notes receivable - - - - 126
Notes receivable-related parties 132 28 - (153) 466
Assets held for sale - 46 - - 2,081
Price risk management assets - - - - 135
Other 4 71 - - 153
------ ------- ------- ------- -------
136 145 - (153) 2,961
------ ------- ------- ------- -------
Total Assets $ 634 $ 765 $ 6 $(4,449) $ 5,708
====== ======= ======= ======= =======
(3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc.,
CMS Comercializadora de Energia S.A., CMS Energy South America Company, CMS
Energy Asia Private Ltd., CMS Texas LLC and CMS Energy UK Limited consolidated
with CMS Generation Company, CMS Land Company, CMS Distributed Power LLC, CMS
MicroPower Systems LLC, CMS Capital LLC, CMS Marketing, Services and Trading
Company, CMS Gas Transmission Company, CMS International Ventures LLC and CMS
Resource Development Company included on the equity method of accounting.
A-29
CMS ENTERPRISES COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
CMS CMS CMS Gas
CMS Generation Resource CMS CMS Trans.
Enterprises Company Development Land MS&T Company
Company (3) Consol. Company Company Company Consol.
Capitalization
Common Stockholders' Equity
Common stock $ 1 $ - $ - $ - $ - $ -
Other paid-in-capital 6,241 2,383 4 22 237 2,073
Currency translation (469) (186) - - - (146)
Other comprehensive income
(loss) (116) (49) (1) - (8) (45)
Retained earnings (2,312) (1,010) (1) (20) (106) (565)
------- ------- ------- ------- ------- -------
3,345 1,138 2 2 123 1,317
Long-term debt 132 1 - - - 3
Non-current capital leases - - - - - -
------- ------- ------- ------- ------- -------
3,477 1,139 2 2 123 1,320
------- ------- ------- ------- ------- -------
Minority Interests - 11 - - - 1
------- ------- ------- ------- ------- -------
Current Liabilities
Current portion of long-term debt - - - - - 23
Current capital leases - - - - - -
Notes payable 215 19 1 11 155 14
Accounts payable 64 8 1 10 119 2
Accounts payable-related parties 22 36 1 - 54 12
Accrued interest 1 2 - - - -
Accrued taxes (39) (36) 1 (11) (26) (32)
Deferred income taxes 3 - - - - -
Liabilities held for sale - - - - 164 269
Price risk management liabilities - - - - 129 -
Current portion of gas supply
contract obligation - - - - 25 -
Other 3 14 2 - - 9
------- ------- ------- ------- ------- -------
269 43 6 10 620 297
------- ------- ------- ------- ------- -------
Non-current Liabilities
Postretirement benefits 29 12 2 - 15 70
Deferred income taxes (82) (225) (1) 2 (17) (79)
Gas supply contract obligations - - - - 241 -
Liabilities held for sale - - - - (2) 1,220
Price risk management liabilities - - - - 154 -
Other (1) 35 - - 42 17
------- ------- ------- ------- ------- -------
(54) (178) 1 2 433 1,228
------- ------- ------- ------- ------- -------
Total Stockholders' Equity
and Liabilities $ 3,692 $ 1,015 $ 9 $ 14 $ 1,176 $ 2,846
======= ======= ======= ======= ======= =======
(Continued on Following Page)
A-30
CMS ENTERPRISES COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS Micro-
CMS Power Inter- CMS
Int'l Vent. CMS Systems/CMS Company Enterprises
LLC Capital Dist. Power Eliminations Company
Consol. LLC LLC Consol.
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ (1) $ -
Other paid-in-capital 945 29 61 (5,837) 6,158
Currency translation (325) - - 658 (468)
Other comprehensive income (loss) (1) - - 109 (111)
Retained earnings (38) 16 (36) 1,786 (2,286)
------- ------- ------- ------- -------
581 45 25 (3,285) 3,293
Long-term debt 60 136 - (153) 179
Non-current capital leases - - - - -
------- ------- ------- ------- -------
641 181 25 (3,438) 3,472
------- ------- ------- ------- -------
Minority Interests - - - 9 21
------- ------- ------- ------- -------
Current Liabilities
Current portion of long-term
debt 7 - - - 30
Current capital leases - - - - -
Notes payable 9 442 - (865) 1
Accounts payable 15 2 1 (13) 209
Accounts payable-related parties - 2 - (93) 34
Accrued interest - - - - 3
Accrued taxes 27 6 (10) 17 (103)
Deferred income taxes - - - (13) (10)
Liabilities held for sale 41 - - (7) 467
Price risk management liabilities - - - (26) 103
Current portion of gas supply
contract obligations - - - - 25
Other 4 1 - - 33
------- ------- ------- ------- -------
103 453 (9) (1,000) 792
------- ------- ------- ------- -------
Non-current Liabilities
Postretirement benefits 3 - - - 131
Deferred income taxes (12) - (10) (3) (427)
Gas supply contract obligations - - - - 241
Liabilities held for sale 25 - - - 1,243
Price risk management liabilities - - - (17) 137
Other 5 - - - 98
------- ------- ------- ------- -------
21 - (10) (20) 1,423
------- ------- ------- ------- -------
Total Stockholders' Equity
and Liabilities $ 765 $ 634 $ 6 $(4,449) $ 5,708
======= ======= ======= ======= =======
(3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc.,
CMS Comercializadora de Energia S.A., CMS Energy South America Company, CMS
Energy Asia Private Ltd., CMS Texas LLC and CMS Energy UK Limited consolidated
with CMS Generation Company, CMS Land Company, CMS Distributed Power LLC, CMS
MicroPower Systems LLC, CMS Capital LLC, CMS Marketing, Services and Trading
Company, CMS Gas Transmission Company, CMS International Ventures LLC and CMS
Resource Development Company included on the equity method of accounting.
A-31
CMS GENERATION COMPANY
Consolidating Balance Sheet-Assets
December 31, 2002
(In Millions)
CMSG Dearborn CMSG
CMS CMSG CMSG Grayling Generation Filer City
Generation Filer City, Grayling Holdings Operating Operating
Company (4) Inc. Company Company LLC Company
Plant and Property (At Cost)
Independent power production $ 4 $ - $ - $ - $ - $ -
Less accumulated depreciation,
depletion and amortization 1 - - - - -
---- ---- ---- ---- ---- ----
3 - - - - -
Construction work-in-progress - - - - - -
----- ---- ---- ---- ---- ----
3 - - - - -
---- ---- ---- ---- ---- ----
Investments
Associated companies 746 - - - - -
Other 40 24 1 7 - -
---- ---- ---- ---- ---- ----
786 24 1 7 - -
---- ---- ---- ---- ---- ----
Current Assets
Cash and temporary cash
investments - - - - - -
Accounts/notes receivable - - - - 1 -
Accounts/notes receivable-related parties 31 - - 1 4 1
Materials and supplies - - - - - -
Generating plant fuel stock - - - - - -
Prepayments and other 2 - - - - -
---- ---- ---- ---- ---- ----
33 - - 1 5 1
---- ---- ---- ---- ---- ----
Non-current Assets
Notes receivable - - - - - -
Notes receivable-related parties 7 - - - - -
Other 51 - - - - -
---- ---- ---- ---- ---- ----
58 - - - - -
---- ---- ---- ---- ---- ----
Total Assets $880 $ 24 $ 1 $ 8 $ 5 $ 1
==== ==== ==== ==== ==== ====
(Continued on Following Page)
A-32
CMS GENERATION COMPANY
Consolidating Balance Sheet-Assets
December 31, 2002
(In Millions)
(Continued from Previous Page)
Dearborn CMSG
Industrial Investment CMSG HYDRA-CO CMSG CMSG
Generation Company Michigan Enterprises Holdings Genesee
LLC I Consol. Power LLC Inc. Company Company
Plant and Property (At Cost)
Independent power production $ 86 $ - $ 17 $ - $ - $ -
Less accumulated depreciation,
and amortization 23 - 9 - - -
---- ---- ---- ---- ---- ----
63 - 8 - - -
Construction work-in-progress - - - - - -
---- ---- ---- ---- ---- ----
63 - 8 - - -
---- ---- ---- ---- ---- ----
Investments
Associated companies - - - - - -
Other - 291 - 37 5 -
---- ---- ---- ---- ---- ----
- 291 - 37 5 -
---- ---- ---- ---- ---- ----
Current Assets
Cash and temporary cash
investments - 5 - - - -
Accounts/notes receivable 3 15 - - - -
Accounts/notes receivable-related parties 29 106 2 3 1 2
Materials and supplies 5 5 - - - -
Generating plant fuel stock - - - - - -
Prepayments and other 2 1 - 1 - -
---- ---- ---- ---- ---- ----
39 132 2 4 1 2
---- ---- ---- ---- ---- ----
Non-current Assets
Notes receivable - 108 - - - -
Notes receivable-related parties - 9 - - - -
Other - 1 - 1 - -
---- ---- ---- ---- ---- ----
- 118 - 1 - -
---- ---- ---- ---- ---- ----
Total Assets $102 $541 $ 10 $ 42 $ 6 $ 2
==== ==== ==== ==== ==== ====
(Continued on Following Page)
A-33
CMS GENERATION COMPANY
Consolidating Balance Sheet-Assets
December 31, 2002
(In Millions)
(Continued from Previous Page)
Taweelah
Exeter CMSG A2 CMS Int'l Inter- CMSG
Energy Operating Operating Operating Company Company
LLC Company Company Company Eliminations Consol.
Plant and Property (At Cost)
Independent power production $ 50 $ - $ - $ - $ - $ 157
Less accumulated depreciation,
depletion and amortization 37 - - - - 70
------ ------ ------ ------ ------ ------
13 - - - - 87
Construction work-in-progress - - - - - -
------ ------ ------ ------ ------ ------
13 - - - - 87
------ ------ ------ ------ ------ ------
Investments
Associated companies - - - - (625) 121
Other - - - - - 405
------ ------ ------ ------ ------ ------
- - - - (625) 526
------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash investments 5 - - 4 - 14
Accounts/notes receivable 1 - - 5 - 25
Accounts/notes receivable-related parties - 5 1 13 (23) 176
Materials and supplies - - - - - 10
Generating plant fuel stock - - - - - -
Prepayments and other - - - 3 - 9
------ ------ ------ ------ ------ ------
6 5 1 25 (23) 234
------ ------ ------ ------ ------ ------
Non-current Assets
Notes receivable - - - - - 108
Notes receivable-related parties - - - - (9) 7
Other - - - - - 53
------ ------ ------ ------ ------ ------
- - - - (9) 168
------ ------ ------ ------ ------ ------
Total Assets $ 19 $ 5 $ 1 $ 25 $ (657) $1,015
====== ====== ====== ====== ====== ======
(4) Represents CMS Generation Company, CMS Altoona Company, CMSG Chateaugay
Company, CMSG Honey Lake Company, CMSG Recycling Company, CMSG Lyonsdale
Company, Mid-Michigan Recycling LLC and CMS Centrales Termicas S.A. consolidated
with CMSG Investment Company I included on the equity method of accounting.
A-34
CMS GENERATION COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
CMS CMSG Dearborn CMSG
Generation CMSG CMSG CMSG Grayling Generation Filer City
Company Honey Lake Filer City, Grayling Holdings Operating Operating
(4) Company Inc. Company Company LLC Company
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 2,427 10 6 4 7 4 1
Currency translation (186) - - - - - -
Other comprehensive income
(loss) (49) - - - (2) - -
Retained earnings (1,042) (7) 13 (4) (4) 1 (1)
------ ------ ------ ------ ------ ------ ------
1,150 3 19 - 1 5 -
Long-term debt - - - - - - -
Non-current capital leases - - - - - - -
------ ------ ------ ------ ------ ------ ------
1,150 3 19 - 1 5 -
------ ------ ------ ------ ------ ------ ------
Minority Interests - - - - - - -
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term debt - - - - - - -
Current capital leases - - - - - - -
Notes payable - - 1 - - - -
Accounts payable 4 - - - - - -
Accounts payable-related parties 8 - - - - - -
Accrued interest - - - - - - -
Accrued taxes (79) - - - - - -
Other 1 - - - - - -
------ ------ ------ ------ ------ ------ ------
(66) - 1 - - - -
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits 8 - - - - - 1
Deferred income taxes (213) (3) 4 1 7 - -
Other 1 - - - - - -
------ ------ ------ ------ ------ ------ ------
(204) (3) 4 1 7 - 1
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $ 880 $ - $ 24 $ 1 $ 8 $ 5 $ 1
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
A-35
CMS GENERATION COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
(Continued from Previous Page)
Dearborn Mid- CMSG
Industrial CMSG CMSG Michigan Investment CMSG HYDRA-CO
Generation Altoona Recycling Recycling Company Michigan Enterprise
LLC Company Company LLC I Consol. Power LLC Inc.
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 562 (6) 3 4 807 75 195
Currency translation - - - - (168) - -
Other comprehensive income (loss) - - - - (43) - -
Retained earnings (535) 6 (2) (4) (123) (66) (163)
------ ------ ------ ------ ------ ------ ------
27 - 1 - 473 9 32
Long-term debt - - - - 9 - 1
Non-current capital leases - - - - - - -
------ ------ ------ ------ ------ ------ ------
27 - 1 - 482 9 33
------ ------ ------ ------ ------ ------ ------
Minority Interests - - - - 11 - -
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term debt - - - - - - -
Current capital leases - - - - - - -
Notes payable 14 - - - 13 - 1
Accounts payable 1 - - - 3 - -
Accounts payable-related parties 24 - - - 14 - -
Accrued interest - - - - - - 2
Accrued taxes - - - - 4 1 6
Other 11 - - - 2 - -
------ ------ ------ ------ ------ ------ ------
50 - - - 36 1 9
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - - - - -
Deferred income taxes - - (1) - 8 - (5)
Other 25 - - - 4 - 5
------ ------ ------ ------ ------ ------ ------
25 - (1) - 12 - -
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $ 102 $ - $ - $ - $ 541 $ 10 $ 42
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
A-36
CMS GENERATION COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
(Continued from Previous Page)
Taweelah
CMSG CMSG Exeter CMSG A2
Holdings Genesee Energy Operating Operating
Company Company LLC Company Company
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ 1 $ -
Other paid-in-capital 16 - (13) 3 -
Currency translation - - - - -
Other comprehensive income (loss) - - - (1) -
Retained earnings (13) - 31 (1) 1
------ ------ ------ ------ ------
3 - 18 2 1
Long-term debt - - - - -
Non-current capital leases - - - - -
------ ------ ------ ------ ------
3 - 18 2 1
------ ------ ------ ------ ------
Minority Interests - - - - -
------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term debt - - - - -
Current capital leases - - - - -
Notes payable - - - - -
Accounts payable - - - - -
Accounts payable-related parties - - 1 - -
Accrued interest - - - - -
Accrued taxes - - - 1 -
Other - - - - -
------ ------ ------ ------ ------
- - 1 1 -
------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - 3 -
Deferred income taxes 3 2 - (1) -
Other - - - - -
------ ------ ------ ------ ------
3 2 - 2 -
------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $ 6 $ 2 $ 19 $ 5 $ 1
====== ====== ====== ====== ======
(Continued on Following Page)
A-37
CMS GENERATION COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS Int'l Inter- CMSG
Operating Company Company
Company Eliminations Consol.
Capitalization
Common Stockholders' Equity
Common stock $ - $ (1) $ -
Other paid-in-capital 3 (1,725) 2,383
Currency translation (1) 169 (186)
Other comprehensive income
(loss) - 46 (49)
Retained earnings 17 886 (1,010)
------ ------ ------
19 (625) 1,138
Long-term debt - (9) 1
Non-current capital leases - - -
------ ------ ------
19 (634) 1,139
------ ------ ------
Minority Interests - - 11
------ ------ ------
Current Liabilities
Current portion of long-term debt - - -
Current capital leases - - -
Notes payable - (10) 19
Accounts payable - - 8
Accounts payable-related parties 2 (13) 36
Accrued interest - - 2
Accrued taxes 4 27 (36)
Other - - 14
------ ------ ------
6 4 43
------ ------ ------
Non-current Liabilities
Postretirement benefits - - 12
Deferred income taxes - (27) (225)
Other - - 35
------ ------ ------
- (27) (178)
------ ------ ------
Total Stockholders' Equity
and Liabilities $ 25 $ (657) $ 1,015
====== ====== ======
(4) Represents CMS Generation Company, CMSG Lyonsdale Company, CMSG Montreal
Company, CMSG Chateaugay Company and CMS Centrales Termicas S.A. consolidated
with CMSG Investment Company I included on the equity method of accounting.
A-38
CMS GENERATION INVESTMENT COMPANY I
Consolidating Balance Sheet - Assets
December 31, 2002
(In Millions)
CMSG CMSG
CMSG Loy Yang CMSG CMSG CMSG Inter- Investment
Investment Holdings Investment Investment Investment Company Company I
Co. I (5) I & II, Ltd. Co. IV Co. VI Co. VII Eliminations Consol.
Plant and Property (At Cost)
Independent power production $ - $ - $ - $ - $ - $ - $ -
Less accumulated depreciation,
depletion and amortization - - - - - - -
-------- -------- -------- -------- ------- ------ -------
- - - - - - -
Construction work-in-progress - - - - - - -
-------- -------- -------- -------- ------- ------ -------
- - - - - - -
-------- -------- -------- -------- ------- ------ -------
Investments
Associated companies 88 - - - - (88) -
Other - - 240 - 51 - 291
-------- -------- -------- -------- ------- ------ -------
88 - 240 - 51 (88) 291
-------- -------- -------- -------- ------- ------ -------
Current Assets
Cash and temporary cash
investments - - 1 4 - - 5
Accounts/notes receivable - - - 15 - - 15
Accounts/notes receivable-related
parties 329 8 87 40 - (358) 106
Materials and supplies - - - 5 - - 5
Prepayments and other - - - 1 - - 1
-------- -------- -------- -------- ------- ------ -------
329 8 88 65 - (358) 132
-------- -------- -------- -------- ------- ------ -------
Non-current Assets
Notes receivable - - - 108 - - 108
Notes receivable-related parties 60 - - - 9 (60) 9
Other 1 - - - - - 1
-------- -------- -------- -------- ------- ------ -------
61 - - 108 9 (60) 118
-------- -------- -------- -------- ------- ------ -------
Total Assets $ 478 $ 8 $ 328 $ 173 $ 60 $ (506) $ 541
======== ======== ======== ======== ======= ====== =======
(5) Represents CMSG Investment Company I and CMSG Pinamucan LDC consolidated.
A-39
CMS GENERATION INVESTMENT COMPANY I
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
CMSG
CMSG CMSG Loy Yang CMSG CMSG CMSG
Investment Cebu Holdings Pinamucan Investment Investment
Co. I (5) LDC I & II Ltd. LDC Co. IV Co. VI
Capitalization
Common Stockholders' Equity
Common stock $ - $ 3 $ - $ - $ - $ -
Other paid-in-capital 807 (4) 283 3 3 99
Currency translation (168) - (168) - - -
Other comprehensive income
(loss) (43) - - - (11) -
Retained earnings (123) 1 (435) (3) 274 44
-------- --------- -------- -------- ------- -------
473 - (320) - 266 143
Long-term debt - - - - 9 -
Non-current capital leases - - - - - -
-------- --------- -------- -------- ------- -------
473 - (320) - 275 143
-------- --------- -------- -------- ------- -------
Minority Interests - - - - - 11
-------- --------- -------- -------- ------- -------
Current Liabilities
Current portion of long-term
debt - - - - - -
Current capital leases - - - - - -
Notes payable - - 316 - 52 -
Accounts payable - - - - - 3
Accounts payable-related
parties 4 - 13 - - -
Accrued interest - - - - - -
Accrued taxes 1 - (1) - - 4
Other - - - - - 2
-------- --------- -------- -------- ------- -------
5 - 328 - 52 9
-------- --------- -------- -------- ------- -------
Non-current Liabilities
Postretirement benefits - - - - - -
Deferred income taxes - - - - - 8
Other - - - - 1 2
-------- --------- -------- -------- ------- -------
- - - - 1 10
-------- --------- -------- -------- ------- -------
Total Stockholders' Equity
and Liabilities $ 478 $ - $ 8 $ - $ 328 $ 173
======== ========= ======== ======== ======= =======
(Continued on Following Page)
A-40
CMS GENERATION INVESTMENT COMPANY I
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
(Continued from Previous Page)
CMSG CMSG
Investment Inter- Investment
Company Company Company I
VII Eliminations Consol.
Capitalization
Common Stockholders' Equity
Common stock $ - $ (3) $ -
Other paid-in-capital 14 (398) 807
Currency translation - 168 (168)
Other comprehensive income
(loss) (32) 43 (43)
Retained earnings 17 102 (123)
-------- -------- ---------
(1) (88) 473
Long-term debt 60 (60) 9
Non-current capital leases - - -
-------- -------- ---------
59 (148) 482
-------- -------- ---------
Minority Interests - - 11
-------- -------- ---------
Current Liabilities
Current portion of long-term
debt - - -
Current capital leases - - -
Notes payable - (355) 13
Accounts payable - - 3
Accounts payable-related
parties - (3) 14
Accrued interest - - -
Accrued taxes - - 4
Other - - 2
-------- -------- ---------
- (358) 36
-------- -------- ---------
Non-current Liabilities
Postretirement benefits - - -
Deferred income taxes - - 8
Other 1 - 4
-------- -------- ---------
1 - 12
-------- -------- ---------
Total Stockholders' Equity
and Liabilities $ 60 $ (506) $ 541
======== ======== =========
(5) Represents CMSG Investment Company I consolidated.
A-41
CMS GAS TRANSMISSION COMPANY
Consolidating Balance Sheet - Assets
December 31, 2002
(In Millions)
CMS Bay CMS
CMS Gas CMS Area CMS Gas Jackson
Transmission Antrim Pipeline Argentina Pipeline
Company (6) LLC LLC Company Company
Plant and Property (At Cost)
Natural gas transmission $ - $ 54 $ 24 $ - $ 10
Other - - - - -
------ ------ ------ ------ ------
- 54 24 - 10
Less accumulated depreciation,
depletion and amortization - 21 3 - 3
------ ------ ------ ------ ------
- 33 21 - 7
Construction work-in-progress - - - - -
------ ------ ------ ------ ------
- 33 21 - 7
------ ------ ------ ------ ------
Investments
Associated companies 1,194 - - - -
Other 15 - - - -
------ ------ ------ ------ ------
1,209 - - - -
------ ------ ------ ------ ------
Current Assets
Cash and temporary cash investments - - - - 1
Accounts/notes receivable 2 1 - - -
Accounts/notes receivable-related parties 5 2 2 8 -
Gas in underground storage 2 - - - -
Materials and supplies - 1 - - -
Assets held for sale - - - - -
Prepayments and other - - - - -
------ ------ ------ ------ ------
9 4 2 8 1
------ ------ ------ ------ ------
Non-current Assets
Notes receivable 18 - - - -
Notes receivable-related parties - - - - -
Assets held for sale - - - - -
Other 3 - - - 1
------ ------ ------ ------ ------
21 - - - 1
------ ------ ------ ------ ------
Total Assets $1,239 $ 37 $ 23 $ 8 $ 9
====== ====== ====== ====== ======
(Continued on Following Page)
A-42
CMS GAS TRANSMISSION COMPANY
Consolidating Balance Sheet - Assets
December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS Panhandle CMS Field
Marysville Eastern Pipe Services CMS Inter- CMS Gas
Gas Liquids Line Co. Inc., Grand Lacs Company Trans. Co.
Company Consol. Consol. LLC Eliminations Consol.
Plant and Property (At Cost)
Natural gas transmission $ 46 $ - $ - $ 32 $ - $ 166
Other - - - - - -
------ ------ ------ ------ ------ ------
46 - - 32 - 166
Less accumulated depreciation,
depletion and amortization 43 - - 11 - 81
------ ------ ------ ------ ------ ------
3 - - 21 - 85
Construction work-in-progress 1 - - - - 1
------ ------ ------ ------ ------ ------
4 - - 21 - 86
------ ------ ------ ------ ------ ------
Investments
Associated companies - - - - (979) 215
Other 5 - - - - 20
------ ------ ------ ------ ------ ------
5 - - - (979) 235
------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash investments - - - - - 1
Accounts/notes receivable 2 - - 1 - 6
Accounts/notes receivable-related
parties 2 64 22 1 (5) 101
Gas in underground storage - - - - - 2
Materials and supplies - - - - - 1
Assets held for sale - 278 69 - - 347
Prepayments and other 1 - - - - 1
------ ------ ------ ------ ------ ------
5 342 91 2 (5) 459
------ ------ ------ ------ ------ ------
Non-current Assets
Notes receivable - - - - - 18
Notes receivable-related parties - - - - - -
Assets held for sale - 1,845 190 - - 2,035
Other 4 5 - - - 13
------ ------ ------ ------ ------ ------
4 1,850 190 - - 2,066
------ ------ ------ ------ ------ ------
Total Assets $ 18 $2,192 $ 281 $ 23 $(984) $2,846
====== ====== ====== ====== ====== ======
(6) Represents CMS Gas Transmission Company and CMS Saginaw Bay Lateral Company
consolidated with CMS Field Services, Inc. and Panhandle Eastern Pipe Line
Company included on the equity method of accounting.
A-43
CMS GAS TRANSMISSION COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
CMS
CMS Bay Saginaw CMS CMS
CMS Gas CMS Area Bay CMS Gas Jackson Marysville
Transmission Antrim Pipeline Lateral Argentina Pipeline Gas Liquids
Company(6) LLC LLC Company Company Company Company
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ 4 $ - $ -
Other paid-in-capital 2,073 - 23 3 164 2 32
Currency translation (146) - - - (211) - -
Other comprehensive income
(loss) (45) - - - - - (1)
Retained earnings (562) 3 (4) (3) 51 - (12)
------ ------ ------ ------ ------ ------ ------
1,320 3 19 - 8 2 19
Long-term debt - - - - - 3 -
Non-current capital leases - - - - - - -
------ ------ ------ ------ ------ ------ ------
1,320 3 19 - 8 5 19
------ ------ ------ ------ ------ ------ ------
Minority Interests - - - - - 1 -
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term debt - 23 - - - - -
Current capital leases - - - - - - -
Notes payable 6 - - - - - -
Accounts payable - 1 - - - 1 -
Accounts payable-related parties 4 1 1 - - - 1
Accrued interest - - - - - - -
Accrued taxes (46) 1 1 - - - 1
Deferred income taxes - - - - - - -
Liabilities held for sale - - - - - - -
Other 8 1 - - - - -
------ ------ ------ ------ ------ ------ ------
(28) 27 2 - - 1 2
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits 1 - - - - - 1
Deferred income taxes (70) 7 2 - - 1 (4)
Liabilities held for sale - - - - - - -
Other 16 - - - - 1 -
------ ------ ------ ------ ------ ------ ------
(53) 7 2 - - 2 (3)
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $1,239 $ 37 $ 23 $ - $ 8 $ 9 $ 18
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
A-44
CMS GAS TRANSMISSION COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
(Continued from Previous Page)
Panhandle CMS
Eastern Pipe CMS Field Tristate Grand Inter- CMS Gas
Line Co. Services Inc. Pipeline Lacs Company Trans. Co.
Consol. Consol. LLC LLC Eliminations Consol.
Capitalization
Common Stockholders' Equity
Common stock $ 1 $ - $ - $ - $ (5) $ -
Other paid-in-capital 1,124 229 6 30 (1,613) 2,073
Currency translation - - - - 211 (146)
Other comprehensive income
(loss) (32) (4) - - 37 (45)
Retained earnings (341) (72) (6) (10) 391 (565)
------ ------ ------ ------ ------ ------
752 153 - 20 (979) 1,317
Long-term debt - - - - - 3
Non-current capital leases - - - - - -
------ ------ ------ ------ ------ ------
752 153 - 20 (979) 1,320
------ ------ ------ ------ ------ ------
Minority Interests - - - - - 1
------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term debt - - - - - 23
Current capital leases - - - - - -
Notes payable - 8 - - - 14
Accounts payable - - - - - 2
Accounts payable-related parties 5 4 - 1 (5) 12
Accrued interest - - - - - -
Accrued taxes - (9) - 1 19 (32)
Deferred income taxes - - - - - -
Liabilities held for sale 190 79 - - - 269
Other - - - - - 9
------ ------ ------ ------ ------ ------
195 82 - 2 14 297
------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits 62 6 - - - 70
Deferred income taxes (40) 43 - 1 (19) (79)
Liabilities held for sale 1,223 (3) - - - 1,220
Other - - - - - 17
------ ------ ------ ------ ------ ------
1,245 46 - 1 (19) 1,228
------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $2,192 $ 281 $ - $ 23 $ (984) $2,846
====== ====== ====== ====== ====== ======
(6) Represents CMS Gas Transmission Company consolidated with CMS Field
Services, Inc. and Panhandle Eastern Pipe Line Company included on the equity
method of accounting.
A-45
PANHANDLE EASTERN PIPE LINE COMPANY
Consolidating Balance Sheet - Assets
December 31, 2002
(In Millions)
CMS
Panhandle CMS Trunkline CMS PEPL Panhandle
Eastern Pipe Trunkline LNG Pan Gas Inter- Consol. Eastern Pipe
Line Co. Gas Co. Holdings Storage Company (before Disc. Disc. Line Co.
Consol. (7) LLC (8) Co. LLC Co. Eliminations Oper.) Oper. Consol.
Plant and Property (At Cost)
Natural gas transmission $ 776 $ 751 $ 43 $ 195 $ - $1,765 $(1,765) $ -
Other - - - - - - - -
------ ------ ------ ------ ------ ------ ------- ------
776 751 43 195 - 1,765 (1,765) -
Less accumulated depreciation,
depletion and amortization 72 101 3 12 - 188 (188) -
------ ------ ------ ------ ------ ------ ------- ------
704 650 40 183 - 1,577 (1,577) -
Construction work-in-progress 27 6 10 1 - 44 (44) -
------ ------ ------ ------ ------ ------ ------- ------
731 656 50 184 - 1,621 (1,621) -
------ ------ ------ ------ ------ ------ ------- ------
Investments
Associated companies 959 - - - (959) - - -
Other 68 - - - - 68 (68) -
------ ------ ------ ------ ------ ------ ------- ------
1,027 - - - (959) 68 (68) -
------ ------ ------ ------ ------ ------ ------- ------
Current Assets
Cash and temporary cash
investments 71 - 10 - - 81 (81) -
Accounts/notes receivable 34 13 5 4 (6) 50 (50) -
Accounts/notes
receivable-related
parties 69 - 9 - (9) 69 (5) 64
Gas in underground storage - - - - - - - -
Materials and supplies 16 23 2 - - 41 (41) -
Assets held for sale - - - - - - 278 278
Prepayments and other 109 17 6 - (31) 101 (101) -
------ ------ ------ ------ ------ ------ ------- ------
299 53 32 4 (46) 342 - 342
------ ------ ------ ------ ------ ------ ------- ------
Non-current Assets
Notes receivable-related
parties 70 111 53 68 (302) - - -
Assets held for sale - - - - - - 1,845 1,845
Other 106 13 25 17 - 161 (156) 5
------ ------ ------ ------ ------ ------ ------- ------
176 124 78 85 (302) 161 1,689 1,850
------ ------ ------ ------ ------ ------ ------- ------
Total Assets $2,233 $ 833 $ 160 $ 273 ($1,307) $2,192 $ - $2,192
====== ====== ====== ====== ====== ====== ======= ======
(7) Represents Panhandle Eastern Pipe Line Company, CMS Panhandle Eastern
Resources, Inc., CMS Panhandle Storage Company, CMS Trunkline Field Services
Company, MG Ventures Storage, Inc., CMS Panhandle Lake Charles Generation
Company LLC, CMS Panhandle LNG Acquisition Company, Panhandle Partner LLC and
CMS Panhandle Holdings, LLC consolidated.
(8) Represents CMS Trunkline Gas Company LLC, CMS Trunkline Gas Resources LLC,
CMS Trunkline Offshore Pipeline Company LLC, CMS Trunkline Deepwater Pipeline
Company LLC and Sea Robin Pipeline Company consolidated.
A-46
PANHANDLE EASTERN PIPE LINE COMPANY
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
CMS
Panhandle CMS Trunkline CMS PEPL Panhandle
Eastern Pipe Trunkline LNG Pan Gas Inter- Consol. Eastern Pipe
Line Co. Gas Co. Holdings Storage Company (before Disc. Disc. Line Co.
Consol. (7) LLC (8) Co. LLC Co. Eliminations Oper.) Oper. Consol.
Capitalization
Common Stockholders' Equity
Common stock $ 1 $ - $ - $ - $ - $ 1 $ - $ 1
Other paid-in-capital 1,532 386 (162) 295 (927) 1,124 - 1,124
Other comprehensive income
(loss) (32) - - - - (32) - (32)
Retained earnings (326) 93 2 (35) (75) (341) - (341)
------ ------ ------ ------ ------ ------ ------ ------
1,175 479 (160) 260 (1,002) 752 - 752
Long-term debt 943 100 277 - (170) 1,150 (1,150) -
Non-current capital leases - - - - - - - -
------ ------ ------ ------ ------ ------ ------ ------
2,118 579 117 260 (1,172) 1,902 (1,150) 752
------ ------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term
debt - - - - - - - -
Current capital leases - - - - - - - -
Notes payable 30 100 12 - (100) 42 (42) -
Accounts payable 5 3 1 - - 9 (9) -
Accounts payable-related
parties 12 1 - - (5) 8 (3) 5
Accrued interest 23 - 2 - - 25 (25) -
Accrued taxes 15 (10) - 6 - 11 (11) -
Liabilities held for sale - - - - - - 190 190
Other 82 41 6 1 (30) 100 (100) -
------ ------ ------ ------ ------ ------ ------ ------
167 135 21 7 (135) 195 - 195
------ ------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits 7 - - - - 7 55 62
Deferred income taxes (95) 48 1 6 - (40) - (40)
Liabilities held for sale - - - - - - 1,223 1,223
Other 36 71 21 - - 128 (128) -
------ ------ ------ ------ ------ ------ ------ ------
(52) 119 22 6 - 95 1,150 1,245
------ ------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $2,233 $ 833 $ 160 $ 273 ($1,307) $2,192 $ - $2,192
====== ====== ====== ====== ====== ====== ====== ======
(7) Represents Panhandle Eastern Pipe Line Company, CMS Panhandle Eastern
Resources, Inc., CMS Panhandle Storage Company, CMS Trunkline Field Services
Company, MG Ventures Storage, Inc., CMS Panhandle Lake Charles Generation
Company LLC, CMS Panhandle LNG Acquisition Company, Panhandle Partner LLC and
CMS Panhandle Holdings, LLC consolidated.
(8) Represents CMS Trunkline Gas Company LLC, CMS Trunkline Gas Resources LLC,
CMS Trunkline Offshore Pipeline Company LLC, CMS Trunkline Deepwater Pipeline
Company LLC and Sea Robin Pipeline Company consolidated.
A-47
CMS FIELD SERVICES, INC.
Consolidating Balance Sheet - Assets
December 31, 2002
(In Millions)
CMS
CMS/Okla. CMS Bighorn CMS Natural
CMS Field Natural Gas Taurus Gas CMS Gas Laverne Gas
Services Gathering Holdings Gathering Processing Gas Proc. Gathering
Inc. (9) LLC Co. LLC LLC LLC LLC LLC
Plant and Property (At Cost)
Natural gas transmission $ 9 $ 3 $ 56 $ 91 $ 66 $ 1 $ 76
Other - - - - - - -
------ ------ ------ ------ ------ ------ ------
9 3 56 91 66 1 76
Less accumulated depreciation,
depletion and amortization 5 - 11 7 12 - 15
------ ------ ------ ------ ------ ------ ------
4 3 45 84 54 1 61
Construction work-in-progress - - 1 3 - - -
------ ------ ------ ------ ------ ------ ------
4 3 46 87 54 1 61
------ ------ ------ ------ ------ ------ ------
Investments
Associated companies 251 - - - - - -
Other 5 - - - - - -
------ ------ ------ ------ ------ ------ ------
256 - - - - - -
------ ------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash
investments (4) - - 6 - - -
Accounts/notes receivable 30 - - 2 8 - -
Accounts/notes
receivable-related
parties 42 - - - - - (2)
Gas in underground storage - - - - - - -
Materials and supplies 4 - - - - - -
Assets held for sale - - - - - - -
Prepayments and other 4 - - - - - -
------ ------ ------ ------ ------ ------ ------
76 - - 8 8 - (2)
------ ------ ------ ------ ------ ------ ------
Non-current Assets
Notes receivable - - - - - - -
Assets held for sale - - - - - - -
Other 3 - - - - - -
------ ------ ------ ------ ------ ------ ------
3 - - - - - -
------ ------ ------ ------ ------ ------ ------
Total Assets $ 339 $ 3 $ 46 $ 95 $ 62 $ 1 $ 59
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
A-48
CMS FIELD SERVICES, INC.
Consolidating Balance Sheet - Assets
December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS CMS CMS FS CMS Field
Cherokee Bradshaw CMS Gulf Hydro- Inter- Consol. Services
Gas Proc. Energy Coast Field carbons Company (before Disc. Disc. Inc.
LLC LLC Services LLC LLC Eliminations Oper.) Oper. Consol.
Plant and Property (At Cost)
Natural gas transmission $ 49 $ 12 $ 40 $ 4 $ - $ 407 $ (407) $ -
Other - - - - - - - -
------ ------ ------ ------ ------ ------ ------ ------
49 12 40 4 - 407 (407) -
Less accumulated depreciation,
depletion and amortization 11 2 6 - - 69 (69) -
------ ------ ------ ------ ------ ------ ------ ------
38 10 34 4 - 338 (338) -
Construction work-in-progress 1 - - - - 5 (5) -
------ ------ ------ ------ ------ ------ ------ ------
39 10 34 4 - 343 (343) -
------ ------ ------ ------ ------ ------ ------ ------
Investments
Associated companies - - - - (251) - - -
Other - - 3 - - 8 (8) -
------ ------ ------ ------ ------ ------ ------ ------
- - 3 - (251) 8 (8) -
------ ------ ------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash
investments (2) 1 - - - 1 (1)
Accounts/notes receivable 2 - - - - 42 (42) -
Accounts/notes
receivable-related
parties - - - - - 40 (18) 22
Gas in underground storage - - - - - - - -
Materials and supplies - - - - - 4 (4) -
Assets held for sale - - - - - - 69 69
Prepayments and other - - - - - 4 (4) -
------ ------ ------ ------ ------ ------ ------ ------
- 1 - - - 91 - 91
------ ------ ------ ------ ------ ------ ------ ------
Non-current Assets
Notes receivable - - - - - - - -
Assets held for sale - - - - - - 190 190
Other - - - - - 3 (3) -
------ ------ ------ ------ ------ ------ ------ ------
- - - - - 3 187 190
------ ------ ------ ------ ------ ------ ------ ------
Total Assets $ 39 $ 11 $ 37 $ 4 $ (251) $ 445 $ (164) $ 281
====== ====== ====== ====== ====== ====== ====== ======
(9) Represents CMS Field Services, Inc. consolidated.
A-49
CMS FIELD SERVICES, INC.
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
CMS/Okla. CMS Bighorn CMS CMS
CMS Field Natural Gas Taurus Gas CMS Gas Laverne Natural Gas
Services Inc. Gathering Holdings Gathering Processing Gas Proc. Gathering
(9) LLC Co. LLC LLC LLC LLC LLC
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 229 2 39 84 51 - 64
Other comprehensive income (loss) (4) - - - - - -
Retained earnings 13 1 5 9 (6) 1 (7)
------ ------ ------ ------ ------ ------ ------
238 3 44 93 45 1 57
Long-term debt - - - - - - -
Non-current capital leases - - - - - - -
------ ------ ------ ------ ------ ------ ------
238 3 44 93 45 1 57
------ ------ ------ ------ ------ ------ ------
Minority Interests - - - - - - -
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term debt - - - - - - -
Current capital leases 1 - - - - - -
Notes payable 1 - - - 6 - -
Accounts payable 37 - 2 2 11 - 2
Accounts payable-related parties 8 - - - - - -
Accrued interest - - - - - - -
Accrued taxes (10) - - - - - -
Liabilities held for sale - - - - - - -
Other 14 - - - - - -
------ ------ ------ ------ ------ ------ ------
51 - 2 2 17 - 2
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits 7 - - - - - -
Deferred income taxes 43 - - - - - -
Liabilities held for sale - - - - - - -
Other - - - - - - -
------ ------ ------ ------ ------ ------ ------
50 - - - - - -
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $ 339 $ 3 $ 46 $ 95 $ 62 $ 1 $ 59
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
A-50
CMS FIELD SERVICES, INC.
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS CMS Gulf CMS CMS FS CMS Field
Cherokee Bradshaw Coast Field Hydro- Inter- Consol. Services
Gas Proc. Energy Services carbons Company before Disc. Disc. Inc.
LLC LLC LLC LLC Eliminations Oper.) Oper. Consol.
Capitalization
Common Stockholders' Equity
Common stock $ - $ - $ - $ - $ - $ - $ - $ -
Other paid-in-capital 17 8 23 4 (292) 229 - 229
Other comprehensive income
(loss) - - - - - (4) - (4)
Retained earnings 19 2 11 - (4) 44 (116) (72)
------ ------ ------ ------ ------ ------ ------ ------
36 10 34 4 (296) 269 (116) 153
Long-term debt - - - - - - - -
Non-current capital leases - - - - - - - -
------ ------ ------ ------ ------ ------ ------ ------
36 10 34 4 (296) 269 (116) 153
------ ------ ------ ------ ------ ------ ------ ------
Minority Interests - - - - 45 45 (45) -
------ ------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term
debt - - - - - - - -
Current capital leases - - - - - 1 (1) -
Notes payable - - 1 - - 8 - 8
Accounts payable 2 1 1 - - 58 (58) -
Accounts payable-related parties - - 1 - - 9 (5) 4
Accrued interest - - - - - - - -
Accrued taxes 1 - - - - (9) - (9)
Liabilities held for sale - - - - - - 79 79
Other - - - - - 14 (14) -
------ ------ ------ ------ ------ ------ ------ ------
3 1 3 - - 81 1 82
------ ------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - - - 7 (1) 6
Deferred income taxes - - - - - 43 - 43
Liabilities held for sale - - - - - - (3) (3)
Other - - - - - - - -
------ ------ ------ ------ ------ ------ ------ ------
- - - - - 50 (4) 46
------ ------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $ 39 $ 11 $ 37 $ 4 $ (251) $ 445 $ (164) $ 281
====== ====== ====== ====== ====== ====== ====== ======
(9) Represents CMS Field Services, Inc. consolidated.
A-51
CMS INTERNATIONAL VENTURES LLC
Consolidating Balance Sheet - Assets
December 31, 2002
(In Millions)
CMS
CMS Operating CMSG CMS Western CMSG
Int'l Ventures SRL Investment E&G Australia Investment
LLC (10) Consol. Co. III LLC GT Co. I Co. V
Plant and Property (At Cost)
Natural gas transmission $ - $ - $ - $ - $ 46 $ -
Independent power production - 94 - - - -
Other - - - - - -
------ ------ ------ ------ ------ ------
- 94 - - 46 -
Less accumulated depreciation,
depletion and amortization - 26 - - 10 -
------ ------ ------ ------ ------ ------
- 68 - - 36 -
Construction work-in-progress - - - - - -
------ ------ ------ ------ ------ ------
- 68 - - 36 -
------ ------ ------ ------ ------ ------
Investments
Associated companies 576 - - - - 60
Independent power production - - 78 - - 23
Natural gas transmission - 6 - - 211 -
Other - - - - - -
------ ------ ------ ------ ------ ------
576 6 78 - 211 83
------ ------ ------ ------ ------ ------
Current Assets
Cash and temporary cash investments - 17 6 1 6 1
Accounts/notes receivable - 13 1 1 1 -
Accounts/notes receivable-related parties 4 20 3 3 68 1
Materials and supplies - 6 - - 1 -
Assets held for sale - - - 59 - -
Prepayments and other - 2 3 - - -
------ ------ ------ ------ ------ ------
4 58 13 64 76 2
------ ------ ------ ------ ------ ------
Non-current Assets
Notes receivable-related parties - 21 7 - - -
Assets held for sale - - - 46 - -
Other 45 24 3 - 2 -
------ ------ ------ ------ ------ ------
45 45 10 46 2 -
------ ------ ------ ------ ------ ------
Total Assets $ 625 $ 177 $ 101 $ 110 $ 325 $ 85
====== ====== ====== ====== ====== ======
(Continued on Following Page)
A-52
CMS INTERNATIONAL VENTURES LLC
Consolidating Balance Sheet - Assets
December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS Int'l
Inter- Ventures
Company LLC
Eliminations Consol.
Plant and Property (At Cost)
Natural gas transmission $ - $ 46
Independent power production - 94
Other - -
------ ------
- 140
Less accumulated depreciation,
depletion and amortization - 36
------ ------
- 104
Construction work-in-progress - -
------ ------
- 104
------ ------
Investments
Associated companies (636) -
Independent power production - 101
Natural gas transmission - 217
Other - -
------ ------
(636) 318
------ ------
Current Assets
Cash and temporary cash
investments - 31
Accounts/notes receivable - 16
Accounts/notes receivable-related party (19) 80
Materials and supplies - 7
Assets held for sale - 59
Prepayments and other - 5
------ ------
(19) 198
------ ------
Non-current Assets
Notes receivable-related parties - 28
Assets held for sale - 46
Other (3) 71
------ ------
(3) 145
------ ------
Total Assets $ (658) $ 765
====== ======
(10) Represents CMS International Ventures LLC and CMS Generation SRL
consolidated.
A-53
CMS INTERNATIONAL VENTURES LLC
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
CMS
CMS Operating CMSG CMS Western CMS CMSG
Int'l Ventures SRL Investment E&G Australia Generation Investment
LLC (10) Consol. Co. III LLC GT Co. I SRL Co. V
Capitalization
Common Stockholders' Equity
Common stock $ - $ 36 $ - $ - $ 235 $ - $ -
Other paid-in-capital 989 231 81 458 5 42 84
Currency translation (325) (179) (5) (106) (23) (12) -
Other comprehensive income
(loss) (1) - - - (1) - -
Retained earnings (38) (4) 17 (321) 23 (30) 1
------ ------ ------ ------ ------ ------ ------
625 84 93 31 239 - 85
Long-term debt - 60 - - - - -
Non-current capital leases - - - - - - -
------ ------ ------ ------ ------ ------ ------
625 144 93 31 239 - 85
------ ------ ------ ------ ------ ------ ------
Minority Interests - - - - 60 - -
------ ------ ------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term debt - 7 - - - - -
Current capital leases - - - - - - -
Notes payable - - 8 1 20 - -
Accounts payable - 10 - 4 2 - -
Accrued interest - - - - - - -
Accrued taxes - 8 - 19 - - -
Liabilities held for sale - - - 41 - - -
Other - 3 - - 1 - -
------ ------ ------ ------ ------ ------ ------
- 28 8 65 23 - -
------ ------ ------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - 3 - - -
Deferred income taxes - - - (15) 3 - -
Liabilities held for sale - - - 25 - - -
Other - 5 - 1 - - -
------ ------ ------ ------ ------ ------ ------
- 5 - 14 3 - -
------ ------ ------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $ 625 $ 177 $ 101 $ 110 $ 325 $ - $ 85
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
A-54
CMS INTERNATIONAL VENTURES LLC
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS Int'l
Inter- Ventures
Company LLC
Eliminations Consol.
Capitalization
Common Stockholders' Equity
Common stock $ (271) $ -
Other paid-in-capital (945) 945
Currency translation 325 (325)
Other comprehensive income (loss) 1 (1)
Retained earnings 314 (38)
------ ------
(576) 581
Long-term debt - 60
Non-current capital leases - -
------ ------
(576) 641
------ ------
Minority Interests (60) -
------ ------
Current Liabilities
Current portion of long-term debt - 7
Current capital leases - -
Notes payable (20) 9
Accounts payable (1) 15
Accrued interest - -
Accrued taxes - 27
Liabilities held for sale - 41
Other - 4
------ ------
(21) 103
------ ------
Non-current Liabilities
Postretirement benefits - 3
Deferred income taxes - (12)
Liabilities held for sale - 25
Other (1) 5
------ ------
(1) 21
------ ------
Total Stockholders' Equity
and Liabilities $ (658) $ 765
====== ======
(10) Represents CMS International Ventures LLC consolidated.
A-55
CMS OPERATING SRL
Consolidating Balance Sheet - Assets
December 31, 2002
(In Millions)
Centrales CMS
CMS Termicas CMS Inter- Operating
Operating Mendoza Ensenada Company SRL
SRL (11) S.A. S.A. Eliminations Consol.
Plant and Property (At Cost)
Independent power production $ 1 $ 65 $ 28 $ - $ 94
Less accumulated depreciation,
depletion and amortization - 19 7 - 26
------ ------ ------ ------ ------
1 46 21 - 68
Construction work-in-progress - - - - -
------ ------ ------ ------ ------
1 46 21 - 68
------ ------ ------ ------ ------
Investments
Associated companies 59 - - (59) -
Natural gas transmission 6 - - - 6
------ ------ ------ ------ ------
65 - - (59) 6
------ ------ ------ ------ ------
Current Assets
Cash and temporary cash investments 3 9 5 - 17
Accounts/notes receivable 1 8 4 - 13
Accounts/notes receivable-related parties - 20 - - 20
Materials and supplies - 6 - - 6
Prepayments and other 1 1 - - 2
------ ------ ------ ------ ------
5 44 9 - 58
------ ------ ------ ------ ------
Non-current Assets
Notes receivable - - - - -
Notes receivable-related parties 21 - - - 21
Other 22 2 - - 24
------ ------ ------ ------ ------
43 2 - - 45
------ ------ ------ ------ ------
Total Assets $ 114 $ 92 $ 30 $ (59) $ 177
====== ====== ====== ====== ======
(11) Represents CMS Operating SRL and Cuyana S.A. de Inversiones consolidated.
A-56
CMS OPERATING SRL
Consolidating Balance Sheet - Equity and Liabilities
December 31, 2002
(In Millions)
Centrales CMS
CMS Termicas CMS Inter- Operating
Operating Mendoza Ensenada Company SRL
SRL (11) S.A. S.A. Eliminations Consol.
Capitalization
Common Stockholders' Equity
Common stock $ 36 $ 36 $ - $ (36) $ 36
Other paid-in-capital 231 167 39 (206) 231
Currency translation adjustment (179) (125) (52) 177 (179)
Retained earnings (4) 1 (5) 4 (4)
------ ------ ------ ------ ------
84 79 (18) (61) 84
Long-term debt 21 - 39 - 60
Non-current capital leases - - - - -
------ ------ ------ ------ ------
105 79 21 (61) 144
------ ------ ------ ------ ------
Minority Interests - - - - -
------ ------ ------ ------ ------
Current Liabilities
Current portion of long-term debt - - 7 - 7
Current capital leases - - - - -
Notes payable - - - - -
Accounts payable 3 3 2 2 10
Accounts payable-related parties - - - - -
Accrued interest - - - - -
Accrued taxes 2 6 - - 8
Other - 3 - - 3
------ ------ ------ ------ ------
5 12 9 2 28
------ ------ ------ ------ ------
Non-current Liabilities
Postretirement benefits - - - - -
Deferred income taxes (1) 1 - - -
Other 5 - - - 5
------ ------ ------ ------ ------
4 1 - - 5
------ ------ ------ ------ ------
Total Stockholders' Equity
and Liabilities $ 114 $ 92 $ 30 $ (59) $ 177
====== ====== ====== ====== ======
(11) Represents CMS Operating SRL and Cuyana S.A. de Inversiones consolidated.
A-57
CMS ENERGY CORPORATION
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
Consumers CMS
Energy Enterprises Inter- CMS Energy
CMS Energy Company Company Company Corporation
Corp. (1) Consol. Consol. Eliminations Consol.
Balance at January 1, 2002 $ (937) $ 441 $(1,215) $ 760 $ (951)
Net Income (Loss) (612) 381 (653) 352 (532)
Less Dividends Paid
Common Stock 149 - - - 149
Preferred Stock - 2 - - 2
Preferred Securities Distributions 42 44 - - 86
Associated Companies 7 231 418 (656) -
------- ------ ------- ------ -------
198 277 418 (656) 237
------- ------ ------- ------ -------
Balance at December 31, 2002 $(1,747) $ 545 $(2,286) $1,768 $(1,720)
======= ====== ======= ====== =======
(1) Represents CMS Energy Corporation with CMS Energy Trust I, CMS Energy Trust
II, CMS Energy Trust III, Consumers Energy Company and CMS Enterprises Company
included on the equity method of accounting.
A-58
CONSUMERS ENERGY COMPANY
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
Consumers Michigan Consumers
Energy Gas CMS Midland CMS Inter- Power
Company Storage Holdings Midland Company Company
(2) Company Company Inc. Eliminations Consol.
Balance at January 1, 2002 $ 437 $ (4) $ 20 $ 130 $ (142) $ 441
Net Income (Loss) 386 4 12 41 (62) 381
Less Dividends Paid
Common Stock - - - - - -
Preferred Stock 2 - - - - 2
Preferred Securities Dist. 44 - - - - 44
Associated Companies 231 - - - - 231
------ ------ ------ ------ ------ ------
277 - - - - 277
------ ------ ------ ------ ------ ------
Balance at December 31, 2002 $ 546 $ - $ 32 $ 171 $ (204) $ 545
====== ====== ====== ====== ====== ======
(2) Represents Consumers Energy Company, Consumers Power Company Financing I,
Consumers Energy Company Financing II, Consumers Energy Company Financing III,
Consumers Energy Company Financing IV, Michigan Electric Transmission Company,
Consumers Funding LLC, Consumers Nuclear Services LLC, Consumers Parnall
Holdings LLC, CMS Engineering Company, Consumers EnergyGuard Services, Inc.,
Huron Hydrocarbons, Inc. and ES Services Company consolidated with Michigan Gas
Storage Company, CMS Midland Holdings Company and CMS Midland, Inc., included on
the equity method of accounting.
A-59
CMS ENTERPRISES COMPANY
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
CMS CMS CMS CMS CMS CMS Gas
Enterprises Oil & Gas Generation Resource MS&T Trans. Co.
Co. (3) Co. Consol. Co. Consol. Dev. Co. Co. Consol.
Balance at January 1, 2002 $(1,222) $ 75 $ (573) $ 4 $ (37) $ (89)
Net Income (Loss) (672) 215 (374) - (63) (436)
Less Dividends Paid
Common Stock - - - - - -
Preferred Stock - - - - - -
Associated Companies 418 290 63 5 6 40
------- ------ ------- ------ ----- ------
418 290 63 5 6 40
------- ------ ------- ------ ----- ------
Balance at December 31, 2002 $(2,312) $ - $(1,010) $ (1) $(106) $ (565)
======= ====== ======= ====== ===== ======
(Continued on Following Page)
A-60
CMS ENTERPRISES COMPANY
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS Micro-
Power Inter- CMS
CMS Int'l CMS Systems & Company Enterprises
CMS Land Vent. LLC Capital Dist Power Eliminations Company
Company Consol. LLC LLC Consol.
Balance at January 1, 2002 $ (2) $ - $ 16 $ (4) $ 617 $(1,215)
Net Income (Loss) (18) (32) 10 (32) 749 (653)
Less Dividends Paid
Common Stock - - - - - -
Preferred Stock - - - - - -
Associated Companies - 6 10 - (420) 418
------ ------ ------ ------ ------ -------
- 6 10 - (420) 418
------ ------ ------ ------ ------ -------
Balance at December 31, 2002 $ (20) $ (38) $ 16 $ (36) $1,786 $(2,286)
====== ====== ====== ====== ====== =======
(3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc.,
CMS Comercializadora de Energia S.A., CMS Energy South America Company, CMS
Energy Asia Private, Ltd., CMS Texas LLC and CMS Energy UK Limited consolidated
with CMS Oil and Gas Company, CMS Generation Company, CMS Land Company, CMS
Distributed Power LLC, CMS MicroPower Systems LLC, CMS International Ventures
LLC, CMS Capital LLC, CMS Marketing, Services and Trading Company, CMS Gas
Transmission Company and CMS Resource Development Company included on the equity
method of accounting.
A-61
CMS OIL AND GAS COMPANY
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
CMS CMS CMS
CMS O&G CMS CMS CMS O&G Inter- O&G
O&G Congo O&G O&G O&G Int'l Co. Company Co.
Co. (4) Ltd. Int'l Ltd. P/L Co. E.G. Ltd. Consol. Eliminations Consol.
Balance at January 1, 2002 $ 75 $ (3) $ (312) $ (2) $ (2) $ 27 $ 292 $ 75
Net Income (Loss) 215 3 312 2 2 (27) (292) 215
Less Dividends Paid
Common Stock - - - - - - - -
Associated Companies 290 - - - - - - 290
------ ------ ------ ------ ------ ------ ------ ------
290 - - - - - - 290
------ ------ ------ ------ ------ ------ ------ ------
Balance at December 31, 2002 $ - $ - $ - $ - $ - $ - $ - $ -
====== ====== ====== ====== ====== ====== ====== ======
(4) Represents CMS Oil and Gas Company, CMS Oil and Gas Alba LDC and CMS Oil
and Gas E.G. LDC consolidated with CMS Oil and Gas International Company
included on the equity method of accounting.
A-62
CMS OIL AND GAS INTERNATIONAL COMPANY
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
CMS
NOMECO CMS O&G CMS O&G Inter- CMS O&G
CMS O&G Int'l Congo Int'l Tunisia Cameroon, Company Int'l Co.
Int'l Co. (5) Hldgs, Inc. Inc. Inc. Eliminations Consol.
Balance at January 1, 2002 $ 27 $ 16 $ 5 $ 3 $ (24) $ 27
Net Income (Loss) (27) (16) (5) (3) 24 (27)
Less Dividends Paid
Common Stock - - - - - -
Associated Companies - - - - - -
------ ------ ------ ------ ------ ------
- - - - - -
------ ------ ------ ------ ------ ------
Balance at December 31, 2002 $ - $ - $ - $ - $ - $ -
====== ====== ====== ====== ====== ======
(5) Represents CMS Oil and Gas International Company, CMS Oil and Gas UK Ltd.
and CMS Oil and Gas Eritrea Ltd., consolidated.
A-63
CMS GENERATION COMPANY
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
CMSG Dearborn CMSG
CMS CMSG CMSG CMSG Grayling Generation Filer City
Generation Honey Lake Filer City, Grayling Holdings Operating Operating
Company (6) Company Inc. Company Company LLC Company
Balance at January 1, 2002 $ (605) $ (10) $ 11 $ (4) $ (5) $ 2 $ (1)
Net Income (Loss) (374) 3 2 - 1 - -
Less Dividends Paid
Common Stock - - - - - - -
Associated Companies 63 - - - - 1 -
------- ------ ------ ------ ------ ------ ------
63 - - - - 1 -
------- ------ ------ ------ ------ ------ ------
Balance at December 31, 2002 $(1,042) $ (7) $ 13 $ (4) $ (4) $ 1 $ (1)
======= ====== ====== ====== ====== ====== ======
(Continued on Following Page)
A-64
CMS GENERATION COMPANY
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
(Continued from Previous Page)
Dearborn CMSG
Industrial CMSG Mid-Mich Investment CMSG HYDRA-CO
Generation CMSG Recycling Recycling Company I Michigan Enterprises,
LLC SRL Company LLC Consol. Power LLC Inc.
Balance at January 1, 2002 $ (41) $ 2 $ (2) $ (4) $ (181) $ (2) $ (154)
Net Income (Loss) (494) (2) - - 94 (64) (7)
Less Dividends Paid
Common Stock - - - - - - -
Associated Companies - - - - 36 - 2
------ ------ ------ ------ ------ ------ ------
- - - - 36 - 2
------ ------ ------ ------ ------ ------ ------
Balance at December 31, 2002 $ (535) $ - $ (2) $ (4) $ (123) $ (66) $ (163)
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
A-65
CMS GENERATION COMPANY
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
(Continued from Previous Page)
Taweelah
CMSG Exeter CMSG CMSG A2
Holding Energy Operating Altoona Operating
Company LLC Company Company Company
Balance at January 1, 2002 $ (13) $ 31 $ (2) $ 6 $ -
Net Income (Loss) 1 - 1 - 1
Less Dividends Paid
Common Stock - - - - -
Associated Companies 1 - - - -
------ ------ ------ ------ ------
1 - - - -
------ ------ ------ ------ ------
Balance at December 31, 2002 $ (13) $ 31 $ (1) $ 6 $ 1
====== ====== ====== ====== ======
(Continued on Following Page)
A-66
CMS GENERATION COMPANY
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS
Int'l Inter- CMSG
Operating Company Company
Company Eliminations Consol.
Balance at January 1, 2002 $ 10 $ 389 $ (573)
Net Income (Loss) 7 457 (374)
Less Dividends Paid
Common Stock - - -
Associated Companies - (40) 63
------ ------ -------
- (40) 63
------ ------ -------
Balance at December 31, 2002 $ 17 $ 886 $(1,010)
====== ====== =======
(6) Represents CMS Generation Company, CMSG Genesee Company, CMSG Lyonsdale
Company, CMSG Chateaugay Company, CMSG Montreal Company and CMS Centrales
Termicas S.A., consolidated with CMSG Investment Company I included on the
equity method of accounting.
A-67
CMS GENERATION INVESTMENT COMPANY I
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
CMSG
CMSG CMSG Loy Yang CMSG CMSG CMSG
Inv. Co. I Cebu I & II Pinamucan Investment Investment
(7) LDC Ltd. LDC Co. IV Co. VI
Balance at January 1, 2002 $ (180) $ 1 $ (435) $ (3) $ 208 $ 30
Net Income (Loss) 93 - - - 66 14
Less Dividends Paid
Common Stock - - - - - -
Associated Companies 36 - - - - -
------ ------ ------ ------ ------ ------
36 - - - - -
------ ------ ------ ------ ------ ------
Balance at December 31, 2002 $ (123) $ 1 $ (435) $ (3) $ 274 $ 44
====== ====== ====== ====== ====== ======
(Continued on Following Page)
A-68
CMS GENERATION INVESTMENT COMPANY I
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
(Continued from Previous Page)
CMSG CMSG Inter- CMSG
Investment Investment Company Investment
Co. VII Co. V Eliminations Company I Consol.
Balance at January 1, 2002 $ 5 $ (1) $ 194 $ (181)
Net Income (Loss) 12 1 (92) 94
Less Dividends Paid
Common Stock - - - -
Associated Companies - - - 36
------ ------ ------ ------
- - - 36
------ ------ ------ ------
Balance at December 31, 2002 $ 17 $ - $ 102 $ (123)
====== ====== ====== ======
(7) Represents CMSG Investment Company I consolidated.
A-69
CMS GAS TRANSMISSION COMPANY
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
CMS Bay CMS CMS
CMS Gas CMS Area CMS Gas Saginaw Jackson Tristate
Transmission Antrim Pipeline Argentina Bay Lateral Pipeline Pipeline
Company (8) Gas LLC LLC Company Company Company LLC
Balance at January 1, 2002 $ (87) $ 2 $ (2) $ 52 $ (3) $ - $ (6)
Net Income (Loss) (435) 2 1 (1) - 1 -
Less Dividends Paid
Common Stock - - - - - - -
Associated Companies 40 1 3 - - 1 -
------ ------ ------ ------ ------ ------ ------
40 1 3 - - 1 -
------ ------ ------ ------ ------ ------ ------
Balance at December 31, 2002 $ (562) $ 3 $ (4) $ 51 $ (3) $ - $ (6)
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
A-70
CMS GAS TRANSMISSION COMPANY
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS Western Panhandle CMS Gas
Marysville CMS Field Australia Eastern Pipe Inter- Transmission
Gas Liquids Services Gas Trans. Line Co. CMS Grand Company Company
Company Inc. Consol. Co. I Consol. Lacs LLC Eliminations Consol.
Balance at January 1, 2002 $ (11) $ 43 $ (5) $ (13) $ (8) $ (51) $ (89)
Net Income (Loss) 2 (115) 5 (300) 1 403 (436)
Less Dividends Paid
Common Stock - - - - - - -
Associated Companies 3 - - 28 3 (39) 40
------ ------ ------ ------ ------ ------ ------
3 - - 28 3 (39) 40
------ ------ ------ ------ ------ ------ ------
Balance at December 31, 2002 $ (12) $ (72) $ - $ (341) $ (10) $ 391 $ (565)
====== ====== ====== ====== ====== ====== ======
(8) Represents CMS Gas Transmission Company consolidated with CMS Field
Services, Inc. and Panhandle Eastern Pipe Line Company included on the equity
method of accounting.
A-71
PANHANDLE EASTERN PIPE LINE COMPANY
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
CMS
Panhandle CMS Trunkline CMS Panhandle
Eastern Pipe Trunkline LNG Pan Gas Inter- Eastern Pipe
Line Co. Gas Co. Holdings Storage Company Line Co.
Consol. (9) LLC (10) Co. LLC Co. Eliminations Consol.
Balance at January 1, 2002 $ (33) $ 67 $ - $ 13 $ (60) $ (13)
Net Income (Loss) (265) 26 31 (48) (44) (300)
Less Dividends Paid
Common Stock - - - - - -
Associated Companies 28 - 29 - (29) 28
------ ------ ------ ------ ------ ------
28 - 29 - (29) 28
------ ------ ------ ------ ------ ------
Balance at December 31, 2002 $ (326) $ 93 $ 2 $ (35) $ (75) $ (341)
====== ====== ====== ====== ====== ======
(A) (A)
(9) Represents Panhandle Eastern Pipe Line Company, CMS Panhandle Eastern
Resources, Inc., CMS Panhandle Storage Company, MG Ventures Storage, Inc., CMS
Trunkline Field Services Company, CMS Panhandle Lake Charles Generation Company
LLC, CMS Panhandle Holdings LLC, Panhandle Partner, LLC and CMS Panhandle LNG
Acquisition Company consolidated.
(10) Represents CMS Trunkline Gas Company LLC, CMS Trunkline Gas Resources LLC,
CMS Trunkline Offshore Pipeline Company LLC, CMS Trunkline Deepwater Pipeline
Company LLC and Sea Robin Pipeline Company consolidated.
(A) Discontinued Operations reclassification is recorded "net" as a component of
net income (loss).
A-72
CMS FIELD SERVICES, INC.
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
CMS
CMS CMS Cherokee CMS Gulf CMS Taurus
CMS Field CMS Gas Laverne Gas Natural Gas Gas Coast Field Holdings
Services Processing Processing Gathering Processing Services Company
Inc. (11) LLC LLC LLC LLC LLC LLC
Balance at January 1, 2002 $ 15 $ (6) $ 1 $ (5) $ 20 $ 7 $ 7
Net Income (Loss) (118) - - (2) (1) 4 (2)
Less Dividends Paid
Common Stock - - - - - - -
Associated Companies - - - - - - -
------ ------ ------ ------ ------ ------ ------
- - - - - - -
------ ------ ------ ------ ------ ------ ------
Balance at December 31, 2002 $ (103) $ (6) $ 1 $ (7) $ 19 $ 11 $ 5
====== ====== ====== ====== ====== ====== ======
(A)
(Continued on following Page)
A-73
CMS FIELD SERVICES, INC.
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS Okla.
Nat. Gas Bighorn Gas Inter- CMS Field
Gathering Bradshaw Gathering Company Services, Inc.
LLC Energy LLC LLC Eliminations Consol.
Balance at January 1, 2002 $ 1 $ 2 $ 1 $ - $ 43
Net Income (Loss) - - 8 (4) (115)
Less Dividends Paid
Common Stock - - - - -
Associated Companies - - - - -
------ ------ ------ ------ ------
- - - - -
------ ------ ------ ------ ------
Balance at December 31, 2002 $ 1 $ 2 $ 9 $ (4) $ (72)
====== ====== ====== ====== ======
(11) Represents CMS Field Services, Inc. and CMS Hydrocarbons, LLC consolidated.
(A) Discontinued Operations reclassification is recorded "net" as a component
of net income (loss).
A-74
CMS INTERNATIONAL VENTURES LLC
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
CMS
CMS Oper. CMSG CMS Western CMS CMSG
Int'l Ventures SRL Invest. E&G Aust. Generation Invest.
LLC (12) Consol. Co. III LLC GT Co. I SRL Co. V
Balance at January 1, 2002 $ - $ 11 $ 21 $ (315) $ 22 $ (30) $ -
Net Income (Loss) (32) (15) (4) (6) 1 - 1
Less Dividends Paid
Common Stock - - - - - - -
Associated Companies 6 - - - - - -
------ ------ ------ ------ ------ ------ ------
- - - - - - -
------ ------ ------ ------ ------ ------ ------
Balance at December 31, 2002 $ (38) $ (4) $ 17 $ (321) $ 23 $ (30) $ 1
====== ====== ====== ====== ====== ====== ======
(Continued on Following Page)
A-75
CMS INTERNATIONAL VENTURES LLC
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
(Continued from Previous Page)
CMS Int'l
Inter- Ventures
Company LLC
Eliminations Consol.
Balance at January 1, 2002 $ 291 $ -
Net Income (Loss) 23 (32)
Less Dividends Paid
Common Stock - -
Associated Companies - 6
------ ------
- 6
------ ------
Balance at December 31, 2002 $ 314 $ (38)
====== ======
(12) Represents CMS International Ventures LLC consolidated.
A-76
CMS OPERATING SRL
Consolidating Statement of Retained Earnings
December 31, 2002
(In Millions)
Centrales CMS
CMS Termicas CMS Inter- Operating
Operating Mendoza Ensenada Company SRL
SRL (13) S.A. S.A. Eliminations Consol.
Balance at January 1, 2002 $ 11 $ 17 $ 3 $ (20) $ 11
Net Income (Loss) (15) (16) (8) 24 (15)
Less Dividends Paid
Common Stock - - - - -
Associated Companies - - - - -
------ ------ ------ ------ ------
- - - - -
------ ------ ------ ------ ------
Balance at December 31, 2002 $ (4) $ 1 $ (5) $ 4 $ (4)
====== ====== ====== ====== ======
(13) Represents CMS Operating SRL and Cuyana S.A. de Inversiones consolidated.
A-77
EXHIBIT B
Organizational charts showing the relationship of each Exempt Wholesale
Generators to associate companies in the holding company system.
CENTRALES TERMICAS MENDOZA S.A.
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
* * *
* * *
* 40.47% *
* * CMS Gas Transmission Company
* *
* * *
CMS Generation Co. * *
* * * 37.01%
* * * *
* * * *
* 21.02% * *
* * * *
* * *
* CMS International Ventures, L.L.C.
* *
* *
99% 99.999%
* *
* *
CMS Centrales Termicas S.A. CMS Operating, S.R.L.
* *
* *
1% 99%
* *
* *
Cuyana S.A. De Inversiones
*
92.6%
*
Centrales Termicas Mendoza S.A.
B-1
CENTRALES TERMICAS SAN NICOLAS, S.A.
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
0.1%
*
CMS Generation San Nicolas Company
*
0.1%
*
Inversora de San Nicolas, S.A.
*
88%
*
Centrales Termicas San Nicolas, S.A.
B-2
CMS DISTRIBUTED POWER, L.L.C.
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Distributed Power, L.L.C.
B-3
CMS ENSENADA S.A.
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
* * *
* * *
40.47% * *
* CMS Gas Transmission Company *
* * *
* 37.01% CMS Generation Co.
* * * *
* * * *
* * 21.02% *
* * * *
CMS International Ventures, L.L.C. *
* *
* *
99.999% *
* *
* *
CMS Operating, S.R.L. CMS Generation Holdings Company
* *
* *
99% 1%
* *
* *
CMS Ensenada S.A.
B-4
CMS GENERATION MICHIGAN POWER LLC
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
*
CMS Generation Michigan Power LLC
B-5
CMS GENERATION OPERATING COMPANY
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
*
CMS Generation Operating Company
B-6
CMS (INDIA) OPERATIONS & MAINTENANCE COMPANY PRIVATE LIMITED
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
* *
* *
CMS International Operating Company CMS Investment Company I
* *
99% 1%
* *
CMS (India) Operations & Maintenance Company Private Limited
B-7
CMS MOROCCO OPERATING COMPANY SCA
(EWG)
AND
CMS INTERNATIONAL OPERATING COMPANY
(EWG)
CMS Energy Corporation
*
CMS Enterprises Company
*
*
CMS Generation Co.
* *
* *
* *
* *
* CMS Generation Investment Company I
* * *
* *
* * *
* CMS Generation Investment Company IV *
* *
* * *
CMS International Operating Company * *
* * * * *
* * * *
CMS Generation UK Operating * 50% *
Private Limited * * *
* * * *
* * * .1%
* * CMS Generation Jorf Lasfar III Limited Duration Company *
Jorf Lasfar Aktiebolag * * *
* * *
* *
99.7% .1% .1% *
* * * *
* * * *
CMS Morocco Operating Co., S.C.A.
B-8
CMS PANHANDLE LAKE CHARLES GENERATION COMPANY, LLC
(EWG)
CMS Energy Corporation
*
*
CMS Enterprises Company
*
*
CMS Gas Transmission Company
*
*
Panhandle Eastern Pipe Line Company
* *
* *
* *
* *
Panhandle Partner LLC CMS Panhandle LNG Acquisition Company
* *
* *
95% 5%
* *
* *
CMS Panhandle Holdings, LLC
*
*
*
*
CMS Panhandle Lake Charles Generation Company, LLC
B-9
DEARBORN GENERATION OPERATING L.L.C.
(EWG)
AND
DEARBORN INDUSTRIAL GENERATION, L.L.C.
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
* *
* *
* *
Dearborn Generation Operating, L.L.C. Dearborn Industrial Energy, L.L.C.
*
*
*
Dearborn Industrial Generation, L.L.C.
B-10
EXETER ENERGY LIMITED PARTNERSHIP
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Company
* * *
* * *
* * *
* Exeter Management Company *
Oxford/CMS Development LP * 50%
* * *
48% 2% *
* * *
* * *
Exeter Energy Limited Partnership
B-11
GVK INDUSTRIES LTD.
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
* * *
* * *
* * *
* CMS Gas Transmission Company CMS Generation Co.
* * *
* * *
40.47% 37.01% 21.02%
* * *
* * *
* * CMS International Ventures, L.L.C.**
*
*
CMS Generation Investment Company III
*
*
Jegurupadu CMS Generation Company Ltd.
*
23.75%
*
GVK Industries Ltd.
B-12
HIDROELECTRICA EL CHOCON, S.A.
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
* * *
* * *
* * *
* CMS Gas Transmission Company CMS Generation Co.
* * * * *
* * * * *
40.47% 37.01% 21.02% * *
* * * * *
* * * * *
CMS International Ventures, L.L.C. * *
* * *
* CMS Generation Holdings Company *
99.99% * *
* .01% *
* * *
CMS Generation, S.R.L. *
* *
* *
25% *
* *
* 2.48%
Hidroinvest, S.A. *
* *
* *
59% *
* *
* *
Hidroelectrica El Chocon, S.A.
B-13
JAMAICA PRIVATE POWER COMPANY LIMITED
(EWG)
AND
PRIVATE POWER OPERATIONS LIMITED
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
*
HYDRA-CO ENTERPRISES, INC.
* *
* *
* *
CMS Generation Operating Company II, Inc. HCE-Rockfort Diesel, Inc.
* *
* 45.07%
* *
HCO-Jamaica, Inc. Jamaica Private Power Company Limited
*
*
*
Private Power Operations Limited
(Operator)
B-14
JEGURUPADU OPERATING AND MAINTENANCE COMPANY
(EWG)
CMS Energy Corporation
CMS Enterprises Company
* * *
* * *
* * *
CMS Gas Transmission Company * CMS Generation Co.
* * * *
* 40.47% * *
37.01% * * CMS Generation Investment Co. I
* * 21.02% *
* * *
CMS International Ventures, L.L.C.* CMS Investment Company IV
* *
* *
* *
CMS Generation Investment Co. III CMS Generation Investment Company II
* * * *
* * * *
99% * 1%
* * * *
* 1% 99% *
* * *
CMS Generation Jegurupadu I CMS Generation Jegurupadu II
Limited Duration Company Limited Duration Company
* *
* *
50% 50%
* *
* *
Jegurupadu O&M Company Mauritius
*
60%
*
Jegurupadu Operating and Maintenance Company
B-15
JORF LASFAR ENERGY COMPANY
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
CMS Generation Investment Company I
*
*
CMS Generation Investment Company IV****************
* * * *
* * * *
CMS Generation Luxembourg II SARL * * *
* * * *
* * * *
CMS Generation Luxembourg SARL * CMS Generation Investment Company II *
* * * * *
* 35% 65% 65% 35%
* * * * *
CMS Generation Netherlands B.V. * * CMS Generation Jorf Lasfar I
* * * * Limited Duration Company
* * * * *
* * CMS Generation Jorf Lasfar II *
* * Limited Duration Company 50%
* * * *
* * 50% *
* * * *
Jorf Lasfar Aktiebolag Jorf Lasfar Energiaktiebolag Jorf Lasfar Handelsbolag
* * *
23% 25% 2%
* * *
* * *
*************Jorf Lasfar Energy Company*********
B-16
ST-CMS ELECTRIC COMPANY PVT. LTD.
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
* * *
* * *
* * *
CMS Generation Co. * Gas Transmission Company
* * *
21.02% 40.47% 37.01%
* * *
CMS International Ventures . L.L.C.
*
*
*
CMS Generation Investment Company III
*
*
*
CMS Generation Neyveli Ltd/
*
50%
*
ST-CMS Electric Company Pvt. Ltd.
B-17
TAKORADI INTERNATIONAL COMPANY
(EWG)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
* *
* *
* *
* CMS Generation Investment Company I
* *
* *
* *
* *
* *
CMS International Operating Company CMS Generation Investment Co. VI
| *
| *
| *
| CMS Takoradi Investment Company
| *
Operator *
| *
| CMS Takoradi Investment Company II
| *
| 90%
| *
Takoradi International Company
B-18
Organizational charts showing the relationship of foreign utility company
("FUCO") to associate companies in the holding company system.
CMS GENERATION HORIZON ENERGY HOLDINGS LIMITED
(FUCO)
AND
HORIZON ENERGY HOLDINGS LIMITED
(FUCO)
AND
LOY YANG POWER PARTNERS
(FUCO)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
*
CMS Generation Investment Co. I
* *
* *
* *
CMS Generation Loy Yang Holdings 2 Ltd. CMS Generation Loy Yang Holdings 1 Ltd.
* *
* *
* *
CMS Generation Horizon Energy Holdings Ltd. Horizon Energy Holdings Ltd.
* *
25% 24.63%
* *
Loy Yang Power Partners
B-19
CMS OPERATING, S.R.L.
(FUCO)
CMS ENERGY CORPORATION
*
*
*
CMS ENTERPRISES COMPANY
* * *
* * *
* * *
* * *
CMS Generation Co. * CMS Gas Transmission Company
* * * *
* * * *
* 21.02% 40.47% 37.01%
CMS Generation Holdings Company * * *
* * * *
* * * *
CMS Generation, S.R.L. CMS International Ventures, LLC
* *
* *
.001% 99.999%
* *
* *
CMS Operating, S.R.L.
B-20
COMPANHIA PAULISTA DE ENERGIA ELECTRICA S.A. (CPEE)
(FUCO)
AND
COMPANHIA SUL PAULISTA DE ENERGIA S.A. (CSPE)
(FUCO)
AND
COMPANHIA JAGUARI DE ENERGIA S.A. (CJE)
(FUCO)
AND
COMPANHIA LUZ E FORCA DE MOCOCA S.A. (CLFM)
(FUCO)
CMS Energy Corporation
*
*
CMS Enterprises Company
* * *
40.47% * *
* CMS Gas Transmission Company *
* * *
* 37.01% CMS Generation Co.
* * *
* * 21.02%
* * *
CMS International Ventures, L.L.C.
*
*
CMS Electric & Gas, LLC
*
99.99%
*
CMS Distribuidora, Ltda.
*
99.99%
*
CMS Participacoes Ltda.
*
93.86%
*
CPEE
*
88.63%
*
CSPE
*
*
CJE
*
*
CLFM
B-21
EMIRATES CMS POWER COMPANY
(FUCO)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
*
CMS Generation Investment Company I
*
*
*
CMS Generation Investment Company VII
*
*
*
CMS Generation Taweelah Limited
*
40%
*
Emirates CMS Power Company
B-22
SISTEMA ELECTRICO DEL ESTADO NUEVA ESPARTA C.A. (SENECA)
(FUCO)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
* * *
* * *
* * *
* CMS Gas Transmission Company CMS Generation Co.
* * *
* * *
40.47% 37.01% 21.02%
* * *
* * *
CMS International Ventures, L.L.C.
*
*
*
CMS Electric & Gas, LLC
* *
* *
* CMS Venezuela S.A.
* *
* *
ENELMAR, S.A 52.37%
* *
33.34% *
* *
SENECA
B-23
TAWEELAH A2 OPERATING COMPANY
(FUCO)
CMS Energy Corporation
*
*
*
CMS Enterprises Company
*
*
*
CMS Generation Co.
*
*
*
Taweelah A2 Operating Company
B-24