-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LHZKc/5wlqio6dIwMP8TF9OmH4KbdTXC2SFDKx4uvOO1aCvfoUgPtVoF2l5fRHvs xkRrarqJYgb9+lp+hM8z4g== 0000201533-96-000036.txt : 19960301 0000201533-96-000036.hdr.sgml : 19960301 ACCESSION NUMBER: 0000201533-96-000036 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19951231 FILED AS OF DATE: 19960229 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CMS ENERGY CORP CENTRAL INDEX KEY: 0000811156 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 382726431 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: 1935 Act SEC FILE NUMBER: 069-00333 FILM NUMBER: 96528167 BUSINESS ADDRESS: STREET 1: FAIRLANE PLZ SOUTH STE 1100 STREET 2: 330 TOWN CENTER DR CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 313-436-9200 MAIL ADDRESS: STREET 1: FAIRLANE PLAZA SOUTH, SUITE 1100 STREET 2: 330 TOWN CENTER DRIVE CITY: DEARBORN STATE: MI ZIP: 48126 U-3A-2 1 BODY OF U-3A-2 DOCUMENT File No. 69-333 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM U-3A-2 STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION UNDER RULE U-3A-2 FROM THE PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 _____________________________________ TO BE FILED ANNUALLY PRIOR TO MARCH 1 _____________________________________ CMS ENERGY CORPORATION (Name of Company) hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935, and submits the following information: February 29, 1996 2 1. Name, State of organization, location and nature of business of claimant and every subsidiary thereof, other than any exempt wholesale generator (EWG) or foreign utility company in which claimant directly or indirectly holds an interest. _________________________________________________________ (a) CMS Energy Corporation ("CMS Energy") was duly incorporated under the laws of the State of Michigan in 1987. CMS Energy is a $3.9 billion (sales) energy company with subsidiaries engaged in electric utility operations, gas utility operations, oil and gas explor- ation and production, the development and operation of independent power production facilities and the transportation, storage and marketing of natural gas. CMS Energy has three direct subsidiaries. The name, state of organization and nature of business of CMS Energy's direct subsidiaries are described below. CMS Enterprises Company A Michigan corporation which owns subsidiaries engaged in the development, acquisition and management of energy-related businesses and projects worldwide. CMS Energy Finance Corporation A Michigan corporation originally formed to be a limited partner in a limited partnership that was to purchase indebtedness issued by CMS Energy Corporation. Consumers Power Company A Michigan corporation engaged in the generation, purchase, transmission, distribution and sale of electricity, and in the purchase, storage, transmission, distribution and sale of natural gas, in the Lower Peninsula of the State of Michigan. Consumers renders electric service to approximately 1.5 million customers in 62 of the 68 counties in the Lower Peninsula and gas service to approximately 1.4 million customers in 45 of the 68 counties in the Lower Peninsula. (b) CMS Enterprises Company has eleven (11) direct subsidiaries. The name, state of organization and nature of business of each subsidiary are described below: CMS Capital Corp. A Michigan corporation formed to assist in securing financing for non-utility projects. CMS Generation Co. A Michigan corporation engaged in the development of and investment in cogeneration and other independent power generation projects both domestic and foreign and has thirty-three (33) subsidiaries: CMS Centrales Termica S.A. (99%) An Argentine company formed to own an aggregate of 412 megawatts of natural gas/fuel oil-fired electric power plants near Mendoza, Argentina. CMS Ensenada S.A. (99%) An Argentine company formed to hold an interest in EDEVA, which has an interest in UTE. UTE proposes to construct a 120 MW "inside-the-fence-gas-fired" cogeneration power facility. CMS Generation Altoona Company A Michigan corporation involved as a General Partner in the Altoona Cogeneration Partners Limited Partnership which was formed to develop, construct, own, operate and maintain a bituminous coal, bituminous coal waste or other solid fuel-burning facility. CMS Generation Chateaugay Company A Michigan corporation involved as a General Partner in KES Chateaugay, L.P., a limited partnership which is involved in the ownership and operation of a 17 megawatt (net) wood-fired power plant near Chateaugay, New York. CMS Generation Filer City, Inc. A Michigan corporation involved as a General Partner in the T.E.S. Filer City Station Limited Partnership, a limited partnership which is the owner of the 54 megawatt (net) wood chip and coal-fired electric generating station in Filer City, Michigan. CMS Generation Filer City Operating Company A Michigan corporation formed to operate a coal and wood waste-fueled power plant near Filer City, Michigan owned by the T.E.S. Filer City Station Limited Partnership. CMS Generation Genesee Company A Michigan corporation involved as a General Partner in the Genesee Power Station Limited Partnership which owns and operates a 35 megawatt (net) waste wood-fired electric generating facility located in Genesee County, Michigan. CMS Generation GP Company A Michigan corporation involved as a General Partner in the development of various cogeneration projects. CMS Generation Grayling Company A Michigan corporation involved as a General Partner in Grayling Generating Station Limited Partnership to develop, construct and operate a 34 megawatt (net) waste-wood fueled power plant in Grayling, Michigan. Grayling Generating Station Limited Partnership owns GGS Holdings Company, a Michigan corporation, which is General Partner in AJD Forest Products Limited Partnership that operates a sawmill adjacent to the Grayling Generating Station and also supplies waste wood fuel to the project. CMS Generation Grayling Holdings Company A Michigan corporation involved as a Limited Partner in Grayling Generating Station Limited Partnership. CMS Generation Holdings Company A Michigan corporation involved as a Limited Partner in various partnerships. CMS Generation Honey Lake Company A Michigan corporation with a General Partnership interest and a Limited Partnership interest in HL Power Company, a California limited partnership which uses waste wood and geothermal fluid to generate a 30 megawatt (net) electric generating station in Lassan County, California. Also involved as General Partner in Honey Lake Energy I LP, and Honey Lake Energy II LP, both Michigan limited partnerships formed to own limited partnership interests in HL Power Company. CMS Generation Investment Company I A Cayman Islands company involved as a holding company for CMS Generation overseas investments and has ten direct subsidiaries that engage in the construction, ownership or operation of various power projects in the Philippines, India and Morocco: - CMS Generation Cebu Limited Duration Company, a Cayman Islands company (99%) - CMS Generation Cebu Operating Limited Duration Company, a Cayman Islands company (99%) - CMS Generation Jegurupadu I Limited Duration Company, a Cayman Islands company (99%), has one subsidiary, - Jegurupadu O&M Company Mauritius, a Mauritius company (50%) - CMS Generation Jegurupadu II Limited Duration Company, a Cayman Islands company (99%) - CMS Generation Jorf Lasfar I Limited Duration Company, a Cayman Islands company (99%) - CMS Generation Jorf Lasfar II Limited Duration Company, a Cayman Islands company (99%) - CMS Generation Pinamucan Limited Duration Company, a Cayman Islands company (99%) - CMS Generation Pinamucan Operating Limited Duration Company, a Cayman Islands company (99%) - CMS Operation & Maintenance Company, Mauritius, a Mauritius company (99%) - ST-CMS Electric Company Mauritius, a Mauritius company (99%), has one subsidiary, - ST-CMS Electric Company, an India company (99%). CMS Generation Investment Company II A Cayman Islands company engaged as a holding company for 1% ownership interests in the companies described above as direct subsidiaries of CMS Generation Investment Company I. CMS Generation Investment Company III A Cayman Islands company engaged to facilitate the construction, ownership and operation of the GVK Industries Project in Jegurupadu, Andhra Pratesh, India of a natural gas/liquid fuel combined cycle plant 235 MW ("GVK") and has one subsidiary with an ownership interest in GVK. - Jegurupadu CMS Generation Company Ltd., a Mauritius company CMS Generation Lyonsdale Company A Michigan corporation involved as a General Partner in the Lyonsdale Energy Limited Partnership which owns and operates a 19 megawatt (net) waste wood- fired electric generating facility in Lyonsdale, New York. CMS Generation Mon Valley Company A Michigan corporation involved as General Partner in the Mon Valley Energy Limited Partnership formed to develop, construct, finance and operate the Mon Valley Project, an 80 megawatt (net) coal fired cogeneration plant in Pennsylvania. CMS Generation Montreal Company A Michigan corporation involved as a General Partner in Secure Wood Chips LP, a Canadian limited partnership, to own and operate a waste wood recovery facility in the greater Montreal, Quebec, Canada area. CMS Generation Operating Company A Michigan corporation involved in the operation of various power plants including Genesee, Grayling, Modesto and Exeter. CMS Generation Recycling Company A Michigan corporation involved as a member of Mid-Michigan Recycling, LC, a Michigan limited liability company, formed to supply waste wood fuel for the Genesee Power Station Limited Partnership. CMS Generation S.A. (99%) An Argentine company formed to carry out on its own account or that of third parties investments in energy-related businesses located primarily in South America. CMS Operating, S.A. (99%) An Argentine company formed to acquire, own and operate plants in Argentina and has one subsidiary with an ownership interest in the plants: - Cuyana S.A. de Inversiones, an Argentine company (99%). CMS Resource Development Company A Michigan corporation that employs ex- patriot U.S. citizens working on various CMS Generation Co. overseas projects. Exeter Management Company A Connecticut corporation involved as a General Partner in the Exeter Energy Limited Partnership which owns and operates a 26 megawatt (net) tire-burning facility in Sterling, Connecticut. HYDRA-CO Enterprises, Inc. A New York corporation engaged in the ownership and/or operation, by itself or with others, of one or more cogeneration, small hydro or alternate energy production facilities through partnership interests and ownership of domestic corporations. HYDRA-CO Enterprises, Inc. directly owns twelve (12) domestic corporations that are involved in the development, ownership, management or operation of independent power projects located in 7 states and in Jamaica: - CMS Generation Operating Company II, Inc., a New York corporation, has one subsidiary: - HCE-Jamaica, Inc., a New York corporation, - HCE Appomattox, Inc., a New York corporation, - HCE Biopower, Inc., a New York corporation, - HCE Hazelton, Inc., a New York corporation, - HCE Hudson, Inc., a New York corporation, - HCE Imperial Valley, Inc., a New York corporation, - HCE Jamaica Development, Inc., a New York corporation, - HCE Lakewood, Inc., a New York corporation, - HCE Rockfort Diesel, Inc., a New York corporation, - HYDRA-CO Generation Inc., a New York corporation, - Lakewood Project Management, Inc., a New York corporation, - New Bern Energy Recovery, Inc., a Delaware corporation. McCook Cogeneration Station, L.L.C. (50% member) A Michigan limited liability company formed to develop and own a 40 megawatt (net) waste wood fueled electric generating facility located in Cook County, Illinois. McCook Waste Wood Recovery Facility, L.L.C. (50% member) A Michigan limited liability company formed to develop and own a waste wood recycling and processing facility where waste wood will be received, manually and mechanically separated and then recycled or processed for use at McCook Cogeneration Station, L.L.C. Metro East, L.L.C. (50% member) A Michigan limited liability company formed to develop and own a 60 megawatt (net) waste wood and waste coal fueled electric generating facility located in the City of Madison, Illinois. New Castle Power, L.L.C. (50% member) A Michigan limited liability company formed to develop and own a 100 megawatt (net) petroleum coke fueled electric generating facility located at the Port of Wilmington in New Castle County, Delaware. Oxford Tire Recycling, Inc. A Delaware corporation engaged in tire shredding, tire collection, tire disposal and related business activities. Oxford Tire Recycling of Massachusetts, Inc. A Delaware corporation engaged in waste tire collection, shredding and storage, the sale of used and shredded tires, and related business activities. Oxford Tire Supply, Inc. A Delaware corporation engaged in trucking and hauling used scrap tires and sorting and grading tires for resale. Texas City Generation, L.L.C. (80% member) A Michigan limited liability company formed to develop and own a 400 megawatt (net) petroleum coke fueled electric generating facility located in Texas City, Texas. CMS Land Company A Michigan corporation formed to act as a repository for any unused real property formerly owned by Consumers Power and hold the same for possible non-utility development and has one subsidiary: Bay Harbor Company, L.L.C., a Michigan limited liability company which is the owner and developer of Bay Harbor, a real estate development. (50%) CMS Utility Services, Inc. A Michigan corporation engaged in providing utility-related products and credit management services. CMS Utility Services, Inc. has one subsidiary: CMS A/R Services, Inc., a Michigan corporation engaged in utility debt collections and accounts receivable management services. KJL Limited, Inc. A Delaware corporation that was formed to hold the equity ownership of aircraft formerly leased by Consumers. CMS NOMECO Oil & Gas Co. A Michigan corporation engaged in the exploration, development, acquisition and production of oil and natural gas in the U.S. and seven (7) other countries through partnership interests and ownership of domestic corporations and foreign companies. CMS NOMECO Oil & Gas Co. directly owns sixteen (16) subsidiaries that are either domestic corporations or foreign companies: CMS NOMECO China Oil Company A Michigan corporation formed to pursue oil and natural gas exploration and production opportunities in China. CMS NOMECO Colombia Oil Company A Michigan corporation engaged in the exploration and production of oil and natural gas in Colombia. CMS NOMECO Equatorial Guinea Oil & Gas Co. A Michigan corporation engaged in the exploration and production of oil and natural gas in Equatorial Guinea. CMS NOMECO Holdings Ltd. A Cayman Islands company engaged as a holding company for 1% ownership interests in the Cayman Island limited duration companies described below as subsidiaries of CMS NOMECO International, Ltd. CMS NOMECO International, Ltd. A Cayman Islands company engaged as a holding company for six (6) subsidiaries that are Cayman Island limited duration companies that principally engage in the exploration and production of oil and natural gas in South America and West Africa: - CMS NOMECO Alba LDC (99%) - CMS NOMECO Argentina LDC (99%) - CMS NOMECO E.G. LDC (99%) - CMS NOMECO Ecuador LDC (99%) - CMS NOMECO International Services, LDC (99%) - CMS NOMECO Venezuela LDC (99%) CMS NOMECO International, Inc. A Texas corporation engaged as a holding company for five (5) subsidiaries that engage in the exploration and production of oil and natural gas in Africa and the Middle East: - CMS NOMECO International Equatorial Guinea, Inc., a Texas corporation - CMS NOMECO International Venezuela, Inc., a Texas corporation - Walter Congo Holdings, Inc., a Texas corporation, has one subsidiary, - Walter International Congo, Inc., a Delaware corporation - Walter International Transportation, Inc., a Texas corporation - Walter International Tunisia, Inc., a Texas corporation CMS NOMECO Peru Company A Michigan corporation formed to pursue oil and natural gas exploration and production opportunities in Peru. CMS NOMECO Pipeline Company A Michigan corporation formed to hold ownership interests in various natural gas pipelines located in Michigan. CMS NOMECO Services Company A Michigan corporation formed for the purpose of pursuing oil marketing opportunities. Comeco Petroleum Holdings, Inc. (50%) A Delaware corporation engaged in the exploration and production of oil and natural gas in Yemen. Explotaciones CMS NOMECO, Inc. A Delaware corporation engaged in the exploration and production of oil and natural gas in Colombia. NOMECO Australia Pty. Limited An Australian company formed to pursue oil and natural gas exploration, production and refining opportunities in Australia. NOMECO Ecuador Oil Company A Michigan corporation engaged in the exploration and production of oil and natural gas in Ecuador. NOMECO Exploration (Thailand) Limited A Thailand company formed to pursue oil and natural gas exploration and production opportunities in Thailand. NOMECO Thailand Oil Company A Michigan corporation formed to pursue oil and natural gas exploration and production opportunities in Thailand. Terra Energy, Ltd. A Michigan corporation engaged in the exploration and production of natural gas in Michigan. Terra Energy Ltd. has five subsidiaries: - Energy Acquisition Operating Corporation, a Michigan corporation formed to provide natural gas transportation services - Kristen Corporation, a Michigan corporation formed to provide natural gas marketing and transportation services - Terra Pipeline Company, a Michigan corporation engaged in the collection and distribution of certain revenues related to the production of oil and gas - Thunder Bay Pipeline Company, L.L.C. (50% member), a Michigan limited liability company formed to construct, own and operate the Thunder Bay Pipeline located in Michigan - Wellcorps L.L.C. (55% member), a Michigan limited liability company engaged in providing workover rig services to oil and gas producers with operations in Michigan CMS Comercializadora de Energia S.A. (70%) An Argentine company engaged in gas and electric marketing operations in Argentina. CMS Electric Marketing Company A Michigan corporation formed for the purpose of brokering or marketing electric power and generating capacity to utilities, municipalities, commercial and industrial end-users throughout the United States. CMS Gas Marketing Company A Michigan corporation engaged in the marketing of gas to eligible customers throughout 18 states of the United States. CMS Gas Marketing Company does not own or operate any gas facilities. CMS Gas Transmission and Storage Company A Michigan corporation organized to engage in the transmission, storage and processing of natural gas. CMS Gas Transmission and Storage Company has eight (8) subsidiaries: CMS Antrim Gas Company A Michigan corporation involved as a General Partner in the Antrim Limited Partnership, a Michigan limited partnership, which was formed to design, construct and operate the Central Carbon Dioxide Removal Plant in Otsego County, Michigan. CMS Gas Argentina Company An Argentine company with an equity interest in Transportado de Gas del Norte S.A., an Argentine corporation, which provides natural gas transmission services to the northern and central parts of Argentina. CMS Grands Lacs Holding Company A Michigan corporation involved as a General Partner in the Grands Lacs Limited Partnership, a Michigan limited partnership. CMS Gulf Coast Storage Company A Michigan corporation involved as a General Partner in the Moss Bluff Gas Storage Systems General Partnership, a Texas general partnership. CMS Jackson Pipeline Company A Michigan corporation involved as a General Partner in Jackson Pipeline Company, a Michigan general partnership. CMS Saginaw Bay Company A Michigan corporation involved as a Limited Partner in the Saginaw Bay Area Limited Partnership, a Michigan limited partnership. CMS Saginaw Bay Lateral Company A Michigan corporation involved as a Limited Partner in the Saginaw Bay Lateral Limited Partnership, a Michigan limited partnership. CMS Specialty Gas Processors Company A Michigan corporation involved as a General Partner in Specialty Gas Processors Limited Partnership, a Michigan limited partnership. Monarch Management Company A Michigan corporation which houses several investments whose principal business is the provision of services to energy and other regulated entities. Monarch Management Company has one subsidiary: CMS ENCOM, Inc., a Michigan corporation, formed for the purpose of providing accounts receivable and consulting services to entities in the energy and communication industries. (c) The consolidated operations of Consumers Power Company ("Consumers") account for the major share of CMS Energy's total assets, revenues and income. Consumers has seven subsidiaries. The name, state of organization and nature of business of Consumers' subsidiaries are described below: CMS Engineering Co. A Michigan corporation engaged in offering design, engineering, project management and related construction services to natural gas utilities, natural gas exploration and production companies, and other energy businesses. CMS Midland Holdings Company A Michigan corporation involved as a Limited Partner in the First Midland Limited Partnership, a Delaware limited partnership, a partnership that leases assets to the Midland Cogeneration Venture Limited Partnership, a Michigan limited partnership. CMS Midland, Inc. A Michigan corporation engaged as a General Partner in the Midland Cogeneration Venture Limited Partnership, a Michigan limited partnership. ES Services Company A Michigan corporation formed for the purpose of offering design, engineering, project management and related services primarily to electric utilities and generation facilities. Huron Hydrocarbons, Inc. A Michigan corporation involved with others to use the expanded capacity of the underground caverns at the Marysville Gas Reforming Plant located in Marysville, Michigan for commercial storage of liquid hydrocarbons and to use certain hydrocarbon fractionation facilities at the plant. MEC Development Corp. A Michigan corporation which previously held assets transferred to and holder of certain bonds issued by the Midland Cogeneration Venture Limited Partnership, a Michigan limited partnership. Michigan Gas Storage Company A Michigan corporation and a natural gas company within the meaning of the National Gas Act engaged in the interstate transportation and storage of gas for a number of customers including Consumers. 2. A brief description of the properties of claimant and each of its subsidiary public utility companies used for the generation, transmission and distribution of electric energy for sale, or for the production, transmission and distribution of natural or manufactured gas, indicating the location of principal generating plants, transmission lines, producing fields, gas manufacturing plants, and electric and gas distribution facilities, including all such properties which are outside the State in which claimant and its subsidiaries are organized and all transmission or pipelines which deliver or receive electric energy or gas at the borders of such State. _________________________________________________________ (a) Claimant has no properties used for such purposes. (b) Consumers is the only subsidiary of Claimant which is a public utility. Its property and facilities used for the above-described purposes are located within the State of Michigan and are described below. (1) Electric Properties Consumers' electric generation is supplied by the following plants: 1995 Summer Net 1995 Net Demonstrated Generation Name and Location Capability (Thousands of (Michigan) (Kilowatts) Kilowatt-hours) - ------------------------------- ---------------- -------------- Coal Generation J H Campbell - West Olive 1,346,100(A) 6,888,444 D E Karn - Essexville 515,000 3,100,008 B C Cobb - Muskegon 296,000 1,984,753 J R Whiting - Erie 310,000 2,004,675 J C Weadock - Essexville 310,000 1,978,526 ----------- ----------- Total 2,777,100 15,956,406 ----------- ----------- Oil/Gas Generation D E Karn - Essexville 1,276,000 534,004 ----------- ----------- Ludington Pumped Storage 954,700(B) (373,229)(C) ----------- ------------ Nuclear Generation Palisades - South Haven 762,000 4,837,252 Big Rock Point - Charlevoix 67,000 515,652 ----------- ----------- Total 829,000 5,352,904 ----------- ----------- Gas/Oil Combustion Turbine Generation 345,000 21,978 ----------- ----------- Hydro Generation 73,800 419,845 ----------- ----------- Total Owned Generation 6,255,600 21,911,908 =========== =========== (A) Represents Consumers' share of the capacity of the Campbell Plant Unit 3 net of 6.69% (ownership interests of the Michigan Public Power Agency and Wolverine Power Supply Cooperative, Inc.). (B) Represents Consumers' share of the capacity of the Ludington Pumped Storage Plant. Consumers and The Detroit Edison Company ("Detroit Edison") have 51% and 49% undivided ownership, respectively, in the plant, and the capacity of the plant is shared accordingly. (C) Represents Consumers' share of net pumped storage generation. This facility electrically pumps water during off-peak hours for storage to later generate electricity during peak-demand hours. Electric transmission, subtransmission and distri- bution lines are located on or under public highways, streets, alleys or lands, except where they are located on or under easements or other rights. The transmission system consists of 4,422 structural miles of overhead lines and 4 subsurface miles. The subtransmission system consists of 4,125 structural miles and 16 subsurface miles of underground lines. The distribution system consists of 51,341 structural miles of overhead lines and 5,276 subsurface miles of underground lines. Consumers owns substations having an aggregate transformer capacity of 37,766,530 kilovolt amperes. Consumers is interconnected with certain Michigan and neighboring utilities. Consumers and Detroit Edison have formed the Michigan Electric Coordinated Systems ("MECS") to facilitate the coordinated planning and operation of their electric systems. MECS is interconnected with electric systems in Indiana, Ohio and Ontario, Canada.(*) Consumers owns or connects with electric transmission lines which deliver electric energy at or near the Michigan state border to: (i) Indiana & Michigan Electric Company at the following interconnection points: Palisades-Cook No. 1, Palisades-Cook No. 2, Argenta-Robinson Park and Argenta-Twin Branch; and (ii) Northern Indiana Public Service Company at the following interconnection point: Barton Lake- Batavia. (2) Gas Properties As of December 31, 1995, Consumers' gas properties, all located in Michigan, included a gas distribution and transmission system, six compressor stations located at Consumers' storage fields and along the gas transmission lines, 11 storage fields, and the ____________________ (*)MECS interconnects with electric systems in Ohio and Ontario, Canada through Detroit Edison. Detroit Edison interconnects with The Toledo Edison Company at Majestic-Lemoyne, Monroe-Bayshore and Allen Junction- Majestic-Monroe. Detroit Edison also interconnects with Ontario Hydro at Waterman-Keith, Bunce Creek-Scott and two points at St. Clair-Lambton. 17 Marysville Gas Reforming Plant. The Marysville Gas Reforming Plant, located in Marysville, Michigan, is a fractionation facility and stores liquid hydrocarbons for third parties in its underground caverns. Consumers' gas distribution and transmission systems consist of 21,870 miles of distribution mains and 1,078 miles of transmission lines, throughout the Lower Peninsula of Michigan. Consumers owns and operates six compressor stations with a total of 123,470 installed horsepower. Michigan Gas Storage Company ("MGSC") owns and operates a gas transmission system, two compressor stations, and three storage fields, all located in Michigan. Consumers receives natural gas for its local distribution system through interconnection facilities located in Michigan and at the Michigan State border. Consumers received natural gas at the Michigan State border pursuant to a sales contract with Trunkline Gas Company ("Trunkline"). The terminus of Trunkline's pipeline at the Michigan State border is near Elkhart, Indiana at Township 38, Range 7, Section 11, Elkhart County, Indiana. The terminus of Consumers' pipeline at the Michigan State border is near White Pigeon, Michigan at Township 8 South, Range 12 West, Section 23, St. Joseph County, Michigan. 3. The following information for the last calendar year with respect to claimant and each of its subsidiary public utility companies: _________________________________________________________ (a) Number of kWh of electric energy sold (at retail or wholesale), and Mcf of natural or manufactured gas distributed at retail. Consumers sold 35,506,299,277 kWh of electric energy for the year ended December 31, 1995 and sold 253,617,847 Mcf of natural gas at retail during the same period. Claimant did not sell electric energy or natural or manufactured gas distributed at retail. (b) Number of kWh of electric energy and Mcf of natural or manufactured gas distributed at retail outside the State of Michigan. None. (c) Number of kWh of electric energy and Mcf of natural or manufactured gas sold at wholesale outside the State of Michigan or at the State line of Michigan. Consumers delivered 85,782,610 kWh of electric energy across state lines under interchange power agreements for the year ended December 31, 1995. Neither Claimant nor Consumers sold any natural gas at wholesale outside the State of Michigan during the same period. (d) Number of kWh of electric energy and Mcf of natural or manufactured gas purchased outside the State of Michigan or at the State line of Michigan. For the year ended December 31, 1995, Consumers purchased 3,689,743,000 kWh of electric energy outside the State of Michigan or at the State line of Michigan and Consumers purchased 185,972,000 Mcf of natural gas from outside the State of Michigan. Claimant did not purchase any electric energy or natural or manufactured gas outside the State of Michigan or at the State line of Michigan. 4. The following information for the reporting period with respect to claimant and each interest it holds directly or indirectly in an EWG or a foreign utility company, stating monetary amounts in United States dollars: _________________________________________________________ (a) Name, location, business address and description of the facilities used by the EWG or foreign utility company for the generation, transmission and distribution of electric energy for sale or for the distribution at retail of natural or manufactured gas. As of December 31, 1995, CMS Energy had interests in five EWGs: Central Termica San Nicolas, S.A. ("CTSN") Rivadavia S/N 2900 San Nicolas Prov. Buenos Aires, Argentina, South America CTSN, an Argentine company, is owner and operator of a 650 MW power plant located in San Nicolas, Argentina, north of Buenos Aires, Argentina. The five-unit plant can be fueled by coal, petroleum coke, oil or natural gas. Hidroelectrica El Chocon, S.A. ("Hidroelectrica") 8311 Neuquen Argentina, South America Hidroelectrica, an Argentine company, holds a thirty- year concession to operate two hydroelectric power plants located 26 kilometers apart on the Limay River in western Argentina. These plants have a total generating capacity of 1,320 MW. Lakewood Cogeneration, L.P. ("Lakewood") 150 Airport Road Lakewood, New Jersey 08701 Lakewood, a Delaware limited partnership, is owner and operator of a 237 MW Cogeneration facility located in Lakewood, New Jersey. The two-unit plant can be fueled by natural gas or household heating oil. Toledo Power Company ("Toledo Power") 2/F Phelps Dodge Annex Building 2 Pioneer St., Mandaluyong Metro Manila, Philippines Toledo Power, a Philippine partnership, is owner and operator of two power plants totaling 134.5 MW generating capacity located in Toledo City, Cebu, Philippines, in the central island group of the Republic of the Philippines. The plants can be fueled by coal, oil or diesel fuel. Centrales Termicas Mendoza, S.A. ("CTM") Parque Industrial Provincial 5507 Lujan de Cuyo, Mendoza Argentina, South America CTM, an Argentine company, is owner of two power plants located in Mendoza, Argentina. These plants have a nameplate generating capacity of 411 MW. These plants can be fueled by natural gas, oil or diesel fuel. (b) Name of each system company that holds an interest in such EWG or foreign utility company; and description of the interest held. CTSN In May 1993, Inversora San Nicolas S.A. purchased 88% share in CTSN. The remaining 12% interest was held by the Argentine government on behalf of the facility's employees. On July 7, 1995, AES Argentina, Inc. purchased a 99.9% ownership interest in CMS Generation San Nicolas Company, represented by 9,990 newly-issued shares, leaving CMS Generation Co. with a 0.016% indirect ownership interest in CTSN. See Exhibit C. Hidroelectrica CMS Generation Co. owns a 2.48% direct ownership in Hidroelectrica. Hidroinvest, S.A. owns a 59% ownership interest in Hidroelectrica. CMS Generation, S.A. has a 25% ownership interest in Hidroinvest, S.A. See Exhibit C. Lakewood HCE-Lakewood, Inc. owns 1% interest as a limited partner in Lakewood Cogeneration, L.P. HYDRA-CO Enterprises, Inc. owns 44% ownership interest as a general partner in Lakewood Cogeneration, L.P. See Exhibit C. Toledo Power CMS Generation Cebu Limited Duration Company owns a 32.5% direct interest in Toledo Power. See Exhibit C. CTM Cuyana de Inversiones owns a 80.55% ownership interest in CTM. Cuyana de Inversiones is owned 99% by CMS Operating, S.A. and 1% by CMS Ensenada, S.A. See Exhibit C. (c) Type and amount of capital invested, directly or indirectly, by the holding company claiming exemption; any direct or indirect guarantee of the security of the EWG or foreign utility company by the holding company claiming exemption; and any debt or other financial obligation for which there is recourse, directly or indirectly, to the holding company claiming exemption or another system company, other than the EWG or foreign utility company. CTSN As of December 31, 1995, CMS Generation San Nicolas Company had invested approximately $13 million of equity in CTSN. CMS Energy has been released from all guarantees related to CTSN. Hidroelectrica As of December 31, 1995, CMS Generation, S.A. had invested approximately $51 million of equity in, and advanced approximately $18 million of loans to, Hidroelectrica. CMS Generation, S.A. was a co-applicant for certain letters of credit required in connection with the acquisition of the concession, and CMS Energy has guaranteed up to approximately $15 million of reimbursement obligations relating to these letters of credit. CMS Energy has also guaranteed on behalf of Hidroelectrica approximately $14 million in connection with the Guaranteed Indebtedness Credit Agreement dated as of December 15, 1993 between Hidroelectrica and The Chase Manhattan Bank (National Association). Lakewood As of December 31, 1995, HCE-Lakewood, Inc. had invested $488,000 of equity in Lakewood. HYDRA-CO Enterprises, Inc. had invested $21,444,000 of equity in Lakewood. Toledo Power As of December 31, 1995, CMS Generation Cebu Limited Duration Company and CMS Generation Cebu Operating Limited Duration Company had invested approximately $9 million of equity in Toledo Power. CTM As of December 31, 1995, CMS Operating, S.A. has invested approximately $10 million of equity and $2 million of loans to CTM. CMS Generation Co. has loaned approximately $22 million to CTM. (d) Capitalization and earnings of the EWG or foreign utility company during the reporting period. *CTSN: (000s) --------- Capitalization at 12/31/95 Bank Loans $ Long Term Debt (Partners Loans) $ Shareholders' Equity --------- Total Capitalization $ ========= Net Income (Loss) for the period ended 12/31/95 $ ========= * Due to the nominal interest (.016%) of CTSN indirectly owned by CMS Generation Co., capitalization and earnings information of CTSN is unavailable. Hidroelectrica: (000s) --------- Capitalization at 12/31/95 Bank Loans $182,003 Shareholders' Equity 400,812 --------- Total Capitalization $582,815 ========= Net Income (Loss) for the period ended 12/31/95 $ 14,852 ========= Lakewood (000s) --------- Capitalization at 12/31/95 Bank Loans $207,225 Shareholders' Equity 41,579 --------- Total Capitalization $248,804 ========= Net Income (Loss) for the period ended 12/31/95 $ 5,163 ========= Toledo Power 000s --------- Capitalization at 12/31/95 Shareholders' Equity $ 53,819 ========= Net Income (Loss) for the period ended 12/31/95 $ (1,007) ========= CTM (000s) --------- Capitalization at 12/31/95 CMS Loans $ 23,635 Long Term Debt (YPF) $ 23,049 Shareholders Equity $ 17,578 --------- $ 64,262 ========= Net Income (Loss) for the period ended Dec.31,1995 $ (1,617) ========= (e) Identify any service, sales or construction contracts(s) between the EWG or foreign utility company and a system company, and describe the services to be rendered or goods sold and fees or revenues under such agreement(s). As of December 31, 1995, Toledo Power had an unwritten operating agreement with CMS Generation Cebu Operating Limited Duration Company. As of December 31, 1995, operator fees for 1995 were being negotiated but none had been paid. As of December 31, 1995, Lakewood maintains a 21 year Operating and Maintenance Agreement with HYDRA-CO Enterprises, Inc. to operate and maintain the EWG. There is an Administrative and General Agreement between Lakewood Cogeneration, L.P. and HYDRA-CO Enterprises which expires November 2012 to maintain the business administration of the EWG. Lakewood also maintains a construction contract with Lakewood Project Management, Inc., a wholly owned subsidiary of HYDRA-CO Enterprises, Inc., which expires at the end of the warranty phase. Total fees earned in 1995 were: (000s) ------- Operator Fees $ 397 Administrative Fees 309 Project Management Fees 627 ------ Total Fees $1,333 ====== As of December 31, 1995, CTM maintains an Operating and Maintenance Agreement with CMS Operating S.A., which expires November 1999, to operate and maintain the EWG. Total fees earned in 1995 were: (000s) ------- Total Fees $ 353 ====== 24 The above-named Claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 29th day of February, 1996. CMS ENERGY CORPORATION, a Michigan corporation [CORPORATE SEAL] By /s/ Rodger A. Kershner ---------------------------- Rodger A. Kershner Senior Vice President and General Counsel ATTEST: /s/ Thomas A. McNish - ----------------------------- Thomas A. McNish Vice President and Secretary Name, title, and address of officer to whom notices and correspondence concerning this Statement should be addressed: Rodger A. Kershner Senior Vice President and General Counsel CMS Energy Corporation Fairlane Plaza South Suite 1100 330 Town Center Drive Dearborn, Michigan 48126 EX-99 2 EXHIBIT A - CONSOLIDATING STATEMENTS 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, 1995 (In Millions, except Per Share Amounts)
Consumers CMS Inter- Power Enterprises company CMS Energy CMS Energy Company Company Elimina- Corporation Corp.(1) Consol. Consol. tions Consol. Operating Revenue Electric utility $ - $2,277 $ - $ - $2,277 Gas utility - 1,195 - - 1,195 Oil and gas exploration and production - - 127 (19) 108 Independent power production - 37 59 - 96 Natural gas transmission, storage and marketing - - 199 (3) 196 Other - 2 18 (2) 18 ------------------------------------------------------------------- Total operating revenue - 3,511 403 (24) 3,890 ------------------------------------------------------------------- Operating Expenses Fuel for electric generation - 283 - - 283 Purchased power - related parties - 491 - - 491 Purchased and interchange power - 196 - - 196 Cost of gas sold - 671 172 (22) 821 Other operation expense 12 592 96 (2) 698 Maintenance - 183 3 - 186 Depreciation, depletion and amortization 1 357 58 - 416 General taxes - 189 7 - 196 ------------------------------------------------------------------- Total operating expenses 13 2,962 336 (24) 3,287 ------------------------------------------------------------------- Pretax Operating Income (Loss) (13) 549 67 - 603 ------------------------------------------------------------------- Income Taxes (26) 145 11 - 130 ------------------------------------------------------------------- Net Operating Income 13 404 56 - 473 ------------------------------------------------------------------- Other Income (Deductions) Dividends from affiliates - 17 2 (19) - Accretion income - 11 - - 11 Accretion expense - (31) - - (31) Other income taxes, net (1) 12 1 - 12 Other, net 260 5 2 (257) 10 ------------------------------------------------------------------- Total other income (deductions) 259 14 5 (276) 2 ------------------------------------------------------------------- Fixed Charges Interest on long-term debt 61 141 22 - 224 Other interest 2 24 4 (3) 27 Capitalized interest - (2) (6) - (8) Preferred dividends - 28 14 (14) 28 ------------------------------------------------------------------- Net fixed charges 63 191 34 (17) 271 ------------------------------------------------------------------- Net Income (Loss) before Common Stock Dividends 209 227 27 (259) 204 Dividends on Common Stock 89 70 - (75) 84 ------------------------------------------------------------------- Net Income (Loss) after Common Stock Dividends $ 120 $ 157 $ 27 $ (184) $ 120 =================================================================== Average Number of CMS Energy Common Shares Outstanding 88,810 Earnings Per CMS Energy Average Common Share $ 2.27 (1) Represents CMS Energy Corporation with Consumers Power Company and CMS Enterprises Company included on the equity method of accounting.
CONSUMERS POWER COMPANY Consolidating Statement of Income For the Year Ended December 31, 1995 (In Millions)
Michigan Huron CMS Inter- Consumers Consumers Gas Hydro- Midland CMS company Power Power Storage carbons Holdings Midland Elimina- Company Company(2) Company Inc. Company Inc. tions Consol. Operating Revenue Electric $2,277 $ - $ - $ - $ - $ - $2,277 Gas 1,192 20 - - - (17) 1,195 Other 1 - 1 7 30 - 39 -------------------------------------------------------------------------------- Total operating revenue 3,470 20 1 7 30 (17) 3,511 -------------------------------------------------------------------------------- Operating Expenses Fuel for electric generation 283 - - - - - 283 Purchased power - related parties 491 - - - - - 491 Purchased and interchange power 196 - - - - - 196 Cost of gas sold 690 (2) - - - (17) 671 Other operation expense 580 11 - 1 - - 592 Maintenance 180 3 - - - - 183 Depreciation, depletion and amortization 355 1 - - 1 - 357 General taxes 187 2 - - - - 189 -------------------------------------------------------------------------------- Total operating expenses 2,962 15 - 1 1 (17) 2,962 -------------------------------------------------------------------------------- Pretax Operating Income 508 5 1 6 29 - 549 -------------------------------------------------------------------------------- Income Taxes 133 2 - - 10 - 145 -------------------------------------------------------------------------------- Net Operating Income 375 3 1 6 19 - 404 -------------------------------------------------------------------------------- Other Income (Deductions) Dividends from affiliates 17 - - - - - 17 Accretion income 11 - - - - - 11 Accretion expense (31) - - - - - (31) Other income taxes, net 12 - - - - - 12 Other, net 35 - - - - (30) 5 -------------------------------------------------------------------------------- Total other income (deductions) 44 - - - - (30) 14 -------------------------------------------------------------------------------- Interest Charges Interest on long-term debt 141 - - - - - 141 Other interest 25 - - - - (1) 24 Capitalized interest (2) - - - - - (2) -------------------------------------------------------------------------------- Net interest charges 164 - - - - (1) 163 -------------------------------------------------------------------------------- Net Income (Loss) 255 3 1 6 19 (29) 255 Preferred Stock Dividends 28 - - - - - 28 -------------------------------------------------------------------------------- Net Income (Loss) after Dividends on Preferred Stock 227 3 1 6 19 (29) 227 Dividends on Common Stock 70 - - - - - 70 -------------------------------------------------------------------------------- Net Income (Loss) After Common Dividends $ 157 $ 3 $ 1 $ 6 $ 19 $ (29) $ 157 ================================================================================ (2) Represents Consumers Power Company, CMS Engineering Company and ES Services Company consolidated with Michigan Gas Storage Company, CMS Midland Holdings Company, CMS Midland, Inc. and Huron Hydrocarbons, Inc. included on the equity method of accounting.
CMS ENTERPRISES COMPANY Consolidating Statement of Income For the Year Ended December 31, 1995 (In Millions)
CMS NOMECO CMS CMS CMS Gas CMS Oil and Generation Utility CMS CMS Gas Transmission Enterprises Gas Co. Co. Services Land Marketing Company Company(3) Consol. Consol. Inc. Company Company Consol. Operating Revenue Oil and gas exploration and production $ - $ 127 $ - $ - $ - $ - $ - Independent power production - - 59 - - - - Natural gas transmission, storage and marketing - - - - - 174 25 Other - - - 5 11 - - -------------------------------------------------------------------------------- Total operating revenue - 127 59 5 11 174 25 -------------------------------------------------------------------------------- Operating Expenses Cost of gas sold - - - - - 169 3 Other operation expense 2 37 45 4 - 3 6 Maintenance - 3 - - - - - Depreciation, depletion and amortization - 52 2 1 - - 3 General taxes - 5 1 - - - 1 -------------------------------------------------------------------------------- Total operating expenses 2 97 48 5 - 172 13 -------------------------------------------------------------------------------- Pretax Operating Income (Loss) (2) 30 11 - 11 2 12 -------------------------------------------------------------------------------- Income Taxes (1) (2) 4 - 4 1 4 -------------------------------------------------------------------------------- Net Operating Income (Loss) (1) 32 7 - 7 1 8 -------------------------------------------------------------------------------- Other Income (Deductions) Dividends from affiliates 2 - - - - - - Other income taxes, net - - 1 - - - - Other, net 40 - 2 - - 1 - -------------------------------------------------------------------------------- Total other income (deductions) 42 - 3 - - 1 - -------------------------------------------------------------------------------- Fixed Charges Interest on long-term debt - 11 10 - - - 1 Other interest - 3 1 - - - - Capitalized interest - (6) - - - - - Preferred dividends 14 - - - - - - -------------------------------------------------------------------------------- Net fixed charges 14 8 11 - - - 1 -------------------------------------------------------------------------------- Net Income (Loss) $ 27 $ 24 $ (1) $ - $ 7 $ 2 $ 7 ================================================================================ (Continued on Following Page)
CMS ENTERPRISES COMPANY Consolidating Statement of Income For the Year Ended December 31, 1995 (In Millions) (Continued from Previous Page)
Monarch Inter- CMS Manage- company Enterprises ment Elimina- Company Company tions Consol. Operating Revenue Oil and gas exploration and production $ - $ - $ 127 Independent power production - - 59 Natural gas transmission, storage and marketing - - 199 Other 2 - 18 -------------------------------- Total operating revenue 2 - 403 -------------------------------- Operating Expenses Cost of gas sold - - 172 Other operation expense (1) - 96 Maintenance - - 3 Depreciation, depletion and amortization - - 58 General taxes - - 7 -------------------------------- Total operating expenses (1) - 336 -------------------------------- Pretax Operating Income (Loss) 3 - 67 -------------------------------- Income Taxes 1 - 11 -------------------------------- Net Operating Income (Loss) 2 - 56 -------------------------------- Other Income (Deductions) Dividends from affiliates - - 2 Other income taxes, net - - 1 Other, net - (41) 2 -------------------------------- Total other income (deductions) - (41) 5 -------------------------------- Fixed Charges Interest on long-term debt - - 22 Other interest - - 4 Capitalized interest - - (6) Preferred dividends - - 14 -------------------------------- Net fixed charges - - 34 -------------------------------- Net Income (Loss) $ 2 $ (41) $ 27 ================================ (3) Represents CMS Enterprises Company, CMS Capital Corporation, CMS Electric Marketing Company and KJL Limited, Inc. consolidated with CMS NOMECO Oil and Gas Company, CMS Generation Company, CMS Utility Services, Inc., CMS Land Company, CMS Gas Marketing Company, CMS Gas Transmission Company and Monarch Management Company included on the equity method of accounting.
CMS NOMECO OIL AND GAS COMPANY Consolidating Statement of Income For the Year Ended December 31, 1995 (In Millions)
CMS NOMECO CMS CMS Equatorial NOMECO NOMECO NOMECO NOMECO Terra Guinea CMS NOMECO Colombia Oil and Gas Australia International Energy, Oil & Gas Venezuela Oil Company(4) Pty. Ltd. Inc. Consol. Ltd. Co. LDC Company Operating Revenue Oil and gas exploration and production $ 71 $ 1 $ 22 $ 5 $ 6 $ 1 $ 2 Other - - - - - - - -------------------------------------------------------------------------------- Total operating revenue 71 1 22 5 6 1 2 -------------------------------------------------------------------------------- Operating Expenses Cost of products sold - 1 - - - - - Other operation expense 16 - 10 - 1 1 1 Maintenance 3 - - - - - - Depreciation, depletion and amortization 37 - 4 2 1 - 1 General taxes 4 - - - - - - -------------------------------------------------------------------------------- Total operating expenses 60 1 14 2 2 1 2 -------------------------------------------------------------------------------- Pretax Operating Income 11 - 8 3 4 - - -------------------------------------------------------------------------------- Income Taxes (9) - 3 - 2 - - -------------------------------------------------------------------------------- Net Operating Income 20 - 5 3 2 - - -------------------------------------------------------------------------------- Other Income (Deductions) Other income taxes, net - - - - - - - Other, net 10 - - - - - - -------------------------------------------------------------------------------- Total other income (deductions) 10 - - - - - - -------------------------------------------------------------------------------- Fixed Charges Interest on long-term debt 10 - 1 - - - - Other interest 2 - - - - 1 - Capitalized interest (5) - - - - (1) - -------------------------------------------------------------------------------- Net fixed charges 7 - 1 - - - - -------------------------------------------------------------------------------- Net Income (Loss) $ 23 $ - $ 4 $ 3 $ 2 $ - $ - ================================================================================ (Continued on Following Page)
CMS NOMECO OIL AND GAS COMPANY Consolidating Statement of Income For the Year Ended December 31, 1995 (In Millions) (Continued from Previous Page)
CMS NOMECO CMS Explota- Inter- CMS NOMECO Inter- NOMECO ciones company Oil and Gas national Ecuador Nomeco Elimina- Company Ltd. LDC Inc. tions Consol. Operating Revenue Oil and gas exploration and production $ - $ 15 $ 4 $ - $ 127 Other - - - - - -------------------------------------------------------- Total operating revenue - 15 4 - 127 -------------------------------------------------------- Operating Expenses Cost of products sold - - - - 1 Other operation expense - 6 1 - 36 Maintenance - - - - 3 Depreciation, depletion and amortization - 6 1 - 52 General taxes - - 1 - 5 -------------------------------------------------------- Total operating expenses - 12 3 - 97 -------------------------------------------------------- Pretax Operating Income - 3 1 - 30 -------------------------------------------------------- Income Taxes - 1 1 - (2) -------------------------------------------------------- Net Operating Income - 2 - - 32 -------------------------------------------------------- Other Income (Deductions) Other income taxes, net - - - - - Other, net 2 - - (12) - -------------------------------------------------------- Total other income (deductions) 2 - - (12) - -------------------------------------------------------- Fixed Charges Interest on long-term debt - - - - 11 Other interest 4 - - (4) 3 Capitalized interest - - - - (6) -------------------------------------------------------- Net fixed charges 4 - - (4) 8 -------------------------------------------------------- Net Income (Loss) $ (2) $ 2 $ - $ (8) $ 24 ======================================================== (4) Represents CMS NOMECO Oil and Gas Company, NOMECO China Oil Co., NOMECO Thailand Oil Company, CMS NOMECO Pipeline Company, CMS NOMECO PNG Oil Co., NOMECO Exploration (Thailand) Limited, CMS NOMECO Holdings Ltd., CMS NOMECO Peru Company and CMS NOMECO Argentina LDC consolidated with CMS NOMECO International, Inc. included on the equity method of accounting.
CMS NOMECO INTERNATIONAL, INC. Consolidating Statement of Income For the Year Ended December 31, 1995 (In Millions)
CMS Walter CMS Inter- CMS NOMECO NOMECO International NOMECO Company Inter., International Congo, Inter. Eq. Elimina- Inc. Inc.(5) Inc. Guinea, Inc. tions Consol. Operating Revenue Oil and gas exploration and production $ - $ 17 $ 5 $ - $ 22 Other - - - - - ------------------------------------------------------------ Total operating revenue - 17 5 - 22 ------------------------------------------------------------ Operating Expenses Cost of products sold - - - - - Other operation expense 1 8 1 - 10 Maintenance - - - - - Depreciation, depletion and amortization - 3 1 - 4 General taxes - - - - - ------------------------------------------------------------ Total operating expenses 1 11 2 - 14 ------------------------------------------------------------ Pretax Operating Income (Loss) (1) 6 3 - 8 ------------------------------------------------------------ Income Taxes - 2 1 - 3 ------------------------------------------------------------ Net Operating Income (Loss) (1) 4 2 - 5 ------------------------------------------------------------ Other Income (Deductions) Other income taxes, net - - - - - Other, net 5 - - (5) - ------------------------------------------------------------ Total other income (deductions) 5 - - (5) - ------------------------------------------------------------ Fixed Charges Interest on long-term debt - 1 - - 1 Other interest - - - - - Capitalized interest - - - - - ------------------------------------------------------------ Net fixed charges - 1 - - 1 ------------------------------------------------------------ Net Income (Loss) $ 4 $ 3 $ 2 $ (5) $ 4 ============================================================ (5) Represents CMS NOMECO International, Inc., Walter International Transportation, Inc. and Walter International Tunisia, Inc consolidated.
CMS GENERATION COMPANY Consolidating Statement of Income For the Year Ended December 31, 1995 (In Millions)
CMSG CMSG HYDRA-CO CMSG Oxford CMS Honey Filer Enter- Grayling CMSG Tire Generation Lake City prises, Holdings Operating Supply Co.(6) Company Inc. Consol. Company Company Inc. Operating Revenue Independent power production $ 4 $ 7 $ 4 $ 32 $ 2 $ 1 $ 4 Other - - - - - - - -------------------------------------------------------------------------------- Total operating revenue 4 7 4 32 2 1 4 -------------------------------------------------------------------------------- Operating Expenses Other operation expense 20 - - 12 - - 5 Depreciation, depletion and amortization - - - 2 - - - General taxes 1 - - - - - - -------------------------------------------------------------------------------- Total operating expenses 21 - - 14 - - 5 -------------------------------------------------------------------------------- Pretax Operating Income (Loss) (17) 7 4 18 2 1 (1) -------------------------------------------------------------------------------- Income Taxes (9) 3 1 7 1 - - -------------------------------------------------------------------------------- Net Operating Income (Loss) (8) 4 3 11 1 1 (1) -------------------------------------------------------------------------------- Other Income (Deductions) Other income taxes, net - - - - - - - Other, net 16 - - - - - - -------------------------------------------------------------------------------- Total other income (deductions) 16 - - - - - - -------------------------------------------------------------------------------- Fixed Charges Interest on long-term debt 10 - - - - - - Other interest 1 - - - - - - -------------------------------------------------------------------------------- Net fixed charges 11 - - - - - - -------------------------------------------------------------------------------- Net Income (Loss) $ (3) $ 4 $ 3 $ 11 $ 1 $ 1 $ (1) ================================================================================ (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Statement of Income For the Year Ended December 31, 1995 (In Millions) (Continued from Previous Page)
Centrales Mid- OTR Inter- CMS CMSG Oxford/ Termicas Michigan Northern company Generation Holding CMS Devel. Mendoza Recycling California Elimina- Company Company L.P. S.A. L.L.C. Inc. tions Consol. Operating Revenue Independent power production $ - $ (1) $ 2 $ 2 $ 2 $ - $ 59 Other - - - - - - - -------------------------------------------------------------------------------- Total operating revenue - (1) 2 2 2 - 59 -------------------------------------------------------------------------------- Operating Expenses Other operation expense - - 3 3 2 - 45 Depreciation, depletion and amortization - - - - - - 2 General taxes - - - - - - 1 -------------------------------------------------------------------------------- Total operating expenses - - 3 3 2 - 48 -------------------------------------------------------------------------------- Pretax Operating Income (Loss) - (1) (1) (1) - - 11 -------------------------------------------------------------------------------- Income Taxes 1 - - - - - 4 -------------------------------------------------------------------------------- Net Operating Income (Loss) (1) (1) (1) (1) - - 7 -------------------------------------------------------------------------------- Other Income (Deductions) Other income taxes, net 1 - - - - - 1 Other, net - - - - - (14) 2 -------------------------------------------------------------------------------- Total other income (deductions) 1 - - - - (14) 3 -------------------------------------------------------------------------------- Fixed Charges Interest on long-term debt - - - - - - 10 Other interest 1 - - - - (1) 1 -------------------------------------------------------------------------------- Net fixed charges 1 - - - - (1) 11 -------------------------------------------------------------------------------- Net Income (Loss) $ (1) $ (1) $ (1) $ (1) $ - $ (13) $ (1) ================================================================================ (6) Represents CMS Generation Company, CMSG Filer City Operating Company, CMSG Grayling Company, CMS Midland II, CMS Resource Development Company, CMSG Genesee Company, CMSG Recycling Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, CMSG Mon Valley Company, CMSG Investment Company I, CMSG Investment Company II, CMSG Investment Company III, CMSG Pinamucan LDC, CMSG Cebu LDC, CMSG Cebu Operating LDC, CMSG Montreal Company, CMSG Operating S.A., Cuyana S.A. de Inversiones, CMSG San Nicolas Company and CMS Generation S.A. consolidated with HYDRA-CO Enterprises, Inc. included on the equity method of accounting.
HYDRA-CO ENTERPRISES, INC. Consolidating Statement of Income For the Year Ended December 31, 1995 (In Millions)
HYDRA-CO Lakewood Inter- HYDRO-CO Enter- Project company Enter- prises, Management Elimina- prises Inc.(7) Inc. tions Consol. Operating Revenue Independent power production $ 31 $ 1 $ - $ 32 Other - - - - -------------------------------------------- Total operating revenue 31 1 - 32 -------------------------------------------- Operating Expenses Other operation expense 11 1 - 12 Depreciation, depletion and amortization 2 - - 2 General taxes - - - - -------------------------------------------- Total operating expenses 13 1 - 14 -------------------------------------------- Pretax Operating Income 18 - - 18 -------------------------------------------- Income Taxes 7 - - 7 -------------------------------------------- Net Operating Income 11 - - 11 -------------------------------------------- Other Income (Deductions) Other income taxes, net - - - - Other, net 2 - (2) - -------------------------------------------- Total other income (deductions) 2 - (2) - -------------------------------------------- Fixed Charges Interest on long-term debt - - - - Other interest - - - - -------------------------------------------- Net fixed charges - - - - -------------------------------------------- Net Income (Loss) $ 13 $ - $ (2) $ 11 ============================================ (7) Represents HYDRA-CO Enterprises, Inc., HCE Appomattox, Inc., HCE Hudson, Inc., HCE Imperial Valley, Inc., HCE Jamaica Development, Inc., HCE Lakewood, Inc., HYDRA-CO Generation Inc. and New Bern Project Management, Inc. consolidated.
CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Statement of Income For the Year Ended December 31, 1995 (In Millions)
CMS CMS CMS Inter- CMS Gas CMS Gas CMS Gulf Coast Gas Jackson company Transmission Transmission Antrim Storage Argentina Pipeline Elimina- Company Company(8) Company Company Company Company tions Consol. Operating Revenue Natural gas transmission and storage $ 9 $ 7 $ 2 $ 5 $ 2 $ - $ 25 Other - - - - - - - -------------------------------------------------------------------------------- Total operating revenue 9 7 2 5 2 - 25 -------------------------------------------------------------------------------- Operating Expenses Cost of gas sold 3 - - - - - 3 Other operation expense 3 1 1 - 1 - 6 Depreciation, depletion and amortization 1 1 - 1 - - 3 General taxes 1 - - - - - 1 -------------------------------------------------------------------------------- Total operating expenses 8 2 1 1 1 - 13 -------------------------------------------------------------------------------- Pretax Operating Income 1 5 1 4 1 - 12 -------------------------------------------------------------------------------- Income Taxes 3 1 - - - - 4 -------------------------------------------------------------------------------- Net Operating Income (Loss) (2) 4 1 4 1 - 8 -------------------------------------------------------------------------------- Other Income (Deductions) Other income taxes, net - - - - - - - Other, net 10 1 - - - (11) - -------------------------------------------------------------------------------- Total other income (deductions) 10 1 - - - (11) - -------------------------------------------------------------------------------- Fixed Charges Interest on long-term debt 1 - - - - - 1 Other interest - - - - - - - -------------------------------------------------------------------------------- Net fixed charges 1 - - - - - 1 -------------------------------------------------------------------------------- Net Income (Loss) $ 7 $ 5 $ 1 $ 4 $ 1 $ (11) $ 7 ================================================================================ (8) Represents CMS Gas Transmission and Storage Company, CMS Saginaw Bay Company, CMS Saginaw Bay Lateral Company, CMS Grands Lacs Holding Company and CMS Specialty Gas Processors Company consolidated.
CMS ENERGY CORPORATION Consolidating Balance Sheet - Assets December 31, 1995 (In Millions)
Consumers CMS Inter- Power Enterprises company CMS Energy CMS Energy Company Company Elimina- Corporation Corp.(1) Consol. Consol. tions Consol. Plant and Property (At Cost) Electric $ - $6,103 $ - $ - $6,103 Gas - 2,169 49 - 2,218 Oil and gas properties - - 1,074 - 1,074 Other 21 30 60 (6) 105 -------------------------------------------------------- 21 8,302 1,183 (6) 9,500 Less accumulated depreciation, depletion and amortization 2 4,090 535 - 4,627 -------------------------------------------------------- 19 4,212 648 (6) 4,873 Construction work-in-progress - 190 11 - 201 -------------------------------------------------------- 19 4,402 659 (6) 5,074 -------------------------------------------------------- Investments Associated companies 2,352 337 55 (2,744) - First Midland Limited Partnership - 225 - - 225 Independent power production - - 275 - 275 Natural gas transmission, storage and marketing - - 193 - 193 Midland Cogeneration Venture - 103 - - 103 Other - 7 15 - 22 -------------------------------------------------------- 2,352 672 538 (2,744) 818 -------------------------------------------------------- Current Assets Cash and temporary cash investments - 14 42 - 56 Accounts receivable (9) (36) 142 (22) 75 Accrued revenues - 183 38 - 221 Inventories to average cost Gas in underground storage - 184 - - 184 Materials and supplies - 72 11 - 83 Generating plant fuel stock - 37 - - 37 Deferred income taxes (2) 26 - - 24 Postretirement benefits - 25 - - 25 Prepayments and other 4 181 20 - 205 -------------------------------------------------------- (7) 686 253 (22) 910 -------------------------------------------------------- Non-current Assets Postretirement benefits - 462 - - 462 Abandoned Midland project - 131 - - 131 Nuclear decommissioning trust funds - 304 - - 304 Other 85 297 140 (78) 444 -------------------------------------------------------- 85 1,194 140 (78) 1,341 -------------------------------------------------------- Total Assets $2,449 $6,954 $1,590 $(2,850) $8,143 ======================================================== (1) Represents CMS Energy Corporation with Consumers Power Company and CMS Enterprises Company included on the equity method of accounting.
CMS ENERGY CORPORATION Consolidating Balance Sheet - Equity and Liabilities December 31, 1995 (In Millions)
Consumers CMS Inter- Power Enterprises company CMS Energy CMS Energy Company Company Elimina- Corporation Corp.(1) Consol. Consol. tions Consol. Capitalization Common Stockholders' Equity Common stock $ 1 $ 841 $ - $ (841) $ 1 Other paid-in-capital 2,094 491 833 (1,467) 1,951 Revaluation capital (8) 29 14 (43) (8) Retained earnings (475) 237 (93) (144) (475) -------------------------------------------------------- 1,612 1,598 754 (2,495) 1,469 Preferred stock - 356 249 (249) 356 Long-term debt 827 1,922 232 (75) 2,906 Non-current capital leases - 104 2 - 106 -------------------------------------------------------- 2,439 3,980 1,237 (2,819) 4,837 -------------------------------------------------------- Current Liabilities Current portion of long-term debt - 45 116 - 161 Current capital leases - 45 1 - 46 Notes payable - 341 - - 341 Accounts payable 1 207 102 (6) 304 Accounts payable - related parties 6 56 3 (12) 53 Power purchases - settlement - 90 - - 90 Accrued interest 11 32 7 (5) 45 Accrued taxes 24 225 7 - 256 Accrued refunds - 22 - - 22 Other - 178 16 (2) 192 -------------------------------------------------------- 42 1,241 252 (25) 1,510 -------------------------------------------------------- Non-current Liabilities Postretirement benefits 6 517 10 - 533 Power purchases - settlement - 221 - - 221 Deferred income taxes (38) 605 73 - 640 Deferred investment tax credit - 169 2 - 171 Regulatory liabilities for income taxes, net - 44 - - 44 Other - 177 16 (6) 187 -------------------------------------------------------- (32) 1,733 101 (6) 1,796 -------------------------------------------------------- Total Stockholders' Equity and Liabilities $2,449 $6,954 $1,590 $(2,850) $8,143 ======================================================== (1) Represents CMS Energy Corporation with Consumers Power Company and CMS Enterprises Company included on the equity method of accounting.
CONSUMERS POWER COMPANY Consolidating Balance Sheet - Assets December 31, 1995 (In Millions)
Michigan Huron CMS Inter- Consumers Consumers Gas Hydro- Midland CMS company Power Power Storage carbons Holdings Midland Elimina- Company Company(2) Company Inc. Company Inc. tions Consol. Plant and Property (At Cost) Electric $6,103 $ - $ - $ - $ - $ - $6,103 Gas 2,069 100 - - - - 2,169 Other 30 - - - - - 30 -------------------------------------------------------------------------------- 8,202 100 - - - - 8,302 Less accumulated depreciation, depletion and amortization 4,038 52 - - - - 4,090 -------------------------------------------------------------------------------- 4,164 48 - - - - 4,212 Construction work-in-progress 187 3 - - - - 190 -------------------------------------------------------------------------------- 4,351 51 - - - - 4,402 -------------------------------------------------------------------------------- Investments Associated companies 589 - - - - (252) 337 First Midland Limited Partnership - - - 225 - - 225 Midland Cogeneration Venture - - - - 103 - 103 Other - - 7 - - - 7 -------------------------------------------------------------------------------- 589 - 7 225 103 (252) 672 -------------------------------------------------------------------------------- Current Assets Cash and temporary cash investments 13 1 - - - - 14 Accounts receivable (28) 3 - - 10 (21) (36) Accrued revenues 183 - - - - - 183 Inventories to average cost Gas in underground storage 184 - - - - - 184 Materials and supplies 72 - - - - - 72 Generating plant fuel stock 37 - - - - - 37 Deferred income taxes 26 - - - - - 26 Postretirement benefits 25 - - - - - 25 Prepayments and other 181 - - - - - 181 -------------------------------------------------------------------------------- 693 4 - - 10 (21) 686 -------------------------------------------------------------------------------- Non-current Assets Postretirement benefits 456 6 - - - - 462 Abandoned Midland project 131 - - - - - 131 Nuclear decommissioning trust funds 304 - - - - - 304 Other 294 1 - 2 - - 297 -------------------------------------------------------------------------------- 1,185 7 - 2 - - 1,194 -------------------------------------------------------------------------------- Total Assets $6,818 $ 62 $ 7 $ 227 $ 113 $ (273) $6,954 ================================================================================ (2) Represents Consumers Power Company, CMS Engineering Company, ES Services Company and MEC Development Corporation consolidated with Michigan Gas Storage Company, CMS Midland Holdings Company, CMS Midland, Inc. and Huron Hydrocarbons, Inc. included on the equity method of accounting.
CONSUMERS POWER COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1995 (In Millions)
Michigan Huron CMS Inter- Consumers Consumers Gas Hydro- Midland CMS company Power Power Storage carbons Holdings Midland Elimina- Company Company(2) Company Inc. Company Inc. tions Consol. Capitalization Common Stockholders' Equity Common stock $ 841 $ 15 $ - $ - $ - $ (15) $ 841 Other paid-in-capital 491 5 2 45 135 (187) 491 Revaluation capital 29 - - - - - 29 Retained earnings 237 21 3 24 2 (50) 237 -------------------------------------------------------------------------------- 1,598 41 5 69 137 (252) 1,598 Preferred stock 356 - - - - - 356 Long-term debt 1,922 - - - - - 1,922 Non-current capital leases 104 - - - - - 104 -------------------------------------------------------------------------------- 3,980 41 5 69 137 (252) 3,980 -------------------------------------------------------------------------------- Current Liabilities Current portion of long-term debt 45 - - - - - 45 Current capital leases 45 - - - - - 45 Notes payable 351 9 - - - (19) 341 Accounts payable 206 1 - - - - 207 Accounts payable - related parties 56 1 1 - - (2) 56 Power purchases - settlement 90 - - - - - 90 Accrued interest 32 - - - - - 32 Accrued taxes 234 1 - (10) - - 225 Accrued refunds 22 - - - - - 22 Other 177 1 - - - - 178 -------------------------------------------------------------------------------- 1,258 13 1 (10) - (21) 1,241 -------------------------------------------------------------------------------- Non-current Liabilities Postretirement benefits 511 6 - - - - 517 Power purchases - settlement 221 - - - - - 221 Deferred income taxes 491 1 1 137 (25) - 605 Deferred investment tax credit 137 - - 31 1 - 169 Regulatory liabilities for income taxes, net 44 - - - - - 44 Other 176 1 - - - - 177 -------------------------------------------------------------------------------- 1,580 8 1 168 (24) - 1,733 -------------------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $6,818 $ 62 $ 7 $ 227 $ 113 $ (273) $6,954 ================================================================================ (2) Represents Consumers Power Company, CMS Engineering Company, ES Services Company and MEC Development Corporation consolidated with Michigan Gas Storage Company, CMS Midland Holdings Company, CMS Midland, Inc. and Huron Hydrocarbons, Inc. included on the equity method of accounting.
CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Assets December 31, 1995 (In Millions)
CMS NOMECO CMS CMS CMS Gas CMS Oil and Generation Utility CMS CMS Gas Transmission Enterprises Gas Co. Co. Services Land Marketing Company Company(3) Consol. Consol. Inc. Company Company Consol. Plant and Property (At Cost) Oil and gas properties $ - $1,074 $ - $ - $ - $ - $ - Natural gas transmission, storage and marketing - - - - - - 49 Other - - 41 4 15 - - -------------------------------------------------------------------------------- - 1,074 41 4 15 - 49 Less accumulated depreciation, depletion and amortization - 525 1 3 - - 6 -------------------------------------------------------------------------------- - 549 40 1 15 - 43 Construction work-in-progress - - - - - - 11 -------------------------------------------------------------------------------- - 549 40 1 15 - 54 -------------------------------------------------------------------------------- Investments Associated companies 1,004 - - - - - - Independent power production - - 275 - - - - Natural gas transmission, storage and marketing - - - - - - 193 Other 1 3 - - 11 - - -------------------------------------------------------------------------------- 1,005 3 275 - 11 - 193 -------------------------------------------------------------------------------- Current Assets Cash and temporary cash investments 1 13 23 - - 3 2 Accounts receivable 3 32 66 3 5 25 14 Accrued revenues - 38 - - - - - Materials and supplies - 2 8 - - - 1 Prepayments and other - 13 3 - - 3 1 -------------------------------------------------------------------------------- 4 98 100 3 5 31 18 -------------------------------------------------------------------------------- Non-current Assets Postretirement benefits - - - - - - - Other - 21 111 - - - 8 -------------------------------------------------------------------------------- - 21 111 - - - 8 -------------------------------------------------------------------------------- Total Assets $1,009 $ 671 $ 526 $ 4 $ 31 $ 31 $ 273 ================================================================================ (Continued on Following Page)
CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Assets December 31, 1995 (In Millions) (Continued from Previous Page)
Inter- CMS CMS company Enterprises Capital Elimina- Company Corp. tions Consol. Plant and Property (At Cost) Oil and gas properties $ - $ - $1,074 Natural gas transmission, storage and marketing - - 49 Other - - 60 ------------------------------- - - 1,183 Less accumulated depreciation, depletion and amortization - - 535 ------------------------------- - - 648 Construction work-in-progress - - 11 ------------------------------- - - 659 ------------------------------- Investments Associated companies - (949) 55 Independent power production - - 275 Natural gas transmission, storage and marketing - - 193 Other - - 15 ------------------------------- - (949) 538 ------------------------------- Current Assets Cash and temporary cash investments - - 42 Accounts receivable 10 (16) 142 Accrued revenues - - 38 Materials and supplies - - 11 Prepayments and other - - 20 ------------------------------- 10 (16) 253 ------------------------------- Non-current Assets Postretirement benefits - - - Other - - 140 ------------------------------- - - 140 ------------------------------- Total Assets $ 10 $ (965) $1,590 =============================== (3) Represents CMS Enterprises Company, CMS Electric Marketing Company, KJL Limited, Inc. and Monarch Management Company consolidated with CMS NOMECO Oil and Gas Company, CMS Generation Company, CMS Utility Services, Inc., CMS Land Company, CMS Capital Corporation, CMS Gas Marketing Company and CMS Gas Transmission Company included on the equity method of accounting.
CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1995 (In Millions)
CMS NOMECO CMS CMS CMS Gas CMS Oil and Generation Utility CMS CMS Gas Transmission Enterprises Gas Co. Co. Services Land Marketing Company Company(3) Consol. Consol. Inc. Company Company Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 833 173 413 6 8 2 224 Revaluation capital 14 - (9) - - - - Retained earnings (93) 176 (75) (3) 8 4 12 -------------------------------------------------------------------------------- 754 349 329 3 16 6 236 Preferred stock 249 - - - - - - Long-term debt - 187 23 - 10 - 12 Non-current capital leases - 1 1 - - - - -------------------------------------------------------------------------------- 1,003 537 353 3 26 6 248 -------------------------------------------------------------------------------- Current Liabilities Current portion of long-term debt - 4 110 - - - 2 Current capital leases - 1 - - - - - Notes payable 2 - 1 - - - 9 Accounts payable - 61 12 1 - 24 5 Accounts payable - related parties 2 - 3 - - 1 - Accrued interest - 2 2 - 3 - - Accrued taxes 1 2 1 - - - 3 Other 4 3 9 - - - - -------------------------------------------------------------------------------- 9 73 138 1 3 25 19 -------------------------------------------------------------------------------- Non-current Liabilities Postretirement benefits 1 4 3 1 - - 1 Deferred income taxes (4) 51 21 (1) 2 - 4 Deferred investment tax credit - - 2 - - - - Other - 6 9 - - - 1 -------------------------------------------------------------------------------- (3) 61 35 - 2 - 6 -------------------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $1,009 $ 671 $ 526 $ 4 $ 31 $ 31 $ 273 ================================================================================ (Continued on Following Page)
CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1995 (In Millions) (Continued from Previous Page)
Monarch Inter- CMS CMS Manage- company Enterprises Capital ment Elimina- Company Corp. Company tions Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - Other paid-in-capital 16 2 (844) 833 Revaluation capital - - 9 14 Retained earnings (7) - (115) (93) -------------------------------------------- 9 2 (950) 754 Preferred stock - - - 249 Long-term debt - - - 232 Non-current capital leases - - - 2 -------------------------------------------- 9 2 (950) 1,237 -------------------------------------------- Current Liabilities Current portion of long-term debt - - - 116 Current capital leases - - - 1 Notes payable 1 - (13) - Accounts payable - (2) 1 102 Accounts payable - related parties - - (3) 3 Accrued interest - - - 7 Accrued taxes - - - 7 Other - - - 16 -------------------------------------------- 1 (2) (15) 252 -------------------------------------------- Non-current Liabilities Postretirement benefits - - - 10 Deferred income taxes - - - 73 Deferred investment tax credit - - - 2 Other - - - 16 -------------------------------------------- - - - 101 -------------------------------------------- Total Stockholders' Equity and Liabilities $ 10 $ - $ (965) $1,590 ============================================ (3) Represents CMS Enterprises Company, CMS Electric Marketing Company and KJL Limited, Inc. consolidated with CMS NOMECO Oil and Gas Company, CMS Generation Company, CMS Utility Services, Inc., CMS Land Company, CMS Capital Corporation, CMS Gas Marketing Company, CMS Gas Transmission Company and Monarch Management Company included on the equity method of accounting.
CMS NOMECO OIL AND GAS COMPANY Consolidating Balance Sheet - Assets December 31, 1995 (In Millions)
Explota- CMS NOMECO CMS CMS CMS CMS NOMECO NOMECO ciones Inter- NOMECO NOMECO NOMECO Oil and Gas Australia Nomeco national Ecuador Venezuela Interna. Company(4) Pty. Ltd. Inc. Ltd. LDC LDC Inc. Consol. Plant and Property (At Cost) Oil and gas properties $ 778 $ 1 $ 32 $ - $ 111 $ 7 $ 56 Other - - - - - - - -------------------------------------------------------------------------------- 778 1 32 - 111 7 56 Less accumulated depreciation, depletion and amortization 499 - 2 - 8 - 3 -------------------------------------------------------------------------------- 279 1 30 - 103 7 53 Construction work-in-progress - - - - - - - -------------------------------------------------------------------------------- 279 1 30 - 103 7 53 -------------------------------------------------------------------------------- Investments Associated companies 208 - - 117 - - - Other - 2 - - - - - -------------------------------------------------------------------------------- 208 2 - 117 - - - -------------------------------------------------------------------------------- Current Assets Cash and temporary cash investments - - 1 - - 1 11 Accounts receivable 74 - - - (7) - 18 Accrued revenues 10 - - - 17 1 2 Materials and supplies - - - - - - 2 Prepayments and other 3 - - - - - 3 -------------------------------------------------------------------------------- 87 - 1 - 10 2 36 -------------------------------------------------------------------------------- Non-current Assets Postretirement benefits - - - - - - - Other 14 - - - - - - -------------------------------------------------------------------------------- 14 - - - - - - -------------------------------------------------------------------------------- Total Assets $ 588 $ 3 $ 31 $ 117 $ 113 $ 9 $ 89 ================================================================================ (Continued on Following Page)
CMS NOMECO OIL AND GAS COMPANY Consolidating Balance Sheet - Assets December 31, 1995 (In Millions) (Continued from Previous Page)
CMS NOMECO CMS Equatorial CMS NOMECO NOMECO NOMECO Guinea Terra NOMECO Colombia PNG Oil China Oil Oil & Gas Energy, Holdings Oil Co. Company Co. Ltd. Ltd. Company Plant and Property (At Cost) Oil and gas properties $ - $ - $ 13 $ 68 $ - $ 8 Other - - - - - - -------------------------------------------------------------------- - - 13 68 - 8 Less accumulated depreciation, depletion and amortization - - 3 2 - 8 -------------------------------------------------------------------- - - 10 66 - - Construction work-in-progress - - - - - - -------------------------------------------------------------------- - - 10 66 - - -------------------------------------------------------------------- Investments Associated companies - - - - 1 - Other - - - 1 - - -------------------------------------------------------------------- - - - 1 1 - -------------------------------------------------------------------- Current Assets Cash and temporary cash investments - - - - - - Accounts receivable 1 1 1 26 2 6 Accrued revenues - - 1 6 - 1 Materials and supplies - - - - - - Prepayments and other - - 1 6 - - -------------------------------------------------------------------- 1 1 3 38 2 7 -------------------------------------------------------------------- Non-current Assets Postretirement benefits - - - - - - Other - - - 7 - - -------------------------------------------------------------------- - - - 7 - - -------------------------------------------------------------------- Total Assets $ 1 $ 1 $ 13 $ 112 $ 3 $ 7 -------------------------------------------------------------------- (Continued on Following Page)
CMS NOMECO OIL AND GAS COMPANY Consolidating Balance Sheet - Assets December 31, 1995 (In Millions) (Continued from Previous Page)
Inter- CMS NOMECO company Oil and Gas Elimina- Company tions Consol. Plant and Property (At Cost) Oil and gas properties $ - $1,074 Other - - ------------------- - 1,074 Less accumulated depreciation, depletion and amortization - 525 ------------------- - 549 Construction work-in-progress - - ------------------- - 549 ------------------- Investments Associated companies (326) - Other - 3 ------------------- (326) 3 ------------------- Current Assets Cash and temporary cash investments - 13 Accounts receivable (90) 32 Accrued revenues - 38 Materials and supplies - 2 Prepayments and other - 13 ------------------- (90) 98 ------------------- Non-current Assets Postretirement benefits - - Other - 21 ------------------- - 21 ------------------- Total Assets $ (416) $ 671 =================== (4) Represents CMS NOMECO Oil and Gas Company, NOMECO Thailand Oil Company, CMS NOMECO Pipeline Company, NOMECO Exploration (Thailand) Limited, CMS NOMECO Peru Company and CMS NOMECO International Venezuela, Inc. consolidated with CMS NOMECO International, Inc. included on the equity method of accounting.
CMS NOMECO OIL AND GAS COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1995 (In Millions)
Explota- CMS CMS NOMECO CMS CMS NOMECO NOMECO ciones Terra NOMECO Inter- NOMECO Oil and Gas Australia Nomeco Energy, Ecuador national Interna. Company(4) Pty. Ltd. Inc. Ltd. LDC Ltd. Inc. Consol Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ 1 $ - Other paid-in-capital 175 - 30 63 108 56 35 Retained earnings 176 1 - 3 3 (4) 4 -------------------------------------------------------------------------------- 351 1 30 66 111 53 39 Preferred stock - - - - - - - Long-term debt 177 - - - - - 8 Non-current capital leases - - - 1 - - - -------------------------------------------------------------------------------- 528 1 30 67 111 53 47 -------------------------------------------------------------------------------- Current Liabilities Current portion of long-term debt - - - - - - 3 Current capital leases - - - 1 - - - Notes payable - 1 - - - 58 - Accounts payable 5 - - 32 1 - 22 Accounts payable - related parties 3 1 - - - - 14 Accrued interest 2 - - - - 6 - Accrued taxes - - - - - - 1 Other 2 - - 1 - - - -------------------------------------------------------------------------------- 12 2 - 34 1 64 40 -------------------------------------------------------------------------------- Non-current Liabilities Postretirement benefits 4 - - - - - - Deferred income taxes 42 - 1 7 1 - 2 Deferred investment tax credit - - - - - - - Other 2 - - 4 - - - -------------------------------------------------------------------------------- 48 - 1 11 1 - 2 -------------------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $ 588 $ 3 $ 31 $ 112 $ 113 $ 117 $ 89 ================================================================================ (Continued on Following Page)
CMS NOMECO OIL AND GAS COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1995 (In Millions) (Continued from Previous Page)
CMS NOMECO CMS Equatorial NOMECO NOMECO CMS NOMECO NOMECO Guinea Exploration NOMECO Colombia NOMECO PNG Oil China Oil Oil & Gas (Thailand) Holdings Oil Venezuela Co. Company Co. Limited Ltd. Company LDC Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 1 3 - 7 (1) 29 8 Retained earnings (1) (2) 4 (7) 4 (21) - -------------------------------------------------------------------------------- - 1 4 - 3 8 8 Preferred stock - - - - - - - Long-term debt - - 2 - - - - Non-current capital leases - - - - - - - -------------------------------------------------------------------------------- - 1 6 - 3 8 8 -------------------------------------------------------------------------------- Current Liabilities Current portion of long-term debt - - 1 - - - - Current capital leases - - - - - - - Notes payable - - 4 - - - - Accounts payable - - - - - - 1 Accounts payable - related parties - - - - - 3 - Accrued interest - - - - - - - Accrued taxes 1 - - - - - - Other - - - - - - - -------------------------------------------------------------------------------- 1 - 5 - - 3 1 -------------------------------------------------------------------------------- Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - - 2 - - (4) - Deferred investment tax credit - - - - - - - Other - - - - - - - -------------------------------------------------------------------------------- - - 2 - - (4) - -------------------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $ 1 $ 1 $ 13 $ - $ 3 $ 7 $ 9 ================================================================================ (Continued on Following Page)
CMS NOMECO OIL AND GAS COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1995 (In Millions) (Continued from Previous Page)
Inter- CMS NOMECO company Oil and Gas Elimina- Company tions Consol. Capitalization Common Stockholders' Equity Common stock $ (1) $ - Other paid-in-capital (341) 173 Retained earnings 16 176 ------------------- (326) 349 Preferred stock - - Long-term debt - 187 Non-current capital leases - 1 ------------------- (326) 537 ------------------- Current Liabilities Current portion of long-term debt - 4 Current capital leases - 1 Notes payable (63) - Accounts payable - 61 Accounts payable - related parties (21) - Accrued interest (6) 2 Accrued taxes - 2 Other - 3 ------------------- (90) 73 ------------------- Non-current Liabilities Postretirement benefits - 4 Deferred income taxes - 51 Deferred investment tax credit - - Other - 6 ------------------- - 61 ------------------- Total Stockholders' Equity and Liabilities $ (416) $ 671 =================== (4) Represents CMS NOMECO Oil and Gas Company, NOMECO Thailand Oil Company, CMS NOMECO Pipeline Company, CMS NOMECO International Venezuela, Inc., CMS NOMECO Peru Company and NOMECO Argentina LDC consolidated with CMS NOMECO International, Inc. included on the equity method of accounting.
CMS NOMECO INTERNATIONAL, INC. Consolidating Balance Sheet - Assets December 31, 1995 (In Millions)
CMS Walter CMS Walter Walter Inter- CMS NOMECO International NOMECO International Inter- company NOMECO International Congo Inter. Eq. Tunisia national Elimina- Interna. Inc.(5) Inc. Guinea, Inc. Inc. Alba LPG tions Inc. Consol. Plant and Property (At Cost) Oil and gas properties $ 7 $ 34 $ 9 $ 3 $ 3 $ - $ 56 Other - - - - - - - -------------------------------------------------------------------------------- 7 34 9 3 3 - 56 Less accumulated depreciation, depletion and amortization - 2 1 - - - 3 -------------------------------------------------------------------------------- 7 32 8 3 3 - 53 Construction work-in-progress - - - - - - - -------------------------------------------------------------------------------- 7 32 8 3 3 - 53 -------------------------------------------------------------------------------- Investments Associated companies 40 - - - - (40) - Other - - - - - - - -------------------------------------------------------------------------------- 40 - - - - (40) - -------------------------------------------------------------------------------- Current Assets Cash and temporary cash investments 7 3 1 - - - 11 Accounts receivable 7 12 5 - - (6) 18 Accrued revenues - 2 - - - - 2 Materials and supplies - 2 - - - - 2 Prepayments and other - 3 - - - - 3 -------------------------------------------------------------------------------- 14 22 6 - - (6) 36 -------------------------------------------------------------------------------- Non-current Assets Postretirement benefits - - - - - - - Other - - - - - - - -------------------------------------------------------------------------------- - - - - - - - -------------------------------------------------------------------------------- Total Assets $ 61 $ 54 $ 14 $ 3 $ 3 $ (46) $ 89 ================================================================================ (5) Represents CMS NOMECO International, Inc. and Walter International Transportation, Inc. consolidated.
CMS NOMECO INTERNATIONAL, INC. Consolidating Balance Sheet - Equity and Liabilities December 31, 1995 (In Millions)
CMS Walter CMS Walter Walter Inter CMS NOMECO International NOMECO International Inter- company NOMECO International Congo Inter. Eq. Tunisia national Elimina- Interna. Inc.(5) Inc. Guinea, Inc. Inc. Alba LPG tions Inc. Consol Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 35 28 6 - 1 (35) 35 Retained earnings 4 3 2 - - (5) 4 -------------------------------------------------------------------------------- 39 31 8 - 1 (40) 39 Preferred stock - - - - - - - Long-term debt - 6 2 - - - 8 Non-current capital leases - - - - - - - -------------------------------------------------------------------------------- 39 37 10 - 1 (40) 47 -------------------------------------------------------------------------------- Current Liabilities Current portion of long-term debt - 2 1 - - - 3 Current capital leases - - - - - - - Notes payable - - - - - - - Accounts payable 3 19 - - - - 22 Accounts payable - related parties 19 (6) 2 3 2 (6) 14 Accrued interest - - - - - - - Accrued taxes - 1 - - - - 1 Other - - - - - - - -------------------------------------------------------------------------------- 22 16 3 3 2 (6) 40 -------------------------------------------------------------------------------- Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - 1 1 - - - 2 Deferred investment tax credit - - - - - - - Other - - - - - - - -------------------------------------------------------------------------------- - 1 1 - - - 2 -------------------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $ 61 $ 54 $ 14 $ 3 $ 3 $ (46) $ 89 ================================================================================ (5) Represents CMS NOMECO International, Inc. and Walter International Transportation, Inc. consolidated.
CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 1995 (In Millions)
CMSG CMSG CMSG CMSG CMS Honey Filer CMSG Grayling CMSG Mon Generation Lake City Grayling Holdings Operating Valley Co.(6) Company Inc. Company Company Company Company Plant and Property (At Cost) Independent power production $ - $ - $ - $ - $ - $ - $ - Less accumulated depreciation, depletion and amortization - - - - - - - -------------------------------------------------------------------------------- - - - - - - - Construction work-in-progress - - - - - - - -------------------------------------------------------------------------------- - - - - - - - -------------------------------------------------------------------------------- Investments Associated companies 305 - - - - - - Other 36 27 12 1 9 - - -------------------------------------------------------------------------------- 341 27 12 1 9 - - -------------------------------------------------------------------------------- Current Assets Cash and temporary cash investments 6 - - - 1 - - Accounts receivable 50 1 2 - - 4 - Materials and supplies - - - - - - - Prepayments and other - - - - - - - -------------------------------------------------------------------------------- 56 1 2 - 1 4 - -------------------------------------------------------------------------------- Non-current Assets Postretirement benefits - - - - - - - Other 55 - - 3 - - 1 -------------------------------------------------------------------------------- 55 - - 3 - - 1 -------------------------------------------------------------------------------- Total Assets $ 452 $ 28 $ 14 $ 4 $ 10 $ 4 $ 1 ================================================================================ (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 1995 (In Millions) (Continued from Previous Page)
CMSG Mid- CMSG HYDRA-CO Resource CMS CMSG Michigan Invest. CMSG Enter- Development Generation Recycling Recycling Company Cebu prises Company S.A. Company L.L.C. I LDC Consol. Plant and Property (At Cost) Independent power production $ - $ - $ - $ 2 $ - $ - $ - Less accumulated depreciation, depletion and amortization - - - 1 - - - -------------------------------------------------------------------------------- - - - 1 - - - Construction work-in-progress - - - - - - - -------------------------------------------------------------------------------- - - - 1 - - - -------------------------------------------------------------------------------- Investments Associated companies - - 2 - 10 - - Other - 48 - - 1 8 119 -------------------------------------------------------------------------------- - 48 2 - 11 8 119 -------------------------------------------------------------------------------- Current Assets Cash and temporary cash investments - - - - - - 13 Accounts receivable 4 1 - 1 (1) - 16 Materials and supplies - - - - - - - Prepayments and other - - - - - - - -------------------------------------------------------------------------------- 4 1 - 1 (1) - 29 -------------------------------------------------------------------------------- Non-current Assets Postretirement benefits - - - - - - - Other - - - 3 - 1 41 -------------------------------------------------------------------------------- - - - 3 - 1 41 -------------------------------------------------------------------------------- Total Assets $ 4 $ 49 $ 2 $ 5 $ 10 $ 9 $ 189 ================================================================================ (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 1995 (In Millions) (Continued from Previous Page)
Oxford Centrales Oxford/ Inter- CMS CMSG Tire Termicas CMSG CMS company Generation Holdings Supply Mendoza Pinamucan Development Elimina- Company Company Inc. S.A. LDC L.P. tions Consol. Plant and Property (At Cost) Independent power production $ - $ 1 $ 35 $ - $ 3 $ - $ 41 Less accumulated depreciation, depletion and amortization - - - - - - 1 -------------------------------------------------------------------------------- - 1 35 - 3 - 40 Construction work-in-progress - - - - - - - -------------------------------------------------------------------------------- - 1 35 - 3 - 40 -------------------------------------------------------------------------------- Investments Associated companies 1 - - - - (318) - Other 7 - - - 7 - 275 -------------------------------------------------------------------------------- 8 - - - 7 (318) 275 -------------------------------------------------------------------------------- Current Assets Cash and temporary cash investments 1 - 1 1 - - 23 Accounts receivable 3 1 19 - 1 (36) 66 Materials and supplies - - 8 - - - 8 Prepayments and other - 1 2 - - - 3 -------------------------------------------------------------------------------- 4 2 30 1 1 (36) 100 -------------------------------------------------------------------------------- Non-current Assets Postretirement benefits - - - - - - - Other 4 - 13 - - (10) 111 -------------------------------------------------------------------------------- 4 - 13 - - (10) 111 -------------------------------------------------------------------------------- Total Assets $ 16 $ 3 $ 78 $ 1 $ 11 $ (364) $ 526 ================================================================================ (6) Represents CMS Generation Company, CMSG GP Company, CMSG Filer City Operating Company, CMS Midland II, CMSG Altoona Company, CMSG Genesee Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, CMSG Investment Company II, CMSG Investment Company III, CMSG Cebu Operating LDC Company, CMSG Montreal Company, CMSG Operating S.A., Cuyana S.A. de Inversiones and OTR of Massachusetts, Inc. consolidated with HYDRA-CO Enterprises, Inc. included on the equity method of accounting.
CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1995 (In Millions)
CMSG CMSG CMSG CMSG CMS Honey Filer CMSG Grayling CMSG Mon Generation Lake City Grayling Holdings Operating Valley Co.(6) Company Inc. Company Company Company Company Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 413 6 6 4 7 3 - Revaluation capital (9) - - - - - - Retained earnings (76) 9 3 - 1 - - -------------------------------------------------------------------------------- 328 15 9 4 8 3 - Preferred stock - - - - - - - Long-term debt - - - - - - - Non-current capital leases - - - - - - - -------------------------------------------------------------------------------- 328 15 9 4 8 3 - -------------------------------------------------------------------------------- Current Liabilities Current portion of long-term debt 110 - - - - - - Current capital leases - - - - - - - Notes payable - - 1 - - - - Accounts payable 5 - - - - - - Accounts payable - related parties 8 - - - - - 1 Accrued interest 2 - - - - - - Accrued taxes (12) 3 1 - (1) - - Other 5 - - - - - - -------------------------------------------------------------------------------- 118 3 2 - (1) - 1 -------------------------------------------------------------------------------- Non-current Liabilities Postretirement benefits 2 - - - - 1 - Deferred income taxes 4 8 3 - 3 - - Deferred investment tax credit - 2 - - - - - Other - - - - - - - -------------------------------------------------------------------------------- 6 10 3 - 3 1 - -------------------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $ 452 $ 28 $ 14 $ 4 $ 10 $ 4 $ 1 ================================================================================ (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1995 (In Millions) (Continued from Previous Page)
CMSG Mid- CMSG HYDRA-CO Resource CMS CMSG Michigan Invest. CMSG Enter- Development Generation Recycling Recycling Company Cebu prises Company S.A. Company L.L.C. I LDC Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 3 45 3 5 10 9 176 Revaluation capital - - - - - - - Retained earnings - 3 - (1) - - 5 -------------------------------------------------------------------------------- 3 48 3 4 10 9 181 Preferred stock - - - - - - - Long-term debt - - - - - - - Non-current capital leases - - - 1 - - - -------------------------------------------------------------------------------- 3 48 3 5 10 9 181 -------------------------------------------------------------------------------- Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable - - - - - - - Accounts payable - - - - - - - Accounts payable - related parties - 1 - - - - - Accrued interest - - - - - - - Accrued taxes - - (1) - - - 5 Other 1 - - - - - 3 -------------------------------------------------------------------------------- 1 1 (1) - - - 8 -------------------------------------------------------------------------------- Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - - - - - - - Deferred investment tax credit - - - - - - - Other - - - - - - - -------------------------------------------------------------------------------- - - - - - - - -------------------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $ 4 $ 49 $ 2 $ 5 $ 10 $ 9 $ 189 ================================================================================ (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1995 (In Millions) (Continued from Previous Page)
Oxford Centrales Oxford/ Inter- CMS CMSG Tire Termicas CMSG CMS company Generation Holdings Supply Mendoza Pinamucan Development Elimina- Company Company Inc. S.A. LDC L.P. tions Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 2 3 12 1 11 (306) 413 Revaluation capital - - - - - - (9) Retained earnings (2) (3) (2) - - (12) (75) -------------------------------------------------------------------------------- - - 10 1 11 (318) 329 Preferred stock - - - - - - - Long-term debt 10 - 23 - - (10) 23 Non-current capital leases - - - - - - 1 -------------------------------------------------------------------------------- 10 - 33 1 11 (328) 353 -------------------------------------------------------------------------------- Current Liabilities Current portion of long-term debt - - - - - - 110 Current capital leases - - - - - - - Notes payable - - 21 - - (21) 1 Accounts payable - - 6 - - 1 12 Accounts payable - related parties - 2 2 - - (11) 3 Accrued interest 3 - 2 - - (5) 2 Accrued taxes - - 6 - - - 1 Other - - - - - - 9 -------------------------------------------------------------------------------- 3 2 37 - - (36) 138 -------------------------------------------------------------------------------- Non-current Liabilities Postretirement benefits - - - - - - 3 Deferred income taxes 3 - - - - - 21 Deferred investment tax credit - - - - - - 2 Other - 1 8 - - - 9 -------------------------------------------------------------------------------- 3 1 8 - - - 35 -------------------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $ 16 $ 3 $ 78 $ 1 $ 11 $ (364) $ 526 ================================================================================ (6) Represents CMS Generation Company, CMSG GP Company, CMSG Filer City Operating Company, CMS Midland II, CMSG Altoona Company, CMSG Genesee Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, CMSG Investment Company II, CMSG Investment Company III, CMSG Cebu Operating LDC Company, CMSG Montreal Company, CMSG Operating S.A., Cuyana S.A. de Inversiones, CMSG San Nicolas Company, OTR of Massachusetts, Inc., OTR of Bloomfield, Inc. and OTR Southern California, Inc. consolidated with HYDRA-CO Enterprises, Inc. included on the equity method of accounting.
HYDRA-CO ENTERPRISES, INC. Consolidating Balance Sheet - Assets December 31, 1995 (In Millions)
HYDRO-CO HCE New HCE Inter- HYDRA-CO Enter- HCE Appo- Bern Rockfort company Enter- prises Hudson, mattox, Project Diesel, Elimina- prises Inc.(7) Inc. Inc. Mgt. Inc. Inc. tions Consol. Plant and Property (At Cost) Independent power production $ - $ - $ - $ - $ - $ - $ - Less accumulated depreciation, depletion and amortization - - - - - - - -------------------------------------------------------------------------------- - - - - - - - Construction work-in-progress - - - - - - - -------------------------------------------------------------------------------- - - - - - - - -------------------------------------------------------------------------------- Investments Associated companies 22 - - - - (22) - Other 105 8 2 1 3 - 119 -------------------------------------------------------------------------------- 127 8 2 1 3 (22) 119 -------------------------------------------------------------------------------- Current Assets Cash and temporary cash investments 13 - - - - - 13 Accounts receivable 20 1 - - - (5) 16 Materials and supplies - - - - - - - Prepayments and other - - - - - - - -------------------------------------------------------------------------------- 33 1 - - - (5) 29 -------------------------------------------------------------------------------- Non-current Assets Postretirement benefits - - - - - - - Other 41 - - - - - 41 -------------------------------------------------------------------------------- 41 - - - - - 41 -------------------------------------------------------------------------------- Total Assets $ 201 $ 9 $ 2 $ 1 $ 3 $ (27) $ 189 ================================================================================ (7) Represents HYDRA-CO Enterprises, Inc., HCE Imperial Valley, Inc., HCE Jamaica Development, Inc., HCE Lakewood, Inc., Lakewood Project Management Inc. and HYDRA-CO Generation Inc. consolidated.
HYDRO-CO ENTERPRISES, INC. Consolidating Balance Sheet - Equity and Liabilities December 31, 1995 (In Millions)
HYDRO-CO HCE New HCE Inter- HYDRA-CO Enter- HCE Appo- Bern Rockfort company Enter- prises Hudson, mattox, Project Diesel, Elimina- prises Inc.(7) Inc. Inc. Mgt. Inc. Inc. tions Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 183 7 2 - 3 (19) 176 Revaluation capital - - - - - - - Retained earnings 5 2 - 1 - (3) 5 -------------------------------------------------------------------------------- 188 9 2 1 3 (22) 181 Preferred stock - - - - - - - Long-term debt - - - - - - - Non-current capital leases - - - 1 - - - -------------------------------------------------------------------------------- 188 9 2 1 3 (22) 181 -------------------------------------------------------------------------------- Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable - - - - - - - Accounts payable - - - - - - - Accounts payable - related parties 4 - - - - (4) - Accrued interest - - - - - - - Accrued taxes 5 - - - - - 5 Other 3 - - - - - 3 -------------------------------------------------------------------------------- 12 - - - - (4) 8 -------------------------------------------------------------------------------- Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - - - - - - - Deferred investment tax credit - - - - - - - Other 1 - - - - (1) - -------------------------------------------------------------------------------- 1 - - - - (1) - -------------------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $ 201 $ 9 $ 2 $ 1 $ 3 $ (27) $ 189 ================================================================================ (7) Represents HYDRA-CO Enterprises, Inc., HCE Imperial Valley, Inc., HCE Jamaica Development, Inc., HCE Lakewood, Inc., Lakewood Project Management Inc. and HYDRA-CO Generation Inc. consolidated.
CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Balance Sheet - Assets December 31, 1995 (In Millions)
CMS CMS CMS CMS CMS CMS Gas CMS Saginaw Saginaw Gulf Coast Gas Jackson Transmission Antrim Bay Bay Lat. Storage Argentina Pipeline Company(8) Company Company Company Company Company Company Plant and Property (At Cost) Natural gas transmission and storage $ 8 $ 30 $ - $ - $ - $ - $ 11 Other - - - - - - - -------------------------------------------------------------------------------- 8 30 - - - - 11 Less accumulated depreciation, depletion and amortization 1 3 - - - - 2 -------------------------------------------------------------------------------- 7 27 - - - - 9 Construction work-in-progress 3 8 - - - - - -------------------------------------------------------------------------------- 10 35 - - - - 9 -------------------------------------------------------------------------------- Investments Associated companies 207 14 - - - - - Other 11 - 13 3 25 141 - -------------------------------------------------------------------------------- 218 14 13 3 25 141 - -------------------------------------------------------------------------------- Current Assets Cash and temporary cash investments 1 - - - - - 1 Accounts receivable 13 1 1 - - - - Materials and supplies - 1 - - - - - Prepayments and other - 1 - - - - - -------------------------------------------------------------------------------- 14 3 1 - - - 1 -------------------------------------------------------------------------------- Non-current Assets Postretirement benefits - - - - - - - Other 8 - - - - - - -------------------------------------------------------------------------------- 8 - - - - - - -------------------------------------------------------------------------------- Total Assets $ 250 $ 52 $ 14 $ 3 $ 25 $ 141 $ 10 ================================================================================ (Continued on Following Page)
CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Balance Sheet - Assets December 31, 1995 (In Millions) (Continued from Previous Page)
Inter- CMS Gas company Transmission Elimina- Company tions Consol. Plant and Property (At Cost) Natural gas transmission and storage $ - $ 49 Other - - ------------------- - 49 Less accumulated depreciation, depletion and amortization - 6 ------------------- - 43 Construction work-in-progress - 11 ------------------- - 54 ------------------- Investments Associated companies (221) - Other - 193 ------------------- (221) 193 ------------------- Current Assets Cash and temporary cash investments - 2 Accounts receivable (1) 14 Materials and supplies - 1 Prepayments and other - 1 ------------------- (1) 18 ------------------- Non-current Assets Postretirement benefits - - Other - 8 ------------------- - 8 ------------------- Total Assets $ (222) $ 273 =================== (8) Represents CMS Gas Transmission and Storage Company, CMS Grands Lacs Holding Company and CMS Specialty Gas Processors Company consolidated.
CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1995 (In Millions)
CMS CMS CMS CMS CMS CMS Gas CMS Saginaw Saginaw Gulf Coast Gas Jackson Transmission Antrim Bay Bay Lat. Storage Argentina Pipeline Company(8) Company Company Company Company Company Company Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 224 35 4 2 24 136 2 Retained earnings 12 11 1 - 1 4 1 -------------------------------------------------------------------------------- 236 46 5 2 25 140 3 Preferred stock - - - - - - - Long-term debt - 1 6 - - - 5 Non-current capital leases - - - - - - - -------------------------------------------------------------------------------- 236 47 11 2 25 140 8 -------------------------------------------------------------------------------- Current Liabilities Current portion of long-term debt - 1 1 - - - - Current capital leases - - - - - - - Notes payable 9 - - - - - - Accounts payable 2 3 - - - - - Accounts payable - related parties - - - - - 1 - Accrued interest - - - - - - - Accrued taxes 2 1 - - - - - Other - - - - - - - -------------------------------------------------------------------------------- 13 5 1 - - 1 - -------------------------------------------------------------------------------- Non-current Liabilities Postretirement benefits 1 - - - - - - Deferred income taxes - - 2 1 - - 1 Deferred investment tax credit - - - - - - - Other - - - - - - 1 -------------------------------------------------------------------------------- 1 - 2 1 - - 2 -------------------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $ 250 $ 52 $ 14 $ 3 $ 25 $ 141 $ 10 ================================================================================ (Continued on Following Page)
CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1995 (In Millions) (Continued from Previous Page)
Inter- CMS Gas company Transmission Elimina- Company tions Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - Other paid-in-capital (203) 224 Retained earnings (18) 12 ------------------- (221) 236 Preferred stock - - Long-term debt - 12 Non-current capital leases - - ------------------- (221) 248 ------------------- Current Liabilities Current portion of long-term debt - 2 Current capital leases - - Notes payable - 9 Accounts payable - 5 Accounts payable - related parties (1) - Accrued interest - - Accrued taxes - 3 Other - - ------------------- (1) 19 ------------------- Non-current Liabilities Postretirement benefits - 1 Deferred income taxes - 4 Deferred investment tax credit - - Other - 1 ------------------- - 6 ------------------- Total Stockholders' Equity and Liabilities $ (222) $ 273 =================== (8) Represents CMS Gas Transmission and Storage Company, CMS Grands Lacs Holding Company and CMS Specialty Gas Processors Company consolidated.
CMS ENERGY CORPORATION Consolidating Statement of Retained Earnings December 31, 1995 (In Millions)
Consumers CMS Inter- Power Enterprises company CMS Energy CMS Energy Company Company Elimina- Corporation Corp.(1) Consol. Consol. tions Consol. Balance at January 1, 1995 $ (595) $ 80 $ (120) $ 40 $ (595) Net Income (Loss) 209 255 27 (259) 232 Less Dividends Paid Common Stock - CMS Energy 80 - - - 80 Class G 4 - - - 4 Preferred Stock - 28 14 (14) 28 Associated Companies 5 70 (14) (61) - -------------------------------------------------------- 89 98 - (75) 112 -------------------------------------------------------- Balance at December 31, 1995 $ (475) $ 237 $ (93) $ (144) $ (475) ======================================================== (1) Represents CMS Energy Corporation with Consumers Power Company and CMS Enterprises Company included on the equity method of accounting.
CONSUMERS POWER COMPANY Consolidating Statement of Retained Earnings December 31, 1995 (In Millions)
Michigan Huron CMS Inter- Consumers Consumers Gas Hydro- Midland CMS company Power Power Storage carbons Holdings Midland Elimina- Company Company(2) Company Inc. Company Inc. tions Consol. Balance at January 1, 1995 $ 80 $ 18 $ 2 $ 18 $ (17) $ (21) $ 80 Net Income (Loss) 255 3 1 6 19 (29) 255 Less Dividends Paid Common Stock - - - - - - - Preferred Stock 28 - - - - - 28 Associated Companies 70 - - - - - 70 -------------------------------------------------------------------------------- 98 - - - - - 98 -------------------------------------------------------------------------------- Balance at December 31, 1995 $ 237 $ 21 $ 3 $ 24 $ 2 $ (50) $ 237 ================================================================================ (2) Represents Consumers Power Company, CMS Engineering Company and ES Services Company consolidated with Michigan Gas Storage Company, CMS Midland Holdings Company, CMS Midland, Inc. and Huron Hydrocarbons, Inc. included on the equity method of accounting.
CMS ENTERPRISES COMPANY Consolidating Statement of Retained Earnings December 31, 1995 (In Millions)
CMS NOMECO CMS CMS CMS Oil and Generation Utility Monarch CMS Gas CMS Gas Enterprises Gas Co. Company Services Management Marketing Transmission Company(3) Consol. Consol. Inc. Company Company Company Balance at January 1, 1995 $ (120) $ 152 $ (74) $ (2) $ (2) $ 2 $ 5 Net Income (Loss) 41 24 (1) - 2 2 7 Less Dividends Paid Common Stock - - - - - - - Preferred Stock 14 - - - - - - Associated Companies - - - - - - - -------------------------------------------------------------------------------- 14 - - - - - - -------------------------------------------------------------------------------- Miscellaneous Adjustments - - - (1) - - - -------------------------------------------------------------------------------- Balance at December 31, 1995 $ (93) $ 176 $ (75) $ (3) $ - $ 4 $ 12 ================================================================================ (Continued on Following Page)
CMS ENTERPRISES COMPANY Consolidating Statement of Retained Earnings December 31, 1995 (In Millions) (Continued from Previous Page)
Inter- CMS CMS CMS company Enterprises Land Capital Elimina- Company Company Corp. tions Consol. Balance at January 1, 1995 $ 1 $ (1) $ (81) $ (120) Net Income (Loss) 7 - (41) 41 Less Dividends Paid Common Stock - - - - Preferred Stock - - - 14 Associated Companies - - - - -------------------------------------------- - - - 14 -------------------------------------------- Miscellaneous Adjustments - (6) 7 - -------------------------------------------- Balance at December 31, 1995 $ 8 $ (7) $ (115) $ (93) ============================================ (3) Represents CMS Enterprises Company, CMS Electric Marketing Company and KJL Limited, Inc. consolidated with CMS NOMECO Oil and Gas Company, CMS Generation Company, CMS Utility Services, Inc., CMS Land Company, CMS Capital Corporation, CMS Gas Marketing Company, CMS Gas Transmission Company and Monarch Management Company included on the equity method of accounting.
CMS NOMECO OIL AND GAS COMPANY Consolidating Statement of Retained Earnings December 31, 1995 (In Millions)
NOMECO NOMECO Equatorial NOMECO CMS NOMECO NOMECO Inter- NOMECO Guinea NOMECO Colombia Oil and Gas Australia national Ecuador Oil & Gas Holdings Oil Company(4) Pty. Ltd. Ltd. LDC Co. Ltd. Company Balance at January 1, 1995 $ 152 $ 1 $ (2) $ 1 $ 2 $ 5 $ (21) Net Income (Loss) 24 - (2) 2 2 (1) - Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - - - - - - - -------------------------------------------------------------------------------- - - - - - - - -------------------------------------------------------------------------------- Balance at December 31, 1995 $ 176 $ 1 $ (4) $ 3 $ 4 $ 4 $ (21) ================================================================================ (Continued on Following Page)
CMS NOMECO OIL AND GAS COMPANY Consolidating Statement of Retained Earnings December 31, 1995 (In Millions) (Continued from Previous Page)
NOMECO CMS Inter- CMS NOMECO Exploration NOMECO NOMECO Terra NOMECO company Oil and Gas (Thailand) China Oil PNG Oil Energy, Interna. Elimina- Company Limited Company Co. Ltd. Inc. Consol. tions Consol. Balance at January 1, 1995 $ (7) $ (2) $ (1) $ - $ - $ 24 $ 152 Net Income (Loss) - - - 3 4 (8) 24 Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - - - - - - - -------------------------------------------------------------------------------- - - - - - - - -------------------------------------------------------------------------------- Balance at December 31, 1995 $ (7) $ (2) $ (1) $ 3 $ 4 $ 16 $ 176 ================================================================================ (4) Represents CMS NOMECO Oil and Gas Company, NOMECO Thailand Oil Company, CMS NOMECO Pipeline Company, Explotaciones Nomeco Inc., NOMECO Venezuela LDC, CMS NOMECO International Venezuela, Inc., CMS NOMECO Peru Company and NOMECO Argentina LDC consolidated with CMS NOMECO International, Inc. included on the equity method of accounting.
CMS NOMECO INTERNATIONAL, INC. Consolidating Statement of Retained Earnings December 31, 1995 (In Millions)
CMS Walter CMS Inter- CMS NOMECO NOMECO International NOMECO company Oil and Gas International Congo Inter Eq. Elimina- Company Inc.(5) Inc. Guinea, Inc. tions Consol. Balance at January 1, 1995 $ - $ - $ - $ - $ - Net Income (Loss) 4 3 2 (5) 4 Less Dividends Paid Common Stock - - - - - Preferred Stock - - - - - Associated Companies - - - - - --------------------------------------------------------- - - - - - --------------------------------------------------------- Balance at December 31, 1995 $ 4 $ 3 $ 2 $ (5) $ 4 ========================================================= (5) Represents CMS NOMECO International, Inc., Walter International Tunisia, Inc., Walter International Alba LPG and Walter International Transportation, Inc. consolidated.
CMS GENERATION COMPANY Consolidating Statement of Retained Earnings December 31, 1995 (In Millions)
CMSG CMSG CMSG Oxford CMS Honey Filer CMSG Grayling CMSG Tire Generation Lake City Holdings Holdings Operating Supply Co.(6) Company Inc. Company Company Company Inc. Balance at January 1, 1995 $ (73) $ 7 $ 3 $ (1) $ 1 $ (1) $ (2) Net Income (Loss) (4) 4 3 (1) 1 1 (1) Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies 1 2 3 - 1 - - -------------------------------------------------------------------------------- 1 2 3 - 1 - - -------------------------------------------------------------------------------- Miscellaneous Adjustments 2 - - - - - - -------------------------------------------------------------------------------- Balance at December 31, 1995 $ (76) $ 9 $ 3 $ (2) $ 1 $ - $ (3) ================================================================================ (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Statement of Retained Earnings December 31, 1995 (In Millions) (Continued from Previous Page)
HYDRA-CO Centrales Mid- Inter- CMS CMS Enter- Termicas Michigan company Generation Generation prises Mendoza Recycling Elimina- Company S.A. Consol. S.A. L.L.C. tions Consol. Balance at January 1, 1995 $ 3 $ - $ - $ - $ (11) $ (74) Net Income (Loss) - 11 (1) (1) (13) (1) Less Dividends Paid Common Stock - - - - - - Preferred Stock - - - - - - Associated Companies - 6 - - (13) - ----------------------------------------------------------------------- - - - - (13) - ----------------------------------------------------------------------- Miscellaneous Adjustments - - (1) - (1) - ----------------------------------------------------------------------- Balance at December 31, 1995 $ 3 $ 5 $ (2) $ (1) $ (12) $ (75) ======================================================================= (6) Represents CMS Generation Company, CMSG GP Company, CMSG Filer City Operating Company, CMSG Grayling Company, CMSG Mon Valley Company, CMS Midland II, CMS Resource Development Company, CMSG Genesee Company, CMSG Recycling Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, CMSG Investment Company I, CMSG Investment Company II, CMSG Investment Company III, CMSG Pinamucan LDC, CMSG Cebu LDC, CMSG Cebu Operating LDC Company, CMSG Montreal Company, CMSG Operating S.A., Cuyana S.A. de Inversiones, OTR Northern California, Inc., OTR Southern California, Inc., OTR of Bloomfield, Inc., OTR of Massachusetts, Inc., Oxford/CMS Development L.P. and CMSG San Nicolas Company consolidated with HYDRA-CO Enterprises, Inc. included on the equity method of accounting.
HYDRA-CO ENTERPRISES, INC. Consolidating Statement of Retained Earnings December 31, 1995 (In Millions)
HYDRA-CO New Inter- HYDRO-CO Enter- HCE Bern company Enter- prises, Hudson, Project Elimina- prises Inc.(7) Inc. Mgt. Inc. tions Consol. Balance at January 1, 1995 $ - $ - $ - $ - $ - Net Income (Loss) 13 - - (2) 11 Less Dividends Paid Common Stock - - - - - Preferred Stock - - - - - Associated Companies 6 - - - 6 ------------------------------------------------------------ 6 - - - 6 ------------------------------------------------------------ Miscellaneous Adjustments (2) 2 1 (1) - ------------------------------------------------------------ Balance at December 31, 1995 $ 5 $ 2 $ 1 $ (3) $ 5 ============================================================ (7) Represents HYDRA-CO Enterprises, Inc., HCE Appomattox, Inc., HCE Rockfort Diesel, Inc., HCE Imperial Valley, Inc., HCE Jamaica Development, Inc., HCE Lakewood, Inc., Lakewood Project Management Inc. and HYDRA-CO Generation Inc. consolidated.
CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Statement of Retained Earnings December 31, 1995 (In Millions)
CMS CMS CMS CMS Inter CMS Gas CMS Saginaw Gas Gulf Coast Jackson Company Transmission Antrim Bay Argentina Storage Pipeline Elimina- Company(8) Company Company Company Company Company tions Balance at January 1, 1995 $ 5 $ 6 $ 1 $ - $ - $ 1 $ (8) Net Income (Loss) 7 5 - 4 1 1 (11) Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - - - - - 1 (1) -------------------------------------------------------------------------------- - - - - - 1 (1) -------------------------------------------------------------------------------- Balance at December 31, 1995 $ 12 $ 11 $ 1 $ 4 $ 1 $ 1 $ (18) ================================================================================ (Continued on Following Page)
CMS GAS TRANSMISSION AND STORAGE CORPORATION Consolidating Statement of Retained Earnings December 31, 1995 (In Millions) (Continued from Previous Page)
CMS Gas Transmission Company Consol. Balance at January 1, 1995 $ 5 Net Income (Loss) 7 Less Dividends Paid Common Stock - Preferred Stock - Associated Companies - ------- - ------- Balance at December 31, 1995 $ 12 ======= (8) Represents CMS Gas Transmission and Storage Company, CMS Saginaw Bay Lateral Company, CMS Grands Lacs Company and CMS Specialty Gas Processors Company consolidated.
EX-27 3 EXHIBIT B - FINANCIAL DATA SCHEDULE WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR3 1,000,000 YEAR DEC-31-1995 DEC-31-1995 PER-BOOK 8,143 3,890 204
EX-99 4 EXHIBIT C - ORGANIZATIONAL CHARTS EXHIBIT C An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. CENTRAL TERMICA SAN NICOLAS, S.A.: CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * .1% CMS Generation San Nicolas Company * * * .1% Inversora de San Nicolas, S.A. * * * 88% Central Termica San Nicolas, S.A. CMS Generation San Nicolas Company, owned .1% by CMS Generation Co., owns .1% of Inversora de San Nicolas, which in turn owns 88% of Central Termica San Nicolas, S.A., the EWG. 2 An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. HIDROELECTRICA EL CHOCON, S.A.: CMS Energy Corporation * * * CMS Enterprises Company * * * *** CMS Generation Co. * * * * * * (99%) * CMS Generation, S.A. * * * * * * 25% * Hidroinvest, S.A. * * * * * 2.48% * 59% *************** Hidroelectrica El Chocon, S.A. CMS Generation Co. directly owns 2.48% of Hidroelectrica El Chocon, S.A. CMS Generation, S.A., owned 99% by CMS Generation Co., owns 25% of Hidroinvest which in turn owns 59% of Hidroelectrica El Chocon, S.A., the EWG. 3 An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. LAKEWOOD COGENERATION, L.P. CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * -- HYDRA-CO Enterprises, Inc. Operating & | * * Maintenance | * * Agreement | * * | HCE-Lakewood, Inc. * | * * | * * | * 1% * 44% ------------- Lakewood Cogeneration, L.P. HYDRA-CO Enterprises, Inc., the wholly owned subsidiary of CMS Generation Co., owns 100% of HCE-Lakewood, which in turn owns 1% of Lakewood Cogeneration, L.P., the EWG. Additionally, HYDRA-CO Enterprises, Inc., directly owns 44% of Lakewood Cogeneration, L.P., the EWG. HYDRA-CO Enterprises, Inc., is also the operator of Lakewood Cogeneration, L.P., the EWG. 4 An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. TOLEDO POWER COMPANY CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * * * * CMS Generation Investment Co. I CMS Generation Investment Co. II * * 99% * 1% * * * * * * * * * * * * * 99% * * * 1% CMS Generation Cebu Limited CMS Generation Cebu Operating Duration Company Limited Duration Company * | * | Operator * 32.5% | Toledo Power Company CMS Generation Cebu Limited Duration Company, owned 99% by CMS Generation Investment Co. I and 1% by CMS Generation Investment Co. II, owns 32.5% of Toledo Power Company, the EWG. CMS Generation Cebu Operating Limited Duration Company is the operator of Toledo Power Company, the EWG. 5 An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system CENTRALES TERMICAS MENDOZA, S.A. CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * 99% * 99% CMS Operating, S.A. CMS Ensenada, S.A. | * * | * * | * 99% * 1% Operating & | Cuyana de Inversiones Maintenance | * Agreement | * | * 80.55% | Centrales Termicas Mendoza, S.A. CMS Operating, S.A., owned 99% by CMS Generation Co., owns 99% of Cuyana de Inversiones. CMS Ensenada, S.A., owned 99% by CMS Generation Co., owns 1% of Cuyana de Inversiones. Cuyana de Inversiones owns 80.55% of Centrales Termicas Mendoza, S.A., the EWG. CMS Operating, S.A., is also the operator of Centrales Termicas Mendoza, S.A., the EWG. -----END PRIVACY-ENHANCED MESSAGE-----