-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, BbbKKB+rk6c2ZxoPZFEKKGn5H+sWLSkG++gDUcApJ4oKVYAp3NSHYSseNmQnArwR drVqLKfdNqZP1sWeYXdPfQ== 0000201533-95-000022.txt : 19950302 0000201533-95-000022.hdr.sgml : 19950302 ACCESSION NUMBER: 0000201533-95-000022 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19941231 FILED AS OF DATE: 19950228 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: 95516177 BUSINESS ADDRESS: STREET 1: FAIRLANE PLZ SOUTH STE 1100 STREET 2: 330 TOWN CENTER DR CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 3134369261 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 27, 1995 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 $3.6 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 engaged in the acquisition and management of energy-related businesses and projects worldwide. CMS Energy Finance Corporation A Michigan corporation engaged as a Class A Limited Partner with CMS Energy Corporation as a General Partner in the CMS Energy Michigan Limited Partnership ("Partnership"). The Partnership proposes to issue and sell interests in the Partnership, including Preferred Partner interests, and use the proceeds of sales of interests in the Partnership 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, production, 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 ten 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 throughout the country. CMS Generation Co. is a member of a limited liability company, Mid-Michigan Recycling, L.C., and has thirty-four subsidiaries: 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 (a qualifying facility) under PURPA. 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 Limited 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 was formed to develop, construct, finance, own and operate a 35 megawatt (net) waste wood-fired electric generating facility located in Genesee County, Michigan. CMS Generation GP Company A Michigan corporation involved as General Partner in the development of various cogeneration projects. CMS Generation Grayling Company A Michigan corporation involved as General Partner in Grayling Generating Station Limited Partnership to develop, construct and operate a 34 megawatt (net) waste-wood fueled power plant and sawmill in Grayling, Michigan. CMS Generation Grayling Holdings Company A Michigan corporation involved as General Partner in Grayling Generating Station Limited Partnership to develop, construct and operate a 34 megawatt (net) waste-wood fueled power plant and sawmill in Grayling, Michigan. CMS Generation Holdings Company A Michigan corporation involved as Limited Partner in various proposed partnerships. CMS Generation Honey Lake Company A Michigan corporation with a General Partnership interest and a Limited Partnership interest in HL Power Company, a limited partnership which uses waste wood and geothermal fluid to generate a 30 megawatt (net) electric generating station in Lassan County, California. CMS Generation Investment Company I A Cayman Islands corporation involved as a holding company for CMS Generation overseas investments and has four subsidiaries: - CMS Generation Cebu Limited Duration Company - CMS Generation Cebu Operating Limited Duration Company - CMS Generation Pinamucan Limited Duration Company - CMS Generation Pinamucan Operating Limited Duration Company CMS Generation Investment Company II A Cayman Islands corporation engaged as a holding company for CMS Generation overseas investments. CMS Generation Investment Company III A Cayman Islands corporation 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. CMS Generation Lyonsdale Company A Michigan corporation involved as a General Partner in the Lyonsdale Energy Limited Partnership to develop, construct, finance and operate a 19 megawatt (net) waste wood-fired electric generating facility in Lyonsdale, New York. CMS Generation Montreal Company A Michigan corporation involved as a General Partner in a limited partnership to own and operate a waste wood recovery facility in the greater Montreal, Quebec, Canada area. CMS Generation Mon Valley Company A Michigan corporation involved as General Partner in the Mon Valley Energy Limited Partnership to develop, construct, finance and operate the Mon Valley Project, an 80 megawatt (net) coal fired cogeneration plant in Pennsylvania. CMS Generation Operating Company A Michigan corporation involved in the operation of various power plants including Genesee, Grayling, Modesto and Exeter. CMS Generation Recycling Company A Michigan corporation involved as a member of the Dore Recycling Limited Liability Company. CMS Generation S.A. An Argentina corporation formed to carry out on its own account or that of third parties investments or capital contributions in energy-related businesses located primarily in South America. CMS Generation San Nicolas Company A Michigan corporation involved in a partnership to operate a power plant in Argentina. CMS Operating, S.A. An Argentina corporation engaged to acquire, own and operate the Lujan de Cuyo and Crux de Pildra plants in Argentina. CMS Resource Development Company A Michigan corporation formed to pursue and develop varied power source outside the United States. 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 and has 17 subsidiaries: - HYDRA-CO Operations, Inc., has one subsidiary: - HCO-Jamaica, Inc. - HCE Ameghino, Inc. - HCE Appomattox, Inc. - HCE Argentina, Inc. - HCE Biopower, Inc. - HCE Dodge Falls, Inc. - HCE Hazelton, Inc. - HCE Hudson, Inc. - HCE Imperial Valley, Inc. - HCE Irwindale, Inc. - HCE Jamaica Development, Inc. - HCE Lakewood, Inc. - HCE Rockfort Diesel, Inc. - HYDRA-CO Energy, Inc. - HYDRA-CO Generation Inc. - Lakewood Project Management, Inc. - New Bern Energy Recovery, Inc. 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. 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 the Billage of McCook, Illinois. Metro East, L.L.C. (50% member) A Michigan limited liability company formed to develop and own a 60 megawatt (net) waste wood and waste coal fueled electric generating facility located in the City of Madison, Illinois. Mid-Michigan Recycling, L.L.C. (50% member) A Michigan limited liability company involved in supplying waste wood fuel to power plant facilities. 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 of Bloomfield, Inc. A Delaware corporation engaged in the acquisition, development and ownership of resource recovery and power generation facilities that utilize waste fuels. 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 Recycling, Inc. A Delaware corporation engaged in tire shredding, tire collection, tire disposal and related business activities. Oxford Tire Recycling, Inc. has two subsidiaries: - Oxford Tire Recycling of Northern California, Inc. - Oxford Tire Recycling of Southern California, Inc. 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 Co., L.L.C. (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. KJL Limited, Inc. A Delaware corporation that holds the equity ownership of aircraft currently leased by Consumers. CMS NOMECO Oil & Gas Co. A Michigan corporation engaged in exploration for and production of oil and natural gas in Michigan and other states and countries. NOMECO has fourteen subsidiaries: Explotaciones Nomeco, Inc. NOMECO Australia Pty. Limited NOMECO China Oil Co. NOMECO Colombia Oil Company NOMECO Ecuador Oil Company NOMECO Equatorial Guinea Oil & Gas Co. NOMECO Exploration (Thailand) Limited NOMECO Holdings Ltd. NOMECO International Ltd. - NOMECO Argentina LDC - NOMECO Equador LDC - NOMECO Venezuela LDC NOMECO Peru Company NOMECO Pipeline Company NOMECO PNG Oil Co. NOMECO Service Co. NOMECO Thailand Oil Company CMS Comercializadora de Energia S.A. (99%) A Michigan corporation engaged in gas and electric marketing operations in Argentina. CMS Gas Marketing Company A Michigan corporation engaged in the marketing of gas to eligible customers primarily in Consumers Power Company's gas service territory. CMS Gas Transmission and Storage Company A Michigan corporation organized to engage in the transmission and storage of natural gas. CMS Gas Transmission and Storage Company has seven subsidiaries: CMS Antrim Gas Company A Michigan corporation involved as a Partner in the Antrim Limited Partnership which was formed to design, construct and operate the Central Carbon Dioxide Removal Plant in Otsego County, Michigan. CMS Grands Lacs Holding Company A Michigan corporation proposed to be involved as a Partner in the Grands Lacs Market Center Limited Partnership. CMS Gulf Coast Storage Company A Michigan corporation involved as a General Partner in the Moss Bluff Gas Storage Systems 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 Limited Partner in the Saginaw Bay Area Limited Partnership. CMS Saginaw Bay Lateral Company A Michigan corporation which holds interest in lateral lines off the Saginaw Bay pipeline system. CMS Specialty Gas Processors Company A Michigan corporation involved as a General Partner in a limited partnership to be involved in several projects regarding helium recovery or nitrogen rejection. 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. (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 holder of a minority interest in a partnership that leases assets to the MCV Partnership CMS Midland, Inc. A Michigan corporation engaged as a general partner in the MCV 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 formed for the purpose of participating with others in leasing the Marysville gas reforming plant underground storage space and other related activities. MEC Development Corp. A Michigan corporation formed as a previous holder of certain bonds issued in connection with its transfer to the MCV Partnership of certain assets which comprise a portion of the MCV facility Michigan Gas Storage Company A Michigan corporation engaged in the purchase of gas from an interstate pipeline supplier, in the transmission and storage of gas, and in the sale of gas to 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) CMS Energy has no properties used for such purposes. (b) Consumers is the only CMS Energy subsidiary 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: 1994 Summer Net 1994 Net Demonstrated Generation Name and Location Capability (Thousands of (Michigan) (Kilowatts) Kilowatt-hours) Coal Generation J H Campbell - West Olive 1,346,100(A) 8,270,828 D E Karn - Essexville 515,000 3,153,851 B C Cobb - Muskegon 296,000 1,974,550 J R Whiting - Erie 310,000 2,099,716 J C Weadock - Essexville 310,000 1,901,989 Total 2,777,100 17,400,934 Oil/Gas Generation D E Karn - Essexville 1,276,000 398,423 Ludington Pumped Storage 954,700(B) (413,644)(C) Nuclear Generation Palisades - South Haven 755,000 4,495,232 Big Rock Point - Charlevoix 67,000 408,488 Total 822,000 4,903,720 Gas/Oil Combustion Turbine Generation 395,300 14,490 Hydro Generation 73,800 480,846 Total Owned Generation 6,298,900 22,784,769 Plus Purchased and Inter- change Power Capacity 1,107,000(D) Total 7,405,900 (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. (D) Includes 915 MW jurisdictional and does not include 217 MW non- jurisdictional purchased power capacity from the MCV facility. Electric transmission, subtransmission and distribution lines are located on or under public highways, streets, alleys or lands, except where they are located on or under easements or other rights. The transmission system consists of 4,407 structural miles of overhead lines and 4 sub-surface miles. The subtransmission system consists of 4,110 structural miles and 16 sub-surface miles of underground lines. The distribution system consists of 50,853 structural miles of overhead lines and 4,991 sub-surface 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. (*) - ------------------- (*) 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. 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, 1994, Consumers' gas properties included a gas distribution and transmission system, compressor stations located at Consumers' storage fields and along the gas transmission lines, and the Marysville Gas reforming plant, located in Marysville, Michigan. Huron Hydrocarbons, Inc., a wholly owned Consumers subsidiary, has entered into a partnership with PanCanadian Petroleum Company to use the expanded capacity of the underground caverns at the Marysville plant for commercial storage of liquid hydrocarbons. In addition, Consumers and Novacor Hydrocarbons, Inc. were partners in a partnership to use certain hydrocarbon fractionation facilities at the plant. In December 1994, PanCanadian Petroleum Company purchased Novacor Hydrocarbons' interest in the fractionation partnership. Consumers' gas distribution and transmission systems consist of 21,197 miles of distribution mains and 1,076 miles of transmission lines, throughout the Lower Peninsula of Michigan. Consumers owns and operates five compressor stations with a total of 116,070 installed horsepower. Listed below are Consumers' gas storage fields with an aggregate certified storage capacity of 242.2 bcf: Total Certified Storage Field Name Location (Michigan) Capacity (bcf) - ------------ -------------------------- --------------------- Overisel Allegan and Ottawa Counties 64.0 Salem Allegan and Ottawa Counties 35.0 Ira St. Clair County 7.5 Lenox Macomb County 3.5 Ray Macomb County 66.0 Northville Oakland, Washtenaw & Wayne Counties 25.8 Puttygut St. Clair County 16.6 Four Corners St. Clair County 3.8 Swan Creek St. Clair County .6 Hessen St. Clair County 18.0 Lyon-34 Oakland County 1.4 Michigan Gas Storage Company ("MGSC") owns and operates two compressor stations with a total of 46,600 installed horsepower. Its transmission system consists of 548 miles of pipelines within the Lower Peninsula of Michigan. MGSC's gas storage fields, listed below, have an aggregate storage capacity of 117 bcf: Total Certified Storage Field Name Location Capacity (bcf) - -------------- -------------------- -------------------- Winterfield Osceola and Clare Counties 75.0 Cranberry Lake Clare and Missaukee Counties 30.0 Riverside Missaukee County 12.0 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 Town 38, Range 7, Section 11, Elkhart County, Indiana. The terminus of Consumers' pipeline at the Michigan state border is near White Pigeon, Michigan at Town 8 South, Range 12 West, Section 23, St. Joseph County, Michigan. During 1994, Consumers purchased approximately 84% of its required gas supply under long term contracts. Trunkline, Consumers primary gas supplier, supplied 35% of the overall requirement. Consumers supply contract with Trunkline expired on November 1, 1994. Of Consumers remaining gas supply requirements purchased under long term contract, 14% came from Michigan producers and 35% from various other producers and non-affiliated marketing companies in the United States and Canada. The remaining 16% of Consumers 1994 gas supply requirements were met by purchases on the spot market. 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 34,461,749,182 kWh of electric energy for the year ended December 31, 1994 and sold 241,176,838 Mcf of natural gas at retail during the same period. (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 138,858,223 kWh of electric energy across state lines under interchange power agreements for the year ended December 31, 1994. Consumers sold no 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, 1994, Consumers purchased 3,324,095,000 kWh of electric energy outside the state of Michigan or at the State line of Michigan. Consumers purchased 213,957,000 Mcf of natural gas from outside the State of Michigan from Trunkline, Progas USA, Inc., CNG Producing Co., Apache Marketing, Inc., Chevron U.S.A., Inc., Poco Petroleums, Ltd., Canterra Energy, Ltd., Shell Canada, Ltd., Enron Gas Marketing, Amoco, Panhandle Trading Co., Norcen Energy Resources, Ltd., and other sources during the same period. 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, 1994, CMS Energy had interests in four EWGs: Central Termica San Nicolas, S.A. ("CTSN") Rivadavia S/N 2900 San Nicolas Prov. Buenos Aires, Argentina, South America CTSN, an Argentine corporation, 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. CTSN sells power at wholesale under long-term contracts to two utilities and Argentina's electric grid system. Hidroelectrica El Chocon, S.A. ("El Chocon") 8311 Neuquen Argentina, South America El Chocon, an Argentine corporation, 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. El Chocon sells power at wholesale to the developing Argentine Power Pool. 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 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. Toledo Power sells power at wholesale to the Philippine electric grid system and to a local electrical cooperative. Centrales Termicas Mendoza, S.A. ("Mendoza") Parque Industrial Provincial 5507 Lujan de Cuyo, Mendoza Argentina, South America Mendoza, an Argentine corporation, is owner of two power plants located in Mendoza, Argentina. These plants have a nameplate capacity of 411 MW. These plants can be fueled by natural gas, oil or diesel fuel. Mendoza sells power at wholesale to the Argentine electric grid system. (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 de San Nicolas, S.A. purchased an 88% share in CTSN. The remaining 12% interest is held by the Argentine government on behalf of the facility's employees. As of December 31, 1994, CMS Generation San Nicolas Company held an 16.3% indirect ownership interest in CTSN. See Exhibit C. El Chocon In July 1993, Hidroinvest, S.A. acquired a 59% ownership interest in El Chocon. The remaining interest in the project is held 39% by the Argentine provincial government and 2% by the plant employees. CMS Generation, S.A. has a 25% ownership interest in Hidroinvest, S.A. See Exhibit C. Toledo Power In July 1994, Toledo Power purchased 100% of the power plant assets from a mining company. As of December 31, 1994, CMS Generation Cebu Limited Duration Company held a 32.5% direct interest in Toledo Power. See Exhibit C. Mendoza In November 1994, Cuyana de Inversiones acquired a 51% ownership interest in Mendoza. The remaining 49% is held 39% by the Argentine government and 10% by the plant employees. Pursuant to the official tender documents submitted in connection with this privatization, CMS Operating, S.A. was to acquire 80% of Cuyana de Inversiones. As of December 31, 1994, a partnership agreement setting forth CMS Operating, S.A.'s ownership interest in Cuyana de Inversiones has not been finalized and since November 1994, CMS Operating, S.A. has funded 100% of the obligations of Cuyana de Inversiones. 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, 1994, CMS Generation San Nicolas Company has invested approximately $22 million of equity in CTSN, and advanced approximately $9 million of loans. CMS Energy has guaranteed $2.4 million of reimbursement obligations of CMS Generation San Nicolas Company under certain letters of credit issued by The Chase Manhattan Bank (National Association). El Chocon As of December 31, 1994, CMS Generation, S.A. has invested approximately $47 million of equity in, and advanced approximately $21 million of loans to, El Chocon. 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 El Chocon approximately $14 million in connection with the Guaranteed Indebtedness Credit Agreement dated as of December 15, 1993 between El Chocon and The Chase Manhattan Bank (National Association). Toledo Power As of December 31, 1994, CMS Generation Cebu Limited Duration Company and CMS Generation Cebu Operating Limited Duration Company has invested approximately $9 million of equity in Toledo Power. Mendoza As of December 31, 1994, CMS Operating, S.A. has invested approximately $10 million of equity and $2 million of loans to Mendoza. CMS Generation Co. has loaned approximately $8 million to Mendoza. (d) Capitalization and earnings of the EWG or foreign utility company during the reporting period. CTSN: 000s -------- Capitalization at 12/31/94 Bank Loans $ 37,885 Long Term Debt (Partners Loans) $ 50,872 Shareholders' Equity 74,538 -------- Total Capitalization $163,295 ======== Net Income for the period ended 12/31/94 $ 1,687 ======== El Chocon: 000s -------- Capitalization at 12/31/94 Bank Loans $245,521 Shareholders' Equity 406,816 -------- Total Capitalization $652,337 ======== Net Income for the period ended 12/31/94 $ 18,944 ======== Toledo Power 000s -------- Capitalization at 12/31/94 Shareholders' Equity $58,956 ======= Net Loss for the period ended 12/31/94 $ (669) ======= Mendoza 000s -------- Capitalization at 12/31/94 CMS Loans $10,161 Long Term Debt (YPF) $23,049 Shareholders Equity $19,195 ------- $52,405 ======= Net Loss for the period ended Dec.31,1994 $ (556) ======= (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). There are no service, sales or construction contracts between either CTSN, El Chocon, Toledo Power or Mendoza and any system company. The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 27th day of February, 1995. CMS ENERGY CORPORATION, a Michigan corporation [CORPORATE SEAL] By /s/ S. Kinnie Smith -------------------------- S. Kinnie Smith, Jr. Vice Chairman and General Counsel ATTEST: /s/ Thomas A. McNish - -------------------------- Thomas A. McNish Secretary and Treasurer Name, title, and address of officer to whom notices and correspondence concerning this Statement should be addressed: Thomas A. McNish Secretary and Treasurer CMS Energy Corporation Fairlane Plaza South Suite 1100 330 Town Center Drive Dearborn, Michigan 48126 EX-99 2 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, 1994 (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 $ - $2,189 $ - $ - $2,189 Gas utility - 1,151 - - 1,151 Oil and gas exploration and production - - 86 (1) 85 Independent power production - 15 30 - 45 Natural gas pipeline, storage and marketing - - 148 (3) 145 Other - 1 6 (3) 4 ------------------------------------------------------------------- Total operating revenue - 3,356 270 (7) 3,619 ------------------------------------------------------------------- Operating Expenses Fuel for electric generation - 306 - - 306 Purchased power - related parties - 482 - - 482 Purchased and interchange power - 162 - - 162 Cost of gas sold - 662 127 (4) 785 Other operation expense (1) 560 69 (3) 625 Maintenance - 188 4 - 192 Depreciation, depletion and amortization - 335 44 - 379 General taxes - 178 6 - 184 ------------------------------------------------------------------- Total operating expenses (1) 2,873 250 (7) 3,115 ------------------------------------------------------------------- Pretax Operating Income 1 483 20 - 504 ------------------------------------------------------------------- Income Taxes (14) 120 (2) - 104 ------------------------------------------------------------------- Net Operating Income 15 363 22 - 400 ------------------------------------------------------------------- Other Income (Deductions) Dividends from affiliates - 17 1 (18) - Accretion income - 13 - - 13 Accretion expense - (35) - - (35) Other income taxes, net - 13 (1) - 12 Other, net 215 6 7 (210) 18 ------------------------------------------------------------------- Total other income (deductions) 215 14 7 (228) 8 ------------------------------------------------------------------- Fixed Charges Interest on long-term debt 47 135 11 - 193 Other interest - 17 2 (1) 18 Capitalized interest - (1) (5) - (6) Preferred dividends - 24 14 (14) 24 ------------------------------------------------------------------- Net fixed charges 47 175 22 (15) 229 ------------------------------------------------------------------- Net Income (Loss) before Common Stock Dividends 183 202 7 (213) 179 Dividends on Common Stock 71 - - (4) 67 ------------------------------------------------------------------- Net Income (Loss) after Common Stock Dividends $ 112 $ 202 $ 7 $ (209) $ 112 =================================================================== Average Number of Common Shares Outstanding 85,888 Earnings Per Average Common Share $ 2.09 (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, 1994 (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 $2,189 $ - $ - $ - $ - $ - $2,189 Gas 1,149 19 - - - (17) 1,151 Other - - 1 6 9 - 16 -------------------------------------------------------------------------------- Total operating revenue 3,338 19 1 6 9 (17) 3,356 -------------------------------------------------------------------------------- Operating Expenses Fuel for electric generation 306 - - - - - 306 Purchased power - related parties 482 - - - - - 482 Purchased and interchange power 162 - - - - - 162 Cost of gas sold 679 - - - - (17) 662 Other operation expense 550 9 - - 1 - 560 Maintenance 185 3 - - - - 188 Depreciation, depletion and amortization 333 1 - - 1 - 335 General taxes 176 2 - - - - 178 -------------------------------------------------------------------------------- Total operating expenses 2,873 15 - - 2 (17) 2,873 -------------------------------------------------------------------------------- Pretax Operating Income 465 4 1 6 7 - 483 -------------------------------------------------------------------------------- Income Taxes 119 1 - - - - 120 -------------------------------------------------------------------------------- Net Operating Income 346 3 1 6 7 - 363 -------------------------------------------------------------------------------- Other Income (Deductions) Dividends from affiliates 17 - - - - - 17 Accretion income 13 - - - - - 13 Accretion expense (35) - - - - - (35) Other income taxes, net 13 - - - - - 13 Other, net 23 1 - - (1) (17) 6 -------------------------------------------------------------------------------- Total other income (deductions) 31 1 - - (1) (17) 14 -------------------------------------------------------------------------------- Interest Charges Interest on long-term debt 135 - - - - - 135 Other interest 17 1 - - - (1) 17 Capitalized interest (1) - - - - - (1) -------------------------------------------------------------------------------- Net interest charges 151 1 - - - (1) 151 -------------------------------------------------------------------------------- Net Income (Loss) 226 3 1 6 6 (16) 226 Preferred Stock Dividends 24 - - - - - 24 -------------------------------------------------------------------------------- Net Income (Loss) after Dividends on Preferred Stock $ 202 $ 3 $ 1 $ 6 $ 6 $ (16) $ 202 ================================================================================ (2) Represents Consumers Power Company, CMS Engineering Company, Midland Group, Ltd. and ES Services Company consolidated with Michigan Gas Storage Company and Huron Hydrocarbons, Inc. included on the equity method of accounting.
CMS ENTERPRISES COMPANY Consolidating Statement of Income For the Year Ended December 31, 1994 (In Millions)
CMS NOMECO CMS CMS CMS Oil and Generation Utility CMS CMS Gas CMS Gas Enterprises Gas Co. Co. Services Land Marketing Transmission Company(3) Consol. Consol. Inc. Company Company Company Operating Revenue Oil and gas exploration and production $ - $ 86 $ - $ - $ - $ - $ - Independent power production - - 30 - - - - Natural gas pipeline, storage and marketing - - - - - 136 16 Other - - - 7 2 - - -------------------------------------------------------------------------------- Total operating revenue - 86 30 7 2 136 16 -------------------------------------------------------------------------------- Operating Expenses Cost of gas sold - - - - - 131 - Other operation expense 2 30 22 6 - 3 6 Maintenance - 4 - - - - - Depreciation, depletion and amortization - 40 1 1 - - 2 General taxes 1 4 - - - - 1 -------------------------------------------------------------------------------- Total operating expenses 3 78 23 7 - 134 9 -------------------------------------------------------------------------------- Pretax Operating Income (3) 8 7 - 2 2 7 -------------------------------------------------------------------------------- Income Taxes (1) (6) 2 - 1 1 2 -------------------------------------------------------------------------------- Net Operating Income (2) 14 5 - 1 1 5 -------------------------------------------------------------------------------- Other Income (Deductions) Dividends from affiliates 1 - - - - - - Other income taxes, net - - (1) - - - - Other, net 22 - 3 1 - - 1 -------------------------------------------------------------------------------- Total other income (deductions) 23 - 2 1 - - 1 -------------------------------------------------------------------------------- Fixed Charges Interest on long-term debt - 9 - - - - 2 Other interest - - 3 - - - - Capitalized interest - (5) - - - - - Preferred dividends 14 - - - - - - -------------------------------------------------------------------------------- Net fixed charges 14 4 3 - - - 2 -------------------------------------------------------------------------------- Net Income (Loss) $ 7 $ 10 $ 4 $ 1 $ 1 $ 1 $ 4 ================================================================================ (Continued on Following Page)
CMS ENTERPRISES COMPANY Consolidating Statement of Income For the Year Ended December 31, 1994 (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 $ - $ - $ 86 Independent power production - - 30 Natural gas pipeline, storage and marketing - (4) 148 Other (3) - 6 -------------------------------- Total operating revenue (3) (4) 270 -------------------------------- Operating Expenses Cost of gas sold - (4) 127 Other operation expense - - 69 Maintenance - - 4 Depreciation, depletion and amortization - - 44 General taxes - - 6 -------------------------------- Total operating expenses - (4) 250 -------------------------------- Pretax Operating Income (3) - 20 -------------------------------- Income Taxes (1) - (2) -------------------------------- Net Operating Income (2) - 22 -------------------------------- Other Income (Deductions) Dividends from affiliates - - 1 Other income taxes, net - - (1) Other, net 1 (21) 7 -------------------------------- Total other income (deductions) 1 (21) 7 -------------------------------- Fixed Charges Interest on long-term debt - - 11 Other interest - (1) 2 Capitalized interest - - (5) Preferred dividends - - 14 -------------------------------- Net fixed charges - (1) 22 -------------------------------- Net Income (Loss) $ (1) $ (20) $ 7 ================================ (3) Represents CMS Enterprises Company, CMS Capital Corporation and KJL Limited, Inc. 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, 1994 (In Millions)
NOMECO CMS NOMECO Equatorial NOMECO NOMECO NOMECO Exploration NOMECO Guinea NOMECO Colombia Oil and Gas Australia (Thailand) PNG Oil Oil & Gas Holdings Oil Company(4) Pty. Ltd. Limited Co. Co. Ltd. Company Operating Revenue Oil and gas exploration and production $ 66 $ 1 $ - $ - $ 5 $ 4 $ 3 Other - - - - - - - -------------------------------------------------------------------------------- Total operating revenue 66 1 - - 5 4 3 -------------------------------------------------------------------------------- Operating Expenses Cost of products sold - 1 - - - - - Other operation expense 22 - - - 1 1 2 Maintenance 3 - - - 1 - - Depreciation, depletion and amortization 29 - 4 1 1 2 1 General taxes 4 - - - - - - -------------------------------------------------------------------------------- Total operating expenses 58 1 4 1 3 3 3 -------------------------------------------------------------------------------- Pretax Operating Income 8 - (4) (1) 2 1 - -------------------------------------------------------------------------------- Income Taxes (7) - - - - - - -------------------------------------------------------------------------------- Net Operating Income 15 - (4) (1) 2 1 - -------------------------------------------------------------------------------- Other Income (Deductions) Other income taxes, net - - - - - - - Other, net (1) - - - - - - -------------------------------------------------------------------------------- Total other income (deductions) (1) - - - - - - -------------------------------------------------------------------------------- Fixed Charges Interest on long-term debt 9 - - - - - - Other interest - - - - 1 - - Capitalized interest (5) - - - - - - -------------------------------------------------------------------------------- Net fixed charges 4 - - - 1 - - -------------------------------------------------------------------------------- Net Income (Loss) $ 10 $ - $ (4) $ (1) $ 1 $ 1 $ - ================================================================================ (Continued on Following Page)
CMS NOMECO OIL AND GAS COMPANY Consolidating Statement of Income For the Year Ended December 31, 1994 (In Millions) (Continued from Previous Page)
NOMECO 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 $ - $ 5 $ 2 $ - $ 86 Other - - - - - -------------------------------------------------------- Total operating revenue - 5 2 - 86 -------------------------------------------------------- Operating Expenses Cost of products sold - - - - 1 Other operation expense - 2 1 - 29 Maintenance - - - - 4 Depreciation, depletion and amortization - 2 - - 40 General taxes - - - - 4 -------------------------------------------------------- Total operating expenses - 4 1 - 78 -------------------------------------------------------- Pretax Operating Income - 1 1 - 8 -------------------------------------------------------- Income Taxes - - 1 - (6) -------------------------------------------------------- Net Operating Income - 1 - - 14 -------------------------------------------------------- Other Income (Deductions) Other income taxes, net - - - - - Other, net - - - 1 - -------------------------------------------------------- Total other income (deductions) - - - 1 - -------------------------------------------------------- Fixed Charges Interest on long-term debt - - - - 9 Other interest 2 - - (3) - Capitalized interest - - - - (5) -------------------------------------------------------- Net fixed charges 2 - - (3) 4 -------------------------------------------------------- Net Income (Loss) $ (2) $ 1 $ - $ 4 $ 10 ======================================================== (4) Represents CMS NOMECO Oil and Gas Company, NOMECO China Oil Company, NOMECO Thailand Oil Company, NOMECO Pipeline Company, NOMECO Venezuela LDC and NOMECO Argentina LDC consolidated.
CMS GENERATION COMPANY Consolidating Statement of Income For the Year Ended December 31, 1994 (In Millions)
CMSG CMSG CMSG Oxford CMS Honey Filer CMSG Grayling CMSG Tire Generation Lake City Grayling Holdings Operating Supply Co.(5) Company Inc. Company Company Company Inc. Operating Revenue Independent power production $ 4 $ 5 $ 4 $ - $ 2 $ 1 $ 5 Other - - - - - - - -------------------------------------------------------------------------------- Total operating revenue 4 5 4 - 2 1 5 -------------------------------------------------------------------------------- Operating Expenses Other operation expense 10 - - - - 1 5 Depreciation, depletion and amortization 1 - - - - - - General taxes - - - - - - - -------------------------------------------------------------------------------- Total operating expenses 11 - - - - 1 5 -------------------------------------------------------------------------------- Pretax Operating Income (7) 5 4 - 2 - - -------------------------------------------------------------------------------- Income Taxes (2) 2 1 - 1 - - -------------------------------------------------------------------------------- Net Operating Income (5) 3 3 - 1 - - -------------------------------------------------------------------------------- Other Income (Deductions) Other income taxes, net (1) - - - - - - Other, net 13 - - 1 - - - -------------------------------------------------------------------------------- Total other income (deductions) 12 - - 1 - - - -------------------------------------------------------------------------------- Fixed Charges Interest on long-term debt - - - - - - - Other interest 3 - - 1 - - - -------------------------------------------------------------------------------- Net fixed charges 3 - - 1 - - - -------------------------------------------------------------------------------- Net Income (Loss) $ 4 $ 3 $ 3 $ - $ 1 $ - $ - ================================================================================ (Continued on Following Page) /TABLE CMS GENERATION COMPANY Consolidating Statement of Income For the Year Ended December 31, 1994 (In Millions) (Continued from Previous Page)
CMSG Mid- OTR Inter- CMS CMSG CMS San Michigan Northern company Generation Holding Generation Nicolas Recycling California Elimina- Company Company S.A. Company L.L.C. Inc. tions Consol. Operating Revenue Independent power production $ (1) $ 3 $ 1 $ 1 $ 5 $ - $ 30 Other - - - - - - - -------------------------------------------------------------------------------- Total operating revenue (1) 3 1 1 5 - 30 -------------------------------------------------------------------------------- Operating Expenses Other operation expense - - - 1 5 - 22 Depreciation, depletion and amortization - - - - - - 1 General taxes - - - - - - - -------------------------------------------------------------------------------- Total operating expenses - - - 1 5 - 23 -------------------------------------------------------------------------------- Pretax Operating Income (1) 3 1 - - - 7 -------------------------------------------------------------------------------- Income Taxes - - - - - - 2 -------------------------------------------------------------------------------- Net Operating Income (1) 3 1 - - - 5 -------------------------------------------------------------------------------- Other Income (Deductions) Other income taxes, net - - - - - - (1) Other, net - - - - - (11) 3 -------------------------------------------------------------------------------- Total other income (deductions) - - - - - (11) 2 -------------------------------------------------------------------------------- Fixed Charges Interest on long-term debt - - - - - - - Other interest - - - - - (1) 3 -------------------------------------------------------------------------------- Net fixed charges - - - - - (1) 3 -------------------------------------------------------------------------------- Net Income (Loss) $ (1) $ 3 $ 1 $ - $ - $ (10) $ 4 ================================================================================ (5) Represents CMS Generation Company, CMSG Filer City Operating 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 Pinamucan LDC, CMSG Cebu LDC, CMSG Cebu Operating LDC Company, CMSG Montreal Company, CMSG Operating S.A., OTR Southern California, Inc., OTR of Bloomfield, Inc. and Oxford/CMS Development L.P. consolidated.
CMS ENERGY CORPORATION Consolidating Balance Sheet - Assets December 31, 1994 (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 $ - $5,771 $ - $ - $5,771 Gas - 2,064 38 - 2,102 Oil and gas properties - - 934 - 934 Other 12 30 37 (6) 73 -------------------------------------------------------- 12 7,865 1,009 (6) 8,880 Less accumulated depreciation, depletion and amortization 2 3,794 503 - 4,299 -------------------------------------------------------- 10 4,071 506 (6) 4,581 Construction work-in-progress - 241 4 - 245 -------------------------------------------------------- 10 4,312 510 (6) 4,826 -------------------------------------------------------- Investments Associated companies 1,800 317 45 (2,162) - First Midland Limited Partnership - 218 - - 218 Independent power production - - 151 - 151 Midland Cogeneration Venture - 74 - - 74 Other - 8 48 - 56 -------------------------------------------------------- 1,800 617 244 (2,162) 499 -------------------------------------------------------- Current Assets Cash and temporary cash investments 41 25 13 - 79 Accounts receivable (5) (71) 55 (22) (43) Accrued revenues - 183 14 - 197 Inventories to average cost Gas in underground storage - 235 - - 235 Materials and supplies - 75 - - 75 Generating plant fuel stock - 37 - - 37 Deferred income taxes (1) 35 - - 34 Trunkline settlement - 30 - - 30 Prepayments and other 15 168 3 - 186 -------------------------------------------------------- 50 717 85 (22) 830 -------------------------------------------------------- Non-current Assets Postretirement benefits 6 478 - - 484 Abandoned Midland project - 147 - - 147 Nuclear decommissioning trust funds - 213 - - 213 Trunkline settlement - 55 - - 55 Other 11 270 61 (12) 330 -------------------------------------------------------- 17 1,163 61 (12) 1,229 -------------------------------------------------------- Total Assets $1,877 $6,809 $ 900 $(2,202) $7,384 ======================================================== (1) Represents CMS Energy Corporation and CMS Merging Corporation consolidated 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, 1994 (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 1,813 491 480 (1,083) 1,701 Revaluation capital - 15 14 (29) - Retained earnings (595) 80 (120) 40 (595) -------------------------------------------------------- 1,219 1,427 374 (1,913) 1,107 Preferred stock - 356 249 (249) 356 Long-term debt 620 1,953 146 (10) 2,709 Non-current capital leases - 108 - - 108 -------------------------------------------------------- 1,839 3,844 769 (2,172) 4,280 -------------------------------------------------------- Current Liabilities Current portion of long-term debt - 9 12 - 21 Current capital leases 7 36 - - 43 Notes payable 6 339 - (6) 339 Accounts payable 1 165 31 (4) 193 Accounts payable - related parties 5 51 2 (8) 50 MCV power purchases - settlement - 95 - - 95 Accrued interest 2 37 5 (4) 40 Accrued taxes 36 173 8 - 217 Accrued refunds - 25 - - 25 Other 1 187 12 (2) 198 -------------------------------------------------------- 58 1,117 70 (24) 1,221 -------------------------------------------------------- Non-current Liabilities Postretirement benefits 9 532 9 - 550 MCV power purchases - settlement - 324 - - 324 Deferred income taxes (29) 568 43 - 582 Deferred investment tax credit - 179 2 - 181 Trunkline settlement - 55 - - 55 Regulatory liabilities, net - 16 - - 16 Other - 174 7 (6) 175 -------------------------------------------------------- (20) 1,848 61 (6) 1,883 -------------------------------------------------------- Total Stockholders' Equity and Liabilities $1,877 $6,809 $ 900 $(2,202) $7,384 ======================================================== (1) Represents CMS Energy Corporation and CMS Merging Corporation consolidated with Consumers Power Company and CMS Enterprises Company included on the equity method of accounting.
CONSUMERS POWER COMPANY Consolidating Balance Sheet - Assets December 31, 1994 (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 $5,771 $ - $ - $ - $ - $ - $5,771 Gas 1,966 98 - - - - 2,064 Other 30 - - - - - 30 -------------------------------------------------------------------------------- 7,767 98 - - - - 7,865 Less accumulated depreciation, depletion and amortization 3,743 51 - - - - 3,794 -------------------------------------------------------------------------------- 4,024 47 - - - - 4,071 Construction work-in-progress 238 3 - - - - 241 -------------------------------------------------------------------------------- 4,262 50 - - - - 4,312 -------------------------------------------------------------------------------- Investments Associated companies 567 - - - - (250) 317 First Midland Limited Partnership - - - 218 - - 218 Midland Cogeneration Venture - - - - 74 - 74 Other - - 8 - - - 8 -------------------------------------------------------------------------------- 567 - 8 218 74 (250) 617 -------------------------------------------------------------------------------- Current Assets Cash and temporary cash investments 22 2 - 1 - - 25 Accounts receivable (60) 2 - 1 10 (24) (71) Accrued revenues 183 - - - - - 183 Inventories to average cost Gas in underground storage 235 - - - - - 235 Materials and supplies 75 - - - - - 75 Generating plant fuel stock 37 - - - - - 37 Deferred income taxes 35 - - - - - 35 Trunkline settlement 30 - - - - - 30 Postretirement benefits 25 - - - - - 25 Prepayments and other 143 - - - - - 143 -------------------------------------------------------------------------------- 725 4 - 2 10 (24) 717 -------------------------------------------------------------------------------- Non-current Assets Postretirement benefits 472 6 - - - - 478 Abandoned Midland project 147 - - - - - 147 Nuclear decommissioning trust funds 213 - - - - - 213 Trunkline settlement 55 - - - - - 55 Other 257 3 - 10 - - 270 -------------------------------------------------------------------------------- 1,144 9 - 10 - - 1,163 -------------------------------------------------------------------------------- Total Assets $6,698 $ 63 $ 8 $ 230 $ 84 $ (274) $6,809 ================================================================================ (2) Represents Consumers Power Company, CMS Engineering Company, ES Services Company, Midland Group, Inc. and MEC Development Corporation consolidated with Michigan Gas Storage Company and Huron Hydrocarbons, Inc. included on the equity method of accounting.
CONSUMERS POWER COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1994 (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 3 81 125 (214) 491 Revaluation capital 15 - - - - - 15 Retained earnings 80 18 2 18 (17) (21) 80 -------------------------------------------------------------------------------- 1,427 38 5 99 108 (250) 1,427 Preferred stock 356 - - - - - 356 Long-term debt 1,953 - - - - - 1,953 Non-current capital leases 108 - - - - - 108 -------------------------------------------------------------------------------- 3,844 38 5 99 108 (250) 3,844 -------------------------------------------------------------------------------- Current Liabilities Current portion of long-term debt 9 - - - - - 9 Current capital leases 36 - - - - - 36 Notes payable 349 11 - - - (21) 339 Accounts payable 164 2 - - - (1) 165 Accounts payable - related parties 52 1 - - - (2) 51 MCV power purchases - settlement 95 - - - - - 95 Accrued interest 37 - - - - - 37 Accrued taxes 198 1 - (25) (1) - 173 Accrued refunds 25 - - - - - 25 Other 186 1 - - - - 187 -------------------------------------------------------------------------------- 1,151 16 - (25) (1) (24) 1,117 -------------------------------------------------------------------------------- Non-current Liabilities Postretirement benefits 526 6 - - - - 532 MCV power purchases - settlement 324 - - - - - 324 Deferred income taxes 467 1 2 122 (24) - 568 Deferred investment tax credit 143 - 1 34 1 - 179 Trunkline settlement 55 - - - - - 55 Regulatory liabilities, net 16 - - - - - 16 Other 172 2 - - - - 174 -------------------------------------------------------------------------------- 1,703 9 3 156 (23) - 1,848 -------------------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $6,698 $ 63 $ 8 $ 230 $ 84 $ (274) $6,809 ================================================================================ (2) Represents Consumers Power Company, CMS Engineering Company, ES Services Company, Midland Group, Inc. and MEC Development Corporation consolidated with Michigan Gas Storage Company and Huron Hydrocarbons, Inc. included on the equity method of accounting.
CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Assets December 31, 1994 (In Millions)
CMS NOMECO CMS CMS CMS Oil and Generation Utility CMS CMS Gas CMS Gas Enterprises Gas Co. Co. Services Land Marketing Transmission Company(3) Consol. Consol. Inc. Company Company Company Plant and Property (At Cost) Gas $ - $ - $ - $ - $ - $ - $ 38 Oil and gas properties - 934 - - - - - Other - - 19 4 14 - - -------------------------------------------------------------------------------- - 934 19 4 14 - 38 Less accumulated depreciation, depletion and amortization - 496 - 3 - - 4 -------------------------------------------------------------------------------- - 438 19 1 14 - 34 Construction work-in-progress - - - - - - 4 -------------------------------------------------------------------------------- - 438 19 1 14 - 38 -------------------------------------------------------------------------------- Investments Associated companies 625 - - - - - - Independent power production - - 151 - - - - Other - 2 - - 6 - 40 -------------------------------------------------------------------------------- 625 2 151 - 6 - 40 -------------------------------------------------------------------------------- Current Assets Cash and temporary cash investments - 6 2 1 - 2 1 Accounts receivable 2 2 26 3 1 16 6 Accrued revenues - 14 - - - - - Prepayments and other - 1 - - - 1 1 -------------------------------------------------------------------------------- 2 23 28 4 1 19 8 -------------------------------------------------------------------------------- Non-current Assets Postretirement benefits - - - - - - - Other 1 10 44 - - - 6 -------------------------------------------------------------------------------- 1 10 44 - - - 6 -------------------------------------------------------------------------------- Total Assets $ 628 $ 473 $ 242 $ 5 $ 21 $ 19 $ 92 ================================================================================ (Continued on Following Page)
CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Assets December 31, 1994 (In Millions) (Continued from Previous Page)
Inter- CMS CMS company Enterprises Capital Elimina- Company Corp. tions Consol. Plant and Property (At Cost) Gas $ - $ - $ 38 Oil and gas properties - - 934 Other - - 37 ------------------------------- - - 1,009 Less accumulated depreciation, depletion and amortization - - 503 ------------------------------- - - 506 Construction work-in-progress - - 4 ------------------------------- - - 510 ------------------------------- Investments Associated companies - (580) 45 Independent power production - - 151 Other - - 48 ------------------------------- - (580) 244 ------------------------------- Current Assets Cash and temporary cash investments 1 - 13 Accounts receivable 8 (9) 55 Accrued revenues - - 14 Prepayments and other - - 3 ------------------------------- 9 (9) 85 ------------------------------- Non-current Assets Postretirement benefits - - - Other - - 61 ------------------------------- - - 61 ------------------------------- Total Assets $ 9 $ (589) $ 900 =============================== (3) Represents CMS Enterprises Company, KJL Limited, Inc. and Monarch Management Company 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, 1994 (In Millions)
CMS NOMECO CMS CMS CMS Oil and Generation Utility CMS CMS Gas CMS Gas Enterprises Gas Co. Co. Services Land Marketing Transmission Company(3) Consol. Consol. Inc. Company Company Company Capitalization Common Stockholders' Equity Common stock $ - $ 15 $ - $ - $ - $ - $ - Other paid-in-capital 480 122 288 5 4 3 53 Revaluation capital 14 - - - - - - Retained earnings (120) 152 (74) (2) 1 2 5 -------------------------------------------------------------------------------- 374 289 214 3 5 5 58 Preferred stock 249 - - - - - - Long-term debt - 119 1 - 10 - 16 -------------------------------------------------------------------------------- 623 408 215 3 15 5 74 -------------------------------------------------------------------------------- Current Liabilities Current portion of long-term debt - 10 - - - - 2 Notes payable 2 - 1 - - - 1 Accounts payable - 4 5 1 - 13 9 Accounts payable - related parties 1 - 1 - - 1 - Accrued interest - 1 2 - 2 - - Accrued taxes 1 2 3 - 1 - 1 Other 5 1 5 1 - - - -------------------------------------------------------------------------------- 9 18 17 2 3 14 13 -------------------------------------------------------------------------------- Non-current Liabilities Postretirement benefits 1 4 2 1 - - 1 Deferred income taxes (5) 42 4 (1) 1 - 3 Deferred investment tax credit - - 2 - - - - Other - 1 2 - 2 - 1 -------------------------------------------------------------------------------- (4) 47 10 - 3 - 5 -------------------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $ 628 $ 473 $ 242 $ 5 $ 21 $ 19 $ 92 ================================================================================ (Continued on Following Page)
CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1994 (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 $ - $ - $ (15) $ - Other paid-in-capital 7 2 (484) 480 Revaluation capital - - - 14 Retained earnings (1) (2) (81) (120) -------------------------------------------- 6 - (580) 374 Preferred stock - - - 249 Long-term debt - - - 146 -------------------------------------------- 6 - (580) 769 -------------------------------------------- Current Liabilities Current portion of long-term debt - - - 12 Notes payable 3 - (7) - Accounts payable - - (1) 31 Accounts payable - related parties - - (1) 2 Accrued interest - - - 5 Accrued taxes - - - 8 Other - - - 12 -------------------------------------------- 3 - (9) 70 -------------------------------------------- Non-current Liabilities Postretirement benefits - - - 9 Deferred income taxes - (1) - 43 Deferred investment tax credit - - - 2 Other - 1 - 7 -------------------------------------------- - - - 61 -------------------------------------------- Total Stockholders' Equity and Liabilities $ 9 $ - $ (589) $ 900 ============================================ (3) Represents CMS Enterprises Company and KJL Limited, Inc. 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, 1994 (In Millions)
Explota- NOMECO NOMECO CMS NOMECO NOMECO ciones Inter- NOMECO Thailand NOMECO Oil and Gas Australia Nomeco national Ecuador Oil Pipeline Company(4) Pty. Ltd. Inc. Ltd. LDC Company Company Plant and Property (At Cost) Oil and gas properties $ 770 $ 1 $ 25 $ - $ 98 $ - $ - Other - - - - - - - -------------------------------------------------------------------------------- 770 1 25 - 98 - - Less accumulated depreciation, depletion and amortization 478 - - - 2 - - -------------------------------------------------------------------------------- 292 1 25 - 96 - - Construction work-in-progress - - - - - - - -------------------------------------------------------------------------------- 292 1 25 - 96 - - -------------------------------------------------------------------------------- Investments Associated companies 77 - - 98 - - - Other - 2 - - - - - -------------------------------------------------------------------------------- 77 2 - 98 - - - -------------------------------------------------------------------------------- Current Assets Cash and temporary cash investments 5 - 1 - - - - Accounts receivable 86 - - - - - - Accrued revenues 8 - 1 - 3 - - Prepayments and other - - - - - - - -------------------------------------------------------------------------------- 99 - 2 - 3 - - -------------------------------------------------------------------------------- Non-current Assets Postretirement benefits - - - - - - - Other 10 - - - - - - -------------------------------------------------------------------------------- 10 - - - - - - -------------------------------------------------------------------------------- Total Assets $ 478 $ 3 $ 27 $ 98 $ 99 $ - $ - ================================================================================ (Continued on Following Page)
CMS NOMECO OIL AND GAS COMPANY Consolidating Balance Sheet - Assets December 31, 1994 (In Millions) (Continued from Previous Page)
NOMECO Equatorial NOMECO NOMECO NOMECO NOMECO Guinea Exploration NOMECO Colombia PNG Oil China Oil Oil & Gas (Thailand) Holdings Oil Co. Company Co. Ltd. Ltd. Company Plant and Property (At Cost) Oil and gas properties $ 4 $ - $ 12 $ 1 $ 15 $ 8 Other - - - - - - -------------------------------------------------------------------- 4 - 12 1 15 8 Less accumulated depreciation, depletion and amortization 1 - 2 1 5 7 -------------------------------------------------------------------- 3 - 10 - 10 1 Construction work-in-progress - - - - - - -------------------------------------------------------------------- 3 - 10 - 10 1 -------------------------------------------------------------------- Investments Associated companies - - - - 1 - Other - - - - - - -------------------------------------------------------------------- - - - - 1 - -------------------------------------------------------------------- Current Assets Cash and temporary cash investments - - - - - - Accounts receivable 1 1 1 - 1 6 Accrued revenues - - 1 - - 1 Prepayments and other - - 1 - - - -------------------------------------------------------------------- 1 1 3 - 1 7 -------------------------------------------------------------------- Non-current Assets Postretirement benefits - - - - - - Other - - - - - - -------------------------------------------------------------------- - - - - - - -------------------------------------------------------------------- Total Assets $ 4 $ 1 $ 13 $ - $ 12 $ 8 -------------------------------------------------------------------- (Continued on Following Page)
CMS NOMECO OIL AND GAS COMPANY Consolidating Balance Sheet - Assets December 31, 1994 (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 $ - $ 934 Other - - ------------------- - 934 Less accumulated depreciation, depletion and amortization - 496 ------------------- - 438 Construction work-in-progress - - ------------------- - 438 ------------------- Investments Associated companies (176) - Other - 2 ------------------- (176) 2 ------------------- Current Assets Cash and temporary cash investments - 6 Accounts receivable (94) 2 Accrued revenues - 14 Prepayments and other - 1 ------------------- (94) 23 ------------------- Non-current Assets Postretirement benefits - - Other - 10 ------------------- - 10 ------------------- Total Assets $ (270) $ 473 =================== (4) Represents CMS NOMECO Oil and Gas Company, NOMECO Venezuela LDC and NOMECO Argentina LDC consolidated.
CMS NOMECO OIL AND GAS COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1994 (In Millions)
Explota- NOMECO NOMECO CMS NOMECO NOMECO ciones Thailand NOMECO Inter- NOMECO Oil and Gas Australia Nomeco Oil Ecuador national Pipeline Company(4) Pty. Ltd. Inc. Company LDC Ltd. Company Capitalization Common Stockholders' Equity Common stock $ 15 $ - $ - $ - $ - $ 1 $ - Other paid-in-capital 122 - 26 - 98 31 - Retained earnings 152 1 - - 1 (2) - -------------------------------------------------------------------------------- 289 1 26 - 99 30 - Preferred stock - - - - - - - Long-term debt 116 - - - - - - -------------------------------------------------------------------------------- 405 1 26 - 99 30 - -------------------------------------------------------------------------------- Current Liabilities Current portion of long-term debt 9 - - - - - - Notes payable - 1 - - - 65 - Accounts payable 2 1 - - - 1 - Accounts payable - related parties 9 - - - - - - Accrued interest 2 - - - - 2 - Accrued taxes 2 - - - - - - Other 1 - - - - - - -------------------------------------------------------------------------------- 25 2 - - - 68 - -------------------------------------------------------------------------------- Non-current Liabilities Postretirement benefits 4 - - - - - - Deferred income taxes 43 - 1 - - - - Deferred investment tax credit - - - - - - - Other 1 - - - - - - -------------------------------------------------------------------------------- 48 - 1 - - - - -------------------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $ 478 $ 3 $ 27 $ - $ 99 $ 98 $ - ================================================================================ (Continued on Following Page)
CMS NOMECO OIL AND GAS COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1994 (In Millions) (Continued from Previous Page)
NOMECO Equatorial NOMECO NOMECO NOMECO NOMECO Guinea Exploration NOMECO Colombia PNG Oil China Oil Oil & Gas (Thailand) Holdings Oil Co. Company Co. Limited Ltd. Company Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - Other paid-in-capital 5 3 - 7 - 29 Retained earnings (1) (2) 2 (7) 5 (21) -------------------------------------------------------------------- 4 1 2 - 5 8 Preferred stock - - - - - - Long-term debt - - 3 - - - -------------------------------------------------------------------- 4 1 5 - 5 8 -------------------------------------------------------------------- Current Liabilities Current portion of long-term debt - - 1 - - - Notes payable - - 6 - 6 - Accounts payable - - - - - - Accounts payable - related parties - - - - 1 3 Accrued interest - - - - - - Accrued taxes - - - - - - Other - - - - - - -------------------------------------------------------------------- - - 7 - 7 3 -------------------------------------------------------------------- Non-current Liabilities Postretirement benefits - - - - - - Deferred income taxes - - 1 - - (3) Deferred investment tax credit - - - - - - Other - - - - - - -------------------------------------------------------------------- - - 1 - - (3) -------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $ 4 $ 1 $ 13 $ - $ 12 $ 8 ==================================================================== (Continued on Following Page)
CMS NOMECO OIL AND GAS COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1994 (In Millions) (Continued from Previous Page)
Inter- CMS NOMECO company Oil and Gas Elimina- Company tions Consol. Capitalization Common Stockholders' Equity Common stock $ (1) $ 15 Other paid-in-capital (199) 122 Retained earnings 24 152 ------------------- (176) 289 Preferred stock - - Long-term debt - 119 ------------------- (176) 408 ------------------- Current Liabilities Current portion of long-term debt - 10 Notes payable (78) - Accounts payable - 4 Accounts payable - related parties (13) - Accrued interest (3) 1 Accrued taxes - 2 Other - 1 ------------------- (94) 18 ------------------- Non-current Liabilities Postretirement benefits - 4 Deferred income taxes - 42 Deferred investment tax credit - - Other - 1 ------------------- - 47 ------------------- Total Stockholders' Equity and Liabilities $ (270) $ 473 =================== (4) Represents CMS NOMECO Oil and Gas Company, NOMECO Venezuela LDC and NOMECO Argentina LDC consolidated.
CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 1994 (In Millions)
CMSG CMSG CMSG CMSG CMS Honey Filer CMSG Grayling CMSG Mon Generation Lake City Grayling Holdings Operating Valley Co.(5) Company Inc. Company Company Company Company Plant and Property (At Cost) Independent power production $ 2 $ - $ - $ - $ - $ - $ - Less accumulated depreciation, depletion and amortization - - - - - - - -------------------------------------------------------------------------------- 2 - - - - - - Construction work-in-progress - - - - - - - -------------------------------------------------------------------------------- 2 - - - - - - -------------------------------------------------------------------------------- Investments Associated companies 147 - - - - - - Other 10 23 10 1 10 - - -------------------------------------------------------------------------------- 157 23 10 1 10 - - -------------------------------------------------------------------------------- Current Assets Cash and temporary cash investments 2 - - - - - - Accounts receivable 20 - 2 1 - 3 - Prepayments and other - - - - - - - -------------------------------------------------------------------------------- 22 - 2 1 - 3 - -------------------------------------------------------------------------------- Non-current Assets Postretirement benefits - - - - - - - Other 42 - - 3 - - 1 -------------------------------------------------------------------------------- 42 - - 3 - - 1 -------------------------------------------------------------------------------- Total Assets $ 223 $ 23 $ 12 $ 5 $ 10 $ 3 $ 1 ================================================================================ (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 1994 (In Millions) (Continued from Previous Page)
CMSG Mid- CMSG Resource CMS CMSG Michigan Invest. CMSG CMSG Development Generation Recycling Recycling Company Cebu Operating Company S.A. Company L.L.C. I LDC S.A. Plant and Property (At Cost) Independent power production $ - $ - $ - $ 3 $ - $ - $ - Less accumulated depreciation, depletion and amortization - - - - - - - -------------------------------------------------------------------------------- - - - 3 - - - Construction work-in-progress - - - - - - - -------------------------------------------------------------------------------- - - - 3 - - - -------------------------------------------------------------------------------- Investments Associated companies - - 2 - 10 - - Other - 48 - - 1 8 12 -------------------------------------------------------------------------------- - 48 2 - 11 8 12 -------------------------------------------------------------------------------- Current Assets Cash and temporary cash investments - - - - - - - Accounts receivable - 1 - - - 1 - Prepayments and other - - - - - - - -------------------------------------------------------------------------------- - 1 - - - 1 - -------------------------------------------------------------------------------- Non-current Assets Postretirement benefits - - - - - - - Other 1 - - 1 - - - -------------------------------------------------------------------------------- 1 - - 1 - - - -------------------------------------------------------------------------------- Total Assets $ 1 $ 49 $ 2 $ 4 $ 11 $ 9 $ 12 ================================================================================ (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 1994 (In Millions) (Continued from Previous Page)
Oxford CMSG OTR Oxford/ Inter- CMS CMSG Tire San Northern CMS company Generation Holdings Supply Nicolas California Development Elimina- Company Company Inc. Company Inc. L.P. tions Consol. Plant and Property (At Cost) Independent power production $ - $ 1 $ - $ 1 $ 12 $ - $ 19 Less accumulated depreciation, depletion and amortization - - - - - - - -------------------------------------------------------------------------------- - 1 - 1 12 - 19 Construction work-in-progress - - - - - - - -------------------------------------------------------------------------------- - 1 - 1 12 - 19 -------------------------------------------------------------------------------- Investments Associated companies 1 - - - - (160) - Other 8 - 22 - (2) - 151 -------------------------------------------------------------------------------- 9 - 22 - (2) (160) 151 -------------------------------------------------------------------------------- Current Assets Cash and temporary cash investments - - - - - - 2 Accounts receivable 2 1 1 - 1 (7) 26 Prepayments and other - - - - - - - -------------------------------------------------------------------------------- 2 1 1 - 1 (7) 28 -------------------------------------------------------------------------------- Non-current Assets Postretirement benefits - - - - - - - Other 4 - - 2 - (10) 44 -------------------------------------------------------------------------------- 4 - - 2 - (10) 44 -------------------------------------------------------------------------------- Total Assets $ 15 $ 2 $ 23 $ 3 $ 11 $ (177) $ 242 ================================================================================ (5) 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 Pinamucan LDC, CMSG Cebu Operating LDC Company, CMSG Montreal Company, OTR of Bloomfield, Inc., OTR of Massachusetts, Inc. and OTR Southern California, Inc. consolidated.
CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1994 (In Millions)
CMSG CMSG CMSG CMSG CMS Honey Filer CMSG Grayling CMSG Mon Generation Lake City Grayling Holdings Operating Valley Co.(5) Company Inc. Company Company Company Company Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 290 5 6 4 7 3 - Retained earnings (74) 7 3 - 1 (1) - -------------------------------------------------------------------------------- 216 12 9 4 8 2 - Preferred stock - - - - - - - Long-term debt - - - - - - - -------------------------------------------------------------------------------- 216 12 9 4 8 2 - -------------------------------------------------------------------------------- Current Liabilities Current portion of long-term debt - - - - - - - Notes payable - - 1 - - - - Accounts payable 5 - - - - - - Accounts payable - related parties 2 - - 1 - - 1 Accrued interest 2 - - - - - - Accrued taxes 3 - - - - - - Other 4 - - - - - - -------------------------------------------------------------------------------- 16 - 1 1 - - 1 -------------------------------------------------------------------------------- Non-current Liabilities Postretirement benefits 1 - - - - 1 - Deferred income taxes (11) 9 2 - 2 - - Deferred investment tax credit - 2 - - - - - Other 1 - - - - - - -------------------------------------------------------------------------------- (9) 11 2 - 2 1 - -------------------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $ 223 $ 23 $ 12 $ 5 $ 10 $ 3 $ 1 ================================================================================ (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1994 (In Millions) (Continued from Previous Page)
CMSG Mid- CMSG Resource CMS CMSG Michigan Invest. CMSG CMSG Development Generation Recycling Recycling Company Cebu Operating Company S.A. Company L.L.C. I LDC S.A. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 1 45 2 4 11 9 12 Retained earnings - 3 - - - - - -------------------------------------------------------------------------------- 1 48 2 4 11 9 12 Preferred stock - - - - - - - Long-term debt - - - - - - - -------------------------------------------------------------------------------- 1 48 2 4 11 9 12 -------------------------------------------------------------------------------- Current Liabilities Current portion of long-term debt - - - - - - - Notes payable - - - - - - - Accounts payable - - - - - - - Accounts payable - related parties - - - - - - - Accrued interest - - - - - - - Accrued taxes - - - - - - - Other - 1 - - - - - -------------------------------------------------------------------------------- - 1 - - - - - -------------------------------------------------------------------------------- Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - - - - - - - Deferred investment tax credit - - - - - - - Other - - - - - - - -------------------------------------------------------------------------------- - - - - - - - -------------------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $ 1 $ 49 $ 2 $ 4 $ 11 $ 9 $ 12 ================================================================================ (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1994 (In Millions) (Continued from Previous Page)
Oxford CMSG OTR Oxford/ Inter- CMS CMSG Tire San Northern CMS company Generation Holdings Supply Nicolas California Development Elimina- Company Company Inc. Company Inc. L.P. tions Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 3 2 21 1 11 (149) 288 Retained earnings (1) (2) 1 - - (11) (74) -------------------------------------------------------------------------------- 2 - 22 1 11 (160) 214 Preferred stock - - - - - - - Long-term debt 10 - - 1 - (10) 1 -------------------------------------------------------------------------------- 12 - 22 2 11 (170) 215 -------------------------------------------------------------------------------- Current Liabilities Current portion of long-term debt - - - - - - - Notes payable - - - - - - 1 Accounts payable - - - - - - 5 Accounts payable - related parties - 1 1 1 - (6) 1 Accrued interest 1 - - - - (1) 2 Accrued taxes - - - - - - 3 Other - - - - - - 5 -------------------------------------------------------------------------------- 1 1 1 1 - (7) 17 -------------------------------------------------------------------------------- Non-current Liabilities Postretirement benefits - - - - - - 2 Deferred income taxes 2 - - - - - 4 Deferred investment tax credit - - - - - - 2 Other - 1 - - - - 2 -------------------------------------------------------------------------------- 2 1 - - - - 10 -------------------------------------------------------------------------------- Total Stockholders' Equity and Liabilities $ 15 $ 2 $ 23 $ 3 $ 11 $ (177) $ 242 ================================================================================ (5) 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 Pinamucan LDC, CMSG Cebu Operating LDC Company, CMSG Montreal Company, OTR of Bloomfield, Inc., OTR of Massachusetts, Inc. and OTR Southern California, Inc. consolidated.
CMS ENERGY CORPORATION Consolidating Statement of Retained Earnings December 31, 1994 (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, 1994 $ (707) $ 54 $ (121) $ 67 $ (707) Net Income (Loss) 183 226 7 (213) 203 Less Dividends Paid Common Stock 67 - - - 67 Preferred Stock - 24 14 (14) 24 Associated Companies 4 176 (8) (172) - -------------------------------------------------------- 71 200 6 (186) 91 -------------------------------------------------------- Balance at December 31, 1994 $ (595) $ 80 $ (120) $ 40 $ (595) ======================================================== (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, 1994 (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, 1994 $ 58 $ 15 $ 1 $ 12 $ (23) $ (9) $ 54 Net Income (Loss) 226 3 1 6 6 (16) 226 Less Dividends Paid Common Stock - - - - - - - Preferred Stock 24 - - - - - 24 Associated Companies 180 - - - - (4) 176 -------------------------------------------------------------------------------- 204 - - - - (4) 200 -------------------------------------------------------------------------------- Balance at December 31, 1994 $ 80 $ 18 $ 2 $ 18 $ (17) $ (21) $ 80 ================================================================================ (2) Represents Consumers Power Company, CMS Engineering Company, ES Services Company and Midland Group, Inc. consolidated with Michigan Gas Storage Company and Huron Hydrocarbons, Inc. included on the equity method of accounting.
CMS ENTERPRISES COMPANY Consolidating Statement of Retained Earnings December 31, 1994 (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, 1994 $ (121) $ 142 $ (73) $ (3) $ (1) $ 1 $ 2 Net Income (Loss) 21 10 4 1 (1) 1 4 Less Dividends Paid Common Stock - - - - - - - Preferred Stock 14 - - - - - - Associated Companies 6 - 5 - - - 1 -------------------------------------------------------------------------------- 20 - 5 - - - 1 -------------------------------------------------------------------------------- Balance at December 31, 1994 $ (120) $ 152 $ (74) $ (2) $ (2) $ 2 $ 5 ================================================================================ (Continued on Following Page)
CMS ENTERPRISES COMPANY Consolidating Statement of Retained Earnings December 31, 1994 (In Millions) (Continued from Previous Page)
Inter- CMS CMS CMS company Enterprises Land Capital Elimina- Company Company Corp. tions Consol. Balance at January 1, 1994 $ - $ (1) $ (67) $ (121) Net Income (Loss) 1 - (20) 21 Less Dividends Paid Common Stock - - - - Preferred Stock - - - 14 Associated Companies - - (6) 6 -------------------------------------------- - - (6) 20 -------------------------------------------- Balance at December 31, 1994 $ 1 $ (1) $ (81) $ (120) ============================================ (3) Represents CMS Enterprises Company and KJL Limited, Inc. 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 include on the equity method of accounting.
CMS NOMECO OIL AND GAS COMPANY Consolidating Statement of Retained Earnings December 31, 1994 (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, 1994 $ 142 $ 1 $ - $ - $ 1 $ 4 $ (20) Net Income (Loss) 10 - (2) 1 1 1 - Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - - - - - - 1 -------------------------------------------------------------------------------- - - - - - - 1 -------------------------------------------------------------------------------- Balance at December 31, 1994 $ 152 $ 1 $ (2) $ 1 $ 2 $ 5 $ (21) ================================================================================ (Continued on Following Page)
CMS NOMECO OIL AND GAS COMPANY Consolidating Statement of Retained Earnings December 31, 1994 (In Millions) (Continued from Previous Page)
NOMECO Inter- CMS NOMECO Exploration NOMECO NOMECO company Oil and Gas (Thailand) China Oil PNG Oil Elimina- Company Limited Company Co. tions Consol. Balance at January 1, 1994 $ (3) $ (2) $ - $ 19 $ 142 Net Income (Loss) (4) - (1) 4 10 Less Dividends Paid Common Stock - - - - - Preferred Stock - - - - - Associated Companies - - - (1) - -------------------------------------------------------- - - - (1) - -------------------------------------------------------- Balance at December 31, 1994 $ (7) $ (2) $ (1) $ 24 $ 152 ======================================================== (4) Represents CMS NOMECO Oil and Gas Company, NOMECO Thailand Oil Company, NOMECO Pipeline Company, Explotaciones Nomeco Inc., NOMECO Venezuela LDC and NOMECO Argentina LDC consolidated.
CMS GENERATION COMPANY Consolidating Statement of Retained Earnings December 31, 1994 (In Millions)
CMSG CMSG CMSG Oxford CMS Honey Filer CMSG Grayling CMSG Tire Generation Lake City Holdings Holdings Operating Supply Co.(5) Company Inc. Company Company Company Inc. Balance at January 1, 1994 $ (73) $ 6 $ 2 $ - $ 1 $ (1) $ (2) Net Income (Loss) 4 3 3 (1) 1 - - Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies 5 2 2 - 1 - - -------------------------------------------------------------------------------- 5 2 2 - 1 - - -------------------------------------------------------------------------------- Balance at December 31, 1994 $ (74) $ 7 $ 3 $ (1) $ 1 $ (1) $ (2) ================================================================================ (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Statement of Retained Earnings December 31, 1994 (In Millions) (Continued from Previous Page)
CMSG Inter- CMS CMS San company Generation Generation Nicolas Elimina- Company S.A. Company tions Consol. Balance at January 1, 1994 $ - $ - $ (6) $ (73) Net Income (Loss) 3 1 (10) 4 Less Dividends Paid Common Stock - - - - Preferred Stock - - - - Associated Companies - - (5) 5 -------------------------------------------- - - (5) 5 -------------------------------------------- Balance at December 31, 1994 $ 3 $ 1 $ (11) $ (74) ============================================ (5) 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, Mid-Michigan Recycling L.L.C., CMSG Lyonsdale Company, CMSG Chateaugay Company, CMSG Investment Company I, CMSG Investment Company II, CMSG Pinamucan LDC, CMSG Cebu LDC, CMSG Cebu Operating LDC Company, CMSG Montreal Company, CMSG Operating S.A., OTR Northern California, Inc., OTR Southern California, Inc., OTR of Bloomfield, Inc., OTR of Massachusetts, Inc. and Oxford/CMS Development L.P. consolidated.
EX-27 3 FINANCIAL DATA SCHEDULE
OPUR3 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE STATEMENT OF INCOME AND BALANCE SHEET AND QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 1,000,000 YEAR DEC-31-1994 DEC-31-1994 PER-BOOK 7,384 3,619 179
EX-99 4 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. * * * CMS Generation San Nicolas Company * * * 50% CEMAS * * * 37% Inversora de San Nicolas, S.A. * * * 88% Central Termica San Nicolas, S.A. CMS Generation San Nicolas Company, the wholly owned subsidiary of CMS Generation Co., owns 50% of CEMAS which in turn owns 37% of Inversora de San Nicolas, which in turn owns 88% of Central Termica San Nicolas, S.A., the EWG. 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. * * * CMS Generation, S.A. * * * 25% Hidroinvest, S.A. * * * 59% El Chocon CMS Generation, S.A., a wholly-owned subsidiary of CMS Generation Co., owns 25% of Hidroinvest which in turn owns 59% of El Chocon, the EWG. 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 & II * * * CMS Generation Cebu Limited Duration Company * * * 32.5% Toledo Power Company CMS Generation Cebu Limited Duration Company, the wholly- owned subsidiary of CMS Generation Investment Company owns 32.5% of Toledo Power Company, the EWG. 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. * * * CMS Operating, S.A. * * * 80% Cuyana de Inversiones * * * 51% Centrales Termicas Mendoza, S.A. CMS Operating, S.A., the wholly-owned subsidiary of CMS Generation Co. owns 80% of Cuyana de Inversiones which in turn owns 51% of Centrales Termicas Mendoza, S.A., the EWG. -----END PRIVACY-ENHANCED MESSAGE-----