-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OPIBxzj9PtSxHmi5UJXs21fNTBePd7h+zmWjRUcdaTgQHrhlYsmkF8Xnv8ibNnPd ZTdtwSy4r/WiGOWFHIOS9Q== 0000811156-02-000014.txt : 20020414 0000811156-02-000014.hdr.sgml : 20020414 ACCESSION NUMBER: 0000811156-02-000014 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20011231 FILED AS OF DATE: 20020228 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: 02562777 BUSINESS ADDRESS: STREET 1: FAIRLANE PLZ S 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 cmsu3a2txt.txt 2002 CMS FORM U-3A-2, EXHIBIT A AND B File No. 69-333 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM U-3A-2 STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION UNDER RULE U-3A-2 FROM THE PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 _______________________________________________ TO BE FILED ANNUALLY PRIOR TO MARCH 1 _______________________________________________ CMS ENERGY CORPORATION (Name of Company) hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935, and submits the following information: February 28, 2002
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 (FUCO) in which claimant directly or indirectly holds an interest. Claimant has listed EWGs, identified by an asterisk (*) and FUCOs, identified by double asterisk (**) in order to maintain the continuity of the organizational chart. For the purpose of this filing CMS Energy will address the information requested in section 1 under the headings of CMS Energy Corporation, CMS Enterprises Company and Consumers Energy Company. As CMS Energy discusses in detail below, CMS Energy Corporation is the parent company for CMS Enterprises Company and Consumers Energy Company. All ownership interests are 100% unless indicated parenthetically to the contrary. A. CMS ENERGY CORPORATION Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Energy Corporation ("CMS Energy") was duly incorporated under the laws of the state of Michigan in 1987. CMS Energy is a $13 billion (sales) energy company with subsidiaries engaged in electric utility operations, gas utility operations, oil and gas exploration and production, the acquisition, development and operation of independent power production facilities, energy marketing and trading and the transportation, storage and marketing of natural gas. The name, state of organization and nature of business of CMS Energy's direct subsidiaries are described below: 1. CMS Enterprises Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Enterprises Company is a Michigan corporation that owns subsidiaries engaged in the development, acquisition and management of energy-related businesses and projects worldwide. 2. Consumers Energy Company Address: 212 West Michigan Avenue, Jackson, Michigan 49201 Consumers Energy Company is a Michigan corporation engaged in the generation, purchase, transmission, distribution and sale of electricity, and in the purchase, storage, transmission, distribution and sale of natural gas in the lower peninsula of the state of Michigan.
B. CMS ENTERPRISES COMPANY Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 The name, state of organization and nature of business of each subsidiary and their subsidiaries are described below: 1. CMS Capital, L.L.C. Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Capital, L.L.C. is a Michigan limited liability company formed to assist in securing for CMS Energy Corporation and its subsidiaries and affiliates. 1.1 CMS Capital Financial Services, Inc. Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Capital Financial Services, Inc. is a Michigan corporation engaged in the business of making loans to homeowners and small businesses for energy-related goods or services. 1.1.1 First Utility Finance, Inc., a Michigan corporation. 1.2 EnerBank U.S.A. Address: 1245 East Brickyard Road, Suite 100, Salt Lake City, Utah 84106 EnerBank U.S.A. is a Utah corporation formed to be an Industrial Loan Corporation licensed in Utah and insured by the Federal Deposit Insurance Corporation. 2. CMS Comercializadora de Energia S.A. (98.52%) Address: Avenida Roque Saenz Pena 1116, 9th Floor, Buenos Aires, Argentina CMS Comercializadora de Energia S.A. is an Argentine company engaged in gas and electric marketing operations in Argentina. 3. *CMS Distributed Power, L.L.C. Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Distributed Power, L.L.C. is a Michigan limited liability company formed for the purpose of aggregating the output from multiple generators to have power available on demand.
4. CMS Electric and Gas Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Electric and Gas Company is a Michigan corporation involved in purchasing, investing in and operating gas and electric distribution systems worldwide. 4.1 CMS Comercializadora de Energia Ltda (99.99%) Address: Praia de Botafogo, 440-16 andar, Rio de Janeiro, RJ-Brazil CMS Comercializadora de Energia Ltda is a Brazilian corporation formed in Brazil for energy marketing services. 4.2 CMS Distribuidora, Ltda. (99.99%) Address: Av Rio Branco 85, 8th Floor, Rio de Janeiro, Brazil CMS Distribuidora, Ltda. is a Brazilian corporation formed as controller of the investments in Brazil concerning distribution of energy. 4.1 CMS Participacoes Ltda., a Brazilian corporation (99.99%) 4.1.1 **Companhia Paulista de Energia Eletrica (CPEE), a Brazilian corporation (93.86%) 4.1.1.1 Agropecuaria Turvinho Ltda., a Brazilian corporation (99%) 4.1.1.2 **Companhia Sul Paulista de Energia Eletrica (CSPE), a Brazilian corporation (88.63%) 4.1.1.2.1 **Companhia Jaguari de Energia S.A. (CJE), a Brazilian corporation 4.2.1.1.2.1.1 **Companhia Luz e Forca decoco S.A. (CLFM), a Brazilian corporation 4.4.1.1.2.1.2 CPEE Equipamentos Eletricos e Servicos Ltda. (CPEEE) (99.86%), a Brazilian corporation 4.4.1.1.3 Paulista Lajeado (7%) 4.3 CMS Electric and Gas Moldova, L.L.C. Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, MI 48126 CMS Electric and Gas Moldova, L.L.C is a Michigan limited liability company formed for the purpose of providing organization, administrative and consulting services in Moldova on a non-profit basis under an agreement executed with the United States Agency for International Development to provide advice and assistance for improvements in energy system operations in Moldova.
4.4 CMS Empreendimentos Ltda (99.99%) Address: Praia de Botafogo 440 - 16 andar, 22250.040, Rio de Janeiro RJ, Brazil CMS Empreendimentos Ltda is a Brazilian company established as the Rio de Janeiro Office in Brazil. 4.5 CMS Netherlands Funding Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Netherlands Funding Company is a Michigan corporation formed as a holding company for CMS Electric and Gas Company's international interests. 4.5.1 Notera Holding B.V., a Netherlands company 4.6 CMS Venezuela, S.A. Address: Calle Ppal Sector San Lorenzo, Edificio Seneca - Pampatar - 6316, Edo. Nueva Esparta, Venezuela CMS Venezuela, S.A. is a Venezuelan company formed to operate Sistema Electrico del Estado Nueva Esparta C.A. (SENECA). 4.6.1 Sistema Electrico del Estado Nueva Esparta C.A. (SENECA) (52.37%) a Venezuela corporation. 4.7 ENELMAR, S.A. (100%) Address: Calle Ppal. Sector San Lorenzo, Edificio Seneca - Pampatar - 6316, Edo. Nueva Esparta, Venezuela ENELMAR, S.A. is a Venezuelan company formed to hold CMS Electric and Gas Company's interest in the privatized electric system of the state of Nueva Esparta. 4.7.1 **Sistema Electrico del Estado Nueva Esparta C.A. (SENECA) (33.34%), a Venezuelan corporation. 5. CMS Energy Asia Private Limited (Singapore) Address: 80 Raffles Place #26-20, UOB Plaza 2, Singapore 04862 CMS Energy Asia Private Limited is a Singapore corporation involved in the development of electrical generation and distribution opportunities, gas transmission, storage and distribution opportunities, electrical and gas marketing opportunities and oil and gas exploration and development opportunities in Asia and the Pacific Rim.
5.1 Batam Energy (S) Pte. Ltd. (50%) Address: Shook Lin & Bok, 1 Robinson Road, #19-01 AIA Tower, Singapore 048542, Singapore Batam Energy(S) Pte. Ltd. is a Singapore corporation formed for development, construction, financing, ownership and operation of an approximately 650 MW combined-cycle power plant to be located in Batam, Indonesia, including the 2 x 230 kV submarine cables connecting Batam and Singapore. P.T. Batam Energi Indonesia Company is the Project Company. 5.2 CMS Energy India Pte Ltd (India) (99%) Address: Units 203 & 204, Capital Towers, 180, Nungambakkam High Road, Kodambakkan, Chennai 600 034 India CMS Energy India Private Limited is an Indian company formed to pursue development opportunities in India. 6. CMS Energy South America Company (CESA) Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Energy South America Company is a Cayman Islands Company formed to provide for consolidation of the development expenses and activity in Argentina and Brazil. 6.1 CMS Enterprises Development Company S.A. (CEDC) (99.99%) Address: Edificio Torre Catalinas Plaza, Ing. Enrique Butty 220, 8 Piso (Av. E. Madero Alt. 800/900) (1300) Buenos Aires, Argentina CMS Enterprises Development Company S.A. is an Argentine company formed to handle the development work in Argentina. 7. CMS Energy Technology Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Energy Technology Company is a Michigan corporation formed for the purpose of networked distributed generation. 8. CMS Energy UK Limited Address: 43-45 Portman Square, 4th Floor, London, England W1HOAB CMS Energy UK Limited is an United Kingdom limited liability company involved in the development of energy-related businesses and projects in Europe, Africa and the Middle East. 9. CMS Enterprises Development, L.L.C. Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Enterprises Development, L.L.C. is a Michigan limited liability company formed to invest in various projects, including but not limited to, a zirconium recovery project.
10. CMS Enterprises Holding Company S.A. (99%) Address: Edificio Torre Catalinas Plaza, Ing. Enrique Butty 220, 8 Piso (Av. E. Madero Alt. 800/900) (1300) Buenos Aires, Argentina CMS Enterprises Holding Company S. A. is an Argentine holding corporation. 11. CMS Gas Transmission Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Gas Transmission Company is a Michigan corporation organized to engage in the transmission, storage and processing of natural gas. 11.1 Atlantic Methanol Capital Company (50%) Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Atlantic Methanol Capital Company is a Cayman Islands company formed to assist in the financing relating to the Equatorial Guinea methanol plant. 11.1.1 CMS Methanol Company, a Cayman Islands company 11.2 CMS Antrim Gas LLC Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Antrim Gas LLC is a Michigan limited liability company formed for the purpose of owning and operating the central carbon dioxide removal plant in Otsego County, Michigan. 11.3 CMS Bay Area Pipeline, LLC Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, MI 48126 A Michigan limited liability company involved in natural gas transportation. 11.4 CMS Field Services, Inc. Address: Boulder Towers, 1437 South Boulder, Suite 1250, Tulsa, Oklahoma 74119 CMS Field Services, Inc. is a Michigan corporation, formerly known as CMS Continental Natural Gas, Inc., involved in the transmission and distribution of natural gas. 11.4.1 Bighorn Gas Gathering, L.L.C. (50%), a Delaware limited liability company 11.4.2 Bradshaw Energy, L.L.C. (97.5%), an Oklahoma limited liability company 11.4.3 Choctaw Thrust Gas Gathering System (33.33%) 11.4.4 CMS Cherokee Gas Processing, L.L.C., an Oklahoma limited liability company
11.4.5 CMS Field Services Holdings Company, Oklahoma corporation 11.4.5.1 CMS Taurus Field Services, L.P. (1%) 11.4.5.2 Bighorn Gas Gathering, L.L.C. (1%) 11.4.6 CMS Gas Processing, L.L.C., an Oklahoma limited liability company 11.4.7 CMS Gulf Coast Field Services, L.L.C., a Michigan limited liability company 11.4.8 CMS Hydrocarbon, L.L.C., an Oklahoma limited liability company 11.4.9 CMS Laverne Gas Processing, L.L.C., an Oklahoma limited liability company 11.4.10 CMS Natural Gas Gathering, L.L.C., an Oklahoma limited liability company 11.4.11 CMS Oklahoma Natural Gas Gathering, L.L.C., an Oklahoma limited liability company 11.4.12 CMS Pipeline Company, L.L.C., an Oklahoma limited liability company 11.4.13 CMS Taurus Holdings Company, L.L.C. an Oklahoma limited liability company 11.4.13.1 CMS Taurus Field Services, L.P. (99%) 11.4.14 Fort Union Gas Gathering, L.L.C. (33.33%), a Delaware limited liability company 11.4.15 CBC/Leon Limited Partnership (89%), an Oklahoma limited partnership 11.4.15.1 Bright Star Partnership (4.57%) 11.4.16 Leon Limited Partnership (50%), an Oklahoma limited partnership 11.4.16.1 Bright Star Partnership (5.43%) 11.5 CMS Gas Argentina Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Gas Argentina Company is a Cayman Islands company with an equity interest in Transportadora de Gas del Norte S.A., an Argentine company, which provides natural gas transmission services to the northern and central parts of Argentina. 11.5.1 Transportadora de Gas del Norte S.A. (TGN) (29.4%) Transportadora de Gas del Norte S.A. is an Argentina corporation. 11.6 CMS Gas Offshore Investment Ltd. Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, MI 48126 CMS Gas Offshore Investment Ltd. is a Cayman Islands corporation formed for financing, procurement, rehabilitation, upgrading, extension, ownership, operation and maintenance of existing power generation and sea water desalination project at the Taweelah complex in Abu Dhabi. 11.7 CMS Grands Lacs LLC Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Grands Lacs LLC is a Michigan limited liability company that owns and operates transmission lines in Michigan.
11.8 CMS Jackson Pipeline Company Address: Fairlane Plaza South, Suite 1040, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Jackson Pipeline Company is a Michigan corporation involved as a 75% General Partner in Jackson Pipeline Company, a Michigan general partnership. 11.9 CMS Marysville Gas Liquids Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Marysville Gas Liquids Company is a Michigan corporation that holds 100% interest in Marysville Fractionation Partnership and 51% interest in St.Clair Underground Storage Partnership. 11.10 CMS Saginaw Bay Lateral Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Saginaw Bay Lateral Company is a Michigan corporation formerly a 33% Limited Partner in the Saginaw Bay Lateral Limited Partnership, a Michigan limited partnership. 11.11 Nitrotec Corporation (50%) Address: 1021 Main Street, Suite 2800, Houston, Texas 77002 Nitrotec Corporation is a Delaware corporation formed to invest in plants that extract helium from natural gas. 11.12 Otsego EOR LLC (25%) Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Otsego EOR LLC is a Michigan limited liability company formed as an enhanced oil-recovery project consisting of three oil reservoirs and pipeline and compression facilities located in Otsego County, Michigan. 11.13 Panhandle Eastern Pipe Line Company Address: 5444 Westheimer Court, Houston, TX 77056-5310 Panhandle Eastern Pipe Line Company is a Delaware corporation formed for the transmission of natural gas. 11.13.1 CMS Panhandle Eastern Resources, LLC., a Delaware corporation 11.13.2 CMS Panhandle Storage Company, a Delaware corporation 11.13.3 CMS Pan Gas Storage Company, LLC a Delaware limited liability company 11.13.4 Trunkline Field Services Company, a Delaware corporation 11.13.4.1 CMS Trunkline Gas Resources, Inc., a Delaware limited liability company
11.13.5 CMS Panhandle Holdings, LLC, a Delaware limited liability company 11.13.5.1 *CMS Panhandle Lake Charles Generation Company, LLC, a Delaware limited liability 11.13.5.2 CMS Trunkline LNG Company, LLC, a Delaware limited liability company 11.13.5.3 Centennial Pipeline, L.L.C. (33.33%), a Delaware limited liability company 11.13.5.4 CMS Trunkline Gas Company, LLC, a Delaware limited liability company 11.13.5.5.1 CMS Trunkline Deepwater Pipeline Company, a Delaware limited liability company 11.13.5.5.1.1 Sea Robin Pipeline Company (50%) 11.13.5.5 Guardian Pipeline, L.L.C. (33.33%) 11.14 TriState Pipeline, L.L.C Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 TriState Pipeline, L.L.C. is a Michigan limited liability company originally formed to hold interests in the TriState Pipeline. 11.15 Western Australia Gas Transmission Company I Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Western Australia Gas Transmission Company I is a Cayman Islands corporation formed to hold interests in a natural gas pipeline project in Australia and the Atacama Project in Chile. 11.15.1 CMS Gas Transmission del Sur Company, a Cayman Islands corporation 11.15.1.1 Atacama Finance Co. (50%) 11.15.1.2 CMS Atacama Company 11.15.1.3 Compania de Inversiones CMS Energy-Chile Limitada (60%), a Chilean company 11.15.1.3.1 Administradora Proyecto Atacama S.A. (50%) 11.15.1.3.2 Gasoducto Atacama Compania Ltda (50%) 11.15.1.3.2.1 Gasoducto Taltal Limitada (99%) 11.15.1.3.2.2 Progas S.A. (99.99%) 11.15.1.3.3 Noroeste Pacifico Generacion de Energia Limitada (NOPEL) (50%) 11.15.1.3.3.1 CDEC-SING (14.29%) 11.15.1.3.3.2 Empresa de Transmision Electrica Transemel SA (40%) 11.15.1.4 Energex Co. (30%) 11.15.1.5 Gasoducto Cuenca Noroeste Limitada (30%) 11.15.1.5.1 Gasoducto Cuenca Noroeste Limitada Argentine Branch 11.15.1.5.2 Gasoducto Taltal Limitada (1%) 11.15.2 CMS Gas Transmission of Australia Holding Company, a Cayman Islands corporation
11.15.2.1 CMS Gas Transmission of Australia, a Cayman Islands corporation 11.15.3 CMS International Financial Services Company, a Cayman Islands corporation 11.15.4 CMS Luxembourg SARL, a Luxemburg corporation 11.15.4.1 Valandrid B.V. a Netherlands corporation 11.15.4.1.1 CMS Goldfields Gas Transmission Australia Pty. Ltd., a Australian corporation 11.15.4.1.1.1 SCP Investments (No. 1) PTY. LTD (45%) 11.15.4.1.1.1.1 SCP Investments (No. 2) PTY. LTD 11.15.4.1.1.1.1.1 Southern Cross Pipelines Australia PTY. LTD. 11.15.4.1.1.1.1.1.1 Goldfields Gas Transmission Joint Venture (66.664%) 11.15.4.1.1.1.1.1.1.1. Goldfields Gas Trans-mission PTY. LTD 11.15.4.1.1.1.2 SCP Investments (No 3) PTY. LTD 11.15.4.1.1.1.2.1 Southern Cross Pipelines (NPL) Australia PTY. LTD. 11.15.4.1.1.1.2.1.1 Goldfields Gas Transmission Joint Venture (25.5%) 11.15.4.1.1.1.2.1.1.1 Goldfields Gas Trans-mission PTY. LTD. 11.15.4.1.2 CMS TriState Canada Unlimited Company (Inactive) 12. CMS Generation Co. Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 C CMS Generation Co is a Michigan corporation engaged in the development of and investment in cogeneration and other independent power generation projects both domestic and foreign. 12.1 CMS Centrales Termicas S.A. (99%) Address: Avenida Presidente Roque Saenz Pena 1116, 9th Floor, Buenos Aires, Argentina CMS Centrales Termicas S.A. is an Argentine company formed to own an interest in a 540 MW natural gas/fuel oil-fired electric power plant near Mendoza, Argentina. 12.2 CMS Generation Altoona Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Altoona Company is a Michigan corporation formed to develop, construct, own, operate and maintain a bituminous coal, bituminous coal waste or other solid fuel-burning facility.
12.3 CMS Generation Chateaugay Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Chateaugay Company is a Michigan corporation involved as a General Partner in KES Chateaugay, LP, a limited partnership. 12.4 CMS Generation Filer City, Inc. Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Filer City, Inc. is a Michigan corporation involved as a 1% General Partner in the T.E.S. Filer City Station Limited Partnership, a Michigan limited partnership that is the owner of the 54 megawatt (net) wood chip and coal-fired electric generating station in Filer City, Michigan. 12.5 CMS Generation Filer City Operating Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Filer City Operating Company is a Michigan corporation formed to operate a coal and waste wood-fueled power plant near Filer City, Michigan owned by the T.E.S. Filer City Station Limited Partnership. 12.6 CMS Generation Genesee Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Genesee Company is a Michigan corporation involved as a 1% General Partner in the Genesee Power Station Limited Partnership, a Delaware limited partnership, which owns and operates a 35-megawatt (net) waste wood-fired electric generating facility located in Genesee County, Michigan. 12.7 CMS Generation Grayling Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Grayling Company is a Michigan corporation involved as a 1% General Partner in Grayling Generating Station Limited Partnership, a Michigan limited partnership, that owns a 36-megawatt (net) waste wood-fueled power plant in Grayling, Michigan. Grayling Generating Station Limited Partnership owns GGS Holdings Company, a Michigan corporation, which is a .5% General Partner in AJD Forest Products Limited Partnership that operates a sawmill adjacent to the Grayling Generating Station and also supplies waste wood fuel to Grayling Generating Station Limited Partnership is a 49.5% Limited Partner in AJD Forest Products Limited Partnership, a Michigan limited partnership.
12.8 CMS Generation Grayling Holdings Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Grayling Holdings Company is a Michigan corporation involved as a 49% Limited Partner in Grayling Generating Station Limited Partnership, a Michigan limited partnership. Grayling Generating Station Limited Partnership owns GGS Holdings Company, a Michigan corporation that owns a .5% General Partner interest in AJD Forest Products Limited Partnership, a Michigan limited partnership. 12.8.1 Grayling Partners Land Development LLC (49%), a Michigan company. 12.9 CMS Generation Holdings Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Holdings Company is a Michigan corporation involved as a limited partner in various partnerships and in the following companies: 12.9.1 GPS Newco, L.L.C. (50%), a Kansas limited liability company 12.9.2 Moose River Properties (50%), a Delaware corporation 12.10 CMS Generation Honey Lake Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Honey Lake Company is a Michigan corporation with a General Partnership interest and a Limited Partnership interest in HL Power Company, a California limited partnership that uses waste wood and geothermal fluid to generate a 30-megawatt (net) electric generating station in Lassan County, California. Also involved as General Partner in Honey Lake Energy I LP, and Honey Lake Energy II LP, both Michigan limited partnerships formed to own limited partnership interests in HL Power Company. 12.11 CMS Generation Investment Company I Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Investment Company I is a Cayman Islands company involved as a holding company for CMS Generation overseas investments that engage in the construction, ownership or operation of various power projects in the Philippines, India, Morocco, Thailand, United Arab Emirates, Ghana and Australia. 12.11.1 *CMS Generation Cebu Limited Duration Company (99%), a Cayman Islands company 12.11.1.1 Toledo Power Company (47.5%) 12.11.1.2 Toledo Holdings Corp. (40%) 12.11.2 CMS Generation Cebu Operating Limited Duration Company (99%), a Cayman Islands company 12.11.3 CMS Generation Investment Company IV
12.11.3.1 CMS Generation Investment Company II, a Cayman Islands company 12.11.3.1.1 CMS Generation Jorf Lasfar I LDC (65%), Cayman Islands company 12.11.3.1.2 CMS Generation Jorf Lasfar II LDC (65%), Cayman Islands company 12.11.3.1.3 *CMS Generation Cebu Limited Duration Company (1%), a Cayman Islands company 12.11.3.1.4 *CMS Generation Cebu Operating Limited Duration Company (1%), a Cayman Islands company 12.11.3.2 CMS Generation Jorf Lasfar III LDC (50%), a Cayman Islands company 12.11.3.3 CMS Generation Luxembourg SARL, a Luxembourg company 12.11.3.3.1 CMS Generation Netherlands B.V., a Netherlands company 12.11.3.3.1.1 Jorf Lasfar Energiaktibolag, a Swedish corporation 12.11.3.3.1.1.1 *Jorf Lasfar Energy Company SCA (25%), a Moroccan company 12.11.3.3.1.2 Jorf Lasfar Power Energy Aktiebolag, a Swedish company 12.11.3.3.1.2.1 *Jorf Lasfar Energy Company SCA (23%), a Moroccan company 12.11.4 CMS Generation Investment Company V 12.11.4.1 Gasoducto Cuenca Noroeste Ltda. (20%) 12.11.5 CMS Generation Investment Company VI 12.11.5.1 CMS Takoradi Investment Company 12.11.5.1.1 CMS Takoradi Investment Company II 12.11.5.1.1.1 *Takoradi International Company (Ghana) (90%) 12.11.6 CMS Generation Investment Company VII 12.11.6.1 CMS Generation Taweelah Limited 11.11.6.1.1 **Emirates CMS Power Company (40%) 11.11.6.1.1.1 Taweelah Shared Facilities Company LLC (17%), a United Arab Emirates company 12.11.6.2 CMS Jubail Investment Company I, a Cayman Islands company 12.11.6.2.1 Jubail Energy Company (50%) 12.11.6.3 Shuweihat General Partner Company (50%), a Cayman Islands company 12.11.7 CMS Generation Loy Yang Holdings 1 Ltd. 12.11.7.1 **Horizon Energy Holdings Ltd. 12.11.7.1.1 Loy Yang Power Projects Pty. Ltd. (49.6%) 12.11.7.1.2 Loy Yang Power Management Pty Ltd (49.6%) 12.11.7.1.3 **Loy Yang Power Partners (24.63%) 12.11.8 CMS Generation Loy Yang Holdings 2 Ltd. 12.11.8.1 **CMS Generation Horizon Energy Holdings Ltd 12.11.8.1.1 Loy Yang Power Projects Pty Ltd (49.6%) 12.11.8.1.2 Loy Yang Power Management Pty. Ltd. (49.6%) 12.11.8.1.3 *Loy Yang Power Partners (25%) 12.11.9 CMS Generation Pinamucan Limited Duration Company (99%) 12.11.10 CMS Generation Pinamucan Operating Limited Duration Company (99%) 12.11.11 ENELMAR, S.A. (40%) (Venezuela) 12.11.12 Energex Co. (20%) (Cayman Islands) 12.11.13 *National Power Supply Co. Ltd. (Thailand) (66.24%) 12.11.14 Servicios de Aguas de Chile CMS y Compania Limitada (99.99%)
12.12 CMS Generation Lyonsdale Company Address: Fairlane Plaza South, Suite 1000, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Lyonsdale Company is a Michigan corporation involved as a General Partner in the Lyonsdale Energy Limited Partnership that owns and operates a 19 MW (net) waste wood-fired electric generating facility in Lyonsdale, New York. 12.13 *CMS Generation Michigan Power L.L.C. Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Michigan Power L.L.C. is a Michigan limited liability corporation formed to own generating units that are to be sited in Michigan for the purpose of generating power during peak demand periods. 12.14 CMS Generation Mon Valley Company Address: Fairlane Plaza South, Suite 1000, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Mon Valley Company is a Michigan corporation involved as General Partner in the Mon Valley Energy Limited Partnership formed to develop, construct, finance and operate the Mon Valley Project, an 80-megawatt (net) coal fired cogeneration plant in Pennsylvania. 12.15 CMS Generation Montreal Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Montreal Company is a Michigan corporation that owns and operates a waste wood recovery facility in the greater Montreal, Quebec, Canada area. 12.16 *CMS Generation Operating Company Address: Fairlane Plaza South, Suite 1000, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Operating Company is a Michigan corporation formed to be involved in the operation of various power plants including Grayling, Chateaugay, Exeter and Genesee. 12.17 CMS Generation Recycling Company Address: Fairlane Plaza South, Suite 1000, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Recycling Company is a Michigan corporation involved as a member of Mid-Michigan Recycling, LLC, a Michigan limited liability company, formed to supply waste wood fuel for the Genesee Power Station Limited Partnership.
12.17.1 Mid-Michigan Recycling, L.C. (50%) 12.18 CMS Generation SA (99.99%) Address: Edificio Torre Catalinas Plaza, Ing. Enrique Butty 220, 8 Piso, (Av. E. Madero Alt. 800/900), (1300) Buenos Aires, Argentina CMS Generation SA is an Argentine company formed to carry out on its own account or that of third parties investments in energy-related businesses located primarily in South America. 12.18.1 *Hidroelectrica El Chocon S.A. (2.48%), an Argentine company 12.18.2 *Hidroinvest SA, an Argentine company (25%) 12.18.2.1 *Hidroelectricidad El Chocon S.A. (59%) an Argentine company 12.19 CMS Generation San Nicolas Company (.1%) Address: Fairlane Plaza South, Suite 1000, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation San Nicolas Company is a Michigan corporation formed to hold an equity interest in an Argentine company that is the owner and operator of a 650 MW power plant located in San Nicolas, Argentina. 12.19.1 Inversora de San Nicolas, SA (.1%) 12.19.1.1 *Centrales Termica San Nicolas S.A. (88%) 12.20 *CMS International Operating Company Address: Fairlane Plaza South, Suite 1000, 330 Town Center Drive, Dearborn, Michigan 48126 CMS International Operating Company is a Cayman Islands corporation, formed to own and control project operating and maintenance companies. 12.20.1 CMS (India) Operations and Maintenance Company Private Limited (99%), an India Company 12.20.2 Jorf Lasfar Operations Handelsbolag (99%) 12.20.2.1 *CMS Morocco Operating Co, SCA (99.7%) 12.20.2.2 *Jorf Lasfar Energy Company SCA (2%), a Moroccan company 12.21 *Dearborn Generation Operating, L.L.C Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Dearborn Generation Operating, L.L.C. is a Michigan Limited Liability Company formed to operate the Ford/Rouge project.
12.22 Dearborn Industrial Energy, LLC Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Dearborn Industrial Energy, LLC is a Michigan limited liability corporation formed to own and operate the power project at the Ford/Rouge complex. 12.22.1 *Dearborn Industrial Generation, L.L.C. 12.23 Exeter Management Company (100%) Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Exeter Management Company is a Connecticut corporation involved as a General Partner in the Exeter Energy Limited Partnership that owns and operates a 26-megawatt (net) tire-burning facility in Sterling, Connecticut. 12.23.1 *Exeter Energy Limited Partnership (2%) 12.24 CMS International Ventures, L.L.C. (33.33%) Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS International Ventures, L.L.C is a Michigan corporation formed to facilitate the continuing investment in, and sale of, CMS Indian and Argentine projects on a joint basis to be managed by CMS Generation. 12.25 HYDRA-CO Enterprises, Inc. Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 HYDRA-CO Enterprises, Inc is a New York corporation engaged in the ownership and/or operation, by itself or with others, of one or more cogeneration, small hydro or alternate energy production facilities through partnership interests and ownership of domestic corporations. HYDRA-CO is involved in the development, ownership, management or operation of independent power projects located in seven states and in Jamaica. 12.25.1 CMS Generation Operating Company II, Inc. 12.25.1.1 HCO-Jamaica, Inc. 12.25.1.1.1 *Private Power Operators Limited (50%) 12.25.2 CMS Generation Stratton Company 12.25.3 HCE-Appomattox, Inc. 12.25.4 HCE-Biopower, Inc. 12.25.5 HCE-Hudson, Inc. 12.25.6 HCE-Jamaica Development, Inc. 12.25.7 HCE-Rockfort Diesel, Inc. 12.25.7.1 *Jamaica Private Power Company, Limited (41.18%) 12.25.8 HYDRA-CO Generation, Inc. (Inactive) 12.25.9 Jamaica Energy Team Limited (59.7%)
12.25.10 New Bern Energy Recovery, Inc. 12.26 McCook Cogeneration Station, LLC (50%) (Inactive) Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 McCook Cogeneration Station, LLC is a Michigan limited liability company formed to develop and own a 40-megawatt (net) waste wood fueled electric generating facility located in Cook County, Illinois. 12.27 McCook Waste Wood Recovery Facility, LLC (50% Member) Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 McCook Waste Wood Recovery Facility, LLC is a Michigan limited liability company formed to develop and own a waste wood recycling and processing facility where waste wood will be received, manually and mechanically separated and then recycled or processed for use at McCook Cogeneration Station, LLC. 12.28 Metro East, LLC (50%) (Inactive) Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Metro East, LLC is 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 Madison, Illinois. 12.29 Midland Cogeneration Venture Expansion, LLC (50%) Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Midland Cogeneration Venture Expansion is a Delaware limited liability company formed to develop the MCV Expansion including ordering and funding long-lead equipment. 12.30 Oxford Tire Recycling, Inc. (Inactive) Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Oxford Tire Recycling, Inc. is a Delaware corporation engaged in tire collection, shredding and storage, the sale of used and shredded tires, and related business activities.
12.31 Oxford Tire Recycling of Massachusetts, Inc. Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Oxford Tire Recycling of Massachusetts, Inc. is a Delaware corporation engaged in waste tire collection, shredding and storage, the sale of used and shredded tires, and related business activities. 12.32 Oxford Tire Supply, Inc. Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Oxford Tire Supply, Inc. is a Delaware corporation engaged in trucking and hauling used scrap tires and sorting and grading tires for resale. 12.33 *Exeter Energy Limited Partnership (50%) Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Exeter Energy Limited Partnership is a Connecticut limited partnership formed to hold an interest in Exeter 26 MW tire-fueled cogeneration plant. 12.34 **Taweelah A2 Operating Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Taweelah A2 Operating Company is a Michigan corporation formed to operate the Taweelah A2 electric generating units in Abu Dhabi, United Arab Emirates. 12.35 Oxford/CMS Development L.P. (48%) Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Oxford/CMS Development L.P. is a Michigan limited partnership formed to own a 48% limited partner interest in Exeter Energy Limited Partnership. 12.35.1 *Exeter Energy Limited Partnership (48%) 13. CMS Land Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Land Company is a Michigan corporation formed to act as a repository for any unused real property formerly owned by Consumers Energy Company and hold the same for possible non-utility development.
13.1 Bay Harbor Company, L.L.C. (50%) Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Bay Harbor Company is a Michigan limited liability company that is the owner and developer of Bay Harbor, a real estate development. 13.2 Bay Harbor Village Company, L.L.C. (50%). Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Bay Harbor Village Company is a Michigan limited liability company involved in the retail shop, restaurant and residential real estate aspects of the Bay Harbor Resort development. 14. CMS International Ventures, L.L.C. (66.67%) Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS International Ventures, L.L.C. is a Michigan corporation formed to facilitate the continuing investment in, and sale of, CMS Indian and Argentine projects on a joint basis, managed by CMS Generation. 14.1 CMS Generation Investment Company III, a Cayman Islands company 14.1.1 CMS Energy Mauritius Limited 14.1.1.1 *GMR Vasavi Power Corporation Pvt Ltd. (49%) 14.1.1.2 TN LNG & Power Co. Pvt. Ltd. (India) (TIDCO) (26.67%) 14.1.2 CMS Generation Jegurupadu I Limited Duration Company (99%), a Cayman Islands company 14.1.2.1 Jegurupadu O&M Company Mauritius (50%) 14.1.2.1.1 *Jegurupadu Operating & Maintenance Company (60%) 14.1.3 CMS Generation Jegurupadu II Limited Duration Company (99%), a Cayman Islands company 14.1.4 CMS Generation Neyveli Ltd., a Mauritius company 14.1.4.1 ST CMS Electric Company Private Limited (50%), an Indian company 14.1.5 Jegurupadu CMS Generation Company Ltd. 14.1.5.1 *GVK Industries Ltd. (23.75%) 14.2 **CMS Operating, S.A. (99%) 14.2.1 *CMS Ensenada S.A. (99%) 14.2.2 Cuyana S.A. de Inversiones (99%) 14.2.2.1 Centrales Termicas Mendoza, S.A. (92.6%) 14.2.3 Transportadora de Gas del Mercosur (Argentina) (TGM) (20%) 15. CMS Marketing, Services and Trading Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Marketing, Services and Trading Company is a Michigan corporation involved in providing gas, electric, oil and coal marketing, risk management and energy management services.
15.1 CMS Merchant Services, L.L.C. Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Merchant Services, L.L.C. is a Michigan limited liability company formed for the purpose of purchasing capacity under the FERC's capacity release regulations for monthly transactions. 15.2 CMS MS&T Michigan L.L.C. Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS MS&T Michigan L.L.C. is a Michigan limited liability company formed for the purpose of taking an assignment of the Ford/Rouge Electricity Sales Agreements from Dearborn Industrial Generation and to perform those contracts as well as any further contracts entered into by Ford/Rouge affiliates. 15.3 CMS Texon Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Texon Company is a Michigan corporation involved as a General Partner in Texon, LP, a Texas limited partnership engaged in transporting, processing and marketing of crude oil and natural gas liquids and services related thereto. 15.4 CMS Viron Corporation Address: 216 Northwest Platte Valley Drive, Riverside, Missouri 64150 CMS Viron Corporation is a Missouri corporation formed to provide services in the areas of energy usage analysis and the engineering and implementation of energy conservation measures. 15.5 Enline Energy Solutions, LLC (50%) Address: 1021 Main Street, Suite 2600, Houston, TX 77002-6606 Enline Energy Solutions, LLC is a Texas limited liability company engaged in purchasing, transporting, storing, selling, brokering and marketing natural gas, oil, propane and electricity and energy-related consulting. 15.6 PremStar Energy Canada Ltd.(50%) Address: Suite 104, 330 Richmond Street, Chatham, Ontario Canada N7M 1P7 PremStar Energy Canada Ltd, is a Canadian corporation engaged in purchasing, transporting, storing, selling, brokering and marketing natural gas in North America and energy-related consulting. 15.6.1 ECNG Inc (88%)
15.6.2 Energistics Group, Inc. 15.6.3 Premstar Metering Inc (70%) 15.6.3.1 Canadian Meter Services Ltd 16. CMS MicroPower Systems, L.L.C. Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS MicroPower Systems, L.L.C. is a Michigan limited liability company formed for the purpose of leasing portable generation assets. 17. CMS North American Development, LLC Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS North American Development, LLC is a Texas limited liability company formed to provide human resource services for CMS Enterprises employees currently working for America's Development. 18. CMS Oil and Gas Company (formerly known as CMS NOMECO Oil & Gas Co.) Address: 1021 Main Street, Suite 2800, Houston, Texas 77002 CMS Oil and Gas Company is a Michigan corporation engaged in the exploration, development, acquisition, and production of oil and natural gas in the U.S. and in foreign countries through partnership interests and ownership of domestic and foreign corporations. 18.1 CMS Oil and Gas (International) Company Address: 1021 Main Street, Suite 2800, Houston, Texas 77002 CMS Oil and Gas (International) Company is a Texas corporation, formerly known as CMS NOMECO International, Inc., engaged as a holding company that engages in the exploration and production of oil and natural gas in Africa. 18.1.1 CMS NOMECO Congo, Inc. 18.1.2 CMS NOMECO International Congo Holdings, Inc. 18.1.3 CMS Oil and Gas (Cameroon) Ltd., formerly known as CMS NOMECO Cameroon Ltd. 18.1.4 CMS Oil and Gas (Cote d'Ivoire) Ltd., formerly known as CMS NOMECO Cote d'Ivoire Ltd. 18.1.5 CMS Oil and Gas (Eritrea) Ltd. 18.1.6 CMS Oil and Gas International (Tunisia) Company, formerly known as CMS NOMECO International Tunisia, Inc. 18.1.7 CMS Oil and Gas (Services) Company, formerly known as CMS Oil and Gas International (Transportation) Company 18.2 CMS Oil and Gas (International) Ltd. Address: 1021 Main Street, Suite 2800, Houston, Texas 77002 CMS Oil and Gas (International) Ltd. is a Cayman Islands corporation, formerly known as CMS NOMECO International Ltd. engaged as a holding company for Cayman Islands subsidiaries that principally engage in the exploration and production of oil and natural gas in South America and West Africa.
18.2.1 CMS Oil and Gas de Brazil Ltd. 18.2.2 CMS Oil and Gas (Congo) Ltd., formerly known as CMS NOMECO Congo Ltd. 18.2.3 CMS Oil and Gas (Venezuela) LDC, formerly known as CMS NOMECO Venezuela LDC 18.2.4 NOMECO Argentina LDC, formerly known as CMS Oil and Gas (Argentina) LDC 18.3 Explotaciones CMS Oil and Gas Company Address: World Trade Center, Torre B., Offc. 705, Calle 100, No. 8A-49, Bogota, Colombia Explotaciones CMS Oil and Gas Company is a Delaware corporation, formerly known as Explotaciones CMS NOMECO Inc., engaged in the exploration and production of oil and natural gas in Colombia. 19. CMS Resource Development Company Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Resource Development Company is a Michigan corporation formed to pursue and develop various power sources outside the United States. 20. CMS Texas LLC Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Texas LLC is a Texas limited liability company formed to assist CMS Enterprises in its business operations. 21. CMS Energy Trust I Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Energy Trust I is a Delaware Trust established to issue Trust Preferred Securities. 22. CMS Energy Trust II Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Energy Trust II is a Delaware Trust established to issue Trust Preferred Securities. 23. CMS Energy Trust III Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Energy Trust III is a Delaware Trust established to issue Trust Preferred Securities.
24. CMS Energy Trust IV Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Energy Trust IV is a Delaware Trust established to issue Trust Preferred Securities. 25. CMS Energy Trust V Address: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Energy Trust V is a Delaware Trust established to issue Trust Preferred Securities.
C. CONSUMERS ENERGY COMPANY Address: 212 West Michigan Avenue, Jackson, Michigan 49201 The consolidated operations of Consumers Energy Company ("Consumers") account for the largest share of CMS Energy's total assets and income and accounts for a substantial portion of its revenues. The name, state of organization and nature of business of Consumers' subsidiaries are described below: 1. CMS Engineering Co. Address: 212 West Michigan Avenue, Jackson, Michigan 49201 CMS Engineering Company is a Michigan corporation engaged in offering design, engineering, project management and related construction services to natural gas utilities, natural gas exploration and production companies, and other energy businesses. 2. CMS Midland Holdings Company Address: 212 West Michigan Avenue, Jackson, Michigan 49201 CMS Midland Holdings Company is a Michigan corporation involved as a limited partner in the First Midland Limited Partnership, a Delaware limited partnership, which leases assets to the Midland Cogeneration Venture Limited Partnership, a Michigan limited partnership. 3. CMS Midland, Inc. Address: 212 West Michigan Avenue, Jackson, Michigan 49201 CMS Midland, Inc. is as Michigan corporation engaged as a 49% General Partner in the Midland Cogeneration Venture Limited Partnership, a Michigan limited partnership. 4. Consumers Campus Holdings, LLC Address: 212 West Michigan Avenue, Jackson, Michigan 49201 Consumers Campus Holding is a Michigan limited liability company formed for the purpose of being the lessee in the synthetic lease financing of the new Consumers Energy Company office building to be located in downtown Jackson, Michigan. 5. Consumers EnergyGuard Services, Inc. Address: 212 West Michigan Avenue, Jackson, Michigan 49201 Consumers EnergyGuard Services, Inc. is a Michigan corporation formed for the purpose of marketing EnergyGuard, a residential bill payment insurance product to Consumers' residential customers.
6. Consumers Funding, LLC Address: 212 West Michigan Avenue, Jackson, Michigan 49201 Consumers Funding. LLC is a Delaware limited liability company formed for the purpose of acting as assignee of property transferred by Consumers and issuer of securitization bonds. 7. Consumers Nuclear Services, LLC Address: 212 West Michigan Avenue, Jackson, Michigan 49201 Consumers Nuclear Services, LLC is a Michigan limited liability company formed for the purpose of holding the 20% member interest in Nuclear Management LLC. 7.1 Nuclear Management Company LLC (20%) Address: 700 First Street, Hudson, Wisconsin 54016 Nuclear Management Company is a Wisconsin limited liability company formed to achieve enhanced reliability and continued safe operation, to pursue overall excellence in nuclear power operations, as well as to identify efficiencies in the provision of operating services to nuclear facilities. 8. Consumers Receivables Funding, LLC Address: 212 West Michigan Avenue, Jackson, Michigan 49201 Consumers Receivables Funding, LLC is a Delaware limited liability company formed to buy certain accounts receivables from Consumers Energy Company and sell them to a third party. 9. ES Services Company Address: 212 West Michigan Avenue, Jackson, Michigan 49201 ES Services Company is a Michigan corporation formed for the purpose of offering design, engineering, project management and related services primarily to electric utilities and generation facilities. 10. MEC Development Corp. Address: 212 West Michigan Avenue, Jackson, Michigan 49201 MEC Development Corp. is a Michigan corporation that previously held assets transferred to and holder of certain bonds issued by the Midland Cogeneration Venture Limited Partnership, a Michigan limited partnership. 11. Michigan Electric Transmission Company Address: 212 West Michigan Avenue, Jackson, Michigan 49201 Michigan Electric Transmission Company is a Michigan corporation formed for the purpose of owning electric transmission facilities acquired from Consumers.
12. Michigan Gas Storage Company Address: 212 West Michigan Avenue, Jackson, Michigan 49201 Michigan Gas Storage Company is a Michigan corporation and a natural gas company within the meaning of the Natural Gas Act engaged in the interstate transportation and storage of gas for a number of customers including Consumers. 13. Consumers Parnall Holdings, LLC Address: 212 West Michigan Avenue, Jackson, Michigan 49201 Consumers Parnall Holdings, LLC is a Michigan limited liability corporation formed for the purpose of holding the interest of CEC Investments I, Inc. and related to the Parnall Road building pending a purchase of the title to the land by Consumers. 14. Consumers Power Company Financing I Address: 212 West Michigan Avenue, Jackson, Michigan 49201 Consumers Power Company Financing I is a Delaware Trust established to issue Trust Preferred Securities. 15. Consumers Power Company Financing II Address: 212 West Michigan Avenue, Jackson, Michigan 49201 Consumers Power Company Financing II is a Delaware Trust established to issue Trust Preferred Securities. 16. Consumers Power Company Financing III Address: 212 West Michigan Avenue, Jackson, Michigan 49201 Consumers Power Company Financing III is a Delaware Trust established to issue Trust Preferred Securities. 17. Consumers Power Company Financing IV Address: 212 West Michigan Avenue, Jackson, Michigan 49201 Consumers Power Company Financing IV is a Delaware Trust established to issue Trust Preferred Securities.
18. Consumers Power Company Financing V Address: 212 West Michigan Avenue, Jackson, Michigan 49201 Consumers Power Company Financing V is a Delaware Trust established to issue Trust Preferred Securities.
2. A brief description of the properties of claimant and each of its subsidiary public utility companies used for the generation, transmission and distribution of electric energy for sale, or for the production, transmission and distribution of natural or manufactured gas, indicating the location of principal generating plants, transmission lines, producing fields, gas manufacturing plants, and electric and gas distribution facilities, including all such properties which are outside the State in which claimant and its subsidiaries are organized and all transmission or pipelines which deliver or receive electric energy or gas at the borders of such State. --------------------------------------------------------------------------------------------------------------------------- Claimant has no directly owned properties used for such purposes. Claimant's subsidiary Consumers is a public utility. Its property and facilities used for the above-described purposes are located within the State of Michigan and are described below. (1) Electric Properties Consumers' electric generation is supplied by the following plants: 2001 2001 Summer Net Demonstrated Size and Year Capability (kWhs) Net Generation (Thousands Name and Location (Michigan) Entering Service of kWhs) Coal Generation J H Campbell 1&2 - West Olive 2 Units, 1962-1967 615,000 3,654,739 J H Campbell 3 - West Olive 1 Unit, 1980 765,140(a) 5,612,688 D E Karn - Essexville 2 Units, 1959-1961 515,000 3,611,668 B C Cobb - Muskegon 2 Units, 1956-1957 316,000 2,029,002 J R Whiting - Erie 3 Units, 1952-1953 326,000 2,119,458 J C Weadock - Essexville 2 Units, 1955-1958 310,000 2,175,729 Total Coal Generation 2,847,140 19,203,284 Oil/Gas Generation B C Cobb - Muskegon 3 Units, 1999-2000 183,000 58,328 D E Karn - Essexville 2 Units, 1975-1977 1,276,000 928,427 Total Oil/Gas Generation 1,459,000 986,755 Hydroelectric Conventional Hydro Generation 13 Plants, 1907-1949 73,540 422,576 Ludington Pumped Storage 6 Units, 1973 954,700(b) (553,135)(c) Total Hydroelectric 1,028,240 (130,559)
Nuclear Generation Palisades - South Haven 1 Unit, 1971 760,000 2,325,720 Total Nuclear Generation 760,000 2,325,720 Gas/Oil Combustion Turbine Generation 8 Plants, 1966-1999 346,800(d) 14,711 Total Gas/Oil Combustion Turbine 346,800 14,711 Total owned generation 6,441,180 22,399,911 Purchased and Interchange Power Capacity 1,644,180(e) Total 8,085,360 (a) Represents Consumers' share of the capacity of the J H Campbell 3, net of 6.69 percent (ownership interests of the Michigan Public Power Agency and Wolverine Power Supply Cooperative, Inc.). (b) Represents Consumers' share of the capacity of Ludington. Consumers and Detroit Edison have 51 percent and 49 percent undivided ownership, respectively, in the plant. (c) Represents Consumers' share of net pumped storage generation. This facility electrically pumps water during off-peak hours for storage to later generate electricity during peak-demand hours. (d) Includes 1.8 MW of distributed generation. (e) Includes 1,240 MW of purchased contract capacity from the MCV Facility. Electric subtransmission and distribution lines are located on or under public highways, streets, alleys or lands, except where they are located on or under easements or other rights. Consumers owns 340 miles of high voltage distribution radial lines. The subtransmission system consists of 4,152 structural miles of overhead lines and 16 subsurface miles of underground lines. The distribution system consists of 54,380 structural miles of overhead lines and 7,801 subsurface miles of underground lines. Consumers owns substations having an aggregate transformer capacity of 28,868,000 kilovoltamperes. On April 1, 2001, Consumers transferred its investment in electric transmission lines and substations to a wholly owned subsidiary, Michigan Electric Transmission Company (METC). The transmission system consists of 4,288 structural miles of overhead lines. METC owns substations having an aggregate transformer capacity of 12,015,660 kilovoltamperes. Consumers is interconnected with certain Michigan and neighboring utilities. Consumers owns the land and rights-of-way and METC owns the non-land assets that connect with the electric transmission lines that deliver electric energy at or near the Michigan state border to: 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 Northern Indiana Public Service Company at the following interconnection point: Barton Lake-Batavia.
(2) Gas Properties Consumers' gas distribution and transmission system consists of 24,746 miles of distribution mains and 1,099 miles of transmission lines throughout Michigan's lower peninsula. It owns and operates six compressor stations with a total of 113,680 installed horsepower. Consumers has 11 gas storage fields located across Michigan with an aggregate storage capacity of 221.3 bcf. Michigan Gas Storage's transmission system consists of 521 miles of pipelines within Michigan's lower peninsula. It owns and operates two compressor stations with a total of 53,500 installed horsepower. Michigan Gas Storage has three gas storage fields located in Osceola, Clare and Missaukee counties of Michigan with an aggregate storage capacity of 109.5 bcf. In November 2001, Michigan Gas storage filed an application with the Federal Energy Regulatory Commission for a declaration of exemption from provisions of the National Gas Act. Upon approval of the application, it is intended that Michigan Gas Storage and its facilities would be merged into Consumers Energy Company. ----------------------------------------------------------------------------------------------------------------------- 3. The following information for the last calendar year with respect to claimant and each of its subsidiary public utility companies: ----------------------------------------------------------------------------------------------------------------------- ELECTRIC ENERGY (a) Number of kWh of electric energy sold (at retail or wholesale). SUBSIDIARY kWh Consumers Energy Total 38,934,189,814 CMS MS&T Total 71,520,720,000 (b) Number of kWh of electric energy distributed at retail outside Michigan. SUBSIDIARY kWh Consumers Energy Total 0 CMS MS&T Total 13,516,000 Total Electric Energy Distributed Outside of the State of Michigan
(c) Number of kWh of electric energy sold at wholesale outside Michigan or at Michigan's state line. SUBSIDIARY kWh Consumers Energy Total 1,922,071,000 CMS MS&T Total 71,321,770,000 Total Electric Energy Sold at Wholesale Outside the State of Michigan or at Michigan's State Line. (d) Number of kWh of electric energy purchased outside Michigan or at Michigan's state line. SUBSIDIARY kWh Consumers Energy Total 6,932,983,000 CMS MS&T Total 71,269,545,000 Total Electric Energy Purchased Outside of Michigan NATURAL GAS CMS Energy information reports for natural gas, as it does not deal with or in manufactured gas. (a) Number of Mcf of natural gas distributed at retail. SUBSIDIARY Mcf Consumers Energy Total 230,729,000 CMS MS&T Total 108,211,650 Total Natural Gas Distributed at Retail (b) Number of Mcf of natural gas distributed at retail outside Michigan. SUBSIDIARY Mcf Consumers Energy Total 0 CMS MS&T Total 76,955,408 Total Natural Gas Distributed at Retail Outside the State of Michigan
(c) Number of Mcf of natural gas sold at wholesale outside Michigan or at Michigan's state line. SUBSIDIARY Mcf Consumers Energy Total 239,839,000 CMS Marketing Total 347,933,997 Total Natural Gas Sold at Wholesale Outside Michigan or at Michigan's State Line. (d) Number of Mcf of natural gas purchased outside Michigan. SUBSIDIARY Mcf Consumers Energy Total 6,932,983,000 CMS MS&T Total 420,175,900 Total Natural Gas Purchased Outside of Michigan
4. The following information for the reporting period with respect to claimant and each interest it holds directly or indirectly in an EWG or a foreign utility company, stating monetary amounts in United States dollars: (a) Name, location, business address and description of the facilities used by the EWG or foreign utility company for the generation, transmission and distribution of electric energy for sale or for the distribution at retail of natural or manufactured gas; (b) Name of each system company that holds an interest in such EWG or foreign utility company; and description of the interest held; (c) Type and amount of the capital invested, directly or indirectly, by the holding company claiming exemption; any direct or indirect guarantee of the security of the EWG or foreign utility company by the holding company claiming exemption; and any debt or other financial obligation for which there is recourse, directly or indirectly, to the holding company claiming exemption or another system company, other than the EWG or foreign utility company; (d) Capitalization and earnings of the EWG or foreign utility company during the reporting period; and (e) Identify any service, sales or construction contract(s) between the EWG or foreign utility company and a system company, and describe the services to be rendered or goods sold and fees or revenues under such agreement(s). CMS ENERGY'S EWGs AND FUCOs As of December 31, 2001, CMS Energy had interests in 23 EWGs and 11 FUCOs: EXEMPT WHOLESALE GENERATORS: 1. Centrales Termicas Mendoza, S.A. ("CTM") (a) Centrales Termicas Mendoza, S.A. Edificio torre Catalinas Plaza Ing. Butty 220, 8th Floor Buenos Aires, Argentina Centrales Termicas Mendoza, S.A. an Argentine company, is an EWG and is the owner of a 540 MW facility in Cuyana de Cuyo and a 15 MW generating unit in Cruz de Piedra, both located in Mendoza. (b) CMS Enterprises Company owns 66.67% of CMS International Ventures, L.L.C. which owns 100% of CMS Operating, S.A., which owns 92.6% Cuyana S.A. de Inversiones. Cuyana S.A. de Inversionesowns 92.6% of CTM. (c) As of December 31, 2001, CMS Generation has invested approximately $221 million in CTM through its subsidiaries CMS Operating S.A. and Cuyana. de Inversiones S.A.
(d) Capitalization (000s) Shareholder's Equity $ 122,944 Irrevocable Contributions $ 86,948 Retained Earnings $ 18,741 Total $ 228,633 Net Income (Loss) for the period ended 12/31/01 $ (752) (e) As of December 31, 2001, Centrales Termicas Mendoza, S.A., had a Contract of Operation with CMS Operating S.A. This is a consulting contract in connection with the operation and maintenance of the eligible facility. In 2001, total fees earned from the contract were $1,127,195. 2. Centrales Termicas San Nicolas, S.A. ("CTSN") (a) Centrales Termicas San Nicolas, S.A. Rivadavia S/N 2900 San Nicolas Prov. Buenos Aires, Argentina CTSN, an Argentine company, is an EWG and is owner and operator of a 650 MW power plant located in San Nicolas, Argentina, north of Buenos Aires, Argentina. The five-unit plant can be fueled by coal, petroleum coke, oil or natural gas. CMS Generation Co. holds a 0.016% indirect ownership interest in CTSN. (b) CMS Generation Company has .1% interest in CMS Generation San Nicolas Company, which has a .1% interest in Inversora San Nicolas, S.A., which owns 88% interest in CTSN. The remaining 12% interest is held by the Argentine government on behalf of the facility's employees. . See Exhibit B On July 7, 1995, AES Argentina, Inc. purchased a 99.9% ownership interest in CMS Generation San Nicolas Company, represented by 9,990 newly issued shares, leaving CMS Generation Co. with a 0.016% indirect ownership interest in CTSN. (c) As of December 31, 2001, CMS Generation San Nicolas Company had invested approximately $4.2 million of equity in CTSN. CMS Energy has been released from all guarantees related to CTSN.
(d) Capitalization at 12/31/01 Bank Loans (000s) Long Term Debt (Partners Loans) $ 0.00 Shareholder's Equity $ 0.00 Total Capitalization $ 0.00 Net Income (Loss) for the period ended 12/31/01 $ 0.00 As stated in Claimant's Form U-3A-2 filed February 29, 1996, due to the nominal interest (.016%) of CTSN indirectly owned by CMS Generation Co., capitalization and earnings information of CTSN continues to be unavailable. (e) N/A 3. CMS Distributed Power, L.L.C. (a) CMS Distributed Power, L.L.C. ("CDP") Fairlane Plaza South 330 Town Center Drive, Suite 300 Dearborn, Michigan 48126 CDP, a Michigan limited liability company, is an EWG and owns a 40 MW direct generator producing facility located in Zilwaukee, Michigan and a 38 MW direct generator producing facility in Dearborn, Michigan. (b) CMS Enterprises Company owns 100% of CDP. See Exhibit B. (c) As of December 31, 2001 CMS Enterprises Company funded approximately $7.7 million of expenditures by CDP. (d) Capitalization at 12/31/01 Bank Loans (000s) Long Term Debt (Partners Loans) $ 0 Shareholder's Equity $ 0 Total Capitalization $ 5,934 Net Income (Loss) for the period ended 12/31/01 $ 5,934 $ (2,776) (e) During the year 2001, CDP had a power purchase agreements with CMS MS&T, Dearborn Industrial Generation and Seneca. In 2001, the total fees earned were $221,639 and $150,000, respectively. In 2001, the total fees earned from the agreement were $5,946,000.
4. CMS Ensenada S.A. ("Ensenada") (a) CMS Ensenada S.A. Edificio Torre Catalinas Plaza Ing. Butty 220 8th Floor (1101) Buenos Aires, Argentina Ensenada, an Argentine company, is an EWG and is the owner of a 128 MW natural gas-fired power plant, located on the grounds of YPF S.A.'s La Plata oil refinery, located in the province of Buenos Aires, Argentina. (b) CMS Operating S.A. owns 99% of CMS Ensenada S.A. See Exhibit B.. (c) As of December 31, 2001, CMS Operating S.A. had invested approximately $39.13 million of equity in Ensenada. (d) Capitalization at 12/31/01 (000) Shareholder's $ 12 Equity Irrevocable Contributions $ 39,118 OPIC Loan (LT) $ 52,174 Retained Earnings $ 2,942 Total Capitalization $ 94,246 Net Income (Loss) for the period ended 12/31/01 $ 3,459 (e) As of December 31, 2001, CMS Ensenada S.A. maintains a 7 year Operating and Maintenance Agreement with CMS Operating S.A. to operate and maintain the La Plata cogeneration plant. This agreement took effect in 1997. In 2001, total fees earned were $500,000. 5. CMS Generation Cebu Limited Duration Company ("Cebu") (a) CMS Generation Cebu Limited Duration Company c/o Maples and Calder P.O. Box 309, Grand Cayman Cayman Islands, British West Indies Cebu, a Cayman Islands company, is an EWG and has indirect 47.5% ownership interests in two power plants totaling 134.5 MW generating capacity located in Toledo City, Cebu, Philippines, in the central island group of the Republic of the Philippines. The plants can be fueled by coal, oil or diesel fuel. (b) CMS Generation Investment Company I and CMS Generation Investment Company II own 99% and 1%, respectively, of Cebu. See Exhibit B. (c) As of December 31, 2001, CMS Generation Investment Company I and CMS Generation Investment Company II had invested approximately $14.8 million of equity in Cebu.
(d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 14,510 Cumulative Translations Adjustment $ (7,330) Net Income (Loss) for the period ended 12/31/01 $ 971 (e) N/A 6. CMS Generation Cebu Operating Limited Duration Company ("Cebu Operating") (a) CMS Generation Cebu Operating Limited Duration Company c/o Maples and Calder P.O. Box 309, Grand Cayman Cayman Islands, British West Indies Cebu Operating, a Cayman Islands company, is an EWG and is the operator of two power plants totaling 134.5 MW generating capacity, located in Toledo City, Cebu, Philippines, in the central island group of the Republic of the Philippines. The plants are owned by Toledo Power Company. (b) CMS Generation Investment Company I and CMS Generation Investment Company II, own 99% and 1%, respectively, of Cebu Operating. See Exhibit B. (c) As of December 31, 2001, CMS Generation Investment Company I and CMS Generation Investment Company II had invested approximately $394 million of equity in Cebu Operating. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 420 Cumulative Translation Adjustment $ (151) Net Income (Loss) for the period ended 12/31/01 $ (449) (e) As of December 31, 2001, Toledo Power Company, owned 47.5% by Cebu Operating, has an operating agreement, effective January 1, 1996, with Cebu Operating. In 2001, the total fees earned from the agreement were $336,244. 7. CMS Generation Michigan Power LLC (a) CMS Generation Michigan Power LLC Fairlane Plaza South 330 Town Center Drive Dearborn, Michigan 48126 CMS Generation Michigan Power LLC, a United States company, is an EWG and owns a 68 MW natural gas-fired peaking facility located in Comstock, Michigan and a 132 MW natural gas-fired peaking facility located in Gaylord, Michigan. (b) CMS Generation Co. owns 100% of CMS Generation Michigan Power LLC. See Exhibit B. (c) As of December 31, 2001, CMS Generation Co. had invested approximately $72 million of equity in CMS Generation Michigan Power LLC.
(d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 72,305 Net Income (Loss) for the period ended 12/31/01 $ 8,251 (e) As of December 31, 2001, CMS Generation Michigan Power, LLC had an Operating and Maintenance Agreement with CMS Generation Co. In 2001, the total fees earned from the agreement were $206,020. 8. CMS Generation Operating Company (a) CMS Generation Operating Company Fairlane Plaza South 330 Town Center Drive Dearborn, Michigan 48126 CMS Generation Operating Company, a United States company, is an EWG and is the operator of a 68 MW natural gas-fired peaking facility located in Comstock, Michigan and a 132 MW natural gas-fired peaking facility located in Gaylord, Michigan. (b) CMS Generation Co. owns 100% of CMS Generation Operating Co. See Exhibit B. (c) As of December 31, 2001, CMS Generation Co. had invested approximately $2.5 million in CMS Generation Operating Company. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 2,500 Net Income (Loss) for the period ended 12/31/01 $ 2,146 (e) N/A
9. CMS International Operating Company (a) CMS International Operating Company c/o Maples and Calder Ugland House P.O. Box 309, South Church Street George Town, Cayman Islands, British West Indies CMS International Operating Company, a Cayman Islands company, is an EWG and is the operator of a 220 MW combined cycle thermal power plant under construction located at the Takoradi Power Plant Complex near Takoradi at Aboadze in the Western Region of the Republic of Ghana. (b) CMS Generation Co. owns 100% of CMS International Operating Company. See Exhibit B. (c) As of December 31, 2001, CMS Generation Co. had invested approximately $8.3 million in CMS International Operating Company. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 11,926 Cumulative Translation Adjustment $ (1,197) Net Income (Loss) for the period ended 12/31/01 $ 3,176 (e) N/A 10. CMS Morocco Operating Co., SCA ("CMS Morocco") (a) CMS Morocco Operating Company SCA BP 99 Sidi Bouzid El Jadida Morocco CMS Morocco, a Moroccan company, is an EWG that operates two 330 MW electric generating plants and two additional 348 MW electric generating plants at the port of Jorf Lasfar on the Atlantic coast of Morocco. (b) Jorf Lasfar Operations Handelsbolag, CMS Generation Investment Company I, CMS International Operating Company, and CMS Generation Jorf Lasfar III Limited Duration Company own 99.7%, 0.1%, 0.1%, and 0.1%, respectively, of CMS Morocco. See Exhibit B. (c) As of November 30, 2001, Jorf Lasfar Operations Handelsbolag, CMS Generation Investment Company I, CMS International Operating Company, and CMS Generation Jorf Lasfar III Limited Duration Company, had invested approximately $8.3 million of equity in CMS Morocco.
(d) Capitalization at 11/30/01 (000s) Shareholder's Equity $ 8,054 Net Income (Loss) for the period ended 11/30/01 $ 2,324 (e) As of December 31, 2001, Jorf Lasfar Energy Company had an Operating and Maintenance Agreement with CMS Morocco, effective September 7, 1997. In 2001, total fees earned this Operating and Maintenance Agreement were $3,642,781. 11. Dearborn Generation Operating, L.L.C. ("Dearborn Generation Operating") (a) Dearborn Generation Operating Fairlane Plaza South 3330 Town Center Dearborn, Michigan 48126 Dearborn Generation Operating, a United States company, is an EWG and is the operator of a 155 MW natural gas-fired facility and an approximately 550 MW natural gas-fired facility under construction located in Dearborn, Michigan. (b) CMS Generation Co. owns 100% of Dearborn Generation Operating. See Exhibit B. (c) As of December 31, 2001, CMS Generation Co. had invested $3.5 million in Dearborn Generation Operating. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 5,340 Net Income (Loss) for the period ended 12/31/01 $ 2,761 (e) As of December 31, 2001, Dearborn Generation Operating had an operating and maintenance agreement with Dearborn Industrial Generation. In 2001 the total operating and management fees were $874,665. 12. Dearborn Industrial Generation, L.L.C. ("Dearborn Industrial Generation") (a) Dearborn Industrial Generation, L.L.C. Fairlane Plaza South 330 Town Center Drive Dearborn, Michigan 48126 Dearborn Industrial Generation, a United States company, is an EWG and is the owner of a 155 MW natural gas-fired facility and an approximately 550 MW natural gas-fired facility under construction located in Dearborn, Michigan. (b) Dearborn Industrial Energy L.L.C. owns 100% of Dearborn Industrial Generation. See Exhibit B. (c) As of December 31, 2001, CMS Generation Co. had invested $129 million in Dearborn Industrial Generation.
(d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ (106,481) Net Income (Loss) for the period ended 12/31/00 $ (242,261) (e) N/A 13. *Exeter Energy Limited Partnership (a) Exeter Energy Limited Partnership Fairlane Plaza South 330 Town Center Drive Dearborn, Michigan 48126 Exeter Energy Limited Partnership, a United States company, is an EWG and owns a 26 MW waste tires-fired facility located in Sterling, Connecticut. (b) CMS Generation Co., Exeter Management Company and Oxford/CMS Development L.P. own 50%, 2% and 48%, respectively, of Exeter Energy Limited Partnership. See Exhibit B. (c) As of December 31, 2001, CMS Generation Co. has invested approximately $15 Million of equity in Exeter Energy Limited Partnership. (d) Capitalization at 12/31/01 (000s) Partners' Capital $ 21,036 Net Income (Loss) for the period ended 12/31/01 $ 35,967 (e) As of December 31, 2001, Exeter Energy Limited Partnership had an Operating and Maintenance Agreement with CMS Generation Co. In 2001, the total fees earned from the agreement were $375,002. 14. GMR Vasavi Power Corporation Pvt. Ltd. ("GMR Vasavi") (a) GMR Vasavi Power Corporation Pvt. Ltd. 25/1, SKIP House Ground Floor Museum Road Bangalore 560 025, India GMR Vasavi, an Indian company, is an EWG and owns a 200 MW diesel-fired power plant located in Basin Bridge in Chennai (f.k.a. Madras), Tamil Nadu, India. (b) CMS Energy Maurtius Limited, a wholly owned subsidiary of CMS International Venture LLC, owns 49% of GMR Vasavi. See Exhibit B. (c) As of December 31, 2001, CMS Energy Maurtius Limited had invested $29.1 million in GMR Vasavi. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 73,168
Secured Loans $ 110,359 Net Income (Loss) for the period ended 12/31/01 $ 8,248 (e) As of December 31, 2001, there was a construction/management agreement between CMS Generation Co. and GMR Vasavi of which total operating and management fees earned were $425,004. 15. GVK Industries Limited ("GVK") (a) GVK Industries Limited Road No. 1 Banjara Hills, Hyderabad India GVK, an Indian company, is an EWG and is owner of a 235 MW electric generating plant located in Jegurupadu, Andra Pradesh, India. (b) Jegurupadu CMS Generation Company Limited, owns 23.75% of GVK. See Exhibit B. (c) As of December 31, 2001, Jegurupadu CMS Generation Company Limited had invested $33.6 million of equity in GVK Industries, directly and indirectly through Classic Investment I and Classic Investment II. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 104,689 LT Liabilities $ 90,831 Net Income (Loss) for the period ended 12/31/01 $ 11,584 (e) As of December 31, 2001, GVK Industries had a restated 10 year Operation and Maintenance Agreement with Jegurupadu Operating, which became effective on the commercial operation date of the steam turbine unit. In 2001, total fees earned from the agreement were $423,696. 16. Hidroelectrica El Chocon, S.A. ("Hidroelectrica") (a) Hidroelectrica El Chocon, S.A. Avenida Espana 3301 Capital Federal, Argentina Hidroelectrica, an Argentine company, is an EWG and holds a thirty-year concession to operate two hydroelectric power plants located 26 kilometers apart on the Limay River in Western Argentina. These plants have a total generating capacity of 1,320 MW. (b) CMS Generation S.A. owns 2.48% of Hidroelectrica. Hidroinvest, S.A. owns 59% of Hidroelectrica. CMS Generation, S.A. owns 25% of Hidroinvest, S.A. See Exhibit B. (c) As of December 31, 2001, CMS Generation, S.A. had invested approximately $14 million of equity in Hydroelectrica El Chocon, S.A.
(d) Capitalization at 12/31/01 (000s) Bank Loans $ 186,178 Shareholder's Equity $ 376,412 Total Capitalization $ 562,590 Net Income (Loss) for the period ended 12/31/01 $ 16,948 (e) N/A 17. Jamaica Private Power Company Limited ("Jamaica Private Power") (a) Jamaica Private Power Company Limited 100 Windward Road, Kingston 2, Jamaica, W.I. Jamaica Private Power, a Jamaican company, is an EWG and is the owner of a 65 MW electric generating facility in Rockfort, Kingston, Jamaica. (b) HCE-Rockfort Diesel owns 41.18 % of Jamaica Private Power. See Exhibit B. (c) As of December 31, 2001, HCE Rockfort Diesel had invested approximately $21.1 million in Jamaica Private Power. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 45,017 Long-Term Debt $ 68,910 Net Income (Loss) for the period ended 12/31/01 $ 397 (e) As of December 31, 2001, Jamaica Private Power had an operating agreement with Private Power. In 2001, total fees earned from the agreement were $196,595. 18. Jegurupadu Operating and Maintenance Company ("Jegurupadu Operating") (a) Jegurupadu Operating and Maintenance Company F-40, N.D.S.E., Part I New Delhi 110 149 India Jegurupadu Operating, a Mauritius company, is an EWG and is the operator of a 235 MW electric generating plant located in Jegurupadu, Andra Pradesh, India. The plant is owned by GVK Industries Limited. (b) Jegurupadu O&M Company Mauritius, owns 60% of Jegurupadu Operating. See Exhibit B. (c) As of December 31, 2001, Jegurupadu O&M Company had invested approximately $5.1 million of equity in Jegurupadu Operating Maintenance Company, India.
(d) Capitalization at 12/31/01 (000s) Shareholders' Equity $ 1,706 Net Income (Loss) for the period ended 12/31/01 $ 515 (e) As of December 31, 2001, GVK Industries had a restated 10 year Operation and Maintenance Agreement with Jegurupadu Operating, which became effective on the commercial operation date of the steam turbine unit. In 2001, total fees earned from the agreement were $423,696. 19. Jorf Lasfar Energy Company SCA ("Jorf Lasfar") (a) Jorf Lasfar Energy Company SCA BP 99 Sidi Bouzid El Jadida Morocco Jorf Lasfar, a Moroccan company, is an EWG that operates through a subcontractor, CMS Morocco Operating Company SCA, two existing 330 MW electric generating plants and will construct and operate through a different subcontractor two additional 348 MW electric generating plants located at the port of Jorf Lasfar on the Atlantic coast of Morocco. (b) Jorf Lasfar Energiaktiebolag, Jorf Lasfar Power Energy Aktiebolag, and Jorf Lasfar Handelsbolag HB, own 25%, 23% and 2%, respectively, of Jorf Lasfar. See Exhibit B (c) As of December 31, 2001, CMS Investment Company IV had invested approximately $135 million of equity in Jorf Lasfar. (d) Capitalization at 11/30/01 (000s) Shareholder's Equity $ 536,932 Long Term Loans $ 572,660 Net Income (Loss) for the period ended 11/30/01 $ 145,076 (e) As of December 31, 2001, Jorf Lasfar had an Operating and Maintenance Agreement with CMS Morocco, which became effective September 4, 1997. In 2001, total fees earned under the agreement were $3,642,781. 20. National Power Supply Co. Ltd. ("National Power Supply") (a) National Power Supply Co. Ltd Fairlane Plaza South 330 Town Center Drive Dearborn, Michigan 48126 National Power Supply, a Thailand company, is an EWG and is the owner and operator of two approximately 150 MW coal-fired cogeneration units under construction with biomass fuel capability in the Tha Thuom area, Pranchiburi province, approximately 140 kilometers east of Bangkok, Thailand. (b) CMS Generation Co. owns 100% of CMS Generation Investment Company I, which owns 66.24% of National Power Supply. See Exhibit B. (c) As of December 31, 2001, CMS Generation Investment Company I had invested approximately
$23.5 million of equity in National Power Supply. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 95,706 Long-Term Loans $ 185,294 Net Income (Loss) for the period ended 12/31/01 $ 22,292 (e) As of December 31, 2001, CMS Generation Co. had an Operation and Maintenance Personnel Agreement with National Power Supply. In 2001, no fees were earned under this agreement. 21. CMS Panhandle Lake Charles Generation Company, LLC (a) CMS Panhandle Lake Charles Generation Company, LLC 5444 Westheimer Road Houston, Texas 77056 CMS Panhandle Lake Charles Generation Company, LLC, a Delaware limited liability company, is an EWG and is the owner of a 50% undivided interest in an electric generating facility with a nominal capacity of 21 MW (15 MW of which is available through the currently operable generator) located near Lake Charles, Louisiana. The facility is operated by Trunkline LNG Company, LLC. (b) CMS Panhandle Holdings, LLC owns 100% of CMS Panhandle Lake Charles. See Exhibit B. (c) As of December 31, 2001, Trunkline Field Services Company had invested approximately $4 million of equity in of CMS Panhandle Lake Charles. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 3,572 Net Income (Loss) for the period ended 12/31/01 $ (25) (e) N/A 22. Private Power Operators Limited ("Private Power") (a) Private Power Operators Limited 100 Windward Road Kingston 2, Jamaica, W.I. Private Power, a Jamaican company, is an EWG and is the operator of a 65 MW electric generating facility in Rockfort, Kingston, Jamaica. (b) HCO-Jamaica, Inc. owns 50% of Private Power. See Exhibit B. (c) As of December 31, 2001, HCO Jamaica, Inc. invested approximately $5,000 of equity in Private Power. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 10 Net Income (Loss) for the period ended 12/31/01 $ (0)
(e) N/A. 23. Takoradi International Company (a) Takoradi International Company c/o Maples and Calder Ugland House P.O. Box 309, South Church Street George Town, Cayman Islands, British West Indies Takoradi International Company, a Cayman Islands company, is an EWG and is the owner of a 330 MW combined cycle thermal power plant under construction located at the Takoradi Power Plant Complex near Takoradi at Aboadze in the Western Region of the Republic of Ghana. (b) CMS Takoradi Investment Company II owns 90% of Takoradi International Company. See Exhibit B. (c) As of December 31, 2001, CMS Generation Investment Company VI had invested approximately $113 million in Takoradi International Company. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 125,269 Net Income (Loss) for the period ended 12/31/01 $ 22,161 (e) As of December 31, 2001, there were two operating and management fee agreements: (i) one between CMS Generation Co. and Takoradi International Company; and (ii) the other between CMS Generation Co. and Volta River Authority. In 2001, total operating and management fees earned were $854,166.
FOREIGN UTILITY COMPANIES 1. CMS Generation Horizon Energy Holdings Limited ("CMSG") (a) CMS Generation Horizon Energy Holdings Limited P.O. Box 309 Ugland House, South Church Street Grand Cayman, Cayman Islands, British West Indies CMSG, a Cayman Islands company, is a foreign utility company and is part-owner and operator of a 2,000 MW power station and associated lignite mine located at Loy Yang, Victoria, Australia. (b) CMS Generation Loy Yang Holdings 2 Ltd., a wholly owned subsidiary of CMS Generation Investment Company I, owns 100% of CMSG. See Exhibit B. (c) As of December 31, 2001, CMS Generation Investment Company I had invested approximately $106 million in CMS Generation Loy Yang Holdings 2 Ltd. and advanced approximately $158 million to CMSG. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ (160,614) Cumulative Translation Adjustment $ (84,134) Net Income (Loss) for the period ended 12/31/01 $ 10 (e) As of December 31, 2001, CMSG had an Industry Expertise Fee agreement with Loy Yang Power Partners. In 2001, no fees were earned from the agreement. 2. CMS Operating S.A. (a) CMS Operating S.A. Edificio torre Catalinas Plaza Ing. Butty 220, 8th Floor Buenos Aires, Argentina CMS Operating S.A, an Argentina company, has ownership interest of 99% in and is the operator of Ensenada, an EWG. As of December 31, 2001, Centrales Termicas Mendoza S.A., located in Mendoza, Argentina, has a operation and maintenance contract, a consulting contract, with CMS Operating S.A. Refer to EWG section item 1, part (e). (b) CMS International Ventures, LLC owns 100% of CMS Operating S.A. (c) As of December 31, 2001, CMS International Venture LLC had invested approximately $314 million of equity in CMS Operating S.A.
(d) Capitalization at 12/31/01 (000s) Common Stock $ 35,785 Irrevocable Contributions $ 263,071 Retained Earnings $ 14,930 Total $ 313,786 Net Income (Loss) for the period ended 12/31/01 $ 3,316 (e) N/A 3. Companhia Jaguari De Energia ("Jaguari") (a) Companhia Jaguari De Energia Rua Padre Garcia Velho 73-6(degree) andar - conj. 61 Pinheiros CEP 05421-030 Sao Paulo, SP, Brazil Jaguari, a Brazilian company, is a foreign utility company that owns and operates an electricity distribution concession located in the state of Sao Paulo. Jaguari is a non-traded utility company controlled by CPEE. Jaguari serves approximately 24,000 customers. (b) Jaguari is 100% owned by Sul Paulista. See CPEE below and Exhibit B. (c) As of December 31, 2001, Sul Paulista has invested $9 million in Jaguari. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 29,253 Net Income (Loss) for the period ended 12/31/01 $ 5,092 (e) N/A
4. Companhia Luz E Forca De Mococa ("Mococa") (a) Companhia Luz E Forda De Mococa Rua Padre Garcia Velho 73-5(degree) andar - conj. 51 Pinheiros CEP 05421-030 Sao Paulo, SP, Brazil Mococa, a Brazilian company, is a foreign utility company that owns and operates an electricity distribution concession located in the state of Sao Paulo and the State of Minas Gerais, Brazil. Mococa is a non-traded utility company controlled by CPEE. Mococa serves approximately 33,000 customers. (b) Mococa is 100% owned by Jaguari . See CPEE below and Exhibit B. (c) As of December 31, 2001, Jaguari has invested $8.9 million in Mococa. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 8,892 Net Income (Loss) for the period ended 12/31/01 $ 1,259 (e) N/A 5. Companhia Paulista De Energia Electrica ("CPEE") (a) Companhia Paulista De Energia Electrica Rua Padre Garcia Velho 73-7(degree) andar - conj. 73 CEP 05421-030 Sao Paulo, SP, Brazil CPEE, a Brazilian company, is a foreign utility company that owns and operates an electricity distribution concession in the state of Sao Paulo, Brazil and also has a controlling interest in 3 other non-traded utility companies that own and operate electricity distribution concessions located in the state of Sao Paulo and in the state of Minas Gerais. CPEE and its controlled companies serve approximately 155,000 customers. CPEE also owns a 7 percent interest in Investco S.A., which owns an 850 MW hydroelectric plant, which started commercial operations in December 2001. (b) CMS Participacoes Ltda. owns 93.86% of CPEE. See Exhibit B. (c) As of December 31, 2001, CMS Participacoes Ltda. has invested $92 million in CPEE.
(d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 53,008 Net Income (Loss) for the period ended 12/31/01 $ 8,523 (e) N/A 6. Companhia Sul Paulista De Energia Eletrica ("Sul Paulista") (a) Companhia Sul Paulista De Energia Rua Padre Garcia Velho 73-7(degree) andar - conj. 71 Pinheiros CEP 05421-030 Sao Paulo, SP, Brazil Sul Paulista, a Brazilian company, is a foreign utility company that owns and operates an electricity distribution concession located in the state of Sao Paulo. Sul Paulista is a non-traded utility company controlled by CPEE. Sul Paulista serves approximately 56,000 customers. (b) Sul Paulista is 88.63% owned by CPEE. See CPEE above and Exhibit B. (c) As of December 31, 2001, CPEE has invested $45 million in Paulista. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 50,813 Net Income (Loss) for the period ended 12/31/01 $ 9,724 (e) N/A 7. Emirates CMS Power Company (a) P.O. Box 47688 United Arab Emirates Al Mansoor Tower, 7th Floor, Suite 701 Abu Dhabi Emirates CMS Power Company, an U.A.E. Abu Dhabi Emirate, is a foreign utility company that owns a generation and desalination facility in Taweelah, Abu Dhabi. (b) CMS Generation Taweelah Limited owns 40% of Emirates CMS Power Company. (c) As of November 30, 2001, CMS Generation Taweelah Limited had invested $80 million in equity of Emirates CMS Power Company. (d) Capitalization at 11/30/01 (000s) Term Loan $ 0 Shareholder Loan $ 74,114 Retained Earnings $ 22,867
Shareholder's Equity $ 112,599 Total Capitalization $ 209,580 Net Income (Loss) for the period ended 11/30/01 $ 19,123 (e) N/A 8. Horizon Energy Holdings Ltd. ("Horizon Energy") (a) Horizon Energy Holdings Limited P.O. Box 309 Ugland House, South Church Street Grand Cayman, Cayman Islands, British West Indies Horizon Energy, a Cayman Islands company, is a foreign utility company and is part-owner and operator of a 2,000 MW power station and associated lignite mine located at Loy Yang, Victoria, Australia. (b) CMS Generation Loy Yang Holdings 1 Ltd., a wholly owned subsidiary of CMS Generation Investment Company I, owns 100% of Horizon Energy. See Exhibit B. (c) As of December 31, 2001, CMS Generation Investment Company I had invested approximately $106.8 million in CMS Generation Loy Yang Holdings 1 Ltd. and advanced approximately $157 million to Horizon Energy. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ (157,820) Cumulative Translation $ (83,556) Intercompany Note Payable $ 156,968 Net Income (Loss) for the period ended 12/31/01 $ 0 (e) N/A. 9. Loy Yang Power Partners (a) Bartons Line Taralgon, Victoria, Australia 3844 Loy Yang Power Partners is a foreign utility company and is the operator of a 2,000 MW power station and associated lignite mine located at Loy Yang, Victoria, Australia.
(b) CMS Generation Horizon Energy Holdings Limited ("CMSG") owns 25% and Horizon Energy Holdings, Ltd. owns 24.63% of Loy Yang Power Partners. See Exhibit B. (c) As of December 31, 2001, CMS Generation Horizon Energy Holdings Limited had invested approximately $315 million of equity in Loy Yang Power Partnership. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 651,777 Long-Term Loans $ 1,751,462 Net Income (Loss) for the period ended 12/31/01 $ 10,620 (e) As of December 31, 2001, CMS Generation Horizon Energy Holdings Limited had an Operating and Maintenance Agreement with Loy Yang Power Partnership, effective September4, 1997. In 2001, no fees earned from the agreement. 10. Sistema Electrico del Estado Nueva Esparta C.A. ("SENECA") (a) Sistema Electrico del Estado Nueva Esparta C.A. San Lorenzo Pampatar, Nueva Esparta (6312) Venezuela SENECA, a Venezuelan company, is a foreign utility company and is the owner of 200 MW of diesel-fired power generation units located on Margarita Island, Venezuela. SENECA also owns and operates an electric distribution system located on Margarita Island, Venezuela, serving approximately 102,000 customers. (b) CMS Electric and Gas Company owns 100% of ENELMAR. ENELMAR owns 33.34% of SENECA. CMS Electric and Gas Company owns 100% of CMS Venezuela. CMS Venezuela owns 52.37% of SENECA. See Exhibit B. (c) As of December 31, 2001, ENELMAR had invested $23.7 million in SENECA. As of December 31, 2001, CMS Venezuela had invested $54.8 million in SENECA. (d) Capitalization at 12/31/01 (000s) Shareholder's Equity $ 164,764 Net Income (Loss) for the period ended 12/31/01 $ (3,398) (e) N/A
11. Taweelah A2 Operating Company ("Taweelah") (a) c/o CMS Generation Co. 330 Town Center Drive Suite 1000 Dearborn, Michigan 48126 Taweelah is a foreign utility company that operates a 710.3 MW generation and desalination facility in Taweelah, Abu Dhabi. (b) CMS Energy owns an interest in Taweelah through intervening subsidiaries CMS Enterprises Company and CMS Generation Co. (c) As of December 31, 2001, CMS Generation Co. had invested approximately $828 thousand of equity in Taweelah. (d) Capitalization at 12/31/01 (000s) Shareholder's Capital $ 551 Retained Earnings $ 227 Shareholder's Equity $ 828 Net Income (Loss) for the period ended 12/31/01 $ 250 (e) As of December 31, 2001, there was an operating and management agreement between Taweelah and Emirate CMS Power Company of which total fees earned were $381,489.
The above-named Claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 26th day of February, 2002. CMS ENERGY CORPORATION A Michigan corporation [CORPORATE SEAL] By: /s/Rodger A. Kershner Rodger A. Kershner Senior Vice President, General Counsel and Secretary ATTEST: /s/Michael D. VanHemert Michael D. VanHemert Deputy General Counsel and Assistant Secretary Name, title, and address of officer to whom notices and correspondence concerning this Statement should be addressed: Rodger A. Kershner Senior Vice President, General Counsel and Secretary CMS Energy Corporation Fairlane Plaza South Suite 1100 330 Town Center Drive Dearborn, Michigan 48126 February 28, 2002
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, 2001 (In Millions, except Per Share Amounts) Consumers CMS Energy Enterprises Inter- CMS Energy CMS Energy Company Company Company Corporation Corp. (1) Consol. Consol. Eliminations Consol. Operating Revenue Electric utility $ - $2,633 $ - $ (2) $2,631 Gas utility - 1,338 - - 1,338 Independent power production - 41 347 - 388 Oil and gas exploration and production - - 212 - 212 Natural gas transmission - - 1,078 (25) 1,053 Marketing, services and trading - - 7,486 (153) 7,333 Other 4 2 18 (2) 22 ------ ------ ------ ------ ------ Total operating revenue 4 4,014 9,141 (182) 12,977 ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - 330 28 (3) 355 Purchased power - related parties - 543 - (4) 539 Purchased and interchange power - 476 3,966 4 4,446 Cost of gas sold - 830 3,610 (173) 4,267 Other operation expense (23) 761 1,313 (6) 2,045 Maintenance - 203 60 - 263 Depreciation, depletion and amortization 2 339 189 - 530 General taxes - 187 44 - 231 ------ ------ ------ ------ ------ Total operating expenses (21) 3,669 9,210 (182) 12,676 ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 25 345 (69) - 301 ------ ------ ------ ------ ------ Other Income (Deductions) Dividends and interest from affiliates 78 6 3 (87) - Accretion expense (27) (10) - - (37) Gain (loss) on asset sales (1) - 12 - 11 Other, net (293) 5 8 295 15 ------ ------ ------ ------ ------ Total other income (deductions) (243) 1 23 208 (11) ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt 323 151 99 - 573 Other interest 66 41 27 (76) 58 Capitalized interest (5) (6) (27) - (38) Preferred dividends - 2 2 (2) 2 Preferred securities distributions 55 41 - - 96 ------ ------ ------ ------ ------ Net fixed charges 439 229 101 (78) 691 ------ ------ ------ ------ ------ Income (Loss) from Continuing Operations before Income Taxes and Minority Interests (657) 117 (147) 286 (401) Income Taxes (Benefits) (126) 49 4 - (73) Minority Interests - - 3 - 3 ------ ------ ------ ------ ------ Income (Loss) from Continuing Operations (531) 68 (154) 286 (331) Discontinued Operations (6) - (179) - (185) ------ ------ ------ ------ ------ Consolidated Net Income (Loss) before Effect of Accounting Change, Extraordinary Item and Common Stock Dividends (537) 68 (333) 286 (516) Cumulative Effect of Accounting Change - (11) - - (11) Extraordinary Item - - (18) - (18) ------ ------ ------ ------ ------ Consolidated Net Income (Loss) before Common Stock Dividends (537) 57 (351) 286 (545) Dividends on Common Stock 197 190 - (197) 190 ------ ------ ------ ------ ------ Consolidated Net Income (Loss) after Common Stock Dividends $ (734) $ (133) $ (351) $483 $ (735) ====== ====== ====== ====== ====== Average Number of CMS Energy Common Shares Outstanding 130,758 Basic Earnings per CMS Energy Average Common $(4.17) Share Diluted Earnings per CMS Energy Average Common $(4.17) Share (1) Represents CMS Energy Corporation, CMS Energy Trust I, CMS Energy Trust II and CMS Energy Trust III consolidated with 8Consumers Energy Company and CMS Enterprises Company included on the equity method of accounting.
CONSUMERS ENERGY COMPANY Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) Consumers Michigan Consumers CMS CMS Inter- Consumers Energy Electric Funding LLC Midland Midland company Energy Company (2) Transmission Holdings Inc. Elimina-tionCompany Company Company Consol. Operating Revenue Electric $2,649 $ 82 $ - $ - $ - $(98) $2,633 Gas 1,358 - - - - (20) 1,338 Other 5 - - 14 24 - 43 ------ ------ ------ ------ ------ ------ ------ Total operating revenue 4,012 82 - 14 24 (118) 4,014 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation 330 - - - - - 330 Purchased power-related parties 604 - - - - (61) 543 Purchased and interchange power 476 - - - - - 476 Cost of gas sold 850 - - - - (20) 830 Other operation expense 762 27 - - - (28) 761 Maintenance 202 10 - - - (9) 203 Depreciation, depletion and amortization 329 8 - - 2 - 339 General taxes 183 4 - - - - 187 ------ ------ ------ ------ ------ ------ ------ Total operating expenses 3,736 49 - - 2 (118) 3,669 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income 276 33 - 14 22 - 345 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Dividends and interest from affiliates 49 1 3 - 1 (48) 6 Accretion expense (10) - - - - - (10) Other, net 56 - - - - (51) 5 ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 95 1 3 - 1 (99) 1 ------ ------ ------ ------ ------ ------ ------ Interest Charges Interest on long-term debt 148 - 3 - - - 151 Other interest 88 - - - - (47) 41 Capitalized interest (6) - - - - - (6) ------ ------ ------ ------ ------ ------ ------ Net interest charges 230 - 3 - - (47) 186 ------ ------ ------ ------ ------ ------ ------ Income (Loss) before Income Taxes 141 34 - 14 23 (52) 160 Income Taxes 26 12 - 3 8 - 49 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) before Accounting Change 115 22 - 11 15 (52) 111 Cumulative Effect of Accounting Change (11) - - - - - (11) ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) 104 22 - 11 15 (52) 100 Preferred Stock Dividends 2 - - - - - 2 Preferred Securities Distribution 41 - - - - - 41 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) Available to Common Stockholder 61 22 - 11 15 (52) 57 Dividends on Common Stock 191 - - - - (1) 190 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) after Common Dividends $ (130) $ 22 $ - $ 11 $ 15 $(51) $ (133) ====== ====== ====== ====== ====== ====== ====== (2) Represents Consumers Energy Company, Consumers Power Company Financing I, Consumers Energy Company Financing II, Consumers Energy Company Financing III, Consumers Energy Company Financing IV, Consumers Nuclear Services, Consumers Parnell Holdings LLC, Michigan Electric Transmission Company, Consumers Funding LLC, ES Services Company and Consumers EnergyGuard Services, Inc. consolidated with Michigan Gas Storage Company, CMS Midland Holdings Company, CMS Midland, Inc. and CMS Engineering Co. included on the equity method of accounting.
CMS ENTERPRISES COMPANY Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) CMS Oil CMS CMS CMS Gas CMS and Gas Generation CMS Micropower CMS MS&T Trans. Enterprises Co. Co. Consol. Capital Systems LLC Consol. Co. Company (3) Consol. LLC Consol. Operating Revenue Oil and gas exploration and production $ - $244 $ - $ - $ - $ - $ - Independent power production - - 278 - - - - Natural gas transmission - - - - - - 1,422 Marketing, services and trading - - - - - 7,628 - Other 3 - - 11 1 - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 3 244 278 11 1 7,628 1,422 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - 57 - - - - Purchased and interchange power - - - - - 3,945 - Cost of gas sold - - - - - 3,443 652 Other operation expense 24 160 498 4 4 163 437 Maintenance - 4 9 - - - 38 Depreciation, depletion and amortization 1 48 16 - 1 5 100 General taxes 3 7 2 - - 2 30 ------ ------ ------ ------ ------ ------ ------ Total operating expenses 28 219 582 4 5 7,558 1,257 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (25) 25 (304) 7 (4) 70 165 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Dividends and interest from affiliates 3 2 1 32 - 1 10 Gain (loss) on asset sales - - - - - - 1 Other, net (336) - (1) - - 2 2 ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) (333) 2 - 32 - 3 13 ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - 7 - - - - 87 Other interest 2 8 23 30 - 3 10 Capitalized interest - - (22) - - - (5) Preferred dividends 2 - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges 4 15 1 30 - 3 92 ------ ------ ------ ------ ------ ------ ------ Income (Loss) from Continuing Operations before Income Taxes and Minority Interests (362) 12 (305) 9 (4) 70 86 Income Taxes (Benefits) (10) 64 (115) 3 (1) 27 36 Minority Interests - - 2 - - - (3) ------ ------ ------ ------ ------ ------ ------ Income (Loss) from Continuing Operations (352) (52) (192) 6 (3) 43 53 Discontinued Operations - - (31) - - - - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) before Extraordinary Item (352) (52) (223) 6 (3) 43 53 Extraordinary Item - - - - - - (18) ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ (352) $(52) $ (223) $ 6 $ (3) $ 43 $ 35 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS ENTERPRISES COMPANY Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) (Continued from Previous Page) CMS Enterprises CMS Electric CMS Oper. S.A. CMS Distri. Intercompany Company & Gas Company Consol. Power LLC Eliminations Consol. Operating Revenue Oil and gas exploration and production $ - $ - $ - $(32) $212 Independent power production - 125 - (56) 347 Natural gas transmission - - - (344) 1,078 Marketing, services and trading - - - (142) 7,486 Other - - 1 2 18 ------ ------ ------ ------ ------ Total operating revenue - 125 1 (572) 9,141 ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - 60 - (89) 28 Purchased and interchange power - 21 - - 3,966 Cost of gas sold - - - (485) 3,610 Other operation expense 2 19 4 (2) 1,313 Maintenance - 9 - - 60 Depreciation, depletion and amortization - 17 1 - 189 General taxes - - - - 44 ------ ------ ------ ------ ------ Total operating expenses 2 126 5 (576) 9,210 ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (2) (1) (4) 4 (69) ------ ------ ------ ------ ------ Other Income (Deductions) Dividends and interest from affiliates 1 2 - (49) 3 Gain (loss) on asset sales 11 - - - 12 Other, net 5 (1) - 337 8 ------ ------ ------ ------ ------ Total other income (deductions) 17 1 - 288 23 ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - 5 - - 99 Other interest - - - (49) 27 Capitalized interest - - - - (27) Preferred dividends - - - - 2 ------ ------ ------ ------ ------ Net fixed charges - 5 - (49) 101 ------ ------ ------ ------ ------ Income (Loss) from Continuing Operations before Income Taxes and Minority Interests 15 (5) (4) 341 (147) Income Taxes (Benefits) 5 (4) (1) - 4 Minority Interests - - - 4 3 ------ ------ ------ ------ ------ Income (Loss) from Continuing Operations 10 (1) (3) 337 (154) Discontinued Operations (148) - - - (179) ------ ------ ------ ------ ------ Net Income (Loss) before Extraordinary Item (138) (1) (3) 337 (333) Extraordinary Item - - - - (18) ------ ------ ------ ------ ------ Net Income (Loss) $(138) $ (1) $ (3) $ 337 $ (351) ====== ====== ====== ====== ====== (3) Represents CMS Enterprises Company, CMS Resource Development Company, CMS Comercializadora de Energia S.A., CMS Energy South America Company and CMS Energy UK Limited consolidated with CMS Oil and Gas Company, CMS Generation Company, CMS Land Company, CMS Operating S.A., CMS MicroPower Systems LLC, CMS Distributed Power LLC, CMS Marketing, Services and Trading Company, CMS Gas Transmission Company, CMS Electric and Gas Company and CMS Capital LLC included on the equity method of accounting.
CMS OIL AND GAS COMPANY Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) Explotaciones CMS Oil CMS Oil & Gas CMS Oil & Gas CMS Oil & Inter-national CMS O&G CMS Oil & CMS Oil & & Gas Co. Company Gas Alba Co. Consol. Venezuela Gas Congo Gas E.G. (4) LDC LDC Ltd. LDC Operating Revenue Oil and gas exploration and production $ 83 $ 4 $ 59 $ 22 $ 5 $ 3 $ 14 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 83 4 59 22 5 3 14 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Other operation expense 77 1 41 7 1 1 21 Maintenance - - 2 1 1 - - Depreciation, depletion and amortization 20 1 12 8 1 - 4 General taxes 7 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating expenses 104 2 55 16 3 1 25 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (21) 2 4 6 2 2 (11) ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - - - - - Gain (loss) on asset sales - - - - - - - Other, net 31 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 31 - - - - - - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt 7 - - - - - - Other interest 7 - - - - - - Capitalized interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges 14 - - - - - - ------ ------ ------ ------ ------ ------ ------ Income (Loss) before Income Taxes (4) 2 4 6 2 2 (11) Income Taxes (Benefit) 48 - 8 2 - - (4) ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $(52) $ 2 $ (4) $ 4 $ 2 $ 2 $ (7) ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS OIL AND GAS COMPANY Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) (Continued from Previous Page) Inter-company CMS Oil & CMS Oil & Eliminations CMS Oil & Gas E.G. Ltd. Gas Int'l Gas Company Ltd. Consol. Operating Revenue Oil and gas exploration and production $ 54 $ - $ - $244 Other - - - - ------ ------ ------ ------ Total operating revenue 54 - - 244 ------ ------ ------ ------ Operating Expenses Other operation expense 11 - - 160 Maintenance - - - 4 Depreciation, depletion and amortization 2 - - 48 General taxes - - - 7 ------ ------ ------ ------ Total operating expenses 13 - - 219 ------ ------ ------ ------ Pretax Operating Income (Loss) 41 - - 25 ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - 2 - 2 Gain (loss) on asset sales - - - - Other, net - 1 (32) - ------ ------ ------ ------ Total other income (deductions) - 3 (32) 2 ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - 7 Other interest 1 - 1 8 Capitalized interest - - - - ------ ------ ------ ------ Net fixed charges 1 - 1 15 ------ ------ ------ ------ Income (Loss) before Income Taxes 40 3 (32) 12 Income Taxes (Benefit) 10 - - 64 ------ ------ ------ ------ Net Income (Loss) $ 30 $ 3 $ (32) $ (52) ====== ====== ====== ====== (4) Represents CMS Oil and Gas Company consolidated with CMS Oil and Gas International Company included on the equity method of accounting.
CMS OIL AND GAS INTERNATIONAL COMPANY Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) CMS Oil & Gas Inter-company CMS Oil & CMS Oil & Gas CMS NOMECO Int'l Eliminations Gas Inter., Int'l Co. (5) Int'l Congo Tunisia, Inc. Consol. Hld., Inc. Operating Revenue Oil and gas exploration and production $ - $ 32 $ 27 $ - $ 59 Other - - - - - ------ ------ ------ ------ ------ Total operating revenue - 32 27 - 59 ------ ------ ------ ------ ------ Operating Expenses Other operation expense 2 36 3 - 41 Maintenance - 2 - - 2 Depreciation, depletion and amortization - 8 4 - 12 General taxes - - - - - ------ ------ ------ ------ ------ Total operating expenses 2 46 7 - 55 ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (2) (14) 20 - 4 ------ ------ ------ ------ ------ Other Income (Deductions) (4) 18 - (14) - ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - - Other interest - - - - - ------ ------ ------ ------ ------ Net fixed charges - - - - - ------ ------ ------ ------ ------ Income (Loss) before Income Taxes (6) 4 20 (14) 4 Income Taxes (Benefit) (1) (5) 14 - 8 ------ ------ ------ ------ ------ Net Income (Loss) $ (5) $ 9 $ 6 $(14) $ (4) ====== ====== ====== ====== ====== (5) Represents CMS Oil and Gas International Company, CMS Oil and Gas Cameroon Ltd. and CMS Oil and Gas Eritrea Ltd. consolidated.
CMS GENERATION COMPANY Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) CMS CMSG CMSG Generation Exeter Filer HYDRA-CO Grayling CMSG Oxford Co. (6) Energy LP City Inc. Enterprises, Holdings Operating CMS Dev. Inc. Company Company LP Operating Revenue Independent power production $ 2 $ 13 $ 4 $ 4 $ 1 $ 1 $ - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 2 13 4 4 1 1 - ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - - - - - - Purchased and interchange power - - - - - - - Other operation expense 80 6 1 1 - - - Maintenance 1 - - - - - - Depreciation, depletion and amortization 5 1 - - - - - General taxes - 1 - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating expenses 86 8 1 1 - - - ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (84) 5 3 3 1 1 - ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates 11 - - 1 - - - Gain (loss) on asset sales - - - - - - - Other, net (263) - - - 1 2 17 ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) (252) - - 1 1 2 17 ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - - - - Other interest 3 - - 1 - - - Capitalized interest (11) - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges (8) - - 1 - - - ------ ------ ------ ------ ------ ------ ------ Income (Loss) from Continuing Operations before Income Taxes and Minority Interests (328) 5 3 3 2 3 17 Income Taxes (Benefit) (107) - 1 1 1 1 - Minority Interests - - - - - - - ------ ------ ------ ------ ------ ------ ------ Income (Loss) from Continuing Operations (221) 5 2 2 1 2 17 Discontinued Operations (2) - - - - - - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ (223) $ 5 $ 2 $ 2 $ 1 $ 2 $ 17 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) (Continued from Previous Page) Mid-Michigan CMSG Inv. CMSG Honey CMS CMSG Recycling Co. I CMS Int'l CMSG Lake Generation Inv. Co. LLC Consol. Operating Michigan Company S.A. III Co. Power LLC Operating Revenue Independent power production $ - $ - $ 3 $ - $176 $ 5 $ 14 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue - - 3 - 176 5 14 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - - - 35 - 1 Purchased and interchange power - - - - - - - Other operation expense 30 24 - - 93 - 1 Maintenance - - - - 5 - - Depreciation, depletion and amortization - - - 5 2 - 3 General taxes - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ Total operating expenses 30 24 - 5 135 - 6 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (30) (24) 3 (5) 41 5 8 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - - - - - Gain (loss) on asset sales - - - - - - - Other, net - - - - (4) - - ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) - - - - (4) - - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - - - - Other interest - - - - 11 - - Capitalized interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges - - - - 11 - - ------ ------ ------ ------ ------ ------ ------ Income (Loss) from Continuing Operations before Income Taxes and Minority Interests (30) (24) 3 (5) 26 5 8 Income Taxes (Benefit) (12) - (3) - 1 2 - Minority Interests - - - - 2 - - ------ ------ ------ ------ ------ ------ ------ Income (Loss) from Continuing Operations (18) (24) 6 (5) 23 3 8 Discontinued Operations - - - - (29) - - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ (18) $ (24) $ 6 $ (5) $ (6) $ 3 $ 8 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) (Continued from Previous Page) Inter-company CMS Dearborn Dearborn Eliminations Generation Industrial Generation Company Generation LLC Operating LLC Consol. Operating Revenue Independent power production $ 49 $ 6 $ - $278 Other - - - - ------ ------ ------ ------ Total operating revenue 49 6 - 278 ------ ------ ------ ------ Operating Expenses Fuel for electric generation 21 - - 57 Purchased and interchange power - - - - Other operation expense 259 3 - 498 Maintenance 3 - - 9 Depreciation, depletion and amortization - - - 16 General taxes - - - 2 ------ ------ ------ ------ Total operating expenses 283 3 - 582 ------ ------ ------ ------ Pretax Operating Income (Loss) (234) 3 - (304) ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - (11) 1 Gain (loss) on asset sales - - - - Other, net - - 246 (1) ------ ------ ------ ------ Total other income (deductions) - - 235 - ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - Other interest 19 - (11) 23 Capitalized interest (11) - - (22) ------ ------ ------ ------ Net fixed charges 8 - (11) 1 ------ ------ ------ ------ Income (Loss) from Continuing Operations before Income Taxes and Minority Interests (242) 3 246 (305) Income Taxes (Benefit) - - - (115) Minority Interests - - - 2 ------ ------ ------ ------ Income (Loss) from Continuing Operations (242) 3 246 (192) Discontinued Operations - - - (31) ------ ------ ------ ------ Net Income (Loss) $ (242) $ 3 $246 $ (223) ====== ====== ====== ====== (6) Represents CMS Generation Company, CMSG Filer City Operating Company, CMSG Grayling Company, CMSG Genesee Company, CMSG Recycling Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, CMSG Mon Valley Company, CMSG Holdings Company, CMSG Altoona Company, CMS Centrales Termicas S.A., Taweelah A2 Operating Company and CMSG Montreal Company consolidated with CMSG Investment Company I included on the equity method of accounting.
CMS GENERATION INVESTMENT COMPANY I Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) CMSG CMSG Invest CMSG Inv. Jeguru-padu CMSG CMSG CMSG CMSG Co. VI Co. I (8) I/II LDC Taweelah Cebu LDC Pinamucan Invest (Takoradi) LDC LDC Co. IV Operating Revenue Independent power production $ 11 $ 2 $ 4 $ 1 $ - $ 79 $ 75 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 11 2 4 1 - 79 75 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - - - - - 35 Other operation expense 82 - - 1 (2) - 12 Maintenance - - - - - - 5 Depreciation, depletion and amortization 1 1 - - - - - General taxes - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating expenses 83 1 - 1 (2) - 52 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (72) 1 4 - 2 79 23 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - - - - - Other, net 96 - - 1 - (5) - ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 96 - - 1 - (5) - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - - - - Other interest 1 - - - - 10 - Capitalized interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges 1 - - - - 10 - ------ ------ ------ ------ ------ ------ ------ Income (Loss) from Continuing Operations before Income Taxes and Minority Interests 23 1 4 1 2 64 23 Income Taxes (Benefit) - - - - - - 1 Minority Interests - - - - - - 2 ------ ------ ------ ------ ------ ------ ------ Income (Loss) from Continuing Operations 23 1 4 1 2 64 20 Discontinued Operations (29) - - - - - - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ (6) $ 1 $ 4 $ 1 $ 2 $ 64 $ 20 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION INVESTMENT COMPANY I Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) (Continued from Previous Page) Inter-company CMSG Eliminations Investment Monetize Co. I Limited Consol. Operating Revenue Independent power production $ 4 $ - $176 Other - - - ------ ------ ------ Total operating revenue 4 - 176 ------ ------ ------ Operating Expenses Fuel for electric generation - - 35 Other operation expense - - 93 Maintenance - - 5 Depreciation, depletion and amortization - - 2 General taxes - - - ------ ------ ------ Total operating expenses - - 135 ------ ------ ------ Pretax Operating Income (Loss) 4 - 41 ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - Other, net - (96) (4) ------ ------ ------ Total other income (deductions) - (96) (4) ------ ------ ------ Fixed Charges Interest on long-term debt - - - Other interest - - 11 Capitalized Interest - - - ------ ------ ------ Net fixed charges - - 11 ------ ------ ------ Income (Loss) from Continuing Operations before Income Taxes and Minority Interests 4 (96) 26 Income Taxes (Benefit) - - 1 Minority Interests - - 2 ------ ------ ------ Income (Loss) from Continuing Operations 4 (96) 23 Discontinued Operations - - (29) ------ ------ ------ Net Income (Loss) $ 4 $(96) $ (6) ====== ====== ====== (8) Represents CMSG Investment Company I, CMSG Investment Company II, CMSG Loy Yang Holdings 1 Ltd. and CMSG Loy Yang Holdings 2 Ltd. consolidated.
CMS GAS TRANSMISSION COMPANY Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) CMS Gas Transmission CMS CMS Panhandle Company CMS Marysville CMS Gas Jackson Eastern (9) Antrim Liquids Argentina Pipeline Pipe Line CMS Grand Gas LLC Company Company Co. Consol. Lacs LLC Operating Revenue Natural gas transmission $ (3) $ 12 $ 11 $ 12 $ 2 $513 $ 5 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue (3) 12 11 12 2 513 5 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Cost of gas sold - - - - - - - Other operation expense 36 2 18 - - 209 - Maintenance 2 - 1 - - 28 - Depreciation, depletion and amortization 1 3 1 1 - 69 2 General taxes (1) 1 - - - 27 1 ------ ------ ------ ------ ------ ------ ------ Total operating expenses 38 6 20 1 - 333 3 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (41) 6 (9) 11 2 180 2 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - - - 9 - Gain (loss) on asset sales - - - - - - - Other, net 77 - - - - 1 - ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 77 - - - - 10 - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - 2 - - 1 84 - Other interest (1) - - - - 2 - Capitalized interest (2) - - - - (3) - ------ ------ ------ ------ ------ ------ ------ Net fixed charges (3) 2 - - 1 83 - ------ ------ ------ ------ ------ ------ ------ Income (Loss) before Income Taxes and Minority Interests 39 4 (9) 11 1 107 2 Income Taxes (Benefit) (11) 1 (3) - - 43 1 Minority Interests - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) before Extraordinary Item 50 3 (6) 11 1 64 1 Extraordinary Item (16) - - - - (2) - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 34 $ 3 $ (6) $ 11 $ 1 $ 62 $ 1 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GAS TRANSMISSION COMPANY Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) (Continued from Previous Page) CMS Gas CMS Bay Western Inter-CompaTrans-mission Area Australia CMS Field Tristate Elimina-tioCompany Pipeline LLC Gas Trans. Svcs., Inc. Pipeline Consol. Co. I Consol. LLC Operating Revenue Natural gas transmission $ 4 $ 8 $858 $ - $ - $1,422 Other - - - - - - ------ ------ ------ ------ ------ ------ Total operating revenue 4 8 858 - - 1,422 ------ ------ ------ ------ ------ ------ Operating Expenses Cost of gas sold - 2 650 - - 652 Other operation expense 1 2 163 6 - 437 Maintenance - - 7 - - 38 Depreciation, depletion and amortization 1 2 20 - - 100 General taxes - - 2 - - 30 ------ ------ ------ ------ ------ ------ Total operating expenses 2 6 842 6 - 1,257 ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 2 2 16 (6) - 165 ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - 1 - - 10 Gain (loss) on asset sales - - 1 - - 1 Other, net - 1 - - (77) 2 ------ ------ ------ ------ ------ ------ Total other income (deductions) - 1 2 - (77) 13 ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - - 87 Other interest - 4 5 - - 10 Capitalized interest - - - - - (5) ------ ------ ------ ------ ------ ------ Net fixed charges - 4 5 - - 92 ------ ------ ------ ------ ------ ------ Income (Loss) before Income Taxes and Minority Interests 2 (1) 13 (6) (77) 86 Income Taxes (Benefit) 1 - 4 - - 36 Minority Interests - (4) 1 - - (3) ------ ------ ------ ------ ------ ------ Net Income (Loss) before Extraordinary Item 1 3 8 (6) (77) 53 Extraordinary Item - - - - - (18) ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 1 $ 3 $ 8 $ (6) $(77) $ 35 ====== ====== ====== ====== ====== ====== (9) Represents CMS Gas Transmission Company, CMS Saginaw Bay Lateral Company, CMSGT Australia Holdings Company, CMSGT Australia Trust Ltd. and CMS Gas Transmission del Sur Company consolidated with CMS Field Services, Inc. and Panhandle Eastern Pipe Line Company included on the equity method of accounting.
PANHANDLE EASTERN PIPE LINE COMPANY Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) Panhandle Panhandle Inter-CompanEastern Eastern Pipe Trunkline Trunkline Pan Gas Elimina-tionPipe Line Line Company Gas Company LNG Company Storage Co. Consol. (10) Company Operating Revenue Natural gas transmission $271 $167 $ 75 $ 43 $(43) $513 Other - - - - - - ------ ------ ------ ------ ------ ------ Total operating revenue 271 167 75 43 (43) 513 ------ ------ ------ ------ ------ ------ Operating Expenses Cost of gas sold - - - - - - Other operation expense 152 86 11 3 (43) 209 Maintenance 11 13 3 1 - 28 Depreciation, depletion and amortization 40 22 1 6 - 69 General taxes 14 9 1 3 - 27 ------ ------ ------ ------ ------ ------ Total operating expenses 217 130 16 13 (43) 333 ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 54 37 59 30 - 180 ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates 25 - - - (16) 9 Other, net 67 1 - - (67) 1 ------ ------ ------ ------ ------ ------ Total other income (deductions) 92 1 - - (83) 10 ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt 84 - - - - 84 Other interest 2 16 - - (16) 2 Capitalized interest (1) (2) - - - (3) ------ ------ ------ ------ ------ ------ Net fixed charges 85 14 - - (16) 83 ------ ------ ------ ------ ------ ------ Income (Loss) before Income Taxes and Minority Interests 61 24 59 30 (67) 107 Income Taxes (Benefit) (3) 10 24 12 - 43 Minority Interests - - - - - - ------ ------ ------ ------ ------ ------ Net Income (Loss) before Extraordinary Item 64 14 35 18 (67) 64 Extraordinary Item (2) - - - - (2) ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 62 $ 14 $ 35 $ 18 $(67) $ 62 ====== ====== ====== ====== ====== ====== (10) Represents Panhandle Eastern Pipe Line Company, Sea Robin Pipeline Company, CMS Panhandle Eastern Resources, Inc., CMS Panhandle Storage Company, CMS Trunkline Field Services Company, Guardian Pipeline LLC and CMS Trunkline Pipeline Holdings, Inc. consolidated.
CMS FIELD SERVICES INC. Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) CMS/Taurus Bighorn Gas CMS Nat. CMS Cherokee CMS Field Holdings CMS Gas Gathering Gas Gas Bradshaw Services Company, Processing, LLC Gathering Processing Energy LLC Inc. (11) Inc. LLC LLC LLC Operating Revenue Natural gas transmission $596 $ 28 $140 $ 10 $ 4 $ 39 $ 3 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 596 28 140 10 4 39 3 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Cost of gas sold 442 18 137 - - 29 - Other operation expense 147 3 2 2 2 4 1 Maintenance 1 1 2 2 - - - Depreciation, depletion and amortization 1 3 3 3 4 3 - General taxes - 1 - 1 - - - ------ ------ ------ ------ ------ ------ ------ Total operating expenses 591 26 144 8 6 36 1 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 5 2 (4) 2 (2) 3 2 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates 1 - - - - - - Gain (loss) on asset sales 1 - - - - - - Other, net - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 2 - - - - - - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - - - - Other interest 5 - - - - - - Capitalized interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges 5 - - - - - - ------ ------ ------ ------ ------ ------ ------ Income (Loss) before Income Taxes and Minority Interests 2 2 (4) 2 (2) 3 2 Income Taxes 4 - - - - - - Minority Interests - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ (2) $ 2 $ (4) $ 2 $ (2) $ 3 $ 2 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS FIELD SERVICES INC. Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) (Continued from Previous Page) Inter-CompanyCMS Field CMS Pipeline Elimina-tionsServices, CMS Gulf Company Inc. Consol. Coast LLC Operating Revenue Natural gas transmission $ 36 $ 2 $ - $858 Other - - - - ------ ------ ------ ------ Total operating revenue 36 2 - 858 ------ ------ ------ ------ Operating Expenses Cost of gas sold 24 - - 650 Other operation expense 2 - - 163 Maintenance - 1 - 7 Depreciation, depletion and amortization 3 - - 20 General taxes - - - 2 ------ ------ ------ ------ Total operating expenses 29 1 - 842 ------ ------ ------ ------ Pretax Operating Income (Loss) 7 1 - 16 ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - 1 Gain (loss) on asset sales - - - 1 Other, net - - - - ------ ------ ------ ------ Total other income (deductions) - - - 2 ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - Other interest - - - 5 Capitalized interest - - - - ------ ------ ------ ------ Net fixed charges - - - 5 ------ ------ ------ ------ Income (Loss) before Income Taxes and Minority Interests 7 1 - 13 Income Taxes - - - 4 Minority Interests - - 1 1 ------ ------ ------ ------ Net Income (Loss) $ 7 $ 1 $ (1) $ 8 ====== ====== ====== ====== (11) Represents CMS Field Services, Inc., CMS Laverne Gas Processing LLC, CMS Oklahoma Natural Gas Gathering LLC and CMS Hydrocarbons LLC consolidated.
CMS OPERATING S.A. Consolidating Statement of Income For the Year Ended December 31, 2001 (In Millions) Centrales Inter-CompanyCMS CMS Termicas CMS Elimina-tionsOperating Operating Mendoza S.A. Ensenada S.A. Consol. S.A. (12) S.A. Operating Revenue Independent power production $ - $ 77 $ 48 $ - $125 Other - - - - - ------ ------ ------ ------ ------ Total operating revenue - 77 48 - 125 ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - 33 27 - 60 Purchased and interchange power - 18 3 - 21 Other operation expense 5 10 4 - 19 Maintenance - 7 2 - 9 Depreciation, depletion and amortization 1 11 5 - 17 General taxes - - - - - ------ ------ ------ ------ ------ Total operating expenses 6 79 41 - 126 ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (6) (2) 7 - (1) ------ ------ ------ ------ ------ Other Income (Deductions) - 3 1 (3) 1 ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - 5 - 5 Other interest - - - - - Capitalized Interest - - - - - ------ ------ ------ ------ ------ Net fixed charges - - 5 - 5 ------ ------ ------ ------ ------ Income (Loss) before Income Taxes and Minority Interests (6) 1 3 (3) (5) Income Taxes (Benefit) (5) 1 - - (4) Minority Interests - - - - - ------ ------ ------ ------ ------ Net Income (Loss) $ (1) $ - $ 3 $(3) $ (1) ====== ====== ====== ====== ====== (12) Represents CMS Operating S.A. and Cuyana S.A. de Inversiones consolidated.
CMS ENERGY CORPORATION Consolidating Balance Sheet Assets December 31, 2001 (In Millions) Consumers CMS Inter-company Energy Enterprises Elimina-tionCMS Energy CMS Energy Company Company Corporation Corp. (1) Consol. Consol. Consol. Plant and Property (At Cost) Electric $ - $7,661 $ - $ - $ 7,661 Gas - 2,593 - - 2,593 Natural gas transmission - - 2,271 - 2,271 Oil and gas properties - - 849 - 849 Independent power production - - 916 - 916 International energy dist. - - 228 - 228 Other 40 23 50 - 113 ------ ------ ------ ------ ------ 40 10,277 4,314 - 14,631 Less accumulated depreciation, depletion and amortization 13 5,934 886 - 6,833 ------ ------ ------ ------ ------ 27 4,343 3,428 - 7,798 Construction work-in-progress - 464 100 - 564 ------ ------ ------ ------ ------ 27 4,807 3,528 - 8,362 ------ ------ ------ ------ ------ Investments Associated companies 6,678 57 47 (6,782) - Independent power production - - 718 - 718 Natural gas transmission - - 501 - 501 First Midland Limited Partnership - 253 - - 253 Midland Cogeneration Venture - 300 - - 300 Other 33 2 88 - 123 ------ ------ ------ ------ ------ 6,711 612 1,354 (6,782) 1,895 ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 10 16 163 - 189 Accounts/notes receivable 117 (97) 1,352 (247) 1,125 Accrued revenues - 239 - - 239 Inventories to average cost Gas in underground storage - 569 18 - 587 Materials and supplies - 69 105 - 174 Generating plant fuel stock - 52 - - 52 Prepayments and other (11) 177 161 - 327 ------ ------ ------ ------ ------ 116 1,025 1,799 (247) 2,693 ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - 811 - 811 Securitization costs - 717 - - 717 Nuclear decommissioning trust funds - 581 - - 581 Notes receivable-related parties 959 - 510 (1,292) 177 Notes receivable - - 134 - 134 Postretirement benefits - 209 - - 209 Abandoned Midland project - 12 - - 12 Other 157 343 293 (46) 747 ------ ------ ------ ------ ------ 1,116 1,862 1,748 (1,338) 3,388 ------ ------ ------ ------ ------ Total Assets $7,970 $8,306 $8,429 $(8,367) $16,338 ====== ====== ====== ====== ====== (1) Represents CMS Energy Corporation with CMS Energy Trust I, CMS Energy Trust II, CMS Energy Trust III, Consumers Energy Company and CMS Enterprises Company included on the equity method of accounting.
CMS ENERGY CORPORATION Consolidating Balance Sheet Equity and Liabilities December 31, 2001 (In Millions) Consumers CMS Inter-companCMS Energy Energy Enterprises Elimina-tionCorporation CMS Energy Company Company Consol. Corp. (1) Consol. Consol. Capitalization Common Stockholders' Equity Common stock $ 1 $841 $ - $(841) $ 1 Other paid-in-capital 3,477 632 6,139 (6,979) 3,269 Currency translation (295) - (293) 293 (295) Revaluation capital (30) 4 (4) - (30) Retained earnings (1,055) 373 (1,255) 882 (1,055) ------ ------ ------ ------ ------ 2,098 1,850 4,587 (6,645) 1,890 Preferred stock 125 44 - (125) 44 Company-obligated mandatorily redeemable preferred securities of Consumer's subsidiaries - 520 - - 520 Company-obligated convertible Trust Preferred Securities of subsidiaries 694 - - - 694 Long-term debt 4,716 2,472 1,398 (1,291) 7,295 Non-current capital leases - 56 4 - 60 ------ ------ ------ ------ ------ 7,633 4,942 5,989 (8,061) 10,503 ------ ------ ------ ------ ------ Minority Interests - - 86 - 86 ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt 227 244 124 - 595 Current capital leases - 13 1 - 14 Notes payable - 416 69 (69) 416 Accounts payable 3 291 804 (9) 1,089 Accounts payable - related parties 4 80 46 (68) 62 Accrued interest 101 47 32 (17) 163 Accrued taxes 2 219 (15) (81) 125 Deferred income taxes - 12 39 - 51 Other 20 213 278 - 511 ------ ------ ------ ------ ------ 357 1,535 1,378 (244) 3,026 ------ ------ ------ ------ ------ Non-current Liabilities Deferred income taxes (44) 747 116 (46) 773 Postretirement benefits 23 279 31 - 333 Deferred investment tax credit - 102 - - 102 Regulatory liabilities for income taxes, net - 276 - - 276 Power loss contract reserves - 169 185 - 354 Gas supply contract obligations - - 287 - 287 Other 1 256 357 (16) 598 ------ ------ ------ ------ ------ (20) 1,829 976 (62) 2,723 ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $7,970 $8,306 $8,429 $(8,367) $16,338 ====== ====== ====== ====== ======= (1) Represents CMS Energy Corporation with CMS Energy Trust I, CMS Energy Trust II, CMS Energy Trust III, Consumers Energy Company and CMS Enterprises Company included on the equity method of accounting.
CONSUMERS ENERGY COMPANY Consolidating Balance Sheet Assets December 31, 2001 (In Millions) Consumers Michigan CMS Inter-CompanConsumers Energy Electric Consumers Midland CMS Elimina-tionEnergy Company (2) Trans. Funding LLC Holdings Midland Company Company Company Inc. Consol. Plant and Property (At Cost) Electric $7,211 $450 $ - $ - $ - $ - $7,661 Gas 2,593 - - - - - 2,593 Other 23 - - - - - 23 ------ ------ ------ ------ ------ ------ ------ 9,827 450 - - - - 10,277 Less accumulated depreciation, depletion and amortization 5,715 219 - - - - 5,934 ------ ------ ------ ------ ------ ------ ------ 4,112 231 - - - - 4,343 Construction work-in-progress 435 29 - - - - 464 ------ ------ ------ ------ ------ ------ ------ 4,547 260 - - - - 4,807 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 744 - - - - (687) 57 First Midland Limited Partnership - - - 253 - - 253 Midland Cogeneration Venture - - - - 300 - 300 Other 2 - - - - - 2 ------ ------ ------ ------ ------ ------ ------ 746 - - 253 300 (687) 612 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 10 - 4 - 2 - 16 Accounts/notes receivable (75) 44 17 - 10 (93) (97) Accrued revenues 239 - - - - - 239 Inventories to average cost Gas in underground storage 569 - - - - - 569 Materials and supplies 63 6 - - - - 69 Generating plant fuel stock 52 - - - - - 52 Prepayments and other 167 10 - - - - 177 ------ ------ ------ ------ ------ ------ ------ 1,025 60 21 - 12 (93) 1,025 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Securitization costs 717 - - - - - 717 Nuclear decommissioning trust funds 581 - - - - - 581 Postretirement benefits 209 - - - - - 209 Abandoned Midland project 12 - - - - - 12 Notes receivable - related party 536 - 453 - - (989) - Other 343 - - - - - 343 ------ ------ ------ ------ ------ ------ ------ 2,398 - 453 - - (989) 1,862 ------ ------ ------ ------ ------ ------ ------ Total Assets $8,716 $320 $ 474 $253 $312 $(1,769) $8,306 ====== ====== ====== ====== ====== ====== ====== (2) Represents Consumers Energy Company, Consumers Power Company Financing I, Consumers Energy Company Financing II, Consumers Energy Company Financing III, Consumers Energy Company Financing IV, Consumers Nuclear Services, Consumers Parnell Holdings LLC, Michigan Gas Storage Company, ES Services Company, CMS Engineering Company, Consumers EnergyGuard Services, Inc. and MEC Development Corporation consolidated with Michigan Electric Transmission Company, Consumers Funding LLC, CMS Midland Holdings Company, CMS Midland, Inc. and Huron Hydrocarbons, Inc. included on the equity method of accounting.
CONSUMERS ENERGY COMPANY Consolidating Balance Sheet Equity and Liabilities December 31, 2001 (In Millions) Consumers Michigan CMS Inter-CompanConsumers Energy Trans. Consumers Midland CMS Elimina-tionEnergy Company (2) Electric Funding LLC Holdings Midland Company Company Company Inc. Consol. Capitalization Common Stockholders' Equity Common stock $872 $ - $ - $ - $ - $(31) $841 Other paid-in-capital 640 198 2 54 168 (430) 632 Revaluation capital 5 - - - (8) 7 4 Retained earnings 412 22 - 35 137 (233) 373 ------ ------ ------ ------ ------ ------ ------ 1,929 220 2 89 297 (687) 1,850 Preferred stock 44 - - - - - 44 Company-obligated mandatorily redeemable preferred securities of subsidiaries 520 520 Long-term debt 3,008 - 453 - - (989) 2,472 Non-current capital leases 56 - - - - - 56 ------ ------ ------ ------ ------ ------ ------ 5,557 220 455 89 297 (1,676) 4,942 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt 228 - 16 - - - 244 Current capital leases 13 - - - - - 13 Notes payable 442 - - - - (26) 416 Accounts payable 298 - - - - (7) 291 Accounts payable - related parties 122 18 - - - (60) 80 Accrued interest 47 - - - - - 47 Accrued taxes 212 11 - 4 (8) - 219 Deferred income taxes 12 - - - - - 12 Other 210 - 3 - - - 213 ------ ------ ------ ------ ------ ------ ------ 1,584 29 19 4 (8) (93) 1,535 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Deferred income taxes 537 42 - 146 22 - 747 Postretirement benefits 279 - - - - - 279 Deferred investment tax credit 87 - - 14 1 - 102 Regulatory liabilities for income taxes, net 276 - - - - - 276 Power loss contract reserves 169 - - - - - 169 Other 227 29 - - - - 256 ------ ------ ------ ------ ------ ------ ------ 1,575 71 - 160 23 - 1,829 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $8,716 $320 $474 $253 $312 $(1,769) $8,306 ====== ====== ====== ====== ====== ====== ====== (2) Represents Consumers Energy Company, Consumers Power Company Financing I, Consumers Energy Company Financing II, Consumers Energy Company Financing III, Consumers Energy Company Financing IV, Consumers Nuclear Services, Consumers Parnell Holdings LLC, Michigan Gas Storage Company, ES Services Company, CMS Engineering Company, Consumers EnergyGuard Services, Inc. and MEC Development Corporation consolidated with Michigan Electric Transmission Company, Consumers Funding LLC, CMS Midland Holdings Company, CMS Midland, Inc. and Huron Hydrocarbons, Inc. included on the equity method of accounting.
CMS ENTERPRISES COMPANY Consolidating Balance Sheet Assets December 31, 2001 (In Millions) CMS Enterprise CMS Oil CMS Gas Company and Gas CMS CMS CMS Land CMS MS&T Trans. (3) Co. Generation Resource Company Company Company Consol. Co. Consol. Dev. Co. Consol. Plant and Property (At Cost) Oil and gas properties $ - $849 $ - $ - $ - $ - $ - Natural gas transmission - - - - - - 2,272 Independent power production - - 597 - - - - International energy distribution - - - - - - - Other 3 - - - 15 22 - ------ ------ ------ ------ ------ ------ ------ 3 849 597 - 15 22 2,272 Less accumulated depreciation, depletion and amortization 2 257 50 - - 8 273 ------ ------ ------ ------ ------ ------ ------ 1 592 547 - 15 14 1,999 Construction work-in-progress - - - - - 3 34 ------ ------ ------ ------ ------ ------ ------ 1 592 547 - 15 17 2,033 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 4,581 - - - - - - Independent power production - - 718 - - - - Natural gas transmission - - - - - - 553 Other 34 - - - 10 29 - ------ ------ ------ ------ ------ ------ ------ 4,615 - 718 - 10 29 553 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - 42 34 - - 19 8 Accounts/notes receivable 14 158 188 10 - 798 418 Gas in underground storage - - - - - 16 2 Materials and supplies - 14 8 - - - 66 Prepayments and other 1 2 9 2 - 81 58 ------ ------ ------ ------ ------ ------ ------ 15 216 239 12 - 914 552 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - 12 - - 14 745 Notes receivable - 5 107 - - - 19 Notes receivable-related parties - - 5 - - 333 338 Other 13 14 152 2 - 2 73 ------ ------ ------ ------ ------ ------ ------ 13 19 276 2 - 349 1,175 ------ ------ ------ ------ ------ ------ ------ Total Assets $4,644 $827 $1,780 $ 14 $ 25 $1,309 $4,313 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS ENTERPRISES COMPANY Consolidating Balance Sheet Assets December 31, 2001 (In Millions) (Continued from Previous Page) CMS CMS CMS Micro-Power Inter-companCMS Electric CMS Operating Systems/ Elimina-tionEnterprises & Gas Capital S.A. Co. CMS Dist. Company Company LLC Consol. Power LLC Consol. Plant and Property (At Cost) Oil and gas properties $ - $ - $ - $ - $ - $849 Natural gas transmission - - - - (1) 2,271 Independent power production - - 319 - - 916 International energy distribution 228 - - - - 228 Other - 1 - 9 - 50 ------ ------ ------ ------ ------ ------ 228 1 319 9 (1) 4,314 Less accumulated depreciation, depletion and amortization 226 - 67 3 - 886 ------ ------ ------ ------ ------ ------ 2 1 252 6 (1) 3,428 Construction work-in-progress 25 - 1 37 - 100 ------ ------ ------ ------ ------ ------ 27 1 253 43 (1) 3,528 ------ ------ ------ ------ ------ ------ Investments Associated companies - - - - (4,534) 47 Independent power production - - - - - 718 Natural gas transmission - - 8 - (60) 501 Other 15 - - - - 88 ------ ------ ------ ------ ------ ------ 15 - 8 - (4,594) 1,354 ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 29 (2) 33 - - 163 Accounts/notes receivable 102 636 60 1 (1,033) 1,352 Gas in underground storage - - - - - 18 Materials and supplies 8 - 9 - - 105 Prepayments and other 14 1 - - (7) 161 ------ ------ ------ ------ ------ ------ 153 635 102 1 (1,040) 1,799 ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net 40 - - - - 811 Notes receivable - - 3 - - 134 Notes receivable-related parties - 175 21 - (362) 510 Other 7 1 29 - - 293 ------ ------ ------ ------ ------ ------ 47 176 53 - (362) 1,748 ------ ------ ------ ------ ------ ------ Total Assets $242 $812 $ 416 $ 44 $(5,997) $8,429 ====== ====== ====== ====== ====== ====== (3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc., CMS Comercializadora de Energia S.A., CMS Energy South America Company and CMS Energy UK Limited consolidated with CMS Oil and Gas Company, CMS Generation Company, CMS Land Company, CMS Distributed Power LLC, CMS MicroPower Systems LLC, CMS Capital LLC, CMS Marketing, Services and Trading Company, CMS Gas Transmission Company, CMS Operating S.A. Company, CMS Resource Development Company and CMS Electric and Gas Company included on the equity method of accounting.
CMS ENTERPRISES COMPANY Consolidating Balance Sheet Equity and Liabilities December 31, 2001 (In Millions) CMS Oil CMS Gas CMS and Gas CMS CMS CMS Land CMS MS&T Trans. Enterprises Co. Generation Resource Company Company Company Company (3) Consol. Co. Consol. Dev. Co. Consol. Capitalization Common Stockholders' Equity Common stock $ 1 $173 $ - $ - $ - $ - $ - Other paid-in-capital 6,143 93 2,078 4 22 238 2,283 Currency translation (294) - (186) - - - (35) Revaluation capital (5) 5 (19) - - - (2) Retained earnings (1,258) 88 (673) 3 (2) 6 (77) ------ ------ ------ ------ ------ ------ ------ 4,587 359 1,200 7 20 244 2,169 Long-term debt - 68 - - - - 1,131 Non-current capital leases - 3 - - - - 1 ------ ------ ------ ------ ------ ------ ------ 4,587 430 1,200 7 20 244 3,301 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - 13 - - - 102 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - 110 - - - - 6 Current capital leases - - - - - - 1 Notes payable - 109 371 1 3 71 109 Accounts payable 9 82 13 1 - 542 94 Accounts payable - related parties 39 11 28 1 - 119 9 Accrued interest 1 2 1 - - - 28 Accrued taxes (8) 14 (25) 1 - (13) (13) Deferred income taxes - 46 - - - - - Other 2 23 72 1 - (16) 178 ------ ------ ------ ------ ------ ------ ------ 43 397 460 5 3 703 412 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits 8 7 3 2 - 2 3 Deferred income taxes 5 (9) (114) - 2 22 226 Power loss contract reserves - - 185 - - - - Gas supply contract obligations - - - - - 287 - Other 1 2 33 - - 51 269 ------ ------ ------ ------ ------ ------ ------ 14 - 107 2 2 362 498 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $4,644 $827 $1,780 $ 14 $ 25 $1,309 $4,313 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS ENTERPRISES COMPANY Consolidating Balance Sheet Equity and Liabilities December 31, 2001 (In Millions) (Continued from Previous Page) CMS CMS CMS Micro-Power Inter-companCMS Electric Operating CMS Systems/CMS Elimina-tionEnterprises & Gas S.A. Co. Capital Dist. Power Company Company Consol. LLC LLC Consol. Capitalization Common Stockholders' Equity Common stock $ - $ 36 $ - $ - $(210) $ - Other paid-in-capital 508 272 24 50 (5,576) 6,139 Currency translation (71) - - - 293 (293) Revaluation capital - - - - 17 (4) Retained earnings (307) 11 16 (4) 942 (1,255) ------ ------ ------ ------ ------ ------ 130 319 40 46 (4,534) 4,587 Long-term debt 2 46 513 - (362) 1,398 Non-current capital leases - - - - - 4 ------ ------ ------ ------ ------ ------ 132 365 553 46 (4,896) 5,989 ------ ------ ------ ------ ------ ------ Minority Interests 21 10 - - (60) 86 ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt 1 7 - - - 124 Current capital leases - - - - - 1 Notes payable - - 255 - (850) 69 Accounts payable 41 16 1 - 5 804 Accounts payable - related parties 25 - - - (186) 46 Accrued interest - - 2 - (2) 32 Accrued taxes 23 7 1 (2) - (15) Deferred income taxes - - - - (7) 39 Other 15 3 - - - 278 ------ ------ ------ ------ ------ ------ 105 33 259 (2) (1,040) 1,378 ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits 6 - - - - 31 Deferred income taxes (23) 8 - - (1) 116 Power loss contract reserves - - - - - 185 Gas supply contract obligations - - - - - 287 Other 1 - - - - 357 ------ ------ ------ ------ ------ ------ (16) 8 - - (1) 976 ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $242 $416 $812 $ 44 $(5,997) $8,429 ====== ====== ====== ====== ====== ====== (3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc., CMS Comercializadora de Energia S.A., CMS Energy South America Company and CMS Energy UK Limited consolidated with CMS Oil and Gas Company, CMS Generation Company, CMS Land Company, CMS Distributed Power LLC, CMS Capital LLC, CMS MicroPower Systems LLC, CMS Marketing, Services and Trading Company, CMS Gas Transmission Company, CMS Operating S.A. Company, CMS Resource Development Company and CMS Electric and Gas Company included on the equity method of accounting.
CMS OIL AND GAS COMPANY Consolidating Balance Sheet Assets December 31, 2001 (In Millions) Explota-tiones CMS Oil & CMS Oil CMS Oil & CMS Oil CMS Oil & CMS Oil & Gas and Gas Gas Co. & Gas Gas Congo Gas Interna. Company CMS O&G Int'l Ltd. Venezuela Co. Consol. (4) Alba LDC Ltd. LDC Plant and Property (Suc Efforts) Oil and gas properties $340 $ 13 $ 55 $ - $ 15 $ 81 $148 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 340 13 55 - 15 81 148 Less accumulated depreciation, depletion and amortization 104 3 39 - 3 34 63 ------ ------ ------ ------ ------ ------ ------ 236 10 16 - 12 47 85 Construction work-in-progress - - - - - - - ------ ------ ------ ------ ------ ------ ------ 236 10 16 - 12 47 85 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 439 - - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 439 - - - - - - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - 1 1 14 2 - 10 Accounts/notes receivable 64 - 2 31 1 10 45 Materials and supplies 8 - 1 - - - 5 Prepayments and other - - - - - 1 1 ------ ------ ------ ------ ------ ------ ------ 72 1 4 45 3 11 61 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Notes receivable - 1 - - - - 3 Other 5 - - 5 - - 1 ------ ------ ------ ------ ------ ------ ------ 5 1 - 5 - - 4 ------ ------ ------ ------ ------ ------ ------ Total Assets $752 $ 12 $ 20 $ 50 $ 15 $ 58 $150 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS OIL AND GAS COMPANY Consolidating Balance Sheet Assets December 31, 2001 (In Millions) (Continued from Previous Page) Inter-company Eliminations CMS Oil & Gas CMS Oil & Gas E.G. CMS Oil & Gas Company LDC E.G. Ltd. Consol. Plant and Property (Suc Efforts) Oil and gas properties $ 7 $190 $ - $849 Other - - - - ------ ------ ------ ------ 7 190 - 849 Less accumulated depreciation, depletion and amortization 1 10 - 257 ------ ------ ------ ------ 6 180 - 592 Construction work-in-progress - - - - ------ ------ ------ ------ 6 180 - 592 ------ ------ ------ ------ Investments Associated companies - - (439) - Other - - - - ------ ------ ------ ------ - - (439) - ------ ------ ------ ------ Current Assets Cash and temporary cash investments - 14 - 42 Accounts/notes receivable - 23 (18) 158 Materials and supplies - 7 (7) 14 Prepayments and other - - - 2 ------ ------ ------ ------ - 44 (25) 216 ------ ------ ------ ------ Non-current Assets Notes receivable 1 - - 5 Other - 3 - 14 ------ ------ ------ ------ 1 3 - 19 ------ ------ ------ ------ Total Assets $ 7 $227 $ (464) $827 ====== ====== ====== ====== (4) Represents CMS Oil and Gas Company consolidated with CMS Oil and Gas International Company included on the equity method of accounting.
CMS OIL AND GAS COMPANY Consolidating Balance Sheet Equity and Liabilities December 31, 2001 (In Millions) Explota-tiones CMS Oil CMS Oil CMS Oil CMS Oil CMS Oil & and Gas and Gas & Gas & Gas Gas CMS Oil & Gas Company CMS O&G Co. Intl. Congo Venezuela Interna. Co. (4) Alba LDC Ltd. Ltd. LDC Consol. Capitalization Common Stockholders' Equity Common stock $173 $ - $ - $ 1 $ - $ - $ - Other paid-in-capital 93 5 64 26 7 33 78 Revaluation capital 5 - - - - - - Retained earnings 92 7 (35) 15 7 16 28 ------ ------ ------ ------ ------ ------ ------ 363 12 29 42 14 49 106 Long-term debt 68 - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 431 12 29 42 14 49 106 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt 110 - - - - - - Notes payable 109 - - 1 - - - Accounts payable 30 - 2 13 - 2 20 Accounts payable - related parties 20 - 1 (6) 1 2 10 Accrued interest 1 - - - - - - Accrued taxes 6 - (1) - - 5 2 Deferred income taxes 46 - - - - - - Other 7 - - - - - 11 ------ ------ ------ ------ ------ ------ ------ 329 - 2 8 1 9 43 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits 7 - - - - - - Deferred income taxes (16) - (11) - - - - Other 1 - - - - - 1 ------ ------ ------ ------ ------ ------ ------ (8) - (11) - - - 1 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $752 $ 12 $ 20 $ 50 $ 15 $ 58 $150 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS OIL AND GAS COMPANY Consolidating Balance Sheet Equity and Liabilities December 31, 2001 (In Millions) (Continued from Previous Page) Inter-company CMS Oil & CMS Oil & CMS Oil & Gas Eliminations Gas Company Gas E.G. LDC E.G. Ltd. Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ (1) $173 Other paid-in-capital 2 118 (333) 93 Revaluation capital - - - 5 Retained earnings 5 62 (109) 88 ------ ------ ------ ------ 7 180 (443) 359 Long-term debt - - - 68 Non-current capital leases - 3 - 3 ------ ------ ------ ------ 7 183 (443) 430 ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - 110 Notes payable - - (1) 109 Accounts payable - 15 - 82 Accounts payable - related parties - - (17) 11 Accrued interest - 1 - 2 Accrued taxes - 1 1 14 Deferred income taxes - - - 46 Other - 5 - 23 ------ ------ ------ ------ - 22 (17) 397 ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - 7 Deferred income taxes - 22 (4) (9) Other - - - 2 ------ ------ ------ ------ - 22 (4) - ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 7 $227 $ (464) $827 ====== ====== ====== ====== (4) Represents CMS Oil and Gas Company consolidated with CMS Oil and Gas International Company included on the equity method of accounting.
CMS OIL AND GAS INTERNATIONAL COMPANY Consolidating Balance Sheet Assets December 31, 2001 (In Millions) CMS Oil & CMS Oil & CMS Oil & Inter-companCMS Oil & Gas Int'l CMS NOMECO Gas Int'l Gas Elimina-tionGas Int'l Co. (5) Int'l Congo Tunisia, Inc. Cameroon, Co. Consol. Hld., Inc. Ltd. Plant and Property (Suc Efforts) Oil and gas properties $ 3 $ 105 $ 36 $ 4 $ - $148 Other - - - - - - ------ ------ ------ ------ ------ ------ 3 105 36 4 - 148 Less accumulated depreciation, depletion and amortization 2 54 7 - - 63 ------ ------ ------ ------ ------ ------ 1 51 29 4 - 85 Construction work-in-progress - - - - - - ------ ------ ------ ------ ------ ------ 1 51 29 4 - 85 ------ ------ ------ ------ ------ ------ Investments Associated companies 107 18 - - (125) - Other - - - - - - ------ ------ ------ ------ ------ ------ 107 18 - - (125) - ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - 6 3 1 - 10 Accounts/notes receivable - 33 11 1 - 45 Materials and supplies - 4 1 - - 5 Prepayments and other - 1 - - - 1 ------ ------ ------ ------ ------ ------ - 44 15 2 - 61 ------ ------ ------ ------ ------ ------ Non-current Assets Notes receivable - - 3 - - 3 Other (1) 1 2 (1) - 1 ------ ------ ------ ------ ------ ------ (1) 1 5 (1) - 4 ------ ------ ------ ------ ------ ------ Total Assets $107 $114 $ 49 $ 5 $ (125) $150 ====== ====== ====== ====== ====== ====== (5) Represents CMS Oil and Gas International Company and CMS Oil and Gas Eritrea Ltd. consolidated.
CMS OIL AND GAS INTERNATIONAL COMPANY Consolidating Balance Sheet Equity and Liabilities December 31, 2001 (In Millions) CMS Oil & CMS Oil & Inter-company CMS Oil & CMS NOMECO Gas Int'l Gas Elimination CMS Oil & Gas Int'l Int'l Congo Tunisia, Inc. Cameroon, Gas Int'l Co. (5) Hld., Inc. Inc. Co. Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - Other paid-in-capital 85 56 15 6 (84) 78 Retained earnings 22 31 18 (2) (41) 28 ------ ------ ------ ------ ------ ------ 107 87 33 4 (125) 106 Long-term debt - - - - - - Non-current capital leases - - - - - - ------ ------ ------ ------ ------ ------ 107 87 33 4 (125) 106 ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - Notes payable - - - - - - Accounts payable - 16 3 1 - 20 Accounts payable - related parties - 7 3 - - 10 Accrued interest - - - - - - Accrued taxes - 1 1 - - 2 Other - 11 - - - 11 ------ ------ ------ ------ ------ ------ - 35 7 1 - 43 ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - Deferred income taxes - (8) 8 - - - Other - - 1 - - 1 ------ ------ ------ ------ ------ ------ - (8) 9 - - 1 ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $107 $114 $ 49 $ 5 $ (125) $150 ====== ====== ====== ====== ====== ====== (5) Represents CMS Oil and Gas International Company, CMS Oil and Gas International Transportation Company, CMS Oil and Gas Cote D'Ivoire Ltd. and CMS Oil and Gas Eritrea Ltd. consolidated.
CMS GENERATION COMPANY Consolidating Balance Sheet Assets December 31, 2001 (In Millions) CMSG CMSG CMSG Taweelah Filer CMS Oxford Filer CMSG Grayling A2 City Generation CMS Dev. City, Grayling Holdings Operating Oper. Co. (6) LP Inc. Company Company Company Company Plant and Property (At Cost) Independent power production $ 1 $ 2 $ - $ - $ - $ - $ - Less accumulated depreciation, depletion and amortization 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ - 2 - - - - - Construction work-in-progress - - - - - - - ------ ------ ------ ------ ------ ------ ------ - 2 - - - - - ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 784 10 - - - - - Other 32 - 20 1 6 - - ------ ------ ------ ------ ------ ------ ------ 816 10 20 1 6 - - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - - - - - - Accounts/notes receivable 131 - - - 1 1 1 Materials and supplies - - - - - - - Generating plant fuel stock - - - - - - - Prepayments and other 2 - - - - - - ------ ------ ------ ------ ------ ------ ------ 133 - - - 1 1 1 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - - - - Notes receivable - - - - - - - Notes receivable - related parties - - - - - - - Other 118 - - - - - - ------ ------ ------ ------ ------ ------ ------ 118 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $1,067 $ 12 $ 20 $ 1 $ 7 $ 1 $ 1 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet Assets December 31, 2001 (In Millions) (Continued from Previous Page) Dearborn CMSG CMSG HYDRA-CO Indust. CMS Dearborn Exeter Invest Michigan Enterprises, Generation Generation Gen Oper. Energy LP Co. I Power LLC Inc. LLC S.A. LLC Consol Plant and Property (At Cost) Independent power production $467 $ - $ - $ 50 $ - $ 77 $ - Less accumulated depreciation, and amortization 7 - - 36 - 6 - ------ ------ ------ ------ ------ ------ ------ 460 - - 14 - 71 - Construction work-in-progress - - - - - - - ------ ------ ------ ------ ------ ------ ------ 460 - - 14 - 71 - ------ ------ ------ ------ ------ ------ ------ Investments Associated companies - - - - - - - Other - 14 - - 558 - 55 ------ ------ ------ ------ ------ ------ ------ - 14 - - 558 - 55 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments (1) - - 8 16 - - Accounts/notes receivable 48 - 5 1 97 2 4 Materials and supplies 7 - - - 1 - - Generating plant fuel stock - - - - - - - Prepayments and other 1 - 1 - 1 - - ------ ------ ------ ------ ------ ------ ------ 55 - 6 9 115 2 4 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - 12 - - Notes receivable - - - - 107 - - Notes receivable - related parties - - - - - - (2) Other 24 - - - 1 - 9 ------ ------ ------ ------ ------ ------ ------ 24 - - - 120 - 7 ------ ------ ------ ------ ------ ------ ------ Total Assets $539 $ 14 $ 6 $ 23 $793 $ 73 $ 66 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet Assets December 31, 2001 (In Millions) (Continued from Previous Page) CMS Inter-company Generation CMSG CMS CMSG CMS Int'l CMSG Elimination Company Holdings Genesee Operating Co. Operating Invest. Consol. Company Co. Co. Co. III Plant and Property (At Cost) Independent power production $ - $ - $ - $ - $ - $ - $ 597 Less accumulated depreciation, depletion and amortization - - - - - - 50 ------ ------ ------ ------ ------ ------ ------ - - - - - - 547 Construction work-in-progress - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - 547 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 1 - - - - (795) - Other 4 1 - - 27 - 718 ------ ------ ------ ------ ------ ------ ------ 5 1 - - 27 (795) 718 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - - 9 2 - 34 Accounts/notes receivable 2 1 5 4 (1) (114) 188 Materials and supplies - - - - - - 8 Generating plant fuel stock - - - - - - - Prepayments and other - - - 1 3 - 9 ------ ------ ------ ------ ------ ------ ------ 2 1 5 14 4 (114) 239 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - - - 12 Notes receivable - - - - - - 107 Notes receivable - related parties - - - - 7 - 5 Other - - - - - - 152 ------ ------ ------ ------ ------ ------ ------ - - - - 7 - 276 ------ ------ ------ ------ ------ ------ ------ Total Assets $ 7 $ 2 $ 5 $ 14 $ 38 $ (909) $1,780 ====== ====== ====== ====== ====== ====== ====== (6) Represents CMS Generation Company, CMSG Chateaugay Company, CMSG Honey Lake Company, CMSG Recycling Company, Mid-Michigan Recycling LLC, CMSG Mon Valley Company, CMSG Lyonsdale Company, CMSG Montreal Company and CMS Centrales Termicas S.A. consolidated with CMSG Investment Company I included on the equity method of accounting.
CMS GENERATION COMPANY Consolidating Balance Sheet Equity and Liabilities December 31, 2001 (In Millions) CMSG CMSG CMSG CMSG Filer CMS Honey Filer CMSG Grayling Dearborn City Generation Lake City, Grayling Holdings Generation Oper. Co. (6) Company Inc. Company Company Oper. LLC Company Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 2,078 10 6 4 7 3 1 Currency translation (186) - - - - - - Revaluation capital (19) - - - (1) - - Retained earnings (673) (9) 10 (4) (5) 2 - ------ ------ ------ ------ ------ ------ ------ 1,200 1 16 - 1 5 1 Long-term debt - - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 1,200 1 16 - 1 5 1 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - - - - - - ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable 15 - - - - - - Accounts payable 10 - - - - - - Accounts payable - related parties 11 - - - - - - Accrued interest 1 - - - - - - Accrued taxes (41) 3 - - - - - Other - - - - - 1 - ------ ------ ------ ------ ------ ------ ------ (4) 3 - - - 1 - ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits 2 - - - - - - Deferred income taxes (132) (4) 4 1 6 - - Power loss contract reserves - - - - - - - Other 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ (129) (4) 4 1 6 - - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $1,067 $ - $ 20 $ 1 $ 7 $ 6 $ 1 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet Equity and Liabilities December 31, 2001 (In Millions) (Continued from Previous Page) HYDRA-CO Dearborn Mid-Michigan CMSG CMSG Enterprise, Indust. CMS CMSG Recycling Invest Michigan Inc. Generation LLC Generation Recycling LLC Co. I Power LLC S.A. Company Consol Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 129 45 3 4 1,027 75 199 Currency translation - - - - (180) - - Revaluation capital - - - - (11) - - Retained earnings (236) (31) (2) (5) (174) (3) (154) ------ ------ ------ ------ ------ ------ ------ (107) 14 1 (1) 662 72 45 Long-term debt - - - - 91 - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ (107) 14 1 (1) 753 72 45 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - - - 13 - - ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable 351 - - 1 2 - - Accounts payable 3 - - - (1) - 1 Accounts payable - related parties 22 - - - 13 - 1 Accrued interest - - - - 1 - - Accrued taxes - - - - (1) 1 10 Other 64 - - - 5 - 2 ------ ------ ------ ------ ------ ------ ------ 440 - - 1 19 1 14 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - - (1) - 6 - 2 Power loss contract reserves 185 - - - - - - Other 21 - - - 2 - 5 ------ ------ ------ ------ ------ ------ ------ 206 - (1) - 8 - 7 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $539 $ 14 $ - $ - $793 $ 73 $66 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet Equity and Liabilities December 31, 2001 (In Millions) (Continued from Previous Page) CMSG CMSG CMSG CMS Int'l CMSG Holdings Altoona Exeter Operating Operating Invest Oxford CMS Company Company Energy LLC Co. Co. Co. III Dev. LP Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 12 (9) (10) 4 3 34 41 Currency translation - - - - (1) (5) - Revaluation capital - - - - - - - Retained earnings (12) 7 31 (1) 10 8 (29) ------ ------ ------ ------ ------ ------ ------ - (2) 21 3 12 37 12 Long-term debt - - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ - (2) 21 3 12 37 12 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - - - - - - ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable - 2 - - - - - Accounts payable - - - - - - - Accounts payable - related parties - - 1 - 1 1 - Accrued interest - - - - - - - Accrued taxes - - 1 1 1 - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ - 2 2 1 2 1 - ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - 1 - - - Deferred income taxes 3 - - - - - - Power loss contract reserves - - - - - - - Other 4 - - - - - - ------ ------ ------ ------ ------ ------ ------ 7 - - 1 - - - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 7 $ - $ 23 $ 5 $ 14 $ 38 $ 12 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet Equity and Liabilities December 31, 2001 (In Millions) (Continued from Previous Page) Taweelah A2 Operating Company CMSG Genesee Co. Intercompany CMS Generation Eliminations Company Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - Other paid-in-capital 1 1 (1,590) 2,078 Currency translation - - 186 (186) Revaluation capital - - 12 (19) Retained earnings - - 597 (673) ------ ------ ------ ------ 1 1 (795) 1,200 Long-term debt - - (91) - Non-current capital leases - - - - ------ ------ ------ ------ 1 1 (886) 1,200 ------ ------ ------ ------ Minority Interests - - - 13 ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - Current capital leases - - - - Notes payable - - - 371 Accounts payable - - - 13 Accounts payable - related parties - - (22) 28 Accrued interest - - (1) 1 Accrued taxes - - - (25) Other - - - 72 ------ ------ ------ ------ - - (23) 460 ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - 3 Deferred income taxes - 1 - (114) Power loss contract reserves - - - 185 Other - - - 33 ------ ------ ------ ------ - 1 - 107 ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 1 $ 2 $ (909) $1,780 ====== ====== ====== ====== (6) Represents CMS Generation Company, CMSG Mon Valley Company, CMSG Lyonsdale Company, CMSG Montreal Company, CMSG Chateaugay Company and CMS Centrales Termicas S.A. consolidated with CMSG Investment Company I included on the equity method of accounting.
CMS GENERATION INVESTMENT COMPANY I Consolidating Balance Sheet - Assets December 31, 2001 (In Millions) CMSG CMSG Loy CMSG CMSG Inv. Jegurupada CMSG Yang CMSG Invest. Co. I (8) I/II LDC Inv. Co. CMSG Cebu Holdings Taweelah Co. VI IV LDC 2 Ltd Ltd (Takoradi) Plant and Property (At Cost) Independent power production $ - $ - $ - $ - $ - $ - $ - Less accumulated depreciation, depletion and amortization - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - Construction work-in-progress - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 139 - - - - - - Other 149 6 275 11 - 80 - ------ ------ ------ ------ ------ ------ ------ 288 6 275 11 - 80 - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 1 - - 7 - - 8 Accounts/notes receivable 362 2 35 - 8 - 37 Materials and supplies - - - - - - 1 Prepayments and other - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ 363 2 35 7 8 - 47 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net 12 - - - - - - Notes receivable - - - - - - 107 Other 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ 13 - - - - - 107 ------ ------ ------ ------ ------ ------ ------ Total Assets $664 $ 8 $310 $ 18 $ 8 $ 80 $154 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION INVESTMENT COMPANY I Consolidating Balance Sheet - Assets December 31, 2001 (In Millions) (Continued from Previous Page) Inter-company CMSG Eliminations Investment Monetize Co. I Ltd Consol. Plant and Property (At Cost) Independent power production $ - $ - $ - Less accumulated depreciation, depletion and amortization - - - ------ ------ ------ - - - Construction work-in-progress - - - ------ ------ ------ - - - ------ ------ ------ Investments Associated companies - (139) - Other 37 - 558 ------ ------ ------ 37 (139) 558 ------ ------ ------ Current Assets Cash and temporary cash investments - - 16 Accounts/notes receivable - (347) 97 Materials and supplies - - 1 Prepayments and other - - 1 ------ ------ ------ - (347) 115 ------ ------ ------ Non-current Assets Goodwill, net - - 12 Notes receivable - - 107 Other - - 1 ------ ------ ------ - - 120 ------ ------ ------ Total Assets $ 37 $ (486) $793 ====== ====== ====== (8) Represents CMSG Investment Company I, CMSG Investment Company II and CMSG Pinamucan LDC consolidated.
CMS GENERATION INVESTMENT COMPANY I Consolidating Balance Sheet - Equity and Liabilities December 31, 2001 (In Millions) CMSG CMSG CMSG Loy CMSG Loy Inv. Co. Jeguru-pada CMSG CMSG Yang Yang CMSG I (8) I/II LDC Pinamucan Cebu LDC Holdings Holdings Invest. LDC 1 Ltd. 2 Ltd. Co. IV Capitalization Common Stockholders' Equity Common stock $ - $ - $ 1 $ 16 $ - $ - $ - Other paid-in-capital 1,027 - 2 - 141 142 - Currency translation (180) - - (7) (84) (84) - Revaluation capital (11) - - - - - (11) Retained earnings (174) 1 (3) 6 (215) (219) 208 ------ ------ ------ ------ ------ ------ ------ 662 1 - 15 (158) (161) 197 Long-term debt - - - - - - 91 Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 662 1 - 15 (158) (161) 288 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - - - - - - ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable 3 7 - - 157 158 17 Accounts payable (3) - - (1) 2 1 - Accounts payable - related parties 1 - - 4 - 10 3 Accrued interest - - - - - - 1 Accrued taxes - - - - (1) - - Other 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ 2 7 - 3 158 169 21 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - - - - - - - Power loss contract reserves - - - - - - - Other - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $664 $ 8 $ - $ 18 $ - $ 8 $310 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION INVESTMENT COMPANY I Consolidating Balance Sheet - Equity and Liabilities December 31, 2001 (In Millions) (Continued from Previous Page) CMSG Inter-company CMSG CMSG Invest. Elimination Investment Taweelah Co. VI Monetize Co. I Ltd. (Takoradi) Ltd. Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $(17) $ - Other paid-in-capital 74 99 29 (487) 1,027 Currency translation - - (5) 180 (180) Revaluation capital - - - 11 (11) Retained earnings 5 30 13 174 (174) ------ ------ ------ ------ ------ 79 129 37 (139) 662 Long-term debt - - - - 91 Non-current capital leases - - - - - ------ ------ ------ ------ ------ 79 129 37 (139) 753 ------ ------ ------ ------ ------ Minority Interests - 13 - - 13 ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - Current capital leases - - - - - Notes payable - - - (340) 2 Accounts payable - 2 - (2) (1) Accounts payable - related parties - - - (5) 13 Accrued interest - - - - 1 Accrued taxes - - - - (1) Other - 4 - - 5 ------ ------ ------ ------ ------ - 6 - (347) 19 ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - Deferred income taxes - 6 - - 6 Power loss contract reserves - - - - - Other 1 - - - 2 ------ ------ ------ ------ ------ 1 6 - - 8 ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 80 $154 $ 37 $ (486) $793 ====== ====== ====== ====== ====== (8) Represents CMSG Investment Company I and CMSG Investment Company II consolidated.
CMS GAS TRANSMISSION COMPANY Consolidating Balance Sheet - Assets December 31, 2001 (In Millions) CMS Gas CMS Bay CMS Trans-mission Area Saginaw Western CMS Gas CMS Company CMS Pipe-line Bay Australia Argen-tina Jackson (9) Antrim LLC LateralCompGas Trans. Company Pipeline LLC Co.I Company Plant and Property (At Cost) Natural gas transmission $ 1 $54 $ 24 $ - $ 41 $ - $ 10 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 1 54 24 - 41 - 10 Less accumulated depreciation, depletion and amortization 1 18 2 - 8 - 3 ------ ------ ------ ------ ------ ------ ------ - 36 22 - 33 - 7 Construction work-in-progress - - - - - - - ------ ------ ------ ------ ------ ------ ------ - 36 22 - 33 - 7 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 2,017 - - - - - - Other 97 - - - 205 173 - ------ ------ ------ ------ ------ ------ ------ 2,114 - - - 205 173 - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 1 - - - 6 - 1 Accounts/notes receivable 2 2 1 1 96 8 - Gas in underground storage 2 - - - - - - Materials and supplies 1 1 - - 1 - - Prepayments and other 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ 7 3 1 1 103 8 1 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - - 40 - Notes receivable 19 - - - - - - Noted receivable - related parties 1 - - - - - - Other 30 - - - 2 - 1 ------ ------ ------ ------ ------ ------ ------ 50 - - - 2 40 1 ------ ------ ------ ------ ------ ------ ------ Total Assets $2,171 $39 $ 23 $ 1 $343 $221 $ 9 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GAS TRANSMISSION COMPANY Consolidating Balance Sheet - Assets December 31, 2001 (In Millions) (Continued from Previous Page) CMS Panhandle Marysville Eastern CMS Field Inter-companCMS Gas Gas Pipe Line Services, Tristate CMS Grand Elimina-tionTran. Liquids Co. Consol. Inc. Pipeline Lacs LLC Company Company Consol. LLC Consol. Plant and Property (At Cost) Natural gas transmission $ 45 $1,675 $390 $ - $ 32 $ - $2,272 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 45 1,675 390 - 32 - 2,272 Less accumulated depreciation, depletion and amortization 42 142 48 - 9 - 273 ------ ------ ------ ------ ------ ------ ------ 3 1,533 342 - 23 - 1,999 Construction work-in- progress - 24 10 - - - 34 ------ ------ ------ ------ ------ ------ ------ 3 1,557 352 - 23 - 2,033 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies - - - - - (2,017) - Other 5 66 7 - - - 553 ------ ------ ------ ------ ------ ------ ------ 5 66 7 - - (2,017) 553 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - - - - - 8 Accounts/notes receivable 4 201 103 - 2 (2) 418 Gas in underground storage - - - - - - 2 Materials and supplies 1 55 7 - - - 66 Prepayments and other - 56 1 - - - 58 ------ ------ ------ ------ ------ ------ ------ 5 312 111 - 2 (2) 552 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net 5 700 - - - - 745 Notes receivable - - - - - - 19 Notes receivable - related parties - 337 - - - - 338 Other - 38 2 - - - 73 ------ ------ ------ ------ ------ ------ ------ 5 1,075 2 - - - 1,175 ------ ------ ------ ------ ------ ------ ------ Total Assets $ 18 $3,010 $472 $ - $ 25 $(2,019) $4,313 ====== ====== ====== ====== ====== ====== ====== (9) Represents CMS Gas Transmission Company consolidated with CMS Field Services, Inc. and Panhandle Eastern Pipe Line Company included on the equity method of accounting.
CMS GAS TRANSMISSION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2001 (In Millions) CMS Gas CMS Western Transmission CMS Bay Saginaw Australia CMS Company CMS Area Bay Gas CMS Gas Jackson (9) Antrim Pipeline Lateral Trans. Argentina Pipeline LLC LLC Company Co. I Company Company Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $236 $ 4 $ - Other paid-in-capital 2,283 - 23 3 - 164 2 Currency translation (35) - - - (35) - - Revaluation capital (2) (1) - - (1) - - Retained earnings (77) 3 (2) (3) 22 53 - ------ ------ ------ ------ ------ ------ ------ 2,169 2 21 - 222 221 2 Long-term debt - 21 - - - - 3 Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 2,169 23 21 - 222 221 5 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - - - 60 - 1 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - 6 - - - - - Current capital leases - - - - - - - Notes payable - - - - 54 - - Accounts payable 4 - - - 1 - - Accounts payable - related parties 1 - - - - - - Accrued interest - - - - 2 - - Accrued taxes (23) 1 - - - - 1 Deferred income taxes - - - - - - - Other 18 - - - 1 - - ------ ------ ------ ------ ------ ------ ------ - 7 - - 58 - 1 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits 3 - - - - - - Deferred income taxes (1) 8 2 1 3 - 1 Other - 1 - - - - 1 ------ ------ ------ ------ ------ ------ ------ 2 9 2 1 3 - 2 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $2,171 $39 $ 23 $ 1 $343 $221 $ 9 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GAS TRANSMISSION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2001 (In Millions) Panhandle CMS Eastern CMS Field Inter-companyCMS Gas Marysville Pipe Line Services, Tristate CMS Grand Eliminations Trans. Gas Liquids Co. Consol. Inc. Pipeline Lacs LLC Company Company Consol. LLC Consol. Capitalization Common Stockholders' Equity Common stock $ - $ 1 $ - $ - $ - $(241) $ - Other paid-in-capital 33 1,286 179 6 30 (1,726) 2,283 Currency translation - - - - - 35 (35) Revaluation capital - - - - - 2 (2) Retained earnings (12) (5) 44 (6) (7) (87) (77) ------ ------ ------ ------ ------ ------ ------ 21 1,282 223 - 23 (2,017) 2,169 Long-term debt - 1,082 25 - - - 1,131 Non-current capital leases - - 1 - - - 1 ------ ------ ------ ------ ------ ------ ------ 21 2,364 249 - 23 (2,017) 3,301 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - 41 - - - 102 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - 6 Current capital leases - - 1 - - - 1 Notes payable - - 55 - - - 109 Accounts payable - 15 74 - - - 94 Accounts payable - related parties - 10 3 - - (5) 9 Accrued interest - 23 - - - 3 28 Accrued taxes - 8 (5) - 1 4 (13) Deferred income taxes - - - - - - - Other 1 139 19 - - - 178 ------ ------ ------ ------ ------ ------ ------ 1 195 147 - 1 2 412 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - 3 Deferred income taxes (4) 185 34 - 1 (4) 226 Other - 266 1 - - - 269 ------ ------ ------ ------ ------ ------ ------ (4) 451 35 - 1 (4) 498 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 18 $3,010 $472 $ - $ 25 $(2,019) $4,313 ====== ====== ====== ====== ====== ====== ====== (9) Represents CMS Gas Transmission Company consolidated with CMS Field Services, Inc. and Panhandle Eastern Pipe Line Company included on the equity method of accounting.
PANHANDLE EASTERN PIPE LINE COMPANY Consolidating Balance Sheet - Assets December 31, 2001 (In Millions) CMS Trunkline Panhandle Field Inter-companPanhandle Eastern Pipe Trunkline Svcs. & Pan Gas Elimina-tionEastern Line Co. Gas Company LNG Company Storage Pipe Line Consol (10) Company Co. Cons. Plant and Property (At Cost) Natural gas transmission $753 $731 $ - $191 $ - $1,675 Other - - - - - - ------ ------ ------ ------ ------ ------ 753 731 - 191 - 1,675 Less accumulated depreciation, depletion and amortization 54 80 - 8 - 142 ------ ------ ------ ------ ------ ------ 699 651 - 183 - 1,533 Construction work-in-progress 15 6 - 3 - 24 ------ ------ ------ ------ ------ ------ 714 657 - 186 - 1,557 ------ ------ ------ ------ ------ ------ Investments Associated companies 906 - - - (906) - Other - 64 2 - - 66 ------ ------ ------ ------ ------ ------ 906 64 2 - (906) 66 ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - - - - - Accounts/notes receivable 48 179 6 4 (36) 201 Gas in underground storage - - - - - - Materials and supplies 31 24 - - - 55 Prepayments and other 29 27 - - - 56 ------ ------ ------ ------ ------ ------ 108 230 6 4 (36) 312 ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net 605 - - 95 - 700 Notes receivable - related parties 437 - - - (100) 337 Other 3 - - 35 - 38 ------ ------ ------ ------ ------ ------ 1,045 - - 130 (100) 1,075 ------ ------ ------ ------ ------ ------ Total Assets $2,773 $951 $ 8 $320 ($1,042) $3,010 ====== ====== ====== ====== ====== ====== (10) Represents Panhandle Eastern Pipe Line Company, Sea Robin Pipeline Company, CMS Panhandle Eastern Resources, Inc., CMS Panhandle Storage Company, Guardian Pipeline LLC and CMS Trunkline Pipeline Holdings, Inc. consolidated.
PANHANDLE EASTERN PIPE LINE COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2001 (In Millions) CMS Panhandle Trunkline Inter-companPanhandle Eastern Pipe Trunkline Field Svcs Pan Gas Elimina-tionEastern Line Co. Gas Company & LNG Storage Pipe Line Consol. (10) Company Company Co Consol. Capitalization Common Stockholders' Equity Common stock $ 1 $ - $ - $ - $ - $ 1 Other paid-in-capital 1,286 610 8 295 (913) 1,286 Revaluation capital - - - - - - Retained earnings (7) 2 - (7) 7 (5) ------ ------ ------ ------ ------ ------ 1,280 612 8 288 (906) 1,282 Long-term debt 1,082 100 - - (100) 1,082 Non-current capital leases - - - - - - ------ ------ ------ ------ ------ ------ 2,362 712 8 288 (1,006) 2,364 ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - Current capital leases - - - - - - Notes payable - 100 - - (100) - Accounts payable 4 4 - 1 6 15 Accounts payable - related parties 10 - - - - 10 Accrued interest 23 - - - - 23 Accrued taxes (31) (20) - 1 58 8 Other 100 38 - 1 - 139 ------ ------ ------ ------ ------ ------ 106 122 - 3 (36) 195 ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - Deferred income taxes 93 63 - 29 - 185 Other 212 54 - - - 266 ------ ------ ------ ------ ------ ------ 305 117 - 29 - 451 ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $2,773 $951 $ 8 $320 ($1,042) $3,010 ====== ====== ====== ====== ====== ====== (10) Represents Panhandle Eastern Pipe Line Company, Sea Robin Pipeline Company, CMS Panhandle Eastern Resources, Inc., CMS Panhandle Storage Company, Guardian Pipeline LLC and CMS Trunkline Pipeline Holdings, Inc. consolidated.
CMS FIELD SERVICES, INC. Consolidating Balance Sheet - Assets December 31, 2001 (In Millions) CMS CMS CMS/Okla Taurus Bighorn Laverne CMS Nat. CMS Field Nat. Gas Holdings Gas CMS Gas Gas Gas Services, Gathering Company, Gathering Processing Proc. LLC Gathering Inc (11) LLC Inc. LLC LLC LLC Plant and Property (At Cost) Natural gas transmission $ 8 $ 3 $ 54 $ 82 $ 63 $ 1 $ 74 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 8 3 54 82 63 1 74 Less accumulated depreciation, depletion and amortization 2 - 8 3 9 - 12 ------ ------ ------ ------ ------ ------ ------ 6 3 46 79 54 1 62 Construction work-in-progress - - - 5 2 - - ------ ------ ------ ------ ------ ------ ------ 6 3 46 84 56 1 62 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 292 - - - - - - Other 4 - - - - - - ------ ------ ------ ------ ------ ------ ------ 296 - - - - - - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 1 - (1) 1 - - - Accounts/notes receivable 56 1 8 3 6 1 9 Gas in underground storage - - - - - - - Materials and supplies 7 - - - - - - Prepayments and other 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ 65 1 7 4 6 1 9 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - - - - Notes receivable - - - - - - - Other 2 - - - - - - ------ ------ ------ ------ ------ ------ ------ 2 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $369 $ 4 $ 53 $ 88 $ 62 $ 2 $ 71 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS FIELD SERVICES, INC. Consolidating Balance Sheet - Assets December 31, 2001 (In Millions) (Continued from Previous Page) CMS Cherokee CMS CMS Inter-companCMS Field Gas Bradshaw Pipeline Hydro-carboElimina-tionServices, Processing Energy LLC CMS Gulf Company LLC LLC Inc. Cons. LLC Coast LLC Plant and Property (At Cost) Natural gas transmission $ 49 $ 12 $ 37 $ 3 $ 4 $ - $390 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 49 12 37 3 4 - 390 Less accumulated depreciation, depletion and amortization 9 2 3 - - - 48 ------ ------ ------ ------ ------ ------ ------ 40 10 34 3 4 - 342 Construction work-in-progress 1 - - 2 - - 10 ------ ------ ------ ------ ------ ------ ------ 41 10 34 5 4 - 352 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies - - - - - (292) - Other - - 3 - - - 7 ------ ------ ------ ------ ------ ------ ------ - - 3 - - (292) 7 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments (1) - - - - - - Accounts/notes receivable 12 1 6 - - - 103 Gas in underground storage - - - - - - - Materials and supplies - - - - - - 7 Prepayments and other - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ 11 1 6 - - - 111 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - - - - Notes recievable - - - - - - - Other - - - - - - 2 ------ ------ ------ ------ ------ ------ ------ - - - - - - 2 ------ ------ ------ ------ ------ ------ ------ Total Assets $ 52 $ 11 $ 43 $ 5 $ 4 $ (292) $472 ====== ====== ====== ====== ====== ====== ====== (11) Represents CMS Field Services, Inc. consolidated.
CMS FIELD SERVICES, INC. Consolidating Balance Sheet - Equity and Liabilities December 31, 2001 (In Millions) CMS Field CMS Services CMS/Okla. Bighorn Laverne CMS Nat. Inc. (11) Nat. Gas CMS/Taurus Gas CMS Gas Gas Gas Gathering Holdings Gathering Process-ing Proc. LLC Gather-ing LLC Company, Inc. LLC LLC LLC Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 179 2 45 85 51 1 72 Revaluation capital - - - - - - - Retained earnings 15 1 7 2 (6) 1 (5) ------ ------ ------ ------ ------ ------ ------ 194 3 52 87 45 2 67 Long-term debt 25 - - - - - - Non-current capital leases 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ 220 3 52 87 45 2 67 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - - - - - - ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases 1 - - - - - - Notes payable 46 - - - 7 - - Accounts payable 50 1 1 1 10 - 4 Accounts payable - related parties 3 - - - - - - Accrued interest - - - - - - - Accrued taxes (5) - - - - - - Other 19 - - - - - - ------ ------ ------ ------ ------ ------ ------ 114 1 1 1 17 - 4 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes 34 - - - - - - Other 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ 35 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $369 $ 4 $ 53 $ 88 $ 62 $ 2 $ 71 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS FIELD SERVICES, INC. Consolidating Balance Sheet - Equity and Liabilities December 31, 2001 (In Millions) (Continued from Previous Page) CMS Cherokee CMS CMS Inter-compaCMS Field Gas Bradshaw CMS Gulf Pipeline Hydro-carboElimina-tioServices,Inc. Processing Energy LLC Coast LLC Company LLC Consol. LLC LLC Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 30 8 33 2 5 (334) 179 Revaluation capital - - - - - - - Retained earnings 20 2 7 1 (1) - 44 ------ ------ ------ ------ ------ ------ ------ 50 10 40 3 4 (334) 223 Long-term debt - - - - - - 25 Non-current capital leases - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ 50 10 40 3 4 (334) 249 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - - - - 41 41 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - 1 Notes payable - - - 2 - - 55 Accounts payable 2 1 3 - - 1 74 Accounts payable - related parties - - - - - - 3 Accrued interest - - - - - - - Accrued taxes - - - - - - (5) Other - - - - - - 19 ------ ------ ------ ------ ------ ------ ------ 2 1 3 2 - 1 147 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - - - - - - 34 Other - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ - - - - - - 35 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 52 $ 11 $ 43 $ 5 $ 4 $ (292) $472 ====== ====== ====== ====== ====== ====== ====== (11) Represents CMS Field Services, Inc. and CMS Roaring Creek Gas Services LLC consolidated.
CMS OPERATING S.A Consolidating Balance Sheet - Assets December 31, 2001 (In Millions) Centrales Inter-company CMS Termicas CMS Elimina-tionCMS Operating Mendoza S.A. Ensenada Operating S.A. (12) S.A. S.A. Consol. Plant and Property (At Cost) Independent power production $ 3 $222 $ 94 $ - $319 Less accumulated depreciation, depletion and amortization - 47 20 - 67 ------ ------ ------ ------ ------ 3 175 74 - 252 Construction work-in-progress - 1 - - 1 ------ ------ ------ ------ ------ 3 176 74 - 253 ------ ------ ------ ------ ------ Investments Associated companies 261 - - (261) - Other 8 - - - 8 ------ ------ ------ ------ ------ 269 - - (261) 8 ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 9 9 15 - 33 Accounts/notes receivable (4) 53 11 - 60 Materials and supplies - 9 - - 9 Prepayments and other - - - - - ------ ------ ------ ------ ------ 5 71 26 - 102 ------ ------ ------ ------ ------ Non-current Assets Notes receivable - - 3 - 3 Notes receivable - related parties 21 - - - 21 Other 24 5 - - 29 ------ ------ ------ ------ ------ 45 5 3 - 53 ------ ------ ------ ------ ------ Total Assets $322 $252 $103 $(261) $416 ====== ====== ====== ====== ====== (12) Represents CMS Operating S.A. and Cuyana S.A. de Inversiones consolidated.
CMS OPERATING S.A Consolidating Balance Sheet - Equity and Liabilities December 31, 2001 (In Millions) Inter-company CMS CMS Centrales CMS Elimina-tions Operating Operating Termicas Ensenada S.A. Consol. S.A. (12) Mendoza S.A. S.A. Capitalization Common Stockholders' Equity Common stock $ 36 $ 36 $ - $ (36) $ 36 Other paid-in-capital 272 167 39 (206) 272 Revaluation capital - - - - - Retained earnings 11 18 3 (21) 11 ------ ------ ------ ------ ------ 319 221 42 (263) 319 Long-term debt - - 46 - 46 Non-current capital leases - - - - - ------ ------ ------ ------ ------ 319 221 88 (263) 365 ------ ------ ------ ------ ------ Minority Interests - 10 - - 10 ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - 7 - 7 Current capital leases - - - - - Notes payable - - - - - Accounts payable 3 6 5 2 16 Accounts payable - related parties - - - - - Accrued interest - - - - - Accrued taxes - 7 - - 7 Other 1 2 - - 3 ------ ------ ------ ------ ------ 4 15 12 2 33 ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - Deferred income taxes (1) 6 3 - 8 Power loss contract reserves - - - - - Other - - - - - ------ ------ ------ ------ ------ (1) 6 3 - 8 ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $322 $252 $103 $(261) $416 ====== ====== ====== ====== ====== (12) Represents CMS Operating S.A. and Cuyana S.A. de Inversiones consolidated.
CMS ENERGY CORPORATION Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) Consumers CMS Inter-company Energy Enterprises Elimina-tionCMS Energy CMS Energy Company Company Corporation Corp. (1) Consol. Consol. Consol. Balance at January 1, 2001 $ (320) $506 $ (485) $ (21) $ (320) Consolidated Net Income (Loss) (483) 100 (349) 285 (447) Less Dividends Paid Common Stock 190 - - - 190 Preferred Stock - 2 2 (2) 2 Preferred Securities Distributions 55 41 - - 96 Associated Companies 7 190 419 (616) - ------ ------ ------ ------ ------ 252 233 421 (618) 288 ------ ------ ------ ------ ------ Balance at December 31, 2001 $ (1,055) $373 $ (1,255) $882 $ (1,055) ====== ====== ====== ====== ====== (1) Represents CMS Energy Corporation with CMS Energy Trust I, CMS Energy Trust II, CMS Energy Trust III, Consumers Energy Company and CMS Enterprises Company included on the equity method of accounting.
CONSUMERS ENERGY COMPANY Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) Michigan Consumers Electric Inter-company Consumers Energy Transmission Michigan CMS Midland CMS Eliminations Power Company (2) Company Gas Storage Holdings Midland Company Company Company Inc. Consol. Balance at January 1, 2001 $506 $ - $ 36 $ 24 $ 122 $ (182) $506 Net Income (Loss) 100 22 4 11 15 (52) 100 Less Dividends Paid Common Stock - - - - - - - Preferred Stock 2 - - - - - 2 Preferred Securities Dist. 41 - - - - - 41 Associated Companies 191 - - - - (1) 190 ------ ------ ------ ------ ------ ------ ------ 234 - - - - (1) 233 ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2001 $372 $ 22 $ 40 $ 35 $137 $ (233) $373 ====== ====== ====== ====== ====== ====== ====== (2) Represents Consumers Energy Company, Consumers Power Company Financing I, Consumers Energy Company Financing II, Consumers Energy Company Financing III, Consumers Energy Company Financing IV, Consumers Funding LLC, Consumers Nuclear Services, Consumers Parnell Holdings LLC, CMS Engineering Company, Consumers EnergyGuard Services, Inc., Huron Hydrocarbons, Inc. and ES Services Company consolidated with Michigan Gas Storage Company, Michigan Electric Transmission Company, CMS Midland Holdings Company and CMS Midland, Inc. included on the equity method of accounting.
CMS ENTERPRISES COMPANY Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) CMS Enterprises CMS Oil & CMS CMS CMS Gas Company Gas Co. Generation CMS Electric CMS MS&T Tran. (3) Consol. Company Resource & Gas Company Company Consol. Dev. Co. Company Consol. Balance at January 1, 2001 $ (488) $ 140 $(295) $ 3 $(32) $ 14 $(41) Net Income (Loss) (349) (52) (223) - (138) 43 35 Less Dividends Paid Common Stock - - - - - - - Preferred Stock 2 - - - - - - Associated Companies 419 - 155 - 137 51 71 ------ ------ ------ ------ ------ ------ ------ 421 - 155 - 137 51 71 ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2001 $(1,258) $ 88 $ (673) $ 3 $(307) $ 6 $(77) ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS ENTERPRISES COMPANY Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) (Continued from Previous Page) CMS CMS Micro-Power Inter-companCMS Operating Systems & Elimina-tionEnterprises CMS Land S.A. Co. CMS Capital Dist. Power Company Company Consol. LLC LLC Consol. Balance at January 1, 2001 $ (1) $ 12 $ 15 $ 2 $ 186 $ (485) Net Income (Loss) (1) (1) 6 (6) 337 (349) Less Dividends Paid Common Stock - - - - - - Preferred Stock - - - - - 2 Associated Companies - - 5 - (419) 419 ------ ------ ------ ------ ------ ------ - - 5 - (419) 421 ------ ------ ------ ------ ------ ------ Balance at December 31, 2001 $ (2) $ 11 $ 16 $ (4) $942 $ (1,255) ====== ====== ====== ====== ====== ====== (3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc., CMS Comercializadora de Energia S.A., CMS Energy South America Company and CMS Energy UK Limited consolidated with CMS Oil and Gas Company, CMS Generation Company, CMS Land Company, CMS Distributed Power LLC, CMS MicroPower Systems LLC, CMS Operating S.A. Company, CMS Capital LLC, CMS Marketing, Services and Trading Company, CMS Gas Transmission Company, CMS Resource Development Company and CMS Electric and Gas Company included on the equity method of accounting.
CMS OIL AND GAS COMPANY Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) CMS Oil CMS Oil CMS Oil CMS Oil & and Gas & Gas & Gas Gas CMS Oil & CMS Oil & CMS Oil & Company Congo Int'l Venezuela Gas E.G. Gas E.G. Gas Alba (4) Ltd. Ltd. LDC LDC Ltd. LDC Balance at January 1, 2001 $144 $ 5 $ 12 $ 12 $ 3 $ 32 $ 5 Net Income (Loss) (52) 2 3 4 2 30 2 Less Dividends Paid Common Stock - - - - - - - Associated Companies - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2001 $ 92 $ 7 $ 15 $ 16 $ 5 $ 62 $ 7 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS OIL AND GAS COMPANY Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) (Continued from Previous Page) Explota-cionCMS Oil CMS Oil & & Gas Inter-companyCMS Oil Gas Co. Interna. Eliminations & Gas Co. Company Consol. Consol. Balance at January 1, 2001 $(28) $ 32 $(77) $140 Net Income (Loss) (7) (4) (32) (52) Less Dividends Paid Common Stock - - - - Associated Companies - - - - ------ ------ ------ ------ - - - - ------ ------ ------ ------ Balance at December 31, 2001 $(35) $ 28 $(109) $ 88 ====== ====== ====== ====== (4) Represents CMS Oil and Gas Company consolidated with CMS Oil and Gas International Company included on the equity method of accounting.
CMS OIL AND GAS INTERNATIONAL COMPANY Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) CMS Oil CMS Oil CMS Oil & CMS Oil & Inter-company & Gas & Gas CMS NOMECO Gas Int'l Gas Elimination Int'l Int'l Int'l Congo Tunisia, Cameroon, Co. Co. (5) Hld., Inc. Inc. Inc. Consol. Balance at January 1, 2001 $ 26 $ 22 $ 12 $ (1) $(27) $ 32 Net Income (Loss) (4) 9 6 (1) (14) (4) Less Dividends Paid Common Stock - - - - - - Associated Companies - - - - - - ------ ------ ------ ------ ------ ------ - - - - - - ------ ------ ------ ------ ------ ------ Balance at December 31, 2001 $ 22 $ 31 $ 18 $ (2) $ (41) $ 28 ====== ====== ====== ====== ====== ====== (5) Represents CMS Oil and Gas International Company, CMS Oil and Gas Eritrea Ltd., CMS Oil and Gas Cote D'Ivoire Ltd. and CMS Oil and Gas International Transportation Company consolidated.
CMS GENERATION COMPANY Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) CMSG CMSG CMSG Dearborn CMS Honey Filer CMSG Grayling CMSG Generation Generation Lake City, Grayling Holdings Operating Operating Co. (6) Company Inc. Company Company Company LLC Balance at January 1, 2001 $(295) $ 11 $ 8 $ (4) $ (5) $ 2 $ 1 Net Income (Loss) (228) (18) 2 - 1 2 3 Less Dividends Paid Common Stock - - - - - - - Associated Companies 155 2 - - 1 5 2 ------ ------ ------ ------ ------ ------ ------ 155 2 - - 1 5 2 ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2001 $ (678) $ (9) $ 10 $ (4) $ (5) $ (1) $ 2 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) (Continued from Previous Page) Dearborn CMSG CMSG HYDRA-CO Indust. CMS CMSG CMS Int'l Inv. Co. Michigan Enterprises, Generation Generation Recycling Operating I Consol. Power LLC Inc. LLC S.A. Company Company Balance at January 1, 2001 $ 6 $ (7) $ (2) $ 7 $ (168) $ 1 $ (152) Net Income (Loss) (242) (24) - 3 (6) 8 2 Less Dividends Paid Common Stock - - - - - - - Associated Companies - - - - - 12 4 ------ ------ ------ ------ ------ ------ ------ - - - - - 12 4 ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2001 $(236) $ (31) $ (2) $ 10 $ (174) $ (3) $ (154) ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) (Continued from Previous Page) Inter-company CMS Exeter CMSG CMS Oxford CMS Eliminations Generation Energy Holdings CMSG Altoona Generation Develop-ment Company LP Company Company Inv. Co. III L.P. Consol. Balance at January 1, 2001 $26 $ (12) $ 7 $ 2 $(31) $ 310 $(295) Net Income (Loss) 5 - - 6 17 246 (223) Less Dividends Paid Common Stock - - - - - - - Associated Companies - - - - 15 (41) 155 ------ ------ ------ ------ ------ ------ ------ - - - - 15 (41) 155 ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2001 $31 $(12) $ 7 $ 8 $(29) $597 $ (673) ====== ====== ====== ====== ====== ====== ====== (6) Represents CMS Generation Company, CMSG Filer City Operating Company, CMSG Mon Valley Company, CMSG Genesee Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, Mid-Michigan Recycling LLC, CMSG Montreal Company, CMS Centrales Termicas S.A. and Taweelah A2 Operating Company consolidated with CMSG Investment Company I included on the equity method of accounting.
CMS GENERATION INVESTMENT COMPANY I Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) CMSG CMSG Loy CMSG Loy Inv. CO. CMSG CMSG Yang Yang CMSG CMSG I (8) Pinamu-can Cebu LDC Holdings Holdings Invest. Jegurupadu LDC 1 Ltd. 2 Ltd. Co. IV I/II LDC Balance at January 1, 2001 $ (168) $ (5) $ 5 $(215) $(219) $144 $ - Net Income (Loss) (6) 2 1 - - 64 1 Less Dividends Paid Common Stock - - - - - - - Associated Companies - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2001 $ (174) $ (3) $ 6 $ (215) $ (219) $208 $ 1 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION INVESTMENT COMPANY I Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) (Continued from Previous Page) CMS Inter-compaCMSG CMSG Invest. Elimina-tioInvestment Taweelah Co. VI Monetize Co. I Ltd. (Takoradi) Limited Consol. Balance at January 1, 2001 $ 1 $ 10 $ 9 $270 $ (168) Net Income (Loss) 4 20 4 (96) (6) Less Dividends Paid Common Stock - - - - - Associated Companies - - - - - ------ ------ ------ ------ ------ - - - - - ------ ------ ------ ------ ------ Balance at December 31, 2001 $ 5 $ 30 $ 13 $174 $ (174) ====== ====== ====== ====== ====== (8) Represents CMSG Investment Company I and CMSG Investment Company II consolidated.
. CMS GAS TRANSMISSION COMPANY Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) CMS Bay CMS CMS CMS Gas CMS Area CMS Gas Saginaw Jackson Tristate Transmission Antrim Pipeline Argentina Bay Lat. Pipeline Pipeline Company (9) Company LLC Company Company Company LLC Balance at January 1, 2001 $(40) $ - $ (1) $ 42 $ (3) $ - $ - Net Income (Loss) 34 3 1 11 - 1 (6) Less Dividends Paid Common Stock - - - - - - - Associated Companies 71 - 2 - - 1 - ------ ------ ------ ------ ------ ------ ------ 71 - 2 - - 1 - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2001 $(77) $ 3 $ (2) $ 53 $ (3) $ - $ (6) ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GAS TRANSMISSION COMPANY Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) (Continued from Previous Page) CMS Field Western Panhandle CMS Services Australia Eastern CMS Gas Marysville Inc. Gas Trans. Pipe Line Inter-companyTrans. Gas Liquids Consol. Co. I Co. Consol. CMS Grand Eliminations Company Company Lacs LLC Consol. Balance at January 1, 2001 $ (2) $ 36 $ 19 $ (6) $ (5) $(81) $(41) Net Income (Loss) (6) 8 3 62 1 (77) 35 Less Dividends Paid Common Stock - - - - - - - Associated Companies 4 - - 61 3 (71) 71 ------ ------ ------ ------ ------ ------ ------ 4 - - 61 3 (71) 71 ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2001 $ (12) $ 44 $ 22 $ (5) $ (7) $(87) $(77) ====== ====== ====== ====== ====== ====== ====== (9) Represents CMS Gas Transmission Company consolidated with CMS Field Services, Inc. and Panhandle Eastern Pipe Line Company included on the equity method of accounting.
PANHANDLE EASTERN PIPE LINE COMPANY Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) Panhandle Trunkline CMS Trunkline Pan Gas Inter-companPanhandle Eastern Pipe Gas Company Field Svcs. Storage Elimina-tionEastern Line Co. LNG Company Company Pipe Line Consol. (10) Co. Cons. Balance at January 1, 2001 $ (8) $(12) $ (32) $ (25) $71 $ (6) Net Income (Loss) 62 14 35 18 (67) 62 Less Dividends Paid Common Stock - - - - - - Associated Companies 61 - 3 - (3) 61 ------ ------ ------ ------ ------ ------ 61 - 3 - (3) 61 ------ ------ ------ ------ ------ ------ Balance at December 31, 2001 $ (7) $ 2 $ - $ (7) $ 7 $ (5) ====== ====== ====== ====== ====== ====== (10) Represents Panhandle Eastern Pipe Line Company, Sea Robin Pipeline Company, CMS Panhandle Eastern Resources, Inc., CMS Panhandle Storage Company, Guardian Pipeline LLC and CMS Trunkline Pipeline Holdings, Inc. consolidated.
CMS FIELD SERVICES,INC. Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) CMS CMS Laverne CMS Nat. Cherokee CMS/Taurus CMS Field CMS Gas Gas Proc. Gas Gas Holdings Services, Processing LLC Gathering Process-ing CMS Gulf Company, Inc. (11) LLC LLC LLC Coast LLC Inc. Balance at January 1, 2001 $ 16 $ (2) $ 1 $ (3) $ 17 $ - $ 5 Net Income (Loss) (2) (4) - (2) 3 7 2 Less Dividends Paid Common Stock - - - - - - - Associated Companies - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2001 $ 14 $ (6) $ 1 $ (5) $ 20 $ 7 $ 7 ====== ====== ====== ====== ====== ====== ====== (Continued on following Page)
CMS FIELD SERVICES,INC. Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) (Continued from Previous Page) CMS/Okla Inter-companCMS Field Nat. Gas Bighorn Gas Elimina-tionServices, Gathering CMS Pipeline Bradshaw Gathering Inc. LLC Company LLC Energy LLC LLC Consol. Balance at January 1, 2001 $ 1 $ - $ - $ - $ 1 $ 36 Net Income (Loss) - 1 2 2 (1) 8 Less Dividends Paid Common Stock - - - - - - Associated Companies - - - - - - ------ ------ ------ ------ ------ ------ - - - - - - ------ ------ ------ ------ ------ ------ Balance at December 31, 2001 $ 1 $ 1 $ 2 $ 2 $ - $ 44 ====== ====== ====== ====== ====== ====== (11) Represents CMS Field Services, Inc. and CMS Hydrocarbons, LLC consolidated.
CMS CENTRALES TERMICAS S.A. Consolidating Statement of Retained Earnings December 31, 2001 (In Millions) Centrales Inter-companyCMS CMS Termicas CMS Eliminations Operating Operating Mendoza S.A. Ensenada S.A. Consol. S.A. (12) S.A. Balance at January 1, 2001 $ 12 $ 18 $ - $ (18) $ 12 Net Income (Loss) (1) - 3 (3) (1) Less Dividends Paid Common Stock - - - - - Associated Companies - - - - - ------ ------ ------ ------ ------ - - - - - ------ ------ ------ ------ ------ Balance at December 31, 2001 $ 11 $ 18 $ 3 $(21) $ 11 ====== ====== ====== ====== ====== (12) Represents CMS Operating S.A. and Cuyana S.A. de Inversiones consolidated.
EXHIBIT B Organizational charts showing the relationship of each Exempt Wholesale Generators to associate companies in the holding company system. CMS CENTRALES TERMICAS MENDOZA, S.A. (EWG) CMS Energy Corporation * * * CMS Enterprises Company * * * 66% CMS International Ventures, L.L.C. * * * * Cuyana S.A. De Inversiones * 92.6 * CMS Centrales Termicas Mendoza, S.A.
CENTRALES TERMICAS SAN NICOLAS, S.A. (EWG) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * 0.1% CMS Generation San Nicolas Company * * * 0.1% Inversora de San Nicolas, S.A. * * * 88% Centrales Termicas San Nicolas, S.A.
CMS DISTRIBUTED POWER, L.L.C. (EWG) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Distributed Power, L.L.C.
CMS ENSENADA S.A. (EWG) CMS Energy Corporation * * * CMS Enterprises Company * * * 99% CMS Ensenada S.A.
CMS GENERATION CEBU LIMITED DURATION COMPANY (EWG) and CMS GENERATION CEBU OPERATING LIMITED DURATION COMPANY (EWG) CMS Energy Corporation * * * CMS Enterprises Company * * * **CMS Generation Co. * * * * * * CMS Generation CMS Generation Investment Co. I Investment Co. II * 99% *99% * 1% * 1% * * * * * * * * * * * * * * * * * CMS Generation Cebu Limited CMS Generation Cebu Duration Company * Operating Limited * * Duration Company * * * | * | Operator * 40% * 47.5% | Toledo Holdings Corp. Toledo Power Company *
CMS GENERATION MICHIGAN POWER LLC (EWG) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * CMS Generation Michigan Power LLC
CMS GENERATION OPERATING COMPANY (EWG) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * CMS Generation Operating Company
CMS MOROCCO OPERATING COMPANY SCA (EWG) and CMS INTERNATIONAL OPERATING COMPANY (EWG) CMS Energy Corporation * * CMS Enterprises Company * * CMS Generation Co. * * * * * * * * CMS International Operating Company CMS Generation Investment Company I * * * * * * * * * * * * * 50% 50% * * * * CMS Generation Jorf Lasfar III * * * Limited Duration Company * * * * * * * * * * * * * * * * * 99% * 1% * * Jorf Lasfar Operations * Handelesbolag * * * * * * * * * * 0.1% 99.7% * 0.1% * * 0.1% * * * * * * * * * * * * * CMS Morocco Operating Company SCA* * * * *
DEARBORN GENERATION OPERATING L.L.C. (EWG) and DEARBORN INDUSTRIAL GENERATION, L.L.C. (EWG) CMS Energy Corporation * * * CMS Enterprises Company * * * ******CMS Generation Co.****** * * * * * * Dearborn Generation Dearborn Industrial Operating L.L.C. Energy, L.L.C. * * Dearborn Industrial Generation, L.L.C.
EXETER ENERGY LIMITED PARTNERSHIP (EWG) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Company * * * * * * * * * Oxford/CMS Exeter * Development LP Management * 48% 2% 50% * * * * * * * * * Exeter Energy Limited Partnership
GMR VASAVI POWER CORPORATION PRIVATE LIMITED (EWG) CMS Energy Corporation * * * * CMS Enterprises Company * * * * CMS International Ventures, L.L.C. (66.67%) * * * * CMS Energy Mauritius Limited * 49%* * GMR Vasavi Power Corporation Private Limited
GVK INDUSTRIES LIMITED (EWG) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * CMS Generation Investment Company III * * * Jegurupadu CMS Generation Company Ltd. * 23.75% * GVK Industries Ltd.
HIDROELECTRICA EL CHOCON, S.A. (EWG) CMS Energy Corporation * * * CMS Enterprises Company * * * * CMS Generation Co. * * * * * * * * CMS Generation Holdings * * * 99.9% * 0.1% * * CMS Generation, S.A. * * * * * * 25% * Hidroinvest, S.A. * * * * * 2.48% * 59% Hidroelectrica El Chocon, S.A.
JAMAICA PRIVATE POWER COMPANY LIMITED (EWG) and PRIVATE POWER OPERATORS LIMITED (EWG) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * HYDRA-CO ENTERPRISES, INC. * * * * * * CMS Generation Operating Company II, Inc. HCE-Rockfort Diesel, Inc. * * * * 41.18% * * HCO-Jamaica, Inc. Jamaica Private Power * Company Limited * 50% * Private Power Operators Limited (Operator)
JEGURUPADU OPERATING AND MAINTENANCE COMPANY (EWG) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * CMS Generation Investment Co I \ / / / / \ CMS Investment Co IV \ / \ CMS Generation Investment Co. I CMS Generation Investment Co. II * 99% 99% * * 1% * 1% * * * * * * * * * * * * CMS Generation Jegurupadu I CMS Generation Jegurupadu II Limited Duration Company Limited Duration Company * * 50% * * 50% Jegurupadu O&M Company Mauritius * * 60% * Jegurupadu Operating and Maintenance Company
JORF LASFAR ENERGY COMPANY SCA (EWG) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * * * * * * * * * * * * * * * * * * * * * CMS International * * Operating Company----- * * | CMS Generation Investment Company I CMS Generation Investment Company II | * 99% * 99% * 1% * 1% | * * * * * * * | * * | * | * * * | CMS Generation Jorf Lasfar I Limited CMS Generation Jorf Lasfar II Limited Duration Company * * * Duration Company | * 50% * * | * * 50% * * * | * * * * *50% * * *50% * | * * * | * * * * 50% * 50% * * | * Jorf Lasfar Handelsbolag Jorf Lasfar I HB Jorf Lasfar Power Energy HB | *2% * 25% * 23% | * * * Operator | * * * | * * * * * * Jorf Lasfar Energy Company SCA----------------------------- |
NATIONAL POWER SUPPLY CO. LTD. (EWG) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * CMS Generation Investment Co. I * * * 66.24% National Power Supply Co. Ltd.
PANHANDLE LAKE CHARLES GENERATION, INC. (EWG) CMS Energy Corporation * * CMS Enterprises Company * * CMS Gas Transmission Company * * Panhandle Eastern Pipe Line Company * * CMS Panhandle Holding LLC * * PanEnergy Lake Charles Generation, Inc.
TAKORADI INTERNATIONAL COMPANY (EWG) CMS Energy Corporation * * * CMS Enterprises Company * * * *******CMS Generation Co.* * * ** * * * * * * CMS International CMS Generation Operating Company Investment Co. IV | * | * | * | CMS Takoradi Investment Company | * | Operator * | * | CMS Takoradi Investment | Company II | * | * 90% | * Takoradi International Company
Organizational charts showing the relationship of foreign utility company ("FUCO") to associate companies in the holding company system. CMS GENERATION HORIZON ENERGY HOLDINGS LIMITED (FUCO) and HORIZON ENERGY HOLDINGS LIMITED (FUCO) CMS Energy Corporation * * CMS Enterprises Company * * CMS Generation Co. * * CMS Generation Investment Co. I * * * * * * CMS Generation Loy Yang CMS Generation Loy Yang Holdings 1 Ltd. Holdings 2 Ltd. * * * * * * Horizon Energy Holdings Ltd. CMS Generation Horizon * * * Energy Holdings Ltd. * * * * * * * * * 24.63% * 25% * * * * Loy Yang Power Partners (1) * * * * * * * * 24.63% * 25% * * *** Loy Yang Power Projects Pty. Ltd.*** * * * * 24.63% * 25% *********Loy Yang Power Management Pty. Ltd. **************
CMS OPERATING S.A. (FUCO) CMS ENERGY CORPORATION * * * CMS ENTERPRISES COMPANY * * * * * * * * CMS Generation Co. 66.67%. * 33.33% * * * * * * CMS International Ventures, LLC * * * CMS Operating S.A.
COMPANHIA PAULISTA DE ENERGIA ELECTRICA S.A. (CPEE) (FUCO) and COMPANHIA SUL PAULISTA DE ENERGIA S.A. (CPEE) (FUCO) and COPMANHIA JAGUARI DE ENERGIA S.A. (Jaguari) (FUCO) and COMPANHIA LUZ E FORCA DE MOCOCA S.A. (Mococa) (FUCO) CMS Energy Corporation * * CMS Enterprises Company * * CMS Electric and Gas Company * * 99.99% * * CMS Distribuidora, Ltda. * * 99.99% CMS Participacoes Ltda. * * 93.86% CPEE * * 88.63% CSPE * * Jaguari * * ***Mococa***
EMIRATES CMS POWER COMPANY (FUCO) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Investment Company I * * * CMS Generation Investment Company VII * * * CMS Generation Taweelah Limited * * * 40% Emirates CMS Power Company
LOY YANG POWER PARTNERS (FUCO) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Company * * * * * * CMS Generation CMS Generation Investment Loy Yang Holding 2 Company I Ltd. * * * * Horizon Energy * Holdings Ltd * * * * * Loy Yang Power Partners Loy Yang Power Partners 24.63% 25%
SISTEMA ELECTRICO NUEVA ESPARTA C.A. (FUCO) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Electric and Gas Company * * * * * CMS Venezuela * * * * * ENELMAR, S.A 52.37% * * * 33.34% * * * SENECA------------------------|
TAWEELAH A2 OPERATING COMPANY (FUCO) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Company * * * Taweelah A2 Operating Company
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