-----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, JnEc4av5/V8gYSywLiUg+qDHGYYzESyTHe1vsd0BoaY6yJn8D5mtoG4Py2hQVld9 ujXLLTN84WgLBNrs+6J0NQ== 0000811156-99-000026.txt : 19990302 0000811156-99-000026.hdr.sgml : 19990302 ACCESSION NUMBER: 0000811156-99-000026 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990301 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: SEC FILE NUMBER: 069-00333 FILM NUMBER: 99553441 BUSINESS ADDRESS: STREET 1: FAIRLANE PLZ SOUTH STE 1100 STREET 2: 330 TOWN CENTER DR CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 3134369200 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 CMS ENERGY'S EXEMPTION ON FORM U-3A-2 FOR Y/E 1998 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 ON OR BEFORE 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: March 1, 1999 1. Name, state of organization, location and nature of business of claimant and every subsidiary thereof, other than any exempt wholesale generator (EWG) or foreign utility company in which claimant directly or indirectly holds an interest. ______________________________________________________ (a) CMS Energy Corporation ("CMS Energy") was duly incorporated under the laws of the State of Michigan in 1987. CMS Energy is a $5.1 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 the transportation, storage and marketing of natural gas. CMS Energy has two direct subsidiaries. The name, state of organization and nature of business of CMS Energy's direct subsidiaries are described below. CMS ENTERPRISES COMPANY A Michigan corporation which owns subsidiaries engaged in the development, acquisition and management of energy-related businesses and projects worldwide. CONSUMERS ENERGY COMPANY A Michigan corporation engaged in the generation, purchase, transmission, distribution and sale of electricity, and in the purchase, storage, transmission, distribution and sale of natural gas, in the Lower Peninsula of the State of Michigan. (b) CMS Enterprises Company has 13 direct subsidiaries. The name, state of organization and nature of business of each subsidiary and their subsidiaries are described below: CMS CAPITAL CORP. A Michigan corporation formed to assist in securing financing for CMS Energy Corporation and its subsidiaries and affiliates. CMS Capital Corp. has one subsidiary: CMS CAPITAL FINANCIAL SERVICES, INC. A Michigan corporation formed for the purpose of making loans to parties in connection with the purchase of goods or services marketed by affiliates of CMS Capital Financial Services, Inc. CMS COMERCIALIZADORA DE ENERGIA S.A.(99%) An Argentine company engaged in gas and electric marketing operations in Argentina. CMS ELECTRIC AND GAS COMPANY A Michigan corporation involved in purchasing, investing and/or operating international gas and electric distribution systems worldwide. CMS Electric and Gas Company has 6 subsidiaries: CMS BRAZIL ENERGIA LTDA. A Brazilian company involved in investing in gas and electric distribution systems in Brazil. - GIPAR, S.A.(49.9%) CMS DISTRIBUIDORA LTDA. An Brazilian corporation which has ownership interest in Companhia Force e Luz Cataguazes - Leopoldina and Coelba Companhia de Electridade de Bahia. CMS ENTRE RIOS DISTRIBUTION COMPANY A Michigan corporation involved in investing in gas and electric distribution systems in Argentina. CMS NETHERLANDS FUNDING COMPANY A Michigan corporation formed as a holding company for CMS Enterprises' interests in the Netherlands. - Notera Holding B.V. - CMS Netherlands Energy Partnership - Duryal Enerji Dagitim Ltd. CMS VENEZUELA, S.A. A Venezuelan company formed for the purpose of holding interests in ENELMAR, S.A. - ENELMAR, S.A. (90%) COMPANIA DE INVERSIONES EN ENERGIA ELECTRICA S.A. (CIEESA) An Argentine corporation formed as a holding company for investments in electric distribution systems in Argentina. - CMS Distribuidora, S.A. (99%) - Distribuidora de Electricidad S.A. (99%) - Inversora en Distribucion de Entre Rios S.A. (53.3%) - Sociedad Inversora en Distribucion de Electricidad S.A. (60%) CMS ENERGY ASIA PRIVATE LIMITED 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. CMS ENERGY UK LIMITED An United Kingdom limited liability company involved in the development of energy-related businesses and projects in Europe, Africa and the Middle East. CMS GAS TRANSMISSION AND STORAGE COMPANY A Michigan corporation organized to engage in the transmission, storage and processing of natural gas. CMS Gas Transmission and Storage Company has 19 direct subsidiaries: AMPCO MARKETING, LLC (50%) A Michigan limited liability company engaged in marketing methanol produced by Atlantic Methanol Production Company LLC in the United States. AMPCO SERVICES, LLC (50%) A Michigan limited liability company providing administrative, employment and technical services to Atlantic Methanol Product- ion Company LLC. CHEROKEE GAS PROCESSING, LLC (82% MEMBER) An Oklahoma limited liability company formed to acquire the Lucien gathering system located near Enid, Oklahoma. CMS ANTRIM GAS COMPANY A Michigan corporation formed to design, construct and operate the Central Carbon Dioxide Removal Plant in Otsego County, Michigan. CMS CONTINENTAL NATURAL GAS, INC. A Michigan corporation formed to acquire and effect a merger of Continental Natural Gas, Inc., an Oklahoma corporation involved in the transmission and distribution of natural gas and has the following 16 subsidiaries: - Bradshaw Energy LLC (74%) - CBC/Leon Limited Partnership (89%) - Bright Star Partnership (10%) - Cherokee Gas Processing LLC - Continental Energy Services, LLC (99%) - Continental Gas Processing, LLC (99%) - Continental Holdings Company - Continental Hydrocarbons, LLC (99%) - Continental Laverne Gas Processing, LLC (99%) - Continental Natural Gas Gathering, LLC (99%) - Continental Spearman Gas Processing, LLC (99%) - Continental/Oklahoma Natural Gas Gathering, LLC (99%) - Continental/Taurus Holdings Company, LLC (99%) - Continental/Taurus Energy Company, LP (99%) - Heritage Gas Gathering LLC - Tekas LLC - Heritage Gas Services LLC - Hillsboro Gas Gathering System JV (23.7064%) - Laubhan Friesen Gas Gathering System JV (40%) - Moody Gas Gathering System JV (57.1632%) - Warrel Gas Gathering System JV (43.65%) - Roaring Creek Gas Services LLC - Leon Limited Partnership I (50%) CMS GAS ARGENTINA COMPANY A Cayman Islands company with an equity interest in Transporta- dora de Gas del Norte S.A., an Argentine company, which provides natural gas transmission services to the northern and central parts of Argentina. - Transportadora de Gas del Norte S.A.(TGN), an Argentine company (25%). CMS GRANDS LACS HOLDING COMPANY A Michigan corporation involved as a General Partner in the Grands Lacs Limited Partnership, a Michigan limited partner- ship. - CMS Jackson Pipeline Company CMS MARYSVILLE GAS LIQUIDS COMPANY A Michigan corporation formed to hold interests in Marysville Fractionation Partnership and in St. Clair Underground Storage Partnership. - St. Clair Underground Storage Partnership (49%) - Marysville Fractionation Partnership (49%) CMS METHANOL COMPANY A Cayman Islands corporation formed to hold interest in a methanol project in Equatorial Guinea. - Atlantic Methanol Associates LLC (50%) - Atlantic Methanol Production Company LLC (90%) CMS SAGINAW BAY COMPANY A Michigan corporation involved as a General Partner in the Saginaw Bay Area Limited Partnership, a Michigan limited partnership. CMS SAGINAW BAY LATERAL COMPANY A Michigan corporation involved as a Limited Partner in the Saginaw Bay Lateral Limited Partnership, a Michigan limited partnership. FORT UNION GAS GATHERING, LLC (33.33%) A Delaware corporation involved in the gathering and treating of natural gas in the states of Colorado and Wyoming. GRANDS LACS LIMITED PARTNERSHIP A Michigan limited partnership formed to plan, develop, finance, construct, expand, own, operate, maintain and repair the Grands Lacs gas storage facility. MICHIGAN INTRASTATE LATERAL GENERAL PARTNERSHIP (50%) A Michigan general partnership acquired as part of the acquisition of the Spartan Intrastate Pipeline and the Mackinaw Energy System. NITROTEC CORPORATION (50%) A Delaware corporation formed to invest in plants that extract helium from natural gas. TRANSPORTADORA DE GAS DEL NORTE S.A.(TGN) (25%) An Argentine company that provides natural gas transmission services to the northern and central parts of Argentina and owns 2,600 miles of natural gas pipeline. TRISTATE PIPELINE, LLC (66-2/3%) A Michigan limited liability company formed to hold interests in the TriState Pipeline. WESTERN AUSTRALIA GAS TRANSMISSION COMPANY I A Cayman Islands corporation formed to hold interests in a natural gas pipeline project in Australia and the Atacama Project in Chile and has the following 3 direct subsidiaries: - CMS Gas Transmission del Sur Company - CMS Gas Transmission of Australia Holdings Company - CMS Gas Transmission of Australia - Atacama Finance Co. - Compania de Inversiones CMS Energy Chile Limitada, a Chilean company (99%) - Administradora Proyecto Atacama S.A. (40%) - CMS Servicios de Agua de Chile Compania Limitada - Gasoducto Atacama Compania Limitada LLP (40%) - Nor Oeste Pacifico Generacion de Energia Limitada (40%) - Energex Co.(24%) - Gasoducto Cuenca Noroeste Limitado LLP (40%) - Gasoducto Cuenca Noroeste Limitada Argentine Branch - CMS International Financial Services Company - CMS Luxembourg SARL - Valandrid B.V. - CMS Goldfields Gas Transmission Australia Pty. Ltd. - SCP Investments (No. 1) Pty. Ltd. - SCP Investments (No. 2) Pty. Ltd. - Southern Cross Pipelines Australia Pty. Ltd.(45%) - Goldfields Gas Transmission Joint Venture (62.7%) - Goldfields Gas Transmission Pty. Ltd. CMS GENERATION CO. A Michigan corporation engaged in the development of and investment in cogeneration and other independent power generation projects both domestic and foreign and has 34 direct subsidiaries: CMS CENTRALES TERMICAS S.A.(99%) An Argentine company formed to own an interest in a 240 MW natural gas/fuel oil-fired electric power plant near Mendoza, Argentina. CMS GENERATION ALTOONA COMPANY (INACTIVE) A Michigan corporation involved as a General Partner in the Altoona Cogeneration Partners Limited Partnership which was formed to develop, construct, own, operate and maintain a bituminous coal, bituminous coal waste or other solid fuel-burning facility. CMS GENERATION CHATEAUGUAY COMPANY A Michigan corporation involved as a General Partner in KES Chateauguay, LP, a limited partnership which is involved in the ownership and operation of a 17 megawatt (net) wood-fired power plant near Chateauguay, New York. CMS GENERATION FILER CITY, INC. A Michigan corporation involved as a General Partner in the T.E.S. Filer City Station Limited Partnership, a limited partnership which is the owner of the 54 megawatt (net) wood chip and coal-fired electric generating station in Filer City, Michigan. CMS GENERATION FILER CITY OPERATING COMPANY A Michigan corporation formed to operate a coal and wood waste- fueled power plant near Filer City, Michigan owned by the T.E.S. Filer City Station Limited Partnership. CMS GENERATION GENESEE COMPANY A Michigan corporation involved as a General Partner in the Genesee Power Station Limited Partnership which owns and operates a 35 megawatt (net) waste wood-fired electric generating facility located in Genesee County, Michigan. CMS GENERATION GRAYLING COMPANY A Michigan corporation involved as a General Partner in Grayling Generating Station Limited Partnership which 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 General Partner in AJD Forest Products Limited Partnership that operates a sawmill adjacent to the Grayling Generating Station and also supplies waste wood fuel to the project. CMS GENERATION GRAYLING HOLDINGS COMPANY A Michigan corporation involved as a Limited Partner in Grayling Generating Station Limited Partnership. CMS GENERATION HOLDINGS COMPANY A Michigan corporation involved as a Limited Partner in various partnerships and in the following companies: - Genesee Power Station LP (48.75%) - GPS Newco, LLC, a Kansas limited liability company (50% member) - KES Chateauguay LP (49%) - Lyonsdale Energy LP (49%) - McCook Cogeneration Station, LLC, a Michigan limited liability company (50% member) - Metro East, LLC, a Michigan limited liability company (50% member) - Mon Valley Energy LP (49.5%)(Inactive) - Moose River Properties, Inc., a Delaware corporation (50%) - Oxford/CMS Development LP (50%) CMS GENERATION HONEY LAKE COMPANY A Michigan corporation with a General Partnership interest and a Limited Partnership interest in HL Power Company, a California limited partnership which uses waste wood and geothermal fluid to generate a 30 megawatt (net) electric generating station in Lassan County, California. Also involved as General Partner in Honey Lake Energy I LP, and Honey Lake Energy II LP, both Michigan limited partnerships formed to own limited partnership interests in HL Power Company. CMS GENERATION INVESTMENT COMPANY I A Cayman Islands company involved as a holding company for CMS Generation overseas investments and has 17 direct subsidiaries that engage in the construction, ownership or operation of various power projects in the Philippines, India, Morocco, Thailand and Australia: - CMS Generation Ceara, LLC, a Michigan limited liability company - CMS Generation Jegurupadu I Limited Duration Company, a Cayman Islands company (99%) - Jegurupadu O&M Company Mauritius, a Mauritius company (50%) - CMS Generation Jegurupadu II Limited Duration Company, a Cayman Islands company (99%) - Jegurupadu O&M Company Mauritius, a Mauritius company (50%) - CMS Generation Jorf Lasfar I Limited Duration Company, a Cayman Islands company (99%) - Jorf Lasfar I HB (50%) - Jorf Lasfar Power Energy HB (50%) - Jorf Lasfar Handelsbolag (50%) - CMS Generation Jorf Lasfar II Limited Duration Company, a Cayman Islands company (99%) - Jorf Lasfar I HB(50%) - Jorf Lasfar Power Energy HB (50%) - Jorf Lasfar Handelsbolag (50%) - CMS Generation Jorf Lasfar III Limited Duration Company, a Cayman Islands company (50%) - Jorf Lasfar Operations Handelsbolag - CMS Generation Loy Yang Holdings 1 Ltd., a Cayman Islands company - CMS Generation Loy Yang Holdings 2 Ltd., a Cayman Islands company - CMS Generation Neyveli Ltd., a Mauritius company (50%) - CMS Generation Taweelah Limited, a Cayman Islands company - Emirates CMS Power Company, a U.A.E. company (40%) - Energex Co. (16%) - Energiaktiebolaget CMS, a Swedish Company - Monetize Limited, a Mauritius company - National Power Supply Co., Ltd., a Thailand company (50%) - Secure Wood Chips LP - Scudder Latin American Power I-P LDC (25%) - Takoradi International Company, a Cayman Islands corporation CMS GENERATION INVESTMENT COMPANY II A Cayman Islands company engaged as a holding company for 1% ownership interests in the companies described above as being owned 99% by CMS Generation Investment Company I, in addition to the companies listed below: - CMS Generation Jegurupadu I LDC - CMS Generation Jegurupadu II LDC - CMS Generation Jorf Lasfar I LDC - CMS Generation Jorf Lasfar II LDC - CMS Generation Neyveli Ltd. (50%) CMS GENERATION INVESTMENT COMPANY III A Cayman Islands company engaged to facilitate the construction, ownership and operation of the GVK Industries Project in Jegurupadu, Andhra Pradesh, India of a natural gas/liquid fuel combined cycle plant 235 MW ("GVK") and has one direct subsidiary with an ownership interest in GVK. - Jegurupadu CMS Generation Company Ltd., a Mauritius company CMS GENERATION LYONSDALE COMPANY A Michigan corporation involved as a General Partner in the Lyonsdale Energy Limited Partnership which owns and operates a 19 MW (net) waste wood-fired electric generating facility in Lyonsdale, New York. CMS GENERATION MONTREAL COMPANY A Michigan corporation involved as a General Partner in Secure Wood Chips LP, a Canadian limited partnership, to own and operate a waste wood recovery facility in the greater Montreal, Quebec, Canada area. - Secure Development Corporation, a Canadian corporation CMS GENERATION MON VALLEY COMPANY A Michigan corporation involved as General Partner in the Mon Valley Energy Limited Partnership formed to develop, construct, finance and operate the Mon Valley Project, an 80 megawatt (net) coal fired cogeneration plant in Pennsylvania. CMS GENERATION RECYCLING COMPANY A Michigan corporation involved as a member of Mid-Michigan Recycling, LC, a Michigan limited liability company, formed to supply waste wood fuel for the Genesee Power Station Limited Partnership. CMS GENERATION S.A.(99%) An Argentine company formed to carry out on its own account or that of third parties investments in energy-related businesses located primarily in South America. - Hidroinvest S.A., an Argentine company (25%) CMS INTERNATIONAL OPERATING COMPANY A Cayman Islands corporation which owns and controls project Operating and Maintenance companies. - CMS Generation Jorf Lasfar III Limited Duration Company (50%) - Jorf Lasfar Operations Handelsbolag (99%) (99%) CMS RIO GRANDE DE SUL LTDA. (99.99%) A Brazilian company engaged in the development and invest- ment in electrical generation projects in Brazil. DEARBORN INDUSTRIAL GENERATION, LLC (70% MEMBER) A Michigan limited liability company engaged in the construction of a 700 MW co-generation facility in Dearborn, Michigan. EXETER MANAGEMENT COMPANY (50%) A Connecticut corporation involved as a General Partner in the Exeter Energy Limited Partnership which owns and operates a 26 megawatt (net) tire-burning facility in Sterling, Connecticut. HYDRA-CO ENTERPRISES, INC. A New York corporation engaged in the ownership and/or operation, by itself or with others, of one or more cogeneration, small hydro or alternate energy production facilities through partnership interests and ownership of domestic corporations. HYDRA-CO Enterprises, Inc. owns 26 subsidiaries that are involved in the development, ownership, management or operation of independent power projects located in seven states and in Jamaica: - Benton Falls Associates (50% GP) - CMS Generation Stratton Company - Stratton Energy Associates (20% GP - 15% LP) - Cogent Little Falls (49.99% GP) - Copenhagen Associates (49.99% LP) - Craven County Wood Energy LP (44.99% LP) - HCE-Appomattox, Inc., a New York corporation - Appomattox River Associates LP (49% LP) - HCE-Biopower, Inc., a New York corporation (Inactive) - HCE-Hudson, Inc., a New York corporation - Curtis/Palmer Hydroelectric Company LP (12.5% GP) - HCE-Imperial Valley, Inc., a New York corporation - HCE-Jamaica Development, Inc., a New York corporation - HCE-Lakewood, Inc., a New York corporation - HCE-Rockfort Diesel, Inc., a New York corporation - HYDRA-CO Generation, Inc., a New York corporation (Inactive) - Hydro Power Associates (49.99% GP) - Black River Hydro Associates (75% GP) - Imperial Resource Recovery Associates, LP (32.69% LP) - IPP Investment Partnership (49% LP) - Little Falls Hydropower Associates (33.33% GP) - Lock 17 Group (33.33% GP) - Lock 17 Management Group (33.33% GP) - Lyonsdale Associates (49.99% GP) - New Bern Energy Recovery, Inc., a Delaware corporation. - PowerSmith Cogeneration Project, LP (8.75% LP) - Pyrites Associates (49.99% GP) - Salt City Energy Venture LP(75% GP - 36.75% LP) - Windpower Partners 1988 (22.73% LP) - Windpower Partners 1989 (8.5346% LP) LUZON POWER ASSOCIATES, INC. A Philippine corporation formed to construct and operate a 400 MW power project in the Philippines. MCCOOK COGENERATION STATION, LLC (50% MEMBER) A Michigan limited liability company formed to develop and own a 40 megawatt (net) waste wood fueled electric generating facility located in Cook County, Illinois. MCCOOK WASTE WOOD RECOVERY FACILITY, LLC (50% MEMBER) A Michigan limited liability company formed to develop and own a waste wood recycling and processing facility where waste wood will be received, manually and mechanically separated and then recycled or processed for use at McCook Cogeneration Station, LLC METRO EAST, LLC (50% MEMBER) A Michigan limited liability company formed to develop and own a 60 megawatt (net) waste wood and waste coal fueled electric generating facility located in the City of Madison, Illinois. MID-MICHIGAN RECYCLING, LLC A Michigan limited liability company involved in supplying waste wood fuel for the Genesee Power Station Limited Partnership. OXFORD/CMS DEVELOPMENT LP (50%) A partnership involved as a (48%) limited partner in Exeter Energy LP which owns and operates a 31.3 MW tire-fueled co- generation plant in Sterling, Connecticut. - Exeter Energy LP (48% LP) OXFORD TIRE RECYCLING, INC. (INACTIVE) A Delaware corporation engaged in tire collection, shredding and storage, the sale of used and shredded tires, and related business activities. OXFORD TIRE RECYCLING OF MASSACHUSETTS, INC. A Delaware corporation engaged in waste tire collection, shredding and storage, the sale of used and shredded tires, and related business activities. OXFORD TIRE SUPPLY, INC. A Delaware corporation engaged in trucking and hauling used scrap tires and sorting and grading tires for resale. SCUDDER LATIN AMERICAN POWER I-C, LDC (25%) An Investment Fund formed to invest (primarily passive) in electric generating facilities and the electric infrastructure in Latin America and the Caribbean. TAWEELAH A2 OPERATING COMPANY A Michigan corporation formed to operate the Taweelah A2 electric generating units in Abu Dhabi, United Arab Emirates. CMS LAKE MUSKEGON COMPANY A Michigan corporation formed to develop land located in the City of Muskegon, Michigan. - Lake Muskegon Community, LLC (25%) CMS LAND COMPANY A Michigan corporation formed to act as a repository for any unused real property formerly owned by Consumers Power and hold the same for possible non-utility development and has one subsidiary: BAY HARBOR COMPANY, LLC (50% MEMBER) A Michigan limited liability company which is the owner and developer of Bay Harbor, a real estate development. CMS MARKETING, SERVICES AND TRADING COMPANY A Michigan corporation involved in providing gas, electric, oil and coal marketing, risk management and energy management services and has 5 subsidiaries: CMS MST ENGINEERING COMPANY A Michigan corporation formed to provide professional engineering services which includes system engineering design and energy consulting. CMS TEXON COMPANY 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. TEXON DISTRIBUTING LP (49%) A Delaware limited partnership engaged in transporting, processing and marketing crude oil and natural gas liquids and services related thereto. ENLINE ENERGY SOLUTIONS, LLC (50%) A Texas limited liability company engaged in purchasing, transporting, storing, selling, brokering and marketing natural gas, oil, propane and electricity and energy- related consulting. PREMSTAR ENERGY CANADA LTD. A Canadian corporation engaged in purchasing, transporting, storing, selling, brokering and marketing natural gas in North America and energy-related consulting. - Energistics Group, Inc. CMS OIL AND GAS COMPANY (FORMERLY KNOWN AS CMS NOMECO OIL & GAS CO.) A Michigan corporation engaged in the exploration, development, acquisition and production of oil and natural gas in the U.S. and in foreign countries through partnership interests and ownership of domestic corporations and foreign companies. CMS Oil and Gas Company owns 12 direct subsidiaries that are either domestic corporations or foreign companies: CMS NOMECO EQUATORIAL GUINEA OIL & GAS CO. A Michigan corporation engaged in the exploration and production of oil and natural gas in Equatorial Guinea. CMS NOMECO Holdings Ltd. A Cayman Islands company engaged as a holding company for 9% ownership in CMS NOMECO Venezuela LDC and 1% ownership interests in the Cayman Island limited duration companies described below as subsidiaries of CMS NOMECO International, Ltd. CMS NOMECO INTERNATIONAL, LTD. A Cayman Islands company engaged as a holding company for 8 subsidiaries that are Cayman Island limited duration companies that principally engage in the exploration and production of oil and natural gas in South America and West Africa: - CMS NOMECO Alba LDC (99%) - Punta Europa LLC (36%) - Alba Associates LLC (40%) - Alba Plant LLC (80%) - CMS NOMECO Argentina LDC (99%) - CMS NOMECO Congo LDC (99%) - CMS NOMECO EG LDC (99%) - Punta Europa LLC (25.5%) - CMS NOMECO Ecuador LDC (99%) - CMS NOMECO Venezuela LDC (91%) - CMS NOMECO Congo Ltd. - CMS NOMECO EG Ltd. - Alba Equatorial Guinea Partnership LP CMS NOMECO INTERNATIONAL, INC. A Texas corporation engaged as a holding company for 7 subsidiaries that engage in the exploration and production of oil and natural gas in Africa and the Middle East: - CMS NOMECO Cote D'Ivoire Ltd., a Cayman Islands company - CMS NOMECO International Cameroon, Inc., a Texas corporation - CMS NOMECO International Congo Holdings, Inc., a Texas corporation - CMS NOMECO Congo, Inc., a Delaware corporation - CMS NOMECO International Equatorial Guinea, Inc., a Texas corporation - CMS NOMECO International Transportation, Inc., a Texas Corporation - CMS NOMECO International Tunisia, Inc., a Texas Corporation - El Franig Partnership - CMS NOMECO Cameroon, Ltd., a Cayman Islands company CMS NOMECO PERU COMPANY A Michigan corporation formed to pursue oil and natural gas exploration and production opportunities in Peru. CMS NOMECO PIPELINE COMPANY A Michigan corporation formed to hold ownership interests in various natural gas pipelines located in Michigan. CMS NOMECO SERVICES COMPANY A Michigan corporation formed for the purpose of pursuing oil marketing opportunities. EXPLOTACIONES CMS NOMECO, INC. A Delaware corporation engaged in the exploration and production of oil and natural gas in Colombia. NOMECO CHINA OIL CO. A Michigan corporation formed to pursue oil and natural gas exploration and production opportunities in China. NOMECO ECUADOR OIL COMPANY A Michigan corporation engaged in the exploration and production of oil and natural gas in Ecuador. NOMECO THAILAND OIL COMPANY A Michigan corporation formed to pursue oil and natural gas exploration and production opportunities in Thailand. TERRA ENERGY, LTD. A Michigan corporation engaged in the exploration and production of natural gas in Michigan. Terra Energy Ltd. has 13 subsidiaries: - Eagle Productions, Inc. (20%) - Energy Acquisition Operating Corporation - J.R. Productions, Inc. (20%) - Kristen Corporation - Newaygo/Oceana Pipeline LP (43.77%) - Northwest Operations, Inc. (20%) - Phoenix Operating Company Inc. (40%) - State 26 Production Co. (20%) - Terra-Hayes Pipeline General Partnership (26.58%) - Terra Pipeline Company - Terra-Westside Processing Co. Partnership (15%) - Thunderbay Pipeline Company LLC (50%) - Wellcorps LLC (55%) CMS RESOURCE DEVELOPMENT COMPANY A Michigan corporation formed to pursue and develop various power sources outside the United States. MONARCH MANAGEMENT COMPANY A Michigan corporation which houses several investments whose principal business is the provision of services to energy and other regulated entities. (c) The consolidated operations of Consumers Energy Company ("Consumers") account for the major share of CMS Energy's total assets, revenues and income. Consumers has eight subsidiaries. The name, state of organization and nature of business of Consumers' subsidiaries are described below: CMS ENGINEERING CO. A Michigan corporation engaged in offering design, engineering, project management and related construction services to natural gas utilities, natural gas exploration and production companies, and other energy businesses. CMS MIDLAND HOLDINGS COMPANY A Michigan corporation involved as a Limited Partner in the First Midland Limited Partnership, a Delaware limited partnership, a partnership that leases assets to the Midland Cogeneration Venture Limited Partnership, a Michigan limited partnership. CMS MIDLAND, INC. A Michigan corporation engaged as a General Partner in the Midland Cogeneration Venture Limited Partnership, a Michigan limited partnership. CONSUMERS ENERGYGUARD SERVICES, INC. A Michigan corporation formed for the purpose of marketing EnergyGuard, a residential bill payment insurance product to Consumers' residential customers. ES SERVICES COMPANY A Michigan corporation formed for the purpose of offering design, engineering, project management and related services primarily to electric utilities and generation facilities. HURON HYDROCARBONS, INC. A Michigan corporation involved with others to use the expanded capacity of the underground caverns at the Marysville Gas Reforming Plant located in Marysville, Michigan for commercial storage of liquid hydrocarbons and to use certain hydrocarbon fractionation facilities at the plant. MEC DEVELOPMENT CORP. A Michigan corporation which previously held assets transferred to and holder of certain bonds issued by the Midland Cogeneration Venture Limited Partnership, a Michigan limited partnership. MICHIGAN GAS STORAGE COMPANY A Michigan corporation and a natural gas company within the meaning of the Natural Gas Act engaged in the interstate transportation and storage of gas for a number of customers including Consumers. 2. A brief description of the properties of claimant and each of its subsidiary public utility companies used for the generation, transmission and distribution of electric energy for sale, or for the production, transmission and distribution of natural or manufactured gas, indicating the location of principal generating plants, transmission lines, producing fields, gas manufacturing plants, and electric and gas distribution facilities, including all such properties which are outside the State in which claimant and its subsidiaries are organized and all transmission or pipelines which deliver or receive electric energy or gas at the borders of such State. ____________________________________________________ (a) Claimant has no directly owned properties used for such purposes. (b) Consumers is the only subsidiary of Claimant which is a public utility. Its property and facilities used for the above-described purposes are located within the State of Michigan and are described below. (1) Electric Properties Consumers' electric generation is supplied by the following plants: 1998 Summer Net 1998 Net Demonstrated Generation Name and Location Capability (Thousands of (Michigan) (Kilowatts) Kilowatt-hours) Coal Generation J H Campbell - West Olive 1,346,100 (A) 8,716,040 D E Karn - Essexville 515,000 2,956,590 B C Cobb - Muskegon 300,000 2,167,278 J R Whiting - Erie 310,000 1,905,584 J C Weadock - Essexville 310,000 2,213,428 --------- --------- Total 2,781,100 17,958,920 Oil/Gas Generation D E Karn - Essexville 1,276,000 760,716 Ludington Pumped Storage 954,000 (B) (479,583)(C) Nuclear Generation Palisades - South Haven 760,000 5,363,942 Gas/Oil Combustion Turbine Generation 345,000 60,917 Hydro Generation 73,500 395,250 --------- ---------- Total Owned Generation 6,190,300 24,060,162 ========= ========== (A) Represents Consumers' share of the capacity of the Campbell Plant Unit 3 net of 6.69% (ownership interests of the Michigan Public Power Agency and Wolverine Power Supply Cooperative, Inc.). (B) Represents Consumers' share of the capacity of the Ludington Pumped Storage Plant. Consumers and The Detroit Edison Company ("Detroit Edison") have 51% and 49% undivided ownership, respectively, in the plant, and the capacity of the plant is shared accordingly. (C) Represents Consumers' share of net pumped storage generation. This facility electrically pumps water during off-peak hours for storage to later generate electricity during peak-demand hours. Electric transmission, subtransmission and distribution lines are located on or under public highways, streets, alleys or lands, except where they are located on or under easements or other rights. The transmission system consists of 4,447 structural miles of overhead lines. The subtransmission system consists of 4,167 structural miles and 16 subsurface miles of underground lines. The distribution system consists of 52,991 structural miles of overhead lines and 6,480 subsurface miles of underground lines. Consumers owns substations having an aggregate transformer capacity of 39,022,140 kilovolt amperes. Consumers is interconnected with certain Michigan and neighboring utilities. Consumers and Detroit Edison have formed the Michigan Electric Coordinated Systems ("MECS") to facilitate the coordinated planning and operation of their electric systems. MECS is interconnected with electric systems in Indiana, Ohio and Ontario, Canada.(1) Consumers owns or connects with electric transmission lines which deliver electric energy at or near the Michigan state border to: (i) Indiana & Michigan Electric Company at the following interconnection points: Palisades-Cook No. 1, Palisades-Cook No. 2, Argenta-Robinson Park and Argenta-Twin Branch; and (ii) Northern Indiana Public Service Company at the following interconnection point: Barton Lake-Batavia. (2) GAS PROPERTIES As of December 31, 1998, Consumers' gas properties, all located in Michigan, included a gas distribution and transmission system, 6 compressor stations located at Consumers' storage fields and along the gas transportation lines and 11 storage fields. Consumers' gas distribution and transmission systems consist of 23,392 miles of distribution mains and 1,165 miles of transportation lines, throughout the Lower Peninsula of Michigan. Consumers owns and operates 6 compressor stations with a total of 108,680 installed horsepower. Michigan Gas Storage Company ("MGSC") owns and operates a gas transportation system, 2 compressor stations, and 3 storage fields, all located in Michigan. _______________________ (1) MECS interconnects with electric systems in Ohio and Ontario, Canada through Detroit Edison. Detroit Edison interconnects with The Toledo Edison Company at Majestic-Lemoyne, Monroe-Bayshore and Allen Junction- Majestic-Monroe. Detroit Edison also interconnects with Ontario Hydro at Waterman-Keith, Bunce Creek-Scott and two points at St. Clair- Lambton. Consumers receives natural gas for its local distribution system through interconnection facilities located in Michigan and at the Michigan State border. 3. The following information for the last calendar year with respect to claimant and each of its subsidiary public utility companies: _________________________________________________________ (a) Number of kWh of electric energy sold (at retail or wholesale), and Mcf of natural or manufactured gas distributed at retail. Consumers sold 39,747,411,000 KWh of electric energy at retail for the year ended December 31, 1998 and sold 210,910,112 Mcf of natural gas at retail during the same period. Claimant, through one of its non- public utility subsidiaries, sold 38,393,218 MMBtu of natural gas at retail for the year ended December 31, 1998. Claimant did not sell any electric energy or manufactured gas at retail. (b) Number of KWh of electric energy and Mcf of natural or manufactured gas distributed at retail outside the State of Michigan. Consumers did not sell any electric energy or natural gas or manufactured gas at retail outside the State of Michigan. Claimant, through one of its non-public utility subsidiaries, sold 12,847,017 MMBtu of natural gas at retail outside the State of Michigan. Claimant did not sell any electric energy or manufactured gas at retail outside the State of Michigan. (c) Number of KWh of electric energy and Mcf of natural or manufactured gas sold at wholesale outside the State of Michigan or at the State line of Michigan. Consumers delivered 2,047,809,500 KWh of electric energy across state lines under interchange power agreements for the year ended December 31, 1998. Consumers did not sell any electric energy or natural gas or manufactured gas at wholesale outside the State of Michigan. Claimant, through one of its non-public utility subsidiaries, sold 6,170,563,000 kWh of electric energy and 175,054,856 MMBtu of natural gas at wholesale outside the State of Michigan. Claimant did not sell any manufactured gas at wholesale outside the State of Michigan. (d) Number of KWh of electric energy and Mcf of natural or manufactured gas purchased outside the State of Michigan or at the State line of Michigan. For the year ended December 31, 1998, Consumers purchased 3,889,243,000 KWh of electric energy outside the State of Michigan or at the State line of Michigan and Consumers purchased 172,550,000 Mcf of natural gas from outside the State of Michigan. Claimant, through one of its non-public utility subsidiaries, purchased 6,911,672,000 kWh of electric energy and purchased 296,838,008 MMBtu of natural gas outside the State of Michigan. Claimant did not purchase any manufactured gas outside the State of Michigan. 4. The following information for the reporting period with respect to claimant and each interest it holds directly or indirectly in an EWG or a foreign utility company, stating monetary amounts in United States dollars: _________________________________________________________ (a) Name, location, business address and description of the facilities used by the EWG or foreign utility company for the generation, transmission and distribution of electric energy for sale or for the distribution at retail of natural or manufactured gas. As of December 31, 1998, CMS Energy had interests in 19 EWGs and 6 foreign utility companies: CMS Ensenada S.A. ("Ensenada") 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. CMS Generation Cebu Limited Duration Company ("Cebu") Maples and Calder P.O. Box 309, Grand Cayman Cayman Islands, British West Indies Cebu, a Cayman Islands company, is an EWG and has 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. CMS Generation Cebu Operating Limited Duration Company ("Cebu Operating") 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. CMS Generation Horizon Energy Holdings Limited ("CMSG Horizon") P.O. Box 3001 Ugland House, South Church Street Grand Cayman, Cayman Islands, British West Indies CMSG Horizon, 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. 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 148 MW natural gas-fired peaking facility located in Gaylord, Michigan. CMS Generation Operating Company II, Inc. ("CMSG Operating Company II") Fairlane Plaza South 330 Town Center Drive Dearborn, Michigan 48126 CMSG Operating Company II, a United States company, is an EWG and is the operator of a 237 MW cogeneration facility located in Lakewood, New Jersey. 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 148 MW natural gas-fired peaking facility located in Gaylord, Michigan. CMS Morocco Operating Company SCA ("CMS Morocco") BP 99 Sidi Bouzid El Jadida Morocco CMS Morocco, a Moroccan company, is an EWG that operates two existing 330 MW electric generating plants and will operate two additional 348 MW electric generating plants to be constructed at the port of Jorf Lasfar on the Atlantic coast of Morocco. CMS Operating S.A. Edificio Torre Catalinas Plaza Ing. Butty 220, 8th Floor (1106) Buenos Aires, Argentina CMS Operating S.A., an Argentine company, is an EWG and has an ownership interest in and is the operator of Ensenada (see above); and has an ownership interest in Centrales Termicas Mendoza S.A., an Argentine company which owns a power generating facility located in Mendoza, Argentina, which currently generates 532 MW of power and can be fueled by natural gas, Oil or diesel fuel. CMS Generation Pinamucan Limited Duration Company ("Pinamucan") Maples and Calder P.O. Box 309, Grand Cayman Cayman Islands, British West Indies Pinamucan, a Cayman Islands company, is an EWG and has ownership interests in a 63 MW diesel power plant located in Cavite Export Processing Zone, Rosario, Cavite, Philippines. CMS Generation Pinamucan Operating Limited Duration Company ("Pinamucan Operating") Maples and Calder P.O. Box 309, Grand Cayman Cayman Islands, British West Indies Pinamucan Operating, a Cayman Islands company, is an EWG and is the operator of a 63 MW diesel power plant located in Cavite Export Processing Zone, Rosario, Cavite, Philippines.8. Centrales Termicas San Nicolas, S.A. ("CTSN") 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 holds a 0.016% indirect ownership interest in CTSN. See CTSN, Section 4(b) and Exhibit C. Compania Forca E Luz Cataguazes - Leopoldina ("Cataguazes") Praca Rui Barbosa, 80, 36770-000 Cataguazes, MG, Brazil Cataguazes, a Brazilian company, is a foreign utility company and owns and operates an electric distribution company located in the Brazilian states of Minas Gerais and Rio de Janeiro, serving approximately 286,000 customers. Empresa Distribuidora de Electricidad de Entre Rios S.A. ("EDEER") 25 de Mayo 139 (3100) Parana, Entre Rios, Argentina EDEER, an Argentine company, is a foreign utility company and owns and operates an electric distribution company located North of Buenos Aires, in the Province of Entre Rios, Argentina, serving approximately 223,000 customers. Empresa Energetica de Sergipe S.A. ("Energipe") Rua Itabaianinha, 66, CEP 49010-190 Aracaju, Sergipe, Brazil Energipe, a Brazilian company, is a foreign utility company and owns a concession right for electric distribution in the Brazilian state of Sergipe which services approximately 371,000 customers. GMR Vasavi Power Corporation Private Limited ("GMR Vasavi") 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. GVK Industries Limited ("GVK") 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. Hidroelectrica El Chocon, S.A. ("Hidroelectrica") 8311 Neuquen Neuquen Province, 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. Horizon Energy Holdings Limited ("Horizon Energy") P.O. Box 3001 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. Jamaica Private Power Company Limited ("Jamaica Private Power") 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. Private Power Operators Limited ("Private Power") 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. Jegurupadu Operating and Maintenance Company ("Jegurupadu Operating") 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. Jorf Lasfar Energy Company SCA ("Jorf Lasfar") 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. Lakewood Cogeneration, LP ("Lakewood") 123 Energy Way Lakewood, New Jersey 08701 Lakewood, a Delaware limited partnership, is an EWG and is owner and operator of a 237 MW Cogeneration facility located in Lakewood, New Jersey. The two-unit plant can be fueled by natural gas or household heating oil. Sistema Electrico Nueva Esparta C.A. ("SENECA") Centro Comercial El Angel Local 16 Porlamar (6301) Isla de Margarita, Venezuela SENECA, a Venezuelan company, is a foreign utility company and is the owner of 150 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 86,300 customers. (b) Name of each system company that holds an interest in such EWG or foreign utility company; and description of the interest held. ENSENADA CMS Operating S.A. and CMS Generation Holdings Co., own 99% and 1%, respectively, of Ensenada. See Exhibit C. CEBU CMS Generation Investment Company I and CMS Generation Investment Company II, own 99% and 1%, respectively, of Cebu. See Exhibit C. CEBU OPERATING CMS Generation Investment Company I and CMS Generation Investment Company II, own 99% and 1%, respectively, of CMS Generation Cebu Operating. See Exhibit C. CMSG HORIZON CMS Generation Loy Yang Holdings II, a wholly-owned subsidiary of CMS Generation Investment Company I, owns 100% of CMSG Horizon. See Exhibit C. CMS GENERATION OPERATING COMPANY CMS Generation Co. owns 100% of CMS Generation Operating Company. See Exhibit C. CMSG OPERATING COMPANY II HYDRA-CO. Enterprises, Inc., owns 100% of CMSG Operating Company II. See Exhibit C. CMS GENERATION MICHIGAN POWER LLC CMS Generation Co. owns 100% of CMS Generation Michigan Power LLC See Exhibit C. CMS MOROCCO 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 C. CMS OPERATING S.A. CMS Generation Co. and CMS Generation Holdings Company, own 99% and 1%, respectively of CMS Operating S.A. See Exhibit C. PINAMUCAN CMS Generation Investment Company I and CMS Generation Investment Company II, own 99% and 1%, respectively, of Pinamucan. See Exhibit C. PINAMUCAN OPERATING CMS Generation Investment Company I and CMS Generation Investment Company II, own 99% and 1%, respectively, of Pinamucan Operating. See Exhibit C. CTSN In May 1993, Inversora San Nicolas S.A. purchased 88% share in CTSN. The remaining 12% interest was held by the Argentine government on behalf of the facility's employees. On July 7, 1995, AES Argentina, Inc. purchased a 99.9% ownership interest in CMS Generation San Nicolas Company, represented by 9,990 newly-issued shares, leaving CMS Generation Co. with a 0.016% indirect ownership interest in CTSN. See Exhibit C. CATAGUAZES CMS Brazil Energia Ltda., a wholly-owned subsidiary of CMS Electric and Gas, owns 29.5% of Cataguazes. CMS Distribuidora Ltda., a wholly-owned subsidiary of CMS Electric and Gas, owns 9.87% of Cataguazes. GIPAR, 49.9% owned by CMS Brazil Energia Ltda., owns 19.51% of Cataguazes. See Exhibit C. EDEER Inversora en Distribucion de Entre Rios S.A. owns 90% of the shares of EDEER. Compania de Inversiones en Energia Electrica, S.A.(CIEESA), a wholly-owned subsidiary of CMS Electric and Gas, owns 53.5% of the shares of Inversora en Distribucion de Entre Rios S.A. See Exhibit C. ENERGIPE Energisa, 86.5% owned by Cataguazes and 4.92% owned by CMS Distribuidora Ltda., owns 84% of Energipe. Cataguazes owns 12.06% of Energipe. See Cataguazes above and Exhibit C. GMR VASAVI Monetize Limited, a wholly-owned subsidiary of CMS Generation Investment Company I, owns 49% of GMR Vasavi. See Exhibit C. GVK Jegurupadu CMS Generation Company Limited, owns 18.75% of GVK Industries. See Exhibit C. HIDROELECTRICA CMS Generation Co. owns a 2.48% direct ownership in Hidroelectrica. Hidroinvest, S.A. owns a 59% ownership interest in Hidroelectrica. CMS Generation, S.A. has a 25% ownership interest in Hidroinvest, S.A. See Exhibit C. HORIZON ENERGY CMS Generation Loy Yang Holdings I, a wholly-owned subsidiary of CMS Generation Investment Company I, owns 100% of Horizon Energy. See Exhibit C. JAMAICA PRIVATE POWER HCE Rockfort Diesel, owns 41.2% of Jamaica Private Power. See Exhibit C. PRIVATE POWER HCO-Jamaica, Inc., owns 50% of Private Power. See Exhibit C. JEGURUPADU OPERATING Jegurupadu O&M Company, owns 60% of Jegurupadu Operating. See Exhibit C. JORF LASFAR Jorf Lasfar I Handelsbolag, Jorf Lasfar Power Energy Handelsbolag, and Jorf Lasfar Handelsbolag, own 25%, 23% and 2%, respectively, of Jorf Lasfar. See Exhibit C. LAKEWOOD HCE-Lakewood, Inc. owns 1% interest as a general partner in Lakewood Cogeneration, LP HYDRA-CO Enterprises, Inc. owns 44% ownership interest as a limited partner in Lakewood. See Exhibit C. SENECA CMS Electric and Gas Company owns 100% of ENELMAR. ENELMAR owns 70% of SENECA. See Exhibit C. (c) Type and amount of capital invested, directly or indirectly, by the holding company claiming exemption; any direct or indirect guarantee of the security of the EWG or foreign utility company by the holding company claiming exemption; and any debt or other financial obligation for which there is recourse, directly or indirectly, to the holding company claiming exemption or another system company, other than the EWG or foreign utility company. ENSENADA As of December 31, 1998, CMS Operating S.A. had invested approximately $38 million of equity in Ensenada. CEBU As of December 31, 1998, CMS Generation Investment Company I and CMS Generation Investment Company II had invested approximately $16 million of equity in Cebu. CEBU OPERATING As of December 31, 1998, CMS Generation Investment Company I and CMS Generation Investment Company II had invested approximately $0.7 million of equity in CMS Generation Cebu Operating. CMSG HORIZON As of December 31, 1998, CMS Generation Investment Company I had invested approximately $123 million in CMS Generation Loy Yang Holdings 2 and advanced approximately $161 million to CMSG Horizon. CMS GENERATION OPERATING COMPANY As of December 31, 1998, there were no investments made in CMS Generation Operating Company. CMSG OPERATING COMPANY II As of December 31, 1998, there were no investments made in CMSG Operating Company II. CMS GENERATION MICHIGAN POWER LLC As of December 31, 1998, CMS Generation Co. had invested approximately $25 million of equity in CMS Generation Michigan Power LLC CMS MOROCCO As of December 31, 1998, 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 $12,000 of equity in CMS Morocco. CMS OPERATING S.A. As of December 31, 1998, CMS Generation Co. had invested approximately $240 million of equity in CMS Operating S.A. PINAMUCAN As of December 31, 1998, CMS Generation Investment Company I and CMS Generation Investment Company II had invested approximately $10 million of equity in CMS Generation Pinamucan. PINAMUCAN OPERATING As of December 31, 1998, CMS Generation Investment Company I and CMS Generation Investment Company II had invested approximately $0.2 million of equity in Pinamucan Operating. CTSN As of December 31, 1998, CMS Generation San Nicolas Company had invested approximately $13 million of equity in CTSN. CMS Energy has been released from all guarantees related to CTSN. CATAGUAZES As of December 31, 1998, CMS Brazil Energia Ltda. had invested $180.7 million and CMS Distribuidora Ltda. had invested $19.4 million in Cataguazes. EDEER As of December 31, 1998, CMSE&G had invested approximately $86 million in equity in EDEER. CIEESA had invested $22 million in EDEER. ENERGIPE As of December 31, 1998, CMS Distribuidora Ltda. had invested $10.1 million in Energisa. GMR VASAVI As of December 31, 1998, Monetize Ltd. had invested $11 million in GMR Vasavi. GVK As of December 31, 1998, Jegurupadu CMS Generation Company Limited had invested $21 million of equity in GVK Industries, directly and indirectly through Classic Investment I and Classic Investment II. HIDROELECTRICA As of December 31, 1998, CMS Generation, S.A. had invested approximately $51 million of equity in, and advanced approximately $17 million of loans to, Hidroelectrica. CMS Generation, S.A. was a co-applicant for certain letters of credit required in connection with the acquisition of the concession, and CMS Energy has guaranteed up to approximately $15 million of reimbursement obligations relating to these letters of credit. CMS Energy has also guaranteed on behalf of Hidroelectrica approximately $13 million in connection with the Guaranteed Indebtedness Credit Agreement dated as of December 15, 1993 between Hidroelectrica and The Chase Manhattan Bank. HORIZON ENERGY As of December 31, 1998, CMS Generation Investment Company I had invested approximately $122 million in CMS Generation Loy Yang Holdings 1 and advanced approximately $160 million to Horizon Energy. JAMAICA PRIVATE POWER As of December 31, 1998, HCE Rockfort Diesel, had invested approximately $16 million in Jamaica Private Power. PRIVATE POWER As of December 31, 1998, there were no investments made in Private Power. JEGURUPADU OPERATING As of December 31, 1998, Jegurupadu O&M Company had invested approximately $0.2 million of equity in Jegurupadu Operating, directly and indirectly through Classic Investment I and Classic Investment II. JORF LASFAR As of December 31, 1998, Jorf Lasfar I Handelsbolag, Jorf Lasfar Power Energy Handelsbolag, and Jorf Lasfar Handelsbolag, had invested approximately $30,000 of equity in Jorf Lasfar. LAKEWOOD As of December 31, 1998, HCE-Lakewood, Inc. had invested $510,000 of equity in Lakewood. HYDRA-CO Enterprises, Inc. had invested $22,444,000 of equity in Lakewood. SENECA As of December 31, 1998, CMS Electric and Gas had invested $56.7 million and ENELMAR had invested $63 million in SENECA. (d) Capitalization and earnings of the EWG or foreign utility company during the reporting period. ENSENADA $ (000s) Capitalization at 12/31/98 Shareholders' Equity $ 12 Irrevocable Contributions $ 37,636 Return of Capital $ -0- Total $ 37,648 Net Income (Loss) for the period ended 12/31/98 $ (999) CEBU $ (000s) Capitalization at 12/31/98 Shareholders' Equity $ 16,400 Cumulative Translation Adjustment (5,543) Net Income (Loss) for the period ended 12/31/98 $ 277 CEBU OPERATING $ (000s) Capitalization at 12/31/98 Shareholders' Equity $ 510 Cumulative Translation Adjustment $ -0- Net Income (Loss) for the period ended 12/31/98 $ 226 CMSG HORIZON Capitalization at 12/31/98 $ (000s) Shareholder's Equity $ 123,534 Cumulative Translation Adjustment $ (54,014) Net Income (Loss) for the period ended 12/31/98 $ (13,862) CMS GENERATION OPERATING COMPANY Capitalization at 12/31/98 $ (000s) Shareholder's Equity $ 3,537 Net Income (Loss) for the period ended 12/31/98 $ 224 CMSG OPERATING COMPANY II $ (000s) Capitalization at 12/31/98 Shareholders' Equity $ 3,496 Net Income (Loss) for the period ended 12/31/98 $ 1,040 CMS GENERATION MICHIGAN POWER LLC Capitalization at 12/31/98 $ (000s) Shareholder's Equity $ 24,872 Net Income (Loss) for the period ended 12/31/98 $ -0- CMS MOROCCO $ (000s) Capitalization at 12/31/98 (information received in Moroccan Dirhams converted at 9.00 dirhams per US $1.00) Shareholders' Equity $ 12 Net Income (Loss) for the period ended 12/31/98 $ 825 CMS OPERATING S.A. $ (000s) Capitalization at 12/31/98 Shareholders Equity $ 35,449 Irrevocable Contributions $ 204,872 Total $ 240,321 Net Income (Loss) for the period ended 12/31/98 $ 278 PINAMUCAN $ (000s) Capitalization at 12/31/98 Shareholders' Equity $ 10,323 Net Income (Loss) for the period ended 12/31/98 $ (1,168) PINAMUCAN OPERATING $ (000s) Capitalization at 12/31/98 Shareholders' Equity $ 250 Cumulative Translation Adjustment $ -0- Net Income (Loss) for the period ended 12/31/98 $ 106 *CTSN: $ (000s) Capitalization at 12/31/98 Bank Loans $ Long Term Debt (Partners Loans) $ Shareholders' Equity $ Total Capitalization $ Net Income (Loss) for the period ended 12/31/98 $ * 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. CATAGUAZES Capitalization at 12/31/98 $ (000s) Stockholder's Equity $ 56,949 Cumulative Translation Adjustment $ (3,767) Net Income (Loss) for the period ended 12/31/98 $ (5,150) EDEER $ (000s) Capitalization at 12/31/98 Shareholders' Equity $ 87,412 Net Income for the period Ended 12/31/98 $ 2,591 ENERGIPE Capitalization at 12/31/98 $ (000s) Stockholder's Equity $ 145,419 Cumulative Translation Adjustment $ (9,686) Net Income (Loss) for the period ended 12/31/98 $ (1,416) GMR VASAVI Capitalization at 12/31/98 $ (000s) Shareholder's Equity $ 11,000 Net Income (Loss) for the period ended 12/31/98 $ -0- GVK $ (000s) Capitalization at 12/31/98 Shareholders' Equity $ 73,915 Cumulative Translation Adjustment $ Unknown *Net Income (Loss) for the period ended 11/30/98 $ 7,879 *Latest financial information available. HIDROELECTRICA $ (000s) Capitalization at 10/31/98 Bank Loans $ 180,000 Shareholders' Equity $ 379,584 Total Capitalization $ 559,584 *Net Income (Loss) for the period ended 10/31/98 $ 4,796 *Latest financial information available. HORIZON ENERGY Capitalization at 12/31/98 $ (000s) Shareholder's Equity $ 122,001 Cumulative Translation Adjustment $ (53,322) Net Income (Loss) for the period ended 12/31/98 $ (13,933) JAMAICA PRIVATE POWER $ (000s) Capitalization at 12/31/98 Shareholders' Equity $ 41,844 Net Income (Loss) for the period ended 12/31/98 $ 678 PRIVATE POWER $ (000s) Capitalization at 12/31/98 Shareholders' Equity $ 10 Net Income (Loss) for the period ended 12/31/98 $ -0- JEGURUPADU OPERATING $ (000s) Capitalization at 12/31/98 (estimates) Shareholders' Equity $ 10 Advance on Equity $ 336 Cumulative Translation Adjustment $ Unknown Net Income (Loss) for the period ended 12/31/98 (estimate) $ 317 JORF LASFAR $ (000s) Capitalization at 12/31/98 Shareholders' Equity $ 60 Long Term Loans $ 770,790 Net Income (Loss) for the period ended 12/31/98 $ 74,682 LAKEWOOD $ (000s) Capitalization at 12/31/98 Bank Loans $ 190,015 Shareholders' Equity $ 41,370 Total Capitalization $ 231,385 Net Income (Loss) for the period ended 12/31/98 $ 7,529 SENECA Capitalization at 12/31/98 $ (000s) Shareholder's Equity $ 56,700 Net Income (Loss) for the period ended 12/31/98 $ (1,812) (e) Identify any service, sales or construction contracts(s) between the EWG or foreign utility company and a system company, and describe the services to be rendered or goods sold and fees or revenues under such agreement(s). As of December 31, 1998, 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. Total fees earned in 1998 were $455,362. As of December 31, 1998, Toledo Power Company, owned 47.5% by Cebu, has an operating agreement, effective January 1, 1996, with CMS Generation Cebu Operating Limited Duration Company, which is owned 99% by CMS Generation Investment Company I and 1% by CMS Generation Investment Company II. Total fees earned in 1998 were $476,355. As of December 31, 1998, Centrales Termicas Mendoza, S.A., has 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. Total fees earned in 1998 were $1,141,715. As of December 31, 1998, EDEER has a Management, Supervision and Technical Assistance Contract with CMS Electric and Gas Company. This is a consulting contract in connection with the operation and maintenance of the foreign utility. Total fees earned in 1998 were $1,373,442. As of December 31, 1998, Lakewood maintains a 21 year Operating and Maintenance Agreement with CMSG Operating Company II to operate and maintain the EWG. There is an Administrative and General Agreement between Lakewood Cogeneration, LP and HYDRA-CO Enterprises which expires November 2012 to maintain the business administration of the EWG. Lakewood also maintains a construction contract with Lakewood Project Management, Inc., a wholly owned subsidiary of HYDRA-CO Enterprises, Inc., which expires at the end of the warranty phase. Total fees earned in 1998 were: Operator Fees $ 412,611 Administrative Fees 328,940 Project Management Fees -0- ----------- Total Fees $ 741,551 As of December 31, 1998, Magellan Cogeneration, Inc., has an operating agreement, effective February 4, 1997, with Pinamucan Operating. Total fees earned in 1998 were $595,763. As of December 31, 1998, GVK Industries, has a restated 10 year Operation and Maintenance Agreement with Jegurupadu Operating, effective on the commercial operation date of the steam turbine unit. Total fees earned in 1998 were $698,676. As of December 31, 1998, Jorf Lasfar has an Operating and Maintenance Agreement with CMS Morocco, effective September 4, 1997. Total fees earned in 1998 under the Operating and Maintenance Agreement were $1,268,750. As of December 31, 1998, Jorf Lasfar has a Construction Management Agreement with CMS Resource Development. Total fees earned in 1998 under the Construction Management Agreement were $4,800,000. As of December 31, 1998, Jamaica Private Power has an operating agreement with Private Power. Total fees earned in 1998 were $134,124. As of December 31, 1998, total Industry Expertise fee earned by CMS Generation Horizon Energy Holding from Loy Yang were $9,692,964. On November 25, 1998, CMS Electric and Gas Company entered into a Management, Supervision and Technical Assistance Agreement with SENECA which will become effective on January 1, 1999. As of December 31, 1998, no fees were earned under this agreement. 34 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, 1999. CMS ENERGY CORPORATION, a Michigan corporation [CORPORATE SEAL] By /s/ Rodger A. Kershner ______________________ Rodger A. Kershner Senior Vice President and General Counsel ATTEST: /s/ Thomas A. McNish ____________________ Thomas A. McNish Vice President and Secretary Name, title, and address of officer to whom notices and correspondence concerning this Statement should be addressed: Rodger A. Kershner Senior Vice President and General Counsel CMS Energy Corporation Fairlane Plaza South Suite 1100 330 Town Center Drive Dearborn, Michigan 48126 EX-1 2 EXHIBIT A TO U-3A-2 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, 1998 (In Millions, except Per Share Amounts)
Consumers CMS Inter- Energy Enterprises company CMS Energy CMS Energy Company Company Elimina- Corporation Corp.(1) Consol. Consol. tions Consol. Operating Revenue Electric utility $ - $2,606 $ - $ - $2,606 Gas utility - 1,051 - - 1,051 Independent power production - 50 227 - 277 Oil and gas exploration and production - - 79 (16) 63 Natural gas transmission, storage and processing - - 161 (1) 160 Marketing, services and trading - - 998 (59) 939 Other - 2 45 (2) 45 ------ ------ ------ ------ ------ Total operating revenue - 3,709 1,510 (78) 5,141 ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - 317 42 - 359 Purchased power-related parties - 573 - - 573 Purchased and interchange power - 285 299 - 584 Cost of gas sold - 564 723 (75) 1,212 Other operation expense 4 544 217 (2) 763 Maintenance - 173 3 - 176 Depreciation, depletion and amortization 1 403 80 - 484 General taxes - 201 14 - 215 ------ ------ ------ ------ ------ Total operating expenses 5 3,060 1,378 (77) 4,366 ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (5) 649 132 (1) 775 ------ ------ ------ ------ ------ Other Income (Deductions) Loss on MCV power purchases - (37) - - (37) Dividends and interest from affiliates 32 14 3 (49) - Accretion income - 6 - - 6 Accretion expense - (16) - - (16) Other, net 394 - 6 (399) 1 ------ ------ ------ ------ ------ Total other income (deductions) 426 (33) 9 (448) (46) ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt 157 138 23 - 318 Other interest 12 38 30 (33) 47 Capitalized interest (8) (1) (20) - (29) Preferred dividends - 19 10 (10) 19 Preferred securities distributions 14 18 - - 32 ------ ------ ------ ------ ------ Net fixed charges 175 212 43 (43) 387 ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 246 404 98 (406) 342 Income Taxes (45) 135 10 - 100 ------ ------ ------ ------ ------ Consolidated Net Income (Loss) before Effect of Change in Acctg. Principle 291 269 88 (406) 242 Cumulative Effect of Change in Acctg. Prin. - 43 - - 43 ------ ------ ------ ------ ------ Consolidated Net Income (Loss) before Common Stock Dividends 291 312 88 (406) 285 Dividends on Common Stock 146 242 - (248) 140 ------ ------ ------ ------ ------ Consolidated Net Income (Loss) after Common Stock Dividends $ 145 $ 70 $ 88 $ (158) $ 145 ====== ====== ====== ====== ====== Average Number of CMS Energy Common Shares Outstanding 102,446 Basic Earnings Per CMS Energy Average Common Share $ 2.65 Diluted Earnings Per CMS Energy Average Common Share $ 2.62 (1) Represents CMS Energy Corporation with Consumers 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, 1998 (In Millions)
Michigan Huron CMS Inter- Consumers Consumers Gas Hydro- Midland CMS company Power Energy Storage carbons Holdings Midland Elimina- Company Company(2) Company Inc. Company Inc. tions Consol. Operating Revenue Electric $2,606 $ - $ - $ - $ - $ - $2,606 Gas 1,047 19 - - - (15) 1,051 Other 3 - - 11 39 (1) 52 ------ ------ ------ ------ ------ ------ ------ Total operating revenue 3,656 19 - 11 39 (16) 3,709 ------ ------ ----- ------ ------ ------ ------ Operating Expenses Fuel for electric generation 317 - - - - - 317 Purchased power - related parties 573 - - - - - 573 Purchased and interchange power 285 - - - - - 285 Cost of gas sold 579 - - - - (15) 564 Other operation expense 537 8 - - - (1) 544 Maintenance 169 4 - - - - 173 Depreciation, depletion and amortization 401 1 - - 1 - 403 General taxes 199 2 - - - - 201 ------ ------ ------ ------ ------ ------ ------ Total operating expenses 3,060 15 - - 1 (16) 3,060 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income 596 4 - 11 38 - 649 ------ ------ ------ ------ ------ ----- ------ Other Income (Deductions) Loss on MCV power purchases (37) - - - - - (37) Dividends and interest from affiliates 32 1 - - 1 (20) 14 Accretion income 6 - - - - - 6 Accretion expense (16) - - - - - (16) Other, net 37 - - - - (37) - ------ ------ ------ ------ ------ ----- ----- Total other income (deductions) 22 1 - - 1 (57) (33) ------ ------ ------ ------ ------ ------ ------ Interest Charges Interest on long-term debt 136 2 - - - - 138 Other interest 58 - - - - (20) 38 Capitalized interest (1) - - - - - (1) ----- ----- ------ ------ ------ ---- ----- Net interest charges 193 2 - - - (20) 175 ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 425 3 - 11 39 (37) 441 Income Taxes 119 1 (1) 2 14 - 135 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) before Effect of Change in Acctg. Prin. 306 2 1 9 25 (37) 306 Cumulative Effect of Change in Acctg. Prin. 43 - - - - - 43 ------ ------ ------ ------ ------ ----- ------ Net Income (Loss) 349 2 1 9 25 (37) 349 Preferred Stock Dividends 19 - - - - - 19 Preferred Securities Distribution 18 - - - - - 18 ------ ------ ------ ------ ------ ---- ------ Net Income (Loss) Available to Common Stockholder 312 2 1 9 25 (37) 312 Dividends on Common Stock 242 - - - - - 242 ------ ------ ------ ------ ------ ----- ----- Net Income (Loss) After Common Dividends$ 70 $ 2 $ 1 $ 9 $ 25 $ (37) $ 70 ====== ====== ====== ====== ====== ===== ===== (2) Represents Consumers Energy Company, CMS Engineering Company, ES Services Company and Consumers EnergyGuard Services, Inc. consolidated with Michigan Gas Storage Company, CMS Midland Holdings Company, CMS Midland, Inc. and Huron Hydrocarbons, Inc. included on the equity method of accounting.
CMS ENTERPRISES COMPANY Consolidating Statement of Income For the Year Ended December 31, 1998 (In Millions)
CMS CMS CMS Gas CMS Oil and Generation CMS CMS CMS Trans. & Enterprises Gas Co. Co. Capital Land MS & T Stor. Co. Company(3) Consol. Consol. Corp. Company Company Consol. Operating Revenue Oil and gas explora- tion and product- ion $ - $ 127 $ - $ - $ - $ - $ - Indepen- dent power product- ion - - 227 - - - - Natural gas transmission, storage and processing - - - - - - 161 Marketing, services and trading 1,007 Other - - - 7 8 - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue - 127 227 7 8 1,007 161 ------ ----- ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - 42 - - - - Purchased and interchange power - - - - - 287 - Cost of gas sold - - - - - 695 85 Other operation expense 5 76 68 - - 18 26 Maintenance - 2 - - - - 1 Depreciation, depletion and amortization - 38 21 - - 2 14 General taxes 1 5 1 - - 1 2 ------ ------ ----- ------ ------ ----- ------ Total operating expenses 6 121 132 - - 1,003 128 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (6) 6 95 7 8 4 33 ------ ------ ----- ------ ------ ----- ------ Other Income (Deductions) Dividends and interest from affiliates 4 - 2 17 - - 1 Other, net 101 2 1 1 - - 2 ------ ------ ----- ------ ----- ----- ------ Total other income (deduct- ions) 105 2 3 18 - - 3 ------ ------ ----- ----- ----- ----- ------ Fixed Charges Interest on long- term debt - 12 7 - - - 4 Other interest 5 4 20 19 - 1 2 Capitalized interest (1) - (14) - - - (5) Preferred dividends 10 - - - - - - ------ ------ -------- -------- ------ ----- ------ Net fixed charges 14 16 13 19 - 1 1 ------ ------ ------- ------- ------ ----- ------ Income (Loss) Before Income Taxes 85 (8) 85 6 8 3 35 ------ ------ ------ ------ ------ ----- ------ Income Taxes (3) (14) 11 2 3 1 13 ------ ------ ----- ---- ----- ----- ------ Net Income (Loss) $ 88 $ 6 $ 74 $ 4 $ 5 $ 2 $ 22 ====== ====== ===== ===== ==== ===== ======
CMS ENTERPRISES COMPANY Consolidating Statement of Income For the Year Ended December 31, 1998 (In Millions) (Continued from Previous Page)
CMS Inter- CMS Electric company Enterprises & Gas Elimina- Company Company tions Consol. Operating Revenue Oil and gas exploration and production $ - $ (48) $ 79 Independent power production - - 227 Natural gas transmission, storage and processing - - 161 Marketing, services and trading - (9) 998 Other 30 - 45 ----- ----- ------ Total operating revenue 30 (57) 1,510 ----- ----- ------- Operating Expenses Fuel for electric generation - - 42 Purchased and interchange power 12 - 299 Cost of gas sold - (57) 723 Other operation expense 24 - 217 Maintenance - - 3 Depreciation, depletion and amortization 5 - 80 General taxes 4 - 14 ----- ---- ------- Total operating expenses 45 (57) 1,378 ----- ----- ------ Pretax Operating Income (Loss) (15) - 132 ------ ----- ------ Other Income (Deductions) Dividends and interest from affiliates - (21) 3 Other, net - (101) 6 ----- ------ ------ Total other income (deductions) - (122) 9 ----- ------- ----- Fixed Charges Interest on long-term debt - - 23 Other interest 1 (22) 30 Capitalized interest - - (20) Preferred dividends - - 10 ------ ----- ------- Net fixed charges 1 (22) 43 ------ ----- -------- Income (Loss) Before Income Taxes (16) (100) 98 ------ ----- ------- Income Taxes (3) - 10 ------ ----- ------- Net Income (Loss) $ (13) $ (100) $ 88 ====== ======= ======== (3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc., CMS Lake Muskegon Company, Monarch Management Corporation and CMS Resource Development Company consolidated with CMS Oil and Gas Company, CMS Generation Company, CMS Land Company, CMS Marketing, Services and Trading Company, CMS Gas Transmission and Storage Company, CMS Electric and Gas Company and CMS Capital Corporation included on the equity method of accounting.
CMS OIL AND GAS COMPANY Consolidating Statement of Income For the Year Ended December 31, 1998 (In Millions)
CMS NOMECO CMS CMS Equatorial CMS CMS NOMECO NOMECO Terra Guinea CMS NOMECO NOMECO Oil and Gas Alba International Energy, Oil & Gas Venezuela Congo Company(4) LDC Inc.Consol. Ltd. Co. LDC Ltd. Operating Revenue Oil and gas explora- tion and product- ion $ 50 $ 1 $ 19 $ 13 $ 2 $ 13 $ 2 Other - - - - - - - ------ ---- ---- ----- ---- ------ ---- Total operating revenue 50 1 19 13 2 13 2 ------ ---- ---- ----- ---- ------ ---- Operating Expenses Other operation expenses 38 - 18 3 1 6 1 Maintenance 1 - 1 - - - - Depreciation, depletion and amortiza- tion 14 1 4 5 - 6 - General taxes 3 - - 1 - 1 - ----- ----- --- ----- ---- ---- ---- Total operating expenses 56 1 23 9 1 13 1 ----- ----- ---- ----- ---- ----- ----- Pretax Operating Income (6) - (4) 4 1 - 1 ------ ----- ---- ------ ---- ----- ----- Other Income (Deductions) Interest from affiliates 2 - - 1 - - - Other, net 5 1 - 1 - - - ------- ----- ----- ------- ---- ------ ----- Total other income (deduct- ions) 7 1 - 2 - - - ----- ----- ----- ------- ----- ------ ----- Fixed Charges Interest on long- term debt 11 1 - - - - - Other interest 6 - - - - - - ------ ---- ----- ------- ----- ------ ----- Net fixed charges 17 1 - - - - - ------ ----- ---- ------- ----- ------ ----- Income (Loss) Before Income Taxes (16) - (4) 6 1 - 1 ------ ----- ----- ------- ----- ------ ----- Income Taxes (22) - 3 - 1 - - ------ ----- ---- ------- ----- ------ ----- Net Income (Loss )$ 6 $ - $ (7) $ 6 $ - $ - $ 1 ====== ===== ===== ======= ===== ====== =====
CMS OIL AND GAS COMPANY Consolidating Statement of Income For the Year Ended December 31, 1998 (In Millions) (Continued from Previous Page)
CMS NOMECO CMS Explota- CMS Inter- CMS Inter- NOMECO ciones NOMECO company Oil and Gas national Ecuador CMS NOMECO E.G. Elimina- Company Ltd. LDC Inc. Ltd. tions Consol. Operating Revenue Oil and gas exploration and production $ - $ 16 $ 4 $ 7 $ - $ 127 Other - - - - - - ---- ------ ----- ------ ----- ------ Total operating revenue - 16 4 7 - 127 ---- ------ ----- ------ ----- ------ Operating Expenses Other operation expense - 5 2 2 - 76 Maintenance - - - - - 2 Depreciation, depletion and amortization - 6 2 - - 38 General taxes - - - - - 5 ----- ----- ----- ----- ----- ------ Total operating expenses - 11 4 2 - 121 ----- ----- ----- ----- ----- ------ Pretax Operating Income - 5 - 5 - 6 ----- ------ ------ ----- ----- ------ Other Income (Deductions) Interest from affiliates - - - - (12) 2 Other, net 7 - - - (12) 2 ------ ------ ------ ------ ----- ------ Total other income (deductions) 7 - - - (15) 2 ------ ------ ------ ------ ----- ------ Fixed Charges Interest on long-term debt - - - - - 12 Other interest 1 - - - (3) 4 ------- ------ ------ ------ ----- ------ Net fixed charges 1 - - - (3) 16 ------- ------ ------ ------ ----- ------ Income (Loss) Before Income Taxes 6 5 - 5 (12) (8) ------- ------- ------ ------ ----- ----- Income Taxes - 2 - 2 - (14) ------- ------- ------ ------ ----- ----- Net Income (Loss) $ 6 $ 3 $ - $ 3 $ (12) $ 6 ======= ======= ====== ====== ===== ===== (4) Represents CMS Oil and Gas Company, NOMECO China Oil Co., NOMECO Thailand Oil Company, CMS NOMECO Pipeline Company, CMS NOMECO EG LDC and CMS NOMECO Holdings Ltd. consolidated with CMS NOMECO International, Inc. included on the equity method of accounting.
CMS OIL AND GAS INTERNATIONAL, INC. Consolidating Statement of Income For the Year Ended December 31, 1998 (In Millions)
CMS CMS NOMECO CMS CMS NOMECO CMS NOMECO Inter- CMS NOMECO Inter- NOMECO Int'l Int'l. Company NOMECO Inter- national Inter.Eq. Cote D'Ivoire Tunisia, Elimina- Inter., national Congo, Guinea, Inc. Inc. tions Inc. Inc.(5) Inc. Inc. Consol. Operating Revenue Oil and gas exploration and production $ - $ 15 $ 2 $ - $ 2 $ - $ 19 Other - - - - - - - --- ---- ----- ---- ---- ---- ----- Total operating revenue - 15 2 - 2 - 19 ---- ----- ----- ---- ---- ---- ----- Operating Expenses Other operation expense - 12 1 4 1 - 18 Maintenance - 1 - - - - 1 Depreciation, depletion and amortization - 3 - - 1 - 4 General taxes - - - - - - - ----- ---- ---- ----- ----- ----- ----- Total operating expenses - 16 1 4 2 - 23 ----- ----- ---- ----- ----- ----- ----- Pretax Operating Income (Loss) - (1) 1 (4) - - (4) ------ ----- ---- ----- ----- ----- ----- Other Income (Deductions) (4) - - - - 4 - ------ ----- ------ ----- ----- ----- ----- Fixed Charges Interest on long-term debt - - - - - - - Other interest - - - - - - - ------ ----- ----- ----- ---- ----- ----- Net fixed charges - - - - - - - ------ ----- ----- ----- ---- ---- ----- Income (Loss) Before Income Taxes (4) (1) 1 (4) - 4 (4) ------ ---- ---- ----- ---- ---- ------ Income Taxes 3 - - - - - 3 ------ ----- ---- ----- ---- ---- ------ Net Income (Loss) $ (7) $ (1) $ 1 $ (4) $ - $ 4 $ (7) ====== ===== ===== ==== ==== ==== ====== (5) Represents CMS NOMECO International, Inc. and CMS NOMECO International Transportation, Inc. consolidated.
CMS GENERATION COMPANY Consolidating Statement of Income For the Year Ended December 31, 1998 (In Millions)
CMSG CMSG HYDRA-CO CMSG CMS Jorf CMS Honey Filer Enter- Grayling Int'l Lasfar Generation Lake City prises, Holdings Operating Operations Co.(6) Company Inc. Consol. Company Company Handelsb. Operating Revenue Independent power production $ 3 $ 9 $ 3 $ 44 $ 2 $ - $ - Other - - - - - - - ------ ------ ----- ------ ------ ----- ----- Total operating revenue 3 9 3 44 2 - - ------ ------ ----- ------ ------ ----- ----- Operating Expenses Fuel for electric generation - - - - - - - Other operation expense 34 - - - - - - Depreciation, depletion and amortization 3 - - 5 - - - General taxes 1 - - - - - - ----- ----- ---- ----- ----- ----- ----- Total operating expenses 38 - - 5 - - - ----- ----- ---- ----- ----- ----- ----- Pretax Operating Income (Loss) (35) 9 3 39 2 - - ----- ----- ---- ----- ----- ----- ----- Other Income (Deductions) Interest from affiliates 2 - - - - - - Other, net 104 - - 1 - 2 2 ----- ----- ----- ----- ----- ---- ----- Total other income (deductions) 106 - - 1 - 2 2 ----- ------ ----- ----- ----- ---- ----- Fixed Charges Interest on long-term debt 1 - - - - - - Other interest 17 - - 2 - - - Capitalized interest (14) - - - - - - ------ ------ ---- ----- ----- ---- ---- Fixed charges 4 - - 2 - - - ------ ------ ---- ----- ----- ---- ---- Income (Loss) Before Income Taxes 67 9 3 38 2 2 2 ------ ------ ---- ----- ----- ---- ---- Income Taxes (8) 3 1 16 1 - - ------ ------ ---- ----- ----- ---- ---- Net Income (Loss) $ 75 $ 6 $ 2 $ 22 $ 1 $ 2 $ 2 ====== ====== ==== ===== ===== ==== ==== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Statement of Income For the Year Ended December 31, 1998 (In Millions) (Continued from Previous Page)
Mid- CMSG CMS Jeguru- CMSG CMS Michigan Inv. Co. Morocco padu Holding Generation CTM Recycling I/II Operating CMSG Company S.A. Consol. L.L.C. Consol. Co.SCA Ltd. Operating Revenue Independent power production $ 15 $ (1) $ 91 $ 3 $ 62 $ 3 $ 3 Other - - - - - - - ---- ---- ----- ------ ------ ------ ---- Total operating revenue 15 (1) 91 3 62 3 3 ---- ---- ----- ------ ------ ------ ---- Operating Expenses Fuel for electric generation - - 42 - - - - Other operation expense - - 28 3 13 - - Depreciation, depletion and amortiz- ation - - 12 - 1 - - General taxes - - - - - - - ------ ----- ------ ----- ----- ----- ---- Total operating expenses - - 82 3 14 - - ------ ----- ------ ----- ----- ----- ---- Pretax Operating Income (Loss) 15 (1) 9 - 48 3 3 ------ ----- ------ ----- ----- ----- ---- Other Income (Deductions) Interest from affiliates 2 - - - - - - Other, net - - - - - - - ------ ----- ------ ----- ----- ----- ---- Total other income (deduct- ions) 2 - - - - - - ------ ----- ------ ----- ----- ----- ---- Fixed Charges Interest on long- term debt - - 6 - - - - Other interest 1 - 2 - 3 - - Capitalized interest - - - - - - - ------ ----- ------ ----- ---- ----- ---- Net fixed charges 1 - 8 - 3 - - ------ ----- ------ ----- ---- ----- ---- Income (Loss) Before Income Taxes 16 (1) 1 - 45 3 3 ------ ----- ------ ----- ---- ----- ---- Income Taxes 6 - 1 - (12) 1 - ------ ----- ------ ----- ---- ----- ---- Net Income (Loss) $ 10 $ (1) $ - $ - $ 57 $ 2 $ 3 ====== ===== ====== ===== ==== ===== ==== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Statement of Income For the Year Ended December 31, 1998 (In Millions) (Continued from Previous Page)
Inter- CMS CMSG CMSG company Generation Inv. Co. Altoona Elimina- Company III Company tions Consol. Operating Revenue Independent power production $ - $ - $ (10) $ 227 Other - - - - ------ ------ ------ ------ Total operating revenue - - (10) 227 ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - - 42 Other operation expense - - (10) 68 Depreciation, depletion and amortization - - - 21 General taxes - - - 1 ------ ------ ------ ------ Total operating expenses - - (10) 132 ------ ------ ------ ------ Pretax Operating Income (Loss) - - - 95 ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - 3 (5) 2 Other, net 3 - (111) 1 ------ ------ ------ ------ 3 3 (116) 3 ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - 7 Other interest - - (5) 20 Capitalized Interest - - - (14) ------ ------ ------ ------ Net fixed charges - - (5) 13 ------ ------ ------ ------ Income (Loss) Before Income Taxes 3 3 (111) 85 ------ ------ ------ ------ Income Taxes 1 1 - 11 ------ ------ ------ ------ Net Income (Loss) $ 2 $ 2 $ (111) $ 74 ====== ====== ====== ====== (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 Operating Company, Oxford Tire Supply, Inc., OTR of Massachusetts, Inc., CMSG Jorf Lasfar III LDC and CMSG Montreal Company consolidated with HYDRA-CO Enterprises, Inc., CMS Centrales Termicas S.A., CMSG Investment Company I and CMSG Investment Company II included on the equity method of accounting.
HYDRA-CO ENTERPRISES, INC. Consolidating Statement of Income For the Year Ended December 31, 1998 (In Millions)
HYDRA-CO CMS Inter- HYDRO-CO Enter- Generation HCE CMSG Lakewood company Enter- prises, Oper.Co. Hudson, Stratton Cogen. Elimina- prises Inc.(7) II Inc. Co. L.P. tions Consol. Operating Revenue Independent power production $ 17 $ 2 $ 2 $ 21 $ 2 $ - $ 44 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 17 2 2 21 2 - 44 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - - - - - - Other operation expense - - - - - - - Depreciation, depletion and amortiza- tion 5 - - - - - 5 General taxes - - - - - - - ------ ----- ----- ---- ---- ----- ----- Total operating expenses 5 - - - - - 5 ------ ------ ----- ---- ---- ----- ----- Pretax Operating Income 12 2 2 21 2 - 39 ------ ------ ----- ----- ---- ----- ----- Other Income (Deductions) 16 - - 1 - (16) 1 ------ ------ ----- ----- ---- ----- ----- Fixed Charges Interest on long- term debt - - - - - - - Other interest 1 - - - 1 - 2 Capitalized interest - - - - - - - ------ ----- ----- ----- ----- ----- ---- Net fixed charges 1 - - - 1 - 2 ------ ----- ----- ----- ----- ----- ---- Income (Loss) Before Income Taxes 27 2 2 22 1 (16) 38 ------ ----- ----- ----- ----- ----- ---- Income Taxes 5 1 1 9 - - 16 ------ ----- ----- ----- ----- ----- ---- Net Income (Loss) $ 22 $ 1 $ 1 $ 13 $ 1 $ (16) $22 ====== ===== ===== ===== ===== ===== ==== (7) Represents HYDRA-CO Enterprises, Inc., HCE Appomattox, Inc., Lakewood Project Management, Inc., HCE Jamaica Development, Inc., HCE Rockford Diesel, Inc., HCE Lakewood, Inc., HCE Jamaica, Inc., HCE Imperial Valley, Inc. and New Bern Energy Recovery, Inc. consolidated.
CMS CENTRALES TERMICAS S.A. Consolidating Statement of Income For the Year Ended December 31, 1998 (In Millions)
Centrales Inter- CMS Cuyana Termicas CMS company Operating S.A. de Mendoza Ensenada Elimina- CTM S.A. Inversiones S.A. S.A. tions Consol. Operating Revenue Independent power production $ 1 $ - $ 53 $ 37 $ - $ 91 Other - - - - - - ------ ------ ------ ------ ------ ------ Total operating revenue 1 - 53 37 - 91 ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - 29 13 - 42 Other operation expense 2 - 12 14 - 28 Depreciation, depletion and amortiza- tion - - 8 4 - 12 General taxes - - - - - - ------ ------ ------ ------ ------ ------ Total operating expenses 2 - 49 31 - 82 ------ ------ ------ ------ ------ ------ Pretax Operating Income (1) - 4 6 - 9 ------ ------ ------ ------ ------ ------ Other Income (Deductions) 1 3 - - (4) - ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - 6 - 6 Other interest - - 1 1 - 2 Capitalized Interest - - - - - - ------ ------ ------ ------ ------ ------ Net fixed charges - - 1 7 - 8 ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes - 3 3 (1) (4) 1 ------ ------ ------ ------ ------ ------ Income Taxes - - 1 - - 1 ------ ------ ------ ------ ------ ------ Net Income (Loss) $ - $ 3 $ 2 $ (1) $ (4) $ - ====== ====== ====== ====== ====== ======
CMS GENERATION INVESTMENT COMPANY I/II Consolidating Statement of Income For the Year Ended December 31, 1998 (In Millions)
Jeguru- CMSG CMSG CMSG CMSG padu CMSG CMSG Loy Yang Loy Yang Jorf Inv. Co. O&M Co. Pinamucan Cebu Holdings Holdings Lasfar I/II(8) Mauritius LDC LDC 1 Ltd. 2 Ltd. I LDC Operating Revenue Independent power production $ 2 $ 1 $ (1) $ 1 $ (2) $ 9 $ - Other - - - - - - - ---- ------ ------ ------ ------ ------ ------ Total operating revenue 2 1 (1) 1 (2) 9 - ---- ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - - - - - - Other operation expense - - - 1 - 10 1 Depreciation, depletion and amortiza- tion - 1 - - - - - General taxes - - - - - - - ---- ------ ------ ------ ------ ------ ------ Total operating expenses - 1 - 1 - 10 1 ---- ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 2 - (1) - (2) (1) (1) ---- ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates 41 - - - - - - Other, net 21 - - - - - 26 ------ ------ ------ ------ ------ ------ ------ Total other income (deduc- tions) 62 - - - - - 26 ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long- term debt - - - - - - - Other interest 3 - - - 20 21 - Capitalized interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges 3 - - - 20 21 - ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 61 - (1) - (22) (22) 25 ------ ------ ------ ------ ------ ------ ------ Income Taxes 4 - - - (8) (8) - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 57 $ - $ (1) $ - $ (14) $ (14) $ 25 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION INVESTMENT COMPANY I/II Consolidating Statement of Income For the Year Ended December 31, 1998 (In Millions) (Continued from Previous Page)
CMSG Jorf Jorf Inter- CMSG Jorf Lasfar Jorf Lasfar company Investment Lasfar Handels- Lasfar Power Elimina- Co. I/II II Ltd. bolag I HB Energy HB tions Consol. Operating Revenue Independent power production $ - $ 2 $ 26 $ 24 $ - $ 62 Other - - - - - - ------ ------ ------ ------ ------ ------ Total operating revenue - 2 26 24 - 62 ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - - - - - Other operation expense 1 - - - - 13 Depreciation, depletion and amortiza- tion - - - - - 1 General taxes - - - - - - ------ ------ ------ ------ ------ ------ Total operating expenses 1 - - - - 14 ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (1) 2 26 24 - 48 ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - - (41) - Other, net 26 - - - (73) - ------ ------ ------ ------ ------ ------ 26 - - - (114) - ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - - - Other interest - - - - (41) 3 Capitalized Interest - - - - - - ------ ------ ------ ------ ------ ------ Net fixed charges - - - - (41) 3 ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 25 2 26 24 (73) 45 ------ ------ ------ ------ ------ ------ Income Taxes - - - - - (12) ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 25 $ 2 $ 26 $ 24 $ (73) $ 57 ====== ====== ====== ====== ====== ====== (8) Represents CMSG Investment Company I, CMSG Investment Company II and CMSG Taweelah Ltd. consolidated.
CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Statement of Income For the Year Ended December 31, 1998 (In Millions)
CMS CMS CMS CMS CMS CMS Gas CMS Marysville Gas Jackson Saginaw Grand Lacs Transmission Antrim Gas Liquids Argentina Pipeline Bay Holding Company(9) Company Company Company Company Company Company Operating Revenue Natural gas trans- mission, storage and pro- cessing $ 12 $ 13 $ 3 $ 13 $ 2 $ 1 $ 5 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 12 13 3 13 2 1 5 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Cost of gas sold - - - - - - - Other operation expense 7 2 1 1 1 - - Maintenance - - - - - - - Depreciation, depletion and amor- tization 2 3 - 1 - - 2 General taxes - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operat- ing expenses 9 5 1 2 1 - 2 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 3 8 2 11 1 1 3 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - 1 - - - - - Other, net 23 - - - - - 1 ------ ------ ------ ------ ------ ------ ------ Total other income (deduct- ions) 23 1 - - - - 1 ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long- term debt - 3 - - - - - Other interest 1 - 1 - - - - Capitalized interest (5) - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges (4) 3 1 - - - - ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 30 6 1 11 1 1 4 ------ ------ ------ ------ ------ ------ ------ Income Taxes 8 2 - - - - 2 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 22 $ 4 $ 1 $ 11 $ 1 $ 1 $ 2 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Statement of Income For the Year Ended December 31, 1998 (In Millions) (Continued from Previous Page)
Cherokee CMS Gas CMS Con- Grand Inter- CMS Gas Petal Gas Trans.of tinential Lacs Company Transmission Gas Storage Processing Australia Nat. Gas, Limited Elimina-Company Company L.L.C. Trust Inc. Part. tions Consol. Operating Revenue Natural gas trans- mission, storage and pro- cessing $ 2 $ 21 $ 13 $ 69 $ 7 $ - $ 161 Other - - - - - - - ---- ------ ------ ------ ------ ------ ------ Total operat- ing revenue 2 21 13 69 7 - 161 ---- ------ ------ ------ ------ ------ ------ Operating Expenses Cost of gas sold 2 15 2 66 - - 85 Other operation expense - 3 4 2 5 - 26 Maintenance - - 1 - - - 1 Depreciation, depletion and amor- tization - 2 2 2 - - 14 General taxes - 1 - 1 - - 2 ---- ------ ------ ------ ------ ------ ----- Total operat- ing expenses 2 21 9 71 5 - 128 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) - - 4 (2) 2 - 33 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - - - - 1 Other, net - - 1 - - (23) 2 ------ ------ ------ ------ ------ ------ ------ Total other income (deduct- ions) - - 1 - - (23) 3 ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long- term debt - - - 1 - - 4 Other interest - - - - - - 2 Capitalized interest - - - - - - (5) ------ ------ ------ ------ ------ ------ ------ Net fixed charges - - - 1 - - 1 ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes - - 5 (3) 2 (23) 35 ------ ------ ------ ------ ------ ------ ------ Income Taxes - - 2 (1) - - 13 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ - $ - $ 3 $ (2) $ 2 $ (23)$ 22 ====== ====== ====== ====== ====== ====== ====== (9) Represents CMS Gas Transmission and Storage Company and CMS Saginaw Bay Lateral Company consolidated.
CMS ENERGY CORPORATION Consolidating Balance Sheet - Assets December 31, 1998 (In Millions)
Consumers CMS Inter- Energy Enterprises company CMS Energy CMS Energy Company Company Elimina- Corporation Corp.(1) Consol. Consol. tions Consol. Plant and Property (At Cost) Electric $ - $6,720 $ - $ - $ 6,720 Gas - 2,360 342 (1) 2,701 Oil and gas properties - - 670 - 670 Independent power production - - 518 - 518 Other 12 25 343 (7) 373 ------ ------ ------ ------- ------- 12 9,105 1,873 (8) 10,982 Less accumulated depreciation, depletion and amortization 6 4,862 345 - 5,213 ------ ------ ------ ------- ------- 6 4,243 1,528 (8) 5,769 Construction work-in-progress - 165 106 - 271 ------ ------ ------ ------- ------- 6 4,408 1,634 (8) 6,040 ------ ------ ------ ------- ------- Investments Associated companies 4,550 241 110 (4,901) - Independent power production - - 888 - 888 Natural gas transmission, storage and processing (6) - 500 - 494 International energy distribution - - 209 - 209 First Midland Limited Partnership - 240 - - 240 Midland Cogeneration Venture - 209 - - 209 Other - - 33 - 33 ------ ------ ------ ------- ------- 4,544 690 1,740 (4,901) 2,073 ------ ------ ------ ------- ------- Current Assets Cash and temporary cash investments 8 25 68 - 101 Accounts receivable 242 (48) 627 (346) 475 Accrued revenues - 225 20 - 245 Inventories to average cost Gas in under- ground storage - 219 - - 219 Materials and supplies - 67 32 - 99 Generating plant fuel stock - 43 - - 43 Deferred income taxes 1 (9) 8 - - Postretirement benefits - 25 - - 25 Prepayments and other (4) 162 42 - 200 ------ ------ ------ ------- ------- 247 709 797 (346) 1,407 ------ ------ ------ ------- ------- Non-current Assets Nuclear decommissioning trust funds - 557 - - 557 Postretirement benefits 1 372 - - 373 Abandoned Midland project - 71 - - 71 Other 458 347 283 (299) 789 ------ ------ ------ ------- ------- 459 1,347 283 (299) 1,790 ------ ------ ------ ------- ------- Total Assets $5,256 $7,154 $4,454 $(5,554) $11,310 ====== ====== ====== ======= ======= (1) Represents CMS Energy Corporation with 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, 1998 (In Millions)
Consumers CMS Inter- Energy Enterprises company CMS Energy CMS Energy Company Company Elimina- Corporation Corp.(1) Consol. Consol. tions Consol. Capitalization Common Stockholders' Equity Common stock $ 1 $ 841 $ - $ (841) $ 1 Other paid- in-capital 2,852 502 3,120 (3,880) 2,594 Currency translation (136) - (146) 146 (136) Revaluation capital (9) 68 40 (108) (9) Retained earnings (234) 434 (315) (119) (234) ------ ------ ------ ------- ------- 2,474 1,845 2,699 (4,802) 2,216 Preferred stock - 238 99 (99) 238 Company-obligated mandatorily redeemable Trust Preferred Securities of: Consumers Power Company Financing I (a) - 100 - - 100 Consumers Energy Company Financing II (a) - 120 - - 120 Company-obligated convertible Trust Preferred Securities of CMS Energy Trust I (b) 173 - - - 173 Long-term debt 2,467 2,007 552 (300) 4,726 Non-current capital leases - 100 5 - 105 ------ ------ ------ ------- ------- 5,114 4,410 3,355 (5,201) 7,678 ------ ------ ------ ------- ------- Current Liabilities Current portion of long-term debt 19 119 120 - 258 Current capital leases - 33 2 - 35 Notes payable 98 215 246 (231) 328 Accounts payable (6) 190 312 5 501 Accounts payable - related parties 17 79 88 (105) 79 Power purchases - 47 - - 47 Accrued interest 27 36 12 (10) 65 Accrued taxes 55 238 (21) - 272 Accrued refunds - 11 - - 11 Other 1 138 76 (1) 214 ------ ------ ------ ------- ------- 211 1,106 835 (342) 1,810 ------ ------ ------ ------- ------- Non-current Liabilities Deferred income taxes (93) 666 76 - 649 Postretirement benefits 15 456 18 - 489 Deferred investment tax credit - 134 1 - 135 Power purchases - 121 - - 121 Regulatory liabilities for income taxes, net - 87 - - 87 Other 9 174 169 (11) 341 ------ ------ ------ ------- ------- (69) 1,638 264 (11) 1,822 ------ ------ ------ ------- ------- Total Stockholders' Equity and Liabilities $5,256 $7,154 $4,454 $(5,554)$11,310 ====== ====== ====== ======= ======= (a) The primary asset of Consumers Power Company Financing I is $103 million principal amount of 8.36 percent subordinated deferrable interest notes due 2015 from Consumers. The primary asset of Consumers Energy Company Financing II is $124 million principal amount of 8.20 percent subordinated deferrable interest notes due 2027 from Consumers. (b) The primary asset of CMS Energy Trust I is $178 million principal amount of 7.75 percent convertible subordinated debentures due 2027 from CMS Energy. (1) Represents CMS Energy Corporation and Consumers Energy Company and CMS Enterprises Company included on the equity method of accounting.
CONSUMERS ENERGY COMPANY Consolidating Balance Sheet - Assets December 31, 1998 (In Millions)
Michigan Huron CMS Inter- Consumers Consumers Gas Hydro- Midland CMS company Energy Energy Storage carbons Holdings MidlandElimina- Company Company(2) Company Inc. Company Inc. tions Consol. Plant and Property (At Cost) Electric $6,720 $ - $ - $ - $ - $ - $6,720 Gas 2,246 114 - - - - 2,360 Other 25 - - - - - 25 ------ ------ ------ ------ ------ ----- ------ 8,991 114 - - - - 9,105 Less accumulated depreciation, depletion and amortization 4,808 54 - - - - 4,862 ------ ------ ------ ------ ------ ------ ------ 4,183 60 - - - - 4,243 Construction work-in- progress 164 1 - - - - 165 ------ ------ ------ ------ ------ ------ ------ 4,347 61 - - - - 4,408 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 584 - - - - (343) 241 First Midland Limited Partnership - - - 240 - - 240 Midland Cogeneration Venture - - - - 209 - 209 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 584 - - 240 209 (343) 690 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 9 - 16 - - - 25 Accounts receivable (47) 13 - - 10 (24) (48) Accrued revenues 225 - - - - - 225 Inventories to average cost Gas in under- ground storage 219 - - - - - 219 Materials and supplies 67 - - - - - 67 Generating plant fuel stock 43 - - - - - 43 Deferred income taxes (19) - - 10 - - (9) Postretirement benefits 25 - - - - - 25 Prepayments and other 161 1 - - - - 162 ------ ------ ------ ------ ------ ------ ------ 683 14 16 10 10 (24) 709 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Nuclear decommis- sioning trust funds 557 - - - - - 557 Postretirement benefits 367 5 - - - - 372 Abandoned Midland project 71 - - - - - 71 Other 573 1 - - - (227) 347 ------ ------ ------ ------ ------ ------ ------ 1,568 6 - - - (227) 1,347 ------ ------ ------ ------ ------ ------ ------ Total Assets $7,182 $ 81 $ 16 $ 250 $ 219 $(594) $7,154 ====== ====== ====== ====== ====== ====== ====== (2) Represents Consumers Energy Company, CMS Engineering Company, ES Services Company, Consumers EnergyGuard Services, Inc. and MEC Development Corporation consolidated with Michigan Gas Storage Company, CMS Midland Holdings Company, CMS Midland, Inc. and Huron Hydrocarbons, Inc. included on the equity method of accounting.
CONSUMERS ENERGY COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions)
Michigan Huron CMS Inter- Consumers Consumers Gas Hydro- Midland CMS company Energy Energy Storage carbons Holdings Midland Elimina- Company Company(2) Company Inc. Company Inc. tions Consol. Capitalization Common Stock- holders' Equity Common stock $ 841 $ 15 $ - $ - $ - $ (15) $ 841 Other paid-in- capital 509 - 3 32 153 (195) 502 Revalua- tion capital 68 - - - - - 68 Retained earnings 434 26 3 32 72 (133) 434 ------ ------ ------ ------ ------ ------ ------ 1,852 41 6 64 225 (343) 1,845 Preferred stock 238 - - - - - 238 Company- obligated mandatorily redeemable Trust Preferred Securities of: Consumers Power Company Financing I (a) 100 - - - - - 100 Consumers Energy Company Financing II (a) 120 - - - - - 120 Long-term debt 2,217 17 - - - (227) 2,007 Non-current capital leases 100 - - - - - 100 ------ ------ ------ ------ ------ ------ ------ 4,627 58 6 64 225 (570) 4,410 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt 115 4 - - - - 119 Current capital leases 33 - - - - - 33 Notes payable 235 - - - - (20) 215 Accounts payable 187 3 - - - - 190 Accounts payable - related parties 81 1 - - - (3) 79 Power purchases 47 1 - - - - 47 Accrued interest 36 - - - - (1) 36 Accrued taxes 236 - - 2 - - 238 Accrued refunds 5 6 - - - - 11 Other 138 - - - - - 138 ------ ------ ------ ------ ------ ------ ------ 1,113 15 - 2 - (24) 1,106 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Deferred income taxes 506 3 8 162 (7) - 666 Postretirement benefits 451 5 - - - - 456 Deferred investment tax credit 111 - - 22 1 - 134 Power purchases 121 - - - - - 121 Regulatory liabilities for income taxes, net 87 - - - - - 87 Other 166 - 8 - - - 174 ------ ------ ------ ------ ------ ------ ------ 1,442 8 10 184 (6) - 1,638 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $7,182 $ 81 $ 16 $ 250 $ 219 $ (594) $7,154 ====== ====== ====== ====== ====== ====== ====== (a) The primary asset of Consumers Power Company Financing I is $103 million principal amount of 8.36 percent subordinated deferrable interest notes due 2015 from Consumers. The primary asset of Consumers Energy Company Financing II is $124 million principal amount of 8.20 percent subordinated deferrable interest notes due 2027 from Consumers. (2) Represents Consumers Energy Company, CMS Engineering Company, ES Services Company, Consumers EnergyGuard Services, Inc. and MEC Development Corporation consolidated with Michigan Gas Storage Company, CMS Midland Holdings Company, CMS Midland, Inc. and Huron Hydrocarbons, Inc. included on the equity method of accounting.
CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Assets December 31, 1998 (In Millions)
CMS CMS CMS CMS Gas CMS Oil and Generation Resource CMS CMS Tran. & Stor. Enterprises Gas Co. Co. Dev. Land MS & T Company Company(3) Consol. Consol. Co. Company CompanyConsol. Plant and Property (At Cost) Oil and gas properties $ - $ 670 $ - $ - $ - $ - $ - Natural gas trans- mission, storage and pro- cessing - - - - - - 342 Independent power production 1 - 517 - - - - Other 2 - - - 15 4 - ------ ------ ------ ------ ------ ------ ------ 3 670 517 - 15 4 342 Less accumu- lated depreciation, depletion and amortiz- ation 1 245 53 - - 1 22 ------ ------ ------ ------ ------ ------ ------ 2 425 464 - 15 3 320 Construction work-in- progress - - 102 - - - 4 ------ ------ ------ ------ ------ ------ ------ 2 425 566 - 15 3 324 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 2,852 - 28 - - - - Independent power production - - 860 - - - 28 Natural gas transmission, storage and pro- cessing - - - - - - 500 International energy distribution - - - - - - - Other (3) - - - 11 25 - ------ ------ ------ ------ ------ ------ ------ 2,849 - 888 - 11 25 528 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments (3) 10 11 - - 13 23 Accounts receivable 30 81 179 14 - 121 97 Accrued revenues - 20 - - - - - Materials and supplies - 17 8 - - - - Deferred income taxes - 5 2 - - 1 - Prepayments and other - 10 14 - - 8 10 ------ ------ ------ ------ ------ ------ ------ 27 143 214 14 - 143 130 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Post- retirement benefits - - - - - - - Other 4 23 179 - - 2 43 ------ ------ ------ ------ ------ ------ ------ 4 23 179 - - 2 43 ------ ------ ------ ------ ------ ------ ------ Total Assets $2,882 $ 591 $1,847 $ 14 $ 26 $ 173 $1,025 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Assets December 31, 1998 (In Millions) (Continued from Previous Page)
CMS Inter- CMS Electric CMS company Enterprises & Gas Capital Elimina- Company Company Corp. tions Consol. Plant and Property (At Cost) Oil and gas properties $ - $ - $ - $ 670 Natural gas transmission, storage and processing - - - 342 Independent power production - - - 518 Other 324 - (2) 343 ------ ------ ------- ------ 324 - (2) 1,873 Less accumulated depreciation, depletion and amortization 23 - - 345 ------ ------ ------- ------ 301 - (2) 1,528 Construction work-in-progress - - - 106 ------ ------ ------- ------ 301 - (2) 1,634 ------ ------ ------- ------ Investments Associated companies - - (2,770) 110 Independent power production - - - 888 Natural gas transmission, storage and processing - - - 500 International energy distribution 209 - - 209 Other - - - 33 ------ ------ ------- ------ 209 - (2,770) 1,740 ------ ------ ------- ------ Current Assets Cash and temporary cash investments 3 11 - 68 Accounts receivable 51 286 (232) 627 Accrued revenues - - - 20 Materials and supplies 7 - - 32 Deferred income taxes - - - 8 Prepayments and other - - - 42 ------ ------ ------- ------ 61 297 (232) 797 ------ ------ ------- ------ Non-current Assets Postretirement benefits - - - - Other 32 114 (114) 283 ------ ------ ------- ------ 32 114 (114) 283 ------ ------ ------- ------ Total Assets $ 603 $ 411 $(3,118) $4,454 ====== ====== ======= ====== (3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc., CMS Lake Muskegon Company and Monarch Management Company consolidated with CMS Oil and Gas Company, CMS Generation Company, CMS Land Company, CMS Capital Corporation, CMS Marketing, Services and Trading Company, CMS Gas Transmission and Storage 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, 1998 (In Millions)
CMS CMS CMS CMS Gas CMS Oil and Generation Resource CMS CMS Tran. & Stor. Enterprises Gas Co. Co. Dev. Land MS & T Company Company(3) Consol. Consol. Co. Company Company Consol. Capital- ization Common Stock- holders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid- in- capital 3,124 208 1,560 7 22 86 663 Currency trans- lation (146) - (116) - - - (15) Revalua- tion capital 40 1 (7) - - - - Retained earnings (319) 70 (127) 3 - 5 8 ------ ------ ------ ------ ------ ------ ------ 2,699 279 1,310 10 22 91 656 Preferred stock 99 - - - - - - Long- term debt - 195 313 - - - 93 Non-current capital leases - - - - - - 5 ------ ------ ------ ------ ------ ------ ------ 2,798 474 1,623 10 22 91 754 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - 34 14 - - - 7 Current capital leases - 1 - - - - 1 Notes payable (3) - 27 - 1 - 103 Accounts payable 8 101 52 - - 90 67 Accounts payable- related parties 57 1 30 1 - (1) 16 Accrued interest - 1 7 - - - 1 Accrued taxes (5) (22) 4 - - 1 4 Other 2 7 31 4 - (1) 15 ------ ------ ------ ------ ------ ------ ------ 59 123 165 5 1 89 214 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postre- tirement benefits 4 5 4 - - 2 2 Deferred income taxes 21 (11) 22 (1) 3 1 34 Deferred investment tax credit - - 1 - - - - Other - - 32 - - (10) 21 ------ ------ ------ ------ ------ ------ ------ 25 (6) 59 (1) 3 (7) 57 ------ ------ ------ ------ ------ ------ ------ Total Stock- holders' Equity and Liabil- ities $2,882 $ 591 $1,847 $ 14 $ 26 $ 173 $1,025 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions) (Continued from Previous Page)
CMS Inter- CMS Electric CMS company Enterprises & Gas Capital Elimina- Company Company Corp. tions Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - Other paid-in-capital 388 10 (2,948) 3,120 Currency translation (15) - 146 (146) Revaluation capital - - 6 40 Retained earnings (15) 5 55 (315) ------ ------ ------- ------ 358 15 (2,741) 2,699 Preferred stock - - - 99 Long-term debt - 65 (114) 552 Non-current capital leases - - - 1 ------ ------ ------- ------ 358 80 (2,855) 3,355 ------ ------ ------- ------ Current Liabilities Current portion of long-term debt 65 - - 120 Current capital leases - - - 2 Notes payable 4 316 (202) 246 Accounts payable 25 2 (33) 312 Accounts payable - related parties 7 - (23) 88 Accrued interest - 8 (5) 12 Accrued taxes (4) 1 - (21) Other 14 4 - 76 ------ ------ ------- ------ 111 331 (263) 835 ------ ------ ------- ------ Non-current Liabilities Postretirement benefits 1 - - 18 Deferred income taxes 7 - - 76 Deferred investment tax credit - - - 1 Other 126 - - 169 ------ ------ ------- ------ 134 - - 264 ------ ------ ------- ------ Total Stockholders' Equity and Liabilities $ 603 $ 411 $(3,118) $4,454 ====== ====== ======= ====== (3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc., CMS Lake Muskegon Company and Monarch Management Company consolidated with CMS Oil and Gas Company, CMS Generation Company, CMS Land Company, CMS Capital Corporation, CMS Marketing, Services and Trading Company, CMS Gas Transmission and Storage 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, 1998 (In Millions)
CMS Explota- CMS NOMECO CMS CMS CMS CMS NOMECO ciones Inter- NOMECO NOMECO NOMECO Oil and Gas Alba CMS NOMECO national Ecuador Venezuela Interna. Company(4) LDC Inc. Ltd. LDC LDC Inc.Consol. Plant and Property (Suc Efforts) Oil and gas pro- perties $ 269 $ 8 $ 25 $ - $ 88 $ 50 $ 103 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 269 8 25 - 88 50 103 Less accumu- lated deprecia- tion, depletion and amort- ization 129 1 14 - 61 13 12 ------ ------ ------ ------ ------ ------ ------ 140 7 11 - 27 37 91 Con- struction work-in- progress - - - - - - - ------ ------ ------ ------ ------ ------ ------ 140 7 11 - 27 37 91 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 336 - - 126 - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 336 - - 126 - - - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash invest- ments 1 - 1 - - - 5 Accounts receivable 62 - 1 22 4 - 18 Accrued revenues 8 - 1 - 1 3 2 Materials and supplies 2 - - - 2 1 9 Deferred income taxes 5 - - - - - - Prepayments and other - - - - 1 - 3 ------ ------ ------ ------ ------ ------ ------ 78 - 3 22 8 4 37 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Post- retire- ment benefits - - - - - - - Other 4 2 - - - - 8 ------ ------ ------ ------ ------ ------ ------ 4 2 - - - - 8 ------ ------ ------ ------ ------ ------ ------ Total Assets $ 558 $ 9 $ 14 $ 148 $ 35 $ 41 $ 136 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS OIL AND GAS COMPANY Consolidating Balance Sheet - Assets December 31, 1998 (In Millions) (Continued from Previous Page)
CMS NOMECO CMS CMS Equatorial Terra CMS CMS NOMECO NOMECO Guinea Energy NOMECO NOMECO E.G. E.G. Oil & Gas Ltd., Holdings Congo LDC Ltd. Co. Consol. Ltd. Ltd. Plant and Property (Suc Efforts) Oil and gas properties $ 5 $ 36 $ - $ 77 $ - $ 9 Other - - - - - - ------ ------ ------ ------ ------ ------ 5 36 - 77 - 9 Less accumulated depreciation, depletion and amortization - 5 - 10 - - ------ ------ ------ ------ ------ ------ 5 31 - 67 - 9 Construction work-in-progress - - - - - - ------ ------ ------ ------ ------ ------ 5 31 - 67 - 9 ------ ------ ------ ------ ------ ------ Investments Associated companies - - - - 4 - Other - - - - - - ------ ------ ------ ------ ------ ------ - - - - 4 - ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - 3 - - - - Accounts receivable - 12 1 98 - - Accrued revenues - 3 - 2 - - Materials and supplies - - - 3 - - Deferred income taxes - - - - - - Prepayments and other - 5 - 1 - - ------ ------ ------ ------ ------ ------ - 23 1 104 - - ------ ------ ------ ------ ------ ------ Non-current Assets Post- retirement benefits - - - - - - Other 1 - - 8 - - ------ ------ ------ ------ ------ ------ 1 - - 8 - - ------ ------ ------ ------ ------ ------ Total Assets $ 6 $ 54 $ 1 $ 179 $ 4 $ 9 ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS OIL AND GAS COMPANY Consolidating Balance Sheet - Assets December 31, 1998 (In Millions) (Continued from Previous Page)
Inter- CMS company Oil and Gas Elimina- Company tions Consol. Plant and Property (Suc Efforts) Oil and gas properties $ - $ 670 Other - - ------ ------ - 670 Less accumulated depreciation, depletion and amortization - 245 ------ ------ - 425 Construction work-in-progress - - ------ ------ - 425 ------ ------ Investments Associated companies (466) - Other - - ------ ------ (466) - ------ ------ Current Assets Cash and temporary cash investments - 10 Accounts receivable (137) 81 Accrued revenues - 20 Materials and supplies - 17 Deferred income taxes - 5 Prepayments and other - 10 ------ ------ (137) 143 ------ ------ Non-current Assets Postretirement benefits - - Other - 23 ------ ------ - 23 ------ ------ Total Assets $ (603) $ 591 ====== ====== (4) Represents CMS Oil and Gas Company, NOMECO Thailand Oil Company, NOMECO China Oil Co. and CMS NOMECO Pipeline Company consolidated with CMS NOMECO International, Inc. and Terra Energy, Ltd. included on the equity method of accounting.
CMS OIL AND GAS COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions)
CMS Explota- CMS NOMECO CMS CMS CMS CMS NOMECO ciones Inter- NOMECO NOMECO NOMECO Oil and Gas Alba CMS NOMECO national Ecuador VenezuelaInterna. Company(4) LDC Inc. Ltd. LDC LDC Inc. Consol. Capitalization Common Stock- holders' Equity Common stock $ - $ - $ - $ 1 $ - $ - $ - Other paid- in- capital 208 8 30 172 80 43 26 Revalua- tion capital 1 - - - - - - Retained earnings 70 1 (10) (38) (30) (3) 14 ------ ------ ------ ------ ------ ------ ------ 279 9 20 135 50 40 40 Preferred stock - - - - - - - Long-term debt 192 - - - - - 1 Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 471 9 20 135 50 40 41 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long- term debt 31 - - - - - 3 Current capital leases - - - - - - - Notes payable - - - 10 - - - Accounts payable 44 - 1 - 2 1 26 Accounts payable- related parties 32 - - - - - 62 Accrued interest 3 - - 3 - - - Accrued taxes (25) - - - (1) 1 1 Other 3 - - - - - 1 ------ ------ ------ ------ ------ ------ ------ 88 - 1 13 1 2 93 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Post- retirement benefits 5 - - - - - - Deferred income taxes (5) - (7) - (16) (1) 3 Deferred investment tax credit - - - - - - - Other (1) - - - - - (1) ------ ------ ------ ------ ------ ------ ------ (1) - (7) - (16) (1) 2 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabili- ties $ 558 $ 9 $ 14 $ 148 $ 35 $ 41 $ 136 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS OIL AND GAS COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions) (Continued from Previous Page)
CMS NOMECO CMS CMS Equatorial Terra CMS CMS NOMECO NOMECO NOMECO Guinea Energy NOMECO NOMECO China E.G. E.G. Oil & Gas Ltd., Holdings Congo Oil LDC Ltd. Co. Consol. Ltd. Ltd. Co. Capitalization Common Stock- holders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid- in-capital 4 15 (4) 115 (2) 7 2 Revaluation capital - - - - - - - Retained earnings 1 3 - 28 4 1 (2) ------ ------ ------ ------ ------ ------ ------ 5 18 (4) 143 2 8 - Preferred stock - - - - - - - Long-term debt - - - 2 - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 5 18 (4) 145 2 8 - ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - 1 - - - Notes payable - 5 - - - - - Accounts payable - 12 - 14 - 1 - Accounts payable -related parties - 17 4 1 2 - - Accrued interest - - - - - - - Accrued taxes - - - 2 - - - Other - - - 3 - - - ------ ------ ------ ------ ------ ------ ------ - 34 4 21 2 1 - ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - 1 1 13 - - - Deferred investment tax credit - - - - - - - Other 1 1 - - - - - ------ ------ ------ ------ ------ ------ ------ 1 2 1 13 - - - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 6 $ 54 $ 1 $ 179 $ 4 $ 9 $ - ====== ====== ====== ====== ====== ====== ===== (Continued on Following Page)
CMS OIL AND GAS COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions) (Continued from Previous Page)
Inter- CMS company Oil and Gas Elimina- Company tions Consol. Capitalization Common Stockholders' Equity Common stock $ (1) $ - Other paid-in-capital (496) 208 Revaluation capital - 1 Retained earnings 31 70 ------ ------ (466) 279 Preferred stock - - Long-term debt - 195 Non-current capital leases - - ------ ------ (466) 474 ------ ------ Current Liabilities Current portion of long-term debt - 34 Current capital leases - 1 Notes payable (15) - Accounts payable - 101 Accounts payable - related parties (117) 1 Accrued interest (5) 1 Accrued taxes - (22) Other - 7 ------ ------ (137) 123 ------ ------ Non-current Liabilities Postretirement benefits - 5 Deferred income taxes - (11) Deferred investment tax credit - - Other - - ------ ------ - (6) ------ ------ Total Stockholders' Equity and Liabilities $ (603) $ 591 ====== ====== (4) Represents CMS Oil and Gas Company, CMS NOMECO Pipeline Company, CMS NOMECO Argentina LDC and NOMECO Thailand Oil Company consolidated with CMS NOMECO International, Inc. and Terra Energy, Ltd. included on the equity method of accounting.
CMS OIL AND GAS INTERNATIONAL, INC. Consolidating Balance Sheet - Assets December 31, 1998 (In Millions)
CMS CMS NOMECO CMS CMS NOMECO CMS CMS NOMECO Inter- NOMECO Inter- NOMECO Inter- NOMECO Inter- national Cote D' national Int'l company Inter- national Congo, Ivoire Tunisia, Cameroon, Elimina- national Inc.(5) Inc. Ltd. Inc. Inc. tions Inc. Consol. Plant and Pro- perty (Suc Efforts) Oil and gas proper- ties $ - $ 68 $ 2 $ 32 $ 1 $ - $ 103 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ - 68 2 32 1 - 103 Less accumu- lated deprec- iation, deple- tion and amortiza- tion - 11 - 1 - - 12 ------ ------ ------ ------ ------ ------ ------ - 57 2 31 1 - 91 Construct- ion work- in-pro- gress - - - - - - - ------ ------ ------ ------ ------ ------ ------ - 57 2 31 1 - 91 ------ ------ ------ ------ ------ ------ ------ Investments Assoc- iated com- panies 39 - - - - (39) - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 39 - - - - (39) - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash invest- ments 2 2 - 1 - - 5 Accounts receiv- able 66 15 - 2 - (65) 18 Accrued revenues - 1 - 1 - - 2 Materials and supplies - 8 - 1 - - 9 Prepayments and other 1 1 - 1 - - 3 ------ ------ ------ ------ ------ ------ ------ 69 27 - 6 - (65) 37 ------ ------ ------ ------ ------ ------ ------ Non- current Assets Post- retire- ment benefits - - - - - - - Other - 7 - 1 - - 8 ------ ------ ------ ------ ------ ------ ------ - 7 - 1 - - 8 ------ ------ ------ ------ ------ ------ ------ Total Assets $ 108 $ 91 $ 2 $ 38 $ 1 $ (104) $ 136 ====== ====== ====== ====== ====== ====== ====== (5) Represents CMS NOMECO International, Inc., CMS NOMECO International Equatorial Guinea, Inc. and CMS NOMECO International Transportation, Inc. consolidated.
CMS OIL AND GAS INTERNATIONAL, INC. Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions)
CMS CMS NOMECO CMS CMS NOMECO CMS CMS NOMECO Inter- NOMECO Inter- NOMECO Inter- NOMECO Inter- national Cote national Int'l company Interna. national Congo, D'Ivoire Tunisia, Cameroon,Elimina- Inc. Inc.(5) Inc. Ltd. Inc. Inc. tions Consol. Capitaliza- tion Common Stock- holders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid- in- capital 26 19 5 8 - (32) 26 Retained earnings 14 13 (4) 1 - (10) 14 ------ ------ ------ ------ ------ ------ ------ 40 32 1 9 - (42) 40 Preferred stock - - - - - - - Long-term debt - 1 - - - - 1 Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 40 33 1 9 - (42) 41 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long- term debt - 3 - - - - 3 Current capital leases - - - - - - - Notes payable - - - - - - - Accounts payable - 20 1 5 - - 26 Accounts payable- related parties 66 33 - 24 1 (62) 62 Accrued interest - - - - - - - Accrued taxes 1 - - - - - 1 Other 1 - - - - - 1 ------ ------ ------ ------ ------ ------ ------ 68 56 1 29 1 (62) 93 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Post- retire- ment benefits - - - - - - - Deferred income taxes - 2 - 1 - - 3 Deferred investment tax credit - - - - - - - Other - - - (1) - - (1) ------ ------ ------ ------ ------ ------ ------ - 2 - - - - 2 ------ ------ ------ ------ ------ ------ ------ Total Stock- holders' Equity and Liabili- ties $ 108 $ 91 $ 2 $ 38 $ 1 $(104) $ 136 ====== ====== ====== ====== ====== ====== ====== (5) Represents CMS NOMECO International, Inc., CMS NOMECO International Equatorial Guinea, Inc. and CMS NOMECO International Transportation, Inc. consolidated.
TERRA ENERGY, LTD. Consolidating Balance Sheet - Assets December 31, 1998 (In Millions)
Energy Inter- Terra Terra Acquis. company Terra Energy, Pipeline Kristen Oper. Elimina- Energy, Ltd. Co. Corp. Co. tions Ltd. Consol. Plant and Property (Suc Efforts) Oil and gas properties $ 77 $ - $ - $ - $ - $ 77 Other - - - - - - ------ ------ ------ ------ ------ ------ 77 - - - - 77 Less accumulated depreciation, depletion and amortization 10 - - - - 10 ------ ------ ------ ------ ------ ------ 67 - - - - 67 Construction work- in-progress - - - - - - ------ ------ ------ ------ ------ ------ 67 - - - - 67 ------ ------ ------ ------ ------ ------ Investments Associated companies 5 - - - (5) - Other - - - - - - ------ ------ ------ ------ ------ ------ 5 - - - (5) - ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - - - - - Accounts receivable 91 1 3 2 1 98 Accrued revenues 2 - - - - 2 Materials and supplies 3 - - - - 3 Prepayments and other 1 - - - - 1 ------ ------ ------ ------ ------ ------ 97 1 3 2 1 104 ------ ------ ------ ------ ------ ------ Non-current Assets Postretire- ment benefits - - - - - - Other 8 - - - - 8 ------ ------ ------ ------ ------ ------ 8 - - - - 8 ------ ------ ------ ------ ------ ------ Total Assets $ 177 $ 1 $ 3 $ 2 $ (4) $ 179 ====== ====== ====== ====== ====== ======
TERRA ENERGY, LTD. Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions)
Energy Inter Terra Terra Acquis. company Terra Energy, Pipeline Kristen Oper. Elimina- Energy, Ltd. Co. Corp. Co. tions Ltd. Consol. Capitalization Common Stock- holders' Equity Common stock $ - $ - $ - $ - $ - $ - Other paid- in-capital 115 - - 1 (1) 115 Retained earnings 28 - 3 1 (4) 28 ------ ------ ------ ------ ------ ------ 143 - 3 2 (5) 143 Preferred stock - - - - - - Long-term debt 2 - - - - 2 Non-current capital leases - - - - - - ------ ------ ------ ------ ------ ------ 145 - 3 2 (5) 145 ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - Current capital leases 1 - - - - 1 Notes payable - - - - - - Accounts payable 13 1 - - - 14 Accounts payable- related parties - - - - 1 1 Accrued interest - - - - - - Accrued taxes 2 - - - - 2 Other 3 - - - - 3 ------ ------ ------ ------ ------ ------ 19 1 - - 1 21 ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - Deferred income taxes 13 - - - - 13 Deferred investment tax credit - - - - - - Other - - - - - - ------ ------ ------ ------ ------ ------ 13 - - - - 13 ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 177 $ 1 $ 3 $ 2 $ (4) $ 179 ====== ====== ====== ====== ====== ======
CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 1998 (In Millions)
CMSG CMSG CMSG CMSG CMS Honey Filer CMSG Grayling CMSG Filer Generation Lake City, Grayling HoldingsOperating City Oper. Co. (6) Company Inc. Company Company Company Company Plant and Property (At Cost) Independent power production $ 1 $ - $ - $ - $ - $ - $ - Less accumulated depreciation, depletion and amortization - - - - - - - ------ ------ ------ ------ ------ ------ ------ 1 - - - - - - Construction work-in- progress 79 - - - - - - ------ ------ ------ ------ ------ ------ ------ 80 - - - - - - ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 1,213 - - - - - - Other 34 40 14 - 9 - - ------ ------ ------ ------ ------ ------ ------ 1,247 40 14 - 9 - - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments (3) - - - - 1 - Accounts receivable 43 (1) - - - 10 1 Materials and supplies - - - - - - - Deferred income taxes 2 - - - - - - Prepayments and other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 42 (1) - - - 11 1 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Postretirement benefits - - - - - - - Other 106 - - 1 - - - ------ ------ ------ ------ ------ ------ ------ 106 - - 1 - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $1,475 $ 39 $ 14 $ 1 $ 9 $ 11 $ 1 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 1998 (In Millions) (Continued from Previous Page)
Jorf Mid- CMSG CMSG HYDRA-CO Lasfar CMS CMSG Michigan Invest. Int'l. Enter- Operations Generation Recycling Recycling Co. I/II Operating prises Handelsb. S.A. Company L.L.C. Consol. Co. Consol. Plant and Property (At Cost) Inde- pendent power produc- tion $ - $ - $ - $ 3 $ - $ - $ 245 Less accumu- lated deprec- iation, depletion and amort- ization - - - 1 - - 37 ------ ------ ------ ------ ------ ------ ----- - - - 2 - - 208 Construc- tion work- in-pro- gress - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ - - - 2 - - 209 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 2 - 2 - - 2 - Other - 43 - - 600 - 88 ------ ------ ------ ------ ------ ------ ------ 2 43 2 - 600 2 88 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash invest- ments - - - - 1 - 5 Accounts receivable - 1 - 1 12 1 34 Materials and supplies - - - - - - - Deferred income taxes - - - - - - - Prepayments and other - - - - 1 - 1 ------ ------ ------ ------ ------ ------ ------ - 1 - 1 14 1 40 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Postre- tirement benefits - - - - - - - Other - - - 2 1 - 37 ------ ------ ------ ------ ------ ------ ------ - - - 2 1 - 37 ------ ------ ------ ------ ------ ------ ------ Total Assets $ 2 $ 44 $ 2 $ 5 $ 615 $ 3 $ 374 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 1998 (In Millions) (Continued from Previous Page)
CMS Oxford/ CMSG Jeguru- CMSG CMSG Morocco CMS Invest. padu Holdings Altoona CTM Operating Development Company CMSG Company Company Consol. Co. SCA L.P. III Ltd. Plant and Property (At Cost) Independent power production $ - $ - $ 266 $ - $ 2 $ - $ - Less accumu- lated deprec- iation, depletion and amortiza- tion - - 15 - - - - ------ ------ ------ ------ ------ ------ ------ - - 251 - 2 - - Construction work-in- progress - - 22 - - - - ------ ------ ------ ------ ------ ------ ------ - - 273 - 2 - - ------ ------ ------ ------ ------ ------ ------ Investments Associated companies - - - - - 25 - Other 9 - - - 6 - 17 ------ ------ ------ ------ ------ ------ ------ 9 - - - 6 25 17 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - 6 - 1 - - Accounts receivable 5 42 68 6 - - 7 Materials and supplies - - 8 - - - - Deferred income taxes - - - - - - - Prepayments and other - - 11 1 - - - ------ ------ ------ ------ ------ ------ ------ 5 42 93 7 1 - 7 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Postre- tirement benefits - - - - - - - Other - - 31 - - - 1 ------ ------ ------ ------ ------ ------ ------ - - 31 - - - 1 ------ ------ ------ ------ ------ ------ ------ Total Assets $ 14 $ 42 $ 397 $ 7 $ 9 $ 25 $ 25 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 1998 (In Millions) (Continued from Previous Page)
Inter- CMS company Generation Elimina- Company tions Consol. Plant and Property (At Cost) Independent power production $ - $ 517 Less accumulated depreciation, depletion and amortization - 53 ------- ------ - 464 Construction work-in-progress - 102 ------- ------ - 566 ------- ------ Investments Associated companies (1,216) 28 Other - 860 ------- ------ (1,216) 888 ------- ------ Current Assets Cash and temporary cash investments - 11 Accounts receivable (51) 179 Materials and supplies - 8 Deferred income taxes - 2 Prepayments and other - 14 ------- ------ (51) 214 ------- ------ Non-current Assets Postretirement benefits - - Other - 179 ------- ------ - 179 ------- ------ Total Assets $(1,267) $1,847 ======= ====== (6) Represents CMS Generation Company, CMSG Mon Valley Company, CMSG Genesee Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, CMSG Montreal Company, CMS Jorf Lasfar III LDC and OTR of Massachusetts, Inc. consolidated with HYDRA-CO Enterprises, Inc., CMS Centrales Termicas S.A., CMSG Investment Company I and CMSG Investment Company II included on the equity method of accounting.
CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions)
CMSG CMSG CMSG CMSG CMS Honey Filer CMSG Grayling CMSG Filer Generation Lake City, Grayling Holdings Operating City Oper. Co.(6) Company Inc. Company Company Company Company Capitalization Common Stock- holders' Equity Common stock $ - $ - $ - $ - $ - $ 1 $ - Other paid- in-capital 1,560 10 6 4 7 3 - Currency translation (116) - - - - - - Revaluation capital (7) - - - - - - Retained earnings (126) 18 5 (4) (3) - - ------ ------ ------ ------ ------ ------ ------ 1,311 28 11 - 4 4 - Preferred stock - - - - - - - Long-term debt 65 - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 1,376 28 11 - 4 4 - ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable 27 - - - - - - Accounts payable 24 - - 1 - 1 - Accounts payable- related parties 27 - - - - - - Accrued interest 4 - - - - - - Accrued taxes (13) 3 - - - 1 - Other 3 - - - - 4 1 ------ ------ ------ ------ ------ ------ ------ 72 3 - 1 - 6 1 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postre- tirement benefits 3 - - - - 1 - Deferred income taxes 17 7 3 - 5 - - Deferred investment tax credit - 1 - - - - - Other 7 - - - - - - ------ ------ ------ ------ ------ ------ ------ 27 8 3 - 5 1 - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $1,475 $ 39 $ 14 $ 1 $ 9 $ 11 $ 1 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions) (Continued from Previous Page)
Jorf Mid- CMSG CMSG HYDRA-CO Lasfar CMS CMSG Michigan Inv. Co. Int'l Enter- Operations Generation Recycling Recycling I/II Operating prises Handelsb. S.A. Company L.L.C. Consol. Co. Consol. Capitalization Common Stock- holders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid- in- capital - 44 3 4 632 1 207 Currency translation - - - - (113) - - Revaluation capital - - - - - - - Retained earnings 2 (2) (1) - 69 2 (65) ------ ------ ------ ------ ------ ------ ------ 2 42 2 4 588 3 142 Preferred stock - - - - - - - Long-term debt - - - - - - 183 Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 2 42 2 4 588 3 325 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - 8 Current capital leases - - - - - - - Notes payable - - - - 41 - - Accounts payable - - - - - - - Accounts payable- related parties - 2 - 1 5 - 1 Accrued interest - - - - 1 - 2 Accrued taxes - - - - 4 - 4 Other - - - - - - 18 ------ ------ ------ ------ ------ ------ ------ - 2 - 1 51 - 33 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postre- tirement benefits - - - - - - - Deferred income taxes - - - - (24) - 8 Deferred investment tax credit - - - - - - - Other - - - - - - 8 ------ ------ ------ ------ ------ ------ ------ - - - - (24) - 16 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 2 $ 44 $ 2 $ 5 $ 615 $ 3 $ 374 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet - Equity andLiabilities December 31, 1998 (In Millions) (Continued from Previous Page)
CMS Oxford/ CMSG Jeguru- CMSG CMSG Morocco CMS Invest. padu Holdings Altoona CTM Operating Development Company CMSG Company Company Consol. Co. SCA L.P. III Ltd. Capitalization Common Stock- holders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid- in- capital 12 39 242 - 9 24 24 Currency translation - - - - - (3) (3) Revaluation capital - - - - - - - Retained earnings (7) 3 (1) 2 - 3 4 ------ ------ ------ ------ ------ ------ ------ 5 42 241 2 9 24 25 Preferred stock - - - - - - - Long-term debt - - 65 - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------- ------ ------ 5 42 306 2 9 24 25 ------ ------ ------ ------ ------ ----- ------ Current Liabilities Current portion of long-term debt - - 6 - - - - Current capital leases - - - - - - - Notes payable - - - - - - - Accounts payable - - 62 1 - - - Accounts payable- related parties - - 2 1 - - - Accrued interest - - 1 - - - - Accrued taxes - - 2 3 - - - Other - - 5 - - - - ------ ------ ------ ------ ------ ------ ------ - - 78 5 - - - ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postre- tirement benefits - - - - - - - Deferred income taxes 4 - 1 - - 1 - Deferred investment tax credit - - - - - - - Other 5 - 12 - - - - ------ ------ ------ ------ ------ ------ ------ 9 - 13 - - 1 - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 14 $ 42 $ 397 $ 7 $ 9 $ 25 $ 25 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions) (Continued from Previous Page)
Inter- CMS company Generation Elimina- Company tions Consol. Capitalization Common Stockholders' Equity Common stock $ (1) $ - Other paid-in-capital (1,271) 1,560 Currency translation 119 (116) Revaluation capital - (7) Retained earnings (26) (127) ------- ------ (1,179) 1,310 Preferred stock - - Long-term debt - 313 Non-current capital leases - - ------- ------ (1,179) 1,623 ------- ------ Current Liabilities Current portion of long-term debt - 14 Current capital leases - - Notes payable (41) 27 Accounts payable (37) 52 Accounts payable - related parties (9) 30 Accrued interest (1) 7 Accrued taxes - 4 Other - 31 ------- ------ (88) 165 ------- ------ Non-current Liabilities Postretirement benefits - 4 Deferred income taxes - 22 Deferred investment tax credit - 1 Other - 32 ------- ------ - 59 ------- ------ Total Stockholders' Equity and Liabilities $(1,267) $1,847 ======= ====== (6) Represents CMS Generation Company, CMSG Mon Valley Company, CMSG Genesee Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, CMSG Montreal Company, CMS Jorf Lasfar III LDC, Oxford Tire Supply, Inc. and OTR of Massachusetts, Inc. consolidated with HYDRA-CO Enterprises, Inc., CMS Centrales Termicas S.A., CMSG Investment Company I and CMSG Investment Company II included on the equity method of accounting.
HYDRA-CO ENTERPRISES,INC. Consolidating Balance Sheet - Assets December 31,1998 (In Millions)
HYDRO-CO CMS New HCE HCE Enter- Generation HCE Bern HCE Rockfort Lake- prises Oper. Co. Appomatox Energy Hudson,Diesel, wood Inc.(7) II Inc. Rec. Inc. Inc. Inc. Inc. Plant and Property (At Cost) Independent power production $ - $ - $ - $ - $ - $ - $ - Less accumulated depreciation, depletion and amortization - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - Construction work-in- progress - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 74 - - - - - - Other 59 - - 2 8 17 1 ------ ------ ------ ------ ------ ------ ------ 133 - - 2 8 17 1 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - 1 - - - - - Accounts receivable 7 6 - - 3 1 - Materials and supplies - - - - - - - Prepayments and other 1 - - - - - - ------ ------ ------ ------ ------ ------ ------
HYDRA-CO ENTERPRISES, INC. Consolidating Balance Sheet - Assets December 31, 1998 (In Millions) (Continued from Previous Page)
HCE Inter- HYDRA-CO Lakewood Imperial CMSG company Enter- Cogen. Valley, Stratton Elimina- prises L.P. Inc. Co. tions Consol. Plant and Property (At Cost) Independent power production $ 245 $ - $ - $ - $ 245 Less accumulated depreciation, depletion and amortization 37 - - - 37 ------ ------ ------ ------ ------ 208 - - - 208 Construction work-in- progress 1 - - - 1 ------ ------ ------ ------ ------ 209 - - - 209 ------ ------ ------ ------ ------ Investments Associated companies - - - (74) - Other - 1 - - 88 ------ ------ ----- ------ ------ - 1 - (74) 88 ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 2 - 2 - 5 Accounts receivable 21 1 2 (7) 34 Materials and supplies - - - - - Prepayments and other - - - - 1 ------ ------ ------ ------ ------ 23 1 4 (7) 40 ------ ------ ------ ------ ------ Non-current Assets Postretirement benefits - - - - - Other 2 - - - 37 ------ ------ ------ ------ ------ 2 - - - 37 ------ ------ ------ ------ ------ Total Assets $ 234 $ 2 $ 4 $ (81) $ 374 ====== ====== ====== ====== ====== (7) Represents HYDRA-CO Enterprises, Inc. and HCE Jamaica Development, Inc. consolidated.
HYDRO-CO ENTERPRISES, INC. Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions)
HYDRO-CO CMS New HCE Enter- Generation HCE Bern HCE Rockfort HCE prises Oper. Co. Appomatox Energy Hudson, Diesel, Lakewood Inc.(7) II Inc. Rec. Inc. Inc. Inc. Inc. Capitalization Common Stock- holders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid- in- capital 201 5 2 - 9 19 1 Currency translation - - - - - - - Revaluation capital - - - - - - - Retained earnings (65) (1) - 1 3 1 - ------ ------ ------ ------ ------ ------ ------ 136 4 2 1 12 20 1 Preferred stock - - - - - - - Long-term debt - - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 136 4 2 1 12 20 1 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable - - - - - - - Accounts payable - - - - - - - Accounts payable - related parties 4 3 - - - - - Accrued interest 2 - - - - - - Accrued taxes 6 - - 1 - - - Other 12 3 - - - - - ------ ------ ------ ------ ------ ------ ------ 24 6 - 1 - - - ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postre- tirement benefits - - - - - - - Deferred income taxes 6 - - - 1 1 - Deferred investment tax credit - - - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 6 - - - 1 1 - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 166 $ 10 $ 2 $ 2 $ 13 $ 21 $ 1 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
HYDRO-CO ENTERPRISES, INC. Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions) (Continued from Previous Page)
HCE Inter- HYDRA-CO Lakewood Imperial CMSG company Enter- Cogen. Valley, Stratton Elimina- prises L.P. Inc. Co. tions Consol. Capitalization Common Stock- holders' Equity Common stock $ - $ - $ - $ - $ - Other paid- in-capital 32 2 20 (84) 207 Currency translation - - - - - Revaluation capital - - - - - Retained earnings 1 - (15) 10 (65) ------ ------ ------ ------ ------ 33 2 5 (74) 142 Preferred stock - - - - - Long-term debt 183 - - - 183 Non-current capital leases - - - - - ------ ------ ------ ------ ------ 216 2 5 (74) 325 ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt 8 - - - 8 Current capital leases - - - - - Notes payable - - - - - Accounts payable - - - - - Accounts payable- related parties 1 - - (7) 1 Accrued interest - - - - 2 Accrued taxes - - (3) - 4 Other 1 - 2 - 18 ------ ------ ------ ------ ------ 10 - (1) (7) 33 ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - Deferred income taxes - - - - 8 Deferred investment tax credit - - - - - Other 8 - - - 8 ------ ------ ------ ------ ------ 8 - - - 16 ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 234 $ 2 $ 4 $ (81) $ 374 ====== ====== ====== ====== ====== (7) Represents HYDRA-CO Enterprises, Inc. and HCE Jamaica Development, Inc. consolidated.
CMS CENTRALES TERMICAS S.A Consolidating Balance Sheet - Assets December 31, 1998 (In Millions)
Centrales Inter- CMS Cuyana Termicas CMS company Operating S.A. de Mendoza Ensenada Elimina- CTM S.A. Inversiones S.A. S.A. tions Consol. Plant and Property (At Cost) Independent power production $ 4 $ - $ 188 $ 74 $ - $ 266 Less accumulated depreciation, depletion and amortization - - 10 5 - 15 ------ ------ ------ ------ ------- ------ 4 - 178 69 - 251 Construction work-in- progress - - 22 - - 22 ------ ------ ------ ------ ------- ------ 4 - 200 69 - 273 ------ ------ ------ ------ ------- ------ Investments Associated companies 234 234 - - (468) - Other - - - - - - ------ ------ ------ ------ ------- ------ 234 234 - - (468) - ------ ------ ------ ------ ------- ------ Current Assets Cash and temporary cash investments - - 1 5 - 6 Accounts receivable 4 - 39 26 (1) 68 Materials and supplies - - 8 - - 8 Deferred income taxes - - - - - - Prepayments and other 1 - 10 - - 11 ------ ------ ------ ------ ------- ------ 5 - 58 31 (1) 93 ------ ------ ------ ------ ------- ------ Non-current Assets Postretirement benefits - - - - - - Other - - 13 18 - 31 ------ ------ ------ ------ ------- ------ - - 13 18 - 31 ------ ------ ------ ------ ------- ------ Total Assets $ 243 $ 234 $ 271 $ 118 $ (469) $ 397 ====== ====== ====== ====== ======= ======
CMS CENTRALES TERMICAS S.A Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions)
Centrales Inter- CMS Cuyana Termicas CMS company Operating S.A. de Mendoza Ensenada Elimina- CTM S.A. Inversiones S.A. S.A. tions Consol. Capitalization Common Stock- holders' Equity Common stock $ - $ - $ - $ - $ - $ - Other paid-in- capital 242 234 231 38 (503) 242 Currency translation - - - - - - Revaluation capital - - - - - - Retained earnings (1) - 3 (2) (1) (1) ------ ------ ------ ------ ------- ------ 241 234 234 36 (504) 241 Preferred stock - - - - - - Long-term debt - - - 65 - 65 Non-current capital leases - - - - - - ------ ------ ------ ------ ------- ------ 241 234 234 101 (504) 306 ------ ------ ------ ------ ------- ------ Current Liabilities Current portion of long-term debt - - - 6 - 6 Current capital leases - - - - - - Notes payable - - - - - - Accounts payable - - 19 7 36 62 Accounts payable- related parties 2 - 1 - (1) 2 Accrued interest - - - 1 - 1 Accrued taxes - - 3 (1) - 2 Other - - 3 2 - 5 ------ ------ ------ ------ ------- ------ 2 - 26 15 35 78 ------ ------ ------ ------ ------- ------ Non-current Liabilities Postretirement benefits - - - - - - Deferred income taxes - - 1 - - 1 Deferred investment tax credit - - - - - - Other - - 10 2 - 12 ------ ------ ------ ------ ------- ------ - - 11 2 - 13 ------ ------ ------ ------ ------- ------ Total Stock- holders' Equity and Liabilities $ 243 $ 234 $ 271 $ 118 $ (469) $ 397 ====== ====== ====== ====== ======= ======
CMS GENERATION INVESTMENT COMPANY I/II Consolidating Balance Sheet - Assets December 31, 1998 (In Millions)
Jeguru- CMSG CMSG CMSG CMSG padu CMSG CMSG Loy Yang Loy Yang Jorf Inv. Co. O&M Co. Pinamucan Cebu Holdings Holdings Lasfar I/II(8) Mauritius LDC LDC 1 Ltd. 2 Ltd. I LDC Plant and Property (At Cost) Independent power production $ - $ - $ - $ - $ - $ - $ - Less accumulated depreciation, depletion and amortization - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - Construction work-in- progress - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 186 - - - - - 26 Other 119 8 6 14 192 195 - ------ ------ ------ ------ ------ ------ ------ 305 8 6 14 192 195 26 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 1 - - - - - - Accounts receivable 324 - 2 3 3 2 - Materials and supplies - - - - - - - Deferred income taxes - - - - - - - Prepayments and other - - 1 - - - - ------ ------ ------ ------ ------ ------ ------ 325 - 3 3 3 2 - ------ ------ ------ ------ ------ ------ ------ Non-current Assets Postretirement benefits - - - - - - - Other 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $ 631 $ 8 $ 9 $ 17 $ 195 $ 197 $ 26 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION INVESTMENT COMPANY I/II Consolidating Balance Sheet - Assets December 31, 1998 (In Millions) (Continued from Previous Page)
CMSG Jorf Jorf Inter- CMSG Jorf Lasfar Jorf Lasfar CMSG company Investment Lasfar Handels- Lasfar Power Taweelah Elimina- Co. I/II II Ltd. bolag I HB Energy HB Ltd. tions Consol. Plant and Property (At Cost) Independent power production $ - $ - $ - $ - $ - $ - $ - Less accumulated depreciation, depletion and amortization - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - Construction work-in- progress - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 26 - - - - (238) - Other - 2 26 24 14 - 600 ------ ------ ------ ------ ------ ------ ------ 26 2 26 24 14 (238) 600 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - - - - - 1 Accounts receivable - - - - - (322) 12 Materials and supplies - - - - - - - Deferred income taxes - - - - - - - Prepayments and other - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ - - - - - (322) 14 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Postre- tirement benefits - - - - - - - Other - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ Total Assets $ 26 $ 2 $ 26 $ 24 $ 14 $ (560) $ 615 ====== ====== ====== ====== ====== ====== ====== (8) Represents CMSG Investment Company I and CMSG Investment Company II consolidated.
CMS GENERATION INVESTMENT COMPANY I/II Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions)
Jeguru- CMSG CMSG CMSG CMSG padu CMSG CMSG Loy Yang Loy Yang Jorf Inv. Co. O&M Co. Pinamucan Cebu Holdings Holdings Lasfar I/II(8) Mauritius LDC LDC 1 Ltd. 2 Ltd. I LDC Capitalization Common Stock- holders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in- capital 632 8 10 17 122 123 - Currency translation (113) - - (5) (54) (54) - Revaluation capital - - - - - - - Retained earnings 69 - (2) 3 (23) (23) 25 ------ ------ ------ ------ ------ ------ ------ 588 8 8 15 45 46 25 Preferred stock - - - - - - - Long-term debt - - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 588 8 8 15 45 46 25 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable 41 - - - 160 161 - Accounts payable - - - - - - - Accounts payable - related parties 1 - 1 2 - - 1 Accrued interest 1 - - - - - - Accrued taxes - - - - 2 2 - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 43 - 1 2 162 163 1 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postre- tirement benefits - - - - - - - Deferred income taxes - - - - (12) (12) - Deferred investment tax credit - - - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - (12) (12) - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 631 $ 8 $ 9 $ 17 $ 195 $ 197 $ 26 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION INVESTMENT COMPANY I/II Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions) (Continued from Previous Page)
CMSG Jorf Jorf Inter- CMSG Jorf Lasfar Jorf Lasfar CMSG company Investment Lasfar Handels- Lasfar Power Taweelah Elimina- Co. I/II II Ltd. bolag I HB Energy HB Ltd. tions Consol. Capitalization Common Stock- holders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in- capital - - - - 14 (294) 632 Currency translation - - - - - 113 (113) Revaluation capital - - - - - - - Retained earnings 25 2 26 24 - (57) 69 ------ ------ ------ ---- ------ ----- ------ 25 2 26 24 14 (238) 588 Preferred stock - - - - - - - Long-term debt - - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ----- ------ ------ ------ 25 2 26 24 14 (238) 588 ------ ------ ------ ----- ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable - - - - - (321) 41 Accounts payable - - - - - - - Accounts payable - related parties 1 - - - - (1) 5 Accrued interest - - - - - - 1 Accrued taxes - - - - - - 4 Other - - - - - - - ------ ------ ------ ----- ------ ------ ------ 1 - - - - (322) 51 ------ ------ ------ ----- ------ ------ ------ Non-current Liabilities Postre- tirement benefits - - - - - - - Deferred income taxes - - - - - - (24) Deferred investment tax credit - - - - - - - Other - - - - - - - ------ ------ ------ ----- ------ ------ ------ - - - - - - (24) ------ ------ ------ ----- ------ ------ ------ Total Stockholders' Equity and Liabilities $ 26 $ 2 $ 26 $ 24 $ 14 $ (560) $ 615 ====== ====== ====== ===== ====== ====== ====== (8) Represents CMSG Investment Company I and CMSG Investment Company II consolidated.
CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Balance Sheet - Assets December 31, 1998 (In Millions)
CMS Gas CMS CMS CMS Gas CMS CMS Transmission CMS Saginaw Saginaw Transmission Gas Jackson & Storage Antrim Bay Bay Lat. del Sur Argentina Pipeline Company(9) Company Company Company Company Company Company Plant and Property (At Cost) Natural gas trans- mission, storage and pro- cessing $ - $ 52 $ - $ - $ - $ - $ 10 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ - 52 - - - - 10 Less accumu- lated depreciation, depletion and amortiz- ation - 10 - - - - 2 ------ ------ ------ ------ ------ ------ ------ - 42 - - - - 8 Construction work-in- progress 2 - - - - - - ------ ------ ------ ------ ------ ------ ------ 2 42 - - - - 8 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 493 - - - - - - Other 105 - 11 2 27 162 - ------ ------ ------ ------ ------ ------ ------ 598 - 11 2 27 162 - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - - - - - 1 Accounts receivable 133 10 - - - - 1 Materials and supplies - - - - - - - Prepayments and other 6 1 - - - - - ------ ------ ------ ------ ------ ------ ------ 139 11 - - - - 2 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Postre- tirement benefits - - - - - - - Other 31 - - - - - - ------ ------ ------ ------ ------ ------ ------ 31 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $ 770 $ 53 $ 11 $ 2 $ 27 $ 162 $ 10 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Balance Sheet - Assets December 31, 1998 (In Millions) (Continued from Previous Page)
CMS CMS Con- CMS CMS Gas CMS CMS Marysville CMS tinential Energy Trans. of Goldfields Grand Lacs Gas Liquids Methanol Nat. Gas, Chile Australia Gas Trans. Holding Company Company Inc. Limitada Trust Aust. Pty. Company Plant and Property (At Cost) Natural gas trans- mission, storage and pro- cessing $ 3 $ - $ 172 $ - $ 41 $ - $ 29 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 3 - 172 - 41 - 29 Less accumu- lated deprecia- tion, depletion and amor- tization - - 2 - 3 - 5 ------ ------ ------ ------ ------ ------ ------ 3 - 170 - 38 - 24 Construc- tion work- in-progress - - - - 1 - 1 ------ ------ ------ ------ ------ ------ ------ 3 - 170 - 39 - 25 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies - - - - - - - Other 15 22 - 70 - 114 - ------ ------ ------ ------ ------ ------ ------ 15 22 - 70 - 114 - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash invest- ments - - 19 - 3 - - Accounts receivable 4 - 32 - 22 - 3 Materials and supplies - - - - - - - Prepayments and other 1 - 2 - - - - ------ ------ ------ ------ ------ ------ ------ 5 - 53 - 25 - 3 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Postretire- ment benefits - - - - - - - Other 11 - - - - - 1 ------ ------ ------ ------ ------ ------ ------ 11 - - - - - 1 ------ ------ ------ ------ ------ ------ ------ Total Assets $ 34 $ 22 $ 223 $ 70 $ 64 $ 114 $ 29 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Balance Sheet - Assets December 31, 1998 (In Millions) (Continued from Previous Page)
Cherokee Inter- CMS Gas Gas company Tran. & Stor. Processing Elimina- Company L.L.C. tions Consol. Plant and Property (At Cost) Natural gas transmission, storage and processing $ 35 $ - $ 342 Other - - - ------ ------ ------ 35 - 342 Less accumulated depreciation, depletion and amortization - - 22 ------ ------ ------ 35 - 320 Construction work-in-progress - - 4 ------ ------ ------ 35 - 324 ------ ------ ------ Investments Associated companies - (493) - Other - - 528 ------ ------ ------ - (493) 528 ------ ------ ------ Current Assets Cash and temporary cash investments - - 23 Accounts receivable 4 (112) 97 Materials and supplies - - - Prepayments and other - - 10 ------ ------ ------ 4 (112) 130 ------ ------ ------ Non-current Assets Postretirement benefits - - - Other - - 43 ------ ------ ------ - - 43 ------ ------ ------ Total Assets $ 39 $ (605) $1,025 ====== ====== ====== (9) Represents CMS Gas Transmission and Storage Company, Petal Gas Storage Company and Grand Lacs Limited Partnership consolidated.
CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions)
CMS Gas CMS CMS CMS Gas CMS CMS Transmission CMS Saginaw Saginaw Transmission Gas Jackson & Storage Antrim Bay Bay Lat. del Sur Argentina Pipeline Company(9) Company Company Company Company Company Company Capitalization Common Stock- holders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid- in- capital 663 - 10 3 27 137 2 Currency trans- lation (15) - - - - - - Retained earnings 8 1 (1) (1) - 25 1 ------ ------ ------ ------ ------ ------ ------ 656 1 9 2 27 162 3 Preferred stock - - - - - - - Long- term debt - 39 - - - - 4 Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 656 40 9 2 27 162 7 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long- term debt - 6 - - - - 1 Current capital leases - - - - - - - Notes payable 92 - - - - - - Accounts payable 1 - - - - - - Accounts payable - related parties 5 - - - - - - Accrued interest 1 - - - - - - Accrued taxes (2) 1 - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 97 7 - - - - 1 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretire- ment benefits 2 - - - - - - Deferred income taxes 15 6 2 - - - 1 Deferred investment tax credit - - - - - - - Other - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ 17 6 2 - - - 2 ------ ------ ------ ------ ------ ------ ------ Total Stock- holders' Equity and Liabili- ties $ 770 $ 53 $ 11 $ 2 $ 27 $ 162 $ 10 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions)
CMS CMS Con- CMS CMS Gas CMS CMS Marysville CMS tinential Energy Trans. of Goldfields Grand Lacs Gas Liquids Methanol Nat. Gas, Chile Australia Gas Trans. Holding Company Company Inc. Limitada Trust Aust. Pty. Company Capital- ization Common Stock- holders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid- in- capital 31 22 86 70 67 - 28 Currency transla- tion - - - - (13) (2) - Retained earnings 1 - (2) - 6 - (1) ------ ------ ------ ------ ------ ------ ------ 32 22 84 70 60 (2) 27 Preferred stock - - - - - - - Long-term debt - - 50 - - - - Non-current capital leases - - 5 - - - - ------ ------ ------ ------ ------ ------ ------ 32 22 139 70 60 (2) 27 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long- term debt - - - - - - - Curren capital leases - - 1 - - - - Notes payable - - 6 - - 116 - Accounts payable 1 - 33 - 1 - - Accounts payable - related parties - - 11 - - - - Accrued interest - - - - - - - Accrued taxes 1 - - - 3 - 1 Other - - 14 - - - - ------ ------ ------ ------ ------ ------ ------ 2 - 65 - 4 116 1 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretire- ment benefits - - - - - - - Deferred income taxes - - 9 - - - 1 Deferred investment tax credit - - - - - - - Other - - 10 - - - - ------ ------ ------ ------ ------ ------ ------ - - 19 - - - 1 ------ ------ ------ ------ ------ ------ ------ Total Stock- holders' Equity and Liabili- ties $ 34 $ 22 $ 223 $ 70 $ 64 $ 114 $ 29 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1998 (In Millions) (Continued from Previous Page)
Cherokee Inter- CMS Gas Gas company Tran. & Stor. Processing Elimina- Company L.L.C. tions Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - Other paid-in-capital 23 (506) 663 Currency translation - 15 (15) Retained earnings 4 (33) 8 ------ ------ ------ 27 (524) 656 Preferred stock - - - Long-term debt - - 93 Non-current capital leases - - 5 ------ ------ ------ 27 (524) 754 ------ ------ ------ Current Liabilities Current portion of long-term debt - - 7 Current capital leases - - 1 Notes payable - (111) 103 Accounts payable 1 30 67 Accounts payable - related parties - - 16 Accrued interest - - 1 Accrued taxes - - 4 Other 1 - 15 ------ ------ ------ 2 (81) 214 ------ ------ ------ Non-current Liabilities Postretirement benefits - - 2 Deferred income taxes - - 34 Deferred investment tax credit - - - Other 10 - 21 ------ ------ ------ 10 - 57 ------ ------ ------ Total Stockholders' Equity and Liabilities $ 39 $ (605) $1,025 ====== ====== ====== (9) Represents CMS Gas Transmission and Storage Company, Petal Gas Storage Company and Grand Lacs Limited Partnership consolidated.
CMS ENERGY CORPORATION Consolidating Statement of Retained Earnings December 31, 1998 (In Millions)
Consumers CMS Inter- Energy Enterprises company CMS Energy CMS Energy Company Company Elimina- Corporation Corp.(1) Consol. Consol. tions Consol. Balance at January 1, 1998 $ (379) $ 363 $ (320) $ (43) $ (379) Net Income (Loss) 305 349 98 (416) 336 Less Dividends Paid Common Stock - CMS Energy 129 - - - 129 Class G 11 - - - 11 Preferred Stock - 19 10 (10) 19 Preferred Securities Distribution 14 18 - - 32 Associated Companies 6 241 83 (330) - ------ ------ ------ ------ ------ 160 278 93 (340) 191 ------ ------ ------ ------ ------ Balance at December 31, 1998 $ (234) $ 434 $ (315) $ (119) $ (234) ====== ====== ====== ====== ====== (1) Represents CMS Energy Corporation with Consumers Energy Company and CMS Enterprises Company included on the equity method of accounting.
CONSUMERS ENERGY COMPANY Consolidating Statement of Retained Earnings December 31, 1998 (In Millions)
Michigan Huron CMS Inter- Consumers Consumers Gas Hydro- Midland CMS company Power Energy Storage carbons Holdings Midland Elimina- Company Company(2) Company Inc. Company Inc. tions Consol. Balance at January 1, 1998 $ 364 $ 24 $ 2 $ 23 $ 47 $ (95) $ 363 Net Income (Loss) 349 2 1 9 25 (37) 349 Less Dividends Paid Common Stock - - - - - - - Preferred Stock 19 - - - - - 19 Preferred Securities Distribu- tion 18 - - - - - 18 Associated Companies 242 - - - - (1) 241 ------ ------ ------ ------ ------ ------ ------ 279 - - - - (1) 278 ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1998 $ 434 $ 26 $ 3 $ 32 $ 72 $ (133) $ 434 ====== ====== ====== ====== ====== ====== ====== (2) Represents Consumers Energy Company, CMS Engineering Company, Consumers EnergyGuard Services, Inc. and ES Services Company consolidated with Michigan Gas Storage Company, CMS Midland Holdings Company, CMS Midland, Inc. and Huron Hydrocarbons, Inc. included on the equity method of accounting.
CMS ENTERPRISES COMPANY Consolidating Statement of Retained Earnings December 31, 1998 (In Millions)
CMS CMS CMS CMS CMS Gas CMS Oil and Generation Resource Electric CMS Tran. & Stor. Enterprises Gas Co. Company Dev. & Gas MS & T Company Company(3) Consol. Consol. Co. Company Company Consol. Balance at January 1, 1998 $ (324) $ 64 $(153) $ 3 $ (2) $ 3 $ 8 Net Income (Loss) 98 6 74 - (13) 2 22 Less Dividends Paid Common Stock - - - - - - - Preferred Stock 10 - - - - - - Associated Companies 83 - 48 - - - 22 ------ ------ ------ ------ ------ ------ ------ 93 - 48 - - - 22 ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1998 $ (319) $ 70 $(127) $ 3 $ (15) $ 5 $ 8 ====== ====== ===== ====== ====== ====== ====== (Continued on Following Page)
CMS ENTERPRISES COMPANY Consolidating Statement of Retained Earnings December 31, 1998 (In Millions) (Continued from Previous Page)
Inter- CMS CMS CMS company Enterprises Land Capital Elimina- Company Company Corp. tions Consol. Balance at January 1, 1998 $ 8 $ 1 $ 72 $ (320) Net Income (Loss) 5 4 (100) 98 Less Dividends Paid Common Stock - - - - Preferred Stock - - - 10 Associated Companies 13 - (83) 83 ------ ------ ------ ------ 13 - (83) 93 ------ ------ ------ ------ Balance at December 31, 1998 $ - $ 5 $ 55 $ (315) ====== ====== ====== ====== (3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc., CMS Lake Muskegon Company and Monarch Management Company consolidated with CMS Oil and Gas Company, CMS Generation Company, CMS Land Company, CMS Capital Corporation, CMS Marketing, Services and Trading Company, CMS Gas Transmission and Storage 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, 1998 (In Millions)
CMS CMS NOMECO CMS CMS NOMECO CMS CMS CMS NOMECO Inter- NOMECO Eq. Guinea NOMECO NOMECO Oil and Gas Congo national Ecuador Oil & Gas Holdings E.G. Company(4) Ltd. Ltd. LDC Co. Ltd. LDC Balance at January 1, 1998 $ 64 $ - $ (44) $ (33) $ - $ 4 $ 1 Net Income (Loss) 6 1 6 3 - - - Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1998 $ 70 $ 1 $ (38) $ (30) $ - $ 4 $ 1 ====== ====== ===== ====== ====== ====== ====== (Continued on Following Page)
CMS OIL AND GAS COMPANY Consolidating Statement of Retained Earnings December 31, 1998 (In Millions) (Continued from Previous Page)
CMS Explota- Terra CMS CMS CMS NOMECO NOMECO ciones Energy, NOMECO NOMECO NOMECO E.G. China Oil CMS NOMECO Ltd. Interna. Venezuela Alba Ltd. Company Inc. Consol. Inc. Consol. LDC LDC Balance at January 1, 1998 $ - $ (2) $ (10) $ 22 $ 21 $ (3) $ 1 Net Income (Loss) 3 - - 6 (7) - - Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1998 $ 3 $ (2) $ (10) $ 28 $ 14 $ (3) $ 1 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS OIL AND GAS COMPANY Consolidating Statement of Retained Earnings December 31, 1998 (In Millions) (Continued from Previous Page)
Inter- CMS company Oil and Gas Elimina- Company tions Consol. Balance at January 1, 1998 $ 43 $ 64 Net Income (Loss) (12) 6 Less Dividends Paid Common Stock - - Preferred Stock - - Associated Companies - - ------ ------ - - ------ ------ Balance at December 31, 1998 $ 31 $ 70 ====== ====== (4) Represents CMS Oil and Gas Company and CMS NOMECO Pipeline Company consolidated with CMS NOMECO International, Inc. and Terra Energy, Ltd. included on the equity method of accounting.
CMS OIL AND GAS INTERNATIONAL, INC. Consolidating Statement of Retained Earnings December 31, 1998 (In Millions)
CMS CMS CMS NOMECO CMS CMS NOMECO Oil & Gas Inter- NOMECO NOMECO, Int'l Inter- CMS Inter- national Inter Eq. Int'l Cote company NOMECO national Congo, Guinea, Tunisia D'Ivoire Elimina- Inter.Inc. Inc. (5) Inc. Inc. Inc. Inc. ions Consol. Balance at January 1, 1998 $ 21 $ 14 $ (1) $ 1 $ - $ (14) $ 21 Net Income (Loss) (7) (1) 1 - (4) 4 (7) Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - - - - - - - ------ ------ ------ ------ ----- ------ ------ - - - - - - - ------ ------ ------ ------ ----- ------ ------ Balance at December 31, 1998 $ 14 $ 13 $ - $ 1 $ (4) $ (10) $ 14 ====== ====== ====== ====== ====== ====== ====== (5) Represents CMS NOMECO International, Inc., CMS NOMECO International Cameroon, Inc. and CMS NOMECO International Transportation, Inc. consolidated.
TERRA ENERGY, LTD. Consolidating Statement of Retained Earnings December 31, 1998 (In Millions)
Energy Inter- Terra Terra Acquis. company Terra Energy, Pipeline Kristen Oper. Elimina- Energy, Ltd. Co. Corp. Co. tions Ltd. Consol. Balance at January 1, 1998 $ 22 $ - $ 3 $ 1 $ (4) $ 22 Net Income 6 - - - - 6 Less Dividends Paid Common Stock - - - - - - Preferred Stock - - - - - - Associated Companies - - - - - - ------ ------ ------ ------ ------ ------ - - - - - - ------ ------ ------ ------ ------ ------ Balance at December 31, 1998 $ 28 $ - $ 3 $ 1 $ (4) $ 28 ====== ====== ====== ====== ====== ======
CMS GENERATION COMPANY Consolidating Statement of Retained Earnings December 31, 1998 (In Millions)
CMSG CMSG CMSG CMSG CMS Honey Filer CMSG Grayling CMSG Int'l Generation Lake City Holdings Holdings Recycling Operating Co.(6) Company Inc. Company Company Company Company Balance at January 1, 1998 $ (153) $ 12 $ 4 $ (12) $ (2) $ - $ - Net Income (Loss) 75 6 2 10 1 - 2 Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies 48 - 1 5 2 1 - ------ ------ ------ ------ ------ ------ ------ 48 - 1 5 2 1 - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1998 $ (126) $ 18 $ 5 $ (7) $ (3) $ (1) $ 2 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Statement of Retained Earnings December 31, 1998 (In Millions) (Continued from Previous Page)
HYDRA-CO Jorf CMS CMSG CMS Enter- Lasfar CMSG Morocco Inv. Co. Generation prises CTM Operations Grayling Operating I/II S.A. Consol. Consol. Handelsb. Company Co. SCA Consol. Balance at January 1, 1998 $ (1) $ (51) $ (1) $ - $ (3) $ - $ 12 Net Income (Loss) (1) 22 - 2 - 2 57 Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - 36 - - 1 - - ------ ------ ------ ------ ------ ------ ------ - 36 - - 1 - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1998 $ (2) $ (65) $ (1) $ 2 $ (4) $ 2 $ 69 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION COMPANY Consolidating Statement of Retained Earnings December 31, 1998 (In Millions) (Continued from Previous Page)
Jeguru- CMS Inter- CMS padu CMSG Generation company Generation CMSG Altoona Inv. Co. Elimina- Company Ltd. Company III tions Consol. Balance at January 1, 1998 $ 1 $ 1 $ 1 $ 39 $ (153) Net Income (Loss) 3 2 2 (111) 74 Less Dividends Paid Common Stock - - - - - Preferred Stock - - - - - Associated Companies - - - (46) 48 ------ ------ ------ ------ ------ - - - (46) 48 ------ ------ ------ ------ ------ Balance at December 31, 1998 $ 4 $ 3 $ 3 $ (26) $ (127) ====== ====== ====== ====== ====== (6) Represents CMS Generation Company, CMSG GP Company, CMSG Filer City Operating Company, CMSG Mon Valley Company, CMSG Genesee Company, CMSG Operating Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, Mid-Michigan Recycling L.L.C., CMSG Montreal Company, Oxford Tire Supply, Inc., OTR of Massachusetts, Inc., Oxford/CMS Development L.P. and CMS Jorf Lasfar III LDC consolidated with HYDRA-CO Enterprises, Inc., CMS Centrales Termicas S.A., CMSG Investment Company I and CMSG Investment Company II included on the equity method of accounting.
HYDRA-CO ENTERPRISES, INC. Consolidating Statement of Retained Earnings December 31, 1998 (In Millions)
HYDRA-CO CMS New HCE Enter- HCE Generation Bern Rockfort CMSG Lakewood prises, Hudson, Oper. Co. Project Diesel, Stratton Cogen. Inc.(7) Inc. II Mgt.Inc. Inc. Co. L.P. Balance at January 1, 1998 $ (51) $ 2 $ (2) $ 1 $ 1 $ - $ - Net Income (Loss) 22 1 1 - - 13 1 Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies 36 - - - - 28 - ------ ------ ------ ------ ------ ------ ------ 36 - - - - 28 - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1998 $ (65) $ 3 $ (1) $ 1 $ 1 $ (15) $ 1 ====== ====== ====== ====== ====== ====== ====== (Continued on Following Page)
HYDRA-CO ENTERPRISES, INC. Consolidating Statement of Retained Earnings December 31, 1998 (In Millions) (Continued from Previous Page)
Inter- HYDRO-CO Company Enter- Elimina- prises tions Consol. Balance at January 1, 1998 $ (2) $ (51) Net Income (Loss) (16) 22 Less Dividends Paid Common Stock - - Preferred Stock - - Associated Companies (28) 36 ------ ------ (28) 36 ------ ------ Balance at December 31, 1998 $ 10 $ (65) ====== ====== (7) Represents HYDRA-CO Enterprises, Inc., HCE Appomattox, Inc., HCE Jamaica Development, Inc., HCE Lakewood, Inc. and HCE Imperial Valley, Inc. consolidated.
CMS CENTRALES TERMICAS S.A. Consolidating Statement of Retained Earnings December 31, 1998 (In Millions)
Centrales Inter- CMS Cuyana Termicas CMS company Operating S.A. de Mendoza Ensenada Elimina- CTM S.A. Inversiones S.A. S.A. tions Consol. Balance at January 1, 1998 $ (1) $ (3) $ 1 $ (1) $ 3 $ (1) Net Income - 3 2 (1) (4) - Less Dividends Paid Common Stock - - - - - - Preferred Stock - - - - - - Associated Companies - - - - - - ------ ------ ------ ------ ------ ------ - - - - - - ------ ------ ------ ------ ------ ------ Balance at December 31, 1998 $ (1) $ - $ 3 $ (2) $ (1) $ (1) ====== ====== ===== ====== ====== ======
CMS GENERATION INVESTMENT COMPANY I/II Consolidating Statement of Retained Earnings December 31, 1998 (In Millions)
CMSG CMSG CMSG CMSG CMSG CMSG CMSG Loy Yang Loy Yang Jorf Jorf Inv. Co. Pinamucan Cebu Holdings Holdings Lasfar Lasfar I/II(8) LDC LDC 1 Ltd. 2 Ltd. I LDC II LDC Balance at January 1, 1998 $ 12 $ (1) $ 3 $ (9) $ (9) $ - $ - Net Income (Loss) 57 (1) - (14) (14) 25 25 Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - - - - - - - ------ ------ ------ ------ ------ ------ ----- - - - - - - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1998 $ 69 $ (2) $ 3 $ (23) $ (23) $ 25 $ 25 ====== ====== ===== ====== ====== ====== ====== (Continued on Following Page)
CMS GENERATION INVESTMENT COMPANY I/II Consolidating Statement of Retained Earnings December 31, 1998 (In Millions) (Continued from Previous Page)
Jorf Jorf Inter- CMSG Lasfar Jorf Lasfar company Investment Handels- Lasfar Power Elimina- Co. I/II bolag I HB Energy HB tions Consol. Balance at January 1, 1998 $ - $ - $ - $ 16 $ 12 Net Income (Loss) 2 26 24 (73) 57 Less Dividends Paid Common Stock - - - - - Preferred Stock - - - - - Associated Companies - - - - - ------ ------ ------ ------ ------ - - - - - ------ ------ ------ ------ ------ Balance at December 31, 1998 $ 2 $ 26 $ 24 $ (57) $ 69 ====== ====== ===== ====== ====== (8) Represents CMSG Investment Company I, CMSG Investment Company II, Jegurupadu O&M Company Mauritius and CMSG Taweelah Ltd. consolidated.
CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Statement of Retained Earnings December 31, 1998 (In Millions)
CMS Gas CMS CMS CMS CMS Grand Transmission CMS Saginaw Gas Saginaw Jackson Lacs & Storage Antrim Bay Argentina Bay Lat. Pipeline Limited Company(9) Company Company Company Company Company Part. Balance at January 1, 1998 $ 8 $ 16 $ (1) $ 14 $ (1) $ - $ (2) Net Income (Loss) 22 4 1 11 - 1 2 Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies 22 19 1 - - - - ------ ------ ------ ------ ------ ------ ------ 22 19 1 - - - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1998 $ 8 $ 1 $ (1) $ 25 $ (1) $ 1 $ - ====== ====== ===== ====== ====== ====== ===== (Continued on Following Page)
CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Statement of Retained Earnings December 31, 1998 (In Millions) (Continued from Previous Page)
CMS CMS Con- CMS Gas Cherokee CMS Inter- CMS Gas Marysville tinential Trans. of Gas Grand Lacs Company Tran. &Stor. Gas Liquids Nat. Gas, Australia Processing Holding Elimina- Company Company Inc. Trust L.L.C. Company tions Consol. Balance at January 1, 1998 $ - $ - $ 3 $ 4 $ (1) $ (32) $ 8 Net Income (Loss) 1 (2) 3 - 2 (23) 22 Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - - - - 2 (22) 22 ------ ------ ------ ------ ------ ------ ------ - - - - 2 (22) 22 ------ ------ ------ ------ ------ ------ ------ Balance at Decem- ber 31, 1998 $ 1 $ (2) $ 6 $ 4 $ (1) $ (33) $ 8 ====== ===== ====== ====== ====== ====== ====== (9) Represents CMS Gas Transmission and Storage Company and Petal Gas Storage Company consolidated.
EX-2 3 EXHIBIT B TO U-3A-2 EXHIBIT B Exhibit B - Financial Data Schedule CMS Energy Corporation Consolidated Year Ended December 31, 1998 (Millions of Dollars) Total Assets $11,310 Total Operating Revenue $ 5,141 Net Income $ 285 EX-3 4 EXHIBIT C TO U-3A-2 EXHIBIT C An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. CMS ENSENADA S.A. (Ensenada) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * 99% * * * * *CMS Generation Holdings Company * 1%* * * * * * * * CMS Operating S.A. * 1% | * * Operator | * 99% * | * * ------------ CMS Ensenada S.A.***** CMS Operating S.A., which is 99% owned by CMS Generation Co., owns 99% of CMS Ensenada S.A., the EWG. CMS Generation Holdings Co., which is owned 100% by CMS Generation Co., owns 1% of CMS Ensenada S.A., the EWG. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. CMS GENERATION CEBU LIMITED DURATION COMPANY (Cebu) and CMS GENERATION CEBU OPERATING LIMITED DURATION COMPANY (Cebu Operating) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * * * * CMS Generation Investment Co. I CMS Generation Investment Co. II * 99% * 99% * 1% * 1% * * * * * * * * * * * * * * * CMS Generation Cebu Limited CMS Generation Cebu Operating Duration Company Limited Duration Company * | * | Operator * 47.5% | Toledo Power Company--------- CMS Generation Investment Company I and CMS Generation Investment Company II, each owned 100% by CMS Generation Co., own 99% and 1%, respectively, of CMS Generation Cebu Limited Duration Company, the EWG. CMS Generation Investment Company I and CMS Generation Investment Company II, each owned 100% by CMS Generation Co., own 99% and 1%, respectively, of CMS Generation Cebu Operating Limited Duration Company, the EWG. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. CMS Generation Horizon Energy Holdings Limited (CMSG Horizon) and Horizon Energy Holdings Limited (Horizon Energy) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * * CMS Generation Investment Co. I * * * * * * CMS Generation Loy Yang Holdings 1 Ltd. CMS Generation Loy Yang Holdings 2 Ltd. * * * * * * Horizon Energy Holdings Ltd. CMS Generation Horizon Energy Holdings Ltd. 24.63%* * 25% * * * * Loy Yang Power (1) CMS Generation Investment Company I owns 100% of Horizon Energy Holdings Limited, the foreign utility company. CMS Generation Investment Company I owns 100% of CMS Generation Horizon Energy Holdings Ltd., the foreign utility company. (1) Horizon Energy Partners, which has foreign utility company authorization, has changed its name to Loy Yang Power. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. CMS GENERATION OPERATING COMPANY CMS Energy Corporation * * * CMS Enterprises * * * CMS Generation Co. * * * CMS Generation Operating Company CMS Generation Co., a wholly-owned subsidiary of CMS Enterprises, owns 100% of CMS Generation Operating Company, the EWG. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. CMS GENERATION MICHIGAN POWER LLC CMS Energy Corporation * * * CMS Enterprises * * * CMS Generation Co. * * * CMS Generation Michigan Power LLC CMS Generation Co., a wholly-owned subsidiary of CMS Enterprises, owns 100% of CMS Generation Michigan Power LLC, the EWG. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. CMS MOROCCO OPERATING COMPANY SCA (CMS Morocco) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * * * * ******CMS International CMS Generation * Operating Company Investment Company I* * *.1% * 99% * 50% * 50% * * * * * * * * * * * * * CMS Generation Jorf Lasfar III * * * Limited Duration Company * * * * 1% * * .1% * * * * * * * * * * * Jorf Lasfar Operations Handelesbolag * * * * * * * * 99.7% *.1% * * * * * * * * * * * * * * * * * * * * * CMS Morocco Operating Company SCA* * * Jorf Lasfar Operations Handelesbolag, owned 99% by CMS International Operating Company and 1% by CMS Generation Jorf Lasfar III Limited Duration Company, owns 99.7% of CMS Morocco Operating Company SCA ("CMS Morocco"), the EWG. CMS International Operating Company and CMS Generation Investment Company I, each owned 100% by CMS Generation Co., each own .1% of CMS Morocco, the EWG. CMS Generation Jorf Lasfar III Limited Duration Company, owned 50% by CMS International Operating Company and 50% by CMS Investment Company I, owns .1% of CMS Morocco, the EWG. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. CMS OPERATING S.A. CMS Energy Corporation * * * CMS Enterprises Company * * * *******CMS Generation Co.********* * * * * * * * * * CMS Generation Holdings * * Company * * * * 1% * * * * 99% * 99% CMS Operating S.A. CMS Centrales Termicas S.A. Operating & | * | | * * Maintenance | * | | * * Agreement | *99% | | * 99% * 1% | * | | Cuyana S.A. de Inversiones CMS Ensenada S.A. | | * | |--Consulting * | | Agreement * 92.6% Consulting | | * Agreement----- | |-----Centrales Termicas Mendoza, S.A. (Jan-May 1997) | | Empresa Distribuidora de Electricidad de Entre Rios S.A. (EDEER) CMS Generation Co. and CMS Generation Holdings Company own 99% and 1%, respectively, of CMS Operating S.A., the EWG. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. CMS GENERATION PINAMUCAN LIMITED DURATION COMPANY (Pinamucan) and CMS GENERATION PINAMUCAN OPERATING LIMITED DURATION COMPANY (Pinamucan Operating) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * * * * CMS Generation Investment Co. I CMS Generation Investment Co. II * 99% * 99% * 1% * 1% * * * * * * * * * * * CMS Generation Pinamucan CMS Generation Pinamucan Operating Limited Duration Company Limited Duration Company * | 44%* | * | Operator Magellan Cogeneration Inc. CMS Generation Investment Company I and CMS Generation Investment Company II, each owned 100% by CMS Generation Co., owns 99% and 1%, respectively, of CMS Generation Pinamucan Limited Duration Company, the EWG. CMS Generation Investment Company I and CMS Generation Investment Company II, each owned 100% by CMS Generation Co., owns 99% and 1%, respectively, of CMS Generation Pinamucan Operating Limited Duration Company, the EWG. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. CENTRALES TERMICAS SAN NICOLAS, S.A. (CTSN) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * .1% CMS Generation San Nicolas Company * * * .1% Inversora de San Nicolas, S.A. * * * 88% Centrales Termicas San Nicolas, S.A. CMS Generation San Nicolas Company, owned .1% by CMS Generation Co., owns .1% of Inversora de San Nicolas, which in turn owns 88% of Centrales Termicas San Nicolas, S.A., the EWG. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. Compania Forca E Luz Cataguazes - Leopoldina (Cataguazes) and Empresa Energetica de Sergipe S.A. (Energipe) CMS Energy * * CMS Enterprises * * CMS Electric and Gas Company * * * * **********CMS Brazil Energia Ltda. CMS Distribuidora Ltda. 0.41% * * * * * * * * * * Itacatu, SA * 49.9% * * * * * * * * * 50.1% * * * * ********* GIPAR, S.A. * * * * * * 29.3% * * * * * * 9.89% * 3.5% * * 19.51% * * * * * * * * ***********Cataguazes************** * * * * 4.92% * * 86.47% * * * * * ENERGISA * 12.18% * * * * * 83.8% * * * * * * * *Energipe ******** CMS Brazil Energia Ltda., 100% owned by CMS Electric and Gas, owns 29.5% of Cataguazes, the foreign utility company. CMS Brazil Energia Ltda. owns 49.9% of GIPAR S.A., which owns 19.51% of Cataguazes, the foreign utility company. CMS Distribuidora Ltda., 100% owned by CMS Electric and Gas, owns 9.89% of Cataguazes, the foreign utility company. Cataguazes owns 12.18% of Energipe, the foreign utility company. ENERGISA, 86.47% owned by Cataguazes, owns 83.8% of Energipe, the foreign utility company. CMS Distribuidora Ltda., 100% owned by CMS Electric and Gas, owns 4.92% of Energipe, the foreign utility company. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system Empresa Distribuidora de Electricidad de Entre Rios S.A. (EDEER) CMS Energy Corporation * * * * CMS Enterprises Company * * * * -------------------CMS Electric and Gas Company | * | * | Compania de Inversiones en Energia Electrica S.A. | * | * 53.3% Consulting | Inversora en Distribucion de Entre Rios S.A. Agreement | * | * | * 90% | * | * |---Empresa Distribuidora de Electricidad de Entre Rios S.A. CMS Electric and Gas Company, which is 100% owned by CMS Enterprises Company, owns 100% of Compania de Inversiones en Energia Electrica, S.A.(CIEESA). CIEESA owns 53.3% of Inversora en Distribucion de Entre Rios S.A., which owns 90% of Empresa Distribuidora de Electricidad de Entre Rios S.A., the foreign utility company. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. GMR VASAVI POWER CORPORATION PRIVATE LIMITED (GMR Vasavi) CMS Energy * * * * CMS Enterprises * * * * CMS Generation Co. * * * * CMS Generation Investment Co. I * * * * Monetize Limited * * 49% * * GMR Vasavi Power Corporation Private Limited Monetize Limited, a wholly-owned subsidiary of CMS Generation Investment Company I, owns 49% of GMR Vasavi Power Corporation Private Limited, the EWG. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. GVK INDUSTRIES LIMITED (GVK) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * CMS Generation Investment Company III * * * Jegurupadu CMS Generation Company Ltd. * * 18.75% * GVK Industries Ltd. Jegurupadu CMS Generation Company Ltd., a wholly-owned subsidiary of CMS Generation Investment Company III, owns 18.75% of GVK Industries Ltd., the EWG. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. HIDROELECTRICA EL CHOCON, S.A. (Hidroelectrica) CMS Energy Corporation * * * CMS Enterprises Company * * * ******CMS Generation Co. * * * * * * (99%) * CMS Generation, S.A. * * * * * * 25% * Hidroinvest, S.A. * * * * * 2.48% * 59% **********Hidroelectrica El Chocon, S.A. CMS Generation Co. directly owns 2.48% of Hidroelectrica El Chocon, S.A. CMS Generation, S.A., owned 99% by CMS Generation Co., owns 25% of Hidroinvest which in turn owns 59% of Hidroelectrica El Chocon, S.A., the EWG. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. JAMAICA PRIVATE POWER COMPANY LIMITED (Jamaica Private Power) and Private Power Operators Limited (Private Power Operators) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * HYDRA-CO ENTERPRISES, INC. * * * * * * CMS Generation Operating Company II, Inc. HCE-Rockfort Diesel, Inc. * * * * 41.2% * * HCO-Jamaica, Inc. Jamaica Private Power * Company Limited * 50% * Private Power Operators Limited (Operator) HCE-Rockfort Diesel, Inc., owned 100% by HYDRA-CO Enterprises, Inc., owns 41.2% Jamaica Private Power Company Limited, the EWG. HCO-Jamaica, Inc., owned 100% by CMS Generation Operating Company II, Inc., owns 50% of Private Power Operators Limited, the EWG. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. JEGURUPADU OPERATING AND MAINTENANCE COMPANY (Jegurupadu Operating) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * * * * 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 | (Operator) | | GVK Industries Ltd. Jegurupadu O&M Company Mauritius, owned 50% by CMS Generation Jegurupadu I Limited Duration Company and 50% by CMS Generation Jegurupadu II Limited Duration Company, owns 60% of Jegurupadu Operating and Maintenance Company, the EWG. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. JORF LASFAR ENERGY COMPANY SCA (Jorf Lasfar) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * * * * 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 Duration Company 50% * * * 50% Limited Duration Company * 50% * * * * 50% * * * * * * * *50% * *50% * * * * * * * * * * * * Jorf Lasfar Handelsbolag Jorf Lasfar I HB Jorf Lasfar Power Energy HB * 2% * 25% * 23% * * * * * * ****************Jorf Lasfar Energy Company SCA Jorf Lasfar Handelsbolag, Jorf Lasfar I HB and Jorf Lasfar Power Energy HB, each owned 50% by CMS Generation Jorf Lasfar I Limited Duration Company and each owned 50% by CMS Generation Jorf Lasfar II Limited Duration Company, owns 2%, 25% and 23%, respectively, of Jorf Lasfar Energy Company SCA, the EWG. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. LAKEWOOD COGENERATION, LP (Lakewood) and CMS Generation Operating Company II, Inc. (CMSG Operating Company II) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * ----------HYDRA-CO Enterprises, Inc.********** | * * | * * CMS Generation Operating * * Company II, Inc. * * (Operator) * * | * * 80% | * * | HCE-Lakewood, Inc. * | * * | * * | * 1% * -----------------Lakewood Cogeneration, LP**** HYDRA-CO Enterprises, Inc., the wholly owned subsidiary of CMS Generation Co., owns 100% of HCE-Lakewood, which in turn owns 1% of Lakewood Cogeneration, LP, the EWG. Additionally, HYDRA-CO Enterprises, Inc., directly owns 80% of Lakewood Cogeneration, LP, the EWG, and owns 100% of CMS Generation Operating Company II, Inc. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. SISTEMA ELECTRICO NUEVA ESPARTA C.A. (Seneca) CMS Energy * * * CMS Enterprises * * * CMS Electric and Gas Company * * * CMS Venezuela, S.A. * | * | * 90% | * | * | Consulting Agreement ENELMAR, S.A. | dated Nov. 25, 1998 * | (Effective Jan. 1, 1999) * 70% | * | SENECA-----------| CMS Venezuela, S.A., 100% owned by CMS Electric and Gas, owns 90% of ENELMAR, S.A., which owns 70% of SENECA, the foreign utility company. -----END PRIVACY-ENHANCED MESSAGE-----