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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) August 17, 2009


Commission	Registrant; State of Incorporation;	IRS Employer
File Number	Address; and Telephone Number	Identification No.


1-9513	CMS ENERGY CORPORATION	38-2726431
	(A Michigan Corporation)
	One Energy Plaza
	Jackson, Michigan 49201
	(517) 788-0550


1-5611	CONSUMERS ENERGY COMPANY	38-0442310
	(A Michigan Corporation)
	One Energy Plaza
	Jackson, Michigan 49201
	(517) 788-0550

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

CMS Energy Corporation’s (“CMS Energy”) management will be meeting with investors on Monday and Tuesday, August 17-18, 2009. A copy of the CMS Energy handout is furnished as Exhibit 99.1 to this report.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth in such a filing.

Item 9.01

(d) Exhibits.

99.1 CMS Energy handout dated August 17-18, 2009

This Form 8-K contains “forward-looking statements” as defined in Rule 3b-6 of the Securities Exchange Act of 1934, as amended, Rule 175 of the Securities Act of 1933, as amended, and relevant legal decisions. The forward-looking statements are subject to risks and uncertainties.
They should be read in conjunction with “FORWARD-LOOKING STATEMENTS AND INFORMATION” and “RISK FACTORS” each found in the MANAGEMENT’S DISCUSSION AND ANALYSIS sections of CMS Energy Corporation’s (“CMS Energy”) Form 10-K and Consumers Energy Company’s (“Consumers”) Form 10-K each for the Year Ended December 31, 2008 and as updated in CMS Energy’s Forms 10-Q and Consumers’ Forms 10-Q each for the Quarters Ended March 31, 2009 and June 30, 2009. CMS Energy’s and Consumers’ “FORWARD-LOOKING STATEMENTS AND INFORMATION” and “RISK FACTORS” sections are incorporated herein by reference and discuss important factors that could cause CMS Energy’s and Consumers’ results to differ materially from those anticipated in such statements.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.


	CMS ENERGY CORPORATION
Dated: August 17, 2009	By:	/s/ Thomas J. Webb
		Thomas J. Webb
		Executive Vice President and Chief Financial Officer

	CONSUMERS ENERGY COMPANY
Dated: August 17, 2009	By:	/s/ Thomas J. Webb
		Thomas J. Webb
		Executive Vice President and Chief Financial Officer

GAS RATE CASE U-15986*

On May 22, 2009, Consumers Energy filed an application with the Michigan Public Service Commission seeking an increase in its gas delivery and transportation rates based on a 12 month ending September 30, 2010 test year. Due to the uncertainty related to the length and depth of the declining Michigan economy, the request seeks authorization to implement an uncollectible accounts expense tracker, pension tracker, as well as a revenue decoupling proposal. The proposed capital structure includes an 11.00% authorized return on equity. If approved, the request would add about $4.50 per month, or about 5.0%, to the typical residential customer’s average monthly bill. The $114 million revenue deficiency is detailed below. If the Commission has not acted on the application within 180 days of the filing, the company may implement up to the amount of the rate request.


Item	$ Millions			Explanation
1. Rate Base	$	38		Net plant: $40 (improved deliverability, regulatory compliance, AMI) Working capital: ($2)
2. Gross Margin		41		Lower throughput and customer mix reflecting MI economy: $40 (272 Bcf vs. 305 Bcf) Miscellaneous revenues: $1
3. O&M		25		Uncollectible accounts expense: $17 Pension and health care: $7 Other: $1
4. Rate of Return		8		Return on Equity: $8 (11.00% vs 10.55%) Higher debt costs: $3 Lower capitalization: ($3) (lower equity ratio; increased deferred income taxes)
5. Book Dep & Property Taxes		7		New investment
6. Taxes & Other		(5	)	Decreased income taxes and increased AFUDC; partially offset by increased general taxes

7. Total Base Rate Increase	$	114


Ratemaking	Existing			As Filed						After-Tax
Capital Structure	(U-15506)			Percent of Total			Annual Cost			Weighted Costs
Long Term Debt		42.71	%		43.43	%		5.97	%		2.59	%
Short Term Debt		0.66			0.58			8.83			0.05
Preferred Stock		0.49			0.46			4.46			0.02
Common Equity		41.78			41.07	⁽¹⁾		11.00			4.52
Deferred Taxes		12.94			13.17			0.00			0.00
JDITC/Other		1.42			1.29						0.10

		100.00	%		100.00	%					7.28	% ⁽²⁾


Rate Base and Return	Existing
Percentage	(U-15506)			As Filed
Rate Base	$2.52		billion	$2.90		billion
Return on Rate Base		7.03	%		7.28	%
Return on Equity		10.55			11.00

GAS RATE CASE SCHEDULE — UPDATED AS OF JULY 1, 2009


Staff & Intervenors File Testimony		October 22, 2009
Rebuttal Testimony		November 16, 2009
Self Implementation Under PA 286		November 19, 2009
Motions to Strike Testimony		December 4, 2009
Cross of all Witnesses		December 14-18, 2009 and January 5-7, 2010
Initial Briefs		January 27, 2010
Reply Briefs		February 10, 2010
PFD Target Date		March 24, 2010
Exceptions		April 7, 2010
Replies to Exceptions		April 21, 2010
Commission Order		May 21, 2010


⁽¹⁾		Equivalent to 48.34% on financial basis.

⁽²⁾		Equivalent to 10.19% pre-tax basis.

*		Gas Rate Case U-15986 can be accessed at the Michigan Public Service Commission’s website. http://efile.mpsc.cis.state.mi.us/efile/gas.html

Appendix-5

ELECTRIC RATE CASE U-15645*

On November 14, 2008, Consumers Energy filed an application with the Michigan Public Service Commission seeking an increase in its electric generation and distribution rates based on a 2009 test year. On May 29, 2009 the MPSC staff filed a revised position on Consumers Energy’s request for $214 million rate relief. The staff is recommending a rate increase of $111 million with an 11% ROE and a tracker for uncollectibles. The staff did not support a full decoupling, but did support a tracker that would allow the company to recover revenue lost due to energy optimization programs. On May 14, the company self-implemented a $179 million revenue increase using the rate design filed in November.


			Revised			MPSC
			MPSC			Staff
	Company		Staff			B/(W)
Item	(Mils)		(Mils)			(Mils)			Remarks
1. O&M	$	50	$	(24	)	$	(74	)	Distribution O&M: ($26) includes Forestry ($19) General Inflation: ($16) Production O&M: ($12) — Based on historical trends Uncollectibles: ($8) — Based on 3-year average Non-officer EICP: ($7) Executive compensation: ($2) Other: ($5), includes AMI ($3)

2. Rate of Return		17		5			(12	)	Debt cost rates: ($10) — Lower debt cost Other capitalization/costs: ($2) — Equity timing

3. Rate Base		75		72			(3	)	Lower net plant

4. Book Depreciation		16		14			(2	)	Lower net plant

5. Property Taxes		9		8			(1	)	Lower net plant

6. Gross Margin		43		32			(11	)	Sales: 36.2 mwh vs 36.8 mwh — Based on adjusted sales through Nov. 2008

7. Other		4		4			—		Taxes and AFUDC

8. Total	$	214	$	111		$	(103	)


							Revised
Ratemaking	Existing			Consumers			MPSC
Capital Structure %	(U-15245)			Filing			Staff Filing
Long Term Debt		41.55	%		44.51	%		44.80	%
Short Term Debt		0.81			0.77			0.78
Preferred Stock		0.50			0.47			0.48
Common Equity		41.75			40.88	⁽¹⁾		40.51	⁽²⁾
Deferred FIT		14.65			12.73			12.80
JDITC/Other		0.74			0.64			0.63

		100.00	%		100.00	%		100.00	%


Rate Base and Return	Existing			Consumers			Revised
Percentage	(U-15245)			Filing			MPSC Staff
Rate Base	$5.53		billion	$6.27		billion	$6.26		billion
Return on Rate Base		6.93	%		7.22	%		7.03	%
Return on Equity		10.70	%		11.00	%		11.00	%


⁽¹⁾		Equivalent to 47.61% on a financial basis

⁽²⁾		Equivalent to 47.22% on a financial basis

ELECTRIC RATE CASE SCHEDULE


Rebuttal Testimony		May 18, 2009
Motions to Strike Testimony		May 29, 2009
Replies to Motions to Strike		June 4, 2009
Cross of all Witnesses		June 8-19, 2009
Initial Briefs		July 9, 2009
Reply Briefs		July 23, 2009
Proposal for Decision		September 2, 2009 (target)
Decision		By November 14, 2009


*		Electric Rate Case U-15645 can be accessed at the Michigan Public Service Commission’s website. http://efile.mpsc.cis.state.mi.us/efile/electric.html

Appendix-6