-----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, RDHv7cs5gFuUoWJlhKoYPlQT3emcr5UsXxNf6uOfuH25UDvolyuLzCjn+H/rCqwz wuDhL1ck87XC14rVXjdfcw== 0000950124-00-000954.txt : 20000302 0000950124-00-000954.hdr.sgml : 20000302 ACCESSION NUMBER: 0000950124-00-000954 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000229 FILED AS OF DATE: 20000229 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: 557641 BUSINESS ADDRESS: STREET 1: FAIRLANE PLZ SOUTH STE 1100 STREET 2: 330 TOWN CENTER DR CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 3134369261 MAIL ADDRESS: STREET 1: FAIRLANE PLAZA SOUTH, SUITE 1100 STREET 2: 330 TOWN CENTER DRIVE CITY: DEARBORN STATE: MI ZIP: 48126 U-3A-2 1 FORM U-3A-2 1 File No. 69-333 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM U-3A-2 STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION UNDER RULE U-3A-2 FROM THE PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 ------------------------------------- TO BE FILED ANNUALLY PRIOR TO MARCH 1 ------------------------------------- CMS ENERGY CORPORATION (Name of Company) hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935, and submits the following information: February 29, 2000 2 2 1. NAME, STATE OF ORGANIZATION, LOCATION AND NATURE OF BUSINESS OF CLAIMANT AND EVERY SUBSIDIARY THEREOF, OTHER THAN ANY EXEMPT WHOLESALE GENERATOR (EWG) OR FOREIGN UTILITY COMPANY IN WHICH CLAIMANT DIRECTLY OR INDIRECTLY HOLDS AN INTEREST. (A) CMS ENERGY CORPORATION ("CMS ENERGY") WAS DULY INCORPORATED UNDER THE LAWS OF THE STATE OF MICHIGAN IN 1987. CMS ENERGY IS A $6.1 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 TRADING 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 15 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 Financial Services, Inc. A Michigan corporation engaged in the business of making loans to homeowners and small businesses for energy related goods or services. - First Utility Finance, Inc. CMS COMERCIALIZADORA DE ENERGIA S.A.(99%) An Argentine company engaged in gas and electric marketing perations in Argentina. 3 3 CMS ELECTRIC AND GAS COMPANY A Michigan corporation involved in purchasing, investing in and operating gas and electric distribution systems worldwide. CMS Electric and Gas Company has 6 subsidiaries: CMS Netherlands Funding Company A Michigan corporation formed as a holding company for CMS Electric and Gas Company's international interests. - Notera Holding B.V. CMS Rio Grande de Sul Ltda A Brazilian company engaged in the development and investment in electric distribution projects in Brazil. CMS Venezuela, S.A. A Venezuelan company formed to operate Sistemo Electrico Nueva Esparta C.A. (SENECA) 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. - Distribuidora de Electricidad S.A. (99%) - Inversora en Distribucion de Entre Rios S.A. (53.5%) - Sociedad Inversora en Distribucion de Electricidad S.A. (60%) - Sociedad Inversora y Distribucion de Electricidad S.A. (57%) ENELMAR, S.A. (90%) A Venezuela company formed to hold CMS Electric and Gas Company's interest in the privatized electric system of the State of Nueva Esparta. Financial Joint Venture, L.L.C.(99%) A Brazilian limited liability company formed for the purposes of investments in Brazil. - International Investments, Inc. - CMS Brazil Energia Ltda. - GIPAR, S.A (49.9%) - Itacatu, S.A. (0.41%) - GIPAR, S.A (50.1%) - CMS Distribuidora Ltda. - Energisa S.A. 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 India Development Company Private Limited An Indian company formed to pursue development opportunities in India. 4 4 CMS ENERGY SOUTH AMERICA COMPANY (CESA) A Cayman Islands Company formed to provide for the consolidation of the development expenses and activity in Argentina and Brazil. CMS Empreendimentos Ltda A Brazilian company established as the Rio Office in Brazil. CMS Enterprises Development Company S.A. (CEDC) An Argentina company formed to handle the development work in Argentina. 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 ENTERPRISES DEVELOPMENT, L.L.C. A Michigan limited liability company formed to invest in various projects, including but not limited to, a zirconium recovery project. 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 23 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 Production Company LLC. Atlantic Methanol Capital Company (50%) A Cayman Islands company formed to assist in the financing relating to the Equatorial Guinea methanol plant. CMS Antrim Gas Company A Michigan corporation formed to design, construct and operate the Central Carbon Dioxide Removal Plant in Otsego County, Michigan. CMS Field Services, Inc. A Michigan corporation, formerly known as CMS Continental Natural Gas, Inc., involved in the transmission and distribution of natural gas and has the following 20 subsidiaries: - Bighorn Gas Gathering, LLC (50%) - Bradshaw Energy LLC (97.5%) - CBC/Leon Limited Partnership (89%) - Bright Star Partnership (4.57%) - Cherokee Gas Processing LLC (92%) - CMS Pipeline Company, LLC (99%) - Continental Gas Processing, LLC (99%) 5 5 - Continental Holdings Company - Bighorn Gas Gathering, LLC (1%) - CMS Pipeline Company, LLC (1%) - Continental Gas Processing, LLC (1%) - Continental Hydrocarbons, LLC (1%) - Continental Laverne Gas Processing, LLC (1%) - Continental Natural Gas Gathering, LLC (1%) - Continental/Taurus Energy Company, LP (1%) - Continental Hydrocarbons, LLC (99%) - Continental Laverne Gas Processing, LLC (99%) - Continental Natural Gas Gathering, LLC (99%) - Continental/Oklahoma Natural Gas Gathering, LLC - Foss Joint Venture (30%) - Continental/Taurus Holdings Company, LLC - Continental/Taurus Energy Company, LP (99%) - Fort Union Gas Gathering, LLC (33.33%) - Heritage Gas Gathering LLC - Tekas Pipeline, LLC - Hillsboro Gas Gathering System (23.7064%) - Laubhan Friesen Gas Gathering System (41%) - Leon Limited Partnership I (50%) - Bright Star Partnership (5.43%) - Moody Gas Gathering System (57.1632%) - Roaring Creek Gas Services LLC - Cherokee Gas Processing LLC (8%) - Warrel Gas Gathering System (43.65%) CMS Gas Argentina Company A Cayman Islands company with an equity interest in Transportadora de Gas del Norte S.A., an Argentine company, which provides natural gas transmission services to the northern and central parts of Argentina. - Aguas de Chile Limitada (0.01%) - Compania de Inversiones CMS Energy Chile Limitada (1%), a Chilean company - Transportadora de Gas del Norte S.A.(TGN) (29.4%) 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. CMS Goldfields Gas Transmission Company (Inactive) A Michigan corporation formed for the purpose of owning CMS Goldfields Gas Transmission B.V. CMS Grands Lacs Holding Company A Michigan corporation involved as a General Partner in the Grands Lacs Limited Partnership, a Michigan limited partnership. CMS Jackson Pipeline Company A Michigan corporation involved as a General Partner in Jackson Pipeline Company, a Michigan general partnership. 6 6 CMS Marysville Gas Liquids Company A Michigan corporation formed to hold interests in Marysville Fractionation Partnership and in St. Clair Underground Storage Partnership. - Marysville Fractionation Partnership (51%) - St. Clair Underground Storage Partnership (51%) 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. CMS TriState Canada General Company A Michigan corporation formed to hold the general partner interest in the Canadian portion of a general partnership to hold TriState Pipeline assets in Canada. - TriState Canada Gas Pipeline Ltd (66.67%) Financial Joint Venture, LLC (1%) See description under CMS Electric and Gas. Grands Lacs Limited Partnership (49%) A Michigan limited partnership formed to plan, develop, finance, construct, expand, own, operate, maintain and repair the Grands Lacs gas storage facility. Guardian Pipeline, LLC (33.33%) A Michigan limited liability corporation formed to own and operate an interstate natural gas pipeline from Illinois to Wisconsin. Michigan Intrastate Lateral System Partnership (50%) A Michigan general partnership, formerly known as Michigan Intrastate Lateral General Partnership, acquired as part of the acquisition of the Spartan Intrastate Pipeline and the Mackinaw Energy System. - Saginaw Bay Lateral Limited Partnership (10%) Nitrotec Corporation (50%) A Delaware corporation formed to invest in plants that extract helium from natural gas. Otsego EOR LLC (25%) A Michigan limited liability company formed as an enhanced oil-recovery project whose activities involve flooding depleted oil reservoirs with carbon dioxide consisting of three oil reservoirs and pipeline and compression facilities located in Otsego County, Michigan. 7 7 Panhandle Eastern Pipe Line Company A Delaware corporation formed for the transmission of natural gas and has the following 6 direct subsidiaries. CMS Panhandle Eastern Resources, Inc. A Delaware company formed to provide financing for its affiliated companies. CMS Panhandle Storage Company A Delaware company formed to act as a partner in a natural gas storage field. CMS Trunkline Pipeline Holdings, Inc. A Delaware company formed to act as assignee from Trunkline AP Pipeline Company. Pan Gas Storage Company A Delaware company formed to develop and operate Borchers North Storage Field. - Lee 8 Storage Partnership(40%) Trunkline Field Services Company A Delaware company formed to operate the Trunkline's liquid separation facilities in St. Mary's Parish, LA. Trunkline Gas Company A Delaware corporation formed for the transmission of natural gas. - CMS Trunkline Gas Resources, Inc. Trunkline LNG Company A Delaware company formed for the importation and regasification of LNG. 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 (60%) - Atacama Finance Co.(40%) - CMS Atacama Company (40%) - CMS Gas Transmission of Australia Holdings Company - CMS Gas Transmission of Australia - Compania de Inversiones CMS Energy Chile Limitada (99%), a Chilean company - Administradora Proyecto Atacama S.A. (50%) - CMS Servicios de Agua de Chile Compania Limitada - Gasoducto Atacama Compania Limitada LLP (50%) - Nor Oeste Pacifico Generacion de Energia Limitada (50%) - Energex Co.(20%) - Gasoducto Cuenca Noroeste Limitado LLP (50%) - Gasoducto Cuenca Noroeste Limitada Argentine Branch 8 8 - CMS International Financial Services Company - CMS Luxembourg SARL - Valandrid B.V. - CMS Goldfields Gas Transmission Australia Pty. Ltd. - SCP Investments (No. 1) Pty. Ltd.(45%) - SCP Investments (No. 2) Pty. Ltd. - Southern Cross Pipelines Australia Pty. Ltd. - Goldfields Gas Transmission Joint Venture (66.664%) - SCP Investments (No. 3) Pty. Ltd. - Southern Cross Pipelines (NPL) Australia Pty. Ltd. - Goldfields Gas Transmission Joint Venture (25.493%) - Goldfields Gas Transmission Pty. Ltd. - CMS TriState Canada Unlimited Company - TriState Canada Limited Partnership (66%) 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 36 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 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. 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. 9 9 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. Grayling Generating Station Limited Partnership is a Limited Partner in AJD Forest Products Limited Partnership. 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: - CMS Centrales Termicas SA (1%) - CMS Generation SA (0.01%) - Genesee Power Station LP (48.75%) - GPS Newco, LLC (25%) - GPS Newco, LLC (50%) - Lyonsdale Energy LP (49%) - McCook Cogeneration Station, LLC (50%) (Inactive) - Moapa Energy Limited Partnership (1%) - Metro East, LLC (50%)(Inactive) - Mon Valley Energy LP (49.5%)(Inactive) - Moose River Properties, Inc. (50%) - Oxford/CMS Development LP (1%) 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, United Arab Emirates, Ghana and Australia: 10 10 - Aguas de Chile Limitada (99.99%) - Atacama Finance Company (16%) - 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 Power Energy Handelsbolag (50%) - Jorf Lasfar I Handelsbolag (50%) - Jorf Lasfar Handelsbolag (50%) - CMS Generation Jorf Lasfar II Limited Duration Company, a Cayman Islands company (99%) - Jorf Lasfar Power Energy Handelsbolag (50%) - Jorf Lasfar I Handelsbolag (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 (99%) - ST CMS Electric Company Private Limited (50%) - CMS Servicios de Aguas de Chile Limitada, formed in Chile to hold marine concession (beach access and water extraction) for desalinization plant. - CMS Takoradi Investment Company, a Cayman Island's company formed for the purposes of financing structure for the Takoradi project. - CMS Takoradi Investment Company II, a Cayman Island's company formed for the purposes of financing structure for the Takoradi project. - CMS Generation Taweelah Limited, a Cayman Islands company - Emirates CMS Power Company, a United Arab Emirates company (40%) - CMS Generation Taweelah Limited I, a Cayman Islands company - Energex Co. (16%) - Energiaktiebolaget CMS, a Swedish Company - Monetize Limited, a Mauritius company - Jegurupadu O&M Company, a Mauritius company (99%) - Scudder Latin American Power I-P LDC (25%) 11 11 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. - CMS Gas Transmission del Sur Company (40%) 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 that owns and operates a waste wood recovery facility in the greater Montreal, Quebec, Canada area. CMS Generation Mon Valley Company A Michigan corporation involved as General Partner in the Mon Valley Energy Limited Partnership 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, LLC, a Michigan limited liability company, formed to supply waste wood fuel for the Genesee Power Station Limited Partnership. CMS Generation SA (99.99%) 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 SA, an Argentine company (25%) Compania de Inversiones en Energia Electrica S.A. (CIEESA)(1%) See description under CMS Electric and Gas above. Dearborn Industrial Energy, LLC A Michigan limited liability corporation formed to own and operate the power project at the Ford/Rouge complex. 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. 12 12 Honey Lake Energy I LP (1%) See description under CMS Generation Honey Lake Company above. Honey Lake Energy II LP (1%) See description under CMS Generation Honey Lake Company above. 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) - Caribbean Electric Power (40% 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. - Appomattox River Associates LP(1% GP & 54.5% LP) - HCE-Biopower, Inc. - IPP Investment Partnership (51%) - HCE-Hudson, Inc. - Curtis/Palmer Hydroelectric Company LP (12.5% GP) - HCE-Imperial Valley, Inc. - Imperial Resource Recovery Associates, LP (1.231% LP) - HCE-Jamaica Development, Inc. - HCE-Lakewood, Inc. - CMS Generation Lakewood Company - HCE-Rockfort Diesel, Inc. - HYDRA-CO Generation, Inc. (Inactive) - Hydro Power Associates (49.99% GP) - Imperial Resource Recovery Associates, LP (39.269% LP) - IPP Investment Partnership (49%) - Cogent Little Falls (0.01% GP) - Copenhagen Associates (0.01% LP) - Craven County Wood Energy LP (0.01% LP) - Hydro Power Associates (0.01% GP) - Lyonsdale Associates (0.01% GP) - Jamaica Energy Team Limited (59.7%) - Little Falls Hydropower Associates (33.33% GP) - Lock 17 Group (33.33% GP) - Little Falls Hydropower Associates (1%) - Lock 17 Management Group (33.33% GP) - Lyonsdale Associates (49.99% GP) - New Bern Energy Recovery, Inc. 13 13 - Craven County Wood Energy LP (5%) - PowerSmith Cogeneration Project, LP (8.75% LP) - Windpower Partners 1988 (22.73% LP) - Windpower Partners 1989 (8.5346% LP) Jorf Lasfar Operations Handelsbolag (99%) See above under CMS Generation Jorf Lasfar III LDC. McCook Cogeneration Station, LLC (50%)(Inactive) 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 MCV2 Development Company Partnership (58.68%) A Michigan partnership formed to develop, lease, sell, exchange or otherwise dispose of the MCV2 facilities and properties, to assign to one or more MCV2 Project companies all or a portion of the Partnership's rights under the Development Agreements and to undertake any and all other activities necessary, incidental, convenient or advisable to effectuate and carry out such purpose. Metro East, LLC (50%)(Inactive) 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 (99%) A Delaware partnership involved as a 48% limited partner in Exeter Energy LP which owns and operates a 31.3 MW tire-fueled cogeneration plant in Sterling, Connecticut. - Exeter Energy LP (48% LP) - Moapa Energy LP (99%) 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. 14 14 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. Bay Harbor Company, LLC (50% Member) A Michigan limited liability company which is the owner and developer of Bay Harbor, a real estate development. Bay Harbor Village Company, LLC (25%). A Michigan limited liability company involved in the retail shop, restaurant and residential real estate aspects of the Bay Harbor Resort 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 6 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 (1%) 15 15 CMS Viron Corporation A Missouri corporation formed to provide services in the areas of energy usage analysis and the engineering and implementation of energy conservation measures. 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.(50%) A Canadian corporation engaged in purchasing, transporting, storing, selling, brokering and marketing natural gas in North America and energy-related consulting. - Energistics Group, Inc. Texon Distributing LP (49%) A Delaware limited partnership engaged in transporting, processing and marketing crude oil and natural gas liquids and services related thereto. 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 8 direct subsidiaries that are either domestic corporations or foreign companies: CMS Oil and Gas (Holdings) Ltd. A Cayman Islands company, formerly known as CMS NOMECO Holdings Ltd., 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 Oil and Gas (International) Ltd. CMS Oil and Gas (International) Company A Texas corporation, formerly known as CMS NOMECO International, Inc., engaged as a holding company for 6 subsidiaries that engage in the exploration and production of oil and natural gas in Africa: - CMS NOMECO International Congo Holdings, Inc., a Texas corporation - CMS NOMECO Congo, Inc., a Delaware corporation - CMS Oil and Gas (Cameroon) Ltd., formerly known as CMS NOMECO Cameroon, Ltd., a Cayman Islands company - CMS Oil and Gas (Cote d'Ivoire) Ltd, formerly known as CMS NOMECO Cote D'Ivoire Ltd., a Cayman Islands company - CMS Oil and Gas International (Transportation) Company, formerly known as CMS NOMECO International Transportation, Inc., a Texas corporation 16 16 - CMS Oil and Gas International (Tunisia) Company, formerly known as CMS NOMECO International Tunisia, Inc., a Texas corporation CMS Oil and Gas (International) Ltd. A Cayman Islands company, formerly known as CMS NOMECO International, Ltd., 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 Congo LDC (99%) - CMS NOMECO Venezuela LDC (91%) - CMS Oil and Gas (Alba) LDC (99%), formerly known as CMS NOMECO Alba LDC - CMS Oil and Gas (Argentina) LDC (99%), formerly known as CMS NOMECO Argentina LDC - CMS Oil and Gas (Congo) Ltd (99%), formerly known as CMS NOMECO Congo Ltd. - CMS Oil and Gas (Ecuador) LDC (99%), formerly known as CMS NOMECO Ecuador LDC - CMS Oil and Gas (E.G.) LDC (99%), formerly known as CMS NOMECO EG LDC - CMS Oil and Gas (E.G.) Ltd (99%), formerly known as CMS NOMECO EG Ltd. CMS Oil and Gas (Pipeline) Company A Michigan corporation, formerly known as CMS NOMECO Pipeline Company, formed to hold ownership interests in various natural gas pipelines located in Michigan. Explotaciones CMS Oil and Gas Company A Delaware corporation, formerly known as Explotaciones CMS NOMECO, Inc., 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 formed to pursue exploration and production of oil and natural gas in Ecuador. 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 Operations, Inc. (40%) - State 26 Production Co. (20%) - Terra-Hayes Pipeline Company (26.58%) - Terra-Westside Processing Co. Partnership (15%) 17 17 - Terra Pipeline Company - Thunderbay Pipeline Company LLC (10%) - 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 LARGEST 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. 18 18 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. 19 19 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:
1999 SUMMER NET 1999 NET DEMONSTRATED GENERATION NAME AND LOCATION CAPABILITY (THOUSANDS OF (MICHIGAN) (KILOWATTS) KILOWATT-HOURS) ----------------- --------------- --------------- Coal Generation J H Campbell - West Olive 1,346,100 (A) 9,291,538 D E Karn - Essexville 515,000 3,515,678 B C Cobb - Muskegon 300,000 2,087,808 J R Whiting - Erie 310,000 2,110,618 J C Weadock - Essexville 310,000 2,079,779 --------- ---------- Total 2,781,100 19,085,421 --------- ---------- Oil/Gas Generation B C Cobb - Muskegon 60,000 27,114 D E Karn - Essexville 1,276,000 1,160,699 --------- ---------- Total 1,336,000 1,187,813 Ludington Pumped Storage 954,000 (B) (475,561)(C) Nuclear Generation Palisades - South Haven 760,000 5,104,581 Gas/Oil Combustion Turbine Generation 345,000 62,353 Hydro Generation 73,500 364,684 --------- --------- Total Owned Generation 6,250,300 25,329,291 ========= ==========
20 20 (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 4,450 structural miles of overhead lines. The subtransmission system consists of 4,174 structural miles and 16 subsurface miles of underground lines. The distribution system consists of 53,504 structural miles of overhead lines and 6,952 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, 1999, 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 23,933 miles of distribution mains and 1,156 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. 21 21 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 JunctionMajestic-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. 22 22 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.
ELECTRIC ENERGY Subsidiary State Kwh Revenue Consumers Energy Michigan 38,843,942,000 $ 2,584,098,584 Ontario, Canada* 1,264,643,000 $ 29,687,273 Indiana 244,500,500 $ 18,210,926 Ohio* 26,509,500 $ 2,083,217 CMS Marketing, Services and Trading Company Pennsylvania 63,000,000 $ 4,435,851 Michigan 34,047,000 $ 1,160,818 TOTAL ELECTRIC ENERGY 40,476,642,000 $ 2,639,676,669 * Represents amounts ultimately delivered to the state line by Detroit Edison. NATURAL GAS Subsidiary State Mcf Revenue Consumers Energy Michigan 233,553,551 $ 210,910,112 CMS Marketing, Services and Trading Company Illinois 212,570 $ 530,160 Indiana 451,846 $ 986,731 Iowa 36,975 $ 97,834 Kansas 185,844 $ 386,760 Kentucky 16,809,816 $ 26,661,429 Louisiana 674,731 $ 1,409,563 Michigan 39,826,705 $ 113,725,132 Missouri 29,758 $ 106,219 Pennsylvania 705,020 $ 2,024,236 Tennessee 4,500 $ 14,421 TOTAL NATURAL GAS 292,491,316 $ 356,852,597
Claimant did not sell any manufactured gas at retail. 23 23 (B) NUMBER OF KWH OF ELECTRIC ENERGY AND MCF OF NATURAL OR MANUFACTURED GAS DISTRIBUTED AT RETAIL OUTSIDE THE STATE OF MICHIGAN.
ELECTRIC ENERGY Subsidiary State Kwh Revenue Consumers Energy 0 $ 0 CMS Marketing, Services and Trading Company Pennsylvania 63,000,000 $ 4,435,851 TOTAL ELECTRIC ENERGY 63,000,000 $ 4,435,851 NATURAL GAS Subsidiary State Mcf Revenue Consumers Energy 0 $ 0 CMS Marketing, Services and Trading Company Illinois 212,570 $ 530,160 Indiana 451,846 $ 986,731 Iowa 36,975 $ 97,834 Kansas 185,844 $ 386,760 Kentucky 16,809,816 $ 26,661,429 Louisiana 674,731 $ 1,409,563 Missouri 29,758 $ 106,219 Pennsylvania 705,020 $ 2,024,236 Tennessee 4,500 $ 14,421 TOTAL NATURAL GAS 19,111,060 $ 32,217,353
Claimant did not sell any manufactured gas at retail outside the State of Michigan. 24 24 (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.
ELECTRIC ENERGY Subsidiary State Kwh Revenue Consumers Energy Ontario, Canada * 1,264,643,000 $ 29,687,273 Indiana 244,500,500 $ 18,210,926 Ohio* 26,509,500 $ 2,083,217 CMS Marketing, Services and Trading Company Arkansas 707,200,000 $ 23,183,440 Ohio 2,258,876,000 $ 65,616,618 Pennsylvania 585,600,000 $ 21,401,120 Tennessee 33,600,000 $ 973,056 TOTAL ELECTRIC ENERGY 5,120,929,000 $ 161,155,650 * Represents amounts ultimately delivered to the state line by Detroit Edison. NATURAL GAS Subsidiary State Mcf Revenue Consumers 0 $ 0 CMS Marketing, Services and Trading Company Alabama 2,134,089 $ 5,661,408 Georgia 47,851 $ 121,576 Illinois 411,762 $ 969,608 Indiana 970,728 $ 2,259,208 Kansas 7,738,867 $ 18,811,677 Kentucky 4,868,058 $ 11,011,491 Louisiana 72,484,917 $ 178,522,225 Minnesota 1,734,746 $ 3,824,530 Missouri 7,673,718 $ 19,116,075 New Jersey 5,000 $ 12,350 North Carolina 43,500 $ 118,558 Ohio 20,884,579 $ 7,779,474 Ontario, Canada 455,000 $ 1,421,850 Tennessee 1,696,649 $ 4,331,955 Texas 42,905,508 $ 50,916,581 TOTAL NATURAL GAS 164,054,972 $ 304,878,566
Claimant did not sell any manufactured gas at wholesale outside the State of Michigan. 25 25 (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.
ELECTRIC ENERGY Subsidiary State Kwh Expense Consumers Energy Ontario, Canada * 982,345,000 $ 24,468,000 Indiana 2,721,047,000 $ 61,951,000 Ohio* 164,535,000 $ 5,433,000 CMS Marketing, Services and Trading Company Arkansas 585,600,000 $ 21,091,312 Ohio 2,241,289,000 $ 58,234,244 Pennsylvania 707,200,000 $ 22,906,102 Tennessee 33,600,000 $ 1,037,560 TOTAL ELECTRIC ENERGY 7,435,616,000 $ 195,121,218 * Represents amounts ultimately delivered to the state line by Detroit Edison. NATURAL GAS Subsidiary State Mcf Expense Consumers Energy ** 194,530,000 $ 560,815,000 CMS Marketing, Services and Trading Company Alabama 2,237,191 $ 4,330,886 Georgia 246,939 $ 604,506 Illinois 977,809 $ 2,472,182 Indiana 86,500 $ 237,633 Iowa 45,975 $ 121,986 Kansas 9,232,096 $ 20,768,033 Kentucky 4,882,856 $ 5,553,268 Louisiana 97,434,852 $ 218,242,182 Michigan 69,695,197 $ 163,646,704 Minnesota 1,739,548 $ 3,826,684 Missouri 8,553,134 $ 20,716,149 New Jersey 866,615 $ 2,016,039 North Carolina 46,899 $ 127,377 Ohio 1,164,825 $ 4,330,546 Ontario, Canada 3,218,629 $ 9,204,356 Pennsylvania 1,050,375 $ 2,895,902 Tennessee 4,560,999 $ 11,499,325 Texas 80,752,511 $ 1,545,033 West Virginia 387,960 $ 1,070,881 TOTAL NATURAL GAS 481,710,910 $ 1,034,024,672
Claimant did not purchase any manufactured gas outside the State of Michigan. ** Purchased gas data is not available by State or Country for Consumers. 26 26 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, 1999, CMS Energy had interests in 25 EWGs and 10 foreign utility companies: 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. 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") c/o Maples and Calder P.O. Box 309, Grand Cayman Cayman Islands, British West Indies Cebu, a Cayman Islands company, is an EWG and has indirect 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") c/o Maples and Calder P.O. Box 309, Grand Cayman Cayman Islands, British West Indies 27 27 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 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 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 Pinamucan Limited Duration Company ("Pinamucan") c/o Maples and Calder P.O. Box 309, Grand Cayman Cayman Islands, British West Indies 28 28 Pinamucan, a Cayman Islands company, is an EWG and is located in Cavite Export Processing Zone, Rosario, Cavite, Philippines. CMS Generation Pinamucan Operating Limited Duration Company ("Pinamucan Operating") c/o 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 located in Cavite Export Processing Zone, Rosario, Cavite, Philippines.8. CMS International Operating Company c/o Maples and Calder Ugland House P.O. Box 309, South Church Street George Town, Cayman Islands, British West Indies CMS International Operating Company, a Cayman Islands company, is an EWG and is the operator of a 330 MW combined cycle thermal power plant under construction located at the Takoradi Power Plant Complex near Takoradi at Aboadze in the Western Region of the Republic of Ghana. 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. 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 29 29 the Brazilian states of Minas Gerais and Rio de Janeiro, serving approximately 319,000 customers. Companhia Jaguari De Energia ("Jaguari") Rua Padre Garcia Velho 73-6(degree) andar - conj. 61 Pinheiros CEP 05421-030 Sau Paulo, SP, Brazil Jaguari, a Brazilian company, is a foreign utility company that owns and operates an electricity distribution concession located in the State of Sao Paulo. Jaguari is a non-traded utility company controlled by CPEE. Jaguari serves approximately 19,000 customers. Companhia Luz E Forca De Mocaca ("Mococa") Rua Padre Garcia Velho 73-5(degree) andar - conj. 51 Pinheiros CEP 05421-030 Sau Paulo, SP, Brazil Mococa, a Brazilian company, is a foreign utility company that owns and operates an electricity distribution concession located in the State of Sao Paulo and the State of Minas Gerais. Mococa is a non-traded utility company controlled by CPEE. Mococa serves approximately 30,000 customers. Companhia Paulista De Energia Electrica ("CPEE") Rua Padre Garcia Velho 73-7(degree) andar - conj. 73 CEP 05421-030 Sau Paulo, SP, Brazil CPEE, a Brazilian company, is a foreign utility company that owns and operates an electricity distribution concession in the State of Sao Paulo, Brazil and also has a controlling interest in 3 other non-traded utility companies which own and operate electricity distribution concessions located in the State of Sao Paulo and in the State of Minas Gerais. CPEE and its controlled companies serve approximately 140,000 customers. CPEE also owns a 7 percent interest in Investco S.A. which owns an 850 MW hydroelectric plant currently under construction. Companhia Sul Paulista De Energia ("Paulista") Rua Padre Garcia Velho 73-7(degree) andar - conj. 71 Pinheiros CEP 05421-030 Sau Paulo, SP, Brazil Paulista, a Brazilian company, is a foreign utility company that owns and operates an electricity distribution 30 30 concession located in the State of Sao Paulo. Paulista is a non-traded utility company controlled by CPEE. Paulista serves approximately 48,000 customers. Dearborn Generation Operating, L.L.C. ("Dearborn Generation Operating") Fairlane Plaza South 330 Town Center Drive Dearborn, Michigan 48126 Dearborn Generation Operating, a United States company, is an EWG and is the operator of a 155 MW natural gas-fired facility and an approximately 550 MW natural gas-fired facility under construction located in Dearborn, Michigan. Dearborn Industrial Generation, L.L.C. ("Dearborn Industrial Generation") Fairlane Plaza South 330 Town Center Drive Dearborn, Michigan 48126 Dearborn Industrial Generation, a United States company, is an EWG and is the owner of a 155 MW natural gas-fired facility and an approximately 550 MW natural gas-fired facility under construction located in Dearborn, Michigan. 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 233,000 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 381,000 customers. GMR Vasavi Power Corp. ("GMR Vasavi") 25/1, SKIP House Ground Floor Museum Road Bangalore 560 025 India 31 31 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. 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. 32 32 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. National Power Supply Co. Ltd. ("National Power Supply") Fairlane Plaza South 330 Town Center Drive Dearborn, MI 48126 National Power Supply, a Thailand company, is an EWG and is the owner and operator of two approximately 150 MW coal-fired cogeneration units under construction with biomass fuel capability in the Tha Thuom area, Pranchiburi province, approximately 140 kilometers east of Bangkok, Thailand. PanEnergy Lake Charles Generation, Inc. ("PanEnergy Lake Charles Generation") 5444 Westheimer Road Houston, Texas 77056 PanEnergy Lake Charles Generation, a United States company, is an EWG and is the owner of 50% undivided interest in an electric generating facility with a nominal capacity of 32 MW (16 MW of which is available through the currently operable generator) located near Lake Charles, Louisiana. The facility is operated by Trunkline LNG Company. 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. 33 33 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 92,000 customers. Takoradi International Company c/o Maples and Calder Ugland House P.O. Box 309, South Church Street George Town, Cayman Islands, British West Indies Takoradi International Company, a Cayman Islands company, is an EWG and is the owner of a 330 MW combined cycle thermal power plant under construction located at the Takoradi Power Plant Complex near Takoradi at Aboadze in the Western Region of the Republic of Ghana. (b) NAME OF EACH SYSTEM COMPANY THAT HOLDS AN INTEREST IN SUCH EWG OR FOREIGN UTILITY COMPANY; AND DESCRIPTION OF THE INTEREST HELD. CTSN In May 1993, Inversora San Nicolas S.A. purchased 88% share in CTSN. The remaining 12% interest was held by the Argentine government on behalf of the facility's employees. On July 7, 1995, AES Argentina, Inc. purchased a 99.9% ownership interest in CMS Generation San Nicolas Company, represented by 9,990 newly-issued shares, leaving CMS Generation Co. with a 0.016% indirect ownership interest in CTSN. See Exhibit C. Ensenada CMS Operating S.A. owns 100% 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 Michigan Power LLC CMS Generation Co. owns 100% of CMS Generation Michigan Power LLC. See Exhibit C. 34 34 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. 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. CMS International Operating Company CMS Generation Co. owns 100% of CMS International Operating Company. 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 Enterprises Company and CMS Generation Holdings Company, own 99% and 1%, respectively of CMS Operating S.A. See Exhibit C. Cataguazes Cataguazes is owned 21.56% by CMS Brazil Energia Limitada, 9.18% by Itacatu, S.A., and 51% by GIPAR, S.A. See Exhibit C. Jaguari Jaguari is 79.99% owned by Paulista and 19.99% owned by CPEE. See CPEE below and Exhibit C. Mococa Mococa is 76.47% owned by CPEE and 22.71% owned by Jaguari. See CPEE below and Exhibit C. CPEE CMS Brasil Energia Ltda. owns 95.83% of CPEE. See Exhibit C. Paulista Paulista is 87.27% owned by CPEE. See CPEE above and Exhibit C. 35 35 Dearborn Generation Operating CMS Generation Co. owns 100% of Dearborn Generation Operating. See Exhibit C. Dearborn Industrial Generation Dearborn Industrial Energy L.L.C. owns 100% of Dearborn Industrial Generation. See Exhibit C. EDEER Inversora en Distribucion de Entre Rios S.A. owns 90% of the shares of EDEER. See Exhibit C. Energipe Energisa S.A. owns 84% of Energipe. Cataguazes owns 12.18% 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. See Exhibit C. Hidroelectrica CMS Generation S.A. owns 2.48% of Hidroelectrica. Hidroinvest, S.A. owns 59% of Hidroelectrica. CMS Generation, S.A. owns 25% of Hidroinvest, S.A. See Exhibit 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 43.93% of Jamaica Private Power. See Exhibit C. Jegurupadu Operating Jegurupadu O&M Company Mauritius, 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 a 1% interest as a General Partner in Lakewood Cogeneration, LP. HYDRA-CO Enterprises, Inc. owns a 78% ownership interest as a Limited Partner in Lakewood. CMS Generation Lakewood Company owns a 1% interest in Lakewood. See Exhibit C. 36 36 National Power Supply CMS Generation owns 100% of CMS Generation Operating Company I, which owns 66.24% of National Power Supply. See Exhibit C. PanEnergy Lake Charles Generation Trunkline Field Services Company owns 100% of PanEnergy Lake Charles Generation. See Exhibit C. Private Power HCO-Jamaica, Inc., owns 50% of Private Power. See Exhibit C. SENECA CMS Electric and Gas Company owns 90% of ENELMAR. ENELMAR owns 70% of SENECA. See Exhibit C. Takoradi International Company CMS Takoradi Investment Company II owns 90% of Takoradi International Company. See Exhibit C. (c) TYPE AND AMOUNT OF CAPITAL INVESTED, DIRECTLY OR INDIRECTLY, BY THE HOLDING COMPANY CLAIMING EXEMPTION; ANY DIRECT OR INDIRECT GUARANTEE OF THE SECURITY OF THE EWG OR FOREIGN UTILITY COMPANY BY THE HOLDING COMPANY CLAIMING EXEMPTION; AND ANY DEBT OR OTHER FINANCIAL OBLIGATION FOR WHICH THERE IS RECOURSE, DIRECTLY OR INDIRECTLY, TO THE HOLDING COMPANY CLAIMING EXEMPTION OR ANOTHER SYSTEM COMPANY, OTHER THAN THE EWG OR FOREIGN UTILITY COMPANY. CTSN As of December 31, 1999, 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. Ensenada As of December 31, 1999, CMS Operating S.A. had invested approximately $39 million of equity in Ensenada. Cebu As of December 31, 1999, 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, 1999, CMS Generation Investment Company I and CMS Generation Investment Company II had invested approximately $700 thousand of equity in CMS Generation Cebu Operating. CMSG Horizon As of December 31, 1999, CMS Generation Investment Company I had invested approximately $143 million in CMS Generation Loy Yang Holdings 2 and advanced approximately $158 million to CMSG Horizon. CMS Generation Michigan Power LLC As of December 31, 1999, CMS Generation Co. had invested approximately $221 million of equity in CMS Generation Michigan Power LLC. 37 37 CMS Generation Operating Company As of December 31, 1999, there were no investments made in CMS Generation Operating Company. CMSG Operating Company II As of December 31, 1999, there were no investments made in CMSG Operating Company II. Pinamucan As of December 31, 1999, CMS Generation Investment Company I and CMS Generation Investment Company II had invested approximately $500 thousand of equity in CMS Generation Pinamucan. Pinamucan Operating As of December 31, 1999, CMS Generation Investment Company I and CMS Generation Investment Company II had invested approximately $200 thousand of equity in Pinamucan Operating. CMS International Operating Company As of December 31, 1999, there were no investments in CMS International Operating Company. CMS Morocco As of December 31, 1999, 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, 1999, CMS Generation Co. had invested approximately $245 million of equity in CMS Operating S.A. Cataguazes As of December 31, 1999, CMS Brazil Energia Ltda. had invested $180.7 million and CMS Distribuidora Ltda. had invested $19.4 million in Cataguazes. Jaguari As of December 31, 1999, Paulista has invested $16 million in Jaguari and CPEE has invested $4 million in Jaguari. Mococa As of December 31, 1999, Jaguari has invested $4 million in Mococa and CPEE has invested $12 million in Mococa. CPEE As of December 31, 1999, CMS Brazil Energia has invested $87 million in CPEE. Paulista As of December 31, 1999, CPEE has invested $19 million in Paulista. 38 38 Dearborn Generating Operating As of December 31, 1999, there were no investments made in Dearborn Generation Operating. Dearborn Industrial Generation As of December 31, 1999, CMS Generation had invested $129 million in Dearborn Industrial Generation, LLC. EDEER As of December 31, 1999, CIEESA had invested $86 million in EDEER. Energipe As of December 31, 1999, CMS Distribuidora Ltda. had invested $10.1 million in Energisa. GMR Vasavi As of December 31, 1999, Monetize Ltd. had invested $29 million in GMR Vasavi. GVK As of December 31, 1999, 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, 1999, CMS Generation, S.A. had invested approximately $51 million of equity in, and advanced approximately $12.5 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, 1999, CMS Generation Investment Company I had invested approximately $141 million in CMS Generation Loy Yang Holdings 1 and advanced approximately $157 million to Horizon Energy. Jamaica Private Power As of December 31, 1999, HCE Rockfort Diesel, had invested approximately $21 million in Jamaica Private Power. Jegurupadu Operating As of December 31, 1999, Jegurupadu O&M Company had invested approximately $200 thousand of equity in Jegurupadu Operating, directly and indirectly through Classic Investment I and Classic Investment II. 39 39 Jorf Lasfar As of December 31, 1999, 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, 1999, HCE-Lakewood, Inc. had invested $510,000 of equity in Lakewood. HYDRA-CO Enterprises, Inc. had invested $36,169,000 of equity in Lakewood. National Power Supply As of December 31, 1999, CMS Generation Investment Company I had invested approximately $89 million of equity in National Power Supply. PanEnergy Lake Charles Generation As of December 31, 1999, Trunkline Field Services Company had invested approximately $4 million of equity in PanEnergy Lake Charles Generation. Private Power As of December 31, 1999, there were no investments made in Private Power. SENECA As of December 31, 1999, ENELMAR had invested $63 million in SENECA. Takoradi International Company As of December 31, 1999, CMS Generation Investment Company I had invested approximately $65 million in Takoradi International Company. (d) CAPITALIZATION AND EARNINGS OF THE EWG OR FOREIGN UTILITY COMPANY DURING THE REPORTING PERIOD.
*CTSN: ------ $ (000s) Capitalization at 12/31/99 ---------- Bank Loans $ ---------- Long Term Debt (Partners Loans) $ ---------- Shareholders' Equity $ ---------- Total Capitalization $ ---------- Net Income (Loss) for the period ended 12/31/99 $ ==========
* 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. 40 40 Ensenada
$ (000s) ------------ Capitalization at 12/31/99 Shareholders' Equity $ 12 ------------ Irrevocable Contributions $ 39,117 ------------ Return of Capital $ 0 ------------ Total $ 39,129 ============ Net Income (Loss) for the period ended 12/31/99 $ 759 ============ Cebu ---- $ (000s) ------------ Capitalization at 12/31/99 Shareholders' Equity $ 14,769 ------------ Cumulative Translation Adjustment $ (5,301) ============ Net Income (Loss) for the period ended 12/31/99 $ 1,480 ============ Cebu Operating -------------- $ (000s) ------------ Capitalization at 12/31/99 Shareholders' Equity $ 1,353 ------------ Cumulative Translation Adjustment $ 11 ------------ Net Income (Loss) for the period ended 12/31/99 $ 297 ============ CMSG Horizon ------------ $ (000s) ------------ Capitalization at 12/31/99 Shareholder's Equity $ 62,206 ------------ Cumulative Translation Adjustment $ (42,815) ------------ Net Income (Loss) for the period ended 12/31/99 $ (17,378) ============ CMS Generation Michigan Power LLC --------------------------------- $ (000s) ------------ Capitalization at 12/31/99 Shareholder's Equity $ 74,749 ------------ Net Income (Loss) for the period ended 12/31/99 $ (83) ============ CMS Generation Operating Company --------------------------------
41 41 Capitalization at 12/31/99 $ (000s) ------------ Shareholder's Equity $ 4,542 ------------ Net Income (Loss) for the period ended 12/31/99 $ 1,006 ============ CMSG Operating Company II ------------------------- $ (000s) ------------ Capitalization at 12/31/99 Shareholders' Equity $ 4,318 ------------ Net Income (Loss) for the period ended 12/31/99 $ 817 ============ Pinamucan --------- $ (000s) ------------ Capitalization at 12/31/99 Shareholders' Equity $ (3,696) ------------ Cumulative Translation Adjustment $ (233) ------------ Net Income (Loss) for the period ended 12/31/99 $ (1,654) ============ Pinamucan Operating ------------------- $ (000s) ------------ Capitalization at 12/31/99 Shareholders' Equity $ (787) ------------ Cumulative Translation Adjustment $ 43 ------------ Net Income (Loss) for the period ended 12/31/99 $ (1,331) ============ CMS International Operating Company ----------------------------------- $ (000s) ------------ Capitalization at 12/31/99 Shareholders' Equity $ 7,293 ------------ Net Income (Loss) for the period ended 12/31/99 $ 3,673 ============ CMS Morocco ----------- $ (000s) ------------ Capitalization at 12/31/99 Shareholders' Equity $ 7,293 ------------ Net Income (Loss) for the period ended 12/31/99 $ 3,673 ============
42 42 CMS Operating S.A. ------------------ $ (000s) ------------- Capitalization at 12/31/99 Shareholders Equity $ 35,785 ------------- Irrevocable Contributions $ 245,369 ------------- Total $ 281,154 ------------- Net Income (Loss) for the period ended 12/31/99 $ 5,052 ============= Cataguazes ---------- Capitalization at 12/31/99 $ (000s) ------------- Stockholder's Equity $ 206,347 ------------- Net Income (Loss) for the period ended 12/31/99 $ (19,195) ============= Jaguari ------- Capitalization at 12/31/99 $ (000s) ------------- Shareholders' Equity $ 20,573 ------------- Net Income (Loss) for the period ended 12/31/99 $ 3,406 ============= Mococa ------ Capitalization at 12/31/99 $ (000s) ------------- Shareholders' Equity $ 8,717 ------------- Net Income (Loss) for the period ended 12/31/99 $ 1,533 ============= CPEE ---- $ (000s) ------------- Capitalization at 12/31/99 Shareholders' Equity $ 43,035 ------------- Net Income (Loss) for the period ended 12/31/99 $ 4,930 ============= Paulista -------- $ (000s) ------------- Capitalization at 12/31/99 Shareholders' Equity $ 32,634 -------------
43 43 Net Income (Loss) for the period ended 12/31/99 $ 5,999 ============ Dearborn Generating Operating ----------------------------- $ (000s) ------------ Capitalization at 12/31/99 Shareholders' Equity $ 807 ------------ Net Income (Loss) for the period ended 12/31/99 $ 807 ============ Dearborn Industrial Generation ------------------------------ $ (000s) ------------ Capitalization at 12/31/99 Shareholders' Equity $ 135,774 ------------ Net Income (Loss) for the period ended 12/31/99 $ 6,630 ============ EDEER ----- $ (000s) ------------ Capitalization at 12/31/99 Shareholders' Equity $ 183,786 ------------ Net Income for the period Ended 12/31/99 $ 4.024 ============ Energipe -------- $ (000s) ------------ Capitalization at 12/31/99 Stockholder's Equity $ 240,052 ------------ Net Income (Loss) for the period ended 12/31/99 $ (7,876) ============ GMR Vasavi ---------- $ (000s) ------------ Capitalization at 12/31/99 Shareholder's Equity $ 21,163 ------------ Net Income (Loss) for the period ended 12/31/99 $ 11,407 ============ GVK --- $ (000s) ------------ Capitalization at 12/31/99
44 44 Shareholders' Equity $ 99,720 ----------- Net Income (Loss) for the period ended 12/31/99 $ 11,944 =========== Hidroelectrica: $ (000s) ----------- Capitalization at 12/31/99 Bank Loans $ 200,000 ----------- Shareholders' Equity $ 350,075 ----------- Total Capitalization $ 550,075 =========== *Net Income (Loss) for the period ended 09/30/99 $ 16,529 =========== *Latest financial information available. Horizon Energy Capitalization at 12/31/99 $ (000s) ----------- Shareholder's Equity $ 828 ----------- Net Income (Loss) for the period ended 12/31/99 $ (8,976) ========== Jamaica Private Power $ (000s) ----------- Capitalization at 12/31/99 Shareholders' Equity $ 43,389 ----------- Net Income (Loss) for the period ended 12/31/99 $ 4,181 =========== Jegurupadu Operating $ (000s) ----------- Capitalization at 12/31/99 (estimates) Shareholders' Equity $ (164) ----------- Advance on Equity $ -0- ----------- Cumulative Translation Adjustment $ (127) ----------- Net Income (Loss) for the period ended 12/31/99 (estimate) $ 79 ===========
45 45 Jorf Lasfar $ (000s) ------------ Capitalization at 12/31/99 Shareholders' Equity $ 177,185 ------------ Long Term Loans $ 932,933 ------------ Net Income (Loss) for the period ended 12/31/99 $ 76,128 ============ Lakewood $ (000s) ------------ Capitalization at 12/31/99 Bank Loans $ 174,235 ------------ Shareholders' Equity $ 42,740 ------------ Total Capitalization $ 216,975 ============ Net Income (Loss) for the period ended 12/31/99 $ 7,570 ============ National Power Supply $ (000s) ------------ Capitalization at 12/31/99 Shareholders' Equity $ 134,141 ------------ Net Income (Loss) for the period ended 12/31/99 $ 158 ============ PanEnergy Lake Charles Generation $ (000s) ------------ Capitalization at 12/31/99 Shareholders' Equity $ 3,804 ------------ Net Income (Loss) for the period ended 12/31/99 $ 204 ============ Private Power $ (000s) ------------ Capitalization at 12/31/99 Shareholders' Equity $ 10 ------------ Net Income (Loss) for the period ended 12/31/99 $ -0- ============ SENECA Capitalization at 12/31/99 $ (000s) ------------ Shareholder's Equity $ 78,584 ------------
46 46 Net Income (Loss) for the period ended 12/31/99 $ (17,907) ============ Takoradi International Company $ (000s) ------------ Capitalization at 12/31/99 Shareholders' Equity $ 64,916 ------------ Net Income (Loss) for the period ended 12/31/99 $ -0- ------------
(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, 1999, 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 1999 were $1,309,778. As of December 31, 1999, 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 1999 were $500,004. As of December 31, 1999, Toledo Power Company, owned 47.5% by Cebu, has an operating agreement, effective January 1, 1996, with CMS Generation Cebu Operating Limited Duration Company. Total fees earned in 1999 were $587,475. As of December 31, 1999, total Industry Expertise fee earned by CMS Generation Horizon Energy Holding from Loy Yang were $6,350,802. As of December 31, 1999, 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 1999 were $1,353,057. As of December 31, 1999, 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 1999 were $580,886. As of December 31, 1999, Jamaica Private Power has an operating agreement with Private Power. Total fees earned in 1999 were $140,880. As of December 31, 1999, Jorf Lasfar has an Operating and Maintenance Agreement with CMS Morocco, effective September 4, 1997. Total fees earned in 1999 under the Operating and Maintenance Agreement were $6,696,531. As of December 31, 1999, Jorf Lasfar has a Construction Management Agreement with CMS Resource Development. Total fees earned in 1999 under the Construction Management Agreement were $2,400,000. 47 47 As of December 31, 1999, 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. Total fees earned in 1999 were: Operator Fees $ 472,269 Administrative Fees 329,472 ----------- Total Fees $ 801,741 ===========
As of December 31, 1999, Michigan Power, LLC has an operating and maintenance agreement. Total fees earned in 1999 were $108,337. On November 25, 1998, CMS Venezuela entered into a Management, Supervision and Technical Assistance Agreement with SENECA which became effective on January 1, 1999. Total fees earned in 1999 were $1,391,000. As of December 31, 1999, CMS Generation Company has a Secondment Agreement to second key operational and maintenance personnel to National Power Supply. No fees were earned under this agreement in 1999. 48 48 The above-named Claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 29th day of February, 2000. 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 49 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, 1999 (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 $ - $2,667 $ - $ - $2,667 Gas utility - 1,156 - - 1,156 Independent power production - 50 340 - 390 Oil and gas exploration and production - - 117 (19) 98 Natural gas transmission, storage and processing - - 819 (34) 785 Marketing, services and trading - - 866 (67) 799 Other 14 1 194 (1) 208 ------ ------ ------ ------ ------ Total operating revenue 14 3,874 2,336 (121) 6,103 ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - 336 70 - 406 Purchased power - related parties - 560 - - 560 Purchased and interchange power - 297 212 - 509 Cost of gas sold - 637 1,027 (118) 1,546 Other operation expense (14) 570 552 (3) 1,105 Maintenance - 174 42 - 216 Depreciation, depletion and amortization 2 424 169 - 595 General taxes - 201 53 - 254 ------ ------ ------ ------ ------ Total operating expenses (12) 3,199 2,125 (121) 5,191 ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 26 675 211 - 912 ------ ------ ------ ------ ------ Other Income (Deductions) Dividends and interest from affiliates 27 11 5 (43) - Accretion income - 4 - - 4 Accretion expense - (14) - - (14) Other, net 436 17 3 (436) 20 ------ ------ ------ ------ ------ Total other income (deductions) 463 18 8 (479) 10 ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt 264 140 98 - 502 Other interest 1 41 44 (28) 58 Capitalized interest - - (41) - (41) Preferred dividends - 6 7 (7) 6 Preferred securities distributions 35 21 - - 56 ------ ------ ------ ------ ------ Net fixed charges 300 208 108 (35) 581 ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 189 485 111 (444) 341 Income Taxes (95) 172 (13) - 64 ------ ------ ------ ------ ------ Consolidated Net Income (Loss) before Common Stock Dividends 284 313 124 (444) 277 Dividends on Common Stock 170 262 - (269) 163 ------ ------ ------ ------ ------ Consolidated Net Income (Loss) after Common Stock Dividends $ 114 $ 51 $ 124 $ (175) $ 114 ====== ====== ====== ====== ====== Average Number of CMS Energy Common Shares Outstanding 110,140 Basic Earnings Per CMS Energy Average Common Share $ 2.18 Diluted Earnings Per CMS Energy Average Common Share $ 2.17
(1) Represents CMS Energy Corporation with Consumers Energy Company and CMS Enterprises Company included on the equity method of accounting. 50 CONSUMERS ENERGY COMPANY Consolidating Statement of Income For the Year Ended December 31, 1999 (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 $2,667 $ - $ - $ - $ - $ - $2,667 Gas 1,150 23 - - - (17) 1,156 Other 2 - - 11 39 (1) 51 ------ ------ ------ ------ ------ ------ ------ Total operating revenue 3,819 23 - 11 39 (18) 3,874 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation 336 - - - - - 336 Purchased power - related parties 560 - - - - - 560 Purchased and interchange power 297 - - - - - 297 Cost of gas sold 654 - - - - (17) 637 Other operation expense 563 8 - - - (1) 570 Maintenance 171 3 - - - - 174 Depreciation, depletion and amortization 421 2 - - 1 - 424 General taxes 199 2 - - - - 201 ------ ------ ------ ------ ------ ------ ------ Total operating expenses 3,201 15 - - 1 (18) 3,199 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income 618 8 - 11 38 - 675 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Dividends and interest from affiliates 34 - - - - (23) 11 Accretion income 4 - - - - - 4 Accretion expense (14) - - - - - (14) Other, net 54 - 1 - - (38) 17 ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 78 - 1 - - (61) 18 ------ ------ ------ ------ ------ ------ ------ Interest Charges Interest on long-term debt 139 1 - - - - 140 Other interest 63 - - - - (22) 41 Capitalized interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net interest charges 202 1 - - - (22) 181 ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 494 7 1 11 38 (39) 512 Income Taxes 154 3 - 2 13 - 172 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) 340 4 1 9 25 (39) 340 Preferred Stock Dividends 6 - - - - - 6 Preferred Securities Distribution 21 - - - - - 21 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) Available to Common Stockholder 313 4 1 9 25 (39) 313 Dividends on Common Stock 262 - - - - - 262 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) After Common Dividends $ 51 $ 4 $ 1 $ 9 $ 25 $ (39) $ 51 ====== ====== ====== ====== ====== ====== ======
(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. 51 CMS ENTERPRISES COMPANY Consolidating Statement of Income For the Year Ended December 31, 1999 (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 exploration and production $ - $ 143 $ - $ - $ - $ - $ - Independent power production - - 340 - - - - Natural gas transmission, storage and processing - - - - - - 854 Marketing, services and trading 872 Other (7) - - 17 5 - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue (7) 143 340 17 5 872 854 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - 72 - - - - Purchased and interchange power - - 22 - - 108 - Cost of gas sold - - - - - 705 387 Other operation expense 13 75 92 2 - 50 256 Maintenance - 2 10 - - - 27 Depreciation, depletion and amortization - 44 34 - - 3 68 General taxes 1 5 2 - - 2 26 ------ ------ ------ ------ ------ ------ ------ Total operating expenses 14 126 232 2 - 868 764 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (21) 17 108 15 5 4 90 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Dividends and interest from affiliates 3 - 1 25 - 1 4 Other, net 142 - 4 - - - (3) ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 145 - 5 25 - 1 1 ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - 12 25 - - - 61 Other interest 2 3 16 34 - 1 9 Capitalized interest - (2) (31) - - - (8) Preferred dividends 7 - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges 9 13 10 34 - 1 62 ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 115 4 103 6 5 4 29 ------ ------ ------ ------ ------ ------ ------ Income Taxes (17) (14) 17 2 2 2 (15) ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 122 $ 18 $ 86 $ 4 $ 3 $ 2 $ 44 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 52 CMS ENTERPRISES COMPANY Consolidating Statement of Income For the Year Ended December 31, 1999 (In Millions) (Continued from Previous Page)
CMS CMS Inter- CMS Electric Lake company Enterprises & Gas Muskegon Elimina- Company Company Company tions Consol. Operating Revenue Oil and gas exploration and production $ - $ - $ (26) $ 117 Independent power production - - - 340 Natural gas transmission, storage and processing - - (35) 819 Marketing, services and trading - (6) 866 Other 177 2 - 194 ------ ------ ------ ------ Total operating revenue 177 2 (67) 2,336 ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - (2) 70 Purchased and interchange power 82 - - 212 Cost of gas sold - - (65) 1,027 Other operation expense 64 - - 552 Maintenance 3 - - 42 Depreciation, depletion and amortization 20 - - 169 General taxes 17 - - 53 ------ ------ ------ ------ Total operating expenses 186 - (67) 2,125 ------ ------ ------ ------ Pretax Operating Income (Loss) (9) 2 - 211 ------ ------ ------ ------ Other Income (Deductions) Dividends and interest from affiliates - - (29) 5 Other, net 2 - (142) 3 ------ ------ ------ ------ Total other income (deductions) 2 - (171) 8 ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - 98 Other interest 12 - (33) 44 Capitalized interest - - - (41) Preferred dividends - - - 7 ------ ------ ------ ------ Net fixed charges 12 - (33) 108 ------ ------ ------ ------ Income (Loss) Before Income Taxes (19) 2 (138) 111 ------ ------ ------ ------ Income Taxes (1) 1 - (13) ------ ------ ------ ------ Net Income (Loss) $ (18) $ 1 $ (138) $ 124 ====== ====== ====== ======
(3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc., Monarch Management Corporation, CMS Resource Development Company, CMS Comercializadora de Energia S.A., CMS Energy Asia Private Limited, CMS Energy South America Company and CMS Energy UK Limited consolidated with CMS Oil and Gas Company, CMS Generation Company, CMS Land Company, CMS Lake Muskegon 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. 53 CMS OIL AND GAS COMPANY Consolidating Statement of Income For the Year Ended December 31, 1999 (In Millions)
CMS CMS CMS CMS CMS O&G Oil & Gas Terra Oil & Gas CMS NOMECO Oil & Gas Oil and Gas Alba International Energy, Ecuador Venezuela Congo Company(4) LDC Co. Consol. Ltd. LDC LDC Ltd. Operating Revenue Oil and gas exploration and production $ 26 $ 2 $ 34 $ 14 $ 23 $ 15 $ 4 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 26 2 34 14 23 15 4 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Other operation expense 36 - 15 3 8 5 1 Maintenance 1 - 1 - - - - Depreciation, depletion and amortization 17 1 6 6 6 4 1 General taxes 3 - - 1 - 1 - ------ ------ ------ ------ ------ ------ ------ Total operating expenses 57 1 22 10 14 10 2 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (31) 1 12 4 9 5 2 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates 1 - - 3 - - - Other, net 37 1 - - - - - ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 38 1 - 3 - - - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt 11 1 - - - - - Other interest 7 - - - - - - Capitalized interest (2) - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges 16 1 - - - - - ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes (9) 1 12 7 9 5 2 ------ ------ ------ ------ ------ ------ ------ Income Taxes (27) - 3 - 4 2 - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 18 $ 1 $ 9 $ 7 $ 5 $ 3 $ 2 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 54 CMS OIL AND GAS COMPANY Consolidating Statement of Income For the Year Ended December 31, 1999 (In Millions) (Continued from Previous Page)
CMS Explota- CMS Inter- CMS Oil & Gas ciones CMS Oil & Gas company Oil and Gas E.G. Oil & Gas E.G. Elimina- Company LDC Co. Ltd. tions Consol. Operating Revenue Oil and gas exploration and production $ 1 $ 4 $ 20 $ - $ 143 Other - - - - - ------ ------ ------ ------ ------ Total operating revenue 1 4 20 - 143 ------ ------ ------ ------ ------ Operating Expenses Other operation expense - 3 4 - 75 Maintenance - - - - 2 Depreciation, depletion and amortization - 2 1 - 44 General taxes - - - - 5 ------ ------ ------ ------ ------ Total operating expenses - 5 5 - 126 ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 1 (1) 15 - 17 ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - (4) - Other, net - - - (38) - ------ ------ ------ ------ ------ Total other income (deductions) - - - (42) - ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - 12 Other interest - - - (4) 3 Capitalized interest - - - - (2) ------ ------ ------ ------ ------ Net fixed charges - - - (4) 13 ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 1 (1) 15 (38) 4 ------ ------ ------ ------ ------ Income Taxes - - 4 - (14) ------ ------ ------ ------ ------ Net Income (Loss) $ 1 $ (1) $ 11 $ (38) $ 18 ====== ====== ====== ====== ======
(4) Represents CMS Oil and Gas Company, NOMECO China Oil Co., CMS Oil and Gas Pipeline Company, CMS OIl and Gas International Ltd. and CMS Oil and Gas Holdings Ltd. consolidated with CMS Oil and Gas International Company included on the equity method of accounting. 55 CMS OIL AND GAS INTERNATIONAL COMPANY Consolidating Statement of Income For the Year Ended December 31, 1999 (In Millions)
CMS CMS NOMECO CMS Oil & CMS Oil & Inter- CMS OIl & Oil and Gas International Gas Cote Gas Int'l. Company Gas Inter., International Congo Hld., d'Ivoire Tunisia, Elimina- Inc. Co.(5) Inc. Ltd. Inc. tions Consol. Operating Revenue Oil and gas exploration and production $ - $ 25 $ - $ 9 $ - $ 34 Other - - - - - - ------ ------ ------ ------ ------ ------ Total operating revenue - 25 - 9 - 34 ------ ------ ------ ------ ------ ------ Operating Expenses Other operation expense - 11 2 2 - 15 Maintenance - 1 - - - 1 Depreciation, depletion and amortization - 4 - 2 - 6 General taxes - - - - - - ------ ------ ------ ------ ------ ------ Total operating expenses - 16 2 4 - 22 ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) - 9 (2) 5 - 12 ------ ------ ------ ------ ------ ------ Other Income (Deductions) 7 - - - (7) - ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - - - Other interest - - - - - - ------ ------ ------ ------ ------ ------ Net fixed charges - - - - - - ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 7 9 (2) 5 (7) 12 ------ ------ ------ ------ ------ ------ Income Taxes (2) 3 - 2 - 3 ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 9 $ 6 $ (2) $ 3 $ (7) $ 9 ====== ====== ====== ====== ====== ======
(5) Represents CMS Oil and Gas International Company, CMS Oil and Gas Cameroon Ltd. and CMS Oil and Gas International Transportation Company consolidated. 56 CMS GENERATION COMPANY Consolidating Statement of Income For the Year Ended December 31, 1999 (In Millions)
CMSG CMSG HYDRA-CO CMSG CMS Honey Filer Enter- Grayling CMSG Oxford Generation Lake City prises, Holdings Operating CMS Co.(6) Company Inc. Consol. Company Company Dev. LP Operating Revenue Independent power production $ 26 $ 7 $ 4 $ 73 $ 2 $ 1 $ 1 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 26 7 4 73 2 1 1 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - - 12 - - - Purchased and interchange power - - - - - - - Other operation expense 30 1 - 10 - - - Maintenance - - - 2 - - - Depreciation, depletion and amortization 5 - - 10 - - - General taxes 1 - - 1 - - - ------ ------ ------ ------ ------ ------ ------ Total operating expenses 36 1 - 35 - - - ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (10) 6 4 38 2 1 1 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates 1 - - - - - - Other, net 79 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 80 - - - - - - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - 17 - - - Other interest 16 - - - - - - Capitalized interest (31) - - - - - - ------ ------ ------ ------ ------ ------ ------ Fixed charges (15) - - 17 - - - ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 85 6 4 21 2 1 1 ------ ------ ------ ------ ------ ------ ------ Income Taxes - 2 1 8 1 - - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 85 $ 4 $ 3 $ 13 $ 1 $ 1 $ 1 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 57 CMS GENERATION COMPANY Consolidating Statement of Income For the Year Ended December 31, 1999 (In Millions) (Continued from Previous Page)
Mid- CMSG CMS CMSG CMSG CMS Michigan Inv. Co. Morocco Michigan Holdings Generation CTM Recycling I/II Operating Power Company S.A. Consol. L.L.C. Consol. Co. SCA LLC Operating Revenue Independent power production $ 3 $ (3) $ 135 $ 4 $ 65 $ 7 $ 4 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 3 (3) 135 4 65 7 4 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - 55 2 - - 1 Purchased and interchange power - - 22 - - - - Other operation expense - - 23 2 20 1 1 Maintenance - - 6 - - - 1 Depreciation, depletion and amortization 2 - 15 - 1 - 1 General taxes - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating expenses 2 - 121 4 21 1 4 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 1 (3) 14 - 44 6 - ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - - - - - Other, net 1 - 2 - - - - ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 1 - 2 - - - - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - 6 - 8 - - Other interest - - - - 2 - - Capitalized interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges - - 6 - 10 - - ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 2 (3) 10 - 34 6 - ------ ------ ------ ------ ------ ------ ------ Income Taxes 1 - 5 - (5) 2 - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 1 $ (3) $ 5 $ - $ 39 $ 4 $ - ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 58 CMS GENERATION COMPANY Consolidating Statement of Income For the Year Ended December 31, 1999 (In Millions) (Continued from Previous Page)
Dearborn Dearborn Inter- CMS CMSG CMSG Indust. Generation company Generation Inv. Co. Altoona Generation Operating Elimina- Company III Company LLC LLC tions Consol. Operating Revenue Independent power production $ 4 $ - $ 10 $ 3 $ (6) $ 340 Other - - - - - - ------ ------ ------ ------ ------ ------ Total operating revenue 4 - 10 3 (6) 340 ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - 2 - - 72 Purchased and interchange power - - - - - 22 Other operation expense - - - 2 2 92 Maintenance - - 1 - - 10 Depreciation, depletion and amortization - - - - - 34 General taxes - - - - - 2 ------ ------ ------ ------ ------ ------ Total operating expenses - - 3 2 2 232 ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 4 - 7 1 (8) 108 ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - 2 - - (2) 1 Other, net - - - - (78) 4 ------ ------ ------ ------ ------ ------ - 2 - - (80) 5 ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - (6) 25 Other interest - - - - (2) 16 Capitalized Interest - - - - - (31) ------ ------ ------ ------ ------ ------ Net fixed charges - - - - (8) 10 ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 4 2 7 1 (80) 103 ------ ------ ------ ------ ------ ------ Income Taxes 1 1 - - - 17 ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 3 $ 1 S 7 S 1 $ (80) $ 86 ====== ====== ====== ====== ====== ======
(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 Michigan Power LLC, CMSG Jorf Lasfar III LDC, Taweelah A2 Operating Company 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. 59 HYDRA-CO ENTERPRISES, INC. Consolidating Statement of Income For the Year Ended December 31, 1999 (In Millions)
HYDRA-CO CMS HCE Inter- HYDRO-CO Enter- Generation HCE Rockport- Lakewood company Enter- prises, Oper. Co. Hudson, Diesel, Cogen. Elimina- prises Inc.(7) II Inc. Inc. L.P. tions Consol. Operating Revenue Independent power production $ 10 $ 2 $ 2 $ 2 $ 57 $ - $ 73 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 10 2 2 2 57 - 73 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - - - 12 - 12 Other operation expense (2) 2 - 2 8 - 10 Maintenance (1) - - - 3 - 2 Depreciation, depletion and amortization 1 - - - 9 - 10 General taxes - - - - 1 - 1 ------ ------ ------ ------ ------ ------ ------ Total operating expenses (2) 2 - 2 33 - 35 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income 12 - 2 - 24 - 38 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) 5 1 - - 1 (7) - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - 17 - 17 Other interest - - - - - - - Capitalized interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges - - - - 17 - 17 ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 17 1 2 - 8 (7) 21 ------ ------- ------ ------ ------ ------ ------ Income Taxes 7 - 1 - - - 8 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 10 $ 1 $ 1 $ - $ 8 $ (7) $ 13 ====== ====== ====== ====== ====== ====== ======
(7) Represents HYDRA-CO Enterprises, Inc., CMSG Stratton Company, HCE Appomattox, Inc., HCE Biopower, Inc., HCE Jamaica Development, Inc., HCE Lakewood, Inc., HCE Jamaica, Inc., HCE Imperial Valley, Inc. and New Bern Energy Recovery, Inc. consolidated. 60 CMS CENTRALES TERMICAS S.A. Consolidating Statement of Income For the Year Ended December 31, 1999 (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 $ 2 $ - $ 91 $ 44 $ (2) $ 135 Other - - - - - - ------ ------ ------ ------ ------ ------ Total operating revenue 2 - 91 44 (2) 135 ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - 40 17 (2) 55 Purchased and interchange power - - 21 1 - 22 Other operation expense 2 - 10 11 - 23 Maintenance - - 5 1 - 6 Depreciation, depletion and amortization - - 10 5 - 15 General taxes - - - - - - ------ ------ ------ ------ ------ ------ Total operating expenses 2 - 86 35 (2) 121 ------ ------ ------ ------ ------ ------ Pretax Operating Income - - 5 9 - 14 ------ ------ ------ ------ ------ ------ Other Income (Deductions) 5 4 2 - (9) 2 ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - 6 - 6 Other interest - - - - - - Capitalized Interest - - - - - - ------ ------ ------ ------ ------ ------ Net fixed charges - - - 6 - 6 ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 5 4 7 3 (9) 10 ------ ------ ------ ------ ------ ------ Income Taxes - - 3 2 - 5 ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 5 $ 4 $ 4 $ 1 $ (9) $ 5 ====== ====== ====== ====== ====== ======
61 CMS GENERATION INVESTMENT COMPANY I/II Consolidating Statement of Income For the Year Ended December 31, 1999 (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/II LDC Operating Revenue Independent power production $ 2 $ 1 $ (1) $ 2 $ (2) $ 4 $ (2) Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 2 1 (1) 2 (2) 4 (2) ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - - - - - - Other operation expense (1) - 2 1 - 7 2 Depreciation, depletion and amortization 1 1 - (1) - - - General taxes - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating expenses - 1 2 - - 7 2 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 2 - (3) 2 (2) (3) (4) ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates 38 - - - - - - Other, net 5 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 43 - - - - - - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - - - - Other interest 2 - - - 19 19 - Capitalized interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges 2 - - - 19 19 - ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 43 - (3) 2 (21) (22) (4) ------ ------ ------ ------ ------ ------ ------ Income Taxes 4 - - - (4) (5) - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 39 $ - $ (3) $ 2 $ (17) $ (17) $ (4) ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 62 CMS GENERATION INVESTMENT COMPANY I/II Consolidating Statement of Income For the Year Ended December 31, 1999 (In Millions) (Continued from Previous Page)
National Jorf Jorf Inter- CMSG Power Lasfar Jorf Lasfar company Investment Supply Monetize Handels- Lasfar Power Elimina- Co. I/II Co., Ltd. Limited bolag I HB Energy HB tions Consol. Operating Revenue Independent power production $ 17 $ 5 $ 1 $ 19 $ 19 $ - $ 65 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 17 5 1 19 19 - 65 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - - - - - - Other operation expense 9 - - - - - 20 Depreciation, depletion and amortization - - - - - - 1 General taxes - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating expenses 9 - - - - - 21 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 8 5 1 19 19 - 44 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - - - (38) - Other, net - - - - - (5) - ------ ------ ------ ------ ------ ------ ------ - - - - - (43) - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt 8 - - - - - 8 Other interest - - - - - (38) 2 Capitalized Interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges 8 - - - - (38) 10 ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes - 5 1 19 19 (5) 34 ------ ------ ------ ------ ------ ------ ------ Income Taxes - - - - - - (5) ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ - $ 5 $ 1 $ 19 $ 19 $ (5) $ 39 ====== ====== ====== ====== ====== ====== ======
(8) Represents CMSG Investment Company I, CMSG Investment Company II, CMSG Jorf Lasfar I LDC, CMSG Jorf Lasfar II LDC and CMSG Taweelah Ltd. consolidated. 63 CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Statement of Income For the Year Ended December 31, 1999 (In Millions)
CMS CMS CMS Panhandle CMS CMS Gas CMS Marysville Gas Jackson Eastern Grand Lacs Transmission Antrim Gas Liquids Argentina Pipeline Pipe Line Holding Company(9) Company Company Company Company Co. Consol. Company Operating Revenue Natural gas transmission, storage and processing $ 2 $ 13 $ 4 $ 12 $ 2 $ 343 $ 6 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 2 13 4 12 2 343 6 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Cost of gas sold - - - - - - - Other operation expense 98 2 1 - - 128 1 Maintenance - 1 - - - 23 - Depreciation, depletion and amortization - 2 - 2 1 45 2 General taxes - 1 1 - - 22 - ------ ------ ------ ------ ------ ------ ------ Total operating expenses 98 6 2 2 1 218 3 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (96) 7 2 10 1 125 3 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates 3 - - - - 2 - Other, net 90 - - - - - 2 ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 93 - - - - 2 2 ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - 3 - - - 58 - Other interest 4 - - - - 1 - Capitalized interest (8) - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges (4) 3 - - - 59 - ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 1 4 2 10 1 68 5 ------ ------ ------ ------ ------ ------ ------ Income Taxes (45) 1 1 - - 27 2 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 46 $ 3 $ 1 $ 10 $ 1 $ 41 $ 3 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 64 CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Statement of Income For the Year Ended December 31, 1999 (In Millions) (Continued from Previous Page)
CMS Golds- CMS Gas CMS Gas CMS Grand Inter- CMS Gas field GT Trans. Trans. of Field Lacs Company Transmission Aust. Pty. del Sur Australia Services, Limited Elimina- Company Ltd. Company Trust Inc. Consol. Part. tions Consol. Operating Revenue Natural gas transmission, storage and processing $ 10 $ (3) $ 8 $ 448 $ 9 $ - $ 854 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 10 (3) 8 448 9 - 854 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Cost of gas sold - - - 387 - - 387 Other operation expense - - 3 18 5 - 256 Maintenance - - - 3 - - 27 Depreciation, depletion and amortization - - 2 14 - - 68 General taxes - - 1 1 - - 26 ------ ------ ------ ------ ------ ------ ------ Total operating expenses - - 6 423 5 - 764 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 10 (3) 2 25 4 - 90 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - - - (1) 4 Other, net - 1 - - - (96) (3) ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) - 1 - - - (97) 1 ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - - - 61 Other interest 2 - - 4 - (2) 9 Capitalized interest - - - - - - (8) ------ ------ ------ ------ ------ ------ ------ Net fixed charges 2 - - 4 - (2) 62 ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 8 (2) 2 21 4 (95) 29 ------ ------ ------ ------ ------ ------ ------ Income Taxes 1 - - (2) - - (15) ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 7 $ (2) $ 2 $ 23 $ 4 $ (95) $ 44 ====== ====== ====== ====== ====== ====== ======
(9) Represents CMS Gas Transmission and Storage Company, CMS Saginaw Bay Company, CMS Saginaw Bay Lateral Company and Tristate Pipeline, LLC consolidated with CMS Field Services, Inc. and Panhandle Eastern Pipe Line Company included on the equity method of accounting. 65 PANHANDLE EASTERN PIPE LINE COMPANY Consolidating Statement of Income For the Year Ended December 31, 1999 (In Millions)
Panhandle Inter- CMS Gas Eastern Pipe Trunkline Trunkline Pan Gas Company Transmission Line Co. Gas LNG Storage Elimina- Company Consol. (10) Company Company Company tions Consol. Operating Revenue Natural gas transmission, storage and processing $ 250 $ 114 $ 13 $ 32 $ (66) $ 343 Other - - - - - - ------ ------ ------ ------ ------ ------ Total operating revenue 250 114 13 32 (66) 343 ------ ------ ------ ------ ------ ------ Operating Expenses Cost of gas sold - - - - - - Other operation expense 103 48 5 4 (32) 128 Maintenance 11 10 1 1 - 23 Depreciation, depletion and amortization 29 13 1 2 - 45 General taxes 14 6 1 1 - 22 ------ ------ ------ ------ ------ ------ Total operating expenses 157 77 8 8 (32) 218 ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 93 37 5 24 (34) 125 ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates 14 (12) - - - 2 Other, net - - - - - - ------ ------ ------ ------ ------ ------ Total other income (deductions) 14 (12) - - - 2 ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt 58 - - - - 58 Other interest 1 - - - - 1 Capitalized interest - - - - - - ------ ------ ------ ------ ------ ------ Net fixed charges 59 - - - - 59 ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 48 25 5 24 (34) 68 ------ ------ ------ ------ ------ ------ Income Taxes 7 9 2 9 - 27 ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 41 $ 16 $ 3 $ 15 $ (34) $ 41 ====== ====== ====== ====== ====== ======
(10) Represents Pnahandle Eastern Pipe Line Company, CMS Panhandle Eastern Resources, Inc., CMS Panhandle Storage Company, Trunkline Field Services Company and CMS Trunkline Pipeline Holdings, Inc. consolidated. 66 CMS FIELD SERVICES, INC. Consolidating Statement of Income For the Year Ended December 31, 1999 (In Millions)
CMS CNG/Taurus CNG CNG Cherokee Field Holdings CNG Gas Laverne Nat. Gas Gas Bradshaw Services, Company, Processing, Gas Proc., Gathering Processing Energy Inc.(11) Inc. LLC LLC LLC LLC LLC Operating Revenue Natural gas transmission, storage and processing $ 321 $ 18 $ 54 $ 7 $ 4 $ 22 $ 2 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 321 18 54 7 4 22 2 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Cost of gas sold 289 12 49 5 - 16 - Other operation expense 8 2 1 1 1 2 1 Maintenance - 1 1 - 1 - - Depreciation, depletion and amortization 1 2 3 - 3 3 1 General taxes - 1 - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating expenses 298 18 54 6 5 21 2 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 23 - - 1 (1) 1 - ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - - - - - Other, net - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) - - - - - - - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - - - - Other interest 4 - - - - - - Capitalized interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges 4 - - - - - - ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 19 - - 1 (1) 1 - ------ ------ ------ ------ ------ ------ ------ Income Taxes (2) - - - - - - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 21 $ - $ - $ 1 $ (1) $ 1 $ - ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 67 CMS FIELD SERVICES, INC. Consolidating Statement of Income For the Year Ended December 31, 1999 (In Millions) (Continued from Previous Page)
Heritage Roaring Inter- CMS Gas Creek Company Field Gathering Gas Svcs. Elimina- Services, LLC LLC tions Inc. Consol. Operating Revenue Natural gas transmission, storage and processing $ 16 $ 4 $ - $ 448 Other - - - - ------ ------ ------ ------ Total operating revenue 16 4 - 448 ------ ------ ------ ------ Operating Expenses Cost of gas sold 13 3 - 387 Other operation expense 1 1 - 18 Maintenance - - - 3 Depreciation, depletion and amortization 1 - - 14 General taxes - - - 1 ------ ------ ------ ------ Total operating expenses 15 4 - 423 ------ ------ ------ ------ Pretax Operating Income (Loss) 1 - - 25 ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - - Other, net - - - - ------ ------ ------ ------ Total other income (deductions) - - - - ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - Other interest - - - 4 Capitalized interest - - - - ------ ------ ------ ------ Net fixed charges - - - 4 ------ ------ ------ ------ Income (Loss) Before Income Taxes 1 - - 21 ------ ------ ------ ------ Income Taxes - - - (2) ------ ------ ------ ------ Net Income (Loss) $ 1 $ - $ - $ 23 ====== ====== ====== ======
(11) Represents CMS Field Services, Inc., Continential Spearman Gas Processing, LLC, Continential/Oklahoma Natural Gas Gathering LLC and Continential Hydrocarbons, LLC consolidated. 68 CMS ENERGY CORPORATION Consolidating Balance Sheet - Assets December 31, 1999 (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 $ - $6,981 $ - $ - $ 6,981 Gas - 2,461 - - 2,461 Natural gas transmission, storage and processing - - 1,934 - 1,934 Oil and gas properties - - 817 - 817 Independent power production - - 974 - 974 International energy distribution - - 445 - 445 Other 12 25 25 - 62 ------ ------ ------ ------- ------- 12 9,467 4,195 - 13,674 Less accumulated depreciation, depletion and amortization 7 5,643 507 - 6,157 ------ ------ ------ ------- ------- 5 3,824 3,688 - 7,517 Construction work-in-progress - 199 405 - 604 ------ ------ ------ ------- ------- 5 4,023 4,093 - 8,121 ------ ------ ------ ------- ------- Investments Associated companies 7,061 139 71 (7,271) - Independent power production - - 950 - 950 Natural gas transmission, storage and processing - - 369 - 369 International energy distribution - - 150 - 150 First Midland Limited Partnership - 240 - - 240 Midland Cogeneration Venture - 247 - - 247 Other - - 40 - 40 ------ ------ ------ ------- ------- 7,061 626 1,580 (7,271) 1,996 ------ ------ ------ ------- ------- Current Assets Cash and temporary cash investments (23) 18 137 - 132 Accounts receivable 121 (37) 965 (292) 757 Accrued revenues - 202 - - 202 Inventories to average cost Gas in underground storage - 216 9 - 225 Materials and supplies - 62 96 - 158 Generating plant fuel stock - 46 1 - 47 Deferred income taxes 6 8 19 - 33 Prepayments and other 1 184 78 - 263 ------ ------ ------ ------- ------- 105 699 1,305 (292) 1,817 ------ ------ ------ ------- ------- Non-current Assets Goodwill, net - - 891 - 891 Nuclear decommissioning trust funds - 602 - - 602 Unamortized nuclear costs - 519 - - 519 Postretirement benefits 2 341 5 - 348 Abandoned Midland project - 48 - - 48 Other 1,369 312 917 (1,478) 1,120 ------ ------ ------ ------- ------- 1,371 1,822 1,813 (1,478) 3,528 ------ ------ ------ ------- ------- Total Assets $8,542 $7,170 $8,791 $(9,041) $15,462 ====== ====== ====== ======= =======
(1) Represents CMS Energy Corporation with Consumers Energy Company and CMS Enterprises Company included on the equity method of accounting. 69 CMS ENERGY CORPORATION Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (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 2,970 645 5,306 (6,172) 2,749 Currency translation (108) - (181) 181 (108) Revaluation capital 3 37 19 (56) 3 Retained earnings (189) 485 (307) (178) (189) ------ ------ ------ ------- ------- 2,677 2,008 4,837 (7,066) 2,456 Preferred stock 125 44 49 (174) 44 Company-obligated mandatorily redeemable Trust Preferred Securities of: Consumers Power Company Financing I (a) - 100 - - 100 Consumers Energy Company Financing II (a) - 120 - - 120 Consumers Energy Company Financing III (a) - 175 - - 175 Company-obligated convertible Trust Preferred Securities of CMS Energy Trust I (b) 173 - - - 173 CMS Energy Trust II (b) 301 - - - 301 Company-obligated Trust Preferred Securities of CMS RHINOS Trust (c) 250 - - - 250 Long-term debt 4,236 2,006 2,168 (1,423) 6,987 Non-current capital leases - 85 3 - 88 ------ ------ ------ ------- ------- 7,762 4,538 7,057 (8,663) 10,694 ------ ------ ------ ------- ------- Current Liabilities Current portion of long-term debt 430 55 31 - 516 Current capital leases - 35 1 - 36 Notes payable 135 214 42 (161) 230 Accounts payable 7 224 542 2 775 Accounts payable - related parties - 82 67 (88) 61 Power purchases - 47 - - 47 Accrued interest 83 37 47 (19) 148 Accrued taxes 78 232 20 (10) 320 Accrued refunds - 11 - - 11 Other 9 139 217 (2) 363 ------ ------ ------ ------- ------- 742 1,076 967 (278) 2,507 ------ ------ ------ ------- ------- Non-current Liabilities Deferred income taxes 11 700 70 (78) 703 Postretirement benefits 17 420 48 - 485 Deferred investment tax credit - 125 - - 125 Power purchases - 73 - - 73 Regulatory liabilities for income taxes, net - 64 - - 64 Other 10 174 649 (22) 811 ------ ------ ------ ------- ------- 38 1,556 767 (100) 2,261 ------ ------ ------ ------- ------- Total Stockholders' Equity and Liabilities $8,542 $7,170 $8,791 $(9,041) $15,462 ====== ====== ====== ======= =======
(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. The primary asset of Consumers Energy Company Financing III is $180 million principal amount of 9.25 percent subordinated deferrable interest notes due 2029 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. The primary asset of CMS Energy Trust II is $310 million principal amount of 8.625 percent convertible junior subordinated debentures due July 2004 from CMS Energy. (c) The primary asset of CMS RHINOS Trust is $258 million principal amount of LIBOR plus 1.75 percent subordinated debentures due September 2001 from CMS Energy. (1) Represents CMS Energy Corporation and Consumers Energy Company and CMS Enterprises Company included on the equity method of accounting. 70 CONSUMERS ENERGY COMPANY Consolidating Balance Sheet - Assets December 31, 1999 (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. Plant and Property (At Cost) Electric $6,981 $ - $ - $ - $ - $ - $6,981 Gas 2,346 115 - - - - 2,461 Other 25 - - - - - 25 ------ ------ ------ ------ ------ ------ ------ 9,352 115 - - - - 9,467 Less accumulated depreciation, depletion and amortization 5,587 56 - - - - 5,643 ------ ------ ------ ------ ------ ------ ------ 3,765 59 - - - - 3,824 Construction work-in-progress 196 3 - - - - 199 ------ ------ ------ ------ ------ ------ ------ 3,961 62 - - - - 4,023 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 534 - - - - (395) 139 First Midland Limited Partnership - - - 240 - - 240 Midland Cogeneration Venture - - - - 247 - 247 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 534 - - 240 247 (395) 626 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 5 2 9 1 1 - 18 Accounts receivable (31) 3 - - 10 (19) (37) Accrued revenues 202 - - - - - 202 Inventories to average cost Gas in underground storage 216 - - - - - 216 Materials and supplies 62 - - - - - 62 Generating plant fuel stock 46 - - - - - 46 Deferred income taxes (5) - - 13 - - 8 Postretirement benefits 25 - - - - - 25 Prepayments and other 158 1 - - - - 159 ------ ------ ------ ------ ------ ------ ------ 678 6 9 14 11 (19) 699 ------ ------ ------ ------ ------ ------- ------ Non-current Assets Nuclear decommissioning trust funds 602 - - - - - 602 Unamortized nuclear costs 519 - - - - - 519 Postretirement benefits 337 4 - - - - 341 Abandoned Midland project 48 - - - - - 48 Other 718 1 - - - (407) 312 ------ ------ ------ ------ ------ ------ ------ 2,224 5 - - - (407) 1,822 ------ ------ ------ ------ ------ ------ ------ Total Assets $7,397 $ 73 $ 9 $ 254 $ 258 $ (821) $7,170 ====== ====== ====== ====== ====== ====== ======
(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. 71 CONSUMERS ENERGY COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (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 Stockholders' Equity Common stock $ 841 $ 15 $ - $ - $ - $ (15) $ 841 Other paid-in-capital 658 - 3 34 166 (216) 645 Revaluation capital 37 - - - - - 37 Retained earnings 485 30 6 31 97 (164) 485 ------ ------ ------ ------ ------ ------ ------ 2,021 45 9 65 263 (395) 2,008 Preferred stock 44 - - - - - 44 Company-obligated mandatorily redeemable Trust Preferred Securities of: Consumers Power Company Financing I (a) 100 - - - - - 100 Consumers Energy Company Financing II (a) 120 - - - - - 120 Consumers Energy Company Financing III (a) 175 - - - - - 175 Long-term debt 2,413 - - - - (407) 2,006 Non-current capital leases 85 - - - - - 85 ------ ------ ------ ------ ------ ------ ------ 4,958 45 9 65 263 (802) 4,538 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt 55 - - - - - 55 Current capital leases 35 - - - - - 35 Notes payable 224 5 - - - (15) 214 Accounts payable 220 4 - - - - 224 Accounts payable - related parties 84 1 - - - (3) 82 Power purchases 47 - - - - - 47 Accrued interest 36 1 - - 1 (1) 37 Accrued taxes 227 1 - 4 - - 232 Accrued refunds 3 8 - - - - 11 Other 138 1 - - - - 139 ------ ------ ------ ------ ------ ------ ------ 1,069 21 - 4 1 (19) 1,076 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Deferred income taxes 539 2 - 166 (7) - 700 Postretirement benefits 415 5 - - - - 420 Deferred investment tax credit 105 - - 19 1 - 125 Power purchases 73 - - - - - 73 Regulatory liabilities for income taxes, net 64 - - - - - 64 Other 174 - - - - - 174 ------ ------ ------ ------ ------ ------ ------ 1,370 7 - 185 (6) - 1,556 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $7,397 $ 73 $ 9 $ 254 $ 258 $ (821) $7,170 ====== ====== ====== ====== ====== ====== ======
(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. The primary asset of Consumers Energy Company Financing III is $180 million principal amount of 9.25 percent subordinated deferrable interest notes due 2029 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. 72 CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Assets December 31, 1999 (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. Plant and Property (At Cost) Oil and gas properties $ - $ 817 $ - $ - $ - $ - $ - Natural gas transmission, storage and processing - - - - - - 1,935 Independent power production - - 974 - - - - International energy distribution - - - - - - - Other 3 - - - 15 6 - ------ ------ ------ ------ ------ ------ ------ 3 817 974 - 15 6 1,935 Less accumulated depreciation, depletion and amortization 2 290 76 - - 2 98 ------ ------ ------ ------ ------ ------ ------ 1 527 898 - 15 4 1,837 Construction work-in-progress - - 290 - - - 92 ------ ------ ------ ------ ------ ------ ------ 1 527 1,188 - 15 4 1,929 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 4,922 - - - - - - Independent power production - - 950 - - - - Natural gas transmission, storage and processing - - - - - - 429 International energy distribution - - - - - - - Other 1 2 - - 10 27 - ------ ------ ------ ------ ------ ------ ------ 4,923 2 950 - 10 27 429 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 6 14 23 (4) - 47 25 Accounts receivable 58 81 279 4 - 306 425 Gas in underground storage - - - - - 7 2 Materials and supplies - 26 19 - - - 41 Generating plant fuel stock - - 1 - - - - Deferred income taxes - 8 3 - - - 8 Prepayments and other 9 6 35 12 - 5 11 ------ ------ ------ ------ ------ ------ ------ 73 135 360 12 - 365 512 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - 14 - - 15 805 Postretirement benefits - - 5 - - - - Other 16 23 175 1 - 334 76 ------ ------ ------ ------ ------ ------ ------ 16 23 194 1 - 349 881 ------ ------ ------ ------ ------ ------ ----- Total Assets $5,013 $ 687 $2,692 $ 13 $ 25 $ 745 $3,751 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 73 CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Assets December 31, 1999 (In Millions) (Continued from Previous Page)
CMS CMS Inter- CMS Electric CMS Lake company Enterprises & Gas Capital Muskegon Elimina- Company Company Corp. Company tions Consol. Plant and Property (At Cost) Oil and gas properties $ - $ - $ - $ - $ 817 Natural gas transmission, storage and processing - - - (1) 1,934 Independent power production - - - - 974 International energy distribution 445 - - - 445 Other - 1 - - 25 ------ ------ ------- ------- ------ 445 1 - (1) 4,195 Less accumulated depreciation, depletion and amortization 39 - - - 507 ------ ------ ------- ------- ------ 406 1 - (1) 3,688 Construction work-in-progress 23 - - - 405 ------ ------ ------- ------- ------ 429 1 - (1) 4,093 ------ ------ ------- ------- ------ Investments Associated companies - - - (4,851) 71 Independent power production - - - - 950 Natural gas transmission, storage and processing - - - (60) 369 International energy distribution 150 - - - 150 Other - - - - 40 ------ ------ ------- ------- ------ 150 - - (4,911) 1,580 ------ ------ ------- ------- ------ Current Assets Cash and temporary cash investments 18 8 - - 137 Accounts receivable 75 290 2 (555) 965 Gas in underground storage - - - - 9 Materials and supplies 10 - - - 96 Generating plant fuel stock - - - - 1 Deferred income taxes - - - - 19 Prepayments and other - - - - 78 ------ ------ ------- ------- ------ 103 298 2 (555) 1,305 ------ ------ ------- ------- ------ Non-current Assets Goodwill, net 57 - - - 891 Postretirement benefits - - - - 5 Other 41 326 - (75) 917 ------ ------ ------- ------- ------ 98 326 - (75) 1,813 ------ ------ ------- ------- ------ Total Assets $ 780 $ 625 $ 2 $(5,542) $8,791 ====== ====== ======= ======= ======
(3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc., Monarch Management Company, CMS Comercializadora de Energia S.A., CMS Energy Asia Private Limited, CMS Energy South America Company and CMS Energy UK Limited consolidated with CMS Oil and Gas Company, CMS Generation Company, CMS Land Company, CMS Lake Muskegon 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. 74 CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (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. Capitalization Common Stockholders' Equity Common stock $ 1 $ 173 $ - $ - $ - $ - $ - Other paid-in-capital 5,314 93 2,004 7 21 132 2,087 Currency translation (182) - (93) - - - (5) Revaluation capital 19 1 (7) - - - - Retained earnings (302) 88 (117) 3 (1) 7 (36) ------ ------ ------ ------ ------ ------ ------ 4,850 355 1,787 10 20 139 2,046 Preferred stock 49 - - - - - - Long-term debt - 236 454 - - - 1,180 Non-current capital leases - - - - - - 3 ------ ------ ------ ------ ------ ------ ------ 4,899 591 2,241 10 20 139 3,229 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - 1 24 - - - 6 Current capital leases - - - - - - 1 Notes payable 3 4 119 - 2 26 17 Accounts payable 5 68 124 1 - 210 97 Accounts payable - related parties 89 9 20 - - 18 28 Accrued interest - 4 6 - - - 30 Accrued taxes (7) (3) 28 - - 3 4 Other 8 6 24 1 - 2 138 ------ ------ ------ ------ ------ ------ ------ 98 89 345 2 2 259 321 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits 6 6 4 1 - 3 19 Deferred income taxes 9 (1) 25 - 3 - 33 Deferred investment tax credit - - - - - - - Other 1 2 77 - - 344 149 ------ ------ ------ ------ ------ ------ ------ 16 7 106 1 3 347 201 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $5,013 $ 687 $2,692 $ 13 $ 25 $ 745 $3,751 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 75 CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (In Millions) (Continued from Previous Page)
CMS CMS Inter- CMS Electric Lake CMS company Enterprises & Gas Muskegon Capital Elimina- Company Company Company Corp. tions Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ (174) $ - Other paid-in-capital 589 1 13 (4,955) 5,306 Currency translation (82) - - 181 (181) Revaluation capital - - - 6 19 Retained earnings (33) 1 10 73 (307) ------ ------ ------ ------- ------ 474 2 23 (4,869) 4,837 Preferred stock - - - - 49 Long-term debt 81 - 292 (75) 2,168 Non-current capital leases - - - - 3 ------ ------ ------ ------- ------ 555 2 315 (4,944) 7,057 ------ ------ ------ ------- ------ Current Liabilities Current portion of long-term debt - - - - 31 Current capital leases - - - - 1 Notes payable 4 - 297 (430) 42 Accounts payable 35 - 5 (3) 542 Accounts payable - related parties 6 - 1 (104) 67 Accrued interest - - 7 - 47 Accrued taxes (4) - - (1) 20 Other 38 - - - 217 ------ ------ ------ ------- ------ 79 - 310 (538) 967 ------ ------ ------ ------- ------ Non-current Liabilities Postretirement benefits 9 - - - 48 Deferred income taxes - - - 1 70 Deferred investment tax credit - - - - - Other 137 - - (61) 649 ------ ------ ------ ------- ------ 146 - - (60) 767 ------ ------ ------ ------- ------ Total Stockholders' Equity and Liabilities $ 780 $ 2 $ 625 $(5,542) $8,791 ====== ====== ====== ======= ======
(3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc., Monarch Management Company, CMS Comercializadora de Energia S.A., CMS Energy Asia Private Limited, CMS Energy South America Company and CMS Energy UK Limited consolidated with CMS Oil and Gas Company, CMS Generation Company, CMS Land Company, CMS Lake Muskegon 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. 76 CMS OIL AND GAS COMPANY Consolidating Balance Sheet - Assets December 31, 1999 (In Millions)
CMS Explota- CMS Oil and CMS CMS CMS CMS O&G ciones CMS Gas Inter- Oil & Gas NOMECO Oil & Gas Oil and Gas Alba Oil & Gas national Ecuador Venezuela Interna. Company(4) LDC Co. Ltd. LDC LDC Co. Consol. Plant and Property (Suc Efforts) Oil and gas properties $ 293 $ 10 $ 33 $ - $ 95 $ 61 $ 122 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 293 10 33 - 95 61 122 Less accumulated depreciation, depletion and amortization 138 1 21 - 67 19 18 ------ ------ ------ ------ ------ ------ ------ 155 9 12 - 28 42 104 Construction work-in-progress - - - - - - - ------ ------ ------ ------ ------ ------ ------ 155 9 12 - 28 42 104 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 302 - - 196 - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 302 - - 196 - - - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - 1 - - - 6 Accounts receivable 101 - - 33 5 4 20 Materials and supplies - 1 2 - 2 - 16 Deferred income taxes 8 - - - - - - Prepayments and other - - - - 1 - 1 ------ ------ ------ ------ ------ ------ ------ 109 1 3 33 8 4 43 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Postretirement benefits - - - - - - - Other 3 2 - - - 1 6 ------ ------ ------ ------ ------ ------ ------ 3 2 - - - 1 6 ------ ------ ------ ------ ------ ------ ------ Total Assets $ 569 $ 12 $ 15 $ 229 $ 36 $ 47 $ 153 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 77 CMS OIL AND GAS COMPANY Consolidating Balance Sheet - Assets December 31, 1999 (In Millions) (Continued from Previous Page)
CMS CMS CMS Terra CMS CMS Oil & Gas Oil & Gas NOMECO Energy OIl & Gas Oil & Gas E.G. E.G. Congo Ltd., Pipeline Congo LDC Ltd. LDC Consol. Company Ltd. Plant and Property (Suc Efforts) Oil and gas properties $ 7 $ 108 $ - $ 76 $ - $ 12 Other - - - - - - ------ ------ ------ ------ ------ ------ 7 108 - 76 - 12 Less accumulated depreciation, depletion and amortization 1 6 - 18 - 1 ------ ------ ------ ------ ------ ------ 6 102 - 58 - 11 Construction work-in-progress - - - - - - ------ ------ ------ ------ ------ ------ 6 102 - 58 - 11 ------ ------ ------ ------ ------ ------ Investments Associated companies - - - - - - Other - - - 2 - - ------ ------ ------ ------ ------ ------ - - - 2 - - ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - 5 - 1 - 1 Accounts receivable - 10 - 20 1 - Materials and supplies 1 1 - 2 - 1 Deferred income taxes - - - - - - Prepayments and other - 3 - 1 - - ------ ------ ------ ------ ------ ------ 1 19 - 24 1 2 ------ ------ ------ ------ ------ ------ Non-current Assets Postretirement benefits - - - - - - Other 1 4 - 6 - - ------ ------ ------ ------ ------ ------ 1 4 - 6 - - ------ ------ ------ ------ ------ ------ Total Assets $ 8 $ 125 $ - $ 90 $ 1 $ 13 ====== ====== ====== ====== ====== ======
(Continued on Following Page) 78 CMS OIL AND GAS COMPANY Consolidating Balance Sheet - Assets December 31, 1999 (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 $ - $ 817 Other - - ------ ------ - 817 Less accumulated depreciation, depletion and amortization - 290 ------ ------ - 527 Construction work-in-progress - - ------ ------ - 527 ------ ------ Investments Associated companies (498) - Other - 2 ------ ------ (498) 2 ------ ------ Current Assets Cash and temporary cash investments - 14 Accounts receivable (113) 81 Materials and supplies - 26 Deferred income taxes - 8 Prepayments and other - 6 ------ ------ (113) 135 ------ ------ Non-current Assets Postretirement benefits - - Other - 23 ------ ------ - 23 ------ ------ Total Assets $ (611) $ 687 ====== ======
(4) Represents CMS Oil and Gas Company and NOMECO China Oil Co. consolidated with CMS Oil and Gas International Company and Terra Energy, Ltd. included on the equity method of accounting. 79 CMS OIL AND GAS COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (In Millions)
CMS Explota- CMS Oil & CMS CMS CMS CMS O&G ciones CMS Gas Inter- Oil & Gas NOMECO Oil & Gas Oil and Gas Alba Oil and Gas national Ecuador Venezuela Interna. Company(4) LDC Co. Ltd. LDC LDC Co. Consol. Capitalization Common Stockholders' Equity Common stock $ 173 $ - $ - $ 1 $ - $ - $ - Other paid-in-capital 93 9 51 190 71 43 26 Revaluation capital 1 - - - - - - Retained earnings 88 2 (30) (14) (25) - 21 ------ ------ ------ ------ ------ ------ ------ 355 11 21 177 46 43 47 Preferred stock - - - - - - - Long-term debt 234 - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 589 11 21 177 46 43 47 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - 1 Notes payable 4 - - 47 - - - Accounts payable 15 - 2 - 3 2 22 Accounts payable - related parties (50) - - - - - 78 Accrued interest 9 - - 5 - - - Accrued taxes 2 - (1) - - 2 1 Other 3 - - - - - - ------ ------ ------ ------ ------ ------ ------ (17) - 1 52 3 4 102 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits 6 - - - - - - Deferred income taxes (9) - (7) - (13) - 3 Deferred investment tax credit - - - - - - - Other - 1 - - - - 1 ------ ------ ------ ------ ------ ------ ------ (3) 1 (7) - (13) - 4 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 569 $ 12 $ 15 $ 229 $ 36 $ 47 $ 153 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 80 CMS OIL AND GAS COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (In Millions) (Continued from Previous Page)
CMS CMS Terra CMS CMS CMS Oil & Gas Oil & Gas NOMECO Energy NOMECO Oil & Gas Oil & Gas E.G. E.G. China Ltd., Congo Congo Pipeline LDC Ltd. OIl Co. Consol. LDC Ltd. Co. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 6 63 2 26 - 8 (1) Revaluation capital - - - - - - - Retained earnings 2 14 (2) 32 - 2 1 ------ ------ ------ ------ ------ ------ ------ 8 77 - 58 - 10 - Preferred stock - - - - - - - Long-term debt - - - 2 - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 8 77 - 60 - 10 - ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Notes payable - 5 - - - - - Accounts payable - 11 - 12 - - 1 Accounts payable - related parties - 27 - 2 - 3 - Accrued interest - - - - - - - Accrued taxes - - - (1) - - - Other - - - 3 - - - ------ ------ ------ ------ ------ ------ ------ - 43 - 16 - 3 1 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - 5 - 14 - - - Deferred investment tax credit - - - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ - 5 - 14 - - - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 8 $ 125 $ - $ 90 $ - $ 13 $ 1 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 81 CMS OIL AND GAS COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (In Millions) (Continued from Previous Page)
Inter- CMS company Oil and Gas Elimina- Company tions Consol. Capitalization Common Stockholders' Equity Common stock $ (1) $ 173 Other paid-in-capital (494) 93 Revaluation capital - 1 Retained earnings (3) 88 ------ ------ (498) 355 Preferred stock - - Long-term debt - 236 Non-current capital leases - - ------ ------ (498) 591 ------ ------ Current Liabilities Current portion of long-term debt - 1 Notes payable (52) 4 Accounts payable - 68 Accounts payable - related parties (51) 9 Accrued interest (10) 4 Accrued taxes (6) (3) Other - 6 ------ ------ (119) 89 ------ ------ Non-current Liabilities Postretirement benefits - 6 Deferred income taxes 6 (1) Deferred investment tax credit - - Other - 2 ------ ------ 6 7 ------ ------ Total Stockholders' Equity and Liabilities $ (611) $ 687 ====== ======
(4) Represents CMS Oil and Gas Company consolidated with CMS Oil and Gas International Company and Terra Energy, Ltd. included on the equity method of accounting. 82 CMS OIL AND GAS INTERNATIONAL COMPANY Consolidating Balance Sheet - Assets December 31, 1999 (In Millions)
CMS CMS NOMECO CMS Oil & CMS Inter- CMS Oil & Gas International Gas Int'l Oil & Gas company Oil & Gas International Congo Hld., Tunisia, Cameroon, Elimina- Interna. Co.(5) Inc. Inc. Ltd. tions Co. Consol. Plant and Property (Suc Efforts) Oil and gas properties $ 1 $ 83 $ 36 $ 2 $ - $ 122 Other - - - - - - ------ ------ ------ ------ ------ ------ 1 83 36 2 - 122 Less accumulated depreciation, depletion and amortization - 16 2 - - 18 ------ ------ ------ ------ ------ ------ 1 67 34 2 - 104 Construction work-in-progress - - - - - - ------ ------ ------ ------ ------ ------ 1 67 34 2 - 104 ------ ------ ------ ------ ------ ------ Investments Associated companies 49 - - - (49) - Other - - - - - - ------ ------ ------ ------ ------ ------ 49 - - - (49) - ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - 4 1 1 - 6 Accounts receivable 69 17 6 - (72) 20 Materials and supplies - 14 2 - - 16 Prepayments and other - 1 - - - 1 ------ ------ ------ ------ ------ ------ 69 36 9 1 (72) 43 ------ ------ ------ ------ ------ ------ Non-current Assets Postretirement benefits - - - - - - Other 1 2 2 1 - 6 ------ ------ ------ ------ ------ ------ 1 2 2 1 - 6 ------ ------ ------ ------ ------ ------ Total Assets $ 120 $ 105 $ 45 $ 4 $ (121) $ 153 ====== ====== ====== ====== ====== ======
(5) Represents CMS Oil and Gas International Company, CMS Oil and Gas Cote d'Ivoire Ltd. and CMS Oil and Gas International Transportation Company consolidated. 83 CMS OIL AND GAS INTERNATIONAL COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (In Millions)
CMS CMS NOMECO CMS Oil & CMS OIl & CMS Inter CMS Oil & Gas International Gas Cote Gas Int'l Oil & Gas company Oil & Gas International Congo Hld., d'Ivoire Tunisia, Cameroon, Elimina- Interna. Co.(5) Inc. Ltd. Inc. Inc. tions Co. Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 26 19 6 8 - (33) 26 Retained earnings 21 18 (6) 4 - (16) 21 ------ ------ ------ ------ ------ ------ ------ 47 37 - 12 - (49) 47 Preferred stock - - - - - - - Long-term debt - - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 47 37 - 12 - (49) 47 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - 1 - - - - 1 Notes payable - - - - - - - Accounts payable - 18 - 2 2 - 22 Accounts payable - related parties 73 46 - 29 2 (72) 78 Accrued interest - - - - - - - Accrued taxes - 1 - - - - 1 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 73 66 - 31 4 (72) 102 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - 2 - 1 - - 3 Deferred investment tax credit - - - - - - - Other - - - 1 - - 1 ------ ------ ------ ------ ------ ------ ------ - 2 - 2 - - 4 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 120 $ 105 $ - $ 45 $ 4 $ (121) $ 153 ====== ====== ====== ====== ====== ====== ======
(5) Represents CMS Oil and Gas International Company and CMS Oil and Gas International Transportation Company consolidated. 84 TERRA ENERGY, LTD. Consolidating Balance Sheet - Assets December 31, 1999 (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 $ 76 $ - $ - $ - $ - $ 76 Other - - - - - - ------ ------ ------ ------ ------ ------ 76 - - - - 76 Less accumulated depreciation, depletion and amortization 18 - - - - 18 ------ ------ ------ ------ ------ ------ 58 - - - - 58 Construction work-in-progress - - - - - - ------ ------ ------ ------ ------ ------ 58 - - - - 58 ------ ------ ------ ------ ------ ------ Investments Associated companies 5 - - - (5) - Other 2 - - - - 2 ------ ------ ------ ------ ------ ------ 7 - - - (5) 2 ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 1 - - - - 1 Accounts receivable 21 1 3 1 (6) 20 Materials and supplies 2 - - - - 2 Prepayments and other 1 - - - - 1 ------ ------ ------ ------ ------ ------ 25 1 3 1 (6) 24 ------ ------ ------ ------ ------ ------ Non-current Assets Postretirement benefits - - - - - - Other 6 - - - - 6 ------ ------ ------ ------ ------ ------ 6 - - - - 6 ------ ------ ------ ------ ------ ------ Total Assets $ 96 $ 1 $ 3 $ 1 $ (11) $ 90 ====== ====== ====== ====== ====== ======
85 TERRA ENERGY, LTD. Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (In Millions)
Energy Inter Terra Terra Acquis. company Terra Energy, Pipeline Kristen Oper. Elimina- Energy, Ltd. Co. Corp. Co. tions Ltd. Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - Other paid-in-capital 26 - 1 - (1) 26 Retained earnings 32 - 3 1 (4) 32 ------ ------ ------ ------ ------ ------ 58 - 4 1 (5) 58 Preferred stock - - - - - - Long-term debt 2 - - - - 2 Non-current capital leases - - - - - - ------ ------ ------ ------ ------ ------ 60 - 4 1 (5) 60 ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - Notes payable - - - - - - Accounts payable 12 - - - - 12 Accounts payable - related parties 8 1 (1) - (6) 2 Accrued interest - - - - - - Accrued taxes (1) - - - - (1) Other 3 - - - - 3 ------ ------ ------ ------ ------ ------ 22 1 (1) - (6) 16 ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - Deferred income taxes 14 - - - - 14 Deferred investment tax credit - - - - - - Other - - - - - - ------ ------ ------ ------ ------ ------ 14 - - - - 14 ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 96 $ 1 $ 3 $ 1 $ (11) $ 90 ====== ====== ====== ====== ====== ======
86 CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 1999 (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 Plant and Property (At Cost) Independent power production $ 1 $ - $ - $ - $ - $ - $ - Less accumulated depreciation, depletion and amortization 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - Construction work-in-progress 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 1,685 - - - - - - Other 18 33 15 1 7 - - ------ ------ ------ ------ ------ ------ ------ 1,703 33 15 1 7 - - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - - - - - - Accounts receivable 63 4 2 - - 12 4 Materials and supplies - - - - - - - Generating plant fuel stock - - - - - - - Deferred income taxes 3 - - - - - - Prepayments and other 4 - - - - 5 - ------ ------ ------ ------ ------ ------ ------ 70 4 2 - - 17 4 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - - - - Postretirement benefits - - - - - - - Other 131 - - - - - - ------ ------ ------ ------ ------ ------ ------ 131 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $1,905 $ 37 $ 17 $ 1 $ 7 $ 17 $ 4 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 87 CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 1999 (In Millions) (Continued from Previous Page)
Dearborn Mid- CMSG CMSG HYDRA-CO Indust. CMS CMSG Michigan Invest. Michigan Enter- Generation Generation Recycling Recycling Co. I/II Power prises LLC S.A. Company L.L.C. Consol. LLC Consol. Plant and Property (At Cost) Independent power production $ - $ - $ - $ 3 $ 339 $ 73 $ 242 Less accumulated depreciation, depletion and amortization - - - 1 - 1 33 ------ ------ ------ ------ ------ ------ ------ - - - 2 339 72 209 Construction work-in-progress 221 - - - 66 - - ------ ------ ------ ------ ------ ------ ------ 221 - - 2 405 72 209 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies - - 2 - - - - Other - 40 - - 711 - 82 ------ ------ ------ ------ ------ ------ ------ - 40 2 - 711 - 82 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments (31) - - 2 15 - 1 Accounts receivable - 1 - 2 67 1 45 Materials and supplies - - - - 3 - - Generating plant fuel stock - - - - - 1 - Deferred income taxes - - - - - - - Prepayments and other 17 - - - - 2 3 ------ ------ ------ ------ ------ ------ ------ (14) 1 - 4 85 4 49 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - 14 - - Postretirement benefits - - - - - - - Other - - - - 20 - 23 ------ ------ ------ ------ ------ ------ ------ - - - - 34 - 23 ------ ------ ------ ------ ------ ------ ------ Total Assets $ 207 $ 41 $ 2 $ 6 $1,235 $ 76 $ 363 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 88 CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 1999 (In Millions) (Continued from Previous Page)
CMS Oxford/ CMSG Dearborn CMSG CMSG Morocco CMS Invest. Generation Holdings Altoona CTM Operating Development Company Operating Company Company Consol. Co. SCA L.P. III LLC Plant and Property (At Cost) Independent power production $ - $ - $ 316 $ - $ - $ - $ - Less accumulated depreciation, depletion and amortization - - 40 - - - - ------ ------ ------ ------ ------ ------ ------ - - 276 - - - - Construction work-in-progress - - 2 - - - - ------ ------ ------ ------ ------ ------ ------ - - 278 - - - - ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 1 - - - - - - Other 5 - 9 - 9 20 - ------ ------ ------ ------ ------ ------ ------ 6 - 9 - 9 20 - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - 35 1 - - - Accounts receivable 7 45 53 11 - 7 2 Materials and supplies - - 16 - - - - Generating plant fuel stock - - - - - - - Deferred income taxes - - - - - - - Prepayments and other - - - 2 - 2 - ------ ------ ------ ------ ------ ------ ------ 7 45 104 14 - 9 2 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - - - - Postretirement benefits - - 5 - - - - Other - - 1 - - - - ------ ------ ------ ------ ------ ------ ------ - - 6 - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $ 13 $ 45 $ 397 $ 14 $ 9 $ 29 $ 2 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 89 CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 1999 (In Millions) (Continued from Previous Page)
Inter- CMS company Generation Elimina- Company tions Consol. Plant and Property (At Cost) Independent power production $ - $ 974 Less accumulated depreciation, depletion and amortization - 76 ------- ------ - 898 Construction work-in-progress - 290 ------- ------ - 1,188 ------- ------ Investments Associated companies (1,688) - Other - 950 ------- ------ (1,688) 950 ------- ------ Current Assets Cash and temporary cash investments - 23 Accounts receivable (47) 279 Materials and supplies - 19 Generating plant fuel stock - 1 Deferred income taxes - 3 Prepayments and other - 35 ------- ------ (47) 360 ------- ------ Non-current Assets Goodwill, net - 14 Postretirement benefits - 5 Other - 175 ------- ------ - 194 ------- ------ Total Assets $(1,735) $2,692 ======= ======
(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 Taweelah A2 Operating 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. 90 CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (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 Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ 1 $ - Other paid-in-capital 2,008 10 6 4 7 3 - Currency translation (93) - - - - - - Revaluation capital (7) - - - - - - Retained earnings (119) 16 10 (4) (6) 1 - ------ ------ ------ ------ ------ ------ ------ 1,789 26 16 - 1 5 - Preferred stock - - - - - - - Long-term debt 26 - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 1,815 26 16 - 1 5 - ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable 46 1 - - - - 2 Accounts payable 9 - - 1 - - - Accounts payable - related parties 8 - - - - - - Accrued interest - - - - - - - Accrued taxes (6) 2 - - - 5 1 Other 4 - - - - 6 1 ------ ------ ------ ------ ------ ------ ------ 61 3 - 1 - 11 4 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits 3 - - - - 1 - Deferred income taxes 25 8 1 - 6 - - Deferred investment tax credit - - - - - - - Other 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ 29 8 1 - 6 1 - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $1,905 $ 37 $ 17 $ 1 $ 7 $ 17 $ 4 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 91 CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (In Millions) (Continued from Previous Page)
Dearborn Mid- CMSG CMSG HYDRA-CO Indust. CMS CMSG Michigan Inv. Co. Michigan Enter- Generation Generation Recycling Recycling I/II Power prises LLC S.A. Company L.L.C. Consol. LLC Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 129 44 3 4 846 75 253 Currency translation - - - - (90) - - Revaluation capital - - - - - - - Retained earnings 7 (5) (1) - 108 - (117) ------ ------ ------ ------ ------ ------ ------ 136 39 2 4 864 75 136 Preferred stock - - - - - - - Long-term debt - - - - 194 - 175 Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 136 39 2 4 1,058 75 311 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - 9 - 8 Current capital leases - - - - - - - Notes payable 67 - - 1 41 - 2 Accounts payable 1 2 - 1 85 1 9 Accounts payable - related parties 1 - - - 12 - 1 Accrued interest - - - - 8 - - Accrued taxes - - - - 2 - 6 Other 2 - - - 3 - 1 ------ ------ ------ ------ ------ ------ ------ 71 2 - 2 160 1 27 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - - - - (35) - 16 Deferred investment tax credit - - - - - - - Other - - - - 52 - 9 ------ ------ ------ ------ ------ ------ ------ - - - - 17 - 25 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 207 $ 41 $ 2 $ 6 $1,235 $ 76 $ 363 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 92 CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (In Millions) (Continued from Previous Page)
CMS Oxford/ CMSG Dearborn CMSG CMSG Morocco CMS Invest. Generation Holdings Altoona CTM Operating Development Company Operating Company Company Consol. Co. SCA L.P. III LLC Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 12 39 281 2 41 24 - Currency translation - - - - - (3) - Revaluation capital - - - - - - - Retained earnings (6) 4 5 6 (32) 5 1 ------ ------ ------ ------ ------ ------ ------ 6 43 286 8 9 26 1 Preferred stock - - - - - - - Long-term debt - - 59 - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------- ------ ------ 6 43 345 8 9 26 1 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - 7 - - - - Current capital leases - - - - - - - Notes payable - 1 - - - - (1) Accounts payable - 1 12 3 - - 2 Accounts payable - related parties - - - - - - - Accrued interest - - 1 - - - - Accrued taxes - - 14 3 - 3 - Other - - 7 - - - - ------ ------ ------ ------ ------ ------ ------ - 2 41 6 - 3 1 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes 2 - - - - - - Deferred investment tax credit - - - - - - - Other 5 - 11 - - - - ------ ------ ------ ------ ------ ------ ------ 7 - 11 - - - - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 13 $ 45 $ 397 $ 14 $ 9 $ 29 $ 2 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 93 CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (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 (1,787) 2,004 Currency translation 93 (93) Revaluation capital - (7) Retained earnings 10 (117) ------- ------ (1,685) 1,787 Preferred stock - - Long-term debt - 454 Non-current capital leases - - ------- ------ (1,685) 2,241 ------- ------ Current Liabilities Current portion of long-term debt - 24 Current capital leases - - Notes payable (41) 119 Accounts payable (3) 124 Accounts payable - related parties (2) 20 Accrued interest (3) 6 Accrued taxes (2) 28 Other - 24 ------- ------ (51) 345 ------- ------ Non-current Liabilities Postretirement benefits - 4 Deferred income taxes 2 25 Deferred investment tax credit - - Other (1) 77 ------- ------ 1 106 ------- ------ Total Stockholders' Equity and Liabilities $(1,735) $2,692 ======= ======
(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 Taweelah A2 Operating 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. 94 HYDRA-CO ENTERPRISES, INC. Consolidating Balance Sheet - Assets December 31, 1999 (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. Plant and Property (At Cost) Independent power production $ - $ 3 $ - $ - $ - $ - $ - Less accumulated depreciation, depletion and amortization (6) - - - - - - ------ ------ ------ ------ ------ ------ ------ 6 3 - - - - - Construction work-in-progress - - - - - - - ------ ------ ------ ------ ------ ------ ------ 6 3 - - - - - ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 77 - - - - - 1 Other 46 - 1 2 11 21 - ------ ------ ------ ------ ------ ------ ------ 123 - 1 2 11 21 1 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - 1 - - - - - Accounts receivable 23 9 1 - 1 2 1 Materials and supplies - - - - - - - Prepayments and other - - - - 2 - - ------ ------ ------ ------ ------ ------ ------ 23 10 1 - 3 2 1 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Postretirement benefits - - - - - - - Other 3 - - - - - - ------ ------ ------ ------ ------ ------ ------ 3 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $ 155 $ 13 $ 2 $ 2 $ 14 $ 23 $ 2 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 95 HYDRA-CO ENTERPRISES, INC. Consolidating Balance Sheet - Assets December 31, 1999 (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 $ 239 $ - $ - $ - $ 242 Less accumulated depreciation, depletion and amortization 39 - - - 33 ------ ------ ------ ------ ------ 200 - - - 209 Construction work-in-progress - - - - - ------ ------ ------ ------ ------ 200 - - - 209 ------ ------ ------ ------ ------ Investments Associated companies - - - (78) - Other - 1 - - 82 ------ ------ ------ ------ ------ - 1 - (78) 82 ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - - - 1 Accounts receivable 8 - 5 (5) 45 Materials and supplies - - - - - Prepayments and other 1 - - - 3 ------ ------ ------ ------ ------ 9 - 5 (5) 49 ------ ------ ------ ------ ------ Non-current Assets Postretirement benefits - - - - - Other 18 - 2 - 23 ------ ------ ------ ------ ------ 18 - 2 - 23 ------ ------ ------ ------ ------ Total Assets $ 227 $ 1 $ 7 $ (83) $ 363 ====== ====== ====== ====== ======
(7) Represents HYDRA-CO Enterprises, Inc. and HCE Jamaica Development, Inc. consolidated. 96 HYDRO-CO ENTERPRISES, INC. Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (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 Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 253 4 2 1 9 19 1 Currency translation - - - - - - - Revaluation capital - - - - - - - Retained earnings (121) - - 1 4 - - ------ ------ ------ ------ ------ ------ ------ 132 4 2 2 13 19 1 Preferred stock - - - - - - - Long-term debt - - - - - 1 - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 132 4 2 2 13 20 1 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable 1 - - - - - 1 Accounts payable 4 6 - - - - - Accounts payable - related parties 2 1 - - - - - Accrued interest - - - - - - - Accrued taxes 4 1 - - - - - Other (1) 1 - - - - - ------ ------ ------ ------ ------ ------ ------ 10 9 - - - - 1 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes 13 - - - 1 3 - Deferred investment tax credit - - - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 13 - - - 1 3 - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 155 $ 13 $ 2 $ 2 $ 14 $ 23 $ 2 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 97 HYDRO-CO ENTERPRISES, INC. Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (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 Stockholders' Equity Common stock $ - $ - $ - $ - $ - Other paid-in-capital 35 2 20 (93) 253 Currency translation - - - - - Revaluation capital - - - - - Retained earnings 8 - (15) 6 (117) ------ ------ ------ ------ ------ 43 2 5 (87) 136 Preferred stock - - - - - Long-term debt 174 - - - 175 Non-current capital leases - - - - - ------ ------ ------ ------ ------ 217 2 5 (87) 311 ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt 8 - - - 8 Current capital leases - - - - - Notes payable - - - - 2 Accounts payable 2 - - (3) 9 Accounts payable - related parties - - - (2) 1 Accrued interest - - - - - Accrued taxes - - 1 - 6 Other - - 1 - 1 ------ ------ ------ ------ ------ 10 - 2 (5) 27 ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - Deferred income taxes - (1) - - 16 Deferred investment tax credit - - - - - Other - - - 9 9 ------ ------ ------ ------ ------ - (1) - 9 25 ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 227 $ 1 $ 7 $ (83) $ 363 ====== ====== ====== ====== ======
(7) Represents HYDRA-CO Enterprises, Inc. and HCE Jamaica Development, Inc. consolidated. 98 CMS CENTRALES TERMICAS S.A Consolidating Balance Sheet - Assets December 31, 1999 (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 $ - $ 218 $ 94 $ - $ 316 Less accumulated depreciation, depletion and amortization - - 29 11 - 40 ------ ------ ------ ------ ------- ------ 4 - 189 83 - 276 Construction work-in-progress - - 2 - - 2 ------ ------ ------ ------ ------- ------ 4 - 191 83 - 278 ------ ------ ------ ------ ------- ------ Investments Associated companies 271 236 - - (507) - Other 9 - - - - 9 ------ ------ ------ ------ ------- ------ 280 236 - - (507) 9 ------ ------ ------ ------ ------- ------ Current Assets Cash and temporary cash investments 1 - 25 9 - 35 Accounts receivable 2 - 31 21 (1) 53 Materials and supplies - - 16 - - 16 Deferred income taxes - - - - - - Prepayments and other - - - - - - ------ ------ ------ ------ ------- ------ 3 - 72 30 (1) 104 ------ ------ ------ ------ ------- ------ Non-current Assets Postretirement benefits - - 5 - - 5 Other - - - 1 - 1 ------ ------ ------ ------ ------- ------ - - 5 1 - 6 ------ ------ ------ ------ ------- ------ Total Assets $ 287 $ 236 $ 268 $ 114 $ (508) $ 397 ====== ====== ====== ====== ======= ======
99 CMS CENTRALES TERMICAS S.A Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (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 Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - Other paid-in-capital 278 236 229 39 (501) 281 Currency translation - - - - - - Revaluation capital - - - - - - Retained earnings 5 - 7 (1) (6) 5 ------ ------ ------ ------ ------- ------ 283 236 236 38 (507) 286 Preferred stock - - - - - - Long-term debt - - - 59 - 59 Non-current capital leases - - - - - - ------ ------ ------ ------ ------- ------ 283 236 236 97 (507) 345 ------ ------ ------ ------ ------- ------ Current Liabilities Current portion of long-term debt - - - 7 - 7 Current capital leases - - - - - - Notes payable - - - - - - Accounts payable 2 - 5 5 - 12 Accounts payable - related parties 1 - - - (1) - Accrued interest - - - 1 - 1 Accrued taxes 1 - 10 3 - 14 Other - - 6 1 - 7 ------ ------ ------ ------ ------- ------ 4 - 21 17 (1) 41 ------ ------ ------ ------ ------- ------ Non-current Liabilities Postretirement benefits - - - - - - Deferred income taxes - - - - - - Deferred investment tax credit - - - - - - Other - - 11 - - 11 ------ ------ ------ ------ ------- ------ - - 11 - - 11 ------ ------ ------ ------ ------- ------ Total Stockholders' Equity and Liabilities $ 287 $ 236 $ 268 $ 114 $ (508) $ 397 ====== ====== ====== ====== ======= ======
100 CMS GENERATION INVESTMENT COMPANY I/II Consolidating Balance Sheet - Assets December 31, 1999 (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 477 - - - - - - Other 90 1 - 16 203 207 (1) ------ ------ ------ ------ ------ ------ ------ 567 1 - 16 203 207 (1) ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - 1 3 3 2 2 - Accounts receivable 348 - 6 (2) - 7 - Materials and supplies - - - - - - - Deferred income taxes - - - - - - - Prepayments and other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 348 1 9 1 2 9 - ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net 14 - - - - - - Postretirement benefits - - - - - - - Other - 7 - - - - - ------ ------ ------ ------ ------ ------ ------ 14 7 - - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $ 929 $ 9 $ 9 $ 17 $ 205 $ 216 $ (1) ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 101 CMS GENERATION INVESTMENT COMPANY I/II Consolidating Balance Sheet - Assets December 31, 1999 (In Millions) (Continued from Previous Page)
CMSG Jorf Jorf National Jorf Lasfar Jorf Lasfar CMSG Takoradi Power Lasfar Handels- Lasfar Power Taweelah Int'l Supply II Ltd. bolag I HB Energy HB Ltd. Company Co., Ltd. Plant and Property (At Cost) Independent power production $ - $ - $ - $ - $ - $ - $ 339 Less accumulated depreciation, depletion and amortization - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - 339 Construction work-in-progress - - - - - 66 - ------ ------ ------ ------ ------ ------ ------ - - - - - 66 339 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies - - - - - - - Other (1) 4 44 41 74 - - ------ ------ ------ ------ ------ ------ ------ (1) 4 44 41 74 - - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - - - - - 4 Accounts receivable - - - - - 6 26 Materials and supplies - - - - - - 3 Deferred income taxes - - - - - - - Prepayments and other - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - 6 33 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - - - - Postretirement benefits - - - - - - - Other - - - - - 1 12 ------ ------ ------ ------ ------ ------ ------ - - - - - 1 12 ------ ------ ------ ------ ------ ------ ------ Total Assets $ (1) $ 4 $ 44 $ 41 $ 74 $ 73 $ 384 ====== ====== ====== ====== ====== ====== ======
(Continued on Following page) 102 CMS GENERATION INVESTMENT COMPANY I/II Consolidating Balance Sheet - Assets December 31, 1999 (In Millions) (Continued from Previous Page)
Inter- CMSG company Investment Monetize Elimina- Co. I/II Limited tions Consol. Plant and Property (At Cost) Independent power production $ - $ - $ 339 Less accumulated depreciation, depletion and amortization - - - ------ ------ ------ - - 339 Construction work-in-progress - - 66 ------ ------ ------ - - 405 ------ ------ ------ Investments Associated companies - (477) - Other 33 - 711 ------ ------ ------ 33 (477) 711 ------ ------ ------ Current Assets Cash and temporary cash investments - - 15 Accounts receivable - (324) 67 Materials and supplies - - 3 Deferred income taxes - - - Prepayments and other - - - ------ ------ ------ - (324) 85 ------ ------ ------ Non-current Assets Goodwill, net - - 14 Postretirement benefits - - - Other - - 20 ------ ------ ------ - - 34 ------ ------ ------ Total Assets $ 33 $ (801) $1,235 ====== ====== ======
(8) Represents CMSG Investment Company I and CMSG Investment Company II consolidated. 103 CMS GENERATION INVESTMENT COMPANY I/II Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (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 Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 848 - - 16 141 143 - Currency translation (91) - - (5) (39) (43) - Revaluation capital - - - - - - - Retained earnings 106 - (5) 5 (40) (37) (2) ------ ------ ------ ------ ------ ------ ------ 863 - (5) 16 62 63 (2) Preferred stock - - - - - - - Long-term debt - - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 863 - (5) 16 62 63 (2) ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable 41 9 - - 157 158 - Accounts payable 10 - 14 1 2 10 1 Accounts payable - related parties 12 - - - - - - Accrued interest 4 - - - - - - Accrued taxes (1) - - - 1 2 - Other 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ 67 9 14 1 160 170 1 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes (1) - - - (17) (17) - Deferred investment tax credit - - - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ (1) - - - (17) (17) - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 929 $ 9 $ 9 $ 17 $ 205 $ 216 $ (1) ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 104 CMS GENERATION INVESTMENT COMPANY I/II Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (In Millions) (Continued from Previous Page)
CMSG Jorf Jorf National Jorf Lasfar Jorf Lasfar CMSG Takoradi Power Lasfar Handels- Lasfar Power Taweelah Int'l Supply II Ltd. bolag I HB Energy HB Ltd. Company Co., Ltd. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital - 1 6 4 74 65 134 Currency translation - - - - - - - Revaluation capital - - - - - - - Retained earnings (2) 3 38 37 - - - ------ ------ ------ ------ ------ ------ ------ (2) 4 44 41 74 65 134 Preferred stock - - - - - - - Long-term debt - - - - - - 194 Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ (2) 4 44 41 74 65 328 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - 9 Current capital leases - - - - - - - Notes payable - - - - - - - Accounts payable 1 - - - - - 43 Accounts payable - related parties - - - - - - - Accrued interest - - - - - - 4 Accrued taxes - - - - - - - Other - - - - - 2 - ------ ------ ------ ------ ------ ------ ------ 1 - - - - 2 56 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - - - - - - - Deferred investment tax credit - - - - - - - Other - - - - - 6 - ------ ------ ------ ------ ------ ------ ------ - - - - - 6 - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ (1) $ 4 $ 44 $ 41 $ 74 $ 73 $ 384 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 105 CMS GENERATION INVESTMENT COMPANY I/II Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (In Millions) (Continued from Previous Page)
Inter- CMSG company Investment Monetize Elimina- Co. I/II Limited tions Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - Other paid-in-capital 29 (615) 846 Currency translation (1) 89 (90) Revaluation capital - - - Retained earnings 5 - 108 ------ ------ ------ 33 (526) 864 Preferred stock - - - Long-term debt - - 194 Non-current capital leases - - - ------ ------ ------ 33 (526) 1,058 ------ ------ ------ Current Liabilities Current portion of long-term debt - - 9 Current capital leases - - - Notes payable - (324) 41 Accounts payable - 3 85 Accounts payable - related parties - - 12 Accrued interest - - 8 Accrued taxes - - 2 Other - - 3 ------ ------ ------ - (321) 160 ------ ------ ------ Non-current Liabilities Postretirement benefits - - - Deferred income taxes - - (35) Deferred investment tax credit - - - Other - 46 52 ------ ------ ------ - 46 17 ------ ------ ------ Total Stockholders' Equity and Liabilities $ 33 $ (801) $1,235 ====== ====== ======
(8) Represents CMSG Investment Company I and CMSG Investment Company II consolidated. 106 CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Balance Sheet - Assets December 31, 1999 (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 transmission, storage and processing $ - $ 53 $ - $ - $ - $ - $ 10 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ - 53 - - - - 10 Less accumulated depreciation, depletion and amortization - 12 - - - - 2 ------ ------ ------ ------ ------ ------ ------ - 41 - - - - 8 Construction work-in-progress 2 - - - - - - ------ ------ ------ ------ ------ ------ ------ 2 41 - - - - 8 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 1,874 - - - - - - Other 21 - 5 - 152 160 - ------ ------ ------ ------ ------ ------ ------ 1,895 - 5 - 152 160 - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 1 - - - - - 1 Accounts receivable 144 5 - - 11 - - Gas in underground storage 2 - - - - - - Materials and supplies - 1 - - - - - Deferred income taxes - - - - - - - Prepayments and other 1 1 - - - - - ------ ------ ------ ------ ------ ------ ------ 148 7 - - 11 - 1 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - 6 2 - 43 - Postretirement benefits - - - - - - - Other 51 - - - 1 - - ------ ------ ------ ------ ------ ------ ------ 51 - 6 2 1 43 - ------ ------ ------ ------ ------ ------ ------ Total Assets $2,096 $ 48 $ 11 $ 2 $ 164 $ 203 $ 9 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 107 CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Balance Sheet - Assets December 31, 1999 (In Millions) (Continued from Previous Page)
CMS Panhandle CMS CMS Gas CMS Gold- CMS Marysville Eastern Field Tristate Trans. of fields GT Grand Lacs Gas Liquids Pipe Line Services Pipeline Australia Aust. Pty. Holding Company Co. Consol. Co. Consol. LLC Trust Ltd. Company Plant and Property (At Cost) Natural gas transmission, storage and processing $ 3 $1,529 $ 265 $ - $ 46 $ - $ 29 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 3 1,529 265 - 46 - 29 Less accumulated depreciation, depletion and amortization - 56 16 - 6 - 6 ------ ------ ------ ------ ------ ------ ------ 3 1,473 249 - 40 - 23 Construction work-in-progress - 45 36 6 3 - - ------ ------ ------ ------ ------ ------ ------ 3 1,518 285 6 43 - 23 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies - - - - - - 2 Other 16 2 2 - - 71 - ------ ------ ------ ------ ------ ------ ------ 16 2 2 - - 71 2 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments (2) - 1 - 19 4 - Accounts receivable 9 206 55 - 2 2 2 Gas in underground storage - - - - - - - Materials and supplies - 34 6 - - - - Deferred income taxes - 8 - - - - - Prepayments and other 1 8 - - - - - ------ ------ ------ ------ ------ ------ ------ 8 256 62 - 21 6 2 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - 754 - - - - - Postretirement benefits - - - - - - - Other 12 12 - - - - - ------ ------ ------ ------ ------ ------ ------ 12 766 - - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $ 39 $2,542 $ 349 $ 6 $ 64 $ 77 $ 27 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 108 CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Balance Sheet - Assets December 31, 1999 (In Millions) (Continued from Previous Page)
Grand Inter- CMS Gas Lacs company Tran. & Stor. Limited Elimina- Company Part. tions Consol. Plant and Property (At Cost) Natural gas transmission, storage and processing $ - $ - $1,935 Other - - - ------ ------- ------ - - 1,935 Less accumulated depreciation, depletion and amortization - - 98 ------ ------- ------ - - 1,837 Construction work-in-progress - - 92 ------ ------- ------ - - 1,929 ------ ------- ------ Investments Associated companies - (1,876) - Other - - 429 ------ ------- ------ - (1,876) 429 ------ ------- ------ Current Assets Cash and temporary cash investments 1 - 25 Accounts receivable 3 (14) 425 Gas in underground storage - - 2 Materials and supplies - - 41 Deferred income taxes - - 8 Prepayments and other - - 11 ------ ------- ------ 4 (14) 512 ------ ------- ------ Non-current Assets Goodwill, net - - 805 Postretirement benefits - - - Other - - 76 ------ ------- ------ - - 881 ------ ------- ------ Total Assets $ 4 $(1,890) $3,751 ====== ======= ======
(9) Represents CMS Gas Transmission and Storage Company consolidated with CMS Field Services, Inc. and Panhandle Eastern Pipe Line Company included on the equity method of accounting. 109 CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (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 Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 2,111 - 10 3 94 168 2 Currency translation (5) - - - - - - Retained earnings (36) - (1) (1) (2) 35 - ------ ------ ------ ------ ------ ------ ------ 2,070 - 9 2 92 203 2 Preferred stock - - - - - - - Long-term debt - 33 - - - - 4 Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 2,070 33 9 2 92 203 6 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - 6 - - - - - Current capital leases - - - - - - - Notes payable 15 - - - - - - Accounts payable - 1 - - - - - Accounts payable - related parties 16 - - - 11 - - Accrued interest - - - - - - - Accrued taxes (4) 1 - - - - 1 Other 20 - - - - - - ------ ------ ------ ------ ------ ------ ------ 47 8 - - 11 - 1 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits 2 - - - - - - Deferred income taxes (26) 7 2 - - - 1 Deferred investment tax credit - - - - - - - Other 3 - - - 61 - 1 ------ ------ ------ ------ ------ ------ ------ (21) 7 2 - 61 - 2 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $2,096 $ 48 $ 11 $ 2 $ 164 $ 203 $ 9 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 110 CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (In Millions)
CMS Panhandle CMS CMS Gas CMS Gold- CMS Marysville Eastern Field Tristate Trans. of fields GT Grand Lacs Gas Liquids Pipe Line Services Pipeline Australia Aust. Pty. Holding Company Co. Consol. Co. Consol. LLC Trust Ltd. Company Capitalization Common Stockholders' Equity Common stock $ - $ 1 $ - $ - $ - $ - $ - Other paid-in-capital 31 1,127 179 6 67 66 28 Currency translation - - - - (8) 3 - Retained earnings 2 - 32 - 1 7 (2) ------ ------ ------ ------ ------ ------ ------ 33 1,128 211 6 60 76 26 Preferred stock - - - - - - - Long-term debt - 1,094 49 - - - - Non-current capital leases - - 3 - - - - ------ ------ ------ ------ ------ ------ ------ 33 2,222 263 6 60 76 26 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - 1 - - - - Notes payable 2 - - - - - - Accounts payable 1 38 56 - 1 - - Accounts payable - related parties 1 14 - - - - - Accrued interest - 30 - - - - - Accrued taxes 1 1 - - 3 1 - Other 1 115 2 - - - - ------ ------ ------ ------ ------ ------ ------ 6 198 59 - 4 1 - ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - 17 - - - - - Deferred income taxes - 36 12 - - - 1 Deferred investment tax credit - - - - - - - Other - 69 15 - - - - ------ ------ ------ ------ ------ ------ ------ - 122 27 - - - 1 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 39 $2,542 $ 349 $ 6 $ 64 $ 77 $ 27 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 111 CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (In Millions) (Continued from Previous Page)
Grand Inter- CMS Gas Lacs company Tran. & Stor. Limited Elimina- Company Part. tions Consol. Capitalization Common Stockholders' Equity Common stock $ - $ (1) $ - Other paid-in-capital - (1,805) 2,087 Currency translation - 5 (5) Retained earnings 4 (75) (36) ------ ------- ------ 4 (1,876) 2,046 Preferred stock - - - Long-term debt - - 1,180 Non-current capital leases - - 3 ------ ------- ------ 4 (1,876) 3,229 ------ ------- ------ Current Liabilities Current portion of long-term debt - - 6 Current capital leases - - 1 Notes payable - - 17 Accounts payable - - 97 Accounts payable - related parties - (14) 28 Accrued interest - - 30 Accrued taxes - - 4 Other - - 138 ------ ------- ------ - (14) 321 ------ ------- ------ Non-current Liabilities Postretirement benefits - - 19 Deferred income taxes - - 33 Deferred investment tax credit - - - Other - - 149 ------ ------- ------ - - 201 ------ ------- ------ Total Stockholders' Equity and Liabilities $ 4 $(1,890) $3,751 ====== ======= ======
(9) Represents CMS Gas Transmission and Storage Company consolidated with CMS Field Services, Inc and Panhandle Eastern Pipe Line Company included on the equity method of accounting. 112 PANHANDLE EASTERN PIPE LINE COMPANY Consolidating Balance Sheet - Assets December 31, 1999 (In Millions)
Panhandle Inter- Panhandle Eastern Pipe Trunkline Trunkline Pan Gas company Eastern Line Co. Gas LNG Storage Elimina- Pipe Line Consol. (10) Company Company Company tions Co. Cons. Plant and Property (At Cost) Natural gas transmission, storage and processing $ 684 $ 629 $ 28 $ 188 $ - $1,529 Other - - - - - - ------ ------ ------ ------ ------- ------ 684 629 28 188 - 1,529 Less accumulated depreciation, depletion and amortization 32 21 1 2 - 56 ------ ------ ------ ------ ------- ------ 652 608 27 186 - 1,473 Construction work-in-progress 29 16 - - - 45 ------ ------ ------ ------ ------- ------ 681 624 27 186 - 1,518 ------ ------ ------ ------ ------- ------ Investments Associated companies 739 - - - (739) - Other 2 - - - - 2 ------ ------ ------ ------ ------- ------ 741 - - - (739) 2 ------ ------ ------ ------ ------- ------ Current Assets Cash and temporary cash investments - - - - - - Accounts receivable 273 121 7 69 (264) 206 Gas in underground storage - - - - - - Materials and supplies 13 17 4 - - 34 Deferred income taxes 8 - - - - 8 Prepayments and other 1 6 - 1 - 8 ------ ------ ------ ------ ------- ------ 295 144 11 70 (264) 256 ------ ------ ------ ------ ------- ------ Non-current Assets Goodwill, net 754 - - - - 754 Postretirement benefits - - - - - - Other 111 1 - - (100) 12 ------ ------ ------ ------ ------- ------ 865 1 - - (100) 766 ------ ------ ------ ------ ------- ------ Total Assets $2,582 $ 769 $ 38 $ 256 $(1,103) $2,542 ====== ====== ====== ====== ======= ======
(10) Represents Panhandle Eastern Pipe Line Company, CMS Panhandle Eastern Resources, Inc., CMS Panhandle Storage Company, Trunkline Field Services Company and CMS Trunkline Pipeline Holdings, Inc. consolidated. 113 PANHANDLE EASTERN PIPE LINE COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (In Millions)
Panhandle Inter- Panhandle Eastern Pipe Trunkline Trunkline Pan Gas company Eastern Line Co. Gas LNG Storage Elimina- Pipe Line Consol. (10) Company Company Company tions Co. Cons. Capitalization Common Stockholders' Equity Common stock $ 1 $ 27 $ - $ - $ (27) $ 1 Other paid-in-capital 1,128 468 29 230 (728) 1,127 Currency translation - - - - - - Retained earnings - (34) 3 15 16 - ------ ------ ------ ------ ------- ------ 1,129 461 32 245 (739) 1,128 Preferred stock - - - - - - Long-term debt 1,094 100 - - (100) 1,094 Non-current capital leases - - - - - - ------ ------ ------ ------ ------- ------ 2,223 561 32 245 (839) 2,222 ------ ------ ------ ------ ------- ------ Current Liabilities Current portion of long-term debt - - - - - - Current capital leases - - - - - - Notes payable - 100 - - (100) - Accounts payable 183 7 - - (152) 38 Accounts payable - related parties 18 - - - (4) 14 Accrued interest 30 - - - - 30 Accrued taxes 2 (2) 2 7 (8) 1 Other 68 43 2 2 - 115 ------ ------ ------ ------ ------- ------ 301 148 4 9 (264) 198 ------ ------ ------ ------ ------- ------ Non-current Liabilities Postretirement benefits 17 - - - - 17 Deferred income taxes 18 14 2 2 - 36 Deferred investment tax credit - - - - - - Other 23 46 - - - 69 ------ ------ ------ ------ ------- ------ 58 60 2 2 - 122 ------ ------ ------ ------ ------- ------ Total Stockholders' Equity and Liabilities $2,582 $ 769 $ 38 $ 256 $(1,103) $2,542 ====== ====== ====== ====== ======= ======
(10) Represents Panhandle Eastern Pipe Line Company, CMS Panhandle Eastern Resources, Inc., CMS Panhandle Storage Company, Trunkline Field Services Company and CMS Trunkline Pipeline Holdings, Inc. consolidated. 114 CMS FIELD SERVICES, INC. Consolidating Balance Sheet - Assets December 31, 1999 (In Millions)
CMS CNG/Okla CNG/Taurus CNG CNG CNG CNG Field Nat. Gas Holdings Gas Gas Laverne Nat. Gas Services, Gathering Company, Gathering Processing Gas Proc., Gathering Inc.(11) LLC Inc. LLC LLC LLC LLC Plant and Property (At Cost) Natural gas transmission, storage and processing $ 5 $ 3 $ 48 $ - $ 50 $ 2 $ 72 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 5 3 48 - 50 2 72 Less accumulated depreciation, depletion and amortization - - 3 - 3 - 4 ------ ------ ------ ------ ------ ------ ------ 5 3 45 - 47 2 68 Construction work-in-progress 2 - - 31 1 - - ------ ------ ------ ------ ------ ------ ------ 7 3 45 31 48 2 68 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 262 - - - - - - Other 2 - - - - - - ------ ------ ------ ------ ------ ------ ------ 264 - - - - - - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments (5) 1 1 1 (3) (2) 4 Accounts receivable 41 - 4 - - 1 2 Gas in underground storage - - - - - - - Materials and supplies 4 - - 2 - - - Deferred income taxes - - - - - - - Prepayments and other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 40 1 5 3 (3) (1) 6 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - - - - Postretirement benefits - - - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $ 311 $ 4 $ 50 $ 34 $ 45 $ 1 $ 74 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 115 CMS FIELD SERVICES, INC. Consolidating Balance Sheet - Assets December 31, 1999 (In Millions) (Continued from Previous Page)
Cherokee Heritage Roaring CNG Inter- CMS Gas Bradshaw Gas Creek Hydro- company Field Processing Energy Gathering Gas Svcs. carbons Elimina- Services, LLC LLC LLC LLC LLC tions Inc. Cons. Plant and Property (At Cost) Natural gas transmission, storage and processing $ 45 $ 10 $ 22 $ 4 $ 4 $ - $ 265 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 45 10 22 4 4 - 265 Less accumulated depreciation, depletion and amortization 3 1 2 - - - 16 ------ ------ ------ ------ ------ ------ ------ 42 9 20 4 4 - 249 Construction work-in-progress 1 - 1 - - - 36 ------ ------ ------ ------ ------ ------ ------ 43 9 21 4 4 - 285 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies - - - - - (262) - Other - - - - - - 2 ------ ------ ------ ------ ------ ------ ------ - - - - - (262) 2 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 2 1 1 - - - 1 Accounts receivable 4 - 2 1 - - 55 Gas in underground storage - - - - - - - Materials and supplies - - - - - - 6 Deferred income taxes - - - - - - - Prepayments and other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 6 1 3 1 - - 62 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - - - - Postretirement benefits - - - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $ 49 $ 10 $ 24 $ 5 $ 4 $ (262) $ 349 ====== ====== ====== ====== ====== ====== ======
(11) Represents CMS Field Services, Inc. and Continential Spearman Gas Processing, LLC consolidated. 116 CMS FIELD SERVICES, INC. Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (In Millions)
CMS CNG/Okla. CNG/Taurus CNG CNG CNG CNG Field Nat. Gas Holdings Gas Gas Laverne Nat. Gas Services, Gathering Company, Gathering Processing Gas Proc. Gathering Inc.(11) LLC Inc. LLC LLC LLC LLC Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 179 3 49 17 44 1 74 Currency translation - - - - - - - Retained earnings 22 - - - (1) - (1) ------ ------ ------ ------ ------ ------ ------ 201 3 49 17 43 1 73 Preferred stock - - - - - - - Long-term debt 49 - - - - - - Non-current capital leases 3 - - - - - - ------ ------ ------ ------ ------ ------ ------ 253 3 49 17 43 1 73 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases 1 - - - - - - Notes payable - - - - - - - Accounts payable 44 - 1 2 2 - 1 Accounts payable - related parties - - - - - - - Accrued interest - - - - - - - Accrued taxes - - - - - - - Other 1 1 - - - - - ------ ------ ------ ------ ------ ------ ------ 46 1 1 2 2 - 1 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes 12 - - - - - - Deferred investment tax credit - - - - - - - Other - - - 15 - - - ------ ------ ------ ------ ------ ------ ------ 12 - - 15 - - - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 311 $ 4 $ 50 $ 34 $ 45 $ 1 $ 74 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 117 CMS FIELD SERVICES, INC. Consolidating Balance Sheet - Equity and Liabilities December 31, 1999 (In Millions) (Continued from Previous Page)
Cherokee Heritage Roaring CNG Inter- CMS Gas Bradshaw Gas Creek Hydro- company Field Processing Energy Gathering Gas Svcs. carbons Elimina- Services LLC LLC LLC LLC LLC tions Inc. Cons. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 34 10 21 5 4 (262) 179 Currency translation - - - - - - - Retained earnings 11 - 1 - - - 32 ------ ------ ------ ------ ------ ------ ------ 45 10 22 5 4 (262) 211 Preferred stock - - - - - - - Long-term debt - - - - - - 49 Non-current capital leases - - - - - - 3 ------ ------ ------ ------ ------ ------ ------ 45 10 22 5 4 (262) 263 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - 1 Notes payable - - - - - - - Accounts payable 4 - 2 - - - 56 Accounts payable - related parties - - - - - - - Accrued interest - - - - - - - Accrued taxes - - - - - - - Other - - - - - - 2 ------ ------ ------ ------ ------ ------ ------ 4 - 2 - - - 59 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - - - - - - 12 Deferred investment tax credit - - - - - - - Other - - - - - - 15 ------ ------ ------ ------ ------ ------ ------ - - - - - - 27 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 49 $ 10 $ 24 $ 5 $ 4 $ (262) $ 349 ====== ====== ====== ====== ====== ====== ======
(11) Represents CMS Field Services, Inc. and Continential Spearman Gas Processing, LLC consolidated. 118 CMS ENERGY CORPORATION Consolidating Statement of Retained Earnings December 31, 1999 (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, 1999 $ (234) $ 434 $ (315) $ (119) $ (234) Consolidated Net Income (Loss) 319 340 131 (451) 339 Redemption of Class G Common Stock (69) - - - (69) Less Dividends Paid Common Stock - CMS Energy 154 - - - 154 Class G 9 - - 9 Preferred Stock - 6 7 (7) 6 Preferred Securities Distribution 35 21 - - 56 Associated Companies 7 262 116 (385) - ------ ------ ------ ------ ------ 205 289 123 (392) 225 ------ ------ ------ ------ ------ Balance at December 31, 1999 $ (189) $ 485 $ (307) $ (178) $ (189) ====== ====== ====== ====== ======
(1) Represents CMS Energy Corporation with Consumers Energy Company and CMS Enterprises Company included on the equity method of accounting. 119 CONSUMERS ENERGY COMPANY Consolidating Statement of Retained Earnings December 31, 1999 (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, 1999 $ 434 $ 26 $ 5 $ 22 $ 72 $ (125) $ 434 Net Income (Loss) 340 4 1 9 25 (39) 340 Less Dividends Paid Common Stock - - - - - - - Preferred Stock 6 - - - - - 6 Preferred Securities Distribution 21 - - - - - 21 Associated Companies 262 - - - - - 262 ------ ------ ------ ------ ------ ------ ------ 289 - - - - - 289 ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ 485 $ 30 $ 6 $ 31 $ 97 $ (164) $ 485 ====== ====== ====== ====== ====== ====== ======
(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. 120 CMS ENTERPRISES COMPANY Consolidating Statement of Retained Earnings December 31, 1999 (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, 1999 $ (308) $ 70 $ (179) $ 3 $ (15) $ 5 $ 8 Net Income (Loss) 129 18 86 - (18) 2 44 Less Dividends Paid Common Stock - - - - - - - Preferred Stock 7 - - - - - - Associated Companies 116 - 24 - - - 88 ------ ------ ------ ------ ------ ------ ------ 123 - 24 - - - 88 ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ (302) $ 88 $ (117) $ 3 $ (33) $ 7 $ (36) ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 121 CMS ENTERPRISES COMPANY Consolidating Statement of Retained Earnings December 31, 1999 (In Millions) (Continued from Previous Page)
CMS Inter- CMS CMS Lake CMS company Enterprises Land Muskegon Capital Elimina- Company Company Company Corp. tions Consol. Balance at January 1, 1999 $ - $ - $ 6 $ 95 $ (315) Net Income (Loss) 3 1 4 (138) 131 Less Dividends Paid Common Stock - - - - - Preferred Stock - - - - 7 Associated Companies 4 - - (116) 116 ------ ------ ------ ------ ------ 4 - - (116) 123 ------ ------ ------ ------ ------ Balance at December 31, 1999 $ (1) S 1 $ 10 $ 73 $ (307) ====== ====== ====== ====== ======
(3) Represents CMS Enterprises Company, CMS Capital Financial Services, Inc., Monarch Management Company, CMS Comercializadora de Energia S.A., CMS Energy Asia Private Limited, CMS Energy South America Company and CMS Energy UK Limited consolidated with CMS Oil and Gas Company, CMS Generation Company, CMS Land Company, CMS Lake Muskegon 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. 122 CMS OIL AND GAS COMPANY Consolidating Statement of Retained Earnings December 31, 1999 (In Millions)
CMS CMS Oil & CMS CMS CMS CMS CMS Oil & Gas Gas Inter- Oil & Gas Oil & Gas NOMECO Oil & Gas Oil and Gas Congo national Ecuador Pipeline Congo E.G. Company(4) Ltd. Ltd. LDC Co. LDC LDC Balance at January 1, 1999 $ 70 $ - $ (14) $ (30) $ 1 $ - $ 1 Net Income (Loss) 18 2 - 5 - - 1 Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ 88 $ 2 $ (14) $ (25) $ 1 $ - $ 2 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 123 CMS OIL AND GAS COMPANY Consolidating Statement of Retained Earnings December 31, 1999 (In Millions) (Continued from Previous Page)
CMS Explota- Terra CMS CMS Oil & Gas NOMECO ciones CMS Energy, Oil & Gas CMS NOMECO O&G E.G. China Oil Oil & Gas Ltd. Interna. Venezuela Alba Ltd. Company Co. Consol. Co. Consol. LDC LDC Balance at January 1, 1999 $ 3 $ (2) $ (29) $ 25 $ 12 $ (3) $ 1 Net Income (Loss) 11 - (1) 7 9 3 1 Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ 14 $ (2) $ (30) $ 32 $ 21 $ - $ 2 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 124 CMS OIL AND GAS COMPANY Consolidating Statement of Retained Earnings December 31, 1999 (In Millions) (Continued from Previous Page)
Inter- CMS company Oil and Gas Elimina- Company tions Consol. Balance at January 1, 1999 $ 35 $ 70 Net Income (Loss) (38) 18 Less Dividends Paid Common Stock - - Preferred Stock - - Associated Companies - - ------ ------ - - ------ ------ Balance at December 31, 1999 $ (3) $ 88 ====== ======
(4) Represents CMS Oil and Gas Company consolidated with CMS Oil and Gas International Company and Terra Energy, Ltd. included on the equity method of accounting. 125 CMS OIL AND GAS INTERNATIONAL COMPANY Consolidating Statement of Retained Earnings December 31, 1999 (In Millions)
CMS CMS NOMECO CMS Oil & CMS Oil & CMS Inter- CMS Oil & Gas International Gas Cote Gas Int'l Gas & Oil company Oil & Gas International Congo Hld., d'Ivoire Tunisia, Cameroon, Elimina- Interna. Co.(5) Inc. Ltd. Inc. Inc. tions Co. Consol. Balance at January 1, 1999 $ 12 $ 12 $ (4) $ 1 $ - $ (9) $ 12 Net Income (Loss) 9 6 (2) 3 - (7) 9 Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ 21 $ 18 $ (6) $ 4 $ - $ (16) $ 21 ====== ====== ====== ====== ====== ====== ======
(5) Represents CMS Oil and Gas International Company and CMS OIl and Gas International Transportation Company consolidated. 126 TERRA ENERGY, LTD. Consolidating Statement of Retained Earnings December 31, 1999 (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, 1999 $ 25 $ - $ 3 $ 1 $ (4) $ 25 Net Income 7 - - - - 7 Less Dividends Paid Common Stock - - - - - - Preferred Stock - - - - - - Associated Companies - - - - - - ------ ------ ------ ------ ------ ------ - - - - - - ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ 32 $ - $ 3 $ 1 $ (4) $ 32 ====== ====== ====== ====== ====== ======
127 CMS GENERATION COMPANY Consolidating Statement of Retained Earnings December 31, 1999 (In Millions)
CMSG CMSG CMSG Dearborn CMS Honey Filer CMSG Grayling CMSG Generation Generation Lake City Grayling Holdings Operating Operating Co.(6) Company Inc. Company Company Company LLC Balance at January 1, 1999 $ (179) $ 20 $ 11 $ 1 $ 3 $ - $ - Net Income (Loss) 85 4 3 - 1 1 1 Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies 25 8 4 5 10 - - ------ ------ ------ ------ ------ ------ ------ 25 8 4 5 10 - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ (119) $ 16 $ 10 $ (4) $ (6) $ 1 $ 1 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 128 CMS GENERATION COMPANY Consolidating Statement of Retained Earnings December 31, 1999 (In Millions) (Continued from Previous Page)
Dearborn CMS CMSG CMSG HYDRA-CO Indust. CMS CMSG Morocco Inv Co. Michigan Enter- Generation Generation Recycling Operating I/II Power prises LLC S.A. Company Co. SCA Consol. LLC Consol. Balance at January 1, 1999 $ - $ (2) $ (1) $ 2 $ 69 $ - $ (114) Net Income (Loss) 7 (3) - 4 39 - 13 Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - - - - - - 16 ------ ------ ------ ------ ------ ------ ------ - - - - - - 16 ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ 7 $ (5) $ (1) $ 6 $ 108 $ - $ (117) ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 129 CMS GENERATION COMPANY Consolidating Statement of Retained Earnings December 31, 1999 (In Millions) (Continued from Previous Page)
CMS Oxford Inter- CMS CMSG CMSG Generation CMS company Generation Holdings Altoona Inv. Co. CTM Development Elimina- Company Company Company III Consol. L.P. tions Consol. Balance at January 1, 1999 $ (7) $ 3 $ 2 $ - $ (33) $ 46 $ (179) Net Income (Loss) 1 1 3 5 1 (80) 86 Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - - - - - (44) 24 ------ ------ ------ ------ ------ ------ ------ - - - - - (44) 24 ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ (6) $ 4 $ 5 $ 5 $ (32) $ 10 $ (117) ====== ====== ====== ====== ====== ====== ======
(6) Represents CMS Generation Company, CMSG Filer City Operating Company, CMSG Mon Valley Company, CMSG Genesee Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, Mid-Michigan Recycling L.L.C., CMSG Montreal Company 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. 130 HYDRA-CO ENTERPRISES, INC. Consolidating Statement of Retained Earnings December 31, 1999 (In Millions)
HYDRA-CO CMS New Inter- Enter- HCE Generation Bern Lakewood CMSG company prises, Hudson, Oper. Co. Project Cogen. Stratton Elimina- Inc.(7) Inc. II Mgt. Inc. L.P. Co. tions Balance at January 1, 1999 $ (115) $ 4 $ (1) $ 1 $ - $ (15) $ 12 Net Income (Loss) 10 1 1 - 8 - (7) Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies 16 1 - - - - (1) ------ ------ ------ ------ ------ ------ ------ 16 1 - - - - (1) ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ (121) $ 4 $ - $ 1 $ 8 $ (15) $ 6 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 131 HYDRA-CO ENTERPRISES, INC. Consolidating Statement of Retained Earnings December 31, 1999 (In Millions) (Continued from Previous Page)
HYDRO-CO Enterprises Consol. Balance at January 1, 1999 $ (114) Net Income (Loss) 13 Less Dividends Paid Common Stock - Preferred Stock - Associated Companies 16 ------ 16 ------ Balance at December 31, 1999 $ (117) ======
(7) Represents HYDRA-CO Enterprises, Inc., HCE Appomattox, Inc., HCE Jamaica Development, Inc., HCE Lakewood, Inc., HCE Rockfort Diesel, Inc. and HCE Imperial Valley, Inc. consolidated. 132 CMS CENTRALES TERMICAS S.A. Consolidating Statement of Retained Earnings December 31, 1999 (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, 1999 $ - $ (4) $ 3 $ (2) $ 3 $ - Net Income 5 4 4 1 (9) 5 Less Dividends Paid Common Stock - - - - - - Preferred Stock - - - - - - Associated Companies - - - - - - ------ ------ ------ ------ ------ ------ - - - - - - ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ 5 $ - $ 7 $ (1) $ (6) $ 5 ====== ====== ====== ====== ====== ======
133 CMS GENERATION INVESTMENT COMPANY I/II Consolidating Statement of Retained Earnings December 31, 1999 (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, 1999 $ 67 $ (2) $ 3 $ (23) $ (20) $ - $ - Net Income (Loss) 39 (3) 2 (17) (17) (2) (2) Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ 106 $ (5) $ 5 $ (40) $ (37) $ (2) $ (2) ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 134 CMS GENERATION INVESTMENT COMPANY I/II Consolidating Statement of Retained Earnings December 31, 1999 (In Millions) (Continued from Previous Page)
Jorf Jorf Inter- CMSG Lasfar Jorf Lasfar company Investment Handels- Lasfar Power Monetize Elimina- Co. I/II bolag I HB Energy HB Limited tions Consol. Balance at January 1, 1999 $ 2 $ 19 $ 18 $ - $ 5 $ 69 Net Income (Loss) 1 19 19 5 (5) 39 Less Dividends Paid Common Stock - - - - - - Preferred Stock - - - - - - Associated Companies - - - - - - ------ ------ ------ ------ ------ ------ - - - - - - ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ 3 $ 38 $ 37 $ 5 $ - $ 108 ====== ====== ====== ====== ====== ======
(8) Represents CMSG Investment Company I, CMSG Investment Company II, Jegurupadu O&M Company Mauritius, National Power Supply Co., Ltd. and CMSG Taweelah Ltd. consolidated. 135 CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Statement of Retained Earnings December 31, 1999 (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 Company Company Company Company Company Part. Balance at January 1, 1999 $ 6 $ 1 $ (1) $ 25 $ (1) $ - $ - Net Income (Loss) 46 3 - 10 - 1 4 Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies 88 4 - - - 1 - ------ ------ ------ ------ ------ ------ ------ 88 4 - - - 1 - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ (36) $ - $ (1) $ 35 $ (1) $ - $ 4 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) 136 CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Statement of Retained Earnings December 31, 1999 (In Millions) (Continued from Previous Page)
CMS CMS CMS Gas Panhandle CMS CMS Gas CMS Gold- Marysville Field Trans. of Eastern Grand Lacs Transmission fields GT Gas Liquids Services, Australia Pipe Line Holding del Sur Aust. Pty. Company Inc. Consol. Trust Co. Consol. Company Company Ltd. Balance at January 1, 1999 $ 1 S 9 $ (1) $ - $ (1) $ - $ - Net Income (Loss) 1 23 2 41 3 (2) 7 Less Dividends Paid Common Stock - - - - - - - Preferred Stock - - - - - - - Associated Companies - - - 41 4 - - ------ ------ ------ ------ ------ ------ ------ - - - 41 4 - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ 2 $ 32 $ 1 $ - $ (2) $ (2) $ 7 ====== ====== ====== ====== ====== ====== ======
(Continued on following Page) 137 CMS GAS TRANSMISSION AND STORAGE COMPANY Consolidating Statement of Retained Earnings December 31, 1999 (In Millions) (Continued from Previous Page)
Inter- CMS Gas Company Tran. & Stor. Elimina- Company tions Consol. Balance at January 1, 1999 $ (30) $ 8 Net Income (Loss) (95) 44 Less Dividends Paid Common Stock - - Preferred Stock - - Associated Companies (50) 88 ------ ------ (50) 88 ------ ------ Balance at December 31, 1999 $ (75) $ (36) ====== ======
138 PANHANDLE EASTERN PIPE LINE COMPANY Consolidating Statement of Retained Earnings December 31, 1999 (In Millions)
Panhandle Inter- Panhandle Eastern Pipe Trunkline Trunkline Pan Gas company Eastern Line Co. Gas LNG Storage Elimina- Pipe Line Consol. (9) Company Company Company tions Co. Cons. Balance at January 1, 1999 $ - $ - $ - $ - $ - $ - Net Income (Loss) 41 16 3 15 (34) 41 Less Dividends Paid Common Stock - - - - - - Preferred Stock - - - - - - Associated Companies 41 50 - - (50) 41 ------ ------ ------ ------ ------ ------ 41 50 - - (50) 41 ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ - $ (34) $ 3 $ 15 $ 16 $ - ====== ====== ====== ====== ====== ======
(9) Represents Panhandle Eastern Pipe Line Company, CMS Panhandle Eastern Resources, Inc., CMS Panhandle Storage Company, Trunkline Field Services Company and CMS Trunkline Pipeline Holdings, Inc. consolidated. 139 CMS FIELD SERVICES, INC. Consolidating Statement of Retained Earnings December 31, 1999 (In Millions)
CMS CNG CNG CNG Cherokee Heritage Field Gas Laverne Nat. Gas Gas Gas Services, Processing Gas Proc. Gathering Processing Gathering Inc. (10) LLC LLC LLC LLC LLC Balance at January 1, 1999 $ 1 S (1) $ (1) $ - $ 10 $ - Net Income (Loss) 21 - 1 (1) 1 1 Less Dividends Paid Common Stock - - - - - - Preferred Stock - - - - - - Associated Companies - - - - - - ------ ------ ------ ------ ------ ------ - - - - - - ------ ------ ------ ------ ------ ------ Balance at December 31, 1999 $ 22 $ (1) $ - $ (1) $ 11 $ 1 ====== ====== ====== ====== ====== ======
(Continued on following Page) 140 CMS FIELD SERVICES, INC. Consolidating Statement of Retained Earnings December 31, 1999 (In Millions) (Continued from Previous Page)
Inter- CMS Company Field Elimina- Services tions Inc. Cons. Balance at January 1, 1999 $ - $ 9 Net Income (Loss) - 23 Less Dividends Paid Common Stock - - Preferred Stock - - Associated Companies - - ------ ------ - - ------ ------ Balance at December 31, 1999 $ - $ 32 ====== ======
(10)Represents CMS Field Services, Inc., Continential/Oklahoma Natural Gas Gathering LLC, Continential/Taurus Holdings Company, LLC, Continential Gas Gathering LLC, Continential Spearman Gas Processing, LLC, Bradshaw Energy LLC,Roaring Creek Services LLC and Continential Hydrocarbons, LLC consolidated. 141 EXHIBIT B Exhibit B - Financial Data Schedule CMS Energy Corporation Consolidated Year Ended December 31, 1999 (Millions of Dollars) Total Assets $15,462 Total Operating Revenue $ 6,103 Net Income $ 277
142 1 EXHIBIT C 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. * * * 0.1% CMS Generation San Nicolas Company * * * 0.1% Inversora de San Nicolas, S.A. * * * 88% Centrales Termicas San Nicolas, S.A. CMS Generation San Nicolas Company, owned 0.1% by CMS Generation Co., owns 0.1% of Inversora de San Nicolas, which in turn owns 88% of Centrales Termicas San Nicolas, S.A., the EWG. 143 2 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 Company * * * * * CMS Generation Holdings Company * * * 99% * 1% CMS Operating S.A. | * Operator | * 99% | * --------------- CMS Ensenada S.A. * * * 99% * Cuyana S.A. de Inversiones * * 92.6% Centrales Termicas Mendoza, S.A. CMS Operating S.A., which is 99% owned by CMS Enterprises Company, and 1 % by CMS Generation Holdings Company, owns 99% of CMS Ensenada S.A., the EWG. 144 3 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 CMS Generation Investment Co. I Investment Co. II * 99% *99% * 1% * 1% * * * * * * * * * * * * * * * * CMS Generation Cebu Limited CMS Generation Cebu Duration Company * Operating Limited * * Duration Company * * | * * | Operator * 40% * 47.5% | Toledo Holdings Corp. Toledo Power Company* CMS Generation 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. 145 4 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 CMS Generation Loy Yang Holdings 1 Ltd. Holdings 2 Ltd. * * * * * * Horizon Energy Holdings Ltd. CMS Generation Horizon * * * Energy Holdings Ltd. * * * * * * * * * 24.63% * 25% * * * * Loy Yang Power Partners (1) * * * * * * * * 24.63% * 25% * * *** Loy Yang Power Projects Pty. Ltd.*** * * * * 24.63% * 25% *********Loy Yang Power Management Pty. Ltd. ************** CMS Generation Investment Company I owns 100% of CMS Generation Loy Yang Holdings 1 Ltd. which owns 100% of Horizon Energy Holdings Limited, the foreign utility company. CMS Generation Investment Company I owns 100% of CMS Generation Loy Yang Holdings 2 Ltd. which 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 Partners. 146 5 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 Company * * * 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. 147 6 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 Company * * * 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. 148 7 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) * * | * * | * * | HCE-Lakewood, Inc. * * | * * * | * * * | * * * | CMS Generation * * | Lakewood Company * * | * * * | * * * | * 1% * 1% * 78% -----------------Lakewood Cogeneration, LP********** HYDRA-CO Enterprises, Inc., the wholly owned subsidiary of CMS Generation Co., owns 100% of HCE-Lakewood Inc., which in turn owns 1% of Lakewood Cogeneration, LP, the EWG. CMS Generation Lakewood Company, owned 100% by HCE-Lakewood Inc., owns 1 % of Lakewood Cogeneration, LP, the EWG. Additionally, HYDRA-CO Enterprises, Inc., directly owns 78% of Lakewood Cogeneration, LP, the EWG. HYDRA-CO Enterprises, Inc. owns 100% of CMS Generation Operating Company II, Inc., the EWG. 149 8 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 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 Pinamucan 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 Pinamucan Operating Limited Duration Company, the EWG. 150 9 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) and CMS INTERNATIONAL OPERATING COMPANY CMS Energy Corporation * * CMS Enterprises Company * * CMS Generation Co. * * * * * * * * CMS International Operating Company CMS Generation Investment Company I * * * * * * * * * * * * * 50% * 50% * * * CMS Generation Jorf Lasfar III * * * Limited Duration Company * * * * * * * * * * * * * * 99% * 1% * * * Jorf Lasfar Operations * * * Handelesbolag * * * * * * * * * * * 0.1% * 99.7% * 0.1% * 0.1% * * * * * * * * * * * * CMS Morocco Operating Company SCA* * * * * * * CMS International Operating Company, the EWG, is 100% owned by CMS Generation Co. 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 0.1% 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 0.1% of CMS Morocco, the EWG. 151 10 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 * * * * * * 99% * 1% * 1% * 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 Enterprises Company. and CMS Generation Holdings Company own 99% and 1%, respectively, of CMS Operating S.A., the EWG. 152 11 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 Corporation * * CMS Enterprises Company * * * * * CMS Electric and Gas Company * * * 1% * 99% Financial Joint Venture, L.L.C. * * International Investments, Inc.**** * * * * * * CMS Brazil Energia Ltda.***** CMS Distribuidora Ltda. * * * * * 0.41% * * * Itacatu, SA * * * * * * * * * *50.1% * 49.9% * * * * GIPAR, S.A. * * * * * * * * * * * 9.18% * 51% * 21.56% * *********Cataguazes********** * * * 87.24% * 4.92% * Energisa S.A.********** * * *12.18% * 84% **********Energipe Financial Joint Venture, L.L.C is owned 99% by CMS Electric and Gas Company, and 1% by CMS Enterprises Company. Financial Joint Venture, L.L.C. owns 100% of International Investments, Inc., which owns 100% of CMS Brazil Energia Ltda. CMS Brazil Energia Ltda owns 0.41% of Itacatu, S.A. which owns 9.18% of Cataguazes, the foreign utility company. CMS Brazil Energia Ltda. and Itacatu own 49.9% and 50.1%, respectively, of GIPAR S.A., which owns 51% of Cataguazes, the foreign utility company. CMS Brazil Energia Ltda owns 21.56% of Cataguazes, the foreign utility company. 153 12 (Organization Chart of Cataguazes and Energipe continued) ENERGISA S.A., 87.2% owned by Cataguazes and 4.92% owned by CMS Distribuidora Ltda., own 84% of Energipe, the foreign utility company. Cataguazes owns 12.18% of Energipe, the foreign utility company. 154 13 An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. COMPANHIA PAULISTA DE ENERGIA ELECTRICA S.A. (CPEE) and COMPANHIA SUL PAULISTA DE ENERGIA S.A. (Paulista) and COPMANHIA JAGUARI DE ENERGIA S.A. (Jaguari) and COMPANHIA LUZ E FORCA DE MOCOCA S.A. (Mococa) CMS Energy Corporation * * *******CMS Enterprises Company** * * * * CMS Electric and Gas Company * * * * 99% * 1% Financial Joint Venture, L.L.C.* * * International Investments, Inc. * * CMS Brasil Energia Ltda. * * 95.83% CPEE ************************ * * * * 87.27% * * Paulista * * * * * * 79.99% * 19.99% * *****Jaguari * * * * 22.71% * 76.47% ****Mococa*** CPEE, the foreign utility company, is owned 95.83% by CMS Brasil Energia, Ltd, a wholly owned subsidiary of International Investments, Inc. Paulista, the foreign utility company, is owned 87.27% by CPEE. 155 14 (Organization Chart of CPEE, Paulista, Jaguari and Mococa continued) Jaguari, the foreign utility company, is owned 79.99% by CPEE and 19.99% by Paulista. Mococa, the foreign utility company, is owned 76.47% by CPEE and 22.71% by Jaguari. 156 15 An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. DEARBORN GENERATION OPERATING L.L.C. and DEARBORN INDUSTRIAL GENERATION, L.L.C. CMS Energy Corporation * * * CMS Enterprises Company * * * *********CMS Generation Co.********* * * * * * * Dearborn Generation Dearborn Industrial Operating L.L.C. Energy, L.L.C. * * Dearborn Industrial Generation, L.L.C. Dearborn Generation Operating L.L.C., the EWG, is 100% owned by CMS Generation Co. Dearborn Industrial Generation, the EWG, is 100% owned by Dearborn Industrial Energy, L.L.C., which is a wholly owned subsidiary of CMS Generation Company. 157 16 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. | * | * 53.5% 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 53.5% 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. 158 17 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 Corporation * * * * CMS Enterprises Company * * * * 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. 159 18 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. 160 19 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.* * * * * * * * CMS Generation Holdings Company * * *99.9% * 0.1% * * CMS Generation, S.A. * * * * * * 25% * Hidroinvest, S.A. * * * * * 2.48% * 59% Hidroelectrica El Chocon, S.A. CMS Generation, S.A., owned 99.9% by CMS Generation Co. and 0.1% by CMS Generation Holdings Company, owns 25% of Hidroinvest which in turn owns 59% of Hidroelectrica El Chocon, S.A., the EWG. CMS Generation, S.A. directly owns 2.48% of Hidroelectrica El Chocon, S.A., the EWG. 161 20 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. * * * * 43.93% * * 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 43.93% of 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. 162 21 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. 163 22 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 International * * Operating Company----- * * | CMS Generation Investment Company I CMS Generation Investment Company II| * 99% * 99% * 1% * 1% | * * * * | * * * | * * | * * * * | CMS Generation Jorf Lasfar I Limited CMS Generation Jorf Lasfar II Limited Duration Company * * * Duration Company | * 50% * * * * 50% | * * * * * | * * *50% * * *50% * | * * * * * | * * * 50% * 50% * * | Jorf Lasfar Handelsbolag Jorf Lasfar I HB Jorf Lasfar Power Energy HB | *2% * 25% * 23% | * * * Operator | * * * | ****************Jorf Lasfar Energy Company SCA--------------------| 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. 164 23 An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. NATIONAL POWER SUPPLY CO. LTD. CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Co. * * * CMS Generation Investment Co. I * * * 66.24% National Power Supply CMS Generation Co. owns 100% of CMS Generation Investment Co. I, which owns 66.24% of National Power Supply Co. Ltd., the EWG. 165 24 An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. PANENERGY LAKE CHARLES GENERATION, INC. CMS Energy Corporation * * CMS Enterprises Company * * CMS Gas Transmission and Storage Company * * Panhandle Eastern Pipe Line Company * * Trunkline Field Services Company * * PanEnergy Lake Charles Generation, Inc. CMS Gas Transmission and Storage Company owns 100% of Panhandle Eastern Pipe Line Company, which owns 100 % of Trunkline Field Services Company, which owns 100% of PanEnergy Lake Charles Generation, Inc., the EWG. 166 25 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 Corporation * * * CMS Enterprises Company * * * CMS Electric and Gas Company * * * * * CMS Venezuela * 90% | * | Consulting Agreement ENELMAR, S.A. | dated Nov. 25, 1998 * |(Effective Jan. 1, 1999) * 70% | * | SENECA--------| CMS Electric and Gas, owns 90% of ENELMAR, S.A., which owns 70% of SENECA, the foreign utility company. 167 An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. TAKORADI INTERNATIONAL COMPANY CMS Energy Corporation * * * CMS Enterprises Company * * * *******CMS Generation Co.***** * * * * * * CMS International CMS Generation Operating Company Investment Co. I | * | * | * | CMS Takoradi Investment Company | * |Operator * | * | CMS Takoradi Investment | Company II | * | * 90% | * Takoradi International Company CMS Generation Co. owns 100% of CMS Generation Investment Co. I, which owns 100% of CMS Takoradi Investment Company, which owns 100% of CMS Takoradi Investment Company II, which owns 90% of Takoradi International Company, the EWG. -----END PRIVACY-ENHANCED MESSAGE-----