U-3A-2/A 1 k60347au-3a2a.txt FORM U-3A-2/A 1 File No. 69-333 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM U-3A-2/A STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION UNDER RULE U-3A-2 FROM THE PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 ------------------------------------- TO BE FILED ANNUALLY PRIOR TO MARCH 1 ------------------------------------- CMS ENERGY CORPORATION (Name of Company) hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935, and submits the following information: February 28, 2001 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. CLAIMANT HAS LISTED EWGS, IDENTIFIED BY AN ASTERIK (*) AND FUCOS, IDENTIFIED BY DOUBLE ASTERIK (**) IN ORDER TO MAINTAIN THE CONTINUITY OF THE ORGANIZATIONAL CHART. For the purpose of this filing CMS Energy will address the information requested in section 1 under the headings of CMS Energy Corporation, CMS Enterprises Company and Consumers Energy Company. As CMS Energy discusses in detail below, CMS Energy Corporation is the parent company for CMS Enterprises Company and Consumers Energy Company. All ownership interests are 100% unless indicated parenthetically to the contrary. A. CMS ENERGY CORPORATION ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Energy Corporation ("CMS Energy") was duly incorporated under the laws of the State of Michigan in 1987. CMS Energy is a $9.0 billion (sales) energy company with subsidiaries engaged in electric utility operations, gas utility operations, oil and gas exploration and production, the acquisition, development and operation of independent power production facilities, energy marketing and trading and the transportation, storage and marketing of natural gas. The name, state of organization and nature of business of CMS Energy's direct subsidiaries are described below: 1. CMS ENTERPRISES COMPANY ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Enterprises Company is a Michigan corporation that owns subsidiaries engaged in the development, acquisition and management of energy-related businesses and projects worldwide. 2. CONSUMERS ENERGY COMPANY ADDRESS: 212 West Michigan Avenue, Jackson, Michigan 49201 Consumers Energy Company is a Michigan corporation engaged in the generation, purchase, transmission, distribution and sale of electricity, and in the purchase, storage, transmission, distribution and sale of natural gas, in the lower peninsula of the State of Michigan. - 1 - 3 B. CMS ENTERPRISES COMPANY ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 The name, state of organization and nature of business of each subsidiary and their subsidiaries are described below: 1. CMS CAPITAL CORP. ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Capital is a Michigan corporation formed to assist in securing financing for CMS Energy Corporation and its subsidiaries and affiliates. 1.1 CMS Capital Financial Services, Inc. ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Capital Financial Services, Inc. is a Michigan corporation engaged in the business of making loans to homeowners and small businesses for energy related goods or services. 1.1.1 First Utility Finance, Inc., a Michigan corporation. 2. CMS COMERCIALIZADORA DE ENERGIA S.A. (98.52%) ADDRESS: Avenida Roque Saenz Pena 1116, 9th Floor, Buenos Aires, Argentina CMS Comercializadora de Energia S.A. is an Argentine company engaged in gas and electric marketing operations in Argentina. 3. *CMS DISTRIBUTED POWER, L.L.C. ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Distributed Power, L.L.C is a Michigan limited liability company formed for the purpose of aggregating the output from multiple generators to have power available on demand. - 2 - 4 4. CMS ELECTRIC AND GAS COMPANY ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Electric and Gas Company is a Michigan corporation involved in purchasing, investing in and operating gas and electric distribution systems worldwide 4.1 CMS Netherlands Funding Company ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Netherlands Funding Company is a Michigan corporation formed as a holding company for CMS Electric and Gas Company's international interests. 4.1.1 Notera Holding B.V., a Netherlands company 4.2 CMS Venezuela, S.A. ADDRESS: Torre Edicampo PH Av Francisco de Miranda Cruce con Av El Parque Campo Alegre, Caracas 010-A CMS Venezuela, S.A. is a Venezuelan company formed to operate Sistema Electrico Nueva Esparta C.A. (SENECA). 4.3 Compania de Inversiones en Energia Electrica S.A. (CIEESA)(51%) ADDRESS: Edificio Torre Catalinas Plaza, Ing. Enrique Butty 220, 8(Degree) Piso, (Av. E. Madero Alt. 800/900), (1300) Buenos Aires, Argentina Compania de Inversiones en Energia Electrica S.A. is an Argentine corporation formed as a holding company for investments in electric distribution systems in Argentina. 4.3.1 Inversora en Distribucion de Entre Rios S.A. (53.5%) 4.3.1.1 **Empresa Distribuidora de Electricidad de Entre Rios S.A. (EDEER) (90%) 4.3.2 Sociedad Inversora en Distribucion de Electricidad S.A. (SIDESA) (60%) 4.3.3 Sociedad Inversora y Distribucion de Electricidad de Mendoza S.A. (SIDEMSA) (57%) - 3 - 5 4.4 ENELMAR, S.A. (60%) ADDRESS: Baker & McKenzie, Torre Edicampo, P.H. Avenida Francisco De Miranda, Cruce Con Avenida Tercera, Urbanizacion Campo Alegre, Caracas, Venezuela ENELMAR, S.A. is a Venezuela company formed to hold CMS Electric and Gas Company's interest in the privatized electric system of the State of Nueva Esparta. 4.4.1 **Sistema Electrico Nueva Esparta C.A. (SENECA) (70%), a Venezuela corporation. 4.5 Financial Joint Venture, L.L.C. (99%) ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Financial Joint Venture, L.L.C. is a Michigan limited liability company formed for the purpose of investments in Brazil. 4.5.1 CMS Distribuidora, Ltda., a Brazilian corporation, which has the following subsidiaries: 4.5.1.1 CMS Participacoes Ltda., a Brazilian corporation (99.99) 4.5.1.1.1 **Companhia Paulista de Energia Eletrica (CPEE), a Brazilian corporation (81.22%) 4.5.1.1.1.1 Companhia Sul Paulista de Energia Eletrica (CSPE), a Brazilian corporation (88.63%) 4.5.1.1.1.1.1 **Companhia Jaguari de Energia (CJE), a Brazilian corporation 4.5.1.1.1.1.2 **Companhia Luz e Forca de Mococo (CLFM), a Brazilian corporation 4.5.1.1.1.2 Agropecuaria Turvinho Ltda., a Brazilian corporation (0.01%) 4.5.1.1.1.3 CPEE Equipamentos Eletricos e Servicos Ltda. (CPEEE), a Brazilian corporation (99.99%) 4.5.1.1.1.3.1 Agropecuaria Turvinho Ltda, a Brazilian corporation (99.99%) 4.5.1.1.2 Paulista Lajeado Energia S.A.
- 4 - 6 4.5.1.3 Companhia Nova Paulista Energia, a Brazilian corporation (Inactive) 4.5.2 CPEE Equipamentos Eletricos e Servicos Ltda (CPEEE), a Brazilian corporation (.01%) 4.6 Genlease, S.R.L. ADDRESS: Baker & McKenzie, Torre Edicampo, P.H., Avenida Francisco de Miranda, Cruce Con Avenida Tercera, Urbanizacion Campo Alegre, Caracas, Venezuela Genlease, S.R.L. is a Venezuela corporation formed for the purpose of the lease structure for SENECA's emergency generators. 5. CMS ENERGY ASIA PRIVATE LIMITED (SINGAPORE) ADDRESS: 80 Raffles Place #26-20, UOB Plaza 2, Singapore 04862 CMS Energy Asia Private Limited is a Singapore corporation involved in the development of electrical generation and distribution opportunities, gas transmission, storage and distribution opportunities, electrical and gas marketing opportunities and oil and gas exploration and development opportunities in Asia and the Pacific Rim. 5.1 CMS Energy India Pte Ltd (India) ADDRESS: Units 203 & 204, Capital Towers, 180, Nungambakkam High Road, Kodambakkan, Chennai 600 034 India CMS Energy India Private Limited is an Indian company formed to pursue development opportunities in India. 6. CMS ENERGY SOUTH AMERICA COMPANY (CESA) ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Energy South America Company is a Cayman Islands Company formed to provide for consolidation of the development expenses and activity in Argentina and Brazil. - 5 - 7 6.1 CMS Empreendimentos Ltda (99.99%) ADDRESS: Praia de Botafogo 440 - 16(Degree) andar, 22250.040, Rio de Janeiro RJ, Brazil CMS Empreendimentos Ltda is a Brazilian company established as the Rio de Janeiro Office in Brazil. 6.2 CMS Enterprises Development Company S.A. (CEDC) (99.99%) ADDRESS: Edificio Torre Catalinas Plaza, Ing. Enrique Butty 220, 8(Degree) Piso (Av. E. Madero Alt. 800/900) (1300) Buenos Aires, Argentina CMS Enterprises Development Company S.A. is an Argentina company formed to handle the development work in Argentina. 7. CMS ENERGY TECHNOLOGY COMPANY ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Energy Technology Company is a Michigan corporation formed for the purpose of networked distributed generation. 8. CMS ENERGY UK LIMITED ADDRESS: 43-45 Portman Square, 4th Floor, London, England W1HOAB CMS Energy UK Limited is an United Kingdom limited liability company involved in the development of energy-related businesses and projects in Europe, Africa and the Middle East. 9. CMS ENTERPRISES DEVELOPMENT, L.L.C. ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Enterprises Development, L.L.C. is a Michigan limited liability company formed to invest in various projects, including but not limited to, a zirconium recovery project. - 6 - 8 10. CMS ENTERPRISES HOLDING COMPANY S.A. (99%) ADDRESS: Edificio Torre Catalinas Plaza, Ing. Enrique Butty 220, 8(Degree) Piso (Av. E. Madero Alt. 800/900) (1300) Buenos Aires, Argentina CMS Enterprises Holding Company S. A. is an Argentina holding corporation. 11. CMS GAS TRANSMISSION COMPANY ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Gas Transmission Company is a Michigan corporation organized to engage in the transmission, storage and processing of natural gas. 11.1 AMPCO Marketing, LLC (50%) ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 AMPCO Marketing is a Michigan limited liability company engaged in marketing methanol produced by Atlantic Methanol Production Company LLC in the United States. 11.2 AMPCO Services, LLC (50%) ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 AMPCO Services, LLC is a Michigan limited liability company providing administrative, employment and technical services to Atlantic Methanol Production Company LLC. 11.3 Atlantic Methanol Capital Company (50%) ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Atlantic Methanol Capital Company is a Cayman Islands company formed to assist in the financing relating to the Equatorial Guinea methanol plant. 11.3.1 CMS Methanol Company, a Cayman Islands company 11.3.1.1 Atlantic Methanol Associates LLC, a Cayman Island company (50) 11.3.1.1.1 Atlantic Methanol Production Company, L.L.C. a Cayman Islands company (90%). - 7 - 9 11.4 CMS Antrim Gas LLC ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Antrim Gas LLC is a Michigan limited liability company formed for the purpose of owning and operating the central carbon dioxide removal plant in Otsego County, Michigan. 11.5 CMS Field Services, Inc. ADDRESS: Boulder Towers, 1437 South Boulder, Suite 1250, Tulsa, Oklahoma 74119 CMS Field Services, Inc. is a Michigan corporation, formerly known as CMS Continental Natural Gas, Inc., involved in the transmission and distribution of natural gas. 11.5.1 Bighorn Gas Gathering, L.L.C. (50%), a Delaware limited liability company 11.5.2 Bradshaw Energy, L.L.C. (97.5%), an Oklahoma limited liability company 11.5.3 Choctaw Thrust Gas Gathering System (33.67%) 11.5.4 CMS Cherokee Gas Processing, L.L.C. (92%), an Oklahoma limited liability company 11.5.5 CMS Field Services Holding Company, an Oklahoma corporation 11.5.6 CMS Gas Processing, L.L.C., an Oklahoma limited liability company 11.5.7 CMS Gulf Coast Field Services, L.L.C., a Michigan limited liability company 11.5.8 CMS Hydrocarbon, L.L.C. (99%), an Oklahoma limited liability company 11.5.9 CMS Laverne Gas Processing, L.L.C. (99%), an Oklahoma limited liability company 11.5.10 CMS Natural Gas Gathering, L.L.C. (99%), an Oklahoma limited liability company 11.5.11 CMS Oklahoma Natural Gas Gathering, L.L.C., an Oklahoma limited liability company 11.5.11.1 Foss Gathering System (30%) 11.5.12 CMS Pipeline Company, L.L.C. (99%), an Oklahoma limited liability company 11.5.13 CMS Taurus Holding Company, L.L.C. an Oklahoma limited liability company 11.5.14 Fort Union Gas Gathering System, L.L.C. (33.1/3%), a Delaware limited liability company 11.5.15 Hillsboro Gas Gathering System (23.71%) 11.5.16 Laubhan Friesen Gas Gathering System (41%) - 8 - 10 11.5.17 Moody Gas Gathering System (57.16%) 11.5.18 Warrel Gathering System (43.65%) 11.6 CMS Gas Argentina Company ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Gas Argentina Company is a Cayman Islands company with an equity interest in Transportadora de Gas del Norte S.A., an Argentine company, which provides natural gas transmission services to the northern and central parts of Argentina. 11.6.1 Transportadora de Gas del Norte S.A. (TGN) (29.4%) Transportadora de Gas del Norte S.A. is an Argentina corporation. 11.7 CMS Grands Lacs LLC ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Grands Lacs LLC is a Michigan limited liability company involved as a 51% General Partner in the Grands Lacs Limited Partnership, a Michigan limited partnership. 11.8 CMS Jackson Pipeline Company ADDRESS: Fairlane Plaza South, Suite 1040, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Jackson Pipeline Company is a Michigan corporation involved as a 75% General Partner in Jackson Pipeline Company, a Michigan general partnership. 11.9 CMS Marysville Gas Liquids Company ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Marysville Gas Liquids Company is a Michigan corporation formed to hold a 51% interest in Marysville Fractionation Partnership and a 51% interest in St. Clair Underground Storage Partnership. - 9 - 11 11.10 CMS Saginaw Bay Company ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Saginaw Bay Company is a Michigan corporation involved as a 24% General Partner in the Saginaw Bay Area Limited Partnership, a Michigan limited partnership. 11.11 CMS Saginaw Bay Lateral Company ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Saginaw Bay Lateral Company is a Michigan corporation involved as a 33% Limited Partner in the Saginaw Bay Lateral Limited Partnership, a Michigan limited partnership. 11.12 CMS TriState Canada General Company (Inactive) ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS TriState Canada General Company is a Michigan corporation formed to hold a 1% General Partner interest in TriState Canada Limited Partnership, a Canadian partnership, which holds TriState Pipeline assets in Canada. 11.13 Guardian Pipeline, L.L.C. (33.33%) ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Guardian Pipeline, L.L.C. is a Michigan limited liability corporation formed to own and operate an interstate natural gas pipeline from Illinois to Wisconsin. 11.14 Michigan Intrastate Lateral System Partnership (50%) ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Michigan Intrastate Lateral System Partnership is 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. - 10 - 12 11.15. Nitrotec Corporation (50%) ADDRESS: 1021 Main Street, Suite 2800, Houston, Texas 77002 Nitrotec Corporation is a Delaware corporation formed to invest in plants that extract helium from natural gas. 11.16 Otsego EOR LLC (25%) ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Otsego EOR LLC is a Michigan limited liability company formed as an enhanced oil-recovery project consisting of three oil reservoirs and pipeline and compression facilities located in Otsego County, Michigan. 11.17 Panhandle Eastern Pipe Line Company ADDRESS: 5444 Westheimer Court, Houston, TX 77056-5310 Panhandle Eastern Pipe Line Company is a Delaware corporation formed for the transmission of natural gas. 11.17.1 CMS Panhandle Eastern Resources, Inc., a Delaware corporation 11.17.2 CMS Panhandle Storage Company, a Delaware corporation 11.17.3 Pan Gas Storage Company, a Delaware corporation 11.17.4 Trunkline Field Services Company, a Delaware corporation 11.17.4.1 *PanEnergy Lake Charles Generation, Inc., a Delaware corporation 11.17.5 Trunkline Gas Company 11.17.5.1 CMS Trunkline Deepwater Pipeline Company, L.L.C., a Delaware limited liability company 11.17.5.2 CMS Trunkline Offshore Pipeline Company, L.L.C., a Delaware limited liability company 11.17.5.3 CMS Trunkline Gas Resources, Inc., a Delaware corporation 11.15.5.4 CMS Trunkline Pipeline Holdings, ` Inc., a Delaware corporation 11.17.6 Trunkline LNG Company, a Delaware corporation - 11 - 13 11.18 TriState Pipeline, L.L.C (66-2/3%) ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 TriState Pipeline, L.L.C. is a Michigan limited liability company formed to hold interests in the TriState Pipeline. 11.19 Western Australia Gas Transmission Company I ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Western Australia Gas Transmission Company I is a Cayman Islands corporation formed to hold interests in a natural gas pipeline project in Australia and the Atacama Project in Chile. 11.19.1 CMS Gas Transmission del Sur Company (60%), a Cayman Islands corporation 11.19.1.1 Atacama Finance Co. (50%) 11.19.1.2 CMS Atacama Company 11.19.1.3 Compania de Inversiones CMS Energy Chile Limitada (60%), A Chilean company 11.19.1.3.1 Administradora Proyecto Atacama S.A. (50%) 11.19.1.3.2 Gasoducto Atacama Compania Ltda LLP 11.19.1.3.2.1 Gasoducto Taltal Limitada (99%) 11.19.1.3.2.2 Progas S.A. (99.9) 11.19.1.3.3 Noroeste Pacifico Generacion de Energia Limitada (50%) 11.19.1.3.3.1 Empresa de Transmision Electrica Transemel SA (40%) 11.19.1.3.3.2. Progas S.A. (.1%) 11.19.1.4 Energex Co. (30%) 11.19.1.5 Gasoducto Cuenca Noroeste Limitada (30%) 11.19.1.5.1 Gasoducto Cuenca Noroeste Limitado Argentine Branch 11.19.1.5.2 Gasoducto Taltal Limitasa (1%) 11.19.2 CMS Gas Transmission of Australia Holding Company, a Cayman Islands corporation 11.19.2.1 CMS Gas Transmission of Australia, a Cayman Islands corporation
- 12 - 14 11.19.3 CMS International Financial Services Company, a Cayman Islands corporation 11.19.4 CMS Luxembourg SARL, a Luxemburg corporation 11.19.4.1 Valandrid B.V. a Netherlands corporation 11.19.4.2 CMS Goldfields Gas Transmission Australia Pty. Ltd., a Australian corporation 11.19.4.1.1. SCP Investments (No. 1) Pty. Ltd. (45%) 11.19.4.1.2 SCP Investments (No. 2) Pty. Ltd. 11.19.4.1.2.1 Southern Cross Pipelines Australia Pty. Ltd. 11.19.4.1.2.1.1 Goldfields Gas Transmission Joint Venture (66.664%) 11.19.4.1.1.1.1.1 Goldfields Gas Transmission Pty. Ltd. 11.19.4.3 CMS TriState Canada Unlimited Company (Inactive) 11.19.4.3.1 TriState Canada Limited Partnership (66%) 12. CMS GENERATION CO. ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Co is a Michigan corporation engaged in the development of and investment in cogeneration and other independent power generation projects both domestic and foreign. 12.1 CMS Centrales Termicas S.A. (99%) ADDRESS: Avenida Presidente Roque Saenz Pena 1116, 9th Floor, Buenos Aires, Argentina CMS Centrales Termicas S.A. is an Argentine company formed to own an interest in a 240 MW natural gas/fuel oil-fired electric power plant near Mendoza, Argentina.
- 13 - 15 12.2 CMS Generation Altoona Company ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Altoona Company is a Michigan corporation formed to develop, construct, own, operate and maintain a bituminous coal, bituminous coal waste or other solid fuel-burning facility. 12.3 CMS Generation Chateaugay Company ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Chateaugay Company is a Michigan corporation involved as a General Partner in KES Chateaugay, LP, a limited partnership. 12.4 CMS Generation Filer City, Inc. ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Filer City, Inc. is a Michigan corporation involved as a 1% General Partner in the T.E.S. Filer City Station Limited Partnership, a Michigan limited partnership that is the owner of the 54 megawatt (net) wood chip and coal-fired electric generating station in Filer City, Michigan. 12.5 CMS Generation Filer City Operating Company ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Filer City Operating Company is a Michigan corporation formed to operate a coal and waste wood-fueled power plant near Filer City, Michigan owned by the T.E.S. Filer City Station Limited Partnership. 12.6 CMS Generation Genesee Company ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Genesee Company is a Michigan corporation involved as a 1% General Partner in the Genesee Power Station Limited Partnership, a Delaware limited partnership, which owns and operates a 35-megawatt (net) waste wood-fired electric generating facility located in Genesee County, Michigan. - 14 - 16 12.7 CMS Generation Grayling Company ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Grayling Company is a Michigan corporation involved as a 1% General Partner in Grayling Generating Station Limited Partnership, a Michigan limited partnership, that owns a 36-megawatt (net) waste wood- fueled power plant in Grayling, Michigan. Grayling Generating Station Limited Partnership owns GGS Holdings Company, a Michigan corporation, which is a .5% General Partner in AJD Forest Products Limited Partnership that operates a sawmill adjacent to the Grayling Generating Station and also supplies waste wood fuel to Grayling Generating Station Limited Partnership is a 49.5 % Limited Partner in AJD Forest Products Limited Partnership, a Michigan limited partnership. 12.8 CMS Generation Grayling Holdings Company ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Grayling Holdings Company is a Michigan corporation involved as a 49% Limited Partner in Grayling Generating Station Limited Partnership, a Michigan limited partnership. Grayling Generating Station Limited Partnership owns GGS Holdings Company, a Michigan corporation that owns a .5% General Partner interest in AJD Forest Products Limited Partnership, a Michigan limited partnership. 12.8.1 Grayling Partners Land Development LLC (49%) 12.9 CMS Generation Holdings Company ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Holdings Company is a Michigan corporation involved as a limited partner in various partnerships and in the following companies: 12.9.1 Centrales Termicas Mendoza S.A. (CTM)(1%), an Argentine corporation 12.10 CMS Generation Honey Lake Company ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Honey Lake Company is a Michigan corporation with a General Partnership interest and a Limited Partnership interest in HL Power Company, a California limited partnership that uses waste wood and geothermal fluid to generate a 30-megawatt (net) electric generating station in Lassan County, California. Also involved as General Partner in Honey Lake Energy I LP, and Honey Lake Energy II LP, both Michigan limited partnerships formed to own limited partnership interests in HL Power Company. - 15 - 17 12.11 CMS Generation Investment Company I ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 CMS Generation Investment Company I is a Cayman Islands company involved as a holding company for CMS Generation overseas investments that engage in the construction, ownership or operation of various power projects in the Philippines, India, Morocco, Thailand, United Arab Emirates, Ghana and Australia: 12.11.1 *CMS Generation Cebu Limited Duration Company (99%), a Cayman Islands company 12.11.1.1 Toledo Power Company (47.5%), 12.11.1.2 Toledo Holdings Corp. (40%) 12.11.2 *CMS Generation Cebu Operating Limited Duration Company (99%), a Cayman Islands company 12.11.3 CMS Generation Investment Company III, a Cayman Islands company 12.11.3.1 CMS Energy Mauritius Limited 12.11.3.1.1 *GMR Vasavi Power Corporation Pvt Ltd. (49%) 12.11.3.1.2 TN LNG & Power Co. Pvt. Ltd. (India) (TIDCO) (26.67%) 12.11.3.2 CMS Generation Jegurupadu I Limited Duration Company (99%), a Cayman Islands company 12.11.3.2.1 Jegurupadu O&M Company Mauritius (50%) 12.11.3.2.1.1 *Jegurupadu Operating & Maintenance Company (60%) 12.11.3.3 CMS Generation Jegurupadu II Limited Duration Company (99%), a Cayman Islands company 12.11.3.4.CMS Generation Neyveli Ltd., a Mauritius company 12.11.3.4.1 ST CMS Electric Company Private Limited (50%), an Indian company 12.11.3.5 Jegurupadu CMS Generation Company Ltd. 12.11.3.5.1 *GVK Industries Ltd. (18.75%) 12.11.4 CMS Generation Investment Company IV
- 16 - 18 12.11.4.1 CMS Generation Investment Company II, a Cayman Islands company 12.11.4.1.1 *CMS Generation Cebu Limited Duration Company (1%), a Cayman Islands company 12.11.4.1.2 *CMS Generation Cebu Operating Limited Duration Company (1%), a Cayman Island company 12.11.4.1.3 CMS Generation Jegurupadu I Limited Duration Company (1%), a Cayman Islands company 12.11.4.1.4 CMS Generation Jegurupadu II Limited Duration Company (1%), a Cayman Islands company 12.11.4.1.5 CMS Generation Jorf Lasfar I Limited Duration Company (65%), a Cayman Islands company 12.11.4.1.6 CMS Generation Jorf Lasfar II Limited Duration Company (65%), a Cayman Islands company 12.11.4.1.7 CMS Generation Pinamucan Limited Duration Company (1%), a Cayman Islands company 12.11.4.1.8 CMS Generation Pinamucan Operating Limited Duration Company (1%), a Cayman Islands company 12.11.4.2 CMS Generation Jorf Lasfar I Limited Duration Company (35%), a Cayman Islands company 12.11.4.2.1 CMS Generation Netherlands B.V., a Netherlands company 12.11.4.2.1.1 Jorf Lasfar Energiaktiebolag, a Swedish corporation 12.11.4.2.1.2 Jorf Lasfar Power Energy Aktiebolag 12.11.4.2.1.2.1 Jorf Lasfar Energy Company SCA (23%) 12.11.4.3 CMS Generation Jorf Lasfar II Limited Duration Company (35%)
- 17 - 19 12.11.4.4 CMS Generation Jorf Lasfar III Limited Duration Company (50%) 12.11.4.5 CMS Generation Luxembourg S.a.r.l. CMS Generation Luxembourg S.a.r.l. is a Luxembourg corporation. 12.11.5 CMS Generation Investment Company V 12.11.5.1 Compania de Inversiones CMS Energy-Chile Ltda. 12.11.5.2 Gasoducto Cuenca Noroeste Ltda. 12.11.6 CMS Generation Investment Company VI 12.11.6.1 CMS Takoradi Investment Company 12.11.6.1.1 CMS Takoradi Investment Company II 12.11.6.1.1.1 *Takoradi International Company (Cayman Islands) (90%) 12.11.7 CMS Generation Investment Company VII 12.11.7.1 CMS Generation Taweelah Limited 12.11.7.1.1 **Emirates CMS Power Company (40%) 12.11.8 CMS Generation Loy Yang Holdings 1 Ltd., 12.11.8.1 **Horizon Energy Holding Ltd. 12.11.8.1.1 Loy Yang Power Projects Pty. Lt. (49.6%) 12.11.8.1.2 Loy Yang Power Management Pty Ltd (49.%) 12.11.9 CMS Generation Loy Yang Holdings 2 Ltd. 12.11.9.1 **CMS Generation Horizon Energy Holdings Ltd 12.11.9.1.1 Lang Power Projects Pty Ltd (49.6%) 12.11.9.1.2 Loy Yang Power Management Pty. Ltd. (49.6%) 12.11.10 CMS Generation Pinamucan Limited Duration Company (99%) 12.11.11 CMS Generation Pinamucan Operating Limited Duration Company (99%) 12.11.12 CMS Generation Taweelah Limited I 12.11.13 Energex Co. (20%) 12.11.14 Jorf Lasfar Energiaktiebolag, a Swedish corporation 12.11.14.1 Jorf Lasfar Energy Company SCA (25%)
- 18 - 20 12.11.15 *National Power Supply Co. Ltd. (Thailand (66.24%) 12.11.16 Servicios de Aguas de Chile CMS y Compania Limitada (99.99%) 12.12 CMS Generation Lyonsdale Company ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1000, Dearborn, Michigan 48126 CMS Generation Lyonsdale Company is 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. 12.13 *CMS Generation Michigan Power L.L.C. ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 CMS Generation Michigan Power L.L.C. is a Michigan limited liability corporation formed to own generating units which are to be sited in Michigan for the purpose of generating power during peak demand periods. 12.14 CMS Generation Mon Valley Company ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1000, Dearborn, Michigan 48126 CMS Generation Mon Valley Company is a Michigan corporation involved as General Partner in the Mon Valley Energy Limited Partnership formed to develop, construct, finance and operate the Mon Valley Project, an 80-megawatt (net) coal fired cogeneration plant in Pennsylvania. 12.15 CMS Generation Montreal Company ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 CMS Generation Montreal Company is a Michigan corporation that owns and operates a waste wood recovery facility in the greater Montreal, Quebec, Canada area. 12.16 *CMS Generation Operating Company ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1000, Dearborn, Michigan 48126 - 19 - 21 CMS Generation Operating Company is a Michigan corporation formed to be involved in the operation of various power plants including Grayling, Chateaugay, Exeter and Genesee. 12.17 CMS Generation Recycling Company ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1000, Dearborn, Michigan 48126 CMS Generation Recycling Company is a Michigan corporation involved as a member of Mid-Michigan Recycling, LLC, a Michigan limited liability company, formed to supply waste wood fuel for the Genesee Power Station Limited Partnership. 12.17.1 Mid-Michigan Recycling, L.C. (50%) 12.18 CMS Generation SA (99.99%) ADDRESS: Edificio Torre Catalinas Plaza, Ing. Enrique Butty 220, 8 Piso, (Av. E. Madero Alt. 800/900), (1300) Buenos Aires, Argentina CMS Generation SA is an Argentine company formed to carry out on its own account or that of third parties investments in energy-related businesses located primarily in South America. 12.18.1 *Hidroelectrica El Chocon S.A. (59%) 12.18.2 Hidroinvest SA, an Argentine company (25%) 12.19 CMS Generation San Nicolas Company ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1000, Dearborn, Michigan 48126 CMS Generation San Nicolas Company is a Michigan corporation formed to hold an equity interest in an Argentine company that is the owner and operator of a 650 MW power plant located in San Nicolas, Argentina 12.19.1 Inversora de San Nicolas, SA (1%) 12.19.1.1 *Centrales Termica San Nicolas S.A. (88%) - 20 - 22 12.20 *CMS International Operating Company ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1000, Dearborn, Michigan 48126 CMS International Operating Company is a Cayman Islands corporation, formed to own and control project operating and maintenance companies. 12.20.1 Jorf Lasfar Operations Handelsbolag (99%) 12.20.1.1 *CMS Moroco Operating Co, SCA (99.7%) 12.21 CMS Rio Grande do Sul Ltda ADDRESS: 85 Av Rio Branco, 8th Floor, Rio de Janeiro, RJ 20040-004 Brazil CMS Rio Grande de Sul Ltda is a Brazilian company engaged in the development and investment in electric distribution project in Brazil. 12.22 *Dearborn Generation Operating, L.L.C ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 Dearborn Generation Operating, L.L.C. is a Michigan Limited Liability Company formed to operate the Ford/Rouge project. 12.23 Dearborn Industrial Energy, LLC ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 Dearborn Industrial Energy, LLC is a Michigan limited liability corporation formed to own and operate the power project at the Ford/Rouge complex. 12.23.1 *Dearborn Industrial Generation, L.L.C. 12.24 Exeter Management Company (50%) ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 Exeter Management Company is a Connecticut corporation involved as a General Partner in the Exeter Energy Limited Partnership that owns and operates a 26-megawatt (net) tire-burning facility in Sterling, Connecticut. - 21 - 23 12.25 HYDRA-CO Enterprises, Inc. ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 HYDRA-CO Enterprises, Inc is a New York corporation engaged in the ownership and/or operation, by itself or with others, of one or more cogeneration, small hydro or alternate energy production facilities through partnership interests and ownership of domestic corporations. HYDRA-CO is involved in the development, ownership, management or operation of independent power projects located in seven states and in Jamaica. 12.25.1 CMS Generation Operating Company II, Inc. 12.25.1.1 HCO-Jamaica, Inc. 12.25.1.1.1 *Private Power Operators Limited (50%) 12.25.2 CMS Generation Stratton Company 12.25.3 HCE-Appomattox, Inc. 12.25.4 HCE-Biopower, Inc. 12.25.5 HCE-Hudson, Inc. 12.25.6 HCE-Imperial Valley, Inc. 12.25.7 HCE-Jamaica Development, Inc. 12.25.8 HCE-Rockfort Diesel, Inc. 12.25.8.1 *Jamaica Private Power Company, Limited (41.2%) 12.25.9 HYDRA-CO Generation, Inc. (Inactive) 12.25.10 Jamaica Energy Team Limited (59.7%) 12.25.11 New Bern Energy Recovery, Inc. 12.26 McCook Cogeneration Station, LLC (50%)(Inactive) ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 McCook Cogeneration Station, LLC is a Michigan limited liability company formed to develop and own a 40-megawatt (net) waste wood fueled electric generating facility located in Cook County, Illinois. 12.27 McCook Waste Wood Recovery Facility, LLC (50% Member) ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 McCook Waste Wood Recovery Facility, LLC is a Michigan limited liability company formed to develop and own a waste wood recycling and processing facility where waste wood will be received, manually and mechanically separated and then recycled or processed for use at McCook Cogeneration Station, LLC - 22 - 24 12.28 Metro East, LLC (50%)(Inactive) ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 Metro East, LLC is a Michigan limited liability company formed to develop and own a 60-megawatt (net) waste wood and waste coal fueled electric generating facility located in the City of Madison, Illinois. 12.29 Oxford Tire Recycling, Inc. (Inactive) ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 Oxford Tire Recycling, Inc. is a Delaware corporation engaged in tire collection, shredding and storage, the sale of used and shredded tires, and related business activities. 12.30 Oxford Tire Recycling of Massachusetts, Inc. ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 Oxford Tire Recycling of Massachusetts, Inc. is a Delaware corporation engaged in waste tire collection, shredding and storage, the sale of used and shredded tires, and related business activities. 12.31 Oxford Tire Supply, Inc. ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 Oxford Tire Supply, Inc. is a Delaware corporation engaged in trucking and hauling used scrap tires and sorting and grading tires for resale. 12.32 **Taweelah A2 Operating Company ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 Taweelah A2 Operating Company is a Michigan corporation formed to operate the Taweelah A2 electric generating units in Abu Dahbi, United Arab Emirates. - 23 - 25 12.33 ENELMAR, S.A. (40%) ADDRESS: Baker & McKenzie, Torre Edicampo, P.H. Avenida Francisco De Miranda, Cruce Con Avenida Tercera, Urbanizacion Campo Alegre, Caracas, Venezuela ENELMAR, S.A. is a Venezuela company formed to hold CMS Electric and Gas Company's interest in the privatized electric system of the State of Nueva Esparta. 13. CMS LAND COMPANY ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 CMS Land Company is a Michigan corporation formed to act as a repository for any unused real property formerly owned by Consumers Energy Company and hold the same for possible non-utility development. 13.1 Bay Harbor Company, L.L.C. (50% Member) ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 Bay Harbor Company is a Michigan limited liability company that is the owner and developer of Bay Harbor, a real estate development. 13.2 Bay Harbor Village Company, L.L.C. (50%). ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 Bay Harbor Village Company is a Michigan limited liability company involved in the retail shop, restaurant and residential real estate aspects of the Bay Harbor Resort development 14. CMS MARKETING, SERVICES AND TRADING COMPANY ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 CMS Marketing, Services and Trading Company is a Michigan corporation involved in providing gas, electric, oil and coal marketing, risk management and energy management services. - 24 - 26 14.1 CMS Merchant Services, L.L.C. ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 CMS Merchant Services, L.L.C. is a Michigan Limited Liability Company formed for the purpose of purchasing capacity under the FERC's capacity release regulations for monthly transactions. 14.2 CMS MST Engineering Company ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 CMS MST Engineering Company is a Michigan corporation formed to provide professional engineering services that includes system engineering design and energy consulting. 14.3 CMS MS&T Michigan L.L.C. ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 CMS MS&T Michigan L.L.C. is a Michigan Limited Liability Company formed for the purpose of taking an assignment of the Ford/Rouge Electricity Sales Agreements from DIG and to perform those contracts as well as any further contracts entered into by Ford/Rouge affiliates. 14.4 CMS Texon Company ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 CMS Texon Company is a Michigan corporation involved as a General Partner in Texon, LP, a Texas limited partnership engaged in transporting, processing and marketing of crude oil and natural gas liquids and services related thereto. 14.5 CMS Viron Corporation ADDRESS: 216 Northwest Platte Valley Drive, Riverside, Missouri 64150 CMS Viron Corporation is a Missouri corporation formed to provide services in the areas of energy usage analysis and the engineering and implementation of energy conservation measures. - 25 - 27 14.6 PremStar Energy Canada Ltd.(50%) ADDRESS: Suite 104, 330 Richmond Street, Chatham, Ontario Canada N7M 1P7 PremStar Energy Canada Ltd, is a Canadian corporation engaged in purchasing, transporting, storing, selling, brokering and marketing natural gas in North America and energy-related consulting. 14.6.1 Energistics Group, Inc. 14.6.2 ECNG Inc 14.7 Enline Energy Solutions, LLC (50%) ADDRESS: 1021 Main Street, Suite 2600, Houston, TX 77002-6606 Enline Energy Solutions, LLC is a Texas limited liability company engaged in purchasing, transporting, storing, selling, brokering and marketing natural gas, oil, propane and electricity and energy-related consulting. 15. CMS OIL AND GAS COMPANY (FORMERLY KNOWN AS CMS NOMECO OIL & GAS CO.) ADDRESS: 1021 Main Street, Suite 2800, Houston, Texas 77002 CMS Oil and Gas Company is a Michigan corporation engaged in the exploration, development, acquisition, and production of oil and natural gas in the U.S. and in foreign countries through partnership interests and ownership of domestic and foreign corporations. 15.1 CMS Oil and Gas (International) Company ADDRESS: 1021 Main Street, Suite 2800, Houston, Texas 77002 CMS Oil and Gas (International) Company is a Texas corporation, formerly known as CMS NOMECO International, Inc., engaged as a holding company that engages in the exploration and production of oil and natural gas in Africa: 15.1.1 CMS NOMECO International Congo Holdings, Inc. 15.1.1.1 CMS NOMECO Congo, Inc. 15.1.2 CMS Oil and Gas (Cameroon) Ltd., formerly known as CMS NOMECO Cameroon Ltd. 15.1.3 CMS Oil and Gas (Cote d'Ivoire) Ltd., formerly known as CMS NOMECO Cote d'Ivoire Ltd. 15.1.4 CMS Oil and Gas (Eritrea) Ltd. - 26 - 28 15.1.5 CMS Oil and Gas (Services) Company, formerly known as CMS Oil and Gas International (Transportation) Company 15.1.6 CMS Oil and Gas International (Tunisia) Company, formerly known as CMS NOMECO International Tunisia, Inc. 15.2 CMS Oil and Gas (International) Ltd. ADDRESS: 1021 Main Street, Suite 2800, Houston, Texas 77002 CMS Oil and Gas (International) Ltd. is a Cayman Islands corporation, formerly known as CMS NOMECO International Ltd., engaged as a holding company for Cayman Islands subsidiaries that principally engage in the exploration and production of oil and natural gas in South America and West Africa: 15.2.1 CMS Oil and Gas (Venezuela) LDC, formerly known as CMS NOMECO Venezuela LDC 15.2.2 CMS Oil and Gas (Alba) LDC, formerly known as CMS NOMECO Alba LDC 15.2.3 NOMECO Argentina LDC, formerly known as CMS Oil and Gas (Argentina) LDC 15.2.4 CMS Oil and Gas (Congo) Ltd., formerly known as CMS NOMECO Congo Ltd. 15.2.5 CMS Oil and Gas (E.G.) LDC, formerly known as CMS NOMECO E.G. LDC 15.2.5.1 Punta Europa LLC 15.2.6 CMS Oil and Gas (E.G.) Ltd., formerly known as CMS NOMECO E.G. Ltd. 15.2.7 Alba Associates LLC (54% jointly owned by CMS Oil and Gas (Alba) LDC, CMS Oil and Gas (E.G.) LDC and CMS Oil and Gas (E.G.) Ltd.) 15.2.7.1 Alba Plant LLC (80% owned by Alba Associates LLC) 15.3 CMS Oil and Gas (Pipeline) Company ADDRESS: 1021 Main Street, Suite 2800, Houston, Texas 77002 CMS Oil and Gas (Pipeline) Company is a Michigan corporation, formerly known as CMS NOMECO Pipeline Company, formed to hold ownership interests in various natural gas pipelines located in Michigan. 15.4 Explotaciones CMS Oil and Gas Company ADDRESS: World Trade Center, Torre B., Offc. 705, Calle 100, No. 8A-49, Bogota, Colombia - 27 - 29 Explotaciones CMS Oil and Gas Company is a Delaware corporation, formerly known as Explotaciones CMS NOMECO Inc., engaged in the exploration and production of oil and natural gas in Colombia. 15.5 NOMECO Ecuador Oil Company ADDRESS: 1021 Main Street, Suite 2800, Houston, Texas 77002 NOMECO Ecuador Oil Company is a Michigan corporation formed to pursue exploration and production of oil and natural gas in Ecuador. 16. **CMS OPERATING, S.A. (99%) ADDRESS: Edificio torre Catalinas Plaza, Ing. Butty 220, 8th Floor, Buenos Aires, Argentina CMS Operating, S. A. is an Argentina corporation formed to own 80 percent of Cuyana de Inversiones, S.A., 16.1 *CMS Ensenada S.A. (99%) 16.2 Cuyana S.A. De Inversiones (99%) 16.2.1 Centrales Termicas Mendoza, S.A. (92.6%) 16.3 Transportadora de Gas del Mercosur (Argentina)(TGM)(20%) 17. CMS RESOURCE DEVELOPMENT COMPANY ADDRESS: Fairlane Plaza South, 330 Town Center Drive, Suite 1100, Dearborn, Michigan 48126 CMS Resource Development Company is a Michigan corporation formed to pursue and develop various power sources outside the United States. 18. MONARCH MANAGEMENT COMPANY ADDRESS: Fairlane Plaza South, Suite 1100, 330 Town Center Drive, Dearborn, Michigan 48126 Monarch Management Company is a Michigan corporation that houses several investments whose principal business is the provision of services to energy and other regulated entities. - 28 - 30 C. CONSUMERS ENERGY COMPANY ADDRESS: 212 West Michigan Avenue, Jackson, Michigan 49201 The consolidated operations of Consumers Energy Company ("Consumers") account for the largest share of CMS Energy's total assets and income and accounts for a substantial portion of its revenues. The name, state of organization and nature of business of Consumers' subsidiaries are described below: 1. CMS ENGINEERING CO. ADDRESS: 212 West Michigan Avenue, Jackson, Michigan 49201 CMS Engineering Company is a Michigan corporation engaged in offering design, engineering, project management and related construction services to natural gas utilities, natural gas exploration and production companies, and other energy businesses. 2. CMS MIDLAND HOLDINGS COMPANY ADDRESS: 212 West Michigan Avenue, Jackson, Michigan 49201 CMS Midland Holdings Company is a Michigan corporation involved as a Limited Partner in the First Midland Limited Partnership, a Delaware limited partnership, a partnership that leases assets to the Midland Cogeneration Venture Limited Partnership, a Michigan limited partnership. 3. CMS MIDLAND, INC. ADDRESS: 212 West Michigan Avenue, Jackson, Michigan 49201 CMS Midland, Inc. is as Michigan corporation engaged as a 49% General Partner in the Midland Cogeneration Venture Limited Partnership, a Michigan limited partnership. 4. CONSUMERS ENERGYGUARD SERVICES, INC. ADDRESS: 212 West Michigan Avenue, Jackson, Michigan 49201 Consumers EnergyGuard Services, Inc. is a Michigan corporation formed for the purpose of marketing EnergyGuard, a residential bill payment insurance product to Consumers' residential customers. - 29 - 31 5. CONSUMERS FUNDING LLC ADDRESS: 212 West Michigan Avenue, Jackson, Michigan 49201 Consumers Funding LLC is a Delaware limited liability company formed for the purpose of acting as assignee of property transferred by Consumers and issuer of securitization bonds. 6. ES SERVICES COMPANY ADDRESS: 212 West Michigan Avenue, Jackson, Michigan 49201 ES Services Company is a Michigan corporation formed for the purpose of offering design, engineering, project management and related services primarily to electric utilities and generation facilities. 7. MEC DEVELOPMENT CORP. ADDRESS: 212 West Michigan Avenue, Jackson, Michigan 49201 MEC Development Corp. is 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. 8. MICHIGAN ELECTRIC TRANSMISSION COMPANY ADDRESS: 212 West Michigan Avenue, Jackson, Michigan 49201 Michigan Electric Transmission Company is a Michigan corporation formed for the purpose of owning electric transmission facilities to be acquired from Consumers. 9. MICHIGAN GAS STORAGE COMPANY ADDRESS: 212 West Michigan Avenue, Jackson, Michigan 49201 Michigan Gas Storage Company is a Michigan corporation and a natural gas company within the meaning of the Natural Gas Act engaged in the interstate transportation and storage of gas for a number of customers including Consumers. - 30 - 32 2. A BRIEF DESCRIPTION OF THE PROPERTIES OF CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY COMPANIES USED FOR THE GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRIC ENERGY FOR SALE, OR FOR THE PRODUCTION, TRANSMISSION AND DISTRIBUTION OF NATURAL OR MANUFACTURED GAS, INDICATING THE LOCATION OF PRINCIPAL GENERATING PLANTS, TRANSMISSION LINES, PRODUCING FIELDS, GAS MANUFACTURING PLANTS, AND ELECTRIC AND GAS DISTRIBUTION FACILITIES, INCLUDING ALL SUCH PROPERTIES WHICH ARE OUTSIDE THE STATE IN WHICH CLAIMANT AND ITS SUBSIDIARIES ARE ORGANIZED AND ALL TRANSMISSION OR PIPELINES WHICH DELIVER OR RECEIVE ELECTRIC ENERGY OR GAS AT THE BORDERS OF SUCH STATE. -------------------------------------------------------------------------------- Claimant has no directly owned properties used for such purposes. Claimaint's subsidiary Consumers is a public utility. Its property and facilities used for the above-described purposes are located within the State of Michigan and are described below. (1) ELECTRIC PROPERTIES Consumers' electric generation is supplied by the following plants:
AREA NAME LOCATION 2000 SUMMER NET 2000 NET GENERATION DEMONSTRATED CAPACITY (THOUSANDS OF KILOWATT-HOURS (KILOWATTS) COAL GENERATION JH CAMPBELL 1&2 WEST OLIVE 609,000 3,639,548 JH CAMPBELL 3 WEST OLIVE 765,100(1) 4,322,824 D.E KARN ESSEXVILLE 515,000 3,580,567 B C COBB MUSKEGON 320,000 2,182,702 JR WHITING ERIE 324,000 2,004,412 JC WEADOCK ESSEXVILLE 310,000 2,196,344 TOTAL 2,843,100 17,926,397 OIL/GAS GENERATION B C COBB MUSKEGON 183,000 52,900 D E KARN ESSEXVILLE 1,276,000 939,212 TOTAL 1,459,000 992,112
(1) 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.). - 31 - 33
AREA NAME LOCATION 2000 SUMMER NET 2000 NET GENERATION DEMONSTRATED CAPACITY (THOUSANDS OF KILOWATT-HOURS (KILOWATTS) LUDINGTON PUMPED STORAGE 954,700(2) (540,446) (3) TOTAL 954,700 (540,446) NUCLEAR GENERATION SOUTH PALISADES HAVEN 760,000 5,723,784 TOTAL 760,000 5,723,784 GAS/OIL COMBUSTION TURBINE GENERATION 346,800(4) 52,294 HYRO GENERATION 73,500 351,263 TOTAL 420,300 403,557 TOTAL OWNED BY GENERATION 6,437,100 24,505,404
(2) 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. (3) Represents Consumers' share of net pumped storage generation. This facility electrically pumps water during off peak-hours for storage to later generated electricity during peak demand hours. (4) Includes 1.8 MW of Distribution Generation. Generation Purchased and Interchange Power Capacity is 1,644,200, includes 1,240 MW of purchased contract capacity from the MCV Facility. - 32 - 34 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 4,467 structural miles of overhead lines. The subtransmission system consists of 4,176 structural miles of overhead lines and 16 Subsurface miles of underground lines. The distribution system consists of 61,298 structural miles of overhead lines and 7,386 subsurface miles of underground lines. Consumers owns substations having an aggregate transformer capacity of 40,254,830 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 that 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. ----------------- (1) MECS interconnects with electric systems in Ohio and Ontario, Canada through Detroit Edison. Detroit Edison interconnects with The Toledo Edison Company at Majestic-Lemoyne, Monroe-Bayshore and Allen Junction-Majestic-Monroe. Detroit Edison also interconnects with Ontario Hydro at Waterman-Keith, Bunce Creek-Scott and two points at St. Clair-Lambton. - 33 - 35 (2) GAS PROPERTIES As of December 31, 2000, Consumers' gas properties, all located in Michigan, included a gas distribution and transmission system, six 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 24,383 miles of distribution mains and 1,108 miles of transmission lines, throughout the lower peninsula of Michigan. Consumers owns and operates six compressor stations with a total of 115,400 installed horsepower. Michigan Gas Storage Company ("MGSC") owns and operates 2 gas transportation systems, 2 compressor stations, and 3 storage fields, all located in Michigan. Michigan Gas Storage transmission mains consist of 521 miles of transmission mains. Consumers receives natural gas for its local distribution system through interconnection facilities located in Michigan and at the Michigan State border. 3. THE FOLLOWING INFORMATION FOR THE LAST CALENDAR YEAR WITH RESPECT TO CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY COMPANIES: ELECTRIC ENERGY (A) NUMBER OF KWH OF ELECTRIC ENERGY SOLD (AT RETAIL OR WHOLESALE). SUBSIDIARY STATE KWH ---------- ----- --- CONSUMERS ENERGY MICHIGAN 38,497,400,287 ONTARIO, CANADA* 865,766,000 INDIANA 908,669,500 OHIO* 35,579,000 -------------- CONSUMERS ENERGY TOTAL 40,307,414,787 ============== CMS MARKETING, SERVICES AND TRADING COMPANY (CMS MS&T) MICHIGAN 23,222,000 PENNSYLVANIA 41,117,000 -------------- CMS MS&T TOTAL 64,339,000 ============== TOTAL ELECTRIC ENERGY SOLD 40,371,753,787 ============== * Represents the amounts ultimately delivered to the State line by Detroit Edison. - 34 - 36 (B) NUMBER OF KWH OF ELECTRIC ENERGY DISTRIBUTED AT RETAIL OUTSIDE OF THE STATE OF MICHIGAN. SUBSIDIARY STATE KWH ---------- ----- --- CONSUMERS ENERGY 0 CONSUMERS ENERGY TOTAL 0 CMS MARKETING, SERVICES AND TRADING COMPANY (CMS MS&T) PENNSYLVANIA 41,117,000 ---------- CMS MS&T TOTAL 41,117,000 ========== TOTAL ELECTRIC ENERGY DISTRIBUTED OUTSIDE OF THE STATE OF MICHIGAN 41,117,000 ========== (C) NUMBER OF KWH OF ELECTRIC ENERGY SOLD AT WHOLESALE OUTSIDE THE STATE OR AT THE STATE LINE OF MICHIGAN. SUBSIDIARY STATE KWH ---------- ----- --- CONSUMERS ENERGY ONTARIO, CANADA* 865,766,000 INDIANA 908,669,500 OHIO* 35,579,000 ------------- CONSUMERS ENERGY TOTAL 1,810,014,500 ============= * Represents the amounts ultimately delivered to the state line by Detroit Edison. - 35 - 37 SUBSIDIARY STATE KWH ---------- ----- --- CMS MARKETING, SERVICES AND TRADING COMPANY (CMS MS&T) GEORGIA 550,000 OHIO 22,562,373,000 INDIANA 100,000 KENTUCKY 50,000 LOUISIANA 10,396,616 PENNSYLVANIA 4,644,683,000 TENNESSEE 8,214,000 -------------- CMS MS&T TOTAL 27,226,366,616 =============== TOTAL ELECTRIC ENERGY SOLD AT WHOLESALE OUTSIDE THE STATE OF MICHIGAN OR AT MICHIGAN'S STATE LINE. 29,036,381,116 ============== - 36 - 38 (D) NUMBER OF KWH OF ELECTRIC ENERGY PURCHASED OUTSIDE OF THE STATE OF MICHIGAN OR AT MICHIGAN'S STATE LINE. SUBSIDIARY STATE KWH ---------- ----- --- CONSUMERS ENERGY ONTARIO, CANADA* 217,570,000 INDIANA 5,002,298,000 OHIO* 329,686,000 -------------- CONSUMERS ENERGY TOTAL 5,549,554,000 ============== CMS MARKETING, SERVICES AND TRADING COMPANY (CMS MS&T) OHIO 22,530,493,000 PENNSYLVANIA 4,686,296,000 TENNESSEE 6,606,000 LOUISIANA 10,397,600,000 INDIANA 381,000 -------------- CMS MS&T TOTAL 37,621,376,000 ============== TOTAL ELECTRIC ENERGY PURCHASED OUTSIDE OF MICHIGAN 43,170,930,000 ============== * Represents amounts ultimately delivered to the state line by Detroit Edison. - 37 - 39 NATURAL GAS(1) (A) NUMBER OF MCF. OF NATURAL GAS DISTRIBUTED AT RETAIL. SUBSIDIARY STATE MCF. ---------- ----- ---- CONSUMERS ENERGY MICHIGAN 249,047,658 ----------- CONSUMERS ENERGY TOTAL 249,047,658 =========== CMS MARKETING, SERVICES AND TRADING COMPANY (CMS MS&T) Arkansas 1,577,390 Illinois 859,538 Indiana 1,019,279 Iowa 167,623 Kansas 891,262 Kentucky 6,137,179 Louisiana 5,245,897 Massachusetts 733 Michigan 25,610,317 Missouri 165,070 Montana 58,729 Nebraska 63,678 Ohio 341,494 Oklahoma 4,044,776 Pennsylvania 2,525,896 Tennessee 218,950 ----------- CMS MS&T TOTAL 48,927,811 =========== TOTAL NATURAL GAS DISTRIBUTED AT RETAIL 297,975,469 =========== ---------- (1) CMS Energy information reports for Natural Gas, as it does not deal with or in manufactured gas. - 38 - 40 (B) NUMBER OF MCF. OF NATURAL GAS DISTRIBUTED AT RETAIL OUTSIDE THE STATE OF MICHIGAN SUBSIDIARY STATE MCF. ---------- ----- ---- CONSUMERS ENERGY 0 ---------- CONSUMERS ENERGY TOTAL 0 ========== CMS MARKETING, SERVICES AND TRADING COMPANY (CMS MS&T) Arkansas 1,577,390 Illinois 859,538 Indiana 1,019,279 Iowa 167,623 Kansas 891,262 Kentucky 6,137,179 Louisiana 5,245,897 Massachusetts 733 Mississippi 149,811 Missouri 165,070 Montana 58,729 Nebraska 63,678 Ohio 341,494 Oklahoma 4,044,776 Pennsylvania 2,525,896 Tennessee 218,950 ---------- CMS MS&T TOTAL 23,467,305 ========== TOTAL NATURAL GAS DISTRIBUTED AT RETAIL OUTSIDE THE STATE OF MICHIGAN 23,467,305 ========== - 39 - 41 (C) NUMBER OF MCF. OF NATURAL GAS SOLD AT WHOLESALE OUTSIDE MICHIGAN OR AT MICHIGAN'S LINE. SUBSIDIARY STATE MCF. ---------- ----- ---- CONSUMERS ENERGY 0 ----------- CONSUMERS ENERGY TOTAL 0 =========== CMS MARKETING, SERVICES AND TRADING COMPANY (CMS MS&T) ALABAMA 6,045,509 CALIFORNIA 14,634 COLORADO 3,109,294 GEORGIA 34,220 ILLINOIS 7,193,343 INDIANA 1,342,133 IOWA 1,341,463 KANSAS 32,571,762 KENTUCKY 3,298,804 LOUISIANA 133,800,247 MINNESOTA 1,684,849 MISSISSIPPI 7,889,127 NEW JERSEY 175,610 NORTH CAROLINA 280,077 OHIO 4,109,637 ONTARIO, CANADA 12,326,526 OKLAHOMA 954,001 PENNSYLVANIA 1,618,410 TENNESSEE 1,401,864 TEXAS 4,408,651 WISCONSIN 60,293 ----------- CMS MARKETING TOTAL 223,660,454 =========== TOTAL NATURAL GAS SOLD AT WHOLESALE OUTSIDE MICHIGAN OR AT MICHIGAN'S STATE LINE. 223,660,454 =========== - 40 - 42 (D) NUMBER OF MCF. OF NATURAL GAS PURCHASED OUTSIDE THE STATE OF MICHIGAN. SUBSIDIARY STATE MCF. ---------- ----- ---- CONSUMERS ENERGY** 215,918,000 ----------- CONSUMERS ENERGY TOTAL 215,918,000 =========== CMS MARKETING, SERVICES AND TRADING COMPANY (CMS MS&T) ALABAMA 6,596,953 ALBERTA, CANADA 471,589 CALIFORNIA 14,634 COLORADO 2,412,507 GEORGIA 64,879 ILLINOIS 3,631,995 INDIANA 177,947 IOWA 685,711 KANSAS 19,969,600 KENTUCKY 2,892,509 LOUISIANA 151,622,930 MARYLAND 1,200 MINNESOTA 1,728,100 MISSISSIPPI 7,776,149 MISSOURI 99,764 NEW JERSEY 582,264 NORTH CAROLINA 287,101 OHIO 1,778,416 ONTARIO, CANADA 30,226,039 PENNSYLVANIA 3,493,798 TENNESSEE 5,825,283 TEXAS 4,845,384 WEST VIRGINIA 629,502 WISCONSIN 252,920 ----------- CMS MS&T TOTAL 246,067,174 ----------- TOTAL NATURAL GAS PURCHASED OUTSIDE OF MICHIGAN 461,985,174 =========== ** Purchased gas data is not available by state or county for Consumers. - 41 - 43 4. THE FOLLOWING INFORMATION FOR THE REPORTING PERIOD WITH RESPECT TO CLAIMANT AND EACH INTEREST IT HOLDS DIRECTLY OR INDIRECTLY IN AN EWG OR A FOREIGN UTILITY COMPANY, STATING MONETARY AMOUNTS IN UNITED STATES DOLLARS: (A) NAME, LOCATION, BUSINESS ADDRESS AND DESCRIPTION OF THE FACILITIES USED BY THE EWG OR FOREIGN UTILITY COMPANY FOR THE GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRIC ENERGY FOR SALE OR FOR THE DISTRIBUTION AT RETAIL OF NATURAL OR MANUFACTURED GAS; (B) NAME OF EACH SYSTEM COMPANY THAT HOLDS AN INTEREST IN SUCH EWG OR FOREIGN UTILITY COMPANY; AND DESCRIPTION OF THE INTEREST HELD; (C) TYPE AND AMOUNT OF THE CAPITAL INVESTED, DIRECTLY OR INDIRECTLY, BY THE HOLDING COMPANY CLAIMING EXEMPTION; ANY DIRECT OR INDIRECT GUARANTEE OF THE SECURITY OF THE EWG OR FOREIGN UTILITY COMPANY BY THE HOLDING COMPANY CLAIMING EXEMPTION; AND ANY DEBT OR OTHER FINANCIAL OBLIGATION FOR WHICH THERE IS RECOURSE, DIRECTLY OR INDIRECTLY, TO THE HOLDING COMPANY CLAIMING EXEMPTION OR ANOTHER SYSTEM COMPANY, OTHER THAN THE EWG OR FOREIGN UTILITY COMPANY; (D) CAPITALIZATION AND EARNINGS OF THE EWG OR FOREIGN UTILITY COMPANY DURING THE REPORTING PERIOD; AND (E) IDENTIFY ANY SERVICE, SALES OR CONSTRUCTION CONTRACT(S) BETWEEN THE EWG OR FOREIGN UTILITY COMPANY AND A SYSTEM COMPANY, AND DESCRIBE THE SERVICES TO BE RENDERED OR GOODS SOLD AND FEES OR REVENUES UNDER SUCH AGREEMENT(S). CMS ENERGY'S EWG AND FOREIGN UTILITY COMPANIES As of December 31, 2000, CMS Energy had interests in 21 EWGs and 11 foreign utility companies: EXEMPT WHOLESALE GENERATORS: 1. CENTRALES TERMICAS SAN NICOLAS, S.A. ("CTSN") (a) Centrales Termicas San Nicolas, S.A. Rivadavia S/N 2900 San Nicolas Prov. Buenos Aires, Argentina CTSN, an Argentine company, is an EWG and is owner and operator of a 650 MW power plant located in San Nicolas, Argentina, north of Buenos Aires, Argentina. The - 42 - 44 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. (b) In May 1993, Inversora San Nicolas S.A. purchased an 88% share in CTSN. The remaining 12% interest is held by the Argentine government on behalf of the facility's employees. On July 7, 1995, AES Argentina, Inc. purchased a 99.9% ownership interest in CMS Generation San Nicolas Company, represented by 9,990 newly issued shares, leaving CMS Generation Co. with a 0.016% indirect ownership interest in CTSN. (c) As of December 31, 2000, 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. (d)* Capitalization at 12/31/00 (000s) Bank Loans $0.00 Long Term Debt (Partners Loans) $0.00 Shareholder's Equity $0.00 ----- Total Capitalization $0.00 ===== Net Income (Loss)for the period ended 12/31/00 $0.00 ===== * As stated in Claimant's Form U-3A-2 filed February 29, 1996, due to the nominal interest (.016%) of CTSN indirectly owned by CMS Generation Co., capitalization and earnings information of CTSN continues to be unavailable. (e) As of December 31, 2000, Centrales Termicas Mendoza, S.A., had a Contract of Operation with CMS Operating S.A. This is a consulting contract in connection with the operation and maintenance of the eligible facility. In 2000, total fees earned from the contract were $1,334,433. 2. CMS DISTRIBUTED POWER, L.L.C. (a) CMS Distributed Power, L.L.C. ("CDP") Fairlane Plaza South 330 Town Center Drive, Suite 300 Dearborn, Michigan 48126 CDP, a Michigan limited liability company, is an EWG and owns a 40 MW direct generator producing facility located in Zilwaukee, Michigan and a 38 MW direct generator producing facility in Dearborn, Michigan. (b) CMS Enterprises Company owns 100% of CDP. - 43 - 45 (c) As of December 31, 2000 CMS Enterprises Company funded approximately $15 million of expenditures by CDP. (d) Capitalization at 12/31/00 (000s) Bank Loans $ 0 Long Term Debt (Partners Loans) $ 0 Shareholder's Equity $ 999 ------- Total Capitalization $ 999 ======= Net Income (Loss) for the period ended 12/31/00 $ 999 ======= (e) During the year 2000, CDP had a power purchase agreement with CMS MS&T. In 2000, the total fees earned from the agreement were $5,946,000. 3. CMS ENSENADA S.A. ("Ensenada") (a) CMS Ensenada S.A. Edificio Torre Catalinas Plaza Ing. Butty 220 8th Floor (1101) Buenos Aires, Argentina Ensenada, an Argentine company, is an EWG and is the owner of a 128 MW natural gas-fired power plant, located on the grounds of YPF S.A.'s La Plata oil refinery, located in the province of Buenos Aires, Argentina. (b) CMS Operating S.A. owns 99% of Ensenada. CMS Generation Holdings Company owns 1%. See Exhibit B. (c) As of December 31, 2000, CMS Operating S.A. had invested approximately $37.9 million of equity in Ensenada. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $ 12 Irrevocable Contributions $305,852 OPIC Loan (LT) $ 52,174 -------- Total $358,038 ======== Net Income (Loss) for the period ended 12/31/00 $ 434 ======== - 44 - 46 (e) As of December 31, 2000, CMS Ensenada S.A. maintains a 7 year Operating and Maintenance Agreement with CMS Operating S.A. to operate and maintain the La Plata cogeneration plant. This agreement took effect in 1997. In 2000, total fees earned were $500,000. 4. CMS GENERATION CEBU LIMITED DURATION COMPANY ("Cebu") (a) CMS Generation Cebu Limited Duration Company c/o Maples and Calder P.O. Box 309, Grand Cayman Cayman Islands, British West Indies Cebu, a Cayman Islands company, is an EWG and has indirect 47.5% ownership interests in two power plants totaling 134.5 MW generating capacity located in Toledo City, Cebu, Philippines, in the central island group of the Republic of the Philippines. The plants can be fueled by coal, oil or diesel fuel. (b) CMS Generation Investment Company I and CMS Generation Investment Company II, own 99% and 1%, respectively, of Cebu. See Exhibit B. (c) As of December 31, 2000, CMS Generation Investment Company I and CMS Generation Investment Company II had invested approximately $14 million of equity in Cebu. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $ 13,564 Cumulative Translations Adjustment $ (8,466) -------- Net Income (Loss) for the period ended 12/31/00 $ 1,977 ======== (e) N/A 5. CMS GENERATION CEBU OPERATING LIMITED DURATION COMPANY ("Cebu Operating") (a) CMS Generation Cebu Operating Limited Duration Company c/o Maples and Calder P.O. Box 309, Grand Cayman Cayman Islands, British West Indies Cebu Operating, a Cayman Islands company, is an EWG and is the operator of two power plants totaling 134.5 MW generating capacity, located in Toledo City, Cebu, Philippines, in the central island group of the Republic of the Philippines. The plants are owned by Toledo Power Company. - 45 - 47 (b) CMS Generation Investment Company I and CMS Generation Investment Company II, own 99% and 1%, respectively, of Cebu Operating. See Exhibit B. (c) As of December 31, 2000, CMS Generation Investment Company I and CMS Generation Investment Company II had invested approximately $1.4 million of equity in Cebu Operating. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $1,158 Cumulative Translation Adjustment $ (140) ------ Net Income (Loss) for the period ended 12/31/00 $ (48) ====== (e) As of December 31, 2000, Toledo Power Company, owned 47.5% by Cebu Operating has an operating agreement, effective January 1, 1996, with Cebu Operating. In 2000, the total fees earned from the agreement were $18,023. 6. CMS GENERATION MICHIGAN POWER LLC (a) CMS Generation Michigan Power LLC Fairlane Plaza South 330 Town Center Drive Dearborn, Michigan 48126 CMS Generation Michigan Power LLC, a United States company, is an EWG and owns a 68 MW natural gas-fired peaking facility located in Comstock, Michigan and a 148 MW natural gas-fired peaking facility located in Gaylord, Michigan. (b) CMS Generation Co. owns 100% of CMS Generation Michigan Power LLC. See Exhibit B. (c) As of December 31, 2000, CMS Generation Co. had invested approximately $76 million of equity in CMS Generation Michigan Power LLC. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $76,054 ------- Net Income (Loss) for the period ended 12/31/00 $ 8,305 ======= - 46 - 48 (e) As of December 31, 2000, CMS Generation Michigan Power, LLC has an Operating and Maintenance Agreement with CMS Generation Co. In 2000, the total fees earned from the agreement were $200,000. 7. CMS GENERATION OPERATING COMPANY (a) CMS Generation Operating Company Fairlane Plaza South 330 Town Center Drive Dearborn, Michigan 48126 CMS Generation Operating Company, a United States company, is an EWG and is the operator of a 68 MW natural gas-fired peaking facility located in Comstock, Michigan and a 148 MW natural gas-fired peaking facility located in Gaylord, Michigan. (b) CMS Generation Co. owns 100% of CMS Generation Operating Company. See Exhibit B. (c) As of December 31, 2000, CMS Generation Company had invested approximately $5.3 million in CMS Generation Operating Company. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $ 5,354 ------- Net Income (Loss) for the period ended 12/31/00 $ 812 ======= (e) N/A 8. CMS INTERNATIONAL OPERATING COMPANY (a) CMS International Operating Company c/o Maples and Calder Ugland House P.O. Box 309, South Church Street George Town, Cayman Islands, British West Indies CMS International Operating Company, a Cayman Islands company, is an EWG and is the operator of a 330 MW combined cycle thermal power plant under construction located at the Takoradi Power Plant Complex near Takoradi at Aboadze in the Western Region of the Republic of Ghana. (b) CMS Generation Co. owns 100% of CMS International Operating Company. See Exhibit B. - 47 - 49 (c) As of December 31, 2000, CMS Generation Company had invested approximately $8.3 million in CMS International Operating Company. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $ 8,180 Cumulative Translation Adjustment $ (917) ------- Net Income (Loss) for the period ended 12/31/00 $ 1,713 ======= (e) NA 9. CMS MOROCCO OPERATING CO., SCA ("CMS Morocco") (a) CMS Morocco Operating Company SCA BP 99 Sidi Bouzid El Jadida Morocco CMS Morocco, a Moroccan company, is an EWG that operates two 330 MW electric generating plants and two 348 MW electric generating plants at the port of Jorf Lasfar on the Atlantic coast of Morocco. (b) Jorf Lasfar Operations Handelsbolag, CMS Generation Investment Company I, CMS International Operating Company, and CMS Generation Jorf Lasfar III Limited Duration Company own 99.7%, 0.1%, 0.1%, and 0.1%, respectively, of CMS Morocco. See Exhibit B. (c) As of December 31, 2000, 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 $6.2 million of equity in CMS Morocco. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $ 6,004 ------- Net Income (Loss) for the period ended 12/31/00 $ 1,377 ======= (e) As of December 31, 2000, Jorf Lasfar Energy Company has an Operating and Maintenance Agreement with CMS Morocco, effective September 7, 1997. In 2000, total fees earned this Operating and Maintenance Agreement were $1,477,836. - 48 - 50 10. DEARBORN GENERATION OPERATING, L.L.C. ("Dearborn Generation Operating") (a) Dearborn Generation Operating Fairlane Plaza South 3330 Town Center Dearborn, Michigan 48126 Dearborn Generation Operating, a United States company, is an EWG and is the operator of a 155 MW natural gas-fired facility and an approximately 550 MW natural gas-fired facility under construction located in Dearborn, Michigan. (b) CMS Generation Co. owns 100% of Dearborn Generation Operating. See Exhibit B. (c) As of December 31, 2000, CMS Generation Co. had invested $4.6 million in Dearborn Generation Operating. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $ 4,878 ------- Net Income (Loss) for the period ended 12/31/00 $ 546 ======= (e) As of December 31, 2000 Dearborn Generation Operating had an operating and maintenance agreement with Dearborn Industrial Generation. In 2000 the total operating and management fees were $624,269. 11. DEARBORN INDUSTRIAL GENERATION, L.L.C. ("Dearborn Industrial Generation") (a) Dearborn Industrial Generation, L.L.C. Fairlane Plaza South 330 Town Center Drive Dearborn, Michigan 48126 Dearborn Industrial Generation, a United States company, is an EWG and is the owner of a 155 MW natural gas-fired facility and an approximately 550 MW natural gas-fired facility under construction located in Dearborn, Michigan. (b) Dearborn Industrial Energy L.L.C. owns 100% of Dearborn Industrial Generation. See Exhibit B. (c) As of December 31, 2000, CMS Generation had invested $129 million in Dearborn Industrial Generation. - 49 - 51 (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $135,774 -------- Net Income (Loss) for the period ended 12/31/00 $ 0 ======== (e) N/A 12. GMR VASAVI POWER CORPORATION PVT. LTD.. ("GMR Vasavi") (a) GMR Vasavi Power Corporation Pvt. Ltd. 25/1, SKIP House Ground Floor Museum Road Bangalore 560 025, India GMR Vasavi, an Indian company, is an EWG and owns a 200 MW diesel-fired power plant located in Basin Bridge in Chennai (f.k.a. Madras), Tamil Nadu, India. (b) CMS Energy Maurtius Limited, a wholly owned subsidiary of CMS Generation Investment Company I, owns 49% of GMR Vasavi. See Exhibit B. (c) As of December 31, 2000, CMS Energy Maurtius Limited had invested $29.2 million in GMR Vasavi. (d) Capitalization at 11/30/00 (000s) Shareholder's Equity $ 65,638 Secured Loans $129,925 -------- Net Income (Loss) for the period ended 11/30/00 $ 10,826 ======== (e) As of December 31, 2000, there was a construction/management agreement between CMS Generation and GMR Vasavi of which total operating and management fees earned were $425,001. - 50 - 52 13. GVK INDUSTRIES LIMITED ("GVK") (a) GVK Industries Limited Road No. 1 Banjara Hills, Hyderabad India GVK, an Indian company, is an EWG and is owner of a 235 MW electric generating plant located in Jegurupadu, Andra Pradesh, India. (b) Jegurupadu CMS Generation Company Limited, owns 18.75% of GVK. See Exhibit B. (c) As of December 31, 2000, Jegurupadu CMS Generation Company Limited had invested $29.0 million of equity in GVK Industries, directly and indirectly through Classic Investment I and Classic Investment II. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $ 104,019 LT Liabilities $ 106,350 --------- Net Income (Loss) for the period ended 12/31/00 $ 10,887 ========= (e) As of December 31, 2000, GVK Industries, had a restated 10 year Operation and Maintenance Agreement with Jegurupadu Operating, effective on the commercial operation date of the steam turbine unit. In 2000, total fees earned from the agreement were $426,964. 14. HIDROELECTRICA EL CHOCON, S.A. ("Hidroelectrica") (a) Hidroelectrica El Chocon, S.A. Avenida Espana 3301 Capital Federal, Argentina Hidroelectrica, an Argentine company, is an EWG and holds a thirty-year concession to operate two hydroelectric power plants located 26 kilometers apart on the Limay River in western Argentina. These plants have a total generating capacity of 1,320 MW. (b) CMS Generation S.A. owns 2.48% of Hidroelectrica. Hidroinvest, S.A. owns 59% of Hidroelectrica. CMS Generation, S.A. owns 25% of Hidroinvest, S.A. See Exhibit B. (c) As of December 31, 2000, CMS Generation, S.A. had invested approximately $44 million of equity. 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 - 51 - 53 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. (d) Capitalization at 12/31/00 (000s) Bank Loans $180,000 Shareholder's Equity $355,612 -------- Total Capitalization $535,612 ======== Net Income (Loss) for the period ended 12/31/00 $ 15,686 ======== (e) N/A 15. JAMAICA PRIVATE POWER COMPANY LIMITED ("Jamaica Private Power") (a) Jamaica Private Power Company Limited 100 Windward Road, Kingston 2, Jamaica, W.I. Jamaica Private Power, a Jamaican company, is an EWG and is the owner of a 65 MW electric generating facility in Rockfort, Kingston, Jamaica. (b) HCE-Rockfort Diesel owns 41.2 % of Jamaica Private Power. See Exhibit B. (c) As of December 31, 2000, HCE Rockfort Diesel had invested approximately $21.7 million in Jamaica Private Power. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $ 45,472 Long-Term Debt $ 77,425 -------- Net Income (Loss) for the period ended 12/31/00 $ 9,883 ======== (e) As of December 31, 2000, Jamaica Private Power had an operating agreement with Private Power. In 2000, total fees earned from the agreement were $142,253. - 52 - 54 16. JEGURUPADU OPERATING AND MAINTENANCE COMPANY ("Jegurupadu Operating") (a) Jegurupadu Operating and Maintenance Company F-40, N.D.S.E., Part I New Delhi 110 149 India Jegurupadu Operating, a Mauritius company, is an EWG and is the operator of a 235 MW electric generating plant located in Jegurupadu, Andra Pradesh, India. The plant is owned by GVK Industries Limited. (b) Jegurupadu O&M Company Mauritius, owns 60% of Jegurupadu Operating. See Exhibit B. (c) As of December 31, 2000, Jegurupadu O&M Company had invested approximately $7.3 million of equity in Jegurupadu Operating, directly and indirectly through Classic Investment I and Classic Investment II. (d)
Capitalization at 12/31/00 (000s) Shareholders' Equity $ 1 ----- Net Income (Loss) for the period ended 12/31/00 $ 940 =====
(e) As of December 31, 2000, GVK Industries, had a restated 10 year Operation and Maintenance Agreement with Jegurupadu Operating, effective on the commercial operation date of the steam turbine unit. In 2000, total fees earned from the agreement were $426,964. 17. JORF LASFAR ENERGY COMPANY SCA ("Jorf Lasfar") (a) Jorf Lasfar Energy Company SCA BP 99 Sidi Bouzid El Jadida Morocco Jorf Lasfar, a Moroccan company, is an EWG that operates through a subcontractor, CMS Morocco Operating Company SCA, two existing 330 MW electric generating plants and will construct and operate through a different subcontractor two additional 348 MW electric generating plants located at the port of Jorf Lasfar on the Atlantic coast of Morocco. (b) Jorf Lasfar Energiaktiebolag, Jorf Lasfar Power Energy Aktiebolag, and Jorf Lasfar Handelsbolag HB, own 25%, 23% and 2%, respectively, of Jorf Lasfar. See Exhibit B - 53 - 55 (c) As of December 31, 2000, CMS Investment Co. IV had invested approximately $340.4 million of equity in Jorf Lasfar. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $ 284,857 Long Term Loans $ 954,632 --------- Net Income (Loss) for the period ended 12/31/00 $ 106,064 ========= (e) As of December 31, 2000, Jorf Lasfar had an Operating and Maintenance Agreement with CMS Morocco, effective September 4, 1997. In 2000, total fees earned under the agreement were $1,477,835. 18. NATIONAL POWER SUPPLY CO. LTD. ("National Power Supply") (a) National Power Supply Co. Ltd Fairlane Plaza South 330 Town Center Drive Dearborn, Michigan 48126 National Power Supply, a Thailand company, is an EWG and is the owner and operator of two approximately 150 MW coal-fired cogeneration units under construction with biomass fuel capability in the Tha Thuom area, Pranchiburi province, approximately 140 kilometers east of Bangkok, Thailand. (b) CMS Generation owns 100% of CMS Generation Operating Company I, which owns 66.24% of National Power Supply. See Exhibit B. (c) As of December 31, 2000, CMS Generation Investment Company I had invested approximately $93.7 million of equity in National Power Supply. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $ 60,858 Long-Term Loans $ 184,144 --------- Net Income (Loss) for the period ended 12/31/00 $ (16,319) ========= (e) As of December 31, 2000, CMS Generation Co. had an Operational and Maintenance personnel agreement with National Power Supply. In 2000, no fees were earned under this agreement. - 54 - 56 19. PANENERGY LAKE CHARLES GENERATION, INC. ("Panenergy Lake Charles Generation") (a) Pan Energy Lake Charles Generation, Inc. 5444 Westheimer Road Houston, Texas 77056 PanEnergy Lake Charles Generation, a Delaware company, is an EWG and is the owner of a 50% undivided interest in an electric generating facility with a nominal capacity of 21 MW (15 MW of which is available through the currently operable generator) located near Lake Charles, Louisiana. The facility is operated by Trunkline LNG Company. (b) Trunkline Field Services Company owns 100% of PanEnergy Lake Charles Generation. See Exhibit B. (c) As of December 31, 2000, Trunkline Field Services Company had invested approximately $4 million of equity in PanEnergy Lake Charles Generation. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $ 3,978 ------- Net Income (Loss) for the period ended 12/31/00 $ 93 ======= (e) N/A 20. PRIVATE POWER OPERATORS LIMITED ("Private Power") (a) Private Power Operators Limited 100 Windward Road Kingston 2, Jamaica, W.I. Private Power, a Jamaican company, is an EWG and is the operator of a 65 MW electric generating facility in Rockfort, Kingston, Jamaica. (b) HCO-Jamaica, Inc. owns 50% of Private Power. See Exhibit B. (c) As of December 31, 2000, HCO Jamaica, Inc. invested approximately $5,000 thousand of equity in Private Power. - 55 - 57 (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $ 10,000 -------- Net Income (Loss) for the period ended 12/31/00 $ 0 ======== (e) N/A. 21. TAKORADI INTERNATIONAL COMPANY (a) Takoradi International Company c/o Maples and Calder Ugland House P.O. Box 309, South Church Street George Town, Cayman Islands, British West Indies Takoradi International Company, a Cayman Islands company, is an EWG and is the owner of a 330 MW combined cycle thermal power plant under construction located at the Takoradi Power Plant Complex near Takoradi at Aboadze in the Western Region of the Republic of Ghana. (b) CMS Takoradi Investment Company II owns 90% of Takoradi International Company. See Exhibit B. (c) As of December 31, 2000, CMS Generation Investment Company I had invested approximately $109 million in Takoradi International Company. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $120,948 -------- Net Income (Loss) for the period ended 12/31/00 $ 11,295 ======== (e) As of December 31, 2000 there were two operating and management fee agreements; (i) between CMS Generation and Takoradi International Company and (ii) between CMS Generation and Volta River Authority. In 2000, total operating and management fees earned were $466,666. - 56 - 58 FOREIGN UTILITY COMPANIES 1. CMS GENERATION HORIZON ENERGY HOLDINGS LIMITED ("CMSG") (a) CMS Generation Horizon Energy Holdings Limited P.O. Box 309 Ugland House, South Church Street Grand Cayman, Cayman Islands, British West Indies CMSG, a Cayman Islands company, is a foreign utility company and is part-owner and operator of a 2,000 MW power station and associated lignite mine located at Loy Yang, Victoria, Australia. (b) CMS Generation Loy Yang Holdings II, a wholly owned subsidiary of CMS Generation Investment Company I, owns 100% of CMSG. See Exhibit B. (c) As of December 31, 2000, CMS Generation Investment Company I had invested approximately $106 million in CMS Generation Loy Yang Holdings 2 and advanced approximately $158 million to CMSG. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $(160,914) Cumulative Translation Adjustment $ (84,423) --------- Net Income (Loss) for the period ended 12/31/00 $(178,426) ========= (e) As of December 31, 2000, CMSG had an Industry Expertise Fee agreement with Loy Yang Power Partners. In 2000, the total fees earned from the agreement were $2,720,825. 2. CMS OPERATING S.A. (a) CMS Operating S.A. Edificio torre Catalinas Plaza Ing. Butty 220, 8th Floor Buenos Aires, Argentina CMS Operating S.A, an Argentina company, has ownership interest of 99% in and is the operator of Ensendada, an EWG. As of December 31, 2000, Centrales Termicas Mendoza S.A., located in Mendoza, Argentina, has a Contract of Operation and maintenance, a consulting contract, with CMS Operating S.A. Refer to EWG section item 1, part (e). - 57 - 59 (b) CMS Enterprises Company and CMS Generation Holdings Company, own 99% and 1%, respectively of CMS Operating S.A. (c) As of December 31, 2000, CMS Generation Co. had invested approximately $314 million of equity in CMS Operating S.A. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $ 35,785 Irrevocable Contributions $ 246,839 Retained Earnings $ 18,421 --------- Net Income (Loss) for the period ended 12/31/00 $ 13,262 ========= (e) N/A 3. COMPANHIA JAGUARI DE ENERGIA ("Jaguari") (a) Companhia Jaguari De Energia Rua Padre Garcia Velho 73-6(degree) andar - conj. 61 Pinheiros CEP 05421-030 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 22,000 customers. (b) Jaguari is 100% owned by Paulista. See CPEE below and Exhibit B. (c) As of December 31, 2000, Paulista has invested $29 million in Jaguari. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $28,758 ------- Net Income (Loss) for the period ended 12/31/00 $ 5,139 ======= (e) N/A - 58 - 60 4. COMPANHIA LUZ E FORCA DE MOCOCA ("Mococa") (a) Companhia Luz E Forda De Mococa Rua Padre Garcia Velho 73-5(degree) andar - conj. 51 Pinheiros CEP 05421-030 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, Brazil. Mococa is a non-traded utility company controlled by CPEE. Mococa serves approximately 32,000 customers. (b) Mococa is 100% owned by Jaguari. See CPEE below and Exhibit B. (c) As of December 31, 2000, Jaguari has invested $9 million in Mococa. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $9,092 ------ Net Income (Loss) for the period ended 12/31/00 $1,646 ====== (e) N/A 5. COMPANHIA PAULISTA DE ENERGIA ELECTRICA ("CPEE") (a) Companhia Paulista De Energia Electrica Rua Padre Garcia Velho 73-7(degree) andar - conj. 73 CEP 05421-030 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 146,000 customers. CPEE also owns a 7 percent interest in Investco S.A., which owns an 850 MW hydroelectric plant currently under construction. (b) CMS Participacoes Ltda. owns 81.22% of CPEE. See Exhibit B. (c) As of December 31, 2000, CMS Participacoes Ltda. has invested $92 million in CPEE. - 59 - 61 (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $48,733 ------- Net Income (Loss) for the period ended 12/31/00 $ 8,957 ======= (e) N/A 6. COMPANHIA SUL PAULISTA DE ENERGIA ("Paulista") (a) Companhia Sul Paulista De Energia 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 concession located in the State of Sao Paulo. Paulista is a non-traded utility company controlled by CPEE. Paulista serves approximately 52,000 customers. (b) Paulista is 87.27% owned by CPEE. See CPEE above and Exhibit B. (c) As of December 31, 2000, CPEE has invested $46 million in Paulista. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $51,588 ------- Net Income (Loss) for the period ended 12/31/00 $ 8,639 ======= (e) N/A 7. EMIRATES CMS POWER COMPANY (a) P.O. Box 47688 United Arab Emirates Al Mansoor Tower, 7th Floor, Suite 701 Abu Dhabi Emirates CMS Power Company, an U.A.E. Abu Dhabi Emirate, is a foreign utility company that owns a generation and desalination facility in Taweelah, Abu Dhabi. - 60 - 62 (b) CMS Generation Taweelah Limited owns 40% of Emirates CMS Power Company. See Exhibit B. (c) As of December 31, 2000, CMS Generation Taweelah Limited had invested $75 million in equity of Emirates CMS Power Company. (d) Capitalization at 12/31/00 (000s) Term Loan $ 0 Shareholder Loan $ 74,114 Retained Earnings $ 4,439 Shareholder's Equity $ 112,599 --------- Total Capitalization $ 191,153 ========= Net Income (Loss) for the period ended 12/31/00 $ 4,439 ========= (e) N/A 8. EMPRESA DISTRIBUIDORA DE ELECTRICIDAD DE ENTRE RIOS S.A. ("EDEER") (a) Empresa Distribuidora de Electricidad de Entre Rios S.A. 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 235,000 customers. (b) Inversora en Distribucion de Entre Rios S.A. owns 90% of the shares of EDEER. See Exhibit B. (c) As of December 31, 2000, CMS Electric and Gas had invested $34 million in EDEER. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $180,226 -------- Net Income (Loss) for the period ended 12/31/00 $ 2,547 ======== (e) As of December 31, 2000, EDEER had 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. In 2000, total fees earned from the contract were $1,442,193. - 61 - 63 9. HORIZON ENERGY HOLDINGS LTD. ("Horizon Energy") (a) Horizon Energy Holdings Limited P.O. Box 309 Ugland House, South Church Street Grand Cayman, Cayman Islands, British West Indies Horizon Energy, a Cayman Islands company, is a foreign utility company and is part-owner and operator of a 2,000 MW power station and associated lignite mine located at Loy Yang, Victoria, Australia. (b) CMS Generation Loy Yang Holdings I, a wholly owned subsidiary of CMS Generation Investment Company I, owns 100% of Horizon Energy. See Exhibit B. (c) As of December 31, 2000, CMS Generation Investment Company I had invested approximately $106.8 million in CMS Generation Loy Yang Holdings 1 and advanced approximately $157 million to Horizon Energy. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $ (157,934) Intercompany Note Payable $ 156,968 ---------- Net Income (Loss) for the period ended 12/31/00 $ (175,423) ========== (e) N/A. 10. SISTEMA ELECTRICO NUEVA ESPARTA C.A. ("SENECA") (a) Sistema Electrico Nueva Esparta C.A. San Lorenzo Pampatar, Nueva Esparta (6312) Venezuela SENECA, a Venezuelan company, is a foreign utility company and is the owner of 200 MW of diesel-fired power generation units located on Margarita Island, Venezuela. SENECA also owns and operates an electric distribution system located on Margarita Island, Venezuela, serving approximately 94,000 customers. (b) CMS Electric and Gas Company owns 60% of ENELMAR. CMS Generation Int'l Investment Company I owns 40% of ENELMAR. ENELMAR owns 70% of SENECA. See Exhibit B. (c) As of December 31, 2000, ENELMAR had invested $48 million in SENECA. - 62 - 64 (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $ 66,483 -------- Net Income (Loss) for the period ended 12/31/00 $(12,100) -------- (e) On November 25, 1998, CMS Venezuela entered into a Management, Supervision and Technical Assistance Agreement with SENECA, which became effective on January 1, 1999. In 2000, total fees earned from this agreement were $1,701,800. 11. TAWEELAH A2 OPERATING COMPANY ("Taweelah") (a) c/o CMS Generation Co. 330 Town Center Drive Suite 1000 Dearborn, Michigan 48126 Taweelah is a foreign utility company that operates a 370 MW generation and desalination facility in Taweelah, Abu Dhabi. (b) CMS Energy owns an interest in Taweelah through intervening subsidiaries CMS Enterprises Company and CMS Generation Co. (c) As of December 31, 2000, CMS Generation Company had invested approximately $446 thousand of equity in Taweelah. (d) Capitalization at 12/31/00 (000s) Shareholder's Equity $ 56 Retained Earnings $ 175 Shareholder's Equity $ 245 ----- Net Income (Loss)for the period ended 12/31/00 $ 158 ----- (e) As of December 31, 2000, there was an operating and management agreement between Taweelah and Emirate CMS Power Company of which total fees earned were $223,622. - 63 - 65 The above-named Claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 28th day of February, 2001. 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 - 64 - 66 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, 2000 (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 $ - $2,676 $ - $ - $2,676 Gas utility - 1,196 - - 1,196 Independent power production - 57 443 - 500 Oil and gas exploration and production - - 134 (3) 131 Natural gas transmission - - 946 (40) 906 Marketing, services and trading - - 3,432 (138) 3,294 International energy distribution - - 265 - 265 Other - 6 24 - 30 ------ ------ ------ ------ ------ Total operating revenue - 3,935 5,244 (181) 8,998 ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - 324 84 - 408 Purchased power - related parties - 534 21 - 555 Purchased and interchange power - 402 1,584 - 1,986 Cost of gas sold - 719 2,158 (176) 2,701 Other operation expense 8 526 876 (5) 1,405 Maintenance - 172 126 - 298 Depreciation, depletion and amortization 2 426 209 - 637 General taxes - 197 84 - 281 ------ ------ ------ ------ ------ Total operating expenses 10 3,300 5,142 (181) 8,271 ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (10) 635 102 - 727 ------ ------ ------ ------ ------ Other Income (Deductions) Dividends and interest from affiliates 89 10 4 (103) - Accretion income - 2 - - 2 Accretion expense (26) (7) - - (33) Gain on asset sales 12 - 72 - 84 Other, net 272 (5) 23 (281) 9 ------ ------ ------ ------ ------ Total other income (deductions) 347 - 99 (384) 62 ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt 322 141 128 - 591 Other interest 40 44 51 (87) 48 Capitalized interest (4) (2) (4) - (49) Preferred dividends - 2 5 (5) 2 Preferred securities distributions 59 34 - - 93 ------ ------ ------ ------ ------ Net fixed charges 417 219 141 (92) 685 ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes and Minority Interests (80) 416 60 (292) 104 Income Taxes (125) 148 37 - 60 Minority Interests - - 3 - 3 ------ ------ ------ ------ ------ Consolidated Net Income (Loss) before Accounting Change and Common Stock Dividends 45 268 20 (292) 41 Cumulative Effect of Accounting Change - - (5) - (5) ------ ------ ------ ------ ------
A-1 67 Consolidated Net Income (Loss) before Common Stock Dividends 45 268 15 (292) 36 Dividends on Common Stock 174 247 - (254) 167 ------ ------ ------ ------ ------ Consolidated Net Income (Loss) after Common Stock Dividends $ (129) $ 21 $ 15 $ (38) (131) ====== ====== ====== ====== ====== Average Number of CMS Energy Common Shares Outstanding 113,128 Basic Earnings Per CMS Energy Average Common Share $ .32 Diluted Earnings Per CMS Energy Average Common Share $ .32
(1) Represents CMS Energy Corporation with Consumers Energy Company and CMS Enterprises Company included on the equity method of accounting. A-2 68 CONSUMERS ENERGY COMPANY Consolidating Statement of Income For the Year Ended December 31, 2000 (In Millions)
Michigan CMS CMS Inter- Consumers Consumers Gas Engin- Midland CMS company Energy Energy Storage eering Holdings Midland Elimina- Company Company (2) Company Co. Company Inc. tions Consol. Operating Revenue Electric $2,676 $ - $ - $ - $ - $ - $2,676 Gas 1,191 24 - - - (19) 1,196 Other 5 - 2 13 44 (1) 63 ------ ------ ------ ------ ------ ------ ------ Total operating revenue 3,872 24 2 13 44 (20) 3,935 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation 324 - - - - - 324 Purchased power - related parties 534 - - - - - 534 Purchased and interchange power 402 - - - - - 402 Cost of gas sold 738 - - - - (19) 719 Other operation expense 517 8 2 - - (1) 526 Maintenance 170 2 - - - - 172 Depreciation, depletion and amortization 423 2 - - 1 - 426 General taxes 195 2 - - - - 197 ------ ------ ------ ------ ------ ------ ------ Total operating expenses 3,303 14 2 - 1 (20) 3,300 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income 569 10 - 13 43 - 635 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Dividends and interest from affiliates 48 - - - - (38) 10 Accretion income 2 - - - - - 2 Accretion expense (7) - - - - - (7) Other, net 39 - - - - (44) (5) ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 82 - - - - (82) - ------ ------ ------ ------ ------ ------ ------ Interest Charges Interest on long-term debt 141 - - - - - 141 Other interest 80 1 - - - (37) 44 Capitalized interest (2) - - - - - (2) ------ ------ ------ ------ ------ ------ ------ Net interest charges 219 1 - - - (37) 183 ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 432 9 - 13 43 (45) 452 Income Taxes 127 3 - 3 15 - 148 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) 305 6 - 10 28 (45) 304 Preferred Stock Dividends 2 - - - - - 2 Preferred Securities Distribution 34 - - - - - 34 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) Available to Common Stockholder 269 6 - 10 28 (45) 268 Dividends on Common Stock 248 - - - - (1) 247 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) After Common Dividends $ 21 $ 6 $ - $ 10 $ 28 $ (44) $ 21 ====== ====== ====== ====== ====== ====== ======
(2) Represents Consumers Energy Company, ES Services Company and Consumers EnergyGuard Services, Inc. consolidated with Michigan Gas Storage Company, CMS Midland Holdings Company, CMS Midland, Inc. and CMS Engineering Co. included on the equity method of accounting. A-3 69 CMS ENTERPRISES COMPANY Consolidating Statement of Income For the Year Ended December 31, 2000 (In Millions)
CMS CMS CMS Gas CMS Oil and Generation CMS CMS CMS Trans. Enterprises Gas Co. Co. Capital Land MS & T Co. Company (3) Consol. Consol. Corp. Company Company Consol. Operating Revenue Oil and gas exploration and production $ - $ 154 $ - $ - $ - $ - $ - Independent power production - - 321 - - - - Natural gas transmission - - - - - - 1,082 Marketing, services and trading - - - - - 3,470 - International energy dist. - - - - - - - Other 4 - - 18 1 - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 4 154 321 18 1 3,470 1,082 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - 46 - - - - Purchased power - related parties - - - - - 21 - Purchased and interchange power - - - - - 1,457 - Cost of gas sold - - - - - 1,865 478 Other operation expense 16 78 446 3 1 106 155 Maintenance - 3 7 - - - 105 Depreciation, depletion and amortization 2 37 25 - - 5 90 General taxes 2 5 5 - - 2 28 ------ ------ ------ ------ ------ ------ ------ Total operating expenses 20 123 529 3 1 3,456 856 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (16) 31 (208) 15 - 14 226 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Dividends and interest from affiliates 5 1 2 34 - - 11 Gain on asset sales - 38 42 - - - - Other, net 38 - 2 1 - - 5 ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 43 39 46 35 - - 16 ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - 9 26 1 - - 85 Other interest 2 6 26 41 - 4 11 Capitalized interest (2) - (36) - - - (4) Preferred dividends 5 - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges 5 15 16 42 - 4 92 ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes and Minority Interests 22 55 (178) 8 - 10 150 Income Taxes 5 (1) (40) 3 - 4 56 Minority Interests - - 1 - - - - ------ ------ ------ ------ ------ ------ ----- Net Income (Loss) Before Accounting Change 17 56 (139) 5 - 6 94 Cumulative Effect of Accounting Change - (5) - - - - - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 17 $ 51 $ (139) $ 5 $ - $ 6 $ 94 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-4 70 CMS ENTERPRISES COMPANY Consolidating Statement of Income For the Year Ended December 31, 2000 (In Millions) (Continued from Previous Page)
CMS CMS CMS Inter- CMS Electric Oper. Dist. company Enterprises & Gas S.A. Power Elimina- Company Company Consol. LLC tions Consol. Operating Revenue Oil and gas exploration and production $ - $ - $ - $ (20) $ 134 Independent power production - 138 - (16) 443 Natural gas transmission - - - (136) 946 Marketing, services and trading - - - (38) 3,432 International energy dist. 265 - - - 265 Other - - 6 (5) 24 ------ ------ ------ ------ ------ Total operating revenue 265 138 6 (215) 5,244 ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - 62 - (24) 84 Purchased power - related parties - - - - 21 Purchased and interchange power 101 26 - - 1,584 Cost of gas sold - - - (185) 2,158 Other operation expense 64 13 3 (9) 876 Maintenance 4 7 - - 126 Depreciation, depletion and amortization 32 17 1 - 209 General taxes 42 - - - 84 ------ ------ ------ ------ ------ Total operating expenses 243 125 4 (218) 5,142 ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 22 13 2 3 102 ------ ------ ------ ------ ------ Other Income (Deductions) Dividends and interest from affiliates - - - (49) 4 Gain on asset sales (8) - - - 72 Other, net 10 2 - (35) 23 ------ ------ ------ ------ ------ Total other income (deductions) 2 2 - (84) 99 ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt 1 6 - - 128 Other interest 10 - - (49) 51 Capitalized interest (1) - - - (4) Preferred dividends - - - - 5 ------ ------ ------ ------ ------ Net fixed charges 10 6 - (49) 141 ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes and Minority Interests 14 9 2 (3) 60 Income Taxes 7 2 1 - 37 Minority Interests (2) 1 - 3 3 ------ ------ ------ ------ ------ Net Income (Loss) Before Accounting Change 9 6 1 (35) 20 Cumulative Effect of Accounting Change - - - - (5) ------ ------ ------ ------ ------ Net Income (Loss) $ 9 $ 6 $ 1 $ (35) $ 15 ====== ====== ====== ====== ======
A-5 71 (3) Represents CMS Enterprises Company, 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 Operating S.A., CMS Distributed Power LLC, CMS Marketing, Services and Trading Company, CMS Gas Transmission Company, CMS Electric and Gas Company and CMS Capital Corporation included on the equity method of accounting. A-6 72 CMS OIL AND GAS COMPANY Consolidating Statement of Income For the Year Ended December 31, 2000 (In Millions)
CMS CMS CMS CMS CMS O&G Oil & Gas Terra Oil & Gas CMS O & G 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 $ (4) $ 5 $ 47 $ 4 $ 17 $ 33 $ 6 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue (4) 5 47 4 17 33 6 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Other operation expense 37 1 15 1 4 6 2 Maintenance 1 - 2 - - - - Depreciation, depletion and amortization 12 1 9 1 2 8 1 General taxes 5 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating expenses 55 2 26 2 6 14 3 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (59) 3 21 2 11 19 3 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates 1 - - - - - - Gain (loss) on asset sales (1) - - - - - - Other, net 102 1 (1) - - (1) - ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 102 1 (1) - - (1) - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt 8 1 - - - - - Other interest 6 - - - - - - Capitalized interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges 14 1 - - - - - ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 29 3 20 2 11 18 3 Income Taxes (26) - 7 - 4 6 - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) Before Accounting Change 55 3 13 2 7 12 3 Cumulative Effect of Accounting Change (5) - - - - - - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 50 $ 3 $ 13 $ 2 $ 7 $ 12 $ 3 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-7 73 CMS OIL AND GAS COMPANY Consolidating Statement of Income For the Year Ended December 31, 2000 (In Millions) (Continued from Previous Page)
CMS Explota- CMS CMS Inter- CMS Oil & Gas ciones CMS Oil & Gas Oil & Gas company Oil and Gas E.G. Oil & Gas E.G. Int'l Elimina- Company LDC Co. Ltd. Ltd. tions Consol. Operating Revenue Oil and gas exploration and production $ 2 $ 12 $ 32 $ - $ - $ 154 Other - - - - - - ------ ------ ------ ------ ------ ------ Total operating revenue 2 12 32 - - 154 ------ ------ ------ ------ ------ ------ Operating Expenses Other operation expense 1 4 7 - - 78 Maintenance - - - - - 3 Depreciation, depletion and amortization - 2 1 - - 37 General taxes - - - - - 5 ------ ------ ------ ------ ------ ------ Total operating expenses 1 6 8 - - 123 ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 1 6 24 - - 31 ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - 1 (1) 1 Gain (loss) on asset sales - - - 39 - 38 Other, net - - - - (101) - ------ ------ ------ ------ ------ ------ Total other income (deductions) - - - 40 (102) 39 ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - - 9 Other interest - - - 1 (1) 6 Capitalized interest - - - - - - ------ ------ ------ ------ ------ ------ Net fixed charges - - - 1 (1) 15 ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 1 6 24 39 (101) 55 Income Taxes - 2 6 - - (1) ------ ------ ------ ------ ------ ------ Net Income (Loss) Before Accounting Change 1 4 18 39 (101) 56 Cumulative Effect of Accounting Change - - - - - (5) ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 1 $ 4 $ 18 $ 39 $ (101) $ 51 ====== ====== ====== ====== ====== ======
(4) Represents CMS Oil and Gas Company and CMS Oil and Gas Pipeline Company consolidated with CMS Oil and Gas International Company included on the equity method of accounting. A-8 74 CMS OIL AND GAS INTERNATIONAL COMPANY Consolidating Statement of Income For the Year Ended December 31, 2000 (In Millions)
CMS CMS NOMECO CMS Oil & Inter- CMS Oil & Oil and Gas Int'l Gas Int'l. Company Gas Inter., International Congo Hld., Tunisia, Elimina- Inc. Co. (5) Inc. Inc. tions Consol. Operating Revenue Oil and gas exploration and production $ - $ 30 $ 17 $ - $ 47 Other - - - - - ------ ------ ------ ------ ------ Total operating revenue - 30 17 - 47 ------ ------ ------ ------ ------ Operating Expenses Other operation expense 1 11 3 - 15 Maintenance - 2 - - 2 Depreciation, depletion and amortization - 7 2 - 9 General taxes - - - - - ------ ------ ------ ------ ------ Total operating expenses 1 20 5 - 26 ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (1) 10 12 - 21 ------ ------ ------ ------ ------ Other Income (Deductions) 13 (1) - (13) (1) ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - - Other interest - - - - - ------ ------ ------ ------ ------ Net fixed charges - - - - - ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 12 9 12 (13) 20 Income Taxes - 3 4 - 7 ------ ------ ------ ------ ------ Net Income (Loss) $ 12 $ 6 $ 8 $ (13) $ 13 ====== ====== ====== ====== ======
(5) Represents CMS Oil and Gas International Company and CMS Oil and Gas Cameroon Ltd. consolidated. A-9 75 CMS GENERATION COMPANY Consolidating Statement of Income For the Year Ended December 31, 2000 (In Millions)
CMSG HYDRA-CO CMSG CMS CMSG Filer Enter- Grayling CMSG Oxford Generation Altoona City prises, Holdings Operating CMS Co. (6) Company Inc. Consol. Company Company Dev. LP Operating Revenue Independent power production $ 35 $ - $ 4 $ 35 $ 1 $ 1 $ 1 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 35 - 4 35 1 1 1 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - - 5 - - - Purchased and interchange power - - - - - - - Other operation expense 52 - - 3 - - - Maintenance - - - 3 - - - Depreciation, depletion and amortization 4 - - 3 2 - - General taxes 1 - - 1 - - - ------ ------ ------ ------ ------ ------ ------ Total operating expenses 57 - - 15 2 - - ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (22) - 4 20 (1) 1 1 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - 2 - 1 - - - Gain on asset sales - - - 42 - - - Other, net (224) - - 1 - - - ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) (224) 2 - 44 - - - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - 7 - - - Other interest 11 - - - - - - Capitalized interest (22) - - - - - - ------ ------ ------ ------ ------ ------ ------ Fixed charges (11) - - 7 - - - ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes and Minority Interests (235) 2 4 57 (1) 1 1 Income Taxes (96) 1 1 23 (1) - - Minority Interests - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ (139) $ 1 $ 3 $ 34 $ - $ 1 $ 1 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-10 76 CMS GENERATION COMPANY Consolidating Statement of Income For the Year Ended December 31, 2000 (In Millions) (Continued from Previous Page)
Mid- CMSG CMS CMSG CMSG CMS CMSG Michigan Inv. Co. Int'l. Michigan Holdings Generation Inv Co. Recycling I Operating Power Company S.A. III L.L.C. Consol. Co. LLC Operating Revenue Independent power production $ - $ (3) $ 1 $ 5 $ 176 $ 4 $ 14 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue - (3) 1 5 176 4 14 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - - 1 39 - - Purchased and interchange power - - - - - - - Other operation expense - (2) - 3 347 1 2 Maintenance - - - - 2 - 1 Depreciation, depletion and amortization - - - 1 11 - 2 General taxes - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ Total operating expenses - (2) - 5 399 1 6 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) - (1) 1 - (223) 3 8 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates 1 - - - - - - Gain on asset sales - - - - - - - Other, net - - - - 1 - - ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 1 - - - 1 - - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - 19 - - Other interest - - - - 3 - - Capitalized interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges - - - - 22 - - ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes and Minority Interests 1 (1) 1 - (244) 3 8 Income Taxes 1 - - - 30 1 - Minority Interests - - - - 1 - - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ - $ (1) $ 1 $ - $ (275) $ 2 $ 8 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-11 77 CMS GENERATION COMPANY Consolidating Statement of Income For the Year Ended December 31, 2000 (In Millions) (Continued from Previous Page)
Dearborn Dearborn Inter- CMS Indust. Generation company Generation Generation Operating Elimina- Company LLC LLC tions Consol. Operating Revenue Independent power production $ 45 $ 5 $ (3) $ 321 Other - - - - ------ ------ ------ ------ Total operating revenue 45 5 (3) 321 ------ ------ ------ ------ Operating Expenses Fuel for electric generation - 1 - 46 Purchased and interchange power - - - - Other operation expense 40 3 (3) 446 Maintenance 1 - - 7 Depreciation, depletion and amortization 2 - - 25 General taxes 2 - - 5 ------ ------ ------ ------ Total operating expenses 45 4 (3) 529 ------ ------ ------ ------ Pretax Operating Income (Loss) - 1 - (208) ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - (2) 2 Gain on asset sales - - - 42 Other, net - - 224 2 ------ ------ ------ ------ - - 222 46 ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - 26 Other interest 14 - (2) 26 Capitalized Interest (14) - - (3) ------ ------ ------ ------ Net fixed charges - - (2) 16 ------ ------ ------ ------ Income (Loss) Before Income Taxes and Minority Interests - 1 224 (178) Income Taxes - - - (40) Minority Interests - - - 1 ------ ------ ------ ------ Net Income (Loss) $ - $ 1 $ 224 $ (139) ====== ====== ====== ======
(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 Honey Lake Company, CMS Centrales Termicas S.A., Taweelah A2 Operating Company and CMSG Montreal Company consolidated with HYDRA-CO Enterprises, Inc. and CMSG Investment Company I included on the equity method of accounting. A-12 78 HYDRA-CO ENTERPRISES, INC. Consolidating Statement of Income For the Year Ended December 31, 2000 (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 $ 3 $ 1 $ 3 $ 4 $ 24 $ - $ 35 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 3 1 3 4 24 - 35 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - - - - 5 - 5 Other operation expense - - - - 3 - 3 Maintenance 1 - - - 2 - 3 Depreciation, depletion and amortization - - - - 3 - 3 General taxes - - - - 1 - 1 ------ ------ ------ ------ ------ ------ ------ Total operating expenses 1 - - - 14 - 15 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income 2 1 3 4 10 - 20 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates 1 - - - - - 1 Gain on asset sales 41 - 1 - - - 42 Other, net 6 - - - - (5) 1 ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 48 - 1 - - (5) 44 ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - 7 - 7 Other interest - - - - - - - Capitalized interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges - - - - 7 - 7 ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 50 1 4 4 3 (5) 57 Income Taxes 20 - 1 2 - - 23 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 30 $ 1 $ 3 $ 2 $ 3 $ (5) $ 34 ====== ====== ====== ====== ====== ====== ======
(7) Represents HYDRA-CO Enterprises, Inc., CMSG Stratton Company, HCE-Appomattox, Inc., HCE-Jamaica Development, Inc., HCE-Lakewood, Inc., HCO-Jamaica, Inc., HCE-Imperial Valley, Inc. and New Bern Energy Recovery, Inc. consolidated. A-13 79 CMS GENERATION INVESTMENT COMPANY I Consolidating Statement of Income For the Year Ended December 31, 2000 (In Millions)
CMSG CMSG CMSG CMSG CMSG Jeguru- CMSG CMSG Loy Yang Loy Yang Jorf Inv. Co. padu Taweelah Cebu Holdings Holdings Lasfar I (8) I/II LDC LDC LDC 1 Ltd. 2 Ltd. I/II LDC Operating Revenue Independent power production $ 68 $ 1 $ (1) $ 2 $ (2) $ 1 $ 2 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 68 1 (1) 2 (2) 1 2 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation 26 - - - - - - Other operation expense 8 - 2 - 161 166 - Maintenance - - - - - - - Depreciation, depletion and amortization 10 1 - - - - - General taxes - - - - - - - ------ ------ ------ ------ ------ ------ ----- Total operating expenses 44 1 2 - 161 166 - ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 24 - (3) 2 (163) (165) 2 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - - - - - Other, net (274) - - - - - - ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) (274) - - - - - - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt 19 - - - - - - Other interest 3 - - - - - - Capitalized interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges 22 - - - - - - ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes and Minority Interests (272) - (3) 2 (163) (165) 2 Income Taxes - - - - 12 13 - Minority Interests - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ (272) $ - $ (3) $ 2 $ (175) $ (178) $ 2 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-14 80 CMS GENERATION INVESTMENT COMPANY I Consolidating Statement of Income For the Year Ended December 31, 2000 (In Millions) (Continued from Previous Page)
CMS Jorf Jorf Jorf Inter- CMSG Takoradi Lasfar Lasfar Lasfar company Investment Invest. Monetize Handels- Energia- PE Elimina- Co. I Co. Limited bolag HB ktiebolag Aktie. tions Consol. Operating Revenue Independent power production $ 41 $ 6 $ 2 $ 29 $ 27 $ - $ 176 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 41 6 2 29 27 - 176 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation 13 - - - - - 39 Other operation expense 10 - - - - - 347 Maintenance 2 - - - - - 2 Depreciation, depletion and amortization - - - - - - 11 General taxes - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating expenses 25 - - - - - 399 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 16 6 2 29 27 - (223) ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - - - - - Other, net - - - - - 275 1 ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) - - - - - 275 1 ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - - - 19 Other interest - - - - - - 3 Capitalized Interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges - - - - - - 22 ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes and Minority Interests 16 6 2 29 27 275 (24) Income Taxes 5 - - - - - 30 Minority Interests 1 - - - - - 1 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 10 $ 6 $ 2 $ 29 $ 27 $ 275 $ (275) ====== ====== ====== ====== ====== ====== ======
(8) Represents CMSG Investment Company I, CMSG Investment Company II, CMSG Investment Company IV and CMSG Pinamucan LDC consolidated. A-15 81 CMS GAS TRANSMISSION COMPANY Consolidating Statement of Income For the Year Ended December 31, 2000 (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 $ 9 $ 12 $ 17 $ 12 $ 2 $ 483 $ 5 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 9 12 17 12 2 483 5 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Cost of gas sold - - - - - - - Other operation expense 9 2 10 - - 113 - Maintenance 1 - 1 - - 98 - Depreciation, depletion and amortization 1 3 1 1 - 65 2 General taxes 1 1 1 - - 23 1 ------ ------ ------ ------ ------ ------ ------ Total operating expenses 12 6 13 1 - 299 3 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (3) 6 4 11 2 184 2 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates 2 - - - - 8 - Other, net 96 - - - - - 1 ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 98 - - - - 8 1 ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - 2 - - 1 82 - Other interest 2 - - - - 3 - Capitalized interest (4) - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges (2) 2 - - 1 85 - ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 97 4 4 11 1 107 3 Income Taxes 3 1 2 - - 43 1 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 94 $ 3 $ 2 $ 11 $ 1 $ 64 $ 2 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-16 82 CMS GAS TRANSMISSION COMPANY Consolidating Statement of Income For the Year Ended December 31, 2000 (In Millions) (Continued from Previous Page)
CMS Golds- Western CMS Gas CMS Grand Inter- CMS Gas field GT Australia Trans. of Field Lacs Company Transmission Aust. Pty. Gas Tran Australia Services, Limited Elimina- Company Ltd. Co. I Hold Co. Inc. Consol. Part. tions Consol. Operating Revenue Natural gas transmission $ 4 $ 3 $ 9 $ 524 $ 2 $ - $1,082 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 4 3 9 524 2 - 1,082 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Cost of gas sold - - 3 475 - - 478 Other operation expense - - 3 17 1 - 155 Maintenance - - - 5 - - 105 Depreciation, depletion and amortization - - 2 15 - - 90 General taxes - - - 1 - - 28 ------ ------ ------ ------ ------ ------ ------ Total operating expenses - - 8 513 1 - 856 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 4 3 1 11 1 - 226 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - 1 - - 11 Other, net - - 1 2 - (95) 5 ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) - - 1 3 - (95) 16 ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - - - 85 Other interest - 1 - 5 - - 11 Capitalized interest - - - - - - (4) ------ ------ ------ ------ ------ ------ ------ Net fixed charges - 1 - 5 - - 92 ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 4 2 2 9 1 (95) 150 Income Taxes - 2 - 4 - - 56 ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 4 $ - $ 2 $ 5 $ 1 $ (95) $ 94 ====== ====== ====== ====== ====== ====== ======
(9) Represents CMS Gas Transmission Company, CMS Saginaw Bay Company, CMS Saginaw Bay Lateral Company, CMS Gas Transmission del Sur Company and Tristate Pipeline LLC consolidated with CMS Field Services, Inc. and Panhandle Eastern Pipe Line Company included on the equity method of accounting. A-17 83 PANHANDLE EASTERN PIPE LINE COMPANY Consolidating Statement of Income For the Year Ended December 31, 2000 (In Millions)
Panhandle Inter- Panhandle Eastern Pipe Trunkline Trunkline Pan Gas Company Eastern Pipe Line Gas LNG Storage Elimina- Line Co. Company (10) Company Company Company tions Consol. Operating Revenue Natural gas transmission $ 332 $ 164 $ 40 $ 43 $ (96) $ 483 Other - - - - - - ------ ------ ------ ------ ------ ------ Total operating revenue 332 164 40 43 (96) 483 ------ ------ ------ ------ ------ ------ Operating Expenses Cost of gas sold - - - - - - Other operation expense 104 39 10 3 (43) 113 Maintenance 49 42 5 2 - 98 Depreciation, depletion and amortization 36 21 - 8 - 65 General taxes 13 7 1 2 - 23 ------ ------ ------ ------ ------ ------ Total operating expenses 202 109 16 15 (43) 299 ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) 130 55 24 28 (53) 184 ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates 25 - - - (17) 8 Other, net - - - - - - ------ ------ ------ ------ ------ ------ Total other income (deductions) 25 - - - (17) 8 ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt 82 - - - - 82 Other interest 1 19 - - (17) 3 Capitalized interest - - - - - - ------ ------ ------ ------ ------ ------ Net fixed charges 83 19 - - (17) 85 ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes 72 36 24 28 (53) 107 Income Taxes 8 14 10 11 - 43 ------ ------ ------ ------ ------ ------ Net Income (Loss) $ 64 $ 22 $ 14 $ 17 $ (53) $ 64 ====== ====== ====== ====== ====== ======
(10) Represents Panhandle Eastern Pipe Line Company, Sea Robin Pipeline Company, CMS Panhandle Eastern Resources, Inc., CMS Panhandle Storage Company, Trunkline Field Services Company and CMS Trunkline Pipeline Holdings, Inc. consolidated. A-18 84 CMS FIELD SERVICES, INC. Consolidating Statement of Income For the Year Ended December 31, 2000 (In Millions)
CMS CMS/Taurus CMS CMS Cherokee Field Holdings CMS 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 $ 295 $ 32 $ 116 $ 5 $ 7 $ 41 $ 3 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating revenue 295 32 116 5 7 41 3 ------ ------ ------ ------ ------ ------ ------ Operating Expenses Cost of gas sold 288 20 111 4 - 30 - Other operation expense 6 3 2 - 2 2 1 Maintenance 1 1 1 - 2 - - Depreciation, depletion and amortization 1 2 3 - 4 3 1 General taxes - 1 - - - - - ------ ------ ------ ------ ------ ------ ------ Total operating expenses 296 27 117 4 8 35 2 ------ ------ ------ ------ ------ ------ ------ Pretax Operating Income (Loss) (1) 5 (1) 1 (1) 6 1 ------ ------ ------ ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates 1 - - - - - - Other, net 2 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total other income (deductions) 3 - - - - - - ------ ------ ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - - - - Other interest 5 - - - - - - Capitalized interest - - - - - - - ------ ------ ------ ------ ------ ------ ------ Net fixed charges 5 - - - - - - ------ ------ ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes (3) 5 (1) 1 (1) 6 1 Income Taxes 4 - - - - - - ------ ------ ------ ------ ------ ------ ------ Net Income (Loss) $ (7) $ 5 $ (1) $ 1 $ (1) $ 6 $ 1 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-19 85 CMS FIELD SERVICES, INC. Consolidating Statement of Income For the Year Ended December 31, 2000 (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 $ 20 $ 5 $ - $ 524 Other - - - - ------ ------ ------ ------ Total operating revenue 20 5 - 524 ------ ------ ------ ------ Operating Expenses Cost of gas sold 17 5 - 475 Other operation expense 1 - - 17 Maintenance - - - 5 Depreciation, depletion and amortization 1 - - 15 General taxes - - - 1 ------ ------ ------ ------ Total operating expenses 19 5 - 513 ------ ------ ------ ------ Pretax Operating Income (Loss) 1 - - 11 ------ ------ ------ ------ Other Income (Deductions) Interest from affiliates - - - 1 Other, net - - - 2 ------ ------ ------ ------ Total other income (deductions) - - - 3 ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - - - Other interest - - - 5 Capitalized interest - - - - ------ ------ ------ ------ Net fixed charges - - - 5 ------ ------ ------ ------ Income (Loss) Before Income Taxes 1 - - 9 Income Taxes - - - 4 ------ ------ ------ ------ Net Income (Loss) $ 1 $ - $ - $ 5 ====== ====== ====== ======
(11) Represents CMS Field Services, Inc., CMS Spearman Gas Processing LLC, CMS Oklahoma Natural Gas Gathering LLC and CMS Hydrocarbons LLC consolidated. A-20 86 CMS OPERATING S.A. Consolidating Statement of Income For the Year Ended December 31, 2000 (In Millions)
Centrales Inter- CMS CMS Termicas CMS company Operating Operating Mendoza Ensenada Elimina- S.A. S.A. (12) S.A. S.A. tions Consol. Operating Revenue Independent power production $ 2 $ 91 $ 45 $ - $ 138 Other - - - - - ------ ------ ------ ------ ------ Total operating revenue 2 91 45 - 138 ------ ------ ------ ------ ------ Operating Expenses Fuel for electric generation - 38 24 - 62 Purchased and interchange power - 23 3 - 26 Other operation expense 1 8 4 - 13 Maintenance - 5 2 - 7 Depreciation, depletion and amortization 2 11 4 - 17 General taxes - - - - - ------ ------ ------ ------ ------ Total operating expenses 3 85 37 - 125 ------ ------ ------ ------ ------ Pretax Operating Income (1) 6 8 - 13 ------ ------ ------ ------ ------ Other Income (Deductions) 11 3 - (12) 2 ------ ------ ------ ------ ------ Fixed Charges Interest on long-term debt - - 6 - 6 Other interest - - - - - Capitalized Interest - - - - - ------ ------ ------ ------ ------ Net fixed charges - - 6 - 6 ------ ------ ------ ------ ------ Income (Loss) Before Income Taxes and Minority Interests 10 9 2 (12) 9 Income Taxes 5 (4) 1 - 2 Minority Interests - 1 - - 1 ------ ------ ------ ------ ------ Net Income (Loss) $ 5 $ 12 $ 1 $ (12) $ 6 ====== ====== ====== ====== ======
(12) Represents CMS Operating S.A. and Cuyana S.A. de Inversiones consolidated. A-21 87 CMS ENERGY CORPORATION Consolidating Balance Sheet - Assets December 31, 2000 (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 $ - $7,241 $ - $ - $ 7,241 Gas - 2,503 - - 2,503 Natural gas transmission - - 2,191 - 2,191 Oil and gas properties - - 630 - 630 Independent power production - - 398 - 398 International energy dist. - - 258 - 258 Other 26 23 56 - 105 ------ ------ ------ ------- ------- 26 9,767 3,533 - 13,326 Less accumulated depreciation, depletion and amortization 9 5,768 475 - 6,252 ------ ------ ------ ------- ------- 17 3,999 3,058 - 7,074 Construction work-in-progress 6 279 476 - 761 ------ ------ ------ ------- ------- 23 4,278 3,534 - 7,835 ------ ------ ------ ------- ------- Investments Associated companies 7,128 86 63 (7,277) - Independent power production - - 924 - 924 Natural gas transmission - - 436 - 436 International energy dist. - - 63 - 63 First Midland Limited Partnership - 245 - - 245 Midland Cogeneration Venture - 290 - - 290 Other (1) - 59 - 58 ------ ------ ------ ------- ------- 7,127 621 1,545 (7,277) 2,016 ------ ------ ------ ------- ------- Current Assets Cash and temporary cash investments 8 21 153 - 182 Accounts/notes receivable 113 70 1,312 (321) 1,174 Accrued revenues - 266 - - 266 Inventories to average cost Gas in underground storage - 271 26 - 297 Materials and supplies - 66 58 - 124 Generating plant fuel stock - 46 - - 46 Deferred income taxes 9 2 28 - 39 Prepayments and other 7 168 146 - 321 ------ ------ ------ ------- ------- 137 910 1,723 (321) 2,449 ------ ------ ------ ------- ------- Non-current Assets Goodwill, net - - 891 - 891 Securitization costs - 709 - - 709 Nuclear decommissioning trust funds - 611 - - 611 Notes receivable-related parties - - 155 - 155 Postretirement benefits 3 232 5 - 240 Abandoned Midland project - 22 - - 22 Other 1,172 390 740 (1,379) 923 ------ ------ ------ ------- ------- 1,175 1,964 1,791 (1,379) 3,551 ------ ------ ------ ------- ------- Total Assets $8,462 $7,773 $8,593 $(8,977) $15,851 ====== ====== ====== ======= =======
(1) Represents CMS Energy Corporation with Consumers Energy Company and CMS Enterprises Company included on the equity method of accounting. A-22 88 CMS ENERGY CORPORATION Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (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 3,150 646 5,595 (6,455) 2,936 Currency translation (254) - (240) 240 (254) Revaluation capital (2) 33 16 (49) (2) Retained earnings (320) 506 (485) (21) (320) ------ ------ ------ ------- ------- 2,575 2,026 4,886 (7,126) 2,361 Preferred stock 125 44 - (125) 44 Company-obligated mandatorily redeemable preferred securities of: Consumers Power Company Financing I - 100 - - 100 Consumers Energy Company Financing II - 120 - - 120 Consumers Energy Company Financing III - 175 - - 175 Company-obligated convertible Trust Preferred Securities of CMS Energy Trust I 173 - - - 173 CMS Energy Trust II 301 - - - 301 CMS Energy Trust III 220 - - - 220 Long-term debt 4,342 2,110 1,640 (1,322) 6,770 Non-current capital leases - 49 5 - 54 ------ ------ ------ ------- ------- 7,736 4,624 6,531 (8,573) 10,318 ------ ------ ------ ------- ------- Minority Interests - - 88 - 88 ------ ------ ------ ------- ------- Current Liabilities Current portion of long-term debt 458 175 16 - 649 Current capital leases - 56 2 - 58 Notes payable 34 403 41 (75) 403 Accounts payable 6 254 793 (29) 1,024 Accounts payable - related parties 1 67 128 (126) 70 Accrued interest 99 41 41 (22) 159 Accrued taxes 80 247 26 (44) 309 Other 19 212 301 (2) 530 ------ ------ ------ ------- ------- 697 1,455 1,348 (298) 3,202 ------ ------ ------ ------- ------- Non-current Liabilities Deferred income taxes - 716 117 (84) 749 Postretirement benefits 21 366 50 - 437 Deferred investment tax credit - 109 1 - 110 Regulatory liabilities for income taxes, net - 246 - - 246 Other 8 257 458 (22) 701 ------ ------ ------ ------- ------- 29 1,694 626 (106) 2,243 ------ ------ ------ ------- ------- Total Stockholders' Equity and Liabilities $8,462 $7,773 $8,593 $(8,977) $15,851 ====== ====== ====== ======= =======
(1) Represents CMS Energy Corporation and Consumers Energy Company and CMS Enterprises Company included on the equity method of accounting. A-23 89 CONSUMERS ENERGY COMPANY Consolidating Balance Sheet - Assets December 31, 2000 (In Millions)
Michigan CMS Inter- Consumers Consumers Gas ES Midland CMS company Energy Energy Storage Services Holdings Midland Elimina- Company Company (2) Company Company Company Inc. tions Consol. Plant and Property (At Cost) Electric $7,241 $ - $ - $ - $ - $ - $7,241 Gas 2,385 118 - - - - 2,503 Other 23 - - - - - 23 ------ ------ ------ ------ ------ ------ ------ 9,649 118 - - - - 9,767 Less accumulated depreciation, depletion and amortization 5,711 57 - - - - 5,768 ------ ------ ------ ------ ------ ------ ------ 3,938 61 - - - - 3,999 Construction work-in-progress 277 2 - - - - 279 ------ ------ ------ ------ ------ ------ ------ 4,215 63 - - - - 4,278 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 516 - - - - (430) 86 First Midland Limited Partnership - - - 245 - - 245 Midland Cogeneration Venture - - - - 290 - 290 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 516 - - 245 290 (430) 621 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 20 - 1 - - - 21 Accounts/notes receivable 75 3 - - 10 (18) 70 Accrued revenues 266 - - - - - 266 Inventories to average cost Gas in underground storage 271 - - - - - 271 Materials and supplies 66 - - - - - 66 Generating plant fuel stock 46 - - - - - 46 Deferred income taxes (16) - - 18 - - 2 Prepayments and other 168 - - - - - 168 ------ ------ ------ ------ ------ ------ ------ 896 3 1 18 10 (18) 910 ------ ------ ------ ------ ------ ------- ------ Non-current Assets Securitization costs 709 - - - - - 709 Nuclear decommissioning trust funds 611 - - - - - 611 Postretirement benefits 228 4 - - - - 232 Abandoned Midland project 22 - - - - - 22 Other 796 1 - - - (407) 390 ------ ------ ------ ------ ------ ------ ------ 2,366 5 - - - (407) 1,964 ------ ------ ------ ------ ------ ------ ------ Total Assets $7,993 $ 71 $ 1 $ 263 $ 300 $ (855) $7,773 ====== ====== ====== ====== ====== ====== ======
(2) Represents Consumers Energy Company, CMS Engineering 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. A-24 90 CONSUMERS ENERGY COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions)
Michigan CMS Inter- Consumers Consumers Gas ES Midland CMS company Energy Energy Storage Services Holdings Midland Elimina- Company Company (2) Company Company Company Inc. tions Consol. Capitalization Common Stockholders' Equity Common stock $ 841 $ 15 $ - $ - $ - $ (15) $ 841 Other paid-in-capital 658 - 1 43 167 (223) 646 Revaluation capital 33 - - - - - 33 Retained earnings 506 36 - 32 124 (192) 506 ------ ------ ------ ------ ------ ------ ------ 2,038 51 1 75 291 (430) 2,026 Preferred stock 44 - - - - - 44 Company-obligated mandatorily redeemable preferred securities of: Consumers Power Company Financing I 100 - - - - - 100 Consumers Energy Company Financing II 120 - - - - - 120 Consumers Energy Company Financing III 175 - - - - - 175 Long-term debt 2,517 - - - - (407) 2,110 Non-current capital leases 49 - - - - - 49 ------ ------ ------ ------ ------ ------ ------ 5,043 51 1 75 291 (837) 4,624 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt 175 - - - - - 175 Current capital leases 56 - - - - - 56 Notes payable 413 5 - - - (15) 403 Accounts payable 250 4 - - - - 254 Accounts payable - related parties 69 1 - - - (3) 67 Accrued interest 41 - - - - - 41 Accrued taxes 236 - - 12 (1) - 247 Other 212 - - - - - 212 ------ ------ ------ ------ ------ ------ ------ 1,452 10 - 12 (1) (18) 1,455 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Deferred income taxes 542 6 - 159 9 - 716 Postretirement benefits 362 4 - - - - 366 Deferred investment tax credit 91 - - 17 1 - 109 Regulatory liabilities for income taxes, net 246 - - - - - 246 Other 257 - - - - - 257 ------ ------ ------ ------ ------ ------ ------ 1,498 10 - 176 10 - 1,694 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $7,993 $ 71 $ 1 $ 263 $ 300 $ (855) $7,773 ====== ====== ====== ====== ====== ====== ======
(2) Represents Consumers Energy Company, CMS Engineering 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. A-25 91 CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Assets December 31, 2000 (In Millions)
CMS CMS CMS CMS Gas CMS Oil and Generation Resource CMS CMS Trans. 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 $ - $ 630 $ - $ - $ - $ - $ - Natural gas transmission - - - - - - 2,192 Independent power production - - 83 - - - - International energy dist. - - - - - - - Other 4 - - 4 15 17 - ------ ------ ------ ------ ------ ------ ------ 4 630 83 4 15 17 2,192 Less accumulated depreciation, depletion and amortization 3 164 6 - - 5 206 ------ ------ ------ ------ ------ ------ ------ 1 466 77 4 15 12 1,986 Construction work-in-progress - - 385 - - - 78 ------ ------ ------ ------ ------ ------ ------ 1 466 462 4 15 12 2,064 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 4,938 - - - - - - Independent power production - - 924 - - - - Natural gas transmission - - - - - - 491 International energy dist. - - - - - - - Other 18 - - - 10 31 - ------ ------ ------ ------ ------ ------ ------ 4,956 - 924 - 10 31 491 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 2 47 17 1 - (6) 2 Accounts/notes receivable 68 131 183 6 - 592 596 Gas in underground storage - - - - - 23 3 Materials and supplies - 13 1 - - - 29 Generating plant fuel stock - - - - - - - Deferred income taxes 1 13 4 - - - 10 Prepayments and other 1 3 8 2 - 26 94 ------ ------ ------ ------ ------ ------ ------ 72 207 213 9 - 635 734 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - 13 - - 15 813 Postretirement benefits - - - - - - - Notes receivable-related parties - - - - - - - Other 18 9 253 1 - 332 83 ------ ------ ------ ------ ------ ------ ------ 18 9 266 1 - 347 896 ------ ------ ------ ------ ------ ------ ----- Total Assets $5,047 $ 682 $1,865 $ 14 $ 25 $1,025 $4,185 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-26 92 CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Assets December 31, 2000 (In Millions) (Continued from Previous Page)
CMS CMS CMS Inter- CMS Electric CMS Operating Dist. company Enterprises & Gas Capital S.A. Co. Power Elimina- Company Company Corp. Consol. LLC tions Consol. Plant and Property (At Cost) Oil and gas properties $ - $ - $ - $ - $ - $ 630 Natural gas transmission - - - - (1) 2,191 Independent power production - - 315 - - 398 International energy dist. 258 - - - - 258 Other - 1 - 15 - 56 ------ ------ ------ ------ ------- ------ 258 1 315 15 (1) 3,533 Less accumulated depreciation, depletion and amortization 39 - 52 - - 475 ------ ------ ------ ------ ------- ------ 219 1 263 15 (1) 3,058 Construction work-in-progress 12 - 1 - - 476 ------ ------ ------ ------ ------- ------ 231 1 264 15 (1) 3,534 ------ ------ ------ ------ ------- ------ Investments Associated companies - - - - (4,875) 63 Independent power production - - - - - 924 Natural gas transmission - - 9 - (64) 436 International energy dist. 82 - - - (19) 63 Other - - - - - 59 ------ ------ ------ ------ ------- ------ 82 - 9 - (4,958) 1,545 ------ ------ ------- ------ ------- ------ Current Assets Cash and temporary cash investments 45 11 34 - - 153 Accounts/notes receivable 98 380 71 3 (816) 1,312 Gas in underground storage - - - - - 26 Materials and supplies 6 - 9 - - 58 Generating plant fuel stock - - - - - - Deferred income taxes - - - - - 28 Prepayments and other 11 1 - - - 146 ------ ------ ------- ------ ------- ------ 160 392 114 3 (816) 1,723 ------ ------ ------- ------ ------- ------ Non-current Assets Goodwill, net 50 - - - - 891 Postretirement benefits - - 5 - - 5 Notes receivable-related parties - 155 - - - 155 Other 10 70 26 - (62) 740 ------ ------ ------- ------ ------- ------ 60 225 31 - (62) 1,791 ------ ------ ------- ------ ------- ------ Total Assets $ 533 $ 618 $ 418 $ 18 $(5,837) $8,593 ====== ====== ======= ====== ======= ======
(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 Distributed Power LLC, CMS Capital Corporation, CMS Marketing, Services and Trading Company, CMS Gas Transmission Company, CMS Operating S.A. Company, CMS Resource Development Company and CMS Electric and Gas Company included on the equity method of accounting. A-27 93 CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions)
CMS CMS CMS CMS Gas CMS Oil and Generation Resource CMS CMS Trans. 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 5,601 93 1,932 4 21 204 2,039 Currency translation (242) - (185) - - - (24) Revaluation capital 16 1 (7) - - - - Retained earnings (485) 139 (295) 3 (1) 13 (41) ------ ------ ------ ------ ------ ------ ------ 4,891 406 1,445 7 20 217 1,974 Long-term debt - 144 13 - - - 1,272 Non-current capital leases - 3 - - - - 2 ------ ------ ------ ------ ------ ------ ------ 4,891 553 1,458 7 20 217 3,248 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - 12 - - - 92 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - 6 Current capital leases - - - - - - 2 Notes payable 29 1 321 1 3 (81) 83 Accounts payable 7 94 56 1 - 410 236 Accounts payable - related parties 98 9 11 1 - 67 27 Accrued interest - 3 1 - - - 33 Accrued taxes - 11 6 2 (1) 7 (6) Other 6 26 30 - - 32 194 ------ ------ ------ ------ ------ ------ ------ 140 144 425 5 2 435 575 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits 6 7 5 2 - 4 18 Deferred income taxes 8 (26) (46) - 3 3 177 Deferred investment tax credit - - 1 - - - - Other 2 4 10 - - 366 75 ------ ------ ------ ------ ------ ------ ------ 16 (15) (30) 2 3 373 270 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $5,047 $ 682 $1,865 $ 14 $ 25 $1,025 $4,185 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-28 94 CMS ENTERPRISES COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions) (Continued from Previous Page)
CMS CMS CMS Inter- CMS Electric Operating CMS Dist. company Enterprises & Gas S.A. Co. Capital Power Elimina- Company Company Consol. Corp. LLC tions Consol. Capitalization Common Stockholders' Equity Common stock $ - $ 36 $ - $ - $ (210) $ - Other paid-in-capital 494 271 24 - (5,088) 5,595 Currency translation (28) - - - 239 (240) Revaluation capital - - - - 6 16 Retained earnings (32) 12 15 1 186 (485) ------ ------ ------ ------ ------- ------ 434 319 39 1 (4,867) 4,886 Long-term debt 4 52 217 - (62) 1,640 Non-current capital leases - - - - - 5 ------ ------ ------ ------ ------- ------ 438 371 256 1 (4,929) 6,531 ------ ------ ------ ------ ------- ------ Minority Interests 58 11 - - (85) 88 ------ ------ ------ ------ ------- ------ Current Liabilities Current portion of long-term debt 3 7 - - - 16 Current capital leases - - - - - 2 Notes payable 5 - 357 - (678) 41 Accounts payable 16 14 - 1 (42) 793 Accounts payable - related parties 1 - - 15 (101) 128 Accrued interest - 1 5 - (2) 41 Accrued taxes (3) 9 - 1 - 26 Other 14 (1) - - - 301 ------ ------ ------ ------ ------- ------ 36 30 362 17 (823) 1,348 ------ ------ ------ ------ ------- ------ Non-current Liabilities Postretirement benefits 8 - - - - 50 Deferred income taxes (8) 6 - - - 117 Deferred investment tax credit - - - - - 1 Other 1 - - - - 458 ------ ------ ------ ------ ------- ------ 1 6 - - - 626 ------ ------ ------ ------ ------- ------ Total Stockholders' Equity and Liabilities $ 533 $ 418 $ 618 $ 18 $(5,837) $8,593 ====== ====== ====== ====== ======= ======
(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 Distributed Power LLC, CMS Capital Corporation, CMS Marketing, Services and Trading Company, CMS Gas Transmission Company, CMS Operating S.A. Company, CMS Resource Development Company and CMS Electric and Gas Company included on the equity method of accounting. A-29 95 CMS OIL AND GAS COMPANY Consolidating Balance Sheet - Assets December 31, 2000 (In Millions)
CMS Explota- CMS CMS CMS CMS CMS O&G ciones CMS Oil & Gas Oil & Gas Oil & Gas Oil & Gas Oil and Gas Alba Oil & Gas Int'l. Congo Venezuela Interna. Company (4) LDC Co. Ltd. Ltd. LDC Co. Consol. Plant and Property (Suc Efforts) Oil and gas properties $ 207 $ 11 $ 42 $ - $ 12 $ 69 $ 126 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 207 11 42 - 12 69 126 Less accumulated depreciation, depletion and amortization 76 2 23 - 2 26 27 ------ ------ ------ ------ ------ ------ ------ 131 9 19 - 10 43 99 Construction work-in-progress - - - - - - - ------ ------ ------ ------ ------ ------ ------ 131 9 19 - 10 43 99 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 414 - - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 414 - - - - - - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 1 1 1 19 3 - 7 Accounts/notes receivable 24 1 1 38 1 8 49 Materials and supplies - - 3 - 1 1 10 Deferred income taxes 13 - - - - - - Prepayments and other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 38 2 5 57 5 9 66 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Postretirement benefits - - - - - - - Other 4 4 - - (3) - - ------ ------ ------ ------ ------ ------ ------ 4 4 - - (3) - - ------ ------ ------ ------ ------ ------ ------ Total Assets $ 587 $ 15 $ 24 $ 57 $ 12 $ 52 $ 165 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-30 96 CMS OIL AND GAS COMPANY Consolidating Balance Sheet - Assets December 31, 2000 (In Millions) (Continued from Previous Page)
CMS CMS Inter- CMS Oil & Gas Oil & Gas company Oil & Gas E.G. E.G. Elimina- Company LDC Ltd. tions Consol. Plant and Property (Suc Efforts) Oil and gas properties $ 7 $ 156 $ - $ 630 Other - - - - ------ ------ ------ ------ 7 156 - 630 Less accumulated depreciation, depletion and amortization 1 7 - 164 ------ ------ ------ ------ 6 149 - 466 Construction work-in-progress - - - - ------ ------ ------ ------ 6 149 - 466 ------ ------ ------ ------ Investments Associated companies - - (414) - Other - - - - ------ ------ ------ ------ - - (414) - ------ ------ ------ ------ Current Assets Cash and temporary cash investments - 15 - 47 Accounts/notes receivable 1 18 (10) 131 Materials and supplies - 5 (7) 13 Deferred income taxes - - - 13 Prepayments and other - 3 - 3 ------ ------ ------ ------ 1 41 (17) 207 ------ ------ ------ ------ Non-current Assets Postretirement benefits - - - - Other 2 2 - 9 ------ ------ ------ ------ 2 2 - 9 ------ ------ ------ ------ Total Assets $ 9 $ 192 $ (431) $ 682 ====== ====== ====== ======
(4) Represents CMS Oil and Gas Company consolidated with CMS Oil and Gas International Company included on the equity method of accounting. A-31 97 CMS OIL AND GAS COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions)
CMS Explota- CMS CMS CMS CMS CMS O&G ciones CMS Oil & Gas Oil & Gas Oil & Gas Oil & Gas Oil and Gas Alba Oil and Gas Int'l. Congo Venezuela Interna. Company (4) LDC Co. Ltd. Ltd. LDC Co. Consol. Capitalization Common Stockholders' Equity Common stock $ 173 $ - $ - $ 1 $ - $ - $ - Other paid-in-capital 93 9 56 76 8 29 94 Revaluation capital 1 - - - - - - Retained earnings 143 5 (27) 11 5 12 32 ------ ------ ------ ------ ------ ------ ------ 410 14 29 88 13 41 126 Long-term debt 144 - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 554 14 29 88 13 41 126 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Notes payable - - 1 2 - - - Accounts payable 34 - - 11 - 3 19 Accounts payable - related parties 14 - - (44) (1) - (5) Accrued interest 3 - - - - - - Accrued taxes 3 - 1 - - 9 (2) Other 1 - - - - - 21 ------ ------ ------ ------ ------ ------ ------ 55 - 2 (31) (1) 12 33 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits 7 - - - - - - Deferred income taxes (29) - (7) - - (1) 3 Deferred investment tax credit - - - - - - - Other - 1 - - - - 3 ------ ------ ------ ------ ------ ------ ------ (22) 1 (7) - - (1) 6 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 587 $ 15 $ 24 $ 57 $ 12 $ 52 $ 165 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-32 98 CMS OIL AND GAS COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions) (Continued from Previous Page)
CMS CMS CMS Inter- CMS Oil & Gas Oil & Gas Oil & Gas company Oil & Gas E.G. E.G. Pipeline Elimina- Company LDC Ltd. Co. tions Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ (1) $ 173 Other paid-in-capital 6 63 (1) (340 93 Revaluation capital - - - - 1 Retained earnings 3 32 1 (78) 139 ------ ------ ------ ------ ------ 9 95 - (419) 406 Long-term debt - - - - 144 Non-current capital leases - 3 - - 3 ------ ------ ------ ------ ------ 9 98 - (419) 553 ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - Notes payable - 5 - (7) 1 Accounts payable - 29 - (2) 94 Accounts payable - related parties - 45 - - 9 Accrued interest - - - - 3 Accrued taxes - - - - 11 Other - 4 - - 26 ------ ------ ------ ------ ------ - 83 - (9) 144 ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - 7 Deferred income taxes - 11 - (3) (26) Deferred investment tax credit - - - - - Other - - - - 4 ------ ------ ------ ------ ------ - 11 - (3) (15) ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 9 $ 192 $ - $ (431) $ 682 ====== ====== ====== ====== ======
(4) Represents CMS Oil and Gas Company consolidated with CMS Oil and Gas International Company included on the equity method of accounting. A-33 99 CMS OIL AND GAS INTERNATIONAL COMPANY Consolidating Balance Sheet - Assets December 31, 2000 (In Millions)
CMS CMS NOMECO CMS Oil & CMS Inter- CMS Oil & Gas Int'l Gas Int'l Oil & Gas company Oil & Gas Int'l Congo Hld., Tunisia, Cameroon, Elimina- Int'l Co. (5) Inc. Inc. Ltd. tions Co. Consol. Plant and Property (Suc Efforts) Oil and gas properties $ 1 $ 89 $ 34 $ 2 $ - $ 126 Other - - - - - - ------ ------ ------ ------ ------ ------ 1 89 34 2 - 126 Less accumulated depreciation, depletion and amortization 1 22 4 - - 27 ------ ------ ------ ------ ------ ------ - 67 30 2 - 99 Construction work-in-progress - - - - - - ------ ------ ------ ------ ------ ------ - 67 30 2 - 99 ------ ------ ------ ------ ------ ------ Investments Associated companies 57 - - - (57) - Other - - - - - - ------ ------ ------ ------ ------ ------ 57 - - - (57) - ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 1 3 2 1 - 7 Accounts/notes receivable 73 34 17 1 (76) 49 Materials and supplies - 7 2 1 - 10 Prepayments and other - - - - - - ------ ------ ------ ------ ------ ------ 74 44 21 3 (76) 66 ------ ------ ------ ------ ------ ------ Non-current Assets Postretirement benefits - - - - - - Other - (2) 2 - - - ------ ------ ------ ------ ------ ------ - (2) 2 - - - ------ ------ ------ ------ ------ ------ Total Assets $ 131 $ 109 $ 53 $ 5 $ (133) $ 165 ====== ====== ====== ====== ====== ======
(5) Represents CMS Oil and Gas International Company and CMS Oil and Gas International Transportation Company consolidated. A-34 100 CMS OIL AND GAS INTERNATIONAL COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions)
CMS CMS NOMECO CMS OIl & CMS Inter CMS Oil & Gas Int'l Gas Int'l Oil & Gas company Oil & Gas Int'l Congo Hld., Tunisia, Cameroon, Elimina- Int'l. Co. (5) Inc. Inc. Inc. tions Co. Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - Other paid-in-capital 100 17 7 - (30) 94 Retained earnings 25 23 12 (1) (27) 32 ------ ------ ------ ------ ------ ------ 125 40 19 (1) (57) 126 Long-term debt - - - - - - Non-current capital leases - - - - - - ------ ------ ------ ------ ------ ------ 125 40 19 (1) (57) 126 ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - Notes payable - - - - - - Accounts payable - 17 1 1 - 19 Accounts payable - related parties 5 33 28 5 (76) (5) Accrued interest - - - - - - Accrued taxes - (2) - - - (2) Other 1 19 1 - - 21 ------ ------ ------ ------ ------ ------ 6 67 30 6 (76) 33 ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - Deferred income taxes - 2 1 - - 3 Deferred investment tax credit - - - - - - Other - - 3 - - 3 ------ ------ ------ ------ ------ ------ - 2 4 - - 6 ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 131 $ 109 $ 53 $ 5 $ (133) $ 165 ====== ====== ====== ====== ====== ======
(5) Represents CMS Oil and Gas International Company and CMS Oil and Gas International Transportation Company consolidated. A-35 101 CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 2000 (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 $ - $ - $ - $ - $ - $ - $ - Less accumulated depreciation, depletion and amortization - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - Construction work-in-progress 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 1,203 - - - - - - Other 44 32 18 1 7 - - ------ ------ ------ ------ ------ ------ ------ 1,247 32 18 1 7 - - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 1 - - - - - 1 Accounts/notes receivable 40 1 - - - 11 2 Materials and supplies 1 - - - - - - Generating plant fuel stock - - - - - - - Deferred income taxes 4 - - - - - - Prepayments and other 2 - - - - - - ------ ------ ------ ------ ------ ------ ------ 48 1 - - - 11 3 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - - - - Postretirement benefits - - - - - - - Other 122 - - - - - - ------ ------ ------ ------ ------ ------ ------ 122 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $1,418 $ 33 $ 18 $ 1 $ 7 $ 11 $ 3 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-36 102 CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 2000 (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 Power prises LLC S.A. Company LLC Consol. LLC Consol. Plant and Property (At Cost) Independent power production $ - $ - $ - $ 3 $ - $ 77 $ 1 Less accumulated depreciation, depletion and amortization - - - 2 - 4 - ------ ------ ------ ------ ------ ------ ------ - - - 1 - 73 1 Construction work-in-progress 383 - - - - - - ------ ------ ------ ------ ------ ------ ------ 383 - - 1 - 73 1 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies - - 2 - - - - Other - 38 - - 686 - 57 ------ ------ ------ ------ ------ ------ ------ - 38 2 - 686 - 57 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments (3) - - - 17 1 - Accounts/notes receivable 45 1 - 4 53 1 7 Materials and supplies - - - - - - - Generating plant fuel stock - - - - - - - Deferred income taxes - - - - - - - Prepayments and other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 42 1 - 4 70 2 7 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - 13 - - Postretirement benefits - - - - - - - Other 14 - - - 106 - 11 ------ ------ ------ ------ ------ ------ ------ 14 - - - 119 - 11 ------ ------ ------ ------ ------ ------ ------ Total Assets $ 439 $ 39 $ 2 $ 5 $ 875 $ 75 $ 76 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-37 103 CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 2000 (In Millions) (Continued from Previous Page)
CMS Oxford/ CMSG Dearborn CMSG CMSG CMSG Int'l. CMS Invest. Generation Holdings Altoona Chateaugay Operating Development Company Operating Company Company Co. Co. L.P. III LLC Plant and Property (At Cost) Independent power production $ - $ - $ - $ - $ 2 $ - $ - Less accumulated depreciation, depletion and amortization - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - 2 - - Construction work-in-progress - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ - - - - 2 - 1 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies - - - - - - - Other 5 - - - 7 29 - ------ ------ ------ ------ ------ ------ ------ 5 - - - 7 29 - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - - 1 - - (1) Accounts/notes receivable 1 47 1 12 - 4 22 Materials and supplies - - - - - - - Generating plant fuel stock - - - - - - - Deferred income taxes - - - - - - - Prepayments and other - - - 1 - 3 2 ------ ------ ------ ------ ------ ------ ------ 1 47 1 14 - 7 23 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - - - - Postretirement benefits - - - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $ 6 $ 47 $ 1 $ 14 $ 9 $ 36 $ 24 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-38 104 CMS GENERATION COMPANY Consolidating Balance Sheet - Assets December 31, 2000 (In Millions) (Continued from Previous Page)
Inter- CMS CMSG company Generation Genesee Elimina- Company Co. tions Consol. Plant and Property (At Cost) Independent power production $ - $ - $ 83 Less accumulated depreciation, depletion and amortization - - 6 ------ ------- ------ - - 77 Construction work-in-progress - - 385 ------ ------- ------ - - 462 ------ ------- ------ Investments Associated companies - (1,205) - Other - - 924 ------ ------- ------ - (1,205) 924 ------ ------- ------ Current Assets Cash and temporary cash investments - - 17 Accounts/notes receivable 1 (70) 183 Materials and supplies - - 1 Generating plant fuel stock - - - Deferred income taxes - - 4 Prepayments and other - - 8 ------ ------- ------ 1 (70) 213 ------ ------- ------ Non-current Assets Goodwill, net - - 13 Postretirement benefits - - - Other - - 253 ------ ------- ------ - - 266 ------ ------- ------ Total Assets $ 1 $(1,275) $1,865 ====== ======= ======
(6) Represents CMS Generation Company, CMSG Mon Valley Company, CMSG Lyonsdale Company, CMSG Montreal Company, CMS Jorf Lasfar III LDC, CMS Centrales Termicas S.A. and Taweelah A2 Operating Company consolidated with HYDRA-CO Enterprises, Inc., and CMSG Investment Company I included on the equity method of accounting. A-39 105 CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (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 1,934 10 6 4 7 3 1 Currency translation (185) - - - - - - Revaluation capital (7) - - - - - - Retained earnings (294) 11 8 (4) (6) 2 - ------ ------ ------ ------ ------ ------ ------ 1,448 21 14 - 1 6 1 Long-term debt 13 - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 1,461 21 14 - 1 6 1 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - - - - - - ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable 26 - - - - 3 1 Accounts payable 11 - - 1 - - 1 Accounts payable - related parties 5 - - - - - - Accrued interest 1 - - - - - - Accrued taxes (16) 3 - - - 1 - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 27 3 - 1 - 4 2 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits 3 - - - - 2 - Deferred income taxes (73) 8 4 - 6 (1) - Deferred investment tax credit - 1 - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ (70) 9 4 - 6 1 - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $1,418 $ 33 $ 18 $ 1 $ 7 $ 11 $ 3 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-40 106 CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (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 Power prises LLC S.A. Company LLC Consol. LLC Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 129 45 3 4 1,117 75 185 Currency translation - - - - (181) - - Revaluation capital - - - - - - - Retained earnings 7 (6) (1) - (168) 1 (152) ------ ------ ------ ------ ------ ------ ------ 136 39 2 4 768 76 33 Long-term debt - - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 136 39 2 4 768 76 33 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - - - 12 - - ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable 266 - - - 41 (4) 9 Accounts payable 1 - - 1 33 1 10 Accounts payable - related parties 12 - - - 12 - - Accrued interest - - - - 6 - - Accrued taxes - - - - 4 - 10 Other 24 - - - - 2 2 ------ ------ ------ ------ ------ ------ ------ 303 - - 1 96 (1) 31 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - - - - (1) - 7 Deferred investment tax credit - - - - - - - Other - - - - - - 5 ------ ------ ------ ------ ------ ------ ------ - - - - (1) - 12 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 439 $ 39 $ 2 $ 5 $ 875 $ 75 $ 76 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-41 107 CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions) (Continued from Previous Page)
CMS Oxford/ CMSG Dearborn CMSG CMSG CMSG Int'l. CMS Invest. Generation Holdings Altoona Chateaugay Operating Development Company Operating Company Company Co. Co. L.P. III LLC Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 12 39 - 2 41 34 4 Currency translation - - - (1) - (4) - Revaluation capital - - - - - - - Retained earnings (12) 6 - 7 (32) 2 1 ------ ------ ------ ------ ------ ------ ------ - 45 - 8 9 32 5 Long-term debt - - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------- ------ ------ - 45 - 8 9 32 5 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - - - - - - ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable - 2 - - - - 18 Accounts payable - - - 3 - - 1 Accounts payable - related parties - - - - - - - Accrued interest - - - - - - - Accrued taxes (1) - - 2 - 3 - Other - - 1 1 - - - ------ ------ ------ ------ ------ ------ ------ (1) 2 1 6 - 3 19 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes 2 - - - - 1 - Deferred investment tax credit - - - - - - - Other 5 - - - - - - ------ ------ ------ ------ ------ ------ ------ 7 - - - - 1 - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 6 $ 47 $ 1 $ 14 $ 9 $ 36 $ 24 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-42 108 CMS GENERATION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions) (Continued from Previous Page)
Inter- CMS CMSG company Generation Genesee Elimina- Company Co. tions Consol. Capitalization Common Stockholders' Equity Common stock $ - $ (1) $ - Other paid-in-capital - (1,723) 1,932 Currency translation - 186 (185) Revaluation capital - - (7) Retained earnings - 335 (295) ------ ------- ------ - (1,203) 1,445 Long-term debt - - 13 Non-current capital leases - - - ------ ------- ------ - (1,203) 1,458 ------ ------- ------ Minority Interests - - 12 ------ ------- ------ Current Liabilities Current portion of long-term debt - - - Current capital leases - - - Notes payable - (41) 321 Accounts payable - (7) 56 Accounts payable - related parties - (18) 11 Accrued interest - (6) 1 Accrued taxes - - 6 Other - - 30 ------ ------- ------ - (72) 425 ------ ------- ------ Non-current Liabilities Postretirement benefits - - 5 Deferred income taxes 1 - (46) Deferred investment tax credit - - 1 Other - - 10 ------ ------- ------ 1 - (30) ------ ------- ------ Total Stockholders' Equity and Liabilities $ 1 $(1,275) $1,865 ====== ======= ======
(6) Represents CMS Generation Company, CMSG Mon Valley Company, CMSG Lyonsdale Company, CMSG Montreal Company, CMS Jorf Lasfar III LDC, CMS Centrales Termicas S.A. and Taweelah A2 Operating Company consolidated with HYDRA-CO Enterprises, Inc. and CMSG Investment Company I included on the equity method of accounting. A-43 109 HYDRA-CO ENTERPRISES, INC. Consolidating Balance Sheet - Assets December 31, 2000 (In Millions)
HYDRO-CO CMS New HCE HCE Enter- Generation HCE Bern HCE Rockfort Imperial prises Oper. Co. Appomattox Energy Hudson, Diesel, Valley Inc. (7) II Inc. Rec. Inc. Inc. Inc. Inc. Plant and Property (At Cost) Independent power production $ - $ 1 $ - $ - $ - $ - $ - Less accumulated depreciation, depletion and amortization - - - - - - - ------ ------ ------ ------ ------ ------ ------ - 1 - - - - - Construction work-in-progress - - - - - - - ------ ------ ------ ------ ------ ------ ------ - 1 - - - - - ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 29 - - - - - - Other 32 - 1 2 - 22 - ------ ------ ------ ------ ------ ------ ------ 61 - 1 2 - 22 - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - - - - - - Accounts receivable (2) 3 1 - 1 - - Materials and supplies - - - - - - - Prepayments and other - - - - - - - ------ ------ ------ ------ ------ ------ ------ (2) 3 1 - 1 - - ------ ------ ------ ------ ------ ------ ------ Non-current Assets Postretirement benefits - - - - - - - Other 10 1 - - - - - ------ ------ ------ ------ ------ ------ ------ 10 1 - - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $ 69 $ 5 $ 2 $ 2 $ 1 $ 22 $ - ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-44 110 HYDRA-CO ENTERPRISES, INC. Consolidating Balance Sheet - Assets December 31, 2000 (In Millions) (Continued from Previous Page)
Inter- HYDRA-CO CMSG company Enter- Stratton Elimina- prises Co. tions Consol. Plant and Property (At Cost) Independent power production $ - $ - $ 1 Less accumulated depreciation, depletion and amortization - - - ------ ------ ------ - - 1 Construction work-in-progress - - - ------ ------ ------ - - 1 ------ ------ ------ Investments Associated companies - (29) - Other - - 57 ------ ------ ------ - (29) 57 ------ ------ ------ Current Assets Cash and temporary cash investments - - - Accounts receivable 4 - 7 Materials and supplies - - - Prepayments and other - - - ------ ------ ------ 4 - 7 ------ ------ ------ Non-current Assets Postretirement benefits - - - Other - - 11 ------ ------ ------ - - 11 ------ ------ ------ Total Assets $ 4 $ (29) $ 76 ====== ====== ======
(7) Represents HYDRA-CO Enterprises, Inc., HCE-Biopower, Inc., HCO-Jamaica, Inc. and HCE-Jamaica Development, Inc. consolidated. A-45 111 HYDRO-CO ENTERPRISES, INC. Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions)
HYDRO-CO CMS New HCE HCE Enter- Generation HCE Bern HCE Rockfort Imperial prises Oper. Co. Appomattox Energy Hudson, Diesel, Valley Inc. (7) II Inc. Rec. Inc. Inc. Inc. Inc. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ - $ - Other paid-in-capital 185 4 2 1 (5) 19 2 Currency translation - - - - - - - Revaluation capital - - - - - - - Retained earnings (151) (1) - 1 6 - (2) ------ ------ ------ ------ ------ ------ ------ 34 3 2 2 1 19 - Long-term debt - - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 34 3 2 2 1 19 - ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable 9 - - - - - - Accounts payable 8 1 - - - - - Accounts payable - related parties - - - - - - - Accrued interest - - - - - - - Accrued taxes 8 1 - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 25 2 - - - - - ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes 5 - - - - 3 - Deferred investment tax credit - - - - - - - Other 5 - - - - - - ------ ------ ------ ------ ------ ------ ------ 10 - - - - 3 - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 69 $ 5 $ 2 $ 2 $ 1 $ 22 $ - ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-46 112 HYDRO-CO ENTERPRISES, INC. Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions) (Continued from Previous Page)
Inter- HYDRA-CO CMSG company Enter- Stratton Elimina- prises Co. tions Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - Other paid-in-capital 20 (43) 185 Currency translation - - - Revaluation capital - - - Retained earnings (18) 13 (152) ------ ------ ------ 2 (30) 33 Long-term debt - - - Non-current capital leases - - - ------ ------ ------ 2 (30) 33 ------ ------ ------ Current Liabilities Current portion of long-term debt - - - Current capital leases - - - Notes payable - - 9 Accounts payable - 1 10 Accounts payable - related parties - - - Accrued interest - - - Accrued taxes 1 - 10 Other 2 - 2 ------ ------ ------ 3 1 31 ------ ------ ------ Non-current Liabilities Postretirement benefits - - - Deferred income taxes (1) - 7 Deferred investment tax credit - - - Other - - 5 ------ ------ ------ (1) - 12 ------ ------ ------ Total Stockholders' Equity and Liabilities $ 4 $ (29) $ 76 ====== ====== ======
(7) Represents HYDRA-CO Enterprises, Inc., HCE-Biopower, Inc., HCO-Jamaica, Inc. and HCE-Jamaica Development, Inc. consolidated. A-47 113 CMS GENERATION INVESTMENT COMPANY I Consolidating Balance Sheet - Assets December 31, 2000 (In Millions)
CMSG CMSG CMSG Jorf CMSG Jeguru- CMSG CMSG Loy Yang Loy Yang Lasfar Inv. Co. padu Pinamucan Cebu Holdings Holdings Handels- I (8) I/II LDC LDC LDC 1 Ltd. 2 Ltd. bolag HB Plant and Property (At Cost) Independent power production $ - $ - $ - $ - $ - $ - $ - Less accumulated depreciation, depletion and amortization - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - Construction work-in-progress - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 247 - - - - - - Other 217 7 - 13 - - 14 ------ ------ ------ ------ ------ ------ ------ 464 7 - 13 - - 14 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments 2 1 - 8 - - - Accounts receivable 344 - 9 (3) - 9 - Materials and supplies - - - - - - - Deferred income taxes - - - - - - - Prepayments and other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 346 1 9 5 - 9 - ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net 13 - - - - - - Postretirement benefits - - - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 13 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $ 823 $ 8 $ 9 $ 18 $ - $ 9 $ 14 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-48 114 CMS GENERATION INVESTMENT COMPANY I Consolidating Balance Sheet - Assets December 31, 2000 (In Millions) (Continued from Previous Page)
Jorf Jorf Inter- CMSG Lasfar Lasfar CMSG Takoradi company Investment Energia- PE Taweelah Int'l Monetize Elimina- Co. I ktiebolag Aktie. Ltd. Company Ltd. tions Consol. Plant and Property (At Cost) Independent power production $ - $ - $ - $ - $ - $ - $ - Less accumulated depreciation, depletion and amortization - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - Construction work-in-progress - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Investments Associated companies - - - - - (247) - Other 170 157 75 - 33 - 686 ------ ------ ------ ------ ------ ------ ------ 170 157 75 - 33 (247) 686 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - - 6 - - 17 Accounts receivable - - - 19 - (325) 53 Materials and supplies - - - - - - - Deferred income taxes - - - - - - - Prepayments and other - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - 25 - (325) 70 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - - - 13 Postretirement benefits - - - - - - - Other - - - 106 - - 106 ------ ------ ------ ------ ------ ------ ------ - - - 106 - - 119 ------ ------ ------ ------ ------ ------ ------ Total Assets $ 170 $ 157 $ 75 $ 131 $ 33 $ (572) $ 875 ====== ====== ====== ====== ====== ====== ======
(8) Represents CMSG Investment Company I, CMSG Investment Company II and CMSG Investment Company IV consolidated. A-49 115 CMS GENERATION INVESTMENT COMPANY I Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions)
CMSG CMSG CMSG Jorf CMSG Jeguru- CMSG CMSG Loy Yang Loy Yang Lasfar Inv. Co. padu Pinamucan Cebu Holdings Holdings Handels- I (8) I/II LDC LDC LDC 1 Ltd. 2 Ltd. bolag HB Capitalization Common Stockholders' Equity Common stock $ - $ - $ 1 $ 16 $ - $ - $ - Other paid-in-capital 1,117 - - 1 141 142 8 Currency translation (181) - - (9) (84) (84) - Revaluation capital - - - - - - - Retained earnings (168) - (5) 7 (215) (219) 3 ------ ------ ------ ------ ------ ------ ------ 768 - (4) 15 (158) (161) 11 Long-term debt - - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 768 - (4) 15 (158) (161) 11 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - - - - - - ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable 41 8 - - 157 158 - Accounts payable 9 - 14 1 2 3 - Accounts payable - related parties - - (1) 2 - 9 3 Accrued interest 6 - - - - - - Accrued taxes - - - - (1) - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 56 8 13 3 158 170 3 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes (1) - - - - - - Deferred investment tax credit - - - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ (1) - - - - - - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 823 $ 8 $ 9 $ 18 $ - $ 9 $ 14 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-50 116 CMS GENERATION INVESTMENT COMPANY I Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions) (Continued from Previous Page)
Jorf Jorf Inter- CMSG Lasfar Lasfar CMSG Takoradi company Investment Energia- PE Taweelah Int'l Monetize Elimina- Co. I ktiebolag Aktie. Ltd. Company Ltd. tions Consol. Capitalization Common Stockholders' Equity Common stock $ - $ - $ - $ - $ - $ (17) $ - Other paid-in-capital 97 89 74 99 29 (680) 1,117 Currency translation - - - - (3) 180 (181) Revaluation capital - - - - - - - Retained earnings 73 68 1 10 7 270 (168) ------ ------ ------ ------ ------ ------ ------ 170 157 75 109 33 (247) 768 Long-term debt - - - - - - - Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 170 157 75 109 33 (247) 768 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - - 12 - - 12 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - - Notes payable - - - - - (323) 41 Accounts payable - - - 5 - (1) 33 Accounts payable - related parties - - - - - (1) 12 Accrued interest - - - - - - 6 Accrued taxes - - - 5 - - 4 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - 10 - (325) 96 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - - - - - - (1) Deferred investment tax credit - - - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - (1) ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 170 $ 157 $ 75 $ 131 $ 33 $ (572) $ 875 ====== ====== ====== ====== ====== ====== ======
(8) Represents CMSG Investment Company I, CMSG Investment Company II and CMSG Investment Company IV consolidated. A-51 117 CMS GAS TRANSMISSION COMPANY Consolidating Balance Sheet - Assets December 31, 2000 (In Millions)
CMS CMS CMS Gas CMS CMS CMS Gas CMS Saginaw Saginaw Transmission Gas Jackson Transmission Antrim Bay Bay Lat. del Sur Argentina Pipeline Company (9) Company Company Company Company Company Company Plant and Property (At Cost) Natural gas transmission $ 3 $ 53 $ 24 $ - $ - $ - $ 11 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 3 53 24 - - - 11 Less accumulated depreciation, depletion and amortization - 15 1 - - - 3 ------ ------ ------ ------ ------ ------ ------ 3 38 23 - - - 8 Construction work-in-progress 3 - - - - - - ------ ------ ------ ------ ------ ------ ------ 6 38 23 - - - 8 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 1,840 - - - - - - Other 89 - - - 159 166 - ------ ------ ------ ------ ------ ------ ------ 1,929 - - - 159 166 - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - - - - - - 1 Accounts/notes receivable 7 4 1 1 - 2 - Gas in underground storage 3 - - - - - - Materials and supplies - - - - - - - Deferred income taxes (2) - - - - - - Prepayments and other 2 - - - - - - ------ ------ ------ ------ ------ ------ ------ 10 4 1 1 - 2 1 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - - 42 - Postretirement benefits - - - - - - - Other 63 - - - 1 - - ------ ------ ------ ------ ------ ------ ------ 63 - - - 1 42 - ------ ------ ------ ------ ------ ------ ------ Total Assets $2,008 $ 42 $ 24 $ 1 $ 160 $ 210 $ 9 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-52 118 CMS GAS TRANSMISSION COMPANY Consolidating Balance Sheet - Assets December 31, 2000 (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 $ 45 $1,679 $ 303 $ - $ 45 $ - $ 29 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 45 1,679 303 - 45 - 29 Less accumulated depreciation, depletion and amortization 42 99 32 - 7 - 7 ------ ------ ------ ------ ------ ------ ------ 3 1,580 271 - 38 - 22 Construction work-in-progress - 20 48 7 - - - ------ ------ ------ ------ ------ ------ ------ 3 1,600 319 7 38 - 22 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies - - - - - - - Other 6 7 3 - - 61 - ------ ------ ------ ------ ------ ------ ------ 6 7 3 - - 61 - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments (1) - (1) - 1 2 - Accounts/notes receivable 15 302 175 - 92 - 1 Gas in underground storage - - - - - - - Materials and supplies - 21 8 - - - - Deferred income taxes - 12 - - - - - Prepayments and other - 92 - - - - - ------ ------ ------ ------ ------ ------ ------ 14 427 182 - 93 2 1 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net 17 754 - - - - - Postretirement benefits - - - - - - - Other - 18 1 - - - - ------ ------ ------ ------ ------ ------ ------ 17 772 1 - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $ 40 $2,806 $ 505 $ 7 $ 131 $ 63 $ 23 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-53 119 CMS GAS TRANSMISSION COMPANY Consolidating Balance Sheet - Assets December 31, 2000 (In Millions) (Continued from Previous Page)
Grand Inter- CMS Gas Lacs company Tran. Limited Elimina- Company Part. tions Consol. Plant and Property (At Cost) Natural gas transmission $ - $ - $2,192 Other - - - ------ ------- ------ - - 2,192 Less accumulated depreciation, depletion and amortization - - 206 ------ ------- ------ - - 1,986 Construction work-in-progress - - 78 ------ ------- ------ - - 2,064 ------ ------- ------ Investments Associated companies - (1,840) - Other - - 491 ------ ------- ------ - (1,840) 491 ------ ------- ------ Current Assets Cash and temporary cash investments - - 2 Accounts/notes receivable - (4) 596 Gas in underground storage - - 3 Materials and supplies - - 29 Deferred income taxes - - 10 Prepayments and other - - 94 ------ ------- ------ - (4) 734 ------ ------- ------ Non-current Assets Goodwill, net - - 813 Postretirement benefits - - - Other - - 83 ------ ------- ------ - - 896 ------ ------- ------ Total Assets $ - $(1,844) $4,185 ====== ======= ======
(9) Represents CMS Gas Transmission Company and Western Australia Gas Transmission Company I consolidated with CMS Field Services, Inc. and Panhandle Eastern Pipe Line Company included on the equity method of accounting. A-54 120 CMS GAS TRANSMISSION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions)
CMS CMS CMS Gas CMS CMS CMS Gas CMS Saginaw Saginaw Transmission Gas Jackson Transmission Antrim Bay Bay Lat. del Sur Argentina Pipeline Company (9) Company Company Company Company Company Company Capitalization Common Stockholders' Equity Common stock $ 1 $ - $ - $ - $ 163 $ 4 $ - Other paid-in-capital 2,037 - 23 3 - 164 2 Currency translation (24) - - - - - - Retained earnings (40) - (1) (3) (3) 42 - ------ ------ ------ ------ ------ ------ ------ 1,974 - 22 - 160 210 2 Long-term debt - 27 - - - - 3 Non-current capital leases - - - - - - - ------ ------ ------ ------ ------ ------ ------ 1,974 27 22 - 160 210 5 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - 6 - - - - - Current capital leases - - - - - - - Notes payable 18 - - - - - - Accounts payable 1 - - - - - 1 Accounts payable - related parties 1 - - - - - - Accrued interest 1 - - - - - - Accrued taxes (15) 1 - 1 - - - Other 17 - 1 - - - - ------ ------ ------ ------ ------ ------ ------ 23 7 1 1 - - 1 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits 2 - - - - - - Deferred income taxes 5 8 1 - - - 2 Deferred investment tax credit - - - - - - - Other 4 - - - - - - ------ ------ ------ ------ ------ ------ ------ 11 8 1 - - - 2 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $2,008 $ 42 $ 24 $ 1 $ 160 $ 210 $ 9 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-55 121 CMS GAS TRANSMISSION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (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 $ - $ - $ 7 $ 65 $ - Other paid-in-capital 33 1,127 158 7 - - 28 Currency translation - - - - (17) (7) - Retained earnings (2) (6) 36 - 17 5 (6) ------ ------ ------ ------ ------ ------ ------ 31 1,122 194 7 7 63 22 Long-term debt - 1,193 49 - - - - Non-current capital leases - - 2 - - - - ------ ------ ------ ------ ------ ------ ------ 31 2,315 245 7 7 63 22 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - 27 - 64 - - ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - 2 - - - - Notes payable - - 13 - 52 - - Accounts payable - 65 167 - 2 - - Accounts payable - related parties 6 23 1 - - - - Accrued interest - 31 - - 1 - - Accrued taxes - 3 2 - 2 - - Other 1 149 25 - 1 - - ------ ------ ------ ------ ------ ------ ------ 7 271 210 - 58 - - ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits 1 15 - - - - - Deferred income taxes 1 134 23 - 2 - 1 Deferred investment tax credit - - - - - - - Other - 71 - - - - - ------ ------ ------ ------ ------ ------ ------ 2 220 23 - 2 - 1 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 40 $2,806 $ 505 $ 7 $ 131 $ 63 $ 23 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-56 122 CMS GAS TRANSMISSION COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions) (Continued from Previous Page)
Grand Inter- CMS Gas Lacs company Tran. Limited Elimina- Company Part. tions Consol. Capitalization Common Stockholders' Equity Common stock $ - $ (241) $ - Other paid-in-capital (6) (1,537) 2,039 Currency translation - 24 (24) Retained earnings 6 (86) (41) ------ ------- ------ - (1,840) 1,974 Long-term debt - - 1,272 Non-current capital leases - - 2 ------ ------- ------ - (1,840) 3,248 ------ ------- ------ Minority Interests - - 92 ------ ------- ------ Current Liabilities Current portion of long-term debt - - 6 Current capital leases - - 2 Notes payable - - 83 Accounts payable - - 236 Accounts payable - related parties - (4) 27 Accrued interest - - 33 Accrued taxes - - (6) Other - - 194 ------ ------- ------ - (4) 575 ------ ------- ------ Non-current Liabilities Postretirement benefits - - 18 Deferred income taxes - - 177 Deferred investment tax credit - - - Other - - 75 ------ ------- ------ - - 270 ------ ------- ------ Total Stockholders' Equity and Liabilities $ - $(1,844) $4,185 ====== ======= ======
(9) Represents CMS Gas Transmission Company and Western Australia Gas Transmission Company I consolidated with CMS Field Services, Inc and Panhandle Eastern Pipe Line Company included on the equity method of accounting. A-57 123 PANHANDLE EASTERN PIPE LINE COMPANY Consolidating Balance Sheet - Assets December 31, 2000 (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 $ 707 $ 755 $ 29 $ 188 $ - $1,679 Other - - - - - - ------ ------ ------ ------ ------- ------ 707 755 29 188 - 1,679 Less accumulated depreciation, depletion and amortization 33 60 1 5 - 99 ------ ------ ------ ------ ------- ------ 674 695 28 183 - 1,580 Construction work-in-progress 12 7 1 - - 20 ------ ------ ------ ------ ------- ------ 686 702 29 183 - 1,600 ------ ------ ------ ------ ------- ------ Investments Associated companies 794 - - - (794) - Other 2 5 - - - 7 ------ ------ ------ ------ ------- ------ 796 5 - - (794) 7 ------ ------ ------ ------ ------- ------ Current Assets Cash and temporary cash investments - - - - - - Accounts/notes receivable 402 57 1 3 (161) 302 Gas in underground storage - - - - - - Materials and supplies (14) 33 2 - - 21 Deferred income taxes 12 - - - - 12 Prepayments and other 27 38 26 1 - 92 ------ ------ ------ ------ ------- ------ 427 128 29 4 (161) 427 ------ ------ ------ ------ ------- ------ Non-current Assets Goodwill, net 656 - - 98 - 754 Postretirement benefits - - - - - - Other 116 2 - - (100) 18 ------ ------ ------ ------ ------- ------ 772 2 - 98 (100) 772 ------ ------ ------ ------ ------- ------ Total Assets $2,681 $ 837 $ 58 $ 285 ($1,055) $2,806 ====== ====== ====== ====== ======= ======
(10) Represents Panhandle Eastern Pipe Line Company, Sea Robin Pipeline Company, CMS Panhandle Eastern Resources, Inc., CMS Panhandle Storage Company, Trunkline Field Services Company and CMS Trunkline Pipeline Holdings, Inc. consolidated. A-58 124 PANHANDLE EASTERN PIPE LINE COMPANY Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (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 1,128 357 30 295 (683) 1,127 Currency translation - - - - - - Retained earnings (5) 120 (12) (25) (84) (6) ------ ------ ------ ------ ------- ------ 1,124 504 18 270 (794) 1,122 Long-term debt 1,193 100 - - (100) 1,193 Non-current capital leases - - - - - - ------ ------ ------ ------ ------- ------ 2,317 604 18 270 (894) 2,315 ------ ------ ------ ------ ------- ------ Current Liabilities Current portion of long-term debt - - - - - - Current capital leases - - - - - - Notes payable - 100 - - (100) - Accounts payable 50 52 21 - (58) 65 Accounts payable - related parties 24 2 - - (3) 23 Accrued interest 31 - - - - 31 Accrued taxes 28 (20) - (5) - 3 Other 108 29 11 1 - 149 ------ ------ ------ ------ ------- ------ 241 163 32 (4) (161) 271 ------ ------ ------ ------ ------- ------ Non-current Liabilities Postretirement benefits 15 - - - - 15 Deferred income taxes 78 30 7 19 - 134 Deferred investment tax credit - - - - - - Other 30 40 1 - - 71 ------ ------ ------ ------ ------- ------ 123 70 8 19 - 220 ------ ------ ------ ------ ------- ------ Total Stockholders' Equity and Liabilities $2,681 $ 837 $ 58 $ 285 ($1,055) $2,806 ====== ====== ====== ====== ======= ======
(10) Represents Panhandle Eastern Pipe Line Company, Sea Robin Pipeline Company, CMS Panhandle Eastern Resources, Inc., CMS Panhandle Storage Company, Trunkline Field Services Company and CMS Trunkline Pipeline Holdings, Inc. consolidated. A-59 125 CMS FIELD SERVICES, INC. Consolidating Balance Sheet - Assets December 31, 2000 (In Millions)
CMS CMS/Okla CMS/Taurus CMS CMS CMS CMS 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 $ 8 $ 3 $ 52 $ 25 $ 50 $ 3 $ 73 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 8 3 52 25 50 3 73 Less accumulated depreciation, depletion and amortization 1 - 6 1 6 - 8 ------ ------ ------ ------ ------ ------ ------ 7 3 46 24 44 3 65 Construction work-in-progress 7 - 1 32 8 - - ------ ------ ------ ------ ------ ------ ------ 14 3 47 56 52 3 65 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies 272 - - - - - - Other 3 - - - - - - ------ ------ ------ ------ ------ ------ ------ 275 - - - - - - ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments (3) - - 1 - - - Accounts/notes receivable 117 - 7 - 23 1 7 Gas in underground storage - - - - - - - Materials and supplies 7 - - 1 - - - Deferred income taxes - - - - - - - Prepayments and other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 121 - 7 2 23 1 7 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - - - - Postretirement benefits - - - - - - - Other 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ 1 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total Assets $ 411 $ 3 $ 54 $ 58 $ 75 $ 4 $ 72 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-60 126 CMS FIELD SERVICES, INC. Consolidating Balance Sheet - Assets December 31, 2000 (In Millions) (Continued from Previous Page)
Cherokee Heritage Roaring CMS 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 $ 48 $ 10 $ 22 $ 5 $ 4 $ - $ 303 Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 48 10 22 5 4 - 303 Less accumulated depreciation, depletion and amortization 6 1 2 1 - - 32 ------ ------ ------ ------ ------ ------ ------ 42 9 20 4 4 - 271 Construction work-in-progress - - - - - - 48 ------ ------ ------ ------ ------ ------ ------ 42 9 20 4 4 - 319 ------ ------ ------ ------ ------ ------ ------ Investments Associated companies - - - - - (272) - Other - - - - - - 3 ------ ------ ------ ------ ------ ------ ------ - - - - - (272) 3 ------ ------ ------ ------ ------ ------ ------ Current Assets Cash and temporary cash investments - 1 - - - - (1) Accounts receivable 12 1 6 1 - - 175 Gas in underground storage - - - - - - - Materials and supplies - - - - - - 8 Deferred income taxes - - - - - - - Prepayments and other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 12 2 6 1 - - 182 ------ ------ ------ ------ ------ ------ ------ Non-current Assets Goodwill, net - - - - - - - Postretirement benefits - - - - - - - Other - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ - - - - - - 1 ------ ------ ------ ------ ------ ------ ------ Total Assets $ 54 $ 11 $ 26 $ 5 $ 4 $ (272) $ 505 ====== ====== ====== ====== ====== ====== ======
(11) Represents CMS Field Services, Inc. and CMS Spearman Gas Processing, LLC consolidated. A-61 127 CMS FIELD SERVICES, INC. Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions)
CMS CMS/Okla. CMS/Taurus CMS CMS CMS CMS 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 161 2 45 58 51 2 72 Currency translation - - - - - - - Retained earnings 14 1 5 (1) (2) 1 (3) ------ ------ ------ ------ ------ ------ ------ 175 3 50 57 49 3 69 Long-term debt 49 - - - - - - Non-current capital leases 2 - - - - - - ------ ------ ------ ------ ------ ------ ------ 226 3 50 57 49 3 69 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - - - - - - ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases 2 - - - - - - Notes payable 11 - - - - - - Accounts payable 121 - 4 1 26 1 3 Accounts payable - related parties 1 - - - - - - Accrued interest - - - - - - - Accrued taxes 2 - - - - - - Other 25 - - - - - - ------ ------ ------ ------ ------ ------ ------ 162 - 4 1 26 1 3 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes 23 - - - - - - Deferred investment tax credit - - - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ 23 - - - - - - ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 411 $ 3 $ 54 $ 58 $ 75 $ 4 $ 72 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-62 128 CMS FIELD SERVICES, INC. Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions) (Continued from Previous Page)
Cherokee Heritage Roaring CMS 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 30 10 19 4 4 (300) 158 Currency translation - - - - - - - Retained earnings 17 1 2 1 - - 36 ------ ------ ------ ------ ------ ------ ------ 47 11 21 5 4 (300) 194 Long-term debt - - - - - - 49 Non-current capital leases - - - - - - 2 ------ ------ ------ ------ ------ ------ ------ 47 11 21 5 4 (300) 245 ------ ------ ------ ------ ------ ------ ------ Minority Interests - - - - - 27 27 ------ ------ ------ ------ ------ ------ ------ Current Liabilities Current portion of long-term debt - - - - - - - Current capital leases - - - - - - 2 Notes payable - - 2 - - - 13 Accounts payable 7 - 3 - - 1 167 Accounts payable - related parties - - - - - - 1 Accrued interest - - - - - - - Accrued taxes - - - - - - 2 Other - - - - - - 25 ------ ------ ------ ------ ------ ------ ------ 7 - 5 - - 1 210 ------ ------ ------ ------ ------ ------ ------ Non-current Liabilities Postretirement benefits - - - - - - - Deferred income taxes - - - - - - 23 Deferred investment tax credit - - - - - - - Other - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - 23 ------ ------ ------ ------ ------ ------ ------ Total Stockholders' Equity and Liabilities $ 54 $ 11 $ 26 $ 5 $ 4 $ (272) $ 505 ====== ====== ====== ====== ====== ====== ======
(11) Represents CMS Field Services, Inc. and CMS Spearman Gas Processing, LLC consolidated. A-63 129 CMS OPERATING S.A Consolidating Balance Sheet - Assets December 31, 2000 (In Millions)
Centrales Inter- CMS CMS Termicas CMS company Operating Operating Mendoza Ensenada Elimina- S.A. S.A. (12) S.A. S.A. tions Consol. Plant and Property (At Cost) Independent power production $ 4 $ 218 $ 93 $ - $ 315 Less accumulated depreciation, depletion and amortization 1 36 15 - 52 ------ ------ ------ ------- ------ 3 182 78 - 263 Construction work-in-progress - 1 - - 1 ------ ------ ------ ------- ------ 3 183 78 - 264 ------ ------ ------ ------- ------ Investments Associated companies 284 - - (284) - Other 9 - - - 9 ------ ------ ------ ------- ------ 293 - - (284) 9 ------ ------ ------ ------- ------ Current Assets Cash and temporary cash investments 3 20 11 - 34 Accounts/notes receivable (3) 59 16 (1) 71 Materials and supplies - 9 - - 9 Deferred income taxes - - - - - Prepayments and other - - - - - ------ ------ ------ ------- ------ - 88 27 (1) 114 ------ ------ ------ ------- ------ Non-current Assets Postretirement benefits - 5 - - 5 Other 25 - 1 - 26 ------ ------ ------ ------- ------ 25 5 1 - 31 ------ ------ ------ ------- ------ Total Assets $ 321 $ 276 $ 106 $ (285) $ 418 ====== ====== ====== ======= ======
(12) Represents CMS Operating S.A. and Cuyana S.A. de Inversiones consolidated. A-64 130 CMS OPERATING S.A Consolidating Balance Sheet - Equity and Liabilities December 31, 2000 (In Millions)
Centrales Inter- CMS CMS Termicas CMS company Operating Operating Mendoza Ensenada Elimina- S.A. S.A. (12) S.A. S.A. tions Consol. Capitalization Common Stockholders' Equity Common stock $ 36 $ 36 $ - $ (36) $ 36 Other paid-in-capital 271 193 39 (232) 271 Revaluation capital - - - - - Retained earnings 11 19 - (18) 12 ------ ------ ------ ------- ------ 318 248 39 (286) 319 Long-term debt - - 52 - 52 Non-current capital leases - - - - - ------ ------ ------ ------- ------ 318 248 91 (286) 371 ------ ------ ------ ------- ------ Minority Interests - 11 - - 11 ------ ------ ------ ------- ------ Current Liabilities Current portion of long-term debt - - 7 - 7 Current capital leases - - - - - Notes payable - - - - - Accounts payable 1 6 5 2 14 Accounts payable - related parties 1 - - (1) - Accrued interest - - 1 - 1 Accrued taxes 1 9 (1) - 9 Other - (1) - - (1) ------ ------ ------ ------- ------ 3 14 12 1 30 ------ ------ ------ ------- ------ Non-current Liabilities Postretirement benefits - - - - - Deferred income taxes - 3 3 - 6 Deferred investment tax credit - - - - - Other - - - - - ------ ------ ------ ------- ------ - 3 3 - 6 ------ ------ ------ ------- ------ Total Stockholders' Equity and Liabilities $ 321 $ 276 $ 106 $ (285) $ 418 ====== ====== ====== ======= ======
(12) Represents CMS Operating S.A. and Cuyana S.A. de Inversiones consolidated. A-65 131 CMS ENERGY CORPORATION Consolidating Statement of Retained Earnings December 31, 2000 (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, 2000 $ (189) $ 485 $ (307) $ (178) $ (189) Consolidated Net Income (Loss) 102 304 20 (295) 131 Less Dividends Paid Common Stock 167 - - - 167 Preferred Stock - 2 5 (5) 2 Preferred Securities Dist. 59 34 - - 93 Associated Companies 7 247 193 (447) - ------ ------ ------ ------ ------ 233 283 198 (452) 262 ------ ------ ------ ------ ------ Balance at December 31, 2000 $ (320) $ 506 $ (485) $ (21) $ (320) ====== ====== ====== ====== ======
(1) Represents CMS Energy Corporation with Consumers Energy Company and CMS Enterprises Company included on the equity method of accounting. A-66 132 CONSUMERS ENERGY COMPANY Consolidating Statement of Retained Earnings December 31, 2000 (In Millions)
Michigan CMS Inter- Consumers Consumers Gas Midland CMS company Power Energy Storage Holdings Midland Elimina- Company Company (2) Company Company Inc. tions Consol. Balance at January 1, 2000 $ 485 $ 30 $ 22 $ 96 $ (148) $ 485 Net Income (Loss) 305 6 10 28 (45) 304 Less Dividends Paid Common Stock - - - - - - Preferred Stock 2 - - - - 2 Preferred Securities Dist. 34 - - - - 34 Associated Companies 248 - - - (1) 247 ------ ------ ------ ------ ------ ------ 284 - - - (1) 283 ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ 506 $ 36 $ 32 $ 124 $ (192) $ 506 ====== ====== ====== ====== ====== ======
(2) Represents Consumers Energy Company, CMS Engineering Company, Consumers EnergyGuard Services, Inc., Huron Hydrocarbons, Inc. and ES Services Company consolidated with Michigan Gas Storage Company, CMS Midland Holdings Company and CMS Midland, Inc. included on the equity method of accounting. A-67 133 CMS ENTERPRISES COMPANY Consolidating Statement of Retained Earnings December 31, 2000 (In Millions)
CMS CMS CMS CMS CMS Gas CMS Oil and Generation Resource Electric CMS Tran. Enterprises Gas Co. Company Dev. & Gas MS & T Company Company (3) Consol. Consol. Co. Company Company Consol. Balance at January 1, 2000 $ (309) $ 88 $ (66) $ 3 $ (33) $ 7 $ (37) Net Income (Loss) 22 51 (139) - 9 6 94 Less Dividends Paid Common Stock - - - - - - - Preferred Stock 5 - - - - - - Associated Companies 193 - 90 - 8 - 98 ------ ------ ------ ------ ------ ------ ------ 198 - 90 - 8 - 98 ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ (485) $ 139 $ (295) $ 3 $ (32) $ 13 $ (41) ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-68 134 CMS ENTERPRISES COMPANY Consolidating Statement of Retained Earnings December 31, 2000 (In Millions) (Continued from Previous Page)
CMS CMS Inter- CMS CMS Operating CMS Dist. company Enterprises Land S.A. Co. Capital Power Elimina- Company Company Consol. Corp. LLC tions Consol. Balance at January 1, 2000 $ (1) $ 6 $ 10 $ - $ 25 $ (307) Net Income (Loss) - 6 5 1 (35) 20 Less Dividends Paid Common Stock - - - - - - Preferred Stock - - - - - 5 Associated Companies - - - - (196) 193 ------ ------ ------ ------ ------ ------ - - - - (196) 198 ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ (1) $ 12 $ 15 $ 1 $ 186 $ (485) ====== ====== ====== ====== ====== ======
(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 Distributed Power LLC, CMS Operating S.A. Company, CMS Capital Corporation, CMS Marketing, Services and Trading Company, CMS Gas Transmission Company, CMS Resource Development Company and CMS Electric and Gas Company included on the equity method of accounting. A-69 135 CMS OIL AND GAS COMPANY Consolidating Statement of Retained Earnings December 31, 2000 (In Millions)
CMS CMS CMS CMS CMS CMS CMS Oil & Gas Oil & Gas Oil & Gas Oil & Gas Oil & Gas Oil & Gas Oil and Gas Congo Int'l. Ecuador Pipeline Venezuela E.G. Company (4) Ltd. Ltd. LDC Co. LDC LDC Balance at January 1, 2000 $ 93 $ 2 $ (28) $ (7) $ 1 $ - $ 2 Net Income (Loss) 50 3 39 7 - 12 1 Less Dividends Paid Common Stock - - - - - - - Associated Companies - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ 143 $ 5 $ 11 $ - $ 1 $ 12 $ 3 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-70 136 CMS OIL AND GAS COMPANY Consolidating Statement of Retained Earnings December 31, 2000 (In Millions) (Continued from Previous Page)
CMS CMS Explota- CMS Inter- CMS Oil & Gas Oil & Gas ciones CMS Terra Oil & Gas company Oil & Gas E.G. Alba Oil & Gas Energy Interna. Elimina- Company Ltd. LDC Co. Ltd. Co. Consol. tions Consol. Balance at January 1, 2000 $ 14 $ 2 $ (31) $ (2) $ 19 $ 23 $ 88 Net Income (Loss) 18 3 4 2 13 (101) 51 Less Dividends Paid Common Stock - - - - - - - Associated Companies - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ 32 $ 5 $ (27) $ - $ 32 $ (78) $ 139 ====== ====== ====== ====== ====== ====== ======
(4) Represents CMS Oil and Gas Company consolidated with CMS Oil and Gas International Company included on the equity method of accounting. A-71 137 CMS OIL AND GAS INTERNATIONAL COMPANY Consolidating Statement of Retained Earnings December 31, 2000 (In Millions)
CMS CMS NOMECO CMS Oil & CMS Inter- CMS Oil & Gas Int'l Gas Int'l Gas & Oil company Oil & Gas Int'l Congo Hld., Tunisia, Cameroon, Elimina- Int'l. Co. Co. (5) Inc. Inc. Inc. tions Consol. Balance at January 1, 2000 $ 13 $ 17 $ 4 $ (1) $ (14) $ 19 Net Income (Loss) 12 6 8 - (13) 13 Less Dividends Paid Common Stock - - - - - - Associated Companies - - - - - - ------ ------ ------ ------ ------ ------ - - - - - - ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ 25 $ 23 $ 12 $ (1) $ (27) $ 32 ====== ====== ====== ====== ====== ======
(5) Represents CMS Oil and Gas International Company and CMS Oil and Gas International Transportation Company consolidated. A-72 138 CMS GENERATION COMPANY Consolidating Statement of Retained Earnings December 31, 2000 (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, 2000 $ (65) $ 16 $ 6 $ (4) $ (4) $ 1 $ - Net Income (Loss) (139) - 3 - - 1 1 Less Dividends Paid Common Stock - - - - - - - Associated Companies 90 5 1 - 2 - - ------ ------ ------ ------ ------ ------ ------ 90 5 1 - 2 - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ (294) $ 11 $ 8 $ (4) $ (6) $ 2 $ 1 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-73 139 CMS GENERATION COMPANY Consolidating Statement of Retained Earnings December 31, 2000 (In Millions) (Continued from Previous Page)
Dearborn CMS CMSG CMSG HYDRA-CO Indust. CMS CMSG Int'l. Inv Co. Michigan Enter- Generation Generation Recycling Operating I Power prises LLC S.A. Company Co. Consol. LLC Consol. Balance at January 1, 2000 $ 7 $ (5) $ (1) $ 5 $ 107 $ - $ (117) Net Income (Loss) - (1) - 2 (275) 8 34 Less Dividends Paid Common Stock - - - - - - - Associated Companies - - - - - 7 69 ------ ------ ------ ------ ------ ------ ------ - - - - - 7 69 ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ 7 $ (6) $ (1) $ 7 $ (168) $ 1 $ (152) ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-74 140 CMS GENERATION COMPANY Consolidating Statement of Retained Earnings December 31, 2000 (In Millions) (Continued from Previous Page)
CMS Oxford Inter- CMS CMSG CMSG Generation CMS company Generation Holdings Altoona Inv. Co. Development Elimina- Company Company Company III L.P. tions Consol. Balance at January 1, 2000 $ (6) $ 5 $ 5 $ (33) $ 17 $ (66) Net Income (Loss) - 1 1 1 224 (139) Less Dividends Paid Common Stock - - - - - - Associated Companies 6 - 4 - (94) 90 ------ ------ ------ ------ ------ ------ 6 - 4 - (94) 90 ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ (12) $ 6 $ 2 $ (32) $ 335 $ (295) ====== ====== ====== ====== ====== ======
(6) Represents CMS Generation Company, CMSG Filer City Operating Company, CMSG Mon Valley Company, CMSG Genesee Company, CMSG Lyonsdale Company, CMSG Chateaugay Company, Mid-Michigan Recycling LLC, CMSG Montreal Company, CMS Centrales Termicas S.A. and Taweelah A2 Operating Company consolidated with HYDRA-CO Enterprises, Inc. and CMSG Investment Company I included on the equity method of accounting. A-75 141 HYDRA-CO ENTERPRISES, INC. Consolidating Statement of Retained Earnings December 31, 2000 (In Millions)
HYDRA-CO CMS New HCE Enter- HCE Generation Bern Lakewood CMSG Imperial prises, Hudson, Oper. Co. Project Cogen. Stratton Valley Inc. (7) Inc. II Mgt. Inc. L.P. Co. Inc. Balance at January 1, 2000 $ (112) $ 4 $ - $ 1 $ (3) $ (15) $ (2) Net Income (Loss) 30 3 1 - 3 - - Less Dividends Paid Common Stock - - - - - - - Associated Companies 69 1 2 - - 3 - ------ ------ ------ ------ ------ ------ ------ 69 1 2 - - 3 - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ (151) $ 6 $ (1) $ 1 $ - $ (18) $ (2) ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-76 142 HYDRA-CO ENTERPRISES, INC. Consolidating Statement of Retained Earnings December 31, 2000 (In Millions) (Continued from Previous Page)
HCE Inter- HYDRO-CO Rockport company Enter- Diesel Elimina- prises Inc. tions Consol. Balance at January 1, 2000 $ 2 $ 8 $ (117) Net Income (Loss) 2 (5) 34 Less Dividends Paid Common Stock - - - Associated Companies 4 (10) 69 ------ ------ ------ 4 (10) 69 ------ ------ ------ Balance at December 31, 2000 $ - $ 13 $ (152) ====== ====== ======
(7) Represents HYDRA-CO Enterprises, Inc., HCE-Appomattox, Inc., HCE-Biopower, Inc., HCE-Jamaica Development, Inc. and HCE-Lakewood, Inc. consolidated. A-77 143 CMS GENERATION INVESTMENT COMPANY I Consolidating Statement of Retained Earnings December 31, 2000 (In Millions)
CMSG CMSG Jorf Jorf CMSG CMSG CMSG Loy Yang Loy Yang Lasfar Lasfar Inv. Co. Pinamucan Cebu Holdings Holdings Handels- Energia- I (8) LDC LDC 1 Ltd. 2 Ltd. bolag HB ktiebolag Balance at January 1, 2000 $ 104 $ (5) $ 5 $ (40) $ (41) $ 1 $ 44 Net Income (Loss) (272) - 2 (175) (178) 2 29 Less Dividends Paid Common Stock - - - - - - - Associated Companies - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ (168) $ (5) $ 7 $ (215) $ (219) $ 3 $ 73 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-78 144 CMS GENERATION INVESTMENT COMPANY I Consolidating Statement of Retained Earnings December 31, 2000 (In Millions) (Continued from Previous Page)
Jorf CMSG CMS Inter- CMSG Lasfar Jorf CMSG Takoradi company Investment PE Lasfar Taweelah Invest Monetize Elimina- Co. I Aktie. I/II LDC Ltd. Company Limited tions Consol. Balance at January 1, 2000 $ 41 $ (2) $ 4 $ - $ 5 $ (9) $ 107 Net Income (Loss) 27 2 (3) 10 6 275 (275) Less Dividends Paid Common Stock - - - - - - - Associated Companies - - - - 4 (4) - ------ ------ ------ ------ ------ ------ ------ - - - - 4 (4) - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ 68 $ - $ 1 $ 10 $ 7 $ 270 $ (168) ====== ====== ====== ====== ====== ====== ======
(8) Represents CMSG Investment Company I, CMSG Investment Company II, CMSG Investment Company IV, CMSG Jegurupadu I LDC and CMSG Jegurupadu II LDC consolidated. A-79 145 CMS GAS TRANSMISSION COMPANY Consolidating Statement of Retained Earnings December 31, 2000 (In Millions)
CMS CMS CMS CMS Grand CMS Gas CMS Saginaw Gas Saginaw Jackson Lacs Transmission Antrim Bay Argentina Bay Lat. Pipeline Limited Company (9) Company Company Company Company Company Part. Balance at January 1, 2000 $ (36) $ - $ (1) $ 35 $ (2) $ - $ 5 Net Income (Loss) 94 3 - 11 - 1 1 Less Dividends Paid Common Stock - - - - - - - Associated Companies 98 3 - 4 1 1 - ------ ------ ------ ------ ------ ------ ------ 98 3 - 4 1 1 - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ (40) $ - $ (1) $ 42 $ (3) $ - $ 6 ====== ====== ====== ====== ====== ====== ======
(Continued on Following Page) A-80 146 CMS GAS TRANSMISSION COMPANY Consolidating Statement of Retained Earnings December 31, 2000 (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. Hold. Co. Co. Consol. Company Company Ltd. Balance at January 1, 2000 $ 2 $ 31 $ 15 $ - $ (2) $ (3) $ 1 Net Income (Loss) 2 5 2 64 2 - 4 Less Dividends Paid Common Stock - - - - - - - Associated Companies 6 - - 70 6 - - ------ ------ ------ ------ ------ ------ ------ 6 - - 70 6 - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ (2) $ 36 $ 17 $ (6) $ (6) $ (3) $ 5 ====== ====== ====== ====== ====== ====== ======
(Continued on following Page) A-81 147 CMS GAS TRANSMISSION COMPANY Consolidating Statement of Retained Earnings December 31, 2000 (In Millions) (Continued from Previous Page)
Inter- CMS Gas Company Trans. Elimina- Company tions Consol. Balance at January 1, 2000 $ (82) $ (37) Net Income (Loss) (95) 94 Less Dividends Paid Common Stock - - Associated Companies (91) 98 ------ ------ (91) 98 ------ ------ Balance at December 31, 2000 $ (86) $ (41) ====== ======
(9) Represents CMS Gas Transmission Company, Tristate Pipeline LLC and Western Australia Gas Transmission Company I consolidated with CMS Field Services, Inc. and Panhandle Eastern Pipe Line Company included on the equity method of accounting. A-82 148 PANHANDLE EASTERN PIPE LINE COMPANY Consolidating Statement of Retained Earnings December 31, 2000 (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. Balance at January 1, 2000 $ 1 $ 107 $ 2 $ 52 $ (162) $ - Net Income (Loss) 64 22 14 17 (53) 64 Less Dividends Paid Common Stock - - - - - - Associated Companies 70 9 28 94 (131) 70 ------ ------ ------ ------ ------ ------ 70 9 28 94 (131) 70 ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ (5) $ 120 $ (12) $ (25) $ (84) $ (6) ====== ====== ====== ====== ====== ======
(10) Represents Panhandle Eastern Pipe Line Company, Sea Robin Pipeline Company, CMS Panhandle Eastern Resources, Inc., CMS Panhandle Storage Company, Trunkline Field Services Company and CMS Trunkline Pipeline Holdings, Inc. consolidated. A-83 149 CMS FIELD SERVICES, INC. Consolidating Statement of Retained Earnings December 31, 2000 (In Millions)
CMS CMS CMS CMS Cherokee Heritage CMS/Taurus Field Gas Laverne Nat. Gas Gas Gas Holdings Services, Processing Gas Proc. Gathering Processing Gathering Company, Inc. (11) LLC LLC LLC LLC LLC Inc. Balance at January 1, 2000 $ 21 $ - $ - $ (2) $ 11 $ 1 $ - Net Income (Loss) (7) (1) 1 (1) 6 1 5 Less Dividends Paid Common Stock - - - - - - - Associated Companies - - - - - - - ------ ------ ------ ------ ------ ------ ------ - - - - - - - ------ ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ 14 $ (1) $ 1 $ (3) $ 17 $ 2 $ 5 ====== ====== ====== ====== ====== ====== ======
(Continued on following Page) A-84 150 CMS FIELD SERVICES, INC. Consolidating Statement of Retained Earnings December 31, 2000 (In Millions) (Continued from Previous Page)
CMS/Okla CMS Roaring Inter- CMS Nat. Gas Gas Bradshaw Creek Company Field Gathering Processing Energy Gas Svcs. Elimina- Services LLC LLC LLC LLC tions Inc. Cons. Balance at January 1, 2000 $ 1 $ (2) $ - $ 1 $ - $ 31 Net Income (Loss) - - 1 - - 5 Less Dividends Paid Common Stock - - - - - - Associated Companies - - - - - - ------ ------ ------ ------ ------ ------ - - - - - - ------ ------ ------ ------ ------ ------ Balance at December 31, 2000 $ 1 $ (2) $ 1 $ 1 $ - $ 36 ====== ====== ====== ====== ====== ======
(11) Represents CMS Field Services, Inc., CMS Spearman Gas Processing LLC and CMS Hydrocarbons, LLC consolidated. A-85 151 CMS CENTRALES TERMICAS S.A. Consolidating Statement of Retained Earnings December 31, 2000 (In Millions)
Centrales Inter- CMS CMS Termicas CMS company Operating Operating Mendoza Ensenada Elimina- S.A. S.A.(12) S.A. S.A. tions Consol. Balance at January 1, 2000 $ 6 $ 7 $ (1) $ (6) $ 6 Net Income 5 12 1 (12) 6 Less Dividends Paid Common Stock - - - - - Associated Companies - - - - - ------ ------ ------ ------ ------ - - - - - ------ ------ ------ ------ ------ Balance at December 31, 2000 $ 11 $ 19 $ - $ (18) $ 12 ====== ====== ====== ====== ======
(12) Represents CMS Operating S.A. and Cuyana S.A. de Inversiones consolidated. A-86 152 EXHIBIT B An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. EXEMPT WHOLESALE GENERATORS 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. B-1 153 An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. CMS DISTRIBUTED POWER, L.L.C. (CDP) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Distributed Power, L.L.C. CMS Distributed Power, L.L.C., the EWG, is 100% owned by CMS Enterprises Company, which is a wholly owned subsidiary of CMS Energy Corporation. B-2 154 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. 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. B-3 155 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. B-4 156 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. B-5 157 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. B-6 158 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. B-7 159 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. B-8 160 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 * * * * CMS Energy Mauritius * * 49% * * GMR Vasavi Power Corporation Private Limited CMS Energy Mauritius, a wholly owned subsidiary of CMS Generation Investment Company I, owns 49% of GMR Vasavi Power Corporation Private Limited, the EWG. B-9 161 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. B-10 162 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. B-11 163 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. B-12 164 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 Investment Co IV / \ / \ CMS Generation Investment Co. I CMS Generation Investment Co. II * 99% 99% * * 1% * 1% * * * * * * * * * * * * CMS Generation Jegurupadu I CMS Generation Jegurupadu II Limited Duration Company Limited Duration Company * * 50% * * 50% Jegurupadu O&M Company Mauritius * * 60% * Jegurupadu Operating and Maintenance Company 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. B-13 165 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 50% by CMS Generation Jorf Lasfar II Limited Duration Company, own 2%, 25% and 23%, respectively, of Jorf Lasfar Energy Company SCA, the EWG. B-14 166 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 Co. Ltd. CMS Generation Co. owns 100% of CMS Generation Investment Co. I, which owns 66.24% of National Power Supply Co. Ltd., the EWG. B-15 167 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. B-16 168 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. B-17 169 An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. FOREIGN UTILITY COMPANIES 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. B-18 170 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 OPERATING S.A. CMS Energy Corporation owns, CMS Enterprises Company, which owns CMS Operating S.A. B-19 171 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. (CSPE) 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.* * * CMS Distribuidora, Ltda. * * 99.99% CMS Participacues Ltda. * * 99.99% CPEE * * * 81.22% * CSPE * * * * *****Jaguari * * ****Mococa*** CPEE, the foreign utility company, is owned 99.99% by CMS Participacues Ltda, which is owned 99.99% by CMS Distribuidora, Ltd., a wholly owned subsidiary of Financial Joint Venture, LLC. CSPE, the foreign utility company, is owned 81.22% by CPEE. Jaguari, the foreign utility company, is owned 100% by CSPE Mococo. Mococo, the foreign utility, is owned 100% by Jaguari. B-20 172 An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. EMIRATES CMS POWER COMPANY CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Investment Company I * * * CMS Generation Investment Company VI * * * CMS Generation Investment Company VII * * * CMS Generation Taweelah Limited * * * 40% Emirates CMS Power Company Emirates CMS Power Company, the foreign utility company, is owned 40% by CMS Generation Taweelah Limited. B-21 173 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 | * | * 51% | 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 51% 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. B-22 174 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 * 60% | * | Consulting Agreement ENELMAR, S.A. | dated Nov. 25, 1998 * |(Effective Jan. 1, 1999) * 70% | * | SENECA--------| CMS Electric and Gas, owns 60% of ENELMAR, S.A., which owns 70% of SENECA, the foreign utility company. B-23 175 An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. TAWEELAH A2 OPERATING COMPANY (Taweelah) CMS Energy Corporation * * * CMS Enterprises Company * * * CMS Generation Company * * * Taweelah A2 Operating Company CMS Generation Company 100% of owns Taweelah A2 Operating Company. B-24