-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Qj1oIHCTLqq1Z3Jr3SCAnrjW0RE03R3sTuiKRW5vgzMIhzcHFaZZPSpO77+Hhq3O XzfsoUN83gVO+MM+xyZAAQ== 0000950124-01-502322.txt : 20010713 0000950124-01-502322.hdr.sgml : 20010713 ACCESSION NUMBER: 0000950124-01-502322 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010712 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010712 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CMS ENERGY CORP CENTRAL INDEX KEY: 0000811156 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 382726431 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-09513 FILM NUMBER: 1680135 BUSINESS ADDRESS: STREET 1: FAIRLANE PLZ S STE 1100 STREET 2: 330 TOWN CENTER DR CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 3134369261 MAIL ADDRESS: STREET 1: FAIRLANE PLAZA SOUTH, SUITE 1100 STREET 2: 330 TOWN CENTER DRIVE CITY: DEARBORN STATE: MI ZIP: 48126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONSUMERS ENERGY CO CENTRAL INDEX KEY: 0000201533 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 380442310 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-05611 FILM NUMBER: 1680136 BUSINESS ADDRESS: STREET 1: 212 W MICHIGAN AVE CITY: JACKSON STATE: MI ZIP: 49201 BUSINESS PHONE: 5177881030 MAIL ADDRESS: STREET 1: 212 W MICHIGAN AVE STREET 2: M 946 CITY: JACKSON STATE: MI ZIP: 49201 FORMER COMPANY: FORMER CONFORMED NAME: CONSUMERS POWER CO DATE OF NAME CHANGE: 19920703 8-K 1 k63773e8-k.txt FORM 8-K 1 ================================================================================ FORM 8-K CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) JULY 12, 2001
COMMISSION REGISTRANT; STATE OF INCORPORATION; IRS EMPLOYER FILE NUMBER ADDRESS; AND TELEPHONE NUMBER IDENTIFICATION NO - ----------- ----------------------------- ----------------- 1-9513 CMS ENERGY CORPORATION 38-2726431 (A MICHIGAN CORPORATION) FAIRLANE PLAZA SOUTH, SUITE 1100 330 TOWN CENTER DRIVE DEARBORN, MICHIGAN 48126 (313) 436-9261 1-5611 CONSUMERS ENERGY COMPANY 38-0442310 (A MICHIGAN CORPORATION) 212 WEST MICHIGAN AVENUE JACKSON, MICHIGAN (517) 788-1030
================================================================================ 2 ITEM 5. OTHER EVENTS. FIRST CALL RELEASE On July 12, 2001, CMS Energy Corporation issued a First Call release in which it discussed an application which its principal subsidiary, Consumers Energy Company, filed with the Michigan Public Service Commission seeking Consumers' first gas service rate increase in 17 years. A copy of the CMS Energy First Call release is filed as an exhibit to this report and is incorporated herein by reference. The First Call release contains "forward-looking statements" that are subject to risks and uncertainties. They should be read in conjunction with the "Forward-Looking Statement Cautionary Factors" in CMS Energy's and Consumers' Form 10-K, Item 1 (incorporated by reference herein) that discusses important factors that could cause CMS Energy's and Consumers' results to differ materially from those anticipated in such statements. ITEM 7. EXHIBITS. (c) Exhibits: 99(a) CMS Energy Corporation First Call release dated July 12, 2001. 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. CMS ENERGY CORPORATION Dated: July 12, 2001 By: /s/ Thomas A. McNish -------------------------------------- Thomas A. McNish Vice President and Secretary CONSUMERS ENERGY COMPANY Dated: July 12, 2001 By: /s/ Thomas A. McNish -------------------------------------- Thomas A. McNish Vice President and Secretary 4 INDEX TO EXHIBITS EXHIBIT NO. DESCRIPTION - ----------- ----------- (c) Exhibits: 99(a) CMS Energy Corporation First Call release dated July 12, 2001. EX-99.(A) 2 k63773ex99-a.txt FIRST CALL RELEASE DATED JULY 12, 2001 1 [CMS ENERGY LOGO] TO: Investment Community FROM: CMS Energy Investor Relations Ph: 517-788-2590; Fx: 517-788-1006 DATE: July 12, 2001 http://www.cmsenergy.com SUBJECT: GAS RATE CASE AND PURCHASED GAS AGREEMENT - -------------------------------------------------------------------------------- On June 29, 2001, Consumers Energy filed an application with the Michigan Public Service Commission seeking its first gas service rate increase in 17 years. If approved, the request would add about $6.50 per month, or about 10%, to the typical residential customers average monthly bill. Consumers is seeking a 12.25% authorized return on equity along with a $140 million revenue deficiency as detailed below. Contemporaneously with this filing, Consumers Energy has requested partial and immediate relief in the amount of $34.5 million.
ITEM $ MILLIONS EXPLANATION - ---------------------------------------- ----------------- -------------------------------------------------------- 1. Rate Base $59 Carrying cost of increased gas inventory: $36. Return on new investment added since 1994, primarily distribution plant to serve new customers: $23. 2. O&M 55 New or increased customer related expense: $24. Safety, regulatory, employee benefits and system reliability: $31. 3. Book Depreciation 45 New investment since 1994, primarily distribution plant to serve new customers and new book depreciation rates. 4. Cost of Money 8 Higher equity capitalization: $5. Higher return on equity (12.25% v 11.6%): $4. Lower debt cost: $(1). 5. Miscellaneous Revenues (30) Appliance Service Plan, Wholesale Services and other fees. 6. Other (5) Lower real and personal property taxes, MSBT and federal income tax. 7. Michigan Gas Storage Roll-in 8 8. Total Base Rate Increase $140
FINANCIAL CAPITAL STRUCTURE PRE-TAX 13-MONTH AVERAGE PERCENT OF TOTAL ANNUAL COST WEIGHTED COSTS - --------------------------------------- -------------------- ----------------------- --------------------------- Long Term Debt 43.12% 6.76% 2.91% Short Term Debt 5.81 7.20 0.42 Preferred Stock 9.38 8.58 0.80 Common Equity 41.69 12.25 5.11 -------------------- --------------------------- 100.00% 9.24%*
*Equivalent to 11.03% rate-making basis. Gas Rate Case U-13000 can be accessed at the Michigan Public Service Commission's website. http://efile.mpsc.cis.state.mi.us/efile/gas.html -----END PRIVACY-ENHANCED MESSAGE-----