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LATIN AMERICAN INVESTMENT FUND FORMED

 DEARBORN, Mich., June 10 /PRNewswire/ -- CMS Energy Corporation's (NYSE: CMS) independent power subsidiary, CMS Generation Co., the International Finance Corporation -- an affiliate of the World Bank -- and NRG Energy, Inc., today jointly announced the formation of the Scudder Latin American Trust for Independent Power which will be managed by Scudder, Stevens & Clark, Inc., of New York City.
 The fund will have an initial size of $75 million, with the three parties acting as investors in the fund with commitments of $25 million each. It is hoped that the fund will ultimately reach a size of $500 million.
 The fund will invest in electric generating facilities and the electric infrastructure resulting from the development of new power generating capacity. It will also invest in the privatization of existing power plants taking place in Latin America and the Caribbean. CMS Generation, as well as the International Finance Corporation and NRG Energy, Inc. will also act as advisors to the fund.
 The fund will not act as a principal sponsor or developer of projects, but instead will provide capital for power plant and related investments being made by other qualified parties.
 CMS Generation Co., one of America's top five independent power producers, is a wholly-owned subsidiary of CMS Energy Corporation, a $3.1 billion (sales) diversified energy company with businesses engaged in the distribution of electricity and natural gas, interstate storage and transmission of natural gas, oil and gas exploration and production, independent power generation and utility services. CMS Energy Corporation's principal subsidiary is Consumers Power Company, Michigan's largest utility and the nation's fourth largest gas and electric utility.
 International Finance Corporation (IFC) based in Washington, is an affiliate organization of the World Bank. The IFC's function is to assist the economic development of underdeveloped countries by promoting the private sector growth and investment.
 NRG Energy, Inc. (NRG), based in Minneapolis, is a wholly owned subsidiary of Northern States Power Company (NYSE: NSP) one of the leading utilities in the U.S. with $2.2 billion in annual revenues and $4.75 billion dollars in assets. NRG is an umbrella corporation for unregulated energy-related businesses on a world-wide basis and consists of the following core business: Independent Power Production, full service material and energy recovery from solid waste, the production of steam energy and related services, and fuel enhancement technologies.
 Scudder, Stevens & Clark, Inc. is a leading global investment manager with offices located throughout the United States and subsidiaries in London and Tokyo. Scudder and its affiliates have in excess of $70 billion in assets under their supervision, of which approximately $1.5 billion is invested in Latin American debt and equity securities.
 -0- 6/10/93
 /CONTACT: Michael J. Brogan of CMS Energy, 313-436-9253/
 (CMS NSP)


CO: CMS Energy Corporation; NRG Energy, Inc.;
 International Finance Corporation ST: Michigan IN: OIL UTI SU:


KE-MI -- DE036 -- 0874 06/10/93 18:19 EST
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Publication:PR Newswire
Date:Jun 10, 1993
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