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CMS CHAIRMAN, CEO STATEMENT ON PROPOSED FEDERAL ENERGY TAX

 DEARBORN, Mich., Feb. 18 /PRNewswire/ -- Following is a statement by William T. McCormick Jr., chairman of the CMS Energy Corporation (NYSE: CMS) and of the Consumers Power Company, regarding a proposed federal energy tax.
 "The Clinton administration's proposed broad-based energy tax is ill-advised public policy because it is discriminatory and because it will erode America's ability to compete in the global marketplace.
 "The proposed tax is unfair to low- and fixed-income families who will be forced to spend a greater share of their income for essential services of heat and light and who, in some instances, could be faced with the choice of "heat or eat."
 "The tax proposal would also increase business costs and decrease America's competitiveness in world markets, since the price of American export products would rise. The impact of a tax upon heavy manufacturing states like Michigan -- which is also the nation's fourth- largest exporting state -- would be especially dramatic and would aversely affect U.S. businesses and jobs.
 "Maintaining and improving exports should be a key goal for the nation, since higher exports will help pay down the deficit and create new jobs. The proposed energy tax is a serious impediment to this goal."
 CMS Energy Corporation is a $3 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 combination electric and gas utility.
 -0- 2/18/93
 /CONTACT: Michael J. Brogan of CMS Energy Corporation, 313-436-9253/
 (CMS)


CO: CMS Energy Corporation ST: Michigan IN: UTI SU:

DH -- DE008 -- 7754 02/18/93 09:57 EST
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Publication:PR Newswire
Date:Feb 18, 1993
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