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CMS ENERGY ANNOUNCES SECOND-QUARTER EARNINGS

 CMS ENERGY ANNOUNCES SECOND-QUARTER EARNINGS
 DEARBORN, Mich., July 30 /PRNewswire/ -- CMS Energy Corporation


(NYSE: CMS) today announced net income of $14 million, or 17 cents per share, in the second quarter of 1992, compared to $31 million or 38 cents per share in the second quarter of 1991.
 For the first six months of 1992, net income was $65 million or 81 cents per share, compared to a loss of $176 million or $2.19 per share in 1991.
 Second-quarter utility operating results continue to reflect the negative impact of the undercollection from its electric customers of capacity rates being paid by Consumers Power for power purchased from the Midland Cogeneration Venture (MCV).
 Operating revenue for the quarter was $664 million compared with $643 million in the second quarter 1991. Year-to-date operating revenue was $1.63 billion compared to $1.62 billion in 1991.
 Electric sales for the quarter were 7.4 billion kilowatt hours (Kwh), down about 2.5 percent from 1991 due to cooler than normal weather. However, industrial electric sales were up 2.4 percent -- to 2.8 billion Kwh from the same quarter in 1991 -- while residential sales were down 7 percent and commercial sales were off 4 percent.
 Natural gas deliveries for the quarter increased 19 percent. Residential and commercial sales were up 25 percent and 23 percent respectively, benefiting from the cooler weather, while industrial sales declined 6 percent over the same quarter in 1991.
 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.
 CMS ENERGY CORPORATION
 Digest of Consolidated Earnings
 (Millions, except per-share amounts)
 1992 1991
 Three Months Ended June 30 (Unaudited)
 Operating revenue $664 $643
 Net income $14 $31
 Average number of common shares outstanding 79.8 79.9
 Earnings per average common share $.17 $.38
 Dividends declared per common share $.12 $.12
 Six Months Ended June 30 (Unaudited)
 Operating revenue $1,631 $1,624
 Net income (loss) $65 ($176)
 Average number of common shares outstanding 79.8 80.2
 Earnings (loss) per average common share $.81 ($2.19)
 Dividends declared per common share $.24 $.24
 12 Months Ended June 30 (Unaudited)
 Operating revenue $2,977 $3,109
 Net income (loss) ($35) ($817)
 Average number of common shares outstanding 79.8 80.6
 Earnings (loss) per average common share ($.44) ($10.12)
 Dividends declared per common share $.48 $.46
 In the opinion of management, the above unaudited amounts reflect all adjustments necessary to assure the fair presentation of the results of operations for the periods presented.
 -0- 7/30/92
 /CONTACT: Michael J. Brogan of CMS Energy Corporation, 313-436-9253/
 (CMS) CO: CMS Energy Corporation ST: Michigan IN: UTI OIL SU: ERN


JG-KR -- DE008 -- 5063 07/30/92 11:41 EDT
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Date:Jul 30, 1992
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