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CMS ENERGY CLOSES FINANCING ON GENESEE POWER STATION

 DEARBORN, Mich., Jan. 5 /PRNewswire/ -- CMS Energy Corporation's (NYSE: CMS) independent power unit, CMS Generation Co., today announced that the Genesee Power Station Limited Partnership has closed financing on a 35-megawatt waste wood-fueled power plant to be constructed in Genesee Township, near Flint, Mich.
 Financing for the project was closed Dec. 30, 1993, with issuance of $72 million of solid waste disposal tax-exempt revenue bonds underwritten by the First National Bank of Chicago and secured with a letter of credit by the Canadian Imperial Bank of Commerce. The balance of the project's $90 million approximate cost will be provided by the project partners.
 The Michigan Department of Natural Resources issued a final air use permit for the project Dec. 29, 1993. Preliminary site work for the plant, in Genesee Township's Dort-Carpenter Industrial Park, will begin in February. Construction is scheduled to be completed by Spring 1996.
 The Genesee Power Station will sell its entire electric output to Consumers Power Company under a long term contract. The plant will be fueled with up to 175,000 tons per year of recycled waste wood from tree trimmings and land clearing, wooden pallets and other industrial wood waste, and high quality wood waste from the construction and demolition industry.
 The Genesee Power Station is 50 percent owned and will be operated by CMS Generation Co. Black & Veatch Power Development Corporation of Kansas City, Mo., and Genesee Power Co. of Saginaw hold the remaining 50 percent ownership in the project. Black & Veatch Power Development Corp. is a subsidiary of Black & Veatch, an internationally known engineering/construction firm, and one of the world's leading designers of power plants. Genesee Power is a developer and owner of power projects.
 CMS Generation Co. is the independent power production unit of CMS Energy Corporation. CMS is one of the nation's top five independent power producers with interests in 3570 megawatts from ten operating power plants in the United States and South America. CMS Energy was the lead developer of the Midland Cogeneration Venture (MCV), a 1,370 megawatt cogeneration facility in Midland, Mich., the largest such project in operation in North America.
 CMS Energy Corporation is a $3.4 billion (sales) diversified energy company with businesses engaged in electric and natural gas utility operations; independent power production; interstate storage, transmission and marketing of natural gas; oil and gas exploration and production, 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.
 -0- 1/5/94
 /CONTACT: Kelly M. Farr of CMS Energy Corporate Communications, 313-436-9253/
 (CMS)


CO: CMS Energy Corporation; CMS Generation Co. ST: Michigan IN: UTI SU:

ML -- DE008 -- 9199 01/05/94 08:48 EST
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Publication:PR Newswire
Date:Jan 5, 1994
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