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CMS ENERGY CORPORATION REPORTS EARNINGS

 CMS ENERGY CORPORATION REPORTS EARNINGS
 DEARBORN, Mich., March 9 /PRNewswire/ -- CMS Energy Corporation


(NYSE: CMS), the parent firm of Consumers Power Company, today reported a net loss of $276 million or $3.44 per share in 1991. The loss was due principally to a $294 million after-tax writedown related to the final regulatory order issued in 1991 on Consumers Power's abandoned Midland nuclear plant. The other major factors negatively impacting earnings were the underrecovery in Consumers Power's rates of the cost of electric power purchased from the Midland Cogeneration Venture (MCV) and regulatory orders in May and July 1991, lowering electric rates by $73 million annually.
 The 1991 results compare to a loss of $494 million or $6.07 per share in 1990 due principally to $745 million of Midland-related after-tax writedowns and reserves.
 CMS Energy said it does not expect any further Midland-related writedowns and added that, if approved by the Michigan Public Service Commission (MPSC), a comprehensive agreement reached last week between Consumers, the MPSC staff and the Association of Businesses Advocating Tariff Equity (ABATE) would eliminate any future underrecovery in rates for electric power purchased from the MCV by Consumers Power.
 The 1991 results were aided by record-setting electric sales and increased gas deliveries by Consumers Power.
 Electric sales for the year were a record 30.7 billion kilowatt- hours, a 3.4-percent increase over record-setting 1990 levels. These higher sales were due to colder winter and warmer summer weather and a 1.4-percent increase in total customers as well as increased usage per customer. Total gas deliveries increased 1.8 percent to 339 billion cubic feet.
 CMS's oil and gas exploration unit, NOMECO, increased its net income by 23 percent to $10 million for 1991 in the face of lower gas and oil prices and lower sales volumes for oil.
 In addition to disclosing earnings for the year, CMS Energy reported that its Consumers Power Company unit plans to effect a quasi- reorganization by eliminating its accumulated retained earnings deficit of $319 million against other paid-in capital effective Jan. 1, 1992.
 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, Consumers Power Company, is Michigan's largest utility and the nation's fourth- largest combination electric and gas utility.
 CMS ENERGY CORPORATION
 Digest of Consolidated Earnings
 (Thousands, except per-share amounts)
 Three months ended Dec. 31 (unaudited) 1991 1990
 Operating revenue $715,546 $849,977
 Net (loss) before extraordinary item ($114,193) ($604,203)
 Extraordinary item ($14,268) ---
 Net (loss) after extraordinary item ($128,461) ($604,203)
 Average no. of common shares outstanding 79,814 80,775
 (Loss) per average common share
 before extraordinary item ($1.43) ($7.48)
 (Loss) per average common share
 from extraordinary item ($.18) ---
 (Loss) per average common share ($1.61) ($7.48)
 Dividends declared per common share $.12 $.12
 12 months ended Dec. 31 (unaudited)
 Operating revenue $2,940,949 $2,976,689
 Net (loss) before extraordinary item ($261,285) ($493,641)
 Extraordinary item ($14,268) ---
 Net (loss) after extraordinary item ($275,553) ($493,641)
 Average no. of common shares outstanding 79,988 81,339
 (Loss) per average common share
 before extraordinary item ($3.26) ($6.07)
 (Loss) per average common share
 from extraordinary item ($.18) ---
 (Loss) per average common share ($3.44) ($6.07)
 Dividends declared per common share $.48 $.42
 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- 3/9/92
 /CONTACT: Michael J. Brogan of CMS Energy Corp., 313-436-9253 or 313-722-2955/
 (CMS) CO: CMS Energy Corporation ST: Michigan IN: UTI OIL SU: ERN


JG-ML -- DE022 -- 6577 03/09/92 17:03 EST
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Date:Mar 9, 1992
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