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CONSUMERS POWER COMPANY ANNOUNCES BOND REDEMPTION

 JACKSON, Mich., Jan. 8 /PRNewswire/ -- Consumers Power Company will, on Feb. 10, 1993, redeem at par plus accrued interest $34,740,000 of the outstanding nine percent series first mortgage bonds due Sept. 15, 2008. There are currently $68,000,000 principal amount of bonds of that series outstanding. The specific bonds to be called will be determined by lottery. Notification of the call will be mailed to affected bondholders today.
 The redemption is a continuation of the company's effort to reduce the cost of debt. The redemption will be made under the terms of the company's indenture relating to its first mortgage bonds in satisfaction of its 1993 improvement fund requirement and by using proceeds of released property.
 Consumers Power Company, the principal subsidiary of CMS Energy Corporation (NYSE: CMS), is Michigan's largest natural gas and electric utility serving almost 6 million of the state's 9 million residents in 67 of the 68 Lower Peninsula counties.
 -0- 1/8/93
 /CONTACT: Charles E. MacInnis of Consumers Power News and Information, 517-788-0333/
 (CMS)


CO: Consumers Power Company; CMS Energy Corporation ST: Michigan IN: UTI SU:

ML -- DE004 -- 2947 01/08/93 09:02 EST
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Publication:PR Newswire
Date:Jan 8, 1993
Words:194
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