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<SEC-DOCUMENT>0001299933-06-001382.txt : 20060301
<SEC-HEADER>0001299933-06-001382.hdr.sgml : 20060301
<ACCEPTANCE-DATETIME>20060301164140
ACCESSION NUMBER:		0001299933-06-001382
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20060228
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20060301
DATE AS OF CHANGE:		20060301

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONSUMERS ENERGY CO
		CENTRAL INDEX KEY:			0000201533
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC & OTHER SERVICES COMBINED [4931]
		IRS NUMBER:				380442310
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05611
		FILM NUMBER:		06656256

	BUSINESS ADDRESS:	
		STREET 1:		ONE ENERGY PLAZA
		CITY:			JACKSON
		STATE:			MI
		ZIP:			49201
		BUSINESS PHONE:		5177881031

	MAIL ADDRESS:	
		STREET 1:		ONE ENERGY PLAZA
		CITY:			JACKSON
		STATE:			MI
		ZIP:			49201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CONSUMERS POWER CO
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CMS ENERGY CORP
		CENTRAL INDEX KEY:			0000811156
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC & OTHER SERVICES COMBINED [4931]
		IRS NUMBER:				382726431
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09513
		FILM NUMBER:		06656257

	BUSINESS ADDRESS:	
		STREET 1:		ONE ENERGY PLAZA
		CITY:			JACKSON
		STATE:			MI
		ZIP:			49201
		BUSINESS PHONE:		5177881031

	MAIL ADDRESS:	
		STREET 1:		ONE ENERGY PLAZA
		CITY:			JACKSON
		STATE:			MI
		ZIP:			49201
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_10645.htm
<DESCRIPTION>LIVE FILING
<TEXT>
<!-- CoverPageHeader start -->
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> CMS Energy Corporation (Form: 8-K) </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">
<A NAME="DOCUMENT_TOP">&nbsp;</A>
<P>
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<A NAME="DOCUMENT_TOP">&nbsp;</A>
<HR NOSHADE>
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<P ALIGN="CENTER">
<FONT SIZE="4">
		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
</FONT>
<BR>
<FONT SIZE="2">
	WASHINGTON, D.C. 20549
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="5">
	FORM 8-K
</FONT>
<FONT SIZE="2">

</FONT>
</P>
<P ALIGN="CENTER">
<FONT SIZE="3">
	CURRENT REPORT
</FONT>
</P>
<P ALIGN="CENTER">
<FONT SIZE="2">
	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
</FONT>
</P>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="51%">
	&nbsp;
</TD>
<TD WIDTH="5%">
	&nbsp;
</TD>
<TD WIDTH="44%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Date of Report (Date of Earliest Event Reported):
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	February 28, 2006
</FONT>
</TD>
</TR>
</TABLE>
<BR>
</CENTER>
<!-- CoverPageTitle END --><!-- CoverPageRegistrant START -->
<P ALIGN="CENTER"><!-- -->
<FONT SIZE="6">
	CMS Energy Corporation
</FONT>
<FONT SIZE="2">
<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
</FONT>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="33%">
	&nbsp;
</TD>
<TD WIDTH="34%">
	&nbsp;
</TD>
<TD WIDTH="33%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Michigan
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	001-09513
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	38-2726431
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_____________________<BR>
	(State or other jurisdiction
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_____________<BR>
	(Commission
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
______________<BR>
	(I.R.S. Employer
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	of incorporation)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	File Number)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Identification No.)
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	One Energy Plaza, Jackson, Michigan
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	49201
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_________________________________<BR>
	(Address of principal executive offices)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
___________<BR>
	(Zip Code)
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">

<TR VALIGN="BOTTOM">
<TD WIDTH="51%">
	&nbsp;
</TD>
<TD WIDTH="5%">
	&nbsp;
</TD>
<TD WIDTH="44%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Registrant&#146;s telephone number, including area code:
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	517-788-0550
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<P ALIGN="CENTER">
<FONT SIZE="2">
	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="2">
	&nbsp;
</FONT>
<!-- CoverPageRegistrant END --><!-- CoverPageRegistrant START -->
<P ALIGN="CENTER"><!-- -->
<FONT SIZE="6">
	Consumers Energy Company
</FONT>
<FONT SIZE="2">
<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
</FONT>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="33%">
	&nbsp;
</TD>
<TD WIDTH="34%">
	&nbsp;
</TD>
<TD WIDTH="33%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Michigan
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	001-05611
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	38-0442310
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_____________________<BR>
	(State or other jurisdiction
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_____________<BR>
	(Commission
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
______________<BR>
	(I.R.S. Employer
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	of incorporation)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	File Number)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Identification No.)
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	One Energy Plaza, Jackson, Michigan
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	49201
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_________________________________<BR>
	(Address of principal executive offices)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
___________<BR>
	(Zip Code)
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">

<TR VALIGN="BOTTOM">
<TD WIDTH="51%">
	&nbsp;
</TD>
<TD WIDTH="5%">
	&nbsp;
</TD>
<TD WIDTH="44%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Registrant&#146;s telephone number, including area code:
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	517-788-0550
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<P ALIGN="CENTER">
<FONT SIZE="2">
	n/a
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="2">
	&nbsp;
</FONT>
<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
</P></FONT><!-- PageBreak START -->
<P>
<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><!-- Item START -->
<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 8.01 Other Events.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
Employee Retirement Income Security Act Class Action<br><br>On March 1, 2006, CMS Energy Corporation ("CMS Energy") and Consumers Energy Company ("Consumers") reached an agreement, subject to court and independent fiduciary approval, to settle two consolidated lawsuits filed in 2002 in the United States District Court for the Eastern District of Michigan as putative class actions on behalf of participants and beneficiaries of CMS Energy&#x2019;s Employees&#x2019; Savings Plan (the "Plan") who participated in the Plan between August 3, 2000 and December 27, 2004.  CMS Energy, Consumers, CMS Marketing, Services and Trading Company, now known as CMS Energy Resource Management Company ("CMS MST") and certain officers and directors are defendants in the lawsuits.  Plaintiffs allege breaches of fiduciary duties under the Employee Retirement Income Security Act and seek restitution on behalf of the Plan with respect to a decline in value of the shares of CMS Energy Common Stock held in the Plan.  The settlement agr
eement among the plaintiffs and the defendants requires a $28 million cash payment that will be paid by CMS Energy&#x2019;s primary insurer and will be used to pay Plan participants and beneficiaries for alleged losses, as well as any legal fees and expenses awarded to plaintiffs&#x2019; attorneys.  In addition, CMS Energy agreed to enhance fiduciary education and training, improve discussion of investment diversification with Plan participants and not prevent, for a period of four years, Plan participants from selling CMS Energy Common Stock held in the Plan.<br><br>Gas Index Price Reporting Litigation<br><br>On February 28, 2006, CMS MST and CMS Field Services, a former subsidiary of CMS Energy that was sold to Cantera Natural Gas, LLC and for which CMS Energy has indemnification obligations, ("CMS Field Services") reached an agreement, subject to court approval, to settle a consolidated class action lawsuit filed in the United States District Court for the Southern District of New York.  Cornerstone Propa
ne Partners, L.P. filed the original complaint in August 2003 as a putative class action and it was later consolidated with two similar complaints filed by other plaintiffs.  The amended, consolidated complaint, filed in January 2004, alleged that false natural gas price reporting by the defendants manipulated the prices of New York Mercantile Exchange natural gas futures and options.  The complaint contained two counts under the Commodity Exchange Act, one for manipulation and one for aiding and abetting violations.  The settlement agreement among the plaintiffs, CMS MST and CMS Field Services requires a $6.975 million cash payment that CMS MST is responsible to pay.  The payment will be made into a settlement fund that will be used to pay the class members as well as any legal fees awarded to plaintiffs&#x2019; attorneys.  CMS Energy established a reserve for this amount in the fourth quarter of 2005.
</FONT>
</P>
<!-- Item END -->
<BR><BR><BR><BR><!-- Item START -->
<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 9.01 Financial Statements and Exhibits.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
(c) Exhibits.<br><br>99.1	Form of Class Action Settlement Agreement  <br>99.2	Stipulation and Agreement of Settlement dated February 28, 2006
</FONT>
</P>
<!-- Item END -->
<BR><BR><BR><BR><P ALIGN="LEFT" STYLE="FONT-SIZE: 10PT">This Form 8-K contains &#x201C;forward-looking statements&#x201D; as defined in Rule 3b-6 of the Securities Exchange Act of 1934, as amended, Rule 175 of the Securities Act of 1933, as amended, and relevant legal decisions. The forward-looking statements are subject to risks and uncertainties.  They should be read in conjunction with &#x201C;FORWARD-LOOKING STATEMENTS AND INFORMATION and RISK FACTORS&#x201D; each found in the MANAGEMENT&#x2019;S DISCUSSION AND ANALYSIS sections of CMS Energy&#x2019;s and Consumers&#x2019; Forms 10-K for the Year Ended December 31, 2005 (CMS Energy&#x2019;s and Consumers&#x2019;  &#x201C;FORWARD-LOOKING STATEMENTS AND INFORMATION and RISK FACTORS&#x201D; sections are incorporated herein by reference), that discuss important factors that could cause CMS Energy&#x2019;s and Consumers&#x2019; results to differ materially from those anticipated in such statements.</P><!-- PageBreak START -->
<P>
<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><!-- SignatureHeader START -->
<P ALIGN="CENTER">
<FONT SIZE="2">
<B>
	SIGNATURES
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
</FONT>
</P>
<!-- SignatureHeader END --><!-- Signature START -->
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="19%">
	&nbsp;
</TD>
<TD WIDTH="34%">
	&nbsp;
</TD>
<TD WIDTH="3%">
	&nbsp;
</TD>
<TD WIDTH="1%">
	&nbsp;
</TD>
<TD WIDTH="43%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD COLSPAN="3" VALIGN="TOP" ALIGN="LEFT">
<FONT SIZE="2">
	CMS Energy Corporation
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
<I>
	March 1, 2006
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	By:
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Thomas J. Webb
</I>
<BR>
</FONT>
</TD>
</TR>
<TR>
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<HR SIZE="1" NOSHADE>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Name: Thomas J. Webb
</I>
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Title: Executive Vice President and Chief Financial Officer
</I>
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<!-- Signature END --><!-- Signature START -->
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="19%">
	&nbsp;
</TD>
<TD WIDTH="34%">
	&nbsp;
</TD>
<TD WIDTH="3%">
	&nbsp;
</TD>
<TD WIDTH="1%">
	&nbsp;
</TD>
<TD WIDTH="43%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD COLSPAN="3" VALIGN="TOP" ALIGN="LEFT">
<FONT SIZE="2">
	Consumers Energy Company
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
<I>
	March 1, 2006
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	By:
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
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<I>
	Thomas J. Webb
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<I>
	Name: Thomas J. Webb
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<I>
	Title: Executive Vice President and Chief Financial Officer
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<FONT SIZE="2">Top of the Form</FONT>
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	Exhibit&nbsp;Index
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	Exhibit No.
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	Description
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	99.1
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Form of Class Action Settlement Agreement
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	99.2
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Stipulation and Agreement of Settlement dated February 28, 2006
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<TYPE>EX-99.1
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<FILENAME>exhibit1.htm
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<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt">UNITED STATES DISTRICT COURT<BR>
EASTERN DISTRICT OF MICHIGAN</FONT>


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<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">In re CMS ENERGY ERISA LITIGATION<BR>
This Document Relates To:<BR>
<B>ALL ACTIONS</B>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">)<BR>
)<BR>
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    <TD>&nbsp;</TD>
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<BR>
Master File No.&nbsp;02-72834<BR>
Honorable George Caram Steeh<BR>
Class&nbsp;Action</TD>
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    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
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<P align="left" style="font-size: 12pt"><U><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></U>


<P align="center" style="font-size: 12pt"><B>CLASS ACTION </B><B><I>SETTLEMENT AGREEMENT</I></B><BR>
<B>______________________________________________________________________________</B>



<P align="left" style="font-size: 12pt; text-indent: 4%">This CLASS ACTION <I>SETTLEMENT AGREEMENT </I>(&#147;<I>Settlement Agreement</I>&#148;) is entered into by and between
<I>Named Plaintiffs </I>in the above-captioned <I>Action </I>for themselves and on behalf of the <I>Settlement
Class</I>, on the one hand, and the <I>Defendants</I>, on the other.


<P align="center" style="font-size: 12pt"><U>RECITALS</U>



<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS, <I>Named Plaintiffs </I>commenced the above-captioned <I>Action </I>asserting various claims for
relief under the Employee Retirement Income Security Act of 1974, as amended, against the
<I>Defendants</I>, all of which claims are disputed by <I>Defendants</I>; and


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS, the <I>Parties </I>desire to promptly and fully resolve and settle with finality the <I>Action</I>;


<P align="left" style="font-size: 12pt; text-indent: 4%">NOW, THEREFORE, the <I>Parties</I>, in consideration of the promises, covenants and agreements herein
described, and for other good and valuable consideration, acknowledged by each of them to be
satisfactory and adequate, and intending to be legally bound, do hereby mutually agree as follows:


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    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>DEFINITIONS</U></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt; text-indent: 4%">As used in this <I>Settlement Agreement</I>, italicized and capitalized terms and phrases not
otherwise defined have the meanings provided below:


<P align="left" style="font-size: 12pt; text-indent: 2%">1.1. &#147;<I>Action</I>&#148; shall mean: <I>In re CMS Energy ERISA Litigation</I>, Master File No.&nbsp;02-72834, United
States District Court, Eastern District of Michigan, (Hon. George Caram Steeh), and any and all
cases now or hereafter consolidated therewith. The &#147;<I>Action</I>&#148; specifically excludes the &#147;<I>Securities
Actions.&#148;</I>


<P align="left" style="font-size: 12pt; text-indent: 2%">1.2. &#147;<I>Affiliate</I>&#148; shall mean: any entity which owns or controls, is owned or controlled by, or
is under common ownership or control with, a <I>Person</I>. For purposes of this definition, &#147;control&#148;
shall mean the possession, directly or indirectly, of the power to direct or cause the direction of
the management and policies of such <I>Person</I>, whether through the ownership of voting securities or
otherwise.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.3. &#147;<I>Agreement Execution Date</I>&#148; shall mean: the date on which this <I>Settlement Agreement </I>is
fully executed, as provided in Section&nbsp;11.14 below.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.4. &#147;<I>Carrier</I>&#148; shall mean: Associated Electric &#038; Gas Insurance Services Limited, and its
General Managing Agent, AEGIS Insurance Services, Inc. (collectively, &#147;AEGIS&#148;).


<P align="left" style="font-size: 12pt; text-indent: 2%">1.5. &#147;<I>Class&nbsp;Counsel</I>&#148; shall mean: Keller Rohrback L.L.P.; Malakoff, Doyle and Finberg, P.C.;
McTigue Law Firm; and Campbell, Harrison and Dagley, L.L.P.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.6. &#147;<I>Claims</I>&#148; shall have the meaning set forth in Section&nbsp;3.2.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.7. &#147;<I>Class&nbsp;Notice</I>&#148; shall mean: the form of notice which shall be attached as an exhibit to
the form of <I>Preliminary Approval Order</I>, the terms of which shall be agreed upon by the <I>Parties</I><B><I>.</I></B>


<P align="left" style="font-size: 12pt; text-indent: 2%">1.8. &#147;<I>Class&nbsp;Period</I>&#148; shall mean: the period from August&nbsp;3, 2000 through December&nbsp;27,&nbsp;2004.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.9. &#147;<I>Class&nbsp;Settlement Amount</I>&#148; shall have the meaning set forth in Section&nbsp;7.2.&nbsp;&nbsp;


<P align="left" style="font-size: 12pt; text-indent: 2%">1.10. &#147;<I>Company</I>&#148; shall mean: CMS Energy Corporation, a Michigan corporation, and each of its
<I>Affiliate</I>s, and includes any and all predecessors or <I>Successors-In-Interest</I>, local, regional,
national, and/or executive offices, divisions, or affiliates (foreign and domestic), segments, or
divisions thereof, any of its subsidiaries, divisions or affiliates, including, but not limited to
Consumers Energy Company and CMS Energy Resource Management Company, formerly known as CMS
Marketing, Services and Trading Company, and all of their present and former officers, directors,
employees, agents, directors, attorneys, accountants, advisors, and all other persons acting or
purporting to act on their behalf.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.11. &#147;<I>Complaint</I>&#148; shall mean: the Second Amended Consolidated Complaint filed on August&nbsp;24,
2005.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.12. &#147;<I>Court</I>&#148; shall mean: the United States District Court for the Eastern District of
Michigan.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.13. &#147;<I>Defendants</I>&#148; shall mean: the <I>Company </I>and the following <I>Person</I>s named as defendants in
the <I>Complaint</I>: Kathleen R. Flaherty; Victor J. Fryling; Earl D. Holton; William U. Parfet; Kenneth
L. Way; Kenneth Whipple; John B. Yasinsky; John M. Deutch; James J. Duderstadt; Preston D. Hopper;
David W. Joos; William T. McCormick, Jr.; Tamela W. Pallas; Percy A. Pierre; Alan M. Wright; Legal
Representative of the Estate of Thomas McNish; and Laura L. Mountcastle.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.14. &#147;<I>Effective Date</I>&#148; shall mean: the date on which the <I>Final Order </I>becomes <I>Final </I>in
accordance with Section&nbsp;1.17.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.15. &#147;<I>ERISA</I>&#148; shall mean: the Employee Retirement Income Security Act of 1974, as amended,
including all regulations promulgated and case law there under.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.16. &#147;<I>Fairness Hearing</I>&#148; shall have the meaning set forth in Section&nbsp;2.1.4.&nbsp;


<P align="left" style="font-size: 12pt; text-indent: 2%">1.17. &#147;<I>Final</I>&#148; shall mean: with respect to any judicial ruling or order, that the thirty (30)
day period for any appeal has expired without the initiation of an appeal, or, if an appeal has
been timely initiated, that there has occurred a full and final disposition of any such appeal
without a reversal or modification, including the exhaustion of proceedings in any remand and/or
subsequent appeal after remand<I>. </I>Notwithstanding any other provision hereof, the <I>Final Order </I>shall
be deemed <I>Final </I>without regard to whether (i)&nbsp;the <I>Court </I>has entered an order regarding the <I>Plan of
Allocation </I>or the award of legal fees and expenses; (ii)&nbsp;any order referred to in (i)&nbsp;above, if
entered, has become <I>Final</I>; or (iii)&nbsp;any order referred to in (i)&nbsp;above is reversed or modified on
appeal.


<P align="left" style="margin-right:11%; font-size: 12pt; text-indent: 1%">1.18. &#147;<I>Final Order</I>&#148; shall have the meaning set forth in Section&nbsp;2.1.4.


<P align="left" style="margin-right:11%; font-size: 12pt; text-indent: 2%">1.19. &#147;<I>Financial Institution</I>&#148; shall have the meaning set forth in
Section&nbsp;7.1.1.


<P align="left" style="margin-right:11%; font-size: 12pt; text-indent: 2%">1.20. &#147;<I>Mediators</I>&#148; shall mean Judge Nicholas H. Politan and Eric D.
Green.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.21. &#147;<I>Named Plaintiffs</I>&#148; shall mean: Roger D. Schilling, Karen Potter, and Danny Jordan.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.22. &#147;<I>Net Proceeds</I>&#148; shall have the meaning set forth in Section&nbsp;8.2.4.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.23. &#147;<I>Parties</I>&#148; shall mean <I>Named Plaintiffs </I>and the <I>Defendants</I>.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.24. &#147;<I>Person</I>&#148; shall mean: an individual, partnership, corporation, governmental entity or any
other form of entity or organization.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.25. &#147;<I>Plaintiff Releasees</I>&#148; shall have the meaning set forth in Section&nbsp;3.3.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.26. &#147;<I>Plaintiffs</I>&#148; shall mean: <I>Named Plaintiffs </I>and each member of the <I>Settlement Class</I>.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.27. The &#147;<I>Plan</I>&#148; shall mean: the Employees&#146; Savings Plan of Consumers Energy Company, as has
been or may later be amended, individually and collectively, and any trust created under such <I>Plan</I>.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.28. &#147;<I>Plan of Allocation</I>&#148; shall mean: the <I>Plan of Allocation </I>approved by the <I>Court </I>as
contemplated by Section&nbsp;2.1.4 and described in Section&nbsp;8.2.4.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.29. &#147;<I>Preliminary Approval Order</I>&#148; refers to the Order to be issued as set forth in Section
2.1.1.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.30. &#147;<I>Preliminary Motion</I>&#148; refers to the motion to be filed as set forth in Section&nbsp;2.1.1.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.31. &#147;<I>Released Claims</I>&#148; shall have the meaning set forth in Section&nbsp;3.2.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.32. &#147;<I>Releasees</I>&#148; shall mean: the <I>Defendants</I>, the present and former <I>Representatives </I>of each
of them, as well as the applicable fiduciary liability Insurance Policy, AEGIS Policy No.
F0136A1A01.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.33. &#147;<I>Releases</I>&#148; shall mean the releases set forth in Sections&nbsp;3.1 and 3.3.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.34. &#147;<I>Representatives</I>&#148; shall mean: attorneys, agents, directors, officers, or employees.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.35. &#147;<I>Securities Actions</I>&#148; shall mean: <I>In Re CMS Energy Securities Litigation</I>, Master File No.
02-CV-72004-DT, United States District Court, Eastern District of Michigan (Hon. George Caram
Steeh); and any and all cases now or hereafter consolidated therewith. &#147;<I>Securities Actions</I>&#148;
specifically excludes the <I>Action</I>.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.36. &#147;<I>Settlement</I>&#148; shall mean: the settlement to be consummated under this <I>Settlement
Agreement </I>pursuant to the <I>Final Order</I>.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.37. &#147;<I>Settlement Agreement</I>&#148; means this Class&nbsp;Action Settlement Agreement.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.38. &#147;<I>Settlement Class</I>&#148; shall mean: the class certified by the <I>Court </I>in the <I>Action</I>, by Order
filed December&nbsp;27, 2004, consisting of: all <I>Persons </I>who were participants in or beneficiaries of
the <I>Plan </I>at any time from August&nbsp;3, 2000 through December&nbsp;27, 2004.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.39. &#147;<I>Settlement Fund</I>&#148; shall have the meaning set forth in Section&nbsp;7.1.


<P align="left" style="font-size: 12pt; text-indent: 2%">1.40. &#147;<I>Successor-In-Interest</I>&#148; shall mean: a <I>Person</I>&#146;s estate, legal representatives, heirs,
successors or assigns, including successors or assigns that result from corporate mergers or other
structural changes.


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    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>CONDITIONS TO THE EFFECTIVENESS OF THE <I>SETTLEMENT</I></U></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt; text-indent: 4%">The <I>Settlement </I>is contingent on the following conditions in Sections&nbsp;2.1 through 2.5:


<P align="left" style="font-size: 12pt; text-indent: 2%">2.1. <U>Condition #1: Court Approval</U>. The <I>Settlement </I>must be approved by the <I>Court </I>in
accordance with the following steps.


<P align="left" style="font-size: 12pt; text-indent: 8%">2.1.1. <U>Motion for Preliminary Approval of Settlement and of Notices</U>. <I>Class&nbsp;Counsel</I>
will file a motion (&#147;<I>Preliminary Motion</I>&#148;) with the <I>Court </I>for an order, the terms of which shall be
agreed upon by the Parties, including the exhibits thereto (the &#147;<I>Preliminary Approval Order</I>&#148;), and
in good faith shall take reasonable steps to (i)&nbsp;secure expeditious <I>Court </I>entry of the <I>Preliminary
Approval Order</I>; and (ii)&nbsp;seek a setting for the <I>Fairness Hearing</I>, described in Section&nbsp;2.1.4,
forty-five (45)&nbsp;days from the mailing of the <I>Class&nbsp;Notice </I>in accordance with Section&nbsp;2.1.2.


<P align="left" style="font-size: 12pt; text-indent: 8%">2.1.2. <U>Issuance of <I>Class&nbsp;Notice</I></U>. As ordered by the <I>Court </I>in its <I>Preliminary Approval
Order</I>, <I>Named Plaintiffs </I>and/or <I>Class&nbsp;Counsel </I>shall cause the <I>Class&nbsp;Notice </I>to be disseminated to the
<I>Plaintiffs</I>.


<P align="left" style="font-size: 12pt; text-indent: 8%">2.1.3. <U>Request by <I>Court </I>or <I>Named Plaintiffs </I>for Information</U>: If the <I>Court </I>deems it
necessary for the <I>Defendants </I>to supply information in their possession as part of the <I>Court&#146;s</I>
review of the <I>Settlement Agreement</I>, the <I>Defendants </I>agree to reasonably expedite provision of such
information as directed by the <I>Court</I>. If <I>Named Plaintiffs </I>deem it necessary for the <I>Defendants </I>to
supply accessible information in their possession in order to respond to any timely filed
objection, the <I>Defendants </I>agree to reasonably expedite provision of such information, which shall
be treated as Highly Confidential under the stipulated Protective Order entered by the <I>Court </I>in
this <I>Action</I>. Any disputes regarding requests for information by <I>Named Plaintiffs </I>shall be decided
by the Court.


<P align="left" style="font-size: 12pt; text-indent: 8%">2.1.4. <U>The Fairness Hearing</U>. The <I>Court </I>will conduct a hearing at which it will
consider whether the <I>Settlement </I>is fair, reasonable, and adequate (&#147;<I>Fairness Hearing</I>&#148;). At or
after the <I>Fairness Hearing </I>the <I>Court </I>will determine: (i)&nbsp;whether to enter judgment finally
approving the <I>Settlement </I>and dismissing the <I>Action </I>(which judgment is referred to herein as the
&#147;<I>Final Order</I>&#148;); (ii)&nbsp;whether the distribution of the <I>Class&nbsp;Settlement Amount </I>as provided in the
<I>Plan of Allocation </I>should be approved or modified; and (iii)&nbsp;what legal fees, compensation and
expenses should be awarded to <I>Class&nbsp;Counsel </I>and to <I>Named Plaintiffs </I>as contemplated by Section&nbsp;10
of this <I>Settlement Agreement</I>. The <I>Parties </I>agree to support entry of the <I>Final Order </I>as
contemplated by clause (i)&nbsp;of this Section&nbsp;2.1.4; however, the <I>Defendants </I>agree not to take any
position, and are not required to take any position, with respect to the matters described in
clauses (ii)&nbsp;or (iii)&nbsp;of this Section&nbsp;2.1.4. The <I>Parties </I>covenant and agree that they will
reasonably cooperate with one another in obtaining the <I>Final Order </I>as contemplated hereby at the
<I>Fairness Hearing </I>and will not do anything inconsistent with obtaining the <I>Final Order</I>.


<P align="left" style="font-size: 12pt; text-indent: 2%">2.2. <U>Condition #2: Funding of <I>Class&nbsp;Settlement Amount</I></U>. The <I>Carrier </I>must cause to be
deposited the funds as specified in 7.2 of this <I>Settlement Agreement </I>into the <I>Settlement Fund </I>in
accordance therewith. &nbsp;


<P align="left" style="font-size: 12pt; text-indent: 2%">2.3. <U>Condition #3: Finality of <I>Final Order</I></U>. The <I>Final Order </I>must be <I>Final </I>in
accordance with Section&nbsp;1.17 above.


<P align="left" style="font-size: 12pt; text-indent: 2%">2.4. <U>Condition #4: Independent Fiduciary</U>. The <I>Settlement </I>will be contingent upon
U.S. Trust Company N.A., acting as independent fiduciary, (i)&nbsp;approving the <I>Settlement </I>and giving a
release in its capacity as a fiduciary of the <I>Plan </I>and for and on behalf of the <I>Plan </I>which is
coextensive with the release from the class members, (ii)&nbsp;authorizing the <I>Settlement </I>in accordance
with Prohibited Transaction Class&nbsp;Exemption 2003-39, and (iii)&nbsp;finding that the <I>Settlement
Agreement </I>does not constitute a prohibited transaction under ERISA &#167; 406 (a). CMS shall move
promptly to seek to obtain this authorization and finding. The <I>Carrier </I>shall pay all fees and
expenses of the independent fiduciary. All parties shall cooperate in providing information to the
independent fiduciary as requested.


<P align="left" style="font-size: 12pt; text-indent: 2%">2.5. <U>Condition #5: Dismissal of Claims</U>. The <I>Action </I>and all <I>Claims </I>asserted therein
must be dismissed with prejudice.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>RELEASES </U></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt; text-indent: 2%">3.1. <U><I>Releases </I>of the <I>Releasees</I></U>. Effective upon the <I>Effective Date</I>, <I>Named Plaintiffs</I>
on behalf of themselves, on behalf of the <I>Settlement Class</I>, and on behalf of the <I>Plan</I>, absolutely
and unconditionally release and forever discharge the <I>Releasees </I>from <I>Released Claims </I>that <I>Named
Plaintiffs</I>, the <I>Settlement Class </I>or the <I>Plan </I>directly, indirectly, derivatively, or in any other
capacity ever had, now have or hereafter may have.


<P align="left" style="font-size: 12pt; text-indent: 2%">3.2. <U><I>Released Claims</I></U>. Subject to Section&nbsp;3.6 below, <I>Plaintiffs </I>(on behalf of each
member of the <I>Settlement Class</I>) and the <I>Plan </I>shall release any and all claims of any nature
whatsoever (including claims for any and all losses, damages, unjust enrichment, attorneys&#146; fees,
disgorgement of fees, litigation costs, injunction, declaration, contribution, indemnification or
any other type or nature of legal or equitable relief), against any of the <I>Defendants</I>, their
current or former subsidiaries and affiliates, and the current or former officers, directors,
employees, insurers, plan fiduciaries or agents of any <I>Defendant</I>, whether accrued or not, whether
already acquired or acquired in the future, whether known, unknown, suspected or unsuspected, in
law or equity, as well as any claim or right obtained by assignment, brought by way of demand,
complaint, cross-claim, counterclaim, third party claim or otherwise (collectively, &#147;Claims&#148;),
arising out of or in any way related to, directly or indirectly, any or all of the acts, omissions,
facts, matters, transactions or occurrences during the Class&nbsp;Period: (i)&nbsp;that are, were or could
have been alleged, asserted, or set forth in the <I>Complaint</I>, including but not limited to claims
that: (a) <I>Defendants </I>breached ERISA fiduciary duties to <I>Plaintiffs </I>in connection with the
acquisition and holding of <I>Company </I>stock by the <I>Plan </I>or the <I>Plaintiffs</I>, (b)&nbsp;the Director Defendants
failed to appoint and/or adequately monitor <I>Plan </I>fiduciaries with respect to <I>Company </I>stock, (c)&nbsp;the
<I>Defendants </I>failed to provide complete and accurate information to plan fiduciaries or participants
and beneficiaries of the <I>Plan </I>regarding the <I>Company </I>or <I>Company </I>stock, (d) <I>Defendants </I>each or any
one of them caused the <I>Plan </I>to pay more than adequate consideration for <I>Company </I>stock for the <I>Plan</I>,
(e)&nbsp;the <I>Defendants </I>violated any ERISA duties related to the acquisition, disposition, or retention
of <I>Company </I>stock by the Plan; (ii)&nbsp;against the applicable fiduciary liability Insurance Policy,
AEGIS Policy No.&nbsp;F0136A1A01; (iii)&nbsp;that would be barred by principles of <I>res judicata </I>had the
claims asserted in the <I>Complaint </I>been fully litigated and resulted in a final judgment or order;
(iv)&nbsp;that pertain to any decision made by any of the Parties to enter into or approval this
Settlement Agreement; or (v)&nbsp;that pertain to any conduct related to the direction to calculate, the
calculation of, and/or the allocation of the <I>Class&nbsp;Settlement Amount </I>to the <I>Plan </I>or any participant
or beneficiary of the <I>Plan </I>pursuant to the <I>Plan of Allocation</I>. Except for the obligations arising
under the <I>Settlement Agreement</I>, <I>Plaintiffs </I>hereby expressly and completely waive and release any
and all rights or benefits which they have or may have under Section&nbsp;1542 of the California Civil
Code, and any similar provision in any other jurisdiction, pertaining to the matters set forth in
the <I>Action</I>. Section&nbsp;1542 provides as follows:


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt">A general release does not extend to claims which the creditor does not know or
suspect to exist in his or her favor at the time of executing the release, which if
known by him or her must have materially affected his or her settlement with the
debtor.


<P align="left" style="font-size: 12pt">In connection with such waiver and relinquishment, <I>Plaintiffs </I>acknowledge that they are aware that
they have or may hereafter discover claims presently unknown or unsuspected, or facts in addition
to or different from those which now are known or believed to be true, with respect to the matters
set forth in the <I>Action</I>. Nevertheless, it is the intention of <I>Plaintiffs</I>, through the <I>Settlement
Agreement</I>, and with the advice of counsel, to fully, finally and forever to settle and release all
such matters. In furtherance of such intention, the releases herein given by <I>Plaintiffs </I>shall be
and remain in effect as full and complete releases of the matters set forth in the Action,
notwithstanding the discovery or existence of any such additional or different claims or facts
relative hereto.


<P align="left" style="font-size: 12pt; text-indent: 2%">3.3. <U><I>Releases </I>of <I>Named Plaintiffs</I>, the <I>Settlement Class </I>and <I>Class&nbsp;Counsel</I></U>. Effective
upon the <I>Effective Date</I>, the <I>Defendants </I>absolutely and unconditionally release and forever
discharge the <I>Named Plaintiffs</I>, the <I>Settlement Class</I>, and <I>Class&nbsp;Counsel </I>and their <I>Representatives</I>
(collectively, the &#147;<I>Plaintiff Releasees</I>&#148;), from any and all <I>Claims </I>relating to the institution or
prosecution of the <I>Action </I>or the settlement of any <I>Released Claim</I>.


<P align="left" style="font-size: 12pt; text-indent: 2%">3.4. <U>Reciprocal <I>Releases </I>among the <I>Defendants</I></U>. Effective upon the <I>Effective Date</I>,
each <I>Defendant </I>absolutely and unconditionally releases and forever discharges each and every other
<I>Defendant </I>from any and all <I>Claims </I>in this litigation relating to the <I>Released Claims</I>, including any
and all <I>Claims </I>for contribution or indemnification for such <I>Claims</I>. Notwithstanding the foregoing,
nothing in this Section&nbsp;3.4 is intended to affect the respective rights of the <I>Company </I>and other
<I>Defendants </I>relative to one another under the <I>Company&#146;s </I>current corporate authority and relevant
provisions of the Michigan Business Corporation Act with respect to reimbursement and advancement
of an individual <I>Defendant&#146;s </I>legal fees and expenses by the <I>Company</I>.


<P align="left" style="font-size: 12pt; text-indent: 2%">3.5. <U>Scope of <I>Releases</I></U>. The releases set forth in 3.1, 3.3, and 3.4 (the &#147;<I>Releases</I>&#148;)
are not intended to include the release of any rights or duties arising out of this <I>Settlement
Agreement</I>, including the express warranties and covenants in this <I>Settlement Agreement</I>.


<P align="left" style="font-size: 12pt; text-indent: 2%">3.6. <U><I>Persons </I>and <I>Claims </I>Not Released</U>. Nothing in this <I>Settlement Agreement </I>shall
release, bar, waive, or otherwise affect any <I>Claim </I>that has been asserted in the <I>Securities Actions</I>
or any defense thereto, and <I>Defendants, the Plan </I>and <I>Named Plaintiffs </I>reserve all rights with
respect to positions they may take on that question in that action.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>COVENANTS</U></TD>
</TR>

</TABLE>



<P align="left" style="margin-left:2%; font-size: 12pt">The <I>Parties </I>covenant and agree as follows:


<P align="left" style="font-size: 12pt; text-indent: 2%">4.1. <U>Covenants Not to Sue</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">4.1.1. <I>Named Plaintiffs </I>and the <I>Settlement Class </I>covenant and agree: (i)&nbsp;not to file against
any <I>Releasee </I>or the <I>Plan </I>any additional <I>Claim </I>based on or arising from any <I>Released Claim</I>, or
re-file the <I>Claim </I>brought in this <I>Action</I>; and (ii)&nbsp;that the foregoing covenants and agreements
shall be a complete defense to any such <I>Claims </I>against any of the respective <I>Releasees</I>.


<P align="left" style="font-size: 12pt; text-indent: 8%">4.1.2. <I>Defendants </I>covenant and agree (i)&nbsp;not to file against any <I>Plaintiff Releasee </I>or the
<I>Plan </I>or any other <I>Defendant </I>any claim released under Section&nbsp;3.3 or Section&nbsp;3.4; and (ii)&nbsp;that the
foregoing covenants and agreements shall be a complete defense to any such claims against any of
the respective <I>Plaintiff Releasees</I>.


<P align="left" style="font-size: 12pt; text-indent: 2%">4.2. <U>Taxation of <I>Class&nbsp;Settlement Amount</I></U>. <I>Named Plaintiffs </I>acknowledge on their own
behalf, and on behalf of the <I>Settlement Class</I>, that the <I>Releasees </I>have no responsibility for any
taxes due on funds once deposited in the <I>Settlement Fund </I>or that the <I>Named Plaintiffs </I>or <I>Class
Counsel </I>receive from the <I>Class&nbsp;Settlement Amount, </I>should any be awarded pursuant to Article&nbsp;10
hereof. Nothing herein shall constitute an admission or representation that any taxes will or
will not be due on the <I>Class&nbsp;Settlement Amount</I>. The <I>Company </I>will direct the <I>Plan </I>administrator and
trustee to treat the amounts allocated pursuant to the <I>Plan of Allocation </I>as restorative payments
consistent with Revenue Ruling 2002-45, 2002-2 C.B. 116, 2002 WL 137852.


<P align="left" style="font-size: 12pt; text-indent: 2%">4.3. <U>Cooperation</U>. The <I>Company </I>shall use its best efforts to promptly provide <I>Class
Counse</I>l, as available<I>, </I>in electronic database format the names and last known addresses of members
of the <I>Settlement Class </I>and timely respond to reasonable written requests for accessible data in
the <I>Company&#146;s </I>custody or control necessary to implement, enforce or determine the administrability
of a proposed <I>Plan of Allocation</I>. This information shall be treated as Highly Confidential under
the stipulated Protective Order entered by the <I>Court </I>in this <I>Action</I>; provided that the <I>Parties</I>
expressly acknowledge that the information may be used to deliver the <I>Class&nbsp;Notice </I>and/or implement
the <I>Settlement</I>, including the <I>Plan of Allocation</I>.


<P align="left" style="font-size: 12pt; text-indent: 2%">4.4. <U><I>Company </I>Covenant Not To Restrict Sale of Its Stock</U>. The <I>Company </I>covenants and
agrees that it will not take any action to restrict <I>Plan </I>participants&#146; ability to sell CMS stock
that is in or may be added to the Plan for a period of 4&nbsp;years except in instances required to
comply with applicable law or internal compliance procedures.


<P align="left" style="font-size: 12pt; text-indent: 2%">4.5. <U><I>Company </I>Covenant to Provide Information to <I>Plan </I>Fiduciaries.</U> The <I>Company</I>
covenants and agrees that it will take steps to see that individuals identified as fiduciaries to
the <I>Plan </I>are provided with knowledge of their ERISA imposed duties and obligations. The <I>Company</I>
will take steps to provide such <I>Plan </I>fiduciaries with regularly updated materials regarding <I>Plan</I>
management and administration that sets forth their duties and responsibilities under ERISA.


<P align="left" style="font-size: 12pt; text-indent: 2%">4.6. <U><I>Company </I>Covenant to Provide Information to <I>Plan </I>Participants and Beneficiaries.
</U>The Plan Document and Summary Plan Description will identify the fiduciary structure of the
<I>Plan </I>such that it is clear who exercises fiduciary responsibility for the <I>Plan </I>and <I>Plan </I>assets. In
addition, to the extent not already in place, the Plan Document and Summary Plan Description shall
provide contact information for participants or beneficiaries with questions regarding the <I>Plan </I>and
<I>Plan </I>assets. To the extent not already accomplished by materials prepared by the current Plan
record keeper and trustee, Fidelity, <I>Plan </I>materials shall clearly state the importance of
diversification, and shall encourage participants to regularly evaluate whether their retirement
plan assets are sufficiently diversified to protect against large losses.


<P align="left" style="font-size: 12pt; text-indent: 2%">4.7. <U>Stay of Discovery in the <I>Action</I></U>. The <I>Parties </I>covenant and agree to a stay of
discovery in the <I>Action</I>, effective for the period of time from December&nbsp;19, 2005 until two weeks
after any of the following events: (i)&nbsp;the parties fail to execute a <I>Settlement Agreement</I>
consistent with the terms of the Settlement Terms Sheet; (ii)&nbsp;the <I>Settlement </I>is not preliminarily
approved by the Court; or (iii) <I>Final </I>approval by the <I>Court </I>is not granted. Should <I>Final </I>approval
of this settlement not occur for any reason, the <I>Parties </I>will be given the opportunity to proceed
with depositions notwithstanding that some of the deponents will have been deposed once already in
the <I>Securities Actions </I>during such discovery stay, and in all other respects the parties will be
restored to the position they were in immediately prior to the settlement being reached. In the
event discovery recommences, the <I>Parties </I>shall jointly stipulate for an extension of the discovery
period for a length of time that is not less than the duration of the settlement stay, such that
the parties are provided with a reasonable opportunity to complete discovery in this action.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>REPRESENTATIONS AND WARRANTIES</U></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt; text-indent: 2%">5.1. <U><I>Named Plaintiffs</I>&#146; Representations and Warranties</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.1.1. <I>Named Plaintiffs </I>represent and warrant that they have not assigned or otherwise
transferred any interest in any <I>Released Claims </I>against any <I>Releasee</I>, and further covenant that
they will not assign or otherwise transfer any interest in any <I>Released Claims</I>; and


<P align="left" style="font-size: 12pt; text-indent: 8%">5.1.2. Pursuant to Articles 3 and 4, <I>Named Plaintiffs </I>represent and warrant that they shall
have no surviving claim or cause of action against any of the <I>Releasees </I>or the <I>Plan </I>with respect to
the <I>Released Claims </I>against them.


<P align="left" style="font-size: 12pt; text-indent: 2%">5.2. <U><I>Parties</I>&#146; Representations and Warranties</U>. The <I>Parties</I>, and each of them,
represent and warrant:


<P align="left" style="font-size: 12pt; text-indent: 8%">5.2.1. That they have conducted voluminous discovery; that they are voluntarily entering into
this <I>Settlement Agreement </I>as a result of arm&#146;s length negotiations among their counsel, with the
assistance of the <I>Mediators</I>; that in executing this <I>Settlement Agreement </I>they are relying solely
upon their own judgment, belief and knowledge, and the advice and recommendations of their own
independently selected counsel, concerning the nature, extent and duration of their rights and
claims hereunder and regarding all matters which relate in any way to the subject matter hereof;
and that, except as provided herein, they have not been influenced to any extent whatsoever in
executing this <I>Settlement Agreement </I>by any representations, statements or omissions pertaining to
any of the foregoing matters by any party or by any <I>Person </I>representing any party to this
<I>Settlement Agreement</I>, other than those expressly set forth in the <I>Settlement Agreement</I>. Each of
the <I>Parties </I>assumes the risk of mistake as to facts or law; and


<P align="left" style="font-size: 12pt; text-indent: 8%">5.2.2. That they have carefully read the contents of this <I>Settlement Agreement</I>, and this
<I>Settlement Agreement </I>is signed freely by each <I>Person </I>executing this <I>Settlement Agreement </I>on behalf
of each of the <I>Parties. </I>The <I>Parties</I>, and each of them, further represent and warrant to each other
that he, she, or it has made such investigation of the facts pertaining to the <I>Settlement</I>, this
<I>Settlement Agreement </I>and all of the matters pertaining thereto, as he, she, or it deems necessary.


<P align="left" style="font-size: 12pt; text-indent: 2%">5.3. <U>Signatories&#146; Representations and Warranties</U>. Each individual executing this
<I>Settlement Agreement </I>on behalf of any other <I>Person </I>does hereby personally represent and warrant to
the other <I>Parties </I>that he or she has the authority to execute this <I>Settlement Agreement </I>on behalf
of, and fully bind, each principal whom such individual represents or purports to represent.


<P align="left" style="font-size: 12pt">6.&nbsp;<U>NO ADMISSION OF LIABILITY</U>


<P align="left" style="font-size: 12pt; text-indent: 4%">The <I>Parties </I>understand and agree that this <I>Settlement Agreement </I>embodies a compromise
settlement of disputed claims, and that nothing in this <I>Settlement Agreement</I>, including the
furnishing of consideration for this <I>Settlement Agreement</I>, shall be deemed to constitute any
finding of fiduciary status under <I>ERISA </I>or wrongdoing by any of the <I>Defendants</I>, or give rise to any
inference of fiduciary status under <I>ERISA </I>or wrongdoing or admission of wrongdoing or liability in
this or any other proceeding. This <I>Settlement Agreement </I>and the payments made hereunder are made
in compromise of disputed claims and are not admissions of any factual assertions in this Action or
of any liability of any kind, whether legal or factual. Moreover, the <I>Defendants </I>specifically deny
any such liability or wrongdoing Neither the fact nor the terms of this <I>Settlement Agreement </I>shall
be offered or received in evidence in any action or proceeding for any purpose, except (i)&nbsp;in an
action or proceeding arising under this <I>Settlement Agreement </I>or arising out of or relating to the
<I>Preliminary Approval Order </I>or the <I>Final Order</I>, or (ii)&nbsp;in an action or proceeding where the
<I>Releases </I>provided pursuant to this <I>Settlement Agreement </I>may serve as a bar to recovery, or (iii)
for purposes of determining a remedy in the <I>Securities Actions</I>.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>THE <I>SETTLEMENT FUND </I>AND DELIVERIES INTO THE <I>SETTLEMENT FUND</I></U></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt; text-indent: 2%">7.1. <U>The <I>Settlement Fund</I></U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">7.1.1. No later than five (5)&nbsp;business days after the Settlement Terms Sheet is executed by
all parties, <I>Class&nbsp;Counsel </I>shall (i)&nbsp;establish at a federally-insured financial institution (the
&#147;<I>Financial Institution</I>&#148;); and (ii)&nbsp;provide to the <I>Defendants </I>and their <I>Carrier </I>any information
needed to fund the <I>Settlement Fund. </I>The monies in the <I>Settlement Fund</I>, together with the value of
the <I>Company&#146;s </I>covenants in Sections&nbsp;4.4 through 4.6, shall be considered a common fund created as a
result of the <I>Action. </I>The <I>Financial Institution </I>shall agree in writing to hold the <I>Settlement Fund</I>
and make distributions therefrom strictly in accordance with the terms and conditions of this
<I>Settlement Agreement</I>.


<P align="left" style="font-size: 12pt; text-indent: 8%">7.1.2. The <I>Settlement Fund </I>shall include interest earned thereon, for the benefit of <I>Named
Plaintiffs</I>, the <I>Settlement Class, </I>and <I>Class&nbsp;Counsel, </I>and shall be invested only in United States
Treasury securities and/or securities of United States agencies backed by the full faith and credit
of the United States Treasury, repurchase agreements collateralized by such securities, and mutual
funds or money market accounts, provided that such funds or accounts invest exclusively in the
foregoing securities. <I>Class&nbsp;Counsel </I>shall structure and manage the <I>Settlement Fund </I>to qualify as a
qualified settlement fund under Section&nbsp;468B of the Internal Revenue Code and Treasury regulations
promulgated there under. It is intended that the <I>Settlement Fund </I>be structured and administered to
preserve, to the maximum degree possible, the tax benefits associated with <I>ERISA-</I>qualified plans.
The <I>Parties </I>shall not take a position in any filing or before any tax authority inconsistent with
such treatment. All taxes on the income of the <I>Settlement Fund </I>and tax-related expenses incurred
in connection with the taxation of the <I>Settlement Fund </I>shall be paid out of the <I>Settlement Fund</I>.
All fees and/or expenses of the <I>Plan </I>trustee for allocation pursuant to the <I>Plan of Allocation </I>will
be paid from the <I>Settlement Fund</I>. <I>Class&nbsp;Counsel </I>shall have signature authority over the <I>Settlement
Fund, </I>and shall direct the <I>Financial Institution </I>to pay from the <I>Settlement Fund </I>the reasonable
cost of administering the <I>Settlement Fund </I>without further order of the <I>Court, </I>which expenses shall
include (i)&nbsp;expenses associated with the preparation and filing of all tax reports and tax returns
required to be filed by the <I>Settlement Fund</I>; (ii)&nbsp;payment of any taxes owed by the <I>Settlement Fund</I>;
(iii)&nbsp;expenses associated with the preparation and issuance of any required Forms 1099 associated
with payments from the <I>Settlement Fund</I>; and (iv)&nbsp;fees charged and expenses incurred by the
<I>Financial Institution </I>associated with administration of the <I>Settlement Fund</I>. <I>Class&nbsp;Counsel </I>may
instruct the <I>Financial Institution </I>to reserve any portion of the <I>Settlement Fund </I>for the purpose of
satisfying future or contingent expenses or obligations, including expenses of <I>Settlement Fund</I>
administration or any disbursement provided in Article&nbsp;8 of this <I>Settlement Agreement</I>. The
<I>Defendants </I>will take no position, directly or indirectly, with respect to such matters.


<P align="left" style="font-size: 12pt; text-indent: 8%">7.1.3. The <I>Parties </I>acknowledge and agree that the <I>Defendants </I>shall have no authority, control,
or liability in connection with the design, management, administration, investment, maintenance, or
control of the <I>Settlement Fund</I>, or for any expenses the <I>Settlement Fund </I>may incur or for any taxes
that may be payable by the <I>Settlement Fund </I>or any distributee there from.


<P align="left" style="font-size: 12pt; text-indent: 2%">7.2. <U>The <I>Class&nbsp;Settlement Amount</I></U>. In consideration of, and expressly in exchange for,
all of the promises and agreements set forth in this <I>Settlement Agreement</I>, the <I>Carrier </I>will, within
ten business days after execution of the Settlement Terms Sheet by all parties (by February&nbsp;27,
2006), cause to be deposited the sum of $28,000,000 plus interest since December&nbsp;28, 2005 (with a
deduction of $11 for the wire transfer fee) into the <I>Settlement Fund</I>. At least five business days
prior to such funding deadline, <I>Class&nbsp;Counsel </I>shall provide to the <I>Defendants </I>and the <I>Carrier </I>any
information needed to fund the <I>Settlement Fund</I>. The <I>Carrier </I>will provide <I>Class&nbsp;Counsel </I>all
information and materials necessary to calculate any taxes and expenses due on the <I>Class&nbsp;Settlement
Amount </I>from December&nbsp;28, 2005 through the date such <I>Class&nbsp;Settlement Amount </I>is deposited into the
<I>Settlement Fund </I>and <I>Class&nbsp;Counsel </I>agree to cause the taxes to be paid from the <I>Settlement Fund</I>,
including taxes due on the interest earned from December&nbsp;28, 2005, in a timely manner. In the
event that the Court does not grant preliminary approval of the <I>Settlement Agreement </I>or if the
<I>Settlement Agreement </I>does not become effective for any reason, <I>Class&nbsp;Counsel </I>will return the money
held in escrow, together with the interest thereon, to the <I>Carrier</I>. In the event final approval is
not granted by the Court, the only deductions from this <I>Settlement Fund </I>before the amount is
returned to the <I>Carrier </I>will be the expenses associated with class notice and any costs incurred to
date by <I>Class&nbsp;Counsel </I>in connection with the implementation of the <I>Settlement Agreement</I>, including
expenses necessary to calculate and allocate the <I>Class&nbsp;Settlement Amount </I>and any related taxes or
fees associated with establishment and maintenance of the <I>Settlement Fund</I>.


<P align="left" style="font-size: 12pt; text-indent: 2%">7.3. <U>Sole Monetary Contribution</U>. The <I>Class&nbsp;Settlement Amount </I>shall be the full and
sole monetary contribution made by or on behalf of the <I>Defendants </I>in connection with the <I>Settlement</I>
effected between <I>Named Plaintiffs </I>and the <I>Defendants </I>under this <I>Settlement Agreement. </I>The <I>Class
Settlement Amount </I>specifically covers any claims for costs and attorneys&#146; fees by <I>Named Plaintiffs</I>,
on their behalf or on behalf of the <I>Settlement Class, </I>as well as any costs or expenses of the <I>Class
Notice</I>. Except as otherwise specified in this <I>Settlement Agreement</I>, the <I>Parties </I>shall bear their
own costs and expenses (including attorneys&#146; fees) in connection with effectuating the <I>Settlement</I>
and securing all necessary court orders and approvals with respect to the same.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>PAYMENTS FROM THE <I>SETTLEMENT FUND</I></U></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt; text-indent: 2%">8.1. <U>Expenses of <I>Class&nbsp;Notice</I></U>. <I>Class&nbsp;Counsel </I>shall direct the <I>Financial Institution</I>
in writing to disburse from the <I>Settlement Fund </I>an amount approved by the <I>Court </I>for the payment of
costs of the <I>Class&nbsp;Notice</I>. If the <I>Settlement Agreement </I>is terminated for any reason or if any
condition stated in Article&nbsp;2 above is not satisfied or waived, no <I>Person </I>shall have an obligation
to reimburse to the <I>Settlement Fund </I>the costs of the <I>Class&nbsp;Notice</I>, or other costs or expenses of
the <I>Settlement Fund </I>charged to the <I>Settlement Fund </I>under this <I>Settlement Agreement</I>.


<P align="left" style="font-size: 12pt; text-indent: 2%">8.2. <U>Disbursements from the <I>Settlement Fund</I></U>. <I>Class&nbsp;Counsel </I>shall direct the <I>Financial
Institution </I>to disburse money from the <I>Settlement Fund </I>as follows:


<P align="left" style="font-size: 12pt; text-indent: 8%">8.2.1. <U>For Attorneys&#146; Fees and Expenses</U>. As provided in Section&nbsp;10.2 herein.


<P align="left" style="font-size: 12pt; text-indent: 8%">8.2.2. <U>For <I>Named Plaintiffs&#146; </I>compensation</U>. As provided in Section&nbsp;10.2 herein.


<P align="left" style="font-size: 12pt; text-indent: 8%">8.2.3. <U>For taxes and expenses of the <I>Settlement Fund</I></U>. As provided in Section&nbsp;7.1.2
herein.


<P align="left" style="font-size: 12pt; text-indent: 8%">8.2.4. <U>For the <I>Plan of Allocation</I></U>. <I>Class&nbsp;Counsel </I>shall propose to the <I>Court </I>a <I>Plan of
Allocation </I>(&#147;<I>Plan of Allocation</I>&#148;) that shall provide for the allocation of the <I>Settlement Fund </I>net
of the disbursements called for in sections 8.2.1, 8.2.2 and 8.2.3 (&#147;<I>Net Proceeds</I>&#148;). Such <I>Plan of
Allocation </I>will provide the method by which the specific dollar amount to be allocated by the <I>Plan</I>
as to each member of the <I>Settlement Class </I>will be calculated. On or after the <I>Effective Date</I>,
<I>Class&nbsp;Counsel </I>shall direct the <I>Financial Institution </I>to disburse the <I>Net Proceeds </I>to the <I>Plan </I>for
distribution by the <I>Plan</I>&#146;s trustee in accordance with the <I>Plan of Allocation</I>. The <I>Defendants </I>will
be excluded from the <I>Plan of Allocation</I>. The <I>Plan of Allocation </I>is a matter separate and apart
from the <I>Settlement </I>between the <I>Parties</I>, and no decision by the <I>Court </I>concerning the <I>Plan of
Allocation </I>shall affect the validity of the <I>Settlement Agreement </I>or finality of the <I>Settlement </I>in
any manner. Nothing herein shall constitute approval or disapproval of the <I>Plan of Allocation </I>by
the <I>Releasees</I>, and the <I>Releasees </I>shall have no responsibility or liability for the <I>Plan of
Allocation </I>and shall take no position for or against the <I>Plan of Allocation </I>before the <I>Court</I>, other
than as set forth in the following paragraph.


<P align="left" style="font-size: 12pt; text-indent: 8%">8.2.5. Defendants shall have no responsibility for structuring the content or fairness of the
<I>Plan of Allocation </I>but will review it for feasibility only before submission to the <I>Court</I>.
Reasonable and necessary costs incurred by <I>Class&nbsp;Counsel </I>and any third parties retained in
connection with implementation of the Plan of Allocation shall be paid from the <I>Settlement Fund</I>, as
approved by the <I>Court</I>. In the event that it is necessary and appropriate for CMS to retain a third
party with respect to implementation or allocation of the <I>Plan of Allocation</I>, CMS shall provide
advance notice to <I>Class&nbsp;Counsel</I>, and provided <I>Class&nbsp;Counsel </I>do not object, <I>Class&nbsp;Counsel </I>will pay
the reasonable costs of such third party out of the <I>Settlement Fund </I>subject to the approval of the
<I>Court</I>. <I>Class&nbsp;Counsel </I>shall not unreasonably object to the retention of such third-parties and will
in good faith consider the matter with the sole purpose of ensuring that settlement funds are not
expended unreasonably or unnecessarily. In the event that the parties have any dispute regarding
the retention of any third party, they shall petition the <I>Court </I>for a prompt resolution.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>TERMINATION OF THE <I>SETTLEMENT AGREEMENT</I></U></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt; text-indent: 2%">9.1. <U>Termination</U>. Automatic termination of this <I>Settlement Agreement</I>, thereby making
the <I>Settlement Agreement </I>null and void, will occur under the following circumstances:


<P align="left" style="font-size: 12pt; text-indent: 8%">9.1.1. If the <I>Court </I>declines to approve the <I>Settlement, </I>then this <I>Settlement Agreement </I>shall
automatically terminate and become null and void.


<P align="left" style="font-size: 12pt; text-indent: 8%">9.1.2. If any Court issues a final order modifying the <I>Settlement Agreement</I>, and if, within
ten (10)&nbsp;days after the date of any such ruling, the <I>Parties </I>have not agreed in writing to proceed
with all or part of the <I>Settlement Agreement </I>as modified by the <I>Court </I>or the <I>Parties, </I>then this
<I>Settlement Agreement </I>shall automatically terminate and become null and void.


<P align="left" style="font-size: 12pt; text-indent: 8%">9.1.3. If any or all of the conditions of Article&nbsp;2 of this <I>Settlement Agreement </I>are not fully
satisfied or waived in accordance with their terms and on the timetables set forth in that Article
and in Section&nbsp;7.2, then this <I>Settlement Agreement </I>shall terminate and become null and void, except
as provided in Section&nbsp;9.2.


<P align="left" style="font-size: 12pt; text-indent: 2%">9.2. <U>Consequences of Termination of the <I>Settlement Agreement</I></U>. If the <I>Settlement
Agreement </I>is terminated and rendered null and void for any reason specified in Section&nbsp;9.1, the
following shall occur:


<P align="left" style="font-size: 12pt; text-indent: 8%">9.2.1. Upon written request by counsel for <I>Defendants </I>or counsel for the <I>Carrier, Class
Counsel </I>shall within ten (10)&nbsp;days after the date of termination of the <I>Settlement Agreement </I>notify
the <I>Financial Institution </I>in writing to return to the <I>Carrier </I>the amounts contributed to the
<I>Settlement Fund</I>, with all net income earned thereon, after deduction of the amount earlier
disbursed or owed for the <I>Class&nbsp;Notice</I>, the expenses charged by the <I>Financial Institution</I>, and any
expense of the <I>Settlement Fund </I>disbursed or owed pursuant to Section&nbsp;7.1.2, directing the <I>Financial
Institution </I>to effect such return within ten (10)&nbsp;days.


<P align="left" style="font-size: 12pt; text-indent: 8%">9.2.2. The <I>Action </I>shall for all purposes with respect to the <I>Parties </I>revert to its status as
of the day immediately before the <I>Agreement Execution Date, </I>and the parties shall be restored to
the position they were prior to the <I>Settlement </I>being reached.


<P align="left" style="font-size: 12pt; text-indent: 8%">9.2.3. All provisions of this <I>Settlement Agreement </I>shall be null and void except as otherwise
provided herein. Neither the fact nor the terms of this <I>Settlement Agreement </I>shall be offered or
received in evidence in any action or proceeding for any purpose, except in an action or proceeding
arising under this <I>Settlement Agreement</I>.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>ATTORNEYS&#146; FEES AND EXPENSES</U></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt; text-indent: 2%">10.1. <U>Application for Attorneys&#146; Fees and Expenses</U>. Pursuant to the common fund
doctrine and/or any applicable statutory fee provision, <I>Class&nbsp;Counsel </I>may apply to the <I>Court </I>for an
award to <I>Class&nbsp;Counsel </I>of attorneys&#146; fees, and for reimbursement of expenses, to be paid from the
<I>Settlement Fund</I>. <I>Class&nbsp;Counsel </I>may apply to the <I>Court </I>for compensation to <I>Named Plaintiffs</I>,
payable solely from the <I>Settlement Fund</I>, and <I>Named Plaintiffs </I>shall be entitled to receive such
compensation from the <I>Settlement Fund </I>to the extent awarded by the <I>Court</I>. The Defendants shall
take no position on <I>Class&nbsp;Counsel&#146;s </I>application for fees, costs, and reimbursement of expenses or
on any such applications by <I>Named Plaintiffs</I>.


<P align="left" style="font-size: 12pt; text-indent: 2%">10.2. <U>Disbursement of Attorneys&#146; Fees and Expenses and <I>Named Plaintiffs </I>Compensation</U>.
Upon the later of (i)&nbsp;entry of an order by the <I>Court </I>awarding payment of attorneys&#146; fees and
expenses from the <I>Settlement Fund </I>and/or payment of <I>Named Plaintiffs </I>compensation from the
<I>Settlement Fund</I>, and (ii)&nbsp;the <I>Effective Date</I>, <I>Class&nbsp;Counsel </I>may instruct the <I>Financial Institution</I>
in writing to disburse such payments from the <I>Settlement Fund</I>. If at the time of any disbursement
from the <I>Settlement Fund </I>pursuant to Article&nbsp;8 there shall be a pending application for attorneys&#146;
fees or expenses or <I>Named Plaintiffs </I>compensation, there shall be reserved in the <I>Settlement Fund</I>
an amount equal to the amount of the pending application, until such time as the <I>Court </I>shall rule
upon such application<I>.</I>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>MISCELLANEOUS PROVISIONS</U></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt; text-indent: 2%">11.1. <U>Governing Law</U>. This <I>Settlement Agreement </I>shall be governed by the laws of the
State of Michigan without giving effect to the conflict of laws or choice of law provisions
thereof, except to the extent that the law of the United States governs any matter set forth
herein, in which case such federal law shall govern.


<P align="left" style="font-size: 12pt; text-indent: 2%">11.2. <U>Destruction of Materials</U>. Except for attorney notes, pleadings, transcripts,
and other court submissions and exhibits thereto, each <I>Party </I>that received material, including
confidential material obtained in formal discovery (as defined in the Stipulation and Order Re
Confidentiality entered by the Court on November&nbsp;16, 2005), material obtained in informal discovery
(including initial disclosure material provided pursuant to Federal Rule of Civil Procedure 26),
information provided for purposes of settlement, and all other confidential material, from an
opposing <I>Party </I>in the course of litigating this <I>Action</I>, shall, within thirty (30)&nbsp;days after the
<I>Effective Date</I>, certify that all such copies of such materials received from any other <I>Party</I>, in
its custody or control, including in the possession of consultants of the opposing <I>Party</I>, have been
destroyed.


<P align="left" style="font-size: 12pt; text-indent: 2%">11.3. <U>Severability</U>. The provisions of this <I>Settlement Agreement </I>are not severable.


<P align="left" style="font-size: 12pt; text-indent: 2%">11.4. <U>Amendment</U>. Before entry of the <I>Final Order</I>, the <I>Settlement Agreement </I>may be
modified or amended only by written agreement signed by or on behalf of all <I>Parties. </I>Following
entry of the <I>Final Order</I>, the <I>Settlement Agreement </I>may be modified or amended only by written
agreement signed on behalf of all <I>Parties</I>, and approved by the <I>Court</I>.<U> </U>


<P align="left" style="font-size: 12pt; text-indent: 2%">11.5. <U>Waiver</U>. The provisions of this <I>Settlement Agreement </I>may be waived only by an
instrument in writing executed by the waiving party<I>. </I>The waiver by any party of any breach of this
<I>Settlement Agreement </I>shall not be deemed to be or construed as a waiver of any other breach,
whether prior, subsequent, or contemporaneous, of this <I>Settlement Agreement</I>.


<P align="left" style="font-size: 12pt; text-indent: 2%">11.6. <U>Construction</U>. None of the <I>Parties </I>hereto shall be considered to be the drafter
of this <I>Settlement Agreement </I>or any provision hereof for the purpose of any statute, case law or
rule of interpretation or construction that would or might cause any provision to be construed
against the drafter hereof.


<P align="left" style="font-size: 12pt; text-indent: 2%">11.7. <U>Principles of Interpretation</U>. The following principles of interpretation apply
to this <I>Settlement Agreement</I>.


<P align="left" style="font-size: 12pt; text-indent: 8%">11.7.1. <U>Headings</U>. The headings of this <I>Settlement Agreement </I>are for reference
purposes only and do not affect in any way the meaning or interpretation of this <I>Settlement
Agreement</I>.


<P align="left" style="font-size: 12pt; text-indent: 8%">11.7.2. <U>Singular and Plural</U>. Definitions apply to the singular and plural forms of
each term defined.


<P align="left" style="font-size: 12pt; text-indent: 8%">11.7.3. <U>Gender</U>. Definitions apply to the masculine, feminine, and neuter genders of
each term defined.


<P align="left" style="font-size: 12pt; text-indent: 8%">11.7.4. <U>References to a <I>Person</I></U>. References to a <I>Person </I>are also to the <I>Person</I>&#146;s
permitted successors and assigns.


<P align="left" style="font-size: 12pt; text-indent: 8%">11.7.5. <U>Terms of Inclusion</U>. Whenever the words &#147;include,&#148; &#147;includes&#148; or &#147;including&#148;
are used in this <I>Settlement Agreement</I>, they shall not be limiting but rather shall be deemed to be
followed by the words &#147;without limitation.&#148;


<P align="left" style="font-size: 12pt; text-indent: 2%">11.8. <U>Further Assurances</U>. Each of the <I>Parties </I>agrees, without further consideration
and as part of finalizing the <I>Settlement </I>hereunder, that they will in good faith execute and
deliver such other documents and take such other actions as may be necessary to consummate and
effectuate the subject matter and purpose of this <I>Settlement Agreement.</I>


<P align="left" style="font-size: 12pt; text-indent: 2%">11.9. <U>Survival</U>. All representations, warranties and covenants set forth in this
<I>Settlement Agreement </I>shall be deemed continuing and shall survive the <I>Effective Date</I>. The
provisions of Section&nbsp;9 above shall apply in the event of the termination of this <I>Settlement
Agreement</I>.


<P align="left" style="font-size: 12pt; text-indent: 2%">11.10. <U>Notices</U>. Any notice, demand or other communication under this <I>Settlement
Agreement </I>(other than the <I>Class&nbsp;Notice</I>, or other notices given at the direction of the <I>Court</I>) shall
be in writing and shall be deemed duly given upon receipt if it is addressed to each of the
intended recipients as set forth below and personally delivered, sent by registered or certified
mail (postage prepaid), sent by confirmed facsimile, or delivered by reputable express overnight
courier:



<P align="left" style="margin-left:12%; font-size: 12pt">IF TO <I>PLAINTIFFS</I>:



<P align="left" style="margin-left:12%; font-size: 12pt">Lynn Lincoln Sarko



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">Derek W. Loeser



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">Keller Rohrback L.L.P.



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">1201 Third Avenue, Suite&nbsp;3200



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">Seattle, WA 98101-3052



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">Fax: (206)&nbsp;623-3384



<P align="left" style="margin-left:12%; font-size: 12pt">Justin Campbell
<BR>
Robin L. Harrison
<BR>
Campbell, Harrison &#038; Dagley, LLP
<BR>
4000 Two Houston Center
<BR>
909 Fannin Street
<BR>
Houston, TX 77010
<BR>
Fax: (713)&nbsp;752-2330



<P align="left" style="margin-left:12%; font-size: 12pt">Ellen M. Doyle
<BR>
Malakoff Doyle &#038; Finberg, P.C.
<BR>
437 Grant Street, Suite&nbsp;200
<BR>
Pittsburgh, PA 15219



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">Fax: (412)&nbsp;281-3262



<P align="left" style="margin-left:12%; font-size: 12pt">J. Brian McTigue
<BR>
Greg Porter
<BR>
Cornish F. Hitchcock
<BR>
McTigue Law Firm
<BR>
5301 Wisconsin Avenue NW, Suite&nbsp;350
<BR>
Washington, DC 20015



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">Fax: (202)&nbsp;364-9960



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">IF TO <I>DEFENDANTS</I>:



<P align="left" style="margin-left:12%; font-size: 12pt">Wilbur H. Boies, P.C.
<BR>
Nancy G. Ross
<BR>
Chris C. Scheithauer
<BR>
McDermott Will &#038; Emery LLP
<BR>
227 West Monroe Street, Suite&nbsp;4400
<BR>
Chicago, IL 60606-5096
<BR>
Fax: (312)&nbsp;984-7700



<P align="left" style="margin-left:12%; font-size: 12pt">Michael G. Wilson
<BR>
Consumers Energy Company
<BR>
One Energy Plaza
<BR>
212 West Michigan Avenue
<BR>
Jackson, MI 49201
<BR>
Fax: (517)&nbsp;768-3141



<P align="left" style="margin-left:12%; font-size: 12pt">James K. Robinson
<BR>
Cadwalader, Wickersham &#038; Taft LLP
<BR>
1201 F Street NW, Suite&nbsp;1100
<BR>
Washington, DC 20004
<BR>
Fax: (202)&nbsp;862-2400



<P align="left" style="margin-left:12%; font-size: 12pt">James G. Munisteri
<BR>
Gardere Wynne Sewell LLP
<BR>
1000 Louisiana, Suite&nbsp;3400
<BR>
Houston, TX 77002-5007
<BR>
Fax: (713)&nbsp;276-5555



<P align="left" style="margin-left:12%; font-size: 12pt">Neil A. Steiner
<BR>
Dechert LLP
<BR>
30 Rockefeller Plaza
<BR>
New York, NY 10112-2200
<BR>
Fax: (212)&nbsp;698-3599



<P align="left" style="margin-left:12%; font-size: 12pt">Ryan T. Scarborough
<BR>
Williams &#038; Connolly LLP
<BR>
725 Twelfth Street NW
<BR>
Washington, DC 20005-5901
<BR>
Fax: (202)&nbsp;434-5029



<P align="left" style="margin-left:12%; font-size: 12pt">Joseph J. Reilly
<BR>
Sullivan &#038; Cromwell L.L.P.
<BR>
1701 Pennsylvania Avenue, N.W.
<BR>
Washington, DC 20006
<BR>
Fax: (202)&nbsp;293-6330



<P align="left" style="margin-left:12%; font-size: 12pt">Lewis J. Liman
<BR>
Jeffrey Jordan
<BR>
Cleary Gottlieb Steen &#038; Hamilton LLP
<BR>
One Liberty Plaza
<BR>
New York, NY 1006



<P align="left" style="margin-left:12%; font-size: 12pt">IF TO <I>CARRIER</I>:



<P align="left" style="margin-left:12%; font-size: 12pt">Martin B. Schnabel
<BR>
AEGIS Insurance Services, Inc.
<BR>
10 Exchange Place
<BR>
Jersey City, NJ 07302
<BR>
Fax: (201)&nbsp;462-7269



<P align="left" style="margin-left:12%; font-size: 12pt">Darius N. Kandawalla
<BR>
Bailey Cavalieri LLC
<BR>
10 West Broad Street, Suite&nbsp;2100
<BR>
Columbus, OH 43215
<BR>
Fax: (614)&nbsp;229-3255



<P align="left" style="margin-left:12%; font-size: 12pt">Howard Shapiro
<BR>
Proskauer Rose LLP
<BR>
LL&#038;E Tower, Suite&nbsp;1100
<BR>
909 Poydras Street
<BR>
New Orleans, LA 70112-4017


<P align="left" style="font-size: 12pt; text-indent: 4%">Any Party may change the address at which it is to receive notice by written notice delivered
to the other <I>Parties </I>in the manner described above.


<P align="left" style="font-size: 12pt; text-indent: 2%">11.11. <U>Entire Agreement</U>. This <I>Settlement Agreement </I>contains the entire agreement
among the <I>Parties </I>relating to this <I>Settlement</I>. It specifically supersedes any settlement terms or
<I>Settlement Agreement</I>s relating to the <I>Defendants </I>that were previously agreed upon orally or in
writing by any of the <I>Parties</I>.<U> </U>


<P align="left" style="font-size: 12pt; text-indent: 2%">11.12. <U>Counterparts</U>. This <I>Settlement Agreement</I>, and any amendments thereto, and
waivers of conditions, may be executed by exchange of faxed executed signature pages, and any
signature transmitted by facsimile for the purpose of executing this <I>Settlement Agreement </I>shall be
deemed an original signature for purposes of this <I>Settlement Agreement. </I>This <I>Settlement Agreement</I>
may be executed in two or more counterparts, each of which shall be deemed to be an original, but
all of which, taken together, shall constitute one and the same instrument.


<P align="left" style="font-size: 12pt; text-indent: 2%">11.13. <U>Binding Effect</U>. This <I>Settlement Agreement </I>binds and inures to the benefit of
the <I>Parties </I>hereto, their assigns, heirs, administrators, executors and successors.

&nbsp;

<P align="left" style="font-size: 12pt; text-indent: 2%">11.14. <U> <I>Agreement Execution Date</I></U>. The date on which the final signature is affixed
below shall be the <I>Agreement Execution Date</I>.


<P align="left" style="font-size: 12pt">IN WITNESS WHEREOF, the <I>Parties </I>have executed this <I>Settlement Agreement </I>on the dates set forth
below.

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="44%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">FOR <I>PLAINTIFFS</I>:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:________________________</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Lynn Lincoln Sarko<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Derek Loeser<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Gary Gotto<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Amy Hanson<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Keller Rohrback L.L.P.<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">1201 Third Avenue, Suite 3200</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Seattle, WA 98101-3052<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Class Counsel for Plaintiffs</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Justin Campbell<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Campbell, Harrison &#038; Dagley, LLP<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">4000&nbsp;Two Houston Center</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">909 Fannin Street</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Houston, TX 77010<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Class Counsel for Plaintiffs</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><I>&nbsp;</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Ellen M. Doyle<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Malakoff Doyle &#038; Finberg, P.C.<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">437 Grant Street, Suite 200</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Pittsburgh, PA 15219<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Class Counsel for Plaintiffs</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">________________________</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">J. Brian McTigue<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Gregory Porter<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Cornish F. Hitchcock<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">McTigue Law Firm<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">5301 Wisconsin Ave NW, Suite 350</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Washington, D.C. 20015<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Class Counsel for Plaintiffs</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Jeffrey T. Meyers (P34348)<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Morgan &#038; Meyers PLC<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">3200 Greenfield, Suite 260</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Dearborn, MI 48120-1802<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Liaison Counsel for Plaintiffs</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><I>&nbsp;</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Barry D. Adler (P30557)<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Adler &#038; Associates<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">30300 Northwestern Highway, Suite 304</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Farmington Hills, MI  48334<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Liaison Counsel for Plaintiffs</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">FOR <I>DEFENDANTS</I>:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Wilbur H. Boies, P.C.<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Nancy G. Ross<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Chris C. Scheithauer<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">McDermott Will &#038; Emery LLP<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">227 West Monroe Street, Suite 4400</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Chicago, IL 60606-5096<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Counsel for Defendants CMS Energy</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Corp., CMS Marketing Services and</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Trading Company, Laura L. Mountcastle,</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Victor J. Fryling, Estate of Thomas</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>McNish, John M. Deutch, James J.</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Duderstadt, Kathleen R. Flaherty, Earl</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>D. Holton, Percy A. Pierre, Kenneth L.</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Way, Kenneth Whipple, and John B.</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Yasinsky</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><I>&nbsp;</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Todd A. Holleman<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Miller, Canfield, Paddock<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">&#038; Stone, P.L.C.<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">150 West Jefferson, Suite 2500</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Detroit, MI  48226-4415<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Counsel for Defendants CMS Energy</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Corp., CMS Marketing Services and</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Trading Company, Laura L. Mountcastle,</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Victor J. Fryling, Estate of Thomas</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>McNish, John M. Deutch, James J.</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Duderstadt, Kathleen R. Flaherty, Earl</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>D. Holton, Percy A. Pierre, Kenneth L.</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Way, Kenneth Whipple, and John B.</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Yasinsky</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Michael G. Wilson<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Consumers Energy Company<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">One Energy Plaza<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">212 West Michigan Avenue</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Jackson, MI 49201<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Counsel for Defendant Consumers Energy</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Company</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">James K. Robinson<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Cadwalader, Wickersham &#038; Taft LLP<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">1201 F Street NW, Suite 1100</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Washington, DC 20004<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Counsel for Defendant Preston D. Hopper</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">William A. Sankbeil<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Kerr Russell &#038; Weber<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Suite 2500, Detroit Center<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">500 Woodward Avenue</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Detroit, MI 48226<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Counsel for Defendant Tamela Pallas</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">James G. Munisteri<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Gardere Wynne Sewell LLP<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">1000 Louisiana, Suite 3400</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Houston, TX 77002-5007<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Counsel for Defendant Tamela Pallas</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Samuel C. Damren<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Dykema Gossett, PLLC<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">400 Renaissance Center</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Detroit, MI 48243<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Counsel for Defendant David W. </I>Joos<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Neil A. Steiner<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Dechert LLP<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">30 Rockefeller Plaza</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">New York, NY 10112-2200<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Counsel for Defendant David W. Joos</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Philip J. Kessler<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Sheldon Klein<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Butzel Long, P.C.<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">150 West Jefferson, Suite 900</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Detroit, MI 48226-4450<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Counsel for Defendant William T.</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>McCormick, </I>Jr<I>.</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Ryan T. Scarborough<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Williams &#038; Connolly LLP<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">725 Twelfth Street NW</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Washington, DC 20005-5901<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Counsel for Defendant William T.</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>McCormick, Jr.</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Joseph J. Reilly<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Sullivan &#038; Cromwell L.L.P.<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">1701 Pennsylvania Avenue, N.W.</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Washington, DC 20006<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Counsel for William U. Parfet</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><I>&nbsp;</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Richard A. Rossman<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">James D. VandeWyngearde<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">PEPPER HAMILTON LLP<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">100 Renaissance Center, 36th Floor</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Detroit, MI 48243-1157<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Counsel for Defendant Alan Wright</I><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dated:&nbsp;_______________________
_</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By: ___________________________________<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Lewis J. Liman<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Jeffrey Jordan<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">CLEARY, GOTTLIEB, STEEN<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">&#038; HAMILTON LLP<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">One Liberty Plaza<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">New York, NY 10006<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left"><I>Counsel for Defendant Alan Wright</I><BR></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt; display: none">


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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exhibit2.htm
<DESCRIPTION>EX-99.2
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> EX-99.2 </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">

<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt"><FONT style="font-size: 12pt">UNITED STATES DISTRICT COURT
<BR>
SOUTHERN DISTRICT OF NEW YORK
</FONT>
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="54%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">x
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">IN RE: NATURAL GAS COMMODITY LITIGATION
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:<BR>
:<BR>
x
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Master File No.<BR>
03 CV 6186 (VM)<BR>
<BR></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">THIS DOCUMENT RELATES TO: ALL ACTIONS
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:<BR>
:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Hon. Victor Marrero, USDJ<BR>
<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">x
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 12pt"><U><B>STIPULATION AND AGREEMENT OF SETTLEMENT</B></U>



<P align="left" style="font-size: 12pt; text-indent: 4%">THIS STIPULATION AND AGREEMENT OF SETTLEMENT (the &#147;<B>Settlement Agreement</B>&#148;) is made and entered
into on February&nbsp;28, 2006, pursuant to Rule&nbsp;23 of the Federal Rules of Civil Procedure. This
Settlement Agreement is entered into on behalf of plaintiffs and the Class (as defined in Section
l(c) hereof), by and through plaintiffs&#146; Lead Counsel (as defined in Section 1(j) hereof), and
behalf of CMS Field Services (now known as Cantera Gas Company LLC) and CMS Marketing Services &#038;
Trading Company (now known as CMS Energy Resource Management Company) (both entities collectively,
&#147;CMS&#148;), by and through its counsel of record in this action.


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS, Representative Plaintiffs (as defined in Section 1(q) hereof) have alleged, among
other things, that CMS acted unlawfully by manipulating and aiding and abetting the alleged
manipulation of the prices of natural gas futures contracts and options on natural gas futures
contracts traded on the NYMEX division of the New York Mercantile Exchange Inc. (hereinafter
referred to as &#147;<B>NYMEX</B>&#148;) in violation of the Commodity Exchange Act (&#147;<B>CEA</B>&#148;), 7 U.S.C. &#167; 1 <I>et seq.</I>;


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS, CMS denies each and every one of Representative Plaintiffs&#146; allegations of unlawful
conduct, and moved to dismiss plaintiffs&#146; complaint on the grounds that the substantive allegations
therein fail to state a claim;


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS, CMS disclaims any wrongdoing or liability whatsoever;


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS, plaintiffs&#146; Lead Counsel consider the settlement set forth herein to be fair,
reasonable, adequate and in the best interests of plaintiffs, including all Members of the Class
(as defined in Section 1(e) hereof), and have determined that it is in the best interests of the
Class to enter into this Settlement Agreement in order to avoid the uncertainties of this complex
litigation, and to assure a benefit to the Class;


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS, CMS has concluded, despite its belief that it is not liable for the claims asserted
and has good defenses thereto, that it will enter into this Settlement Agreement to avoid the
further expense, inconvenience and burden of this protracted litigation, and the distraction and
diversion of its personnel and resources, and to put to rest this controversy, and to avoid the
risks inherent in uncertain complex litigation, and to avoid the expense and risks inherent in any
possible litigation raising similar claims;


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS, arm&#146;s-length settlement negotiations have taken place between Representative
Plaintiffs and CMS, and this Settlement Agreement has been reached, subject to the final approval
of the Court; and


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS, for purposes of this Settlement Agreement only, the parties hereto stipulate to
certification of a Class for settlement purposes pursuant to Rule 23(a) and 23(b)(3) of the Federal
Rules of Civil Procedure;


<P align="left" style="font-size: 12pt; text-indent: 4%">NOW THEREFORE, it is agreed by the undersigned, on behalf of CMS and the Class, that the
Action (as defined in Section l(a) hereof) and the Released Claims (as defined in Section l(o)
hereof) be settled, compromised and dismissed on the merits and with prejudice as to CMS, and
without costs as to Representative Plaintiffs or CMS, subject to the approval of the Court, on the
following terms and conditions:


<P align="left" style="font-size: 12pt; text-indent: 8%">1.&nbsp;<B>Terms Used In This Settlement Agreement</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">The words and terms used in this Settlement Agreement which are expressly defined below shall
have the meaning ascribed to them.


<P align="left" style="font-size: 12pt; text-indent: 4%">(a)&nbsp;&#147;<B>Action</B>&#148; shall mean In re Natural Gas Commodity Litigation, 03 Civ. 6186 (VM), and each
and every individual action that has been consolidated therein including, without limitation,
<I>Cornerstone Propane Partners, L.P. v. Reliant Energy, et al</I>. (S.D.N.Y. No.&nbsp;03 Civ. 6186)<I>, Roberto
E. Calle Gracey v. American Electric Power Co., Inc., et al. </I>(S.D.N.Y. No.&nbsp;03 Civ. 7750)<I>, Dominick
Viola v. Reliant Energy, et al</I>. (S.D.N.Y. No.&nbsp;03 Civ. 9039); <I>Cornerstone Propane Partners, L.P. v.
Coral Energy Resources L.P., et al. </I>(S.D.N.Y. No.&nbsp;03 Civ. 8320), <I>Cornerstone Propane Partners,
L.P., et al. v. e-prime, Inc., et al. </I>(S.D.N.Y. No.&nbsp;04 Civ. 758)<I>, and Cornerstone Propane Partners,
L.P., et al. v. Western Gas Resources, Inc. et al</I>. (S.D.N.Y. No.&nbsp;04 Civ. 7415).


<P align="left" style="font-size: 12pt; text-indent: 4%">(b)&nbsp;&#147;<B>Any</B>&#148; shall mean one or more.


<P align="left" style="font-size: 12pt; text-indent: 4%">(c)&nbsp;The &#147;<B>Class</B>&#148; shall mean all Persons (as defined in Section 1(n) hereof) who purchased,
sold, or settled NYMEX Natural Gas Contracts (as defined in Section l(k) hereof), as an opening or
closing transaction or otherwise, between June&nbsp;1, 1999 and December&nbsp;31, 2002, inclusive. Excluded
from the Class are the Defendants (as defined in Section l(l) hereof) in the Action, their
employees, any parents, subsidiaries or affiliates of the Defendants, any entity in which any of
the Defendants has a controlling interest or had a controlling interest during the Class&nbsp;Period,
and the legal representatives, heirs, successors or assigns of any of the Defendants.


<P align="left" style="font-size: 12pt; text-indent: 4%">(d)&nbsp;<B>&#147;Class&nbsp;Counsel&#148; </B>shall mean counsel of record for the Class in the Action.


<P align="left" style="font-size: 12pt; text-indent: 4%">(e)&nbsp;&#147;<B>Class&nbsp;Member</B>,&#148; &#147;<B>Member</B>,&#148; or &#147;<B>Member of the Class</B>&#148; shall mean a Person who falls within
the definition of the Class as set forth in Section 1(c) and who has not timely requested exclusion
from the Class.


<P align="left" style="font-size: 12pt; text-indent: 4%">(f)&nbsp;&#147;<B>Class&nbsp;Notice</B>&#148; shall mean notice given to the Class pursuant to this Settlement Agreement
in the manner and form approved by the Court and which is in compliance with Rule&nbsp;23 of the Federal
Rules of Civil Procedure.


<P align="left" style="font-size: 12pt; text-indent: 4%">(g)&nbsp;&#147;<B>Class&nbsp;Period</B>&#148; shall mean the period of June&nbsp;1, 1999 through December&nbsp;31, 2002, inclusive.


<P align="left" style="font-size: 12pt; text-indent: 4%">(h)&nbsp;&#147;<B>Effective Date</B>&#148; shall mean the date set forth in Section&nbsp;11 of this Settlement Agreement.


<P align="left" style="font-size: 12pt; text-indent: 4%">(i)&nbsp;&#147;<B>Final Judgment</B>&#148; shall mean a final judgment and order of dismissal substantially in the
form of Exhibit&nbsp;B to this Settlement Agreement, which is to be entered by the Court finally
approving the terms of this Settlement Agreement and dismissing this Action with prejudice as to
CMS.


<P align="left" style="font-size: 12pt; text-indent: 4%">(j)&nbsp;&#147;<B>Lead Counsel</B>&#148; shall mean Finkelstein, Thompson &#038; Loughran, Labaton Sucharow &#038; Rudoff LLP,
Lovell Stewart Halebian LLP, and Lowey Dannenberg Bemporad &#038; Selinger, P.C., acting pursuant to the
authority conferred in Pre-Trial Order No.&nbsp;1 and subsequent stipulations and orders.


<P align="left" style="font-size: 12pt; text-indent: 4%">(k)&nbsp;A &#147;<B>NYMEX Natural Gas Contract</B>&#148; shall mean any commodity futures (including any option
thereon), basis, or swap contract related to natural gas that was traded on NYMEX, or any
combination thereof, that was transacted or settled during the Class&nbsp;Period.


<P align="left" style="font-size: 12pt; text-indent: 4%">(l)&nbsp;&#147;<B>Defendants</B>&#148; shall mean American Electric Power Co., Inc., AEP Energy Service, Inc.,
Aquila Energy Marketing Corp., Aquila Merchant Services, Inc., Calpine Energy Services, L.P.,
Cinergy Marketing and Trading, L.P., Cinergy Corp., CMS, Cook Inlet Energy Supply LLC, Coral Energy
Holding LP, Coral Energy Resources, LP, Duke Energy Trading and Marketing, LLC, Dynegy Marketing
and Trade, West Coast Power LLC, El Paso Merchant Energy, L.P., El Paso Corp., EnCana Corp., WD
Energy Services, Inc., Enserco Energy, Inc., Entergy-Koch Trading, L.P., e prime, Inc., MidAmerican
Energy Co., Mieco Inc., ONEOK Energy and Marketing Co., L.P, ONEOK Energy Marketing and Trading
Company, L.P., ONEOK, Inc., Reliant Energy Services, Inc., Sempra Energy Trading, Western Gas
Resources, Inc., Williams Power Company, Inc. (formerly known as Williams Energy Marketing &#038;
Trading Co., Inc.), The Williams Companies, Inc. as well as any other Persons who or which may
hereafter be named as defendants in the above-captioned litigation and Action.


<P align="left" style="font-size: 12pt; text-indent: 4%">(m)&nbsp;&#147;<B>Other Defendant</B>&#148; shall mean any and/or all Defendants other than CMS.


<P align="left" style="font-size: 12pt; text-indent: 4%">(n)&nbsp;&#147;<B>Person</B>&#148; shall mean an individual, corporation, partnership, association, proprietorship,
trust, governmental or quasi-governmental body or political subdivision or any agency or
instrumentality thereof, or any other entity or organization.


<P align="left" style="font-size: 12pt; text-indent: 4%">(o)&nbsp;&#147;<B>Released Claims</B>&#148; shall mean those claims identified in Section&nbsp;5 of this Settlement
Agreement.


<P align="left" style="font-size: 12pt; text-indent: 4%">(p)&nbsp;&#147;<B>Released Parties</B>&#148; shall mean CMS, CMS&#146;s predecessors, CMS&#146;s successors, and the present
or former members, principals, officers, directors, employees, agents, assigns, attorneys,
insurers, shareholders, advisors, parents, subsidiaries, affiliates, joint ventures, partnerships
and associates (as defined in SEC Rule&nbsp;12b-2 promulgated pursuant to the Securities Exchange Act of
1934) of CMS, CMS&#146;s predecessors and/or CMS&#146;s successors&#146;, in any capacity related to CMS and its
predecessors or successors, but not in any capacity related to any of the Other Defendants; and
each of their assigns, representatives, heirs, executors and administrators (and present or former
members, principals, officers, directors, employees, agents, assigns, attorneys, insurers,
shareholders, advisors, parents, subsidiaries, affiliates, joint ventures, partnerships or
associates of all such parents, subsidiaries, affiliates, joint ventures, partnerships or
associates in any capacity related to CMS but not in any capacity related to any of the Other
Defendants). Released Parties shall, with respect to CMS and this Settlement Agreement, not
include (i)&nbsp;any of the Other Defendants or (ii)&nbsp;any of the foregoing Persons in any capacity
related to any of the Other Defendants.


<P align="left" style="font-size: 12pt; text-indent: 4%">(q)&nbsp;&#147;<B>Representative Plaintiffs</B>&#148; shall mean each Person named as a plaintiff in the Action who
was not subsequently withdrawn as a plaintiff.


<P align="left" style="font-size: 12pt; text-indent: 4%">(r)&nbsp;&#147;<B>Settlement Amount</B>,&#148; with respect to CMS and this Settlement Agreement, shall mean the
amount to be paid by CMS into an In re Natural Gas Commodity Litigation escrow account as set forth
in Section&nbsp;3 hereof, and interest thereon.


<P align="left" style="font-size: 12pt; text-indent: 4%">(s)&nbsp;&#147;<B>Settling Plaintiffs</B>&#148; shall mean the Representative Plaintiffs and other Members of the
Class, including their successors and assigns, who have not timely opted out of the settlement and
excluded themselves from the Class pursuant to Fed. R. Civ. P. 23(c).


<P align="left" style="font-size: 12pt; text-indent: 4%">(t)&nbsp;&#147;<B>Supplemental Agreement</B>&#148; shall mean the supplemental agreement being entered into
contemporaneously with this Settlement Agreement by the parties hereto, which shall be considered
part of this Settlement Agreement as if fully incorporated herein. The terms of the Supplemental
Agreement shall be disclosed only as permitted by Section&nbsp;15 of this Settlement Agreement or as
otherwise Ordered by the Court.


<P align="left" style="font-size: 12pt; text-indent: 4%">(u)&nbsp;&#147;<B>Taxes</B>&#148; shall mean any and all federal, state and local taxes payable on interest or other
income attributable to the Settlement Amount.


<P align="left" style="font-size: 12pt; text-indent: 4%">(v)&nbsp;&#147;<B>Tax Expenses</B>&#148; shall mean expenses incurred in the computation, reporting and payment of
Taxes, as approved by the Court.


<P align="left" style="font-size: 12pt; text-indent: 8%">2.&nbsp;<B>Settlement Class</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">Solely for the purposes of this Settlement Agreement, and without prejudice to the parties&#146;
positions in the event the Settlement Agreement is terminated for any reason, and for the exclusive
benefit of the Settling Plaintiffs, CMS hereby consents to the certification of the Class, and
plaintiffs agree to propose such Class to the Court and to provide appropriate evidentiary support
therefor as part of the parties&#146; efforts to obtain approval of this Settlement Agreement.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.&nbsp;<B>Monetary Terms</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">(a)&nbsp;Subject to the terms of this Settlement Agreement (including the Supplemental Agreement),
and in settlement of the claims of the Class defined in Section 1(c) and of all claims in the
Action, and in consideration of the release set forth in Section&nbsp;5 hereof, CMS agrees that it shall
pay a total of $6,975,000.00 (the &#147;<B>Settlement Amount</B>&#148;), within ten (10)&nbsp;business days after the
preliminary approval of the Settlement by the Court, into an interest bearing, segregated In re
Natural Gas Commodity Litigation escrow account (the &#147;Settlement Fund&#148;) which shall be maintained
by Lead Counsel under supervision of the Court, and shall be distributed solely at such times, in
such manner and to such Persons as shall be directed by subsequent orders of the Court. The
parties intend that the Settlement Fund be treated as a &#147;qualified settlement fund&#148; within the
meaning of Treasury Regulation &#167; 1.468B. Lead Counsel shall ensure that the Settlement Fund at all
times complies with Treasury Regulation &#167; 1.468B in order to maintain its treatment as a qualified
settlement fund. To this end, Lead Counsel shall ensure that the Settlement Fund is approved by
the Court as a qualified settlement fund and that any escrow agent or other administrator of the
Settlement Fund complies with all requirements of Treasury Regulation &#167; 1.468B-2.


<P align="left" style="font-size: 12pt; text-indent: 4%">(b)&nbsp;If CMS fails to pay all or any part of the Settlement Amount when due, then Lead Counsel,
on ten (10)&nbsp;days&#146; written notice to CMS&#146;s counsel, during which 10-day period CMS shall have the
opportunity to cure the default without penalty, may withdraw from this Settlement Agreement or
elect to enforce it. CMS&#146;s obligation to pay may be enforced in the Action as provided by the
Federal Rules of Civil Procedure.


<P align="left" style="font-size: 12pt; text-indent: 4%">(c)&nbsp;Other than payment of the Settlement Amount into the Settlement Fund, CMS shall have no
financial obligations and shall not be liable for any further amounts pursuant to this Settlement
Agreement. The Settling Plaintiffs shall look solely to the Settlement Fund for settlement and
satisfaction against CMS of all claims that are released hereunder. Except as provided herein, or
by subsequent order of the Court, no Class&nbsp;Member shall have any interest in the Settlement Fund or
any portion thereof.


<P align="left" style="font-size: 12pt; text-indent: 8%">4.&nbsp;<B>Cooperation</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">CMS agrees that, pursuant to this Settlement Agreement, it will provide the following
cooperation insofar as providing such cooperation shall not require CMS to provide any information
protected from disclosure by any privilege or work product protection:


<P align="left" style="font-size: 12pt; text-indent: 4%">(a)&nbsp;CMS shall at Plaintiffs&#146; expense, to the extent required (under Federal Rule of Evidence
901(a)) for trial of the Action, authenticate any documents or materials produced in this Action.
Such requests by plaintiffs for authentication will be of reasonable scope and upon reasonable
notice to CMS, and shall not require CMS to retain any third party, including former employees, to
comply with this section; and


<P align="left" style="font-size: 12pt; text-indent: 4%">(b)&nbsp;CMS shall provide to Lead Counsel copies of all of its records of its natural gas price
reports to natural gas price index publications and all of its databases of its natural gas trades,
insofar as it provided such reports and databases, as of the date this Settlement Agreement is
executed, to the U.S. Commodity Futures Trading Commission in connection with <I>In re CMS Marketing
Services and Trading Company and CMS Field Services, Inc.</I>, CFTC Docket No.&nbsp;04-05, or certify in
writing that all such reports and databases have been produced to Representative Plaintiffs in this
matter;


<P align="left" style="font-size: 12pt; text-indent: 4%">(c)&nbsp;CMS shall accept service of any trial subpoenas of CMS for the trial of the Action. By
agreeing to accept service, CMS does not waive its right to object to any trial subpoena on any
grounds whatsoever.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.&nbsp;<B>Release and Covenant Not To Sue</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">(a)&nbsp;As an express and material condition of this Settlement Agreement, upon the Effective
Date, the Settling Plaintiffs shall be deemed to have, and by operation of the Final Judgment shall
have, fully, finally and forever released and discharged the Released Parties from, and shall
covenant not to sue the Released Parties for or with respect to, all manner of claims, rights,
demands, actions, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills,
specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses,
judgments, extents, executions, and causes of action in law, admiralty or equity, whether class,
individual, or otherwise in nature, damages, whenever incurred, and liabilities of any nature
whatsoever, including costs, expenses, penalties and attorneys&#146; fees, whether known or unknown,
suspected or unsuspected, whether concealed or hidden, or in law, admiralty or equity, that the
Settling Plaintiffs, or any of them, individually, or as a class (whether or not they make a claim
upon or participate in the Settlement Fund), ever had, now have or hereafter can, shall or may
have, against the Released Parties arising from or relating in any way to trading during the Class
Period in NYMEX Natural Gas Contracts (including purchasing, selling, or holding any NYMEX Natural
Gas Contract, or taking or making delivery of physical natural gas pursuant to any NYMEX Natural
Gas Contract, or any combination thereof, whether as a hedger or speculator), whether or not
asserted in the Action, including, without limitation, claims which (i)&nbsp;arise from or relate in any
way to any conduct complained of in any complaint filed in the Action, (ii)&nbsp;have been asserted or
could have been asserted in any state or federal court or any other judicial or arbitral forum
against the Released Parties or any one of them, (iii)&nbsp;arise under or relate to any federal or
state commodity price manipulation law, any state or federal unfair or deceptive business or trade
practices law, or other law or regulation, or common law, including, without limitation, the CEA,
the federal antitrust laws (as that term is defined in 15 U.S.C. &#167; 12), or state antitrust laws
and/or (iv)&nbsp;the claims brought in the Action. The Final Judgment shall expressly enjoin the
Settling Plaintiffs from asserting any such claims against the Released Parties. Notwithstanding
the foregoing, and in addition to the foregoing, in the event that the Settling Plaintiffs settle
the Action with any Other Defendant, the scope of the release and covenant not to sue provided
herein by the Settling Plaintiffs to Released Parties shall be at least as broad as the scope of
the release provided by the Settling Plaintiffs to any Other Defendant in this Action and this
release shall be deemed to be expanded in the event any broader release is subsequently provided by
the Settling Plaintiffs to any Other Defendant in the Action. Notwithstanding the provisions of
Section&nbsp;21, any such expansion of the release shall be effected without need for further writing.


<P align="left" style="font-size: 12pt; text-indent: 4%">(b)&nbsp;Except for the obligations arising under this Settlement Agreement, each Settling
Plaintiff hereby expressly and completely waives and releases any and all rights or benefits which
they have or may have under Section&nbsp;1542 of the California Civil Code, and any similar provision in
any other jurisdiction. Section&nbsp;1542 provides as follows:


<P align="left" style="margin-left:8%; margin-right:8%; font-size: 12pt">A general release does not extend to claims which the creditor does
not know or suspect to exist in his or her favor at the time of
executing the release, which if known by him or her must have
materially affected his or her settlement with the debtor.


<P align="left" style="font-size: 12pt">Each Settling Plaintiff expressly waives all of these rights notwithstanding that such Settling
Plaintiff may hereafter discover facts other than or different from those which he, she, or it
knows, believes, or suspects with respect to the subject matter of this Section&nbsp;5. Nevertheless,
it is the intention of each Settling Plaintiff, through this Settlement Agreement, and with the
ability to seek independent advice of counsel, to fully, finally and forever settle and release all
such claims. In furtherance of such intention, the releases herein given by the Settling
Plaintiffs shall be and remain in effect as full and complete releases of the claims set forth in
the Action, notwithstanding the later discovery or existence of any such additional or different
facts relative hereto or the later discovery of any such additional or different claims that would
fall within the scope of the release provided in Section 5(a) of this Settlement Agreement, as if
such facts or claims had been known at the time of this release.


<P align="left" style="font-size: 12pt; text-indent: 4%">(c)&nbsp;As an express and material condition of this Settlement Agreement, the Court shall enter
an order, in the Final Judgment and Order of Dismissal or otherwise, barring claims by the Other
Defendants against the Released Parties for contribution or indemnification (however denominated)
for all or a portion of any amounts any Other Defendant has paid or may pay in the Action by way of
settlement, judgment, or otherwise.


<P align="left" style="font-size: 12pt; text-indent: 8%">6.&nbsp;<B>Motion for Preliminary Approval</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">(a)&nbsp;Within thirty (30)&nbsp;days of the date hereof, Lead Counsel shall submit to the Court this
Settlement Agreement and shall move the Court for preliminary approval of the settlement and
certification solely for settlement purposes the Class as defined in Section 1(c) hereof.
Representative Plaintiffs&#146; Lead Counsel shall also inform the Court of the terms of the
Supplemental Agreement.


<P align="left" style="font-size: 12pt; text-indent: 4%">(b)&nbsp;Lead Counsel shall request that the Court make a decision promptly on the motion for
preliminary approval of the settlement and certification of a Class for settlement purposes, or
that a hearing on the motion for preliminary approval of the settlement be held within 20&nbsp;days of
the date of such motion.


<P align="left" style="font-size: 12pt; text-indent: 4%">(c)&nbsp;The proposed form of order preliminarily approving the settlement shall be substantially
in the form attached hereto as Exhibit&nbsp;A.


<P align="left" style="font-size: 12pt; text-indent: 8%">7.&nbsp;<B>Combination of Class&nbsp;Notice and Settlement Notice</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">Lead Counsel may ask the Court to combine the notice of this settlement with the class notice
to be given generally, pursuant to Rule&nbsp;23(c), (d)&nbsp;and (e)&nbsp;of the Federal Rules of Civil Procedure.
CMS will not unreasonably withhold its consent to such request, but shall have the right to
comment upon the form, content and manner of notice. Any notice sent pursuant to this Settlement
Agreement shall be approved in advance by the Court. The Representative Plaintiffs shall be solely
responsible for providing all necessary notice to the Class in the manner directed by the Court.
CMS shall have no responsibility or duty to identify any Class&nbsp;Members and shall share no
responsibility or duty, financial or otherwise, for identifying or providing notice to the Class.


<P align="left" style="font-size: 12pt; text-indent: 8%">8.&nbsp;<B>Requests for Exclusion</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">Notwithstanding anything else in this Settlement Agreement, CMS may, in CMS&#146;s discretion, but
is not required to, unilaterally withdraw from and terminate this Settlement Agreement if the
threshold for requests for exclusion from the settlement Class has been reached as defined in the
Supplemental Agreement. Lead Counsel shall provide the Supplemental Agreement to the Court <I>in
camera </I>at the time the Motion for Preliminary Approval is filed. Lead Counsel shall abide by all
requirements and deadlines set forth in the Supplemental Agreement.


<P align="left" style="font-size: 12pt; text-indent: 8%">9.&nbsp;<B>Motion for Entry of Final Judgment</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">In connection with the hearing to be set by the Court on the motion for final approval of this
Settlement Agreement, the parties hereto shall jointly seek entry of the Final Judgment which shall
be substantially in the form attached as Exhibit&nbsp;B:


<P align="left" style="font-size: 12pt; text-indent: 4%">(a)&nbsp;finally certifying solely for settling purposes the Class as defined in Section 1(c)
hereof;


<P align="left" style="font-size: 12pt; text-indent: 4%">(b)&nbsp;finally approving this settlement and its terms as being a fair, reasonable and adequate
settlement of the Class&#146; claims under Rule&nbsp;23 of the Federal Rules of Civil Procedure;


<P align="left" style="font-size: 12pt; text-indent: 4%">(c)&nbsp;directing that, as to CMS, the Action be dismissed with prejudice and without costs as
against the Settling Plaintiffs;


<P align="left" style="font-size: 12pt; text-indent: 4%">(d)&nbsp;determining pursuant to Fed. R. Civ. P. 54(b) that there is no just reason for delay and
directing that the judgment of dismissal shall be final and appealable;


<P align="left" style="font-size: 12pt; text-indent: 4%">(e)&nbsp;reserving continuing and exclusive jurisdiction over the settlement and this Settlement
Agreement, including the administration and consummation of this settlement, and also including one
or more applications for the award of fees and reimbursement of expenses to plaintiffs&#146; counsel.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.&nbsp;<B>Best Efforts to Effectuate This Settlement</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">(a)&nbsp;Subject to the provisions of Section&nbsp;18, the parties hereto agree to recommend approval of
this Settlement Agreement by the Court. They agree to undertake their best efforts, including all
steps and efforts contemplated by this Settlement Agreement and any other steps and efforts that
may reasonably be necessary or appropriate to obtain Court approval of this settlement and to carry
out the terms of this Settlement Agreement.


<P align="left" style="font-size: 12pt; text-indent: 4%">(b)&nbsp;The parties agree that the Court&#146;s authority includes, but is not limited to, monetary
and/or injunctive relief and discretion to impose specific performance, sanctions or penalties
including imposition of any sanction up to and including contempt of court, pursuant to 28 U.S.C. &#167;
636(e). The parties agree that the terms of this Settlement Agreement satisfy the requirements for
injunctive relief and specific performance.


<P align="left" style="font-size: 12pt; text-indent: 4%">(c)&nbsp;In the event that any party to this Settlement Agreement finds it necessary to bring an
action or proceeding against another party to this Settlement Agreement as a result of a breach or
default hereunder or to enforce the terms and conditions hereof, including but not limited to the
confidentiality provisions set forth in Sections&nbsp;15, the prevailing party in such action or
proceedings shall be paid all its reasonable Attorneys&#146; Fees and Costs and necessary disbursements
incurred in connection with such action, including but not limited to copying costs, filing fees,
expert costs and fees and word processing fees.


<P align="left" style="font-size: 12pt; text-indent: 8%">11.&nbsp;<B>Finality, Effective Date</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">Unless terminated earlier as provided in Section&nbsp;18, this Settlement Agreement shall become
final upon the occurrence of all of the following three events:


<P align="left" style="font-size: 12pt; text-indent: 4%">(a)&nbsp;approval in all respects by the Court as required by Rule 23(e) of the Federal Rules of
Civil Procedure;


<P align="left" style="font-size: 12pt; text-indent: 4%">(b)&nbsp;entry by the Court of the Final Judgment; and


<P align="left" style="font-size: 12pt; text-indent: 4%">(c)&nbsp;expiration of the time for appeal or the time to seek permission to appeal from the
Court&#146;s entry of the Final Judgment or, if appealed, either (i)&nbsp;the Final Judgment has been
affirmed in its entirety by the court of last resort to which such appeal has been taken and such
affirmance has become no longer subject to further appeal or review, or (ii)&nbsp;withdrawal or
dismissal with prejudice of all such appeals.


<P align="left" style="font-size: 12pt; text-indent: 8%">12.&nbsp;<B>Plan of Distribution</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">(a)&nbsp;Lead Counsel shall propose a plan of distribution in compliance with Rule&nbsp;23 of the
Federal Rules of Civil Procedure to the Court either before or after final settlement approval.
The Settlement Fund shall be distributed as ordered by the Court. The approval, disapproval, or
modification of any proposed plan of distribution shall not affect the approval or enforceability
of this Settlement Agreement.


<P align="left" style="font-size: 12pt; text-indent: 4%">(b)&nbsp;In no event shall CMS have any liability or responsibility with respect to the plan of
distribution or the distribution and administration of the Settlement Fund, including, but not
limited to, the costs and expenses of such distribution and administration.


<P align="left" style="font-size: 12pt; text-indent: 8%">13.&nbsp;<B>Administration of the Settlement Fund</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">Lead Counsel, or their authorized agents, acting on behalf of the Class, and subject to Court
oversight and direction and in compliance with Treasury Regulation &#167; 1.468B-2, shall administer the
Settlement Fund under such terms and conditions as may be approved by the Court. Subject to Court
order, the Settlement Fund may be used:


<P align="left" style="font-size: 12pt; text-indent: 4%">(a)&nbsp;To pay expenses in connection with the continued prosecution of claims in the Action;


<P align="left" style="font-size: 12pt; text-indent: 4%">(b)&nbsp;To pay all the costs and expenses reasonably and actually incurred in connection with
providing notice, locating Members of the Class, administering and distributing the Settlement Fund
to Members of the Class who make timely claims, processing proof of claim and release forms and
paying escrow fees and costs, if any;


<P align="left" style="font-size: 12pt; text-indent: 4%">(c)&nbsp;To pay Taxes and Tax Expenses, as defined herein;


<P align="left" style="font-size: 12pt; text-indent: 4%">(d)&nbsp;To pay Class&nbsp;Counsel&#146;s attorney fees, expenses and costs with interest thereon (the <B>&#147;Fee
and Expense Award&#148;</B>); and


<P align="left" style="font-size: 12pt; text-indent: 4%">(e)&nbsp;To distribute the balance of the Settlement Fund (the <B>&#147;Net Settlement Fund&#148;</B>) to Members of
the Class as directed by the Court.


<P align="left" style="font-size: 12pt; text-indent: 8%">14.&nbsp;<B>Ongoing Discovery Obligation</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">The parties to this Settlement Agreement acknowledge that the time, expense and burden of
discovery is a factor in CMS&#146;s decision to compromise Settling Plaintiffs&#146; disputed claims.
Settling Plaintiffs hereby agree that, except for the cooperation requirements of Section&nbsp;4 hereto,
they cease from any and all discovery of, and will not seek further discovery from CMS, from its
current or former employees (with respect to their actions and/or capacities as employees of CMS),
or from any third party with respect to CMS or its current or former employees (with respect to
their actions and/or capacities as employees of CMS). Settling Plaintiffs hereby acknowledge and
confirm that the discovery limitations in this Section&nbsp;14 shall have no effect on CMS&#146;s obligations
under the Federal Rules of Civil Procedure and the Federal Rules of Evidence to respond to trial
subpoenas. Notwithstanding this provision, CMS reserves all rights to challenge any trial subpoena
on any grounds whatsoever.


<P align="left" style="font-size: 12pt; text-indent: 8%">15.&nbsp;<B>Confidentiality Protection</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">(a)&nbsp;All discovery materials provided by CMS or any Released Party hereunder either before or
after the date of this Settlement Agreement, including any materials or information provided
pursuant to Section&nbsp;4, shall be governed by all confidentiality and/or protective orders in force
as of the date of this Settlement Agreement and by such additional confidentiality and/or
protective orders as may be in effect on the date the discovery takes place.


<P align="left" style="font-size: 12pt; text-indent: 4%">(b)&nbsp;Within 60&nbsp;days after the final termination of the Action as to all Defendants, plaintiffs
agree to return to CMS all materials (and all copies of materials, kept in any format) designated
as confidential or restricted confidential and produced to plaintiffs by CMS, including all
materials produced pursuant to Section&nbsp;4, or, in the alternative, to destroy all such confidential
materials (and all copies of materials, kept in any format) and provide CMS with written
confirmation that all such confidential materials and all copies thereof have been destroyed.


<P align="left" style="font-size: 12pt; text-indent: 4%">(c)&nbsp;The contents of this Settlement Agreement may not be admitted into evidence in this
Action, or in any other action or proceeding, except as may be required to approve or enforce this
Settlement Agreement or to defend or enjoin such other litigation or proceeding.


<P align="left" style="font-size: 12pt; text-indent: 8%">16.&nbsp;<B>No Reduction for Additional Recoveries</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">The Settlement Amount will not be reduced by any other recoveries obtained from other
responsible parties by Representative Plaintiffs and this Settlement Agreement shall not limit
Representative Plaintiffs&#146; right to pursue claims against other allegedly responsible parties that
are not among the Released Parties. CMS will not seek contribution or indemnification from any
Other Defendant named in this Action unless an Other Defendant sues CMS for amounts sought to be
recovered by plaintiffs in the Action.


<P align="left" style="font-size: 12pt; text-indent: 8%">17.&nbsp;<B>Attorneys&#146; Fees and Expenses</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">(a)&nbsp;The Representative Plaintiffs and Class&nbsp;Counsel shall look solely to the Settlement Fund
for the payment of fees, costs, and incentive awards, and except for any such payment(s), there
shall be no assessment of fees and costs against any party. Under no circumstances shall CMS be
liable for any fees, costs, notice costs, taxes, or other expenses or payments of any kind beyond
the payment to the Settlement Fund specified in Section&nbsp;3.


<P align="left" style="font-size: 12pt; text-indent: 4%">(b)&nbsp;Class&nbsp;Counsel intend to apply for an award of attorneys&#146; fees from the Settlement Fund and
nothing in this Settlement Agreement shall prohibit such attorneys&#146; fees and expenses as are
awarded by the Court from the Settlement Fund from being paid to Class&nbsp;Counsel on such terms as the
Court authorizes.


<P align="left" style="font-size: 12pt; text-indent: 4%">(c)&nbsp;Lead Counsel will apply to the Court for an award from the Settlement Fund of attorneys&#146;
fees and reimbursement of litigation expenses (the &#147;Fee and Expense Award&#148; described in paragraph
13(d)). The Fee and Expense Award, when approved by the Court, shall be immediately payable from
the Settlement Fund to Lead Counsel. However, if the Settlement Agreement is terminated, if the
Court does not approve the Settlement Agreement, or if the Effective Date does not occur for any
reason, then within five (5)&nbsp;business days after receiving notice from counsel for CMS or from a
court with appropriate jurisdiction, Lead Counsel shall refund to the Settlement Fund all amounts
previously withdrawn or distributed pursuant to paragraph 13, including any Fee and Expense Award,
plus interest thereon at the same rate at which interest is accruing for the Settlement Fund. Each
Lead Counsel, on behalf of itself and each partner and/or shareholder of it, agrees that, in the
event that such a refund is required, the Lead Counsel law firms and their partners and/or
shareholders are each jointly and severally liable to refund any amount withdrawn from the
Settlement Fund pursuant to paragraph 13 with interest as described above, provided that with
respect to the Fee and Expense Award each Lead Counsel law firm and its partners and/or
shareholders are jointly and severally liable for refunding only the amount of the Fee and Expense
Award they received along with interest as described above and shall not be responsible for any Fee
and Expense Award received by any other Lead Counsel. Lead Counsel are subject to the jurisdiction
of the Court for the purpose of enforcing the provisions of this paragraph.


<P align="left" style="font-size: 12pt; text-indent: 8%">18.&nbsp;<B>Termination</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">CMS shall have the right, but not the obligation, in its sole discretion, to terminate this
Settlement Agreement within twenty-one (21)&nbsp;business days of notice by either party to the other of
any of the following events:


<P align="left" style="font-size: 12pt; text-indent: 4%">(a)&nbsp;the Court denies, in whole or in part, plaintiffs&#146; motion for preliminary approval of the
Settlement Agreement and the Supplemental Agreement or certification of a settlement class pursuant
to Section&nbsp;6, or plaintiffs&#146; motion for final approval pursuant to Section&nbsp;9; or


<P align="left" style="font-size: 12pt; text-indent: 4%">(b)&nbsp;the Court declines to enter the Final Judgment in substantially the form attached as
Exhibit&nbsp;B; or


<P align="left" style="font-size: 12pt; text-indent: 4%">(c)&nbsp;the Final Judgment is withdrawn, rescinded, reversed, vacated, or modified by the Court or
on appeal; or


<P align="left" style="font-size: 12pt; text-indent: 4%">(d)&nbsp;the requests for exclusion exceeds the threshold contained in the Supplemental Agreement.


<P align="left" style="font-size: 12pt; text-indent: 4%">In the event that this Settlement Agreement is terminated pursuant to sub-Sections (a), (b),
(c), or (d)&nbsp;above, then: (i)&nbsp;the Settlement Amount shall be returned to CMS together with the
interest earned thereon, less any portion of such interest properly reserved for the payment of
Taxes or Tax Expenses; (ii)&nbsp;this Settlement Agreement shall be null and void and of no further
effect, and neither party shall be bound by any of its terms, except that Sections&nbsp;15 and 19 shall
survive; and (iii)&nbsp;any and all releases shall be of no further force and effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">19.&nbsp;<B>This Settlement is Not an Admission</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">This Settlement Agreement is not and shall not be deemed or construed to be an admission,
adjudication or evidence of any violation of any statute or law or of any liability or wrongdoing
by CMS or any Released Party or of the truth of any of the claims or allegations alleged in the
Action. In the event that the settlement does not become final or is terminated in accordance with
the terms hereof, then this Settlement Agreement, and the release set forth herein, shall be of no
force or effect (except for Sections&nbsp;15 and 19) and the terms of this Settlement Agreement shall
not be offered or received in evidence in any proceeding. The parties hereto agree that this
Settlement Agreement, including its exhibits, whether or not it shall become final, and any and all
negotiations, documents and discussions associated with it, shall be without prejudice to the
rights of any party, shall not be deemed or construed to be an admission or evidence of any
violation of any statute or law or of any liability or wrongdoing by CMS, or of the truth of any of
the claims or allegations, or of any damage or injury. Evidence of this Settlement Agreement or
the negotiation of this Settlement Agreement shall not be discoverable or used directly or
indirectly, in any way, whether in the Action or in any other action or proceeding of any nature,
except in connection with a dispute under this Settlement Agreement or an action in which this
Settlement Agreement is asserted as a defense. CMS and Representative Plaintiffs expressly reserve
all of their rights if the settlement does not become final in accordance with the terms of this
Settlement Agreement.


<P align="left" style="font-size: 12pt; text-indent: 8%">20.&nbsp;<B>Binding Effect</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">(a)&nbsp;This Settlement Agreement shall be binding upon, and inure to the benefit of, the
successors and assigns of CMS, the Released Parties, the Representative Plaintiffs and the Settling
Plaintiffs.


<P align="left" style="font-size: 12pt; text-indent: 4%">(b)&nbsp;The waiver by one party of any breach of this Settlement Agreement by another party shall
not be deemed a waiver of any other prior or subsequent breach of this Settlement Agreement.


<P align="left" style="font-size: 12pt; text-indent: 8%">21.&nbsp;<B>Integrated Agreement</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">This Settlement Agreement, including the Supplemental Agreement, contains an entire, complete,
and integrated statement of each and every term and provision agreed to by and among the parties
and is not subject to any condition not provided for herein. This Settlement Agreement, including
the Supplemental Agreement, supercedes all prior or contemporaneous discussions, agreements, and
understandings among the parties to this Settlement Agreement with respect hereto. This Settlement
Agreement shall not be modified in any respect except by a writing that is executed by all the
parties hereto, or as provided in Section&nbsp;5(a).


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">22</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Documents</B></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt; text-indent: 8%">Nothing in this Settlement Agreement may be interpreted as creating any obligation for CMS to
retain any records or documents, in any form.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">23. <B>Headings</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">The headings used in this Settlement Agreement are for the convenience of the parties only and
shall not have substantive effect.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%"><B>24. Neither Party is the Drafter</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">None of the parties hereto shall be considered to be the drafter of this Settlement Agreement
or any provision hereof for the purpose of any statute, case law or rule of interpretation or
construction that might cause any provision to be construed against the drafter hereof.



<P align="left" style="margin-left:8%; font-size: 12pt"><B>25. Choice of Law</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">All terms of this Settlement Agreement and the exhibits hereto shall be governed by and
interpreted according to the substantive laws of the State of New York without regard to its choice
of law or conflict of laws principles.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%"><B>26. Execution in Counterparts</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">This Settlement Agreement may be executed in counterparts. Facsimile signatures shall be
considered as valid signatures as of the date hereof although the original signature pages shall
thereafter be appended to this Settlement Agreement.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%"><B>27. Submission to and Retention of Exclusive Jurisdiction</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">CMS and each Settling Plaintiff hereby irrevocably submit, to the fullest extent permitted by
law, to the exclusive jurisdiction of the United States District Court for the Southern District of
New York for any suit, action, proceeding or dispute arising out of or relating to this Settlement
Agreement, or to the applicability of this Settlement Agreement, and exhibits hereto. Solely for
purposes of such suit, action or proceeding, to the fullest extent permitted by law, the parties
hereto irrevocably waive and agree not to assert, by way of motion, as a defense or otherwise, any
claim or objection that they are not subject to the jurisdiction of such Court, or that such Court
is, in any way, an improper venue or an inconvenient forum or that the Court lacked power to
approve this Settlement Agreement or enter any of the orders contemplated hereby.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%"><B>28. Notices</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">All notices under this Settlement Agreement shall be sent as follows: (i)&nbsp;if to plaintiffs,
then to Bernard Persky, Labaton Sucharow &#038; Rudoff LLP, 100 Park Avenue, New York, NY 10017, and
(ii)&nbsp;if to CMS, then to CMS&#146;s undersigned counsel and to Julio Mazzoli, Esq., c/o CMS, One Energy
Plaza, EP11-401, Jackson, MI 49201, or such other address as a party to this Settlement Agreement
may designate in writing, from time to time, in accordance with this Settlement Agreement.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%"><B>29. Authority</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">In executing this Settlement Agreement, Lead Counsel represent and warrant that they have been
fully empowered to execute this Settlement Agreement on behalf of the Class (subject to final
approval by the Court after notice to all Class&nbsp;Members), and that all actions necessary for the
execution of this Settlement Agreement have been taken. CMS represents and warrants that the
undersigned has been fully empowered to execute the Settlement Agreement on behalf of CMS, and that
all actions necessary for the execution of this Settlement Agreement have been taken.


<P align="left" style="font-size: 12pt">Dated: February&nbsp;28, 2006


<P>
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<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>By: <U>/s/ Douglas G. Thompson, Jr.</U></TD>
</TR>

</TABLE>


<P>
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<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>FINKELSTEIN THOMPSON &#038; LOUGHRAN</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 12pt">1050 30th Street, N.W.
<BR>
Washington, D.C. 20007


<P>
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<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>By: <U>/s/ Bernard Persky</U></TD>
</TR>

</TABLE>


<P>
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<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>LABATON SUCHAROW &#038; RUDOFF LLP</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 12pt">100 Park Avenue,
<BR>
New York, NY 10017


<P align="center" style="font-size: 10pt; display: none">1
<!-- PAGEBREAK -->

<P>
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<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>By: <U>/s/ Christopher Lovell</U></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>LOVELL STEWART HALEBIAN LLP</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 12pt">500 Fifth Avenue
<BR>
New York, NY 10110


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>By: <U>/s/ Geoffrey M. Horn</U></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>LOWEY DANNENBERG BEMPORAD &#038; SELINGER PC</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 12pt">The Gateway, One North Lexington Avenue
<BR>
White Plains, NY 10601



<P align="left" style="margin-left:4%; font-size: 12pt"><I>Representative Plaintiffs&#146; Lead Counsel</I>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>By: <U>/s/ Daniel A. Mullen</U></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Banks Brown, Esq.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 12pt">Daniel A. Mullen, Esq.
<BR>
Danielle A. Schweiloch, Esq.
<BR>
McDERMOTT WILL &#038; EMERY LLP
<BR>
340 Madison Avenue
<BR>
New York, New York 10017



<P align="left" style="margin-left:4%; font-size: 12pt"><I>Attorneys for CMS Field Services (now known as Cantera Gas Company LLC) and CMS Marketing
Services &#038; Trading Company (now known as CMS Energy Resource Management Company)</I>



<P align="center" style="font-size: 10pt; display: none">2


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