-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 IKqBMrGrePzO3+vcAj0HLAfz7WPnvfTjsvA9Rv94sBll87L06RdvGEk1s2KXKiqg
 pMtNrlAUX9Aip4QchMkpuw==

<SEC-DOCUMENT>0000950152-08-007022.txt : 20080905
<SEC-HEADER>0000950152-08-007022.hdr.sgml : 20080905
<ACCEPTANCE-DATETIME>20080905165807
ACCESSION NUMBER:		0000950152-08-007022
CONFORMED SUBMISSION TYPE:	S-3ASR
PUBLIC DOCUMENT COUNT:		24
FILED AS OF DATE:		20080905
DATE AS OF CHANGE:		20080905
EFFECTIVENESS DATE:		20080905

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CMS ENERGY TRUST V
		CENTRAL INDEX KEY:			0001129975
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		S-3ASR
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-153353-01
		FILM NUMBER:		081059138

	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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CMS ENERGY TRUST IV
		CENTRAL INDEX KEY:			0001129974
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		S-3ASR
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-153353-02
		FILM NUMBER:		081059139

	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

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:		S-3ASR
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-153353-03
		FILM NUMBER:		081059140

	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:		S-3ASR
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-153353
		FILM NUMBER:		081059141

	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>S-3ASR
<SEQUENCE>1
<FILENAME>k35263sv3asr.htm
<DESCRIPTION>CMS ENERGY CORPORATION   S-3ASR
<TEXT>
<HTML>
<HEAD>
<TITLE>sv3asr</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>As filed with the Securities and Exchange Commission on
    September&#160;5, 2008</B>
</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Registration
    No.&#160;333-&#160;&#160;&#160;&#160;&#160;&#160;</B>
</DIV>

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 2pt solid #000000"></CENTER><!-- callerid=999 iwidth=540 length=0 -->

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=540 length=0 -->

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt">UNITED STATES SECURITIES AND
    EXCHANGE COMMISSION</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">Washington, DC 20549</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 1pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 15%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=540 length=84 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 1pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 18pt"><FONT style="white-space: nowrap">Form&#160;S-3</FONT></FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">REGISTRATION STATEMENT
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">UNDER</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">THE SECURITIES ACT OF
    1933</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 1pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 15%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=540 length=84 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 1pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="25%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="23%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="23%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="23%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    <B>CMS Energy<BR>
    Corporation</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>CMS Energy<BR>
    Trust IV</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>CMS Energy<BR>
    Trust V</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Consumers Energy<BR>
    Company</B>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="font-size: 8pt">(Exact name of registrant as
    specified in its charter)</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="25%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="23%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="23%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="23%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    <B>Michigan</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    <B>Delaware</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    <B>Delaware</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    <B>Michigan</B>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="font-size: 8pt">(State or other jurisdiction of
    incorporation or organization)</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="25%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="23%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="23%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="23%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    <B><FONT style="white-space: nowrap">38-2726431</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    <B>52-7191266</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    <B>38-6776930</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    <B>38-2726431</B>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="font-size: 8pt">(IRS Employer Identification
    No.)</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">One
    Energy Plaza<BR>
    Jackson, Michigan 49201<BR>
    <FONT style="white-space: nowrap">(517)&#160;788-0550</FONT><BR>
    </FONT></B><I><FONT style="font-size: 8pt"><FONT style="font-family: 'Times New Roman', Times">(Address,
    including zip code, and telephone number, including area code,
    of registrant&#146;s principal executive
    offices)</FONT></FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Thomas J.
    Webb<BR>
    Executive Vice President and Chief Financial Officer<BR>
    CMS Energy Corporation<BR>
    One Energy Plaza<BR>
    Jackson, Michigan 49201<BR>
    <FONT style="white-space: nowrap">(517)&#160;788-0351</FONT><BR>
    </FONT></B><I><FONT style="font-size: 8pt"><FONT style="font-family: 'Times New Roman', Times">(Name,
    address, including zip code, and telephone number, including
    area code, of agent for service)</FONT></FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 8pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">It is
    respectfully requested that the Commission send copies of all
    notices, orders and communications to:<BR>
    <BR>
    </FONT></I><B><FONT style="font-size: 10pt"><FONT style="font-family: 'Times New Roman', Times">Shelley
    J. Ruckman,&#160;Esq.<BR>
    Assistant General Counsel<BR>
    CMS Energy Corporation<BR>
    One Energy Plaza<BR>
    Jackson, Michigan 49201<BR>
    <FONT style="white-space: nowrap">(517)&#160;788-0305</FONT></FONT></FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Approximate date of commencement of proposed sale to the
    public:</B>&#160;&#160;From time to time after the effective
    date of this registration statement, as determined by market
    conditions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the only securities being registered on this form are being
    offered pursuant to dividend or interest reinvestment plans,
    please check the following
    box.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If any of the securities being registered on this form are to be
    offered on a delayed or continuous basis pursuant to
    Rule&#160;415 under the Securities Act of 1933, other than
    securities offered only in connection with dividend or interest
    reinvestment plans, check the following
    box.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#254;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If this form is filed to register additional securities for an
    offering pursuant to Rule&#160;462(b) under the Securities Act,
    check the following box and list the Securities Act registration
    statement number of the earlier effective registration statement
    for the same
    offering.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If this form is a post-effective amendment filed pursuant to
    Rule&#160;462(c) under the Securities Act, check the following
    box and list the Securities Act registration statement number of
    the earlier effective registration statement for the same
    offering.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If this form is a registration statement pursuant to General
    Instruction&#160;I.D. or a post-effective amendment thereto that
    shall become effective upon filing with the Commission pursuant
    to Rule&#160;462(e) under the Securities Act, check the
    following
    box.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#254;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If this form is a post-effective amendment to a registration
    statement filed pursuant to General Instruction&#160;I.D. filed
    to register additional securities or additional classes of
    securities pursuant to Rule&#160;413(b) under the Securities
    Act, check the following
    box.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Indicate by check mark whether the registrant is a large
    accelerated filer, an accelerated filer, a non-accelerated
    filer, or a smaller reporting company. See the definitions of
    &#147;large accelerated filer,&#148; &#147;accelerated
    filer&#148; and &#147;smaller reporting company&#148; in
    <FONT style="white-space: nowrap">Rule&#160;12b-2</FONT>
    of the Exchange Act. (Check one):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>CMS Energy Corporation:</B>&#160;Large accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#254;</FONT>&#160;&#160;&#160;&#160;Accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;&#160;&#160;Non-accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;&#160;&#160;Smaller
    reporting
    company&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>CMS Energy Trust&#160;IV:&#160;</B>Large accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;&#160;&#160;Accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;&#160;&#160;Non-accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#254;</FONT>&#160;&#160;&#160;&#160;Smaller
    reporting
    company&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>CMS Energy Trust&#160;V:</B>&#160;Large accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;&#160;&#160;Accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;&#160;&#160;Non-accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#254;</FONT>&#160;&#160;&#160;&#160;Smaller
    reporting
    company&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Consumers Energy Company:</B>&#160;Large accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;&#160;&#160;Accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;&#160;&#160;Non-accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#254;</FONT>&#160;&#160;&#160;&#160;Smaller
    reporting
    company&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CALCULATION
    OF REGISTRATION FEE(1)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="44%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterright -->
    <TD width="12%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutterright -->
    <TD width="12%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutterright -->
    <TD width="12%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutterright -->
    <TD width="12%">&nbsp;</TD>	<!-- colindex=05 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 3px double #000000">
    <B>Proposed Maximum<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 3px double #000000">
    <B>Proposed Maximum<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 3px double #000000">
    <B>Amount of<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
    <B>Title of Securities<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Amount to be<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Offering<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Aggregate<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Registration<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
    <B>to be Registered</B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Registered</B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Price per Share</B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Offering Price</B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Fee</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Common stock, par value $0.01 per share, of CMS Energy
    Corporation
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Preferred Stock of CMS Energy Corporation
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Cumulative Convertible Preferred Stock of CMS Energy Corporation
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Senior Debt Securities of CMS Energy Corporation
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Senior Convertible Debt Securities of CMS Energy Corporation
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Subordinated Debt Securities of CMS Energy Corporation(2)
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Stock Purchase Contracts of CMS Energy Corporation
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Stock Purchase Units of CMS Energy Corporation
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Trust&#160;Preferred Securities of CMS Energy Trust&#160;IV
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Trust&#160;Preferred Securities of CMS Energy Trust&#160;V
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Guarantee of CMS Energy Corporation with respect to
    Trust&#160;Preferred Securities of CMS Energy Trust&#160;IV and
    CMS Energy Trust&#160;V(3)
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Senior Notes of Consumers Energy Company
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    First Mortgage Bonds of Consumers Energy Company
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR style="font-size: 1pt">
<TD nowrap align="left" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    There are being registered hereunder such presently
    indeterminate and unspecified number, principal amount or
    liquidation amount of (a)&#160;Common Stock, Preferred Stock,
    Cumulative Convertible Preferred Stock, Senior Debt Securities,
    Senior Convertible Debt Securities, Subordinated Debt
    Securities, Stock Purchase Contracts and Stock Purchase Units
    that may be issued from time to time at indeterminate prices by
    CMS Energy Corporation, (b)&#160;Trust&#160;Preferred Securities
    and CMS Energy Corporation Guarantees thereof that may be issued
    from time to time at indeterminate prices by CMS Energy
    Trust&#160;IV, (c)&#160;Trust&#160;Preferred Securities and CMS
    Energy Corporation Guarantees thereof that may be issued from
    time to time at indeterminate prices by CMS Energy Trust&#160;V,
    (d)&#160;additional Common Stock into which such Subordinated
    Debt Securities or Trust&#160;Preferred Securities may be
    converted that may be issued from time to time at indeterminate
    prices by CMS Energy Corporation and (e)&#160;Senior Notes and
    First Mortgage Bonds that may be issued from time to time at
    indeterminate prices by Consumers Energy Company. In addition,
    there are being registered hereunder an indeterminate and
    unspecified number of shares of Common Stock to be issuable by
    CMS Energy Corporation upon settlement of Stock Purchase
    Contracts or Stock Purchase Units and Senior Debt Securities,
    Subordinated Debt Securities and Trust&#160;Preferred Securities
    securing the obligation of a holder of a Stock Purchase Contract
    to purchase Common Stock of CMS Energy Corporation. The
    registrants are deferring payment of all of the registration fee
    in reliance on and in accordance with Rules 456(b), 457(p) and
    457(r) under the Securities Act of 1933, except for $133,762.50,
    consisting of (i)&#160;$114,757.50 that has already been paid
    with respect to $1,500,000,000 aggregate initial offering price
    of securities that were previously registered pursuant to CMS
    Energy Corporation&#146;s registration statement number
    <FONT style="white-space: nowrap">333-125553</FONT>
    filed on June&#160;6, 2005 and were not sold thereunder and
    (ii)&#160;$19,005.00 that has already been paid with respect to
    $1,500,000,000 aggregate initial offering price of securities
    that were previously registered pursuant to Consumers Energy
    Company&#146;s registration statement number
    <FONT style="white-space: nowrap">333-120611</FONT>
    filed on November&#160;18, 2004 and were not sold thereunder.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    The Subordinated Debt Securities of CMS Energy Corporation may
    be purchased by, and constitute assets of, CMS Energy
    Trust&#160;IV or CMS Energy Trust&#160;V and may later be
    distributed under certain circumstances to holders of
    Trust&#160;Preferred Securities of CMS Energy Trust&#160;IV or
    CMS Energy Trust&#160;V. Additionally, Common Stock of CMS
    Energy Corporation may be issued upon conversion of any
    convertible Subordinated Debt Securities of CMS Energy
    Corporation. In either case, no additional consideration will be
    received.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    This registration statement is deemed to include the obligations
    of CMS Energy Corporation under the Guarantee (as defined
    herein) and certain backup undertakings under (a)&#160;the
    Subordinated Debt Indenture (as described herein) pursuant to
    which the Subordinated Debt Securities of CMS Energy Corporation
    will be issued, (b)&#160;the Subordinated Debt Securities of CMS
    Energy Corporation and (c)&#160;the Declaration of Trust of each
    of CMS Energy Trust&#160;IV and CMS Energy Trust&#160;V,
    including CMS Energy Corporation&#146;s obligations under the
    Subordinated Debt Indenture to pay costs, expenses, debts and
    liabilities of CMS Energy Trust&#160;IV or CMS Energy
    Trust&#160;V, as the case may be (other than with respect to the
    Trust Preferred Securities and the Common Securities (as
    described herein) of CMS Energy Trust&#160;IV or CMS Energy
    Trust&#160;V, as the case may be), which taken together provide
    a full and unconditional guarantee of amounts due on such
    Trust&#160;Preferred Securities. No separate consideration will
    be received for the Guarantee and such backup undertakings. The
    Guarantee is not traded separately.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=540 length=0 -->

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 2pt solid #000000"></CENTER><!-- callerid=999 iwidth=540 length=0 -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH -->
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>PROSPECTUS</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 18pt">CMS ENERGY
    CORPORATION</FONT></B>
</DIV>



<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Common
    Stock, Preferred Stock, Cumulative Convertible Preferred
    Stock,<BR>
    Senior Debt Securities, Senior Convertible Debt Securities,
    Subordinated Debt<BR>
    Securities, Stock Purchase Contracts, Stock Purchase Units and
    Guarantees</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 18pt">CMS ENERGY TRUST&#160;IV<BR>
    CMS ENERGY TRUST&#160;V<BR>
    </FONT><FONT style="font-size: 12pt">Trust&#160;Preferred
    Securities,<BR>
    Guaranteed To The Extent Set Forth Herein By<BR>
    CMS Energy Corporation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 18pt">CONSUMERS ENERGY COMPANY<BR>
    </FONT><FONT style="font-size: 12pt">Senior Notes and First
    Mortgage Bonds</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 1pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=455 length=84 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 1pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy Corporation, a Michigan corporation, may offer, from
    time to time:
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    shares of its common stock, par value $0.01 per share
    <B>(&#147;CMS Energy Common Stock&#148;)</B>;
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    shares of its preferred stock, par value $0.01 per share
    <B>(&#147;Preferred Stock&#148;);</B>
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    shares of its 4.50% cumulative convertible preferred stock
    <B>(&#147;Cumulative Convertible Preferred Stock&#148;)</B>;
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    unsecured senior or subordinated debt securities consisting of
    debentures, convertible debentures, notes, convertible notes or
    other unsecured evidence of indebtedness;
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    stock purchase contracts to purchase CMS Energy Common Stock;
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    stock purchase units, each representing ownership of a CMS
    Energy Trust&#160;IV or CMS Energy Trust&#160;V stock purchase
    contract or unsecured senior or subordinated debt securities of
    CMS Energy Corporation or trust preferred securities or debt
    obligations of third parties, including U.S.&#160;Treasury
    securities, securing the holder&#146;s obligation to purchase
    the CMS Energy Common Stock under the stock purchase contract,
    or any combination of the above;&#160;and
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    guarantees of CMS Energy Corporation with respect to trust
    preferred securities of CMS Energy Trust&#160;IV and CMS Energy
    Trust&#160;V.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy Trust&#160;IV and CMS Energy Trust&#160;V, each of
    which is a Delaware business trust, may offer, from time to
    time, trust preferred securities. The trust preferred securities
    represent preferred undivided beneficial interests in the assets
    of CMS Energy Trust&#160;IV and CMS Energy Trust&#160;V.
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Consumers Energy Company, a Michigan corporation, may offer,
    from time to time, secured senior debt consisting of senior
    notes and first mortgage bonds.
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For each type of security listed above, the amount, price and
    terms will be determined at or prior to the time of sale.
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will provide the specific terms of these securities in an
    accompanying prospectus supplement or supplements. You should
    read this prospectus and the accompanying prospectus supplement
    or supplements carefully before you invest.
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">Investing in these securities
    involves risks. See &#147;Risk Factors&#148; on
    page&#160;1.</FONT></B>
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Common Stock of CMS Energy Corporation is listed on the New
    York Stock Exchange under the symbol &#147;CMS&#148;. Unless
    otherwise indicated in a prospectus supplement, the other
    securities described in this prospectus will not be listed on a
    national securities exchange.
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Neither the Securities and Exchange Commission nor any state
    securities commission has approved or disapproved of these
    securities or passed upon the adequacy or accuracy of this
    prospectus. Any representation to the contrary is a criminal
    offense.</B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The date of this prospectus is September&#160;5, 2008.
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TABLE OF
    CONTENTS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PROSPECTUS</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left">
<!-- TOC -->
</DIV>

<DIV align="left">
<A name="tocpage"></A>
</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="97%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadright -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Page</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#101'><B>Prospectus Summary</B></A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1</B>
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#102'><B>Risk Factors</B></A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1</B>
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#103'><B>Where You Can Find More Information</B></A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1</B>
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#104'><B>Documents Incorporated by Reference</B></A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2</B>
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#105'><B>Safe Harbor Statement under the Private
    Securities Litigation Reform Act of 1995</B></A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3</B>
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#106'><B>The Registrants</B></A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3</B>
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#107'><B>Use of Proceeds</B></A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4</B>
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#108'><B>Ratio of Earnings to Fixed Charges and Ratio
    of Earnings to Combined Fixed Charges and Preferred
    Dividends</B></A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4</B>
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#109'><B>Description of Securities</B></A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5</B>
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#110'><B>Book-Entry System</B></A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>36</B>
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#111'><B>Legal Opinions</B></A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>38</B>
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#112'><B>Experts</B></A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>38</B>
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv5w1.htm">EX-5.1</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv5w2.htm">EX-5.2</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv23w3.htm">EX-23.3</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv23w4.htm">EX-23.4</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv23w5.htm">EX-23.5</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv23w6.htm">EX-23.6</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv23w7.htm">EX-23.7</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv23w8.htm">EX-23.8</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv24w1.htm">EX-24.1</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv24w2.htm">EX-24.2</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv25w1.htm">EX-25.1</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv25w2.htm">EX-25.2</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv25w3.htm">EX-25.3</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv25w4.htm">EX-25.4</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv25w5.htm">EX-25.5</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv25w6.htm">EX-25.6</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv25w7.htm">EX-25.7</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv25w8.htm">EX-25.8</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="k35263exv25w9.htm">EX-25.9</A></FONT></TD></TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='101'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PROSPECTUS
    SUMMARY</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This prospectus is part of a registration statement on
    <FONT style="white-space: nowrap">Form&#160;S-3</FONT>
    that we filed with the Securities and Exchange Commission
    utilizing a &#147;shelf&#148; registration process. Under this
    shelf registration process, any of us may, from time to time,
    sell any combination of our securities described in this
    prospectus in one or more offerings.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This prospectus provides you with a general description of the
    securities we may offer. Each time we sell securities, we will
    provide a prospectus supplement containing specific information
    about the terms of that offering. The prospectus supplement may
    also add, update or change information contained in this
    prospectus. If there is any inconsistency between the
    information in this prospectus and the applicable prospectus
    supplement, you should rely on the information contained in the
    prospectus supplement. You should read this prospectus and the
    applicable prospectus supplement together with the additional
    information described under the heading &#147;Where You Can Find
    More Information&#148;.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As used in this prospectus, <B>&#147;CMS Energy&#148;</B> refers
    to CMS Energy Corporation, the <B>&#147;Trusts&#148;</B> refer,
    collectively, to CMS Energy Trust&#160;IV and CMS Energy
    Trust&#160;&#160;V, and <B>&#147;Consumers&#148;</B> refers to
    Consumers Energy Company. The terms <B>&#147;we&#148;</B>,
    <B>&#147;us&#148;</B> and <B>&#147;our&#148;</B> refer to CMS
    Energy when discussing the securities to be issued by CMS
    Energy, the Trusts when discussing the securities to be issued
    by the Trusts, Consumers when discussing the securities to be
    issued by Consumers and collectively to all of the Registrants
    where the context requires. <B>&#147;Registrants&#148;</B>
    refers, collectively, to CMS Energy, the Trusts and Consumers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The principal executive offices of each of CMS Energy and
    Consumers are located at One Energy Plaza, Jackson, Michigan
    49201, and the telephone number is
    <FONT style="white-space: nowrap">517-788-0550.</FONT>
    The principal executive offices of each Trust are
    <FONT style="white-space: nowrap">c/o&#160;CMS</FONT>
    Energy Corporation, One Energy Plaza, Jackson, Michigan 49201,
    and the telephone number is
    <FONT style="white-space: nowrap">517-788-0550.</FONT>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<A name='102'>
<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">RISK
    FACTORS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Before acquiring any of the securities that may be offered by
    this prospectus, you should carefully consider the risks
    discussed in the sections of CMS Energy&#146;s and
    Consumers&#146; combined Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2007 filed with the
    Securities and Exchange Commission on February&#160;21, 2008
    entitled &#147;Risk Factors&#148; and &#147;Forward-Looking
    Statements and Information&#148;, as updated by the sections of
    CMS Energy&#146;s and Consumers&#146; combined Forms 10-Q for
    the quarter ended March 31, 2008 filed with the Securities and
    Exchange Commission on May 5, 2008 and the quarter ended
    June&#160;30, 2008 filed with the Securities and Exchange
    Commission on August&#160;5, 2008 entitled &#147;Risk
    Factors&#148; and &#147;Forward-Looking Statements and
    Information&#148;, which are incorporated by reference in this
    prospectus. You should also carefully consider all of the
    information contained or incorporated by reference in this
    prospectus or in any prospectus supplement before you invest in
    any Registrant&#146;s securities. See &#147;Where You Can Find
    More Information&#148; below.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<A name='103'>
<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">WHERE YOU
    CAN FIND MORE INFORMATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have filed with the Securities and Exchange Commission (the
    <B>&#147;SEC&#148;</B>) a registration statement on
    <FONT style="white-space: nowrap">Form&#160;S-3</FONT>
    (the <B>&#147;Registration Statement&#148;</B>) under the
    Securities Act of 1933, as amended (the <B>&#147;Securities
    Act&#148;</B>), with respect to the securities offered in this
    prospectus. We have not included certain portions of the
    Registration Statement in this prospectus as permitted by the
    SEC&#146;s rules and regulations. Statements in this prospectus
    concerning the provisions of any document filed as an exhibit to
    the Registration Statement are not necessarily complete and are
    qualified in their entirety by reference to such exhibit. For
    further information, you should refer to the Registration
    Statement and its exhibits.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each of CMS Energy and Consumers is subject to the informational
    requirements of the Securities Exchange Act of l934, as amended
    (the <B>&#147;Exchange Act&#148;</B>), and therefore files
    annual, quarterly and current reports, proxy statements and
    other information with the SEC. You may read and copy the
    Registration Statement (with exhibits), as well as the reports
    and other information filed by any of the Registrants with the
    SEC, at the SEC&#146;s Public Reference Room at its principal
    offices at 100&#160;F&#160;Street, N.E., Washington,&#160;D.C.
    20549. You may obtain information on the operation of the
    SEC&#146;s Public Reference Room by calling
    <FONT style="white-space: nowrap">1-800-SEC-0330.</FONT>
    Information filed by us is also available at the SEC&#146;s
    Internet site at <I>www.sec.gov</I>. You can find additional
    information about us on CMS Energy&#146;s website at
    <I>www.cmsenergy.com</I>. The information on this website is not
    a part of this prospectus.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    1
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You should rely only on the information incorporated by
    reference or provided in this prospectus or in any prospectus
    supplements. We have not authorized anyone to provide you with
    different information. You should not assume that the
    information in this prospectus or any prospectus supplement is
    accurate as of any date other than the date on the front of
    those documents. This prospectus does not constitute an offer to
    sell or a solicitation of an offer to buy the securities in any
    jurisdiction to any person to whom it is unlawful to make such
    offer or solicitation in such jurisdiction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have not included separate financial statements of the
    Trusts. CMS Energy and the Trusts do not consider that such
    financial statements would be material to holders of
    Trust&#160;Preferred Securities of the Trusts because each Trust
    is a special purpose entity, has no operating history and has no
    independent operations. The Trusts are not currently involved in
    and do not anticipate being involved in any activity other than
    as described under &#147;The Registrants&#160;&#151; The
    Trusts&#148; below. Further, CMS Energy and the Trusts believe
    that financial statements of the Trusts are not material to the
    holders of the Trust&#160;Preferred Securities of the Trusts
    since CMS Energy will guarantee the Trust&#160;Preferred
    Securities of the Trusts. Holders of the Trust&#160;Preferred
    Securities of the Trusts, with respect to the payment of
    distributions and amounts upon liquidation, dissolution and
    <FONT style="white-space: nowrap">winding-up,</FONT>
    are at least in the same position vis-&#224;-vis the assets of
    CMS Energy as a preferred stockholder of CMS Energy. CMS Energy
    beneficially owns all of the undivided beneficial interests in
    the assets of the Trusts (other than the beneficial interests
    represented by the Trust&#160;Preferred Securities of the
    Trusts). See &#147;The Registrants&#160;&#151; The Trusts&#148;
    below, &#147;Description of Securities&#160;&#151; The
    Trusts&#160;&#151; Trust&#160;Preferred Securities&#148; below
    and &#147;Description of Securities&#160;&#151; The
    Trusts&#160;&#151; Effect of Obligations Under the CMS Energy
    Debt Securities and the Guarantees&#160;&#151; The CMS Energy
    Guarantees&#148; below. In the event that the Trusts issue
    securities, our filings under the Exchange Act will include an
    audited footnote to CMS Energy&#146;s annual financial
    statements stating that the Trusts are wholly owned by CMS
    Energy, that the sole assets of the Trusts are the Senior Debt
    Securities or the Subordinated Debt Securities of CMS Energy
    having a specified aggregate principal amount, and that,
    considered together, the
    <FONT style="white-space: nowrap">back-up</FONT>
    undertakings, including the Guarantees of CMS Energy, constitute
    a full and unconditional guarantee by CMS Energy of the
    Trusts&#146; obligations under the Trust&#160;Preferred
    Securities issued by the Trusts.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<A name='104'>
<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DOCUMENTS
    INCORPORATED BY REFERENCE</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The SEC allows us to &#147;incorporate by reference&#148; the
    information that we file with them, which means that we can
    disclose important information to you by referring you to those
    documents. Information incorporated by reference is considered
    to be part of this prospectus. Later information that we file
    with the SEC (other than Current Reports on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    furnished under Item&#160;2.02 or Item&#160;7.01 of
    <FONT style="white-space: nowrap">Form&#160;8-K)</FONT>
    will automatically update and supersede this information. Each
    Registrant incorporates by reference into this prospectus the
    documents listed below related to such Registrant and any future
    filings (other than Current Reports on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    furnished under Item&#160;2.02 or Item&#160;7.01 of
    <FONT style="white-space: nowrap">Form&#160;8-K)</FONT>
    that such Registrant makes with the SEC under
    Section&#160;13(a), 13(c), 14 or 15(d) of the Exchange Act until
    the offerings contemplated by this prospectus are terminated.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CMS
    ENERGY</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2007
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Quarterly Reports on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarters ended March&#160;31, 2008 and June&#160;30, 2008
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Current Reports on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    or
    <FONT style="white-space: nowrap">Form&#160;8-K/A</FONT>
    filed January&#160;11, 2008, January&#160;30, 2008,
    March&#160;14, 2008 (SEC&#160;film number 08690529),
    March&#160;21, 2008, June&#160;11, 2008 and June&#160;12, 2008
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CONSUMERS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2007
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Quarterly Reports on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarters ended March&#160;31, 2008 and June&#160;30, 2008
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Current Reports on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    or
    <FONT style="white-space: nowrap">Form&#160;8-K/A</FONT>
    filed January&#160;11, 2008, January&#160;30, 2008,
    March&#160;14, 2008 (SEC&#160;film number 08690530),
    June&#160;11, 2008 and June&#160;12, 2008
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will provide to each person, including any beneficial owner,
    to whom a copy of this prospectus is delivered a copy of any or
    all of the information that has been incorporated by reference
    in this prospectus but not delivered with this prospectus. We
    will provide this information upon written or oral request at no
    cost to the requester. You should direct your requests to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy Corporation<BR>
    Attention: Office of the Secretary<BR>
    One Energy Plaza<BR>
    Jackson, Michigan 49201<BR>
    Telephone:
    <FONT style="white-space: nowrap">517-788-0550</FONT>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<A name='105'>
<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SAFE
    HARBOR STATEMENT UNDER THE<BR>
    PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This prospectus, any related prospectus supplement and the
    documents that we incorporate by reference herein and therein
    may contain statements that are statements concerning our
    expectations, plans, objectives, future financial performance
    and other items that are not historical facts. These statements
    are &#147;forward looking statements&#148; within the meaning of
    the Private Securities Litigation Reform Act of 1995. Forward
    looking statements involve risks and uncertainties that may
    cause actual results or outcomes to differ materially from those
    included in the forward looking statements. In connection with
    the safe harbor provisions of the Private Securities Litigation
    Reform Act of 1995, the Registrants are filing herein or
    incorporating by reference cautionary statements identifying
    important factors that could cause their respective actual
    results to differ materially from those projected in forward
    looking statements (as such term is defined in the Private
    Securities Litigation Reform Act of 1995)&#160;made by or on
    behalf of the Registrants. Any statements that express or
    involve discussions as to expectations, beliefs, plans,
    objectives, assumptions or future events, performance or growth
    (often, but not always, through the use of words or phrases such
    as &#147;may&#148;, &#147;could&#148;, &#147;anticipates&#148;,
    &#147;believes&#148;, &#147;estimates&#148;,
    &#147;expects&#148;, &#147;intends&#148;, &#147;plans&#148;,
    &#147;forecasts&#148; and similar expressions) are not
    statements of historical facts and are forward looking. Forward
    looking statements involve estimates, assumptions and
    uncertainties that could cause actual results to differ
    materially from those expressed in the forward looking
    statements. Accordingly, any such statements are qualified in
    their entirety by reference to, and are accompanied by, the
    important factors described in the sections of CMS Energy&#146;s
    and Consumers&#146; combined Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2007 filed with the SEC on
    February&#160;21, 2008 entitled &#147;Risk Factors&#148; and
    &#147;Forward-Looking Statements and Information&#148;, as
    updated by the sections of CMS Energy&#146;s and Consumers&#146;
    combined Forms 10-Q for the quarter ended March 31, 2008 filed
    with the SEC on May 5, 2008 and the quarter ended June&#160;30,
    2008 filed with the SEC on August&#160;5, 2008 entitled
    &#147;Risk Factors&#148; and &#147;Forward-Looking Statements
    and Information&#148;, that could cause a Registrant&#146;s
    actual results to differ materially from those contained in
    forward looking statements of such Registrant made by or on
    behalf of such Registrant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All such factors are difficult to predict, contain uncertainties
    that may materially affect actual results and are beyond the
    control of the Registrants. You are cautioned not to place undue
    reliance on forward looking statements. Any forward looking
    statement speaks only as of the date on which such statement is
    made, and the Registrants undertake no obligation to update any
    forward looking statement or statements to reflect events or
    circumstances after the date on which such statement is made or
    to reflect the occurrence of unanticipated events. New factors
    emerge from time to time, and it is not possible for each
    Registrant&#146;s management to predict all of such factors, nor
    can such management assess the impact of each such factor on the
    business of such Registrant or the extent to which any factor,
    or combination of factors, may cause actual results of such
    Registrant to differ materially from those contained in any
    forward looking statements.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<A name='106'>
<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    REGISTRANTS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CMS
    ENERGY</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy is an energy holding company operating through
    subsidiaries in the United States, primarily in Michigan. Its
    two principal subsidiaries are Consumers and CMS Enterprises
    Company <B>(&#147;Enterprises&#148;)</B>. Consumers is a public
    utility that provides electricity
    <FONT style="white-space: nowrap">and/or</FONT>
    natural gas to almost 6.5&#160;million of Michigan&#146;s
    10&#160;million
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    3
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    residents and serves customers in all 68 counties of
    Michigan&#146;s lower peninsula. Enterprises, through various
    subsidiaries and certain equity investments, is engaged
    primarily in domestic independent power production. CMS Energy
    manages its businesses by the nature of services each provides
    and operates principally in three business segments: electric
    utility, gas utility, and enterprises.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    TRUSTS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy Trust&#160;IV and CMS Energy Trust&#160;V are
    statutory business trusts formed under the Delaware Statutory
    Trust&#160;Act pursuant to (i)&#160;a trust agreement executed
    by CMS Energy, as sponsor, and the trustees of the Trusts (the
    <B>&#147;CMS Energy Trustees&#148;</B>) and (ii)&#160;the filing
    of a certificate of trust with the Secretary of State of the
    State of Delaware. At the time of public issuance of
    Trust&#160;Preferred Securities of the Trusts, each trust
    agreement will be amended and restated in its entirety (as so
    amended and restated, the
    <B>&#147;Trust&#160;Agreement&#148;</B>) and will be qualified
    as an indenture under the Trust&#160;Indenture Act of 1939, as
    amended (the <B>&#147;Trust&#160;Indenture Act&#148;</B>). CMS
    Energy will directly or indirectly acquire common securities of
    each Trust (the <B>&#147;Common Securities&#148;</B> and,
    together with the Trust&#160;Preferred Securities of such Trust,
    the <B>&#147;Trust&#160;Securities&#148;</B>) in an aggregate
    liquidation amount equal to approximately 3% for the total
    capital of the Trust. Each Trust exists for the exclusive
    purposes of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    issuing Trust&#160;Preferred Securities and Common Securities
    representing undivided beneficial interests in the assets of the
    Trust;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    investing the gross proceeds of the Trust&#160;Securities in the
    Senior Debt Securities or Subordinated Debt Securities of CMS
    Energy;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    engaging in only those other activities necessary or incidental
    thereto.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each Trust has a term of approximately 30&#160;years, but may
    terminate earlier as provided in the Trust&#160;Agreement.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CONSUMERS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Consumers was formed in Michigan in 1968 and is the successor to
    a corporation organized in Maine in 1910 that conducted business
    in Michigan from 1915 to 1968. Consumers serves individuals and
    companies operating in the automotive, metal, chemical and food
    products industries as well as a diversified group of other
    industries. In 2007, Consumers served 1.8&#160;million electric
    customers and 1.7&#160;million gas customers. Consumers&#146;
    rates and certain other aspects of its business are subject to
    the jurisdiction of the Michigan Public Service Commission and
    the Federal Energy Regulatory Commission. Consumers manages its
    business by the nature of service provided and operates
    principally in two business segments: electric utility and gas
    utility.
</DIV>
<A name='107'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">USE OF
    PROCEEDS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as otherwise provided in the applicable prospectus
    supplement or other offering materials, the net proceeds from
    the sale of the CMS Energy and Consumers securities will be used
    for general corporate purposes. If we do not use the net
    proceeds immediately, we may temporarily invest them in
    short-term, interest-bearing obligations. The specific use of
    proceeds from the sale of securities will be set forth in the
    applicable prospectus supplement or other offering materials
    relating to the offering of such securities. The net proceeds
    received by each of the Trusts from the sale of its
    Trust&#160;Preferred Securities or the Common Securities will be
    used to purchase from CMS Energy its Senior Debt Securities or
    Subordinated Debt Securities.
</DIV>
<A name='108'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">RATIO OF
    EARNINGS TO FIXED CHARGES AND<BR>
    RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED
    DIVIDENDS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each of the ratio of earnings to fixed charges and the ratio of
    earnings to combined fixed charges and preferred dividends of
    CMS Energy and Consumers is incorporated by reference from their
    combined
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarter ended June&#160;30, 2008 filed with the SEC on
    August&#160;5, 2008.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    4
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='109'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DESCRIPTION
    OF SECURITIES</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CMS
    ENERGY</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Introduction</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Specific terms of the shares of CMS Energy Common Stock, the
    shares of Preferred Stock, the shares of Cumulative Convertible
    Preferred Stock, unsecured senior debt securities (the
    <B>&#147;Senior Debt Securities&#148;</B>), unsecured
    convertible senior debt securities (the <B>&#147;Senior
    Convertible Debt Securities&#148;</B>) and unsecured
    subordinated debt securities (the <B>&#147;Subordinated Debt
    Securities&#148;</B>) (the Senior Debt Securities, the Senior
    Convertible Debt Securities and the Subordinated Debt Securities
    are referred to, individually, as a <B>&#147;CMS Energy Debt
    Security&#148;</B> and, collectively, as the <B>&#147;CMS Energy
    Debt Securities&#148;</B>), stock purchase contracts to purchase
    CMS Energy Common Stock (the <B>&#147;Stock Purchase
    Contracts&#148;</B>), stock purchase units (the <B>&#147;Stock
    Purchase Units&#148;</B>), each representing ownership of a
    Stock Purchase Contract and Senior Debt Securities, Subordinated
    Debt Securities, Trust&#160;Preferred Securities (as defined
    below) or debt obligations of third parties, including
    U.S.&#160;Treasury securities, securing the holder&#146;s
    obligation to purchase the CMS Energy Common Stock under the
    Stock Purchase Contract, or any combination of the foregoing,
    irrevocable guarantees (individually, a
    <B>&#147;Guarantee&#148;</B> and, collectively,
    <B>&#147;Guarantees&#148;</B>) of CMS Energy, on a senior or
    subordinated basis as applicable, and to the extent set forth
    therein, with respect to each of the Trust&#160;Securities, the
    payment of distributions, the redemption price, including all
    accrued or deferred and unpaid distributions, and payment on
    liquidation, but only to the extent of funds on hand, and trust
    preferred securities (the <B>&#147;Trust&#160;Preferred
    Securities&#148;</B>) representing preferred undivided
    beneficial interests in the assets of the Trust, in respect of
    which this prospectus is being delivered (collectively, the
    <B>&#147;CMS Energy Offered Securities&#148;</B>), will be set
    forth in an accompanying prospectus supplement or supplements,
    together with the terms of the offering of the CMS Energy
    Offered Securities, the initial price thereof and the net
    proceeds from the sale thereof. The prospectus supplement will
    set forth with regard to the particular CMS Energy Offered
    Securities, without limitation, the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    in the case of CMS Energy Debt Securities, the designation,
    aggregate principal amount, denomination, maturity, premium, if
    any, any exchange, conversion, redemption or sinking fund
    provisions, interest rate (which may be fixed or variable), the
    time or method of calculating interest payments, the right of
    CMS Energy, if any, to defer payment or interest on the CMS
    Energy Debt Securities and the maximum length of such deferral,
    put options, if any, public offering price, ranking, any listing
    on a securities exchange and other specific terms of the
    offering and sale thereof;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    in the case of CMS Energy Common Stock, the number of shares,
    public offering price and other specific terms of the offering
    and sale thereof;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    in the case of Trust&#160;Preferred Securities, the designation,
    number of shares, liquidation preference per security, public
    offering price, any listing on a securities exchange, dividend
    rate (or method of calculation thereof), dates on which
    dividends shall be payable and dates from which dividends shall
    accrue, any voting rights, any redemption, exchange or sinking
    fund provisions and any other rights, preferences, privileges,
    limitations or restrictions relating to a specific series of the
    Trust&#160;Preferred Securities, including a description of the
    Guarantee, as the case may be;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    in the case of Preferred Stock, the designation, number of
    shares, liquidation preference per security, public offering
    price, any listing on a securities exchange, dividend rate (or
    method of calculation thereof), dates on which dividends shall
    be payable and dates from which dividends shall accrue, any
    voting rights, any redemption, exchange, conversion or sinking
    fund provisions and any other rights, preferences, privileges,
    limitations or restrictions relating to a specific series of the
    Preferred Stock;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    in the case of Stock Purchase Units, the specific terms of the
    Stock Purchase Contracts and any Senior Debt Securities,
    Subordinated Debt Securities, Trust&#160;Preferred Securities or
    debt obligations of third parties securing the holders
    obligation to purchase CMS Energy Common Stock under the Stock
    Purchase Contracts, and the terms of the offering and sale
    thereof.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    5
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Capital
    Stock</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following summary of certain rights of the holders of CMS
    Energy capital stock does not purport to be complete and is
    qualified in its entirety by express reference to the Restated
    Articles of Incorporation of CMS Energy (the <B>&#147;CMS Energy
    Articles of Incorporation&#148;</B>) and the Bylaws of CMS
    Energy, which are incorporated into this prospectus by
    reference. See &#147;Where You Can Find More Information&#148;
    above. A copy of the Bylaws of CMS Energy has been previously
    filed with the SEC. The CMS Energy Articles of Incorporation are
    available on our website at www.cmsenergy.com.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The authorized capital stock of CMS Energy consists of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    350&#160;million shares of CMS Energy Common Stock;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    10&#160;million shares of Preferred Stock.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of June&#160;30, 2008, CMS Energy had 4,998,000&#160;shares
    of Cumulative Convertible Preferred Stock and
    225,452,351&#160;shares of CMS Energy Common Stock issued and
    outstanding.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Common
    Stock</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Dividend
    Rights and Policy; Restrictions on Dividends</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Dividends on CMS Energy Common Stock are paid at the discretion
    of the board of directors of CMS Energy based primarily upon the
    earnings and financial condition of CMS Energy. Dividends are
    payable out of the assets of CMS Energy legally available
    therefor.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In January 2007, the board of directors of CMS Energy reinstated
    the payment of dividends on CMS Energy Common Stock, which had
    been suspended since January 2003.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy is a holding company and its assets consist primarily
    of investments in its subsidiaries. As a holding company with no
    significant operations of its own, the principal sources of its
    funds are dependent primarily upon the earnings of its
    subsidiaries (in particular, Consumers), borrowings and sales of
    equity. CMS Energy&#146;s ability to pay dividends on CMS Energy
    Common Stock is dependent primarily upon the earnings and cash
    flows of its subsidiaries and the distribution or other payment
    of such earnings to CMS Energy in the form of dividends, tax
    sharing payments, loans or advances and repayment of loans and
    advances from CMS Energy. Accordingly, the ability of CMS Energy
    to pay dividends on its capital stock will depend on the
    earnings, financial requirements, contractual restrictions of
    the subsidiaries of CMS Energy (in particular, Consumers) and
    other factors. CMS Energy&#146;s subsidiaries are separate and
    distinct legal entities and have no obligation, contingent or
    otherwise, to pay any amounts on the capital stock of CMS Energy
    or to make any funds available therefor, whether by dividends,
    loans or other payments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Dividends on capital stock of CMS Energy are limited by Michigan
    law to legally available assets of CMS Energy. Distributions on
    CMS Energy Common Stock may be subject to the rights of the
    holders, if any, of the Preferred Stock, including the currently
    issued and outstanding Cumulative Convertible Preferred Stock.
    As long as the Cumulative Convertible Preferred Stock is
    outstanding, CMS Energy may not pay dividends on the CMS Energy
    Common Stock unless certain conditions are met, including,
    without limitation, that dividends on the Cumulative Convertible
    Preferred Stock have been paid. See &#147;Preferred
    Stock&#160;&#151; Dividends&#148; below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy is subject to the following contractual restrictions
    on its ability to pay dividends:
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">CMS
    Energy&#146;s Senior Secured Credit Facility</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the terms of our Seventh Amended and Restated Credit
    Agreement dated as of April&#160;2, 2007 (the <B>&#147;CMS
    Energy Credit Facility&#148;</B>), we have agreed that we will
    not, and will not permit our restricted subsidiaries (as that
    term is defined in the CMS Energy Credit Facility), directly or
    indirectly, to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    declare or pay any dividend, payment or other distribution of
    assets, properties, cash, rights, obligations or securities on
    account of any share of any class of CMS Energy Common Stock or
    the capital stock or other ownership interests of our restricted
    subsidiaries (other than stock splits and dividends payable
    solely in our
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    non-convertible equity securities (other than Redeemable Stock
    or Exchangeable Stock (as such terms are defined in our senior
    debt indenture dated as of September&#160;15, 1992 between CMS
    Energy and The Bank of New York Mellon, as trustee, as
    supplemented (the <B>&#147;Senior Debt Indenture&#148;</B>), on
    April&#160;2, 2007)) and dividends and distributions made to us
    or our restricted subsidiaries);
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    purchase, redeem, retire or otherwise acquire for value any such
    capital stock or other ownership interests;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    make, or permit any restricted subsidiary to make, any
    distribution of assets to any of its shareholders (other than
    distributions to CMS Energy or any restricted subsidiary);
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    pursuant to the terms of any class of our capital stock issued
    and outstanding (and as in effect on April&#160;2, 2007), any
    purchase or redemption of our capital stock made by exchange
    for, or out of the proceeds of the substantially concurrent sale
    of, our capital stock (other than Redeemable Stock or
    Exchangeable Stock (as such terms are defined in the Senior Debt
    Indenture on April&#160;2, 2007));
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    payments made by us or our restricted subsidiaries pursuant to
    our tax sharing agreement;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any cash dividend or cash distribution on CMS Energy Common
    Stock (provided that no event of default under the CMS Energy
    Credit Facility has occurred and is continuing as of the date of
    declaration or distribution thereof or would result therefrom).
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Senior
    Debt Indenture</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the terms of the Senior Debt Indenture, we have the
    following issued and outstanding securities: 7.75%&#160;Senior
    Notes Due 2010; 8.5%&#160;Senior Notes Due 2011;
    6.30%&#160;Senior Notes Due 2012; Floating Rate Senior Notes Due
    2013; 6.875%&#160;Senior Notes Due 2015; 6.55%&#160;Senior Notes
    Due 2017; 3.375%&#160;Convertible Senior Notes Due 2023; and
    2.875%&#160;Convertible Senior Notes Due 2024. So long as any of
    such notes issued thereunder are outstanding (other than the
    6.55%&#160;Senior Notes Due 2017 and the Floating Rate Senior
    Notes Due 2013)&#160;and until those notes are rated BBB- or
    above (or an equivalent rating) by Standard&#160;&#038;
    Poor&#146;s (as defined in the Senior Debt Indenture) and one
    Other Rating Agency (as defined in the Senior Debt Indenture),
    at which time we will be permanently released from the
    provisions of this limitation, we have agreed that we will not,
    and will not permit any of our restricted subsidiaries (as
    defined in the Senior Debt Indenture), directly or indirectly,
    to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    declare or pay any dividend or make any distribution on our
    capital stock to the direct or indirect holders of our capital
    stock (except dividends or distributions payable solely in our
    non-convertible capital stock (as defined in the Senior Debt
    Indenture) or in options, warrants or other rights to purchase
    such non-convertible capital stock and except dividends or other
    distributions payable to us or one of our subsidiaries);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    purchase, redeem or otherwise acquire or retire for value any of
    our capital stock;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    purchase, repurchase, redeem, defease or otherwise acquire or
    retire for value, prior to the scheduled maturity or scheduled
    repayment thereof, any of our subordinated indebtedness (as
    defined in the Senior Debt Indenture) (each, for purposes of the
    Senior Debt Indenture, a <B>&#147;Restricted Payment&#148;</B>),
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    if at the time of any Restricted Payment described above
    (i)&#160;an event of default under the Senior Debt Indenture (or
    event that with the lapse of time or giving of notice would
    constitute an event of default) has occurred and is continuing,
    or would occur as a result of the Restricted Payment, or
    (ii)&#160;the aggregate amount of such Restricted Payment and
    all Restricted Payments made since May&#160;6, 1997 would exceed
    the sum of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    $100&#160;million;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    100% of our consolidated net income (as defined in the Senior
    Debt Indenture) from May&#160;6, 1997 to the end of the most
    recent fiscal quarter ending at least 45&#160;days prior to the
    date of the Restricted Payment (or, in the case of a deficit,
    minus 100% of the deficit);&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the aggregate net proceeds (as defined in the Senior Debt
    Indenture) we have received for any issuance or sale of, or
    contribution with respect to, our capital stock subsequent to
    May&#160;6, 1997.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    7
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Trust&#160;Preferred
    Securities</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In June 1997, a CMS Energy affiliated trust issued
    $172.5&#160;million of
    7<FONT style="vertical-align: text-top; font-size: 70%;">3</FONT>/<FONT style="font-size: 70%;">4</FONT>%&#160;Convertible
    Quarterly Income Preferred Securities. The preferred securities
    are convertible at the option of the holder into shares of CMS
    Energy Common Stock at an initial conversion rate of
    1.2255&#160;shares of CMS Energy Common Stock for each preferred
    security (equivalent to a purchase price of $40.80 per share of
    CMS Energy Common Stock), subject to certain adjustments. We
    may, at our option, cause the conversion rights of the holders
    of the preferred securities to expire upon certain conditions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the terms of the indenture dated June&#160;1, 1997 between
    us and The Bank of New York Mellon, as trustee, as amended and
    supplemented (the <B>&#147;Subordinated Debt
    Indenture&#148;</B>), and the guarantee agreement dated
    June&#160;20, 1997 between us and The Bank of New York Mellon
    relating to the preferred securities of CMS Energy Trust&#160;I
    pursuant to which the preferred securities and the related
    7<FONT style="vertical-align: text-top; font-size: 70%;">3</FONT>/<FONT style="font-size: 70%;">4</FONT>%&#160;Convertible
    Subordinated Debentures due 2027 were issued, we have agreed
    that we will not, and will not cause any of our subsidiaries to,
    declare or pay any dividends or distributions on, or redeem,
    purchase, acquire or make a liquidation payment with respect to,
    any of our capital stock, if at such time:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an event has occurred, of which we have actual knowledge, that
    with the giving of notice or the lapse of time, or both, would
    constitute an event of default and in respect of which we have
    not taken reasonable steps to cure;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we are in default with respect to the payment of any obligations
    under the relevant guarantee agreement;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we have given notice of our election to defer payments of
    interest on the securities issued under the Subordinated Debt
    Indenture by extending the payment period as provided in any
    further supplemental indenture and have not rescinded such
    notice, or such period (or any extension thereof) is continuing.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Dividend
    Restrictions Under Michigan Law</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Michigan law prohibits payment of a dividend or a repurchase of
    capital stock if, after giving it effect, a corporation would
    not be able to pay its debts as they become due in the usual
    course of business, or its total assets would be less than the
    sum of its total liabilities plus, unless the CMS Energy
    Articles of Incorporation provide otherwise, the amount that
    would be needed, if the corporation were to be dissolved at the
    time of the distribution, to satisfy the preferential rights
    upon dissolution of shareholders whose preferential rights are
    superior to those receiving the distribution (including the
    rights of holders of preferred stock, if any).
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Voting
    Rights</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each holder of CMS Energy Common Stock is entitled to one vote
    for each share of CMS Energy Common Stock held by such holder on
    each matter voted upon by the shareholders. Such right to vote
    is not cumulative. A majority of the votes cast by the holders
    of shares entitled to vote thereon is sufficient for the
    adoption of any question presented, except that certain
    provisions of the CMS Energy Articles of Incorporation relating
    to special shareholder meetings, the removal, indemnification
    and liability of CMS Energy&#146;s board of directors and the
    requirements for amending these provisions may not be amended,
    altered, changed or repealed unless such amendment, alteration,
    change or repeal is approved by the affirmative vote of at least
    75% of the outstanding shares entitled to vote thereon.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under Michigan law, the approval of the holders of a majority of
    the outstanding shares of CMS Energy Common Stock would be
    necessary (1)&#160;to authorize, effect or validate the merger
    or consolidation of CMS Energy into or with any other
    corporation if such merger or consolidation would adversely
    affect the powers or special rights of CMS Energy Common Stock,
    and (2)&#160;to authorize any amendment to the CMS Energy
    Articles of Incorporation that would increase or decrease the
    aggregate number of authorized shares of CMS Energy Common Stock
    or alter or change the powers, preferences or special rights of
    the shares of CMS Energy Common Stock so as to affect them
    adversely. The CMS Energy Articles of Incorporation also provide
    that, unless the vote or consent of a greater number of shares
    shall then be required by law, the vote or consent of the
    holders of a majority of the shares of CMS Energy Common Stock
    then outstanding will be necessary to authorize, effect or
    validate the merger or consolidation of CMS Energy into or with
    any other entity if such merger or consolidation would adversely
    affect
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    8
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the powers or special rights of the CMS Energy Common Stock,
    either directly by amendment to the CMS Energy Articles of
    Incorporation or indirectly by requiring the holders of the CMS
    Energy Common Stock to accept or retain, in such merger or
    consolidation, anything other than (i)&#160;shares of such class
    or (ii)&#160;shares of the surviving or resulting corporation,
    having, in either case, powers and special rights identical to
    those of such common stock prior to such merger or
    consolidation. The effect of these provisions may be to permit
    the holders of a majority of the outstanding shares of CMS
    Energy Common Stock to block any such merger or amendment that
    would adversely affect the powers or special rights of holders
    of such shares of CMS Energy Common Stock.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Preemptive
    Rights</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The CMS Energy Articles of Incorporation provide that holders of
    CMS Energy Common Stock will have no preemptive rights to
    subscribe for or purchase any additional shares of the capital
    stock of CMS Energy of any class now or hereafter authorized, or
    Preferred Stock, bonds, debentures or other obligations or
    rights or options convertible into or exchangeable for or
    entitling the holder or owner to subscribe for or purchase any
    shares of capital stock, or any rights to exchange shares issued
    for shares to be issued.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Liquidation
    Rights</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event of the dissolution, liquidation or winding up of
    CMS Energy, whether voluntary or involuntary, after payment or
    provision for payment of the debts and other liabilities of CMS
    Energy and after there shall have been paid or set apart for the
    holders of Preferred Stock the full preferential amounts
    (including any accumulated and unpaid dividends) to which they
    are entitled, the holders of CMS Energy Common Stock will be
    entitled to receive, on a per share basis, the assets of CMS
    Energy remaining for distribution to the holders of CMS Energy
    Common Stock. Neither the merger or consolidation of CMS Energy
    into or with any other corporation, nor the merger or
    consolidation of any other corporation into or with CMS Energy
    nor any sale, transfer or lease of all or any part of the assets
    of CMS Energy, shall be deemed to be a dissolution, liquidation
    or winding up for the purposes of this provision.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Because CMS Energy has subsidiaries that have debt obligations
    and other liabilities of their own, CMS Energy&#146;s rights and
    the rights of its creditors and its stockholders to participate
    in the distribution of assets of any subsidiary upon the
    latter&#146;s liquidation or recapitalization will be subject to
    prior claims of the subsidiary&#146;s creditors, except to the
    extent that CMS Energy may itself be a creditor with recognized
    claims against the subsidiary.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Subdivision
    or Combination</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If CMS Energy subdivides (by stock split, stock dividend or
    otherwise) or combines (by reverse stock split or otherwise) the
    outstanding shares of CMS Energy Common Stock, the voting and
    liquidation rights of shares of CMS Energy Common Stock will be
    appropriately adjusted so as to avoid any dilution in aggregate
    voting or liquidation rights.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Exchanges</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The CMS Energy Articles of Incorporation do not provide for
    either the mandatory or optional exchange or redemption of CMS
    Energy Common Stock.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Transfer
    Agent and Registrar</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy Common Stock is transferable at CMS Energy
    Corporation, One Energy Plaza, Jackson, Michigan 49201. CMS
    Energy is the registrar and transfer agent for CMS Energy Common
    Stock.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Preferred
    Stock</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The authorized Preferred Stock may be issued without the
    approval of the holders of CMS Energy Common Stock in one or
    more series, from time to time, with each such series to have
    such designation, powers, preferences and relative,
    participating, optional or other special rights, voting rights,
    if any, and qualifications, limitations or
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    9
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    restrictions thereof, as shall be stated in a resolution
    providing for the issue of any such series adopted by CMS
    Energy&#146;s board of directors. The CMS Energy Articles of
    Incorporation provide that holders of Preferred Stock will not
    have any preemptive rights to subscribe for or purchase any
    additional shares of the capital stock of CMS Energy of any
    class now or hereafter authorized, or any Preferred Stock,
    bonds, debentures or other obligations or rights or options
    convertible into or exchangeable for or entitling the holder or
    owner to subscribe for or purchase any shares of capital stock.
    The future issuance of Preferred Stock may have the effect of
    delaying, deterring or preventing a change in control of CMS
    Energy.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Cumulative
    Convertible Preferred Stock</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The CMS Energy Articles of Incorporation establish one series of
    preferred stock designated as &#147;4.50% Cumulative Convertible
    Preferred Stock&#148; consisting of 5,000,000&#160;shares with a
    liquidation preference of $50.00 per share. The Cumulative
    Convertible Preferred Stock ranks prior to any series of CMS
    Energy Common Stock as to the payment of dividends and
    distribution of assets upon dissolution, liquidation or winding
    up of CMS Energy and is convertible into shares of CMS Energy
    Common Stock. The holders of the Cumulative Convertible
    Preferred Stock have no preemptive rights.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Dividends</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Holders of shares of Cumulative Convertible Preferred Stock will
    be entitled to receive, when, as and if declared by CMS
    Energy&#146;s board of directors out of funds legally available
    for payment, cumulative cash dividends at the rate per annum of
    4.50% per share on the liquidation preference thereof of $50.00
    per share (equivalent to $2.25 per annum per share). Dividends
    on the Cumulative Convertible Preferred Stock will be payable
    quarterly in arrears on March&#160;1, June&#160;1, September 1
    and December 1 of each year at such annual rate, and shall
    accumulate from the most recent date as to which dividends shall
    have been paid or, if no dividends have been paid, from the
    issue date of the Cumulative Convertible Preferred Stock,
    whether or not in any dividend period or periods there have been
    funds legally available for the payment of such dividends.
    Accumulated unpaid dividends accrue and cumulate dividends at
    the annual rate of 4.50%.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As long as any Cumulative Convertible Preferred Stock is
    outstanding, we may not pay dividends or distributions on, or
    purchase, redeem or otherwise acquire, subject to certain
    exceptions, shares of the CMS Energy Common Stock unless all
    accumulated and unpaid dividends on the Cumulative Convertible
    Preferred Stock have been paid or set aside for payment.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Liquidation
    Preference</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event of our voluntary or involuntary liquidation,
    <FONT style="white-space: nowrap">winding-up</FONT>
    or dissolution, holders of Cumulative Convertible Preferred
    Stock will be entitled to receive and to be paid out of our
    assets available for distribution to our stockholders, before
    any payment or distribution is made to holders of junior stock
    (including CMS Energy Common Stock), a liquidation preference in
    the amount of $50.00 per share of Cumulative Convertible
    Preferred Stock, plus accumulated and unpaid dividends on the
    shares to the date fixed for liquidation,
    <FONT style="white-space: nowrap">winding-up</FONT>
    or dissolution. If, upon our voluntary or involuntary
    liquidation,
    <FONT style="white-space: nowrap">winding-up</FONT>
    or dissolution, the amounts payable with respect to the
    liquidation preference of the Cumulative Convertible Preferred
    Stock and all parity stock are not paid in full, the holders of
    the Cumulative Convertible Preferred Stock and the parity stock
    will share equally and ratably in any distribution of our assets
    in proportion to the full liquidation preference and accumulated
    and unpaid dividends to which they are entitled.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Voting
    Rights</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as required by Michigan law and the CMS Energy Articles
    of Incorporation, the holders of Cumulative Convertible
    Preferred Stock have no voting rights unless dividends payable
    on the Cumulative Convertible Preferred Stock are in arrears for
    six or more quarterly periods (whether or not consecutive). In
    that event, the holders of the Cumulative Convertible Preferred
    Stock, voting as a single class with the shares of any other
    Preferred Stock or preference securities having similar voting
    rights that are exercisable, will be entitled at the next
    regular or special meeting of our stockholders to elect two
    additional directors (or one director if fewer than
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    10
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    six&#160;directors comprise our board prior to appointment), and
    the number of directors that comprise our board will be
    increased by the number of directors so elected. These voting
    rights and the terms of the directors so elected will continue
    until such time as the dividend arrearage on the Cumulative
    Convertible Preferred Stock has been paid in full.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Redemption</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We cannot redeem shares of the Cumulative Convertible Preferred
    Stock.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Mandatory
    Conversion</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On or after December&#160;5, 2008, we may, at our option, cause
    the Cumulative Convertible Preferred Stock to be automatically
    converted into that number of shares of CMS Energy Common Stock
    for each share of Cumulative Convertible Preferred Stock equal
    to $50.00 (the liquidation preference) divided by the applicable
    conversion rate with any resulting fractional share being paid
    for in cash. We may exercise our conversion right only if, for
    20&#160;trading days within any period of 30 consecutive trading
    days (including the last trading day of such
    <FONT style="white-space: nowrap">30-day</FONT>
    period), the closing price of the CMS Energy Common Stock
    exceeds 130% of the then-prevailing conversion price of the
    Cumulative Convertible Preferred Stock.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Conversion
    Rights</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A holder of record of Cumulative Convertible Preferred Stock may
    convert its shares of Cumulative Convertible Preferred Stock at
    any time into shares of CMS Energy Common Stock under any of the
    following circumstances:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    during any calendar quarter (and only during such calendar
    quarter) if the last reported sale price of CMS Energy Common
    Stock for at least 20 trading days during the period of 30
    consecutive trading days ending on the last trading day of the
    previous calendar quarter is greater than or equal to 120% of
    the conversion price per share of CMS Energy Common Stock on
    such last trading day;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    upon the occurrence of specified corporate transactions;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    subject to certain exceptions, during the five business day
    period immediately following any ten consecutive
    <FONT style="white-space: nowrap">trading-day</FONT>
    period in which the trading price per share of Cumulative
    Convertible Preferred Stock for each day of that period was less
    than 95% of the product of the closing sale price of CMS Energy
    Common Stock and the applicable conversion rate of such share of
    Cumulative Convertible Preferred Stock; provided, however, a
    holder may not convert its shares of Cumulative Convertible
    Preferred Stock if the average closing sale price of CMS Energy
    Common Stock for such ten consecutive
    <FONT style="white-space: nowrap">trading-day</FONT>
    period was between the then current conversion price on the
    Cumulative Convertible Preferred Stock and 120% of the then
    applicable conversion price on the Cumulative Convertible
    Preferred Stock.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For each share of Cumulative Convertible Preferred Stock
    surrendered for conversion, holders will receive value
    equivalent to 5.0541&#160;shares of CMS Energy Common Stock.
    This represents an initial conversion price of $9.893 per share
    of CMS Energy Common Stock. The conversion rate may be adjusted
    for certain reasons, but it will not be adjusted for accumulated
    and unpaid dividends on the Preferred Stock.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Primary
    Source of Funds of CMS Energy; Restrictions on Sources of
    Dividends</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The ability of CMS Energy to pay (i)&#160;dividends on its
    capital stock and (ii)&#160;its indebtedness, including the CMS
    Energy Debt Securities, depends and will depend substantially
    upon timely receipt of sufficient dividends or other
    distributions from its subsidiaries, in particular Consumers and
    Enterprises. Each of Consumers&#146; and Enterprises&#146;
    ability to pay dividends on its common stock depends upon its
    revenues, earnings and other factors. Consumers&#146; revenues
    and earnings will depend substantially upon rates authorized by
    the Michigan Public Service Commission.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy has pledged the common stock of Consumers as security
    for bank credit facilities.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    11
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Consumers&#146; Restated Articles of Incorporation (the
    <B>&#147;Consumers Articles of Incorporation&#148;</B>) provide
    two restrictions on its payment of dividends on its common
    stock. First, prior to the payment of any common stock dividend,
    Consumers must reserve retained earnings after giving effect to
    such dividend payment of at least:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    $7.50 per share on all then outstanding shares of its preferred
    stock;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    in respect to its Class&#160;A Preferred Stock, 7.5% of the
    aggregate amount established by its board of directors to be
    payable on the shares of each series thereof in the event of
    involuntary liquidation of Consumers;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    $7.50 per share on all then outstanding shares of all other
    stock over which its preferred stock and Class&#160;A Preferred
    Stock do not have preference as to the payment of dividends and
    as to assets.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Second, dividend payments during the
    <FONT style="white-space: nowrap">12-month</FONT>
    period ending with the month the proposed payment is to be paid
    are limited to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    50% of net income available for the payment of dividends during
    the Base Period (as defined below), if the ratio of common stock
    and surplus to total capitalization and surplus for 12
    consecutive calendar months within the 14 calendar months
    immediately preceding the proposed dividend payment (the
    <B>&#147;Base Period&#148;</B>), adjusted to reflect the
    proposed dividend, is less than 20%;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    75% of net income available for the payment of dividends during
    the Base Period if the ratio of common stock and surplus to
    total capitalization and surplus for the Base Period, adjusted
    to reflect the proposed dividend, is at least 20% but less than
    25%.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Consumers Articles of Incorporation also prohibit the
    payment of cash dividends on its common stock if Consumers is in
    arrears on preferred stock dividend payments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, Michigan law prohibits payment of a dividend if,
    after giving it effect, Consumers or Enterprises would not be
    able to pay its respective debts as they become due in the usual
    course of business, or its respective total assets would be less
    than the sum of its respective total liabilities plus, unless
    the respective articles of incorporation permit otherwise, the
    amount that would be needed, if Consumers or Enterprises were to
    be dissolved at the time of the distribution, to satisfy the
    preferential rights upon dissolution of shareholders whose
    preferential rights are superior to those receiving the
    distribution. Currently, it is Consumers&#146; policy to pay
    annual dividends equal to 80% of its annual consolidated net
    income. Consumers&#146; board of directors reserves the right to
    change this policy at any time.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CMS
    Energy Debt Securities</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The CMS Energy Debt Securities offered by any prospectus
    supplement will be unsecured obligations of CMS Energy and will
    be either senior or subordinated debt. Senior Debt Securities
    will be issued under the Senior Debt Indenture and Subordinated
    Debt Securities will be issued under the Subordinated Debt
    Indenture. The Senior Debt Indenture and the Subordinated Debt
    Indenture are sometimes referred to in this prospectus
    individually as a <B>&#147;CMS Energy Indenture&#148;</B> and
    collectively as the <B>&#147;CMS Energy Indentures&#148;</B>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following briefly summarizes the material provisions of the
    CMS Energy Indentures that have been filed with the SEC and
    incorporated by reference in the registration statement of which
    this prospectus is a part. This summary of the CMS Energy
    Indentures is not complete and is qualified in its entirety by
    reference to the CMS Energy Indentures. You should read the more
    detailed provisions of the applicable CMS Energy Indenture,
    including the defined terms, for provisions that may be
    important to you. You should also read the particular terms of a
    series of CMS Energy Debt Securities, which will be described in
    more detail in the applicable prospectus supplement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise provided in the applicable prospectus
    supplement, the trustee under the Senior Debt Indenture and
    under the Subordinated Debt Indenture will be The Bank of New
    York Mellon.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">General</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The CMS Energy Indentures provide that CMS Energy Debt
    Securities may be issued in one or more series, with different
    terms, in each case as authorized from time to time by CMS
    Energy. The CMS Energy Indentures do
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    12
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    not limit the aggregate principal amount of CMS Energy Debt
    Securities that may be issued under the CMS Energy Indentures
    and provide that the CMS Energy Debt Securities may be issued
    from time to time in one or more series. All securities issued
    under the relevant CMS Energy Indenture will rank equally and
    ratably with all other securities issued under such CMS Energy
    Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Federal income tax consequences and other special considerations
    applicable to any CMS Energy Debt Securities issued at a
    discount will be described in the applicable prospectus
    supplement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Because CMS Energy is a holding company, the claims of creditors
    of CMS Energy&#146;s subsidiaries will have a priority over CMS
    Energy&#146;s equity rights and the rights of CMS Energy&#146;s
    creditors, including the holders of CMS Energy Debt Securities,
    to participate in the assets of the subsidiary upon the
    subsidiary&#146;s liquidation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The applicable prospectus supplement relating to any series of
    CMS Energy Debt Securities will describe the following terms,
    where applicable:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the title of the CMS Energy Debt Securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    whether the CMS Energy Debt Securities will be senior or
    subordinated debt;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the total principal amount of the CMS Energy Debt Securities of
    such series that may be issued;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the percentage of the principal amount at which the CMS Energy
    Debt Securities will be sold and, if applicable, the method of
    determining the price;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the maturity date or dates;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the interest rate or the method of computing the interest rate;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the date or dates from which any interest will accrue, or how
    such date or dates will be determined, and the interest payment
    date or dates and any related record dates;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the place or places where the principal of and any interest on
    such CMS Energy Debt Securities of such series will be payable;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any right of CMS Energy to redeem such CMS Energy Debt
    Securities of such series and the terms and conditions of any
    such redemption;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any obligation of CMS Energy to redeem, purchase or repay the
    CMS Energy Debt Securities at the option of a holder upon the
    happening of any event and the terms and conditions of any such
    redemption, purchase or repayment;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any obligation of CMS Energy to permit the conversion of such
    CMS Energy Debt Securities into CMS Energy Common Stock and the
    terms and conditions upon which such conversion shall be
    effected;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    whether the CMS Energy Debt Securities of such series will be
    issued in book-entry form and the terms and any conditions for
    exchanging the global security in whole or in part for paper
    certificates;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any material provisions of the applicable indenture described in
    this prospectus that do not apply to the CMS Energy Debt
    Securities of such series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any additional amounts with respect to the CMS Energy Debt
    Securities of such series that CMS Energy will pay to a
    <FONT style="white-space: nowrap">non-United</FONT>
    States person because of any tax, assessment or governmental
    charge withheld or deducted and, if so, any option of CMS Energy
    to redeem the CMS Energy Debt Securities of such series rather
    than paying these additional amounts;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any other specific terms of the CMS Energy Debt Securities of
    such series.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The CMS Energy Indentures provide that all CMS Energy Debt
    Securities of any one series need not be issued at the same
    time, and CMS Energy may, from time to time, issue additional
    CMS Energy Debt Securities of a previously issued series without
    consent of, and without notifying, the holders of other CMS
    Energy Debt Securities. In addition, the CMS Energy Indentures
    provide that CMS Energy may issue CMS Energy Debt Securities
    with terms different from those of any other series of CMS
    Energy Debt Securities and, within a series of
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    13
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy Debt Securities, certain terms (such as interest rate
    or manner in which interest is calculated and maturity date) may
    differ.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Concerning
    the Trustees</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Bank of New York Mellon, the trustee under the Senior Debt
    Indenture and the Subordinated Debt Indenture, is one of a
    number of banks with which CMS Energy and its subsidiaries
    maintain ordinary banking relationships, including credit
    facilities.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Exchange
    and Transfer</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy Debt Securities may be presented for exchange and
    registered CMS Energy Debt Securities may be presented for
    registration of transfer at the office or agency maintained for
    that purpose subject to the restrictions set forth in any such
    CMS Energy Debt Securities and in the applicable prospectus
    supplement without service charge, but upon payment of any taxes
    or other governmental charges due in connection therewith,
    subject to any limitations contained in the applicable
    indenture. CMS Energy Debt Securities in bearer form and the
    coupons appertaining thereto, if any, will be transferable by
    delivery as provided in the applicable CMS Energy Indenture.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Payment</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Payments of principal of and any interest on CMS Energy Debt
    Securities in registered form will be made at the office or
    agency of the applicable trustee in the Borough of Manhattan,
    The City of New York or its other designated office. However, at
    the option of CMS Energy, payment of any interest may be made by
    check or by wire transfer. Payment of any interest due on CMS
    Energy Debt Securities in registered form will be made to the
    persons in whose name the CMS Energy Debt Securities are
    registered at the close of business on the record date for such
    interest payments. Payments to be made in any other manner will
    be specified in the applicable prospectus supplement.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Events
    of Default</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each CMS Energy Indenture provides that events of default
    regarding any series of CMS Energy Debt Securities will be:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    failure to pay required interest on any CMS Energy Debt Security
    of such series for 30&#160;days;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    failure to pay principal other than a scheduled installment
    payment or premium, if any, on any CMS Energy Debt Security of
    such series when due;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    failure to make any required scheduled installment payment for
    30&#160;days on CMS Energy Debt Securities of such series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    failure to deposit any sinking fund when due in respect of the
    CMS Energy Debt Securities of such series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    failure to perform any other covenant in the relevant indenture
    other than a covenant included in the relevant indenture solely
    for the benefit of a series of CMS Energy Debt Securities other
    than such series continued for 60&#160;days after written notice
    by the trustee to CMS Energy or by the holders of at least 25%
    in aggregate principal amount of the outstanding CMS Energy Debt
    Securities of all series affected thereby to CMS Energy and the
    trustee as provided in the applicable CMS Energy Indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    certain events of bankruptcy or insolvency, whether voluntary or
    not;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    entry of final judgments against CMS Energy or Consumers for
    more than $25,000,000 that remain undischarged or unbonded for
    60&#160;days;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a default resulting in the acceleration of indebtedness of CMS
    Energy or Consumers of more than $25,000,000, and the
    acceleration has not been rescinded or annulled within
    10&#160;days after written notice of such default by the trustee
    to CMS Energy or by the holders of at least 10% in aggregate
    principal amount of the outstanding CMS Energy Debt Securities
    of that series to CMS Energy and the trustee as provided in the
    applicable CMS Energy Indenture.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    14
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Additional events of default may be prescribed for the benefit
    of the holders of a particular series of CMS Energy Debt
    Securities and will be described in the prospectus supplement
    relating to those CMS Energy Debt Securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If an event of default regarding CMS Energy Debt Securities of
    any series issued under the CMS Energy Indentures should occur
    and be continuing, either the trustee or the holders of at least
    25% in the principal amount of outstanding CMS Energy Debt
    Securities of such series may declare each CMS Energy Debt
    Security of that series due and payable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Holders of a majority in principal amount of the outstanding CMS
    Energy Debt Securities of each series affected will be entitled
    to control certain actions of the trustee under the CMS Energy
    Indentures and to waive past defaults regarding such series. The
    trustee generally will not be requested, ordered or directed by
    any of the holders of CMS Energy Debt Securities, unless one or
    more of such holders shall have offered to the trustee
    reasonable security or indemnity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Before any holder of any series of CMS Energy Debt Securities
    may institute action for any remedy, except payment on such
    holder&#146;s CMS Energy Debt Security when due, the holders of
    not less than 25% in aggregate principal amount of the CMS
    Energy Debt Securities of each affected series then outstanding
    must request the trustee to take action. Holders must also offer
    the trustee reasonable indemnity against costs, expenses and
    liabilities incurred by the trustee for taking such action.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy is required to annually furnish the relevant trustee
    a statement as to CMS Energy&#146;s compliance with all
    conditions and covenants under the applicable CMS Energy
    Indenture. Each CMS Energy Indenture provides that the relevant
    trustee may withhold notice to the holders of the CMS Energy
    Debt Securities of any series of any default affecting such
    series, except payment of principal of, interest on or any
    sinking fund installment on CMS Energy Debt Securities of such
    series when due, if it considers withholding notice to be in the
    interests of the holders of the CMS Energy Debt Securities of
    such series.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Consolidation,
    Merger or Sale of Assets</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each CMS Energy Indenture provides that CMS Energy may
    consolidate with or merge into, or sell, lease or convey its
    property as an entirety or substantially as an entirety to, any
    other corporation if the new corporation assumes the obligations
    of CMS Energy under the CMS Energy Debt Securities and the CMS
    Energy Indentures and is organized and existing under the laws
    of the United States of America, any U.S.&#160;state or the
    District of Columbia, and after giving effect to the transaction
    no event of default under the applicable CMS Energy Indenture
    has occurred and is continuing, and certain other conditions are
    met.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Modification
    of the Indenture</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each CMS Energy Indenture permits CMS Energy and the relevant
    trustee to enter into supplemental indentures without the
    consent of the holders of the CMS Energy Debt Securities:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to establish the form and terms of any series of securities
    under that CMS Energy Indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to cure any ambiguity;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to provide for a successor to CMS Energy to assume the
    applicable CMS Energy Indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to add covenants of CMS Energy for the benefit of the holders of
    any series of CMS Energy Debt Securities;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to provide for a successor trustee.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each CMS Energy Indenture also permits CMS Energy and the
    relevant trustee, with the consent of the holders of a majority
    in aggregate principal amount of the CMS Energy Debt Securities
    of all series then outstanding and affected (voting as one
    class), to change in any manner the provisions of the applicable
    CMS Energy Indenture or modify in any manner the rights of the
    holders of the CMS Energy Debt Securities of each such affected
    series. CMS
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    15
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Energy and the relevant trustee may not, without the consent of
    the holder of each CMS Energy Debt Security affected, enter into
    any supplemental indenture to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change the time of payment of the principal of such CMS Energy
    Debt Security;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    reduce the principal amount or amount payable upon redemption,
    if any, of such CMS Energy Debt Security;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    reduce the rate or change the time of payment of interest on
    such CMS Energy Debt Security;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change the currency of payment of principal of or interest on
    such CMS Energy Debt Security;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    reduce the amount payable on any securities issued originally at
    a discount upon acceleration or provable in bankruptcy;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    impair the right to institute suit for the enforcement of any
    payment on any CMS Energy Debt Security when due.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, no such modification may reduce the percentage in
    principal amount of the CMS Energy Debt Securities of the
    affected series, the consent of whose holders is required for
    any such modification or for any waiver provided for in the
    applicable CMS Energy Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Prior to the acceleration of the maturity of any CMS Energy Debt
    Security, the holders, voting as one class, of a majority in
    aggregate principal amount of the CMS Energy Debt Securities of
    all series then outstanding with respect to which a default or
    event of default shall have occurred and be continuing may on
    behalf of the holders of all such affected CMS Energy Debt
    Securities waive any past default or event of default and its
    consequences, except a default or an event of default in respect
    of the payment of the principal of or interest on any CMS Energy
    Debt Security of such series or in respect of a covenant or
    provision of the applicable CMS Energy Indenture or of any CMS
    Energy Debt Security that cannot be modified or amended without
    the consent of the holder of each CMS Energy Debt Security
    affected.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Defeasance,
    Covenant Defeasance and Discharge</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each CMS Energy Indenture provides that, at the option of CMS
    Energy:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    CMS Energy will be discharged from all obligations in respect of
    the CMS Energy Debt Securities of a particular series then
    outstanding (except for certain obligations to register the
    transfer of or exchange the CMS Energy Debt Securities of such
    series, to replace stolen, lost or mutilated CMS Energy Debt
    Securities of such series, to maintain paying agencies and to
    maintain the trust described below);&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    CMS Energy need not comply with certain restrictive covenants of
    the relevant CMS Energy Indenture (including those described
    under &#147;Consolidation, Merger or Sale of Assets&#148; above),
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    if CMS Energy in each case irrevocably deposits in trust with
    the relevant trustee money or Government Obligations (as defined
    in the CMS Energy Indentures), maturing as to principal and
    interest at such times and in such amounts as will insure the
    availability of money, or a combination of money and Government
    Obligations, sufficient in the opinion of a nationally
    recognized firm of independent public accountants to pay all the
    principal and interest on the CMS Energy Debt Securities of such
    series, or any sinking fund payment, on the stated maturities of
    such CMS Energy Debt Securities in accordance with the terms
    thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To exercise this option, CMS Energy is required to deliver to
    the relevant trustee an opinion of independent counsel to the
    effect that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the exercise of such option would not cause the holders of the
    CMS Energy Debt Securities of such series to recognize income,
    gain or loss for United States federal income tax purposes as a
    result of such defeasance, and such holders will be subject to
    United States federal income tax on the same amounts, in the
    same manner and at the same times as would have been the case if
    such defeasance had not occurred;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    in the case of a discharge under the Senior Debt Indenture, such
    opinion shall also be to the effect that (i)&#160;a ruling to
    the same effect has been received from or published by the
    Internal Revenue Service or (ii)&#160;since the date of the
    applicable CMS Energy Indenture there has been a change in the
    applicable federal income tax law.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    16
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    CMS Energy exercises its option to effect a covenant defeasance
    with respect to the CMS Energy Debt Securities of any series as
    described above;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the CMS Energy Debt Securities of such series are thereafter
    declared due and payable because of the occurrence of any event
    of default other than an event of default caused by failing to
    comply with the covenants that are defeased;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amount of money and securities on deposit with the relevant
    trustee would be insufficient to pay amounts due on the CMS
    Energy Debt Securities of such series at the time of the
    acceleration resulting from such event of default,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy would remain liable for such amounts.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Governing
    Law</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each CMS Energy Indenture and the CMS Energy Debt Securities
    will be governed by, and construed in accordance with, the laws
    of the State of Michigan unless the laws of another jurisdiction
    shall mandatorily apply.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Senior
    Debt Securities</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Senior Debt Securities will be issued under the Senior Debt
    Indenture and will rank on an equal basis with all other
    unsecured debt of CMS Energy except subordinated debt.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Subordinated
    Debt Securities</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Subordinated Debt Securities will be issued under the
    Subordinated Debt Indenture and will rank subordinated and
    junior in right of payment in full, to the extent set forth in
    the Subordinated Debt Indenture, to all Senior Indebtedness (as
    defined herein) of CMS Energy.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If CMS Energy defaults in the payment of principal of, or
    interest on, any Senior Indebtedness when it becomes due and
    payable after any applicable grace period or in the event any
    judicial proceeding is pending with respect to any such default,
    then, unless and until the default is cured or waived or ceases
    to exist, CMS Energy cannot make a payment with respect to the
    principal of, or interest on, Subordinated Debt Securities or
    acquire any Subordinated Debt Securities or on account of any
    sinking fund provisions. The provisions of the Subordinated Debt
    Indenture described in this paragraph, however, do not prevent
    CMS Energy from making payments in CMS Energy capital stock or
    certain rights to acquire CMS Energy capital stock or sinking
    fund payments in Subordinated Debt Securities acquired prior to
    the maturity of Senior Indebtedness or, in the case of default,
    prior to such default and notice thereof and payments made
    through the exchange of other debt obligations of CMS Energy for
    the Subordinated Debt Securities. If there is any dissolution,
    insolvency, bankruptcy, liquidation or other similar proceeding
    relating to CMS Energy, its creditors or its property, then all
    Senior Indebtedness must be paid in full before any payment may
    be made to any holders of Subordinated Debt Securities. Holders
    of Subordinated Debt Securities must return and deliver any
    payments received by them, other than in a plan of
    reorganization or through a defeasance trust as described above,
    directly to the holders of Senior Indebtedness until all Senior
    Indebtedness is paid in full.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Senior Indebtedness&#148;</I> means the principal of
    and premium, if any, and interest on the following, whether
    outstanding on the date of execution of the Subordinated Debt
    Indenture or thereafter incurred, created or assumed:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    indebtedness of CMS Energy for money borrowed by CMS Energy
    (including purchase money obligations) or evidenced by
    debentures (other than the Subordinated Debt Securities), notes,
    bankers&#146; acceptances or other corporate debt securities or
    similar instruments issued by CMS Energy;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    all capital lease obligations of CMS Energy;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    all obligations of CMS Energy issued or assumed as deferred
    purchase price of property, all conditional sale obligations of
    CMS Energy and all obligations of CMS Energy under title
    retention agreement (but excluding trade accounts payable
    arising in the ordinary course of business);
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    17
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    obligations of CMS Energy with respect to letters of credit;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    all indebtedness of others of the type referred to in the four
    preceding clauses assumed by or guaranteed in any manner by CMS
    Energy or in effect guaranteed by CMS Energy;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    all obligations of the type referred to in the five preceding
    clauses of other persons secured by any lien on any property or
    asset of CMS Energy (subject to certain exceptions);&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    renewals, extensions or refundings of any of the indebtedness
    referred to in the preceding six clauses unless, in the case of
    any particular indebtedness, renewal, extension or refunding,
    under the express provisions of the instrument creating or
    evidencing the same or the assumption or guarantee of the same,
    or pursuant to which the same is outstanding, such indebtedness
    or such renewal, extension or refunding thereof is not superior
    in right of payment to the Subordinated Debt Securities.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Subordinated Debt Indenture does not limit the total amount
    of Senior Indebtedness that may be issued.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    Covenants</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If Subordinated Debt Securities are issued to a Trust or a
    trustee of such Trust in connection with the issuance of
    Trust&#160;Preferred Securities by such Trust, and if at such
    time:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    there shall have occurred any event of which CMS Energy has
    actual knowledge (i)&#160;with the giving of notice or the lapse
    of time, or both, would constitute an event of default under the
    Subordinated Debt Indenture and (ii)&#160;in respect of which
    CMS Energy shall not have taken reasonable steps to cure;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    CMS Energy shall be in default with respect to its payment of
    any obligations under the Guarantees;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    CMS Energy shall have given notice of its election to defer
    payments of interest on such Subordinated Debt Securities as
    provided in the Subordinated Debt Indenture and shall not have
    rescinded such notice, or such extension period, or any
    extension thereof, shall be continuing, then
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy will not, and it will cause its subsidiaries to not:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    declare or pay any dividends or distributions on, or redeem,
    purchase, acquire or make a liquidation payment with respect to,
    any of CMS Energy&#146;s capital stock;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    make any payment of principal, interest or premium, if any, on
    or repay or repurchase or redeem any debt securities (including
    guarantees of indebtedness for money borrowed) of CMS Energy
    that rank pari passu with or junior to the Subordinated Debt
    Securities,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any dividend, redemption, liquidation, interest, principal or
    guarantee payment by CMS Energy where the payment is made by way
    of securities (including capital stock) that rank pari passu
    with or junior to the securities on which such dividend,
    redemption, liquidation, interest, principal or guarantee
    payment is being made;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    payments under the Guarantees;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    purchases of CMS Energy Common Stock related to the issuance of
    CMS Energy Common Stock under any of CMS Energy&#146;s benefit
    plans for its directors, officers or employees;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    as a result of a reclassification of CMS Energy&#146;s capital
    stock or the exchange or conversion of one series or class of
    CMS Energy&#146;s capital stock for another series or class of
    CMS Energy&#146;s capital stock;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the purchase of fractional interests in shares of CMS
    Energy&#146;s capital stock pursuant to the conversion or
    exchange provisions of such capital stock or the security being
    converted or exchanged.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    18
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy also covenants:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    that for so long as Trust&#160;Preferred Securities are
    outstanding, not to convert the Subordinated Debt Securities
    except pursuant to a notice of conversion delivered to the
    conversion agent by a holder of Trust&#160;Preferred Securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to maintain directly or indirectly 100% ownership of the Common
    Securities, provided that certain successors that are permitted
    pursuant to the Subordinated Debt Indenture may succeed to CMS
    Energy&#146;s ownership of the Common Securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    not to voluntarily terminate,
    <FONT style="white-space: nowrap">wind-up</FONT> or
    liquidate such Trust, except (i)&#160;in connection with a
    distribution of Subordinated Debt Securities to the holders of
    the Trust&#160;Preferred Securities in liquidation of such Trust
    or (ii)&#160;in connection with certain mergers, consolidations
    or amalgamations permitted by the declaration of trust or other
    governing instrument of such Trust;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to maintain the reservation for issuance of the number of shares
    of CMS Energy Common Stock that would be required from time to
    time upon the conversion of all the CMS Energy Debt Securities
    then outstanding;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to use its reasonable efforts, consistent with the terms and
    provisions of the declaration of trust or other governing
    instrument of such Trust, to cause such Trust to remain
    classified as a business trust and not as an association taxable
    as a corporation for United States federal income tax
    purposes;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to deliver shares of CMS Energy Common Stock upon an election by
    the holders of the Trust&#160;Preferred Securities to convert
    such Trust&#160;Preferred Securities into CMS Energy Common
    Stock.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As part of the Guarantees, CMS Energy will agree that it will
    honor all obligations described therein relating to the
    conversion or exchange of the Trust&#160;Preferred Securities
    into or for CMS Energy Common Stock, Senior Debt Securities or
    Subordinated Debt Securities.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Conversion
    Rights</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the prospectus supplement so provides, the holders of CMS
    Energy Debt Securities may convert such CMS Energy Debt
    Securities into CMS Energy Common Stock at the option of the
    holders at the principal amount thereof, or of such portion
    thereof, at any time during the period specified in the
    prospectus supplement, at the conversion price or conversion
    rate specified in the prospectus supplement; except that, with
    respect to any CMS Energy Debt Securities (or portion thereof)
    called for redemption, such conversion right shall terminate at
    the close of business on the fifteenth day prior to the date
    fixed for redemption of such CMS Energy Debt Security, unless
    CMS Energy shall default in payment of the amount due upon
    redemption thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The conversion privilege and conversion price or conversion rate
    will be adjusted in certain events, including if CMS Energy:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    pays a dividend or makes a distribution in shares of CMS Energy
    Common Stock;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    subdivides its outstanding shares of CMS Energy Common Stock
    into a greater number of shares;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    combines its outstanding shares of CMS Energy Common Stock into
    a smaller number of shares;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    pays a dividend or makes a distribution on its CMS Energy Common
    Stock other than in shares of its CMS Energy Common Stock;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    issues by reclassification of its shares of CMS Energy Common
    Stock any shares of its capital stock;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    issues any rights or warrants to all holders of shares of its
    CMS Energy Common Stock entitling them (for a period expiring
    within 45&#160;days, or such other period as may be specified in
    the prospectus supplement) to purchase shares of CMS Energy
    Common Stock (or Convertible Securities as defined in the CMS
    Energy Indentures) at a price per share less than the Average
    Market Price (as defined in the CMS Energy Indentures) per share
    for such CMS Energy Common Stock;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    distributes to all holders of shares of its CMS Energy Common
    Stock any assets or debt securities or any rights or warrants to
    purchase securities;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    19
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    provided, that no adjustment shall be made under the last two
    bullet points above if the adjusted conversion price would be
    higher than, or the adjusted conversion rate would be less than,
    the conversion price or conversion rate, as the case may be, in
    effect prior to such adjustment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy may reduce the conversion price or increase the
    conversion rate, temporarily or otherwise, by any amount, but in
    no event shall such adjusted conversion price or conversion rate
    result in shares of CMS Energy Common Stock being issuable upon
    conversion of the CMS Energy Debt Securities if converted at the
    time of such adjustment at an effective conversion price per
    share less than the par value of the CMS Energy Common Stock at
    the time such adjustment is made. No adjustments in the
    conversion price or conversion rate need be made unless the
    adjustment would require an increase or decrease of at least 1%
    in the initial conversion price or conversion rate. Any
    adjustment that is not made shall be carried forward and taken
    into account in any subsequent adjustment. The foregoing
    conversion provisions may be modified to the extent set forth in
    the prospectus supplement.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Description
    of Stock Purchase Contracts and Stock Purchase Units</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy may issue Stock Purchase Contracts, representing
    contracts obligating holders to purchase from CMS Energy, and
    CMS Energy to sell to the holders, a specified number of shares
    of CMS Energy Common Stock at a future date or dates. The price
    per share of CMS Energy Common Stock may be fixed at the time
    the Stock Purchase Contracts are issued or may be determined by
    reference to a specific formula set forth in the Stock Purchase
    Contracts. The Stock Purchase Contracts may be issued separately
    or as part of Stock Purchase Units consisting of a Stock
    Purchase Contract and Senior Debt Securities, Subordinated Debt
    Securities, Trust&#160;Preferred Securities or debt obligations
    of third parties, including U.S.&#160;Treasury securities,
    securing the holders&#146; obligations to purchase the CMS
    Energy Common Stock under the Stock Purchase Contracts. The
    Stock Purchase Contracts may require CMS Energy to make periodic
    payments to the holders of the Stock Purchase Units or vice
    versa, and such payments may be unsecured or refunded on some
    basis. The Stock Purchase Contracts may require holders to
    secure their obligations thereunder in a specified manner.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The applicable prospectus supplement will describe the terms of
    any Stock Purchase Contracts or Stock Purchase Units. The
    description in the prospectus supplement will not purport to be
    complete and will be qualified in its entirety by reference to
    the Stock Purchase Contracts, and, if applicable, collateral
    arrangements and depositary arrangements, relating to such Stock
    Purchase Contracts or Stock Purchase Units.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    TRUSTS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undivided common beneficial interests in the Trust will be
    owned by CMS Energy. The net proceeds received by each of the
    Trusts from the sale of its Trust&#160;Preferred Securities or
    Common Securities will be used to purchase from CMS Energy its
    Senior Debt Securities or Subordinated Debt Securities in an
    aggregate principal amount equal to the aggregate liquidation
    preference of the Trust&#160;Securities, bearing interest at an
    annual rate equal to the annual distribution rate of such
    Trust&#160;Securities and having certain redemption terms that
    correspond to the redemption terms for the
    Trust&#160;Securities. The Senior Debt Securities of CMS Energy
    will rank on an equal basis with all other unsecured debt of CMS
    Energy except subordinated debt. The Subordinated Debt
    Securities of CMS Energy will rank subordinate in right of
    payment to all of CMS Energy&#146;s Senior Indebtedness.
    Distributions on the Trust&#160;Securities may not be made
    unless the Trust receives corresponding interest payments on
    such Senior Debt Securities or Subordinated Debt Securities from
    CMS Energy. CMS Energy will irrevocably guarantee, on a senior
    or subordinated basis, as applicable, and to the extent set
    forth therein, with respect to each of the
    Trust&#160;Securities, the payment of distributions, the
    redemption price, including all accrued or deferred and unpaid
    distributions, and payment on liquidation, but only to the
    extent of funds on hand. Each Guarantee of CMS Energy will be
    unsecured and will be either equal to or subordinate to, as
    applicable, all Senior Indebtedness of CMS Energy. Upon the
    occurrence of certain events (subject to the conditions to be
    described in an accompanying prospectus supplement), the Trust
    may be liquidated, and the holders of the Trust&#160;Securities
    could receive Senior Debt Securities or Subordinated Debt
    Securities of CMS Energy in lieu of any liquidating cash
    distribution.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the Trust&#160;Agreement, the number of CMS Energy
    Trustees will initially be three. Two of the CMS Energy Trustees
    will be persons who are employees or officers of or who are
    affiliated with CMS Energy (the <B>&#147;Administrative
    Trustees&#148;</B>). The third trustee will be a financial
    institution that is unaffiliated with CMS Energy,
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    20
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    which trustee will serve as property trustee under the
    Trust&#160;Agreement and as indenture trustee for the purposes
    of compliance with the provisions of the Trust&#160;Indenture
    Act (the <B>&#147;Property Trustee&#148;</B>). Initially, The
    Bank of New&#160;York Mellon, a New York banking corporation,
    will be the Property Trustee, until removed or replaced by the
    holder of the Common Securities. For the purpose of compliance
    with the provisions of the Trust&#160;Indenture Act, The Bank of
    New York Mellon will also act as trustee (a <B>&#147;Guarantee
    Trustee&#148;</B>). BNY Mellon Trust of Delaware will act as the
    &#147;Delaware Trustee&#148; for the purposes of the Delaware
    Statutory Trust&#160;Act, until removed or replaced by the
    holder of the Common Securities. See &#147;Effect of Obligations
    Under the CMS Energy Debt Securities and the
    Guarantees&#160;&#151; The CMS Energy Guarantees&#148; below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Property Trustee will hold title to the applicable CMS
    Energy Debt Securities for the benefit of the holders of the
    Trust&#160;Securities, and the Property Trustee will have the
    power to exercise all rights, powers and privileges under the
    applicable CMS Energy Indenture as the holder of the CMS Energy
    Debt Securities. In addition, the Property Trustee will maintain
    exclusive control of a segregated non-interest-bearing bank
    account (the <B>&#147;Property Account&#148;</B>) to hold all
    payments made in respect of the CMS Energy Debt Securities for
    the benefit of the holders of the Trust&#160;Securities. The
    Property Trustee will make payments of distributions and
    payments on liquidation, redemption and otherwise to the holders
    of the Trust&#160;Securities out of funds from the Property
    Account. The Guarantee Trustee will hold the Guarantees of CMS
    Energy for the benefit of the holders of the
    Trust&#160;Securities. CMS Energy, as the direct or indirect
    holder of all of the Common Securities, will have the right to
    appoint, remove or replace any CMS Energy Trustee and to
    increase or decrease the number of CMS Energy Trustees;
    provided, that the number of CMS Energy Trustees shall be at
    least three, a majority of which shall be Administrative
    Trustees. CMS Energy will pay all fees and expenses related to
    the Trusts and the offering of the Trust&#160;Securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The rights of the holders of the Trust&#160;Preferred
    Securities, including economic rights, rights to information and
    voting rights, are set forth in the Trust&#160;Agreement, the
    Delaware Statutory Trust&#160;Act and the Trust&#160;Indenture
    Act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The trustee in the State of Delaware is BNY Mellon Trust of
    Delaware (formerly The Bank of New York Mellon Delaware), White
    Clay Center, Route 273, Newark, Delaware 19711.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Trust&#160;Preferred
    Securities</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each Trust may issue, from time to time, Trust&#160;Preferred
    Securities having terms described in the applicable prospectus
    supplement. The Trust&#160;Agreement of each Trust will
    authorize the establishment of no more than one series of
    Trust&#160;Preferred Securities, having such terms, including
    distributions, redemption, voting, liquidation rights and such
    other preferred, deferred or other special rights or such rights
    or restrictions as shall be set forth therein or otherwise
    established by the relevant Trust&#146;s trustees. Reference is
    made to the prospectus supplement relating to the
    Trust&#160;Preferred Securities for specific terms, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the distinctive designation and the number of
    Trust&#160;Preferred Securities to be offered that will
    represent undivided beneficial interests in the assets of the
    Trust;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the annual distribution rate and the date or dates upon which
    such distributions will be paid; provided, however,
    distributions on the Trust&#160;Preferred Securities will be
    paid quarterly in arrears to holders of Trust&#160;Preferred
    Securities as of a record date on which the Trust&#160;Preferred
    Securities are outstanding;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    whether distributions on Trust&#160;Preferred Securities would
    be deferred during any deferral of interest payments on the CMS
    Energy Debt Securities; provided, however, that no such
    deferral, including extensions, if any, may exceed 20
    consecutive quarters nor extend beyond the stated maturity date
    of the CMS Energy Debt Securities, and, at the end of any such
    deferrals, CMS Energy shall make all interest payments then
    accrued or deferred and unpaid (including any compounded
    interest);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amount of any liquidation preference;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the obligation, if any, of the Trust to redeem
    Trust&#160;Preferred Securities through the exercise by CMS
    Energy of an option on the corresponding CMS Energy Debt
    Securities and the price or prices at which, the period or
    periods within which, and the terms and conditions upon which,
    Trust&#160;Preferred Securities shall be purchased or redeemed,
    in whole or in part, pursuant to such obligation;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    21
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the period or periods within which, and the terms and
    conditions, if any, including the price or prices or the rate or
    rates of conversion or exchange and the terms and conditions of
    any adjustments thereof, upon which, the Trust&#160;Preferred
    Securities shall be convertible or exchangeable at the option of
    the holder of the Trust&#160;Preferred Securities for other
    property or cash;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the voting rights, if any, of the Trust&#160;Preferred
    Securities in addition to those required by law and in the
    Trust&#160;Agreement or set forth under a Guarantee;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the additional payments, if any, that the Trust will pay as a
    distribution as necessary so that the net amounts reserved by
    the Trust and distributable to the holders of the
    Trust&#160;Preferred Securities, after all taxes, duties,
    assessments or governmental charges of whatever nature (other
    than withholding taxes) have been paid, will not be less than
    the amount that would have been reserved and distributed by the
    Trust, and the amount the holders of the Trust&#160;Preferred
    Securities would have reserved, had no such taxes, duties,
    assessments or governmental charges been imposed;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the terms and conditions, if any, upon which the CMS Energy Debt
    Securities may be distributed to holders of Trust&#160;Preferred
    Securities;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any other relative rights, powers, preferences, privileges,
    limitations or restrictions of the Trust&#160;Preferred
    Securities not inconsistent with the Trust Agreement or
    applicable law.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All Trust&#160;Preferred Securities offered hereby will be
    irrevocably guaranteed by CMS Energy, on a senior or
    subordinated basis, as applicable, and to the extent set forth
    under &#147;Effect of Obligations Under the CMS Energy Debt
    Securities and the Guarantees&#160;&#151; The CMS Energy
    Guarantees&#148; below. Any applicable federal income tax
    considerations applicable to any offering of the
    Trust&#160;Preferred Securities will be described in the
    prospectus supplement relating thereto. The aggregate number of
    Trust&#160;Preferred Securities that the Trust shall have
    authority to issue will be pursuant to the terms of the
    Trust&#160;Agreement.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Effect of
    Obligations Under the CMS Energy Debt Securities and the
    Guarantees</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As set forth in the Trust&#160;Agreement, the sole purpose of
    each Trust is to issue the Trust&#160;Securities evidencing
    undivided beneficial interests in the assets of each Trust and
    to use the proceeds from such issuance and sale to acquire
    directly the CMS Energy Debt Securities from CMS Energy.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As long as payments of interest and other payments are made when
    due on the CMS Energy Debt Securities, such payments will be
    sufficient to cover distributions and payments due on the
    Trust&#160;Securities because of the following factors:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the aggregate principal amount of CMS Energy Debt Securities
    will be equal to the sums of the aggregate stated liquidation
    amount of the Trust&#160;Securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the interest rate and the interest and other payment dates on
    the CMS Energy Debt Securities will match the distribution rate
    and distribution and other payment dates for the
    Trust&#160;Securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    CMS Energy shall pay, and the Trust shall not be obligated to
    pay, directly or indirectly, all costs, expenses, debt and
    obligations of the Trust (other than with respect to the
    Trust&#160;Securities);&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the Trust&#160;Agreement further provides that the trustees
    shall not take or cause or permit the Trust to, among other
    things, engage in any activity that is not consistent with the
    purposes of the Trust.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Payments of distributions (to the extent funds therefor are
    available) and other payments due on the Trust&#160;Preferred
    Securities (to the extent funds therefor are available) are
    guaranteed by CMS Energy as and to the extent set forth under
    &#147;The CMS Energy Guarantees&#148; below. If CMS Energy does
    not make interest payments on the CMS Energy Debt Securities
    purchased by the Trust, it is expected that the Trust will not
    have sufficient funds to pay distributions on the
    Trust&#160;Preferred Securities. The Guarantees do not apply to
    any payment of distributions unless and until the Trust has
    sufficient funds for the payment of distributions and other
    payments on the Trust&#160;Preferred Securities only if and to
    the extent that CMS Energy has made a payment of interest or
    principal on the CMS Energy Debt Securities held by the Trust as
    its sole asset. The Guarantees, when taken together with CMS
    Energy&#146;s obligations under the CMS Energy Debt Securities
    and the CMS Energy Indenture and its obligations
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    22
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    under the Trust&#160;Agreement, including its obligations to pay
    costs, expenses, debts and liabilities of the Trust (other than
    with respect to the Trust&#146;s securities), provide a full and
    unconditional guarantee of amounts on the Trust&#160;Preferred
    Securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If CMS Energy fails to make interest or other payments on the
    CMS Energy Debt Securities when due (taking account of any
    extension period), the Trust&#160;Agreement provides a mechanism
    whereby the holders of the Trust&#160;Preferred Securities may
    direct the Property Trustee to enforce its rights under the CMS
    Energy Debt Securities. If the Property Trustee fails to enforce
    its rights under the CMS Energy Debt Securities, a holder of
    Trust&#160;Preferred Securities may institute a legal proceeding
    against CMS Energy to enforce the Property Trustee&#146;s rights
    under the CMS Energy Debt Securities without first instituting
    any legal proceeding against the Property Trustee or any other
    person or entity. Notwithstanding the foregoing, if an event of
    default has occurred and is continuing under the
    Trust&#160;Agreement, and such event is attributable to the
    failure of CMS Energy to pay interest or principal on the CMS
    Energy Debt Securities on the date such interest or principal is
    otherwise payable (or in the case of redemption on the
    redemption date), then a holder of Trust&#160;Preferred
    Securities may institute legal proceedings directly against CMS
    Energy to obtain payment. If CMS Energy fails to make payments
    under the Guarantees, the Guarantees provide a mechanism whereby
    the holders of the Trust&#160;Preferred Securities may direct
    the Guarantee Trustee to enforce its rights thereunder. Any
    holder of Trust&#160;Preferred Securities may institute a legal
    proceeding directly against CMS Energy to enforce the Guarantee
    Trustee&#146;s rights under a Guarantee without first
    instituting a legal proceeding against the Trust, the Guarantee
    Trustee or any other person or entity.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    CMS Energy Guarantees</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Set forth below is a summary of information concerning the
    Guarantees that will be executed and delivered by CMS Energy for
    the benefit of the holders, from time to time, of the
    Trust&#160;Preferred Securities. Each Guarantee will be
    qualified as an indenture under the Trust&#160;Indenture Act.
    The Bank of New York Mellon, an independent trustee, will act as
    indenture trustee under the Guarantees for the purpose of
    compliance with the provisions of the Trust&#160;Indenture Act.
    This summary does not purport to be complete and is subject in
    all respects to the provisions of, and is qualified in its
    entirety by reference to, the Guarantees, which are filed as
    exhibits to the Registration Statement of which this prospectus
    forms a part.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">General</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy will irrevocably and unconditionally agree to pay in
    full, on a senior or subordinated basis, as applicable, the
    Guarantee Payments (as defined below) to the holders of the
    Trust&#160;Preferred Securities, as and when due, regardless of
    any defense, right of set-off or counterclaim that the Trust may
    have or assert other than the defense of payment. The following
    payments with respect to the Trust&#160;Preferred Securities, to
    the extent not paid by or on behalf of the Trust (the
    <B>&#147;Guarantee Payments&#148;</B>), will be subject to a
    Guarantee:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any accumulated and unpaid distributions required to be paid on
    the Trust Preferred Securities, to the extent that the Trust has
    funds on hand available therefor at such time;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the redemption price with respect to any Trust&#160;Preferred
    Securities called for redemption to the extent that the Trust
    has funds on hand available therefor;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    upon a voluntary or involuntary dissolution, winding up or
    liquidation of the Trust (unless the CMS Energy Debt Securities
    are distributed to holders of the Trust Preferred Securities),
    the lesser of (i)&#160;the aggregate of the liquidation
    preference of $50 per Trust&#160;Preferred Security plus accrued
    and unpaid distributions on the Trust Preferred Securities to
    the date of payment, to the extent that the Trust has funds on
    hand available therefor, and (ii)&#160;the amount of assets of
    the Trust remaining available for distribution to holders of
    Trust&#160;Preferred Securities.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy&#146;s obligation to make a Guarantee Payment may be
    satisfied by direct payment of the required amounts of CMS
    Energy to the holders of the Trust&#160;Preferred Securities or
    by causing the Trust to pay such amount to such holders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Such Guarantees will be irrevocable guarantees, on a senior or
    subordinated basis, as applicable, of the Trust&#146;s
    obligations under the Trust&#160;Preferred Securities, but will
    apply only to the extent that the Trust has funds sufficient
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    23
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    to make such payments, and are not guarantees of collection. If
    CMS Energy does not make interest payments on the CMS Energy
    Debt Securities held by the Trust, the Trust will not be able to
    pay distributions on the Trust&#160;Preferred Securities and
    will not have funds legally available therefor.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy has, through the Guarantees, the
    Trust&#160;Agreements, the Senior Debt Securities, the
    Subordinated Debt Securities, the CMS Energy Indentures and the
    related expense agreement, taken together, fully, irrevocably
    and unconditionally guaranteed all of the Trust&#146;s
    obligations under the Trust&#160;Preferred Securities. No single
    document standing alone or operating in conjunction with fewer
    than all of the other documents constitutes such Guarantee. It
    is only the combined operation of these documents that has the
    effect of providing a full, irrevocable and unconditional
    guarantee of the Trust&#146;s obligations under the
    Trust&#160;Preferred Securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy has also agreed separately to irrevocably and
    unconditionally guarantee the obligations of the Trust with
    respect to the Common Securities to the same extent as the
    Guarantees, except that, upon the occurrence and during the
    continuation of a Trust&#160;Agreement event of default, holders
    of Trust&#160;Preferred Securities shall have priority over
    holders of Common Securities with respect to distributions and
    payments on liquidation, redemption or otherwise.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Certain
    Covenants of CMS Energy</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy will covenant in each Guarantee that if and so long
    as:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the Trust is the holder of all the CMS Energy Debt Securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a Tax Event (as defined in the Guarantee) in respect of the
    Trust has occurred and is continuing;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    CMS Energy has elected, and has not revoked such election, to
    pay Additional Sums (as defined in the Guarantee) in respect of
    the Trust&#160;Preferred Securities and Common Securities,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy will pay to the Trust such Additional Sums.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy also covenants that if Subordinated Debt Securities
    are issued to a Trust or trustee of such Trust in connection
    with the issuance of Trust&#160;Preferred Securities by such
    Trust and, if at such time:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    there shall have occurred any event of which CMS Energy has
    actual knowledge that (i)&#160;with the giving of notice or the
    lapse of time, or both, would constitute an event of default
    under the Subordinated Debt Indenture and (ii)&#160;in respect
    of which CMS Energy shall not have taken reasonable steps to
    cure;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    CMS Energy shall be in default with respect to its payment of
    any obligations under the Guarantees;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    CMS Energy shall have given notice of its election to defer
    payments of interest on the Subordinated Debt Securities as
    provided in the Subordinated Debt Indenture and shall not have
    rescinded such notice, or such extension period, or any
    extension thereof, shall be continuing, then
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy will not, and it will cause its subsidiaries to not:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    declare or pay any dividends or distributions on, or redeem,
    purchase, acquire or make a liquidation payment with respect to,
    any of CMS Energy&#146;s capital stock;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    make any payment of principal, interest or premium, if any, on
    or repay or repurchase or redeem any debt securities (including
    guarantees of indebtedness for money borrowed) of CMS Energy
    that rank pari passu with or junior to the Subordinated Debt
    Securities;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any dividend, redemption, liquidation, interest, principal or
    guarantee payment by CMS Energy where the payment is made by way
    of securities (including capital stock) that rank pari passu
    with or junior to the securities on which such dividend,
    redemption, liquidation, interest, principal or guarantee
    payment is being made;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    payments under the Guarantees;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    24
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    purchases of CMS Energy Common Stock related to the issuance of
    CMS Energy Common Stock under any of CMS Energy&#146;s benefit
    plans for its directors, officers or employees;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    as a result of a reclassification of CMS Energy&#146;s capital
    stock or the exchange or conversion of one series or class of
    CMS Energy&#146;s capital stock for another series or class of
    CMS Energy&#146;s capital stock;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the purchase of fractional interests in shares of CMS
    Energy&#146;s capital stock pursuant to the conversion or
    exchange provisions of such capital stock or the security being
    converted or exchanged.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy also covenants:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    that for so long as Trust&#160;Preferred Securities are
    outstanding, not to convert Subordinated Debt Securities except
    pursuant to a notice of conversion delivered to the conversion
    agent by a holder of Trust&#160;Preferred Securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to maintain directly or indirectly 100% ownership of the Common
    Securities, provided that certain successors that are permitted
    pursuant to the Subordinated Debt Indenture may succeed to CMS
    Energy&#146;s ownership of the Common Securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to not voluntarily terminate,
    <FONT style="white-space: nowrap">wind-up</FONT> or
    liquidate the Trust, except (i)&#160;in connection with a
    distribution of the Subordinated Debt Securities to the holders
    of the Trust&#160;Preferred Securities in liquidation of the
    Trust or (ii)&#160;in connection with certain mergers,
    consolidations or amalgamations permitted by the declaration of
    trust or other governing instrument of such Trust;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to maintain the reservation for issuance of the number of shares
    of CMS Energy Common Stock that would be required from time to
    time upon the conversion of all of the CMS Energy Debt
    Securities then outstanding;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to use its reasonable efforts, consistent with the terms and
    provisions of the declaration of trust or other governing
    instrument of such Trust, to cause the Trust to remain
    classified as a business trust and not as an association taxable
    as a corporation for United States federal income tax
    purposes;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to deliver shares of CMS Energy Common Stock upon an election by
    the holders of the Trust&#160;Preferred Securities to convert
    such Trust&#160;Preferred Securities into CMS Energy Common
    Stock.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As part of the Guarantees, CMS Energy will agree that it will
    honor all obligations described therein relating to the
    conversion or exchange of the Trust&#160;Preferred Securities
    into or for CMS Energy Common Stock, Senior Debt Securities or
    Subordinated Debt Securities.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Amendments
    and Assignment</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except with respect to any changes that do not materially
    adversely affect the rights of holders of the
    Trust&#160;Preferred Securities (in which case no vote will be
    required), the Guarantees may not be amended without the prior
    approval of the holders of a majority in aggregate liquidation
    amount of such outstanding Trust&#160;Preferred Securities. All
    guarantees and agreements contained in the Guarantees shall bind
    the successors, assigns, receivers, trustees and representatives
    of CMS Energy and shall inure to the benefit of the holders of
    the Trust&#160;Preferred Securities then outstanding.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Termination
    of the Guarantees</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Guarantees will terminate and be of no further force and
    effect upon full payment of the redemption price of the
    Trust&#160;Preferred Securities, upon full payment of the
    amounts payable upon liquidation of the Trust, upon the
    distribution, if any, of CMS Energy Common Stock to the holders
    of Trust&#160;Preferred Securities in respect of the conversion
    of all such holders&#146; Trust&#160;Preferred Securities into
    CMS Energy Common Stock or upon distribution of the CMS Energy
    Debt Securities to the holders of the Trust&#160;Preferred
    Securities in exchange for all of the Trust&#160;Preferred
    Securities. The Guarantees will continue to be effective or will
    be reinstated, as the case may be, if at any time any holder of
    Trust&#160;Preferred Securities must restore payment of any sums
    paid under such Trust&#160;Preferred Securities or the
    Guarantees.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    25
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Events of
    Default</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    An event of default under a Guarantee will occur upon the
    failure of CMS Energy to perform any of its payment or other
    obligations thereunder. The holders of a majority in aggregate
    liquidation amount of the Trust&#160;Preferred Securities have
    the right to direct the time, method and place of conducting any
    proceeding for any remedy available to a Guarantee Trustee in
    respect of a Guarantee or to direct the exercise of any trust or
    power conferred upon a Guarantee Trustee under the Guarantees.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a Guarantee Trustee fails to enforce a Guarantee, any holder
    of the Trust&#160;Preferred Securities may institute a legal
    proceeding directly against CMS Energy to enforce its rights
    under such Guarantee without first instituting a legal
    proceeding against the Trust, the Guarantee Trustee or any other
    person or entity. In addition, any record holder of
    Trust&#160;Preferred Securities shall have the right, which is
    absolute and unconditional, to proceed directly against CMS
    Energy to obtain Guarantee Payments, without first waiting to
    determine if the Guarantee Trustee has enforced a Guarantee or
    instituting a legal proceeding against the Trust, the Guarantee
    Trustee or any other person or entity. CMS Energy has waived any
    right or remedy to require that any action be brought just
    against the Trust or any other person or entity before
    proceeding directly against CMS Energy.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy, as guarantor, is required to file annually with each
    Guarantee Trustee a certificate as to whether or not CMS Energy
    is in compliance with all the conditions and covenants
    applicable to it under the Guarantees.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Status of
    the Guarantees</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Guarantees will constitute unsecured obligations of CMS
    Energy and will rank equal to or subordinate and junior in right
    of payment to all other liabilities of CMS Energy, as
    applicable. The Guarantees will rank pari passu with or senior
    to, as applicable, any guarantee now or hereafter entered into
    by CMS Energy in respect of any preferred or preference stock of
    any affiliate of CMS Energy.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Guarantees will constitute a guarantee of payment and not of
    collection, which means that the guaranteed party may institute
    a legal proceeding directly against the guarantor to enforce its
    rights under the Guarantee without first instituting a legal
    proceeding against any other person or entity. The Guarantees
    will be held for the benefit of the holders of the
    Trust&#160;Preferred Securities. The Guarantees will not be
    discharged except by payment of the Guarantee Payments in full
    to the extent not paid by the Trust or upon distribution of the
    CMS Energy Debt Securities to the holders of the
    Trust&#160;Preferred Securities. The Guarantees do not place a
    limitation on the amount of additional indebtedness that may be
    incurred by CMS Energy or any of its subsidiaries.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CONSUMERS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Introduction</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Specific terms of Consumers&#146; debt securities (the
    <B>&#147;Consumers Offered Securities&#148;</B> or the
    <B>&#147;Consumers Debt Securities&#148;</B>), consisting of
    senior notes or first mortgage bonds, or any combination of
    these securities, for which this prospectus is being delivered,
    will be set forth in an accompanying prospectus supplement or
    supplements. The prospectus supplement will set forth with
    regard to the particular Consumers Offered Securities, without
    limitation, the designation, total principal amount,
    denomination, maturity, premium, if any, any exchange,
    conversion, redemption or sinking fund provisions, any interest
    rate (which may be fixed or variable), the time or method of
    calculating any interest payments, the right of Consumers, if
    any, to defer payment or interest thereon and the maximum length
    of such deferral, put options, if any, public offering price,
    ranking, any listing on a securities exchange and other specific
    terms of the offering.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Consumers
    Debt Securities</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Senior notes will be issued under a senior note indenture dated
    as of February&#160;1, 1998, as amended and supplemented, with
    The Bank of New York Mellon, as the senior note trustee (the
    <B>&#147;Senior Note Indenture&#148;</B>). The first mortgage
    bonds will be issued under a mortgage indenture dated as of
    September&#160;1, 1945, as amended and supplemented, with The
    Bank of New York Mellon, as the mortgage trustee (the
    <B>&#147;Mortgage Indenture&#148;</B>). The Senior Note
    Indenture and the Mortgage Indenture are sometimes referred to
    in this prospectus individually as a <B>&#147;Consumers
    Indenture&#148;</B> and collectively as the <B>&#147;Consumers
    Indentures&#148;</B>.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    26
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following briefly summarizes the material provisions of the
    Consumers Indentures that have been filed with the SEC and
    incorporated by reference in the registration statement of which
    this prospectus is a part. This summary of the Consumers
    Indentures is not complete and is qualified in its entirety by
    reference to the Consumers Indentures. You should read the more
    detailed provisions of the applicable Consumers Indenture,
    including the defined terms, for provisions that may be
    important to you. You should also read the particular terms of a
    series of Consumers Debt Securities, which will be described in
    more detail in the applicable prospectus supplement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise provided in the applicable prospectus
    supplement, the trustee under the Senior Note Indenture and the
    Mortgage Indenture will be The Bank of New York Mellon.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">General</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Consumers Indentures provide that Consumers Debt Securities
    may be issued in one or more series, with different terms, in
    each case as authorized on one or more occasions by Consumers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Federal income tax consequences and other special considerations
    applicable to any Consumers Debt Securities issued at a discount
    will be described in the applicable prospectus supplement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The applicable prospectus supplement relating to any series of
    Consumers Debt Securities will describe the following terms,
    where applicable:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the designation of such series of Consumers Debt Securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any limitations on the aggregate principal amount of any such
    series of Consumers Debt Securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the original issue date for such series and the stated maturity
    date or dates or such series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the percentage of the principal amount at which the Consumers
    Debt Securities will be sold and, if applicable, the method of
    determining the price;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the interest rate or rates, or the method of calculation of such
    rate or rates, for such series of Consumers Debt Securities and
    the date from which such interest shall accrue;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the terms, if any, regarding the optional or mandatory
    redemption of such series, including redemption date or dates,
    if any, and the price or prices applicable to such redemption;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the form of the Consumers Debt Securities of such series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the maximum annual interest rate, if any, permitted for such
    series of Consumers Debt Securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any other information required to complete the notes of such
    series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the establishment of any office or agency pursuant to the terms
    of the Consumers Indentures where the Consumers Debt Securities
    may be presented for payment; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any other specific terms of the Consumers Debt Securities.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Concerning
    the Trustees</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Bank of New York Mellon, the trustee under the Senior Note
    Indenture for the senior notes and the trustee under the
    Mortgage Indenture for the first mortgage bonds, is one of a
    number of banks with which Consumers and its subsidiaries
    maintain ordinary banking relationships, including credit
    facilities.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Exchange
    and Transfer</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Consumers Debt Securities may be presented for exchange and
    registered Consumers Debt Securities may be presented for
    registration of transfer at the office or agency maintained for
    that purpose subject to the restrictions set forth in the
    Consumers Debt Security and in the applicable prospectus
    supplement without service charge, but upon payment of any taxes
    or other governmental charges due in connection with the
    transfer, subject to any limitations contained in the applicable
    Consumers Indenture. Consumers Debt Securities in bearer form
    and the coupons appertaining thereto, if any, will be
    transferable by delivery as provided in the applicable Consumers
    Indenture.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    27
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Payment</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Payments of principal of and any interest on Consumers Debt
    Securities in registered form will be made at the office or
    agency of the applicable trustee in the Borough of Manhattan,
    The City of New York or its other designated office. However, at
    the option of Consumers, payment of any interest may be made by
    check or by wire transfer. Payment of any interest due on
    Consumers Debt Securities in registered form will be made to the
    persons in whose name the Consumers Debt Securities are
    registered at the close of business on the record date for such
    interest payments. Payments to be made in any other manner will
    be specified in the applicable prospectus supplement.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Governing
    Law</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each Consumers Indenture and the Consumers Debt Securities will
    be governed by, and construed in accordance with, the laws of
    the State of Michigan unless the laws of another jurisdiction
    shall mandatorily apply.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Senior
    Notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">General</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The senior notes will be issued under the Senior Note Indenture.
    The following summary of the terms of the senior notes does not
    purport to be complete and is qualified in its entirety by
    express reference to the Senior Note Indenture, which is
    incorporated by reference herein. They make use of defined terms
    and are qualified in their entirety by express reference to the
    cited sections and articles of the Senior Note Indenture.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Security;
    Release Date</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Until the Release Date (as described in the next paragraph), the
    senior notes will be secured by one or more series of
    Consumers&#146; first mortgage bonds issued and delivered by
    Consumers to the senior note trustee. See &#147;First Mortgage
    Bonds&#148; below. Upon the issuance of a series of senior notes
    prior to the Release Date, Consumers will simultaneously issue
    and deliver to the senior note trustee, as security for all
    senior notes, a series of first mortgage bonds that will have
    the same stated maturity date and corresponding redemption
    provisions, and will be in the same total principal amount as
    the series of the senior notes being issued. Any series of first
    mortgage bonds securing senior notes may, but need not, bear
    interest. Any payment by Consumers to the senior note trustee of
    principal of, and interest
    <FONT style="white-space: nowrap">and/or</FONT>
    premium, if any, on, a series of first mortgage bonds will be
    applied by the senior note trustee to satisfy Consumers&#146;
    obligations with respect to principal of, and interest
    <FONT style="white-space: nowrap">and/or</FONT>
    premium, if any, on, the corresponding senior notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The <B>&#147;Release Date&#148;</B> will be the date that all
    first mortgage bonds of Consumers issued and outstanding under
    the Mortgage Indenture, other than first mortgage bonds securing
    senior notes, have been retired (at, before or after their
    maturity) through payment, redemption or otherwise. On the
    Release Date, the senior note trustee will deliver to Consumers,
    for cancellation, all first mortgage bonds securing senior
    notes. Not later than 30&#160;days thereafter, the senior note
    trustee will provide notice to all holders of senior notes of
    the occurrence of the Release Date. As a result, on the Release
    Date, the first mortgage bonds securing senior notes will cease
    to secure the senior notes. The senior notes will then become
    unsecured general obligations of Consumers and will rank equally
    with other unsecured indebtedness of Consumers. Each series of
    first mortgage bonds that secures senior notes will be secured
    by a lien on certain property owned by Consumers. See
    &#147;First Mortgage Bonds&#160;&#151; Priority and
    Security&#148; below. Upon the payment or cancellation of any
    outstanding senior notes, the senior note trustee will surrender
    to Consumers for cancellation an equal principal amount of the
    related series of first mortgage bonds. Consumers will not
    permit, at any time prior to the Release Date, the total
    principal amount of first mortgage bonds securing senior notes
    held by the senior note trustee to be less than the total
    principal amount of senior notes outstanding. Following the
    Release Date, Consumers will cause the Mortgage Indenture to be
    discharged and will not issue any additional first mortgage
    bonds under the Mortgage Indenture. While Consumers will be
    precluded after the Release Date from issuing additional first
    mortgage bonds, it will not be precluded under the Senior Note
    Indenture or senior notes from issuing or assuming other secured
    debt, or incurring liens on its property, except to the extent
    indicated under &#147;&#151;&#160;Certain Covenants of
    Consumers&#160;&#151; Limitation on Liens&#148; below.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    28
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Events
    of Default</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following constitute events of default under senior notes of
    any series:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    failure to pay principal of and premium, if any, on any senior
    note of such series when due;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    failure to pay interest on any senior note of such series when
    due for 60&#160;days;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    failure to perform any other covenant or agreement of Consumers
    in the senior notes of such series for 90&#160;days after
    written notice to Consumers by the senior note trustee or the
    holders of at least 33% in total principal amount of the
    outstanding senior notes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    prior to the Release Date, a default under the Mortgage
    Indenture has occurred and is continuing; provided, however,
    that the waiver or cure of such default and the rescission and
    annulment of the consequences under the Mortgage Indenture will
    be a waiver of the corresponding event of default under the
    Senior Note Indenture and a rescission and annulment of the
    consequences under the Senior Note Indenture;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    certain events of bankruptcy, insolvency, reorganization,
    assignment or receivership of Consumers.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If an event of default occurs and is continuing, either the
    senior note trustee or the holders of a majority in total
    principal amount of the outstanding senior notes may declare the
    principal amount of all senior notes to be due and payable
    immediately.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The senior note trustee generally will be under no obligation to
    exercise any of its rights or powers under the Senior Note
    Indenture at the request or direction of any of the holders of
    senior notes of such series unless those holders have offered to
    the senior note trustee reasonable security or indemnity.
    Subject to the provisions for indemnity and certain other
    limitations contained in the Senior Note Indenture, the holders
    of a majority in principal amount of the outstanding senior
    notes of such series generally will have the right to direct the
    time, method and place of conducting any proceeding for any
    remedy available to the senior note trustee or of exercising any
    trust or power conferred on the senior note trustee. The holders
    of a majority in principal amount of the outstanding senior
    notes of such series generally will have the right to waive any
    past default or event of default (other than a payment default)
    on behalf of all holders of senior notes of such series.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No holder of senior notes of a series may institute any action
    against Consumers under the Senior Note Indenture unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    that holder gives to the senior note trustee advance written
    notice of default and its continuance;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the holders of a majority in total principal amount of senior
    notes of such series then outstanding affected by that event of
    default request the senior note trustee to institute such action;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    that holder has offered the senior note trustee reasonable
    indemnity;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the senior note trustee shall not have instituted such action
    within 60&#160;days of such request.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Furthermore, no holder of senior notes will be entitled to
    institute any such action if and to the extent that such action
    would disturb or prejudice the rights of other holders of senior
    notes of such series.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Within 90&#160;days after the occurrence of a default with
    respect to the senior notes of a series, the senior note trustee
    must give the holders of the senior notes of such series notice
    of any such default known to the senior note trustee, unless
    cured or waived. The senior note trustee may withhold such
    notice if it determines in good faith that it is in the interest
    of such holders to do so except in the case of default in the
    payment of principal of, and interest
    <FONT style="white-space: nowrap">and/or</FONT>
    premium, if any, on, any senior notes of such series. Consumers
    is required to deliver to the senior note trustee each year a
    certificate as to whether or not, to the knowledge of the
    officers signing such certificate, Consumers is in compliance
    with the conditions and covenants under the Senior Note
    Indenture.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Modification</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as described below, Consumers and the senior note trustee
    cannot modify and amend the Senior Note Indenture without the
    consent of the holders of a majority in principal amount of the
    outstanding affected senior
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    29
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    notes. Consumers and the senior note trustee cannot modify and
    amend the Senior Note Indenture without the consent of the
    holder of each outstanding senior note of such series to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change the maturity date of any senior note of such series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    reduce the rate (or change the method of calculation thereof) or
    extend the time of payment of interest on any senior note of
    such series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    reduce the principal amount of, or premium payable on, any
    senior note of such series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change the coin or currency of any payment of principal of, and
    interest
    <FONT style="white-space: nowrap">and/or</FONT>
    premium on, any senior note of such series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change the date on which any senior note of such series may be
    redeemed or repaid at the option of its holder or adversely
    affect the rights of a holder to institute suit for the
    enforcement of any payment on or with respect to any senior note
    of such series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    impair the interest of the senior note trustee in the first
    mortgage bonds securing the senior notes of such series held by
    it or, prior to the Release Date, reduce the principal amount of
    any series of first mortgage bonds securing the senior notes of
    such series to an amount less than the principal amount of the
    related series of senior notes or alter the payment provisions
    of such first mortgage bonds in a manner adverse to the holders
    of the senior notes;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    modify the senior notes of such series necessary to modify or
    amend the Senior Note Indenture or to waive any past default to
    less than a majority.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Consumers and the senior note trustee can modify and amend the
    Senior Note Indenture without the consent of the holders in
    certain cases, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to add to the covenants of Consumers for the benefit of the
    holders or to surrender a right conferred on Consumers in the
    Senior Note Indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to add further security for the senior notes of such series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to add provisions enabling Consumers to be released with respect
    to one or more series of outstanding senior notes from its
    obligations under the covenants upon satisfaction of conditions
    with respect to such series of senior notes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to supply omissions, cure ambiguities or correct defects, which
    actions, in each case, are not prejudicial to the interests of
    the holders in any material respect;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to make any other change that is not prejudicial to the holders
    of senior notes of such series in any material respect.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A supplemental indenture that changes or eliminates any covenant
    or other provision of the Senior Note Indenture (or any
    supplemental indenture) that has expressly been included solely
    for the benefit of one or more series of senior notes, or that
    modifies the rights of the holders of senior notes of such
    series with respect to such covenant or provision, will be
    deemed not to affect the rights under the Senior Note Indenture
    of the holders of senior notes of any other series.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Defeasance
    and Discharge</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Senior Note Indenture provides that Consumers will be
    discharged from any and all obligations in respect to the senior
    notes of such series and the Senior Note Indenture (except for
    certain obligations such as obligations to register the transfer
    or exchange of senior notes, replace stolen, lost or mutilated
    senior notes and maintain paying agencies) if, among other
    things, Consumers irrevocably deposits with the senior note
    trustee, in trust for the benefit of holders of senior notes of
    such series, money or certain United States government
    obligations, or any combination of money and government
    obligations. The payment of interest and principal on the
    deposits in accordance with their terms must provide money in an
    amount sufficient, without reinvestment, to make all payments of
    principal of, and any premium and interest on, the senior notes
    on the dates such payments are due in
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    30
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    accordance with the terms of the Senior Note Indenture and the
    senior notes of such series. If all of the senior notes of such
    series are not due within 90&#160;days of such deposit by
    redemption or otherwise, Consumers must also deliver to the
    senior note trustee an opinion of counsel to the effect that the
    holders of the senior notes of such series will not recognize
    income, gain or loss for federal income tax purposes as a result
    of that defeasance or discharge of the Senior Note Indenture.
    Thereafter, the holders of senior notes must look only to the
    deposit for payment of the principal of, and interest and any
    premium on, the senior notes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Consolidation,
    Merger and Sale or Disposition of Assets</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Consumers may consolidate with or merge into another
    corporation, or sell or otherwise dispose of its properties as
    or substantially as an entirety, if:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the new corporation is a corporation organized and existing
    under the laws of the United States of America, any state
    thereof or the District of Columbia;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the new corporation assumes the due and punctual payment of the
    principal of and premium and interest on all the senior notes
    and the performance of every covenant of the Senior Note
    Indenture to be performed or observed by Consumers;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    prior to the Release Date, the new corporation assumes
    Consumers&#146; obligations under the Mortgage Indenture with
    respect to first mortgage bonds securing senior notes.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The conveyance or other transfer by Consumers of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    all or any portion of its facilities for the generation of
    electric energy;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    all of its facilities for the transmission of electric
    energy;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    all of its facilities for the distribution of natural gas;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in each case considered alone or in any combination with
    properties described in such bullet points, will not be
    considered a conveyance or other transfer of all the properties
    of Consumers as or substantially as an entirety.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Certain
    Covenants of Consumers</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Limitation
    on Liens</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    So long as any senior notes are outstanding, Consumers may not
    issue, assume, guarantee or permit to exist after the Release
    Date any debt that is secured by any mortgage, security
    interest, pledge or lien (each, a <B>&#147;Lien&#148;</B>) of or
    upon any operating property of Consumers, whether owned at the
    date of the Senior Note Indenture or thereafter acquired,
    without in any such case effectively securing the senior notes
    (together with, if Consumers shall so determine, any other
    indebtedness of Consumers ranking equally with the senior notes)
    equally and ratably with such debt (but only so long as such
    debt is so secured). The foregoing restriction will not apply to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Liens on any operating property existing at the time of its
    acquisition (which Liens may also extend to subsequent repairs,
    alterations and improvements to such operating property);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Liens on operating property of a corporation existing at the
    time such corporation is merged into or consolidated with, or
    such corporation disposes of its properties (or those of a
    division) as or substantially as an entirety to, Consumers;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Liens on operating property to secure the cost of acquisition,
    construction, development or substantial repair, alteration or
    improvement of property or to secure indebtedness incurred to
    provide funds for any such purpose or for reimbursement of funds
    previously expended for any such purpose, provided such Liens
    are created or assumed contemporaneously with, or within
    18&#160;months after, such acquisition or the completion of
    substantial repair or alteration, construction, development or
    substantial improvement;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Liens in favor of any state or any department, agency or
    instrumentality or political subdivision of any state, or for
    the benefit of holders of securities issued by any such entity
    (or providers of credit enhancement with respect to such
    securities), to secure any debt (including, without limitation,
    obligations of Consumers with
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    31
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="2%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    respect to industrial development, pollution control or similar
    revenue bonds) incurred for the purpose of financing all or any
    part of the purchase price or the cost of substantially
    repairing or altering, constructing, developing or substantially
    improving operating property of Consumers;&#160;or
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any extension, renewal or replacement (or successive extensions,
    renewals or replacements), in whole or in part, of any Lien
    referred to in the first four bullet points above; provided,
    however, that the principal amount of debt secured thereby and
    not otherwise authorized by the first four bullet points above,
    inclusive, shall not exceed the principal amount of debt, plus
    any premium or fee payable in connection with any such
    extension, renewal or replacement, so secured at the time of
    such extension, renewal or replacement.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    These restrictions will not apply to the issuance, assumption or
    guarantee by Consumers of debt secured by a Lien that would
    otherwise be subject to the foregoing restrictions up to a total
    amount that, together with all other secured debt of Consumers
    (not including secured debt permitted under any of the foregoing
    exceptions) and the value of sale and lease-back transactions
    existing at such time (other than sale and lease-back
    transactions the proceeds of which have been applied to the
    retirement of certain indebtedness, sale and lease-back
    transactions in which the property involved would have been
    permitted to be subjected to a Lien under any of the bullet
    points above and sale and lease-back transactions that are
    permitted by the first sentence of &#147;Limitation on Sale and
    Leaseback Transactions&#148; below), does not exceed the greater
    of 15% of net tangible assets or 15% of capitalization.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Limitation
    on Sale and Leaseback Transactions</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    So long as senior notes are outstanding, Consumers may not enter
    into or permit to exist after the Release Date any sale and
    lease-back transaction with respect to any operating property
    (except for transactions involving leases for a term, including
    renewals, of not more than 48&#160;months), if the
    purchaser&#146;s commitment is obtained more than 18&#160;months
    after the later of the completion of the acquisition,
    construction or development of such operating property or the
    placing in operation of such operating property or of such
    operating property as constructed or developed or substantially
    repaired, altered or improved. This restriction will not apply
    if:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Consumers would be entitled under any of the provisions
    described in the bullet points set forth under &#147;Limitation
    on Liens&#148; above to issue, assume, guarantee or permit to
    exist debt secured by a Lien on such operating property without
    equally and ratably securing the senior notes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    after giving effect to such sale and lease-back transaction,
    Consumers could incur, pursuant to the provisions described in
    the second paragraph under &#147;Limitation on Liens&#148;
    above, at least $1.00 of additional debt secured by Liens (other
    than Liens permitted by the preceding bullet point);&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Consumers applies within 180&#160;days an amount equal to, in
    the case of a sale or transfer for cash, the net proceeds (not
    exceeding the net book value) thereof, and, otherwise, an amount
    equal to the fair value (as determined by its board of
    directors) of the operating property so leased to the retirement
    of senior notes or other debt of Consumers ranking equally with,
    the senior notes, subject to reduction for senior notes and such
    debt retired during such
    <FONT style="white-space: nowrap">180-day</FONT>
    period otherwise than pursuant to mandatory sinking fund or
    prepayment provisions and payments at stated maturity.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Voting
    of Senior Note Mortgage Bonds Held by the Senior Note
    Trustee</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The senior note trustee, as the holder of first mortgage bonds
    securing senior notes, will attend any meeting of bondholders
    under the Mortgage Indenture, or, at its option, will deliver
    its proxy in connection therewith as it relates to matters with
    respect to which it is entitled to vote or consent. So long as
    no event of default under the Senior Note Indenture has occurred
    and is continuing, the senior note trustee will vote or consent:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    in favor of amendments or modifications of the Mortgage
    Indenture of substantially the same tenor and effect as follows:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="2%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to eliminate the maintenance and replacement fund and to recover
    amounts of net property additions previously applied in
    satisfaction thereof so that the same would become available as
    a basis for the issuance of first mortgage bonds;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    32
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="2%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to eliminate sinking funds or improvement funds and to recover
    amounts of net property additions previously applied in
    satisfaction thereof so that the same would become available as
    a basis for the issuance of first mortgage bonds;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to eliminate the restriction on the payment of dividends on
    common stock and to eliminate the requirements in connection
    with the periodic examination of the mortgaged and pledged
    property by an independent engineer;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to permit first mortgage bonds to be issued under the Mortgage
    Indenture in a principal amount equal to 70% of unfunded net
    property additions instead of 60%, to permit sinking funds or
    improvement funds requirements (to the extent not otherwise
    eliminated) under the Mortgage Indenture to be satisfied by the
    application of net property additions in an amount equal to 70%
    of such additions instead of 60%, and to permit the acquisition
    of property subject to certain liens prior to the lien of the
    Mortgage Indenture if the principal amount of indebtedness
    secured by such liens does not exceed 70% of the cost of such
    property instead of 60%;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to eliminate requirements that Consumers deliver a net earnings
    certificate for any purpose under the Mortgage Indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to raise the minimum dollar amount of insurance proceeds on
    account of loss or damage that must be payable to the senior
    note trustee from $50,000 to an amount equal to the greater of
    (i)&#160;$5,000,000 and (ii)&#160;3% of the total principal
    amount of first mortgage bonds outstanding;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to increase the amount of the fair value of property that may be
    sold or disposed of free from the lien of the Mortgage
    Indenture, without any release or consent by the senior note
    trustee, from not more than $25,000 in any calendar year to not
    more than an amount equal to the greater of (i)&#160;$5,000,000
    and (ii)&#160;3% of the total principal amount of first mortgage
    bonds then outstanding;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to permit certain mortgaged and pledged property to be released
    from the lien of the Mortgage Indenture if, in addition to
    certain other conditions, the senior note trustee receives
    purchase money obligations of not more than 70% of the fair
    value of such property instead of 60% and to eliminate the
    further requirement for the release of such property that the
    total principal amount of purchase money obligations held by the
    senior note trustee not exceed 20% of the principal amount of
    first mortgage bonds outstanding;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to eliminate the restriction prohibiting the mortgage trustee
    from applying cash held by it pursuant to the Mortgage Indenture
    to the purchase of bonds not otherwise redeemable at a price
    exceeding 110% of the principal of such bonds, plus accrued
    interest;&#160;and
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    with respect to any other amendments or modifications of the
    Mortgage Indenture, as follows: the senior note trustee shall
    vote all first mortgage bonds securing senior notes then held by
    it, or consent with respect thereto, proportionately with the
    vote or consent of the holders of all other first mortgage bonds
    outstanding under the Mortgage Indenture, the holders of which
    are eligible to vote or consent; however, the senior note
    trustee will not vote in favor of, or consent to, any amendment
    or modification of the Mortgage Indenture that, if it were an
    amendment or modification of the Senior Note Indenture, would
    require the consent of holders of senior notes (as described
    under &#147;Modification&#148; above) without the prior consent
    of holders of senior notes that would be required for such an
    amendment or modification of the Senior Note Indenture.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Concerning
    the Senior Note Trustee</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Bank of New York Mellon is both the senior note trustee
    under the Senior Note Indenture and the mortgage trustee under
    the Mortgage Indenture. The Senior Note Indenture provides that
    Consumers&#146; obligations to compensate the senior note
    trustee and reimburse the senior note trustee for expenses,
    disbursements and advances will constitute indebtedness that
    will be secured by a lien generally prior to that of the senior
    notes upon all property and funds held or collected by the
    senior note trustee as such.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    33
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">First
    Mortgage Bonds</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">General</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The first mortgage bonds issued either alone or securing senior
    notes will be issued under the Mortgage Indenture. The following
    summary of the terms of the first mortgage bonds does not
    purport to be complete and is qualified in its entirety by all
    of the provisions of the Mortgage Indenture, which is
    incorporated by reference herein. They make use of defined terms
    and are qualified in their entirety by express reference to the
    cited sections and articles of the Mortgage Indenture, a copy of
    which will be available upon request to the mortgage trustee
    (or, in the case of first mortgage bonds being issued to secure
    senior notes, the request should be made to the senior note
    trustee).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    First mortgage bonds securing senior notes are to be issued
    under the Mortgage Indenture as security for Consumers&#146;
    obligations under the Senior Note Indenture and will be
    immediately delivered to and registered in the name of the
    senior note trustee. The first mortgage bonds securing senior
    notes will be issued as security for senior notes of a series
    and will secure the senior notes of that series until the
    Release Date. The Senior Note Indenture provides that the senior
    note trustee shall not transfer any first mortgage bonds
    securing senior notes except to a successor trustee, to
    Consumers (as provided in the Senior Note Indenture) or in
    compliance with a court order in connection with a bankruptcy or
    reorganization proceeding of Consumers. The senior note trustee
    shall generally vote the first mortgage bonds securing senior
    notes proportionately with what it believes to be the vote of
    all other first mortgage bonds then outstanding except in
    connection with certain amendments or modifications of the
    Mortgage Indenture, as described under &#147;Senior
    Notes&#160;&#151; Voting of Senior Note Mortgage Bonds Held by
    the Senior Note Trustee&#148; above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    First mortgage bonds securing senior notes will correspond to
    the senior notes of the related series in respect of principal
    amount, interest rate, maturity date and redemption provisions.
    Upon payment of the principal or premium, if any, or interest on
    senior notes of a series, the related first mortgage bonds in a
    principal amount equal to the principal amount of such senior
    notes will, to the extent of such payment of principal, premium
    or interest, be deemed fully paid and the obligation of
    Consumers to make such payment shall be discharged.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Priority
    and Security</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The first mortgage bonds issued either alone or securing senior
    notes of any series will rank equally as to security with bonds
    of other series now outstanding or issued later under the
    Mortgage Indenture. This security is a direct first lien on
    substantially all of Consumers&#146; property and franchises
    (other than certain property expressly excluded from the lien
    (such as cash, bonds, stock and certain other securities,
    contracts, accounts and bills receivables, judgments and other
    evidences of indebtedness, stock in trade, materials or supplies
    manufactured or acquired for the purpose of sale
    <FONT style="white-space: nowrap">and/or</FONT>
    resale in the usual course of business or consumable in the
    operation of any of the properties of Consumers, natural gas,
    oil and minerals, motor vehicles and certain real property
    listed in Schedule&#160;A to the Mortgage Indenture)). This lien
    is subject to excepted encumbrances (and certain other
    limitations) as defined and described in the Mortgage Indenture.
    It is also subject to certain provisions of Michigan law that
    provide that, under certain circumstances, the State of
    Michigan&#146;s lien against property on which it has incurred
    costs related to any response activity that is subordinate to
    prior recorded liens can become superior to such prior liens
    pursuant to court order. The Mortgage Indenture permits, with
    certain limitations, the acquisition of property subject to
    prior liens and, under certain conditions, permits the issuance
    of additional indebtedness under such prior liens to the extent
    of 60% of net property additions made by Consumers to the
    property subject to such prior liens.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Release
    and Substitution of Property</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Mortgage Indenture provides that, subject to various
    limitations, property may be released from the lien thereof when
    sold or exchanged, or contracted to be sold or exchanged, upon
    the basis of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    cash deposited with the mortgage trustee;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    bonds or purchase money obligations delivered to the mortgage
    trustee;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    34
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    prior lien bonds delivered to the mortgage trustee or reduced or
    assumed by the purchaser;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    property additions acquired in exchange for the property
    released;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a showing that unfunded net property additions exist.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Mortgage Indenture also permits the withdrawal of cash upon
    a showing that unfunded net property additions exist or against
    the deposit of bonds or the application thereof to the
    retirement of bonds.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Modification
    of Mortgage Indenture</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Mortgage Indenture, the rights and obligations of Consumers
    and the rights of the first mortgage bondholders may be modified
    through a supplemental indenture by Consumers with the consent
    of the holders of 75% in principal amount of the first mortgage
    bonds and of not less than 60% of the principal amount of each
    series affected. In general, however, no modification of the
    terms of payment of principal or interest and no modification
    affecting the lien or reducing the percentage required for
    modification is effective against any first mortgage bondholder
    without the first mortgage bondholder&#146;s consent. Consumers
    has reserved the right without any consent or other action by
    the holders of bonds of any series created after
    September&#160;15, 1993 or by the holder of any senior note or
    exchange note to amend the Mortgage Indenture in order to
    substitute a majority in principal amount of first mortgage
    bonds outstanding under the Mortgage Indenture for the 75%
    requirement set forth above (and then only in respect of such
    series of outstanding first mortgage bonds as shall be affected
    by the proposed action) and to eliminate the requirement for a
    <FONT style="white-space: nowrap">series-by-series</FONT>
    consent requirement.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Concerning
    the Mortgage Trustee</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Bank of New York Mellon is both the mortgage trustee under
    the Mortgage Indenture and the senior note trustee under the
    Senior Note Indenture. The Mortgage Indenture provides that
    Consumers&#146; obligations to compensate the mortgage trustee
    and reimburse the mortgage trustee for expenses, disbursements
    and advances will constitute indebtedness that will be secured
    by a lien generally prior to that of the first mortgage bonds
    securing senior notes upon all property and funds held or
    collected by the mortgage trustee as such.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The mortgage trustee or the holders of 20% in total principal
    amount of the first mortgage bonds may declare the principal due
    on default, but the holders of a majority in total principal
    amount may annul such declaration and waive the default if the
    default has been cured. Subject to certain limitations, the
    holders of a majority in total principal amount may generally
    direct the time, method and place of conducting any proceeding
    for the enforcement of the Mortgage Indenture. No first mortgage
    bondholder has the right to institute any proceedings relating
    to the Mortgage Indenture unless that holder shall have given
    the mortgage trustee written notice of a default, the holders of
    20% of outstanding first mortgage bonds shall have tendered to
    the mortgage trustee reasonable security or indemnity against
    costs, expenses and liabilities and requested the mortgage
    trustee in writing to take action, the mortgage trustee shall
    have declined to take action or failed to do so within
    60&#160;days and no inconsistent directions shall have been
    given by the holders of a majority in total principal amount of
    the first mortgage bonds.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Defaults</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Mortgage Indenture defines the following as defaults:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    failure to pay principal when due;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    failure to pay interest for 60&#160;days;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    failure to pay any installment of any sinking or other purchase
    fund for 90&#160;days;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    certain events in bankruptcy, insolvency or
    reorganization;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    failure to perform any other covenant for 90&#160;days following
    written demand by the mortgage trustee for Consumers to cure
    such failure.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    35
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Consumers has covenanted to pay interest on any overdue
    principal and (to the extent permitted by law) on overdue
    installments of interest, if any, on the bonds under the
    Mortgage Indenture at the rate of 6% per year. The Mortgage
    Indenture does not contain a provision requiring any periodic
    evidence to be furnished as to the absence of default or as to
    compliance with the terms thereof. However, Consumers is
    required by law to furnish annually to the trustee a certificate
    as to compliance with all conditions and covenants under the
    Mortgage Indenture.
</DIV>
<A name='110'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">BOOK-ENTRY
    SYSTEM</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless indicated otherwise in the applicable prospectus
    supplement, The Depository Trust&#160;Company
    <B>(&#147;DTC&#148;)</B>, New York, New York, will act as
    securities depository for the CMS Energy Offered Securities, the
    Trust&#160;Preferred Securities and the Consumers Offered
    Securities (collectively, the <B>&#147;Offered
    Securities&#148;)</B>. The Offered Securities will be issued as
    fully-registered securities registered in the name of
    Cede&#160;&#038; Co. (DTC&#146;s partnership nominee) or such
    other name as may be requested by an authorized representative
    of DTC. One fully-registered Offered Security certificate will
    be issued for each issue of the Offered Securities, each in the
    aggregate principal amount of such issue, and will be deposited
    with DTC. If, however, the aggregate principal amount of any
    issue exceeds $500&#160;million, one certificate will be issued
    with respect to each $500&#160;million of principal amount, and
    an additional certificate will be issued with respect to any
    remaining principal amount of such issue.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    DTC is a limited-purpose trust company organized under the New
    York Banking Law, a &#147;banking organization&#148; within the
    meaning of the New York Banking Law, a member of the Federal
    Reserve System, a &#147;clearing corporation&#148; within the
    meaning of the New York Uniform Commercial Code and a
    &#147;clearing agency&#148; registered pursuant to the
    provisions of Section&#160;17A of the Exchange Act. DTC holds
    and provides asset servicing for securities that DTC&#146;s
    participants <B>(&#147;Direct Participants&#148;)</B> deposit
    with DTC. DTC also facilitates the post-trade settlement among
    Direct Participants of sales and other securities transactions
    in deposited securities, through electronic computerized
    book-entry transfers and pledges between Direct
    Participants&#146; accounts. This eliminates the need for
    physical movement of securities certificates. Direct
    Participants include both U.S.&#160;and
    <FONT style="white-space: nowrap">non-U.S.&#160;securities</FONT>
    brokers and dealers, banks, trust companies, clearing
    corporations and certain other organizations. DTC is a
    wholly-owned subsidiary of The Depository Trust&#160;&#038;
    Clearing Corporation <B>(&#147;DTCC&#148;)</B>. DTCC is the
    holding company for DTC, National Securities Clearing
    Corporation and Fixed Income Clearing Corporation, all of which
    are registered clearing agencies. DTCC is owned by the users of
    its regulated subsidiaries. Access to the DTC system is also
    available to others such as both U.S.&#160;and
    <FONT style="white-space: nowrap">non-U.S.&#160;securities</FONT>
    brokers and dealers, banks, trust companies and clearing
    corporations that clear through or maintain a custodial
    relationship with a Direct Participant, either directly or
    indirectly <B>(&#147;Indirect Participants&#148;)</B>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Purchases of Offered Securities under the DTC system must be
    made by or through Direct Participants, which will receive a
    credit for the Offered Securities on DTC&#146;s records. The
    ownership interest of each actual purchaser of each Offered
    Security <B>(&#147;Beneficial Owner&#148;)</B> is in turn to be
    recorded on the Direct Participants&#146; and Indirect
    Participants&#146; records. Beneficial Owners will not receive
    written confirmation from DTC of their purchase. Beneficial
    Owners are, however, expected to receive written confirmations
    providing details of the transaction, as well as periodic
    statements of their holdings, from the Direct Participant or
    Indirect Participant through which the Beneficial Owner entered
    into the transaction. Transfers of ownership interests in the
    Offered Securities are to be accomplished by entries made on the
    books of Direct Participants and Indirect Participants acting on
    behalf of Beneficial Owners. Beneficial Owners will not receive
    certificates representing their ownership interests in Offered
    Securities, except in the event that use of the book-entry
    system for the Offered Securities is discontinued.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To facilitate subsequent transfers, all Offered Securities
    deposited by Direct Participants with DTC are registered in the
    name of DTC&#146;s partnership nominee, Cede&#160;&#038; Co., or
    such other name as may be requested by an authorized
    representative of DTC. The deposit of Offered Securities with
    DTC and their registration in the name of Cede&#160;&#038; Co.
    or such other DTC nominee do not effect any change in beneficial
    ownership. DTC has no knowledge of the actual Beneficial Owners
    of the Offered Securities; DTC&#146;s records reflect only the
    identity of the Direct Participants to whose accounts such
    Offered Securities are credited, which may or may not be the
    Beneficial Owners. The Direct Participants and Indirect
    Participants will remain responsible for keeping account of
    their holdings on behalf of their customers.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    36
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Conveyance of notices and other communications by DTC to Direct
    Participants, by Direct Participants to Indirect Participants
    and by Direct Participants and Indirect Participants to
    Beneficial Owners will be governed by arrangements among them,
    subject to any statutory or regulatory requirements as may be in
    effect from time to time. Beneficial Owners of Offered
    Securities may wish to take certain steps to augment the
    transmission to them of notices of significant events with
    respect to the Offered Securities, such as redemptions, tenders,
    defaults and proposed amendments to the Offered Security
    documents. For example, Beneficial Owners of Offered Securities
    may wish to ascertain that the nominee holding the Offered
    Securities for their benefit has agreed to obtain and transmit
    notices to Beneficial Owners.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Redemption notices shall be sent to DTC. If less than all of the
    Offered Securities within an issue are being redeemed,
    DTC&#146;s practice is to determine by lot the amount of the
    interest of each Direct Participant in such issue to be redeemed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Neither DTC nor Cede&#160;&#038; Co. (nor any other DTC nominee)
    will consent or vote with respect to Offered Securities unless
    authorized by a Direct Participant in accordance with DTC&#146;s
    MMI Procedures. Under its usual procedures, DTC mails an Omnibus
    Proxy to the applicable Registrant as soon as possible after the
    record date. The Omnibus Proxy assigns Cede&#160;&#038;
    Co.&#146;s consenting or voting rights to those Direct
    Participants to whose accounts Offered Securities are credited
    on the record date (identified in a listing attached to the
    Omnibus Proxy).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Redemption proceeds, distributions and dividend payments on the
    Offered Securities will be made to Cede&#160;&#038; Co., or such
    other nominee as may be requested by an authorized
    representative of DTC. DTC&#146;s practice is to credit Direct
    Participants&#146; accounts upon DTC&#146;s receipt of funds and
    corresponding detail information from the applicable Registrant
    or the agent, on payable date in accordance with their
    respective holdings shown on DTC&#146;s records. Payments by
    participants to Beneficial Owners will be governed by standing
    instructions and customary practices, as is the case with
    securities held for the accounts of customers in bearer form or
    registered in &#147;street name&#148;, and will be the
    responsibility of such participant and not of DTC, the agent or
    the applicable Registrant, subject to any statutory or
    regulatory requirements as may be in effect from time to time.
    Payment of redemption proceeds, distributions and dividend
    payments to Cede&#160;&#038; Co. (or such other nominee as may
    be requested by an authorized representative of DTC) is the
    responsibility of the applicable Registrant or the agent,
    disbursement of such payments to Direct Participants will be the
    responsibility of DTC, and disbursement of such payments to the
    Beneficial Owners will be the responsibility of Direct
    Participants and Indirect Participants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A Beneficial Owner shall give notice to elect to have its
    Offered Securities purchased or tendered, through its
    participant, to the tender or remarketing agent, and shall
    effect delivery of such Offered Securities by causing the Direct
    Participant to transfer the such participant&#146;s interest in
    the Offered Securities, on DTC&#146;s records, to such agent.
    The requirement for physical delivery of Offered Securities in
    connection with an optional tender or a mandatory purchase will
    be deemed satisfied when the ownership rights in the Offered
    Securities are transferred by Direct Participants on DTC&#146;s
    records and followed by a book-entry credit of tendered Offered
    Securities to such agent&#146;s DTC account.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    DTC may discontinue providing its services as depository with
    respect to the Offered Securities at any time by giving
    reasonable notice to the applicable Registrant or the agent.
    Under such circumstances, in the event that a successor
    depository is not obtained, Offered Security certificates are
    required to be printed and delivered.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The applicable Registrant may decide to discontinue use of the
    system of book-entry-only transfers through DTC (or a successor
    securities depository). In that event, Offered Security
    certificates will be printed and delivered to DTC.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The information in this section concerning DTC and DTC&#146;s
    book-entry system has been obtained from sources that each
    Registrant believes to be reliable, but no Registrant takes any
    responsibility for the accuracy thereof.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    37
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='111'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">LEGAL
    OPINIONS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Opinions as to the legality of certain of the Offered Securities
    will be rendered for CMS Energy by Shelley&#160;J.&#160;Ruckman,
    Esq., Assistant General Counsel for CMS Energy. Certain matters
    of Delaware law relating to the validity of the
    Trust&#160;Preferred Securities will be passed upon on behalf of
    the Trusts by Sidley Austin LLP, special Delaware counsel to the
    Trusts. Certain United States federal income taxation matters
    may be passed upon for CMS Energy, the Trusts and Consumers by
    either Theodore Vogel, tax counsel for CMS Energy, or by special
    tax counsel to CMS Energy, the Trusts and Consumers, who will be
    named in the applicable prospectus supplement. Certain legal
    matters with respect to Offered Securities will be passed upon
    by counsel for any underwriters, dealers or agents, each of whom
    will be named in the related prospectus supplement.
</DIV>
<A name='112'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EXPERTS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The consolidated financial statements and schedule of CMS Energy
    Corporation as of and for the year ended December&#160;31, 2007
    and management&#146;s assessment of the effectiveness of
    internal control over financial reporting as of
    December&#160;31, 2007 (which is included in Management&#146;s
    Report on Internal Control over Financial Reporting)
    incorporated in this prospectus by reference to CMS Energy
    Corporation&#146;s Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2007 have been so
    incorporated in reliance on the report of PricewaterhouseCoopers
    LLP, an independent registered public accounting firm, given on
    the authority of said firm as experts in auditing and accounting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The consolidated financial statements (including schedules
    appearing therein) for 2006 and 2005 of CMS Energy Corporation
    appearing in CMS Energy Corporation&#146;s Annual Report
    <FONT style="white-space: nowrap">(Form&#160;10-K)</FONT>
    for the year ended December&#160;31, 2007 included therein, have
    been audited by Ernst&#160;&#038; Young LLP, independent
    registered public accounting firm, as set forth in their report
    thereon, included therein, and incorporated herein by reference,
    which is based in part on the report of PricewaterhouseCoopers
    LLP, independent registered public accounting firm for the
    Midland Cogeneration Venture Limited Partnership (the &#147;MCV
    Partnership&#148;). Such consolidated financial statements have
    been incorporated herein by reference in reliance upon such
    reports given on the authority of such firms as experts in
    accounting and auditing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The consolidated financial statements and schedule of Consumers
    Energy Company as of and for the year ended December&#160;31,
    2007 and management&#146;s assessment of the effectiveness of
    internal control over financial reporting as of
    December&#160;31, 2007 (which is included in Management&#146;s
    Report on Internal Control over Financial Reporting)
    incorporated in this prospectus by reference to Consumers Energy
    Company&#146;s Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2007 have been so
    incorporated in reliance on the report of PricewaterhouseCoopers
    LLP, an independent registered public accounting firm, given on
    the authority of said firm as experts in auditing and accounting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The consolidated financial statements (including schedule
    appearing therein) for 2006 and 2005 of Consumers Energy Company
    appearing in Consumers Energy Company&#146;s Annual Report
    <FONT style="white-space: nowrap">(Form&#160;10-K)</FONT>
    for the year ended December&#160;31, 2007 included therein, have
    been audited by Ernst&#160;&#038; Young LLP, independent
    registered public accounting firm, as set forth in their report
    thereon, included therein, and incorporated herein by reference,
    which is based in part on the report of PricewaterhouseCoopers
    LLP, independent registered public accounting firm for the MCV
    Partnership. Such consolidated financial statements have been
    incorporated herein by reference in reliance upon such reports
    given on the authority of such firms as experts in accounting
    and auditing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The financial statements of the MCV Partnership, as of
    November&#160;21, 2006 and December&#160;31, 2005 and for the
    period ended November&#160;21, 2006 and the year ended
    December&#160;31, 2005, not separately presented in this
    prospectus, have been audited by PricewaterhouseCoopers LLP, an
    independent registered public accounting firm, whose report
    thereon is incorporated in this prospectus by reference to CMS
    Energy Corporation&#146;s and Consumers Energy Company&#146;s
    combined Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2007. Such financial
    statements, to the extent they have been included in the
    financial statements of CMS Energy Corporation and Consumers
    Energy Company, have been so incorporated in reliance on the
    report of such independent registered public accounting firm
    given on the authority of said firm as experts in auditing and
    accounting.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    38
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PART&#160;II<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">INFORMATION
    NOT REQUIRED IN PROSPECTUS</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="10%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">ITEM&#160;14.<I>&#160;&#160;</I></FONT></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Other
    Expenses of Issuance and Distribution.</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The estimated expenses in connection with the issuance and
    distribution of the securities being registered, other than
    underwriting discounts and commissions, are:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="96%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SEC Registration Fee
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    *
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Services of Independent Registered Public Accounting Firms
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    **
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Trustee Fees and Expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    **
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Legal Fees and Expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    **
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Rating Agency Fees
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    **
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Collateral Agent&#146;s Fees
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    **
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Purchase Contract Agent&#146;s Fees
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    **
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Printing and Delivery Expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    **
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Listing Fees
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    **
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Blue Sky Fees and Expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    **
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Miscellaneous Expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    **
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    **
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    *&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    To be deferred pursuant to Rule&#160;456(b) under the Securities
    Act and calculated in connection with the offering of securities
    under this Registration Statement pursuant to Rule&#160;457(r)
    under the Securities Act.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    ** </TD>
    <TD></TD>
    <TD valign="bottom">
    Estimated expenses are not presently known. Each prospectus
    supplement will reflect estimated expenses based on the amount
    of the related offering.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="10%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">ITEM&#160;15.<I>&#160;&#160;</I></FONT></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Indemnification
    of Directors and Officers.</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CMS
    ENERGY</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following resolution was adopted by CMS Energy&#146;s board
    of directors on May&#160;6, 1987:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>RESOLVED:</I>&#160;&#160;That effective March&#160;1, 1987
    the Corporation shall indemnify to the full extent permitted by
    law every person (including the estate, heirs and legal
    representatives of such person in the event of the decease,
    incompetency, insolvency or bankruptcy of such person) who is or
    was a director, officer, partner, trustee, employee or agent of
    the Corporation, or is or was serving at the request of the
    Corporation as a director, officer, partner, trustee, employee
    or agent of another corporation, partnership, joint venture,
    trust or other enterprise, against all liability, costs,
    expenses, including attorneys&#146; fees, judgments, penalties,
    fines and amounts paid in settlement, incurred by or imposed
    upon the person in connection with or resulting from any claim
    or any threatened, pending or completed action, suit or
    proceeding whether civil, criminal, administrative,
    investigative or of whatever nature, arising from the
    person&#146;s service or capacity as, or by reason of the fact
    that the person is or was, a director, officer, partner,
    trustee, employee or agent of the Corporation, or is or was
    serving at the request of the Corporation as a director,
    officer, partner, trustee, employee or agent of another
    corporation, partnership, joint venture, trust or other
    enterprise. Such right of indemnification shall not be deemed
    exclusive of any other rights to which the person may be
    entitled under statute, bylaw, agreement, vote of shareholders
    or otherwise.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy&#146;s Bylaws provide:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Corporation may purchase and maintain liability insurance,
    to the full extent permitted by law, on behalf of any person who
    is or was a director, officer, employee or agent of the
    Corporation, or is or was serving at the request of the
    Corporation as a director, officer, employee or agent of another
    corporation, partnership, joint venture, trust or other
    enterprise against any liability asserted against such person
    and incurred by such person in any such capacity.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-1
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Article&#160;VIII of CMS Energy&#146;s Restated Articles of
    Incorporation, as amended, provides:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A director shall not be personally liable to the Corporation or
    its shareholders for monetary damages for breach of duty as a
    director except (i)&#160;for a breach of the director&#146;s
    duty of loyalty to the Corporation or its shareholders,
    (ii)&#160;for acts or omissions not in good faith or that
    involve intentional misconduct or a knowing violation of law,
    (iii)&#160;for a violation of Section&#160;551(1) of the
    Michigan Business Corporation Act, and (iv)&#160;for any
    transaction from which the director derived an improper personal
    benefit. No amendment to or repeal of this Article&#160;VIII,
    and no modification to its provisions by law, shall apply to, or
    have any effect upon, the liability or alleged liability of any
    director of the Corporation for or with respect to any acts or
    omissions of such director occurring prior to such amendment,
    repeal or modification.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Article&#160;IX of CMS Energy&#146;s Restated Articles of
    Incorporation, as amended, provides:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each director and each officer of the Corporation shall be
    indemnified by the Corporation to the fullest extent permitted
    by law against expenses (including attorneys&#146; fees),
    judgments, penalties, fines and amounts paid in settlement
    actually and reasonably incurred by him or her in connection
    with the defense of any proceeding in which he or she was or is
    a party or is threatened to be made a party by reason of being
    or having been a director or an officer of the Corporation. Such
    right of indemnification is not exclusive of any other rights to
    which such director or officer may be entitled under any now or
    hereafter existing statute, any other provision of these
    Articles, bylaw, agreement, vote of shareholders or otherwise.
    If the Business Corporation Act of the State of Michigan is
    amended after approval by the shareholders of this
    Article&#160;IX to authorize corporate action further
    eliminating or limiting the personal liability of directors,
    then the liability of a director of the Corporation shall be
    eliminated or limited to the fullest extent permitted by the
    Business Corporation Act of the State of Michigan, as so
    amended. Any repeal or modification of this Article&#160;IX by
    the shareholders of the Corporation shall not adversely affect
    any right or protection of a director of the Corporation
    existing at the time of such repeal or modification.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Sections&#160;561 through 571 of the Michigan Business
    Corporation Act provide CMS Energy with the power to indemnify
    directors, officers, employees and agents against certain
    expenses and payments, and to purchase and maintain insurance on
    behalf of directors, officers, employees and agents.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Officers and directors are covered within specified monetary
    limits by insurance against certain losses arising from claims
    made by reason of their being directors or officers of CMS
    Energy or of CMS Energy&#146;s subsidiaries, and CMS
    Energy&#146;s officers and directors are indemnified against
    such losses by reason of their being or having been directors of
    officers of another corporation, partnership, joint venture,
    trust or other enterprise at CMS Energy&#146;s request. In
    addition, CMS Energy has indemnified each of its present
    directors by contracts that contain affirmative provisions
    essentially similar to those in Sections&#160;561 through 571 of
    the Michigan Business Corporation Act cited above.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CONSUMERS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following resolution was adopted by Consumers&#146; board of
    directors on May&#160;6, 1987:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>RESOLVED:</I>&#160;&#160;That effective March&#160;1, 1987
    the Company shall indemnify to the full extent permitted by law
    every person (including the estate, heirs and legal
    representatives of such person in the event of the decease,
    incompetency, insolvency or bankruptcy of such person) who is or
    was a director, officer, partner, trustee, employee or agent of
    the Company, or is or was serving at the request of the Company
    as a director, officer, partner, trustee, employee or agent of
    another corporation, partnership, joint venture, trust or other
    enterprise, against all liability, costs, expenses, including
    attorneys&#146; fees, judgments, penalties, fines and amounts
    paid in settlement, incurred by or imposed upon the person in
    connection with or resulting from any claim or any threatened,
    pending or completed action, suit or proceeding whether civil,
    criminal, administrative, investigative or of whatever nature,
    arising from the person&#146;s service or capacity as, or by
    reason of the fact that the person is or was, a director,
    officer, partner, trustee, employee or agent of the Company, or
    is or was serving at the request of the Company as a director,
    officer, partner, trustee, employee or agent of another
    corporation, partnership, joint venture, trust or other
    enterprise. Such right of indemnification shall not be deemed
    exclusive of any other rights to which the person may be
    entitled under statute, bylaw, agreement, vote of shareholders
    or otherwise.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Article&#160;XIII, Section&#160;1 of Consumers&#146; Bylaws
    provides:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company may purchase and maintain liability insurance, to
    the full extent permitted by law, on behalf of any person who is
    or was a director, officer, employee or agent of the Company, or
    is or was serving at the request of the Company as a director,
    officer, employee or agent of another corporation, partnership,
    joint venture, trust or other enterprise against any liability
    asserted against such person and incurred by such person in any
    such capacity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Article&#160;V of Consumers&#146; Restated Articles of
    Incorporation provides:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A director shall not be personally liable to the Company or its
    shareholders for monetary damages for breach of duty as a
    director except (i)&#160;for a breach of the director&#146;s
    duty of loyalty to the Company or its shareholders,
    (ii)&#160;for acts or omissions not in good faith or that
    involve intentional misconduct or a knowing violation of law,
    (iii)&#160;for a violation of Section&#160;551(1) of the
    Michigan Business Corporation Act, and (iv)&#160;any transaction
    from which the director derived an improper personal benefit. No
    amendment to or repeal of this Article&#160;V, and no
    modification to its provisions by law, shall apply to, or have
    any effect upon, the liability or alleged liability of any
    director of the Company for or with respect to any acts or
    omissions of such director occurring prior to such amendment,
    repeal or modification.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Article&#160;VI of Consumers&#146; Restated Articles of
    Incorporation provides:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each director and each officer of the Company shall be
    indemnified by the Company to the fullest extent permitted by
    law against expenses (including attorneys&#146; fees),
    judgments, penalties, fines and amounts paid in settlement
    actually and reasonably incurred by him or her in connection
    with the defense of any proceeding in which he or she was or is
    a party or is threatened to be made a party by reason of being
    or having been a director or an officer of the Company. Such
    right of indemnification is not exclusive of any other rights to
    which such director or officer may be entitled under any now or
    hereafter existing statute, any other provision of these
    Articles, bylaw, agreement, vote of shareholders or otherwise.
    If the Business Corporation Act of the State of Michigan is
    amended after approval by the shareholders of this
    Article&#160;VI to authorize corporate action further
    eliminating or limiting the personal liability of directors,
    then the liability of a director of the Company shall be
    eliminated or limited to the fullest extent permitted by the
    Business Corporation Act of the State of Michigan, as so
    amended. Any repeal or modification of this Article&#160;VI by
    the shareholders of the Company shall not adversely affect any
    right or protection of a director of the Company existing at the
    time of such repeal or modification.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Sections&#160;561 through 571 of the Michigan Business
    Corporation Act provide Consumers with the power to indemnify
    directors, officers, employees and agents against certain
    expenses and payments, and to purchase and maintain insurance on
    behalf of directors, officers, employees and agents.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Officers and directors are covered within specified monetary
    limits by insurance against certain losses arising from claims
    made by reason of their being directors or officers of Consumers
    or of Consumers&#146; subsidiaries, and Consumers&#146; officers
    and directors are indemnified against such losses by reason of
    their being or having been directors or officers of another
    corporation, partnership, joint venture, trust or other
    enterprise at Consumers&#146; request. In addition, Consumers
    has indemnified each of its present directors by contracts that
    contain affirmative provisions essentially similar to those in
    Sections&#160;561 through 571 of the Michigan Business
    Corporation Act cited above.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="10%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">ITEM&#160;16.<I>&#160;&#160;</I></FONT></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Exhibits.</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Reference is made to the Exhibit&#160;Index filed as part of
    this Registration Statement.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="10%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">ITEM&#160;17.<I>&#160;&#160;</I></FONT></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Undertakings.</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Each undersigned Registrant hereby undertakes:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;To file, during any period in which offers or sales are
    being made, a post-effective amendment to this registration
    statement:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;To include any prospectus required by
    Section&#160;10(a)(3) of the Securities Act of 1933;
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-3
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;To reflect in the prospectus any facts or events
    arising after the effective date of the registration statement
    (or the most recent post-effective amendment hereof) which,
    individually or in the aggregate, represent a fundamental change
    in the information set forth in the registration statement.
    Notwithstanding the foregoing, any increase or decrease in
    volume of securities offered (if the total dollar value of
    securities offered would not exceed that which was registered)
    and any deviation from the low or high end of the estimated
    maximum offering range may be reflected in the form of
    prospectus filed with the Commission pursuant to
    Rule&#160;424(b) if, in the aggregate, the changes in volume and
    price represent no more than 20&#160;percent change in the
    maximum aggregate offering price set forth in the
    &#147;Calculation of Registration Fee&#148; table in the
    effective registration statement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;To include any material information with respect to
    the plan of distribution not previously disclosed in the
    registration statement or any material change to such
    information in the registration statement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    provided, however, that paragraphs (a)(1)(i), (a)(1)(ii) and
    (a)(1)(iii) of this section do not apply if the registration
    statement is on
    <FONT style="white-space: nowrap">Form&#160;S-3</FONT>
    and the information required to be included in a post-effective
    amendment by those paragraphs is contained in reports filed with
    or furnished to the Commission by the Registrant pursuant to
    section&#160;13 or section&#160;15(d) of the Securities Exchange
    Act of 1934 that are incorporated by reference in the
    registration statement, or is contained in a form of prospectus
    filed pursuant to Rule&#160;424(b) that is part of the
    registration statement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;That, for the purpose of determining any liability
    under the Securities Act of 1933, each such post-effective
    amendment shall be deemed to be a new registration statement
    relating to the securities offered therein, and the offering of
    such securities at that time shall be deemed to be the initial
    bona fide offering thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;To remove from registration by means of a
    post-effective amendment any of the securities being registered
    which remain unsold at the termination of the offering.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;That, for the purpose of determining liability under
    the Securities Act of 1933 to any purchaser:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;Each prospectus filed by the Registrant pursuant to
    Rule 424(b)(3) shall be deemed to be part of the registration
    statement as of the date the filed prospectus was deemed part of
    and included in the registration statement;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;Each prospectus required to be filed pursuant to Rule
    424(b)(2), (b)(5), or (b)(7) as part of a registration statement
    in reliance on Rule&#160;430B relating to an offering made
    pursuant to Rule&#160;415(a)(1)(i), (vii), or (x)&#160;for the
    purpose of providing the information required by
    section&#160;10(a) of the Securities Act of 1933 shall be deemed
    to be part of and included in the registration statement as of
    the earlier of the date such form of prospectus is first used
    after effectiveness or the date of the first contract of sale of
    securities in the offering described in the prospectus. As
    provided in Rule 430B, for liability purposes of the issuer and
    any person that is at that date an underwriter, such date shall
    be deemed to be a new effective date of the registration
    statement relating to the securities in the registration
    statement to which that prospectus relates, and the offering of
    such securities at that time shall be deemed to be the initial
    bona fide offering thereof. Provided, however, that no statement
    made in a registration statement or prospectus that is part of
    the registration statement or made in a document incorporated or
    deemed incorporated by reference into the registration statement
    or prospectus that is part of the registration statement will,
    as to a purchaser with a time of contract of sale prior to such
    effective date, supersede or modify any statement that was made
    in the registration statement or prospectus that was part of the
    registration statement or made in any such document immediately
    prior to such effective date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;That, for the purpose of determining liability of the
    Registrant under the Securities Act of 1933 to any purchaser in
    the initial distribution of the securities, the undersigned
    Registrant undertakes that in a primary offering of securities
    of the undersigned Registrant pursuant to this registration
    statement, regardless of the underwriting method used to sell
    the securities to the purchaser, if the securities are offered
    or sold to such
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-4
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    purchaser by means of any of the following communications, the
    undersigned Registrant will be a seller to the purchaser and
    will be considered to offer or sell such securities to such
    purchaser:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;Any preliminary prospectus or prospectus of the
    undersigned Registrant relating to the offering required to be
    filed pursuant to Rule&#160;424;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;Any free writing prospectus relating to the offering
    prepared by or on behalf of the undersigned Registrant or used
    or referred to by the undersigned Registrant;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;The portion of any other free writing prospectus
    relating to the offering containing material information about
    the undersigned Registrant or its securities provided by or on
    behalf of the undersigned Registrant;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iv)&#160;Any other communication that is an offer in the
    offering made by the undersigned Registrant to the purchaser.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Each undersigned Registrant hereby undertakes that, for
    purposes of determining any liability under the Securities Act
    of 1933, each filing of the Registrant&#146;s annual report
    pursuant to Section&#160;13(a) or Section&#160;15(d) of the
    Securities Exchange Act of 1934 (and, where applicable, each
    filing of an employee benefit plan&#146;s annual report pursuant
    to Section&#160;15(d) of the Securities Exchange Act of
    1934)&#160;that is incorporated by reference in the registration
    statement shall be deemed to be a new registration statement
    relating to the securities offered therein, and the offering of
    such securities at that time shall be deemed to be the initial
    bona fide offering thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Insofar as indemnification for liabilities arising
    under the Securities Act of 1933&#160;may be permitted to
    directors, officers and controlling persons of each Registrant
    pursuant to the foregoing provisions, or otherwise, the
    Registrant has been advised that in the opinion of the
    Securities and Exchange Commission such indemnification is
    against public policy as expressed in the Act and is, therefore,
    unenforceable. In the event that a claim for indemnification
    against such liabilities (other than the payment by the
    Registrant of expenses incurred or paid by a director, officer
    or controlling person of the Registrant in the successful
    defense of any action, suit or proceeding) is asserted by such
    director, officer or controlling person in connection with the
    securities being registered, the Registrant will, unless in the
    opinion of its counsel the matter has been settled by
    controlling precedent, submit to a court of appropriate
    jurisdiction the question whether such indemnification by it is
    against public policy as expressed in the Act and will be
    governed by the final adjudication of such issue.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-5
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, CMS
    Energy Corporation, the Registrant, certifies that it has
    reasonable grounds to believe that it meets all of the
    requirements for filing on
    <FONT style="white-space: nowrap">Form&#160;S-3</FONT>
    and has duly caused this registration statement to be signed on
    its behalf by the undersigned, thereunto duly authorized, in the
    City of Jackson, State of Michigan, on the 5th&#160;day of
    September, 2008.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy Corporation<BR>
    (Registrant)
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Thomas
    J. Webb</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Thomas J. Webb
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    Executive Vice President and Chief<BR>
    Financial Officer
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    registration statement has been signed by the following persons
    in the capacities indicated on the 5th&#160;day of September,
    2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="3%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="36%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="46%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="8%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <B>(i)&#160;Principal executive officer:</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;David
    W. Joos</DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(David
    W. Joos)
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Chief Executive Officer
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <B>(ii)&#160;Principal financial officer:</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Thomas
    J. Webb</DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Thomas
    J. Webb)
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Executive Vice President and<BR>
    Chief Financial Officer
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="5">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="5" valign="top">
    <B>(iii)&#160;Controller or principal accounting officer:</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Glenn
    P. Barba</DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Glenn
    P. Barba)
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Controller and<BR>
    Chief Accounting Officer
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <B>(iv)&#160;Directors:</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Merribel
    S. Ayres)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Jon
    E. Barfield)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Richard
    M. Gabrys)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(David
    W. Joos)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="3%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="36%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="46%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="8%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Philip
    R. Lochner, Jr.)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Michael
    T. Monahan)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Joseph
    F. Paquette, Jr.)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Percy
    A. Pierre)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Kenneth
    L. Way)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Kenneth
    Whipple)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(John
    B. Yasinsky)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    * By:&#160;</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Thomas
    J. Webb</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 5%; width: 33%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=153 -->

<DIV align="left" style="margin-left: 5%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Thomas J. Webb
</DIV>

<DIV align="left" style="margin-left: 5%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;Attorney-in-fact
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-7
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, CMS
    Energy Trust&#160;IV, the Registrant, certifies that it has
    reasonable grounds to believe that it meets all of the
    requirements for filing on
    <FONT style="white-space: nowrap">Form&#160;S-3</FONT>
    and has duly caused this registration statement to be signed on
    its behalf by the undersigned, thereunto duly authorized, in the
    City of Jackson, State of Michigan, on the 5th&#160;day of
    September, 2008.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy Trust&#160;IV<BR>
    (Registrant)
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Laura
    L. Mountcastle</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Laura L. Mountcastle
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    Trustee
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Catherine
    M. Reynolds</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Catherine M. Reynolds
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    Trustee
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-8
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, CMS
    Energy Trust&#160;V, the Registrant, certifies that it has
    reasonable grounds to believe that it meets all of the
    requirements for filing on
    <FONT style="white-space: nowrap">Form&#160;S-3</FONT>
    and has duly caused this registration statement to be signed on
    its behalf by the undersigned, thereunto duly authorized, in the
    City of Jackson, State of Michigan, on the 5th&#160;day of
    September, 2008.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CMS Energy Trust&#160;V<BR>
    (Registrant)
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Laura
    L. Mountcastle</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Laura L. Mountcastle
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    Trustee
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Catherine
    M. Reynolds</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Catherine M. Reynolds
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    Trustee
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-9
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933,
    Consumers Energy Company, the Registrant, certifies that it has
    reasonable grounds to believe that it meets all of the
    requirements for filing on
    <FONT style="white-space: nowrap">Form&#160;S-3</FONT>
    and that the security rating requirement under Transaction
    Requirement B.2 for its debt securities being registered on this
    <FONT style="white-space: nowrap">Form&#160;S-3</FONT>
    will be met by the time of the sale and has duly caused this
    registration statement to be signed on its behalf by the
    undersigned, thereunto duly authorized, in the City of Jackson,
    State of Michigan, on the 5th&#160;day of September, 2008.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Consumers Energy Company<BR>
    (Registrant)
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Thomas
    J. Webb</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Thomas J. Webb
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    Executive Vice President and Chief
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Financial Officer
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    registration statement has been signed by the following persons
    in the capacities indicated on the 5th&#160;day of September,
    2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="3%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="36%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="46%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="8%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <B>(i)&#160;Principal executive officer:</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;David
    W. Joos</DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(David
    W. Joos)
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Chief Executive Officer
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <B>(ii)&#160;Principal financial officer:</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Thomas
    J. Webb</DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Thomas
    J. Webb)
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Executive Vice President and<BR>
    Chief Financial Officer
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="5">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="5" valign="top">
    <B>(iii)&#160;Controller or principal accounting officer:</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Glenn
    P. Barba</DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Glenn
    P. Barba)
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Controller and<BR>
    Chief Accounting Officer
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <B>(iv)&#160;Directors:</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Merribel
    S. Ayres)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Jon
    E. Barfield)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Richard
    M. Gabrys)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(David
    W. Joos)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-10
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="3%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="36%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="46%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="8%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Philip
    R. Lochner, Jr.)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Michael
    T. Monahan)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Joseph
    F. Paquette, Jr.)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Percy
    A. Pierre)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Kenneth
    L. Way)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(Kenneth
    Whipple)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    /s/<DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=178 length=0 -->(John
    B. Yasinsky)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    * By:&#160;</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Thomas
    J. Webb</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 5%; width: 33%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=153 -->

<DIV align="left" style="margin-left: 5%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Thomas J. Webb
</DIV>

<DIV align="left" style="margin-left: 5%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;Attorney-in-fact
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-11
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EXHIBIT&#160;INDEX</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Exhibits listed below that have been previously filed with the
    SEC are incorporated herein by reference with the same effect as
    if filed with this Registration Statement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 01 -->
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="10%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="8%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="58%">&nbsp;</TD>	<!-- colindex=05 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Previously Filed</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>With File<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>As Exhibit<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Exhibits</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Number</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Number</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Description</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1
</TD>
<TD nowrap align="left" valign="top">
    .1*
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Underwriting Agreement with respect to the Offered
    Securities
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (99)(a)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Restated Articles of Incorporation of CMS Energy
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed June&#160;3, 2004)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (3)(b)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    CMS Energy Corporation Bylaws, amended and restated as of
    August&#160;10, 2007
    (3<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP>
    qtr. 2007
    <FONT style="white-space: nowrap">Form&#160;10-Q)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3(c)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Restated Articles of Incorporation dated May&#160;26, 2000, of
    Consumers (2000
    <FONT style="white-space: nowrap">Form&#160;10-K)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (3)(d)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consumers Energy Company Bylaws, amended and restated as of
    August&#160;10, 2007
    (3<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP>
    qtr. 2007
    <FONT style="white-space: nowrap">Form&#160;10-Q)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .5.1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(i)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Designation of 4.50% Cumulative Convertible
    Preferred Stock of CMS Energy Corporation dated as of
    December&#160;2, 2003 (2003
    <FONT style="white-space: nowrap">Form&#160;10-K)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .5.2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3.1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Designation of 4.50% Cumulative Convertible
    Preferred Stock, Series&#160;B of CMS Energy Corporation
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed December&#160;22, 2004)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .6.1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    33-47629
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(a)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Indenture dated as of September&#160;15, 1992 between CMS Energy
    and The Bank of New York Mellon (formerly NBD Bank), as Trustee
    <FONT style="white-space: nowrap">(Form&#160;S-3</FONT>
    filed May&#160;1, 1992)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Indentures Supplemental thereto:
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .6.2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    333-58686
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(a)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    11<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 3/29/01
    <FONT style="white-space: nowrap">(Form&#160;S-8</FONT>
    filed April&#160;11, 2001)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .6.3
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(d)(i)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    15<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 9/29/04 (2004
    <FONT style="white-space: nowrap">Form&#160;10-K)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .6.4
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(d)(ii)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    16<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 12/16/04 (2004
    <FONT style="white-space: nowrap">Form&#160;10-K)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .6.5
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4.2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    17<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 12/13/04
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed December&#160;13, 2004)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .6.6
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4.2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    18<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 1/19/05
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed January&#160;20, 2005)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .6.7
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4.2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    19<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 12/13/05
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed December&#160;15, 2005)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .6.8
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4.2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    20<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 7/3/07
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed July&#160;5, 2007)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .6.9
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4.3
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    21<SUP style="font-size: 85%; vertical-align: text-top">st</SUP>
    dated as of 7/3/07
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed July&#160;5, 2007)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .6.10
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    33-47629
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(a)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Senior Debt Securities (included in Exhibit&#160;4.6.1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .7.1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4a)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Indenture dated as of June&#160;1, 1997, between CMS Energy and
    The Bank of New York Mellon, as trustee
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed July&#160;1, 1997)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Indentures Supplemental thereto:
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .7.2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4b)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP>
    dated as of 6/20/97
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed July&#160;1, 1997)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .7.3
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4a)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Subordinated Debt Securities (included in
    Exhibit&#160;4.7.1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .8.1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10.2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    $300&#160;million Seventh Amended and Restated Credit Agreement
    dated as of April&#160;2, 2007 among CMS Energy Corporation, the
    Banks, the Administrative Agent, Collateral Agent, Syndication
    Agent and Documentation Agents all defined therein
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed April&#160;3, 2007)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Amendment thereto:
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .8.2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (10)(a)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Amendment No.&#160;1 dated December&#160;19, 2007 to
    $300&#160;million Seventh Amended and Restated Credit Agreement
    dated as of April&#160;2, 2007 among CMS Energy Corporation, the
    Banks, the Administrative Agent, Collateral Agent, Syndication
    Agent and Documentation Agents all defined therein (2007
    <FONT style="white-space: nowrap">Form&#160;10-K)</FONT>
</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 01 -->
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="10%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="8%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="58%">&nbsp;</TD>	<!-- colindex=05 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Previously Filed</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>With File<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>As Exhibit<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Exhibits</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Number</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Number</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Description</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Assumption thereto:
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .8.3
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10.1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Assumption and Acceptance dated January&#160;8, 2008
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed January&#160;11, 2008)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .9
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (10)(b)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Fourth Amended and Restated Pledge and Security Agreement dated
    as of April&#160;2, 2007 among CMS Energy and Collateral Agent,
    as defined therein (2007
    <FONT style="white-space: nowrap">Form&#160;10-K)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .10
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (10)(c)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Cash Collateral Agreement dated as of April&#160;2, 2007, made
    by CMS Energy to the Administrative Agent for the lenders and
    Collateral Agent, as defined therein (2007
    <FONT style="white-space: nowrap">Form&#160;10-K)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .11
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    333-27849
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(o)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Purchase Contract Agreement between CMS Energy and
    Purchase Contract Agent (including as Exhibit&#160;A the form of
    the Security Certificate)
    <FONT style="white-space: nowrap">(Form&#160;S-3/A</FONT>
    filed June&#160;13, 1997)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .12*
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Supplemental Indenture to be used with the Senior Debt
    Securities issued in connection with the Trust&#160;Preferred
    Securities
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .13
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    333-51932
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(f)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Trust of CMS Energy Trust&#160;IV
    <FONT style="white-space: nowrap">(Form&#160;S-3</FONT>
    filed December&#160;15, 2000)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .14
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    333-51932
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(g)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Amended and Restated Trust&#160;Agreement of CMS Energy
    Trust&#160;IV
    <FONT style="white-space: nowrap">(Form&#160;S-3</FONT>
    filed December&#160;15, 2000)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .15
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    333-51932
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(h)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Trust of CMS Energy Trust&#160;V
    <FONT style="white-space: nowrap">(Form&#160;S-3</FONT>
    filed December&#160;15, 2000)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .16
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    333-51932
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(i)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Amended and Restated Trust&#160;Agreement of CMS Energy
    Trust&#160;V
    <FONT style="white-space: nowrap">(Form&#160;S-3</FONT>
    filed December&#160;15, 2000)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .17
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    333-51932
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(k)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Trust&#160;Preferred Security (included in
    Exhibit&#160;4.14)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .18
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    333-51932
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(l)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Trust&#160;Preferred Securities Guarantee Agreement of
    CMS Energy Trust&#160;IV
    <FONT style="white-space: nowrap">(Form&#160;S-3</FONT>
    filed December&#160;15, 2000)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .19
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    333-51932
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(m)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Trust&#160;Preferred Securities Guarantee Agreement of
    CMS Energy Trust&#160;V
    <FONT style="white-space: nowrap">(Form&#160;S-3</FONT>
    filed December&#160;15, 2000)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    2-65973
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (b)(1)-4
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Indenture dated as of September&#160;1, 1945, between Consumers
    and The Bank of New York Mellon (successor to City Bank Farmers
    Trust&#160;Company), as Trustee, including therein indentures
    supplemental thereto through the Forty-third Supplemental
    Indenture dated as of May&#160;1, 1979
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Indentures Supplemental thereto:
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(a)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    71<SUP style="font-size: 85%; vertical-align: text-top">st</SUP>
    dated as of 3/06/98 (1997
    <FONT style="white-space: nowrap">Form&#160;10-K)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.3
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(d)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    90<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 4/30/03
    (1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP>
    qtr. 2003
    <FONT style="white-space: nowrap">Form&#160;10-Q)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.4
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(a)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    91<SUP style="font-size: 85%; vertical-align: text-top">st</SUP>
    dated as of 5/23/03
    (3<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP>
    qtr. 2003
    <FONT style="white-space: nowrap">Form&#160;10-Q)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.5
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(b)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    92<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP>
    dated as of 8/26/03
    (3<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP>
    qtr. 2003
    <FONT style="white-space: nowrap">Form&#160;10-Q)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.6
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(a)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    96<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 8/17/04
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed August&#160;20, 2004)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.7
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    333-120611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(e)(xv)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    97<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 9/1/04 (Consumers
    <FONT style="white-space: nowrap">Form&#160;S-3</FONT>
    filed November&#160;18, 2004)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.8
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4.4
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    98<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 12/13/04
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed December&#160;13, 2004)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.9
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(a)(i)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    99<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 1/20/05 (2004
    <FONT style="white-space: nowrap">Form&#160;10-K)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.10
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4.2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    100<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 3/24/05
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed March&#160;30, 2005)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.11
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4.2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    102<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP>
    dated as of 4/13/05
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed April&#160;13, 2005)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.12
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4.2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    104<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 8/11/05
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed August&#160;11, 2005)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.13
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(b)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    105<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 3/30/07 (2007
    <FONT style="white-space: nowrap">Form&#160;10-K)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.14
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(a)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    106<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 11/30/07 (2007
    <FONT style="white-space: nowrap">Form&#160;10-K)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.15
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(a)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    107<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 3/1/08
    (1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP>
    qtr. 2008
    <FONT style="white-space: nowrap">Form&#160;10-Q)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.16
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4.1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    108<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
    dated as of 3/14/08
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed March&#160;14, 2008)
</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 01 -->
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="10%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="8%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="58%">&nbsp;</TD>	<!-- colindex=05 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Previously Filed</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>With File<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>As Exhibit<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Exhibits</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Number</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Number</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Description</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .20.17
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    2-65973
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (b)(1)-4
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of First Mortgage Bond (included in Exhibit&#160;4.22.1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .21
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(b)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Indenture dated as of January&#160;1, 1996 between Consumers and
    The Bank of New York Mellon, as Trustee (1995
    <FONT style="white-space: nowrap">Form&#160;10-K)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .22.1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(c)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Indenture dated as of February&#160;1, 1998 between Consumers
    and The Bank of New York Mellon (formerly The Chase Manhattan
    Bank), as Trustee (1997
    <FONT style="white-space: nowrap">Form&#160;10-K)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .22.2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(c)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Senior Debt Securities (included in Exhibit&#160;4.22.1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .23
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10.1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    $500&#160;million Fourth Amended and Restated Credit Agreement
    dated as of March&#160;30, 2007 between Consumers Energy
    Company, the Banks, the Administrative Agent, the Collateral
    Agent, the Syndication Agent and the Documentation Agents all as
    defined therein
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed April&#160;3, 2007)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .24
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10.1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    $200&#160;million Letter of Credit Reimbursement Agreement dated
    as of November&#160;30, 2007 between Consumers Energy Company
    and The Bank of Nova Scotia
    <FONT style="white-space: nowrap">(Form&#160;8-K</FONT>
    filed December&#160;6, 2007)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .25
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    333-89363
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (4)(f)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Instruments defining the rights of security holders, including
    indentures. Consumers Energy Company hereby agrees to furnish to
    the SEC upon request a copy of any instrument covering
    securities the amount of which does not exceed 10% of the total
    assets of Consumers Energy Company and its subsidiaries on a
    consolidated basis.
    <FONT style="white-space: nowrap">(Form&#160;S-3</FONT>
    filed October&#160;20, 1999)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Opinion of Shelley J Ruckman, Assistant General Counsel for CMS
    Energy, regarding the legality of the CMS Energy Offered
    Securities and the Consumers Offered Securities
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Opinion of Sidley Austin LLP regarding the legality of the
    Trust&#160;Preferred Securities
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    12
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-9513
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (12)(a)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Statement of CMS Energy regarding computation of ratio of
    earnings to fixed charges and ratio of earnings to combined
    fixed charges and preferred stock dividends
    (2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP>
    qtr. 2008
    <FONT style="white-space: nowrap">Form&#160;10-Q)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    12
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1-5611
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    (12)(b)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Statement of Consumers regarding computation of ratio of
    earnings to fixed charges and ratio of earnings to combined
    fixed charges and preferred stock dividends
    (2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP>
    qtr. 2008
    <FONT style="white-space: nowrap">Form&#160;10-Q)</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Shelley J. Ruckman, Assistant General Counsel for CMS
    Energy (included in Exhibit&#160;5.1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Sidley Austin LLP (included in Exhibit&#160;5.2)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of PricewaterhouseCoopers LLP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Ernst&#160;&#038; Young LLP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .5
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Ernst&#160;&#038; Young LLP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .6
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of PricewaterhouseCoopers LLP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .7
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of PricewaterhouseCoopers LLP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .8
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of PricewaterhouseCoopers LLP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    24
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Power of Attorney&#160;&#151; CMS Energy
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    24
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Power of Attorney&#160;&#151; Consumers
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    25
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Statement of Eligibility and Qualification of The Bank of New
    York Mellon (Trustee under CMS Energy&#146;s Senior Debt
    Indenture with respect to the Senior Debt Securities)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    25
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Statement of Eligibility and Qualification of The Bank of New
    York Mellon (Trustee under CMS Energy&#146;s Senior Debt
    Indenture with respect to the Senior Convertible Debt
    Securities)
</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 01 -->
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="10%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="8%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="58%">&nbsp;</TD>	<!-- colindex=05 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Previously Filed</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>With File<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>As Exhibit<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Exhibits</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Number</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Number</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Description</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    25
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Statement of Eligibility and Qualification of The Bank of New
    York Mellon (Trustee under CMS Energy&#146;s Subordinated Debt
    Indenture)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    25
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Statement of Eligibility and Qualification of Property Trustee
    of CMS Energy Trust&#160;IV
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    25
</TD>
<TD nowrap align="left" valign="top">
    .5
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Statement of Eligibility and Qualification of Guarantee Trustee
    of CMS Energy Trust&#160;IV
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    25
</TD>
<TD nowrap align="left" valign="top">
    .6
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Statement of Eligibility and Qualification of Property Trustee
    of CMS Energy Trust&#160;V
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    25
</TD>
<TD nowrap align="left" valign="top">
    .7
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Statement of Eligibility and Qualification of Guarantee Trustee
    of CMS Energy Trust&#160;V
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    25
</TD>
<TD nowrap align="left" valign="top">
    .8
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Statement of Eligibility and Qualification of The Bank of New
    York Mellon (Trustee under Consumers&#146; Senior Note Indenture)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    25
</TD>
<TD nowrap align="left" valign="top">
    .9
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Statement of Eligibility and Qualification of The Bank of New
    York Mellon (Trustee under Consumers&#146; Mortgage Indenture)
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="98%"></TD>
</TR>

<TR>
    <TD valign="top">
    * </TD>
    <TD></TD>
    <TD valign="bottom">
    To be filed by amendment or as an exhibit to a document to be
    incorporated by reference herein in connection with an offering
    of the Offered Securities.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>k35263exv5w1.htm
<DESCRIPTION>EX-5.1
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-5.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 5.1</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">SHELLEY J. RUCKMAN<BR>
Assistant General Counsel
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">September&nbsp;5, 2008
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 18pt">CMS Energy Corporation<BR>
One Energy Plaza<BR>
Jackson, MI 49201

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Consumers Energy Company<BR>
One Energy Plaza<BR>
Jackson, MI 49201

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Ladies and Gentlemen:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I am the Assistant General Counsel of CMS Energy Corporation, a Michigan corporation (&#147;CMS
Energy&#148; or the &#147;Company&#148;) and of Consumers Energy Company, a Michigan corporation (&#147;Consumers&#148;),
and have acted as such in connection with the Registration Statement on Form S-3 (the &#147;Registration
Statement&#148;) being filed by the Company and Consumers with the Securities and Exchange Commission
(the &#147;Commission&#148;) under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), relating to
the registration of: (i)&nbsp;CMS Energy Common Stock, $.01 par value (&#147;CMS Energy Common Stock&#148;); (ii)
CMS Energy Preferred Stock (&#147;CMS Energy Preferred Stock&#148;); (iii)&nbsp;CMS Energy Cumulative Convertible
Preferred Stock; (&#147;Convertible Preferred Stock&#148;) (iv)&nbsp;Senior Debt Securities of the Company
(&#147;Senior Debt Securities&#148;); (v)&nbsp;Senior Convertible Debt Securities of the Company (&#147;Senior
Convertible Debt Securities&#148;); (vi)&nbsp;Subordinated Debt Securities of the Company (&#147;Subordinated Debt
Securities&#148;); (vii)&nbsp;Trust Preferred Securities of CMS Energy Trust IV; (viii)&nbsp;Trust Preferred
Securities of CMS Energy Trust V; (ix)&nbsp;Guarantee of CMS Energy Corporation with respect to Trust
Preferred Securities of CMS Energy Trust IV and CMS Energy Trust V (the &#147;Trust Preferred
Guarantee&#148;); (x)&nbsp;Stock Purchase Contracts of the Company (&#147;Stock Purchase Contracts&#148;); (xi)&nbsp;Stock
Purchase Units of the Company (&#147;Stock Purchase Units&#148;); (xii)&nbsp;Senior Notes of Consumers (&#147;Senior
Notes&#148;); and (xiii)&nbsp;First Mortgage Bonds of Consumers (&#147;FMBs&#148;). The offered securities are
collectively referred to as the &#147;Securities&#148;. The Senior Debt Securities and the Senior
Convertible Debt Securities are to be issued under an Indenture dated as of September&nbsp;15, 1992 by
and between the Company and The Bank of New York Mellon, as trustee (the &#147;Senior Indenture
Trustee&#148;), as amended and supplemented (the &#147;Senior Debt Indenture&#148;). The Subordinated Debt
Securities are to be issued under an Indenture dated June&nbsp;1, 1997 by and between the Company and
The Bank of New York Mellon, as trustee (the &#147;Subordinated Indenture Trustee&#148;), as amended and
supplemented (the &#147;Subordinated Debt Indenture&#148;). The Trust Preferred Guarantee is to be issued
pursuant to a Trust Preferred Securities Guarantee Agreement (the &#147;Trust Preferred Securities
Guarantee Agreement&#148;) to
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">be entered into between the Company and The Bank of New York Mellon, as trustee (the &#147;Guarantee Trustee&#148;).
The Senior Notes are to be issued under an Indenture dated February&nbsp;1, 1998 by and between
Consumers and The Bank of New York Mellon, as trustee (the &#147;Senior Note Trustee&#148;), as amended and
supplemented (the &#147;Senior Note Indenture&#148;). The FMBs are to be issued under a Mortgage Indenture
dated as of September&nbsp;1, 1945 by and between Consumers and The Bank of New York Mellon, as trustee
(the &#147;Mortgage Trustee&#148;), as amended and supplemented (the &#147;Mortgage Indenture&#148;). Capitalized
terms not otherwise defined herein have the respective meanings specified in the Registration
Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In rendering this opinion, I have examined and relied upon a copy of the Registration
Statement. I have also examined, or have arranged for the examination by an attorney or attorneys
under my general supervision, originals, or copies of originals certified to my satisfaction, of
such agreements, documents, certificates and other statements of governmental officials and other
instruments, and have examined such questions of law and have satisfied myself as to such matters
of fact, as I have considered relevant and necessary as a basis for this opinion. I have assumed
the authenticity of all documents submitted to me as originals, the genuineness of all signatures,
the legal capacity of all natural persons and the conformity with the original documents of any
copies thereof submitted to me for examination.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I note that the issuance of the Trust Preferred Securities is governed by the laws of the
State of Delaware. Any matters relating to the Trust Preferred Securities that relate to matters of
Delaware law will be opined upon by Sidley Austin LLP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on the foregoing, it is my opinion that:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company is duly incorporated and validly existing under the laws of the
State of Michigan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consumers is duly incorporated and validly existing under the laws of the
State of Michigan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Senior Debt Indenture and the Subordinated Debt Indenture have been duly
authorized, executed and delivered by the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Senior Note Indenture and the Mortgage Indenture have been duly
authorized, executed and delivered by Consumers.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company has the corporate power and authority to authorize and sell the
CMS Energy Common Stock, CMS Energy Preferred Stock, Convertible Preferred Stock, any
Stock Purchase Contract or Stock Purchase Unit and the Senior Debt Securities and the
Subordinated Debt Securities pursuant to the Senior Debt Indenture and the
Subordinated Debt Indenture, respectively.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consumers has the corporate power and authority to authorize and sell the
Senior Notes and FMBs pursuant to the Senior Note Indenture and the Mortgage
Indenture, respectively.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CMS Energy Common Stock will be legally issued, fully paid and
non-assessable when: (i)&nbsp;the Registration Statement shall have become effective under
the Securities Act; (ii)&nbsp;an appropriate prospectus supplement with respect to the CMS
Energy Common Stock shall have been filed with the Commission pursuant to Rule&nbsp;424
under the Securities Act; (iii)&nbsp;the Company&#146;s Board of Directors or a duly authorized
committee thereof shall have duly adopted final resolutions in conformity with the
Company&#146;s Restated Articles of Incorporation (the &#147;Charter&#148;) authorizing the issuance
and sale of the CMS Energy Common Stock; and (iv)&nbsp;certificates representing the CMS
Energy Common Stock shall have been duly executed, countersigned and registered and
duly delivered in accordance with the applicable definitive purchase, underwriting or
similar agreement against payment of the agreed consideration therefor.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CMS Energy Preferred Stock and Convertible Preferred Stock will be
legally issued, fully paid and non-assessable when: (i)&nbsp;the Registration Statement
shall have become effective under the Securities Act; (ii)&nbsp;an appropriate prospectus
supplement with respect to the applicable series of CMS Energy Preferred Stock or
Convertible Preferred Stock, as contemplated by the Registration Statement shall have
been filed with the Commission pursuant to Rule&nbsp;424 under the Securities Act; (iii)
the Company&#146;s Board of Directors or a duly authorized committee thereof shall have
duly adopted final resolutions in conformity with the Charter establishing the
designations, preferences, rights, qualifications, limitations or restrictions of such
series of CMS Energy Preferred Stock or Convertible Preferred Stock and authorizing
the issuance and sale of the CMS Energy Preferred Stock or Convertible Preferred
Stock, as contemplated by the Registration Statement and prospectus supplement
relating thereto; (iv)&nbsp;the Company shall have filed with the Secretary of State of the
State of Michigan a certificate of designations duly executed on behalf of the Company
with respect to such series of CMS Energy Preferred Stock or Convertible Preferred
Stock in conformity with the Charter and such final resolutions; and (v)&nbsp;certificates
representing the CMS Energy Preferred Stock or Convertible Preferred Stock, shall have
been duly executed, countersigned and registered and duly delivered in accordance with
the applicable definitive purchase, underwriting or similar agreement against payment
of the agreed consideration therefor.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Senior Debt Securities and the Subordinated Debt Securities will be
legally issued and binding obligations of the Company enforceable against the Company
in accordance with their terms when: (i)&nbsp;the Registration Statement shall have become
effective under the Securities Act; (ii)&nbsp;in the case of the Senior Debt Securities,
the Senior Debt Indenture shall have been qualified</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>under the Trust Indenture Act of 1939, as amended (the &#147;Trust Indenture Act&#148;) and
in the case of the Subordinated Debt Securities, the Subordinated Debt Indenture
shall have been qualified under the Trust Indenture Act; (iii)&nbsp;an appropriate
prospectus supplement with respect to the particular series of Senior Debt
Securities or Subordinated Debt Securities then being sold by the Company shall
have been filed with the Commission pursuant to Rule&nbsp;424 under the Securities Act;
(iv)&nbsp;the Company&#146;s Board of Directors or duly authorized committee thereof shall
have duly adopted final resolutions authorizing the issuance and sale of the
particular series of Senior Debt Securities or Subordinated Debt Securities, as
contemplated by the Registration Statement and the Senior Debt Indenture or the
Subordinated Debt Indenture, as applicable; (v)&nbsp;the terms of such series of Senior
Debt Securities or Subordinated Debt Securities shall have been established and
approved in accordance with resolutions adopted by the Company&#146;s Board of Directors
or a duly authorized committee thereof, as contemplated by the Registration
Statement and the Senior Debt Indenture or the Subordinated Debt Indenture, as
applicable; and (vi)&nbsp;such series of Senior Debt Securities or Subordinated Debt
Securities shall have been duly executed by the Company and authenticated by the
Senior Indenture Trustee in the case of Senior Debt Securities or the Subordinated
Indenture Trustee in the case of Subordinated Debt Securities as provided in the
Senior Debt Indenture or the Subordinated Debt Indenture, as applicable and such
resolutions and shall have been duly delivered in accordance with the applicable
definitive purchase, underwriting or similar agreement upon payment of the agreed
consideration therefor.</TD>
</TR>


<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Trust Preferred Guarantee will be a legally issued and binding obligation
of the Company enforceable against the Company in accordance with its terms when: (i)
the Registration Statement shall have become effective under the Securities Act; (ii)
the Trust Preferred Guarantee Agreement shall have been qualified under the Trust
Indenture Act; (iii)&nbsp;the Trust Preferred Securities shall have been legally issued;
(iv)&nbsp;the terms of such Trust Preferred Guarantee shall have been established and
approved in accordance with resolutions adopted by the Company&#146;s Board of Directors or
a duly authorized committee thereof, as contemplated by the Registration Statement and
the Trust Preferred Securities Guarantee Agreement; and (v)&nbsp;the Trust Preferred
Securities Guarantee Agreement shall have been duly executed by the Company and the
Guarantee Trustee as contemplated by such resolutions and shall have been duly
delivered in accordance with the applicable definitive purchase, underwriting or
similar agreement upon payment of the agreed consideration therefor.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Stock Purchase Contracts and the Stock Purchase Units, when issued and
sold, will be legally issued and binding obligations of the Company enforceable
against the Company in accordance with their terms when: (i)&nbsp;the Registration
Statement shall have become effective under the Securities Act; (ii)&nbsp;an appropriate
prospectus supplement with respect to the particular Stock</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Purchase Contracts and the particular Stock Purchase Units then being sold by the
Company shall have been filed with the Commission pursuant to Rule&nbsp;424 under the
Securities Act; (iii)&nbsp;the Stock Purchase Contracts under which the shares of CMS
Energy Common Stock are to be purchased shall have been duly authorized, executed
and delivered by the parties thereto; (iv)&nbsp;the Company&#146;s Board of Directors or a
duly authorized committee thereof shall have duly adopted final resolutions in
conformity with the Charter authorizing the execution, delivery, issuance and sale
of such Stock Purchase Contracts and/or Stock Purchase Units; (v)&nbsp;if such Stock
Purchase Contracts and/or Stock Purchase Units relate to the issuance and sale of
CMS Energy Common Stock, the actions described in paragraph 7 above have been
taken; and (vi)&nbsp;if such Stock Purchase Units relate to the issuance and sale of
Senior Debt Securities or Subordinated Debt Securities, the actions described in
paragraph 9 above have been taken.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Senior Notes and FMBs will be legally issued and binding obligations of
Consumers enforceable against Consumers in accordance with their terms when: (i)&nbsp;the
Registration Statement shall have become effective under the Securities Act; (ii)&nbsp;in
the case of the Senior Notes, the Senior Note Indenture shall have been qualified
under the Trust Indenture Act and in the case of the FMBs, the Mortgage Indenture
shall have been qualified under the Trust Indenture Act; (iii)&nbsp;an appropriate
prospectus supplement with respect to the particular series of Senior Notes or FMBs
then being sold by Consumers shall have been filed with the Commission pursuant to
Rule&nbsp;424 under the Securities Act; (iv)&nbsp;Consumers&#146; Board of Directors or duly
authorized committee thereof shall have duly adopted final resolutions authorizing the
issuance and sale of the particular series of Senior Notes or FMBs, as contemplated by
the Registration Statement and the Senior Notes Indenture or the Mortgage Indenture,
as applicable; (v)&nbsp;the terms of such series of Senior Notes or FMBs shall have been
established and approved in accordance with resolutions adopted by Consumers&#146; Board of
Directors or a duly authorized committee thereof, as contemplated by the Registration
Statement and the Senior Note Indenture or the Mortgage Indenture, as applicable; and
(vi)&nbsp;such series of Senior Notes or FMBs shall have been duly executed by Consumers
and authenticated by the Senior Note Trustee in the case of Senior Notes or the
Mortgage Trustee in the case of FMBs as provided in the Senior Note Indenture or the
Mortgage Indenture, as applicable, and such resolutions and shall have been duly
delivered in accordance with the applicable definitive purchase, underwriting or
similar agreement upon payment of the agreed consideration therefor.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The opinions set forth in paragraphs 9, 10, 11 and 12 are qualified to the extent that the
enforcement of the Senior Debt Securities, the Senior Debt Indenture, the Subordinated Debt
Securities, the Subordinated Debt Indenture, the Trust Preferred Guarantee, the Stock Purchase
Contracts, the Stock Purchase Units, the Senior Notes, the Senior Note Indenture, the FMBs or the
Mortgage Indenture may be limited by applicable bankruptcy, insolvency,
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">reorganization, moratorium, fraudulent transfer or other similar laws affecting the enforcement of
creditors&#146; rights generally and by the effect of general principles of equity, regardless of
whether enforceability is considered in a proceeding in equity or at law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the purposes of this opinion, I have assumed that, at the time of the issuance, sale and
delivery of the relevant Securities: (i)&nbsp;any Securities being offered will be issued and sold as
contemplated in the Registration Statement or the prospectus supplement relating thereto; (ii)&nbsp;the
terms of any Security (other than Common Stock) will not violate any applicable law or result in a
default under or breach of any agreement or instrument binding upon the Company or Consumers, as
applicable, and will comply with any requirements or restrictions imposed by any court or
governmental body having jurisdiction over the Company or Consumers, as applicable; (iii)&nbsp;the
authorization thereof by the Company and Consumers will not have been modified or rescinded, and
there will not have occurred any change in law affecting the validity, legally binding character or
enforceability thereof; (iv)&nbsp;in the case of the issue of Senior Debt Securities, Subordinated Debt
Securities, Senior Notes or FMBs, the Senior Debt Indenture, the Subordinated Debt Indenture, the
Senior Note Indenture or the Mortgage Indenture, as applicable, as such indenture is currently in
effect, will not have been modified or amended; and (vii)&nbsp;the Charter and the bylaws of the Company
and Consumers, as currently in effect, will not have been modified or amended and will be in full
force and effect. With respect to any instrument or agreement executed or to be executed by any
party, I have assumed, to the extent relevant to the opinions set forth herein, that (i)&nbsp;such party
(if not a natural person) has been duly formed or organized and is validly existing and in good
standing under the laws of its jurisdiction of formation or organization and (ii)&nbsp;such party has
full right, power and authority to execute, deliver and perform its obligations under each
instrument or agreement to which it is a party and each such instrument or agreement has been duly
authorized (if applicable), executed and delivered by, and is a valid, binding and enforceable
agreement or obligation, as the case may be, of such party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I do not find it necessary for the purposes of this opinion to cover, and accordingly I
express no opinion as to, the application of the securities or blue sky laws of the various states
to the execution and delivery of the Trust Preferred Guarantee or the sale of the Securities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I am a member of the bar of the State of Michigan and I express no opinion as to the laws of
any jurisdiction other than the State of Michigan and the federal law of the United States of
America. I note that the rights, duties and obligations of the Subordinated Indenture Trustee under
the Subordinated Debt Indenture are stated to be governed and construed in accordance with the laws
of the State of New York. However, for purposes of paragraph 9 above, I have assumed that the
Subordinated Debt Indenture, as to the rights, duties and obligations of the Subordinated Indenture
Trustee, is stated to be governed by the laws of the State of Michigan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby consent to the filing of this opinion as an exhibit to the Company&#146;s and Consumers&#146;
Registration Statement on Form S-3 relating to the Securities and to all references to me included
in or made a part of the Registration Statement.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Very truly yours,<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">/S/ Shelley J. Ruckman
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.2
<SEQUENCE>3
<FILENAME>k35263exv5w2.htm
<DESCRIPTION>EX-5.2
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-5.2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXHIBIT&nbsp;5.2
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><IMG src="k35263k3526303.gif" alt="(SIDLEY LOGO)">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SIDLEY AUSTIN
<FONT style="font-variant: SMALL-CAPS">llp</FONT><BR>
ONE SOUTH DEARBORN<BR>
CHICAGO, IL 60603<BR>
(312)&nbsp;853 7000<BR>
(312)&nbsp;853 7036 FAX<BR>
</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>

<TD align="left" valign="top"><div style="margin-left:5px">BEIJING<BR>
BRUSSELS<BR>
CHICAGO<BR>
DALLAS<BR>
FRANKFURT<BR>
GENEVA<BR>
HONG KONG<BR>
LONDON<BR>
</div></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">LOS ANGELES<BR>
NEW YORK<BR>
SAN FRANCISCO<BR>
SHANGHAI<BR>
SINGAPORE<BR>
SYDNEY<BR>
TOKYO<BR>
WASHINGTON, D.C.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><div style="margin-left:5px">FOUNDED 1866</div></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">September&nbsp;5, 2008
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">CMS Energy Corporation<BR>
CMS Energy Trust IV<BR>
CMS Energy Trust V<BR>
One Energy Plaza<BR>
Jackson, MI 49201

</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>CMS Energy Corporation<br>
CMS Energy Trust IV<br>
CMS Energy Trust V<br>
<U>Registration Statement on Form&nbsp;S-3</U></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Ladies and Gentlemen:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have acted as special counsel to CMS Energy Trust IV and CMS Energy Trust V (each a &#147;CMS
Trust&#148; and, together, the &#147;CMS Trusts&#148;), each a statutory trust existing under the Statutory Trust
Act of the State of Delaware, in connection with the preparation of a Registration Statement on
Form S-3 (the &#147;Registration Statement&#148;), to be filed on the date hereof by CMS Energy Corporation,
a Michigan corporation (the &#147;Company&#148;), Consumers Energy Company, and the CMS Trusts with the
Securities and Exchange Commission (the &#147;Commission&#148;). The Registration Statement relates to,
among other things, the issuance and sale from time to time pursuant to Rule&nbsp;415 of the General
Rules and Regulations promulgated under the Securities Act of 1933, as amended (the &#147;Act&#148;), of the
trust preferred securities (the &#147;Preferred Securities&#148;) of each of the CMS Trusts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Preferred Securities of each CMS Trust are to be issued pursuant to the Amended and
Restated Trust Agreement of such CMS Trust (each a &#147;Trust Agreement&#148; and, collectively, the &#147;Trust
Agreements&#148;), each such Trust Agreement being among the Company, as sponsor, The Bank of New York
Mellon, as property trustee (the &#147;Property Trustee&#148;), The Bank of New York Mellon (Delaware), as
Delaware trustee, and Alan M. Wright, an individual, and Thomas A. McNish, an individual, as
administrative trustees.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This opinion letter is being delivered in accordance with the requirements of Item&nbsp;601(b)(5)
of Regulation&nbsp;S-K under the Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with this opinion letter, we have examined originals or copies, certified or
otherwise identified to our satisfaction, of (i)&nbsp;the form of Registration Statement; (ii)&nbsp;the
certificates of trust of each of the CMS Trusts (the &#147;Certificates of Trust&#148;) as filed with the
</DIV>

<DIV align="center" style="font-size: 8pt; margin-top: 18pt">Sidley Austin <FONT style="font-variant: SMALL-CAPS">llp</FONT> is a limited liability partnership practicing in affiliation with other Sidley Austin partnerships
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="k35263k3526304.gif" alt="(SIDLEY LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">September&nbsp;5, 2008<BR>
Page 2

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Secretary of State of the State of Delaware on December&nbsp;1, 2000; (iii)&nbsp;the form of the Trust
Agreement of each of the CMS Trusts (including the designation of the terms of the Preferred
Securities annexed thereto) to be included as exhibits to the Registration Statement; (iv)&nbsp;the form
of the Preferred Securities of each of the CMS Trusts and (v)&nbsp;certain resolutions of the Board of
Directors of the Company. We have also examined originals or copies, certified or otherwise
identified to our satisfaction, of such other documents, certificates and records as we have deemed
necessary or appropriate as a basis for the opinions set forth herein.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In our examination, we have assumed the legal capacity of all natural persons, the genuineness
of all signatures, the authenticity of all documents submitted to us as originals, the conformity
to original documents of all documents submitted to us as certified, conformed, photostatic,
electronic or facsimile copies and the authenticity of the originals of such copies. In making
our examination of executed documents or documents to be executed, we have assumed that the parties
thereto, other than the CMS Trusts, had or will have the power, corporate or other, to enter into
and perform all obligations thereunder and have also assumed the due authorization by all requisite
action, corporate or other, and execution and delivery by such parties of such documents and that
such documents constitute valid and binding obligations of such parties. We have also assumed that
the Trust Agreement of each CMS Trust, and the Preferred Securities of each CMS Trust, will be
executed in substantially the form reviewed by us. In addition, we have assumed that the terms of
the Offered Preferred Securities (as defined below) will have been established so as not to
violate, conflict with or constitute a default under (i)&nbsp;any agreement or instrument to which the
Company or any of the CMS Trusts or their respective property is subject; (ii)&nbsp;any law, rule, or
regulation to which the Company or any of the CMS Trusts is subject; (iii)&nbsp;any judicial or
administrative order or decree of any governmental authority or (iv)&nbsp;any consent, approval,
license, authorization or validation of, or filing, recording or registration with, any
governmental authority. As to any facts material to the opinions expressed herein that were not
independently established or verified, we have relied upon oral or written statements and
representations of officers, trustees and other representatives of the Company, the CMS Trusts and
others.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We do not express any opinion as to the laws of any jurisdiction other than the Statutory
Trust Act of the State of Delaware. The Offered Preferred Securities may be issued from time to
time on a continuous basis, and this opinion letter is limited to the Statutory Trust Act of the
State of Delaware as in effect on the date hereof, which law is subject to change with possible
retroactive effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on and subject to the foregoing and to the other qualifications and limitations set
forth herein, we are of the opinion that the Preferred Securities of each CMS Trust to be offered
pursuant to the Registration Statement (the &#147;Offered Preferred Securities&#148;), when (i)&nbsp;the
Registration Statement, as finally amended (including all necessary post-effective amendments), has
become effective under the Act; (ii)&nbsp;an appropriate prospectus with respect to the Offered
Preferred Securities has been prepared, delivered and filed in compliance with the Act and the
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="k35263k3526304.gif" alt="(SIDLEY LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">September&nbsp;5, 2008<BR>
Page 3

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">applicable rules and regulations thereunder; (iii)&nbsp;the Trust Agreement of such CMS Trust has been
duly executed and delivered by the parties thereto; (iv)&nbsp;the terms of the Offered Preferred
Securities have been established in accordance with the Trust Agreement of such CMS Trust; (v)&nbsp;the
Offered Preferred Securities have been issued, executed and authenticated in accordance with the
Trust Agreement of such CMS Trust, and delivered and paid for in the manner contemplated in the
Registration Statement or any prospectus relating thereto and (vi)&nbsp;if the Offered Preferred
Securities are to be sold pursuant to a firm commitment underwritten offering, the underwriting
agreement with respect to the Offered Preferred Securities has been duly authorized, executed and
delivered by the applicable CMS Trust and the other parties thereto, the Offered Preferred
Securities will be duly authorized for issuance and will be validly issued, fully paid and
nonassessable, representing undivided beneficial interests in the assets of such CMS Trust. We
note, however, that the holders of the Offered Preferred Securities may be obligated, pursuant to
the Trust Agreement of such CMS Trust, to (i)&nbsp;provide indemnity and/or security in connection with,
and pay taxes or governmental charges arising from, transfers of Offered Preferred Securities and
(ii)&nbsp;provide security and indemnity in connection with the requests of, or directions to, the
Property Trustee of such CMS Trust to exercise its rights and powers under the Trust Agreement of
such CMS Trust.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hereby consent to the filing of this opinion letter with the Commission as an exhibit to
the Registration Statement. We also consent to the use of our name under the heading &#147;Legal
Opinions&#148; in the base prospectus included in the Registration Statement. In giving this consent,
we do not hereby admit that we are within the category of persons whose consent is required under
Section&nbsp;7 of the Act or the rules and regulations of the Commission promulgated thereunder. This
opinion letter is delivered as of the date hereof and we disclaim any undertaking to advise you of
any subsequent changes of the facts stated or assumed herein or of any subsequent changes in
applicable law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%">Very truly yours,

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%">/s/
Sidley Austin LLP

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.3
<SEQUENCE>4
<FILENAME>k35263exv23w3.htm
<DESCRIPTION>EX-23.3
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-23.3</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 23.3</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U>CONSENT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 of
our report dated February&nbsp;20, 2008 relating to the financial statements, financial statement
schedule and the effectiveness of internal control over financial reporting, which appears in CMS
Energy Corporation&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2007. We also
consent to the reference to us under the heading &#147;Experts&#148; in such Registration Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/ PricewaterhouseCoopers LLP
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Detroit, Michigan<BR>
September&nbsp;5, 2008

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.4
<SEQUENCE>5
<FILENAME>k35263exv23w4.htm
<DESCRIPTION>EX-23.4
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-23.4</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;23.4
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Consent of Independent Registered Public Accounting Firm
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We consent to the reference to our firm under the caption &#147;Experts&#148; in this Registration Statement
(Form S-3) and related Prospectus of CMS Energy Corporation for the registration of common stock,
preferred stock, debt securities, stock purchase contracts, stock purchase units and guarantees and
to the incorporation by reference therein of our report dated February&nbsp;21, 2007 (except for
&#147;Discontinued Operations&#148; in Note 2, as to which the date is February&nbsp;20, 2008) with respect to the
consolidated financial statements and schedules of CMS Energy Corporation for the years ended
December&nbsp;31, 2006 and 2005 included in its Annual Report (Form 10-K) for the year ended December
31, 2007, filed with the Securities and Exchange Commission.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 50%">/s/ Ernst &#038; Young LLP

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Detroit, Michigan<BR>
September&nbsp;5, 2008
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.5
<SEQUENCE>6
<FILENAME>k35263exv23w5.htm
<DESCRIPTION>EX-23.5
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-23.5</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;23.5
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Consent of Independent Registered Public Accounting Firm
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We consent to the reference to our firm under the caption &#147;Experts&#148; in this Registration Statement
(Form S-3) and related Prospectus of Consumers Energy Company for the registration of senior notes
and first mortgage bonds and to the incorporation by reference therein of our report dated February
21, 2007, with respect to the consolidated financial statements and schedule of Consumers Energy
Company for the years ended December&nbsp;31, 2006 and 2005 included in its Annual Report (Form 10-K)
for the year ended December&nbsp;31, 2007, filed with the Securities and Exchange Commission.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 50%">/s/ Ernst &#038; Young LLP

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Detroit, Michigan<BR>
September&nbsp;5, 2008
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.6
<SEQUENCE>7
<FILENAME>k35263exv23w6.htm
<DESCRIPTION>EX-23.6
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-23.6</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 23.6</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 of
our report dated February&nbsp;20, 2008 relating to the financial statements, financial statement
schedule and the effectiveness of internal control over financial reporting, which appears in
Consumers Energy Company&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2007. We also
consent to the reference to us under the heading &#147;Experts&#148; in such Registration Statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/ PricewaterhouseCoopers LLP
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Detroit, Michigan<BR>
September&nbsp;5, 2008

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.7
<SEQUENCE>8
<FILENAME>k35263exv23w7.htm
<DESCRIPTION>EX-23.7
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-23.7</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif; width: 90%; margin-left: 10%">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><b>EXHIBIT 23.7</b>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 36pt"><U>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 18pt">We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 of
CMS Energy Corporation of our report dated February&nbsp;19, 2007 relating to the financial statements
of Midland Cogeneration Venture L.P., which appears in CMS Energy Corporation&#146;s Annual Report on
Form 10-K for the year ended December&nbsp;31, 2007. We also consent
to the references to us under the
heading &#147;Experts&#148; in such Registration Statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/ PricewaterhouseCoopers LLP<BR>
Detroit, Michigan<BR>
September <I>5, </I>2008

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.8
<SEQUENCE>9
<FILENAME>k35263exv23w8.htm
<DESCRIPTION>EX-23.8
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-23.8</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif; width: 90%; margin-left: 10%">
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><b>EXHIBIT 23.8</b>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 36pt"><U>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 18pt">We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 of
Consumers Energy Company of our report dated February&nbsp;19, 2007 relating to the financial statements
of Midland Cogeneration Venture L. P., which appears in Consumers Energy Company&#146;s Annual Report on
Form 10-K for the year ended December&nbsp;31, 2007. We also consent
to the references to us under the
heading &#147;Experts&#148; in such Registration Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;<BR>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/ PricewaterhouseCoopers LLP<BR>
Detroit, Michigan<BR>
September&nbsp;5, 2008

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.1
<SEQUENCE>10
<FILENAME>k35263exv24w1.htm
<DESCRIPTION>EX-24.1
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-24.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

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


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXHIBIT 24.1
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><IMG src="k35263k3526301.gif" alt="(CMS ENERGY LOGO)"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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 style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR><TR><TD>&nbsp;</td></tr>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>An Integrated Energy Company</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>One Energy Plaza<BR>
Jackson, MI 49201-2276</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Tel: 517 788 0550<BR>
www.cmsenergy.com</I></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">March&nbsp;28, 2008
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;James E. Brunner <BR>Mrs.
Catherine M. Reynolds <BR>Mr.
Thomas J. Webb <BR>CMS Energy
Corporation <BR>One Energy
Plaza <BR>Jackson, MI 49201

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We hereby appoint each of you lawful attorney for each of us and in each of our names to
sign and cause to be filed with the Securities and Exchange Commission registration
statement(s) and/or any amendment(s) thereto, including post-effective amendment(s), to
be accompanied in each case by a prospectus or supplemental prospectus and any necessary
exhibits with respect to the issue and sale of debt, equity, trust or convertible
securities of the Corporation (plus an additional 20% for the purpose of covering
underwriters&#146; over-allotments, price adjustments, or sale of additional securities,
which includes allowance for conversions from convertible securities).
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Very truly yours,</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">/s/ Kenneth Whipple

</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">/s/ Philip R. Lochner, Jr.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" colspan="2" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" colspan="2" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">Kenneth Whipple
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">Philip R. Lochner, Jr.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">/s/ Merribel S. Ayres
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">/s/ Michael T. Monahan</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" colspan="2" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" colspan="2" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">Merribel S. Ayres
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" colspan="2" valign="top">Michael T. Monahan</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">/s/ Jon E. Barfield
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">/s/ Joseph F. Paquette, Jr.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000" colspan="2">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">Jon E. Barfield
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">Joseph F. Paquette, Jr.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">/s/ Richard M. Gabrys
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">/s/ Percy A. Pierre</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000" colspan="2">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">Richard M. Gabrys
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">Percy A. Pierre</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">/s/ David W. Joos
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">/s/ Kenneth L. Way</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000" colspan="2">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">David W. Joos
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">Kenneth L. Way</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="center" colspan="3"><DIV style="margin-left:0px; text-indent:-0px">/s/ John B. Yasinsky</DIV></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="center" colspan="3" style="border-top: 1px solid #000000">John B. Yasinsky</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.2
<SEQUENCE>11
<FILENAME>k35263exv24w2.htm
<DESCRIPTION>EX-24.2
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-24.2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

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


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXHIBIT 24.2
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><IMG src="k35263k3526302.gif" alt="(CONSUMERS ENERGY LOGO)"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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 style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR><TR><TD>&nbsp;</td></tr>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>A CMS Energy Company</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>One Energy Plaza<BR>
Jackson, MI 49201-2276</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Tel: 517 788 0550<BR>
www.cmsenergy.com</I></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</div>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">March&nbsp;28, 2008
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;James E. Brunner <BR>Mrs.
Catherine M. Reynolds <BR>Mr.&nbsp;Thomas
J. Webb <BR>Consumers Energy Company<BR>
One Energy Plaza <BR>Jackson, MI 49201

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We hereby appoint each of you lawful attorney for each of us and in each of our names to sign
and cause to be filed with the Securities and Exchange Commission registration statement(s)
and/or any amendment(s) thereto, including post-effective amendment(s), to be accompanied in
each case by a prospectus or supplemental prospectus and any necessary exhibits with respect to
the issue and sale of secured and/or unsecured securities for general corporate purposes.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Very truly yours,</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">/s/ Kenneth Whipple

</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">/s/ Philip R. Lochner, Jr.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" colspan="2" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" colspan="2" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">Kenneth Whipple
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">Philip R. Lochner, Jr.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">/s/ Merribel S. Ayres
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">/s/ Michael T. Monahan</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" colspan="2" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" colspan="2" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">Merribel S. Ayres
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" colspan="2" valign="top">Michael T. Monahan</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">/s/ Jon E. Barfield
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">/s/ Joseph F. Paquette, Jr.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000" colspan="2">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">Jon E. Barfield
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">Joseph F. Paquette, Jr.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">/s/ Richard M. Gabrys
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">/s/ Percy A. Pierre</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000" colspan="2">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">Richard M. Gabrys
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">Percy A. Pierre</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">/s/ David W. Joos
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">/s/ Kenneth L. Way</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000" colspan="2">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="2"><DIV style="margin-left:0px; text-indent:-0px">David W. Joos
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">Kenneth L. Way</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="center" colspan="3"><DIV style="margin-left:0px; text-indent:-0px">/s/ John B. Yasinsky</DIV></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="center" colspan="3" style="border-top: 1px solid #000000">John B. Yasinsky</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-25.1
<SEQUENCE>12
<FILENAME>k35263exv25w1.htm
<DESCRIPTION>EX-25.1
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-25.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXHIBIT 25.1<br>

</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 6pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM T-1</B>
</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>STATEMENT OF ELIGIBILITY<BR>
UNDER THE TRUST INDENTURE ACT OF 1939 OF A<BR>
CORPORATION DESIGNATED TO ACT AS TRUSTEE</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CHECK IF AN APPLICATION TO DETERMINE<BR>
ELIGIBILITY OF A TRUSTEE PURSUANT TO<BR>
SECTION 305(b)(2) <FONT face="Wingdings">&#111;</FONT></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B><DIV align="center">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV><br>

THE BANK OF NEW YORK MELLON</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of trustee as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">New York
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">13-5160382</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State of incorporation <BR>
if not a U.S. national bank)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. employer<BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Wall Street, New York, N.Y.<BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">10286<BR>
(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>CMS Energy Corporation</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of obligor as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Michigan
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">38-2726431</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of <BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. employer<BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Energy Plaza <BR>
Jackson, Michigan<BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">49201<BR>
(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Senior Debt Securities<BR>
(Title of the indenture securities)
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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








<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>General information. Furnish the following information as to the Trustee:</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Name and address of each examining or supervising authority to which it is
subject.</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="92%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>


<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Name</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Address</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->

<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Superintendent of Banks of the State
of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">One State Street, New
York, N.Y. 10004-1417,
and Albany, N.Y. 12223</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Reserve Bank of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33 Liberty Street, New
York, N.Y. 10045</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Deposit Insurance Corporation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Washington, D.C. 20429</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">New York Clearing House Association
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New York, New York 10005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Whether it is authorized to exercise corporate trust powers.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Yes.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Affiliations with Obligor.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>If the obligor is an affiliate of the trustee, describe each such affiliation.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>None.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>16.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>List of Exhibits.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Exhibits identified in parentheses below, on file with the Commission, are incorporated
herein by reference as an exhibit hereto, pursuant to Rule&nbsp;7a-29 under the Trust Indenture
Act of 1939 (the &#147;Act&#148;) and 17 C.F.R. 229.</B><B>10(d)</B><B>.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the Organization Certificate of The Bank of New York Mellon
(formerly known as The Bank of New York, itself formerly Irving Trust Company) as now
in effect, which contains the authority to commence business and a grant of powers to
exercise corporate trust powers. (Exhibit&nbsp;1 to Amendment No.&nbsp;1 to Form T-1 filed with
Registration Statement No.&nbsp;33-6215, Exhibits 1a and 1b to Form T-1 filed with
Registration Statement No.&nbsp;33-21672, Exhibit&nbsp;1 to Form T-1 filed with Registration
Statement No.&nbsp;33-29637 and Exhibit&nbsp;1 to Form T-1 filed with Registration Statement No.
333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the existing By-laws of the Trustee. (Exhibit&nbsp;4 to Form T-1 filed
with Registration Statement No.&nbsp;333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The consent of the Trustee required by Section 321(b) of the Act. (Exhibit&nbsp;6
to Form T-1 filed with Registration Statement No.&nbsp;333-106702.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the latest report of condition of the Trustee published pursuant to
law or to the requirements of its supervising or examining authority.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->-2-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, a
corporation organized and existing under the laws of the State of New York, has duly caused this
statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized,
all in The City of New York, and State of New York, on the 29th day of August, 2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">THE BANK OF NEW YORK MELLON<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/S/      Laurence J. O&#146;Brien
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Laurence J. O&#146;Brien&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">VICE PRESIDENT&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->-3-<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-25.2
<SEQUENCE>13
<FILENAME>k35263exv25w2.htm
<DESCRIPTION>EX-25.2
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-25.2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXHIBIT&nbsp;25.2
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 6pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM T-1</B>
</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>STATEMENT OF ELIGIBILITY<BR>
UNDER THE TRUST INDENTURE ACT OF 1939 OF A<BR>
CORPORATION DESIGNATED TO ACT AS TRUSTEE</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CHECK IF AN APPLICATION TO DETERMINE<BR>
ELIGIBILITY OF A TRUSTEE PURSUANT TO<BR>
SECTION 305(b)(2)  <FONT face="Wingdings">&#111;</FONT></B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>THE BANK OF NEW YORK MELLON</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of trustee as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">New York
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">13-5160382</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State of incorporation <BR>
if not a U.S. national bank)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. employer <BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Wall Street, New York, N.Y.<BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10286<BR>
(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>CMS Energy Corporation</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of obligor as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Michigan<BR>
(State or other jurisdiction of <BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">38-2726431<BR>
(I.R.S. employer <BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Energy Plaza</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">Jackson, Michigan
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">49201</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Senior Convertible Debt Securities<BR>
(Title of the indenture securities)</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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








<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>General information. Furnish the following information as to the Trustee:</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Name and address of each examining or supervising authority to which it is
subject.</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="92%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center">Name</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Address</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Superintendent of Banks of the State
of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">One State Street, New
York, N.Y.
10004-1417,
and Albany, N.Y.
12223</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Reserve Bank of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33 Liberty Street, New
York, N.Y. 10045</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Deposit Insurance Corporation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Washington, D.C. 20429</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">New York Clearing House Association
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New York, New York 10005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Whether it is authorized to exercise corporate trust powers.</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes.
</DIV>

<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Affiliations with Obligor.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>If the obligor is an affiliate of the trustee, describe each such affiliation.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>None.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>16.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>List of Exhibits.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Exhibits identified in parentheses below, on file with the Commission, are incorporated
herein by reference as an exhibit hereto, pursuant to Rule&nbsp;7a-29 under the Trust Indenture
Act of 1939 (the &#147;Act&#148;) and 17 C.F.R. 229.</B><B>10(d)</B><B>.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the Organization Certificate of The Bank of New York Mellon
(formerly known as The Bank of New York, itself formerly Irving Trust Company) as now
in effect, which contains the authority to commence business and a grant of powers to
exercise corporate trust powers. (Exhibit&nbsp;1 to Amendment No.&nbsp;1 to Form T-1 filed with
Registration Statement No.&nbsp;33-6215, Exhibits 1a and 1b to Form T-1 filed with
Registration Statement No.&nbsp;33-21672, Exhibit&nbsp;1 to Form T-1 filed with Registration
Statement No.&nbsp;33-29637 and Exhibit&nbsp;1 to Form T-1 filed with Registration Statement No.
333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the existing By-laws of the Trustee. (Exhibit&nbsp;4 to Form T-1 filed
with Registration Statement No.&nbsp;333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The consent of the Trustee required by Section 321(b) of the Act. (Exhibit&nbsp;6
to Form T-1 filed with Registration Statement No.&nbsp;333-106702.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the latest report of condition of the Trustee published pursuant to
law or to the requirements of its supervising or examining authority.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->-2-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, a
corporation organized and existing under the laws of the State of New York, has duly caused this
statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized,
all in The City of New York, and State of New York, on the 29th day of August, 2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">THE BANK OF NEW YORK MELLON<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/S/      Laurence J. O&#146;Brien
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Laurence J. O&#146;Brien&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">VICE PRESIDENT&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->-3-<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-25.3
<SEQUENCE>14
<FILENAME>k35263exv25w3.htm
<DESCRIPTION>EX-25.3
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-25.3</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXHIBIT 25.3
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 6pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM T-1</B>
</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>STATEMENT OF ELIGIBILITY<BR>
UNDER THE TRUST INDENTURE ACT OF 1939 OF A<BR>
CORPORATION DESIGNATED TO ACT AS TRUSTEE</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CHECK IF AN APPLICATION TO DETERMINE<BR>
ELIGIBILITY OF A TRUSTEE PURSUANT TO<BR>
SECTION 305(b)(2) <FONT face="Wingdings">&#111;</FONT></B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>THE BANK OF NEW YORK MELLON</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of trustee as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">New York
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">13-5160382</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State of incorporation <BR>
if not a U.S. national bank)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. employer<BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Wall Street, New York, N.Y.
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10286</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>CMS Energy Corporation</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of obligor as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Michigan
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">38-2726431</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of <BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. employer<BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Energy Plaza <BR>
Jackson, Michigan
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">49201</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Subordinate Debt Securities<BR>
(Title of the indenture securities)</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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








<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>General information. Furnish the following information as to the Trustee:</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Name and address of each examining or supervising authority to which it is
subject.</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="92%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center">Name</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Address</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Superintendent of Banks of the State
of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">One State Street, New York, N.Y.
10004-1417, and Albany, N.Y.
12223</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Reserve Bank of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33 Liberty Street, New York, N.Y.
10045</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Deposit Insurance Corporation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Washington, D.C. 20429</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">New York Clearing House Association
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New York, New York 10005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Whether it is authorized to exercise corporate trust powers.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;Yes.
</DIV>

<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Affiliations with Obligor.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>If the obligor is an affiliate of the trustee, describe each such affiliation.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>None.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>16.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>List of Exhibits.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Exhibits identified in parentheses below, on file with the Commission, are incorporated
herein by reference as an exhibit hereto, pursuant to Rule&nbsp;7a-29 under the Trust Indenture
Act of 1939 (the &#147;Act&#148;) and 17 C.F.R. 229.</B><B>10(d)</B><B>.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the Organization Certificate of The Bank of New York Mellon
(formerly known as The Bank of New York, itself formerly Irving Trust Company) as now
in effect, which contains the authority to commence business and a grant of powers to
exercise corporate trust powers. (Exhibit&nbsp;1 to Amendment No.&nbsp;1 to Form T-1 filed with
Registration Statement No.&nbsp;33-6215, Exhibits 1a and 1b to Form T-1 filed with
Registration Statement No.&nbsp;33-21672, Exhibit&nbsp;1 to Form T-1 filed with Registration
Statement No.&nbsp;33-29637 and Exhibit&nbsp;1 to Form T-1 filed with Registration Statement No.
333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the existing By-laws of the Trustee. (Exhibit&nbsp;4 to Form T-1 filed
with Registration Statement No.&nbsp;333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The consent of the Trustee required by Section 321(b) of the Act. (Exhibit&nbsp;6
to Form T-1 filed with Registration Statement No.&nbsp;333-106702.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the latest report of condition of the Trustee published pursuant to
law or to the requirements of its supervising or examining authority.</TD>
</TR>


</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->-2-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, a
corporation organized and existing under the laws of the State of New York, has duly caused this
statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized,
all in The City of New York, and State of New York, on the 29th day of August, 2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">THE BANK OF NEW YORK MELLON<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/S/ Laurence J. O&#146;Brien
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Laurence J. O&#146;Brien&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">VICE PRESIDENT&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->-3-<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-25.4
<SEQUENCE>15
<FILENAME>k35263exv25w4.htm
<DESCRIPTION>EX-25.4
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-25.4</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXHIBIT 25.4
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM T-1</B>
</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>STATEMENT OF ELIGIBILITY<BR>
UNDER THE TRUST INDENTURE ACT OF 1939 OF A<BR>
CORPORATION DESIGNATED TO ACT AS TRUSTEE</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CHECK IF AN APPLICATION TO DETERMINE<BR>
ELIGIBILITY OF A TRUSTEE PURSUANT TO<BR>
SECTION 305(b)(2) <FONT face="Wingdings">&#111;</FONT></B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>THE BANK OF NEW YORK MELLON</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of trustee as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">New York<BR>
(State of incorporation <BR>
if not a U.S. national bank)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">13-5160382<BR>
(I.R.S. employer<BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Wall Street, New York, N.Y.<BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10286<BR>
(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><b>CMS Energy Trust IV</b>
</DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 0pt">
(Exact name of obligor as specified in its charter)</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Delaware<BR>
(State or other jurisdiction of <BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">52-7191266<BR>
(I.R.S. employer<BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Energy Plaza <BR>
Jackson, Michigan<BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">49201<BR>
(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Trust Preferred Securities<BR>
(Title of the indenture securities)
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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








<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>General information. Furnish the following information as to the Trustee:</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Name and address of each examining or supervising authority to which it is
subject.</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="92%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center">Name</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Address</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Superintendent of Banks of the State
of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">One State Street, New
York, N.Y. 10004-1417,
and Albany, N.Y. 12223</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Reserve Bank of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33 Liberty Street, New
York, N.Y. 10045</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Deposit Insurance Corporation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Washington, D.C. 20429</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">New York Clearing House Association
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New York, New York 10005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Whether it is authorized to exercise corporate trust powers.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Yes.</TD>
</TR>

<TR>
    <TD style="font-size: 12pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Affiliations with Obligor.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>If the obligor is an affiliate of the trustee, describe each such affiliation.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>None.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>16.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>List of Exhibits.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Exhibits identified in parentheses below, on file with the Commission, are incorporated
herein by reference as an exhibit hereto, pursuant to Rule&nbsp;7a-29 under the Trust Indenture
Act of 1939 (the &#147;Act&#148;) and 17 C.F.R. 229.</B><B>10(d)</B><B>.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the Organization Certificate of The Bank of New York Mellon
(formerly known as The Bank of New York, itself formerly Irving Trust Company) as now
in effect, which contains the authority to commence business and a grant of powers to
exercise corporate trust powers. (Exhibit&nbsp;1 to Amendment No.&nbsp;1 to Form T-1 filed with
Registration Statement No.&nbsp;33-6215, Exhibits 1a and 1b to Form T-1 filed with
Registration Statement No.&nbsp;33-21672, Exhibit&nbsp;1 to Form T-1 filed with Registration
Statement No.&nbsp;33-29637 and Exhibit&nbsp;1 to Form T-1 filed with Registration Statement No.
333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the existing By-laws of the Trustee. (Exhibit&nbsp;4 to Form T-1 filed
with Registration Statement No.&nbsp;333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The consent of the Trustee required by Section 321(b) of the Act. (Exhibit&nbsp;6
to Form T-1 filed with Registration Statement No.&nbsp;333-106702.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the latest report of condition of the Trustee published pursuant to
law or to the requirements of its supervising or examining authority.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->-2-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, a
corporation organized and existing under the laws of the State of New York, has duly caused this
statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized,
all in The City of New York, and State of New York, on the 29th day of August, 2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">THE BANK OF NEW YORK MELLON<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/S/ Laurence J. O&#146;Brien
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Laurence J. O&#146;Brien&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">VICE PRESIDENT&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->-3-<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-25.5
<SEQUENCE>16
<FILENAME>k35263exv25w5.htm
<DESCRIPTION>EX-25.5
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-25.5</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="width: 100%; border-bottom: 0pt solid black; font-size: 10pt">EXHIBIT 25.5</DIV>

<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 6pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM T-1</B>
</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>STATEMENT OF ELIGIBILITY<BR>
UNDER THE TRUST INDENTURE ACT OF 1939 OF A<BR>
CORPORATION DESIGNATED TO ACT AS TRUSTEE</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CHECK IF AN APPLICATION TO DETERMINE<BR>
ELIGIBILITY OF A TRUSTEE PURSUANT TO<BR>
SECTION 305(b)(2) <FONT face="Wingdings">&#111;</FONT></B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>THE BANK OF NEW YORK MELLON</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of trustee as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">New York
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">13-5160382</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State of incorporation
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. employer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">if not a U.S. national bank)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Wall Street, New York, N.Y.
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10286</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>CMS Energy Corporation</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of obligor as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Michigan
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">38-2726431</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. employer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Energy Plaza</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">Jackson, Michigan
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">49201</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Trust Preferred Securities Guarantee (CMS Energy Corporation Trust IV)<BR>
(Title of the indenture securities)</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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








<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>General information. Furnish the following information as to the Trustee:</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Name and address of each examining or supervising authority to which it is
subject.</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="92%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center">Name</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Address</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Superintendent of Banks of the State
of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">One State Street, New
York, N.Y. 10004-1417,
and Albany, N.Y. 12223</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Reserve Bank of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33 Liberty Street, New
York, N.Y. 10045</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Deposit Insurance Corporation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Washington, D.C. 20429</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">New York Clearing House Association
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New York, New York 10005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Whether it is authorized to exercise corporate trust powers.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Yes.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Affiliations with Obligor.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>If the obligor is an affiliate of the trustee, describe each such affiliation.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>None.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>16.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>List of Exhibits.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Exhibits identified in parentheses below, on file with the Commission, are incorporated
herein by reference as an exhibit hereto, pursuant to Rule&nbsp;7a-29 under the Trust Indenture
Act of 1939 (the &#147;Act&#148;) and 17 C.F.R. 229.</B><B>10(d)</B><B>.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the Organization Certificate of The Bank of New York Mellon
(formerly known as The Bank of New York, itself formerly Irving Trust Company) as now
in effect, which contains the authority to commence business and a grant of powers to
exercise corporate trust powers. (Exhibit&nbsp;1 to Amendment No.&nbsp;1 to Form T-1 filed with
Registration Statement No.&nbsp;33-6215, Exhibits 1a and 1b to Form T-1 filed with
Registration Statement No.&nbsp;33-21672, Exhibit&nbsp;1 to Form T-1 filed with Registration
Statement No.&nbsp;33-29637 and Exhibit&nbsp;1 to Form T-1 filed with Registration Statement No.
333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the existing By-laws of the Trustee. (Exhibit&nbsp;4 to Form T-1 filed
with Registration Statement No.&nbsp;333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The consent of the Trustee required by Section 321(b) of the Act. (Exhibit&nbsp;6
to Form T-1 filed with Registration Statement No.&nbsp;333-106702.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the latest report of condition of the Trustee published pursuant to
law or to the requirements of its supervising or examining authority.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->-2-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, a
corporation organized and existing under the laws of the State of New York, has duly caused this
statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized,
all in The City of New York, and State of New York, on the 29th day of August, 2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">THE BANK OF NEW YORK MELLON<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/S/ Laurence J. O&#146;Brien
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Laurence J. O&#146;Brien&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">VICE PRESIDENT&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->-3-<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-25.6
<SEQUENCE>17
<FILENAME>k35263exv25w6.htm
<DESCRIPTION>EX-25.6
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-25.6</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXHIBIT 25.6
</DIV>

<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 6pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM T-1</B>
</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>STATEMENT OF ELIGIBILITY<BR>
UNDER THE TRUST INDENTURE ACT OF 1939 OF A<BR>
CORPORATION DESIGNATED TO ACT AS TRUSTEE</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CHECK IF AN APPLICATION TO DETERMINE<BR>
ELIGIBILITY OF A TRUSTEE PURSUANT TO<BR>
SECTION 305(b)(2) <FONT FACE="WINGDINGS">&#111;</FONT><BR>
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>THE BANK OF NEW YORK MELLON</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of trustee as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">New York
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">13-5160382</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State of incorporation <BR>
if not a U.S. national bank)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. employer<BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Wall Street, New York, N.Y.
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10286</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>CMS Energy Trust V</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of obligor as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Delaware
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">38-6776930</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of <BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. employer<BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Energy Plaza <BR>
Jackson, Michigan<BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">&nbsp;49201<BR>
(Zip
code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Trust Preferred Securities<BR>
(Title of the indenture securities)</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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








<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>General information. Furnish the following information as to the Trustee:</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Name and address of each examining or supervising authority to which it is
subject.</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="92%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center">Name</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Address</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Superintendent of Banks of the State
of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">One State Street, New York, N.Y.
10004-1417, and Albany, N.Y.
12223</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Reserve Bank of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33 Liberty Street, New York, N.Y.
10045</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Deposit Insurance Corporation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Washington, D.C. 20429</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">New York Clearing House Association
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New York, New York 10005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Whether it is authorized to exercise corporate trust powers.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes.
</DIV>


<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Affiliations with Obligor.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>If the obligor is an affiliate of the trustee, describe each such affiliation.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; None.
</DIV>

<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>16.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>List of Exhibits.</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%"><B>Exhibits identified in parentheses below, on file with the Commission, are incorporated
herein by reference as an exhibit hereto, pursuant to Rule&nbsp;7a-29 under the Trust Indenture
Act of 1939 (the &#147;Act&#148;) and 17 C.F.R. 229.</B><B>10(d)</B><B>.</B>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the Organization Certificate of The Bank of New York Mellon
(formerly known as The Bank of New York, itself formerly Irving Trust Company) as now
in effect, which contains the authority to commence business and a grant of powers to
exercise corporate trust powers. (Exhibit&nbsp;1 to Amendment No.&nbsp;1 to Form T-1 filed with
Registration Statement No.&nbsp;33-6215, Exhibits 1a and 1b to Form T-1 filed with
Registration Statement No.&nbsp;33-21672, Exhibit&nbsp;1 to Form T-1 filed with Registration
Statement No.&nbsp;33-29637 and Exhibit&nbsp;1 to Form T-1 filed with Registration Statement No.
333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the existing By-laws of the Trustee. (Exhibit&nbsp;4 to Form T-1 filed
with Registration Statement No.&nbsp;333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The consent of the Trustee required by Section 321(b) of the Act. (Exhibit&nbsp;6
to Form T-1 filed with Registration Statement No.&nbsp;333-106702.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the latest report of condition of the Trustee published pursuant to
law or to the requirements of its supervising or examining authority.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->-2-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, a
corporation organized and existing under the laws of the State of New York, has duly caused this
statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized,
all in The City of New York, and State of New York, on the 29th day of August, 2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">THE BANK OF NEW YORK MELLON<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/S/ Laurence J. O&#146;Brien
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Laurence J. O&#146;Brien&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">VICE PRESIDENT&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->-3-<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-25.7
<SEQUENCE>18
<FILENAME>k35263exv25w7.htm
<DESCRIPTION>EX-25.7
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-25.7</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXHIBIT 25.7
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 6pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM T-1</B>
</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>STATEMENT OF ELIGIBILITY<BR>
UNDER THE TRUST INDENTURE ACT OF 1939 OF A<BR>
CORPORATION DESIGNATED TO ACT AS TRUSTEE</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CHECK IF AN APPLICATION TO DETERMINE<BR>
ELIGIBILITY OF A TRUSTEE PURSUANT TO<BR>
SECTION 305(b)(2) <FONT face="Wingdings">&#111;</FONT></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>THE BANK OF NEW YORK MELLON</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of trustee as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">New York
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">13-5160382</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State of incorporation <BR>
if not a U.S. national bank)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. employer<BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Wall Street, New York, N.Y.<BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10286<BR>
(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>CMS Energy Corporation</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of obligor as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Michigan
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">38-2726431</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of <BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. employer<BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Energy Plaza <BR>
Jackson, Michigan<BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">49201<BR>
(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Trust Preferred Securities Guarantee (CMS Energy Corporation Trust V)<BR>
(Title of the indenture securities)
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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








<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>General information. Furnish the following information as to the Trustee:</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Name and address of each examining or supervising authority to which it is
subject.</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="92%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD></TR>


<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Name</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Address</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Superintendent of Banks of the State
of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">One State Street, New
York, N.Y. 10004-1417,
and Albany, N.Y. 12223</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Reserve Bank of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33 Liberty Street, New
York, N.Y. 10045</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Deposit Insurance Corporation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Washington, D.C. 20429</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">New York Clearing House Association
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New York, New York 10005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Whether it is authorized to exercise corporate trust powers.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Yes.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Affiliations with Obligor.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>If the obligor is an affiliate of the trustee, describe each such affiliation.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>None.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>16.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>List of Exhibits.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Exhibits identified in parentheses below, on file with the Commission, are incorporated
herein by reference as an exhibit hereto, pursuant to Rule&nbsp;7a-29 under the Trust Indenture
Act of 1939 (the &#147;Act&#148;) and 17 C.F.R. 229.</B><B>10(d)</B><B>.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the Organization Certificate of The Bank of New York Mellon
(formerly known as The Bank of New York, itself formerly Irving Trust Company) as now
in effect, which contains the authority to commence business and a grant of powers to
exercise corporate trust powers. (Exhibit&nbsp;1 to Amendment No.&nbsp;1 to Form T-1 filed with
Registration Statement No.&nbsp;33-6215, Exhibits 1a and 1b to Form T-1 filed with
Registration Statement No.&nbsp;33-21672, Exhibit&nbsp;1 to Form T-1 filed with Registration
Statement No.&nbsp;33-29637 and Exhibit&nbsp;1 to Form T-1 filed with Registration Statement No.
333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the existing By-laws of the Trustee. (Exhibit&nbsp;4 to Form T-1 filed
with Registration Statement No.&nbsp;333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The consent of the Trustee required by Section 321(b) of the Act. (Exhibit&nbsp;6
to Form T-1 filed with Registration Statement No.&nbsp;333-106702.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the latest report of condition of the Trustee published pursuant to
law or to the requirements of its supervising or examining authority.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->-2-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, a
corporation organized and existing under the laws of the State of New York, has duly caused this
statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized,
all in The City of New York, and State of New York, on the 29th day of August, 2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">THE BANK OF NEW YORK MELLON<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/S/      Laurence J. O&#146;Brien
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Laurence J. O&#146;Brien&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">VICE PRESIDENT&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->-3-<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-25.8
<SEQUENCE>19
<FILENAME>k35263exv25w8.htm
<DESCRIPTION>EX-25.8
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-25.8</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXHIBIT 25.8
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 6pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM T-1</B>
</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>STATEMENT OF ELIGIBILITY<BR>
UNDER THE TRUST INDENTURE ACT OF 1939 OF A<BR>
CORPORATION DESIGNATED TO ACT AS TRUSTEE</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CHECK IF AN APPLICATION TO DETERMINE<BR>
ELIGIBILITY OF A TRUSTEE PURSUANT TO<BR>
SECTION 305(b)(2) <FONT face="Wingdings">&#111;</FONT></B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>THE BANK OF NEW YORK MELLON</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of trustee as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">New York
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">13-5160382</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State of incorporation <BR>
if not a U.S. national bank)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. employer <BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Wall Street, New York, N.Y.
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10286</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Consumers Energy Corporation</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of obligor as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Michigan
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">38-2726431</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of <BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. employer <BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Energy Plaza</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">Jackson, Michigan
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">49201</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Senior Notes<BR>
(Title of the indenture securities)</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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








<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>General information. Furnish the following information as to the Trustee:</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Name and address of each examining or supervising authority to which it is
subject.</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="92%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center">Name</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Address</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Superintendent of Banks of the State
of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">One State Street, New
York, N.Y. 10004-1417,
and Albany, N.Y. 12223</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Reserve Bank of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33 Liberty Street, New
York, N.Y. 10045</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Deposit Insurance Corporation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Washington, D.C. 20429</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">New York Clearing House Association
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New York, New York 10005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Whether it is authorized to exercise corporate trust powers.</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes.
</DIV>

<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Affiliations with Obligor.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>If the obligor is an affiliate of the trustee, describe each such affiliation.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>None.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>16.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>List of Exhibits.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Exhibits identified in parentheses below, on file with the Commission, are incorporated
herein by reference as an exhibit hereto, pursuant to Rule&nbsp;7a-29 under the Trust Indenture
Act of 1939 (the &#147;Act&#148;) and 17 C.F.R. 229.</B><B>10(d)</B><B>.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the Organization Certificate of The Bank of New York Mellon
(formerly known as The Bank of New York, itself formerly Irving Trust Company) as now
in effect, which contains the authority to commence business and a grant of powers to
exercise corporate trust powers. (Exhibit&nbsp;1 to Amendment No.&nbsp;1 to Form T-1 filed with
Registration Statement No.&nbsp;33-6215, Exhibits 1a and 1b to Form T-1 filed with
Registration Statement No.&nbsp;33-21672, Exhibit&nbsp;1 to Form T-1 filed with Registration
Statement No.&nbsp;33-29637 and Exhibit&nbsp;1 to Form T-1 filed with Registration Statement No.
333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the existing By-laws of the Trustee. (Exhibit&nbsp;4 to Form T-1 filed
with Registration Statement No.&nbsp;333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The consent of the Trustee required by Section 321(b) of the Act. (Exhibit&nbsp;6
to Form T-1 filed with Registration Statement No.&nbsp;333-106702.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the latest report of condition of the Trustee published pursuant to
law or to the requirements of its supervising or examining authority.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->-2-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, a
corporation organized and existing under the laws of the State of New York, has duly caused this
statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized,
all in The City of New York, and State of New York, on the 29th day of August, 2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">THE BANK OF NEW YORK MELLON<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/S/      Laurence J. O&#146;Brien
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Laurence J. O&#146;Brien&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">VICE PRESIDENT&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->-3-<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-25.9
<SEQUENCE>20
<FILENAME>k35263exv25w9.htm
<DESCRIPTION>EX-25.9
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-25.9</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXHIBIT 25.9
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 6pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM T-1</B>
</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>STATEMENT OF ELIGIBILITY<BR>
UNDER THE TRUST INDENTURE ACT OF 1939 OF A<BR>
CORPORATION DESIGNATED TO ACT AS TRUSTEE</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CHECK IF AN APPLICATION TO DETERMINE<BR>
ELIGIBILITY OF A TRUSTEE PURSUANT TO<BR>
SECTION 305(b)(2)&nbsp;<FONT face="Wingdings">&#111;</FONT></B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>THE BANK OF NEW YORK MELLON</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of trustee as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">New York<BR>
(State of incorporation <BR>
if not a U.S. national bank)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">13-5160382<BR>
(I.R.S. employer<BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Wall Street, New York, N.Y.<BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10286<BR>
(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><b>Consumers Energy Corporation</b>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 0pt">
(Exact name of obligor as specified in its charter)</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Michigan<BR>
(State or other jurisdiction of <BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">38-2726431<BR>
(I.R.S. employer<BR>
identification no.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">One Energy Plaza <BR>
Jackson, Michigan<BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">49201<BR>
(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">First Mortgage Bonds<BR>
(Title of the indenture securities)</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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








<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>General information. Furnish the following information as to the Trustee:</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Name and address of each examining or supervising authority to which it is
subject.</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="92%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center">Name</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Address</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Superintendent of Banks of the State
of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">One State Street, New
York, N.Y. 10004-1417,
and Albany, N.Y. 12223</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Reserve Bank of New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33 Liberty Street, New
York, N.Y. 10045</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Federal Deposit Insurance Corporation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Washington, D.C. 20429</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">New York Clearing House Association
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New York, New York 10005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Whether it is authorized to exercise corporate trust powers.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Yes.</TD>
</TR>

<TR>
    <TD style="font-size: 12pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Affiliations with Obligor.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>If the obligor is an affiliate of the trustee, describe each such affiliation.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>None.</TD>
</TR>

<TR>
    <TD style="font-size: 12pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>16.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>List of Exhibits.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Exhibits identified in parentheses below, on file with the Commission, are incorporated
herein by reference as an exhibit hereto, pursuant to Rule&nbsp;7a-29 under the Trust Indenture
Act of 1939 (the &#147;Act&#148;) and 17 C.F.R. 229.</B><B>10(d)</B><B>.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the Organization Certificate of The Bank of New York Mellon
(formerly known as The Bank of New York, itself formerly Irving Trust Company) as now
in effect, which contains the authority to commence business and a grant of powers to
exercise corporate trust powers. (Exhibit&nbsp;1 to Amendment No.&nbsp;1 to Form T-1 filed with
Registration Statement No.&nbsp;33-6215, Exhibits 1a and 1b to Form T-1 filed with
Registration Statement No.&nbsp;33-21672, Exhibit&nbsp;1 to Form T-1 filed with Registration
Statement No.&nbsp;33-29637 and Exhibit&nbsp;1 to Form T-1 filed with Registration Statement No.
333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the existing By-laws of the Trustee. (Exhibit&nbsp;4 to Form T-1 filed
with Registration Statement No.&nbsp;333-121195.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The consent of the Trustee required by Section 321(b) of the Act. (Exhibit&nbsp;6
to Form T-1 filed with Registration Statement No.&nbsp;333-106702.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of the latest report of condition of the Trustee published pursuant to
law or to the requirements of its supervising or examining authority.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->-2-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, a
corporation organized and existing under the laws of the State of New York, has duly caused this
statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized,
all in The City of New York, and State of New York, on the 29th day of August, 2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">THE BANK OF NEW YORK MELLON<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/S/ Laurence J. O&#146;Brien
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Laurence J. O&#146;Brien&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">VICE PRESIDENT&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->-3-<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>21
<FILENAME>k35263k3526303.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 k35263k3526303.gif
M1TE&.#EAC``H`.8``(J(B)V:FEE65<'`P+2RL:JGI?7U]*6CH?+R\9"-C*VK
MJBTI*'1Q<>+AX$Q*25U:6FUJ:>7DX^KIZ=73T6!=7%114&5C8L3#PKZ]O(."
M@GY\?`L(";&NK<"^O34R,LC'QSTZ.KJXMQ82$IF6E=/1T.?EXU%-3&EE9/O[
M^W!M;-S:VNSKZM_=W=_>W=K8UY62D28B(GAV=MO9V-C6UAT:&KBUM,S*R510
M3LC&Q=74TY*/CXF'AKZ\N^_N[B`='45"0=#/S<7$Q.CHY^'@W^CFYA@5%3@U
M-9.0CL[,RRDF)LK)R:JHI_#O[X:%A;VYMT`]/8!]?&-@7^[N[82`?^SLZ\_-
MS,G%PB\L+:.AH(6#@P\,#1,0$$5#1)>4D_W]_?GX^.[M[/CX]_KZ^>WL[/3T
M\QH7&,;$P][<VD=$0UM85WIX=[NYN$Q)1\K'QH>$@T%`0$I(1T=$1"(?'XV*
MB<W*QZ">GN3CXR0A(#TY-CLW.+&PKS(P+ZFFI6MH9P<%!O___R'Y!```````
M+`````",`"@```?_@'^"@W]A$QT%!4L=0X01!6.$DI.$"@`*@@TV@F:*)(,2
M$X07B69_/1R"-C.3"$ZC@A,2@B0`=4Q_I(D#@FV"8PIB?RJSA&&;@RHRA(DU
M9)2"7A<G6W[6UWY&'&-B%'X?T.%_-1X!%H)\?8("`A8+!X(#&80W?7T!@@L7
M*D\(DPI;7`RJ("@#KS\B1D#(\6=$GRM]7@BB(.C#!CY_NAP<5$+=H"XZ"(GH
M@R8+M!Q7KOE@$.3#`"AWKFVP!DX<I0`_A`Q*MTX4@B+QY@T24**$OS]#Y`@8
M00G"G"@#"Q[<((J0QXD5IWAHH5%21T(@"2WX4P`"I1?5_!0A((R0%SUI_VG:
MA#:E"!MT'@54'?M''CT3)C`*2D'ARZ05,<C`B/K'H*`0,)XT&'3U#\4_'[JX
ML="5T->/(0=M*/.C*J$E6JSMF0RMBIQK-><20C&&"0V=//_H_4."K]^ADW0`
MH)3"01]M@M*($G!!4(L_%I90)G0YLQ3`&P5]%A1V$-])9%[[V<)07("9WV1+
M(F!"`PS#N05`.`$"0SPN&8;_N9$A`Y9!PDV"`@Q$Y/*$(%B`D(4'.B%P11-H
M`#'=(-5U\4<'&V3W1PEL]&='1@YD8.$?WTG2Q35FS?6`7.H14L,1)62"A"`X
M%&`%(1(DDLH?5B1BGR`JL"))&*\(@@F-.H`QB/\,"0@TR(R#T"$(&&<(XD0Q
M@X110R)*GI%(D35`(YX?,<[%`8LMIJGFFFRV:=,U0,F&P$RQ_?&"/7CFJ>>>
M?/;IYY^`!BKHH'Y>4T:+>*0W2`=\-.KHHY!&*NFDE%9JZ:689BHI"-=H88!Z
M/'2ADYNDEFKJJ;IADP"JK+;JJJD"8.-#6VNJP<6MN.(JV!\*Y.KKK0Y`P,-1
MT##P*Z[EA:/!L<SB"H<@*T31[(_0'KOJ4.A9PT48;#J`S;?Z_:'#M^1B\X1T
ME'!1+IK05+#NNWYHH=T"[Q;@6;F5"7##MWE@X`6;+F"S!RX"6G#-=P:0,`*G
MUK#AY"088&/"O^K9D9+_-94)8L`%45@C[R`K["$K"N%D8`T%SQ`B0!796E-$
M'W6VF*T)X;QP\"1,]'%-$D)*L@(V#*BI+L;0H+#OQX/8D.T&*H3C31+$`M=Q
MN3\0D+)Z(EPC0#@G6E,B(09;(P>6A&`C5(M#^Y$Q(01L@/10V,0`30E:;!`"
M)5O_$<>[(ISPG&Q96Y,W)7S<3(D$'EQC`<5E7W.V>FFO/4@+,+R=2;9;-#?)
MBI=-DC<"*<#KQP^?V!2X'X-/4KC7X00@TXZ-6_.X;)&'$[+E@C"`3>J"$+$!
M#1+B/8@7"N0![P80L"#.Z;P3LKH?7WN6;1J3F"WT-9+/U<+%?FS`@R1I^*%&
M_SB\]Z"#$2U_"T+IE#`?SO/1$_*$H=4[?CW1DUP``&O0V'S-@<G8P`:2Y3EH
MF$$`J2D7#1K1/JV]SW#0F`,V""`)ZZ6I=I,X@1\T-*0R8.-[@M!9T,@GCB\<
MP0?E*L/51.)`:,!/'`K`QOABYX?9S06#DN`4!R6Q!EG]"P?6B(`XFC<)`^@A
M)M^:H23<YT((4B((V*`>#6UH$QP.`H@;G`O#K(&1CIW`)D2D!`(TD$!K;.!O
M+!3<`UD7C@]@PP$5M-\%KP$"`-@1`%FP0%IV*`DDQ(4&`=C"%E8`QC2-H(Q^
MJ,,DF$@X)T["C=>`XQ3O)SH^2F)JUO#@`^82QG"H`?]HBVQA(]D(#4A:0Y*#
ML"#:L"<)&_S`&I8D1`Y0>`T1E&F(:@J9*`?!2-4Y4A)0O`9!)CE'_!'B"]6(
M)2$2`$I.%L`TLM&=&I>X2TF\,!P$:&8JY;A*8Q+"7<H<A"G]0*TA^F&8Z@'`
M-39)S6F.$GKB.,($XR@[2DHN=.&L"#;R&:LM&$8].[B&W-J)NC7",QSARR3)
MB-E-M5&"!0,@V%S&R4]8MDB:?F`*03MY33%FJW/;K"<T>,`')1'"BFVBJ&QB
MY8<1SF4,B;-&\-)8T":2<A(%Z%0'ZB=22KS!#]#\`THE$0`M*,$F*N6D-42P
MT[GXSP_/"J4[)^&ZFQ+"`'#_N(82&3J)(@!5$D-=IJ+:N,^57B,/)@W'$&!P
MC:-*M::4Z-I!)Z&!:_Q`HEP=A36"&E9!H&!%,7MD695Z#1-$31((F)\W"5%&
M=$Y"GE85Q`C2LA5*D$&5GC'>5T_*2F@0(&N!E<0X]6!6;"0!2I)P`;U."0TJ
M8,,("YT$!)SXA0N8X!HWX!8E2(!90:PAIIO-1!(Z.R0^!"ZT;,-&:,!8KCQ@
M008E&`(!V'"-+>R`$B>HW+>TD`1\(&@!-,#&!A:P`!@4(5M&*"<AHJ!=0Y&7
MO#1(7U4@L("X^$$$[R6O>;^%7"4LP`>(W(`<%N!6:,1J`S@@00+&1"[K%H@2
MWEI7-+C&]:XM^"`*`6A:.-(F.FQ4Q5T=)A=R!P"O6$:A#_!8$@%TD`$H9&`'
- -`?@`K5Y%XQJW*A``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>22
<FILENAME>k35263k3526304.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 k35263k3526304.gif
M1TE&.#EA<``@`.8``"LG)^KIZ.?EXUE65<_+R/;V]9&-B>[M['YZ>;6SLHJ(
MB,C'QL"^O=_>W79T<^+AX9V:F5Y:645#0^;EY/+R\=+1T`T*"]32T5514?O[
M^W%M;*2BHCPZ.4U*2L_.S8B&AN3BX5%.38."@LO*R-K8U[JXMVEF9<3#PHV*
MBC0Q,;Z[N1P9&=?5U;^]O*&>G;"NK6YK:WAV=8:$A(%^?;Z\NV!=7-[<V^CG
MYMS:V<G%PIN8EZNGI.SKZMC6U=K9V101$71P;]/1SX2`?NWLZY21C[NYN)22
MD=74T\W,R[2QKVMH9ZFFI3@U-#\]/.#?WF9D8ZZLJTA%1<K(R,/!P9*/CTM(
M1Y^=G9N9F"$>'IB6EGY\>Q@5%1`-#<'`P/W]_9>5E/GX^)>4D_CX]^GHYO'P
M[_3S\F-@7L+`OI^<FO3T\XZ,C,/"PGY\?(6#@JFCGJBEHWMY>*BFII.1D+>U
MM>/AX#HW-VIG:(V)AT1`/\7$P]'0T&UH9AL7%]73T0<%!O___R'Y!```````
M+`````!P`"````?_@'^"@AD]"5]?5T43@D-H-H.1DH19*#=_?05_9U\;:8(J
M@QZ($P>A$T>24GJ"-GU_2((,"B5_)8@O?T%C?U,5?R,\D1Z#8R.#APR3@F!6
M`'[0%A;09C1L?CO+RS01;Y!A`G]".S,1@@.#"CL[`7\:+'A.DF8.@CMA?PJ"
M(4DZ?SD:@+3X0V7!GST`#H@@$$F?H`4B!CG8D6*9C170ZIS(\"?#A2K0H&73
M)LG'%B&:P/TQ("C*)72"%&#``.(/B!4L(Y%`H8'CO7SGHC00M&1DP8,&M"QL
M.`CB(!@S`$P*\@.:#HZ2WH0<23)2`3M7_JC,F4(3S'P"!&!5X$52#0X`_U#\
M4:$/IA<D48@:-;A'@!T.#-,UC2@(@10*DBB$@"97FP.172/IJ2%ARA\KO!#`
MB)#K#QX$-/X808#@@J"P7D,(N-#ACY@!&FH(VF,"CJ`724['BC'F"),@D48C
M*(.D2ND_:I8EF?8#L38*6+!%'N0ES[$_!S@VD,)(4(\^[7CTZ4-&T`%)8&K^
M@?3'29?R?W!,$2.(C/,#FFYP?$!_D/@^&10P7GG=2?*8'ZUU!8-T@DPPWH,0
M1BCAA!16:.&%&&)XP&)^8!#9%0S^L<0>))9HXHDHIJCBBBRVZ"*+`QC0`31,
M1!9`%^U,I^..//;H8R1]R!@->SOZT,612';!R_\?8R3IY`+G+0.&DT?^HHU[
M5&:9AR!Z9*G>'VE0.4B03X04`GPZ*A'2FDL0M>:;%J3P!!18#2+`F]`DN(P(
M>/;I!Q^"2-!G3IC@.:8!5JP912HZTD$`$R$104"4!Q"`1D@0$$!`$0Y$YT<=
M!79$`!'3?)H##B0)0$`$(;FAJ:8YP($1H'^0L$.I?M1`@#""B*%I51T$AHD!
M9#2QI@41T+$C$"%I4VH7;D'#10^2],$'-#+H:$!(P@["`!>T"G(I-!PL,X(?
MY0+)T@)]-N%"?R1MZX<%VE3E![1>L>H'%I>,>:T?#D4FKQ_=#H)!N'^`@1$T
M+DR"!Q>UJ"L(#0N_B07_$"3$&XTV_^(;R1$AV>8O-`%W-7#!@@"!A210A`0`
M&,/X`41;$@N"1`BXKHD%!#!/(B^]RW2\S(Q^`#"4(-:2K"VWRSP02R1>I!`2
M&I%$X0<QU1(J"P8YA_2$<Y'\S#$T'D>2*#2H8?)OR1I#4[`0=VC30JG-">*!
M'R8L$^0R:4!0<4@>2B)VT&0OPRXT,(P,\-)N2R+!69/HZX<<^_AQ=-9=S<'!
MFVP//HG0D]@0DIY)+S[=R9'<8`'DDB"QL`4-,.`'ZX=&5@`$]OJQ0ITK;4SX
MO<O<"8T$BK.MS<`:**!\#-'1'HD,(<&``1?]3K+W=$7D;J4@GDL"NB3"^T$\
M_])K,_ZI!.AO/GM7$RS,A06!ZZUU5PB$Y,\@W4?R?23ACZ^VTJ=C&C+6UY4X
MA.0'X=!&D$!P.9)D@`O0T%K^!K&_08`,&B$HGOD*5@?G0<U>9NA*D`90D>D\
MPP\2]-WG"C>)-80$`1H,8.,BT0$/Z@\:2A"A`09@@1QUQ5,&P9\*O<="21@A
M&G.(X21HQCT!#N(`4>K*OW)(DA'Z(5M=`4&IAA"V(=X0>)+(0!WR5`8E1F(#
M&13B#"7Q``64<6Q^H*("=[BOGFEC0>@2G!<'L84B#D(%(4FB&0?1`82A;A)%
M\$,"?R='^0T`&K+1AA:A$8HNSLM9?OP##XSEAP]4J^=\DB#!GRQ)L&6T09$D
MZ6,<=?A(:)B`=]Y1I<@BP2QH:",D9>N!U/R@!2:2#X"#>("Q#.G$09P!(XN<
M1*EL.*Q69D0.'A``"&@0@ZK\P`B:&$0)1.`I/U3A`RP0!`MD$A([*.`#6N@`
M!.O`%4&400&2ZX#R%""#)WB*5B?XP`G]D+QYBF``]DJF($Z@@`/M2PC&0]H.
MN9`%&30!@C\```"FL84:G&$2#N"#1C?*A\Z\@*,;70$`\&""#?BP&"!-Z4:E
H\@<4J/2E2XJ$2U6J#1RX``)4&$0&SH""&8A`#1?]D5"'2E2B!@(`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>23
<FILENAME>k35263k3526301.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 k35263k3526301.gif
M1TE&.#EAY0!``/<``/KZ^@$!`?GY^0("`@0$!`,#`_CX^/?W]P4%!?;V]@8&
M!@<'!P@("/7U];^_OPD)"?3T]']_?PH*"H&!@;V]O0T-#?/S\_'Q\0P,#`L+
M"_+R\F%A8<#`P/#P\$%!0;R\O-75U=W=W8"`@`X.#N_O[^OKZ]C8V'Y^?M_?
MWT!`0'Q\?+N[NQ$1$4)"0N/CX^KJZL'!P;JZNA`0$!(2$GU]?1@8&-[>WMG9
MV41$1$='1]O;V\K*RN3DY#(R,N+BXC\_/^'AX;Z^OKFYN1P<'",C(QX>'B`@
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MPJ"@H-;6UG=W=^WM[>SL[%U=745%1;:VMN[N[BLK*S`P,(V-C9R<G-+2TDM+
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M_?[^_@```/___P```````"'Y!```````+`````#E`$````C_`/L)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$FRI,F3*%.J7*EQG[Y]
M_?;)G*E/7TR9,6_.W,E39KY^+V/:_(E3YLN@/6/F@]EO*<NG4"'N).@3'X"E
M,P\`L(K/93\!^K#V'"N@'P"P``#L$[#O:KZN^?3ALTFSZ%8`9N-&W<N7(#X!
M!M36'%Q3KT%\";KJ8_N2J<"X/G\.C(NVYKZY<PT(`!`6:U><^=X:^#H7ILV^
MJ*'"W)<O@0!\L.?*[5K00C[!<B_#INJR,4&Y^B`871M6WU9]!D(/QRD7+P1\
MH1%+3DT]Y='8V`6\O=I3F)T2"2SY_SB@?2SDG@8L"#C@4L,^%V$!'&@0%I^!
M`U8W&X"=>&V^#H#A4]V`!<W4E$`N.8;@38\1)=`!/H2`@AQL</`!-I"((8((
M$70801C#]'(-'6IL8**)L)A2QQ3'&`**!U4L<>(&=6R@2"\;&*)-%Y=(L08R
MH'2RC@I(7&),#ANTL<T6.#CAA`@GJ"`"&F\8XP0-$Z@@QBCD<%!+-RM0X``'
M#CQQ@QT<P'`#$"B<\<(^'1@`'&U%+146@G8*9%E004V&E(*I&>=2/N09D)AB
ML.WSW$V:.!")`\&(\4H$I%21`BPG(!'%%A[@$,4@6$X@:AC8Q'"&"6%2H*J8
M#GPQR1<[B/\1AAC8K&JKJLTD0@P9\W1R"B3O1.*)J,06.P$M2Z@B10Y=P`$'
M%T40($$`_`Q``#\++#``/]3BX087!1"@10XMI+#&";V(,PD(&FC5U%*!R046
M6YS]E<!MH=4TUT!M8=5G=:RE%YIVR.'C0IN$!$'#&$YTD4,5=`0C"2^C?-+$
M$8,"]5H"`#10&DUJ)4@89&%!T-IJA*6\E@`:"/B:/@V$/)9,!QC`FG%O-59<
M/CQ,TLX=V90SRAW.2!&-I1XH(4H69=0PP`@8($``!@$H,(T7]`@1A#P[./!)
M'"8<D$!-"8S=#SXF6Z478&#]2QUK>*KSQQM3)`+(*QS$0,$.)DS_DC9F^;`U
M%WNA'8`?9K0-).C-(Q^UU-AI<9;R8';*:Y_-"AFX#^'ZD&=47/&1)]=2;Y5^
M+PD\H/!)*'G8LDP1`\BP`+4*#%#``RP,4(,1JS"R1"V>W,%#30)=8$$"-0N0
MP'[`$:@)&;.<`L,3'\"7K]K[W.L2;'<)\)KW+]]V`.EMG:;G94?QE-M,@3<V
MLUP'U%1>5P(B9%Q:<3%_,^B`&1`8=$)YR5;6<ASCD,`U!S!+!W+A``<0PQD1
M0(,72L$)"0R``0B870`&$``"0*$*.<@#*L8!@N0DR"D#2D`(7$"?!MR&7O5A
MS;YVIK;@S,4I]7D)Z50FD[\81"_[:,!7_T"7D('!1COVF5S*`)"`X<3/3IIK
M"_XLHS%]50XZ:6E`<G["F7P%Q@QG8$,0'#`+.K`B`!7@(#_X40!N(:`1AV#$
M%FC@@`ZXC4!XS&-(P,*S%:!B$"DH0P$*8#L";$L!!4!`!5)0C&2$("V]80W)
ML*@</5KRD@B!3#XT0X(SM.(#B:!##AA1A`<@H':))``?>I`":D#B`^9X`<?R
M]9JX&`:3N+PD#F]X%BU:10.9*,0/W,"'#!)@@VS<X"&@X8TG=``ZM[G`47))
M34O>['.Q,4H_Y`0`'OS"`T-80`%&\(`U8C`##R!`"]C!A`ZL!7/5C&=UCM*9
MU>Q/,IH!P#-!$/\(%7`!`0$`J!NOM8`:N.$-)9R./!?*T('8HQ!=D$4!%+!&
M-B*`C0/``AH\80+C%$9PIB%>0T=:G<``(1+OZ,(5)JH``A!4`0N8`1S>,(<C
MB*:6UR&I3E&3P'U80&PQH,,>'A``:K&1`0206@T,D8X7+.8JB=NI5*/BTR:^
M<Q]F>`4<*A"`#!BRH@&0``(>H`(YK`TO4TWK2I@3N*5PI@2G6`5&J>72#A9@
M`7L`AB6:@E;47&9S8.')P,@#E$'%A2M'1,[9*$.4\G7N-;_185H*\Y:=R*]S
ME+1/:'XBEP1L\X:CLXV^>)*<SA:D?36)'%BXLIC`;&=C'3/?-M\U&X[_:4"A
M7IE#%#"8K05<JZ(S4(,0D"<?0EDE*@W(WFL$BP\7;B5^9;OA7ZZ2G):MIS#8
MA<P6>3,8Y36@;98UE`7V4R_BR:8F)#!.?N3W',,I$8L)),A^QK<_Z-2R7DNY
MW'WR40(%W9!>^;``/MPU$`'YCPV46$6V&-#&BA+@`40(!@H24Q^%KB0?&@#,
M^`AC,ZN<13C(J4D#W)N/F$&`,_THE`5LPCVS+(\@H)L+9,\V-L)<P#X6V(H!
M3ES9SC%1'V6#@-CB%QRLN&6SVCF+G!JWR?SN-W(^20`/I$$(8;3B"R!8,54V
M<X!%"$$(V.#%."IQVO6DI1QND``>*KK&#")@_P1KL$$0!RS;E9!'!R%@`PP:
MV$`.4$`=+M#`$QQ`A@_`@(EI:<4*8N"`0+P$;0"PPB<2-B88L*H5\>477@#@
M`R:L8`5CXO.80G&!$CB@&(#0Q0M>IE@YD&(*&WC#&0!`@D4X`0RJ``,_&)"[
M`?AZ`%=(P@8N<0PD&-O8BDC%<#>Y30&D`QQEX!:W;'=*;15`!G90J'RLH(("
M,*`"!9A!-61K$^!D413'9',`D#K(7<QADYV+2@G$D`(<]("H1>W@MV.P`BC4
M[@$Y4!X`+J`$&4B-`('#QPYH@`A1<)604@M``9+0`:H$#@"XV,(C:N?K?%=M
M%[Y@QP.V)8LON`9T!_^X0QK6N`07V(`.5)"`!-K806YY?**S:W!%&3``+7#@
M,Q"H!1<8$-`"&'6-$I<6`@P!`:I8X01@4$`'*U"/$IQ6QW%)0`<$802=L[&-
M%"U`%D`PX)4`X#XV^(/1>?O;-0X``4H@`2B*RJT?`+D#:&!!.1FPB0N`(-J^
MOB@'D5D!%A"#?WF10P]FAW2;$X`!_$A#.GP`!Z3R0P+K<$F]+($%!!0@`[F(
M12/:.'./(Q,!$MCU`H@N-:)W\*($4$43=7"/@`(T`P%8`)OY@8`T,!@!R)`/
M8D@0C0=@P%K6",1?%:(6`X``#$4=@.YWCX=#?*)E*CG[#=8`TZ*^N:4N)8#_
M`BK0AU.,X.AKB!\9=E$M0R;!!#W8EK2,WD%K$;T./@@+>S9S`RF(OZBUPRT,
M\`"(=`YQ4`T8D`%2QP^J,!-IH0(6-`"IP`3*@`'5$E!>D($9J`;0H`B&<`V<
MX'FK-P(Y$`]5(%;4L@=/``+H]@"F]`A=(`F/(FH40`LR$%`#X`<0D``7L`WA
MUW-/L!ARH1!=<0'Y<`(80'-'!U;HD`]DEA+^@P07Y%)<8`H<XB$10`.N<`3*
M,'V$I`OZ8`5)$``6&`!I,`$40%0>I`@=$B4G,`%_T`E`8#,)`@`O<`D7Q`\I
M0`JN0`%C1`9V@`(Q<!9$@%'BQ`UD)AQ',`2^M@>$_^`&4,,"$2`(FE`0!W!C
M"2`'Y^!Y!-`#,7,V5H`M`7`%N!`-Z!0`7?`!^W$;YV4<!N`."Z``#Z`$YO`-
M6!!^&-`+/G`V,X80:[%8<1!_7E=1#U`!MZ`#*Z$/7[`+#U``LE`',*`#6K%9
MA'(`V<`"&M1&F6``P(`'#'8MC]`.R1`N&2`.)>!"5J$9001D@;,/HZ$+5%!.
MC-`'?G`#(0`V*'`#;/!3=_!X@4<`14`&8=$!84``B?0*L5`!$L``-4`-Z%`+
M6!@!Q9`+6D0)8[4`?#`/SZ$!(?`!`<4/C#`++I4!5,`&9C`+6C(&85`L(@`"
M-K`,$C`"$M`&S(!4"I`%8?]@!FJQ&2AT$)%D%1[P=L@$5A/U"`ZP$AJP#`%@
M2E*`,:4!8R_0"`I`4543`#;``T6``!?%1M8@#8&`2`$`"Z[P!7.0"$S@'G^A
M-A?0#R1P`&Z`003`"56@!*7P`RV``TG0`K80`D!0DPC`"E6000PP!F'1!(7(
M#T1@`K>``0LP5H.T0;\V`%"P"`EP!N'`4GOP"V@0`;30!D3P:U.`"KXF`YUP
M`*&@!T05F;X6!3Z0`"O@;17```H@-2P`#`,7&HG1DX=Q)UV!`\U(=V#%<U#@
M`!96$G[@C=('`D)X+]YC*!>`#`50`:<T?@-0">"``+83BP'0`OWP!0B0`=@)
M>=+_5P"'D`GQ0V<ST0?:8CN_=BUOYVNQH`_>\``,0`6SP`&(A``]T`0`0`M2
M(P/5\`09P%NQ"&[8.9Y_`!UTD%0,(`N@X'D6"'FS@P5"@`E=U0B+8`%3@'O2
MV7%=Y0C-$0Q4@P`)2`3JL&&`DA#JU5P6X`'TMX2^1@#,``3%21*X$'W<\!H"
MLA5`43-!0`7;,@(+D'H8X`Q$MP!&D&_/P%^#X'FN=U$QN0DL8R!QP0MLY%LN
MU5)320!#\`A,8`(8`'F@P`--<`5LA`$P8`8LL$8I4`(Q,%%WY:&V4P$/4`H7
M``&M`%#-N`P3$(OCEP$2@`%[@`M-@`/D!`4A,`Y0$``S_R!];X=(;>`+G+$/
M.C`$_&"0T\`&<]%7#8$?38</,5`$7P>C`_``VH!A*N$`B:0`=A<=-S,79@`+
M&U0`)\`(#38#AO0,T+EK\2D`'?`+;G!,1(=!##:(T/0NR8"=#]`&4H*%)^`(
M.L`#\>!;#R`)&M`!TS";"W`"4R`M,]`,`N``;G0"6>16K;$>*-`&THD`MW`J
M.9!&&<`*A9`+X_4-1C!S>K`#A@(;$'`*8!`N`\`$76$SU%!7G"`(F#$8#Z$6
M*]:M56,[N\</,Y`)0J02%,!!2)I>@H,=G@`&LP,&@O`#&Y1Z`Z`'W9`'V[(`
M?;`Y^V`)-Y`J@>`!IU0`Y.".?/^B#W/`B6.084/AB@;0!T,@<3D0-OG0!=="
M`$;0"+X&#4>`#Q\P`(B$!8OP7<8!&&DA`*Z0`7.:!ZWA"(B4`45P!P:083L0
M#@P@FZGP!7)P!'&``AO@6S*P!H-C`$T@`]92`^+@/8.!$PXQ&@T``E?`0=NR
M+6R6`>L@J2E*$GY`!1U$`#1@,D+(&@V`"0B`5)W@!YO`<Q94`*0@"!X@<3-`
M")*C%G]QK8A@;1RP&6S1%/K@"AM$`*L`#)L*!&!#`4+@?U,I">2!#T*P00>W
M+9&@'4^@!QT7!4XP!A,@`A-``_0P"IJ0!%*'`#_P2/,!"M&I`%#@`FW!`ZKP
M;=22!4G_8`@M4`5\L``5<`4[\!<0T`$BD`%L=`NKIC]WI!"WX0)2,+AL%+&(
M@`+C4S\H40E1P`\CT$88T`(E4@;*D`;6HBU[(`P?0`1UQ0]Z8``?,%&[1P"B
M``B<H`6BL&8&60/YA$7&`0)I$)M:N805U7$S8!."0TB-&5"4\!;"H0TO;'JV
M,P0[X`XC8)`+H*^8`0*,*`$5``L7P!F1`'O8N81M!`CGF@"X4`-%Q0>ZP!X*
M(3^?:#/^8P`7X`"<P"W_]W;AUPA(8`9-418J89H8`%/6DD'B9$B-*7YA@`^A
ML%)$)0..0`*00$B$6U&Z5SOBESL,``AAH1Y?L4T)T`82)S5)_WAT4UE4$J`+
M*X87^9`%V?)Y>G`#%W`!KZ$#6?"BC@Q0S,`$C2I^29`9A2&:E4L`W7`?+W`,
M,W>I!^=2#S`"1W`?ZXL($B!UX``$9JRBN7%VT)$`&J`#OP#%`.68''17,^`)
M>N%#9YP/\#`$+'!,C\=[$C=M6(`/%B`&!U<`QE`"!C`(C1R9$;I!ZQ8`7/`'
M/'!8T$%D^U`">0`&!+"FD#F5UM)!\`O,VD$)#+!Z#S`&);`9B0$`YB`"'G#0
M!UV76^`'9(`)F"`%>0`$9[$]9N$$49`#/Q`-_T,"CC`%O:`"$2D"H]`!%]``
M#>`#?Q`!A9`-.R``R96XYQ,6VL$>D_]`"FDTLX-+@"/`!XKP`E:1&RRA*!;0
M!]S`04-P#JR`"!LP",<P"&HP!_BQ`DZP!'5P#78`'9(`#=3@!4O0U4MP"5@P
MFZR@!:E0"-]A58RQ&6OQ'C"0"BJ@"&^0"`U$`:#V`1SP"9K0%K"A#S<@!!R0
M-P$-`>MQ`,)A`39PV(BM`RBP#R\0`B8@#"1P'C]Q+U8@(3J@G(;S79I@4]AQ
M7#43&Y<X8%HA20EA&J^1'@Z@#-.,2&MD2$@E`6N0";ZP&/E"T2GQ72,6'SL9
M%VIQ=ER&'V;\$HEQ+[(5,VVA`0-72ZS!&9.Z%$3&&5H!'?:B,^LAW1"`'!UC
M%<AC"26-'V?_5Q"KJ`'<!``0<`$]%!I74<2=)2>L`3ZZN3GP$QW@HT5L`=-*
ML0]6,`JDP`6H1%%(%RY9,`:"4%DQHQ9`(5(H<2<]<1JF$1H'8A!_<EJLP1PW
M$11.H4TT$4`*,N'785AP8Q:)XAN\`10"TAA1M3,63A-#`2A\6Q7Y(D#J13SE
M-K9-``.Q@`,UD%0<=TP3901J8)8$PU;VI%9$3A&!0R]7P1V0LZGXT`2O``@I
M0%%?RT8MI3O/,`PKH+=>4>1<GA%=$5LX8Q9BTP04(`*78+?Y1DCA]P!&H`53
MD`M3BC::H11=7N<6<1E,I!4`<`,T8`LI$`Z^-DAM-#L=1P4;,`?2_W`H+W$`
M'8`7_F'?=A[I"+$#'!`(P&`*I<`"!X=[=S51!("16F`*M4`&W_`")E-8^.(X
M>UUGDIX2#CX5Q2'=\1(PBF%+ED$9HR,GDT0Z`F`%DS!HQ"`"E&`+.&`-4*`'
M5!.CA"0#AZ`$*:`$3C`!D"`/<>`"4^2_O.$8?-OJ+&$5O3$4770?V>-6-3':
MDN4:7>06R;45??T!Y2`"M/`,/4`%4PE0_IA!&$4%TV`*;T`.=M!$6]$5>LOM
MN"0RE_$5^%$<9U,)R=,<*"-D!F`&(>#8'R`FO)`'V[`+5<,/&%`!NW:IY>1Y
MJT`$6-`"B#`,GD`(D;T8$PX`Q],V8$'P!?_OV[?A6;UQ&Q9`'V<'`"@0"LD@
M"2JP!3_@`2F`"9MP!400+0L@`X.T+1TD"]4"4UJP`5(`"3'P`3K@`RXD)RZM
MQ==]'`EP8O<#9)DF\WH$&PT0!$$0`\Y0#%#R"WFI!)L@<1*@09XW4-622!(W
M`#-0;]?0(:C`"Q]@`C>$,CJZ7'NB%+%^')%D]B!!7XRC#R0`!#[@`A,O!]+`
M`4&0)H;6#,@;!G6``SB`"4GS`UGP"$7@56^'`6F`!V50!D90!ES0`W`0!76`
M!EE""<:`!C00`=70#`X0!(N``D!PW;\Q%3Z!(/94%$A1'#SA^![A"W>`#IV0
MA6\X`6JP!5M@"RW_T`)18`W3XFT7N6LPE4&'T`.;4`H>``<M``_#$`$G4`C>
MX`@K``.9X`!,X`(DD.2;`1#X\`$`(*!!OGWZ]O5CV-#A0X@1)4ZD6-'B18P9
M-6ZL:`F"OGX)&R3(!S+DOH0)\T%`B3(?OGT`+"B$6?*EO@,)].W4)R#?3P$"
M%/;35Y)GSP,T.2YEVM3I4Z@:#0#8UV!?`@$+7Z+DB<^``('Z!.[+6G2?47T&
M\@DXD*_?2YOX!`#8B0_A/KD_]3(4ZS;J7\"!!0?&IS`EOI%&6W+-J0_`3X5F
MC?8KO-/E0,-330*PFY*K6+F%!X\F7=JTP\)<%S)4O1@ET=6O7X<\R=IU'TN'
?0STG-!FR]VG@P84/)U[<^''DR94O9][<^?/1`0$`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>24
<FILENAME>k35263k3526302.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 k35263k3526302.gif
M1TE&.#EA]@!%`/<``/O[^P$!`0,#`P("`OKZ^@0$!`4%!?GY^08&!OCX^`<'
M!P@("/?W]PD)"0H*"O;V]O7U]0L+"PP,#+^_OPT-#?3T]+V]O2(B(MS<W!04
M%/+R\B0D)+JZN@X.#A,3$[R\O-K:VO#P\+Z^OO/S\]G9V;FYN186%M_?W]W=
MW7]_?_'Q\2<G)\'!P>_O[P\/#T-#0T%!0>#@X!$1$>?GY][>WC$Q,3\_/T1$
M1!(2$B4E)1X>'D)"0CX^/B,C(W%Q<1T='<;&QCDY.3P\/./CXT!`0&%A88*"
M@A@8&!H:&GQ\?.GIZ1`0$"`@("PL+&EI:1L;&TY.3DQ,3%U=7=O;VXR,C*2D
MI'AX>+N[N\?'QWU]?:^OKY>7ES,S,S4U-45%19R<G(6%A8"`@'=W=X&!@:NK
MJ^[N[DE)23`P,!45%>;FYE%147-S<Y.3D^+BXEQ<7-;6ULS,S$M+2^'AX;2T
MM):6EJ*BHJVMK9B8F.7EY79V=M'1T<7%Q49&1E)24E5555145!<7%]?7UV!@
M8,W-S<C(R+:VMGY^?B$A(;6UM30T-,#`P'IZ>JBHJ*:FIF-C8W5U=5]?7^SL
M[)65E;>WMRHJ*B8F)CL[.S8V-EI:6NOKZR\O+TU-32TM+;BXN)N;FWEY>:.C
MHYF9F5!04.KJZL3$Q"LK*]#0T(>'AY^?G\+"PBXN+H.#@Y24E+.SLTI*2G)R
M<AD9&3T]/6YN;HZ.CE-34V1D9"@H*!\?']C8V#HZ.D='1X^/CVMK:^3DY,O+
MRU=75ZRLK*ZNKM34U#<W-TA(2(B(B&9F9GM[>]75U:"@H&)B8M+2THF)B4]/
M3VQL;#@X.%E965Y>7JJJJG!P<-/3TS(R,H2$A(:&AK&QL<[.SI"0D)Z>GJ&A
MH8N+BUM;6XJ*BEA86(V-C</#P\G)R9J:FJ6EI;"PL+*RLG1T=)*2DAP<'.WM
M[<K*RL_/S^CHZ"DI*9&1D6=G9ZFIJ6IJ:FAH:*>GIVUM;5965IV=G6]O;V5E
M9?S\_/W]_?[^_@```/___R'Y!```````+`````#V`$4```C_`/\)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$FRI,F3*%.J7,FRI<N7
M,&,Z[->/W[Y^_P[P`["/7[^;-G\2(`"`:`(&^P``>."3P(%]^Q(D^`=5(,V:
M$#!,P8#B!%<:R`BQF#!!D8@/(D1H:<4!&R)$D[XE.2:H2#0I16HY4@8ISY<]
M9"U8F,#A@QUR;)A]8&'A`]G`CB>(N$*VA`4]-##0B'$"1=>M(8CV.T"`GU.>
M/OE!2`"@WX.B!QX<;<WO7[^E.@7:M-DSM4R-0?<A!>`SP4X(#Q@0@#H4`(3A
M!U1`H"G\`0UAH21M^2,$A@T;?';H__BQX0*36^,WJ"D2111>-U)JZ:ME;-HB
M>TZ<B)EFY-R'8(W4H\T:GE`!A2M>O!`'..SE0($_`C3`R0H#"%#`A04($(`_
M`0B@X0#^&&!"#K;T<$@/.?3`Q`4;#./%#3OH<@,4GWA213)T?"',3?MH\-I0
M1Q%`E7&B,7<33PGP6-MO%]5T0`4'_$.<:4Z5!H`&<TQ0`CY&+)*$('FLDD<S
MOX#Q"110",),%BFDP(P1X10B3EJ#Q,!C3SS]E``!/Q'7)S^[[1/E/J751)52
M##"0P`@/],9;GP!44`%2CC:%5`C9B,""(H.15<@61A@2QC2BV``#,9>X$,``
M!2A0P``#K/\:ZP`2ON#()Z$@P@$0F2B%DZ`5)#":5`\,59I`-S%9T4\'',!`
M+T-@,`@6)Y`R`1LIL%)'*%O(4X)EBI`B`@<6P`&"5B?,L-.3L>EDVE-/\;@<
M5$G16U1/]1(E'+[+^=33;1!,J@%J-BD%P`%%`<K/434!>B]/A"9[<,$W0=`&
M"2"@@`P0A'&ZS2K7O+*)#2\DLL(&'BP@``4Z,+&"#3?8$(4SAD@RR0<64(/"
M#*L1D&1-R2H[T3XS$$("->G<(4TC^"C2#@-"5?!PP4_Y2ZF^>1*@G,$^1SDE
MCQ`_^L].-G5-``14.7H;GD,)6O5N8SOETT]+#K1;;37AQ,\!K#G_3-38IA7[
M)V]!_4/#'BPTXL0-3\2J@`0-Q'IAA?Y(4(,-F%CQ214<H'!`/\8)O=!M4F4R
MQ!R9E%-"E'R*[GI'//VC0BI5*$.$#9MT@<8`"&18@#\%&-`A`OZH`XX@;'RP
M#`9I*%=:4C3-O=-/20&:DE`'T*`$OJC1]/KW&=$MY3X5'#L$%A9H(08T31C@
MCZL*@-A!!/Y0$`$.%ZS@!RMT"`/`/\:)U#ZH4CX"!*MN)@$:O2"@&JDT!7P0
M7!;>BM(:UD0/`"%X0)0&`8HBZ*(+)G@5B-Y7@`!T"%8-B(,16$""-I0A!*2)
M%S^@=CWJ,.`?H;$-H1`8P1XV)'I7\8E`_Q+P%*6$(`014P$`>@&'"9S"##)X
M7X4"(`'?$<\#AS@$#%X!A`J4+6@J(50%;L,;XOS/AVADR`6AUS5`'8DX/M-7
M<\JWCQB(H!NGH,42(M```0!O50KP8P`,L(E\S&(2=FK)_Q!HJ#0Z$B'>LXT0
M\Q;$N4DR-3>ACO=B,`XR9,$,7$""`00@O%F-4@(ZN$01OF&!*:C`;4ZAGFD&
MZ$8>/O*6:6S8W@P'#'ODP@4(Z%``@CD``T0``0)P@1!X<0=3$*51%'R-E**$
MRVHZTE!184`(&$";?=C!#9?``:LTU(`,A>AW`]#!&DQ!G)X,"8C6C&<$&X:L
M)+4S*0!HP3@8$?\%"HQ2`,7L(_`$$($+-.,+99AE5.`FSX:Z+GJ9U"3A_C>"
M`XRB',9@0@&""5`%!))X`3`!'XS`@1'4TJ$H558D;8,3JRS)7T`)P1[2@8E*
M2,"/!6@``MQG``1$8`-1"(4>I`8Q65XEI4B%(&VP``8O.$`!$9"!`02*@`:8
MD!)C8$$9_O842;8TJ6`56C\84(&D0``+9H`%`F+EC[4"KP'^&``%(,$!%4!I
M;YD,JUZ9A)2R'4P%YJC&5!T`4.'Y`T((P($#7/&&3%IRKY"%"4W.-H(=O@$*
M+HB5A@Y+*S\B0`+^X`4)8K/2AP`@2?_0``%"P0UK9($1G4#M0!0HQ(7_U'(T
M=C..PK[ZD+S-EB`X*2U(>K,<O@EJ@`2!#01@^-#@LO17YJB$`.('4%8==D-M
MI00C^)&<J/RC`@Z)E`98\(P%F#!"T[V$%D:SG#[IQF>\+4B]HL*<X$Z-(K=!
M&`+QVH]CA82,.!G"%Y*0@B0DP1!M2D$8'A$*.;@3C0_HAQ*8L0%D'O9WA^6L
M`A:P`V20]6Q*:<@^1O"-)A3@J0!%I@(<H`I<?*YL\W+*YQ+"FWKYY%YWLZ4:
M`=4PWN[$3_'MR&A:\P\6=(&SU875[YH!`BD%^7L](4`(6!"%""@@`!C.,*PB
ML(`7G.,!3)DQ0P@P@0T40`+#-("K#%!,#Y#!_XTR=BD8#7(D#9;&*8+"R<3P
MJY2JN'1O5A))?V,GB0=I"+L9]L<C0K"W)[\NQ#H9Q!\B`*M$<TAX%C(!(UJ@
ML(;,X`\!:("5E_`)0W"(0Q0PQ]A&,`4@%`8()]"`C@4"@!B@(`2:3(H[2"",
M(5!3(N)C@!):0!`(Q&`=5'&T1MS;`A\XX,(?JO02/''&-,I:!0B+TB,@AV@.
M#3*8_AR#"JQW$)I$J1\?B.)A$0"%&,SAU`7`P3G^@0LS_(`"?HQ`$Y(0B7\H
MP0U"N`$/:`&$;1`A!Y6(`C9LHX1%Y((+MM`!)5YPAQ:@P`K/X`,1@H".?\RB
M"SMX`0R20`(J:(,*LO\@@RFT88E$),('V]Q"$\Z@"6/@8FW]D$,R'*&+%-@A
M!CD1DJ"*0H`3L&(6-_\'(;8`BF3<@07@/<U4L&")2Z,35B#RP[A000=/M(($
M[F`!*.Z``=W4!@3UJ,,V)`&$I[CFM,V:"ASN8(<T^,P7=;C##`3"@!_/.'9C
M;8W/-)`&Y,X6;X8J0Q&"R>83FO"P$2@`$E"Q'!H#J@)B:.OO$/"-!)BZ`.;-
M0`@FX0(V:S96$="%+U#ACP88P``=0,)&!1!,3I"@%4_H'4`OY(\%Y,,=/S"G
M/]R@@1MPZ'=G.$4$`J``V"N@=_&3P#!V@(-_#L`/0V!`.9H0HEBY+P(^>$#_
M%0X;R`P$(0?^X`(P4'&!MF)YK;!@Q8L%HH5;`.^PZ+@A04X!6O<=X0D-X`"_
MHPZ,D'-@<`C`TU,(@``Y\`7_X`W#M`#^<`&BD`'^8`.$0`4FX`_/E@,\T`$F
M9`"3$R+#IP*(<`%8]CLEH'^0]#\A``.D!#PCE&C"@P;+H!"TP0!J<&K&A`@,
ML`L[0`0WX`6"``2)$#R!U"%MY0\N``9T`#P[U2$9,$P@H@Y4$`1MM0`9(BO^
MT`1W``O6Y0&[<`(K$%<>P@=4H``<4DRDM%,9@@`>]2H26`.3\`49L%$+*(+$
MLP*MP`QMU7QP2#Q<4`2V$"*]LU-^E`M8,#8XD0YJ_P@B!7`,&-`&)T`#,R`'
MB[=AK"*")^9'O``"3K``S;>%;.8/,(`!.Q`B!J"%L1(`?5$)@#A,Y@17*V!5
M2U@$,9`%%,!\`:`*0T!D"%$V_P`*3*`A%F)I@Q0\B\""!K$V>-`%&B*"$K`]
MPF(:_-`"?>`AH/<.SM`!WH8`7@`)O8=8=[@J'2(#@M5\$A`$>8`#&78!:Q``
M%$`\%T`N%M@A3R`&C@`A%_)9J_B/KB<\K^</E)`'0L"!*U8#9T!*`G`$JS`-
M]8-,"PAZ'>!1R+0!7(`&)>0/*W`%8R,05L!9PU0*-_`"+V`)CT`.L?"'"/!4
M&R6"_O`+QZ`#_E"1&6`+$?\`DRM0!4?F(?_D*IJ`!$L`4`[`;;]S!/XP#_;W
M*OX0#Z;``R!B``X@"9$@9N66-P<`!:!'@HGF1SVU`KT`2:K!#]R`!L<G`&>0
M$Z_Q.0^`!1`"*QU@!9&086JV`EBX*N#8"3G@6:34`6Q6`!W@!R4P#T3P`CS@
M!N%P8?Y`!&_@#/S(D<>`?FHH`;+0"AN@BA>X#;K`CP:0`\,05\"S!E,@!1EV
M!/1@!G^X8@N@A1:R4_[@`QHP#1[`!+#0!24@)?_0!L2PADR9:#5RF7[D#W^`
M"1G@(0XP`#5@`@YPG/X`#S3``^.8`VMPF>:XE3A0`$L0@,S7#!=P4Z"U`'3P
M!RC_Y@_=$`Y'H%C^(`JC@)LTUE[_8`0+\&Q9EF''*0`20`C*EAQ)((OR2`__
MH#4^<0`:0`6:YP\R8`YID&&KX@#>Z$<2L`IX\`-*Z``5%E<F)'GH4`+@E09^
M$%=KI08D(`H>NICU`%<:L@%:D`T;"")H0`=P<)`>$B&[:%X+D'*Y<%T=X`5'
M5HJ5\`JG\`B%"(<#\`3>8`32P`(?@`4SD!1%5@HDU(H;LB&2D`)KY4<+$`P<
MP`G=IP!'(`$5XCY4T`@]L(1(\`?J@$P;4@VO8`V8<`06LB&)T`N/\&R@Q04E
M8`Q5M"'`X`2[Z``-T`WKT&@)(236$PPN4$(SF&%P*`$*_S`!3S8:3X()UY5,
M;\8(4A`-@@`-;N"D%:(`&^`+9&"(W798%Z`%(G"<JV@"4(":"]@`6MA[0M`)
M(/`@A[4`BX`'A0@K`M`'7\`A?J0*("`.U^4/[\`!6F"!`'5A69:,4^4/'G`&
M)J``<-4`IR`0[1`%[S.*PO,#UC`$_?4W;.`"QU=",CH`'6`'\?"6_M`#;^`)
M,E!IJQB5P>2G@V2E@"`!`N@/:%`'#_`/=.".V%4'_P`-P718?O`&M9!9A[4)
M3(!E_L`'4\`GK9,048$3A;`$WF9IZR8`'J`(CJ83":`*/55,+L`.$!`'"LI\
MX[0`?X`'\'!JQZAE0:`'C7!A`?\`"&P@#R%B/PLP``I``0WP"Z!@B`::#MEP
M6`!%`;3`"QD+`_\P?J?&`R!@#99&.3%[8KWC#TR@"3GE/IJP!_^0**8V`*_*
M?,\6#4K@&@+Q"1NIKZZ@#[(0#8Y@!T"PDL&)":-@#*T7G!G+@:Z*81.Y(<\6
M!R`@)%;@ER.TB(D`FOX@"R<0#:#EH!7B1U4``7$T.H:R"Q)X:AJKAC@P"(]*
M%!#0>";4!+V@!SVP(03%!%?&*B[`"C,`!9=6BG3I!Y'`M#WK`#5`"AI0"$X`
M"&M%/[$B`XN[8@39!IV@KD@@!4?&5F[P#^EJ6/<``=[P/J]W7IJU`K50"[GP
M!^```[__P`6<J0Q`)Q!IP`:7H(4]%9P>4`X?&0*DN80[,`AX$B5?L**'50P$
MT`?NAUTFM%:5\`([P`,EZ07/X`'6Y0]&$`+_J0:_(X$7T`N=0).GA@]ED`?>
M&"L+Z$>N(`>GM1,X^"[_D`(4H*O(*#DU0&P'88T,`)HE5`HHD`4R\"H%D`$[
M&%<*X`&S(`[H=TZ`H(:'U0"OT`+B^RH"<`&OD`77@`YC4`PTZ2$YW#B#=($,
MH`]<J0G7\`2@20&[,`1:&C_^D`>C<)!3)`%1M"$>``88L`5JX`Q]L`EBX*0.
M2@4"40:$8`&%0`Z?8`;BM%$&*@^X20+&=XSW,`AX``*(G`F&_P!:&38'@^"D
M;9NQ"[`%J9`%\`$-VN`#9ME\_E`'4?(`?3!*1^D+*8"QV$4*_[`%[GA8:C9(
MP%!1"&-X*YP3J=4,&4)[&LM66R#+!"$H*M#"P:,A)N`#2\`[O.,*VL`J$D@!
M7B"[<+4`.G`#<,4A:$`&(,`A@30``N@A$E`$F>`#$&),1W`!`ND/.>!L*NL/
ME@`*[N-'39`*G8"L!IH,N#"F&-(#6OH[AV`'$Z`))'@&F/`#$.(/MZ`%`C$'
M"'A8RC`$X#R0.C`'__D/<W"9;G4(WP$#7L`#D,`#Q.,^G"`,LP!:&VD"#_(J
M'D`(TH`$`B"!KJ`+RW=E2P`$M*8&'O_E``&P`*+P!`Z@,OZ0`6_P#W5PAYWJ
M/I=``_]@N7N"@X3R#R6P`H>F95&*94\P`@GQ$ZD%"""R`!'0FFQVQ'LP!R9J
M0N:H`+?@`4Y0"[VW``BP`7HP?CZ)!$$`@K&R`!*``#+@(8`0#9>PM]*JU56J
M`%+0#>^S(5$``HY).;GP!G<@@6K8`UGP"^/H`L/@I!\5!4[P>G#5!8,@$&2`
ML<O7`V+P`F\5`#YP0U-Q#&;X>J_W.R5D`]RW*O[@!"T@"YS8BU``"R28`6/`
M!1NU(6)@!GTD@<10=OVP#G%@3%#%9H3%?/X0!4#'#6Z*92,4#-7&$,[Q#R-@
M!GR;8;=,2D__(`W"DA`W=`!K(#Q^*H,BF`AVD`!*D`<#C6@"\`1L,`[/T'H+
MT`#-0`VH[2$];04U8*$9X@"4-LQV0`F7%H4;S+'@X`KN,TSQ0`,[N%E$``22
M:F7^$`N#*8H,Z2'$4PV[L`EM!2)JD`8"(0T>L(H08B%,R0>!\`^-0@""$"(J
M/CEL-0PYD%/!Q`9#`.(+L(&O0`<7H-8<J(`>X`]Q(`EGL``#:06!*B30T`$.
M0`''Z0+'23F[,!6HD`&P\G@U@`?`R!#NY`/>V)7!*3FHD`;"93>G10!M0`=F
M4.0*L`0WL`GAT`;.P0]E``9Q\`Q<8`DP``-CD`K\4`@9X#X#L`2K_T`#I*F%
M"B"UC*#%Y01Z'N`-B/``[@`&[DA0SW`#FY5^8-!^KF<"J$`"U%D_8W`"D&T`
M+J`#^0`!(E`-'*)[(*(+(*`(%%T_1M"O_X`"CG!E.L4["^`"T,`.<?,/;P`#
M:XB,"X`$,H``HE@_P#`!W(<`#Q(.2N`#$B"*"UA,_M`',U`,WOAXR7!GQ"$&
ME7`$00`)HC##[I,!$X`VIH!^C^<!=E!9#^$SUG`+D:QE(`((C<``SE+5I5%6
M(S`$'#,!J8`!<L!`,U0!(Z`"6A$(4X`"--`"#``!HY`*'-`)'W`%L;8,)<`!
M5V`!V0`!+>`+<\`*Q1`*@C$#0\$`F3`!6_^P!25``AC@&&GA"S0@&!_P`:DP
M"@\P#E<@\B(@!P^`#!W/`G`0L2.`!4E`"WT@!6LP!HR``?Q``_!@!6&0`E3`
M#NT%`"A`!H\0!T00CLS0"G@`\*/1#S/P!8^0!5L?!G(_!M?`#0@_`18P"<%0
M`G@P`U?P#6ZP`^"P!P`@!YW`"T1`#"&W!G50=A8`!HL0!DF@QCV!)520#->0
M!'!``*+@._Z@"BB`![C@"8"0L=XP`T7Q$+U0#,`;.1KK1XD`"BV0`%4Y:P!T
M&PF#-U"1&]$3ML="-Z<%7,]#&C2QYF/#-TH1)0L#8E_5&T"Q,&/3&E#A/341
M_#_1,/3B$P^@`O;_!#%$$<MQXT9,JC#N-%]%-12%0VNM01S(TB^C,4!T@T]Z
M-D!(013<!"A64AL8<&0.`!`(`F2Y\\.`@`#^P)1Q0N36@`(#_,$Z=P!``@+\
M_FT$L/$?OX[_#B`J8B""@@$!$A;P-V"``A[B`#`X4,'C39PY=>[DV=/G3Z!!
MA0XE6A1HOW[[_BDYXT^`4P0&("X($&0&(B0'`[CT)TG%/K#\]A$806#C`:40
M_HEX@:#`U@$"!*0,((""JD8'U!KEV]?O7\"!!=]$JO0`I`@%WBY0W*"`#2W_
MK*")J,#`@B`H^*$%24`IR'X$`.S3PZ9&@P8N+2-`H"!A#S$@$B0`$'+P_VW<
MN77OSGF`0+]_;599ZM'C1R5*0D+AV<CFS(I2JFBQJ-"O=N%]+2(]X!>IA)4@
M!MS.?=K2;0-.AD@P\*Q"@T;>\>7/I\^3_3X`&D?I.1%(&+46DN*GA0<P>".0
M2`[@!S1^^EEP'Y"0H>62#`1*2`$!&$/`'P[/V":&!)("0$$(S*KO1!13%`P`
MI/XA0$$'P0)`!8Q"?(`[!QEX8"RQ_B&A$"-XB*`\?Q1CR8"#!+B@CV+6^R>!
M?VK[QT$5J[3R2J+Z\:W!S3("JY_[$F"``0`(4&*9">CX0Y,?&MA*`,7<<JF!
M#%:((PP.TO`,/BS[]/-/G;2D;2P-QMJ2@`<@@/_PA`]F4>:T@QQ03(&(&O!G
M@:=66*,.+%0XX"/K^`1T5%*K=+#%?C0(,8$8`F$GF$6@H."M`"*XK`"!9KT4
MB5SXP":-,@[HYX$$('10+.!*57;9^8X%:Q\YJA!D!TUZD$`"3#D<P(&YH#+@
M$'J^L*`=`B`8X:(7,UK0V629=1<WZY2:LL4IZ]V(2Z20:A"L*>'3E\6D@!L-
MWWF!TP"70G9)01E+*H1H``/>DJC(`A#Z08A?DFB$E$Q&^\RLI#+J:+2"VWWW
M9,'PXQ)?L2`<6*P'N10-K=!H:]GCP@YH`P121"##B!2<(":6&IA(+26YZDI(
M@`PN>"<(/IQA!1LX2!C_PK=_Y$5Y:U-%`PG"L#;#"-U]DH)QGV)'++,"M!(8
M00\6"H''D!3$Z(,/$YQ:0**Z*A;@L@`BBN`=(NQ9I8HK]&A!HY8A)""CW[B6
M_$20RO0-PBDA4+3!&`_00(Y`0!"&%"RP\6&-;JRXYX8F*#"@K@;D@DBE`"A]
M20$D+JA!B!>L\"08#&CBQ[,1QTJ*`?Q8O,[DR9OGS3K+RY2>'PU,F>0#+689
M0PPG:-F!B!HB0*"!!1"`,R*D!XBJI0"DV@`&2^+((XQ3M.#`E#+*W@?Y+RT2
MTZ(IH45'(;F.\YHG(.`(:",*+-@"3S4O!LP@!CN#`QR`,(D)5($74C"&&G[@
M_P^E)<0M(%Q`:CCDCR-L@`FPZ(`)?G"(W07!#Z>H0Q7(<85S#:]E3U)*C#PS
M)<P]J2.G8M$"@_@DYAEP5*$A$^>0!0`()&!!:H-0`DH4@A-P`!7<``8H'"$$
M'NR`!Y1@P@8N@`-LL:\`EI%(:Q"B$G^8@!B.$(016L&""7S`%%,X`0D(T0YJ
M+*-C95-B(>.C@D#LP0)7T,(7J)"%,(Q!%E&``0QN$`L=2*`#1SBC`'30!%O$
M`@87T!WO8C$,/RQB#"G(0A*V``Q$*((#V0C!@AJ4``$28#:V[)*Q&D=(0P93
M,*%YT2AB@`(4G.`-XOC`!":PR!*4@`,6$($(%+&'<9STS!?+@$,@,$"(/>@!
M&8$@P124H*"6$8!,#MI2O@8VHHR<RB)?"HNQA'G/P"`+)`<8U`'8@Q1$,>!?
M%:C`"'8T$V'Q8S8$*"B+T#8:T91+H!<!F+[R)29[!C$I8/$:/CWJ%]#4BP$0
M6)!'Z.6BA'X-9O34Y9[V&:)DC4@C^=(7YDXE%L\\ZS<XQ4@2/_I3H`95J$,E
*:E&->E2?!`0`.S\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
