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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950124-08-001129.txt : 20080310
<SEC-HEADER>0000950124-08-001129.hdr.sgml : 20080310
<ACCEPTANCE-DATETIME>20080310163020
ACCESSION NUMBER:		0000950124-08-001129
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080310
DATE AS OF CHANGE:		20080310

SUBJECT COMPANY:	

	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:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-120611
		FILM NUMBER:		08678100

	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

FILED BY:		

	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:		FWP

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>k24642fwfwp.htm
<DESCRIPTION>FREE WRITING PROSPECTUS
<TEXT>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Filed under Rule&nbsp;433<BR>
File No.&nbsp;333-120611</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Final Term Sheet
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">March&nbsp;10, 2008

</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="25%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="73%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Issuer:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consumers Energy Company</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Size:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$250,000,000 5.65% First Mortgage Bonds due 2018</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Maturity:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September 15, 2018</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest rate:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">5.65%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Yield to maturity:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">5.699%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Spread:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">225 basis points</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Benchmark Treasury Security:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">3.50% due February 15, 2018</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Benchmark Treasury Yield:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">3.449%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Optional redemption:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Make-whole call at treasury rate plus 45 basis points</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest payment dates:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">March 15 and September 15</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">First interest payment date:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September 15, 2008</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Public offering price:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">99.617% per bond</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Trade date:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">March 10, 2008</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Settlement date:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">March 14, 2008 (T&#043;4)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ratings:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Baa1 / BBB / BBB&#043; (Moody&#146;s / S&#038;P / Fitch)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Note: </B>A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Joint Book-Running Managers:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Barclays Capital Inc.;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">BNP Paribas Securities Corp.;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Scotia Capital (USA) Inc.</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Co-managers:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Greenwich Capital Markets, Inc.;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Wedbush Morgan Securities Inc.;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Comerica Securities, Inc.;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Wells Fargo Securities, LLC;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Williams Capital Group, L.P.</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">CUSIP:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">210518CQ7</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Consumers Energy Company has filed a registration statement (including a prospectus) with the
Securities and Exchange Commission (&#147;SEC&#148;) for the offering to which this communication relates.
Before you invest, you should read the prospectus in that registration statement and other
documents Consumers Energy Company has filed with the SEC for more complete information about
Consumers Energy Company and this offering. You may get these documents for free by visiting EDGAR
on the SEC website at www.sec.gov. Alternatively, Consumers Energy Company, any underwriter or any
dealer participating in the offering will arrange to send you the prospectus if you request it by
calling toll-free either Barclays Capital Inc. at 1-888-227-2275, Ext. 2663, BNP Paribas Securities
Corp. at 1-800-854-5674 or Scotia Capital (USA)&nbsp;Inc. at 1-800-372-3930.</B>
</DIV>



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