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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950152-09-002044.txt : 20090302
<SEC-HEADER>0000950152-09-002044.hdr.sgml : 20090302
<ACCEPTANCE-DATETIME>20090302140320
ACCESSION NUMBER:		0000950152-09-002044
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20090302
DATE AS OF CHANGE:		20090302

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:	333-153353-03
		FILM NUMBER:		09646635

	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>k47509tsfwp.htm
<DESCRIPTION>FORM FWP
<TEXT>
<HTML>
<HEAD>
<TITLE>FORM FWP</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="right" 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">Filed
    under Rule&#160;433<BR>
    File
    <FONT style="white-space: nowrap">No.&#160;333-153353-03</FONT></FONT></B>
</DIV>

<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">

    <FONT style="font-family: 'Times New Roman', Times">Final Term
    Sheet<BR>
    </FONT>
</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">

    <FONT style="font-family: 'Times New Roman', Times">March 2, 2009
    </FONT>
</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="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    Issuer: </TD>
    <TD></TD>
    <TD valign="bottom">
    Consumers Energy Company</TD>
</TR>




<TR>
    <TD valign="top">
    Security: </TD>
    <TD></TD>
    <TD valign="bottom">
    $500,000,000 6.700% First Mortgage Bonds due 2019</TD>
</TR>




<TR>
    <TD valign="top">
    Maturity: </TD>
    <TD></TD>
    <TD valign="bottom">
    September 15, 2019</TD>
</TR>




<TR>
    <TD valign="top">
    Interest rate: </TD>
    <TD></TD>
    <TD valign="bottom">
    6.700%</TD>
</TR>




<TR>
    <TD valign="top">
    Yield to maturity: </TD>
    <TD></TD>
    <TD valign="bottom">
    6.706%</TD>
</TR>




<TR>
    <TD valign="top">
    Spread to Treasury: </TD>
    <TD></TD>
    <TD valign="bottom">
    380 basis points</TD>
</TR>




<TR>
    <TD valign="top">
    Benchmark Treasury security: </TD>
    <TD></TD>
    <TD valign="bottom">
    2.750% due
    February 15,
    2019</TD>
</TR>




<TR>
    <TD valign="top">
    Benchmark Treasury yield: </TD>
    <TD></TD>
    <TD valign="bottom">
    2.906%</TD>
</TR>




<TR>
    <TD valign="top">
    Optional redemption: </TD>
    <TD></TD>
    <TD valign="bottom">
    Make-whole call at any time at Treasury rate plus
    50&#160;basis points</TD>
</TR>




<TR>
    <TD valign="top">
    Interest payment dates: </TD>
    <TD></TD>
    <TD valign="bottom">
    March 15
    and
    September 15</TD>
</TR>




<TR>
    <TD valign="top">
    First interest payment date: </TD>
    <TD></TD>
    <TD valign="bottom">
    September 15,
    2009</TD>
</TR>




<TR>
    <TD valign="top">
    Public offering price: </TD>
    <TD></TD>
    <TD valign="bottom">
    99.952% of principal amount</TD>
</TR>




<TR>
    <TD valign="top">
    Trade date: </TD>
    <TD></TD>
    <TD valign="bottom">
    March 2, 2009</TD>
</TR>




<TR>
    <TD valign="top">
    Settlement date: </TD>
    <TD></TD>
    <TD valign="bottom">
    March 6, 2009 (T+4)</TD>
</TR>




<TR>
    <TD valign="top">
    Ratings: </TD>
    <TD></TD>
    <TD valign="bottom">
    Baa1 /
    BBB /
    BBB+ (Moody&#146;s / S&#038;P
    / Fitch)</TD>
</TR>




<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    <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>
    <TD valign="top">
    Joint Book-Running Managers: </TD>
    <TD></TD>
    <TD valign="bottom">
    Barclays Capital Inc.; <BR>J.P.&#160; Morgan Securities Inc.; <BR>BNP
    Paribas Securities Corp.; <BR>Scotia Capital (USA) Inc.; <BR>SunTrust
    Robinson Humphrey, Inc.</TD>
</TR>

<TR>
    <TD valign="top">
    Co-Managers: </TD>
    <TD></TD>
    <TD valign="bottom">
    Comerica Securities, Inc.; <BR>
Greenwich Capital Markets, Inc.;<BR>
KeyBanc Capital Markets Inc.;<BR>
Wedbush Morgan Securities Inc.; <BR>
Blaylock Robert Van, LLC; <BR>
Fifth Third Securities, Inc.; <BR>
The Williams Capital Group, L.P.</TD>
</TR>




<TR>
    <TD valign="top">
    CUSIP: </TD>
    <TD></TD>
    <TD valign="bottom">
    210518CS3</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">
    <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 Barclays Capital Inc. toll-free at
    <FONT style="white-space: nowrap">1-888-227-2275,</FONT>
    Ext.&#160;2663 or J.P. Morgan Securities Inc. collect at <FONT style="white-space: nowrap">1-212-834-4533</FONT>.</B>
</DIV>

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

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</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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