The 2009 second quarter results reflect income from the expiration of a contingent liability linked to certain assets sold in 2007, income from early retirement of debt at a discount, and a charge to increase the reserve for the Bay Harbor environmental project.

CMS Energy's second quarter adjusted (non-Generally Accepted Accounting Principles) net income, which excludes the effects of asset sales, the Bay Harbor charge, and certain other items, was $62 million, or $0.26 per share. In the second quarter of 2008, the company had adjusted net income of $42 million, or $0.18 per share.

For the first six months of 2009, CMS Energy had reported net income of $143 million, or $0.61 per share, compared to reported net income of $146 million, or $0.60 per share, for the first half of 2008.

On an adjusted basis, the company had net income of $131 million, or $0.56 per share, for the first half of 2009, compared to adjusted net income of $144 million, or $0.60 per share for the first six months of 2008.

CMS Energy reaffirmed its guidance for 2009 adjusted earnings of $1.25 per share. While the company expects 2009 reported earnings to be about the same as its adjusted earnings, reported earnings could vary because of several factors such as legacy issues associated with prior asset sales. Because of those uncertainties, the company isn't providing reported earnings guidance.

David Joos, the president and chief executive officer of CMS Energy, said despite mild weather, the solid second quarter results were consistent with the company's full-year earnings guidance and reflect strong operational performance at its Michigan utility, Consumers Energy.

"We are continuing to focus on providing reliable, affordable service to our customers while investing in new infrastructure for the future," Joos said. "These investments are creating jobs now, and supporting economic recovery and long-term growth for Michigan."

CMS Energy is a Michigan-based company that has an electric and natural gas utility, Consumers Energy, as its primary business and also owns and operates independent power generation businesses.

CMS Energy provides financial results on both a reported (Generally Accepted Accounting Principles) and adjusted (non-GAAP) basis. Management views adjusted earnings as a key measure of the company's present operating financial performance, unaffected by discontinued operations, asset sales, impairments, or other items detailed in the attached summary financial statements. Certain contingent obligations arising in connection with previously disposed assets or discontinued operations have the potential to impact, favorably or unfavorably, the company's reported earnings in 2009.

This news release contains "forward-looking statements" as defined in Rule 3b-6 of the Securities Exchange Act of 1934, as amended, Rule 175 of the Securities Act of 1933, as amended, and relevant legal decisions. The forward-looking statements are subject to risks and uncertainties. They should be read in conjunction with "FORWARD-LOOKING STATEMENTS AND INFORMATION" and "RISK FACTORS" each found in the MANAGEMENT'S DISCUSSION AND ANALYSIS sections of CMS Energy's Form 10-K and Consumers Energy's Form 10-K each for the Year Ended December 31, 2008 and as updated in CMS Energy's and Consumers Energy's Forms 10-Q for the Quarter Ended March 31, 2009. CMS Energy's and Consumers Energy's "FORWARD-LOOKING STATEMENTS AND INFORMATION" and "RISK FACTORS" sections are incorporated herein by reference and discuss important factors that could cause CMS Energy's and Consumers Energy's results to differ materially from those anticipated in such statements.

For more information on CMS Energy, please visit our web site at: http://www.cmsenergy.com/

                              CMS Energy Corporation                   SUMMARIZED CONSOLIDATED STATEMENTS OF INCOME                   ---------------------------------------------                      (In Millions, Except Per Share Amounts)                                               Second Quarter   First Half                                               (Unaudited)    (Unaudited)                                               -----------    -----------                                               2009   2008    2009   2008                                               ----   ----    ----   ----      Operating Revenue                       $1,228 $1,365  $3,334 $3,549      Loss from Equity Method Investees         (*)      (1)     (1)    (2)      Operating Expenses                       1,086  1,209   2,986  3,139                                              -----  -----   -----  -----      Operating Income                          $142   $155    $347   $408      Other Income                                42     15      57     34      Fixed Charges                              105     97     204    198                                                ---     --     ---    ---      Income before Income Taxes                 $79    $73    $200   $244      Income Tax Expense                          29     24      77     87                                                 --     --      --     --      Income from Continuing Operations          $50    $49    $123   $157      Income (Loss) from Discontinued      Operations                                 29     (1)     29     (1)                                                 --     --      --     --      Net Income                                  79     48     152    156      Income Attributable to Noncontrolling      Interests                                   2      1       3      4                                                  -      -       -      -      Net Income Attributable to CMS Energy      $77    $47    $149   $152      Preferred Dividends                          3      3       6      6                                                  -      -       -      -      Net Income Available to Common      Stockholders                              $74    $44    $143   $146                                                ===    ===    ====   ====       Income Per Share                  Basic                       $0.33  $0.20   $0.63  $0.64                  Diluted                      0.32   0.18    0.61   0.60       (*) Less than $500 thousand.                                  CMS Energy Corporation                       SUMMARIZED CONSOLIDATED BALANCE SHEETS                       --------------------------------------                                   (In Millions)                                                       June 30   December 31                                                       2009         2008                                                       ----         ----                                                         (Unaudited)     Assets     Cash and cash equivalents                       $1,025         $213     Restricted cash and cash equivalents                31           35     Other current assets                             2,100        2,579                                                      -----        -----        Total current assets                         $3,156       $2,827     Net plant and property                           9,421        9,190     Investments                                         10           11     Non-current assets                               2,690        2,873                                                      -----        -----     Total Assets                                   $15,277      $14,901                                                    =======      =======      Stockholders' Investment and Liabilities     Capitalization        Debt and capital and finance leases (*)           Long-term debt and capital leases            (excluding FIN 46 debt, finance            leases and securitization debt)          $6,843       $6,204           FIN 46 debt and finance leases               106          254                                                        ---          ---        Total debt and capital and finance leases    $6,949       $6,458        Preferred stock and securities                  287          287        Noncontrolling interests                         51           52        Common stockholders' equity                   2,582        2,476                                                      -----        -----        Total capitalization                         $9,869       $9,273     Securitization debt                                261          277     Current liabilities                              1,200        1,349     Non-current liabilities                          3,947        4,002                                                      -----        -----     Total Stockholders' Investment and      Liabilities                                   $15,277      $14,901                                                    =======      =======      (*) Current and long-term                                  CMS Energy Corporation                        SUMMARIZED STATEMENTS OF CASH FLOWS                        -----------------------------------                                   (In Millions)                                                           First Half                                                          (Unaudited)                                                          -----------                                                       2009         2008                                                       ----         ----       Beginning of Period Cash                          $213         $348       Cash provided by operating activities             $803         $651     Cash used in investing activities                 (436)        (344)                                                       ----         ----     Cash flow from operating and investing      activities                                       $367         $307     Cash provided by (used in) financing activities    445         (128)                                                        ---         ----     Total Cash Flow                                   $812         $179                                                       ----         ----       End of Period Cash                              $1,025         $527                                                     ======         ====                                CMS Energy Corporation                        SUMMARY OF CONSOLIDATED EARNINGS                        --------------------------------      Reconciliations of GAAP Net Income to Non-GAAP Adjusted Net Income                    (In Millions, Except Per Share Amounts)                                               Second Quarter  First Half                                               (Unaudited)    (Unaudited)                                               -----------    -----------                                               2009   2008    2009   2008                                               ----   ----    ----   ----    Net Income Available to Common Stockholders  $74    $44    $143   $146    Reconciling Items:     Discontinued Operations (Income) Loss      (29)     1     (29)     1      Asset Sales (Gains) Losses and Other        17     (3)     17     (3)                                                 --     --      --     --    Adjusted Net Income - Non-GAAP Basis         $62    $42    $131   $144                                                ===    ===    ====   ====     Average Number of Common Shares Outstanding     Basic                                      227    225     227    225     Diluted                                    235    241     234    240    Basic Earnings Per Average Common Share    Net Income Per Share as Reported           $0.33  $0.20   $0.63  $0.64    Reconciling Items:     Discontinued Operations (Income) Loss    (0.13)  0.01   (0.13)  0.01      Asset Sales (Gains) Losses and Other      0.07  (0.01)   0.08  (0.01)                                               ----  -----    ----  -----    Adjusted Net Income - Non-GAAP Basis       $0.27  $0.20   $0.58  $0.64                                              =====  =====   =====  =====     Diluted Earnings Per Average Common Share    Net Income Per Share as Reported           $0.32  $0.18   $0.61  $0.60    Reconciling Items:     Discontinued Operations (Income) Loss    (0.13)  0.01   (0.13)  0.01      Asset Sales (Gains) Losses and Other      0.07  (0.01)   0.08  (0.01)                                               ----  -----    ----  -----    Adjusted Net Income - Non-GAAP Basis       $0.26  $0.18   $0.56  $0.60                                              =====  =====   =====  =====     Note:  Management views adjusted (non-Generally Accepted Accounting   Principles) earnings as a key measure of the Company's present operating   financial performance, unaffected by discontinued operations, asset   sales, impairments, or other items detailed in these summary financial   statements.  

CMS Energy

CONTACT: Media: Jeff Holyfield, +1-517-788-2394, or Dan Bishop,+1-517-788-2395, both of CMS Energy, Investment Analyst Contact: CMS EnergyInvestor Relations, +1-517-788-2590

Web Site: http://www.cmsenergy.com/

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