Business Description

• 7,000 customers
• Energy management and energy procurement services for industrial and commercial customers
• Markets the products of other CMS affiliates

1998 Operating Highlights

• Sold about 370 billion cubic feet of natural gas and 7,000 gigawatt-hours of electricity
• Traded 22 million barrels of crude oil and sold 1.2 million barrels of natural gas liquids
• Acquired ownership interests in two energy marketing firms: PremStar Energy Canada and Enline Energy Solutions (southeastern U.S.); acquired the Pennsylvania customers of Enerval
• Completed 560 energy management services projects

1999 Outlook

• Continue competing for gas customers in Michigan, New Jersey, Illinois, Pennsylvania and other states as deregulation unfolds