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JACKSON, Mich., March 30, 2005 /PRNewswire-FirstCall via COMTEX/ -- CMS Energy (CMS, Trade) announced today that it has priced a public offering of 20 million shares of its common stock at $12.25 per share.

CMS Energy also has granted the underwriters a 30-day option to purchase up to 3 million additional shares of its common stock to cover over- allotments, if any. CMS Energy expects the issuance, delivery of shares, and settlement to occur on April 5, 2005.

Bookrunning managers for the offering are Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Deutsche Bank Securities Inc. and Wachovia Capital Markets, LLC. Co-managers for the offering are Goldman, Sachs & Co., KeyBanc Capital Markets, a division of McDonald Investments Inc., and Wells Fargo Securities, LLC.

A prospectus supplement related to the offering will be filed with the U.S. Securities and Exchange Commission. Copies of the prospectus supplement may be obtained from the offices of Citigroup Global Markets Inc., Brooklyn Army Terminal 140 58th Street, 8th Floor, Brooklyn, N.Y. 11220, J.P. Morgan Securities Inc., Chase Distribution & Support Service, 1 Chase Manhattan Plaza, Floor 5B, New York, N.Y. 10081, Deutsche Bank Securities Inc., 60 Wall St., Equity Capital Markets, 4th Floor, New York, N.Y. 10005, or Wachovia Capital Markets, LLC, 7 St. Paul Street, 1st Floor, Baltimore, MD, 21202.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. The offering may be made only by means of a prospectus and related prospectus supplement.

CMS Energy is an integrated energy company, which has as its primary business operations an electric and natural gas utility, natural gas pipeline systems, and independent power generation.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include estimates and give our current expectations or forecasts of future events. Although we believe our forward-looking statements are reasonable, they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties.

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

SOURCE CMS Energy


Media Contacts - Jeff Holyfield, +1-517-788-2394, or Dan Bishop, +1-517-788-2395, or
Investment Analyst Contact - CMS Energy Investor Relations, +1-517-788-2590

http://www.prnewswire.com

Copyright (C) 2005 PR Newswire. All rights reserved.
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