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Pastimes : ARTHUR ANDERSON Client list -- Ignore unavailable to you. Want to Upgrade?

To: Patricia who wrote (49)	7/2/2002 12:02:23 AM
From: Patricia	Read Replies (1) \| Respond to of 66

CMS Energy Corp (CMS) Ernst & Young now new accountant who replaced Andersen ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. On June 10, 2002, CMS Energy Corporation ("CMS Energy"), Consumers Energy Company ("Consumers"), and Panhandle Eastern Pipe Line Company ("Panhandle" and collectively with CMS Energy and Consumers and all their respective subsidiaries, the "Company") received a letter, attached hereto as Exhibit 99.1 and incorporated herein by reference, from Arthur Andersen LLP ("Arthur Andersen") which indicates that the client-auditor relationship between Arthur Andersen and the Company ceased. As previously disclosed on a Form 8-K dated April 29, 2002, the Boards of Directors of CMS Energy and Consumers, on April 22, 2002, voted to discontinue the use of Arthur Andersen for the year ending December 31, 2002. In a Form 8-K dated May 29, 2002, the Company stated that Arthur Andersen would continue to be retained by CMS Energy in connection with restating its financial statements as disclosed therein. CMS Energy is currently in the process of completing the restatement that was disclosed in the May 29, 2002 Form 8-K, which will involve amending its 2001 Form 10-K and restating its financial statements for 2000 and 2001 to eliminate from revenue and expense all of the effects of round trip trades. These round trip trades are also currently the subject of an investigation by a Special Committee of the Board of Directors of CMS Energy. As previously announced, Ernst & Young LLP ("Ernst & Young") has been retained to audit the financial statements of the Company for the year ending December 31, 2002, including the separate financial statements of Consumers and Panhandle, Ernst & Young has advised CMS Energy that it will audit, to the extent necessary, the Company's restated financial statements for the years ended December 31, 2000 and 2001. CMS Energy will publish restated financial statements promptly upon completion of the investigation and required audit work. sec.gov