8-KFinancial EventsExhibits & Filings

CMS ENERGY CORP 8-K Report, Auditor Change (Jan 25, 2007)

Filed January 25, 2007For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) and its subsidiary Consumers Energy Company have formally engaged PricewaterhouseCoopers LLP (PWC) as their new independent registered public accounting firm, effective January 24, 2007. This change follows the dismissal of Ernst & Young LLP on November 30, 2006. PWC will be responsible for auditing the companies and their employee benefit plans for the fiscal year ending December 31, 2007. Investors should note that this filing primarily concerns a change in auditors. The company explicitly states that there were no consultations with PWC regarding accounting principles or reporting during the relevant periods, nor were there any disagreements or reportable events that led to this change. Ernst & Young will continue to audit the financial statements for the fiscal year ending December 31, 2006.

Key Highlights

  • 1CMS Energy and Consumers Energy have appointed PricewaterhouseCoopers LLP (PWC) as their independent registered public accounting firm.
  • 2The appointment of PWC is effective January 24, 2007.
  • 3PWC will also serve as the auditor for the Employees' Savings Plan and Employee Stock Ownership Plan of Consumers Energy Company.
  • 4Ernst & Young LLP was previously dismissed as the independent registered public accounting firm on November 30, 2006.
  • 5Ernst & Young will continue to audit the financial statements for the fiscal year ending December 31, 2006.
  • 6There were no consultations with PWC regarding accounting principles or specific transactions prior to their engagement.
  • 7The company confirms no disagreements or reportable events occurred with the previous auditor that necessitated this change.

Frequently Asked Questions

CMS Energy and Consumers Energy have dismissed their previous auditor, Ernst & Young LLP, effective November 30, 2006, and have engaged PricewaterhouseCoopers LLP (PWC) as their new independent registered public accounting firm.

PricewaterhouseCoopers LLP was engaged as the independent registered public accounting firm on January 24, 2007.

Yes, Ernst & Young LLP will continue to serve as the auditors for the consolidated financial statements of CMS Energy and Consumers Energy for the fiscal year ending December 31, 2006, as well as for the financial statements of the employee benefit plan for the same period.

No, the filing explicitly states that there were no consultations with PWC regarding accounting principles or reportable events that were the subject of a disagreement with the former auditor, Ernst & Young LLP.