CMS ENERGY AND GOVERNMENT OF VENEZUELA SIGN PURCHASE AND SALE AGREEMENT FOR SALE OF VENEZUELAN ELECTRIC UTILITY AND RELATED ASSETSCMS Energy and Government of Venezuela Sign Purchase and Sale Agreement • April 5th, 2007 • CMS Energy Corp • Electric & other services combined
JACKSON, Mich., April 4, 2007 – CMS Energy and Petroloeos de Venezuela, S.A. which is owned by the Bolivarian Republic of Venezuela signed today a purchase and sale agreement for the sale of the company’s interest in Sistema Electrico de Nueva Esparta, C.A. (SENECA), including its 88 percent equity ownership, certain associated generating equipment, and other assets for $105.5 million.
