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NEWS RELEASE

Consumers Energy
2908 S. Center St.
Marshalltown, IA 50158
800-696-6552

Release Date: Immediate

Contact: Deb Borton @ 641-752-1593

Annual Meeting Post Press Release

Consumers Energy held its 64th Annual Meeting on September 5, 2002, at the Marshalltown Senior High School in Marshalltown. Over 300 owners and guests of the cooperative attended the business meeting.

Elected to three-year terms were Kathy Buschbom of State Center, Allan Armbrecht of Colo and Mark Tinnermeier of Newton. After the annual meeting, Robert Collins was reelected as President of the Board.

Robert Collins of Colo presided over the meeting, which included reports from Lee Dadisman, Secretary-Treasurer, on the financial status of the cooperative. Brian D. Heithoff, CEO/General Manager of Consumers Energy, opened his report with a question/answer session from the membership and reported on the operations of the cooperative over the last year discussing the advantages of doing business as a cooperative. “Our most important lesson of this year may have been a stronger realization of the unique traits of cooperatives. Consumers Energy centers on a consumers-first orientation. Our mission is simple – what’s good for our member-consumers is what’s best for us. What hurts consumers hurts us. A simple approach, perhaps, but a solid statement to our foundation. "The best lesson we can learn from this past year is that co-ops should never stop showing why we’re unique," stated Heithoff during the meeting.

Consumers Energy is a progressive energy distribution and energy services company serving 4,700 customers in Marshall, Story, Polk, Tama and Jasper Counties since 1938. Today Consumers Energy is perched on the threshold of a new and challenging future. Consumers Energy is also a Touchstone Energy cooperative, which is an alliance of local, consumer-owned electric utilities serving millions of businesses and homes across the country.


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