EXHIBIT 25d


 = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =

                                    FORM T-1

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                            STATEMENT OF ELIGIBILITY
                   UNDER THE TRUST INDENTURE ACT OF 1939 OF A
                    CORPORATION DESIGNATED TO ACT AS TRUSTEE

                      CHECK IF AN APPLICATION TO DETERMINE
                      ELIGIBILITY OF A TRUSTEE PURSUANT TO
                             SECTION 305(b)(2) |__|

                           ---------------------------

                    THE BANK OF NEW YORK TRUST COMPANY, N.A.

               (Exact name of trustee as specified in its charter)

                                                       95-3571558
(State of incorporation                                (I.R.S. employer
if not a U.S. national bank)                           identification no.)

700 South Flower Street
Suite 500
Los Angeles, California                                90017
(Address of principal executive offices)               (Zip code)

                          ---------------------------

                               CMS Energy Trust V
              (Exact name of obligor as specified in its charter)


Delaware                                               38-6776930
(State or other jurisdiction of                        (I.R.S. employer
incorporation or organization)                         identification no.)

One Energy Plaza
Jackson, Michigan                                      49201
(Address of principal executive offices)               (Zip code)

                           ---------------------------

                           Trust Preferred Securities
                       (Title of the indenture securities)

 = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =





1.       GENERAL INFORMATION. FURNISH THE FOLLOWING INFORMATION AS TO THE
         TRUSTEE:

         (a)      NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING AUTHORITY TO
                  WHICH IT IS SUBJECT.




                       Name                                              Address
- -------------------------------------------------           --------------------------------
                                                         
         Comptroller of the Currency
         United States Department of the Treasury           Washington, D.C. 20219

         Federal Reserve Bank                               San Francisco, California 94105


         Federal Deposit Insurance Corporation              Washington, D.C. 20429


         (b)      WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.

         Yes.

2.       AFFILIATIONS WITH OBLIGOR.

         IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH SUCH
         AFFILIATION.

         None.

16.      LIST OF EXHIBITS.

         EXHIBITS IDENTIFIED IN PARENTHESES BELOW, ON FILE WITH THE COMMISSION,
         ARE INCORPORATED HEREIN BY REFERENCE AS AN EXHIBIT HERETO, PURSUANT TO
         RULE 7A-29 UNDER THE TRUST INDENTURE ACT OF 1939 (THE "ACT") AND 17
         C.F.R. 229.10(d).

         1.       A copy of the articles of association of The Bank of New York
                  Trust Company, N.A. (Exhibit 1 to Form T-1 filed with
                  Registration Statement No. 333-121948).

         2.       A copy of certificate of authority of the trustee to commence
                  business. (Exhibit 2 to Form T-1 filed with Registration
                  Statement No. 333-121948).

         3.       A copy of the authorization of the trustee to exercise
                  corporate trust powers. (Exhibit 3 to Form T-1 filed with
                  Registration Statement No. 333-121948).

         4.       A copy of the existing by-laws of the trustee. (Exhibit 4 to
                  Form T-1 filed with Registration Statement No. 333-121948).

                                      -2-





         6.       The consent of the trustee required by Section 321(b) of the
                  Act. (Exhibit 6 to Form T-1 filed with Registration Statement
                  No. 333-121948).

         7.       A copy of the latest report of condition of the Trustee
                  published pursuant to law or to the requirements of its
                  supervising or examining authority.



                                      -3-




                                    SIGNATURE


         Pursuant to the requirements of the Act, the trustee, The Bank of New
York Trust Company, N.A., a banking association organized and existing under the
laws of the United States of America, has duly caused this statement of
eligibility to be signed on its behalf by the undersigned, thereunto duly
authorized, all in The City of Chicago, and State of Illinois, on the 3rd day of
June, 2005.


                                    THE BANK OF NEW YORK TRUST COMPANY, N.A.

                                    By:  /S/  D.G. DONOVAN
                                      ----------------------
                                    Name:     D.G. DONOVAN
                                    Title:    VICE PRESIDENT



                                      -4-

                                                                      EXHIBIT 7


                      Consolidated Report of Condition of
                    THE BANK OF NEW YORK TRUST COMPANY, N.A.
           of 700 S. Flower Street, 2nd Floor, Los Angeles, CA 90017

         At the close of business March 31, 2005, published in accordance with
Federal regulatory authority instructions.




                                                                                          Dollar Amounts
                                                                                           in Thousands

                                                                                       
ASSETS

Cash and balances due from
         depository institutions:
         Noninterest-bearing balances
           and currency and coin ...............................................               9,100
         Interest-bearing balances .............................................                   0
Securities:
         Held-to-maturity securities ...........................................                  75
         Available-for-sale securities .........................................              57,298
Federal  funds sold and securities purchased under agreements to resell:
         Federal funds sold ....................................................              19,000
         Securities purchased under agreements to resell .......................              95,000
Loans and lease financing receivables:
         Loans and leases held for sale ........................................                   0
         Loans and leases,
           net of unearned income ..............................................      0
         LESS: Allowance for loan and
           lease losses ........................................................      0
         Loans and leases, net of unearned
           income and allowance ................................................                   0
Trading assets .................................................................                   0
Premises and fixed assets (including
         capitalized leases) ...................................................               3,876
Other real estate owned ........................................................                   0
Investments in unconsolidated
         subsidiaries and associated
         companies .............................................................                   0
Customers' liability to this bank
         on acceptances outstanding ............................................                   0
Intangible assets:
      Goodwill .................................................................             240,005
      Other Intangible Assets ..................................................              17,839
Other assets ...................................................................              34,344
                                                                                            --------
Total assets ...................................................................            $476,537
                                                                                            ========



                                       1


                                                                                
LIABILITIES

Deposits:
         In domestic offices ...................................................                7,502
         Noninterest-bearing ...................................................   7,502
         Interest-bearing ......................................................       0
Not applicable
Federal funds purchased and securities
         sold under agreements to repurchase:
         Federal funds purchased ...............................................                    0
         Securities sold under agreements to repurchase ........................                    0
Trading liabilities ............................................................                    0
Other borrowed money:
         (includes mortgage indebtedness
         and obligations under capitalized
         leases) ...............................................................               58,000
Not applicable
Bank's liability on acceptances
           executed and outstanding ............................................                    0
Subordinated notes and debentures ..............................................                    0
Other liabilities ..............................................................               51,452
Total liabilities ..............................................................            $ 116,954
                                                                                            =========
Minority interest in consolidated subsidiaries .................................                    0

EQUITY CAPITAL

Perpetual preferred stock and related surplus ..................................                    0
Common stock ...................................................................                1,000
Surplus ........................................................................              294,125
Retained earnings ..............................................................               64,622
Accumulated other comprehensive
         income ................................................................                 (164)
                                                                                            ---------
Other equity capital components ................................................                    0
                                                                                            ---------
Total equity capital ...........................................................            $ 359,583
                                                                                            ---------
Total liabilities, minority interest, and equity capital .......................            $ 476,537
                                                                                            =========



         I, Thomas J. Mastro, Comptroller of the above-named bank do hereby
declare that this Report of Condition has been prepared in conformance with the
instructions issued by the appropriate Federal regulatory authority and is true
to the best of my knowledge and belief.

        Thomas J. Mastro       )       Comptroller

         We, the undersigned directors, attest to the correctness of this
Report of Condition and declare that it has been examined by us and to the best
of our knowledge and belief has been prepared in conformance with the
instructions issued by the appropriate Federal regulatory authority and is true
and correct.


        Richard G. Jackson     )
        Nicholas C. English    )       Directors
        Karen B. Shupenko      )


                                       2