The Ni-Fe-S-containing C-cluster of carbon monoxide dehydrogenases is the active site for catalyzing the reversible oxidation of CO to CO(2). This cluster can be stabilized in redox states designated C(ox), C(red1), C(int), and C(red2). What had until recently been the best-supported mechanism of catalysis involves a one-electron reductive activation of C(ox) to C(red1) and a catalytic cycle in which the C(red1) state binds and oxidizes CO, forming C(red2) and releasing CO(2). Recent experiments cast doubt on this mechanism, as they imply that activation requires reducing the C-cluster to a state more reduced than C(red1). In the current study, redox titration and stopped-flow kinetic experiments were performed to assess the previous results and conclusions. Problems in previous methods were identified, and related experiments for which such problems were eliminated or minimized afforded significantly different results. In contrast to the previous study, activation did not correlate with reduction of Fe-S clusters in the enzyme, suggesting that the potential required for activation was milder than that required to reduce these clusters (i.e., E(0)(act) > -420 mV vs SHE). Using enzyme preactivated in solutions that were poised at various potentials, lag phases were observed prior to reaching steady-state CO oxidation activities. Fits of the Nernst equation to the corresponding lag-vs-potential plot yielded a midpoint potential of -150 +/- 50 mV. This value probably reflects E degrees ' for the C(ox)/C(red1) couple, and it suggests that C(red1) is indeed active in catalysis.