CINCINNATI GAS & ELECTRIC CO
U-6B-2, 1997-10-20
ELECTRIC & OTHER SERVICES COMBINED
Previous: PATRIOT AMERICAN HOSPITALITY INC/DE, DEF 14A, 1997-10-20
Next: COLGATE PALMOLIVE CO, S-8, 1997-10-20





                              FORM U-6B-2
                      CERTIFICATE OF NOTIFICATION
      under the Public Utility Holding Company Act of 1935 ("Act")

     The Cincinnati Gas & Electric Company ("CG&E"), an Ohio corporation
and gas and electric utility subsidiary of Cinergy Corp., a registered
holding company under the Act, hereby notifies the Commission that it has
issued the securities described below pursuant to an exemption from Section
6(a) of the Act as further described below:

1.   Type of security:  Liquid Asset Notes with Coupon Exchange (the
"LANCEs"). 

2.   Issue, renewal or guaranty:  Issuance.

3.   Principal amount:  $100,000,000.

4.   Annual rate of interest:  Initially, from and including October 1,
1997 to but excluding October 1, 1999, the LANCEs bear interest at a
floating rate, payable semi-annually in arrears, equal to the London
interbank offered rate for three-month U.S. dollar deposits (determined and
compounded quarterly) plus 0.1025% (the "Floating Rate").  Thereafter until
maturity, the LANCEs bear interest at a fixed rate, payable semi-annually
in arrears, at 6.50%, provided that on any interest payment date between
October 1, 1999 and October 1, 2002, holders of not less than two-thirds of
the outstanding aggregate principal amount of the LANCEs may elect to
convert from such fixed rate to the Floating Rate in respect of all
payments of interest due and payable on the LANCEs thereafter. 

5.   Date of issue:  October 9, 1997.

6.   Date of maturity:  October 1, 2007, subject to CG&E's right to redeem
the LANCEs, in whole but not in part, at any time and from time to time, at
a redemption price equal to 100% of the principal amount (or, if greater,
the present value of the remaining payments discounted at a specified
factor), interest accrued to the date of redemption, and the payment of
certain additional amounts.

7.   Name of initial purchaser of the LANCEs:  Salomon Brothers Inc. 

8.   Collateral:  None.

9.   Net proceeds to CG&E:  $100,786,069.

10.  Use of proceeds:  Repayment of a portion of CG&E's outstanding short-term 
indebtedness. 

11.  Exemption claimed:  Rule 52(a).

                                 The Cincinnati Gas & Electric Company  


                                  By:/s/Wendy L. Aumiller 
                                     Assistant Treasurer 

Dated:  October 20, 1997




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission