SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 10, 1999
PSI Energy, Inc.
(Exact name of registrant as specified in its charter)
Indiana 1-3543 35-0594457
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1000 East Main Street, Plainfield, IN 46168
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (317) 839-9611
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ITEM 5. OTHER EVENTS.
PSI Energy, Inc. (Company), a subsidiary of Cinergy Corp., expects a reduction
in net income of $41 million (after tax) in July related to the extreme weather
conditions late in the month. While increased sales from retail operations
contributed $5 million after tax, cash losses reflecting costs to serve
wholesale power contracts and anticipated liquidated damage claims totaled $46
million after tax.
The extreme weather conditions required the purchase of power needed to
supplement generation to meet record wholesale and retail customer demand. The
anticipated liquidated damages are related to supply curtailments to eight power
marketers for four-to six hours July 30.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PSI Energy, Inc.
(Registrant)
Date: August 10, 1999 By: /s/ Madeleine W. Ludlow
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Madeleine W. Ludlow
Vice President & Chief Finance Officer
(Signature)
