FORM U-6B-2
CERTIFICATE OF NOTIFICATION
under the Public Utility Holding Company Act of 1935 ("PUHCA")
PSI Energy, Inc. ("PSI"), an Indiana corporation and gas and electric
utility subsidiary of Cinergy Corp., a registered holding company under
PUHCA, hereby notifies the Commission that it has issued the securities
described below:
Type of security: debentures (specifically, 6.50% Synthetic Putable Yield
Securities (SPYS SM) Due 2026).
Issue, renewal or guaranty: issuance.
Principal amount: $50,000,000.
Annual rate of interest: 6.50% from August 5, 1998 to but excluding
August
1, 2005; thereafter, at the "applicable interest rate" (as defined
in the relevant transaction agreements) in effect from time to
time.
Date of issue: August 5, 1998.
Date of maturity: August 1, 2026, subject to prior redemption in whole
(x)
at the option of PSI or (y) as a result of the exercise of a put
option with respect to the securities.
Purchasers: Donaldson, Lufkin & Jenrette, as underwriters.
Collateral: None.
Net proceeds: approximately $49,384,500.
Use of proceeds: Repayment of short-term indebtedness.
Exemption claimed: Rule 52(a).
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PSI Energy, Inc.
By: /s/ William L. Sheafer
Vice President & Treasurer
Dated: August 10, 1998
