SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
In the Matter of CERTIFICATE
Cinergy Corp. et al. OF
File No. 70-8587 NOTIFICATION
(Public Utility Holding Company Act of 1935)
With reference to the transactions proposed in the Application-Declaration
on Form U-1, as amended (the "Declaration"), in the above
proceeding filed by Cinergy Corp. ("Cinergy") and certain of its subsidiary
companies - namely, Cinergy Services, Inc. ("Cinergy Services"), The
Cincinnati Gas & Electric Company ("CG&E"), PSI Energy, Inc. ("PSI"), The
Union Light, Heat and Power Company ("ULH&P"), Lawrenceburg Gas Company
("Lawrenceburg"), The West Harrison Gas and Electric Company ("West
Harrison"), Miami Power Corp. ("Miami"), Tri-State Improvement Company
("Tri-State") and KO Transmission Company ("KO"; and, together with Cinergy
and the aforementioned associate companies, the "Applicants") - and the
Commission's August 25, 1995 order with respect thereto (Rel. No. 35-26362),
Cinergy Services hereby notifies the Commission as follows:
1. For the calendar quarter ended September 30, 1996 ("Third Quarter"),
the maximum principal amount of external short-term borrowings - i.e., bank
borrowings and/or commercial paper - of the Applicants at any one time
outstanding was as follows: (a) Cinergy - see certificate of notification
with respect to the Third Quarter filed with the Commission on behalf of
Cinergy in File No. 70-8521; (b) CG&E - $82.1 million; (c) PSI - $221.6
million; (d) ULH&P - $0; (e) Lawrenceburg - $0; (f) West Harrison - $0;
(g) Miami - $0; (h) Tri-State - $0; (i) KO - $0; and Cinergy Services -
$0.
2. With respect to the operation of the Utility Money Pool during the
Third Quarter: (a) the average annual interest rate applicable to
borrowings by participating companies was 5.45%; (b) the maximum principal
amount of money pool borrowings incurred by the respective Applicants and
outstanding at any one time during the Third Quarter was as follows: (i)
CGE - $1.6 million, (ii) PSI - $175.7 million, (iii) ULH&P - $21.59
million, (iv) Lawrenceburg - $1.54 million, (v) West Harrison - $200,000,
(vi) Miami - $0, (vii) Tri-State - $0, (viii) KO - $0, and (ix) Cinergy
Services - $27.3 million; and (c) the maximum principal amount of funds
loaned through the money pool by the respective Applicants and outstanding
at any one time during the Third Quarter was as follows: (i) Cinergy - $23
million, (ii) CGE - $200.6 million, (iii) PSI - $1.4 million, (iv) ULH&P -
$5.4 million, (v) Lawrenceburg - $0, (vi) West Harrison - $0, (vii) Miami -
$0, (viii) Tri-State - $0, (ix) KO - $0, and (x) Cinergy Services - $0.
3. As of the end of the Third Quarter, the Nonutility Money Pool had not
commenced operations. However, during this period, Cinergy's nonutility
sub-holding company, Cinergy Investments, Inc., made certain open-account
advances to certain subsidiaries thereof as summarized below.
Borrower Aggregate Amounts Advanced Interest Rate/1/
Power International, Inc. $287,604 5-6%
CGE ECK, Inc. $6,107 5-6%
Wholesale Power
Services, Inc. $11,753 5-6%
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S I G N A T U R E
Pursuant to the requirements of the Public Utility Holding Company Act
of 1935, as amended, the undersigned company has duly caused this document
to be signed on its behalf by the undersigned thereunto duly authorized.
Date: November 14, 1996
CINERGY SERVICES, INC.
By:/s/William L. Sheafer
Treasurer
ENDNOTES
/1/ I.e., average annual interest rates applicable to amounts advanced.
