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 March 31, 1996 ("First
Quarter 1996"), 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 First Quarter 1996 filed with the Commission
on behalf of Cinergy in File No. 70-8521; (b) CG&E - $0; (c) PSI
- - $165.8 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 implementation and operation of the
Utility Money Pool during the First Quarter 1996: (a) the
average annual interest rate applicable to borrowings by
participating companies was 5.39%; (b) the maximum principal
amount of money pool borrowings incurred by the respective
Applicants and outstanding at any one time during the First
Quarter 1996 was as follows: (i) CGE - $0, (ii) PSI - $139.2
million, (iii) ULH&P - $24.5 million, (iv) Lawrenceburg - $0, (v)
West Harrison - $0, (vi) Miami - $0, (vii) Tri-State - $0, (viii)
KO - $0, and (ix) Cinergy Services - $5.3 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 First Quarter 1996 was as follows: (i) Cinergy
- - $8 million, (ii) CGE - $133.2 million, (iii) PSI - $0, (iv)
ULH&P - $25.9 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 First Quarter 1996, the Nonutility
Money Pool had not commenced operations.
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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: May 9, 1996
CINERGY SERVICES, INC.
By:/s/William L. Sheafer
Treasurer
