File No. 70-9015
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________________________________
AMENDMENT NO. 1 TO
FORM U-1 APPLICATION-DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
___________________________________________
Cinergy Corp.
Cinergy Investments, Inc.
Cinergy Services, Inc.
The Cincinnati Gas & Electric Company
The Union Light, Heat and Power Company
The West Harrison Gas and Electric Company
Lawrenceburg Gas Company
Miami Power Corporation
Tri-State Improvement Company
KO Transmission Company
139 East Fourth Street
Cincinnati, Ohio 45202
PSI Energy, Inc.
1000 East Main Street
Plainfield, Indiana 46168
(Name of companies filing this statement
and addresses of principal executive offices)
Cinergy Corp.
(Name of top registered holding company parent)
William L. Sheafer
Treasurer
Cinergy Corp.
(address above)
(Name and address of agent of service)
Applicant requests that the Commission send copies of all
notices, orders and communications in connection herewith
to:
Jerome A. Vennemann William T. Baker
Associate General Counsel Reid & Priest LLP
Cinergy Corp. 40 West 57th
(address above) New York, New York 10019
The application-declaration as previously filed in this
proceeding is hereby amended as set forth below:
1. The last paragraph of Item 1.A is amended and
restated in its entirety to read as follows:
"The proceeds of such short-term borrowings were to
be utilized by PSI, ULH&P, Lawrenceburg, West Harrison
and Miami for general corporate purposes including (1)
interim financing of capital requirements, (2) working
capital needs, (3) repayment, redemption or refinancing
of debt or preferred stock, and (4) loans through the
Money Pool. The August 1995 Order limited the aggregate
principal amount of short-term borrowings at any one time
outstanding (whether through the Money Pool or from banks
or the sale of commercial paper) to the following
amounts: PSI, $400 million; ULH&P, $35 million; West
Harrison, $200,000; Lawrenceburg, $3 million; and Miami,
$100,000. Finally, the August 1995 Order limited the
maximum amount of guarantees and letters of credit issued
or obtained by Cinergy to a $375 million aggregate
limitation imposed by the Commission in another
proceeding (Release No. 35-26215, January 11, 1995). In
March 1996 (Release No. 35-26488, March 12, 1996) ("March
1996 Order"), the Commission authorized Cinergy to incur
short-term bank borrowings, issue and sell commercial
paper and obtain letters of credit in an aggregate
principal amount at any one time outstanding not to
exceed $1 billion through December 31, 1999."
2. The last paragraph of Item 1.B is hereby amended
and restated in its entirety to read as follows:
"Guaranties issued (i) by Cinergy would be subject
to the $1 billion aggregate limitation specified in the
March 1996 Order (subject to any increases in that
authorization that Cinergy may obtain pursuant to one or
more further orders of the Commission), and (ii) by
Investments would not exceed $250 million at any one time
outstanding."
3. The first paragraph of Item 1.C is amended and
restated in its entirety to read as follows:
"Subject to the respective Borrowing Limitations,
from time to time through December 31, 2002, PSI, ULH&P,
Lawrenceburg, West Harrison and Miami propose to make
loans to each other, and Cinergy, Cinergy Services, CG&E,
Tri-State and KO propose to make loans to PSI, ULH&P,
Lawrenceburg, West Harrison and Miami, all pursuant to
and in accordance with the Money Pool. /1/ Applicants
propose no changes to the Money Pool as authorized in the
August 1995 Order and embodied in the related Money Pool
Agreement. /2/"
<PAGE>
SIGNATURE
Pursuant to the requirements of the Act, the
undersigned companies have duly caused this statement to be
signed on their behalf by the undersigned thereunto duly
authorized.
Dated: April 25, 1997
CINERGY CORP.
By: /s/ William L. Sheafer
Treasurer
CINERGY INVESTMENTS, INC.
By: /s/ William L. Sheafer
Treasurer
CINERGY SERVICES, INC.
By: /s/ William L. Sheafer
Treasurer
The Cincinnati Gas & Electric
Company
By: /s/ William L. Sheafer
Treasurer
The Union Light, Heat and
Power Company
By: /s/ William L. Sheafer
Treasurer
The West Harrison Gas and
Electric Company
By: /s/ William L. Sheafer
Treasurer
Lawrenceburg Gas Company
By: /s/ William L. Sheafer
Treasurer
Miami Power Corporation
By: /s/ William L. Sheafer
Treasurer
Tri-State Improvement Company
By: /s/ William L. Sheafer
Treasurer
KO Transmission Company
By: /s/ William L. Sheafer
Treasurer
PSI Energy, Inc.
By: /s/ William L. Sheafer
Treasurer
ENDNOTES
/1/ Any borrowings by Cinergy Services, CG&E, Tri-State and KO from
each other under the Money Pool or from the other Money Pool Participants
thereunder will be exempt (together with the corresponding loans)
pursuant to rule 52.
/2/ Cinergy, Cinergy Services, CG&E, Tri-State, KO, PSI, ULH&P,
Lawrenceburg, West Harrison and Miami are sometimes herein collectively
referred to as the "Money Pool Participants." The August 1995 Order
also approved a proposal to establish a similar money pool arrangement
for nonutility companies in the Cinergy system ("Nonutility Money Pool").
However, Cinergy has not implemented the Nonutility Money Pool and has
no present intention to do so. Cinergy does not seek to continue any
authority granted in the August 1995 Order that related to the Nonutility
Money Pool, including with respect to combined short-term investments of
surplus funds.
