SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
In the Matter of CERTIFICATE
Cinergy Corp. OF
File No. 70-8521 NOTIFICATION
(Public Utility Holding Company Act of 1935)
With reference to the transactions proposed in the Declaration on Form
U-1, as amended (the "Declaration"), of Cinergy Corp. ("Cinergy") in the
above proceeding and the Commission's orders with respect thereto dated
March 12, 1996 (Rel. No. 35-26488) and January 11, 1995 (Rel. No. 35-26215),
Cinergy Services, Inc. hereby notifies the Commission that:
1. The maximum aggregate amount at any one time outstanding during the
calendar quarter ended September 30, 1997 ("Third Quarter 1997") of all
Cinergy short-term financing arrangements authorized by the Commission in
File No. 70-8521 - namely, (a) all new borrowings or reborrowings by
Cinergy under the two Barclays Credit Agreements,/1/ (b) all commercial
paper issued and sold by Cinergy, and (c) all letters of credit obtained by
Cinergy - was $562 million.
2. Information with respect to borrowings or reborrowings by Cinergy
under the $500 Million Barclays Credit Agreement during the Third Quarter
1997:
Borrowing Date/Lender(s)/ Amount/Annual Interest Rate/Maturity
7/21/97/Barclays/$472 million/5.89%/8/21/97
7/30/97/Barclays/$17 million/5.85%/8/29/97
8/21/97/Barclays/$472 million/5.84%/9/22/97
8/29/97/Barclays/$17 million/5.83%/9/29/97
9/22/97/Barclays/$472 million/5.86%/10/22/97
9/29/97/Barclays/$17 million/5.86%/10/29/97
3. Information with respect to borrowings or reborrowings by Cinergy
under the $200 Million Barclays Credit Agreement during the Third Quarter
1997:
Borrowing Date/Lender(s)/ Amount/Annual Interest Rate/Maturity
7/3/97/Barclays/$48 million/5.89%/8/4/97
7/14/97/Barclays/$3 million/5.89%/8/14/97
7/21/97/Barclays/$5 million/5.89%/8/21/97
7/30/97/Barclays/$3 million/5.85%/8/29/97
8/4/97/Barclays/$48 million/5.83%/9/4/97
8/14/97/Barclays/$4 million/5.85%/9/15/97
8/21/97/Barclays/$11 million/5.84%/9/22/97
9/4/97/Barclays/$49 million/5.86%/10/6/97
9/15/97/Barclays/$5 million/5.86%/10/15/97
9/22/97/Barclays/$13 million/5.86%/10/22/97
9/26/97/Barclays/$3 million/5.86%/10/24/97
9/29/97/Barclays/$3 million/5.86%/10/24/97
4. Cinergy did not issue any commercial paper during the Third Quarter
1997.
5. No letters of credit were obtained by Cinergy during the Third
Quarter.
6. Cinergy made net open account advances to Cinergy Investments, Inc.
during the Third Quarter 1997 totaling approximately $17 million and
bearing annual interest rates between 5.50% and 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 12, 1997
CINERGY SERVICES, INC.
By: /s/ William L. Sheafer
Vice President and Treasurer
ENDNOTE
/1/ As previously reported, during the second calendar quarter of 1997,
Cinergy amended a $600 million credit agreement with Barclays Bank PLC
("Barclays"). The original credit facility was comprised of two
components, a $100 million general commitment and a $500 million
acquisition commitment. The $100 million general commitment was replaced
with a new $200 million revolving credit agreement with Barclays (the "$200
Million Barclays Credit Agreement") and the $500 million acquisition
commitment was amended (the "$500 Million Barclays Credit Agreement").
Both agreements expire in May 2001.
