UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-9C-3
QUARTERLY REPORT PURSUANT TO RULE 58
June 30, 1997
CINERGY CORP.
139 EAST FOURTH STREET
CINCINNATI, OHIO 45202
*Inquiries concerning this Form U-9C-3 should be directed to: Teresa A. Zauss
Cinergy Corp.
1000 East Main Street
Plainfield, Indiana 46168
(317) 838-1115
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TABLE OF CONTENTS
Item Page
Number Number
1 Organization Chart . . . . . . . . . . . . . . . . . . . . .
2 Issuances and Renewals of Securities and Capital
Contributions. . . . . . . . . . . . . . . . . . . . . . .
3 Associate Transactions
Part I - Transactions Performed by Reporting Companies on
Behalf of Associate Utility Companies. . . . . . . . . .
Part II - Transactions Performed by Associate Utility
Companies on Behalf of Reporting Companies . . . . . . .
4 Summary of Aggregate Investment. . . . . . . . . . . . . . .
5 Other Investments. . . . . . . . . . . . . . . . . . . . . .
6a Financial Statements . . . . . . . . . . . . . . . . . . . .
6b Exhibits . . . . . . . . . . . . . . . . . . . . . . . . . .
Signatures . . . . . . . . . . . . . . . . . . . . . . . . .
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ITEM 1. ORGANIZATION CHART
Energy or
Gas-Related Date of State of
Name of Reporting Company Company Organization Organization
(Indentation indicates subsidiary relationship)
<S> <C> <C> <C>
Cinergy Corp. (Cinergy)
Cinergy Investments, Inc. (Investments)
Cinergy Cooling Corp. (CoolCo) (1) Energy-Related 02/27/1996 Ohio
Cinergy Capital & Trading, Inc. (Capital & Trading) (2) Energy-Related 10/08/1992 Indiana
Cinergy Resources, Inc. (Cinergy Resources) (3) Energy-Related 01/07/1994 Delaware
Cinergy Engineering, Inc. (Engineering) (new) (4) Energy-Related 03/28/1997 Ohio
Enertech Associates, Inc. (Enertech)* (5) Energy-Related 10/21/1992 Ohio
Cinergy Solutions, Inc. (Solutions)
Trigen-Cinergy Solutions LLC (6) Energy-Related 02/18/1997 Delaware
Trigen-Cinergy Solutions of Illinois LLC (new) (7) Energy-Related 04/17/1997 Delaware
<FN>
* Inactive
</FN>
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ITEM 1. ORGANIZATION CHART
(continued)
Percentage of
Voting Nature of
Name of Reporting Company Securities Held Business
(Indentation indicates subsidiary relationship)
<S> <C> <C>
Cinergy Corp. (Cinergy)
Cinergy Investments, Inc. (Investments)
Cinergy Cooling Corp. (CoolCo) (1) 100% Chilled Water
Marketing and Trading
Cinergy Capital & Trading, Inc. (Capital & Trading) (2) 100% Energy Commodities
Marketing and Trading
Cinergy Resources, Inc. (Cinergy Resources) (3) 100% Energy Commodities
Engineering and Other
Cinergy Engineering, Inc. (Engineering) (new) (4) 100% Technical Services
Utility Management
Enertech Associates, Inc. (Enertech)* (5) 100% Consulting Services
Cinergy Solutions, Inc. (Solutions)
Development of
Trigen-Cinergy Solutions LLC (6) 50% Qualifying Facilities
Development of
Trigen-Cinergy Solutions of Illinois LLC (new) (7) 49% Qualifying Facilities
<FN>
* Inactive
</FN>
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1
ITEM 1. ORGANIZATION CHART (Continued)
(1) Operations commenced in April 1997. CoolCo is presently supplying chilled
water to four buildings in the downtown business district of Cincinnati.
On July 7, CoolCo began serving two additional buildings.
(2) In June 1997, Capital & Trading, formerly Wholesale Power Services, Inc.,
acquired the assets of Greenwich Energy Partners, a limited partnership
engaged in trading and marketing natural gas and oil and derivative
commodity instruments. Capital & Trading will market and trade
electricity and natural gas and other energy commodities as well as
derivative commodity instruments on a nationwide basis.
(3) During the second quarter of 1997, Cinergy Resources continued in its
business of retail marketing of natural gas on a non-regulated basis to
industrial and large commercial customers, primarily in the states of
Ohio, Kentucky, and Indiana. In connection with its retail gas marketing
business, Cinergy Resources acquires gas supplies and related
transportation capacity to support such sales.
(4) Engineering was formed to provide engineering, construction, technical,
management, and consulting services to utilities, energy producers,
transporters and distributors, industrial and commercial businesses, and
other customers. On April 3, 1997, the Ohio State Board of Registration
for Professional Engineers and Surveyors issued a Certificate of
Authorization to Engineering to provide engineering services.
(5) Enertech had no activities to report for the quarter. See Note 12(d) of
the "Notes to Financial Statements" in Cinergy's 1996 Form 10-K for a
discussion of certain litigation involving Enertech.
(6) During the second quarter of 1997, Trigen-Cinergy Solutions LLC
investigated opportunities throughout the United States for providing
self-generation, cogeneration, tri-generation, and similar energy asset
type projects.
(7) Trigen-Cinergy Solutions of Illinois LLC was formed during the quarter and
is engaged in preliminary development activities concerning potential
cogeneration projects in Illinois.
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2
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ITEM 2. ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS
Associate Company Energy-Related Company Type of Net Change in
Advancing Funds_ Receiving Funds___ Transaction Borrowings/Contributions
(in thousands)
<S> <C> <C> <C>
Investments Enertech Open account advance $ 740
Investments CoolCo Open account advance 1,775
Investments Engineering Open account advance 18
Investments Cinergy Resources Open account advance (1,540)
Solutions Trigen-Cinergy Solutions LLC Open account advance 987
Investments Capital & Trading Open account advance 1,631
Investments Capital & Trading Capital contribution 12,287
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3
ITEM 3. ASSOCIATE TRANSACTIONS
Part I - Transactions Performed by Reporting Companies on Behalf of Associate Utility Companies
Reporting Company Associate Utility Company Types of Direct Indirect Total
Rendering Receiving Services Costs Costs Cost of Amount
Services Services Rendered Charged Charged Capital Billed
<S> <C> <C>
NONE
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4
ITEM 3. ASSOCIATE TRANSACTIONS (Continued)
Part II - Transactions Performed by Associate Utility Companies on Behalf of Reporting Companies
Associate Utility Reporting Company Types of Direct Indirect Total
Company Rendering Receiving Services Costs Costs Cost of Amount
Services Services Rendered Charged Charged Capital Billed
(in thousands)
<S> <C> <C> <C> <C> <C> <C>
Electric service
CG&E CoolCo installation $28 - - $28
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5
ITEM 4. SUMMARY OF AGGREGATE INVESTMENT
June 30, 1997____
(in thousands)
<S> <C> <C>
Investments in Energy-Related Companies:
Total consolidated capitalization of Cinergy
as of June 30, 1997 $6,153,729
Total capitalization multiplied by 15% 923,059
Greater of $50 million or total capitalization
multiplied by 15% 923,059
Total current aggregate investment subsequent to
March 24, 1997 (categorized by major line of energy-
related business):
Energy-related business category "v" (1) 17,378
Energy-related business category "vi" (2) 1,775
Energy-related business category "vii" (3) 757
Energy-related business category "viii" (4) 435
Total current aggregate investment 20,345
Difference between the greater of $50 million or 15%
of capitalization and the total aggregate investment
of the registered holding company system $902,714
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(1) Rule 58 defines category "v" as the brokering and marketing of energy
commodities, including but not limited to electricity, natural or
manufactured gas and other combustible fuels.
(2) Rule 58 defines category "vi" as the production, conversion, sale and
distribution of thermal energy products, such as process steam, heat, hot
water, chilled water, air conditioning, compressed air and similar
products; alternative fuels; and renewable energy resources; and the
servicing of thermal energy facilities.
(3) Rule 58 defines category "vii" as the sale of technical, operational,
management, and other similar kinds of services and expertise, developed
in the course of utility operations in such areas as power plant and
transmission system engineering, development, design and rehabilitation;
construction; maintenance and operation; fuel procurement, delivery and
management; and environmental licensing, testing and remediation.
(4) Rule 58 defines category "viii" as the development, ownership or operation
of "qualifying facilities," as defined under the Public Utility Regulatory
Policies Act of 1978, as amended ("PURPA"), and any integrated thermal,
steam host, or other necessary facility constructed, developed or acquired
primarily to enable the qualifying facility to satisfy the useful thermal
output requirements under PURPA.
6
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ITEM 5. OTHER INVESTMENTS
Major Line of Energy-Related Other Investment in Last Other Investment in this Reason for Difference in
Business U-9C-3 Report U-9C-3 Report Other Investment____
(in thousands)
<S> <C> <C> <C>
Energy-related business category "v" - $ 6,172 Investment in energy-related
Energy-related business category "vi" - 10,215 businesses prior to the
Energy-related business category "vii" - 15,215 effective date of Rule 58,
Energy-related business category "viii" - 552 March 24, 1997.
7
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ITEM 6. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements
Filed pursuant to Rule 104(b).
(b) Exhibits
None
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SIGNATURES
Pursuant to the requirements of the Public Utilities Holding Company Act
of 1935, Cinergy Corp. has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Cinergy Corp.__________
Registrant
Dated: August 28, 1997
By John P. Steffen________
Comptroller
