SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
In the Matter of CERTIFICATE
Cinergy Corp. et al. OF
File No. 70-9015 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 "Application"), in the above
proceeding filed by Cinergy Corp. ("Cinergy") and certain of its subsidiary
companies - namely, Cinergy Services, Inc. ("Cinergy Services"), Cinergy
Investments, Inc. ("Investments"), 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 order dated May 30, 1997 with respect
thereto (Rel. No. 35-26723), Cinergy Services, on behalf of itself and the
other Applicants, notifies the Commission that:
1. The following lists the maximum principal amount of external short-term
borrowings - i.e., bank borrowings and/or commercial paper - at any time
outstanding during the calendar quarter ended June 30, 1997 ("Second
Quarter") for the following companies: (a) CG&E $109.1 million; (b) PSI -
$240.2 million; (c) ULH&P - $0; (d) Lawrenceburg - $0; (e) West Harrison -
$0; (f) Miami - $0; (g) Tri-State - $0; (h) KO - $0; and (i) Cinergy
Services - $0.
2. With respect to the operation of the Cinergy system money pool during
the Second Quarter: (a) the average annual interest rate applicable to
borrowings by participating companies was 5.76%; (b) the maximum principal
amount of money pool borrowings incurred by the respective Applicants and
outstanding at any time during the Second Quarter was as follows: (i) CG&E -
$60.7 million, (ii) PSI - $85.5 million, (iii) ULH&P - $3.8 million, (iv)
Lawrenceburg - $0.9 million, (v) West Harrison - $23,000, (vi) Miami -
$5,000, (vii) Tri-State - $0, (viii) KO - $0, and (ix) Cinergy Services -
$33.3 million; and (c) the maximum principal amount of funds loaned through
the money pool by the respective Applicants and outstanding at any time
during the Second Quarter was as follows: (i) Cinergy - $18.5 million, (ii)
CG&E - $108.6 million, (iii) PSI - $79.3 million, (iv) ULH&P - $3.8 million,
(v) Lawrenceburg - $61,000, (vi) West Harrison - $0, (vii) Miami - $0, (viii)
Tri-State - $0, (ix) KO - $0, and (x) Cinergy Services - $0.
3. During the Second Quarter, Cinergy issued guarantees totaling $5
million; Investments issued no guarantees.
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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: August 14, 1997
CINERGY SERVICES, INC.
By:/s/William L. Sheafer
Vice President and Treasurer
