SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
In the Matter of
Cinergy Corp. et al.
File No. 70-8587
(Public Utility Holding Company
Act of 1935)
CERTIFICATE
OF
NOTIFICATION
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, 1997 ("First Quarter"), 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 filed with the Commission
on behalf of Cinergy in File No. 70-8521; (b) CG&E- $49.6 million; (c)
PSI- $202.2 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 operation of the Utility Money Pool during the First
Quarter: (a) the average annual interest rate applicable to borrowings
by participating companies was 5.48%; (b) the maximum principal amount
of money pool borrowings incurred by the respective Applicants and
outstanding at any one time during the First Quarter was as follows:
(i) CGE - $34.5 million, (ii) PSI - $90.6 million, (iii) ULH&P - $30.6
million, (iv) Lawrenceburg - $1.5 million, (v) West Harrison - $20,000,
(vi) Miami - $20,000, (vii) Tri-State - $0, (viii) KO - $0, and (ix)
Cinergy Services - $29.0 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 was as follows:
(i) Cinergy - $12.8 million, (ii) CGE - $111.7 million, (iii) PSI -
$63.9 million, (iv) ULH&P - $0 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, the Nonutility Money Pool had not
commenced operations. However, during this period, Cinergy's nonutility
sub-holding company, Cinergy Investments, Inc., made certain
open-account advances to and received payments from certain subsidiaries
thereof as summarized below.
Net Amount
Borrower Advanced/Repaid Interest Rate/1/
Enertech Associates, Inc./2/ $(1,037,046) 5-6%
CGE ECK, Inc. $7,655 5-6%
Cinergy Capital &
Trading, Inc./3/ $14,780 5-6%
Cinergy Resources, Inc. $2,620,117 5-6%
Cinergy Technology, Inc. $473,219 5-6%
Cinergy UK, Inc. $1,776,207 5-6%
<PAGE>
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 14, 1997
CINERGY SERVICES, INC.
By:/s/William L. Sheafer
Vice President and Treasurer
ENDNOTES
/1/ I.e., average annual interest rates applicable to net amount advanced or
repaid, as applicable.
/2/ (formerly Power International, Inc.)
/3/ (formerly Wholesale Power Services, Inc.)
