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 June 30, 1997 ("Second Quarter") 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
Barclays Credit Agreements,/1/ (b) all commercial paper issued and sold by
Cinergy, and (c) all letters of credit obtained by Cinergy - was $543
million.
2. Information with respect to borrowings or reborrowings by Cinergy under
the $500 Million Barclays Credit Agreement during the Second Quarter:
Borrowing Date/Lender(s)/ Amount/Annual Interest Rate/Maturity
4/18/97/Barclays/$10 million/5.74%/5/6/97
4/21/97/Barclays/$462 million/5.74%/5/6/97
4/28/97/Barclays/$17 million /5.74%/5/6/97
5/6/97/Barclays/$10 million /5.915%/5/19/97
5/6/97/Barclays/$17 million /5.915%/5/28/97
5/6/97/Barclays/$462 million /5.915%/5/21/97
5/19/97/Barclays/$10 million /5.9021%/6/19/97
5/21/97/Barclays/$462 million /5.92083%/6/20/97
5/28/97/Barclays/$17 million /5.89455%/6/30/97
6/19/97/Barclays/$10 million /5.89%/7/21/97
6/20/97/Barclays/$462 million /5.89%/7/21/97
6/30/97/Barclays/$17 million /5.89%/7/30/97
3. Information with respect to borrowings or reborrowings by Cinergy under
the $200 Million Barclays Credit Agreement during the Second Quarter:
Borrowing Date/Lender(s)/ Amount/Annual Interest Rate/Maturity
6/3/97/Barclays/$48 million/5.89%/7/3/97
6/20/97/Barclays/$3 million /5.89%/7/21/97
6/30/97/Barclays/$3 million /5.89%/7/30/97
4. Cinergy did not issue any commercial paper during the Second Quarter.
5. No letters of credit were obtained by Cinergy during the Second Quarter.
6. Cinergy made net open account advances to Cinergy Investments, Inc.
during the Second Quarter totaling approximately $15,932,000 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: August 14, 1997
CINERGY SERVICES, INC.
By: /s/William L. Sheafer
Vice President and Treasurer
ENDNOTE
/1/ During the Second Quarter, Cinergy amended its $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.
