SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
In the Matter of CERTIFICATE
Cinergy Corp. et al. OF
File No. 70-8587 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 "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 December 31, 1996 ("Fourth 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 Fourth Quarter filed with the Commission on behalf of
Cinergy in File No. 70-8521; (b) CG&E - $88.8 million; (c) PSI - $243.5
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
Fourth Quarter: (a) the average annual interest rate applicable to
borrowings by participating companies was 5.25%; (b) the maximum principal
amount of money pool borrowings incurred by the respective Applicants and
outstanding at any one time during the Fourth Quarter was as follows: (i)
CGE - $17.9 million, (ii) PSI - $58.9 million, (iii) ULH&P - $28.5 million,
(iv) Lawrenceburg - $1.7 million, (v) West Harrison - $100,000, (vi) Miami
- - $0, (vii) Tri-State - $0, (viii) KO - $0, and (ix) Cinergy Services -
$18.4 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 Fourth Quarter was as follows: (i) Cinergy - $7.3 million, (ii)
CGE - $88.3 million, (iii) PSI - $16.7 million, (iv) ULH&P - $7.4 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 Fourth 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/
Power International, Inc. $(1,097,429) 5-6%
CGE ECK, Inc. $4,838 5-6%
Wholesale Power
Services, Inc. $25,305 5-6%
Cinergy Resources, Inc. $(566,804) 5-6%
Cinergy Technology, Inc. $622,491 5-6%
Cinergy UK, Inc. $(602,526) 5-6%
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: February 6, 1997
CINERGY SERVICES, INC.
By:/s/William L. Sheafer
Treasurer
<PAGE>
ENDNOTES
/1/ I.e., average annual interest rates applicable to net amount advanced
or repaid, as applicable.
