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. ("Cinergy 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 December 31, 1997 ("Fourth
Quarter 1997") for the following companies: (a) CG&E - $199.9 million; (b)
PSI - $239.8 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 Fourth Quarter 1997: (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 Fourth Quarter 1997 was as follows: (i)
CG&E - $36.7 million, (ii) PSI - $74.4 million, (iii) ULH&P - $24.4 million,
(iv) Lawrenceburg - $0.9 million, (v) West Harrison - $10,000, (vi) Miami -
$0, (vii) Tri-State - $0, (viii) KO - $0, and (ix) Cinergy Services - $31.2
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 Fourth Quarter 1997 was as follows: (i) Cinergy - $3.0 million, (ii)
CG&E - $97.9 million, (iii) PSI - $64.2 million, (iv) ULH&P - $0, (v)
Lawrenceburg - $0, (vi) West Harrison - $0, (vii) Miami - $0, (viii) Tri-State
- - $0, (ix) KO - $0, and (x) Cinergy Services - $0.
3. During the Fourth Quarter 1997, Cinergy issued 14 guarantees totaling
approximately $21 million. Cinergy Investments issued no new guarantees
during the quarter. At year-end 1997, Cinergy and Cinergy Investments had
guarantees outstanding totaling approximately $34.5 million and $10 million,
respectively.
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 13, 1998
CINERGY SERVICES, INC.
By: /s/ William L. Sheafer
Vice President and Treasurer
