File No. 70-9011
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
__________________________________________
AMENDMENT NO. 5
TO
FORM U-1 APPLICATION-DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
____________________________________________
Cinergy Corp.
Cinergy Investments, Inc.
139 East Fourth Street
Cincinnati, Ohio 45202
(Name of companies filing this statement
and address of principal executive offices)
Cinergy Corp.
(Name of top registered holding company parent)
William L. Sheafer
Vice President and Treasurer
Cinergy Corp.
(address above)
(Name and address of agent of service)
Applicants request that the Commission send copies of all notices, orders and
communications in connection herewith to:
Cheryl M. Foley William T. Baker, Jr.
Vice President, General Counsel Reid & Priest LLP
and Corporate Secretary 40 West 57th Street
Cinergy Corp. New York, New York
(address above) 10019
The application-declaration as previously amended is further amended as
follows:
1. The first two paragraphs of Item 1.B ("Proposed Modifications to Prior
Orders") are restated in their entirety to read as follows:
"At March 31, 1997, Cinergy's aggregate investment and consolidated
retained earnings were approximately $496 million and approximately $1
billion, respectively.
Accordingly, under the 50% Limitation, as of March 31, 1997 Cinergy
could have invested only an additional $4 million in Exempt Projects. By
contrast, if Cinergy had authority to invest in Exempt Projects in an amount
equal to 100% of consolidated retained earnings, as of March 31, 1997,
Cinergy could have invested an additional $504 million."/1/
<PAGE>
SIGNATURE
Pursuant to the requirements of the Act, the undersigned companies have
duly caused this statement to be signed on their behalf by the undersigned
thereunto duly authorized.
Dated: January 30, 1998
CINERGY CORP.
By: /s/William L. Sheafer
Vice President & Treasurer
CINERGY INVESTMENTS, INC.
By: /s/William L. Sheafer
Treasurer
ENDNOTES
/1/ At September 30, 1997, Cinergy's aggregate investment and consolidated
retained earnings were approximately $475 million and approximately $992
million, respectively. At this recent date, Cinergy had an aggregate
investment in Midlands Electricity plc of approximately $463 million and an
aggregate investment in EDESUR, S.A. of approximately $10 million. At
September 30, 1997, Cinergy also had miscellaneous project developmental
expenses in connection with certain other potential investments in FUCOs
(i.e., not associated with either Midlands or EDESUR) aggregating
approximately $2 million. The difference between the $463 million aggregate
investment in Midlands at September 30, 1997 and the original $471 million
aggregate investment in Midlands stems from (1) dividends received by Cinergy
from Midlands and (2) adjustments to the short-term borrowing levels incurred
by Cinergy to carry its investment in Midlands.
