SECURITIES AND EXCHANGE COMMISSION
Washington, D.C
Three-year period ending December 31, 2000
FORM U-12(I)-B (THREE-YEAR STATEMENT)
Statement Pursuant to Section 12(i) of the Public Utility Holding Company
Act of
1935, as amended ("PUHCA"), and Rule 71 thereunder
by a Person Regularly Employed or Retained by a
Registered Holding Company or a Subsidiary Thereof
1. Name and business address of person filing statement.
James L. Turner
Cinergy Corp.
139 East Fourth Street
Cincinnati, Ohio 45202
2. Names and business addresses of any persons through whom the
undersigned proposes to act in matters included within the exemption
provided by paragraph (b) of Rule 71.
Not applicable.
3. Registered holding company and subsidiary companies by which the
undersigned is regularly employed or retained.
Cinergy Corp. and its subsidiary companies
4. Position or relationship in which the undersigned is employed or
retained by Cinergy Corp. or its subsidiary companies, and brief
description of nature of services to be rendered in that capacity.
Vice President of Cinergy Services, Inc.
In addition to the foregoing positions, the undersigned may be
employed in the same position or other positions with various other
companies in the Cinergy system.
In such capacities, the undersigned may participate in presenting,
advocating, or opposing matters before the legislative bodies,
regulatory commissions and officials specified in Section 12(i) of
PUHCA, but the exact nature of such services or the relative time
to be devoted thereto cannot presently be forecast with any degree
of precision.
5. (a) Compensation received during the current year and estimated to be
received over the next two calendar years by the undersigned,
directly or indirectly, for services rendered by the undersigned,
from each of the companies designated in item 3.
It is anticipated that the amount, nature and source of
compensation to be received by the undersigned for the current year
from the companies described in item 3 above may be set forth in
detail in a proxy statement for use in connection with the 1999
annual meeting of shareholders of Cinergy Corp. (the "Cinergy 1999
Proxy Statement"), copies of which shall be duly filed with the
Commission, in accordance with the Securities Exchange Act of 1934
and the proxy regulations thereunder. A portion of the
compensation described therein may be attributable to activities
within the scope of Section 12(i). In any event, it is anticipated
that the base salary to be paid to the undersigned for the current
year will not exceed $500,000.
During the calendar years 1999 and 2000, it is estimated that the
undersigned will receive compensation comparable to that received in
1998, but the exact amount and basis of compensation cannot presently
be forecast with any degree of precision. The undersigned receives
compensation payments from Cinergy Services, Inc., which in turn may
charge or allocate all or a portion of such compensation expense to
one or more of the other companies described in item 3 above in
accordance with applicable service agreements and orders of the
Commission.
(b) Basis for compensation if other than salary.
Information relating to the basis of any non-salary compensation
paid to the undersigned will be set forth in the Cinergy 1999 Proxy
Statement. Certain portions of the undersigned's compensation are
determined pursuant to an employment agreement between Cinergy
Corp. and the undersigned. Other elements of the undersigned's
compensation are determined pursuant to the terms of benefit plans
or by the payor's board of directors.
Date: May 4, 1998 Signed: /s/ James L. Turner
