SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 CERTIFICATE
In the Matter of OF
Cinergy Corp. et al. NOTIFICATION
File No. 70-9015
(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 September 30,
1998 ("Third Quarter 1998") for the following companies: (a) CG&E -
$66.6 million; (b) PSI - $88.4 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 Third Quarter 1998: (a) the average annual interest rate
applicable to borrowings by participating companies was 5.59%; (b) the
maximum principal amount of money pool borrowings incurred by the
respective Applicants and outstanding at any time during the Third
Quarter 1998 was as follows: (i) CG&E - $0 million, (ii) PSI - $174.2
million, (iii) ULH&P - $42 million, (iv) Lawrenceburg - $0.7
million, (v) West Harrison - $0, (vi) Miami - $0, (vii) Tri-State - $0,
(viii) KO - $0, and (ix) Cinergy Services - $13.5 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 Third
Quarter 1998 was as follows: (i) Cinergy - $17.5 million, (ii) CG&E -
$192.7 million, (iii) PSI - $13.8 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 - $14.9 million.
3. During the Third Quarter 1998, pursuant to the authorization granted
in this docket, Cinergy issued 21 guarantees totaling $86 million, and
at the end of the Third Quarter 1998, Cinergy had guarantees
outstanding totaling $242.6 million.
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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: November 20, 1998
CINERGY SERVICES, INC.
By: /s/ William L. Sheafer
Vice President and Treasurer
