SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, N.W.
Washington, D.C. 20549
In the Matter of Cinergy Corp. CERTIFICATE
File No. 70-9071 OF
NOTIFICATION
Utility Holding Company Act of 1935 ("PUHCA")
Cinergy Corp., a registered holding company ("Cinergy"), hereby
submits the following information pursuant to rule 24 under PUHCA and the
Commission's order dated January 20, 1998 in the above docket (HCAR No.
26819) ("January Order"). (Any capitalized terms not otherwise defined
herein have the meanings set forth in the January Order.)
1. At December 31, 1998, Cinergy had issued and outstanding debt secu-
rities and guarantees subject to the Debt Cap totaling $1,010,050,000
in aggregate principal amount, consisting of (i) short-term bank notes
aggregating $455 million, (ii) commercial paper aggregating $50
million, (iii) notes outstanding associated with letter of credit
transactions totaling $10.9 million, (iv) ten-year debentures
aggregating $200 million and (v) guarantees aggregating $294.15
million.
2. During the quarterly periods ended September 30 and December 31,
1998, Cinergy engaged in certain derivative transactions in connec
tion with the foregoing debentures. The transactions consisted of
five Treasury locks. Two of the trade dates occurred on August 27,
one each occurred on September 1, 10 and 30. All trades terminated
on 12/10/98. The total notional amount was $200 million. Cinergy
locked the Treasury component of the debentures at a weighted rate
of 4.99%. The credit ratings of the respective counterparties were
generic AA. There were no fees associated with the transactions.
The underlying security was $200,000,000 principal amount of
Cinergy debentures, 6.53% coupon due December 2008.
3. During the quarterly period ended December 31, 1998, Cinergy did
not issue any Additional Shares pursuant to the January Order.
4. During the quarterly period ended December 31, 1998, Cinergy did
not issue any Additional Shares as gifts or awards to Cinergy sys
tem employees.
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S I G N A T U R E
Pursuant to the requirements of PUHCA, the undersigned company has
duly caused this document to be signed on its behalf by the undersigned
thereunto duly authorized.
Dated: February 10, 1999
CINERGY CORP.
By:/s/William L. Sheafer
Vice President & Treasurer
