UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-9C-3
QUARTERLY REPORT PURSUANT TO RULE 58
December 31, 1998
CINERGY CORP.
139 EAST FOURTH STREET
CINCINNATI, OHIO 45202
*Inquiries concerning this Form U-9C-3 should be directed to:
M. Susan Hardwick
Cinergy Corp.
139 East Fourth Street
Cincinnati, Ohio 45202
(513) 287-5667
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TABLE OF CONTENTS
Item Page
Number Number
1 Organization Chart . . . . . . . . . . . . . . . . . . . . . 1
2 Issuances and Renewals of Securities and Capital
Contributions. . . . . . . . . . . . . . . . . . . . . . . 2
3 Associate Transactions
Part I - Transactions Performed by Reporting Companies on
Behalf of Associate Utility Companies. . . . . . . . . . 3
Part II - Transactions Performed by Associate Utility
Companies on Behalf of Reporting Companies . . . . . . . 4
4 Summary of Aggregate Investment. . . . . . . . . . . . . . . 5
5 Other Investments. . . . . . . . . . . . . . . . . . . . . . 6
6a Financial Statements . . . . . . . . . . . . . . . . . . . . 7
6b Exhibits . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Signatures . . . . . . . . . . . . . . . . . . . . . . . . . 8
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ITEM 1. ORGANIZATION CHART
<S> <C> <C> <C> <C> <C>
Energy or Percentage of
Gas-Related Date of State of Voting Nature of
Name of Reporting Company Company Organization Organization Securities Held Business
OMITTED FOR THE FOURTH CALENDAR QUARTER PURSUANT TO INSTRUCTIONS FOR "ITEM 1".
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ITEM 2. ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS*
<S> <C> <C> <C>
Associate Company Energy-Related Company Type of Net Change in
Advancing Funds Receiving Funds Transaction Borrowings/Contributions
(in thousands)
Cinergy Investments, Inc.
("Investments") Enertech Associates, Inc. Open account repayment $(1,327)
Investments Cinergy Engineering, Inc. Open account repayment (12)
Investments Cinergy Resources, Inc. Open account advance 1,343
Investments Cinergy Capital & Trading, Inc. Open account advance 6,604
("Capital & Trading")
Capital & Trading Producers Energy Marketing LLC Open account advance 1,047
Capital & Trading CinPower I, LLC Capital contribution 292
Investments Cinergy Supply Network, Inc. Open account advance 1,335
Investments Cinergy-Cadence, Inc. Open account advance 254
("Cinergy-Cadence")
Cinergy-Cadence Cadence Network LLC Open account advance 12
Cinergy Solutions, Inc. Trigen-Cinergy Solutions LLC Open account advance 1,015
("Solutions")
Solutions Trigen-Cinergy Solutions of Cincinnati LLC Open account advance 181
Solutions Trigen-Cinergy Solutions of Tuscola LLC Capital contribution 2,451
Solutions Trigen-Cinergy Solutions of Boca Raton, LLC Capital contribution 2,040
Cinergy Global Resources, Inc. San Gorgonio, Inc. Capital contribution 10,625
<FN>
* Item 2 excludes additional guarantees issued on behalf of energy-related
companies by Cinergy or its subsidiaries during the fourth quarter of 1998
totaling $51.5 million. These guarantees are included in Item 4. Summary of
Aggregate Investment.
</FN>
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ITEM 3. ASSOCIATE TRANSACTIONS
Part I - Transactions Performed by Reporting Companies on Behalf of Associate Utility Companies
<S> <C> <C> <C> <C> <C> <C>
Reporting Company Associate Utility Company Types of Direct Indirect Total
Rendering Receiving Services Costs Costs Cost of Amount
Services Services Rendered Charged Charged Capital Billed
- ----------------- ------------------------- -------- ------- -------- ------- ------
NONE
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<CAPTION>
ITEM 3. ASSOCIATE TRANSACTIONS (Continued)
Part II - Transactions Performed by Associate Utility Companies on Behalf of Reporting Companies
<S> <C> <C> <C> <C> <C> <C>
Associate Utility Reporting Company Types of Direct Indirect Total
Company Rendering Receiving Services Costs Costs Cost of Amount
Services Services Rendered Charged Charged Capital Billed
- ----------------- ----------------- -------- ------- -------- ------- ------
NONE
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ITEM 4. SUMMARY OF AGGREGATE INVESTMENT
December 31, 1998
(in thousands)
Investments in Energy-Related Companies:
Total consolidated capitalization of Cinergy Corp.
as of December 31, 1998 $6,278,038
Total capitalization multiplied by 15% 941,706
Greater of $50 million or total capitalization
multiplied by 15% 941,706
Total current aggregate investment subsequent to
March 24, 1997 (categorized by major line of
energy-related business):
Energy-related business category "i" (1) 14,257
Energy-related business category "v" (2) 364,263
Energy-related business category "vi" (3) 13,604
Energy-related business category "vii" (4) 2,139
Energy-related business category "viii" (5) 23,008
Total current aggregate investment 417,271
Difference between the greater of $50 million or 15%
of capitalization and the total aggregate investment
of the registered holding company system $524,435
========
(1) Rule 58 defines category "i" as the rendering of energy management services
and demand-side management services.
(2) Rule 58 defines category "v" as the brokering and marketing of energy
commodities, including but not limited to electricity, natural or
manufactured gas and other combustible fuels.
(3) Rule 58 defines category "vi" as the production, conversion, sale and
distribution of thermal energy products, such as process steam, heat, hot
water, chilled water, air conditioning, compressed air and similar
products; alternative fuels; and renewable energy resources; and the
servicing of thermal energy facilities.
(4) Rule 58 defines category "vii" as the sale of technical, operational,
management, and other similar kinds of services and expertise, developed in
the course of utility operations in such areas as power plant and
transmission system engineering, development, design and rehabilitation;
construction; maintenance and operation; fuel procurement, delivery and
management; and environmental licensing, testing and remediation.
(5) Rule 58 defines category "viii" as the development, ownership or operation
of "qualifying facilities," as defined under the Public Utility Regulatory
Policies Act of 1978, as amended ("PURPA"), and any integrated thermal,
steam host, or other necessary facility constructed, developed or acquired
primarily to enable the qualifying facility to satisfy the useful thermal
output requirements under PURPA.
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ITEM 5. OTHER INVESTMENTS
<S> <C> <C> <C>
Major Line of Energy-Related Other Investment in Last Other Investment in this Reason for Difference in
Business U-9C-3 Report U-9C-3 Report Other Investment
(in thousands)
NONE
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ITEM 6. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements
OMITTED FOR THE FOURTH CALENDAR QUARTER PURSUANT TO INSTRUCTIONS FOR "ITEM 6".
(b) Exhibits
None
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SIGNATURES
Pursuant to the requirements of the Public Utility Holding Company Act of
1935, Cinergy Corp. has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
Cinergy Corp.
Registrant
Dated: March 29, 1999
By /s/ Bernard F. Roberts
Bernard F. Roberts
Duly Authorized Officer
and
Chief Accounting Officer
With the above signature, I also hereby certify that the corresponding report on
Form U-9C-3 for the fourth quarter of 1998 was filed with Cinergy Corp's
interested state commissions whose names and addresses are listed below.
The Public Utilities Commission of Ohio
Craig Glazer, Chairman
180 East Broad Street
Columbus, OH 43266
Indiana Utility Regulatory Commission
William D. McCarty, Chairman
302 W. Washington Street, Suite E306
Indianapolis, IN 46204
Kentucky Public Service Commission
B. J. Helton, Chairman
P.O. Box 615
Frankfort, KY 40602
