FORM U-6B-2
CERTIFICATE OF NOTIFICATION
under the Public Utility Holding Company Act of 1935 ("PUHCA")
PSI Energy, Inc. ("PSI"), an Indiana corporation and electric utility
subsidiary of Cinergy Corp., a registered holding company, hereby notifies
the Commission that it has issued the securities described below pursuant
to an exemption from Section 6(a) of PUHCA:
1. Type of security: Promissory Note ("Note")
2. Issue, renewal or guaranty: Issuance.
3. Principal amount: $44,025,000
$10,000,000
Total $54,025,000
4. Annual rate of interest: Variable.
5. Date of issue: May 15, 2000.
6. Date of maturity: $44,025,000 - May 1, 2035, subject to prior
redemption.
$10,000,000 - April 1, 2022, subject
to prior redemption.
7. Name of acquiree of Note: Indiana Development Finance Authority
("Authority").
8. Collateral: Principal and interest on the bonds when due is insured
by a municipal bond insurance policy ("Bond Insurance Pol icy") issued
by Ambac Assurance Corporation ("Bond Insurer") expiring at maturity
on May 1, 2035, for the $44,025,000 Series 2000A Bonds (subject to
earlier termination ) and April 1, 2022, for the $10,000,000 Series
2000B Bonds (subject to earlier termination). PSI will reimburse
Ambac Assurance for all payments made under the terms of the Bond
Insurance Policy.
9. Consideration received for the Note: Loan by the Authority to PSI in
an equal aggregate principal amount of the proceeds from the issue and
sale on May 15, 2000, of the Authority's Environmental Refunding
Revenue Bonds, Series 2000A and 2000B (PSI Energy, Inc. Project).
10. Application of Note proceeds: Payment of a portion of the c osts of
redeeming certain outstanding bonds (namely, $14,250,000 Indiana
Employment Development Commission 7.5% Environmental Revenue Bonds,
Series 1990 (Public Service Company of Indiana, Inc.), $29,795,000
Indiana Development Finance Authority 5.6% Environmental Revenue
Bonds, Series 1993A (PSI Energy, Inc.) and $10,000,000 City of
Princeton, Indiana 7-3/8% Pollution Control Refunding Revenue Bonds
1990 Series (Public Service Company of Indiana, Inc. Project C). The
Refunded Bonds were issued to finance PSI's costs of acquiring,
constructing and equipping certain pollution control, sewage
facilities and solid waste disposal facilities located at various
electric generating facilities in the State of Indiana.
11. Exemption claimed: Rule 52(a).
PSI ENERGY, INC.
By: /s/Andrew Turk
Vice President and Treasurer
Dated: August 10, 2000
