SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
In the Matter of CERTIFICATE
Cinergy Corp., et al. OF
File No. 70-9011 NOTIFICATION
Public Utility Holding Company Act of 1935 ("PUHCA" or "Act")
Cinergy Corp., a registered holding company ("Cinergy"), hereby
submits the following information pursuant to rule 24 under PUHCA and the
Commission's order dated March 23, 1998 in the above docket, HCAR No. 26848
("100% Order"). (Any capitalized terms used in this certificate without
separate definition have the respective meanings given to such terms in the
100% Order.)/1/
1. At June 30, 2000, Cinergy's "aggregate investment" and
"consolidated retained earnings" (both as used in rule 53(a) under PUHCA)
were approximately $721.9 million and $1,092.6 million, respectively.
2. Cinergy's aggregate investment at June 30, 2000, is equivalent to
approximately 10.83% of Cinergy's total capitalization, approximately
11.14% of Cinergy's net utility plant, approximately 6.76% of total
consolidated assets, and approximately 17.86% of Cinergy's market
capitalization (each at June 30, 2000).
3. At June 30, 2000, consolidated debt/2/, cumulative preferred
stock, and common equity comprised approximately 57.6%, 1.2% and 41.2%,
respectively, of Cinergy's consolidated capitalization.
4. At June 30, 2000, Cinergy's market-to-book ratio was 147%.
Pursuant to a request for confidential treatment under rule 104(b)
of PUHCA, Cinergy is concurrently filing in paper format as Exhibit A,
certain information concerning growth in retained earnings, net income and
revenues of Cinergy's Exempt Entities.
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.
Date: August 28, 2000
CINERGY CORP.
By: /s/Andrew M. Turk
Vice President & Treasurer
ENDNOTES
/1/ On June 23, 2000, the Commission issued an order in File No. 70-9577,
HCAR No. 27190 (the "June 2000 Order"), superseding Cinergy's authority
granted under the 100% Order to invest in EWGs and FUCOs. The June 2000
Order authorizes Cinergy to increase its aggregate investment in EWGs and
FUCOs, as in existence on the date of the order (i.e., June 23, 2000), by
an incremental amount equal to $1,000,000,000. At the date of the June
2000 Order, Cinergy had an aggregate investment, as defined in Rule 53(a)
under the Act, equal to approximately $731,000,000; accordingly, pursuant
to the terms of the June 2000 Order, from and after June 23, 2000,
Cinergy's authority to invest in EWGs and FUCOs is now subject to an
aggregate limitation of $1,731,000,000 (i.e., (i) aggregate investment at
June 23, 2000 of $731 million, plus (ii) $1 billion). Pursuant to the
terms of the June 2000 Order, Cinergy will commence reporting transactions
thereunder beginning with the calendar quarter ended September 30, 2000.
/2/ As used herein, "consolidated debt" means all long-term debt,
long-term debt due within one year, notes payable and other short-term
obligations, including any short-term debt and non-recourse debt of Exempt
Entities to the extent normally consolidated under applicable financial
reporting rules.
