-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DrSPlDlkZqzPMvm54wumRfCdDhdY/0BGeWClsuKxd9BM1LdoGKxLY3alr2Fa8KCc Uu0PBhjzJ047rwIP9EAk9w== 0000899652-98-000112.txt : 19980716 0000899652-98-000112.hdr.sgml : 19980716 ACCESSION NUMBER: 0000899652-98-000112 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980715 ITEM INFORMATION: FILED AS OF DATE: 19980715 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CINCINNATI GAS & ELECTRIC CO CENTRAL INDEX KEY: 0000020290 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 310240030 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-01232 FILM NUMBER: 98666874 BUSINESS ADDRESS: STREET 1: 139 E FOURTH ST ROOM 362-ANNEX CITY: CINCINNATI STATE: OH ZIP: 45202 BUSINESS PHONE: 5133812000 8-K 1 SECOND QTR. CHARGES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 30, 1998 The Cincinnati Gas & Electric Company (Exact name of registrant as specified in its charter) Ohio 1-1232 31-0240030 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 139 East Fourth Street, Cincinnati, OH 45202 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (513) 381-2000 ITEM 5. OTHER EVENTS. The Cincinnati Gas & Electric Company (Company), a subsidiary of Cinergy Corp., will provide additional reserves of $58 million ($37 million after tax), in the second quarter of 1998 for its electric trading business. These additional reserves reflect the results of the Company's reassessment of the basis upon which it provides reserves, including those for credit exposure, on its existing contracts. The Company expects no realized loss from its trading operations in the second quarter of 1998, despite dramatic swings in the electricity market caused by unseasonably hot weather in June, scheduled and unplanned generating unit outages in the region and defaults by several power marketers on their supply obligations. The Company considered the effects of these events in estimating the value of its existing contract positions. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. The Cincinnati Gas & Electric Company (Registrant) Date: July 15, 1998 By: /s/ John P. Steffen John P. Steffen, Vice President and Comptroller (Signature) -----END PRIVACY-ENHANCED MESSAGE-----