EXHIBIT 99



          CINERGY SELECTS DELOITTE & TOUCHE AS INDEPENDENT ACCOUNTANTS

CINCINNATI - Cinergy Corp. (NYSE:CIN) announced today that its board of
directors has selected Deloitte & Touche as its independent public accountant
for the fiscal year 2002. Deloitte & Touche replaces Arthur Andersen LLP.

The board acted upon the recommendation of its audit committee which had
reviewed the qualifications of other "Big Five" accounting firms as part of its
on-going corporate governance process. Earlier in the year, the company said it
was engaged in a review of developments concerning Andersen and was tracking
closely the uncertainty surrounding the firm, as well as developments affecting
all auditing firms.

"While we have received an excellent level of service from Andersen's Cincinnati
office, the uncertainties facing Andersen led us to conclude that this action is
in the best interest of the company at this time," said R. Foster Duncan,
executive vice president and chief financial officer of Cinergy. "Deloitte &
Touche has shown our board and management that it has the depth of experience
and knowledge, as well as high quality people, to dedicate to our account. The
transition to Deloitte & Touche will begin in May."

The change of independent public accountants is not the result of any
disagreement between the company and Andersen on matters of accounting
principles or practices, financial statement disclosure or auditing scope and
procedure.



Cinergy Corp. has a balanced, integrated portfolio consisting of two core
businesses: Regulated Operations and Energy Merchant. Cinergy owns regulated
delivery operations in Ohio, Indiana, and Kentucky that serve 1.5 million
electric customers and about 500,000 gas customers. In addition, its Indiana
regulated operations own 6,000 megawatts of generation. Cinergy's Energy
Merchant business is a Midwest leader in low-cost generation owning 7,000
megawatts of capacity with a profitable balance of stable existing customer
portfolios, new customer origination, marketing and trading, and industrial-site
cogeneration. The "into Cinergy" power-trading hub is the most liquid trading
hub in the nation.

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