-----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, Qj3FchxNsrN6jSKwyHkmD+EBX+OMSe07W1aBiMljVnQ2B4YHgzHkaSfmlxogkkGA g2Tt1T+/dQZVZdSOvszx7g== 0000899652-97-000013.txt : 19970222 0000899652-97-000013.hdr.sgml : 19970222 ACCESSION NUMBER: 0000899652-97-000013 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970213 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CINERGY CORP CENTRAL INDEX KEY: 0000899652 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 311385023 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: 1935 Act SEC FILE NUMBER: 070-08589 FILM NUMBER: 97530095 BUSINESS ADDRESS: STREET 1: 139 E FOURTH ST CITY: CINCINNATI STATE: OH ZIP: 45202 BUSINESS PHONE: 5133812000 MAIL ADDRESS: STREET 1: 139 E FOURTH STREET CITY: CINCINATI STATE: OH ZIP: 45202 35-CERT 1 CERTIFICATE OF NOTIFICATION SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 In the Matter of CERTIFICATE Cinergy Corp. et al. OF File No. 70-8589 NOTIFICATION (Public Utility Holding Company Act of 1935) With reference to the transactions (a) proposed in the Application-Declaration on Form U-1, as amended, in the above proceeding filed by Cinergy Corp., a registered holding company ("Cinergy"), Cinergy Investments, Inc., Cinergy's nonutility subholding company ("Investments"), and Cinergy Services, Inc., Cinergy's service company subsidiary ("Cinergy Services"; and together with Cinergy and Investments, the "Applicants"), and (b) authorized by the Commission in its orders with respect thereto dated, respectively, March 8, 1996 (Rel. No. 35-26486) and September 21, 1995 (Rel. No. 35-26376), Services hereby notifies the Commission, on behalf of itself and the other Applicants, as follows: 1. For the calendar quarterly period ended December 31, 1996 ("Fourth Quarter"), none of the Special Purpose Subsidiaries/1/ issued any Recourse Debt Securities./2/ 2. General description of activities of Investments and Special Purpose Subsidiaries during the Fourth Quarter and of projects in which they have an ownership interest: (a) Investments. No new information to report. (b) Energy Argentina. No new information to report. (c) CGE ECK. No new information to report. (d) Midlands. No new information to report. 3. Information on intercompany service transactions involving the Special Purpose Subsidiaries during the Fourth Quarter: (a) name of each associate company providing services and associate company recipient: (i) Cinergy Services/Energy Argentina (ii) Cinergy Services/Cinergy UK (b) listing of services provided: (i) legal and executive (ii) accounting, financial, legal and executive (c) total dollar amount of services provided per associate company service provider: (i) $28,000 (ii) $640,000 4. The following unaudited financial statements are filed herewith: (a) Unaudited Special Purpose Subsidiaries Financial Statements, dated December 31, 1996 S I G N A T U R E Pursuant to the requirements of the Public Utility Holding Company Act of 1935, as amended, the undersigned company has duly caused this document to be signed on its behalf by the undersigned thereunto duly authorized. Date: February 13, 1997 CINERGY SERVICES, INC. By:/s/William L. Sheafer Treasurer Endnotes /1/ As used herein, "Special Purpose Subsidiaries" refers to the following direct or indirect subsidiaries of Cinergy that are either exempt wholesale generators ("EWGs") or foreign utility companies ("FUCOs") or companies organized for the exclusive purpose of acquiring and owning or holding, directly or indirectly, interests in FUCOs (each, a "FUCO Parent"): PSI Energy Argentina, Inc.("Energy Argentina"), CGE ECK, Inc. ("CGE ECK"), Cinergy UK, Inc. (formerly M.E. Holdings, Inc.) ("Cinergy UK"), Avon Energy Partners Holdings ("Avon Holdings"), Avon Energy Partners plc ("Avon Energy"), Midlands Electricity plc ("Midlands"). Costanera Power Corp. ("Costanera"), PSI Argentina, Inc.("PSI Argentina"), PSI T&D International, Inc., PSI Yacyreta, Inc., PSI Power Resource Development, Inc., PSI Power Resource Operations, Inc., PSI International, Inc. and PSI Sunnyside, Inc. are all inactive Cinergy system companies formed to act as EWGs or FUCO Parents. /2/ Recourse Debt Securities means any promissory note, bond or other evidence of indebtedness issued by a Special Purpose Subsidiary to a nonassociate company with respect to which Cinergy or Investments issues a guarantee (including obtaining a letter of credit).
CINERGY CORP. SPECIAL PURPOSE SUBSIDIARIES STATEMENTS OF INCOME (UNAUDITED) QUARTER ENDED DECEMBER 31, 1996 PSI Energy Cinergy Argentina Argentina CGE ECK U.K. (in thousands) Operating Revenues $ 0 $ 0 $ 0 $ 0 Operating Expenses Other operation 0 0 0 0 Income Taxes 0 0 0 0 Taxes other than income taxes 0 0 0 0 0 0 0 0 Operating Income 0 0 0 0 Other Income and Expense - Net Income Taxes (85) (11) 4 2,700 Equity in Earnings of Avon Holdings 0 0 0 13,861 Other - net 245 29 0 (644) 160 18 4 15,917 Income Before Interest and Other Charges 160 18 4 15,917 Other interest 1 1 11 870 Net Income $ 159 $ 17 $ (7) $ 15,047 NOTE: The following companies are inactive and thus have no activity to report; COSTANERA POWER CORP. PSI T&D INTERNATIONAL, INC. PSI YACYRETA, INC. PSI POWER RESOURCE DEVELOPMENT, INC. PSI POWER RESOURCE OPERATIONS, INC. PSI INTERNATIONAL, INC. PSI SUNNYSIDE, INC.
CINERGY CORP. SPECIAL PURPOSE SUBSIDIARIES BALANCE SHEETS (UNAUDITED) AT DECEMBER 31, 1996 PSI Energy Cinergy Argentina Argentina CGE ECK U.K. (in thousands) ASSETS Current Assets Accounts receivable $ 122 $ 0 $ 0 $ 0 Accounts receivable - affiliates 18,241 41 0 0 Other 94 33 0 0 18,457 74 0 0 Other Assets Investment in Avon Holdings 0 0 0 592,661 Other (39) 10,705 0 424 (39) 10,705 0 593,085 $ 18,418 $ 10,779 $ 0 $ 593,085 CAPITALIZATION AND LIABILITIES Common Stock Equity Paid-in capital $ 9,587 $ 10,705 $ 0 $ 475,462 Retained earnings 7,756 17 (500) 26,430 Cumulative foreign currency translation adjustment 0 0 0 (131) Total common stock equity 17,343 10,722 (500) 501,761 Current Liabilities Notes payable 0 0 0 27,000 Short-term bank borrowing 0 0 0 65,355 Accounts payable 66 0 0 0 Accounts payable - affiliates 0 0 711 1,719 Accrued taxes 699 57 (211) (2,680) 765 57 500 91,394 Other Liabilities Deferred income taxes 134 0 0 (70) Other 176 0 0 0 310 0 0 (70) $ 18,418 $ 10,779 $ 0 $ 593,085 NOTE: The following companies are inactive and thus have no activity to report; COSTANERA POWER CORP. PSI T&D INTERNATIONAL, INC. PSI YACYRETA, INC. PSI POWER RESOURCE DEVELOPMENT, INC. PSI POWER RESOURCE OPERATIONS, INC. PSI INTERNATIONAL, INC. PSI SUNNYSIDE, INC.
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