-----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, UUnKMeLTLqd2dB1xE46QMC4XfNse8VdmqdmhdruBsRQpyFf4FbIVhh2Vy1nddsSf p6gQH+iqrGIAyhxbSpPA4w== 0000899652-98-000094.txt : 19980529 0000899652-98-000094.hdr.sgml : 19980529 ACCESSION NUMBER: 0000899652-98-000094 CONFORMED SUBMISSION TYPE: U-9C-3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980331 FILED AS OF DATE: 19980528 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: U-9C-3 SEC ACT: SEC FILE NUMBER: 074-00007 FILM NUMBER: 98633078 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 U-9C-3 1 1998 1ST QUARTER U-9C-3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM U-9C-3 QUARTERLY REPORT PURSUANT TO RULE 58 March 31, 1998 CINERGY CORP. 139 EAST FOURTH STREET CINCINNATI, OHIO 45202 *Inquiries concerning this Form U-9C-3 should be directed to: Teresa A. Zauss Cinergy Corp. 1000 East Main Street Plainfield, Indiana 46168 (317) 838-1115 TABLE OF CONTENTS Item Page Number Number 1 Organization Chart . . . . . . . . . . . . . . . . . . . . . 1 2 Issuances and Renewals of Securities and Capital Contributions. . . . . . . . . . . . . . . . . . . . . . . 3 3 Associate Transactions Part I - Transactions Performed by Reporting Companies on Behalf of Associate Utility Companies. . . . . . . . . . 4 Part II - Transactions Performed by Associate Utility Companies on Behalf of Reporting Companies . . . . . . . 5 4 Summary of Aggregate Investment. . . . . . . . . . . . . . . 6 5 Other Investments. . . . . . . . . . . . . . . . . . . . . . 7 6a Financial Statements . . . . . . . . . . . . . . . . . . . . 8 6b Exhibits . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Signatures . . . . . . . . . . . . . . . . . . . . . . . . . 9
ITEM 1. ORGANIZATION CHART Energy or Percentage of Voting Gas-Related Date of State of Securities Nature of Name of Reporting Company Company Organization Organization Held Business (Indentation indicates subsidiary relationship) Cinergy Corp. (Cinergy) Cinergy Investments, Inc. (Investments) Cinergy Supply Network, Inc. (Supply) (New)*(1) Energy-Related 01/14/1998 Delaware 100% Utility Technical Services Cinergy Capital & Trading, Inc. (Capital & Trading) (2) Energy-Related 10/08/1992 Indiana 100% Marketing and Trading Energy Commodities Cinergy Resources, Inc. (Cinergy Resources) (3) Energy-Related 01/07/1994 Delaware 100% Marketing and Trading Energy Commodities CinCap IV, LLC (CinCap) *(4) Energy-Related 12/03/1997 Delaware 100% Marketing and Trading Energy Commodities Cinergy Engineering, Inc. (Engineering) (5) Energy-Related 03/28/1997 Ohio 100% Engineering and Other Technical Services Enertech Associates, Inc. (Enertech)* (6) Energy-Related 10/21/1992 Ohio 100% Utility Management Consulting Services Cinergy Solutions, Inc. (Solutions) Trigen-Cinergy Solutions LLC (7) Energy-Related 02/18/1997 Delaware 50% Development of Qualifying Facilities Trigen-Cinergy Solutions of Illinois L.L.C. (8) Energy-Related 04/17/1997 Delaware 49% Development of Qualifying Facilities Trigen-Cinergy Solutions of Cincinnati LLC (9) Energy-Related 08/29/1997 Ohio 51% Chilled Water Cinergy-Cadence, Inc. (Cinergy-Cadence) (10) Energy-Related 12/27/1989 Indiana 100% Holds Investments' Ownership Interest in Cadence Cadence Network LLC (Cadence) (11) Energy-Related 09/03/1997 Delaware 33.3% Energy Management Services and Consulting Services * Inactive
1 ITEM 1. ORGANIZATION CHART (Continued) (1) Supply was formed in January 1998 to broker transmission and distribution materials and services and to provide underground utility facilities location services. (2) During the first quarter of 1998, Capital & Trading marketed and traded primarily natural gas and other energy commodities as well as derivative commodity instruments on a nationwide basis. (3) During the first quarter of 1998, Cinergy Resources continued in its business of retail marketing of natural gas on a non-regulated basis to residential, industrial and commercial customers, primarily in the states of Ohio, Kentucky, and Indiana. In connection with its retail gas marketing business, Cinergy Resources acquires gas supplies and related transportation capacity to support such sales. Cinergy Resources also participates in a pilot program in Pennsylvania under which electric customers throughout the state will have the right to choose their electric supplier. Cinergy Resources began delivering power to Pennsylvania customers in December 1997. (4) CinCap is currently inactive and did not have any activity during the first quarter of 1998. (5) During the first quarter of 1998, Engineering provided engineering designs and engineering technical support in connection with various projects or proposals related to, among other things, electric substations and distribution facilities. (6) See Note 6 of the "Notes to Financial Statements" in "Part I Financial Information" in Cinergy's 1998 Form 10-Q for the quarter ended March 31, 1998 and Note 12d of Cinergy's 1997 Form 10-K for a discussion of certain litigation involving Enertech. (7) During the first quarter of 1998, Trigen-Cinergy Solutions LLC investigated opportunities throughout the United States for providing self-generation, cogeneration, tri-generation, and similar energy asset type projects. (8) During 1998, Trigen-Cinergy Solutions of Illinois L.L.C. will provide energy services, including cogeneration, steam, and compressed air, to a manufacturing facility in Illinois. (9) Trigen-Cinergy Solutions of Cincinnati LLC has a district cooling business in downtown Cincinnati. (10) Cinergy-Cadence holds Investments' one-third ownership interest in Cadence. (11) Cadence provides a single source for both energy management services and products designed to lower energy costs for national customers that operate in multiple locations across the country. 2
ITEM 2. ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS Associate Company Energy-Related Company Type of Net Change in Advancing Funds Receiving Funds Transaction Borrowings/Contributions (in thousands) Investments Enertech Open account advance $ 519 Investments Engineering Open account advance 48 Investments Cinergy Resources Open account repayment (966) Investments Capital & Trading Open account advance 11,527 Investments Supply Network Open account advance 43 Investments Cinergy-Cadence Open account advance 41 Investments Cadence Open account advance 9 Solutions Trigen-Cinergy Solutions LLC Open account advance 439 Solutions Trigen-Cinergy Solutions of Cincinnati LLC Open account advance 336
3
ITEM 3. ASSOCIATE TRANSACTIONS Part I - Transactions Performed by Reporting Companies on Behalf of Associate Utility Companies Reporting Company Associate Utility Company Types of Direct Indirect Total Rendering Receiving Services Costs Costs Cost of Amount Services Services Rendered Charged Charged Capital Billed - ----------------- ------------------------- -------- ------- -------- ------- ------ NONE
4
ITEM 3. ASSOCIATE TRANSACTIONS (Continued) Part II - Transactions Performed by Associate Utility Companies on Behalf of Reporting Companies Associate Utility Reporting Company Types of Direct Indirect Total Company Rendering Receiving Services Costs Costs Cost of Amount Services Services Rendered Charged Charged Capital Billed - ----------------- ----------------- -------- ------- -------- ------- ------ NONE 5
ITEM 4. SUMMARY OF AGGREGATE INVESTMENT March 31, 1998 (in thousands) Investments in Energy-Related Companies: Total consolidated capitalization of Cinergy as of March 31, 1998 $6,067,577 Total capitalization multiplied by 15% 910,137 Greater of $50 million or total capitalization multiplied by 15% 910,137 Total current aggregate investment subsequent to March 24, 1997 (categorized by major line of energy-related business): Energy-related business category "i" (1) 12,929 Energy-related business category "v" (2) 95,544 Energy-related business category "vi" (3) 8,759 Energy-related business category "vii" (4) 297 Energy-related business category "viii" (5) 1,845 ------ Total current aggregate investment 119,374 Difference between the greater of $50 million or 15% of capitalization and the total aggregate investment of the registered holding company system $790,763 ======== (1) Rule 58 defines category "i" as the rendering of energy management services and demand-side management services. (2) Rule 58 defines category "v" as the brokering and marketing of energy commodities, including but not limited to electricity, natural or manufactured gas and other combustible fuels. (3) Rule 58 defines category "vi" as the production, conversion, sale and distribution of thermal energy products, such as process steam, heat, hot water, chilled water, air conditioning, compressed air and similar products; alternative fuels; and renewable energy resources; and the servicing of thermal energy facilities. (4) Rule 58 defines category "vii" as the sale of technical, operational, management, and other similar kinds of services and expertise, developed in the course of utility operations in such areas as power plant and transmission system engineering, development, design and rehabilitation; construction; maintenance and operation; fuel procurement, delivery and management; and environmental licensing, testing and remediation. (5) Rule 58 defines category "viii" as the development, ownership or operation of "qualifying facilities," as defined under the Public Utility Regulatory Policies Act of 1978, as amended ("PURPA"), and any integrated thermal, steam host, or other necessary facility constructed, developed or acquired primarily to enable the qualifying facility to satisfy the useful thermal output requirements under PURPA. 6
ITEM 5. OTHER INVESTMENTS Major Line of Energy-Related Other Investment in Last Other Investment in this Reason for Difference in Business U-9C-3 Report U-9C-3 Report Other Investment (in thousands) NONE
7 ITEM 6. FINANCIAL STATEMENTS AND EXHIBITS (a) Financial Statements Filed pursuant to Rule 104(b) on a confidential basis. (b) Exhibits None 8 SIGNATURES Pursuant to the requirements of the Public Utility Holding Company Act of 1935, Cinergy Corp. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Cinergy Corp. Registrant Dated: May 28, 1998 By /s/ John P. Steffen John P. Steffen Duly Authorized Officer and Chief Accounting Officer With the above signature, I also hereby certify that the corresponding report on Form U-9C-3 for the fourth quarter of 1997 was filed with Cinergy Corp's interested state commissions whose names and addresses are listed below. The Public Utilities Commission of Ohio Craig Glazer, Chairman 180 East Broad Street Columbus, OH 43266 Indiana Utility Regulatory Commission William D. McCarty, Chairman 302 W. Washington Street, Suite E306 Indianapolis, IN 46204 Kentucky Public Service Commission B. J. Helton, Chairman P.O. Box 615 Frankfort, KY 40602 -----END PRIVACY-ENHANCED MESSAGE-----