-----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, JG5kWy+SU/IJxGIsS5t7fjWcsZRt0pEo9xCOpaK5EmispG6k3ATL7fSIh2WTytzH SF+w8XMlXA9G1nlUYeusjg== 0000899652-96-000197.txt : 19961115 0000899652-96-000197.hdr.sgml : 19961115 ACCESSION NUMBER: 0000899652-96-000197 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19961113 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: 96661855 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 CERTIFICATION OF NOTIFICATION (RULE 24) 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 September 30, 1996 ("Third 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 Third Quarter and of projects in which they have an ownership interest: (a) Investments.. No change in activities as previously summarized in Rule 24 certificate in this docket covering calendar quarter ended June 30, 1996. (b) Energy Argentina. No change in activities as previously summarized in Rule 24 certificate in this docket covering calendar quarter ended June 30, 1996. (c) CGE ECK No change in activities as previously summarized in Rule 24 certificate in this docket covering calendar quarter ended June 30, 1996. (d) Midlands. During the Third Quarter, Avon Energy completed its acquisition of all the outstanding common stock of Midlands. The total consideration paid by Avon Energy was approximately $2.6 billion. Also, in connection therewith Cinergy UK made a series of short-term (approximately 30 days or less) borrowings and reborrowings (ranging from $2 million to $30 million in principal amount and bearing annual interest at fixed rates ranging from 6.66% to 6.76%) under its $40 million Credit Agreement, dated as of May 6, 1996, with Barclays Bank PLC, as administrative agent, and the various banks named therein. 3. Information on intercompany service transactions involving the Special Purpose Subsidiaries during the Third 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) accounting, financial, legal (ii) accounting, financial, legal (c) total dollar amount of services provided per associate company service provider: (i) $39,000 (ii) $197,000 4. The following unaudited financial statements are filed herewith: (a) Special Purpose Subsidiaries Financial Statements, dated September 30, 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: November 13, 1996 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). EX-99.A 2
CINERGY COOLING CORP. STATEMENT OF INCOME (UNAUDITED) QUARTER ENDED SEPTEMBER 30, 1996 cinergy cooling (in thousands) Operating Revenues - - - Operating Expenses Other operation - - - Income Taxes - - - Taxes other than income taxes - - - - - - Operating Income - - - Other Income and Expense - Net Income Taxes 287 ** 202 Other - net (802) ** (575) (515) ** (373) Income Before Interest and Other Charges (515) ** (373) Other interest 20 ** 3 Net Income ($535) ** ($376)
CINERGY COOLING CORP. BALANCE SHEET (UNAUDITED) AT SEPTEMBER 30, 1996 (in thousands) ASSETS Current Assets Accounts receivable - Accounts receivable - affiliates - Other - - Other Assets Nonutility property 1,239 Accumulated depreciation - 1,239 Construction work in progress - 1,239 Other 2 1,241 $1,241 CAPITALIZATION AND LIABILITIES Common Stock Equity Paid-in capital - Retained earnings (911) Total common stock equity (911) Current Liabilities Accounts payable - Accounts payable - affiliates 2,641 Accrued taxes (489) 2,152 Other Liabilities Deferred income taxes - Other - - $1,241
CINERGY CORP. SPECIAL PURPOSE SUBSIDIARIES STATEMENTS OF INCOME (UNAUDITED) QUARTER ENDED SEPTEMBER 30, 1996 PSI Energy Argentina Argentina CGE ECK (in thousands) Operating Revenues - - - Operating Expenses Other operation - - - Income Taxes - - - Taxes other than income taxes - - - - - - Operating Income - - - Other Income and Expense - Net Income Taxes (111) 20 3 Equity in Earnings of Avon Holdings - - - Other - net 236 (53) - 125 (33) 3 Income Before Interest and Other Charges 125 (33) 3 Other interest - - 9 Net Income $125 ($33) ($6) 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. (C0NTINUED) SPECIAL PURPOSE SUBSIDIARIES STATEMENTS OF INCOME (UNAUDITED) QUARTER ENDED SEPTEMBER 30, 1996 Cinergy Cinergy Cooling U.K. (in thousands) Operating Revenues - - Operating Expenses Other operation - - Income Taxes - - Taxes other than income taxes - - - - Operating Income - - Other Income and Expense - Net Income Taxes 91 91 Equity in Earnings of Avon Holdings 8,875 Other - net (201) (201) (110) 8,765 Income Before Interest and Other Charges (110) 8,765 Other interest 59 59 Net Income ($169) $8,706 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 SEPTEMBER 30, 1996 PSI Energy Argentina Argentina CGE ECK (in thousands) ASSETS Current Assets Accounts receivable $122 - - Accounts receivable - affiliates 17,586 - - Other 109 53 - 17,817 53 - Other Assets Investment in Avon Holdings - - - Other - 10,705 - - 10,705 - - $17,817 $10,758 - - CAPITALIZATION AND LIABILITIES Common Stock Equity Paid-in capital $9,587 $10,705 - Retained earnings 7,597 - (494) Cumulative foreign currency translation adjustment - - - Total common stock equity 17,184 10,705 (494) Current Liabilities Accounts payable 66 - - Accounts payable - affiliates - 53 707 Accrued taxes 258 - (213) 324 53 494 Other Liabilities Deferred income taxes 134 - - Other 175 - - 309 - - $17,817 $10,758 - 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. (CONTINUED) SPECIAL PURPOSE SUBSIDIARIES BALANCE SHEETS (UNAUDITED) AT SEPTEMBER 30, 1996 Cinergy Cinergy Cooling U.K. (in thousands) ASSETS Current Assets Accounts receivable - - Accounts receivable - affiliates - - Other - - - - - Other Assets Investment in Avon Holdings 512,746 Other 2 317 2 - 513,063 $2 - $513,063 CAPITALIZATION AND LIABILITIES Common Stock Equity Paid-in capital - $502,077 Retained earnings (376) 11,383 Cumulative foreign currency translation adjustment (899) Total common stock equity (376) 512,561 Current Liabilities Accounts payable - - Accounts payable - affiliates 1,070 602 Accrued taxes (202) (100) 868 502 Other Liabilities Deferred income taxes - - Other - - - - $492 $513,063 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.
-----END PRIVACY-ENHANCED MESSAGE-----