-----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, RDXLF46fF+sZTIVXl/kisSD3yXNoEsfv8CIiOYDaS1oXk5ATs6Su8k0cviOU2J/Y 9425fNfNLBTDuWEzKg4qng== 0000899652-97-000121.txt : 19970515 0000899652-97-000121.hdr.sgml : 19970515 ACCESSION NUMBER: 0000899652-97-000121 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19970514 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: 97605821 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 March 31, 1997 ("First 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 First 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. This company has entered into a contract with a nonaffiliated third-party for the sale of its 3% ownership interest in ECK s.r.o. (d) Midlands. No new information to report. 3. Information on intercompany service transactions involving the Special Purpose Subsidiaries during the First 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) $23,000 (ii) $176,000 4. The following unaudited financial statements are filed herewith: (a) Unaudited Special Purpose Subsidiaries Financial Statements, dated March 31, 1997 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: May 14, 1997 CINERGY SERVICES, INC. By:/s/William L. Sheafer Vice President and 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 (each, a "FUCO Parent") organized for the exclusive purpose of acquiring and owning or holding, directly or indirectly, interests in FUCOs: 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 Energy Partners plc, Midlands Electricity plc ("Midlands"). Costanera Power Corp., PSI Argentina, Inc., 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.FS.1 2
CINERGY CORP. SPECIAL PURPOSE SUBSIDIARIES STATEMENTS OF INCOME (UNAUDITED) QUARTER ENDED MARCH 31, 1997 PSI Energy Cinergy Argentina Argentina CGE ECK 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 ............................................. (89) (158) 3 (4,214) Equity in Earnings of Avon Holdings ...................... -- -- -- 26,500 Other - net .............................................. 255 417 -- (181) ----- ----- -------- -------- 166 259 3 22,105 Income Before Interest and Other Charges ............................................ 166 259 3 22,105 Other interest ........................................... -- -- 10 1,208 Net Income ............................................... $ 166 $ 259 $ (7) $ 20,897 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 MARCH 31, 1997 PSI Energy Cinergy Argentina Argentina CGE ECK U.K. (in thousands) ASSETS Current Assets Accounts receivable ...................................... $ 122 $ -- $ -- $ -- Accounts receivable - affiliates ......................... 18,207 478 -- -- Other .................................................... 84 13 -- -- ------- ------- -------- -------- 18,413 491 -- -- Other Assets Investment in Avon Holdings .............................. -- -- -- 593,099 Other .................................................... -- 10,705 -- 322 ------- ------- -------- -------- -- 10,705 -- 593,421 $18,413 $11,196 $ -- $593,421
CAPITALIZATION AND LIABILITIES Common Stock Equity Paid-in capital .......................................... $ 9,587 $10,705 $ -- $ 483,462 Retained earnings (deficit) .............................. 7,921 276 (507) 47,327 Cumulative foreign currency translation adjustment ............................................... -- -- -- (1,166) ------- ------- --------- --------- Total common stock equity ................................ 17,508 10,981 (507) 529,623 Current Liabilities Notes payable ............................................ -- -- -- 19,000 Accounts payable ......................................... 66 -- -- 771 Accounts payable - affiliates ............................ -- 14 719 1,776 Accrued taxes ............................................ 529 201 (212) 2,034 Accrued interest ......................................... -- -- -- 15 ------- ------- --------- --------- 595 215 507 23,596 Other Liabilities Long-term bank borrowing ................................. -- -- -- 40,770 Deferred income taxes .................................... 134 -- -- (568) Other .................................................... 176 -- -- -- ------- ------- --------- --------- 310 -- -- 40,202 $18,413 $11,196 $ -- $ 593,421 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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