-----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, SU4a798hp1+dPlXAd7BnltkoOrGRJfsbclj2FCpOKnQzM+a6JIzR81Fz2t3MgaQP bh7fOLn2VLXXutwylB6E4Q== 0000899652-97-000160.txt : 19970630 0000899652-97-000160.hdr.sgml : 19970630 ACCESSION NUMBER: 0000899652-97-000160 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970627 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: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11377 FILM NUMBER: 97631059 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 11-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 11-K ANNUAL REPORT Pursuant to Section 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 1996 Commission File Number 1-11377 A. Full title of the plan: THE CINCINNATI GAS & ELECTRIC COMPANY SAVINGS INCENTIVE PLAN B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: Cinergy Corp. 139 East Fourth Street Cincinnati, Ohio 45202 - 4003 THE CINCINNATI GAS & ELECTRIC COMPANY SAVINGS INCENTIVE PLAN FINANCIAL STATEMENTS AND EXHIBIT Page No. (a) Financial Statements Report of Independent Public Accountants Statement of Net Assets Available for Benefits with Fund Information as of December 31, 1996 Statement of Net Assets Available for Benefits with Fund Information as of December 31, 1995 Statement of Changes in Net Assets Available for Benefits with Fund Information for the Year Ended December 31, 1996 Notes to Financial Statements Financial Statement Schedules (As Required By The Employee Retirement Income Security Act) Schedule I - Schedule of Assets Held for Investment Purposes - December 31, 1996 Schedule II - Schedule of Reportable Transactions for the year ended December 31, 1996 (b) Exhibit 23) Consent of Independent Public Accountants Report of Independent Public Accountants To the Plan Administrator of The Cincinnati Gas & Electric Company Savings Incentive Plan: We have audited the accompanying statements of net assets available for benefits of THE CINCINNATI GAS & ELECTRIC COMPANY SAVINGS INCENTIVE PLAN as of December 31, 1996 and 1995, and the related statement of changes in net assets available for benefits for the year ended December 31, 1996. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 1996 and 1995, and the changes in net assets available for benefits for the year ended December 31, 1996, in conformity with generally accepted accounting principles. Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules (Schedules I and II) are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The fund information in the statements of net assets available for benefits and the statement of changes in net assets available for benefits is presented for purposes of additional analysis rather than to present the net assets available for benefits and changes in net assets available for benefits of each fund. The supplemental schedules and fund information have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. ARTHUR ANDERSEN LLP Cincinnati, Ohio, June 23, 1997

SCHEDULE I The Cincinnati Gas & Electric Company Savings Incentive Plan Sponsor EIN: 31-0240030 Administrator EIN: 31-1070386 Plan Number: 002 Item 27a - Schedule of Assets Held for Investment Purposes at December 31, 1996 - -------------------------------------------------------------------------------------------------------------- (a) (b) (c) (d) (e) Description of investment including maturity date, rate of Identity of issue interest, borrower, lessor, collateral, par or Historical Current or similar party maturity value Cost Value - ---------------------------------------------------------------------------------------------------------------------------------- * Cinergy Common 4,352,112 shares; $82,083,682 $145,251,721 Stock $0.01 par value; $33.375 market price per unit @ 12/31/96 * Fidelity Magellan Fund Mutual fund, 4,005,542 4,198,665 primarily common stock; 52,060 shares; $80.65 net asset value @ 12/31/96 * Fidelity Mutual fund, 9,505,060 11,395,092 Equity-Income Fund primarily equity securities; 266,054 shares; $42.83 net asset value @ 12/31/96 * Fidelity Mutual fund, 1,426,941 1,428,486 Intermediate primarily Bond Fund fixed-income obligations; 141,715 shares; 10.08 net asset value @ 12/31/96 * Fidelity Mutual fund, money 5,874,739 5,874,739 Retirement Money market instruments; Market Fund $5,874,739 units; $1.00 net asset value @ 12/31/96 Interest rates ranging from * Participant loans 6.95-8.75% 6,244,939 6,244,939 * Denotes a party-in-interest.
SCHEDULE II The Cincinnati Gas & Electric Company Savings Incentive Plan Sponsor EIN: 31-0240030 Administrator EIN: 31-1070386 Plan Number: 002 Item 27d - Schedule of Reportable Transactions For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------------------------------------- Total Total Identity of Number of Number Purchase Selling Net Gain Securities Purchases of Sales Price (A) Price (A) on Sales - ------------------------------------------------------------------------------------------------------------ *Cinergy Corp. Common Stock Fund 216 207 $18,190,535 $14,946,749 $5,537,383 *Fidelity Retirement Money Market Fund 152 116 6,964,866 2,359,266 - *Denotes a party-in-interest (A) The current value of all assets acquired or disposed of, at the time of the acquisition or disposition, is equal to the purchase price or selling price, respectively.
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Plan Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. THE CINCINNATI GAS & ELECTRIC COMPANY SAVINGS INCENTIVE PLAN (Name of Plan) By /s/JERRY W. LIGGETT Plan Administrator June 27, 1997 Exhibit 23 CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS As independent public accountants, we hereby consent to the incorporation by reference of our report dated June 23, 1997 included in the Annual Report on Form 11-K for the year ended December 31, 1996 of The Cincinnati Gas & Electric Company Savings Incentive Plan, into Cinergy Corp.'s previously filed Registration Statement File No. 33-55293. ARTHUR ANDERSEN LLP Cincinnati, Ohio June 23, 1997 ~~-----END PRIVACY-ENHANCED MESSAGE-----~~