EXHIBIT 99-a
        
                                CINERGY CORP.
                      THE CINCINNATI GAS & ELECTRIC CO.
                               PSI ENERGY INC.


CG&E Media Contact:    Steve Brash 513/287-2226(w)  513/231-6895(h)

CG&E Investor Contact: Bill Sheafer 513/287-3852

PSI Media Contact:     Angeline Protogere 317/838-1338(w) 317/298-3090(h)

                       Rob Norris 317/838-1181(w) 317/388-8037(h)    

PSI Investor Contact:  Renae Conley 317/838-1157                           
  

FOR IMMEDIATE RELEASE--Oct. 24, 1994  


                       CG&E, PSI COMPLETE CINERGY MERGER


The Cincinnati Gas & Electric Company (NYSE:CIN) and PSI Resources Inc.
(NYSE:PIN) announced today they have officially closed their merger
creating CINergy Corp. as the holding company for CG&E and PSI Energy.

"We made official today a partnership that brings together the best of two
successful companies," said CINergy Chairman and Chief Executive Officer
Jackson H. Randolph.  "For our customers, shareholders, and respective
states, our combination means we're in a strong position to keep rates low
and our companies competitive with the nation's energy providers."

Said James E. Rogers, CINergy's vice chairman, president and chief
operating officer, "CINergy is a reality today because CG&E and PSI
tenaciously pursued a vision of a company that would create the most value
for our customers and shareholders in a changing, more competitive
industry.  We will be just as determined now to operate a company that will
deliver more than $1.5 billion dollars for customers and shareholders."

CINergy expects to realize its savings over the next 10 years.  A large
part of those savings comes from areas such as construction.  Because CG&E
and PSI will now be operating jointly, the companies are able to defer
plans for a coal-fired baseload plant CG&E had planned for the early 2000s
and a peaking unit PSI had planned for 1995.  

CINergy plans to file soon with the Securities and Exchange Commission a
formal notification that it will be a registered holding company under the
Public Utility Holding Company Act of 1935.  CG&E and PSI Energy will
remain incorporated in Ohio and Indiana respectively as subsidiaries of
CINergy.  PSI Resources Inc., the former holding company for PSI Energy,
has been replaced by CINergy.  CINergy's offices will be in Cincinnati, but
corporate functions will be divided between both Indiana and Ohio.

CG&E and PSI customers will see few--if any--differences in their utility
companies now that we are part of CINergy.  They will continue to see the
same company name, vehicles, meter readers and commitment to high-quality
service.  The combined company will be a stronger regional energy company,
but one still responsive to local needs and state regulators.  

As of Oct. 25, CINergy common stock will be listed on the New York Stock
Exchange with the symbol CIN.  Trading of CG&E and PSI common stock ended
with the close of the market today.  

The CINergy board of directors, which was elected today, approved a partial
CINergy common stock dividend of 10.28 cents per share.  The amount was
determined by prorating CINergy's 43-cent per share quarterly dividend for
the remainder of the quarter ending Nov. 15.  The dividend is payable Nov.
15 to shareholders of record as of Nov. 3.  This will be in addition to,
but paid separately from, the prorated dividends of 32.72 cents per share
for CG&E stock and 18.05 cents per share for PSI stock announced last week. 
The final CG&E and PSI prorated dividends are payable Nov. 8.

The exchange rate for CG&E shares will be one for one, while the exchange
rate under the merger agreement for PSI shares will be 1.023 shares of
CINergy stock for each share of PSI.  Shareholders of CG&E and PSI will be
sent more information in the next week to 10 days about the process for
exchanging their current common stock certificates for new CINergy
certificates.  Shareholders should not send in their stock certificates
until they receive the exchange instructions.  

CINergy is now the 13th largest investor-owned electric utility in the
United States in terms of electric generating capability.  It will serve
approximately 1.3 million electric customers and 420,000 gas customers in a
25,000 square-mile area of Ohio, Indiana and Kentucky.