Subsidiary Listing
The following is a listing of the subsidiaries of each registrant and their
state of incorporation or organization indented to show degree of remoteness
from registrant.
State of Organization
Name of Company or Incorporation
Cinergy Corp. Delaware
The Cincinnati Gas & Electric Company Ohio
The Union Light, Heat and Power Company Kentucky
Lawrenceburg Gas Company Indiana
The West Harrison Gas and Electric Company Indiana
Miami Power Corporation Indiana
KO Transmission Company Kentucky
Tri-State Improvement Company Ohio
PSI Energy, Inc. Indiana
South Construction Company, Inc. Indiana
PSI Energy Argentina, Inc.* Indiana
Cinergy Services, Inc. Delaware
Cinergy Investments, Inc. Delaware
Cinergy-Cadence, Inc. Indiana
Cadence Network LLC (33 1/3%) Delaware
Cinergy Capital & Trading, Inc. Indiana
CinCap IV, LLC Delaware
Cinergy Communications, Inc. Delaware
Cinergy Engineering, Inc. Ohio
Cinergy International, Inc. Indiana
Cinergy Global Power, Inc. Delaware
Cinergy Global Hydrocarbons Pakistan
Cinergy MPI II, Inc. Cayman Islands
Cinergy MPI III, Inc. Cayman Islands
Cinergy MPI IV, Inc. Cayman Islands
Cinergy MPI V, Inc. Cayman Islands
Cinergy MPI VI, Inc. Cayman Islands
Cinergy MPI VII, Inc. Cayman Islands
Cinergy MPI VIII, Inc. Cayman Islands
Cinergy MPI IX, Inc. Cayman Islands
Cinergy MPI X, Inc. Cayman Islands
Cinergy MPI XI, Inc. Cayman Islands
Cinergy MPI XII, Inc. Cayman Islands
Cinergy MPI XIII, Inc. Cayman Islands
Cinergy MPI XIV, Inc. Cayman Islands
Cinergy MPI XV, Inc. Cayman Islands
MPII (Zambia) B.V. The Netherlands
Copperbelt Energy Corporation PLC (39%)* Zambia
MPI International Limited England
Cinergy Resources, Inc. Delaware
Cinergy Solutions, Inc. Delaware
(In Illinois d/b/a Cinergy Solutions of Illinois, Inc.,
In Ohio d/b/a Cinergy Solutions of Ohio, Inc.)
Trigen-Cinergy Solutions LLC (50%) Delaware
Trigen-Cinergy Solutions of Cincinnati LLC (51%) Ohio
Trigen-Cinergy Solutions of Illinois LLC (49%) Delaware
Cinergy Supply Network, Inc. Delaware
Cinergy Technology, Inc. Indiana
Cinergy UK, Inc. Delaware
Avon Energy Partners Holdings (50%) England
Avon Energy Partners PLC England
Midlands Electricity plc England
Enertech Associates, Inc. Ohio
PSI Argentina, Inc.* Indiana
Costanera Power Corp.* Indiana
PSI Power Resource Development, Inc. Indiana
PSI Sunnyside, Inc. Indiana
PSI T&D International, Inc. Indiana
PSI Yacyreta, Inc. Indiana
*EWG or foreign utility company
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>3
<DESCRIPTION>CG&E 12/31/97 10K
<TEXT>
Consent of Independent Public Accountants
As independent public accountants, we hereby consent to the
incorporation by reference of our report, dated January 27, 1998,
included in this Annual Report on Form 10-K for the year ended
December 31, 1997, into (i) Cinergy Corp.'s previously filed
Registration Statement Nos. 33-55267, 33-55291, 33-55293, 33-
55713, 33-56067, 33-56089, 33-56091, 33-56093, 33-56095 and 333-
17531; (ii) PSI Energy, Inc.'s previously filed Registration
Statement Nos. 33-48612, 33-57064 and 333-10899; (iii) The
Cincinnati Gas & Electric Company's previously filed Registration
Statement Nos. 33-45116, 33-52335 and 33-58967; and (iv) The
Union Light, Heat and Power Company's previously filed
Registration Statement Nos. 33-40245 and 33-58965.
Arthur Andersen LLP
Cincinnati, Ohio,
March 26, 1998
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>4
<DESCRIPTION>CG&E 12/31/97 10-K
<TEXT>
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of
Cinergy Corp., the Form 10-K Annual Report of said corporation for the fiscal
year ended December 31, 1997, and to deliver said Form 10-K Annual Report so
signed for filing with the Securities and Exchange Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 3rd day of February, 1998.
/s/ Neil A. Armstrong
Neil A. Armstrong
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of each
of Cinergy Corp. and PSI Energy, Inc., the Form 10-K Annual Report of each
corporation for the fiscal year ended December 31, 1997, and to deliver said
Form 10-K Annual Reports so signed for filing with the Securities and Exchange
Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 29th day of January, 1998.
/s/ James K. Baker
James K. Baker
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of each
of Cinergy Corp. and PSI Energy, Inc., the Form 10-K Annual Report of each
corporation for the fiscal year ended December 31, 1997, and to deliver said
Form 10-K Annual Reports so signed for filing with the Securities and Exchange
Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 23rd day of January, 1998.
/s/ Michael G. Browning
Michael G. Browning
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of
Cinergy Corp., the Form 10-K Annual Report of said corporation for the fiscal
year ended December 31, 1997, and to deliver said Form 10-K Annual Report so
signed for filing with the Securities and Exchange Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 3rd day of February, 1998.
/s/ Phillip R. Cox
Phillip R. Cox
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of
Cinergy Corp., the Form 10-K Annual Report of said corporation for the fiscal
year ended December 31, 1997, and to deliver said Form 10-K Annual Report so
signed for filing with the Securities and Exchange Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 26th day of January, 1998.
/s/ Kenneth M. Duberstein
Kenneth M. Duberstein
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of The
Union Light, Heat and Power Company, the Form 10-K Annual Report of said
corporation for the fiscal year ended December 31, 1997, and to deliver said
Form 10-K Annual Report so signed for filing with the Securities and Exchange
Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 27th day of January, 1998.
/s/ Cheryl M. Foley
Cheryl M. Foley
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of each
of The Cincinnati Gas & Electric Company and The Union Light, Heat and Power
Company, the Form 10-K Annual Report of each corporation for the fiscal year
ended December 31, 1997, and to deliver said Form 10-K Annual Reports so signed
for filing with the Securities and Exchange Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 23rd day of January, 1998.
/s/ William J. Grealis
William J. Grealis
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of each
of Cinergy Corp. and PSI Energy, Inc., the Form 10-K Annual Report of each
corporation for the fiscal year ended December 31, 1997, and to deliver said
Form 10-K Annual Reports so signed for filing with the Securities and Exchange
Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 26th day of January, 1998.
/s/ John A. Hillenbrand II
John A. Hillenbrand II
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of
Cinergy Corp., the Form 10-K Annual Report of said corporation for the fiscal
year ended December 31, 1997, and to deliver said Form 10-K Annual Report so
signed for filing with the Securities and Exchange Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 26th day of January, 1998.
/s/ George C. Juilfs
George C. Juilfs
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of The
Union Light, Heat and Power Company, the Form 10-K Annual Report of said
corporation for the fiscal year ended December 31, 1997, and to deliver said
Form 10-K Annual Report so signed for filing with the Securities and Exchange
Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 28th day of January, 1998.
/s/ J. Wayne Leonard
J. Wayne Leonard
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of PSI
Energy, Inc., the Form 10-K Annual Report of said corporation for the fiscal
year ended December 31, 1997, and to deliver said Form 10-K Annual Report so
signed for filing with the Securities and Exchange Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 26th day of January, 1998.
/s/ John M. Mutz
John M. Mutz
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of
Cinergy Corp., the Form 10-K Annual Report of said corporation for the fiscal
year ended December 31, 1997, and to deliver said Form 10-K Annual Report so
signed for filing with the Securities and Exchange Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 23rd day of January, 1998.
/s/ Melvin Perelman
Melvin Perelman
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of
Cinergy Corp., the Form 10-K Annual Report of said corporation for the fiscal
year ended December 31, 1997, and to deliver said Form 10-K Annual Report so
signed for filing with the Securities and Exchange Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 23rd day of January, 1998.
/s/ Thomas E. Petry
Thomas E. Petry
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of each
of Cinergy Corp., The Cincinnati Gas & Electric Company, The Union Light, Heat
and Power Company, and PSI Energy, Inc., the Form 10-K Annual Report of each
corporation for the fiscal year ended December 31, 1997, and to deliver said
Form 10-K Annual Reports so signed for filing with the Securities and Exchange
Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 28th day of January, 1998.
/s/ Jackson H. Randolph
Jackson H. Randolph
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of
Cinergy Corp., the Form 10-K Annual Report of said corporation for the fiscal
year ended December 31, 1997, and to deliver said Form 10-K Annual Report so
signed for filing with the Securities and Exchange Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 27th day of January, 1998.
/s/ John J. Schiff, Jr.
John J. Schiff, Jr.
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of
Cinergy Corp., the Form 10-K Annual Report of said corporation for the fiscal
year ended December 31, 1997, and to deliver said Form 10-K Annual Report so
signed for filing with the Securities and Exchange Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 28th day of January, 1998.
/s/ Philip R. Sharp
Philip R. Sharp
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of each
of Cinergy Corp. and PSI Energy, Inc., the Form 10-K Annual Report of each
corporation for the fiscal year ended December 31, 1997, and to deliver said
Form 10-K Annual Reports so signed for filing with the Securities and Exchange
Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 23rd day of January, 1998.
/s/ Van P. Smith
Van P. Smith
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of
Cinergy Corp., the Form 10-K Annual Report of said corporation for the fiscal
year ended December 31, 1997, and to deliver said Form 10-K Annual Report so
signed for filing with the Securities and Exchange Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 26th day of January, 1998.
/s/ Dudley S. Taft
Dudley S. Taft
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of The
Union Light, Heat and Power Company, the Form 10-K Annual Report of said
corporation for the fiscal year ended December 31, 1997, and to deliver said
Form 10-K Annual Report so signed for filing with the Securities and Exchange
Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 26th day of January, 1998.
/s/ Larry E. Thomas
Larry E. Thomas
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Rogers and Madeleine W. Ludlow, or either of them, the
undersigned's true and lawful attorney-in-fact and agent to execute for and on
behalf of the undersigned, in the undersigned's capacity as a director of
Cinergy Corp., the Form 10-K Annual Report of said corporation for the fiscal
year ended December 31, 1997, and to deliver said Form 10-K Annual Report so
signed for filing with the Securities and Exchange Commission.
The undersigned does hereby ratify and confirm all that said
attorneys-in-fact and agents, or either of them, shall lawfully do by virtue
hereof.
IN WITNESS WHEREOF, the undersigned has hereunto caused this Power of
Attorney to be executed on this 3rd day of February, 1998.
/s/ Oliver W. Waddell
Oliver W. Waddell
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-27
<SEQUENCE>5
<DESCRIPTION>CG&E 12/31/97 10-K
<TEXT>
<ARTICLE> UT
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS, CONSOLIDATED STATEMENTS OF INCOME AND CONSOLIDATED
STATEMENTS OF CASH FLOWS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<PERIOD-TYPE> 12-MOS
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 3,743,740
<OTHER-PROPERTY-AND-INVEST> 0
<TOTAL-CURRENT-ASSETS> 399,565
<TOTAL-DEFERRED-CHARGES> 667,765
<OTHER-ASSETS> 103,368
<TOTAL-ASSETS> 4,914,438
<COMMON> 762,136
<CAPITAL-SURPLUS-PAID-IN> 534,649
<RETAINED-EARNINGS> 313,803
<TOTAL-COMMON-STOCKHOLDERS-EQ> 1,610,588
<PREFERRED-MANDATORY> 0
<PREFERRED> 20,793
<LONG-TERM-DEBT-NET> 1,324,432
<SHORT-TERM-NOTES> 301,253
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 0
<PREFERRED-STOCK-CURRENT> 0
<CAPITAL-LEASE-OBLIGATIONS> 0
<LEASES-CURRENT> 0
<OTHER-ITEMS-CAPITAL-AND-LIAB> 1,657,372
<TOT-CAPITALIZATION-AND-LIAB> 4,914,438
<GROSS-OPERATING-REVENUE> 2,451,876
<INCOME-TAX-EXPENSE> 172,047
<OTHER-OPERATING-EXPENSES> 1,951,978
<TOTAL-OPERATING-EXPENSES> 2,124,025
<OPERATING-INCOME-LOSS> 327,851
<OTHER-INCOME-NET> 27,130
<INCOME-BEFORE-INTEREST-EXPEN> 354,981
<TOTAL-INTEREST-EXPENSE> 115,828
<NET-INCOME> 239,153
<PREFERRED-STOCK-DIVIDENDS> 868
<EARNINGS-AVAILABLE-FOR-COMM> 238,285
<COMMON-STOCK-DIVIDENDS> 170,400
<TOTAL-INTEREST-ON-BONDS> 110,134
<CASH-FLOW-OPERATIONS> 438,705
<EPS-PRIMARY> 0.00
<EPS-DILUTED> 0.00