Exhibit 23



                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

          As  independent   public   accountants,   we  hereby  consent  to  the
incorporation  of our report  dated March 29,  1999,  included in this Form 11-K
into Cinergy Corp.'s previously filed Registration Statement File No. 33-56091.



ARTHUR ANDERSEN LLP


Cincinnati, Ohio
March 29, 1999