Stock Symbol: CIN
139 East Fourth Street
Cinergy Corp. Industry:
Cinergy Corp. Description:
Cinergy Corp. has a balanced, integrated portfolio consisting of two core businesses: regulated operations and energy merchant. Cinergy owns regulated delivery operations in Ohio, Indiana, and Kentucky that serve about 1.5 million electric customers and about 500,000 gas customers. In addition, its Indiana regulated operations own 6,000 megawatts of generation. Its energy merchant business owns 7,000 megawatts of generation and is based on a profitable balance of stable existing customer portfolios, new customer origination, marketing and trading, and industrial-site cogeneration.
Cinergy Corp. Financial Summary:
CIN is a holding company whose subsidiaries are engaged in the production, transmission, distribution and sale of electric energy and the distribution of natural gas in Indiana, Kentucky and Ohio. For the 6 months ended 6/30/05, revenues rose 5% to $2.46B. Net income rose 4% to $168.1M. Revenues reflect higher electricity sales and price increases. Earnings were partially offset by lower operating margins.
Cinergy Corp. Business Summary:
Cinergy Corp. is the holding company of The Cincinnati Gas & Electric Company (CG&E) and PSI Energy, Inc. (PSI). CG&E is a combination electric and gas public utility company that provides service in the southwestern portion of Ohio, and through its subsidiary, The Union Light, Heat and Power Company (ULH&P), in nearby areas of Kentucky. CG&E serves approximately 2,064,000 customers in its market areas while ULH&P caters to approximately 345,000 customers in northern Kentucky. PSI is an integrated and regulated electric utility that provides service to approximately 2,283,000 customers in north central, central and southern Indiana. Cinergy conducts its business in three segments, Commercial Business Unit (Commercial), Regulated Business Unit (Regulated) and Power Technology and Infrastructure Services Business Unit (Power Technology and Infrastructure).