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Article: CG&E and PSI BOARDS AGREE TO HOLDING COMPANY STRUCTURE FOR STRATEGIC ALLIANCE
- Article from:
- PR Newswire
- Article date:
- July 2, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CINCINNATI, and PLAINFIELD, Ind., July 2 /PRNewswire/ -- The Cincinnati Gas & Electric Company (NYSE: CIN) and PSI Resources, Inc. (NYSE: PIN) announced today that the boards of directors of both companies have agreed to a holding company structure for their strategic alliance. Under this structure, CG&E and PSI Energy Inc. will become operating subsidiaries of a holding company called CINergy Corp.
PSI Energy will continue as an Indiana corporation headquartered in Plainfield and CG&E will continue as an Ohio corporation headquartered in Cincinnati. Union Light, Heat and Power Company will remain a subsidiary of CG&E. CINergy will be incorporated in Delaware and will ...