Article: CG&E and PSI BOARDS AGREE TO HOLDING COMPANY STRUCTURE FOR STRATEGIC ALLIANCE

 
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 ...

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