CG&E Advises Non-Residential Customers on Avoiding Certain Additional Electric Charges.CINCINNATI Cincinnati (sĭnsənăt`ē, –năt`ə), city (1990 pop. 364,040), seat of Hamilton co., extreme SW Ohio, on the Ohio River opposite Newport and Covington, Ky.; inc. as a city 1819. -- The Cincinnati Gas & Electric Co., the Ohio operating company operating company A business that engages in transactions with outsiders. of Cinergy Cinergy Corp. was an energy company based in Cincinnati, Ohio. Cinergy was created on October 24, 1994, from the merger of the Cincinnati Gas & Electric Company (CG&E) with PSI Energy and later included Union Light, Heat & Power (ULH&P) as well. Corp., today advised its non-residential customers that they can avoid certain new electric rate charges that will be reflected beginning with January 2005 electric bills, if they switch to an alternative electric supplier. Currently, about 20 percent of non-residential customers have switched suppliers. Non-residential customers will have the opportunity to avoid certain new charges, if they meet notification requirements and switch to an alternative electric supplier through December 31, 2008. If the customer returns to CG&E generation service prior to January 1, 2009, the customer will pay the highest cost of power incurred by CG&E for each hour of service. Notification forms and more detailed information can be found at www.cinergycge.com in the Rate Stabilization Stabilization The action undertakes a country when it buys and sells its own currency to protect its exchange value. Actions registered competitive traders undertake by on the NYSE to meet the exchange requirement that 75% of their traded be stabilizing, meaning that sell orders Plan section. The notification process only applies to non-residential customers. Rates for residential customers will continue to be frozen through December 31, 2005. CG&E serves approximately 640,000 electric customers in Southwest Ohio, of which approximately 60,000 are non-residential customers. Its parent, Cinergy Corp., is one of the nation's leading diversified diversified (di·verˑ·s energy companies. |
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