Cinergy Announces Growth Target.Business Editors CINCINNATI--(BUSINESS WIRE)--Oct. 30, 2000 Cinergy Corp. (NYSE NYSE See: New York Stock Exchange :CIN CIN cervical intraepithelial neoplasia. Cervical intraepithelial neoplasia (CIN) A term used to categorize degrees of dysplasia arising in the epithelium, or outer layer, of the cervix. ) announced today that it is setting a target for average annual earnings growth of seven to eight percent over the next three years. Cinergy President and Chief Executive Officer James E. Rogers will outline the company's plans to achieve the target in a presentation tomorrow to the annual Edison Electric Institute The Edison Electric Institute (EEI) is the association of United States shareholder-owned electric power companies. Its members serve 95 percent of the ultimate customers in the shareholder-owned segment of the industry, and represent approximately 70 percent of the U.S. Financial Conference in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . "As our industry is evolving more clearly toward regulated markets and new markets, we are focusing on strategies that will be successful in the marketplace of the future," Rogers said. In his presentation, Rogers defines the new markets as energy merchant and power technology and infrastructure service. The regulated segments are the remaining regulated, integrated utilities and the regulated distribution companies in areas where energy supply has become competitive. A copy of the presentation will be available later today on the "Investor" section of the company's web site, http://www.cinergy.com. Investors are also invited to view a Live Webcast of the Cinergy presentation, Tues., Oct. 31, 2000, 1:30 p.m. EST (10:30 a.m. PST PST Paroxysmal supraventricular tachycardia, see there ). Archived webcasts of the presentation will be available for 10 days following the live presentation (24-hour delay). Access to the Webcast is via EEI's website page for the conference... http://www.eei.org/resources/meetings/001029.htm. To receive the webcast your computer needs to be equipped with Windows 98 (or higher) and Media Player 6.4 or 7. To view the webcast, EEI suggests that you install any required software before October 31, bookmark A stored location for quick retrieval at a later date. Web browsers provide bookmarks that contain the addresses (URLs) of favorite sites. Most electronic references, large text databases and help systems provide bookmarks that mark a location users want to revisit in the future. this page, and return to it 20 minutes before the session begins so you can complete the login Signing in and gaining access to a network server, Web server or other computer system. The process (the noun) is a "login" or "logon," while the act of doing it (the verb) is to "log in" or to "log on. procedure. Statements made in this release that convey the company's or management's intentions, expectations or predictions of the future are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The company's actual results could differ materially from those projected in the forward-looking statements, and there can be no assurance that estimates of future results will be achieved. Unless we otherwise have a duty to do so, the SEC's rules do not require forward looking statements to be revised or updated (whether as a result of changes in actual results, changes in assumptions or other factors affecting the statements). Please refer to the company's SEC filings for additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements. |
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