Cinergy Declares Stock Dividends.

CINCINNATI -- The board of directors of Cinergy Corp. (NYSE:CIN), the parent company of The Cincinnati Gas & Electric Company and PSI Energy Inc., today declared a quarterly dividend of 48 cents per share on the outstanding shares of common stock, payable November 15, 2005, to shareholders of record at the close of business on November 1, 2005.

Also, regular quarterly dividends have been declared on the outstanding shares of CG&E cumulative preferred stocks of $1.00 per share on the 4 percent series and $1.1875 per share on the 4-3/4 percent series, payable January 1, 2006 to shareholders of record on December 1, 2005.

In addition, regular quarterly dividends have been declared on the outstanding shares of PSI Energy cumulative preferred stocks of $0.875 per share on the 3-1/2 percent series; $0.27 per share on the 4.32 percent series; and $0.26 per share on the 4.16 percent series, payable December 1, 2005 to shareholders of record on November 10, 2005.

Cinergy Corp. has a balanced, integrated portfolio consisting of two core businesses: regulated operations and commercial businesses. Cinergy's regulated public utilities in Ohio, Indiana, and Kentucky serve 1.5 million electric customers and about 500,000 gas customers. In addition, its Indiana regulated company owns 7,000 megawatts of generation. Cinergy's competitive commercial businesses have 6,300 megawatts of generating capacity with a profitable balance of stable existing customer portfolios, new customer origination, marketing and trading, and industrial-site cogeneration. Cinergy's integrated businesses make it a Midwest leader in providing both low-cost generation and reliable electric and gas service.