Cinergy Expresses Disappointment on Clear Skies Deadlock.CINCINNATI -- James E. Rogers, chairman, president and chief executive officer of 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. ), issued the following statement on today's 9-9 vote in the Senate Environment Committee on the Clear Skies Clear Skies could refer to:
We are very disappointed in today's Clear Skies vote in Senate Environment Committee. This was the most important piece of environmental legislation the Senate has considered in 15 years and we regret that the committee has missed a real opportunity to improve the nation's air quality in an economically responsible way. We applaud Senator George Voinovich's efforts on behalf of Clear Skies and the citizens of Ohio, who would have benefited greatly from this legislation. Senator Voinovich recognizes the inefficiencies that exist in our nation's clean air policy today and has worked very hard to find a legislative solution. It is unfortunate not everyone on the committee shared that commitment. Cinergy will continue its long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. support of a legislative solution to the patchwork of environmental regulations that govern the use of coal to generate electricity. The current regulatory process and the lawsuits that follow each rulemaking delay the efforts to clean the air and add unnecessary cost to environmental improvement. 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 Indiana, state, United States Indiana, midwestern state in the N central United States. It is bordered by Lake Michigan and the state of Michigan (N), Ohio (E), Kentucky, across the Ohio R. (S), and Illinois (W). , 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 Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real , marketing and trading, and industrial-site cogeneration cogeneration In power systems, use of steam for both power generation and heating. High-temperature, high-pressure steam from a boiler and superheater first passes through a turbine to produce power. . Cinergy's integrated businesses make it a Midwest leader in providing both low-cost generation and reliable electric and gas service. |
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