Cinergy posts 7.7% increase in first quarter earnings.CINCINNATI--(BUSINESS WIRE)--April 25, 1996--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. ), parent company of The 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. Gas & Electric Company and PSI Energy, Inc., announced today that earnings for the first quarter 1996 increased 7.7% to $.70 per share from $.65 per share in the first quarter 1995. For the first quarter of 1996, net income was $110.1 million compared with $101.6 million in the first quarter a year ago. The increase was attributable attributable emanating from or pertaining to attribute. attributable proportion see attributable risk (below). attributable risk to more normal weather compared with last year's mild winter, continued cost control efforts, PSI Energy's rate increase received in 1995 and growth in the region. "The continued emphasis on managing costs in our core business has fueled earnings growth and positioned us well for the future," said James James, person in the Bible James, in the Gospel of St. Luke, kinsman of St. Jude. The original does not specify the relationship. James, rivers, United States James. E. Rogers, 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. vice chairman, president and chief executive officer. "In order to leverage our low-cost position and core skills and capabilities, we plan to reorganize re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. into three business units -- energy commodities, energy delivery and energy services -- with increased focus on the development of growth strategies." For the twelve months ended March 31, net income was $355.7 million, or $2.27 per share, compared with $193.4 million, or $1.27 per share, in the comparable period in 1995, which reflected previously reported write-offs. Electric kwh sales were up 12.7% in the first quarter reflecting the colder weather and the strong regional economy. Mcf gas sales and transportation volumes for the quarter ended March 31, 1996, increased 12.7% when compared to the same period in 1995. For the 12 months ended March 31, 1996, electric kwh sales were up 8.4% and gas mcf sales and transportation volumes were up 16.0% when compared with the same period in 1995. Following are summaries of Cinergy's unaudited consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: financial information for the first quarter and 12 month period ended March 31. -0-
Cinergy Corp.
(Rounded to thousands, except per share amounts)
First Quarter 1996 1995
Revenues $883,995 $807,677 Net Income (Loss) $110,141 $101,610 Earnings Per Share $.70 $.65 Av. Shares Outstanding 157,675 155,682
12 Mo. ended 3/31 1996 1995
Revenues $3,099,749 $2,847,131 Net Income $355,713 $193,398 Earnings Per Share $2.27 $1.27 Av. Shares Outstanding 157,113 149,873
1st Quarter kwh Sales 1996 1995 %
Increase
(Decrease)
Residential 4,213,739 3,736,685 12.8
Commercial 2,935,537 2,771,785 5.9
Industrial 3,989,809 3,876,290 2.9
Other retail 459,624 437,675 5.0
All other 2,709,503 1,867,842 45.1
__________ __________
Total 14,308,212 12,690,277 12.7
1st Quarter mcf Sales 1996 1995 %
Increase
(Decrease)
Residential 21,053 17,961 17.2
Commercial 11,054 9,948 11.1
Industrial 2,600 2,716 (4.3)
Other retail 1,827 2,119 (13.8)
All other 165 137 20.4
______ ______
Total sales 36,699 32,881 11.6
Gas transported 12,977 11,209 15.8
______ ______
Total gas sales
& gas transported 49,676 44,090 12.7
CONTACT: Cinergy Corp., Cincinnati News contact: Steve v. t. 1. To pack or stow, as cargo in a ship's hold. See Steeve. Brash brash (brash) heartburn. water brash heartburn with regurgitation of sour fluid or almost tasteless saliva into the mouth. , 513/287-2226 (w), 513/231-6895 (h) Angeline Protogere, 317/838-1338 (w), 317/298-3090 (h) Investor contact: Felicia Noun 1. Felicia - genus of tropical African herbs or subshrubs with usually blue flowers genus Felicia asterid dicot genus - genus of more or less advanced dicotyledonous herbs and some trees and shrubs Ramstein Ramstein or Rammstein could refer to: In Germany:
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