Cinergy (NYSE:CIN)
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From Dec 2019 to Dec 2024
Cinergy (NYSE:CIN) is sending approximately 100
employees to south Florida to assist Florida Power & Light in the
restoration of electric service after Hurricane Wilma. The personnel
will come from Cincinnati Gas & Electric, Union Light Heat & Power and
PSI Energy operating companies. Employees assisting include line
workers, supervisors and mechanics. Approximately 75 are helping from
PSI Energy in Indiana; 36 are assisting from CG&E and ULH&P in Ohio
and Kentucky.
Cinergy employees will leave Wednesday, October 26 and will begin
work Friday morning. They will be in Florida for at least two weeks.
This is the fifth time Cinergy has sent crews to assist utilities
following hurricane damage this year.
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.