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CIN Cinergy Corp

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Share Name Share Symbol Market Type
Cinergy Corp NYSE:CIN NYSE Ordinary Share
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Cinergy Chosen by AARP as One of Best Employers for Workers Over 50

06/09/2005 3:11pm

Business Wire


Cinergy (NYSE:CIN)
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Cinergy Corp. (NYSE:CIN) has been named by AARP to its list of the top 50 employers for workers over 50 years of age and is the only company in Ohio, Indiana and Kentucky to be chosen. Cinergy offers a number of programs that promote workplace quality and are attractive to an experienced workforce. Included is a senior leaders program that allows management to bring back certain retired workers on a contractual basis to assist in training other employees and expanding their skills. Cinergy also provides pension and post-retirement medical benefits as well as a phased retirement program that allows employees to work on a part-time basis prior to full retirement. The company has a reasonable accommodations committee that assists employees with disabilities to allow them to perform to their highest potential. Its resource and referral program helps employees with eldercare alternatives. Cinergy's live well initiative promotes healthy lifestyle choices and offers incentives to employees to maintain their health. "We are very pleased to be recognized by AARP as a best employer for workers over 50," said James E. Rogers, chairman and chief executive officer of Cinergy. "It confirms our emphasis on workplace quality which allows us to attract and retain top talent and is a mainstay of our corporate sustainability philosophy." "The distinguished employers in the top 50 have exemplary practices at a time when the value of older employees is beginning to be broadly recognized as a key resource for corporations," said AARP CEO Bill Novelli. "Too many employers still do not recognize the advantages that older workers bring to the table. The value of these employees will become increasingly apparent as the workforce ages in the years ahead." AARP is a nonprofit, nonpartisan membership organization that helps people 50+ have independence, choice and control in ways that are beneficial and affordable to them and society as a whole. We produce AARP The Magazine, published bimonthly; AARP Bulletin, our monthly newspaper; AARP Segunda Juventud, our bimonthly magazine in Spanish and English; NRTA Live & Learn, our quarterly newsletter for 50+ educators; and our website, www.aarp.org. AARP Foundation is an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors. We have staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. 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.

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