Cinergy Names James Turner President, Lynn Good Chief Financial Officer

Cinergy Corp. (NYSE:CIN) announced today that James L.
Turner has been named to the position of president of Cinergy Corp.,
responsible for all regulated operations, as well as the company's
corporate development and strategic planning activities. In addition,
Turner remains on the Transition Steering Committee of senior
executives from Cinergy and Duke Energy Corporation and is responsible
for coordinating all of Cinergy's merger integration activities.
   The company also announced that Lynn J. Good will become executive
vice president and chief financial officer, responsible for the
company's financial and accounting operations. Both appointments are
effective immediately.
   Turner began his career at Cinergy in 1995 following 11 years in
the practice of law and has held a number of positions of increasing
responsibility since that time. "Jim Turner has distinguished himself
as an effective leader in every position he has held in this company,
including most recently as chief financial officer," said James E.
Rogers, Cinergy's chairman and chief executive officer. "He has broad
and deep experience in the legal, regulatory, and financial areas of
our business." The title of Cinergy president was formerly held by
Rogers.
   Good joined Cinergy in 2003 after a distinguished career with the
international accounting firms of Arthur Andersen and Deloitte &
Touche. She has served most recently as the company's vice president -
finance and controller, responsible for accounting, tax, and budgets
and forecasts. "Lynn Good has been a terrific addition to our team.
She has a wealth of industry knowledge and experience and is the ideal
candidate to be chief financial officer at this time."
   The company also announced that David L. Wozny, currently vice
president and chief financial officer of the commercial business unit
for Cinergy, will become Cinergy's vice president and controller.
Wozny joined Cinergy in 1996 after a career in public accounting with
Arthur Andersen and has had extensive experience in a number of
finance and accounting-related functions throughout the company since
that time.
   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, PSI Energy, its Indiana regulated company, owns 7,000
megawatts of generation and is the largest electric utility in the
state. 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.