Cinergy electric demand reaches new record peak

CINCINNATI, Ohio, Aug. 9, 2001 – Customers of the operating companies of Cinergy Corp. Wednesday set a new record peak demand for electricity of 11,088 megawatts, breaking the old record of 10,984 megawatts set on July 23, 2001.

New records were also set in Cinergy’s Indiana, Ohio, and Kentucky service areas. Demand by customers of PSI Energy reached 6,013 megawatts, breaking the old record of 5,993 megawatts set on July 23, 2001. Demand by customers of The Cincinnati Gas & Electric Company and The Union Light, Heat & Power Company set new records on the past two consecutive days reaching 5,105 megawatts yesterday and 5,095 megawatts on Tuesday, August 7, breaking the old record of 5,047 set on July 25, 2001.

Cinergy has been able to meet customer demands with its own supply and planned purchases from other regional electric suppliers. Power supplies on the regional power grid continue to be adequate to meet customer needs.

The company has taken several steps to insure reliable electric service at times of high demand. It has added nearly 1,700 megawatts of new generating capacity, about 15 percent of its previous capacity, in the past two years.

The company did not have to implement a program called PowerShare with large volume industrial and commercial customers under which the company pays these customers to reduce their electric demand by a contracted amount during period of high demand.

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