Cinergy, Subsidiaries Face Asbestos Related Litigation ------------------------------------------------------ Published October 22, 2002 Cinergy Corporation's operating units, CG&E and PSI, have been named in lawsuits related to asbestos at their electric generating stations. In these lawsuits, plaintiffs claim to have been exposed to asbestos containing products in the course of their work at the CG&E and PSI generating stations. The plaintiffs further claim that as the property owner of the generating stations, CG&E and PSI should be held liable for their injuries and illnesses based on an alleged duty to warn and protect them from any Asbestos exposure. The impact on CG&E's and PSI's financial position or results of operations of these cases to date has not been material. One specific case filed against PSI has been tried to verdict. Following a ten-week trial of the case entitled William Lee Roberts, Jr. and Beverly Roberts v. AC&S, Inc., et al., PSI Energy, Inc., Marion Superior Court 2, on May 24, 2002, the jury returned a verdict against PSI in the amount of $494,000 on a negligence claim and for PSI onpunitive damages. PSI is appealing the judgment in this case. COMPANY PROFILE Cinergy Corp. (NYSE: CIN) 139 East Fourth Street Cincinnati, OH 45202 Phone: 513-421-9500 Fax: 513-287-3171 Toll Free: 800-262-3000 http://www.cinergy.com The Cincinnati Gas & Electric Company (An Ohio Corporation) 139 East Fourth Street Cincinnati, Ohio 45202 (513) 421-9500 PSI Energy, Inc. (An Indiana Corporation) 1000 East Main Street Plainfield, Indiana 46168 (513) 421-9500 Employees : 8,769 Revenue : $12,922,500,000 Net Income : $442,300,000 Assets : $12,299,800,000 Liabilities : $9,358,400,000 (As of December 31, 2001) Description: Cinergy harnesses the synergy of regulated and nonregulated energy markets. Its traditional operating units, Cincinnati Gas & Electric and PSI Energy, transmit and distribute electricity to more than 1.5 million customers and natural gas to 500,000 in Ohio, Indiana, and Kentucky. The utilities have about 6,000 MW of generating capacity. Cinergy also has wholesale energy operations and international investments in power generation, transmission, and distribution facilities. Other ventures include power technology (fuel cells, solar energy) and infrastructure and consulting businesses. ------------------------------------------------------------------- LitigationDataSource.com