Cinergy Foundation Pledges $10,000 In Grants To Rochester

PLAINFIELD, Ind., February 7, 2006 — The Cinergy Foundation, the philanthropic arm of PSI Energy, Inc., has pledged $10,000 in grants to Rochester organizations and initiatives through the company’s community outreach program.

“We know that our business success depends on the growth and success of the communities we serve,” said Jerry Banks, Cinergy’s Rochester district manager. “That’s why we periodically meet with area leaders to find out what their needs are so that we can better direct our philanthropic giving.”

Recently Cinergy officials met with a cross-section of community leaders from the Rochester area to hear their perspectives on key community successes and issues. The meetings also provided an opportunity to update community officials on Cinergy activities and answer any questions concerning the pending merger with Duke Energy. Among the outcomes of the meetings were Cinergy Foundation grants targeted to areas of need identified in the community. The grants, funded by the Cinergy shareholders, include:

• $2,500 for an arts appreciation program for Rochester youth. This grant may be used by any organization that develops a program involving community youth in the arts.
• $2,500 to assist in creating post-secondary educational opportunities in Rochester. This grant may be used to bring more courses to Rochester or to assist those seeking post-secondary education outside the community.
• $5,000 grant to the Rochester Downtown Action Group for implementing one of the components of the group’s comprehensive plan for downtown revitalization.

Through the Cinergy Foundation, Cinergy Corp. contributes 1 percent of its pretax profits in the communities it serves in support of the arts, education, human services and community development. The company is Indiana’s largest supplier of electricity, serving more than 760,000 customers in portions of 69 of Indiana’s 92 counties.