Cinergy Named Sustainability Leader for Third Straight Year
10 September 2005 - 3:13AM
Business Wire
Cinergy Corp. (NYSE:CIN) has been named to the Dow Jones World
Sustainability Indexes, an international benchmark for excellence
in social, economic and environmental leadership, for the third
straight year. Cinergy is one of only two utility companies in the
United States, and eight in the world, to be named to the Indexes.
The World Indexes cover the top 10 percent of the 2,500 largest
companies in the world, providing asset managers with objective and
reliable benchmarks to manage sustainability portfolios.
"Sustainability is a way of looking at our business through the
eyes of our children and grandchildren," said James E. Rogers,
chairman and chief executive officer of Cinergy. "I believe we make
better choices when we frame the business decisions we make today
with the question: How will those decisions be viewed by our
grandchildren a generation from now? Being recognized by Dow Jones
as a leader in corporate citizenship is gratifying and really
speaks to the dedication our employees have to their work and to
the communities we serve." Launched in 1999, the Dow Jones
Sustainability Indexes are the first global indexes that track the
corporate citizenship performance of the leading
sustainability-driven companies worldwide. The Indexes' detailed
surveys provide a thorough assessment of general and
industry-specific sustainability criteria and are verified by an
external auditor. Cinergy provided extensive data about its
business philosophy and programs that are designed to promote
economic growth in the communities it serves, to meet social and
environmental needs and to provide a safe and attractive workplace
for employees. The company's Sustainability Annual Report is
available on the Internet at
http://www.cinergy.com/sustainability/. 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. This document
includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements are based on
management's beliefs and assumptions. These forward-looking
statements are identified by terms and phrases such as
"anticipate", "believe", "intend", "estimate", "expect",
"continue", "should", "could", "may", "plan", "project", "predict",
"will", and similar expressions. Forward-looking statements involve
risks and uncertainties that may cause actual results to be
materially different from the results predicted. Factors that could
cause actual results to differ materially from those indicated in
any forward-looking statement include, but are not limited to,
unanticipated weather conditions; unscheduled generation outages;
unusual maintenance or repairs; unanticipated changes in costs;
environmental incidents, including costs of compliance with
existing and future environmental requirements; electric
transmission or gas pipeline system constraints; legislative and
regulatory initiatives; additional competition in electric or gas
markets and continued industry consolidation; financial or
regulatory accounting principles; political, legal, and economic
conditions and developments in the countries in which we have a
presence; changing market conditions and other factors related to
physical energy and financial trading activities; the performance
of projects undertaken by our non-regulated businesses and the
success of efforts to invest in and develop new opportunities;
availability of, or cost of, capital; employee workforce factors;
delays and other obstacles associated with mergers, acquisitions,
and investments in joint ventures; and costs and effects of legal
and administrative proceedings, settlements, investigations, and
claims. Please refer to the company's SEC filings for additional
information concerning factors that could cause actual results to
differ materially from those in the forward-looking statements. The
Company undertakes no obligation to update the information
contained herein.
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