CIN Cinergy Corp

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.