IGC and Cinergy Form Joint Venture

IGC Energy Inc., a subsidiary of Indiana Energy Inc. and Cinergy Supply Network Inc., a subsidiary of Cinergy Corp., have formed a joint venture company called Reliant Services LLC.

Reliant will focus initially on serving electric, gas, telephone, cable and water companies in Indiana, Ohio and Kentucky.

"Reliant will take advantage of the cost savings pressures brought about by utility deregulation and by the recent passage of federal `one call' legislation by offering services that are growing in demand nationwide," said Niel Ellerbrook, president of Indiana Energy.

Cinergy Corp., headquartered in Cincinnati, is the parent company of The Cincinnati Gas & Electric Co. and PSI Energy Inc., which serve 1.4 million electric customers and more than 455,000 gas customers in southwest Ohio, Indiana and Northern Kentucky. Indiana Energy, with headquarters in Indianapolis, is the parent company of Indiana Gas, a gas distribution company serving 486,000 customers in central and southern Indiana.

For more information contact: Marc Carmichael, Indiana Energy. Tel: 317-321-0595.