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Kay Pashos '81 Named President of PSI Energy Inc.

Kay Pashos '81 Named President of PSI Energy Inc.

December 1, 2004

cinergy logo.jpgDecember 1, 2004, Greencastle, Ind. - Kay E. Pashos, a 1981 graduate of DePauw University, has been named president of PSI Energy Inc., Cinergy Corporation's (NYSE:CIN) Indiana electric utility subsidiary. Pashos was previously general counsel of Cinergy's regulated business unit. She began her career at PSI Energy in 1987.

In her new role, Pashos will share responsibility for strategic business decisions affecting fall-leaves.jpgPSI's future, such as resource planning and procurement, environmental compliance strategy, and regional transmission market plans. She also will be responsible for developing and executing regulatory and legislative strategies in Indiana.

"Kay's experience with the regulated energy business makes her an excellent choice for PSI president," says James E. Rogers, Cinergy's chairman, chief executive officer and president. "She is well-respected in the industry and her record of leadership will be critical as we embark on new initiatives to meet increasing environmental requirements as well as the growing need for electricity supplies in Indiana."

An announcement on Business Wire notes that Pashos "has held positions of increasing responsibility in the legal department while serving as lead counsel in numerous major regulatory proceedings. Prior to joining PSI, she was an associate attorney with Best & Flanagan in Minneapolis. Pashos graduated from the Northwestern University School of Law and holds a bachelor of arts degree from DePauw University." Read more by clicking here. The promotion is also covered in today's Indianapolis Star (read more here).

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.