USA: Cinergy to buy two power plants from Enron.
Reuters English News Service, 12/12/00

Cinergy Agrees to Acquire Two Merchant Generating Plants From Enron
Business Wire, 12/12/00

Cinergy Corp. Affiliate Buys Two Enron Generating Plants
Dow Jones News Service, 12/12/00

Media1st.com Launches Media-Driven Interactive Distance Learning Initiative 
To Manage Explosive Demand
Business Wire, 12/12/00




USA: Cinergy to buy two power plants from Enron.

12/12/2000
Reuters English News Service
(C) Reuters Limited 2000.

NEW YORK, Dec 12 (Reuters) - Cinergy Corp. said Tuesday its non-regulated 
unit, Cinergy Capital & Trading Inc., would purchase two natural gas-fired 
power plants from Enron Corp. . 
Financial terms of the deal were not disclosed.
The two Enron units, the 494-megawatt (MW) Brownsville generating facility in 
Tennessee and the 504-MW Caledonia plant in Mississippi, would increase 
Cinergy's generation portfolio owned, operated, or under construction, to 
about 21,000 MW, Cinergy said in a statement Tuesday. 
The Brownsville facility has four natural gas-fired combustion turbines, 
while the Caledonia facility has six. 
Both stations began operation in June 1999. They are located in the 
Southeastern Electric Reliability Council (SERC) and are interconnected to 
the Tennessee Valley Authority's transmission system, the statement said. 
The acquisition is subject to approval from the Federal Energy Regulatory 
Commission (FERC), as well as other regulators, and is expected to be 
completed by the spring of 2001, Cinergy said. 
Cinergy Capital & Trading is an energy marketing and project development 
affiliate of Cincinnati, Ohio-based Cinergy Corp. Cinergy's largest operating 
companies, Cincinnati Gas and Electric Co. and PSI Energy Inc. provide 
electricity to more than 1.4 million customers in Indiana, Ohio and Kentucky.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. 

Cinergy Agrees to Acquire Two Merchant Generating Plants From Enron

12/12/2000
Business Wire
(Copyright (c) 2000, Business Wire)

CINCINNATI--(BUSINESS WIRE)--Dec. 12, 2000--Cinergy Corp. (NYSE:CIN) today 
announced that Cinergy Capital & Trading, Inc. (CCT), a non-regulated 
affiliate of Cinergy Corp, and Enron North America have signed a definitive 
agreement under which CCT will purchase two natural gas-fired merchant 
electric generating facilities located in the southeastern United States. 
The transaction is anticipated to be accretive to Cinergy's earnings in 2001. 
Financial terms were not disclosed. Also, the transaction will increase 
Cinergy's generation portfolio to about 21,000 megawatts (net owned, operated 
or under development) with the non-regulated portion being approximately 
15,000 megawatts.
"This acquisition in combination with our recently deregulated Ohio 
generation and the peaking capacity added early this year creates for Cinergy 
a significant and balanced generation portfolio of baseload and peaking 
capacity," said James E. Rogers, president and CEO of Cinergy Corp. 
"Importantly, these facilities can serve our large long-term customers in the 
Southeast, which is among the fastest growing areas in the country, as well 
as our Midwest customers." 
The acquisition consists of Enron's 494-megawatt Brownsville generation 
facility located in Haywood County, Tennessee and the 504-megawatt Caledonia 
generation facility located in Lowndes County, Mississippi. Brownsville has 
four natural gas-fired combustion turbines and Caledonia has six. Both 
stations entered into service in June 1999. Both facilities are located in 
the Southeastern Electric Reliability Council (SERC) region and are 
interconnected to the Tennessee Valley Authority's transmission system. 
"Cinergy has created a regional leadership position in the Midwest power 
market and is focused on strategic opportunities to expand our footprint," 
said Michael J. Cyrus, president of Cinergy Capital & Trading. "With this 
transaction we will have added approximately 1,700 megawatts in the eastern 
interconnect and increased our non-regulated generating capacity in excess of 
30 percent in just over a year. It is indicative of our continued commitment 
to the growth and value of a balanced energy merchant business." 
The completion of the acquisition is subject to, among other things, receipt 
of approval of the Federal Energy Regulatory Commission and expiration of the 
waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 
1976. Cinergy currently expects that regulatory approvals would be obtained 
and the transaction will close in Spring 2001. 
Cinergy Capital & Trading, Inc. is a non-regulated energy marketing and 
project development affiliate of Cinergy Corp., one of the nation's leading 
diversified energy companies, with a total enterprise value of $8.5 billion 
and assets of $10 billion. In addition to its generation portfolio, it also 
has 55,000 miles of electric and gas transmission lines in the United States 
and abroad and approximately 9,000 employees in nine countries. Its largest 
operating companies, The Cincinnati Gas & Electric Company and PSI Energy, 
Inc., serve more than 1.4 million electric customers and 478,000 gas 
customers in Indiana, Ohio and Kentucky. 
Cinergy is active in U.S. power and natural gas markets and maintains a 
24-hour-a-day, seven-day-a-week trading operation. The interconnections of 
Cinergy's Midwestern transmission assets give it access to 37 percent of the 
total U.S. energy consumption. In 1998 the New York Mercantile Exchange 
selected Cinergy to be its transmission hub for Midwest electricity futures 
trading, which has become the most active hub in the United States. 
In addition to its U.S. operations, Cinergy owns and operates power 
generation, transmission and distribution assets in the Czech Republic, 
Spain, the United Kingdom, Zambia, Kenya, South Africa and Estonia. Cinergy 
is also active in European gas and electricity markets. 

Statements made in this release that convey the company's or management's 
intentions, expectations or predictions of the future are forward-looking 
statements. The company's actual results could differ materially from those 
projected in the forward-looking statements, and there can be no assurance 
that estimates of future results will be achieved. 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.


CONTACT: Cinergy Corp. News contact: Steve Brash, 513/287-2226 (w) 
513/231-6895 (h) Angeline Protogere, 317/838-1338 (w) 317/298-3090 (h) 
Investor contact: Steve Schrader, 513/287-1083 Website: www.cinergy.com 
11:13 EST DECEMBER 12, 2000 

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. 

Cinergy Corp. Affiliate Buys Two Enron Generating Plants

12/12/2000
Dow Jones News Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

CINCINNATI -(Dow Jones)- Cinergy Corp.'s (CIN) Capital & Trading Inc. 
affiliate signed a definitive agreement to purchase two natural gas-fired 
merchant electric generating facilities from Enron North America, a unit of 
Enron Corp. (ENE). 
Financial terms were not disclosed.
In a press release Tuesday, Cinergy said it anticipates that the transaction 
will add to earning in 2001. 
A First Call/Thomson Financial survey of 14 analysts produced a mean earnings 
estimate for 2001 of $2.64 a share. 
In 1999, Cinergy earned $2.53 a diluted share on a gain. 
The acquisition consists of Enron's 494-megawatt Brownsville generation 
facility in Haywood County, Tennessee, with four natural gas-fired combustion 
turnbines, and the 504-megawatt Caledonia generation facility in Lowndes 
County, Mississippi, with six turbines. 
Both stations, which entered into service in June 1999, are in the 
Southeastern Electric Reliability Council region and are interconnected to 
the Tennessee Valley Authority's transmission system. 
The acquisition is subject to approval by the Federal Energy Regulatory 
Commission and expiration of the waiting period under the Hart-Scott-Rodino 
Antitrust Improvements Act, among other things. 
Cinergy expects to close the transaction in the spring of 2001. 
Cinergy's New York Stock Exchange-listed shares recently traded at $32.63, up 
44 cents or 1.4%, on composite volume of 159,700 shares. Average daily volume 
is 509,838 shares. 
-Dorothea Degen; Dow Jones Newswires; 201-938-5400
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. 


Media1st.com Launches Media-Driven Interactive Distance Learning Initiative 
To Manage Explosive Demand

12/12/2000
Business Wire
(Copyright (c) 2000, Business Wire)

SAN JOSE, Calif. --(BUSINESS WIRE)--Dec. 12, 2000--Media1st.com(R), a leading 
Internet broadcasting and interactive streaming media application service 
provider today announced at the Streaming Media West Conference and 
Exposition it is expanding its end-to-end interactive distance learning 
services suite. 
As a result of the burgeoning demand from its existing customer base and 
inquiries from the marketplace, Media1st.com has dedicated a substantial 
level of its engineering and programming resources to support its interactive 
Education Service Provider (iESP[SM]) unit.
"Media1st.com's iESP initiative leverages our existing patent-pending 
technologies developed for our current corporate and media customers and 
takes it one step further," said Tom Doty, president and CEO of Media1st.com. 
"The eLearning marketplace is hungry for the feature-rich interactive 
applications we've already developed and accelerates our entry into this 
market." 
CEeasy.com, a distance learning company that provides online classes to 
professionals in insurance, real estate, accounting and law, hired 
Media1st.com to bring its solution to market. CEeasy customers access the 
company's portal to participate in streaming video course lectures and exams. 
The content can be accessed by both broadband and dial-up web learners and 
are synchronized with high-resolution visuals, real-time testing modules, 
polling and chat features. 
"Our focus was to incorporate streaming video with online learning to create 
a richer, more fulfilling experience for the professional who is required to 
continue his or her education or to provide corporate training," said Bill 
Gillespie, president and CEO of CEeasy. "Media1st.com made every phase and 
feature of our design possible incorporating pay-per-view and interactive 
streaming tools to create an enjoyable web-based learning experience." 
According to International Data Corporation the market for educational 
services reached $US 625 billion in 2000 or 7% of total GDP. This number 
excludes the $US 62.5 billion expenditures by US companies to provide 
continuing education to employees. 
Media1st.com, through its partnerships with Enron Broadband Services (NYSE: 
ENE) and epicRealm, has created a global distribution network with edge 
technologies to reach more viewers effectively than ever before possible. In 
addition, the company has developed industry-specific interactive distance 
learning applications necessary to assist companies and educational 
organizations to make an accelerated entry into online training and 
education. 

About Media1st.com 

Media1st.com is an Internet broadcasting company that enables companies to 
distribute interactive streaming video to their audiences regardless of 
geography. Media1st.com provides the complete infrastructure for production 
and delivery of digital media services including live or on-demand 
webcasting, online marketing, interactive distance learning, video enabled 
email, encoding, hosting and distribution of video content. For more 
information, visit www.media1st.com or call 888.652.4417. Visit 
www.mail1st.com to sign up for your own free video email account. 

About CEeasy 

CEeasy provides training and continuing education classes for professionals 
in insurance, real estate, accounting and law. Unlike other on-line learning 
solutions, CEeasy courses are provided in the form of video. Students can 
take the classes they require when they want from anywhere in the world. 
CEeasy was created by professionals in law, insurance and real estate. Their 
goal is to provide the nation's most convenient and valuable training 
solution. 

Media1st.com and the Media1st logo are registered trademarks of Media1st.com. 
All other company names, products and services are the property of their 
respective companies.


CONTACT: Media1st.com Jeff Gardiner, 404/881-9331 jgardiner@media1st.com 
13:21 EST DECEMBER 12, 2000 

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.