PSI Energy
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| Energy company | |
| Industry | Energy services |
| Fate | Acquired |
| Successor | Duke Energy |
| Founded | 1994 (merger of Cincinnati Gas & Electric Company and PSI Energy) |
| Defunct | 2006 |
| Headquarters | Cincinnati, OH |
Cinergy Corp. (/ˈsɪnərdʒi/ SIN-ər-jee) was an energy company based in Cincinnati, Ohio, United States, from 1994 to 2006. Its name is a play on the words "synergy" and "Cincinnati".
Cinergy was created on October 24, 1994, from the merger of the Cincinnati Gas & Electric Company (CG&E) and Kentucky subsidiary Union Light, Heat & Power (ULH&P) with Plainfield, Indiana–based PSI Energy (Public Service Indiana).
Under its various operating names, the company operated a Holiday Model Train Display that has attracted over 9 million visitors since the event's inception in 1946. The authentic display measures 36 1⁄2 by 47 1⁄2 feet (11.1 m × 14.5 m) long and imitates an O gauge, in which a quarter-inch on the model is equivalent to one foot on a real train.
In 1996, Riverfront Stadium in Downtown Cincinnati was renamed Cinergy Field in a sponsorship deal with Cinergy. The stadium was demolished by implosion in December 2002 to make way for Great American Ballpark.
The same year, Cinergy announced a friendly acquisition by the larger Charlotte, North Carolina-based Duke Energy. The acquisition was completed on April 3, 2006. The combined company retains the Duke Energy name. Until the acquisition, Cinergy still operated under the names of the three local utilities (e.g., Cinergy/CG&E in Cincinnati); since the acquisition, the names of the three former Cinergy utilities and Duke Power, the former Duke Energy utility subsidiary, have been phased out, although signs bearing the former logos still remain at some substations. Duke, in partnership with railway company CSX, continued to host the annual train display in Cinergy's former headquarters until 2011, when the display was donated to the Cincinnati Museum Center at Union Terminal.
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