Saturday, May 29, 2004

Tristate summary



Natural gas costs decline for CG&E

Lower natural gas demand is fueling a decline in natural gas costs in June for residential customers of Cinergy Corp.'s Cincinnati Gas & Electric unit. The utility said Friday that a typical residential customer using 10,800 cubic feet of gas will pay $120.44 a month starting Tuesday, down from $122.93 last June but up from $118.92 this month. In Northern Kentucky, the same customer of Union Light Heat & Power will pay $119.61 in June compared with $115.21 a year ago and $119.08 this month.

DPL says feds investigating, too

DPL Inc., parent company of Dayton Power & Light Co., told government regulators Friday that it is under federal investigation related to the company's internal investigation of its accounting and governance procedures. DPL's acknowledgement in a filing with the Securities and Exchange Commission comes weeks after a DPL employee's concerns prompted the board of directors to hire an outside law firm to conduct the investigation. That firm delivered a report critical of top management.




BUSINESS HEADLINES
More drivers pump and run
Cuts hinder farm production

Corps may delay closing lock
Skaters' cash infusion small
Home buyer policy pushed
Electronic Data Systems finishes Clermont spin-off
Self-made millionaires share thrifty habits
Check the managers for info on stocks
Tristate summary