Cinergy and Current Technologies conduct test market of powerline communications in Ohio

June 25, 2002 — Cinergy Corp. and Current Technologies, LLC recently announced that they have expanded their relationship and will conduct a 100-home market and technical pilot deployment of the Current Technologiesà¢â€ž¢ Powerline Communications (PLC) solution in the state of Ohio.

The test will focus on utilization of distribution powerlines for broadband internet access, automatic meter reading, outage detection and substation monitoring. For the past 12 months, Cinergy and Current have been testing the technical viability of PLC, including in limited neighborhood deployments in Cinergy’s territory.

“This is an exciting opportunity for us to leverage our core assets while offering innovative new services to our customers. We have a strong relationship with Current Technologies and are optimistic that PLC will prove to be one of the most rewarding new technologies,” says William Grealis, Cinergy Corp.’s Executive Vice President.

“Cinergy continues to be an important and progressive partner in the development of our PLC solution. Our solution will enable Cinergy, as well as our other utility partners, to provide broadband services to its customers jointly with Current and leverage its existing infrastructure by providing Enhanced Distribution Services over its distribution networks,” says Richard Goldstein, Chief Executive Officer of Current Technologies.

The two companies will jointly conduct the pilot deployment in Ohio. The pilot deployment is expected to last for up to six months and will be expanded once all trial criteria have been satisfied to both parties’ expectations.

Cinergy Corp. has two core businesses: regulated operations and energy merchant. Cinergy owns regulated delivery operations in Ohio, Indiana and Kentucky that serve 1.5 million electric customers and about 500,000 gas customers. In addition, its Indiana regulated operations own 6,000 megawatts of generation. Cinergy’s energy merchant business has about 7,000 megawatts of capacity.

About Current Technologies, LLC: Current Technologies is a privately held company based in Germantown, Maryland. Current Technologies develops power line equipment and technology for delivering broadband services over power lines. Current Technologies is backed by Liberty Associated Partners, LP and Enertech Capital.

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