Cinergy streamlines project planning, execution and control with new software

PHILADELPHIA, Penn., May 29, 2002 — Primavera Systems Inc. announced that Cinergy Corp. has recently completed the migration from Primavera Project Planner® (P3®) to Primavera Enterprise® for enterprise project management.

Primavera Enterprise is helping Cinergy, the largest electric utility in Indiana, establish substantial long-term improvements in planning, implementation and budget control for more than 1,500 projects over an ongoing 10-year period.

Annually, Cinergy executes an average of 150 projects, each with an average capital budget of US$114 million. Several of those projects have already been completed with the project management help of Primavera Enterprise, enabling Cinergy to quickly realize efficiencies and savings from implementing the new software.

“Key to the migration,” stated Charles Anderson, Project Control Specialist at Cinergy, “is the program management capability within Primavera Enterprise, which enables us to centrally store and access information about all of our projects. This centralized platform contains all project history and knowledge, so we easily understand cross-project interactions and which projects are over- or under-performing. We are also able to do a better job of forecasting, planning and resourcing new projects.”

Cinergy immediately saved valuable planning effort by creating reusable project templates that capitalize on the centralized knowledgebase of project management information and best practices.

Anderson comments, “We can now plan and schedule new projects in less than a half hour – something that used to take anywhere from a half day to a day and a half, depending on the scope of the new project. We are continuously improving these standard project templates so each new project is based on the best lessons learned from previous projects. A side benefit has been an easier transition of new employees into the Project Management department because our processes are easier to learn and our project strategy is easier to communicate.”

Another significant benefit from Cinergy’s use of Primavera Enterprise is the virtual elimination of scope creep which occurred when projects had to address unexpected problems, such as faulty switches or relays not included in the original project budget. Now, a new project can be quickly planned, scheduled, budgeted and approved because managers can easily reprioritize the existing portfolio of projects and budgets to accommodate the new project.

Even though Primavera Enterprise is hosted by Cinergy’s Project Management department, other departments with project-related responsibilities, such as engineering, construction and budgeting, have 24-hour access to the data via a dedicated website. As a result, personnel attend meetings more prepared than before, which speeds up project planning, approval and completion.

About Cinergy

Cinergy Corp. was created on October 24, 1994 from the combination of The Cincinnati Gas & Electric Company and PSI Energy, Inc., the largest electric utility in Indiana. Based in Cincinnati, Ohio, Cinergy Corp. has a balanced, integrated portfolio consisting of two core businesses: energy merchant and regulated operations.

Cinergy’s regulated operating companies, The Cincinnati Gas & Electric Company (Cinergy/CG&E)(Ohio), Union Light, Heat & Power (Cinergy/ULH&P) (Kentucky), Lawrenceburg Gas (Cinergy/LG) (Indiana), and PSI Energy, Inc. (Cinergy/PSI) (Indiana), serve more than 1.5 million electric customers and 500,000 gas customers located in a 25,000-square-mile service territory encompassing portions of Indiana, Ohio and Kentucky. In addition, its Indiana regulated operations own 6,000 megawatts of generation.

About Primavera Systems Inc.

Founded in 1983, Primavera Systems Inc. is a provider of project management, control and execution software and services.

Primavera is headquartered in Philadelphia (Bala Cynwyd), Pennsylvania, with offices in Chicago, New Hampshire, New York, San Francisco, Hong Kong and London. Visit Primavera at http://www.primavera.com