Wholesale Energy is a holding company for Cinergy's energy commodity businesses, including electric production, as the generation assets eventually become unbundled from the utility subsidiaries. See the "Retail Market Developments" section in "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" for a discussion on Ohio deregulation. Cinergy Power Generation Services, LLC (Generation Services), a wholly-owned subsidiary of Wholesale Energy, provides electric production-related construction, operation and maintenance services to certain affiliates and non-affiliated third parties.

        Services is a service company that provides our subsidiaries with a variety of centralized administrative, management, and support services. Investments holds most of our domestic non-regulated, energy-related businesses and investments. Global Resources holds most of our international businesses and investments and directs our renewable energy investing activities (for example, wind farms). Technologies primarily holds our portfolio of technology-related investments.

        We have collective bargaining agreements with the International Brotherhood of Electrical Workers (IBEW), the United Steelworkers of America (USWA), the Independent Utilities Union (IUU), and various international union organizations.

6



        The following table indicates the number of employees by classification at December 31, 2001:

 
  Regulated
  Non-Regulated
   
Classification

  CG&E(4)
  PSI
  ULH&P
  Total
Regulated

  Domestic(5)(6)
  International
  Total Non-
Regulated

  Cinergy
Total

IBEW(1)   525   1,313   58   1,896   946     946   2,842
USWA(2)   296     90   386   16     16   402
IUU(3)   428     61   489   423     423   912
Various Union Organizations           51   492   543   543
Non-Bargaining   234   410   25   669   3,007   394   3,401   4,070
   
 
 
 
 
 
 
 
    1,483   1,723   234   3,440   4,443   886   5,329   8,769

(1)
IBEW #1347 contract will expire on April 1, 2006, IBEW #1393 contract will expire on April 30, 2002, and IBEW #399 contract will expire on November 15, 2006. The parties are currently negotiating an extension to the IBEW #1393 contract.

(2)
USWA #12049 and #5541-06 contracts will expire on May 15, 2007.

(3)
Contract will expire April 1, 2002. The parties are currently negotiating an extension to the IUU contract.

(4)
CG&E and subsidiaries excluding ULH&P.

(5)
Includes 2,601 Services' employees, who provide services to both regulated and non-regulated operations.

(6)
Includes 1,431 Generation Services' employees who provide services to certain affiliates and non-affiliated third parties.