CIN Cinergy Corp

CSC Signs $71 Million IT Services Contract With Cinergy EL SEGUNDO, Calif., July 1 /PRNewswire-FirstCall/ -- Computer Sciences Corporation (NYSE:CSC) today announced that it has signed a five-year, $71 million information technology (IT) applications services agreement with Cinergy Services, Inc., the administrative arm of Cinergy Corp. CSC will provide applications development and support for non-core functions. Cinergy will retain applications work related to mission-critical company programs. "This strategic relationship will allow Cinergy's IT employees to concentrate on the Cinergy-specific applications that are unique to our business while consolidating more standard applications support," said Bennett Gaines, vice president and chief information officer at Cinergy. "As specialists in application development and support, CSC will help us improve the efficiency and productivity of our IT services while offering high quality support to our internal clients." "We are pleased to continue and build upon our relationship with Cinergy," said CSC Chairman and Chief Executive Officer Van B. Honeycutt. "CSC's experience in applications support and our understanding of the energy industry make us well suited to this role. We look forward to helping Cinergy achieve its business goals." CSC has done project work for Cinergy for the past 15 years. Highlights include applications development, systems integration and supply chain management. About Cinergy Cinergy Corp. (NYSE:CIN) has a balanced, integrated portfolio consisting of two core businesses: regulated operations and commercial businesses. Cinergy's regulated delivery operations in Ohio, Indiana, and Kentucky serve 1.5 million electric customers and about 500,000 gas customers. In addition, its Indiana regulated operations own 7,000 megawatts of generation. Cinergy's commercial business unit is a Midwest leader in low-cost generation owning 6,300 megawatts of capacity with a profitable balance of stable existing customer portfolios, new customer origination, marketing and trading, and industrial-site cogeneration. The "into Cinergy" power-trading hub is the most liquid trading hub in the nation. About CSC Founded in 1959, Computer Sciences Corporation is a leading global IT services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology. With approximately 90,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $14.8 billion for the 12 months ended April 2, 2004. For more information, visit the company's Web site at http://www.csc.com/. DATASOURCE: Computer Sciences Corporation CONTACT: Mike Dickerson, Director, Communications, Corporate, +1-310-615-1647, , or Janet Herin, Communications, Corporate, +1-310-615-1693, , or Bill Lackey, Director, Investor Relations, Corporate, +1-310-615-1700, , all of Computer Sciences Corporation Web site: http://www.csc.com/

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