<PAGE>
<PAGE> 1
- - ------------------------------------------------------------------------------
- - ------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1994
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________ to __________
Commission file number 1-4874
COLORADO INTERSTATE GAS COMPANY
(Exact name of registrant as specified in its charter)
Delaware 84-0173305
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
Two North Nevada Avenue
Colorado Springs, Colorado 80903-1087
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (719) 473-2300
-----------------------
Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months, and (2) has been subject to such filing
requirements for the past 90 days. Yes __X__ No _____
As of April 29, 1994, there were outstanding 10 shares of common stock of
the Registrant, $5.00 par value per share, its only class of common stock. None
of the voting stock of the Registrant is held by non-affiliates.
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<PAGE>
<PAGE> 2
PART I
FINANCIAL INFORMATION
Item 1. Financial Statements.
The financial statements of Colorado Interstate Gas Company and its
subsidiaries (the "Company" or "Colorado") are presented herein and are
unaudited, except for balances as of December 31, 1993, and therefore are
subject to year-end adjustments; however, all adjustments which are, in the
opinion of management, necessary for a fair statement of the results of
operations for the periods covered have been made. The adjustments which have
been made are of a normal recurring nature. Such results are not necessarily
indicative of results to be expected for the year due to seasonal variations
and market conditions affecting natural gas sales and transportation services.
COLORADO INTERSTATE GAS COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Thousands of Dollars)
<TABLE>
<CAPTION>
March 31, December 31,
ASSETS 1994 1993
--------------- --------------
(Unaudited)
<S> <C> <C>
Plant, Property and Equipment, at cost:
Gas pipeline . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 985,278 $ 980,839
Gas and oil properties, at full-cost . . . . . . . . . . . . . . . . 139,236 139,757
--------------- --------------
1,124,514 1,120,596
Accumulated depreciation, depletion and amortization . . . . . . . . 609,095 601,890
--------------- --------------
515,419 518,706
--------------- --------------
Current Assets:
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 192 704
Receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140,067 172,787
Receivables from affiliates . . . . . . . . . . . . . . . . . . . . 205,248 148,180
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,362 9,545
Prepayments and other . . . . . . . . . . . . . . . . . . . . . . . 1,086 979
Current portion of deferred income taxes . . . . . . . . . . . . . . 22,041 23,539
--------------- --------------
377,996 355,734
--------------- --------------
Other Assets:
Other deferred charges . . . . . . . . . . . . . . . . . . . . . . . 26,056 27,187
--------------- --------------
$ 919,471 $ 901,627
--------------- --------------
--------------- --------------
</TABLE>
See Notes to Consolidated Financial Statements.
- 1 -
<PAGE>
<PAGE> 3
COLORADO INTERSTATE GAS COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Thousands of Dollars)
<TABLE>
<CAPTION>
March 31, December 31,
STOCKHOLDERS' EQUITY AND LIABILITIES 1994 1993
--------------- --------------
(Unaudited)
<S> <C> <C>
Common Stock and Other Stockholders' Equity:
Common stock, $5 par value, authorized 10,000 shares; issued and
outstanding 10 shares at stated value . . . . . . . . . . . . . . $ 27,561 $ 27,561
Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . 19,035 19,035
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . 326,689 311,451
------------ ------------
373,285 358,047
------------ ------------
Mandatory Redemption Preferred Stock, $100 par value, authorized
550,000 shares, outstanding 5,560 shares:
5.50% Series . . . . . . . . . . . . . . . . . . . . . . . . . . 556 556
------------ ------------
Debt:
Long-Term Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . 179,170 179,145
------------ ------------
Current Liabilities:
Accounts payable and accrued expenses . . . . . . . . . . . . . . . 249,145 233,802
Accounts payable to affiliates . . . . . . . . . . . . . . . . . . . 23,977 43,786
Taxes on income . . . . . . . . . . . . . . . . . . . . . . . . . . 8,726 1,275
------------ ------------
281,848 278,863
------------ ------------
Deferred Credits:
Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . 80,331 80,684
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,281 4,332
------------ ------------
84,612 85,016
------------ ------------
$ 919,471 $ 901,627
------------ ------------
------------ ------------
</TABLE>
See Notes to Consolidated Financial Statements.
- 2 -
<PAGE>
<PAGE> 4
COLORADO INTERSTATE GAS COMPANY AND SUBSIDIARIES
STATEMENT OF CONSOLIDATED EARNINGS
(Thousands of Dollars)
<TABLE>
<CAPTION>
Three Months Ended
March 31,
----------------------
1994 1993
---------- ----------
(Unaudited)
<S> <C> <C>
Revenues:
Operating revenues:
Nonaffiliates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 93,100 $ 116,110
Affiliates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,735 16,873
--------- ---------
109,835 132,983
Other income - net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,276 3,306
--------- ---------
111,111 136,289
--------- ---------
Costs and Expenses:
Cost of gas sold:
Nonaffiliates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,285 46,922
Affiliates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 422 4,366
--------- ---------
15,707 51,288
Operation and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . 44,632 36,593
Depreciation, depletion and amortization . . . . . . . . . . . . . . . . . . . . 10,836 8,793
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,670 5,210
Taxes on income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,821 11,412
--------- ---------
87,666 113,296
--------- ---------
Net Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 23,445 $ 22,993
--------- ---------
--------- ---------
</TABLE>
See Notes to Consolidated Financial Statements.
- 3 -
<PAGE>
<PAGE> 5
COLORADO INTERSTATE GAS COMPANY AND SUBSIDIARIES
STATEMENT OF CONSOLIDATED CASH FLOWS
(Thousands of Dollars)
<TABLE>
<CAPTION>
Three Months Ended
March 31,
------------------------
1994 1993
--------- --------
(Unaudited)
<S> <C> <C>
Net Cash Flow From Operating Activities:
Net earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 23,445 $ 22,993
Add (subtract) items not requiring (providing) cash:
Depreciation, depletion and amortization . . . . . . . . . . . . . . 10,836 8,793
Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . 1,033 1,720
Producer contract reformation cost recoveries . . . . . . . . . . . . 1,296 34
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (767) (2,033)
Working capital and other changes, excluding changes relating to cash
and non-operating activities:
Receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32,720 39,546
Receivables from affiliates . . . . . . . . . . . . . . . . . . . . (7,618) (2,692)
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . 183 (241)
Current portion of gas stored underground and prepaid expenses . . (107) 16,009
Accounts payable and accrued expenses . . . . . . . . . . . . . . . 15,343 (34,776)
Accounts payable to affiliates . . . . . . . . . . . . . . . . . . (11,617) (5,942)
Taxes on income . . . . . . . . . . . . . . . . . . . . . . . . . . 7,451 (4,466)
-------- --------
72,198 38,945
-------- --------
Cash Flow from Investing Activities:
Purchases of plant, property and equipment . . . . . . . . . . . . . . . (8,417) (19,420)
Proceeds from sale of plant, property and equipment . . . . . . . . . . 248 (5)
Investments - other . . . . . . . . . . . . . . . . . . . . . . . . . . 1,231 (148)
Net increase in note receivable from associated company . . . . . . . . (49,450) (13,196)
Gas supply prepayments and settlements . . . . . . . . . . . . . . . . . (47)
Recovery of gas supply prepayments . . . . . . . . . . . . . . . . . . . 78 1,821
-------- --------
(56,310) (30,995)
-------- --------
Cash Flow from Financing Activities:
Net decrease in notes payable . . . . . . . . . . . . . . . . . . . . . 1,659
Preferred dividends paid . . . . . . . . . . . . . . . . . . . . . . . . (8)
Common dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . (16,400) (9,600)
-------- --------
(16,400) (7,949)
-------- ---------
Net Increase (Decrease) in Cash . . . . . . . . . . . . . . . . . . . . . . (512) 1
Cash at Beginning of Period . . . . . . . . . . . . . . . . . . . . . . . . 704 9
-------- --------
Cash at End of Period . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 192 $ 10
-------- --------
-------- --------
</TABLE>
See Notes to Consolidated Financial Statements.
- 4 -
<PAGE>
<PAGE> 6
COLORADO INTERSTATE GAS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
1. Summary of Significant Accounting Policies
For additional information relative to operations and financial
position, reference is made to the Company's Annual Report on Form 10-K for
the fiscal year ended December 31, 1993. Certain minor reclassifications of
prior period statements have been made to conform with current reporting
practices. The effect of the reclassifications was not material to the
Company's results of operations or financial position.
In 1994, the Company adopted Statement of Financial Accounting
Standards No. 112, "Employers' Accounting for Postemployment Benefits" ("FAS
112"). The effect of this new standard will not have a significant effect on
the Company's results of operations or financial position.
Supplemental information relative to the Statement of Consolidated Cash
Flows includes the following: The Company made cash payments for interest
and financing fees, net of amounts capitalized, of $(.1) million and
$.1 million for the three months ended March 31, 1994 and 1993,
respectively. Cash payments for income taxes amounted to $3.3 million and
$14.9 million for the three months ended March 31, 1994 and 1993,
respectively.
Materials and supplies inventories are carried principally at average
cost. Gas stored underground is carried at last-in, first-out cost ("LIFO").
The excess of replacement cost over the carrying value of gas in underground
storage carried by the LIFO method, which is classified as Plant, Property
and Equipment, was $41.9 million and $52.6 million at March 31, 1994 and
December 31, 1993, respectively.
2. Income Taxes
Provisions for income taxes are composed of the following (thousands of
dollars):
<TABLE>
<CAPTION>
Three Months Ended
March 31,
---------------------
1994 1993
---------- ---------
(Unaudited)
<S> <C> <C>
Current Income Taxes:
Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,608 $ 8,417
State . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,180 1,275
--------- ---------
10,788 9,692
--------- ---------
Deferred Income Taxes
Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 789 2,003
State . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 244 (283)
--------- ---------
1,033 1,720
--------- ---------
- 5 -
<PAGE>
<PAGE> 7
Taxes on Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 11,821 $ 11,412
--------- ---------
--------- ---------
</TABLE>
Interim period provisions for income taxes are based on estimated
effective annual income tax rates.
3. Common Stock
All of the issued and outstanding common stock of the Company is owned
by Coastal Natural Gas Company, a wholly-owned subsidiary of The Coastal
Corporation. Therefore, earnings and cash dividends per common share have no
significance and are not presented.
4. Litigation and Regulatory Matters
Litigation Matters
In December 1992, certain of Colorado's natural gas lessors in the West
Panhandle Field filed a complaint in the U.S. District Court for the
Northern District of Texas, claiming underpayment, breach of fiduciary duty,
fraud and negligent misrepresentation. Management believes that Colorado has
numerous defenses to the lessors' claims, including (i) that the royalties
were properly paid, (ii) that the majority of the claims were released by
written agreement, and (iii) that the majority of the claims are barred by
the statute of limitations. The matter is set for trial on June 13, 1994.
Other lawsuits and other proceedings which have arisen in the ordinary
course of business are pending or threatened against the Company or its
subsidiaries.
Although no assurances can be given and no determination can be made at
this time as to the outcome of any particular lawsuit or proceeding, the
Company believes there are meritorious defenses to substantially all of the
above claims and that any liability which may finally be determined should
not have a material adverse effect on the Company's consolidated financial
position.
Regulatory Matters
On April 8, 1992, the Federal Energy Regulatory Commission ("FERC")
issued Order No. 636 ("Order 636"), which required significant changes in
the services provided by interstate natural gas pipelines. The Company and
numerous other parties have sought judicial review of aspects of Order 636.
On July 2, 1993, the Company submitted to the FERC an unanimous offer
of settlement which resolved all the Order 636 restructuring issues which
had been raised in its restructuring proceedings. That settlement was
ultimately approved (except for minor issues), and the Company's
restructured services became effective October 1, 1993.
Effective October 1, 1993, Colorado has separated all of its services
and separately contracts for each service on a stand-alone or "unbundled"
basis. Gathering, storage and transportation services are provided at
negotiated rates established between minimum and maximum levels approved by
FERC, while gas processing rates are not subject to FERC regulations.
- 6 -
<PAGE>
<PAGE> 8
Effective October 1, 1993, Colorado formed an unincorporated Merchant
Division to conduct most of the Company's sales activity in the Order 636
environment. The gas sales volumes reported include those sales which
continue to be made by Colorado together with those of its Merchant
Division.
Colorado's gas sales contracts extend through September 30, 1996, but
provide for reduced customer purchases to be made each year. Under Order
636, Colorado's certificate to sell gas for resale allows sales to be made
at negotiated prices and not at prices established by FERC. Colorado is also
authorized to abandon all sales for resale at such time as the contracts
expire and without prior FERC approval.
On March 31, 1993, the Company filed at FERC to increase its rates by
approximately $26.5 million annually. Such rates (adjusted to reflect the
Company's Order 636 program) became effective subject to refund on
October 1, 1993.
Certain rate issues remain unresolved between the Company, its
customers, its suppliers, and the FERC. The Company has made provisions
which represent management's assessment of the ultimate resolution of
these issues. While the Company estimates the provisions to be adequate
to cover potential adverse rulings on these issues, it cannot estimate
when each of these issues will be resolved.
5. Take-or-Pay Obligations
The Consolidated Balance Sheet includes assets of $11.9 million and
$13.2 million at March 31, 1994 and December 31, 1993, respectively,
relating to prepayments for gas under gas purchase contracts with producers
and settlement payment amounts relative to the restructuring of gas purchase
contracts as negotiated with producers. As a result of implementing Order
636 on October 1, 1993 (see Note 4 of Notes to Consolidated Financial
Statements), future gas sales will be made at negotiated prices and will not
be subject to regulatory price controls. This will not affect the
recoverability or the results of pending take-or-pay litigation or any take-
or-pay or contractual reformation settlements that the Company may achieve
with respect to periods before October 1, 1993. A portion of the costs
associated with take-or-pay incurred prior to October 1, 1993 may continue
to be recovered pursuant to FERC's Order No. 528.
A few gas producers have instituted litigation arising out of take-or-
pay claims against the Company. In the Company's experience, producers'
claims are generally vastly overstated and do not consider all adjustments
provided for in the contract or allowed by law. The Company has resolved the
majority of the exposure with its suppliers for approximately 11% of the
amounts claimed. At December 31, 1993, the Company estimated that unresolved
asserted and unasserted producers' claims amounted to approximately
$22.9 million. The remaining disputes will be settled where possible and
litigated if settlement is not possible.
At December 31, 1993, the Company was committed to make future
purchases under certain take-or-pay contracts with fixed, minimum or
escalating price provisions. Based on contracts in effect at that date, and
before considering reductions provided in the contracts or applicable law,
such commitments are estimated to be $1.2 million, $1.0 million, $1.0
million, $.9 million and $.8 million for the years 1994-1998, respectively,
and $4.8 million thereafter. Such commitments have also not been adjusted
for amounts which may be assigned or released, or for the results of future
litigation or negotiation with producers.
- 7 -
<PAGE>
<PAGE> 9
The Company has made provisions, which it believes are adequate, for
payments to producers that may be required for settlement of take-or-pay
claims and restructuring of future contractual commitments. In determining
the net loss relating to such provisions, the Company has also made accruals
for the estimated portion of such payments which would be recoverable
pursuant to FERC approved settlements with customers.
Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations.
The Notes to Consolidated Financial Statements contain information that
is pertinent to the following analysis.
Liquidity and Capital Resources
The Company uses the following consolidated ratios to measure liquidity
and its ability to meet future funding needs and debt service requirements.
<TABLE>
<CAPTION>
Twelve Months Ended
--------------------------------
March 31, December 31,
1994 1993
---------------- -------------
(Unaudited)
<S> <C> <C>
Cash flow from operating activities to capital expenditures
and debt service requirements . . . . . . . . . . . . . . . . . . . 128.9% 80.0%
Debt to total capitalization . . . . . . . . . . . . . . . . . . . . 32.4% 33.3%
Times interest earned (before tax) . . . . . . . . . . . . . . . . . 6.7 6.5
</TABLE>
The increase in the cash flow from operating activities to capital
expenditures and debt service requirements ratio is due mainly to working
capital changes and a decrease in capital expenditures. The decrease in the
debt to total capitalization ratio is due to increased retained earnings
resulting from first quarter earnings. The increase in the times interest
earned ratio can be attributed to increased earnings before tax and reduced
interest expense.
The Company's primary needs for cash are for general corporate
purposes, capital expenditures and debt service requirements. Management
believes that the Company's stable financial position and earnings ability
will enable it to continue to generate and obtain capital for financing
needs in the foreseeable future.
In 1994, the Company adopted FAS 112, "Employers' Accounting for
Postemployment Benefits." The effect of this new standard will not have a
significant effect on the Company's results of operations or financial
position.
Order 636, issued in 1992, required significant changes in natural gas
pipeline services. See Note 4 of Notes to Consolidated Financial Statements.
- 8 -
<PAGE>
<PAGE> 10
Results of Operations
The change in the Company's earnings for the three month period ended
March 31, 1994, in comparison to the corresponding period in 1993, is a
result of the following:
Operating Revenues. The operating revenues by segment were as follows
(thousands of dollars):
<TABLE>
<CAPTION>
Three Months Ended
March 31,
------------------------
1994 1993
--------- ---------
(Unaudited)
<S> <C> <C>
Natural gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 105,554 $ 132,846
Exploration and production . . . . . . . . . . . . . . . . . . . . . 6,942 5,088
Eliminations . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,661) (4,951)
---------- ---------
$ 109,835 $ 132,983
---------- ---------
---------- ---------
</TABLE>
Operating revenues from natural gas operations for the three months
ended March 31, 1994, decreased from the comparable 1993 period due to
decreased sales volumes pursuant to Order 636 and decreased average sales
prices partially offset by increased transportation and gathering revenues.
The increase in exploration and production revenues is due primarily to
increased natural gas, condensate and natural gas liquids volumes partially
offset by lower prices for all products.
Other Income - Net. The decrease in 1994 from the comparable 1993
period is the result of decreased interest income from affiliates.
Cost of Gas Sold. The decrease in 1994 from the comparable 1993 period
is due primarily to decreased gas purchase volumes and rates, decreased
storage gas costs and an increased credit for gas used in operations due to
MMBtu pricing resulting from tariff changes implemented pursuant to Order
636.
Operation and Maintenance. These expenses increased in the 1994 period
primarily as a result of an increase in the valuation of gas used in
operations which has a corresponding reduction in the cost of gas sold.
Depreciation, Depletion and Amortization. These expenses increased in
the 1994 period primarily as a result of an increase in the natural gas
segments' depreciable plant and increased production volumes in the
exploration and production segment.
- 9 -
<PAGE>
<PAGE> 11
Operating Profit. The operating profit by segment was as follows
(thousands of dollars):
<TABLE>
<CAPTION>
Three Months Ended
March 31,
------------------------
1994 1993
-------- --------
(Unaudited)
<S> <C> <C>
Natural gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 38,509 $ 36,012
Exploration and production . . . . . . . . . . . . . . . . . . . . . . . 1,163 1,105
-------- --------
$ 39,672 $ 37,117
-------- --------
-------- --------
</TABLE>
The natural gas segment's operating profit increased by $2.5 million
for the three months ended March 31, 1994, as increased transportation and
gathering revenues and decreased cost of gas sold more than offset decreased
sales volumes and lower average sales prices, increased operation and
maintenance costs and increased depreciation, depletion and amortization
expense.
The operating profit for the exploration and production segment
increased by $.1 million as a result of increased sales volumes partially
offset by increased depreciation, depletion and amortization expense and
higher operation and maintenance costs.
Interest Expense. The decrease in the three months ended March 31,
1994, is primarily due to lower average debt outstanding.
Environmental Matters
The Company's operations are subject to extensive federal, state and
local environmental laws and regulations which may affect such operations
and costs as a result of their effect on the construction and maintenance of
its pipeline facilities as well as its gas and oil exploration and
production operations. Appropriate governmental authorities may enforce
these laws and regulations with a variety of civil and criminal enforcement
measures, including monetary penalties and remediation requirements.
The Comprehensive Environmental Response, Compensation and Liability
Act, also known as "Superfund," as reauthorized, imposes liability, without
regard to fault or the legality of the original act, for disposal of a
"hazardous substance." The Company is not presently, and has not been in the
past, a potentially responsible party in any "Superfund" waste disposal
sites.
There are additional areas of environmental remediation
responsibilities which may fall upon the Company. Future information and
developments will require the Company to continually reassess the expected
impact of all applicable environmental laws. Compliance with all applicable
environmental protection laws is not expected to have a material adverse
impact on the Company's liquidity or financial position.
- 10 -
<PAGE>
<PAGE> 12
PART II
OTHER INFORMATION
Item 1. Legal Proceedings.
The information required hereunder is incorporated by reference
into Part II of this Report from Notes 4 and 5 of the Notes to Consolidated
Financial Statements set forth in Part I of this Report.
Item 2. Changes in Securities.
None.
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Submission of Matters to a Vote of Security Holders.
None.
Item 5. Other Information.
None.
Item 6. Exhibits and Reports on Form 8-K.
(a) Exhibits.
None.
(b) Reports on Form 8-K.
No reports on Form 8-K were filed during the quarter ended
March 31, 1994.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this Report to be signed on its behalf
by the undersigned thereunto duly authorized.
COLORADO INTERSTATE GAS COMPANY
(Registrant)
Date: May 13, 1994 By: DAN A. HOMEC
----------------------------------------
Dan A. Homec
Controller
(As Authorized Officer and
Chief Accounting Officer)
