COLUMBIA GAS SYSTEM INC
POS AMC, 1994-12-29
NATURAL GAS TRANSMISISON & DISTRIBUTION
Previous: COLUMBIA GAS SYSTEM INC, U-1/A, 1994-12-29
Next: CONSOLIDATED NATURAL GAS CO, U-1/A, 1994-12-29



<PAGE>   1

                                                                File No. 70-8471

                      SECURITIES AND EXCHANGE COMMISSION
                           Washington, D. C. 20549

                  Post-Effective Amendment No. 1 to Form U-1
                                      
                        JOINT APPLICATION-DECLARATION
                                    UNDER
                THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935

THE COLUMBIA GAS SYSTEM, INC.                  COLUMBIA GULF
COLUMBIA GAS SYSTEM SERVICE CORPORATION        TRANSMISSION COMPANY
COLUMBIA LNG CORPORATION                       1700 MacCorkle Avenue, S.E.
COLUMBIA ATLANTIC TRADING CORPORATION          Charleston, WV  25314
TRISTAR VENTURES CORPORATION                   
TRISTAR CAPITAL CORPORATION                    COLUMBIA GAS DEVELOPMENT
20 Montchanin Road                             CORPORATION
Wilmington, DE  19807                          One Riverway
                                               Houston, TX  77056
COLUMBIA NATURAL RESOURCES, INC.               
COLUMBIA COAL GASIFICATION CORPORATION         
900 Pennsylvania Avenue                        COMMONWEALTH PROPANE, INC.
Charleston, WV  25302                          COLUMBIA PROPANE CORPORATION
                                               800 Moorefield Park Drive
COLUMBIA ENERGY SERVICES CORPORATION           Richmond, VA  23236
2581 Washington Road                           
Upper Saint Clair, PA  15241

                         COLUMBIA GAS OF KENTUCKY, INC.
                         COLUMBIA GAS OF OHIO, INC.
                         COLUMBIA GAS OF MARYLAND, INC.
                         COLUMBIA GAS OF PENNSYLVANIA, INC.
                         COMMONWEALTH GAS SERVICES, INC.
                          200 Civic Center Drive
                          Columbus, OH  43215
- --------------------------------------------------------------------------------
             (Names of company or companies filing this statement
                and addresses of principal executive offices)

                        THE COLUMBIA GAS SYSTEM, INC.
- --------------------------------------------------------------------------------
              (Name of top registered holding company parent of
                         each applicant or declarant)

                           L. J. Bainter, Treasurer
                        THE COLUMBIA GAS SYSTEM, INC.
                              20 Montchanin Road
                            Wilmington, DE  19807
- --------------------------------------------------------------------------------
                   (Name and address of agent for service)

                 (Other Agents for Service are Listed on the
                       Reverse Side of the Front Cover)
<PAGE>   2
PAGE 2

Names and Addresses of Subsidiary Company Agents for Service:

W. H. HARMON, Treasurer                   D. L. GELBAUGH, Vice President
Columbia Natural Resources, Inc.          Columbia Gas of Ohio, Inc.
Columbia Coal Gasification Corp.          Columbia Gas. of Kentucky, Inc.
900 Pennsylvania Avenue                   Commonwealth Gas Services, Inc.
Charleston, West Virginia  25302          Columbia Gas of Pennsylvania, Inc.
                                          Columbia Gas of Maryland, Inc.
D. DETAR, Treasurer                       200 Civic Center Drive
TriStar Ventures Corporation              Columbus, Ohio  43215
20 Montchanin Road                        
Wilmington, Delaware  19807               
                                          S. L. PARKS DOWNEY, Asst. Treasurer
J. W. GROSSMAN, Treasurer                 Columbia Gulf Transmission Company
Columbia LNG Corporation                  1700 MacCorkle Avenue, S.E.
Columbia Atlantic Trading Corp.           Charleston, West Virginia  25314
20 Montchanin Road                        
Wilmington, Delaware  19807               J. R. LISENBY, Treasurer
                                          Columbia Gas Development Corp.
L. J. BAINTER, Vice President             One Riverway
Columbia Gas System Service corp.         Houston, Texas  77056
TriStar Capital Corporation               
20 Montchanin Road                        ROBERT GUSTAFSON, Controller
Wilmington, Delaware  19807               Columbia Energy Services corp.
                                          2581 Washington Road
H. F. HAYES, Treasurer                    Upper Saint Clair, Pennsylvania  15241
Commonwealth Propane, Inc.                
Columbia Propane Corporation
800 Moorefield Park Drive
Richmond, Virginia  23236
- --------------------------------------------------------------------------------
              (Names and Addresses of Other Agents for Service)
<PAGE>   3
PAGE 3


         The Application-Declaration as previously filed is hereby amended as

follows:

Item 6.   Exhibits and Finance Statements

                 D-2      Order of Virginia State Corporation Commission
<PAGE>   4
PAGE 4

                                   SIGNATURE


         Pursuant to the requirements of the Public Utility Holding Company Act

of 1935, the undersigned companies have duly caused this Declaration to be

signed on their behalf by the undersigned thereunto duly authorized.

         The signatures of the applicants and of the persons signing on their

behalf are restricted to the information contained in this application which is

pertinent to the application of the respective companies.

                                 THE COLUMBIA GAS SYSTEM, INC.
                                 
Date:  December 29, 1994         By:  /s/ L. J. BAINTER
                                      -----------------------------------
                                          L. J. Bainter, Treasurer
                                 
                                 
                                 COLUMBIA GAS OF OHIO, INC.
                                 COLUMBIA GAS OF PENNSYLVANIA, INC.
                                 COLUMBIA GAS OF KENTUCKY, INC.
                                 COLUMBIA GAS OF MARYLAND, INC.
                                 COMMONWEALTH GAS SERVICES, INC.
                                 COLUMBIA GULF TRANSMISSION COMPANY
                                 COLUMBIA GAS DEVELOPMENT CORPORATION
                                 COLUMBIA PROPANE CORPORATION
                                 COMMONWEALTH PROPANE, INC.
                                 COLUMBIA GAS SYSTEM SERVICE CORPORATION
                                 COLUMBIA NATURAL RESOURCES, INC.
                                 COLUMBIA ATLANTIC TRADING CORPORATION
                                 COLUMBIA COAL GASIFICATION CORPORATION
                                 COLUMBIA LNG CORPORATION
                                 COLUMBIA ENERGY SERVICES CORPORATION
                                 TRISTAR VENTURES CORPORATION
                                 TRISTAR CAPITAL CORPORATION
                                 
Date:  December 29, 1994         By:  /s/ L. J. BAINTER             
                                      -----------------------------------
                                          L. J. Bainter, Vice President
<PAGE>   5
PAGE 1

EXHIBIT INDEX

             (a)     Exhibit

                     D-2      Order of Virginia State Corporation Commission

<PAGE>   1
PAGE 2

                                                                     EXHIBIT D-2


                            COMMONWEALTH OF VIRGINIA
                                                                       941240186
                          STATE CORPORATION COMMISSION

DOCUMENT CONTROL                                  AT RICHMOND, DECEMBER 20, 1994
1994 DEC 20  PM 3:45

APPLICATION OF

COMMONWEALTH GAS SERVICES, INC.                         CASE NO.  PUF940036
and
THE COLUMBIA GAS SYSTEM, INC.

For approval of intercompany
financing for 1995



                            ORDER GRANTING AUTHORITY

         On November 29, 1994, Commonwealth Gas Services, Inc. ("Applicant" or

"Commonwealth") and The Columbia Gas System, Inc.  ("System") filed an

application under Chapters 3 and 4 of Title 56 of the Code of Virginia

requesting authority to enter into intercompany financing arrangements during

1995.  Applicant has paid the requisite fee of $250.

         Commonwealth requests authority to enter into the following financing

arrangements with System, its parent company, during the calendar year of 1995:

1)  from time to time, to issue and sell, to System up to $26,000,000 of Common

Stock;  2)  to borrow up to an aggregate amount of $19,000,000 at any one time

in short-term loans from the System and/or other affiliated companies through

the Intrasystem Money Pool ("Money Pool"); and  3)  to invest temporary excess

funds, from time to time, in the Money Pool.  The $19,000,000 of short-term

debt is in excess of five percent of capitalization as defined in Section

56-65.1.
<PAGE>   2
PAGE 2

         Commonwealth proposes to issue and sell to System, from time to time,

up to 520,000 shares of its common stock with a par value of $50.  Total

proceeds from the common stock issuance(s) will not exceed $26,000,000.

         The proceeds from the sale of the Common Stock will be used to fund

construction and to retire currently outstanding long- term debt which matures

during 1995.  Money Pool borrowings will be used to fund peak short-term

requirements such as gas purchases and storage.

         THE COMMISSION, upon consideration of the application and having been

advised by its Staff, is of the opinion and finds that approval of the above

proposed financing will not be detrimental to the public interest.

Accordingly,

         IT IS ORDERED:

         1)      That Applicant is hereby authorized to:

                 (a)      issue and sell up to $26,000,000 in Common Stock to

                          System;

                 (b)      borrow through the Money Pool from System and/or

                          other affiliates in excess of five percent of

                          capitalization up to an aggregate amount of

                          $19,000,000; and

                 (c)      invest temporary excess funds in the Money Pool from

January 1, 1995 through December 31, 1995, all in the manner, under the terms 

and conditions, and for the purposes set forth in the application;

         2)      That Applicant shall account for all allocated fees associated

with System's debtor-in-possession financing agreements such that

administrative, commitment, structuring, and facility fees may be separately

and individually discernible;

         3)      That approval of the application shall have no implications

for ratemaking purposes;

         4)      That approval of the application shall not preclude the

Commission from applying the
<PAGE>   3
PAGE 3

provisions of Sections 56-78 and 56-80 of the Code of Virginia hereafter;

         5)      That the Commission reserves the right to examine the books

and records of any affiliate, whether or not such affiliate is regulated by

this Commission, in connection with the authority granted herein;

         6)      That within 30 days of its issuance, Applicant shall file,

with the Division of Economics and Finance, a copy of the Securities and

Exchange Commission Order authorizing financing transactions between Columbia

and its affiliates as outlined in paragraph 9 of the application;

         7)      That Applicant shall file quarterly reports within 60 days of

the end of each calendar quarter following the date of this Order, to include:

                 (a)      monthly schedules of Money Pool borrowings, segmented

                          according to System notes and notes issued to other

                          affiliates;

                 (b)      monthly schedules that separately reflect interest

                          expenses and each type of allocated fee;

                 (c)      monthly schedules of System's borrowings under its

                          Letter of Credit Agreement; and

                 (d)      a report detailing the issuance(s) of Common

                          Stock, to include the number of shares and price per

                          share, date of issuance, and use of the proceeds;

         8)      That Applicant shall file a final report of action on or

before February 28, 1996, to include data for the fourth quarter of 1995 as

prescribed in ordering paragraph 66 herein; and

         9)      That this matter shall be continued, subject to the continuing

review, audit, and appropriate directive of the Commission.
<PAGE>   4
PAGE 4

         AN ATTESTED COPY hereof shall be sent to the Applicant, attention of

Rodney W. Anderson, Attorney, Post Office Box 117, Columbus, Ohio 43216-0117;

and to the Division of Economics and Finance of the Commission.

                                                 /s/ William J. Bridge

                                                      Clerk of the
                                              State Corporation Commission


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission