<PAGE> 1
File No. 70-8219
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Post-Effective Amendment No. 4 to Form U-1
JOINT APPLICATION-DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
<TABLE>
<S> <C>
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 5847 San Felipe
Houston, TX 77057
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
</TABLE>
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)
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PAGE 2
Names and Addresses of Subsidiary Company Agents for Service:
<TABLE>
<S> <C>
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
E. O'LEARY, 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 5847 San Felipe
Columbia Gas Service Corp. Houston, Texas 77057
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, PA 15241
Commonwealth Propane, Inc.
Columbia Propane Corporation
800 Moorefield Park Drive
Richmond, Virginia 23236
</TABLE>
_______________________________________________________________________________
(Names and Addresses of Other Agents for Service)
<PAGE> 3
PAGE 3
Post-Effective Amendment No. 3 to the Application-Declaration
previously filed is hereby amended in its entirety by the following:
Item 1. Description of Proposed Transaction.
(a) Furnish a reasonably detailed and precise description of the
proposed transaction, including a statement of the reasons why it is desired to
consummate the transaction and the anticipated effect thereof. If the
transaction is part of a general program, describe the program and its relation
to the proposed transaction.
Columbia requests the authorization of the Commission to increase the
amount of short-term borrowings of Columbia Ohio by $40 million over the amount
previously authorized by the Commission for the period ending December 31,
1994. Higher than anticipated prices for natural gas have raised the potential
for additional short-term borrowing by Columbia Ohio for the period ending
December 31, 1994. The Commission had previously authorized $162 million in
short-term financing for Columbia Ohio. Columbia requests that the Commission
increase the authorized amount of short-term borrowing by Columbia Ohio to $202
million in order to provide an adequate cushion against additional working
capital requirements. The requested increase represents a contingency for
higher gas prices of up to $1.00 per Mcf for the approximately 40 Bcf of
inventory gas yet to be purchased by Columbia Ohio for the 1994-95 winter
heating season. This borrowing, if needed, is a timing issue since the higher
<PAGE> 4
PAGE 4
costs will be collected through increased gas costs in subsequent periods.
Funds will be advanced, repaid and reborrowed through December
31, 1994, with all such borrowings to be fully repaid by April 30, 1995. All
short-term borrowings from Columbia will have the same terms and conditions as
previously authorized by Order of the Commission dated September 29, 1993
(Release No. 35-25896; 70-8219)
In connection with the Columbia Ohio proposed increase, Columbia
requests Commission authorization to provide a total of $438.7 million in
short-term borrowings to its subsidiaries, an increase of $40 million over the
$398.7 million previously authorized by the Commission. The Commission has
reserved jurisdiction over an additional $3 million of short-term borrowings.
Release of that reservation of jurisdiction is not sought in this
Post-Effective Amendment No. 4.
Item 2. Fees, Commissions and Expenses.
(a) State (1) the fees, commissions and expenses paid or incurred,
or to be paid or incurred, directly or indirectly, in connection with the
proposed transaction by the applicant or declarant or any associate company
thereof, and (2) if the proposed transaction involves the sale os securities at
competitive bidding, the fees and expenses to be paid to counsel selected by
applicant or declarant to act for the successful bidder.
<TABLE>
<S> <C>
Services of Columbia Gas System
corporation in connection with the preparation
of the Application-Declaration ................................................. 1,000
------
Total ..................................................................... $1,000
======
</TABLE>
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PAGE 5
(b) If any person to whom fees or commissions have been or are to be
paid in connection with the proposed transaction is an associate company or an
affiliate of the applicant or declarant, or is an affiliate of an associate
company, set forth the facts with respect thereto.
Columbia Gas System Service Corporation, a wholly-owned subsidiary of
The Columbia Gas System, Inc., will perform certain services at cost as set
forth in Item 2(a) above.
Item 5. Procedure.
(a) State the date when Commission action is requested. If the date
is less than 40 days from the date of the original filing, set forth the
reasons for acceleration.
It is requested that the Commission issue its Notice by June 24, 1994
and its Supplemental Order on or before July 27, 1994.
Item 6. Exhibits and Financial Statements.
(a) Exhibits
F-2 Opinion of Counsel (to be filed by Amendment)
G-2 Proposed Notice
(b) Financial Statements
The Columbia Gas System, Inc. and Subsidiaries
(1) Condensed Statements of Capitalization as of April 30, 1994
(actual and pro forma)
(2) Condensed Statements of Income for the Twelve months ended
April 30, 1994 (actual and pro forma)
The Columbia Gas System, Inc.
(1) Condensed Statements of Capitalization as of April 30, 1994
(actual and pro forma)
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PAGE 6
(2) Condensed Statements of Income for the Twelve Months ended
April 30, 1994 (actual and pro forma)
Columbia Gas of Ohio Inc.
(1) Condensed Statements of Capitalization as of April 30, 1994
(actual and pro forma)
(2) Condensed Statements of Income for the Twelve Months ended
April 30, 1994 (actual and pro forma)
<PAGE> 7
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: June 28, 1994 By: /s/ L. J. Bainer
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: June 28, 1994 By: /s/ L. J. Bainter
L. J. Bainter
Vice President
<PAGE> 8
PAGE 1
EXHIBIT INDEX
(a) Exhibits
F-2 Opinion of Counsel (to be filed by Amendment).
G-2 Proposed Notice.
<PAGE> 1
PAGE 2
EXHIBIT G-2
SECURITIES AND EXCHANGE COMMISSION
(Release No. )
The Columbia Gas System, Inc. and Subsidiaries Notice of Proposed Revision of
Intrasystem Financing and Money Pool Programs for the period September 30, 1993
through December 31, 1994.
The Columbia Gas System, Inc. ("Columbia"), a Delaware corporation and
registered holding company and certain subsidiaries:
COLUMBIA GAS OF OHIO, INC. ("Columbia Ohio")
COLUMBIA GAS OF PENNSYLVANIA, INC. ("Columbia Pennsylvania")
COLUMBIA GAS OF KENTUCKY, INC. ("Columbia Kentucky")
COLUMBIA GAS OF MARYLAND, INC. ("Columbia Maryland")
COMMONWEALTH GAS SERVICES, INC. ("Commonwealth Services")
200 Civic Center Drive
Columbia, Ohio 43215
COLUMBIA GULF TRANSMISSION COMPANY ("Columbia Gulf")
1700 MacCorkle Avenue, S.E.
Charleston, West Virginia 25314
COLUMBIA GAS DEVELOPMENT CORPORATION ("Development")
5847 San Felipe
Houston, Texas 77057
COMMONWEALTH PROPANE, INC. ("Commonwealth Propane")
COLUMBIA PROPANE CORPORATION ("Columbia Propane")
800 Moorefield Park Drive
Richmond, Virginia 23236
COLUMBIA GAS SYSTEM SERVICE CORPORATION ("Service")
COLUMBIA LNG CORPORATION ("Columbia LNG")
COLUMBIA ATLANTIC TRADING CORPORATION ("Columbia Atlantic")
COLUMBIA ENERGY SERVICES CORPORATION ("Energy Services")
2581 Washington Road
Upper Saint Clair, PA 15241
TRISTAR VENTURES CORPORATION ("TriStar Ventures")
TRISTAR CAPITAL CORPORATION ("TriStar Capital")
20 Montchanin Road
Wilmington, Delaware 19807
COLUMBIA NATURAL RESOURCES, INC. ("Columbia Natural")
COLUMBIA COAL GASIFICATION CORPORATION ("Coal Gasification")
900 Pennsylvania Ave.
Charleston, West Virginia 25302
(the "Subsidiaries") have filed a joint application-declaration with this
Commission pursuant to Sections 6, 7, 9, 10, 12(b) and 12(f) under the Public
Utility Holding Company Act of 1935 (the "Act") and Rules 43, 45 and 50
thereunder.
Columbia proposes to increase the amount of short-term borrowings of
Columbia Ohio, one of its regulated subsidiaries, by $40 million over the
amount previously authorized for the period. Higher than anticipated prices
for natural gas have raised the potential for additional short-term borrowing
by Columbia Ohio for the period. The Commission had previously authorized $162
million in short-term financing for Columbia Ohio. Columbia requests that the
Commission increase the authorized amount to $202 million in order to provide
an adequate cushion against additional working capital requirements.
<PAGE> 2
Funds will be advanced, repaid and reborrowed through December 31,
1994, with all such borrowings to be fully repaid by April 30, 1995. All
short-term borrowings from Columbia will have the same terms and conditions as
previously authorized by Order of the Commission dated September 29, 1993
(Release No. 35-25896; 70-8219)
The joint application-declaration and any amendments thereto are
available for public inspection through the commission's Office of Public
Reference. Interested persons wishing to comment or request a hearing should
submit their views in writing by July ____, 1994, to the Secretary, Securities
and Exchange Commission, Washington, D.C. 20549, and serve a copy on the
applicants- declarants at the address specified above. Proof of service (by
affidavit or, in case of an attorney-at-law, by certificate) should be filed
with the request. Any request for a hearing shall identify specifically the
issues of fact or law that are disputed. A person who so requests will be
notified of any hearing, if ordered, and will receive a copy of any notice or
order issued in this matter. After said date, the joint
application-declaration, as filed or as it may be amended, may be permitted to
become effective.
For the Commission, by the Division of Investment Management, pursuant
to delegated authority.
Jonathan G. Katz
Secretary
<PAGE> 3
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES UNAUDITED
6(b)(1)
CONDENSED STATEMENTS CAPITALIZATION
ACTUAL AND PRO FORMA
AS OF APRIL 30, 1994
($000)
<TABLE>
<CAPTION>
CGS * CG COH
--------- ---------- ----------
<S> <C> <C> <C>
ACTUAL CAPITALIZATION
Common Stock Equity
Common Stock........................... 505,592 505,592 119,240
Additional Paid in Capital ............ 601,759 601,759 -
Retained Earnings ..................... 337,596 337,596 265,217
Unearned Employee Compensation ........ (69,966) (69,966) -
---------- ---------- ----------
Total Common Stock Equity ............... 1,374,981 1,374,981 384,457
---------- ---------- ----------
Long-Term Debt
Existing Notes and Other Long-Term Debt 4,536 - 235,829
Additional Installment Notes .......... - - -
---------- ---------- ----------
Total Long-Term Debt .................... 4,536 - 235,829
---------- ---------- ----------
TOTAL CAPITALIZATION .................... 1,379,517 1,374,981 620,286
========== ========== ==========
- -----------------------------------------------------------------------------------
ADJUSTMENTS TO CAPITALIZATION
Common Stock Equity
Common Stock........................... - - -
Additional Paid in Capital ............ - - -
Retained Earnings ..................... - - -
Unearned Employee Compensation ........ - - -
---------- ---------- ----------
Total Common Stock Equity ............... - - -
---------- ---------- ----------
Long-Term Debt
Existing Notes and Other Long-Term Debt - - -
Additional Installment Notes .......... - - -
---------- ---------- ----------
Total Long-Term Debt .................... - - -
---------- ---------- ----------
TOTAL CAPITALIZATION .................... - - -
========== ========== ==========
- -----------------------------------------------------------------------------------
PRO FORMA CAPITALIZATION
Common Stock Equity
Common Stock........................... 505,592 505,592 119,240
Additional Paid in Capital ............ 601,759 601,759 -
Retained Earnings ..................... 337,596 337,596 265,217
Unearned Employee Compensation ........ (69,966) (69,966) -
---------- ---------- ----------
Total Common Stock Equity ............... 1,374,981 1,374,981 384,457
---------- ---------- ----------
Long-Term Debt
Existing Notes and Other Long-Term Debt 4,536 - 235,829
Additional Installment Notes .......... - - -
---------- ---------- ----------
Total Long-Term Debt .................... 4,536 - 235,829
---------- ---------- ----------
TOTAL CAPITALIZATION .................... 1,379,517 1,374,981 620,286
========== ========== ==========
- -----------------------------------------------------------------------------------
</TABLE>
* Consolidated Statement of Capitalization
<PAGE> 4
THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES UNAUDITED
6(b)(2)
CONDENSED STATEMENTS OF INCOME
ACTUAL AND PRO FORMA
TWELVE MONTHS ENDED APRIL 30, 1994
($000)
<TABLE>
<CAPTION>
CGS * CG COH
--------- --------- ---------
<S> <C> <C> <C>
ACTUAL
Operating Income (Loss) ................. 355,824 (7,464) 64,347
--------- --------- ---------
Other Income (Deductions)
Interest income and other, net ........ (8,858) 222,106 2,940
Interest expense and related charges .. (79,020) (1,398) (12,315)
Reorganization items, net ............. 13,830 (3,161) -
--------- --------- ---------
Total Other Income (Deductions) ......... (74,048) 217,547 (9,375)
--------- --------- ---------
Income before Income Taxes and
Cumulative Effect of Accounting Change 281,776 210,083 54,972
Income Taxes ............................ 137,027 70,934 23,966
--------- --------- ---------
Income before Cumulative Effect
of Accounting Change .................. 144,749 139,149 31,006
Cumulative Effect of Change in
Accounting for Post-employment Benefits (5,644) (44) -
--------- --------- ---------
NET INCOME .............................. 139,105 139,105 31,006
- ------------------------------------------========= ========= =========
_______________________________________________________________________
ADJUSTMENTS
Operating Income (Loss) ................. - - -
--------- --------- ---------
Other Income (Deductions)
Interest income and other, net ........ - - -
Interest expense and related charges .. - - -
Reorganization items, net ............. - - -
--------- --------- ---------
Total Other Income (Deductions) ......... - - -
--------- --------- ---------
Income before Income Taxes and
Cumulative Effect of Accounting Change - - -
Income Taxes ............................ - - -
--------- --------- ---------
Income before Cumulative Effect
of Accounting Change .................. - - -
Cumulative Effect of Change in
Accounting for Post-employment Benefits - - -
--------- --------- ---------
NET INCOME .............................. - - -
- ------------------------------------------========= ========= =========
_______________________________________________________________________
PRO FORMA
Operating Income (Loss) ................. 355,824 (7,464) 64,347
--------- --------- ---------
Other Income (Deductions)
Interest income and other, net ........ (8,858) 222,106 2,940
Interest expense and related charges .. (79,020) (1,398) (12,315)
Reorganization items, net ............. 13,830 (3,161) -
-------- --------- ---------
Total Other Income (Deductions) ......... (74,048) 217,547 (9,375)
-------- --------- ---------
Income before Income Taxes and
Cumulative Effect of Accounting Change 281,776 210,083 54,972
Income Taxes ............................ 137,027 70,934 23,966
--------- --------- ---------
Income before Cumulative Effect
of Accounting Change... ............... 144,749 139,149 31,006
Cumulative Effect of Change in
Accounting for Post-employment Benefits (5,644) (44) -
--------- --------- ---------
NET INCOME .............................. 139,105 139,105 31,006
- ------------------------------------------========= ========= =========
_______________________________________________________________________
</TABLE>
* Consolidated Statement of Income
