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File No. 70-8317
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form U-1
Post-Effective Amendment No. 1
DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
THE COLUMBIA GAS SYSTEM, INC.
COLUMBIA LNG CORPORATION
20 Montchanin Road
Wilmington, Delaware 19807
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(Name of Company of Companies Filing This Statement
and Addresses of the Principal Executive Offices)
THE COLUMBIA GAS SYSTEM, INC.
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(Name of Top Registered Holding Company Parent of
Each Applicant or Declarant)
L. J. Bainter, Treasurer
THE COLUMBIA GAS SYSTEM, INC.
J. W. Grossman, Treasurer
COLUMBIA LNG CORPORATION
20 Montchanin Road
Wilmington, Delaware 19807
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(Name and Address of Principal Agent for Service)
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The joint Application-Declaration as filed is hereby amended
by adding 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.
In the Commission's Order dated February 25, 1994 (HCAR 25993), The
Columbia Gas System, Inc. ("Columbia") and Columbia LNG Corporation ("Columbia
LNG") were authorized through December 31, 1994 to proceed with a
recapitalization of Columbia LNG to establish a 100% equity capital structure.
To effect this recapitalization, Columbia and Columbia LNG were authorized to
have Columbia make a capital contribution to Columbia LNG of up to $52.0
million, consisting of $48.1 million of installment promissory notes and
short-term debt and up to $3.9 million of accrued interest to the effective
date of the recapitalization, which was estimated to be mid-1994.
On December 21, 1994, Columbia and Columbia LNG proceeded with the
recapitalization by having Columbia make a capital contribution of $52.0
million as described above. However, because the recapitalization was
undertaken later than expected due to delays at the Federal Energy Regulatory
Commission in receiving satisfactory certificates authorizing Columbia LNG's
new business plan, the amount of accrued interest to the effective date of the
recapitalization exceeded the $3.9 million
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authorized by $875,758. Consistent with the intent of the
Application-Declaration to contribute all of the outstanding debt and accrued
interest and establish a 100% equity capital structure for Columbia LNG,
Columbia and Columbia LNG now propose to make an additional capital
contribution which would consist of the remaining accrued interest.
ITEM 4. REGULATORY APPROVAL.
(a) State the nature and extent of the jurisdiction of any State
Commission or any Federal Commission (other than the Securities and Exchange
Commission) over the proposed transaction.
Approval of the United States Bankruptcy Court for the District of
Delaware (the "Bankruptcy Court") will be required.
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 respectfully requested that the Commission issue its
supplementary order as soon as practicable after the completion of the record.
ITEM 6. EXHIBITS AND FINANCIAL STATEMENTS.
(a) Exhibits
D-3 Order of the Bankruptcy Court for the
District of Delaware (to be filed by
post-effective amendment).
F-2 Opinion of Counsel for Columbia and Columbia
LNG (to be filed by post-effective amendment).
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SIGNATURE
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned has duly caused this statement to be
signed on its behalf by the undersigned thereunto duly authorized.
THE COLUMBIA GAS SYSTEM, INC.
Dated: January 6, 1994 By: /s/ L. J. Bainter
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L. J. Bainter, Treasurer
COLUMBIA LNG CORPORATION
Dated: January 6, 1994 By: /s/ J. W. Grossman
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J. W. Grossman, Treasurer
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EXHIBIT INDEX
(a) Exhibits
D-3 Order of Bankruptcy Court for the District of
Delaware (to be filed by post-effective amendment).
F-2 Opinion of Counsel for Columbia and Columbia LNG (to
be filed by post-effective amendment).
