COLUMBIA GAS SYSTEM INC
8-K, 1995-10-04
NATURAL GAS TRANSMISISON & DISTRIBUTION
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<PAGE>   1
                             FORM 8-K
                             --------


                SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C.  20549



                          CURRENT REPORT
                          --------------


                 Pursuant to Section 13 or 15(d)
              of the Securities Exchange Act of 1934



Date of Report (date of earliest event Reported) October 4, 1995
                                                 ---------------



                  THE COLUMBIA GAS SYSTEM, INC.
                  -----------------------------
      (Exact name of registrant as specified in its charter)


          Delaware                1-1098          13--1594808    
- - ----------------------------    ------------  -------------------
(State of other jurisdiction    (Commission     (IRS Employer
      of incorporation)         File Number)  Identification No.)


         20 Montchanin Road, Wilmington, Delaware  19807
         -----------------------------------------------
             (Address of principal executive offices)


Registrant's telephone number, including area code (302) 429-5000
                                                   --------------
<PAGE>   2
Item 5.   Other Events

       Information contained in a News Release dated October 3, 1995, is
incorporated herein by reference.




<PAGE>   3

                            SIGNATURE


       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 hereunto duly authorized.


                                   The Columbia Gas System, Inc.
                                   -----------------------------
                                            (Registrant)



                                   By   /s/ L.J. Bainter
                                     ---------------------------
                                            L.J. Bainter
                                            Treasurer
                              



Date:  October 4, 1995



<PAGE>   4

Contacts:  Media -    H. W. Chaddock (302) 429-5261
           Analysts - T. L. Hughes (302) 429-5363
                      K. P. Murphy (302) 429-5471


                                                                 
FOR IMMEDIATE RELEASE                             October 3, 1995




      COLUMBIA COMPANIES SEEK TO EXTEND EXCLUSIVITY PERIODS;
    CONTINUE TO EXPECT EMERGENCE FROM CHAPTER 11 BY YEAR END


       Wilmington, Del. -- The Columbia Gas System, Inc.
(NYSE:CG), and Columbia Gas Transmission Corp., its principal
pipeline subsidiary, have asked the U.S. Bankruptcy Court for the
District of Delaware to extend the exclusive periods for filing
and/or amending their Chapter 11 reorganization plans to 
January 2, 1996.

       The Corporation said it is optimistic that both
reorganization plans will receive the favorable majorities
necessary to permit confirmation by the Bankruptcy Court, thereby
enabling the companies to meet their current timetable and emerge
from Chapter 11 before the end of the year.

       The extension was requested only to be certain that
ample time would be available to obtain the many approvals
required under the Bankruptcy Code and, if necessary, to amend
the plans in order that they can be successfully confirmed at the
hearings which are now scheduled to commence November 13.

       The current exclusivity periods for the two companies
expire October 16, 1995. 

       The two companies have been operating as debtors-in-possession under
Chapter 11 of the Bankruptcy Code since July 31, 1991.


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