<PAGE> 1
May 19, 1997
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, DC 20549
Interim Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
The Columbia Gas System, Inc., and Subsidiaries
12355 Sunrise Valley Drive
Suite 300
Reston, VA 20191-3458
File No. 70-8925
Gentlemen:
In compliance with the terms and conditions of Rule 24 under the Public
Utility Holding Company Act of 1935, and the Order of the Commission dated
December 23, 1996, authorizing the financing transactions and business
activities as more fully described in the Joint Application/Declaration, as
amended (the "application"), the undersigned hereby certifies to the Commission
that:
1. External Short Term Financing
During the calendar quarter ended March 31, 1997, the maximum amount of
Columbia Gas System, Inc. short-term debt outstanding was $250 million.
2. External Long Term Financing
During the calendar quarter ended March 31, 1997, no long-term financing
securities were issued by the Columbia Gas System, Inc. with the
exception of cash generated from the exercise of options under the Long
Term Incentive Plan, if any.
3. Interest Rate Swaps for Existing Debt - Hedging for Anticipated Debt
During the calendar quarter ended March 31, 1997, the Columbia Gas System,
Inc. did not enter into any interest rate derivative transactions
regarding existing or anticipated debt issuances.
4. The table that follows illustrates the joint applicants - declarants
Intrasystem financing activity for, and as of, the calendar quarter ended
March 31, 1997.
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<TABLE>
<CAPTION>
Aggregate Amount Money Pool Peak
Under Application Balance During Quarter
Common Long Term Parent
Stock Debt Borrowings Investments Guarantees
Subsidiary ($000) ($000) ($000) ($000) ($000)
<S> <C> <C> <C> <C> <C>
Columbia Gas of Kentucky, Inc. * * 9,903 3,850 -0-
Columbia Gas of Ohio, Inc. * * 204,837 -0- -0-
Columbia Gas of Maryland, Inc. -0- -0- 4,804 -0- -0-
Columbia Gas of Pennsylvania, Inc. * * 59,412 -0- -0-
Commonwealth Gas Services, Inc. * * * * -0-
Columbia Gas Transmission Corp. * * * * -0-
Columbia Gulf Transmission Co. * * * * -0-
Columbia Natural Resources, Inc. * * * * -0-
Columbia Energy Services Corp. * * * * 8,210
Columbia Energy Marketing Corp. * * * * -0-
Columbia Service Partners, Inc. * * * * -0-
Columbia Gas System Service Corp. * * * * -0-
Columbia Propane Corp. * * * * -0-
Commonwealth Propane, Inc. * * * * -0-
TriStar Ventures Corp. * * * * -0-
TriStar Pedrick Limited Corp. * * * * -0-
TriStar Pedrick General Corp. * * * * -0-
TriStar Binghamton Limited Corp. * * * * -0-
TriStar Binghamton General Corp. * * * * -0-
</TABLE>
* Reported to the Commission on Form U-6B-2
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<TABLE>
<CAPTION>
Aggregate Amount Money Pool Peak
Under Application Balance During Quarter
Common Long Term Parent
Stock Debt Borrowings Investments Guarantees
Subsidiary ($000) ($000) ($000) ($000) ($000)
<S> <C> <C> <C> <C> <C>
TriStar Vineland Limited Corp. * * * * -0-
TriStar Vineland General Corp. * * * * -0-
TriStar Rumford Limited Corp. * * * * -0-
TriStar Fuel Cells Corp. * * * * -0-
TVC Nine Corp. * * * * -0-
TVC Ten Corp. * * * * -0-
TriStar System, Inc. * * * * -0-
TriStar Capital Corp. * * * * -0-
Columbia Atlantic Trading Corp. * * * * -0-
Columbia LNG Corp. * * * * -0-
Total -0- -0- 278,956 3,850 8,210
</TABLE>
* Reported to the Commission on Form U-6B-2
Very truly yours,
The Columbia Gas System, Inc.
By: /s/ J. W. Grossman
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J. W. Grossman, Vice President
