<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________
:
In the Matter of :
CERTIFICATE
:
of
CONSOLIDATED NATURAL GAS COMPANY :
NOTIFICATION
Pittsburgh, Pennsylvania :
NO. 9
:
____________
CNG ENERGY COMPANY :
:
TRANSACTIONS
File No. 70-7909 :
DURING PERIOD
(Public Utility Holding Company Act of 1935):
_____________________________________________ January
1, 1994
through
March
31, 1994
TO THE SECURITIES AND EXCHANGE COMMISSION:
By Order dated December 26, 1991 (HCAR No. 25446)
("Order") in the
above-captioned proceeding, the Securities and Exchange
Commission
("Commission") permitted the Application-Declaration of
Consolidated
Natural Gas Company ("Consolidated"), as amended, to become
effective,
thereby authorizing Consolidated to provide up to $15
million of
financing to CNG Energy Company ("CNG Energy") for its
preliminary
project development and administrative activities
("Preliminary
Activities") in connection with its possible investments in
qualifying
and cogeneration facilities located within the United
States. Such
activities are to be financed through: (1) the purchase of
common
stock of CNG Energy; (2) open account advances from
Consolidated; or
(3) long-term loans.
By Supplemental Order dated October 8, 1992 (HCAR No.
35-25651)
("Supplemental Order"), Consolidated and CNG Energy were
authorized to
fund up to $50 million, through December 31, 1996, to a
qualifying
cogeneration facility in Lakewood, New Jersey ("Lakewood
Project").
The funding will be channeled from Consolidated to CNG
Energy, from
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CNG Energy to CNG Lakewood, Inc. ("CNG Lakewood"), from CNG
Lakewood
to Lakewood Cogeneration, L.P. ("Partnership") and from the
Partnership to the Lakewood Project. (Alternatively, CNG
Energy may
bypass CNG Lakewood and invest directly in the Partnership.)
The
funding will be financed through: (1) common stock
acquisitions, (2)
open account advances, or (3) long-term loans.
This Certificate is filed in accordance with Rule 24, as
a
notification that the transactions authorized by said Order
and said
Supplemental Order have been carried out in accordance with
the terms
and conditions of and for the purposes represented by said
Application-Declaration and said Order. A balance sheet and
income
statement, as of the end of the reporting quarter, for the
Cogeneration Division of CNG Energy are set forth in
Exhibits A and B.
The following table indicates the transactions carried
out by CNG
Energy pursuant to the Order and the Supplemental Order for
the
quarter and cumulatively:
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Transactions
Transactions
Relating to Relating to
Order Supplemental
Order
(Preliminary (Lakewood
after
Activities) 10/8/92)
____________
___________________
(1) Issuance of Common
Stock of CNG Energy
$1,000 par value:
For this Period -0- -0-
Cumulative -0- -0-
(2) Long-Term Loans:
For this Period -0- -0-
Cumulative -0- -0-
(3) Open Account Advances:
For this Period $ -0- $ 245,000
Cumulative 1,235,000 $1,255,000
(4) Total Financings:
For this Period $ -0- $ 245,000
Cumulative 1,235,000 $1,255,000
The "past-tense" opinion required by paragraph F(2) of
the
instructions as to exhibits for Form U-1 will be filed when
all of the
transactions authorized pursuant to said Orders have
consummated.
CONSOLIDATED NATURAL
GAS COMPANY
CNG ENERGY COMPANY
H. P. Payne, Jr.
Their Attorney
Dated this 29th day
of April, 1994
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Exhibit A
CNG Energy Company
Power Generation Division Balance Sheet
March 31, 1994 (Unaudited) (1)
(Thousands of Dollars)
Cogeneration
Assets
Division
______
____________
Property, plant and equipment
Total investment . . . . . . . . . . . . . . . . .
$ 690
Less accumulated depreciation . . . . . . . . . .
248
_______
Net property, plant and equipment . . . . . .
442
Cash . . . . . . .. . . . . . . . . . . . . . . . . . . .
10
Investments, at cost . . . . . . . . . . . . . . . . . .
5,529
Investments, at equity. . . . . . . . . . . . . . . . . .
15,557
Accounts receivable . . . . . . . . . . . . . . . . . . .
4,960
Deferred charges . . . . . . . . . . . . . . . . . . . .
- -0-
_______
Total assets . . . . . . . . . . . . . . . . . .
$26,498
=======
Stockholder's Equity and Liability
__________________________________
Capitalization
Common stockholder's equity
Common stock . . . . . . . . . . . . . . . . . . . .
$ 8,630
Retained earnings . . . . . . . . . . . . . . . . . . .
(6,686)
_______
Total common stockholder's equity. . . . . . . .
1,944
Long term notes payable to parent company . . . . . . . .
6,160
_______
Total capitalization . . . . . . . . . . . . . .
8,104
Total current liabilities . . . . . . . . . . . . . . . .
10,191
Accumulated deferred income taxes . . . . . . . . . . . .
8,203
_______
Total stockholder's equity and liabilities. . . . . . . .
$26,498
=======
(1) This balance sheet has not been audited by the
Company's
independent auditors.
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Exhibit B
CNG Energy Company
Power Generation Division Income Statement
March 31, 1994 (Unaudited) (1)
(Thousands of Dollars)
Cogeneration
Division
____________
Total operating revenues . . . . . . . . . . . . . . . .
$ 0
Total operating expenses . . . . . . . . . . . . . . . .
196
_______
Total estimated income taxes . . . . . . . . . . . . . .
4
_______
Operating Income . . . . . . . . . . . . . . . . .
(200)
Other income . . . . . . . . . . . . . . . . . . . . . .
304
Interest charges . . . . . . . . . . . . . . . . . . . .
196
_______
Net income . . . . . . . . . . . . . . . . . . . .
(92)
=======
(1) This income statement has not been audited by the
Company's
independent auditors.
