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File Number 70-8525
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Amendment No. 2
to
Form U-1
APPLICATION-DECLARATION UNDER THE PUBLIC UTILITY
HOLDING COMPANY ACT OF 1935
By
CONSOLIDATED NATURAL GAS COMPANY
CNG Tower
625 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3199
(a registered holding company and
the parent of the other party)
CNG ENERGY COMPANY
CNG Tower
625 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3199
Names and addresses of agents for service:
S. E. WILLIAMS, Senior Vice President
and General Counsel
Consolidated Natural Gas Company
CNG Tower
625 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3199
N. F. CHANDLER, General Attorney
Consolidated Natural Gas Service Company, Inc.
CNG Tower
625 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3199
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File Number 70-8525
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 2
to
FORM U-1
APPLICATION-DECLARATION UNDER THE PUBLIC UTILITY
HOLDING COMPANY ACT OF 1935
Consolidated Natural Gas Company et al. hereby amend their
application-declaration under the above file number as follows:
Item 1. Description of Proposed Transaction
___________________________________
The following is added as new material at the end of the response under
Item 1(a):
"Rule 54 promulgated under the Act states that in determining
whether to approve the issue or sale of a security by a registered
holding company for purposes other than the acquisition of an electric
wholesale generator ("EWG") or a foreign utility company ("FUCO"), or
other transactions by such registered holding company or its subsidiaries
other than with respect to EWGs or FUCOs, the Commission shall not
consider the effect of the capitalization or earnings of any subsidiary
which is an EWG or a FUCO upon the registered holding company system if
Rules 53(a), (b) and (c) are satisfied. Currently Consolidated owns
indirectly a 1% general partnership and a 34% limited partnership
interest in Lakewood Cogeneration, L.P., an EWG. Consolidated does not
own any interests in a FUCO. Consolidated believes that Rule 53(a), (b)
and (c) are satisfied in its case as follows.
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Fifty percent of Consolidated's retained earnings as of
September 30, 1994 was $702,436,000; Consolidated's aggregate investment
(as defined in Rule 53(a)(1)(i)) in its EWG is estimated to be
approximately $18,000,000, thereby satisfying Rule 53(a)(1).
Consolidated and its subsidiaries maintain books and records to identify
the investments in and earnings from the EWG in which they directly or
indirectly hold an interest, thereby satisfying Rule 53(a)(2). Employees
of Consolidated's domestic public-utility companies do not render
service, directly or indirectly, to the EWG in the Consolidated System,
thereby satisfying Rule 53(a)(3). No application for EWG financing has
been filed with the Commission since adoption of Rule 53; Rule 53(a)(4)
is correspondingly inapplicable at this time.
None of the conditions described in Rule 53(b) exist with respect to
Consolidated, thereby satisfying Rule 53(b) and making Rule 53(c)
inapplicable."
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act
of 1935, the undersigned companies have duly caused this amendment to be
signed on their behalf by the undersigned thereunto duly authorized.
CONSOLIDATED NATURAL GAS COMPANY
CNG ENERGY COMPANY
By N. F. Chandler
Their Attorney
Date: December 29, 1994
