<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________
CONSOLIDATED NATURAL GAS COMPANY : CERTIFICATE
Pittsburgh, Pennsylvania : of
: NOTIFICATION
CNG COAL COMPANY : NO. 2
CNG PRODUCING COMPANY :
CNG PIPELINE COMPANY : TRANSACTIONS
CNG RESEARCH COMPANY : DURING PERIOD
CNG STORAGE SERVICE COMPANY : _____________
CNG GAS SERVICES CORPORATION :
CNG TRANSMISSION CORPORATION : October 1, 1993
CONSOLIDATED NATURAL GAS SERVICE : through
COMPANY, INC. : December 31, 1993
CONSOLIDATED SYSTEM LNG COMPANY :
HOPE GAS, INC. :
THE EAST OHIO GAS COMPANY :
THE PEOPLES NATURAL GAS COMPANY :
THE RIVER GAS COMPANY :
VIRGINIA NATURAL GAS INC. :
WEST OHIO GAS COMPANY :
:
File No. 70-8195 :
:
(Public Utility Holding Company Act of 1935) :
____________________________________________ :
TO THE SECURITIES AND EXCHANGE COMMISSION:
By Order dated June 30, 1993 (HCAR No. 25841), the Securities and
Exchange Commission permitted the Application-Declaration of
Consolidated Natural Gas Company ("Consolidated") and its
above-mentioned subsidiaries ("Subsidiaries") to become effective,
thereby authorizing Consolidated and its Subsidiaries to engage in
various securities transactions to finance said Subsidiary companies
through June 30, 1994.
This Certificate is filed in accordance with Rule 24, as a
notification that of the various transactions authorized by said
Order, the following have been carried out in accordance with the
terms and conditions of and for the purposes represented by said
Application-Declaration and said Order:
<PAGE> 2
1. Sale of Commercial Paper.
During said period, Consolidated issued and sold commercial
paper. The maximum amount of Consolidated's commercial paper
outstanding at any time during this period ended December 31,
1993, was $614,400,000 principal amount.
Amount Outstanding - December 31, 1993 - $455,000,000
2. Borrowings under Commercial Paper Backup Lines of Credit.
There were no borrowings or repayments during this period.
3. Short-Term Advances to Subsidiaries for Gas Storage and Working
Capital.
Short-term advances to Subsidiaries for gas storage and
working capital were taken through the Consolidated Natural Gas
System Money Pool (SEC File No. 70-7258, HCAR No. 24128).
4. Long Term Loans.
During the period the following long-term notes were issued to
the subsidiaries:
CNG Service Company $ 795,000
East Ohio Gas Company $ 39,416,000
River Gas Company $ 1,125,000
CNG Transmission Corporation $117,334,000
CNG Producing Company $ 79,575,000
Peoples Natural Gas Company $ 26,700,000
<PAGE> 3
5. Sales of Capital Stock by Subsidiaries.
The following Capital Stock sales by the subsidiaries occurred
during the period.
No. of
Shares Par Value Amount
______ _________ __________
CNG Energy Company 500 $ 1,000 $ 500,000
West Ohio Gas Company 740,000 $ 5 $ 3,700,000
CNG Transmission Corp. 1,861 $10,000 $18,610,000
Peoples Natural Gas Co. 232,000 $ 100 $23,200,000
The above transaction between Consolidated and West Ohio Gas
Company ("WOG") and Consolidated and Peoples Natural Gas Company
("PNG") occurred under an exemption pursuant to Rule 52 and are not
part of the authorizations under this file number. The Certificates
of Notification as required by Rule 52 on Form U-6B-2 are filed as A-1
and A-2. The sales of stock by WOG and PNG were expressly authorized
by order of their respective state Public Utility Commissions
(September 23, 1993 - Ohio and November 10, 1993 - Pennsylvania). The
applications and related orders by WOG and PNG are filed as A-3 and
A-4, respectively.
<PAGE> 4
The "past tense" opinion required by paragraph F(2) of the
instructions as to exhibits for Form U-1 is be filed as Exhibit A-3 to
this certificate.
CONSOLIDATED NATURAL GAS COMPANY
CNG COAL COMPANY
CNG PRODUCING COMPANY
CNG PIPELINE COMPANY
CNG RESEARCH COMPANY
CNG STORAGE SERVICE COMPANY
CNG GAS SERVICES CORPORATION
CNG TRANSMISSION CORPORATION
CONSOLIDATED NATURAL GAS SERVICE
COMPANY, INC.
CONSOLIDATED SYSTEM LNG COMPANY
HOPE GAS, INC.
THE EAST OHIO GAS COMPANY
THE PEOPLES NATURAL GAS COMPANY
THE RIVER GAS COMPANY
VIRGINIA NATURAL GAS INC.
WEST OHIO GAS COMPANY
H. P. Payne, Jr.
Their Attorney
Dated this 31st day
of January, 1994
<PAGE> 1
Exhibit A-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-6B-2
Certificate of Notification
Filed By
WEST OHIO GAS COMPANY
This certificate is notice that the above named company has
issued, renewed or guaranteed the security or securities described
herein which issue, renewal or guaranty was exempted from the
provisions of Section 6(a) of the Act and was neither the subject of a
declaration or application on Form U-1 nor included within the
exemption provided by Rule U-48.
1. Type of the security or securities: 740,000 shares of Common
Stock of The West Ohio Gas Company. ("Common Stock").
2. Issue, renewal or guaranty: Issue.
3. Principal amount of each security: $5 par value per share of
Common Stock.
4. Rate of interest per annum of each security: Not Applicable.
5. Date of issue, renewal or guaranty of security:
December 31, 1993.
6. If renewal of security, give date of original issue: Not
Applicable.
7. Date of maturity of each security: Not Applicable.
8. Name of the person to whom each security was issued, renewed
or guaranteed.
Consolidated Natural Gas Company.
9. Collateral given with each security, if any: None.
10. Consideration received for each security:
$5 per share or $3,700,000 total consideration.
<PAGE> 2
Exhibit A-1
11. Application of proceeds of each security.
To meet long-term financing requirements of the West Ohio Gas
Company.
12. The issue, renewal or guaranty of each security was exempt
from the provisions of Section 6(a) because of the provisions
contained in any rule of the Commission other than Rule U-48.
13. If the security or securities were exempt from the provisions
of Section 6(a) by virtue of the first sentence of Section 6(b),
give the figures which indicate that the security or securities
aggregate (together with all other than outstanding notes and
drafts of a maturity of nine months or less, exclusive of days of
grace, as to which such company is primarily or secondarily
liable) not more than 5 per centum of the principal amount and par
value of the other securities of such company then outstanding.
(Demand notes, regardless of how long they may have been
outstanding, shall be considered as maturing in not more than nine
months for purposes of the exemption from Section 6(a) of the Act
granted by the first sentence of Section 6(b)).
Not Applicable.
14. If the security or securities are exempt from the provisions
of Section 6(a) because of the fourth sentence of Section 6(b),
name the security outstanding on January 1, 1935, pursuant to the
terms of which the security or securities herein described have
been issued.
Not Applicable
15. If the security or securities are exempt from the provisions
of Section 6(a) because of any rule of the Commission other than
Rule U-48 designate the rule under which exemption is claimed.
Rule 52.
THE WEST OHIO GAS COMPANY
By: H. P. Payne, Jr.
Its Attorney
Date: January 31, 1994
<PAGE> 1
Exhibit A-2
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-6B-2
Certificate of Notification
Filed By
THE PEOPLES NATURAL GAS COMPANY
This certificate is notice that the above named company has
issued, renewed or guaranteed the security or securities described
herein which issue, renewal or guaranty was exempted from the
provisions of Section 6(a) of the Act and was neither the subject of a
declaration or application on Form U-1 nor included within the
exemption provided by Rule U-48.
1. Type of the security or securities: 232,000 shares of Common
Stock of The Peoples Natural Gas Company. ("Common Stock").
2. Issue, renewal or guaranty: Issue.
3. Principal amount of each security: $100 par value per share
of Common Stock.
4. Rate of interest per annum of each security: Not Applicable.
5. Date of issue, renewal or guaranty of security:
December 31, 1993.
6. If renewal of security, give date of original issue: Not
Applicable.
7. Date of maturity of each security: Not Applicable.
8. Name of the person to whom each security was issued, renewed
or guaranteed.
Consolidated Natural Gas Company.
9. Collateral given with each security, if any: None.
10. Consideration received for each security:
$100 per share or $23,200,000 total consideration.
<PAGE> 2
Exhibit A-2
11. Application of proceeds of each security.
To meet long-term financing requirements of the West Ohio Gas
Company.
12. The issue, renewal or guaranty of each security was exempt
from the provisions of Section 6(a) because of the provisions
contained in any rule of the Commission other than Rule U-48.
13. If the security or securities were exempt from the provisions
of Section 6(a) by virtue of the first sentence of Section 6(b),
give the figures which indicate that the security or securities
aggregate (together with all other than outstanding notes and
drafts of a maturity of nine months or less, exclusive of days of
grace, as to which such company is primarily or secondarily
liable) not more than 5 per centum of the principal amount and par
value of the other securities of such company then outstanding.
(Demand notes, regardless of how long they may have been
outstanding, shall be considered as maturing in not more than nine
months for purposes of the exemption from Section 6(a) of the Act
granted by the first sentence of Section 6(b)).
Not Applicable.
14. If the security or securities are exempt from the provisions
of Section 6(a) because of the fourth sentence of Section 6(b),
name the security outstanding on January 1, 1935, pursuant to the
terms of which the security or securities herein described have
been issued.
Not Applicable
15. If the security or securities are exempt from the provisions
of Section 6(a) because of any rule of the Commission other than
Rule U-48 designate the rule under which exemption is claimed.
Rule 52.
THE PEOPLES NATURAL GAS COMPANY
By: H. P. Payne, Jr.
Its Attorney
Date: January 31, 1994
<PAGE> 1
Exhibit A-3
Before
THE PUBLIC UTILITIES COMMISSION OF OHIO
In the Matter of the Application : CASE NO: 93-l080-GA-AIS
of West Ohio Gas Company for :
Authority to Issue and Sell : APPLICATION OF WEST
Capital Stock with an Aggregate : OHIO GAS COMPANY
Par Value of $3,700,000 :
_______________________________________________________________
The Applicant, West Ohio Gas Company ("West Ohio"), is a
corporation duly authorized to transact business in the State of Ohio;
is a public utility within the meaning of Section 4905.02 of the Ohio
Revised Code; is engaged in the business of supplying natural gas to
consumers in 35 towns and contiguous rural area in 8 counties in
northwestern Ohio and is subject to the jurisdiction of this
Commission. West Ohio is a wholly-owned subsidiary of Consolidated
Natural Gas Company ("Consolidated"), a Delaware corporation.
For its application to the Commission for consent and authority
to issue its capital stock, West Ohio States the following:
1. On April 30, 1993, West Ohio's parent company, Consolidated,
filed with the Securities and Exchange Commission its
Application-Declaration for its 1993 and early 1994 system financing
program
(Form U-1). Among other things, said Application-Declaration
described Consolidated's intention to make open account advances to
and purchases of capital stock from its subsidiary companies from time
to time in 1993 and through June 30, 1994. West Ohio hereby seeks
authorization to issue and sell 740,000 shares of West Ohio's capital
stock, at its $5 par value, with an aggregate dollar value of
$3,700,000. Said purchase would occur under an exemption pursuant to
Rule 52 under the Public Utility Holding Company Act of 1935. Said
capital stock will be issued by West Ohio to Consolidated as called
<PAGE> 2
for from time to time through June 1994, by the Treasurer of West
Ohio.
2. The purpose of the issuance and sale of the capital stock by
West Ohio is to reduce short term debt, to finance capital
expenditures and to provide funds for the acquisition of property and
the construction, completion, extension, renewal or improvement of
West Ohio's facilities and for the improvement of West Ohio's service
to its customers.
3. West Ohio will incur no cost in connection with the issuance
and sale of said capital stock, except the relatively insignificant
cost associated with the preparation and filing of this Application.
4. The effect on revenue requirements for West Ohio resulting
from the issuance and sale of up to $3,700,000 in capital stock to
Consolidated will be reflected in the determination of the required
amount of revenue in a rate proceeding where all factors affecting
rates are taken into account according to law.
5. West Ohio will report to this Commission as soon as
reasonably practicable, the issuance and sale of the capital stock
referred to in paragraph 1 above, setting forth the number of shares
sold.
6. The following exhibits are attached hereto and made a part
hereof:
a. Exhibit A - Balance Sheet of West Ohio as May 3l, 1993.
b. Exhibit B - Pro forma balance sheet of West Ohio as of
May 31, 1993, reflecting the requested issuance of capital stock.
c. Exhibit C - Income Statement showing their results of
West Ohio's operation for the twelve month period ended May 31,
1993.
<PAGE> 3
7. The capital stock transactions and procedures described
herein are the customary ones utilized by West Ohio and other
Consolidated system companies.
WHEREFORE, West Ohio respectfully requests:
a) That the Commission grant West Ohio its consent and
authority to issue and sell to Consolidated up to 740,000 shares
of capital stock, at $5 par value, with an aggregate dollar value
of up to $3,700,000, resulting in a total common stockholders'
equity-common stock for West Ohio of $8,688,415;
b) That with respect to the proposed issuance of capital
stock, the Commission make the appropriate findings under Section
4905.40 (F) of the Ohio Revised Code;
c) That the Commission retain jurisdiction for the purpose
of receiving and reviewing the reports to be filed by West Ohio
pursuant to Paragraph 5 hereof; and
d) That the Commission make further orders and grant West
Ohio such other further authority and relief in connection with
this Application as may be just and proper.
WEST OHIO GAS COMPANY
By M. KATHLEEN VUCHETICH
Vice president and General Manager
By JAMES A. GRONE
Secretary
By______________________________
Donald J. Witter #0010539
Counsel for West Ohio Gas Company
Cory, Meredith, Witter, Roush & Cheney
607 Savings Building, P. 0. Box 1217
Lima, Ohio 45802-1217
(419) 228-6365
<PAGE> 4
STATE OF OHIO, COUNTY OF ALLEN, SS:
M. KATHLEEN VUCHETICH and JAMES A. GRONE, being first duly sworn,
depose and state that they are the Vice President and General Manager
and Secretary, respectively, of West Ohio Gas Company, applicant
herein, and that the statements and averments contained in the
foregoing Application are true as each verily believes.
___________________________
M. KATHLEEN VUCHETICH
___________________________
JAMES A. GRONE
Sworn to before me and subscribed in my presence by the said M.
KATHLEEN VUCHETICH and JAMES L. GRONE, this ____ day of June, 1993.
DONALD J. WITTER
Notary Public, State of Ohio
My Commission has no
Expiration Date
Section 147.03,
Ohio Revised Code
<PAGE> 1
BEFORE THE PUBLIC UTILITIES COMMISSION OF OHIO
In the Matter of the Application of )
WEST OHIO GAS COMPANY for Authority ) Case No. 93-l080-GA-AIS
to Issue and Sell Capital Stock with an )
Aggregate Par Value of $3,700,000. )
FINDING AND ORDER
_________________
The Commission finds:
(1) Applicant, West Ohio Gas Company, is an Ohio corporation and a
public utility as defined in Sections 4905.02 and 4905.03
(A)(6), Revised Code, and is subject to the jurisdiction of this
Commission.
(2) This Application complies with the provisions of Sections
4905.40 and 4905.41, Revised Code.
(3) Applicant proposes to issue and sell, from time to time, through
June 30, 1994, to its parent company, Consolidated Natural Gas
Company ("Consolidated"), 740,000 shares of its Capital Stock,
at $5 par value per share, with an aggregate value of $3.7
million (the "Stock"), pursuant to the terms and conditions as
set forth in the Application and Exhibits.
(4) The proceeds form the issuance of the Stock will be used to
repay the Company's short-term debt, to finance capital
expenditures and to provide funds for the acquisition,
improvement and renewal of its facilities.
(5) The principal amount of the Stock, the probable cost, and other
terms do not appear to be unjust or unreasonable.
(6) The effect of the issuance of the Stock on the Applicant's
revenue requirements will be considered in the determination of
required revenues in rate case proceedings in which all factors
affecting rates are taken into account according to law.
(7) Based on information contained in the Application and Exhibits
thereto, the purposes to which the proceeds from the Stock shall
be applied appear to be reasonably required by the Applicant to
meet its present and prospective obligations to provide utility
service and the Commission is satisfied that consent and
authority should be granted.
It is, therefore,
<PAGE> 2
Case No. 93-1080-GA-AIS
ORDERED, That West Ohio Gas Company is authorized to issue and
sell, from time to time, through June 30, 1994, to its parent company,
Consolidated Natural Gas Company, 740,000 shares of its Capital Stock,
at $5 par value per share, with an aggregate value of $3.7 million,
pursuant to the terms and conditions substantially as set forth in the
Application and Exhibits. It is, further,
ORDERED, That after the shares of the Stock authorized by this
Order are issued, Applicant shall report to this Commission the terms
and full particulars regarding the issuance of the Stock. It is,
further,
ORDERED, That the proceeds from the issuance of the Stock shall
be used for the purposes set forth in this Order and otherwise
pursuant to Section 4905.40, Revised Code. It is, further,
ORDERED, That nothing in this Order shall be construed to imply
any guaranty or obligation as to the Stock, or the dividend thereon,
on the part of the State of Ohio. It is, further,
ORDERED, That nothing in this Order shall be construed to imply
any guaranty or obligation by the Commission to assure completion of
any specific construction project of the Applicant. It is, further,
ORDERED, That nothing in this Order shall be deemed to be binding
upon this Commission in any future proceeding or investigation
involving the justness or reasonableness of any rate, charge, rule or
regulation. It is, further,
ORDER, That a copy of this Order be served upon all parties of
record.
THE PUBLIC UTILITIES COMMISSION OF OHIO
_____________________________
Craig A. Glazer, Chairman
_____________________________ ____________________________
J. Michael Biddison Jolynn Barry Butler
_____________________________ ____________________________
Richard M. Fanelly David W. Johnson
<PAGE> 1
Exhibit A-4
BEFORE
PENNSYLVANIA PUBLIC UTILITY COMMISSION
______________________________________________
:
In Re: :
:
Securities Certificate of : SECURITIES
THE PEOPLES NATURAL GAS COMPANY : CERTIFICATE
in the matter of the issuance oF : NO. ___
500,000 shares of Common Stock with : 1993
a par value of $100 per share, :
aggregate par value of $50,000,000 :
______________________________________________
TO PENNSYLVANIA PUBLIC UTILITY COMMISSION:
1. The name and address of the public utility filing this
Securities Certificate is The Peoples Natural Gas Company, 625
Liberty Avenue, Pittsburgh, Pennsylvania 15222.
2. The name and address of The Peoples Natural Gas Company's
attorney is Susan G. George, The Peoples Natural Gas Company, 625
Liberty Avenue, Pittsburgh, Pennsylvania 15222.
3. The Peoples Natural Gas Company is a corporation
originally incorporated on June 26, 1885, under the Act of
Assembly approved May 29, 1885, P.L. 29, and operating since
December 4, 1978, under the Business Corporation Law, Act of
Assembly of May 5, 1933, F.L. 364, as amended. The present
corporation results from a consolidation of said corporation with
the Columbia Natural Gas Company made effective by Letters Patent
issued by the Governor of the Commonwealth of Pennsylvania on
December 31, 1938. The corporation has a perpetual charter, and
it is vested with authority to produce, purchase, and transport
natural gas in the territory and along the pipeline routes
described in its original certificate of incorporation and the
various consolidation agreements and amendments on file in the
<PAGE> 2
office of the Secretary of the Commonwealth and to store and
supply natural gas and render natural gas service to the public in
the counties of Allegheny, Armstrong, Beaver, Butler, Greene,
Indiana, Laurence, Mercer, Somerset, Venango, Washington, and
Westmoreland and parts of the counties of Blair, Cambria, Clarion,
Fayette, Huntingdon, and Jefferson. It actually furnishes natural
gas service to the public in cities, towns, villages, or
communities in all of the above-named counties except Huntingdon
and Jefferson, in territory more fully described in its Tariff
Gas--Pa. PVC No. 42, pages 7-7E, to which reference is hereby
made.
4. The Peoples Natural Gas Company is controlled directly by
Consolidated Natural Gas Company, which now owns and holds all of
the outstanding capital stock of The Peoples Natural Gas Company.
5. The Peoples Natural Gas Company proposes to issue
$50,000,000 in securities described as follows:
500,000 shares of capital stock of the par value of $100
each with full voting powers. The shares will be issued and
sold to Consolidated Natural Gas Company from time to time,
carrying the same rights and privileges in all respects
identical with the capital stock of the Company now
outstanding and with such rights as are inherent to the
ownership of capital stock carrying no express qualifications
or restrictions under the laws of Pennsylvania.
<PAGE> 3
6. The Peoples Natural Gas Company proposes to dispose of
the securities in the following manner:
500,000 shares of capital stock will be issued to
Consolidated Natural Gas Company upon receipt of the sum of
$50,000,000 in cash. No expenses will be incurred other than
those incidental to the making and filing of this Securities
Certificate and the preparation, filing, and prosecution of
statements, applications, and declarations to your Commission
and to the Securities and Exchange Commission. All work for
The Peoples Natural Gas Company will be done by officers,
employees, and full-time retained attorneys so that no
special fees are to be paid to anyone. The issuance of
500,000 shares of capital stock proposed herein is within the
limits specified in a certificate which authorized increase
of capital stock upon written consent of the stockholders
filed in the office of the Secretary of the Commonwealth in
accordance with the provisions of the Act of February 9,
1901, F.L. 3, Section 3, as amended, 15 P.S. 683. There will
be no printing expense or underwriting or brokerage
commissions.
7. The purpose for which The Peoples Natural Gas Company
proposes to issue these securities is:
The first need is to provide cash to pay for additions,
replacements, and improvements to be made to its plant in the
periods 1993 and 1994. The Company's plant budget for the
year 1993 for additions, improvements, and replacements
totaling $28,920,000 is shown in detail in Exhibit L attached
hereto.
The plant budget is summarized as follows:
1993 Plant Budget
(000s Omitted)
Normal Programs
_________________________ Major
System Additions Replacements Projects Total
______ _________ ____________ ________ _______
Production $ 200 $ 1,025 $ 0 $ 1,225
Storage 235 615 2,015 2,865
Transmission 325 1,415 1,100 2,840
Distribution 800 12,330 7,500 20,630
General 695 300 1,360
_______ _______ _______ _______
$ 1,925 $16,080 $10,915 $28,920
<PAGE> 4
Construction expenditures of $16,515,000 are for replacements
and relocation of properties to be retired having an estimated
original cost value of $3,205,000. Net dismantling costs on these
retirements are estimated to be $593,000. Depreciation accruals
by the Company for the year 1993 are estimated at $16,982,000.
Pending CNG approval, the forecasted 1994 budget is summarized
as follows:
1994 Forecasted Plant
(000s Omitted)
Normal Programs
_________________________ Major
System Additions Replacements Projects Total
______ _________ ____________ ________ _______
Production $ 240 $ 1,025 $ 0 $ 1,265
Storage 470 450 680 1,600
Transmission 150 1,525 0 1,675
Distribution 1,245 13,566 9,470 24,281
General 870 1,630 2,275 4,775
_______ _______ _______ _______
$2,975 $18,196 $12,425 $33,596
The following is a tabulation of the pertinent
information in connection with the Company's capital structure at
June 30, 1993:
Gas Plant June 30, 1993 $ 592,079,950
Gas Stored Underground -
Noncurrent $ 1,799,437
_____________
Subtotal $ 593,879,387
Accumulated Provision for
Depletion $ 204,868,868
Net Utility Plant
(Exhibit A) $ 389,010,519
<PAGE> 5
Working Capital
Operating Expense
(45 days' expenses based
on 12 months ended
June 30, 1993, exclusive
of depreciation,
depletion, and income
taxes but including Gas
Purchased) $ 33,411,905
Materials and Supplies
(Average of 13 months'
balances ended June 30,
1993) $ 3,676,208
Stored Gas (Average of
13 months' balances ended
June 30, 1993, Current) $ 10,028,828
Capital Stock Outstanding
June 30, 1993 $124,335,000
Long-Term Debt - June 30,
1993 - Securities
Certificates:
See Exhibit E for detail
of amounts outstanding
under Securities
Certificates $ 95,381,750 $ 219,716,750
____________ _____________
8. A joint application and declaration has been filed by
Consolidated Natural Gas Company and The Peoples Natural Gas
Company with the Securities and Exchange Commission with respect
to the securities herein proposed to be issued. The matter has
been approved by the Securities and Exchange Commission. The
express authorization is subject to approval from the Pennsylvania
Public Utility Commission as stated in Exhibit H, Amendment No. 2,
Section P, Utility Company Financing.
<PAGE> 6
9. There is appended to and made a part hereof the
following:
A. A balance sheet of The Peoples Natural Gas Company
as of June 30, 1993, as Exhibit "A."
B. An income statement of The Peoples Natural Gas
Company for the 12 months ended June 30, 1993, as Exhibit
"B."
C. A statement of plant accounts as of June 30, 1993,
as Exhibit "C." These accounts are supported by an original
cost study filed October 10, 1941, in answer to the
Commission's Order No. 55, which was audited by the
Commission in 1947.
D. A statement of securities of other corporations owned
by The Peoples Natural Gas Company as of June 30, 1993, as
Exhibit "D."
E. A statement of outstanding long-term notes of The
Peoples Natural Gas Company as of June 30, 1993, as Exhibit
"E."
F. A statement showing the status of outstanding
capital stock of The Peoples Natural Gas Company as of June
30, 1993, Exhibit "F."
G. The security transaction herein involved is not a
public offering, and as applicant is informed, believes, and
therefore avers, the Securities Act of 1933 is not
applicable.
<PAGE> 7
H. A copy of the joint declaration and application
filed by Consolidated Natural Gas Company and The Peoples
Natural Gas Company with the Securities and Exchange
Commission in respect to the proposed issuance of securities,
pursuant to the Holding Company Act of 1935, is furnished in
part. The complete filing will be furnished, if requested.
I. A copy of the resolution of the Board of Directors
of The Peoples Natural Gas Company authorizing the proposed
issuance of securities as Exhibit "I."
J. A copy of the form of stock certificate herein
proposed to be issued as Exhibit "J."
K. A statement showing, in journal entry form, all
charges and credits to be made on the books of account of The
Peoples Natural Gas Company as a result of the issuance of
securities herein proposed as Exhibit "K."
L. Summary statement of 1993 Actual Plant Budget as
Exhibit "L."
WHEREFORE, The Peoples Natural Gas Company prays your
Honorable Commission to register this Securities Certificate
pursuant to Article VI of the Public Utility Law, as amended.
THE PEOPLES NATURAL GAS COMPANY
Treasurer
Dated this 29th day
of October, 1993
<PAGE 1>
COMMONWEALTH OF PENNSYLVANIA
PENNSYLVANIA PUBLIC UTILITY COMMISSION
P.O. BOX 3265, HARRISBURG, PA 17150-3265
TO REPLY PLEASE
REFER TO OUR FILE
NOVEMBER 10, 1993
S-00930392
SUSAN G GEORGE ESQUIRE
THE PEOPLES NATURAL GAS COMPANY
625 LIBERTY AVENUE
PITTSBURGH PA 15222-3197
Securities Certificate of The Peoples Natural Gas Company
for the issuance of common stock having an aggregate par value of
$50 million.
__________________
To Whom It May Concern:
This is to advise you that an Opinion and Order has been
adopted by the Commission in Public Meeting on November 10, 1993
in the above entitled proceeding.
An Opinion and Order has been enclosed for your records.
Very truly yours,
John G. Alford, Secretary
smk
Encls.
Cert.Mail
<PAGE> 2
PENNSYLVANIA
PUBLIC UTILITY COMMISSION
Harrisburg, PA 17105-3265
Public Meeting held November 10, 1993
Commissioners Present:
David W. Rolka, Chairman
Joseph Rhodes, Jr. Vice-Chairman
John M. Quain
Lisa Crutchfield
John Hanger
Securities Certificate of The Peoples
Natural Gas Company for the issuance of
common stock having an aggregate par
value of $50 million
S-930392
OPINION AND ORDER
BY THE COMMISSION:
On October 8, 1993, The Peoples Natural Gas Company (Peoples)
filed for registration pursuant to Chapter 19 of the Public Utility
Code, 66 C.S. Subsection 1901, ET SEQ., a securities certificate for
the issuance of common stock having an aggregate par value of $50
million. At Public Meeting on October 28, 1993, the Commission
extended the statutory consideration period until November 12, 1993.
Peoples proposes to issue and sell to its parent,
Consolidated Natural Gas Company (Consolidated), 500,000 shares of
common stock at the par value of $100 each. The stock will be
issued from time to time prior to December 31, 1995. The proceeds
will be used to pay for additions, replacements, and improvements
<PAGE> 3
to Peoples' plant during the years 1993 and 1994 and to repay
short-term debt incurred for such expenditures.
The Commission has examined this securities certificate and
has determined that the proposed issuance of common stock appears to
be necessary or proper for the present and probable future capital
needs of the utility and that the securities certificate should be
registered; THEREFORE,
IT IS ORDERED:
That the securities certificate of the Peoples Natural Gas
Company for the issuance of commons stock having an aggregate par
value of $50 million is hereby registered.
BY THE COMMISSION
John Alford
Secretary
(SEAL)
ORDER ADOPTED: November 10, 1993
ORDER ENTERED: NOVEMBER 10 1993
