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File Number 70-8601
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
AMENDMENT NO. 1
TO
FORM U-1
DECLARATION UNDER THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
By
THE EAST OHIO GAS COMPANY
1717 East Ninth Street
Cleveland, Ohio 44101-0759
a subsidiary of
CONSOLIDATED NATURAL GAS COMPANY
CNG Tower
625 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3199
(registered holding company and
the parent of the Declarant)
Names and addresses of agents for service:
Mike G. Bartels, Senior Vice President
The East Ohio Gas Company
1717 East Ninth Street
Cleveland, Ohio 44101-0759
J. M. Hostetler, Attorney
Consolidated Natural Gas Service Company, Inc.
CNG Tower
625 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3199
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File Number 70-8601
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 1 TO
DECLARATION UNDER THE PUBLIC UTILITY
HOLDING COMPANY ACT OF 1935
East Ohio hereby amends its Declaration under the above
file number as follows:
Item 1. Description of Proposed Transaction
___________________________________
1. Please insert the following paragraphs on page 5,
before "Item 2. Fees, Commissions, and Expenses."
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 Rule 53(a), (b)
and (c) are satisfied.
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Currently, East Ohio's parent, Consolidated, owns
indirectly a 1% general partnership and a 34% limited
partnership interest in Lakewood Cogeneration, L.P.
("Lakewood"), an EWG. The 1% general partnership
interest in Lakewood is owned by CNG Power Services
Corporation, an EWG and a wholly-owned subsidiary of
Consolidated. 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.
Fifty percent of Consolidated's retained earnings
as of December 31, 1994 was $734,740,000;
Consolidated's aggregate investment (as defined in Rule
53(a)(1)(i)) in Lakewood on such date and in both its
EWGs as of the date of filing of this Application-
Declaration 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 its EWGs 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 services, directly or
indirectly, to the EWGs in the Consolidated System,
thereby satisfying Rule 53(a)(3). No application for
EWG financing has been filed with the Commission since
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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.
2. Please insert the following sentences on page 3, at
the end of the paragraph which begins "East Ohio has signed ...."
Belden & Blake is not an affiliate of East Ohio, or any
other company in the Consolidated system. The
Agreement was negotiated at "arms-length," with the
sales price based on estimated oil and gas reserves of
9.5 Bcf. Additional factors in the sales price were
local gas market prices, future oil prices, discount
rates, rates of return and operating costs.
SIGNATURES
___________
Pursuant to the requirements of the Public Utility
Holding Company Act of 1935, the undersigned Company has duly
caused this statement to be signed on its behalf by the
undersigned thereunto duly authorized.
THE EAST OHIO GAS COMPANY
By W. F. Fritsche, Jr.
President
Dated: May 1, 1995
