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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________
CONSOLIDATED NATURAL GAS COMPANY : CERTIFICATE
Pittsburgh, Pennsylvania : of
: NOTIFICATION
CNG COAL COMPANY : NO. 4
CNG PRODUCING COMPANY :
CNG PIPELINE COMPANY : TRANSACTIONS
CNG RESEARCH COMPANY : DURING PERIOD
CNG STORAGE SERVICE COMPANY : _____________
CNG ENERGY SERVICES CORPORATION :
(Formerly CNG GAS SERVICES CORPORATION : April 1, 1995
CNG TRANSMISSION CORPORATION : through
CONSOLIDATED NATURAL GAS SERVICE : June 30, 1995
COMPANY, INC. :
CONSOLIDATED SYSTEM LNG COMPANY :
HOPE GAS, INC. :
THE EAST OHIO GAS COMPANY :
THE PEOPLES NATURAL GAS COMPANY :
VIRGINIA NATURAL GAS INC. :
WEST OHIO GAS COMPANY :
:
File No. 70-8415 :
:
(Public Utility Holding Company Act of 1935) :
____________________________________________ :
TO THE SECURITIES AND EXCHANGE COMMISSION:
By Order dated June 27, 1994 (HCAR No. 26072), 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, 1995.
This Certificate is filed in accordance with Rule 24, as a notification
that of the various transactions authorized by the Order, the following have
been carried out in accordance with the terms and conditions of and for the
purposes represented by the Application-Declaration and the Order:
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1. Sale of Commercial Paper.
During the period, Consolidated issued and sold commercial paper. The
maximum amount of Consolidated's commercial paper outstanding at any time
during this period ended June 30, 1995, was $294,000,000 principal amount.
Amount Outstanding - June 30, 1995 - $145,000,000
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 no long-term notes were issued to the subsidiaries.
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5. Sales of Capital Stock by Subsidiaries.
The following capital stock sales occurred during the period:
Par
Shares Value Amount
_______ _______ ___________
CNG Research Company 10 $10,000 $ 100,000
The "past tense" opinion required by paragraph F(2) of the instructions
as to exhibits for Form U-1 is attached.
CONSOLIDATED NATURAL GAS COMPANY
CNG COAL COMPANY
CNG PRODUCING COMPANY
CNG PIPELINE COMPANY
CNG RESEARCH COMPANY
CNG STORAGE SERVICE COMPANY
CNG ENERGY 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
VIRGINIA NATURAL GAS INC.
WEST OHIO GAS COMPANY
J. M. Hostetler
Their Attorney
Dated this 28th day
of July, 1995
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July 31, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
RE: Consolidated Natural Gas Company et al.
S.E.C. File No. 70-8415
Dear Sirs:
This "past tense" opinion is rendered pursuant to the requirements of
Paragraph F(2) of the instructions as to exhibits to Form U-1 of the Securities
and Exchange Commission ("Commission") with respect to the transactions
described in the above-captioned joint application ("Joint Application-
Declaration").
In rendering this opinion, I have examined:
1. The certificates of notification heretofore filed and Certificate of
Notification No. 4 filed concurrently herewith pursuant to Rule 24 with
respect to:
A. the delivery to Consolidated Natural Gas Company ("Consolidated")
by each of the following subsidiaries of nonnegotiable, long-term
notes in the following amounts in payment of loans:
Hope Gas, Inc. $ 6,419,500
CNG Transmission Corporation 27,000,000
West Ohio Gas Company 2,250,000
B. the issuance and sale by the following subsidiaries and purchase by
Consolidated, of the aggregate par value of their capital stock, as
follows:
CNG Transmission Corporation $90,000,000
Hope Gas, Inc. 900,000
The Peoples Natural Gas Company 18,000,000
West Ohio Gas Company 4,900,000
CNG Research Company 100,000
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C. the issuance and sale by Consolidated of short-term commercial
paper, the maximum amount outstanding at any one time during the
period being $614,400,000.
(The transactions above-described in subparagraphs A through C are
herein collectively referred to as the "Transactions.")
2. The Joint Application-Declaration, as amended, of Consolidated and its
subsidiaries aforementioned at File No. 70-8415.
3. The Order of the Commission dated June 27, 1994, HCAR No. 26072,
granting and permitting the Joint Application-Declaration, to become
effective insofar as it is related to the Transactions; and
Based upon the foregoing, including the opinions heretofore filed with the
Joint Application-Declaration, and relying thereon, I am of the opinion that:
(1) Consolidated and the aforementioned subsidiary companies are validly
organized and duly existing corporations.
(2) all state laws applicable to the transactions have been complied with;
(3) Consolidated has legally acquired the nonnegotiable, long-term notes of
the respective subsidiaries, as described in paragraph 1.A above, and
said notes are, in accord with their terms, legal and binding
obligations of the respective subsidiaries;
(4) Consolidated has legally acquired the capital stock of the respective
subsidiaries, as described in paragraph 1.B above, said stock is
validly issued, fully paid and nonassessable, and Consolidated, as the
holder thereof, is entitled to the rights and privileges appertaining
thereto as set forth in the certificates of incorporation of the
respective issues of said stock;
(5) the short-term commercial paper notes issued by Consolidated were valid
and binding obligations of Consolidated in accordance with their terms;
(6) the consummation of the transactions did not violate the legal rights
of the holders of securities issued by Consolidated, or any associate
thereof, and
(7) the transactions have been carried out in accordance with the
provisions of the Joint Application-Declaration and the related orders
of the Commission.
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I hereby consent to the filing of the opinion with the Commission
concurrently with Certificate of Notification No. 4.
Very truly yours,
J. M. Hostetler