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File Number 70-8599
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
AMENDMENT NO. 3
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
(registered holding company and
parent of the other party)
CONSOLIDATED SYSTEM LNG COMPANY
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 Service Company, Inc.
CNG Tower
625 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3199
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 70-8599
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 3 TO
DECLARATION UNDER THE PUBLIC UTILITY
HOLDING COMPANY ACT OF 1935
Consolidated Natural Gas Company et al. hereby amend
their Declaration under the above file number as follows:
Item 1. Description of Proposed Transaction
___________________________________
Please insert the following paragraphs on page 9,
before "Item 2. Fees, Commission, and Expenses."
Rule 53 Satisfied
_________________
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, 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 hold an interest, thereby satisfying Rule
53(a)(2). Employees of Consolidated's domestic public-
utility companies do not render services, directly or
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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
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.
SIGNATURES
Pursuant to the requirements of the Public Utility
Holding Company Act of 1935; the undersigned companies have duly
caused this statement to be signed on their respective behalf by
the undersigned thereunto duly authorized.
CONSOLIDATED NATURAL GAS COMPANY
CONSOLIDATED SYSTEM LNG COMPANY
By J. M. Hostetler
Their Attorney
Dated: August 25, 1995
