<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________
: CERTIFICATE
CONSOLIDATED NATURAL GAS COMPANY : of
Pittsburgh, Pennsylvania : NOTIFICATION
: NO. 10
CNG POWER COMPANY (Formerly, :
CNG Energy Company) : TRANSACTIONS
: DURING PERIOD
File No. 70-7845 : _____________
:
(Public Utility Holding Company Act of 1935) : October 1, 1994
: through
: December 31, 1994
____________________________________________ :
TO THE SECURITIES AND EXCHANGE COMMISSION:
By Order dated August 27, 1992, HCAR No. 25615, the Securities and
Exchange Commission permitted the Application-Declaration of
Consolidated Natural Gas Company ("Consolidated") and its subsidiary,
CNG Power Company ("CNG Power"), to become effective, thereby
authorizing Consolidated to provide CNG Power up to $25,000,000 in
financing through December 31, 1997, to be used by CNG Power to
engage, through its NGV Division, in NGV activities (as defined in the
Application-Declaration). (As of January 16, 1995, CNG Energy Company
changed its name to CNG Power Company.) Such financing would be
provided by Consolidated through the purchase of CNG Power common
stock, the making of open account advances or the making of long-term
loans, in any combination thereof.
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. The reporting is for the
quarterly period ending December 31, 1994 and cumulatively, as
indicated.
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1. Financial Statements of CNG Power and Its NGV Division.
The balance sheet and income statement, as of the end of the
reporting period and for such period, for CNG Power and its NGV
Division, respectively, are filed as Exhibits A and B.
2. Revenues by LDC and Non-LDC States.
The NGV Division had the following revenues from LDC states
and non-LDC states (as such terms are defined in the
Application-Declaration):
For the Period Cumulative
______________ ____________
LDC States $ 0 $ 0
Non-LDC States 0 0
____________ ____________
Total $ 0 $ 0
============ ============
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<TABLE>
3. NGV Activities - Expenditures and Investments.
(a) Joint Investments:
<CAPTION>
Amount Invested
___________________________________________________________
Identity of By CNG Energy By Others Total
Investment Entity, ____________________ __________________ __________
________
Other Investors During During During
and Percentages Description the the the
of Participation of Activities Period Cumulative Period Cumulative Period Cumulative
__________________ ___________________ ______ __________ ______ __________ ______ __________
<C> <C> <C> <C> <C> <C> <C> <C>
None None $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
</TABLE>
<TABLE>
(b) Third Party Financing
<CAPTION>
Third Party Financing
____________________________________________________
Amount
Investment Entity in Which ______________________
CNG Energy Has a Direct or During
Indirect Ownership Interest the Period Cumulative Description of Terms
___________________________ __________ __________ ____________________
<C> <C> <C> <C>
None $ 0 $ 0 N/A
</TABLE>
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<TABLE>
(c) Financing Obtained by CNG Power from Consolidated to Engage in NGV Activities:
<CAPTION>
Open Account Advances Long-Term Loans Common Stock
__________________________ __________________________ __________________________
For the Period Cumulative For the Period Cumulative For the Period Cumulative
______________ __________ ______________ ___________ ______________ __________
<C> <C> <C> <C> <C> <C>
$ 0 $ 7,891 $ $ $ $
</TABLE>
<PAGE> 5
4. State Utility Commission Activity.
There have been no state utility commissions proceedings
concerning NGV Activities of CNG Power for the period.
5. Description of CNG Power's NGV Activities for the Period.
There have been no CNG Power NGV activities of any consequence
during the period.
The "past tense" opinion required by paragraph F(2) of the
instructions as to exhibits for Form U-1 will be filed when all of the
transactions authorized pursuant to said Order have been consummated.
CONSOLIDATED NATURAL GAS COMPANY
CNG ENERGY COMPANY
J. M. Hostetler
Their Attorney
Dated this 31st day
of January, 1995
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Exhibit A
CNG Power Company
December 31, 1994 (Unaudited) (1)
(Thousands of Dollars)
CNG Power NGV
Assets Company Division
______ __________ __________
Property, plant & equipment
Total Investment 6,390 -
Less accumulated depreciation 1,674 -
_________ _________
Net property, plant & equipment 4,716 0
Cash 155
-
Accounts Receivable 20,632 -
Inventories 325 -
Investments 32,473 -
Deferred Charges 169 -
_________ _________
Total Assets 58,470 0
========= =========
Stockholders Equity & Liabilities
_________________________________
Capitalization
Common stock 22,460 -
Retained earnings 2,084 (6)
_________ _________
Total common stockholders equity 24,544 (6)
Long-term notes payable to parent company 13,830 -
_________ _________
Total capitalization 38,374 (6)
Total current liabilities 9,901 6
Accumulated deferred income taxes 10,195 -
_________ _________
Total stockholder's equity and
liabilities 58,470 0
========= =========
(1) This balance sheet has not been audited by the Company's
independent auditors.
<PAGE> 2
Exhibit B
CNG Power Company
December 31, 1994 Year-to-Date (Unaudited) (1)
(Thousands of Dollars)
CNG Power NGV
Company Division
__________ __________
Total operating revenues 12,322 -
Total operating expenses 11,435
_________ _______
Operating income before taxes 887 0
Total estimated income taxes 923 -
_________ _______
Operating income (36) 0
Other income 2,525 -
Interest charges 964 -
_________ _______
Net income 525 0
========= =======
(1) This income statement has not been audited by the Company's
independent auditors.
