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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________
:
In the Matter of : CERTIFICATE
: of
CONSOLIDATED NATURAL GAS COMPANY : NOTIFICATION
Pittsburgh, Pennsylvania : NO. 1
: ____________
CNG FINANCIAL SERVICES, INC. :
File No. 70-7508 :
: TRANSACTIONS
(Public Utility Holding Company Act of 1935) DURING PERIOD
____________________________________________ January 1, 1995
through
March 31, 1995
TO THE SECURITIES AND EXCHANGE COMMISSION:
By Order dated February 23,1995 (HCAR No. 26234) in the above-captioned
proceeding, the Securities and Exchange Commission permitted the
Application-Declaration of Consolidated Natural Gas Company ("Consolidated")
and CNG Financial Services, Inc. ("CNGF") to become effective. The
authorization allows CNGF to finance the purchase by others of certain types of
gas equipment. The types of gas equipment are as follows: (1) standard gas
appliances; (2) new technology equipment such as heat pumps, air conditioning
and turbines fueled by natural gas; and (3) alternate fuel equipment which
allows the use of natural gas instead of coal or some other fuel. Also,
Consolidated was authorized to provide CNGF with up to an aggregate of $25
million in funds, on a revolving basis, through December 1998, to enable CNGF
to make gas equipment financing loans to customers. Consolidated can fund CNGF
by (1) purchasing CNGF common stock, $10,000 par value, (2) providing open
account advances to CNGF, or (3) providing long term loans to CNGF.
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This Certificate is filed pursuant to Rule 24 as a notification that during
this period the following transactions occurred:
(1) Amount and Source of Funding of CNGF by Consolidated during the Quarter
and Cumulatively:
None to date.
(2) Repayments by CNGF to Consolidated During the Quarter and Net
Cumulative Outstanding Borrowings as of the end of the Quarter:
None.
(3) Sales on Repurchases of Common Stock During the Quarter by CNGF (and
the terms of such) and total number of treasury shares held by CNGF as
of the Quarter's end:
None.
(4) Gas Equipment Financed During the Quarter:
Standard Appliances Customer Loan Amount Revenue
___________________ ________ ___________ _______
None.
New Technology Equipment Customer Loan Amount Revenue
________________________ ________ ___________ _______
None.
Alternate Fuel Equipment Customer Loan Amount Revenue
________________________ ________ ___________ _______
None.
(5) Total Loans and Financing Revenues:
None.
(6) Balance Sheet and Income Statement for CNGF as of the end of the
Quarter:
None.
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The "past-tense" opinion required by paragraph F(2) of the instructions as
to exhibits for Form U-1 will be filed when all transactions authorized
pursuant to the Order have been consummated.
CONSOLIDATED NATURAL GAS COMPANY
CNG FINANCIAL SERVICES, INC.
By J. M. Hostetler
Its Attorney
Dated this 15th day
of May, 1995
