<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________
: CERTIFICATE
CONSOLIDATED NATURAL GAS COMPANY : of
Pittsburgh, Pennsylvania : NOTIFICATION
: NO. 15
CNG POWER COMPANY (Formerly, :
CNG Energy Company) : TRANSACTIONS
: DURING PERIOD
File No. 70-7845 : _____________
:
(Public Utility Holding Company Act of 1935) : January 1, 1996
: through
: March 31, 1996
____________________________________________ :
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 for the quarterly period is as follows.
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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 Power 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 Power 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>
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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 30th day
of April, 1996
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Exhibit A
CNG Power Company
Balance Sheet
March 31, 1996 (Unaudited) (1)
(Thousands of Dollars)
CNG Power NGV
Assets Company Division
______ __________ __________
Property, plant & equipment
Total Investment 6,485 -
Less accumulated depreciation 2,083 -
_________ _________
Net property, plant & equipment 4,402 0
Cash 67
- -
Accounts Receivable 16,241 -
Inventories 25 -
Investments 39,256 -
Deferred Charges 0 -
_________ _________
Total Assets 59,991 0
========= =========
Stockholders Equity & Liabilities
_________________________________
Capitalization
Common stock 22,460 -
Retained earnings 7,584 (6)
_________ _________
Total common stockholders equity 30,044 (6)
Long-term notes payable to parent company 13,083 -
_________ _________
Total capitalization 43,127 (6)
Total current liabilities 3,168 6
Accumulated deferred income taxes 13,696 -
_________ _________
Total stockholder's equity and
liabilities 59,991 0
========= =========
(1) This balance sheet has not been audited by the Company's independent
auditors.
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Exhibit B
CNG Power Company
Income Statement
March 31, 1996 (Unaudited) (1)
(Thousands of Dollars)
CNG Power NGV
Company Division
__________ __________
Total operating revenues 4,245 -
Total operating expenses 3,339
_________ _______
Operating income before taxes 906 0
Total estimated income taxes 520 -
_________ _______
Operating income (386) 0
Other income 879 -
Interest charges 305 -
_________ _______
Net income 960 0
========= =======
(1) This income statement has not been audited by the Company's independent
auditors.
