<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________
: CERTIFICATE
CONSOLIDATED NATURAL GAS COMPANY, et al. : of
Pittsburgh, Pennsylvania : NOTIFICATION
: NO. 3
:
: TRANSACTIONS
: DURING PERIOD
File No. 70-8447 : _____________
:
(Public Utility Holding Company Act of 1935) : July 1, 1995
: through
: December 31, 1995
____________________________________________ :
TO THE SECURITIES AND EXCHANGE COMMISSION:
By Order dated October 21, 1994, HCAR No. 26148, the Securities and
Exchange Commission permitted the Application-Declaration of Consolidated
Natural Gas Company, et al. ("Consolidated"), to become effective, thereby
authorizing Consolidated to provide its subsidiary, CNG Power Company ("CNG
Power") up to $2,000,000 in financing through July 1, 2004, to be used by CNG
Power to invest in CNG Market Center Services, Inc. ("CNGMC"). (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.
CNGMC -- a special purpose, wholly-owned subsidiary of CNG Power -- owns a
50% general partnership interest in CNG/Sabine Center, the Delaware partnership
operating a market center or "super-hub" which offers services at points along
the 7,400 mile pipeline system of CNG Transmission Corporation (Consolidated's
wholly-owned pipeline subsidiary). The other 50% general partnership interest
is owned by Sabine Hub Services Company, a wholly-owned subsidiary of Texaco,
Inc.
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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 required by the Order for the semi-annual period ending December 31,
1994 is as follows:
(i) The balance sheet and income statement, as of the end of the reporting
period and for such period, for CNGMC, are filed as Exhibits A and B.
(ii) Description of CNGMC Activities for the Period.
The CNG/Sabine Center began operations on November 1, 1994. The
number of customers and volumes continue to increase. The Center
averaged 110,000 dekatherms per day throughput during the reporting
period; peak-day throughput for the reporting period is 167,000
dekatherms.
For this reporting period's the Center's transactions consisted of
69% transmission or wheeling, 10% loaning; 17% parking, and 4%
intra-hub or title transfer services.
As of the current date, the Center has 93 customers under contract
representing about 20 Bcf of service since the start of operations.
While most of the Center's customers are natural gas marketers/traders
or producers, some are local gas distribution utilities.
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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 of the transactions authorized
pursuant to the Order have been consummated.
CONSOLIDATED NATURAL GAS COMPANY, et al.
J. M. Hostetler
Attorney
Dated this 9th day
of February, 1996
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Exhibit A
CNG Power Company
Balance Sheet
CNG Market Center Services, Inc.
December 31, 1995 (Unaudited) (1)
Assets CNGMC
______ __________
Property, plant & equipment
Total Investment --
Less accumulated depreciation --
Net property, plant & equipment --
Cash 682
Accounts Receivable --
Inventories --
Investments at Cost 303, 118
Deferred Charges --
________
Total Assets 303,800
========
Stockholders Equity & Liabilities
_________________________________
Capitalization
Common stock 100,000
Retained earnings (25,710)
________
Total common stockholders equity 74,290
Long-term notes payable to parent company --
________
Total capitalization 74,290
Total current liabilities 229,510
Accumulated deferred income taxes --
________
Total stockholder's equity and
liabilities $303,800
========
(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
CNG Market Center Services, Inc.
December 31, 1995 Year-to-Date (Unaudited) (1)
CNGMC
__________
Total operating revenues --
Total operating expenses 162,368
_________
Operating income before taxes (162,368)
Total estimated income taxes 5,000
_________
Operating income (167,368)
Other income 203,118
Interest charges --
_________
Net income 35,750
=========
(1) This income statement has not been audited by the Company's independent
auditors.
