<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________ MASTER
CONSOLIDATED NATURAL GAS COMPANY : CERTIFICATE
Pittsburgh, Pennsylvania : of
: NOTIFICATION
CNG COAL COMPANY : NO. 3
CNG PRODUCING COMPANY :
CNG PIPELINE COMPANY : TRANSACTIONS
CNG RESEARCH COMPANY : DURING PERIOD
CNG STORAGE SERVICE COMPANY : _____________
CNG ENERGY SERVICES CORPORATION :
CNG POWER COMPANY : October 1, 1996
CNG TRANSMISSION CORPORATION : through
CNG PRODUCTS AND SERVICES, INC. : December 31, 1996
CNG MARKET CENTER SERVICES, INC. :
CNG FINANCIAL SERVICES, INC. :
CONSOLIDATED NATURAL GAS SERVICE :
COMPANY, INC. :
CONSOLIDATED SYSTEM LNG COMPANY :
HOPE GAS, INC. :
THE EAST OHIO GAS COMPANY :
THE PEOPLES NATURAL GAS COMPANY :
VIRGINIA NATURAL GAS INC. :
WEST OHIO GAS COMPANY :
:
File No. 70-8667 (Part A) :
Also Reported at Part B :
File Nos. 70-7258, 70-7508, 70-7641, :
70-7845, 70-7909, 70-8447 :
70-8577, 70-8621, 70-8631 :
70-8853
(Public Utility Holding Company Act of 1935) :
____________________________________________ :
TO THE SECURITIES AND EXCHANGE COMMISSION:
This Master Certificate contains the Rule 24 certificates required to be
filed on a periodic basis for File No. 70-8667 and various other files in
order to eliminate the burden of making over twenty separate individual
filings. This Certificate is filed in accordance with Rule 24 under the
Public Utility Holding Company Act of 1935 (the "Act"), as a notification
that of the various transactions authorized under the orders issued in the
proceedings identified in the above caption, the following have been
carried out in accordance with the terms and conditions of and for the
purposes represented by
<PAGE> 2
the respective Application-Declarations and the orders. The Master
Certificate thus acts as a compilation of the various other certificates
and incorporates all Rule 24 reporting from the other proceedings.
By Order dated March 28, 1996 (HCAR No. 26500, "New Financing Order")
under File No. 70-8667, the Securities and Exchange Commission ("SEC")
permitted the "Omnibus Financing" Application-Declaration of Consolidated
Natural Gas Company ("Consolidated") and its above-mentioned subsidiaries
("Subsidiaries") to become effective, thereby authorizing Consolidated and
its Subsidiaries to engage in various financing and related transactions
through March 31, 2001. Part A contains reporting required by the New
Financing Order. Information on external and intrasystem financing of the
Consolidated system appears here.
Part B contains reporting required by other SEC orders. The information
is subdivided by SEC file number. Rule 52 transactions (Form U-6B-2) and
any order-specific financial information (i.e., income statements, balance
sheets) are attached as exhibits to Part A and Part B respectively, as
appropriate.
<PAGE> 3
PART A
EXTERNAL FINANCING BY CONSOLIDATED:
File No. 8667:
_____________
1. Sale of CNG Common Stock
Consolidated sold no common stock during this period, except for sales
associated with employee benefit plans.
Price per share: N/A
Market Price per share
as of date of Sales
Agreement N/A
Consolidated sold 132,684 shares of common stock for $6,787,525 pursuant
to various employee and shareholder benefit plans during the quarter.
During 1996, Consolidated sold an aggregate of 1,342,008 shares of common
stock for $62,158,802 under such plans.
2. Short Term Debt: Sale of Commercial Paper, Back Up Lines of Credit.
(a). During the period, Consolidated issued and sold commercial paper.
The maximum amount of Consolidated's commercial paper outstanding at any
time during this period, was $453,000,000 principal amount.
Amount Outstanding - December 31, 1996 - $374,000,000
(b). Borrowings under Commercial Paper Backup Lines of Credit.
There were no borrowings or repayments during this period.
3. Long Term Debt.
Consolidated sold $300,000,000 in debentures during this quarter.
October 16 -- $150,000,000 of 6-7/8% debentures due October 15,
2026.
December 10 -- $150,000,000 of 6-5/8% debentures due December 1,
2008.
The description of such securities is hereby incorporated by
reference to the material set forth under the captions (i) "Supplemental
Description of the New Debentures" in the Prospectus Supplements dated
October 16, 1996 and December 10, 1996, respectively, and (ii) "Certain
Terms and Conditions of Debt
<PAGE> 4
Securities and Indenture" in the Prospectus which constitutes a part of the
Registration Statement on Form S-3, File Nos. 33-49469 and 33-52585, filed
under the Securities Act of 1933, as amended. The Prospectus and
Prospectus Supplements were filed with the SEC via EDGAR pusuant to Rule
424(b) under such act on October 17, 1996 and December 11, 1996,
respectively, and are hereby incorporated by reference.
INTRASYSTEM FINANCING
4. (a). Sales of Capital Stock to Consolidated by Subsidiaries.
Per Share
Shares Value Amount
______ _______ ___________
CNG Products and 25 $10,000 $250,000
Services, Inc. ("CNG Products")
The above transaction between Consolidated and CNG Products occurred
October 21 under an exemption pursuant to Rule 52 and is not part of the
authorizations under this file number. The business of CNG Products is
energy-related, customer convenience type products and services. The
proceeds of the above described transaction will be used by CNG Products in
such business. The Certificate of Notification as required by Rule 52 on
Form U-6B-2 is filed as Exhibit A-1.
Per Share
Shares Value Amount
______ _______ ___________
CNG Energy Services 2,000 $10,000 $20,000,000
Corporation ("CNG Energy")
The above transaction between Consolidated and CNG Energy occurred
December 23 under an exemption pursuant to Rule 52 and is not part of the
authorizations under this file number. The business of CNG Energy is
primarily gas and power marketing, along with energy-related activities.
The proceeds of the above described transaction will be used by CNG Energy
in such business. The Certificate of Notification as required by Rule 52
on Form U-6B-2 is filed as Exhibit A-2.
<PAGE> 5
Per Share
Shares Value Amount
______ _______ ___________
East Ohio Gas 600,000 $50 $30,000,000
Company ("EOG")
The above transaction between Consolidated and EOG occurred December
30 under an exemption pursuant to Rule 52 and is not part of the
authorizations under this file number. The business of EOG is that of a
gas utility company. The proceeds of the above described transaction will
be used by EOG in such business. The Certificate of Notification as
required by Rule 52 on Form U-6B-2 is filed as Exhibit A-3.
Per Share
Shares Value Amount
______ _______ ___________
CNG Power Services 1,500 $10,000 $15,000,000
Corporation ("CNG Power")
The above transaction between Consolidated and CNG Power occurred
December 31 under an exemption pursuant to Section 32 of the Act and Rule
52 and is not part of the authorizations under this file number. The
business of CNG Power is wholesale marketing of electric power. The
proceeds of the above described transaction will be used by CNG Power in
such business. The Certificate of Notification as required by Rule 52 on
Form U-6B-2 is filed as Exhibit A-3.
(b). Buy back of stock by subsidiaries.
On November 15, 1996, CNG Producing Company repurchased 7,600 shares
of its stock from the parent at par value ($10,000). Thus, $76,000,000 was
paid to the parent.
<PAGE> 6
On December 17, 1996, CNG Coal Company repurchased 1,500 shares of
its stock from the parent at par value ($10,000). Thus, $15,000,000 was
paid to the parent.
PART B
RULE 24 CERTIFICATES REQUIRED BY OTHER SEC ORDERS
File No. 70-7258:
________________
By orders dated June 12 and July 16, 1986 (HCAR Nos. 24128 and 24150),
as amended by orders dated May 27, 1987 (HCAR No. 24399), February 14, 1990
(HCAR No. 25040), May 13,1991 (HCAR No. 25311), and April 8, 1994 (HCAR
No. 26021), the Securities and Exchange Commission permitted the
Application-Declaration of Consolidated Natural Gas Company
("Consolidated") and subsidiaries to become effective, thereby authorizing
the establishment of a Consolidated System Money Pool ("Money Pool").
This Certificate is filed in accordance with Rule 24, as a notification
that of the various transactions authorized by said orders, the following
have been carried out in accordance with the terms and conditions of and
for the purposes represented by said Application-Declaration and said
orders:
During the said period, the following transactions occurred:
Consolidated Natural Gas Company:
Beginning Ending
Balance Contributions Withdrawals Balance
_______________ _______________ _______________ _______________
$386,155,000.00 $483,080,720.00 $453,823,251.00 $415,412,469.00
<PAGE> 7
Subsidiaries:
Beginning Ending
Company Balance Contributions Withdrawals Balance
_______ _________ _____________ ___________ _______
The East Ohio Gas Co. $(205,000,000) $161,500,000 $194,500,000
$(238,000,000)
West Ohio Gas Company (23,520,000) 6,580,000 10,810,000
(27,750,000)
The Peoples Natural
Gas Company (78,675,000) 52,870,000 38,230,000
(64,035,000)
CNG Transmission Corp. 5,740,000 96,950,000 108,395,000
5,705,000
Hope Gas, Inc. (5,060,000) 18,940,000 26,020,000
(12,140,000)
Consolidated System
LNG Company 18,500,000 4,445,000 1,680,000
21,265,000
CNG Iroquois 1,790,000 0 310,000
1,480,000
CNG Producing Company 48,230,000 186,660,000 181,310,000
53,580,000
CNG Coal Company 15,075,000 230,000 12,310,000
2,995,000
CNG Pipeline Co. 1,105,000 260,000 210,000
1,155,000
CNG Energy Services (109,430,000) 156,690,000 142,790,000
(95,530,000)
CNG Storage Services Co. 990,000 910,000 360,000
1,540,000
CNG Power Co. 8,860,000 5,580,000 6,210,000
8,230,000
CNG Power-Cogeneration 75,000 0 0
75,000
CNG Power - Cogen. Dev. (1,200,000) 0 0
(1,200,000)
Lakewood 6680 0 0 0
0
Lakewood 7909 9,605,000 0 0
9,605,000
Virginia Natural
Gas Co., Inc. (76,800,000) 35,200,000 27,600,000
(69,200,000)
CNG Research Company 100,000 175,000 185,000
90,000
CNG Service Company 3,460,000 18,140,000 23,470,000
1,870,000
<PAGE> 8
File No. 70-7641:
________________
By orders dated January 9, 1991, February 28, 1991 and May 7, 1991 (HCAR
Nos. 25239, 25263 and 25308, respectively) ("Orders"), in the
above-captioned proceeding, the Securities and Exchange Commission
("Commission") permitted the Application-Declaration of CNG Transmission
Corporation ("Transmission") and CNG Iroquois, Inc. ("CNGI"), as amended,
to become effective, thereby authorizing Transmission to provide, through
June 30, 1993, up to $35,000,000 of financing to CNGI through the purchase
of common stock of CNGI and/or the making of open account advances to CNGI.
Transmission and CNGI were also authorized by the Orders to provide,
through June 30, 1993, up to $35,000,000 in guaranties and indemnities on
behalf of CNGI and Iroquois Gas Transmission System, L. P. ("Iroquois"),
respectively, at any one time. The purpose of the financing was to provide
funds to CNGI for use relating to its 9.4% general partnership interest in
Iroquois, which was formed to construct and own an interstate natural gas
pipeline extending from the Canadian border to Long Island, New York.
By order dated July 6, 1993 (HCAR No. 25845), the Commission extended
the above-mentioned authorizations through June 30, 1996, up to an
aggregate amount of $20 million. In addition, the Commission pursuant to
such Order authorized CNGI and Transmission to obtain letters of credit
and/or enter into reimbursement agreements on behalf of Iroquois and CNGI
respectively.
By order dated September 12, 1996 (HCAR No. 26571), the Commission
authorized CNGI to increase its ownership in the Iroquois partnership from
9.4 to 16%, and extended certain authorizations through June 30, 2001.
This Certificate is filed in accordance with Rule 24 as notification
that the following transactions authorized by the Orders have been carried
out
<PAGE> 9
during the reporting quarter in accordance with the terms and conditions
of, and for the purposes represented by, the Application-Declaration and
the Orders.
(1) Transmission purchased no shares of common stock during the quarter.
As of this date, CNGI has 2,394 shares of common stock outstanding.
(2) No open account advances were made by Transmission to CNGI during
the quarter, and no such open account advances were outstanding as
of
this date.
(3) CNGI made no capital contributions to Iroquois during this quarter.
As of this date, CNGI has cumulatively made $18,151,381 of equity
contributions to Iroquois.
(4) No distribution was received from Iroquois during this quarter
(representing CNGI's share from the partnership distribution).
File No. 70-7845:
________________
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") (known as CNG Energy Company prior to a name change effective
January 16, 1995), 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). Such financing
would be provided by the purchase of CNG Power common stock, the making of
open account advances or the making of long-term loans, in any combination
thereof. Effective May 1, 1996, CNG Power became a wholly-owned subsidiary
of CNG Energy Services Corporation, a wholly-
<PAGE> 10
owned subsidiary of Consolidated, as authorized by Order dated April 22,
1996, HCAR No. 26509.
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.
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 7845A and 7845B.
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
============ ============
<PAGE> 11
<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>
<PAGE> 12
<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> 13
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.
<PAGE> 14
Exhibit
7845A
CNG Power Company
Balance Sheet
December 31, 1996 (Unaudited) (1)
(Thousands of Dollars)
CNG Power NGV
Assets Company Division
______ __________ __________
Property, plant & equipment
Total Investment 6,485 -
Less accumulated depreciation 2,328 -
_________ _________
Net property, plant & equipment 4,157 0
Cash 626
- -
Accounts Receivable 18,842 -
Inventories 111 -
Investments 35,407 -
Deferred Charges 0 -
_________ _________
Total Assets 59,143 0
========= =========
Stockholders Equity & Liabilities
_________________________________
Capitalization
Common stock 22,460 -
Retained earnings 9,964 (6)
_________ _________
Total common stockholders equity 32,424 (6)
Long-term notes payable to parent company 13,083 -
_________ _________
Total capitalization 45,507 (6)
Total current liabilities 94 6
Accumulated deferred income taxes 13,542 -
_________ _________
Total stockholder's equity and
liabilities 59,143 0
========= =========
(1) This balance sheet has not been audited by the Company's independent
auditors.
<PAGE> 15
Exhibit 7845B
CNG Power Company
Income Statement
December 31, 1996 (Unaudited) (1)
(Thousands of Dollars)
CNG Power NGV
Company Division
__________ __________
Total operating revenues 0 -
Total operating expenses 2,207
_________ _______
Operating income before taxes (2,207) 0
Total estimated income taxes 2,085 -
_________ _______
Operating income (4292) 0
Other income 470 -
Interest charges 0 -
_________ _______
Net income (3,822) 0
========= =======
(1) This income statement has not been audited by the Company's independent
auditors.
<PAGE> 16
File No. 70-7909:
________________
By Order dated December 26, 1991 (HCAR No. 25446) ("Order") in the
above-captioned proceeding, the Securities and Exchange Commission
("Commission") permitted the Application-Declaration of Consolidated
Natural Gas Company ("Consolidated"), as amended, to become effective,
thereby authorizing Consolidated to provide up to $15 million of financing
to CNG Power Company ("CNG Power") (known as CNG Energy Company prior to a
name change effective January 16, 1995), for its preliminary project
development and administrative activities ("Preliminary Activities") in
connection with its possible investments in qualifying and cogeneration
facilities located within the United States. Such activities are to be
financed through: (1) the purchase of common stock of CNG Energy; (2) open
account advances from Consolidated; or (3) long-term loans.
By Supplemental Order dated October 8, 1992 (HCAR No. 35-25651)
("Supplemental Order"), Consolidated and CNG Power were authorized to fund
up to $50 million, through December 31, 1996, to a qualifying cogeneration
facility in Lakewood, New Jersey ("Lakewood Project"). The funding will be
channeled from Consolidated to CNG Power, from CNG Power to CNG Lakewood,
Inc. ("CNG Lakewood"), from CNG Lakewood to Lakewood Cogeneration, L.P.
("Partnership") and from the Partnership to the Lakewood Project.
(Alternatively, CNG Power may bypass CNG Lakewood and invest directly in
the Partnership.) The funding will be financed through: (1) common stock
acquisitions, (2) open account advances, or (3) long-term loans.
This Certificate is filed in accordance with Rule 24, as a notification
that the transactions authorized by the Order and the Supplemental Order
have been carried out in accordance with the terms and conditions of and
for the purposes represented by the Application-Declaration and the Order.
A balance
<PAGE> 17
sheet and income statement, as of the end of the reporting quarter, for the
Cogeneration Division of CNG Power are set forth in Exhibits 7909A and
7909B.
The following table indicates the transactions carried out by CNG Power
pursuant to the Order and the Supplemental Order for the quarter and
cumulatively:
Transactions Transactions
Relating to Relating to
Order Supplemental Order
(Preliminary (Lakewood after
Activities) 10/8/92)
____________ ___________________
(1) Issuance of Common
Stock of CNG Power
$1,000 par value:
For this Period -0- -0-
Cumulative -0- 10,710,000
(2) Long-Term Loans:
For this Period -0- -0-
Cumulative -0- 7,140,000
(3) Open Account Advances:
For this Period $ -0- $ -0-
Cumulative 2,140,000 $ 8,435,000
(4) Total Financings:
For this Period $ -0- $ -0-
Cumulative 2,140,000 $26,285,000
<PAGE> 18
Exhibit
7909A
CNG Power Company
Power Generation Division Balance Sheet
December 31, 1996 (Unaudited) (1)
(Thousands of Dollars)
Power
Generation
Assets Division
______ ____________
Property, plant and equipment
Total investment . . . . . . . . . . . . . . . . . $ 690
Less accumulated depreciation . . . . . . . . . . . 360
_______
Net property, plant and equipment 330
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . 0
Investments, at cost . . . . . . . . . . . . . . . . . . 0
Investments, at equity . . . . . . . . . . . . . . . . . 34,913
Accounts receivable . . . . . . . . . . . . . . . . . . . 10,570
Deferred charges . . . . . . . . . . . . . . . . . . . . 0
_______
Total assets . . . . . . . . . . . . . . . . $45,813
=======
Stockholder's Equity and Liability
__________________________________
Capitalization
Common stockholder's equity
Common stock . . . . . . . . . . . . . . . . . . . . $19,340
Retained earnings . . . . . . . . . . . . . . . . . . (2,660)
_______
Total common stockholder's equity . . . . . 16,680
Long term notes payable to parent company . . . . . . . . 12,586
_______
Total capitalization . . . . . . . . . . . . 29,266
Total current liabilities . . . . . . . . . . . . . . . . 3,652
Accumulated deferred income taxes . . . . . . . . . . . . 12,895
_______
Total stockholder's equity and liabilities . . . . . . . $45,813
(1) This balance sheet has not been audited by the Company's
independent auditors.
<PAGE> 19
Exhibit 7909B
CNG Power Company
Power Generation Division Income Statement
December 31, 1996 (Unaudited)
(Thousands of Dollars)
Power
Generation
Division
____________
Total operating revenues . . . . . . . . . . . . . . . . $ 57
Total operating expenses . . . . . . . . . . . . . . . . 960
Operating income before taxes . . . . . . . . . . . (903)
_______
Total estimated income taxes . . . . . . . . . . . . . . 802
Operating income . . . . . . . . . . . . . . . . . (1,705)
Other income . . . . . . . . . . . . . . . . . . . . . . 3,754
Interest charges . . . . . . . . . . . . . . . . . . . . . 1,168
_______
Net income . . . . . . . . . . . . . . . . . 881
=======
<PAGE> 20
File No. 70-8447:
________________
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.
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 past semi-annual period is as
follows:
<PAGE> 21
(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
8447A and 8447B.
(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 about 500,000 dekatherms per day throughput during the
reporting period; peak-day throughput for the reporting period is
about 1,000,000 dekatherms.
For this reporting period's the Center's transactions consisted
of about 40% transmission or wheeling, 10% loaning; 20% parking, and
30% intra-hub or title transfer services.
As of the current date, the Center has 104 customers under
contract. While most of the Center's customers are natural gas
marketers/traders or producers, some are local gas distribution
utilities.
<PAGE> 22
Exhibit 8447A
CNG Power Company
Balance Sheet
CNG Market Center Services, Inc.
December 31, 1996 (Unaudited) (1)
Assets CNGMC
______ __________
Property, plant & equipment
Total Investment --
Less accumulated depreciation --
Net property, plant & equipment --
Cash 423,041
Accounts Receivable --
Inventories --
Investments at Cost 360,706
Deferred Charges --
________
Total Assets 783,747
========
Stockholders Equity & Liabilities
_________________________________
Capitalization
Common stock 100,000
Retained earnings 249,886
________
Total common stockholders equity 349,886
Long-term notes payable to parent company --
________
Total capitalization 349,886
Total current liabilities 427,861
Accumulated deferred income taxes 6,000
________
Total stockholder's equity and
liabilities $783,747
========
(1) This balance sheet has not been audited by the Company's independent
auditors.
<PAGE> 23 Exhibit
8447B
CNG Power Company
Income Statement
CNG Market Center Services, Inc.
December 31, 1996 (Unaudited) (1)
CNGMC
__________
Total operating revenues --
Total operating expenses 104,874
_________
Operating income before taxes 104,874
Total estimated income taxes 176,000
_________
Operating income 280,874
Other income 557,476
Interest charges 5
_________
Net income 276,597
=========
(1) This income statement has not been audited by the Company's independent
auditors.
<PAGE> 24
File No. 70-8577:
________________
By Order dated August 28, 1995 ("Order"), HCAR No. 26363, in the above-
captioned proceeding, the Securities and Exchange Commission authorized
Consolidated Natural Gas Company ("CNG") and CNG Energy Services
Corporation ("Energy Services") to engage in the business of providing
certain energy-related services ("Customer Services") to customers of CNG's
local distribution companies and to others, primarily customers of
utilities not affiliated with CNG.
Energy Services formed a new special-purpose subsidiary -- CNG
Products and Services -- to engage in the new business. (Originally
"CNG Special Products and Services, Inc.", the name was changed to CNG
Products and Services, Inc., effective November 20, 1995.) The Customer
Services are offered as a convenience to utility customers.
This Certificate -- a quarterly report -- is filed in accordance with
Rule 24, as a notification that of the various transactions authorized, the
following have been carried out in accordance with the terms and conditions
of the Order.
Revenues from Customers Services for this period are $1,168,413.20. The
only Customers Services being offered at this time are the Service Line
Maintenance Program and Appliance Repair Plus Program.
<PAGE> 25
File No. 70-8621:
________________
By Order dated July 26, 1995 ("Order"), HCAR No. 26341, the Securities
and Exchange Commission authorized CNG Energy Services Corporation ("Energy
Services") -- a wholly-owned subsidiary of Consolidated Natural Gas
Company ("CNG"), a registered holding company -- to acquire ownership
interests with nonaffiliates in projects that involve gas related
activities.
This Certificate -- a semi-annual report -- 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.
Energy Services has the following investments in nonaffilatied entities:
(1). MAIN PASS GAS GATHERING SYSTEM
As of December 31, 1996, Energy Services has invested
$18,558,102. The original general partnership -- Main Pass Gas
Gathering Company, which constructed a new gas gathering pipeline
system in the Main Pass area of the Gulf of Mexico -- was merged
December 31, 1996, with another general partnership, Dauphin
Island Gathering Partners, which operates a nearby system. Energy
Services' special-purpose subsidiary -- CNG Main Pass Gas
Gathering Corporation -- is the "CNG partner" holding a 13.6
percent interest in the new partnership. Other partners are
subsidiaries of PanEnergy Corporation, MCN Corporation, Coastal
Corporation and Dauphin Island Gathering Company.
<PAGE> 26
(2). MAIN PASS OIL GATHERING SYSTEM
As of December 31, 1996, Energy Services has invested
$12,902,662 in a general partnership -- Main Pass Oil Gathering
Company -- which operates a new pipeline system in the Main
Pass and Viosca Knoll areas to gather oil generated in conjunction
with the operation of gas fields in such areas of the Gulf of
Mexico. Energy Services' special-purpose subsidiary -- CNG Oil
Gathering Corporation -- is the "CNG Partner" in this
partnership, holding a 33-1/3 percent interest in the partnership.
Other parties are subsidiaires of PanEnergy Corporation and Amoco.
To date, no parent guarantees have been issued -- by CNG for the account
of Energy Services or by Energy Services for any of its subsidiaries -- for
any of the investments with nonaffiliates authorized and reported in this
proceeding.
File No. 70-8853:
_________________
By Order dated August 2, 1996, HCAR No. 26551, the Commission
authorized CNG to issue parent guarantees through March 31, 2001, for CNG
Power Services Corporation ("Power Services") its wholly-owned subsidiary
for amounts not to exceed $250 million outstanding at any time. Power
Services is an exempt wholesale generator under Section 32 of the Act and
is engaged in the purchase and sale of electricity at wholesale.
There has been no transaction activity initiated pursuant to the
above-referenced Order.
<PAGE> 27
Each respective "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 under the respective order have been consummated.
CONSOLIDATED NATURAL GAS COMPANY
CNG COAL COMPANY
CNG PRODUCING COMPANY
CNG PIPELINE COMPANY
CNG RESEARCH COMPANY
CNG STORAGE SERVICE COMPANY
CNG ENERGY SERVICES CORPORATION
CNG POWER COMPANY
CNG TRANSMISSION CORPORATION
CNG PRODUCTS AND SERVICES, INC.
CNG MARKET CENTER SERVICES, INC.
CNG FINANCIAL SERVICES, INC.
CONSOLIDATED NATURAL GAS SERVICE
COMPANY, INC.
CONSOLIDATED SYSTEM LNG COMPANY
HOPE GAS, INC.
THE EAST OHIO GAS COMPANY
THE PEOPLES NATURAL GAS COMPANY
VIRGINIA NATURAL GAS INC.
THE EAST OHIO GAS COMPANY AS SUCCESSOR TO
WEST OHIO GAS COMPANY
J. M. Hostetler
Their Attorney
Dated this 18th day
of April, 199
<PAGE> 1
Exhibit A-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-6B-2
Certificate of Notification
Filed By
CNG Products and Services, Inc.
This certificate is notice that the above named company has issued,
renewed or guaranteed the security or securities described herein which
issue, renewal or guaranty was exempted from the provisions of Section 6(a)
of the Act and was neither the subject of a declaration or application on
Form U-1 nor included within the exemption provided by Rule U-48.
1. Type of the security or securities: 25 shares of Common Stock
of the CNG Products and Services, Inc. ("Common Stock").
2. Issue, renewal or guaranty: Issue.
3. Principal amount of each security: $10,000 per share of Common
Stock.
4. Rate of interest per annum of each security: Not Applicable.
5. Date of issue, renewal or guaranty of security: October 21,
1996.
6. If renewal of security, give date of original issue: Not
Applicable.
7. Date of maturity of each security: Not Applicable.
8. Name of the person to whom each security was issued, renewed or
guaranteed.
CNG Energy Services Corporation
9. Collateral given with each security, if any: None.
<PAGE> 2
Exhibit
A-1
10. Consideration received for each security:
$10,000 per share or $250,000 total consideration.
11. Application of proceeds of each security.
To meet long-term financing requirements of the Company.
12. The issue, renewal or guaranty of each security was exempt from
the provisions of Section 6(a) because of the provisions
contained in any rule of the Commission other than Rule U-48.
13. If the security or securities were exempt from the provisions of
Section 6(a) by virtue of the first sentence of Section 6(b),
give the figures which indicate that the security or securities
aggregate (together with all other than outstanding notes and
drafts of a maturity of nine months or less, exclusive of days
of grace, as to which such company is primarily or secondarily
liable) not more than 5 per centum of the principal amount and
par value of the other securities of such company then
outstanding. (Demand notes, regardless of how long they may
have been outstanding, shall be considered as maturing in not
more than nine months for purposes of the exemption from Section
6(a) of the Act granted by the first sentence of Section 6(b)).
Not Applicable.
14. If the security or securities are exempt from the provisions of
Section 6(a) because of the fourth sentence of Section 6(b),
name the security outstanding on January 1, 1935, pursuant to
the terms of which the security or securities herein described
have been issued.
Not Applicable.
15. If the security or securities are exempt from the provisions of
Section 6(a) because of any rule of the Commission other than
Rule U-48 designate the rule under which exemption is claimed.
Rule 52.
CNG Products and Services, Inc.
By: J. M. Hostetler
Its Attorney
Date: April 18, 1997
<PAGE> 1
Exhibit A-2
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-6B-2
Certificate of Notification
Filed By
CNG Energy Services Corporation
This certificate is notice that the above named company has issued,
renewed or guaranteed the security or securities described herein which
issue, renewal or guaranty was exempted from the provisions of Section 6(a)
of the Act and was neither the subject of a declaration or application on
Form U-1 nor included within the exemption provided by Rule U-48.
1. Type of the security or securities: 2,000 shares of Common
Stock of the CNG Energy Services Corporation ("Common Stock").
2. Issue, renewal or guaranty: Issue.
3. Principal amount of each security: $10,000 per share of Common
Stock.
4. Rate of interest per annum of each security: Not Applicable.
5. Date of issue, renewal or guaranty of security: December 23,
1996.
6. If renewal of security, give date of original issue: Not
Applicable.
7. Date of maturity of each security: Not Applicable.
8. Name of the person to whom each security was issued, renewed or
guaranteed.
Consolidated Natural Gas Company
9. Collateral given with each security, if any: None.
<PAGE> 2
Exhibit
A-2
10. Consideration received for each security:
$10,000 per share or $20,000,000 total consideration.
11. Application of proceeds of each security.
To meet long-term financing requirements of the Company.
12. The issue, renewal or guaranty of each security was exempt from
the provisions of Section 6(a) because of the provisions
contained in any rule of the Commission other than Rule U-48.
13. If the security or securities were exempt from the provisions of
Section 6(a) by virtue of the first sentence of Section 6(b),
give the figures which indicate that the security or securities
aggregate (together with all other than outstanding notes and
drafts of a maturity of nine months or less, exclusive of days
of grace, as to which such company is primarily or secondarily
liable) not more than 5 per centum of the principal amount and
par value of the other securities of such company then
outstanding. (Demand notes, regardless of how long they may
have been outstanding, shall be considered as maturing in not
more than nine months for purposes of the exemption from Section
6(a) of the Act granted by the first sentence of Section 6(b)).
Not Applicable.
14. If the security or securities are exempt from the provisions of
Section 6(a) because of the fourth sentence of Section 6(b),
name the security outstanding on January 1, 1935, pursuant to
the terms of which the security or securities herein described
have been issued.
Not Applicable.
15. If the security or securities are exempt from the provisions of
Section 6(a) because of any rule of the Commission other than
Rule U-48 designate the rule under which exemption is claimed.
Rule 52.
CNG Energy Services Corporation
By: J. M. Hostetler
Its Attorney
Date: April 18, 1997
<PAGE> 1
Exhibit A-3
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-6B-2
Certificate of Notification
Filed By
East Ohio Gas Company
This certificate is notice that the above named company has issued,
renewed or guaranteed the security or securities described herein which
issue, renewal or guaranty was exempted from the provisions of Section 6(a)
of the Act and was neither the subject of a declaration or application on
Form U-1 nor included within the exemption provided by Rule U-48.
1. Type of the security or securities: 600,000 shares of Common
Stock of the East Ohio Gas Company ("Common Stock").
2. Issue, renewal or guaranty: Issue.
3. Principal amount of each security: $50 per share of Common
Stock.
4. Rate of interest per annum of each security: Not Applicable.
5. Date of issue, renewal or guaranty of security: December 30,
1996.
6. If renewal of security, give date of original issue: Not
Applicable.
7. Date of maturity of each security: Not Applicable.
8. Name of the person to whom each security was issued, renewed or
guaranteed.
Consolidated Natural Gas Company
9. Collateral given with each security, if any: None.
<PAGE> 2
Exhibit
A-3
10. Consideration received for each security:
$50 per share or $30,000,000 total consideration.
11. Application of proceeds of each security.
To meet long-term financing requirements of the Company.
12. The issue, renewal or guaranty of each security was exempt from
the provisions of Section 6(a) because of the provisions
contained in any rule of the Commission other than Rule U-48.
13. If the security or securities were exempt from the provisions of
Section 6(a) by virtue of the first sentence of Section 6(b),
give the figures which indicate that the security or securities
aggregate (together with all other than outstanding notes and
drafts of a maturity of nine months or less, exclusive of days
of grace, as to which such company is primarily or secondarily
liable) not more than 5 per centum of the principal amount and
par value of the other securities of such company then
outstanding. (Demand notes, regardless of how long they may
have been outstanding, shall be considered as maturing in not
more than nine months for purposes of the exemption from Section
6(a) of the Act granted by the first sentence of Section 6(b)).
Not Applicable.
14. If the security or securities are exempt from the provisions of
Section 6(a) because of the fourth sentence of Section 6(b),
name the security outstanding on January 1, 1935, pursuant to
the terms of which the security or securities herein described
have been issued.
Not Applicable.
15. If the security or securities are exempt from the provisions of
Section 6(a) because of any rule of the Commission other than
Rule U-48 designate the rule under which exemption is claimed.
Rule 52.
East Ohio Gas Company
By: J. M. Hostetler
Its Attorney
Date: April 18, 1997
<PAGE> 1
Exhibit A-4
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-6B-2
Certificate of Notification
Filed By
CNG Power Services Corporation
This certificate is notice that the above named company has issued,
renewed or guaranteed the security or securities described herein which
issue, renewal or guaranty was exempted from the provisions of Section 6(a)
of the Act and was neither the subject of a declaration or application on
Form U-1 nor included within the exemption provided by Rule U-48.
1. Type of the security or securities: 1,500 shares of Common
Stock of the CNG Power Services Corporation ("Common Stock").
2. Issue, renewal or guaranty: Issue.
3. Principal amount of each security: $10,000 per share of Common
Stock.
4. Rate of interest per annum of each security: Not Applicable.
5. Date of issue, renewal or guaranty of security: December 31,
1996.
6. If renewal of security, give date of original issue: Not
Applicable.
7. Date of maturity of each security: Not Applicable.
8. Name of the person to whom each security was issued, renewed or
guaranteed.
Consolidated Natural Gas Company
9. Collateral given with each security, if any: None.
<PAGE> 2
Exhibit
A-4
10. Consideration received for each security:
$10,000 per share or $15,000,000 total consideration.
11. Application of proceeds of each security.
To meet long-term financing requirements of the Company.
12. The issue, renewal or guaranty of each security was exempt from
the provisions of Section 6(a) because of the provisions
contained in any rule of the Commission other than Rule U-48.
13. If the security or securities were exempt from the provisions of
Section 6(a) by virtue of the first sentence of Section 6(b),
give the figures which indicate that the security or securities
aggregate (together with all other than outstanding notes and
drafts of a maturity of nine months or less, exclusive of days
of grace, as to which such company is primarily or secondarily
liable) not more than 5 per centum of the principal amount and
par value of the other securities of such company then
outstanding. (Demand notes, regardless of how long they may
have been outstanding, shall be considered as maturing in not
more than nine months for purposes of the exemption from Section
6(a) of the Act granted by the first sentence of Section 6(b)).
Not Applicable.
14. If the security or securities are exempt from the provisions of
Section 6(a) because of the fourth sentence of Section 6(b),
name the security outstanding on January 1, 1935, pursuant to
the terms of which the security or securities herein described
have been issued.
Not Applicable.
15. If the security or securities are exempt from the provisions of
Section 6(a) because of any rule of the Commission other than
Rule U-48 designate the rule under which exemption is claimed.
Rule 52.
CNG Power Services Corporation
By: J. M. Hostetler
Its Attorney
Date: April 18, 1997
