<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________
CONSOLIDATED NATURAL GAS COMPANY :
Pittsburgh, Pennsylvania :
:
CNG COAL COMPANY :
CNG PRODUCING COMPANY :
CNG PIPELINE COMPANY :
CNG RESEARCH COMPANY :
CNG STORAGE SERVICE COMPANY : MASTER
CNG ENERGY SERVICES CORPORATION : CERTIFICATE
CNG POWER COMPANY : OF
CNG TRANSMISSION CORPORATION : NOTIFICATION
CNG PRODUCTS AND SERVICES, INC. : NO. 7
CNG MARKET CENTER SERVICES, INC. :
CNG FINANCIAL SERVICES, INC. : TRANSACTIONS
CONSOLIDATED NATURAL GAS SERVICE : DURING PERIOD
COMPANY, INC. : _____________
CONSOLIDATED SYSTEM LNG COMPANY :
HOPE GAS, INC. : October 1, 1997
THE EAST OHIO GAS COMPANY : through
THE PEOPLES NATURAL GAS COMPANY : December 31, 1997
VIRGINIA NATURAL GAS INC. :
THE EAST OHIO GAS COMPANY AS :
SUCCESSOR TO 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, 70-8447, 70-8577, :
70-8621, 70-8631, 70-8853 :
and 70-8883 :
:
(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 the
<PAGE> 2
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 captioned proceedings.
By Order dated March 28, 1996, HCAR No. 26500, ("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 on external and intrasystem financing of the
Consolidated system as required by the Financing Order.
Part B contains reporting required by other SEC orders in the captioned
proceedings. 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 issued and sold the following shares of common stock during
the quarter:
Shares Amount
________ ____________
Employee benefit plans 161,341 $ 6,602,499
Debenture conversions 0 0
Dividend reinvestment plan 0 0
_______ ___________
Total 161,341 $ 6,602,499
======= ===========
2. Short Term Debt.
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 $475,400,000 principal amount. There was $238,700,000
principal amount of commercial paper outstanding on December 31, 1997.
There were no borrowings or repayments of borrowings under commercial paper
backup lines of credit during the reporting period.
<PAGE> 4
3. Long Term Debt.
On December 9, 1997, Consolidated sold $300,000,000 principal amount of
6.80% Debentures Due December 15, 2027 through an underwritten public
offering. The price to public was 99.190%, the underwriting discount was 0.875%
and the proceed to the Consolidated were $294,945,000 (98.315%). Chase
Securities Inc. and Salomon Smith Barney were the underwriters. The sale
occurred pursuant to Consolidated's shelf registration, Registration
Statements No. 33-52585 ($50 million) and No. 333-25347 ($250 million).
The registration statements and the Rule 424(b) prospectus relating to the 6.80%
Debentures, filed with the Commission on December 10, 1997, are hereby
incorporated by reference.
INTRASYSTEM FINANCING
4. Financing by Parent of Its Subsidiaries
The transactions described below between Consolidated and its
subsidiaries occurred under exemptions pursuant to Rule 52 and are not part of
the authorizations under this file number. The proceeds of the above described
transactions will be used by the subsidiaries in their respective businesses.
The Certificates of Notification as required by Rule 52 on Form U-6B-2 are
filed as Exhibit A-1 through A-3, respectively.
a. Sales of Capital Stock to Consolidated by Subsidiaries.
Total
Date Shares Amount
_____ _______ ___________
CNG Energy Services Corporation 12/18 600 $ 160,000
Virginia Natural Gas, Inc. 12/30 875 35,000,000
The Peoples Natural Gas Company 12/30 180,000 18,000,000
<PAGE> 5
b. long-term debt transactions occurring during the period.
The following subsidiaries sold long-term notes on December 30, 1997 to
Consolidated in the principal amounts indicated below. All of the notes carry
an interest rate of 6.95%, which is substantially equal to the effective cost
of money to Consolidated in its sale on December 9, 1997 of 6.80% Debentures
Due December 15, 2027. Each of the notes mature on December 15, 2027 with
interest payments due semiannually on June 15 and December 15. The
Certificates of Notification for newly-issued debt as required by Rule 52 on
Form U-6B-2 are Exhibits A-3 through A-7.
Principal Amount
of Note
________________
CNG Producing Company $ 30,000,000
CNG Transmission Corporation 14,000,000
The East Ohio Gas Company 40,000,000
The Peoples Natural Gas Company 9,000,000
Hope Gas, Inc. 3,000,000
c. Guarantees
The following guarantees were made during the reporting period: (i) CNG
entered into a $12,000,000 limit agreement with Global Energy Services, LLC on
behalf of CNG Energy Services Corporation and (ii) CNG Energy Services
Corporation entered into an agreement with the PJM Interconnection on behalf of
CNG Retail Services Corporation.
<PAGE> 6
5. Subsidiary Long-term Debt Transactions.
There were no long-term debt transactions of Subsidiaries to be reported
for the quarter other than as disclosed above.
6. Subsidiary Stock Buy Back Transactions.
There were no Subsidiary stock buy back transactions to be reported for the
quarter.
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), April 8, 1994 (HCAR No. 26021), and
July 18, 1997 (HCAR No. 26742), the SEC permitted the application-declaration
of 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:
<PAGE> 7
During the period, the following transactions occurred:
Consolidated Natural Gas Company (In Thousands)
Beginning Ending
Balance Contributions Withdrawals Balance
_______________ _______________ _______________ _______________
$349,673 $639,924 $507,913 $481,684
Subsidiaries (In Thousands)
Beginning Ending
Company Balance Contributions Withdrawals Balance
_________ _________ _____________ ___________ _________
The East Ohio Gas Co. $ ($172,670) $188,251 $253,979 ($238,398)
The Peoples Natural
Gas Company (54,705) 57,660 43,690 (40,735)
Hope Gas, Inc. ( 7,210) 29,615 35,145 (12,740)
Virginia Natural Gas, Inc. (57,480) 46,815 42,005 (52,670)
CNG Transmission Corp. 8,410 98,915 100,695 6,630
Consolidated System
LNG Company 9,650 4,200 1,610 12,240
CNG Iroquois 2,675 4,020 625 6,070
CNG Producing Company 1,620 155,510 122,160 34,970
CNG Coal Company 3,195 50 60 3,185
CNG Pipeline Co. 1,145 290 250 1,185
CNG Energy Services (105,650) 191,120 213,070 (127,600)
CNG Storage Services Co. 2,670 640 350 2,960
CNG Power Co. 12,880 6,000 3,630 15,250
CNG Power - Cogen. 70 0 0 70
CNG Power - Cogen. Dev. (1,200) 0 0 (1,200)
Lakewood 6680 330 0 0 330
Lakewood 7909 9,605 0 0 9,605
CNG Research Company 265 0 0 265
Consolidated Natural Gas
Service Company, Inc. (2,835) 36,715 35,300 (1,420)
CNG Power Services Corp. 3,850 33,100 31,750 5,200
CNG Retail Corp. (530) 22,040 11,140 10,370
CNG Market Center Services 240 0 40 200
CNG Products & Services (3,630) 1,385 5,600 (7,845)
CNG International Corp. (370) 3,770 85,643 (82,243)
<PAGE> 8
File No. 70-7508:
By order dated February 23, 1995 (HCAR No. 26234) in the above captioned
proceeding, the SEC permitted the application-declaration of 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
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 in such order, Consolidated was authorized to provide
CNGF with up to an aggregate of $25 million in funds, on a revolving basis,
through December 31, 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.
CNGF is an inactive corporation and has engaged in no business transactions
to date.
File No. 70-7641:
By orders dated January 9, 1991, February 28, 1991, May 7, 1991, July 6,
1993 and September 12, 1996 (HCAR Nos. 25239, 25263, 25308, 25845 and 26571,
respectively) ("Orders"), in the above-captioned proceeding, the SEC permitted
the application-declaration of CNG Transmission Corporation ("Transmission")
and CNG Iroquois, Inc. ("CNGI"), as amended, to become effective, thereby
authorizing Transmission to provide financing to CNGI through the purchase of
common stock of CNGI and/or the making of open account advances to CNGI.
<PAGE> 9
Transmission and CNGI were also authorized by the Orders to provide guaranties
and indemnities on behalf of CNGI and Iroquois Gas Transmission System, L. P.
("Iroquois"), respectively. The current authorization for up to an aggregate
of $20 million in financing extends to June 30, 2001. The purpose of the
financing is to provide funds to CNGI for use relating to its 16% general
partnership interest in Iroquois, which owns and operates an interstate natural
gas pipeline extending from the Canadian border to Long Island, New York.
This certificate is filed in accordance with Rule 24 as notification that
the following transactions authorized by the Orders have been carried out
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 December 31, 1997, CNGI had 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
December 31, 1997.
(3) CNGI's total investment in Iroquois was $31,978,731 as of December 31,
1997.
<PAGE> 10
(4) A distribution of $4,000,000 was received from Iroquois during this
quarter (representing CNGI's share from the partnership distribution).
Total distributions received by CNGI from Iroquois during the year
ended December 31, 1997 aggregated $8,600,000.
File No. 70-7845:
By order dated August 27, 1992, HCAR No. 25615, the SEC permitted the
application-declaration of 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-owned subsidiary of Consolidated, as authorized by SEC
order dated April 22, 1996, HCAR No. 26509.
This Certificate is filed in accordance with Rule 24, as a final
notification that of the various transactions authorized by the January 16,
1995 order, the following have been carried out in accordance with the terms
<PAGE> 11
and conditions of and for the purposes represented by the
application-declaration and such order. The past-tense opinion is filed as
Exhibit 7845C to this report in accordance with the requirements of Exhibit F
to Form U-1. 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> 12
<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> 13
<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 $ $ $ $
1
</TABLE>
<PAGE> 14
4. State Utility Commission Activity.
There have been no state utility commissions proceedings
concerning NGV Activities of CNG Power for the reporting period.
5. Description of CNG Power's NGV Activities for the reporting period.
There have been no CNG Power NGV activities of any consequence
during the reporting period.
<PAGE> 15
Exhibit 7845A
CNG Power Company
Balance Sheet
December 31, 1997(1)
(Thousands of Dollars)
CNG Power NGV
Assets Company Division
______ __________ __________
Property, plant & equipment
Total Investment $ 6,489 $ -
Less accumulated depreciation 2,611 -
_________ _________
Net property, plant & equipment $ 3,878 $ 0
Cash (2,055) -
Accounts Receivable 24,398 -
Inventories 167 -
Investments 38,623 -
Deferred Charges 3 -
_________ _________
Total Assets $ 65,014 $ 0
========= =========
Stockholders Equity & Liabilities
_________________________________
Capitalization
Common stock 22,460 -
Retained earnings 12,625 (6)
_________ _________
Total common stockholders equity $ 35,085 $ (6)
Long-term notes payable to parent company 13,083 -
_________ _________
Total capitalization $ 48,168 $ (6)
Total current liabilities 2,198 6
Accumulated deferred income taxes 14,648 -
_________ _________
Total stockholder's equity and
liabilities $ 65,014 $ 0
======== =========
(1) This balance sheet has not been audited by the Company's independent
auditors.
<PAGE> 16
Exhibit 7845B
CNG Power Company
Income Statement
Year Ended December 31, 1997(1)
(Thousands of Dollars)
CNG Power NGV
Company Division
__________ __________
Total operating revenues $ 9,979 $ -
Total operating expenses 9,239
_________ __________
Operating income before taxes $ 740 $ 0
Total estimated income taxes 1,855 -
_________ __________
Operating income $ (1,115) $ 0
Other income 4,616 -
Interest charges 840 -
_________ __________
Net income $ 2,661 $ 0
========= ==========
(1) This income statement has not been audited by the Company's independent
auditors.
<PAGE> 17
Exhibit 7845C
March 27, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.
Re: Consolidated Natural Gas Company, et al.
SEC File No. 70-7845
Dear Sirs and Madams:
This "past-tense" opinion is rendered in accordance with the
requirements of Exhibit F to Form U-1 of the Securities and Exchange
Commission ("Commission"). The opinion concerns the Commission order dated
August 27, 1992, HCAR No. 25615, authorizing CNG Power Company ("Power
Company," but then called CNG Energy Company), an indirect subsidiary of
Consolidated Natural Gas Company ("Consolidated"), to engage in natural gas
vehicle activities. This authorization expired on December 31, 1997; no
request has been made for an extension of this authorization due to the
inactivity under the original authorization and the inclusion of natural
gas vehicle activities ("NGV Activities") as a category under the recently
adopted Commission Rule 58.
I have examined such documents, records, laws and other matters as I
deemed relevant and necessary for the purposes of this opinion. Based on
such examination, I am of the opinion that the transactions consummated by
Power Company were in accordance with the aforesaid Commission
authorization, and that:
(a) All state laws applicable to the transactions have been complied
with;
(b) The capital stock of Power Company issued, if any, for NGV
Activities is validly issued, fully paid and nonassessable, and
the holder thereof is entitled to the rights and privileges
pertaining thereto set forth in the Certificate of Incorporation
of power Company; and the open account advances and long-term
loans, if any, to Power Company for NGV Activities are valid and
binding obligations of Power Company in accordance with their
terms;
(c) The parent company of Power Company with respect to NGV Activities
legally acquired the capital stock of, and interests in open
account advances and long-terms loans to, Power Company.
<PAGE> 18
(d) The consummation of transactions authorized for NGV Activities did
not violate the legal rights of the holders of any securities
issued by Consolidated or Power Company or any associate company
thereof.
I hereby consent to the use of this opinion in connection with the
filing.
Very truly yours,
N. F. Chandler
Attorney
<PAGE> 19
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 its special purpose wholly-owned subsidiary, CNG
Market Center Services, Inc. ("CNGMC"). (As of January 16, 1995, CNG
Energy Company changed its name to CNG Power Company.) Such financing is
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 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.
<PAGE> 20
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:
(i) Financial Statements.
The balance sheet and income statement of CNGMC for the reporting
period 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
1,000,000 dekatherms per day throughput during the reporting period; peak-
day throughput for the reporting period is about 1,500,000 dekatherms. For
this reporting period the Center's transactions consisted of about 10%
transmission or wheeling, 5% loaning; 10% parking, and 75% intra-hub or
title transfer services. As of the current date, the Center has 130
customers under contract. While most of the Center's customers are natural
gas marketers/traders or producers, some are local gas distribution
utilities.
<PAGE> 21
Exhibit 8447A
CNG Market Center Services, Inc.
Balance Sheet
December 31, 1997(1)
Assets
______
Property, plant & equipment
Total Investment $ --
Less accumulated depreciation --
Net property, plant & equipment --
Cash 12,081
Accounts Receivable 352,732
Inventories --
Investments at Cost $1,137,471
Deferred Charges --
__________
Total Assets $1,502,284
==========
Stockholders Equity & Liabilities
_________________________________
Capitalization
Common stock $ 100,000
Retained earnings 700,654
__________
Total common stockholders equity 800,654
Long-term notes payable to parent company 0
__________
Total capitalization 800,654
Total current liabilities 631,630
Accumulated deferred income taxes 70,000
__________
Total liabilities and stockholder's equity $1,502,284
==========
(1) This balance sheet has not been audited by the Company's independent
auditors.
<PAGE> 22
Exhibit 8447B
CNG Market Center Services, Inc.
Income Statement
For the Year Ended December 31, 1997(1)
Total operating revenues $ --
Total operating expenses 25,209
_________
Operating income before taxes (25,209)
Total estimated income taxes 305,000
_________
Operating income (330,209)
Other income 776,753
Interest charges 4,224
_________
Net income $450,768
=========
(1) This income statement has not been audited by the Company's independent
auditors.
<PAGE> 23
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 and CNG Energy Services Corporation ("Energy Services") to
engage in the business of providing ten categories of 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, Inc. ("CNGP&S"), in 1995 to engage in the new business. The
newly formed company was originally called "CNG Special Products and
Services, Inc.", but the name was changed to CNG Products and Services,
Inc. effective November 20, 1995.
By order dated August 27, 1997, HCAR No. 26757, the SEC authorized
CNGP&S to provide five additional categories of services, an enhanced
version of an already authorized category of service, and certain
incidental products and services related to the approved categories.
This quarterly certificate 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.
Filed herewith as Exhibit 8577A are financial statements of CNGP&S.
<PAGE> 24
1. Description of Revenues.
Revenues from CNGP&S for this period are $2,253,893. The only
Customers Services being offered at this time are the Service Line
Maintenance Program and Appliance Repair Plus Program.
2. State Commission Orders.
There are no state commission orders or post-transaction audit
documents relating to CNGP&S to be filed.
3. Services Provided by Affiliates to CNGP&S.
See the income statement in Exhibit 8577A.
<PAGE> 25 Exhibit 8577A
CNG Products and Services, Inc.
Balance Sheet
As of December 31, 1997
Assets
______
Property, plant and equipment $ 76,548
Accumulated depreciation and amortization (11,985)
___________
Net property, plant and equipment 64,563
Investment in Subsidiary Company, at equity 1,863,405
Current assets
Cash and temporary cash investments 51,877
Accounts receivable 315,353
Accounts Receivable - Affiliates 14,400,969
___________
Total current assets 14,768,199
Other Investments 250,000
Deferred income taxes 229,000
___________
Total assets $17,175,167
===========
Stockholder's Equity and Liabilities
____________________________________
Common stockholder's equity
Common stock $ 3,990,000
Retained Earnings (1,075,586)
___________
Total common stockholder's equity 2,914,414
Current liabilities
Accounts Payable $ 1,979,730
Accounts Payable - Affiliates 12,727,023
Accrued Taxes (446,000)
___________
Total current liabilities 14,260,753
___________
Total stockholder's equity and liabilities $17,175,167
===========
<PAGE> 26 Exhibit 8577A
Continued
CNG Products and Services, Inc.
Income Statement
Three Months and Twelve Months to
December 31, 1997
Three Months Twelve Months
to June 30 to December 31
___________ ____________
Operating Income:
Service Line Protection $1,527,040 $5,023,489
Appliance Warranty 46,891 88,762
__________ __________
Total Operating Income 1,573,931 5,112,251
__________ __________
Operating Expense:
Services from Affiliates:
CNG Service Company 355,870 1,004,234
Peoples Natural Gas 13,822 52,451
East Ohio Gas 0 45,082
Other Operating Expenses 2,476,304 4,070,209
Maintenance 17,703 17,703
Taxes Other than Income (7,900) 19,463
__________ __________
Subtotal 2,855,799 5,209,142
__________ __________
Operating income before income taxes (1,281,868) (96,891)
Income taxes (548,000) (141,000)
__________ __________
Operating income (733,868) 44,109
__________ __________
Other Income
Equity in earnings of subsidiary (16,950) (16,950)
Other net 5,481 5,481
__________ __________
Total other income (11,469) (11,519)
__________ __________
Interest expense 91,661 112,809
__________ __________
Net income (loss) ($836,998) ($80,219)
========== ==========
<PAGE> 27
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"), 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 thereof.
Energy Services has the following investments in nonaffiliated
entities:
(1). MAIN PASS GAS GATHERING SYSTEM
As of June 30, 1997, Energy Services has invested $19,167,543 in 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. On December 31, 1996, Main Pass Gas Gathering Company
was merged with another general partnership, Dauphin Island Gathering
Partners, which operated a nearby system. Energy Services' special-purpose
subsidiary, CNG Main Pass Gas Gathering Corporation, is the "CNG partner"
and holds a 13.6 percent general partnership interest in the new
partnership. Other general partners are subsidiaries of PanEnergy
Corporation, MCN Corporation, Coastal Corporation and Dauphin Island
Gathering Company.
<PAGE> 28
(2). MAIN PASS OIL GATHERING SYSTEM
As of June 30, 1997, Energy Services has invested $14,844,571 in a
general partnership, Main Pass Oil Gathering Company, which operates a
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" and holds a 33-1/3 percent
general partnership interest in the partnership. Other parties are
subsidiaries 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.
<PAGE> 29
File No. 70-8631:
_________________
By order dated April 30, 1996, HCAR No. 26512, the SEC permitted the
application-declaration of Consolidated and Energy Services to become
effective, thereby authorizing Energy Services to organize and acquire a
new special purpose subsidiary, CNG Energy Arbitrage Corporation ("CNG
Energy Arbitrage"). CNG Energy Arbitrage was to, in turn, acquire a one-
third general partnership interest in Energy Alliance Partnership ("Energy
Alliance"), a to-be-formed Delaware partnership. The other general
partners were to be Noverco Energy Services (U.S.)Inc., a wholly-owned
subsidiary of Noverco, Inc., and H.Q. Energy Services (U.S.)Inc., a wholly-
owned subsidiary of Hydro-Quebec.
Energy Alliance was to engage in the business of marketing electricity,
gas and other fuels, initially in the northeastern and middle Atlantic
United States. Mirror image parent-subsidiary debt and/or equity financing
of up to $10 million by Consolidated, Energy Services and CNG Arbitrage was
also authorized.
To date neither CNG Arbitrage nor Energy Alliance has been formed due
to the inability to obtain an order of the Federal Energy Regulatory
Commission permitting Energy Alliance to be a wholesale marketer of
electricity; consequently there are no business or financing transactions
to be reported under the above file number. A preliminary agreement among
the prospective partners in Energy Alliance expired on December 31, 1996.
<PAGE> 30
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.
CNG entered into the following guarantee agreements on behalf of Power
Services: (i) a $2,000,000 limit agreement with PacifiCorp having an
underlying evergreen Western Power Pool agreement and (ii) a $2,000,000
limit agreement with PacifiCorp Power Marketing having an underlying
evergreen power sales agreement.
File No. 70-8883:
_________________
By order dated January 15, 1997, HCAR No. 26652, the SEC authorized
Energy Services to invest, through December 31, 2001, up to $250 million to
expand its business to market electricity and other energy commodities and
to engage in fuel management and other incidental related activities. In
pursuit of such activities, Energy Services may acquire interests in other
entities. Such entities may be corporations, partnerships, limited
liability companies, joint ventures or other types of entities in which
Energy Services might have a 100% interest, a majority interest equity or
debt position, or a minority equity or debt position.
<PAGE> 31
CNG Retail Services Corporation ("CNG Retail") was formed on January
30, 1997 pursuant to the order to engage in the business of selling natural
gas and other products at retail.
This quarterly certificate 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
aforesaid order.
1. Financial Statements.
A balance sheet and income statement for CNG Retail is filed as Exhibit
8887A hereto.
2. Source of Revenues.
The energy commodity marketing revenues of CNG Retail comprised . % of
the total revenues of Energy Services for the quarter ending December 31,
1997. Energy Services had no non-gas commodity marketing revenues for the
period.
<PAGE> 32
3. FERC Filings.
The agreement and transaction information contained in the attachment to
the CNG Retail power marketing informational filing made with the FERC on
January 30, 1997 is filed as Exhibit 8887B hereto.
4. Parent Credit Support.
Energy Services entered an agreement on September 26, 1997 to
guarantee the obligations of CNG Retail as a signatory to the Operating
Agreement of the PJM Interconnection, L.L.C. The guarantee was limited to
an aggregate of $2 million.
<PAGE> 33 Exhibit 8887A
CNG Retail Services Corporation
Balance Sheet
As of December 31, 1997
Assets
______
Property, Plant and Equipment $12,182,548
Accumulated depreciation and amortization (244,783)
___________
Net property, plant and equipment 11,937,765
___________
Current assets
Cash and temporary cash investments 7,882
Accounts Receivable 3,604,968
Receivables - Affiliates 30,142,867
Prepayments and other current assets 12,726
___________
Total current assets 33,768,443
___________
Deferred charges 1,691,105
___________
Total Assets $47,397,313
===========
Stockholder's Equity and Liabilities
___________________________________
Common stockholder's equity
Common stock $ 6,000,000
Retained earnings (2,355,482)
___________
Total common stockholder's equity 3,644,518
___________
Current liabilities
Accounts payable 153,134
Accounts Payable - Affiliates $42,602,217
Taxes Accrued 1,021,000
Other current liabilities 291,444
___________
Total current liabilities 44,067,795
___________
Deferred income taxes (315,000)
___________
Total stockholder's equity and liabilities $47,397,313
===========
<PAGE> 34 Exhibit 8887A
Continued
CNG Retail Services Corporation
Income Statement
Three Months and Twelve Months to
December 31, 1997
Three Months Twelve Months
to December 31 to December 31
___________ ____________
Operating revenues
Gas sales $26,869,567 $37,101,020
Electricity sales 279,139 279,159
___________ ___________
Total operating revenues 27,148,706 37,380,159
Operating expenses
Purchased gas 24,750,419 34,817,490
Other purchased products 271,669 271,669
Operation expense 844,589 5,815,656
Depreciation and amortization 213,341 213,341
___________ ___________
Subtotal 26,080,018 41,118,156
___________ ___________
Operating income before
Income taxes 1,068,688 (3,737,997)
___________ ___________
Income taxes (396,000) (1,330,000)
___________ ___________
Operating income 1,464,688 (2,407,997)
___________ ___________
Interest revenues 74,868 74,868
Interest expense 18,376 22,353
___________ ___________
Net income $ 1,521,180 ($ 2,355.482)
=========== ===========
<PAGE> 35 Exhibit 8887B
Attachment 1
CNG RETAIL SERVICES CORPORATION
Contracts Executed 4th Quarter 1997
Effective
Company Type Date Term
Allegheny Power Sales Tariff 10-31-97 Evergreen
888 Firm & Non-Firm 10-15-97 Evergreen
Sell 10-31-97 Evergreen
CNG Power Services Buy/Sell 12-01-97 Evergreen
Duquesne Light Co. Network Operating/ 11-01-97 Evergreen
Integration
First Energy Network Integration 01-01-98 Evergreen
GPU Energy Sell 10-06-97 Evergreen
Retail Trans. Agency 11-01-97 12-01-98
Operating Cap./Energy 10-14-97 Evergreen
PECO Energy Inst. Capacity Alloc. 11-01-97 12-31-98
Retail Trans. Agency 11-01-97 12-31-98
PP&L Retail Trans. Agency 11-01-97 12-31-98
Retail Trans. Agency(UGI) 11-01-97 12-31-97
Virginia Elec. & Power Sales Tariff 11-01-97 11-30-97
Attachment 2
CNG RETAIL SERVICES CORPORATION
Summary of Transaction Activity
For Quarter Ending December 31, 1997
Purchases
Delivery Nature of
Company Total MWh Price Point Service
Allegheny Power 2,121 $22.30 ECAR Firm
CNG Power Svcs. 9,815 22.30 ECAR Firm
CNG Power Svcs. 351 25.36 MAAC Firm
<PAGE> 36
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
By N. F. Chandler
Their Attorney
Dated this 27th day
of March, 1998
<PAGE> 1 Exhibit A-1
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:
600 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 18, 1997
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
<PAGE> 2 Exhibit A-1
Continued
9. Collateral given with each security, if any:
None.
10. Consideration received for each security:
$10,000 per share or $6,000,000 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: N. F. Chandler
Its Attorney
Date: March 27, 1998
<PAGE> 3 Exhibit A-2
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-6B-2
Certificate of Notification
Filed By
Virginia Natural Gas, 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:
875 shares of Common Stock of Virginia Natural Gas, Inc.
("Common Stock").
2. Issue, renewal or guaranty:
Issue.
3. Principal amount of each security:
$40,000 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 30, 1997
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
<PAGE> 4 Exhibit A-2
Continued
9. Collateral given with each security, if any:
None.
10. Consideration received for each security:
$40,000 per share or $35,000,000 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.
Virginia Natural Gas, Inc.
By: N. F. Chandler
Its Attorney
Date: March 27, 1998
<PAGE> 5 Exhibit A-3
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
Certificate of Notification
Filed By
The Peoples Natural 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:
(a) Promissory note.
(b) 180,000 shares of Common Stock of The Peoples Natural Gas
Company ("Common Stock").
2. Issue, renewal or guaranty:
(a) and (b) Issue.
3. Principal amount of each security:
(a) $18,000,000
(b) $1,000 per share of Common Stock.
4. Rate of interest per annum of each security:
(a) 6.95%
(b) Not applicable.
5. Date of issue, renewal or guaranty of security:
(a) December 30, 1997
(b) December 30, 1997
6. If renewal of security, give date of original issue:
(a) and (b) Not applicable.
<PAGE> 6 ExhibitA-3
Continued
7. Date of maturity of each security:
(a) December 15, 2027
(b) Not applicable.
8. Name of the person to whom each security was issued, renewed or
guaranteed:
(a) and (b) Consolidated Natural Gas Company
9. Collateral given with each security, if any:
(a) and (b) None.
10. Consideration received for each security:
(a) $9,000,000
(b) $1,000 per share or $18,000,000 total consideration.
11. Application of proceeds of each security:
(a) and (b) 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)):
(a) and (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.
(a) and (b) Not applicable.
<PAGE> 7 Exhibit A-3
Continued
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.
(a) and (b) Rule 52.
The Peoples Natural Gas Company
By: N. F. Chandler
Its Attorney
Date: March 27, 1998
<PAGE> 8 Exhibit A-4
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
Certificate of Notification
Filed By
CNG Producing 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:
Promissory note.
2. Issue, renewal or guaranty:
Issue.
3. Principal amount of each security:
$30,000,000
4. Rate of interest per annum of each security:
6.95%
5. Date of issue, renewal or guaranty of security:
December 30, 1997
6. If renewal of security, give date of original issue:
Not applicable.
7. Date of maturity of each security:
December 15, 2027
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> 9 Exhibit A-4
Continued
10. Consideration received for each security:
$30,000,000
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 Producing Company
By: N. F. Chandler
Its Attorney
Date: March 27, 1998
<PAGE> 10 Exhibit A-5
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
Certificate of Notification
Filed By
CNG Transmission 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:
Promissory note.
2. Issue, renewal or guaranty:
Issue.
3. Principal amount of each security:
$14,000,000
4. Rate of interest per annum of each security:
6.95%
5. Date of issue, renewal or guaranty of security:
December 30, 1997
6. If renewal of security, give date of original issue:
Not applicable.
7. Date of maturity of each security:
December 15, 2027
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> 11 Exhibit A-5
Continued
10. Consideration received for each security:
$14,000,000
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 Transmission Corporation
By: N. F. Chandler
Its Attorney
Date: March 27, 1998
<PAGE> 12 Exhibit A-6
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
Certificate of Notification
Filed By
The 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:
Promissory note.
2. Issue, renewal or guaranty:
Issue.
3. Principal amount of each security:
$40,000,000
4. Rate of interest per annum of each security:
6.95%
5. Date of issue, renewal or guaranty of security:
December 30, 1997
6. If renewal of security, give date of original issue:
Not applicable.
7. Date of maturity of each security:
December 15, 2027
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> 13 Exhibit A-6
Continued
10. Consideration received for each security:
$40,000,000
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.
The East Ohio Gas Company
By: N. F. Chandler
Its Attorney
Date: March 27, 1998
<PAGE> 14 Exhibit A-7
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
Certificate of Notification
Filed By
Hope Gas, 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:
Promissory note.
2. Issue, renewal or guaranty:
Issue.
3. Principal amount of each security:
$3,000,000
4. Rate of interest per annum of each security:
6.95%
5. Date of issue, renewal or guaranty of security:
December 30, 1997
6. If renewal of security, give date of original issue:
Not applicable.
7. Date of maturity of each security:
December 15, 2027
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> 15 Exhibit A-7
Continued
10. Consideration received for each security:
$3,000,000
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.
Hope Gas, Inc.
By: N. F. Chandler
Its Attorney
Date: March 27, 1998
