<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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. 9
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. : April 1, 1998
THE EAST OHIO GAS COMPANY : through
THE PEOPLES NATURAL GAS COMPANY : June 30, 1998
VIRGINIA NATURAL GAS INC. :
:
File No. 70-8667 (Part A) :
Also Reported at Part B :
File Nos. 70-7258, 70-7508, 70-7641, :
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 numerous 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 respective Application-Declarations and the
<PAGE> 2
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" or "CNG") 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.
CNG Energy Services Corporation ("Energy Services"), formerly a wholly-
owned subsidiary of CNG, was a party in various proceedings pursuant to
which Rule 24 reporting is required. CNG, pursuant to the authorization in
HCAR No. 26900, dated July 29, 1998, sold all of the outstanding shares of
common stock of Energy Services to Sempra Energy on July 31, 1998. CNG
will make all future reporting of Energy Services under Rule 24 on its
behalf. All direct subsidiaries of Energy Services have become direct
subsidiaries of CNG. Those subsidiaries of CNG which succeed to prior
authorizations granted Energy Services succeed to the Rule 24 reporting
requirements of such respective prior authorizations.
<PAGE> 3
PART A
EXTERNAL FINANCING BY CONSOLIDATED:
File No. 8667:
1. Sale of CNG Common Stock.
Consolidated issued and sold the following shares of common stock
during the quarter:
Shares Amount
________ ____________
Employee benefit plans 177,161 $ 8,358,469
Dividend reinvestment plan 0 0
_______ ___________
Total 177,161 $ 8,358,469
======= ===========
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 $493,200,000 principal amount. There was
$384,200,000 principal amount of commercial paper outstanding on June 30,
1998.
There were no borrowings or repayments of borrowings under commercial
paper backup lines of credit during the reporting period.
3. Long Term Debt.
Consolidated did not issue and sell any long term debt during this
quarter.
<PAGE> 4
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 such
transactions are 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 exhibits to the quarterly certificates filed in this proceeding.
a. Sales of Capital Stock to Consolidated by Subsidiaries.
No transactions occurred during the reporting period.
b. Long-term debt transactions occurring during the period.
No transactions occurred during the reporting period.
c. Guarantees
There were no guarantees made by CNG during the reporting period.
5. Subsidiary Long-term Debt Transactions.
There were no long-term debt transactions of Subsidiaries to be
reported for the quarter.
6. Subsidiary Stock Buy Back Transactions.
There were no Subsidiary stock buy back transactions to be reported for
the quarter.
<PAGE> 5
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> 6
During the period, the following transactions occurred:
Consolidated Natural Gas Company (In Thousands)
Beginning Ending
Balance Contributions Withdrawals Balance
_______________ _______________ _______________ _______________
$405,808 $308,446 $507,129 $207,125
Subsidiaries (In Thousands)
Beginning Ending
Company Balance Contributions Withdrawals Balance
_________ _________ _____________ ___________ _________
The East Ohio Gas Co. $ ($153,413) $173,861 $121,779 ($101,331)
The Peoples Natural
Gas Company (23,905) 47,050 42,470 (19,325)
Hope Gas, Inc. (4,435) 20,528 23,135 (7,042)
Virginia Natural Gas, Inc. (22,000) 31,505 30,655 (21,150)
CNG Transmission Corp. 48,090 115,325 122,665 40,750
Consolidated System
LNG Company 16,340 235 610 15,965
CNG Iroquois 4,640 1,170 495 5,315
CNG Producing Company 18,500 95,640 110,630 3,510
CNG Coal Company 3,225 20 40 3,205
CNG Pipeline Co. 1,235 230 330 1,135
CNG Energy Services (33,405) 130,966 143,287 (45,726)
CNG Storage Services Co. 3,930 610 760 3,780
CNG Power Co. 19,070 11,610 7,480 23,200
CNG Power - Cogen. 70 0 0 70
CNG Power - Cogen. Dev. (1,200) 0 0 (1,200)
Lakewood 6680 360 10 10 360
Lakewood 7909 9,605 0 0 9,605
CNG Research Company 260 0 220 40
Consolidated Natural Gas
Service Company, Inc. (5,370) 31,475 33,837 (7,732)
CNG Power Services Corp. 600 36,470 35,160 1,910
CNG Retail Corp. (13,710) 25,450 26,830 (15,090)
CNG Market Center Services 200 500 130 570
CNG Products & Services (8,165) 8,530 1,670 (1,305)
CNG International Corp. (150,220) 100,065 4,356 (54,511)
CNG Main Pass Gas (19,951) 0 2,142 (22,093)
CNG Main Pass Oil (13,284) 0 187 (13,471)
<PAGE> 7
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
<PAGE> 8
("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. 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 June 30, 1998, 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 June 30, 1998.
<PAGE> 9
(3) CNGI's total investment in Iroquois was $34,990,457 as of June 30,
1998.
(4) A cash distribution of $1,600,000 was received from Iroquois
during this quarter (which would represent CNGI's share from the
partnership distribution).
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> 10
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. Since its
inception, the number of customers and volumes has increased. The Center
has had throughput exceeding 1,000,000 dekatherms per day and peak-day
throughput of about 1,500,000 dekatherms. For this reporting period the
Center's transactions consisted of transmission or wheeling, loaning;
parking, and intra-hub or title transfer services. Most of the Center's
customers are natural gas marketers/traders or producers, some are local
gas distribution utilities.
<PAGE> 11
Exhibit 8447A
CNG Market Center Services, Inc.
Balance Sheet
June 30, 1998(1)
Assets
______
Cash 5,401
Accounts Receivable 572,663
Investments at Cost 686,772
__________
Total Assets $1,264,836
==========
Stockholder's Equity & Liabilities
_________________________________
Capitalization
Common stock $ 100,000
Retained earnings 714,153
__________
Total common stockholder's equity 814,153
Total current liabilities 443,683
Deferred income taxes 7,000
__________
Total liabilities and stockholder's equity $1,264,836
==========
(1) This balance sheet has not been audited by the Company's independent
auditors.
<PAGE> 12
Exhibit 8447B
CNG Market Center Services, Inc.
Income Statement
For the Six Months Ended June 30, 1998(1)
Total operating revenues $ --
Total operating expenses 19,495
_________
Operating income before taxes (19,495)
Total estimated income taxes 7,000
_________
Operating income (26,495)
Other income 60,294
Interest charges 20,300
_________
Net income $ 13,499
=========
(1) This income statement has not been audited by the Company's independent
auditors.
<PAGE> 13
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.
<PAGE> 14
Filed herewith as Exhibit 8577A are financial statements of CNGP&S.
1. Description of Revenues.
Revenues from CNGP&S for the three months through June 30, 1998 are
$1,333,961. The principal 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> 15 Exhibit 8577A
CNG Products and Services, Inc.
Balance Sheet
As of June 30, 1998
Assets
______
Investment in Subsidiary Company, at equity 1,856,405
Current assets
Cash and temporary cash investments 24,510
Accounts receivable 1,570,690
Accounts receivable - Affiliates 2,293,785
__________
Total current assets 3,888,985
Other Investments 250,000
Deferred income taxes 250,000
__________
Total assets $ 6,245,390
==========
Stockholders' Equity and Liabilities
____________________________________
Common stockholders' equity
Common stock $ 3,990,000
Retained Earnings (1,262,784)
___________
Total common stockholders' equity 2,727,216
Current liabilities
Accounts payable $ 34,433
Accounts payable - Affiliates 1,559,815
Accrued Taxes 1,053,159
Other current liabilities 599,284
__________
Total current liabilities 3,246,691
__________
Deferred credits 271,483
__________
Total stockholders' equity and liabilities $ 6,245,390
===========
<PAGE> 16 Exhibit 8577A
Continued
CNG Products and Services, Inc.
Income Statement
Three Months and Six Months to
June 30, 1998
Three Months Six Months
to June 30 to June 30
____________ __________
Operating Income:
Service line protection $1,333,961 $2,568,506
Appliance warranty 32,552 64,931
Carbon monoxide detectors 517 19,395
Other (3,001) (2,516)
__________ __________
Total Operating Income 1,364,029 2,650,316
__________ __________
Operating Expense:
Services from Affiliates:
Peoples Natural Gas 16,033 26,033
Other operating expenses 1,322,875 2,678,924
Maintenance - 250
Depreciation and amortization (693) -
Taxes other than income 11,803 23,070
__________ __________
Subtotal 1,350,018 2,728,277
__________ __________
Operating income before income taxes 14,011 (77,961)
Income taxes (16,000) (110,000)
__________ __________
Operating income 30,011 32,039
__________ __________
Other Income
Equity in earnings of subsidiary (3,000) (7,000)
_________ __________
Interest expense 41,723 212,237
__________ __________
Net income (loss) ($ 14,712) ( $187,198)
========== ==========
<PAGE> 17
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 until its sale by CNG on July 31, 1998 had the
following investments in nonaffiliated entities:
(1). MAIN PASS GAS GATHERING SYSTEM
Energy Services pursuant to this authorization had invested 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. As of June 30, 1998, Energy Services has invested
$19,167,543 in CNG Main Pass Gathering Corporation.
<PAGE> 18
(2). MAIN PASS OIL GATHERING SYSTEM
As of June 30, 1998, 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.
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.
<PAGE> 19
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> 20
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.
During the quarter, CNG entered into no new guarantee agreements on
behalf of Power Services.
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.
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.
<PAGE> 21
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
8883A hereto.
2. Source of Revenues.
See the last paragraph on page 2 of this filing. In view of the
cessation of Energy Services as an affiliate company in the CNG system, the
ratios formerly required under this heading can no longer be provided.
3. FERC Filings.
The transaction information contained in the attachment to the CNG
Retail power marketing informational filing made with the FERC on April 27,
1998 is filed as Exhibit 8883B hereto.
4. Parent Credit Support.
There were no new parent credit support agreements entered on behalf of
CNG Retail during the reporting period.
<PAGE> 22 Exhibit 8883A
CNG Retail Services Corporation
Balance Sheet
As of June 30, 1998
Assets
______
Property, Plant and Equipment $12,905,727
Accumulated depreciation and amortization (1,509,044)
___________
Net property, plant and equipment 11,396,683
Current assets
Cash and temporary cash investments 527,230
Accounts Receivable 7,167,748
Receivables - affiliates 3,064,499
Gas stored - current 6,994,259
Prepayments and other current assets 549,907
__________
Total current assets 18,303,643
__________
Deferred charges 1,735,879
Total assets $31,436,205
===========
Stockholders' Equity and Liabilities
____________________________________
Common stockholders' equity
Common stock $ 6,000,000
Retained earnings (1,420,907)
___________
Total common stockholders' equity 4,579,093
Current liabilities
Accounts payable 479,026
Payables to affilated companies 25,274,665
Taxes accrued 947,638
Other current liabilities 158,783
___________
Total current liabilities 26,860,112
___________
Deferred income taxes (3,000)
___________
Total stockholders' equity
and liabilities $31,436,205
===========
<PAGE> 23 Exhibit 8883A
Continued
CNG Retail Services Corporation
Income Statement
Three Months and Six Months to
June 30, 1998
Three Months Six Months
to June 30 to June 30
____________ __________
Operating Revenues
Gas sales $16,551,178 $52,171,343
Electricity Sales 1,515,003 2,638,898
___________ ___________
Total operating revenues 18,066,181 54,810,241
Operating Expenses
Purchased gas 14,150,965 46,646,697
Other purchased products 1,092,649 2,329,405
Operation expense 1,231,387 2,650,666
Maintenance 17,511 24,694
Depreciation and amortization 645,764 1,264,531
Taxes, other than income taxes 10,913 23,708
___________ ___________
Subtotal 17,149,189 52,939,701
Operating income before
income taxes 916,992 1,870,540
Income taxes 347,488 729,138
___________ ___________
Operating income 569,504 1,141,402
___________ ___________
Interest revenues - 45,264
Interest expense 180,472 251,692
___________ ___________
Net income $ 388,633 $ 934,575
=========== ===========
<PAGE> 24 Exhibit 8883B
Attachment 1
CNG RETAIL SERVICES CORPORATION
Summary of Transaction Activity
For Quarter Ending June 30, 1998
Purchases
Delivery Nature of
Company Total MWh Price Point Service
CNG Power Svcs. 45,489 $18.20- ECAR Firm
$26.30
<PAGE> 25
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
(For itself and with respect to
CNG Energy Services Corporation)
CNG COAL COMPANY
CNG PRODUCING COMPANY
CNG PIPELINE COMPANY
CNG RESEARCH COMPANY
CNG STORAGE SERVICE COMPANY
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.
By N. F. Chandler
Their Attorney
Dated this 31st day
of August, 1998
