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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM U-9C-3
QUARTERLY REPORT PURSUANT TO RULE 58 OF
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
For the Calendar Quarter Ended December 31, 1998
Consolidated Natural Gas Company
(Name of registered holding company)
CNG Tower
625 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3199
(Address of principal executive offices
Table of Contents
Page
____
Item 1. Organization Chart 2
Item 2. Issuance and Renewals of Securities
and Capital Contributions 2
Item 3. Associate Transactions 3
Item 4. Summary of Aggregate Investment 4
Item 5. Other Investments 5
Item 6. Financial Statements and Exhibits 5
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ITEM 1 - ORGANIZATION CHART
Name of Energy or Date of State of %of voting Nature
Reporting Gas Related Organiz- Incorpor- Securities of
Company Company ation ation Held Business
_________ ___________ ________ _________ __________ ________
Consolidated
Natural Gas
Company
CNG Field Gas Related 03/23/77 Delaware 100% (a)
Services
Company
(a) CNG Field Services Company, formerly CNG Storage Service Company, was
originally formed to engage in the business of providing natural gas
storage facilities and services and other activities related to the
operations and functions of a full service gas storage business. See
HCAR No. 25311, dated May 13, 1991. CNG Field Services Company in
July of 1998 entered into activities involving Appalachian natural gas
supply, including the administration of supply contracts transferred
from CNG Energy Services Corporation, a former subsidiary of
Consolidated Natural Gas Company.
ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS
Company Company
Contributing Receiving Type and Amount of
Capital Capital Capital Infusion
____________ _________ __________________
CNG Energy CNG Field Services Purchase and sale of one share
Services Company of common stock at the par
Corporation(b) value of $10,000
(b) At the time of the capital transaction Field Services was a wholly-
owned subsidiary of CNG Energy Services Corporation, which was sold by
CNG to a nonaffiliated party on July 31, 1998. Before the sale, CNG
Energy Services Corporation transferred its ownership interest in
Field Service to CNG as part of a plan of liquidation. See HCAR No.
26900, dated July 29, 1998.
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ITEM 3 - ASSOCIATE TRANSACTIONS
Part I - Transactions Performed by Reporting Companies on Behalf of
Associate Companies
Reporting Associate
Company Company Types of Direct Indirect Cost Total
Rendering Receiving Services Costs Costs or Amount
Service Service Rendered Charged Charged Capital Billed
_________ _________ ________ _______ ________ _______ ______
None(c)
(c) As per Rules 80 and 81, natural gas supply, storage or transportation
capacity transactions are not reported hereunder.
Part II - Transactions Performed by Associate Companies on Behalf of
Reporting Companies
Reporting Associate
Company Company Types of Direct Indirect Cost Total
Rendering Receiving Services Costs Costs or Amount
Services Service Rendered Charged Charged Capital Billed
_________ _________ ________ _______ ________ _______ ______
None(d)
(d) CNG Storage Service Company in 1991 had entered into standard at-cost
service agreements with Consolidated Natural Gas Service Company, Inc.
and CNG Transmission Corporation. Since these agreements antedate
Field Services assuming Rule 58 status, they are not reported here.
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ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
Investments in energy-related companies (in thousands):
Total consolidated capitalization as
of December 31, 1998 $3,779,337 Line 1
Total capitalization multiplied by 15%
(Line 1 multiplied by 0.15) 566,901 Line 2
Greater of $50 million or line 2 566,901 Line 3
Total current aggregate investment:
(categorized by major line of
energy-related business) None
Difference between the greater of $50
million or 15% of capitalization and
the total aggregate investment of the
registered holding system
(line 3 less line 4) 566,901
Investments in gas-related companies
(in thousands):
Total current aggregate investment:
(categorized by major line of
gas-related business)
Gas sales and storage services $ 21,063
==========
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ITEM 5 - OTHER INVESTMENTS
Major Line of Other Invest- Other Invest- Reason for
Energy-Related ment in Last ment in this Difference in
Business U-9C-3 Report U-9C-3 Report Other Investment
______________ _____________ _____________ ________________
None
ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS
A. Financial Statements
Balance sheet as of December 31, 1998 and income statements for the
three months and twelve months ending December 31, 1998.
(Filed under confidential treatment pursuant to Rule 104(b))
B. Exhibits
CERTIFICATE
The undersigned certifies that he is the duly designated and acting
Assistant Secretary of Consolidated Natural Gas Company, a Delaware
corporation ("CNG") and that:
CNG's Quarterly Report on Form U-9C-3 filed pursuant to Rule 58 for
the quarter ended September 30, 1998 was filed with each state commission
having jurisdiction over the retail rates of the public utility companies
that are associate companies of any of the reporting companies.
The names and addresses of such state utility commissions are:
Utilities Department
Public Utility Commission of Ohio
180 Broad Street
Columbus, OH 43266-0573
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Executive Secretary
West Virginia Public Service Commission
201 Brooks Street
Charleston, WV 25301
Secretary
Pennsylvania Public Utility Commission
North Office Building
Commonwealth Avenue and North Street
Harrisburg, PA 17101
General Counsel
Virginia State Corporation Commission
1300 East Main Street
10th Floor
Richmond, VA 23219
IN WITNESS WHEREOF, I have hereunto set my hand as of the 26th day of
March, 1999.
N. F. Chandler
Assistant Secretary
Consolidated Natural Gas Company
SIGNATURE
The undersigned registered holding company has duly caused this
quarterly report to be signed on its behalf by the undersigned officer
thereunto duly authorized pursuant to the requirements of the Public
Utility Holding Company Act of 1935.
CONSOLIDATED NATURAL GAS COMPANY
By: N. F. Chandler
Assistant Secretary
March 26, 1999
