|
|
|
|
|
|
|
|
|
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
- --------------------------------------------
In the Matter of
NATIONAL FUEL GAS COMPANY FIFTH
NATIONAL FUEL GAS DISTRIBUTION CORPORATION CERTIFICATE
NATIONAL FUEL GAS SUPPLY CORPORATION PURSUANT TO
SENECA RESOURCES CORPORATION RULE 24
UTILITY CONSTRUCTORS, INC.
HIGHLAND LAND & MINERALS, INC.
LEIDY HUB, INC.
DATA-TRACK ACCOUNT SERVICES, INC.
NATIONAL FUEL RESOURCES, INC.
HORIZON ENERGY DEVELOPMENT, INC.
File No. 70-8729
(Public Utility Holding Company Act of 1935)
- --------------------------------------------
THIS IS TO CERTIFY, pursuant to Rule 24, that certain
transactions proposed by National Fuel Gas Company ("National") and its
subsidiaries, National Fuel Gas Distribution Corporation ("Distribution
Corporation"), National Fuel Gas Supply Corporation ("Supply Corporation"),
Seneca Resources Corporation ("Seneca"), Utility Constructors, Inc. ("UCI"),
Highland Land & Minerals, Inc. ("Highland"), Leidy Hub, Inc. ("Leidy"),
Data-Track Account Services, Inc. ("Data-Track"), National Fuel Resources, Inc.
("NFR") and Horizon Energy Development, Inc. ("Horizon Energy") in Form U-1,
Application-Declaration, File No. 70-8729, as amended, have been carried out in
accordance with the terms and conditions, and for the purposes as represented by
said Application-Declaration, and the Order of the Securities and Exchange
Commission ("Commission") (HCAR No. 35-26443 dated December 28, 1995) with
respect thereto.
<PAGE>
During the quarter ended March 31, 1997 the following
borrowing transactions occurred:
1. Sales and resales of commercial paper for the
quarter are shown on the attached certificates of Merrill
Lynch Money Markets, Inc. and Chase Securities, Inc.
2. National increased its outstanding borrowings by
issuing short-term notes to banks or other financial
institutions in the amounts, on the dates and at the rates
indicated below. The proceeds from the sales of these notes
were transferred by National to the System Money Pool to be
utilized by National's subsidiaries. This schedule also
reflects renewals at different rates.
DATE AMOUNT RATE
---- ------ ----
01/02/97 $15,000,000 5.42%
01/02/97 5,900,000 5.74
01/02/97 5,000,000 5.52
01/02/97 2,300,000 5.96
01/03/97 4,300,000 5.40
01/06/97 18,000,000 5.30
01/07/97 12,800,000 5.28
01/08/97 13,300,000 5.28
01/09/97 11,800,000 5.30
01/10/97 11,100,000 5.28
01/13/97 15,000,000 5.46
01/13/97 3,000,000 5.34
01/14/97 6,000,000 5.25
01/15/97 10,000,000 5.51
01/15/97 15,000,000 5.37
01/15/97 8,000,000 5.52
01/16/97 7,200,000 5.30
01/17/97 3,000,000 5.20
01/21/97 15,000,000 5.32
01/22/97 7,200,000 5.28
01/23/97 10,900,000 5.28
01/24/97 10,200,000 5.25
01/27/97 10,000,000 5.49
01/27/97 10,000,000 5.44
01/27/97 33,300,000 5.36
01/28/97 23,400,000 5.39
01/28/97 5,000,000 5.54
<PAGE>
01/29/97 $15,400,000 5.63%
01/30/97 12,300,000 5.46
01/31/97 10,200,000 5.50
01/31/97 20,000,000 5.48
02/03/97 15,000,000 5.40
02/03/97 8,700,000 5.42
02/04/97 16,400,000 5.32
02/05/97 18,800,000 5.28
02/06/97 11,000,000 5.28
02/07/97 16,200,000 5.25
02/10/97 12,100,000 5.26
02/11/97 1,400,000 5.25
02/12/97 11,000,000 5.40
02/13/97 4,600,000 5.28
02/14/97 9,100,000 5.20
02/14/97 10,000,000 5.37
02/18/97 10,000,000 5.35
02/18/97 9,500,000 5.52
02/20/97 6,100,000 5.27
02/21/97 700,000 5.21
02/24/97 1,700,000 5.33
02/24/97 10,000,000 5.30
02/25/97 15,000,000 5.28
02/25/97 15,000,000 5.35
02/25/97 15,000,000 5.40
02/26/97 32,600,000 5.50
02/27/97 28,900,000 5.32
02/28/97 33,500,000 5.53
03/03/97 35,200,000 5.53
03/03/97 20,000,000 5.41
03/04/97 29,000,000 5.35
03/05/97 21,200,000 5.23
03/06/97 11,400,000 5.27
03/07/97 6,300,000 5.26
03/10/97 1,700,000 5.32
03/11/97 13,300,000 5.32
03/12/97 3,900,000 5.52
03/14/97 10,100,000 5.24
03/17/97 21,300,000 5.45
03/17/97 35,000,000 5.41
03/18/97 42,100,000 5.30
03/19/97 35,000,000 5.32
03/20/97 14,400,000 5.45
03/20/97 25,000,000 5.55
03/21/97 10,300,000 5.38
<PAGE>
03/24/97 $13,100,000 5.55%
03/25/97 2,800,000 5.65
03/25/97 35,000,000 5.61
03/26/97 21,200,000 5.80
03/26/97 20,000,000 5.77
03/27/97 19,000,000 5.70
03/27/97 12,600,000 5.70
03/28/97 15,600,000 5.77
03/31/97 20,000,000 6.83
03/31/97 12,000,000 6.28
3. National increased its outstanding borrowings to be
used for its own corporate purposes by issuing short-term
notes to banks or other financial institutions in the amounts
on the dates and at the rates indicated below:
None.
4. National transferred the following amounts to the
System Money Pool on the dates and at the rates indicated
below. These amounts were either used to decrease outstanding
System borrowings and/or commercial paper or utilized by
National's subsidiaries.
DATE AMOUNT RATE
---- ------ ----
01/03/97 $1,000,000 5.45%
01/17/97 2,100,000 5.44
01/30/97 1,100,000 5.44
02/06/97 1,000,000 5.44
02/07/97 200,000 5.43
02/19/97 500,000 5.43
02/27/97 1,500,000 5.40
03/05/97 900,000 5.38
03/24/97 600,000 5.43
<PAGE>
5. Supply Corporation transferred the following
amounts to the System Money Pool on the dates and at the rates
indicated below. These amounts were either used to decrease
outstanding System borrowings and/or commercial paper or
utilized by National's other subsidiaries.
None.
6. Supply Corporation borrowed the following amounts
from the System Money Pool on the dates and at the rates
indicated below.
DATE AMOUNT RATE
---- ------ ----
01/03/97 $ 300,000 5.45%
01/06/97 200,000 5.43
01/08/97 200,000 5.44
01/14/97 100,000 5.44
01/15/97 11,700,000 5.45
01/17/97 500,000 5.44
01/22/97 400,000 5.43
01/23/97 200,000 5.43
01/24/97 100,000 5.43
01/30/97 1,100,000 5.44
01/31/97 3,100,000 5.44
02/03/97 2,000,000 5.44
02/04/97 700,000 5.43
02/05/97 300,000 5.43
02/06/97 400,000 5.44
02/07/97 700,000 5.43
02/10/97 600,000 5.43
02/12/97 1,000,000 5.44
02/13/97 400,000 5.44
02/14/97 1,300,000 5.43
02/18/97 500,000 5.44
02/19/97 100,000 5.43
02/21/97 200,000 5.44
02/27/97 500,000 5.40
02/28/97 1,500,000 5.43
03/04/97 200,000 5.39
03/05/97 100,000 5.38
03/07/97 200,000 5.40
03/10/97 300,000 5.40
03/14/97 900,000 5.38
<PAGE>
03/17/97 $8,400,000 5.45%
03/18/97 1,000,000 5.37
03/19/97 500,000 5.38
03/21/97 100,000 5.42
03/24/97 300,000 5.43
03/31/97 300,000 5.70
7. Distribution Corporation transferred the following
amounts to the System Money Pool on the dates and at the rates
indicated below. These amounts were either used to decrease
outstanding System borrowings and/or commercial paper or
utilized by National's other subsidiaries.
None.
8. Distribution Corporation borrowed the following
amounts from the System Money Pool on the dates and at the
rates indicated below:
DATE AMOUNT RATE
---- ------ ----
01/15/97 $10,700,000 5.45%
01/21/97 2,600,000 5.43
01/24/97 2,300,000 5.43
01/27/97 49,000,000 5.43
01/31/97 11,600,000 5.44
02/25/97 57,200,000 5.41
02/28/97 1,000,000 5.43
03/17/97 6,300,000 5.45
03/18/97 5,000,000 5.37
03/25/97 42,000,000 5.46
03/31/97 11,900,000 5.70
<PAGE>
9. Seneca transferred the following amounts to the
System Money Pool on the dates and at the rates indicated
below. These amounts were either used to decrease outstanding
System borrowings and/or commercial paper or utilized by
National's other subsidiaries.
DATE AMOUNT RATE
---- ------ ----
03/06/97 $1,200,000 5.39%
03/11/97 200,000 5.39
10. Seneca borrowed the following amounts from the
System Money Pool on the dates and at the rates indicated
below:
DATE AMOUNT RATE
---- ------ ----
01/02/97 $ 500,000 5.47%
01/03/97 1,600,000 5.45
01/06/97 800,000 5.43
01/07/97 800,000 5.44
01/08/97 7,500,000 5.44
01/09/97 100,000 5.44
01/13/97 1,200,000 5.45
01/15/97 2,900,000 5.45
01/16/97 1,200,000 5.44
01/28/97 3,100,000 5.43
01/30/97 700,000 5.44
01/31/97 3,500,000 5.44
02/03/97 1,900,000 5.44
02/05/97 100,000 5.43
02/10/97 300,000 5.43
02/11/97 1,600,000 5.44
02/12/97 500,000 5.44
02/18/97 3,200,000 5.44
02/19/97 1,600,000 5.43
02/27/97 4,100,000 5.40
02/28/97 2,100,000 5.43
03/03/97 1,200,000 5.42
03/04/97 500,000 5.39
03/05/97 400,000 5.38
03/10/97 1,600,000 5.40
03/17/97 3,700,000 5.45
<PAGE>
03/18/97 $4,500,000 5.37%
03/24/97 1,200,000 5.43
03/27/97 100,000 5.53
03/28/97 1,500,000 5.52
03/31/97 4,200,000 5.70
11. UCI transferred the following amounts to the
System Money Pool on the dates and at the rates indicated
below. These amounts were either used to decrease outstanding
System borrowings and/or commercial paper or utilized by
National's other subsidiaries.
None.
12. UCI borrowed the following amounts from the System
Money Pool on the dates and at the rates indicated below:
None.
13. Highland transferred the following amounts to
the System Money Pool on the dates and at the rates indicated
below. These amounts were either used to decrease outstanding
System borrowings and/or commercial paper or utilized by
National's other subsidiaries.
None.
14. Highland borrowed the following amounts from the
System Money Pool on the dates and at the rates indicated
below:
None.
15. Leidy transferred the following amounts to the
System Money Pool on the dates and at the rates indicated
below. These amounts were either used to decrease outstanding
System borrowings and/or commercial paper or utilized by
National's other subsidiaries.
None.
<PAGE>
16. Leidy borrowed the following amounts from the
System Money Pool on the dates and at the rates indicated
below:
None.
17. Data-Track transferred the following amounts to
the System Money Pool on the dates and at the rates indicated
below. These amounts were either used to decrease outstanding
System borrowings and/or commercial paper or utilized by
National's other subsidiaries.
None.
18. Data-Track borrowed the following amounts from the
System Money Pool on the dates and at the rates indicated
below:
None.
19. NFR transferred the following amounts to the
System Money Pool on the dates and at the rates indicated
below. These amounts were either used to decrease outstanding
System borrowings and/or commercial paper or utilized by
National's other subsidiaries.
DATE AMOUNT RATE
---- ------ ----
01/02/97 $ 900,000 5.46%
01/06/97 1,500,000 5.43
01/08/97 400,000 5.44
01/09/97 600,000 5.44
01/13/97 400,000 5.45
01/14/97 900,000 5.44
01/16/97 200,000 5.44
01/17/97 800,000 5.44
01/21/97 3,400,000 5.43
01/22/97 100,000 5.43
01/23/97 200,000 5.43
01/29/97 100,000 5.45
01/31/97 300,000 5.44
02/04/97 1,100,000 5.43
02/06/97 200,000 5.44
02/11/97 1,000,000 5.44
<PAGE>
02/13/97 $1,000,000 5.44%
02/19/97 400,000 5.43
02/24/97 400,000 5.43
02/27/97 1,500,000 5.40
03/04/97 500,000 5.39
03/11/97 600,000 5.39
03/12/97 400,000 5.40
03/13/97 500,000 5.40
03/14/97 500,000 5.38
03/19/97 1,200,000 5.38
03/20/97 700,000 5.42
03/25/97 900,000 5.46
20. NFR borrowed the following amounts from the System
Money Pool on the dates and at the rates indicated below:
DATE AMOUNT RATE
---- ------ ----
02/26/97 $ 200,000 5.42%
03/06/97 1,000,000 5.39
21. Horizon Energy transferred the following
amounts to the System Money Pool on the dates and at the rates
indicated below. These amounts were either used to decrease
outstanding System borrowings and/or commercial paper or
utilized by National's other subsidiaries.
None.
<PAGE>
22. Horizon Energy borrowed the following amounts from
the System Money Pool on the dates and at the rates indicated
below:
DATE AMOUNT RATE
---- ------ ----
01/02/97 $ 600,000 5.47%
01/13/97 200,000 5.45
01/23/97 100,000 5.43
02/06/97 100,000 5.44
02/12/97 100,000 5.44
03/03/97 100,000 5.42
03/07/97 100,000 5.40
Dated: May 14, 1997 NATIONAL FUEL GAS COMPANY
By: /s/ Gerald T. Wehrlin
----------------------------------------
Gerald T. Wehrlin
Controller
Chase Securities, Inc.
270 Park Avenue
New York, New York 10017-2070
April 15, 1997
Ms. Donna Cambas
National Fuel Gas Company
10 Lafayette Square - Room 1500
Buffalo, New York 14203
Dear Ms. Cambas,
The is to advise you that in connection with the distribution of commercial
paper for the National Fuel Gas Company from January 2,1997 to March 31, 1997
all sales and resales on your behalf by Chase Securities, Inc. were made only to
those customers included in the Confidential List retained by the corporation of
National Fuel Gas Company's commercial paper program. The issuance of National
Fuel Gas Company commercial paper and sales thereof were made in accordance with
the provisions of that program. A summary of all trade activitiy for the quarter
is attached.
Sincerely,
/s/ Anton J. Schubert
Anton J. Schubert
Vice President
<PAGE>
Chase Securities, Inc.
270 Park Avenue
New York, NY 10017-2070
NATIONAL FUEL GAS COMPANY
-------------------------
First Quarter Performance Report
PAR ISSUE MATURITY
AMOUNT DATE DATE RATE YIELD TERM TYPE
15,000,000 01/21/97 04/21/97 5.42 5.4945 90 Days Discounted
10,000,000 01/28/97 03/20/97 5.40 5.4416 51 Days Discounted
5,000,000 01/28/97 03/24/97 5.40 5.4449 55 Days Discounted
5,000,000 02/10/97 04/18/97 5.37 5.4242 67 Days Discounted
- ----------
35,000,000
/s/ Anton J. Schubert
-------------------------------------
Anton J. Schubert, Vice President
Global Money Markets
Corporate and Institutional
Client Group
World Financial Center
North Tower
New York, New York 10281-1311
212 449 1000
FAX 212 449 0599
MERRILL LYNCH
April 3, 1997
Ms. Donna Cambas
National Fuel Gas Company
10 Lafayette Square - Room 1100
Buffalo, NY 14203
Dear Donna:
This is to advise you that in connection with the distribution of commercial
paper of National Fuel Gas Company from January 1, 1997 to March 31, 1997 no
sales or resales were made by Merrill Lynch Money Markets Inc. for National Fuel
Gas Company's commercial paper program. Verification of which is attached.
Sincerely,
/s/ Michael J. Maita
Michael J. Maita
Enclosure
<PAGE>
PROGRAM ISSUANCE TRADE DETAIL - CP
01/01/97 - 03/31/97
Pgm Fx/F1 Trade Dt Sett Dt MTY DTM PAR Rate Proceeds
TOTALS
------
Number of Trans: 0
Total Par 0
Total Proceeds 0
Dollar Weighted Averages
------------------------
Days to Mty: NaN
Rate: NaN
Programs:
N1 NATIONAL FUEL GAS CO.
04/03/97 Page 2
|
|