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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________
:
In the Matter of : CERTIFICATE
: of
CNG TRANSMISSION CORPORATION : NOTIFICATION
Clarksburg, West Virginia : NO. 17
: ____________
CNG IROQUOIS, INC. :
: TRANSACTIONS
File No. 70-7641 : DURING PERIOD
(Public Utility Holding Company Act of 1935) :
_____________________________________________ January 1, 1995
through
March 31, 1995
TO THE SECURITIES AND EXCHANGE COMMISSION:
By orders dated January 9, 1991, February 28, 1991 and May 7, 1991 (HCAR
Nos. 25239, 25263 and 25308, respectively) ("Orders"), in the above-captioned
proceeding, the Securities and Exchange Commission ("Commission") permitted the
Application-Declaration of CNG Transmission Corporation ("Transmission") and
CNG Iroquois, Inc. ("CNGI"), as amended, to become effective, thereby
authorizing Transmission to provide, through June 30, 1993, up to $35,000,000
of financing to CNGI through the purchase of common stock of CNGI and/or the
making of open account advances to CNGI. Transmission and CNGI were also
authorized by the Orders to provide, through June 30, 1993, up to $35,000,000
in guaranties and indemnities on behalf of CNGI and Iroquois Gas Transmission
System, L. P. ("Iroquois"), respectively, at any one time. The purpose of the
financing was to provide funds to CNGI for use relating to its 9.4% general
partnership interest in Iroquois, which was formed to construct and own an
interstate natural gas pipeline extending from the Canadian border to Long
Island, New York.
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By order dated July 6, 1993 (HCAR No. 25845), the Commission extended the
above-mentioned authorizations through June 30, 1996, up to an aggregate amount
of $20 million. In addition, the Commission pursuant to such Order authorized
CNGI and Transmission to obtain letters of credit and/or enter into
reimbursement agreements on behalf of Iroquois and CNGI respectively.
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 March 31, 1995, CNGI had 1,494 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
March 31, 1995.
(3) CNGI made no capital contributions to Iroquois during the first quarter
of 1995. As of March 31, 1995, CNGI has cumulatively made $16,487,882
of equity contributions to Iroquois.
(4) No funds were received from Iroquois during the first quarter of 1995
(representing CNGI's share from the partnership distribution).
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The "past-tense" opinion required by paragraph F(2) of the instructions as
to exhibits for Form U-1 will be filed when all of the transactions authorized
pursuant to said Orders have consummated.
CNG TRANSMISSION CORPORATION
CNG IROQUOIS, INC.
J. M. Hostetler
Their Attorney
Dated this 28th day
of April, 1995
