-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UQvrtzjQheoby6Zti79JBWG7JBHMNtj3owxeUqZzLgAWmzg9ixR1J8M+F5u2VN4A AnmFiX8ylkXn6NvnPszRDg== 0000893220-98-000834.txt : 19980504 0000893220-98-000834.hdr.sgml : 19980504 ACCESSION NUMBER: 0000893220-98-000834 CONFORMED SUBMISSION TYPE: U5S PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980430 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA ENERGY GROUP CENTRAL INDEX KEY: 0000022099 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] IRS NUMBER: 131594808 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U5S SEC ACT: SEC FILE NUMBER: 001-01098 FILM NUMBER: 98606929 BUSINESS ADDRESS: STREET 1: 12355 SUNRISE VALLEY DRIVE STREET 2: SUITE 300 CITY: RESTON STATE: VA ZIP: 20191-3458 BUSINESS PHONE: 7032950394 MAIL ADDRESS: STREET 1: 12355 SUNRISE VALLEY DRIVE STREET 2: SUITE 300 CITY: RESTON STATE: VA ZIP: 20191-3458 FORMER COMPANY: FORMER CONFORMED NAME: COLUMBIA GAS SYSTEM INC DATE OF NAME CHANGE: 19920703 U5S 1 COLUMBIA ENERGY GROUP ANNUAL REPORT 12/31/97 1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM U5S ANNUAL REPORT For the Year Ended December 31, 1997 Filed pursuant to the Public Utility Holding Company Act of 1935 COLUMBIA ENERGY GROUP (Name of registered holding company) 12355 Sunrise Valley Drive, Suite 300 Reston, Virginia 20191-3420 ================================================================================ 2 ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM U5S ANNUAL REPORT For the Year Ended December 31, 1997 Filed pursuant to the Public Utility Holding Company Act of 1935 COLUMBIA ENERGY GROUP (Name of registered holding company) 12355 Sunrise Valley Drive, Suite 300 Reston, Virginia 20191-3420 ================================================================================ 3 TABLE OF CONTENTS
PAGE NO. OR ITEM EXHIBIT - ---- ------- 1 System Companies and Investment Therein as of December 31, 1997............................ 3-6 2 Acquisitions or Sales of Utility Assets ................................................... 7 3 Issue, Sale, Pledge, Guarantee or Assumption of System Securities ......................... 7 4 Acquisition, Redemption or Retirement of System Securities ................................ 8-10 5 Investments in Securities of Nonsystem Companies .......................................... 10 6 Officers and Directors .................................................................... 11-44 7 Contributions and Public Relations ........................................................ 45 8 Service, Sales and Construction Contracts ................................................. 46-49 9 Wholesale Generators and Foreign Utility Companies ........................................ 49 10 Financial Statements and Exhibits ......................................................... 50 Consolidating Financial Statements ........................................................ 50 (F1 to F6) Signature of Registrant's Officer ......................................................... 52 Exhibits: 53 Securities and Exchange Act of 1934 Reports ............................................. A Index to Corporate Organization & By-Laws Exhibits ...................................... B Indentures or Contracts ................................................................. C Tax Allocation Agreement for 1997 ....................................................... D Other Documents Prescribed by Rule or Order ............................................. E Report of Independent Public Accountants ................................................ F Financial Data Tables ................................................................... G Organizational Chart of Exempt Wholesale Generators or Foreign Utility Holding Companies................................................................................ H Audited Financial Statements and Analytical Reviews and Conclusions Regarding Exempt Wholesale Generators or Foreign Utility Holding Companies ........................ I
2 4 ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 1997
Issuer Owner % Of Book Book Number of Common Voting Value Value Name of Company (Company Abbreviation) Shares Owned Power ($000) ($000) -------------------------------------- ---------------- ------ ------- ------- Columbia Energy Group (Registrant, CG) Columbia Gas of Kentucky, Inc. (CKY) ....................... 952,248 100.0 66,661 66,661 Unsecured Debt .......................................... - - 54,494 54,494 Columbia Gas of Maryland, Inc. (CMD) ....................... 2,883 100.0 22,400 22,400 Unsecured Debt .......................................... - - 17,819 17,819 Columbia Gas of Ohio, Inc. (COH)............................ 4,769,585 100.0 422,486 422,486 Unsecured Debt .......................................... - - 319,959 319,959 Columbia Gas of Pennsylvania, Inc. (CPA) ................... 3,405,112 100.0 216,115 216,115 Unsecured Debt........................................... - - 148,451 148,451 Columbia Gas of Virginia, Inc. (COS) ...................... 1,306,106 100.0 141,795 142,078 Unsecured Debt........................................... - - 116,677 116,677 Columbia Gas Transmission Corporation (TCO) ................ 1,934 100.0 977,067 977,067 Unsecured Debt........................................... - - 1,913 1,913 Secured Debt............................................. - - 643,000 643,000 Columbia Gulf Transmission Company (CGT) ................... 1,993 100.0 103,854 103,854 Unsecured Debt........................................... - - 68,414 68,414 Unconsolidated Affiliates: Trailblazer Pipeline Company (a)...................... - 33.3 24,705 24,705 Columbia Atlantic Trading Corporation (CAT) ................ 308 100.0 629 629 Columbia Energy Group Service Corporation (CS) ............. 3,000 100.0 13,186 13,186 Unsecured Debt .......................................... - - 16,043 16,043 Columbia LNG Corporation (CLG) ............................. 3,519 92.1 19,752 23,501 CLNG Corporation (CLNG) ................................. 155 100.0 249 249 Unconsolidated Affiliate: Cove Point LNG Limited Partnership (b) ................ - 50.0 13,611 13,611 Columbia Natural Resources, Inc. (CNR)...................... 5,379,029 100.0 225,387 225,387 Unsecured Debt .......................................... - - 114,850 114,850 Subsidiary: Alamco, Inc. (c)...................................... 4,876,170 100.0 54,143 54,143 Subsidiaries: Alamco-Delaware, Inc. (d)............................. - 100.0 6,151 6,151 Hawg-Hauling and Disposal, Inc. (e)................... 100,000 100.0 815 815 Columbia Propane Corporation (CPC) (f)..................... 1,377 100.0 23,962 24,466 Unsecured Debt........................................... - - 19,388 19,388
3 5 ITEM 1. Continued
Issuer Owner % Of Book Book Number of Common Voting Value Value Name of Company (Company Abbreviation) Shares Owned Power ($000) ($000) -------------------------------------- ---------------- ------ ------ ------ Unconsolidated Affiliate: Atlantic Energy, Inc. (AEI) (g)......................... 3,500 50.0 1,745 1,745 Columbia Networks Services Corporation (CNS)................... 600 - 4,358 4,358 CNS Microwave, Inc. (CMC)................................. 50 100.0 370 370 Unconsolidated Affiliate: EnergyNet, L.L.C. (h)................................... - 50 959 959 Columbia Insurance Corporation, Ltd. (CIC)..................... 4,800 100.0 1,506 1,506 Columbia Energy Services Corporation (CES) .................... 419,657 100.0 33,603 33,603 Subsidiaries: Columbia Energy Marketing Corporation (CEM)............... 101 100.0 1,702 1,702 Columbia Energy Power Marketing Corporation (CEPM) (i).... 1 100.0 66 66 Columbia Service Partners, Inc. (CSP)..................... 200 100.0 558 558 TriStar Capital Corporation (TCC) ............................ 3,000 100.0 1,518 1,518 Subsidiary: TriStar Gas Technologies, Inc. (TGT)...................... 40,000 100.0 1,450 1,450 Unconsolidated Affiliate: Enertek Partners, LP (j) .............................. - 16.5 1,201 1,201 Columbia Electric Corporation (TVC)........................... 1,835 100.0 46,139 46,139 Subsidiaries: TriStar Pedrick General Corporation (PGC)................. 3,000 100.0 3,004 3,004 Unconsolidated Affiliate: Pedricktown Cogeneration Limited Partnership (k)...................................... - 15.0 3,826 3,826 TriStar Pedrick Limited Corporation (PLC)................. 42 100.0 7,175 7,175 Unconsolidated Affiliate: Pedricktown Cogeneration Limited Partnership (k)...................................... - 35.0 8,928 8,928 *TriStar Fuel Cells Corporation (FC)........................ 3,000 100.0 - - TriStar Binghamton General Corporation (BGC).............. 118 100.0 1,344 1,344 Unconsolidated Affiliate: Binghamton Cogeneration Limited Partnership (l)........................................ - 10.0 380 380 TriStar Binghamton Limited Corporation (BLC).............. 142 100.0 3,247 3,247 Unconsolidated Affiliate: Binghamton Cogeneration Limited
4 6 ITEM 1. Continued
Issuer Owner % Of Book Book Number of Common Voting Value Value Name of Company (Company Abbreviation) Shares Owned Power ($000) ($000) -------------------------------------- ---------------- ------ ------ ------ Partnership (l)........................................ - 23.3 884 884 * TriStar Georgetown General Corporation (GGC)............... 401 100.0 - - Unconsolidated Affiliate: * Georgetown Cogeneration Limited Partnership........................................... - 1.0 - - * TriStar Georgetown Limited Corporation (GLC).............. 3,000 100.0 - - Unconsolidated Affiliate: * Georgetown Cogeneration Limited Partnership ......................................... - 49.0 - - TriStar Vineland General Corporation (VGC)................. 2,704 100.0 512 512 Unconsolidated Affiliate: Vineland Cogeneration Limited Partnership (m).......... - 5.0 412 412 TriStar Vineland Limited Corporation (VLC)................. 2,385 100.0 4,232 4,232 Unconsolidated Affiliate: Vineland Cogeneration Limited Partnership (m).......... - 45.0 3,705 3,705 TriStar Rumford Limited Corporation (RL)................... 1 100.0 3,144 3,144 Unconsolidated Affiliate: Rumford Cogeneration Company (n)..................... - 10.2 7,070 7,070 * TriStar Nine Corporation (TVC9)........................... 1 100.0 - - * TriStar Ten Corporation (TVC10)........................... 1 100.0 - - Unconsolidated Affiliate: Cogeneration Partners of America (o) .................... - 50.0 - -
* Inactive companies. (a) Partnership interest in the Trailblazer Pipeline Company. Partners each owning a thirty-three and one- third percent (33-1/3%). (b) As of January 27, 1994, Columbia LNG Corporation ("CLG"), together with its wholly-owned subsidiary, CLNG Corporation ("CLNG"), entered into an Amended and Restated Agreement of Limited Partnership (the "L.P. Agreement") to form Cove Point LNG Limited Partnership (the "Partnership"), with Cove Point Energy Company, Inc. ("COPE") and PEPCO Energy Company, Inc. ("PENCO"). Under the L.P. Agreement, CLNG and COPE are each general partners of the Partnership. Each of the general partners has a one (1%) percent ownership interest and fifty (50%) percent of the Partnership's voting power. CLG and PENCO each are limited partners of the Partnership, holding respectively, forty-nine (49%) percent ownership interests in the Partnership. The limited partners have no voting power (except in certain extraordinary situations). (c) On August 7, 1997, CNR acquired Alamco, a gas and oil production company that operates in the Appalachian Basin for $101 million. Alamco was incorporated in the state of Delaware. (d) Alamco-Delaware, Inc. was incorporated in Delaware on July 21, 1994. Alamco-Delaware manage and invest the capital of Alamco not needed for other corporate activities. (e) Hawg Hauling and Disposal, Inc. was incorporated in West Virginia on March 17, 1993. Hawg Hauling and Disposal, Inc. is a commercial brine hauling and disposal service company. The company accepts brine, which is produced naturally with gas and oil, from wells operated by CNR as well as from other operators. 5 7 (f) In October 1997, CPI was merged into CPC. (g) Atlantic Energy, Inc. is an unconsolidated subsidiary of Columbia Propane Corp., accounted for as an investment using the equity method. Columbia Propane Corp. and Conoco, Inc. each have a fifty percent (50%) ownership interest in the propane storage facility. (h) EnergyNet, L.L.C. was organized in the state of Delaware on June 30, 1997. EnergyNet was established primarily to develop and market a centralized energy data exchange service that will enable customers involved in the transportation and distribution of natural gas to conduct business transactions through one central access point via the internet or private network. In June 1997, CNS contributed $1,000,000 to the partnership for 50% ownership. (i) Columbia Power Marketing Corporation (CPM) was incorporated in the state of Delaware on December 15, 1997. Effective March 2, 1998, the name was changed to Columbia Energy Power Marketing Corporation (CEPM). CEPM holds a FERC license to sell electricity. (j) Partnership interest in Enertek L.P. (EnerTek). EnerTek is a gas industry fund that invests in companies developing new technologies to enhance the supply, transportation and utilization of natural gas. The limited partners and their ownership interest include Battelle Memorial Institute (8.26%); Brooklyn Union Gas Company (16.32%), CNG Technologies, Inc. (16.54%); Enron Venture Capital Company (16.54%); Equitable Resources, Inc. (8.26%); Southern California Gas Company (16.54%); and TriStar Gas Technologies, Inc. (16.54%). Scientific Advances, Inc. is the general partner owning (1.00%) (k) Partnership interest in Pedricktown Cogeneration Limited Partnership. The general partners are Pedrick General, Inc. and TriStar Pedrick General Corporation, each of which owns one-half of the thirty percent (30%) general partnership interest. The limited partners are Pedrick Limited, Inc. and TriStar Pedrick Limited Corporation, each of which owns one-half of the seventy percent (70%) limited partnership interest. Pedrick General, Inc. and Pedrick Limited, Inc. are subsidiaries of Atlantic Generation, Inc. (l) Partnership interest in Binghamton Cogeneration Limited Partnership. The general partners are Binghamton General, Inc.; S.N.W. Binghamton I, L.P.; and TriStar Binghamton General Corporation, each of which owns one-third of the thirty percent (30%) general partnership interest. The limited partners are Binghamton Limited, Inc.; S.N.W. Binghamton II, L.P.; and TriStar Binghamton Limited Corporation, each of which owns one-third of the seventy percent (70%) limited partnership interest. Binghamton General, Inc. and Binghamton Limited, Inc. are subsidiaries of Atlantic Generation, Inc. and S.N.W. Binghamton I, L.P. and S.N.W. Binghamton II, L.P. are subsidiaries of Stone & Webster Development Corp. (m) Partnership interest in Vineland Cogeneration Limited Partnership. The general partners are Vineland General, Inc. and TriStar Vineland General Corporation, each of which owns one-half of the ten percent (10%) general partnership interest. The limited partners are Vineland Limited, Inc. and TriStar Vineland Limited Corporation, each of which owns one-half of the ninety percent (90%) limited partnership interest. Vineland General, Inc. and Vineland Limited, Inc. are subsidiaries of Atlantic Generation, Inc. (n) Partnership interest in Rumford Cogeneration Company. The limited partners and the percent of ownership interest of each include: TriStar Rumford Limited Corporation (10.2%), UtilCo Group, Inc. (10.2%), Nichimen America, Inc. (10.2%), Dominion Energy, Inc. (10.2%), Rumford Power Associates, Inc. (14.1%) and Catamount Rumford Corp. (15.1%). Rumford Cogeneration, Inc. is the general partner owning 30.0%. (o) Partnership interest in Cogeneration Partners of America. Columbia Electric Corporation and Atlantic Generation, Inc. each own 50%. Cogeneration Partners of America ceased operations in May 1994. The activities formerly performed by Cogeneration Partners of America are being performed by Columbia Electric Corporation and Atlantic Generation, Inc. 6 8 ITEM 2. ACQUISITIONS OR SALES OF UTILITY ASSETS None. ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM SECURITIES None. 7 9 ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES DURING 1997 CONFIDENTIAL TREATMENT REQUESTED 8 10 CONFIDENTIAL TREATMENT REQUESTED 9 11 ITEM 5. INVESTMENTS IN SECURITIES OF NONSYSTEM COMPANIES CONFIDENTIAL TREATMENT REQUESTED 10 12 ITEM 6. OFFICERS AND DIRECTORS Part I. Names, principal business address and positions held as of December 31, 1997. The names, principal address and positions held as of December 31, 1997 of the officers and directors of System companies is presented in the tables on pages 13 through 30. The principal business address of each officer and director is indicated in such tables by the numbers (1) through (34). The addresses associated with these number designations are shown in the following address key. The symbols used to indicate the positions held by officers and directors are shown in the position symbol key below. Ref.# Address 1 12355 Sunrise Valley Drive, Suite 300, Reston, Virginia 20191-3420 2 200 Civic Center Drive, Columbus, Ohio 43215 3 205 Van Buren, #120, Herndon, Virginia 20170 4 77 Beachside Avenue, Green Farms, Connecticut 06436 5 2077 Jupiter Hills Lane, Henderson, Nevada 89012 6 10 Harleston Green, Hilton Head, South Carolina 29928 7 62 Sherwood Drive, New Providence, New Jersey 07974 8 One Seagate, Suite 1400, Toledo, Ohio 43653 9 1700 MacCorkle Avenue, S.E., Charleston, West Virginia 23236 10 1801-L Sara Drive, Chesapeake, Virginia 23320 11 3147 Keywest Court, Wichita, Kansas 67204 12 700 13th St., N.W., Suite 900, Washington, DC 20005 13 2603 Augusta, Houston, Texas 77057-5637 14 Dial Tower, Phoenix, Arizona 85077-1921 15 1600 Dublin Road, Columbus, Ohio 43215 16 1455 Pennsylvania Avenue, Washington, DC 20004 17 9200 Arboretum Parkway, Richmond, Virginia 23235 18 P.O. Box 6070, Charleston, West Virginia 25362 19 2100 Cove Point Road, Lusby, Maryland 20687 20 14 Brookside Rd., Biltmore Forest, Asheveille, North Carolina 28803 21 No. 4 Bottomley Crescent, New Albany, Ohio 43054 22 509 Preston Avenue, Blacksburg, Virginia 24061-0200 23 12801 Fair Lakes Parkway, Fairfax, Virginia 22030 24 2001 Mercer Road, Lexington, Kentucky 40511 25 9001 Arboretum Parkway, Richmond, Virginia 23235 26 650 Washington Road, Pittsburgh, Pennsylvania 15228-2703 27 505 King Avenue, Columbus, Ohio 43201 28 121 Hillpointe Drive, #100, Canonsburg, Pennsylvania 15317 29 P.O. Box 2187, Houston , Texas 77252 30 120 Arrandale Boulevard, Exton, Pennsylvania 19341-2512 31 1330 Post Oak Blvd., 20th Floor, Houston, Texas 77056 32 5501 Frantz Road, Dublin, Ohio 43017 33 12 Ridge Road, Bronxville, New York 10708 34 910 Newton Road, Charleston, West Virginia 25314 11 13 POSITION KEY CODE KEY CB - Chairman of the Board CAO - Chief Accounting Officer VP - Vice President D - Director CLO - Chief Legal Officer T - Treasurer CEO - Chief Executive Officer P - President S - Secretary COO - Chief Operating Officer EVP - Executive Vice President C - Controller CFO - Chief Financial Officer SVP - Senior Vice President GA - General Auditor GC - General Counsel
FOOTNOTE KEY (a) The officers and directors of the subsidiary of CLG listed in Item 1 are identical to the officers and directors of CLG. (b) The officers and directors of each of the thirteen subsidiaries of TVC listed in Item 1 are identical to the officers of TVC. The directors of each of the thirteen subsidiaries of TVC are James Alexander, Michael Gluckman and Raymond Kaskel. (c) The officers and directors of the subsidiary of TCC listed in Item 1 are identical to the officers and directors of TCC. (d) The officers of EnergyNet L.L.C., a 50% owned affiliate of CNS, are Steven Kretsch - President, Edward Harvey - Treasurer and Mark Cleaves - Secretary. (e) The officers and directors of Alamco-Delaware, Inc., a subsidiary of Alamco are: William H. Harmon - President, Chief Executive Officer and Director Mark A. Chandler - Treasurer and Director Frederick G. Kolb - Vice President James W. Trost - Vice President Willard Watson, Jr. - Vice President R. Neal Pierce, Jr. - Secretary Edward R. Lincoln - Controller (f) The officers and directors of Hawg Hauling and Disposal, Inc., a subsidiary of Alamco are: William H. Harmon - President, Chief Executive Officer and Director Mark A. Chandler - Treasurer and Director Frederick G. Kolb - Vice President James W. Trost - Vice President Willard Watson, Jr. - Vice President and Director R. Neal Pierce, Jr. - Secretary and Director 12 14 ITEM 6. Continued
- ------------------------------------------------------------------------------------------------------------------------------------ CG AEI CAT CKY CMD COH CPA CS TCO CGT CPC CLG CNR (a) (d) - ------------------------------------------------------------------------------------------------------------------------------------ Catherine G. Abbott CEO CEO Fairfax,Virginia (23) D P,D D - ------------------------------------------------------------------------------------------------------------------------------------ Carolyn M. Afshar Reston, Virginia (1) S S - ------------------------------------------------------------------------------------------------------------------------------------ Richard F. Albosta New Providence, New Jersey (7) D D - ------------------------------------------------------------------------------------------------------------------------------------ Philip R. Aldridge Reston, Virginia (1) VP - ------------------------------------------------------------------------------------------------------------------------------------ James T. Alexander Herndon, Virginia (3) - ------------------------------------------------------------------------------------------------------------------------------------ Steven R. Anastasio Reston, Virginia (1) VP - ------------------------------------------------------------------------------------------------------------------------------------ Carmen Andreoli Houston, Texas (31) - ------------------------------------------------------------------------------------------------------------------------------------ Michael Ashford Reston, Virginia (1) - ------------------------------------------------------------------------------------------------------------------------------------ Gary W. Babin Columbus, Ohio (2) VP - ------------------------------------------------------------------------------------------------------------------------------------ Gary A. Barnard T T Charleston, West Virginia (9) C C - ------------------------------------------------------------------------------------------------------------------------------------ Richard W. Beardsley Charleston, West Virginia (18) VP - ------------------------------------------------------------------------------------------------------------------------------------ Robert H. Beeby Green Farms, Connecticut (4) D D - ------------------------------------------------------------------------------------------------------------------------------------ Napoleon A. Bell Henderson, Nevada (5) D - ------------------------------------------------------------------------------------------------------------------------------------ Margaret W. Beasley Richmond, Virginia (17) S - ------------------------------------------------------------------------------------------------------------------------------------ Tejinder S. Bindra Reston, Virginia (1) S S S - ------------------------------------------------------------------------------------------------------------------------------------ Mary C. Bloom Fairfax, Virginia (23) VP - ------------------------------------------------------------------------------------------------------------------------------------ Douglas G. Borror Dublin, Ohio (32) D - ------------------------------------------------------------------------------------------------------------------------------------
13 15 ITEM 6. Continued
- ---------------------------------------------------------------------------------------------------------------------------------- Alamco COS CES CEM CEPM CSP TVC TCC CNS CMC CIC (e,f) (b) (c) - ---------------------------------------------------------------------------------------------------------------------------------- Catherine G. Abbott Fairfax,Virginia (23) D D - ---------------------------------------------------------------------------------------------------------------------------------- Carolyn M. Afshar Reston, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------------- Richard F. Albosta New Providence, New Jersey (7) - ---------------------------------------------------------------------------------------------------------------------------------- Philip R. Aldridge D D Reston, Virginia (1) P P - ---------------------------------------------------------------------------------------------------------------------------------- James T. Alexander Herndon, Virginia (3) VP - ---------------------------------------------------------------------------------------------------------------------------------- Steven R. Anastasio Reston, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------------- Carmen Andreoli Houston, Texas (31) VP - ---------------------------------------------------------------------------------------------------------------------------------- Michael Ashford Reston, Virginia (1) S - ---------------------------------------------------------------------------------------------------------------------------------- Gary W. Babin Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------------- Gary A. Barnard Charleston, West Virginia (9) - ---------------------------------------------------------------------------------------------------------------------------------- Richard W. Beardsley Charleston, West Virginia (18) - ---------------------------------------------------------------------------------------------------------------------------------- Robert H. Beeby Green Farms, Connecticut (4) - ---------------------------------------------------------------------------------------------------------------------------------- Napoleon A. Bell Henderson, Nevada (5) - ---------------------------------------------------------------------------------------------------------------------------------- Margaret W. Beasley Richmond, Virginia (17) - ---------------------------------------------------------------------------------------------------------------------------------- Tejinder S. Bindra Reston, Virginia (1) S S D,VP - ---------------------------------------------------------------------------------------------------------------------------------- Mary C. Bloom Fairfax, Virginia (23) - ---------------------------------------------------------------------------------------------------------------------------------- Douglas G. Borror Dublin, Ohio (32) - ----------------------------------------------------------------------------------------------------------------------------------
14 16 ITEM 6. Continued
- ------------------------------------------------------------------------------------------------------------------------------------ CG AEI CAT CKY CMD COH CPA CS TCO CGT CPC CLG CNR (a) (d) - ------------------------------------------------------------------------------------------------------------------------------------ Debbie Bowyer Charleston, West Virginia (18) T - ----------------------------------------------------------------------------------------------------------------------------------- Andrew Mason Brent CB P Richmond, Virginia (17) D D - ----------------------------------------------------------------------------------------------------------------------------------- L. Michael Bridges P P, D Reston, Virginia (1) D CEO - ----------------------------------------------------------------------------------------------------------------------------------- Donald A. Brooks Charleston, West Virginia (9) VP - ----------------------------------------------------------------------------------------------------------------------------------- Wilson K. Cadman Wichita, Kansas (11) D D - ----------------------------------------------------------------------------------------------------------------------------------- Richard Casali Washington, DC (12) VP VP - ----------------------------------------------------------------------------------------------------------------------------------- Michael Casdorph Charleston, West Virginia (9) SVP - ----------------------------------------------------------------------------------------------------------------------------------- Mark A. Chandler CFO Charleston, West Virginia (18) VP - ----------------------------------------------------------------------------------------------------------------------------------- Kenneth W. Christman Pittsburgh, Pennsylvania (26) GC GC - ----------------------------------------------------------------------------------------------------------------------------------- Mark A. Cleaves Reston, Virginia (1) - ----------------------------------------------------------------------------------------------------------------------------------- Mark C. Darell Reston, Virginia (1) - ----------------------------------------------------------------------------------------------------------------------------------- Rene Dartez Houston, Texas (13) VP - ----------------------------------------------------------------------------------------------------------------------------------- Gregory S. Davis Houston, Texas (31) - ----------------------------------------------------------------------------------------------------------------------------------- Dennis P. Detar Herndon, Virginia (3) - ----------------------------------------------------------------------------------------------------------------------------------- James H. Dissen Charleston, West Virginia (18) VP - ----------------------------------------------------------------------------------------------------------------------------------- Sheree L. Parks Downey Charleston, West Virginia (9) VP - ----------------------------------------------------------------------------------------------------------------------------------- Scott S. Eblin Charleston, West Virginia (9) VP VP - -----------------------------------------------------------------------------------------------------------------------------------
15 17 ITEM 6. Continued
- ---------------------------------------------------------------------------------------------------------------------------------- Alamco COS CES CEM CEPM CSP TVC TCC CNS CMC CIC (e,f) (b) (c) - ---------------------------------------------------------------------------------------------------------------------------------- Debbie Bowyer Charleston, West Virginia (18) - ---------------------------------------------------------------------------------------------------------------------------------- Andrew Mason Brent Richmond, Virginia (17) - ---------------------------------------------------------------------------------------------------------------------------------- L. Michael Bridges Reston, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------------- Donald A. Brooks Charleston, West Virginia (9) - ---------------------------------------------------------------------------------------------------------------------------------- Wilson K. Cadman Wichita, Kansas (11) - ---------------------------------------------------------------------------------------------------------------------------------- Richard Casali Washington, DC (12) - ---------------------------------------------------------------------------------------------------------------------------------- Michael Casdorph Charleston, West Virginia (9) - ---------------------------------------------------------------------------------------------------------------------------------- Mark A. Chandler D Charleston, West Virginia (18) T - ---------------------------------------------------------------------------------------------------------------------------------- Kenneth W. Christman Pittsburgh, Pennsylvania (26) - ---------------------------------------------------------------------------------------------------------------------------------- Mark A. Cleaves Reston, Virginia (1) S - ---------------------------------------------------------------------------------------------------------------------------------- Mark C. Darell Reston, Virginia (1) GC - ---------------------------------------------------------------------------------------------------------------------------------- Rene Dartez Houston, Texas (13) - ---------------------------------------------------------------------------------------------------------------------------------- Gregory S. Davis Houston, Texas (31) VP VP - ---------------------------------------------------------------------------------------------------------------------------------- Dennis P. Detar T Herndon, Virginia (3) C - ---------------------------------------------------------------------------------------------------------------------------------- James H. Dissen Charleston, West Virginia (18) - ---------------------------------------------------------------------------------------------------------------------------------- Sheree L. Parks Downey Charleston, West Virginia (9) - ---------------------------------------------------------------------------------------------------------------------------------- Scott S. Eblin Charleston, West Virginia (9) - ----------------------------------------------------------------------------------------------------------------------------------
16 18 ITEM 6. Continued
- ---------------------------------------------------------------------------------------------------------------------------------- CG AEI CAT CKY CMD COH CPA CS TCO CGT CPC CLG CNR (a) (d) - ---------------------------------------------------------------------------------------------------------------------------------- Reston, Virginia (1) VP - ----------------------------------------------------------------------------------------------------------------------------------- Paul Feldman Reston, Virginia (1) - ----------------------------------------------------------------------------------------------------------------------------------- Mark A. Ferman Charleston, West Virginia (9) VP - ----------------------------------------------------------------------------------------------------------------------------------- Louis E. Font Reston, Virginia (1) D,SVP - ----------------------------------------------------------------------------------------------------------------------------------- Donato Furlano Columbus, Ohio (15) C - ----------------------------------------------------------------------------------------------------------------------------------- Phil Glaessner Houston, Texas (31) - ----------------------------------------------------------------------------------------------------------------------------------- Dr. Michael J. Gluckman Herndon, Virginia (3) - ----------------------------------------------------------------------------------------------------------------------------------- Stephen E. Greene Columbus, Ohio (2) VP - ----------------------------------------------------------------------------------------------------------------------------------- Jeffrey W. Grossman CAO Reston, Virginia (1) VP,C D,T VP - ----------------------------------------------------------------------------------------------------------------------------------- Patricia A. Hammick Reston, Virginia (1) VP - ----------------------------------------------------------------------------------------------------------------------------------- Michael Hardy Reston, Virginia (1) - ----------------------------------------------------------------------------------------------------------------------------------- Dan Hargreaves Houston, Texas (31) - ----------------------------------------------------------------------------------------------------------------------------------- William H. Harmon CEO Charleston, West Virginia (18) D,P - ----------------------------------------------------------------------------------------------------------------------------------- James W. Hart, Jr. Houston, Texas (13) VP - ----------------------------------------------------------------------------------------------------------------------------------- Edward D. Harvey, Jr. Reston, Virginia (1) - ----------------------------------------------------------------------------------------------------------------------------------- Stephen J. Harvey Herndon, Virginia (3) VP - ----------------------------------------------------------------------------------------------------------------------------------- Sharon B. Heaton Reston, Virginia (1) VP - -----------------------------------------------------------------------------------------------------------------------------------
17 19 ITEM 6. Continued
- ---------------------------------------------------------------------------------------------------------------------------------- Alamco COS CES CEM CEPM CSP TVC TCC CNS CMC CIC (e,f) (b) (c) - ---------------------------------------------------------------------------------------------------------------------------------- Reston, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------------- Paul Feldman CEO Reston, Virginia (1) D,P - ---------------------------------------------------------------------------------------------------------------------------------- Mark A. Ferman Charleston, West Virginia (9) - ---------------------------------------------------------------------------------------------------------------------------------- Louis E. Font Reston, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------------- Donato Furlano Columbus, Ohio (15) T T - ---------------------------------------------------------------------------------------------------------------------------------- Phil Glaessner CEO,D Houston, Texas (31) SVP P - ---------------------------------------------------------------------------------------------------------------------------------- Dr. Michael J. Gluckman CEO Herndon, Virginia (3) P,D - ---------------------------------------------------------------------------------------------------------------------------------- Stephen E. Greene Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------------- Jeffrey W. Grossman Reston, Virginia (1) T D - ---------------------------------------------------------------------------------------------------------------------------------- Patricia A. Hammick Reston, Virginia (1) D D - ---------------------------------------------------------------------------------------------------------------------------------- Michael Hardy Reston, Virginia (1) D - ---------------------------------------------------------------------------------------------------------------------------------- Dan Hargreaves Houston, Texas (31) VP - ---------------------------------------------------------------------------------------------------------------------------------- William H. Harmon D,P Charleston, West Virginia (18) CEO - ---------------------------------------------------------------------------------------------------------------------------------- James W. Hart, Jr. Houston, Texas (13) - ---------------------------------------------------------------------------------------------------------------------------------- Edward D. Harvey, Jr. Reston, Virginia (1) T - ---------------------------------------------------------------------------------------------------------------------------------- Stephen J. Harvey Herndon, Virginia (3) SVP T P,D D - ---------------------------------------------------------------------------------------------------------------------------------- Sharon B. Heaton Reston, Virginia (1) D - ----------------------------------------------------------------------------------------------------------------------------------
18 20 ITEM 6. Continued
- --------------------------------------------------------------------------------------------------------------------------------- CG AEI CAT CKY CMD COH CPA CS TCO CGT CPC CLG CNR (a) (d) - --------------------------------------------------------------------------------------------------------------------------------- James P. Heffernan Bronxville, New York (33) D D - ------------------------------------------------------------------------------------------------------------------------------------ Laura M. Hehner Richmond, Virginia (25) - ------------------------------------------------------------------------------------------------------------------------------------ Karen L. Hendrick Reston, Virginia (1) D - ------------------------------------------------------------------------------------------------------------------------------------ Donald P. Hodel Chesapeake, Virginia (10) D D - ------------------------------------------------------------------------------------------------------------------------------------ Malcolm T. Hopkins Asheville, North Carolina (20) D D - ------------------------------------------------------------------------------------------------------------------------------------ Thomas L. Hughes Reston, Virginia (1) VP - ------------------------------------------------------------------------------------------------------------------------------------ Mike John Charleston, West Virginia (18) VP - ------------------------------------------------------------------------------------------------------------------------------------ J. Bennett Johnston Washington, D.C. (16) D - ------------------------------------------------------------------------------------------------------------------------------------ Edward P. Jarmas Herndon, Virginia (3) - ------------------------------------------------------------------------------------------------------------------------------------ James A. Jarrell Charleston, West Virginia (9) S,GC - ------------------------------------------------------------------------------------------------------------------------------------ John H. Jennrich Reston, Virginia (1) D, VP - ------------------------------------------------------------------------------------------------------------------------------------ Malcolm Jozoff Phoenix, Arizona (14) D D - ------------------------------------------------------------------------------------------------------------------------------------ Raymond R. Kaskel D Reston, Virginia (1) D SVP D D D - ------------------------------------------------------------------------------------------------------------------------------------ Joseph W. Kelly Lexington, Kentucky (24) VP - ------------------------------------------------------------------------------------------------------------------------------------ Charlotte P. Kessler New Albany, Ohio (21) D - ------------------------------------------------------------------------------------------------------------------------------------ Glen L. Kettering D Fairfax, Virginia (23) SVP - ------------------------------------------------------------------------------------------------------------------------------------ Peter J. Kinsella Fairfax, Virginia (23) VP - ------------------------------------------------------------------------------------------------------------------------------------
19 21 ITEM 6. Continued
- ---------------------------------------------------------------------------------------------------------------------------------- Alamco COS CES CEM CEPM CSP TVC TCC CNS CMC CIC (e,f) (b) (c) - ---------------------------------------------------------------------------------------------------------------------------------- James P. Heffernan Bronxville, New York (33) - ---------------------------------------------------------------------------------------------------------------------------------- Laura M. Hehner Richmond, Virginia (25) VP - ---------------------------------------------------------------------------------------------------------------------------------- Karen L. Hendrick Reston, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------------- Donald P. Hodel Chesapeake, Virginia (10) - ---------------------------------------------------------------------------------------------------------------------------------- Malcolm T. Hopkins Asheville, North Carolina (20) - ---------------------------------------------------------------------------------------------------------------------------------- Thomas L. Hughes Reston, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------------- Mike John Charleston, West Virginia (18) - ---------------------------------------------------------------------------------------------------------------------------------- J. Bennett Johnston Washington, D.C. (16) D - ---------------------------------------------------------------------------------------------------------------------------------- Edward P. Jarmas Herndon, Virginia (3) VP - ---------------------------------------------------------------------------------------------------------------------------------- James A. Jarrell Charleston, West Virginia (9) - ---------------------------------------------------------------------------------------------------------------------------------- John H. Jennrich Reston, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------------- Malcolm Jozoff Phoenix, Arizona (14) - ---------------------------------------------------------------------------------------------------------------------------------- Raymond R. Kaskel Reston, Virginia (1) D D D D D - ---------------------------------------------------------------------------------------------------------------------------------- Joseph W. Kelly Lexington, Kentucky (24) - ---------------------------------------------------------------------------------------------------------------------------------- Charlotte P. Kessler New Albany, Ohio (21) - ---------------------------------------------------------------------------------------------------------------------------------- Glen L. Kettering Fairfax, Virginia (23) - ---------------------------------------------------------------------------------------------------------------------------------- Peter J. Kinsella Fairfax, Virginia (23) - ----------------------------------------------------------------------------------------------------------------------------------
20 22 ITEM 6. Continued
- --------------------------------------------------------------------------------------------------------------------------------- CG AEI CAT CKY CMD COH CPA CS TCO CGT CPC CLG CNR (a) (d) - --------------------------------------------------------------------------------------------------------------------------------- Fredrick G. Kolb Charleston, West Virginia (18) VP - ------------------------------------------------------------------------------------------------------------------------------------ Marshall D. Lang Canonsburg, Pennsylvania (28) - ------------------------------------------------------------------------------------------------------------------------------------ William J, Lavelle Columbus, Ohio (2) VP VP VP - ------------------------------------------------------------------------------------------------------------------------------------ Dr. William E. Lavery Blacksburg, Virginia (22) D - ------------------------------------------------------------------------------------------------------------------------------------ James R. Lee Columbus, Ohio (2) SVP SVP SVP SVP - ------------------------------------------------------------------------------------------------------------------------------------ Ed R. Lincoln Charleston, West Virginia (18) C - ------------------------------------------------------------------------------------------------------------------------------------ C. Thomas Lowrie Pittsburgh, Pennsylvania (26) VP VP - ------------------------------------------------------------------------------------------------------------------------------------ David L. Lugar D Houston, Texas (29) P - ------------------------------------------------------------------------------------------------------------------------------------ Stephen T. MacQueen Lusby, Maryland (19) C - ------------------------------------------------------------------------------------------------------------------------------------ Philip Magley SVP Reston, Virginia (1) D - ------------------------------------------------------------------------------------------------------------------------------------ Richard. A. Manson Canonsburg, Pennsylvania (28) - ------------------------------------------------------------------------------------------------------------------------------------ W. Harris Marple Houston, Texas (13) VP - ------------------------------------------------------------------------------------------------------------------------------------ Gerald E. Mayo Hilton Head, S. Carolina (6) D D - ------------------------------------------------------------------------------------------------------------------------------------ James C. McDonnell Reston, Virginia (1) - ------------------------------------------------------------------------------------------------------------------------------------ Andrew P. McDowell Reston, Virginia (1) - ------------------------------------------------------------------------------------------------------------------------------------ Dennis W. McFarland SVP Columbus, Ohio (2) T T - ------------------------------------------------------------------------------------------------------------------------------------ James A. McGehee, Jr. VP Richmond, Virginia (17) D - ------------------------------------------------------------------------------------------------------------------------------------
21 23 ITEM 6. Continued
- ---------------------------------------------------------------------------------------------------------------------------------- Alamco COS CES CEM CEPM CSP TVC TCC CNS CMC CIC (e,f) (b) (c) - ---------------------------------------------------------------------------------------------------------------------------------- Fredrick G. Kolb Charleston, West Virginia (18) VP - ---------------------------------------------------------------------------------------------------------------------------------- Marshall D. Lang Canonsburg, Pennsylvania (28) VP VP - ---------------------------------------------------------------------------------------------------------------------------------- William J, Lavelle Columbus, Ohio (2) VP - ---------------------------------------------------------------------------------------------------------------------------------- Dr. William E. Lavery Blacksburg, Virginia (22) D - ---------------------------------------------------------------------------------------------------------------------------------- James R. Lee Columbus, Ohio (2) SVP - ---------------------------------------------------------------------------------------------------------------------------------- Ed R. Lincoln Charleston, West Virginia (18) - ---------------------------------------------------------------------------------------------------------------------------------- C. Thomas Lowrie Pittsburgh, Pennsylvania (26) - ---------------------------------------------------------------------------------------------------------------------------------- David L. Lugar Houston, Texas (29) - ---------------------------------------------------------------------------------------------------------------------------------- Stephen T. MacQueen Lusby, Maryland (19) - ---------------------------------------------------------------------------------------------------------------------------------- Philip Magley Reston, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------------- Richard. A. Manson Canonsburg, Pennsylvania (28) VP - ---------------------------------------------------------------------------------------------------------------------------------- W. Harris Marple Houston, Texas (13) - ---------------------------------------------------------------------------------------------------------------------------------- Gerald E. Mayo Hilton Head, S. Carolina (6) - ---------------------------------------------------------------------------------------------------------------------------------- James C. McDonnell Reston, Virginia (1) VP - ---------------------------------------------------------------------------------------------------------------------------------- Andrew P. McDowell Reston, Virginia (1) S - ---------------------------------------------------------------------------------------------------------------------------------- Dennis W. McFarland Columbus, Ohio (2) T - ---------------------------------------------------------------------------------------------------------------------------------- James A. McGehee, Jr. Richmond, Virginia (17) - ----------------------------------------------------------------------------------------------------------------------------------
22 24 ITEM 6. Continued
- ------------------------------------------------------------------------------------------------------------------------------------ CG AEI CAT CKY CMD COH CPA CS TCO CGT CPC CLG CNR (a) (d) - ------------------------------------------------------------------------------------------------------------------------------------ Terrance L. McGill Houston, Texas (13) SVP P,D - ------------------------------------------------------------------------------------------------------------------------------------ Steve R. Melton S,GC Houston, Texas (13) VP - ------------------------------------------------------------------------------------------------------------------------------------ Jeffrey A. Meyers Columbus, Ohio (15) - ------------------------------------------------------------------------------------------------------------------------------------ Ellen L. Milnes Columbus, Ohio (2) VP - ------------------------------------------------------------------------------------------------------------------------------------ Pamela R. Murphy Herndon, Virginia (3) - ------------------------------------------------------------------------------------------------------------------------------------ Terrence J. Murphy Pittsburgh, Pennsylvania (26) SVP SVP - ------------------------------------------------------------------------------------------------------------------------------------ Richard A. Newbold Columbus, Ohio (2) VP - ------------------------------------------------------------------------------------------------------------------------------------ Sheldon M. Nordin Richmond, Virginia (17) T T - ------------------------------------------------------------------------------------------------------------------------------------ Gary B. Nunnally Houston, Texas (29) D - ------------------------------------------------------------------------------------------------------------------------------------ Michael W. O'Donnell SVP SVP Reston, Virginia (1) CFO D D D D CFO,D D D D D D - ------------------------------------------------------------------------------------------------------------------------------------ Kathleen O' Leary Fairfax, Virginia (23) VP VP - ------------------------------------------------------------------------------------------------------------------------------------ Douglas E. Olesen Columbus, Ohio (27) D D - ------------------------------------------------------------------------------------------------------------------------------------ James J. Ostertag Reston, Virginia (1) - ------------------------------------------------------------------------------------------------------------------------------------ Nicholas A. Parillo Reston, Virginia (1) VP - ------------------------------------------------------------------------------------------------------------------------------------ John W. Partridge, Jr. Columbus, Ohio (2) SVP - ------------------------------------------------------------------------------------------------------------------------------------ David Pentzien Fairfax, Virginia (23) VP - ------------------------------------------------------------------------------------------------------------------------------------ Thomas E. Perkins, Jr. Richmond, Virginia (17) D VP - ------------------------------------------------------------------------------------------------------------------------------------
23 25 ITEM 6. Continued
- ---------------------------------------------------------------------------------------------------------------------------------- Alamco COS CES CEM CEPM CSP TVC TCC CNS CMC CIC (e,f) (b) (c) - ---------------------------------------------------------------------------------------------------------------------------------- Terrance L. McGill Houston, Texas (13) - ---------------------------------------------------------------------------------------------------------------------------------- Steve R. Melton Houston, Texas (13) - ---------------------------------------------------------------------------------------------------------------------------------- Jeffrey A. Meyers Columbus, Ohio (15) VP - ---------------------------------------------------------------------------------------------------------------------------------- Ellen L. Milnes Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------------- Pamela R. Murphy Herndon, Virginia (3) VP VP - ---------------------------------------------------------------------------------------------------------------------------------- Terrence J. Murphy Pittsburgh, Pennsylvania (26) - ---------------------------------------------------------------------------------------------------------------------------------- Richard A. Newbold Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------------- Sheldon M. Nordin Richmond, Virginia (17) - ---------------------------------------------------------------------------------------------------------------------------------- Gary B. Nunnally Houston, Texas (29) - ---------------------------------------------------------------------------------------------------------------------------------- Michael W. O'Donnell Reston, Virginia (1) D D D D D D D D D - ---------------------------------------------------------------------------------------------------------------------------------- Kathleen O' Leary Fairfax, Virginia (23) - ---------------------------------------------------------------------------------------------------------------------------------- Douglas E. Olesen Columbus, Ohio (27) - ---------------------------------------------------------------------------------------------------------------------------------- James J. Ostertag Reston, Virginia (1) D,VP - ---------------------------------------------------------------------------------------------------------------------------------- Nicholas A. Parillo Reston, Virginia (1) D,P - ---------------------------------------------------------------------------------------------------------------------------------- John W. Partridge, Jr. Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------------- David Pentzien Fairfax, Virginia (23) - ---------------------------------------------------------------------------------------------------------------------------------- Thomas E. Perkins, Jr. Richmond, Virginia (17) - ----------------------------------------------------------------------------------------------------------------------------------
24 26 ITEM 6. Continued
- ------------------------------------------------------------------------------------------------------------------------------------ CG AEI CAT CKY CMD COH CPA CS TCO CGT CPC CLG CNR (a) (d) - ------------------------------------------------------------------------------------------------------------------------------------ Cheryl A. Peters Columbus, Ohio (2) VP - ------------------------------------------------------------------------------------------------------------------------------------ Dennis A. Pick Reston, Virginia (1) VP - ------------------------------------------------------------------------------------------------------------------------------------ Thomas J. W. Pickard Columbus, Ohio (2) VP - ------------------------------------------------------------------------------------------------------------------------------------ R. Neal Pierce, Jr. S Charleston, West Virginia (3) GC,VP - ------------------------------------------------------------------------------------------------------------------------------------ Olga A. Polemitou VP Reston, Virginia (1) GA - ------------------------------------------------------------------------------------------------------------------------------------ Melanie K. Popovich Pittsburgh, Pennsylvania (26) VP VP - ------------------------------------------------------------------------------------------------------------------------------------ Brian E. Rettenmaier Houston, Texas (31) - ------------------------------------------------------------------------------------------------------------------------------------ Oliver G. Richard III CB,P CB,P Reston, Virginia (1) CEO,D D D D CEO,D D D D D D - ------------------------------------------------------------------------------------------------------------------------------------ Gary J. Robinson CEO CEO Pittsburgh, Pennsylvania (26) P,D P,D D - ------------------------------------------------------------------------------------------------------------------------------------ Stephen A. Schmotzer Columbia, Ohio (2) VP - ------------------------------------------------------------------------------------------------------------------------------------ Glen E. Schuler Fairfax, Virginia (23) VP - ------------------------------------------------------------------------------------------------------------------------------------ Peter M. Schwolsky CLO CLO,D Reston, Virginia (1) SVP SVP D D D D D - ------------------------------------------------------------------------------------------------------------------------------------ Joseph T. Sinclair Pittsburgh, Pennsylvania (26) VP VP - ------------------------------------------------------------------------------------------------------------------------------------ Robert C. Skaggs, Jr. CEO CEO Columbus, Ohio (2) P,D P,D D - ------------------------------------------------------------------------------------------------------------------------------------ Rose M. Smith Columbus, Ohio (2) VP - ------------------------------------------------------------------------------------------------------------------------------------ Stephen P. Smith CFO CFO Fairfax, Virginia (23) D,SVP D,SVP - ------------------------------------------------------------------------------------------------------------------------------------ Lawrence D. Smore Richmond, Virgina (25) - ------------------------------------------------------------------------------------------------------------------------------------
25 27 ITEM 6. Continued
- ---------------------------------------------------------------------------------------------------------------------------------- Alamco COS CES CEM CEPM CSP TVC TCC CNS CMC CIC (e,f) (b) (c) - ---------------------------------------------------------------------------------------------------------------------------------- Cheryl A. Peters Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------------- Dennis A. Pick Reston, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------------- Thomas J. W. Pickard Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------------- R. Neal Pierce, Jr. Charleston, West Virginia (3) D,S - ---------------------------------------------------------------------------------------------------------------------------------- Olga A. Polemitou Reston, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------------- Melanie K. Popovich Pittsburgh, Pennsylvania (26) - ---------------------------------------------------------------------------------------------------------------------------------- Brian E. Rettenmaier Houston, Texas (31) VP - ---------------------------------------------------------------------------------------------------------------------------------- Oliver G. Richard III Reston, Virginia (1) D D D - ---------------------------------------------------------------------------------------------------------------------------------- Gary J. Robinson Pittsburgh, Pennsylvania (26) - ---------------------------------------------------------------------------------------------------------------------------------- Stephen A. Schmotzer Columbia, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------------- Glen E. Schuler Fairfax, Virginia (23) - ---------------------------------------------------------------------------------------------------------------------------------- Peter M. Schwolsky Reston, Virginia (1) D D D - ---------------------------------------------------------------------------------------------------------------------------------- Joseph T. Sinclair Pittsburgh, Pennsylvania (26) - ---------------------------------------------------------------------------------------------------------------------------------- Robert C. Skaggs, Jr. Columbus, Ohio (2) D D - ---------------------------------------------------------------------------------------------------------------------------------- Rose M. Smith Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------------- Stephen P. Smith Fairfax, Virginia (23) - ---------------------------------------------------------------------------------------------------------------------------------- Lawrence D. Smore Richmond, Virgina (25) VP - ----------------------------------------------------------------------------------------------------------------------------------
26 28 ITEM 6. Continued
- ------------------------------------------------------------------------------------------------------------------------------------ CG AEI CAT CKY CMD COH CPA CS TCO CGT CPC CLG CNR (a) (d) - ------------------------------------------------------------------------------------------------------------------------------------ Andrew J. Sonderman D,S D,S Columbus, Ohio (2) GC D,S GC D,S - ------------------------------------------------------------------------------------------------------------------------------------ Leslie Strand Charleston, West Virginia (9) VP - ------------------------------------------------------------------------------------------------------------------------------------ Robert D. Stuart Fairfax, Virginia (23) VP VP - ------------------------------------------------------------------------------------------------------------------------------------ James R. Thomas II Charleston, West Virginia (34) D - ------------------------------------------------------------------------------------------------------------------------------------ Jerry A. Tischer Toledo, Ohio (8) VP - ------------------------------------------------------------------------------------------------------------------------------------ James W. Trost Reston, Virginia (1) VP VP VP VP VP VP VP VP VP VP VP - ------------------------------------------------------------------------------------------------------------------------------------ Anthony Trubisz, Jr. Richmond, Virgina (25) D - ------------------------------------------------------------------------------------------------------------------------------------ Genevieve A. Tuchow Columbus, Ohio (2) VP - ------------------------------------------------------------------------------------------------------------------------------------ Roger Vari Pittsburgh, Pennsylvania (26) VP,T VP,T - ------------------------------------------------------------------------------------------------------------------------------------ Bernard T. Walsh Charleston, West Virginia (9) VP - ------------------------------------------------------------------------------------------------------------------------------------ Stephen M. Warnick Fairfax, Virginia (23) VP VP VP - ------------------------------------------------------------------------------------------------------------------------------------ Willard Watson, Jr. Charleston, West Virginia (9) VP - ------------------------------------------------------------------------------------------------------------------------------------ Robert W. Welch, Jr. Reston, Virginia (1) VP - ------------------------------------------------------------------------------------------------------------------------------------ Robert B. Wemyss, Jr. Richmond, Virginia (25) - ------------------------------------------------------------------------------------------------------------------------------------ William H. White Charleston, West Virginia (9) VP - ------------------------------------------------------------------------------------------------------------------------------------ R. H. Whitescarver Richmond, Virginia (17) VP - ------------------------------------------------------------------------------------------------------------------------------------ David A. Whitmore Reston, Virginia (1) VP - ------------------------------------------------------------------------------------------------------------------------------------
27 29 ITEM 6. Continued
- ---------------------------------------------------------------------------------------------------------------------------------- Alamco COS CES CEM CEPM CSP TVC TCC CNS CMC CIC (e,f) (b) (c) - ---------------------------------------------------------------------------------------------------------------------------------- Andrew J. Sonderman Columbus, Ohio (2) D,S - ---------------------------------------------------------------------------------------------------------------------------------- Leslie Strand Charleston, West Virginia (9) - ---------------------------------------------------------------------------------------------------------------------------------- Robert D. Stuart Fairfax, Virginia (23) - ---------------------------------------------------------------------------------------------------------------------------------- James R. Thomas II Charleston, West Virginia (34) D - ---------------------------------------------------------------------------------------------------------------------------------- Jerry A. Tischer Toledo, Ohio (8) - ---------------------------------------------------------------------------------------------------------------------------------- James W. Trost Reston, Virginia (1) VP VP VP VP VP VP VP VP VP VP - ---------------------------------------------------------------------------------------------------------------------------------- Anthony Trubisz, Jr. P,D Richmond, Virgina (25) CEO - ---------------------------------------------------------------------------------------------------------------------------------- Genevieve A. Tuchow Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------------- Roger Vari Pittsburgh, Pennsylvania (26) - ---------------------------------------------------------------------------------------------------------------------------------- Bernard T. Walsh Charleston, West Virginia (9) - ---------------------------------------------------------------------------------------------------------------------------------- Stephen M. Warnick Fairfax, Virginia (23) - ---------------------------------------------------------------------------------------------------------------------------------- Willard Watson, Jr. Charleston, West Virginia (9) D,VP - ---------------------------------------------------------------------------------------------------------------------------------- Robert W. Welch, Jr. Reston, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------------- Robert B. Wemyss, Jr. D Richmond, Virginia (25) VP - ---------------------------------------------------------------------------------------------------------------------------------- William H. White Charleston, West Virginia (9) - ---------------------------------------------------------------------------------------------------------------------------------- R. H. Whitescarver Richmond, Virginia (17) - ---------------------------------------------------------------------------------------------------------------------------------- David A. Whitmore Reston, Virginia (1) - ----------------------------------------------------------------------------------------------------------------------------------
28 30 ITEM 6. Continued
- ----------------------------------------------------------------------------------------------------------------------------------- CG AEI CAT CKY CMD COH CPA CS TCO CGT CPC CLG CNR (a) (d) - ----------------------------------------------------------------------------------------------------------------------------------- Larry L. Willeke Fairfax, Virginia (23) VP - ----------------------------------------------------------------------------------------------------------------------------------- Stephen M. Wilner Charleston, West Virginia (9) VP VP - ----------------------------------------------------------------------------------------------------------------------------------- William R. Wilson Exton, Pennsylvania (30) D D - ----------------------------------------------------------------------------------------------------------------------------------- K. Fredrick Wrenn, Jr. Charleston, West Virginia (9) VP - ----------------------------------------------------------------------------------------------------------------------------------- Robert M. Zulandi Herndon, Virginia (3) - -----------------------------------------------------------------------------------------------------------------------------------
29 31 ITEM 6. Continued
- ---------------------------------------------------------------------------------------------------------------------------------- Alamco COS CES CEM CEPM CSP TVC TCC CNS CMC CIC (e,f) (b) (c) - ---------------------------------------------------------------------------------------------------------------------------------- Larry L. Willeke Fairfax, Virginia (23) - ---------------------------------------------------------------------------------------------------------------------------------- Stephen M. Wilner Charleston, West Virginia (9) - ---------------------------------------------------------------------------------------------------------------------------------- William R. Wilson Exton, Pennsylvania (30) - ---------------------------------------------------------------------------------------------------------------------------------- K. Fredrick Wrenn, Jr. Charleston, West Virginia (9) - ---------------------------------------------------------------------------------------------------------------------------------- Robert M. Zulandi D Herndon, Virginia (3) SVP - ----------------------------------------------------------------------------------------------------------------------------------
30 32 Part II. Financial connections as of December 31, 1997*.
Position Held In Applicable Name of Officer Name and Location of Financial Exemption or Director Financial Institution Institution Rule (1) (2) (3) (4) William E. Lavery First Union of VA/MD/DC Director 70(a) & 70(c) Richmond, Virginia James R. Thomas II One Valley Bank, N.A. Director 70(b) & 70(d) Charleston, West Virginia
*Since such information rests peculiarly within the knowledge of the respective officers and directors, the Registrant disclaims responsibility for the accuracy and completeness of such information PART III(a). COMPENSATION OF OFFICERS AND DIRECTORS 1997 EXECUTIVE COMPENSATION PLAN COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS EXECUTIVE COMPENSATION REPORT TO THE STOCKHOLDERS GENERAL - Through the Compensation Committee (the "Committee") of the Corporation's Board of Directors, the Board of Directors has developed an aggressive "PAY FOR PERFORMANCE" executive compensation philosophy and programs to implement that philosophy. Effective since 1996, these programs combine to form the basis of the total compensation plan for senior management of the Corporation and its subsidiaries (the "Columbia Group"), which is designed to focus management's attention on the Corporation's strategic business initiatives and financial performance objectives. The Committee believes that the design and execution of the executive compensation program implemented in 1996 continue to be critical to the Corporation's future success by FOCUSING MANAGEMENT'S ATTENTION on the competitive business environment through compensation awards largely based on COLUMBIA VALUE ADDED ("CVA") FINANCIAL PERFORMANCE MEASURES and SHAREHOLDER RETURN. CVA performance measures determine the real value of a particular investment by the extent the return on that investment exceeds the cost of the investment, including the cost of capital. COMPENSATION PHILOSOPHY - The Board of Directors believes that total compensation is not only payment for services rendered to the Columbia Group, but also a means to provide a strong motivational vehicle for the achievement of key financial and strategic goals. The Columbia Group provides executives with the opportunity to increase their total compensation above base salary through annual and longer-term incentive compensation programs. Goals and objectives within the executive compensation program are established such that their achievement will result in added value to the Columbia Group over appropriate periods of time. This is how compensation is linked to corporate performance. To implement the pay for performance philosophy that the Columbia Group instituted in 1996, its executive compensation program is designed to: -- PLACE AT RISK significant amounts of the executives' total compensation. -- Base greater amounts of the executives' total compensation upon CREATING LONG-TERM VALUE FOR THE STOCKHOLDERS. -- TIE COMPENSATION MORE CLOSELY TO THE FORTUNES OF THE STOCKHOLDERS through the use of a combination of cash and STOCK-BASED INCENTIVE COMPENSATION PLANS. -- Emphasize the achievement of both short- and longer-term internal VALUE ADDED PERFORMANCE MEASURES as well as STOCKHOLDER RETURN EXPECTATIONS in relationship to peer companies. 31 33 -- Provide total compensation rewards to executives in relation to the overall financial performance of the Corporation. As a general matter, the executive compensation program is designed to provide base salary compensation and benefit levels that target the median of the marketplace in similar-sized utility and industrial companies; maintain equitable relationships among the compensation levels established for jobs within the Columbia Group; provide for the recognition of performance delivered year-to-year and over the long term; and ensure that appropriate controls are in place for compensation to be fully earned. Because of the Columbia Group's size and integrated nature, a number of well-known energy and general industry executive compensation surveys are utilized to determine competitive remuneration for executives. Most of the companies in the S&P Natural Gas Utility Index, which comprises the peer group are included in one or more of these surveys. However, no single authoritative executive compensation survey currently covers all of the companies in the S&P Natural Gas Utility Index. IMPLEMENTATION OF PHILOSOPHY - The Columbia Group's executive compensation program is administered by the Committee. The Committee is composed of six independent, non-employee Directors. As of December 31, 1997, the Columbia Group's executive total compensation program consisted of the following: 1. Base Salary Program 2. Annual Incentive Compensation Plan 3. Long-Term Incentive Plan 4. Benefit Plans 5. Other Arrangements 1. BASE SALARY PROGRAM - A base salary is established for each executive position based on a comparison of compensation levels of similar positions in the external market. Competitive base salary levels are needed to attract and retain competent executives. Based on the energy and general industry compensation surveys referred to above, the base salary levels for the approximately 180 individuals comprising the executive and key employee group presently approximate the median for similar groups with corporations of similar size and complexity. In keeping with the philosophy of placing more compensation at risk and of targeting base salary at market levels, increases to base salary generally are made only in cases of promotions or marketplace equity adjustments, if individual performance warrants. 2. ANNUAL INCENTIVE COMPENSATION PLAN - This plan, which was amended, restated and re-implemented effective January 1, 1996, provides the opportunity for payment of cash awards to key employees for attainment of specific goals which contribute directly to the present and future financial health of the Group. Awards for 1997 performance, granted in 1998 after financial results for 1997 were final, are reflected in the Summary Compensation Table and in the Executive Compensation Report subsection entitled "1997 Chief Executive Officer's Pay." The award opportunities for 1997 ranged from zero to 75 percent of an individual's annual base salary at target level performance, which depends upon the achievement of CVA financial goals and the individual's level of responsibility within the organization, along with an assessment of the individual's ability to contribute directly to the financial performance of the Columbia Group. Additional amounts can be awarded should financial performance exceed the target level and, in certain circumstances, should the individual exceed his or her personal performance goals. 3. LONG-TERM INCENTIVE PLAN - The executive compensation program also includes a component to bring special attention to the important area of stockholder return. The Long-Term Incentive Plan provides long-term incentives to officers and other key employees of Columbia Group companies through the granting of incentive stock options, non-qualified stock options, stock appreciation rights, contingent stock awards, restricted stock awards, and/or any award in other forms that the Committee may deem appropriate, consistent with the plan's purpose. For option awards, generally the Corporation's Total Shareholder Return performance (stock price appreciation plus dividend accruals) has been compared to the peer group of companies included in the S&P Natural Gas Utility Index as included elsewhere in this report. For 1997, the Committee provided awards of options primarily when the Corporation's Total Shareholder Return exceeded the median Total Shareholder Return of the companies which comprise this peer group (excluding the Corporation). With respect to options, generally the amount of awards to each participant has been based upon the evaluation of a key employee's position, individual performance, and the Corporation's Total Shareholder Return, 32 34 though option awards to key employees may be made for reasons other than Total Shareholder Return, subject to the discretion of the Committee. The purchase price per share of stock deliverable upon the exercise of a non-qualified stock option is 100 percent of the fair market value of the stock on the date of grant. The price of options issued under the plan is credited with dividend equivalents. Such credits may be made directly through a reduction in the purchase price of stock subject to options. Alternatively, at the discretion of the Committee, dividend equivalent credits may be provided indirectly, for example through the establishment of an unsecured, unfunded bookkeeping "account" that would track dividends declared on the stock subject to options and that would be paid in cash to an optionee upon the exercise of an option or, in certain circumstances, upon expiration of the option. Contingent or restricted stock may also be awarded in very limited applications. The 1996 Long-Term Incentive Plan was approved by the stockholders of the Corporation on April 26, 1996, and the plan became effective as of February 21, 1996. Awards made in 1998 for 1997 performance are reflected in the Options Table elsewhere in this report as well as the subsection of this report entitled "1997 Chief Executive Officer's Pay." 4. BENEFIT PLANS - The Columbia Group maintains savings, retirement, medical, dental, long-term disability, life insurance and other benefit plans of general applicability. The Corporation has also established a Deferred Compensation Plan, under which eligible key employees may defer base salary and annual incentive compensation, and on which deferrals are credited with interest at market rates. Federal regulations establish limits on the benefits which may be paid under savings and retirement plans qualified under the Internal Revenue Code ("IRC"). To maintain compliance, the Columbia Group caps benefits under the qualified plans at the required levels. To provide comparable benefits to more highly compensated employees, the Columbia Group has established a Thrift Restoration Plan and a Pension Restoration Plan, both of which are non-qualified and unfunded. However, the Pension Restoration Plan may be funded through a trust arrangement at the election of the beneficiary once a threshold liability of $100,000 has been reached. The Committee views these supplemental plans as part of the total compensation program for executives. 5. OTHER ARRANGEMENTS - Mr. Richard, the Chairman, CEO, and President of the Corporation, Mr. Schwolsky, Senior Vice President and Chief Legal Officer of the Corporation, Ms. Abbott, Chief Executive Officer and President of Columbia Gas Transmission Corporation and Chief Executive Officer of Columbia Gulf Transmission Company, and Mr. Kaskel, Senior Vice President of the Columbia Energy Group Service Corporation, were granted employment agreements upon hire. For a more detailed description of the agreements, please see "Employment Agreements" elsewhere in this report. DEDUCTIBILITY OF COMPENSATION - The Committee has reviewed the potential impact on the Columbia Group of Section 162(m) of the IRC, which imposes a limit on tax deductions that the Columbia Group may claim for annual compensation in excess of one million dollars paid to any of the CEO and the four other most highly compensated executive officers. The Committee has determined that under current compensation arrangements, the impact of Section 162(m) on the Columbia Group would be limited and, therefore, has decided not to take any action at this time to meet the requirements for a deduction for the Annual Incentive Compensation Plan. EVALUATION PROCESS - Each year, the Board of Directors of the Corporation reviews and approves strategic business and financial plans for the Corporation and each of its subsidiaries. In addition to various business strategies, these plans include specific financial goals such as CVA or other measures to evaluate whether stockholder value has increased. The goals set forth in these strategic plans are the bases for evaluating the performance of the CEO of the Corporation and other senior executives whose compensation falls under the direct purview of the Committee. Attainment of meaningful strategic goals over reasonable time periods increases value to stockholders, and the increased compensation opportunities for executives are directly linked to the attainment of these goals. 1997 CHIEF EXECUTIVE OFFICER'S PAY BASE SALARY - When Mr. Richard was hired as CEO in 1995, the Corporation entered into an employment agreement with Mr. Richard that provides a base salary of $750,000 per year, subject to such increases as may be approved by the Board. As noted above, in keeping with the philosophy of placing more compensation at risk and of targeting base salary at market levels, increases to base salary for the executive group generally are made only in cases of promotions or marketplace equity adjustments. For those reasons, the Board approved no increases to Mr. Richard's base salary in 1997. 33 35 ANNUAL INCENTIVE COMPENSATION PLAN - On February 17, 1998, in accordance with the Corporation's "pay for performance" compensation philosophy, the Committee approved a cash award for Mr. Richard of $725,000 under the Annual Incentive Compensation Plan in recognition of the Corporation's exceeding threshold CVA goals and financial performance compared to peer companies, and of Mr. Richard's achieving his individual performance goals for 1997. LONG-TERM INCENTIVE PLAN - Mr. Richard's employment agreement provides for contingent stock grants, including 5,000 shares on December 31, 1997, if he was employed by the Corporation on that date. As Mr. Richard was employed by the Corporation on December 31, 1997, he received a grant for the equivalent of 5,000 shares of common stock (2,340 shares were withheld to pay taxes on the grant). On May 20, 1996, Mr. Richard received a grant of 29,785 shares of restricted stock under his amended employment agreement. To provide an additional incentive to Mr. Richard to continue his employment with the Corporation, the amended employment agreement provides that only 20 percent of such restricted stock vests each year, with the first 20 percent having vested on January 2, 1997. On February 17, 1998, based on 1997 performance, the Committee awarded Mr. Richard, under the Long-Term Incentive Plan, a grant of non-qualified stock options to purchase 60,000 shares of common stock at a price of $76.15625 per share, with one-third vesting on the first anniversary of grant, one-third on the second anniversary of grant, and one-third on the third anniversary of grant. The awards are included in the Options Table. BY THE COMPENSATION COMMITTEE: Gerald E. Mayo, Chairman James P. Heffernan Robert H. Beeby Malcolm T. Hopkins Wilson K. Cadman James R. Thomas, II EMPLOYMENT AGREEMENTS As discussed in the Executive Compensation Report of the Compensation Committee elsewhere in this report, in order to secure his services, the Corporation has entered into an employment agreement with Mr. Richard for the position of Chairman, Chief Executive Officer and President of the Corporation. In addition to salary, bonus, awards of options, contingent stock and restricted stock and other matters, Mr. Richard's amended employment agreement provides for severance benefits to be paid to Mr. Richard in the event his employment is terminated without cause. The severance benefits would include payment of Mr. Richard's annual base salary, incentive compensation and fringe benefits for a period of 24 months. If Mr. Richard's employment is terminated due to a change in control of the Corporation (as defined in the agreement), the period of severance benefits is extended from 24 to 36 months, but the amount that may be paid to Mr. Richard, which would constitute "parachute payments" under the IRC, will be limited to the extent necessary to avoid the imposition of an excise tax under the IRC. The Corporation has also entered into an employment agreement with Mr. Schwolsky to secure his services as Senior Vice President and Chief Legal Officer of the Corporation. In addition to stock-based grants that were made in 1995, the employment agreement with Mr. Schwolsky provides a base salary of $285,000 per year, subject to such increases as may be approved by the Board. Besides being eligible to participate in all incentive compensation plans and employee benefit programs provided to other senior executives of the Group, upon retirement Mr. Schwolsky may receive supplemental pension payments to make up the difference, if any, between the Group's pension benefits and those Mr. Schwolsky would have received from his previous employer. The employment agreement further provides for severance benefits to be paid to Mr. Schwolsky in the event his employment is terminated without cause. The severance benefits would include payment of Mr. Schwolsky's annual base salary, incentive compensation and fringe benefits for a period of 24 months. If Mr. Schwolsky's employment is terminated due to a change in control of the Corporation (as defined in the agreement), the period of severance benefits is extended from 24 to 36 months, but the amount that may be paid to Mr. Schwolsky, which would constitute "parachute payments" under the IRC, will be limited to the extent necessary to avoid the imposition of an excise tax under the IRC. The Corporation has entered into an employment agreement with Ms. Abbott to secure her services as Chief Executive Officer of its transmission subsidiaries. In addition to a grant of stock made in 1996, the employment agreement with Ms. Abbott provides for a base salary of $325,000 per year, subject to such increases as may be approved by the Board. 34 36 The agreement also provides that Ms. Abbott is eligible to participate in all employee benefit programs provided to other transmission company executives and in all incentive compensation programs of the transmission companies appropriate for her status. The employment agreement further provides for severance benefits to be paid to Ms. Abbott in the event her employment is terminated without cause. The severance benefits would include payment of Ms. Abbott's annual base salary, incentive compensation and fringe benefits for a period of 24 months. If Ms. Abbott's employment is terminated due to a change in control of the Corporation (as defined in the agreement), the period of severance benefits is extended from 24 to 36 months, but the amount that may be paid to Ms. Abbott, which would constitute "parachute payments" under the IRC, will be limited to the extent necessary to avoid the imposition of an excise tax under the IRC. On March 31, 1997, the Corporation entered into an employment agreement with Mr. Kaskel to secure his services as Senior Vice President of the Columbia Energy Group Corporation. The agreement provides for a base salary of $280,000 per year and a signing bonus of $75,000 payable at the end of the first year of employment. The agreement also provides that Mr. Kaskel is eligible to participate in benefits programs and all incentive compensation programs provided to other company executives. In addition, Mr. Kaskel will participate in a performance share award compensation feature under the Long-Term Incentive Plan. This offers the opportunity for Mr. Kaskel to earn an award of up to 20,000 shares of the Corporation's common stock, depending on the level of achievement at the end of the five-year performance period. The predetermined performance measures to be used will be Total Operating Income and Total Return on Invested Capital for all subsidiaries for which he has profit and loss responsibility. No award is to be paid for performance falling below the threshold level during the five-year performance period. An early payout of the entire 20,000 shares could occur if, as measured at the end of any fiscal year prior to the end of the five-year period, the stretch performance levels are achieved for both measures. Should Mr. Kaskel's employment be terminated for any reason prior to the end of the five-year performance period, an assessment will be made of his actual achievements to date in relationship to the financial measures governing the performance share feature, and he may receive pro-rate award. 35 37 OPTION/SAR GRANTS IN LAST FISCAL YEAR**
Individual Grants Potential Realizable Value at Assumed Annual Rates of Stock Price Appreciation for Option Term --------- --------- --------- --------- --------- --------- (a) (b) (c) (d) (e) (f) (g) --------- --------- --------- --------- --------- --------- Name Number of % of Total Exercise or Expiration 5% ($) 10% ($) Securities Options/SARs Base Price Date Underlying Granted to ($/Sh) Options/SARs Employees in Granted # Fiscal Year --------- --------- --------- --------- --------- --------- O. G. Richard III Chairman, CEO & President 60,000 7.4% 76.15625 2/17/08 2,956,429* 7,800,113* --------- --------- --------- --------- --------- --------- M. W. O'Donnell Senior Vice President & Chief Financial Officer 15,000 1.8 76.15625 2/17/08 739,107* 1,950,028* --------- --------- --------- --------- --------- --------- P. M. Schwolsky Senior Vice President & Chief Legal Officer 15,000 1.8 76.15625 2/17/08 739,107* 1,950,028* --------- --------- --------- --------- --------- --------- C. G. Abbott CEO of Corporation's Gas Transmission Segment 15,000 1.8 76.15625 2/17/08 739,107* 1,950,028* --------- --------- --------- --------- --------- --------- R. R. Kaskel Senior Vice President Columbia Energy Group Service Corporation 7,000 0.9 76.15625 2/17/08 344,916* 910,013* --------- --------- --------- --------- --------- ---------
* Because dividend equivalents are associated with this award, the potential realizable value shall increase as dividends are paid on stock subject to options. In no event may dividend equivalents exceed the grant price less the par value of the underlying stock. ** Granted as of February 17, 1998, for 1997 performance, the options vest one-third upon the first anniversary of grant, one-third on the second anniversary of grant, and the final third on the third anniversary of grant. 36 38 AGGREGATED OPTION/SAR EXERCISES IN LAST FISCAL YEAR AND YEAR-END OPTION/SAR VALUES
(a) (b) (c) (d) (e) ----------------- ----------------- ----------------- ----------------- Number of Securities Value of Unexercised Underlying Unexercised In-the-Money Options/SARs Options/SARs at at Year-End ($) Year-End ----------------- ----------------- ----------------- ----------------- Number of Value Realized Exercisable/ Exercisable/ Name Shares ($) * Unexercisable Unexercisable * Acquired on Exercise ----------------- ----------------- ----------------- ----------------- O. G. Richard III -0- $ 0 120,000/40,000 3,285,000/595,000 ----------------- ----------------- ----------------- ----------------- M. W. O'Donnell -0- $ 0 19,774/16,666 584,250/247,907 ----------------- ----------------- ----------------- ----------------- P. M. Schwolsky -0- $ 0 13,334/16,666 361,531/247,907 ----------------- ----------------- ----------------- ----------------- C. G. Abbott -0- $ 0 8,334/16,666 123,968/247,907 ----------------- ----------------- ----------------- ----------------- R. R. Kaskel -0- -0- 0/0 -0- ----------------- ----------------- ----------------- ----------------- All Other Officers (Part I) -0- -0- 28,145/33,335 481,020/234,015 ----------------- ----------------- ----------------- -----------------
* Market value of underlying securities at exercise or FY-end, minus the exercise or base price. LONG-TERM INCENTIVE PLANS - AWARDS IN LAST FISCAL YEAR
(a) (b) (c) NAME NUMBER OF SHARES, UNITS PERFORMANCE OR OTHER PERIOD UNTIL OR OTHER RIGHTS # MATURATION OR PAYOUT R. R. Kaskel 20,000 (1) 1997-2001
(1) Granted to Mr. Kaskel under the Long-Term Incentive Plan pursuant to his employment agreement. Mr. Kaskel may earn up to 20,000 shares of the Corporation's common stock, depending on achievement of Total Operating Income and Total Return on Invested Capital for all subsidiaries for which he has profit and loss responsibility. No award is paid for performance below the threshold level. Payment may be accelerated if stretch performance levels are achieved. 37 39 The compensation for services in all capacities payable to or earned by the executive officers of the Corporation and its subsidiaries during the year 1997 was as follows:
Long-Term Compensation ANNUAL COMPENSATION ---------------------------- Payouts -------------------------------------- Awards --------- ----------- (a) (b) (c) (d) (f) (g) (h) (i) Name and Securities Principal Restricted Underlying LTIP All Other Position Year Salary Bonus Stock Awards Options - Payouts Comp. (1) SARs ($) ($) ($) (#) ($) ($) --------- --------- --------- --------- --------- --------- --------- O.G. RICHARD, 1997 787,500 725,000 -0- 60,000(5) -0- 26,770(13) III Chairman, CEO 1996 778,125 710,000 1,459,465(9) 160,000(6)(7) -0- 746,596(8)(13) & President 1995 528,125(2) 262,500 737,500(10) -0- -0- 75,673(14) --------- --------- --------- --------- --------- --------- --------- M. W. O'DONNELL Senior Vice President & 1997 325,000 230,000 -0- 15,000(5) -0- 19,500 Chief Financial 1996 322,575 210,000 -0- 25,000(6) -0- 84,233(13) Officer 1995 310,150 247,000 -0- 5,000(3) -0- 13,879 --------- --------- --------- --------- --------- --------- --------- P. M. SCHWOLSKY Senior Vice 1997 325,000 241,000 -0- 15,000(5) -0- 13,206 President & 1996 321,250 234,000 -0- 25,000(6) -0- 130,804(13) Chief Legal Officer 1995 164,091(2) 115,000 91,400(12) 5,000(4) -0- 13,503 --------- --------- --------- --------- --------- --------- --------- C. G. ABBOTT 1997 325,000 275,000 -0- 15,000(5) -0- 11,026 CEO of Corporation's 1996 310,870(2) 234,000 73,219(11) 25,000(6) -0- 88,689(13) Gas Transmission 1995 N/A Segment --------- --------- --------- --------- --------- --------- --------- R. R. KASKEL 1997 210,000(2) 155,000 -0- 7,000(5) -0- 84,233(15) Senior Vice President, Columbia Energy Group 1996 N/A Service Corporation 1995 N/A --------- --------- --------- --------- --------- --------- ---------
38 40 (1) Reflects employer contributions, if any, to the Employees' Thrift Plan of Columbia Energy Group, which is qualified under the Internal Revenue Code, and the Thrift Restoration Plan, a nonqualified plan. Mr. Kaskel was not eligible to participate in either plan as of December 31, 1997. The contributions to all officers, namely those listed in Part I, totaled $568,500. The compensation to all officers as a group, namely those listed in Part I, totaled $22,653,000. (2) Partial year salary. (3) Options to purchase shares granted to top 31 executives on May 17, 1995, at a price of $28.99 per share, which vested 100% six months from the date of grant, on November 17, 1995. (4) Options to purchase shares granted to Mr. Schwolsky upon his employment on June 5, 1995, at a price of $31.05 per share, which vested 100% six months from the date of grant, on December 5, 1995. (5) Options to purchase shares granted to executive group on February 17, 1998 for 1997 performance at a price of $76.15625 per share, which options vest one-third upon the first anniversary of grant; one-third upon the second anniversary; and one-third upon the third anniversary. (6) Options to purchase shares granted to executive group on February 18, 1997 for 1996 performance at a price of $63.6875 per share, which options vest one-third upon grant, exercisable in six months; one-third upon the first anniversary of grant; and one-third upon the second anniversary. (7) Pursuant to Mr. Richard's employment agreement dated March 15, 1995, and amended January 17, 1996, on May 20, 1996, Mr. Richard was granted a nonqualified stock option for 100,000 shares of common stock, 50,000 of which were vested on November 28, 1996, and the remaining 50,000 which were vested on November 28, 1997. (8) Pursuant to Mr. Richard's amended employment agreement, on May 21, 1996, Mr. Richard received a $481,250 cash payment, less taxes, representing the excess of the grant price of the options for 100,000 shares of common stock issued the previous date over the fair market value of the shares on the date the options would have been issued had the Corporation been able to issue the options following its discharge from bankruptcy. The common stock increased in value during this period from $43.875 to $48.6875 per share. (9) Pursuant to Mr. Richard's amended employment agreement, on May 20, 1996, Mr. Richard was granted a restricted stock award for 29,785 shares of common stock at a value of $1,459,465, as based on the closing price of $49.00 per share on May 20, 1996. The shares vest annually in equal installments commencing January 2, 1997. Mr. Richard receives dividends on the restricted stock as dividends are declared on shares of common stock. At December 31, 1997, Mr. Richard held 23,828 shares of restricted stock, at an aggregate value of $1,871,987. (10) Pursuant to Mr. Richard's employment agreement, Mr. Richard was granted a contingent stock award for 25,000 shares of common stock. The 25,000 shares vested as follows: 10,000 on May 1, 1995, and 5,000 per year on, and contingent upon his continued employment through, December 31, 1995, December 31, 1996, and December 31, 1997, respectively. (11) Pursuant to Ms. Abbott's employment agreement dated January 17, 1996, on January 17, 1996, Ms. Abbott was granted a contingent stock award for 1,500 shares of common stock, which vested on May 17, 1996. (12) On June 5, 1995, Mr. Schwolsky was granted a contingent stock award for 2,500 shares of common stock which vested on September 5, 1995. (13) Includes transfer expenses associated with the move of the corporate office from Delaware to Northern Virginia totalling $235,738 for Mr. Richard, $66,090 for Mr. O'Donnell, $126,304 for Mr. Schwolsky, and $87,014 for Ms. Abbott. (14) Reflects transfer expenses and compensation for benefits forfeited upon termination of prior employment. (15) Reflects transfer expenses. RETIREMENT INCOME PLAN A noncontributory defined benefit pension plan is maintained for all employees of the Corporation's participating subsidiaries who are at least 21 years of age. The annual benefit under the pension plan is based upon final average annual compensation and years of credited service. Final average annual compensation is calculated using base compensation (shown in the "Summary Compensation Table" as "Salary") paid to the employee for the highest 36 months of the last 60 months prior to retirement. Estimated annual benefits payable upon retirement are as follows with respect to the specified remuneration and years of credited service. 39 41 ESTIMATED ANNUAL BENEFITS AS OF JANUARY 1, 1998, FROM RETIREMENT INCOME PLAN (1)
Representative Years of Credited Service (2) Final Average 15 20 25 30 35 40 Annual Compensation $ $ $ $ $ $ 250,000 54,455 72,606 90,758 108,909 121,409 121,567 300,000 65,705 87,606 109,508 131,409 138,909 146,409 400,000 88,205 117,606 147,008 176,409 186,409 196,409 500,000 110,705 147,606 184,508 221,409 233,909 246,409 600,000 133,205 177,606 222,008 266,409 281,409 296,409 800,000 178,205 237,606 297,008 356,409 376,409 396,409 1,000,000 223,205 297,606 372,008 446,409 471,409 496,409 1,200,000 268,205 357,606 447,008 536,409 566,409 596,409
(1) Estimates are based upon a straight-life annuity and the assumptions that (a) the Corporation's present retirement plan will be maintained and (b) retirement will not occur before age 65. These benefits are not subject to deduction for social security or other charges. Should an annual benefit exceed limitations imposed by federal law, the excess will be paid by the participating subsidiary as a supplemental pension under the Pension Restoration Plan. If the supplemental pension liability exceeds $100,000, then this liability may be funded through a trust arrangement at the option of the individual. The liabilities of Messrs. Richard, Schwolsky and O'Donnell have reached $100,000, but to date they have not elected to fund their accrued pension. The liabilities of Ms. Abbott and Mr. Kaskel had not yet reached $100,000, so no contributions were made in 1997 on their behalf. Such supplemental pensions are not available to these executives until retirement or termination of employment. (2) As of January 1, 1998, the credited years of service for retirement benefits for the individuals named in the Summary Compensation Table were as follows: Mr. Richard, 6 years; Mr. O'Donnell, 27 years; Mr. Schwolsky, 6 years; Ms. Abbott, 1 year; and Mr. Kaskel, 0 years. PERFORMANCE TABLE The following tables demonstrates a five-year comparison of cumulative total returns for the Corporation, the S&P 500, and the S&P Natural Gas Utility Index. FIVE-YEAR COMPARISON OF CUMULATIVE TOTAL RETURN(A)
1992 1993 1994 1995 1996 1997 $ $ $ $ $ $ ------ ------ ------ ------ ------ ------ Columbia Energy (formerly Columbia Gas) 100 116.99 122.88 229.41 336.52 421.23 ------ ------ ------ ------ ------ ------ S&P 500 Index 100 110.08 111.53 153.45 188.68 251.63 ------ ------ ------ ------ ------ ------ S&P Natural Gas Utility Index 100 118.73 113.26 160.20 212.89 251.18 ------ ------ ------ ------ ------ ------
(A) Assumes $100 invested on December 31, 1992 and reinvestment of dividends. 40 42 STANDARD DIRECTORS' COMPENSATION 1997 Directors' Compensation for Board and Committee Meetings:
Retainer Meeting Fee Chairman's Fee $ $ $ ------ ------ ------ Board 27,250 1,250 -- ------ ------ ------ Audit -- 1,000 3,000 ------ ------ ------ Compensation -- 1,000 3,000 ------ ------ ------ Executive 6,000 800 -- ------ ------ ------ Finance -- 1,000 3,000 ------ ------ ------ Corporate Governance -- 1,000 3,000 ------ ------ ------
The nonemployee Directors are also eligible to receive nonqualified stock options pursuant to the Corporation's Long-Term Incentive Plan. If the Corporation's Total Shareholder Return performance, compared with its peers, is at the third quartile, then nonemployee Directors receive options for 3,000 shares of common stock; at the fourth quartile, options for 6,000 shares. For 1997 performance, the Directors will receive options for 3,000 shares, granted and priced as of March 31, 1998. See the section entitled "1997 Executive Compensation Plan" for a discussion of the terms of the option grants. No officer received any compensation for services as a Director while also serving as an officer of the Corporation. The Corporation offers medical coverage to nonemployee Directors and pays the premium associated with their participation. The Corporation also reimburses them for the cost of Medicare Part B, if applicable. In addition, nonemployee Directors may elect to defer compensation for distribution at a later date. Deferred amounts will accrue interest at the prime rate and may be paid in a lump sum or in annual installments over ten years, or may be deferred into the Phantom Stock Plan for Outside Directors. Deferred amounts will be automatically paid in a lump sum following certain specified changes in control of the Corporation. Following its approval by the stockholders at the 1996 Annual Meeting, the Phantom Stock Plan for Outside Directors was established. All of the Directors except two (one of whom has since retired) elected to participate in the plan in lieu of participating in the Retirement Plan for Outside Directors. Participating Directors received phantom shares of equivalent actuarial value under the Phantom Stock Plan for Outside Directors. The Retirement Plan for Outside Directors is not available for nonemployee Directors assuming office after April 1996; rather, they will participate in the Phantom Stock Plan for Outside Directors, under which they receive 3,000 phantom shares upon being elected to the Board. Payment of cash benefits will commence upon termination of Board service or upon specified changes in control of the Corporation. For the Director(s) remaining in the Retirement Plan, each nonemployee Director with a minimum of five years' service on the Board who retires after attaining age 65 or becoming disabled could receive annual retirement payments equal to the amount of the annual retainer for Board service at the time of retirement. Payments under the Retirement Plan will cease at the death of the Director unless the Director elected an actuarial equivalent option or, if death occurs before retirement but after eligibility is established, at the death of the surviving spouse. In the event of certain specified changes in control of the Corporation, a Director (regardless of years of service on the Board) could elect a lump sum payment equal to the present value of the retainer at the time of the election times the number of years of Board service, with a minimum of ten years. The director's compensation amounted to $695,000. 41 43 Part III(b). SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS, DIRECTORS AND MANAGEMENT The following table sets forth the beneficial ownership of common stock by stockholders, if any, who own greater than 5 percent of the outstanding shares as of January 31, 1998, by Directors, by each of the executive officers whose compensation is disclosed in the Summary Compensation Table, and by all Directors and such executive officers as a group. Except as otherwise noted, the persons named in the table below have sole voting and investment power with respect to all shares shown as beneficially owned by them.
(1) (2) (3) (4) ========================================================= Title of Name and Address Amount and Nature of Percent Class Beneficial Ownership ** of Class ========================================================= Shared Sole Shared Sole Voting Voting Investment Investment Total Power Power Power Power Owned - ---------- --------------------------------- ------ ------ ---------- ---------- ----- -------- 5% HOLDERS N/A N/A -0- ========== ================================= ============================================= ======== DIRECTORS Common R. F. Albosta 3,000 * - ---------- --------------------------------- --------------------------------------------- -------- Common R. H. Beeby 3,000(1) * - ---------- --------------------------------- --------------------------------------------- -------- Common W. K. Cadman 3,000 * - ---------- --------------------------------- --------------------------------------------- -------- Common J. P. Heffernan 5,000 * - ---------- --------------------------------- --------------------------------------------- -------- Common K. L. Hendricks -0- * - ---------- --------------------------------- --------------------------------------------- -------- Common D. P. Hodel 3,000 * - ---------- --------------------------------- --------------------------------------------- -------- Common M. T. Hopkins 7,525.4054 * - ---------- --------------------------------- --------------------------------------------- -------- Common J. B. Johnston -0- * - ---------- --------------------------------- --------------------------------------------- -------- Common M. Jozoff 3,000 * - ---------- --------------------------------- --------------------------------------------- -------- Common W. E. Lavery 3,100 * - ---------- --------------------------------- --------------------------------------------- -------- Common G. E. Mayo 4,000 * - ---------- --------------------------------- --------------------------------------------- -------- Common D. E. Olesen 3,006.8159 * - ---------- --------------------------------- --------------------------------------------- -------- Common O. G. Richard, III 164,650(2) * - ---------- --------------------------------- --------------------------------------------- -------- Common J. R. Thomas, II 3,500 * - ---------- --------------------------------- --------------------------------------------- -------- Common W. R. Wilson 8,000 * ========== ================================= ============================================= ======== OFFICERS Common C. G. Abbott 10,394.552(3) * - ---------- --------------------------------- --------------------------------------------- -------- Common R. R. Kaskel -0- * - ---------- --------------------------------- --------------------------------------------- -------- Common M. W. O'Donnell 23,902,356(4) * - ---------- --------------------------------- --------------------------------------------- -------- Common P. M. Schwolsky 15,938,926(5) * - ---------- --------------------------------- --------------------------------------------- -------- All Executive Officers & Common Directors (19 persons) as a Group 264,018.05(6) * ========== ================================= ============================================= ========
* Aggregate stock ownership (including exercisable options) as a percentage of class is less than 1 percent. ** Includes an allocation of shares held by the Trustee of the Employees' Thrift Plan of Columbia Energy Group for the executive officers. Also includes currently exercisable options. All holdings of the Directors, except Messrs. Johnston and Richard and Ms. Hendricks, include beneficial ownership of 2,000 shares which may be acquired pursuant to stock options awarded under Long-Term Incentive Plan (LTIP). 42 44 (1) Includes beneficial ownership of 1,000 shares with shared investment power. (2) Includes beneficial ownership of 120,000 shares which may be acquired pursuant to stock options awarded under LTIP. (3) Includes beneficial ownership of 200 shares with shared voting and investment power. Includes beneficial ownership of 8,334 shares which may be acquired pursuant to stock options awarded under LTIP. (4) Includes beneficial ownership of 19,774 shares which may be acquired pursuant to stock options awarded under LTIP. (5) Includes beneficial ownership of 13,334 shares which may be acquired pursuant to stock options awarded under LTIP. (6) Includes beneficial ownership of 185,442 shares which may be acquired pursuant to stock options awarded under LTIP. 43 45 Part III(c). Contracts and transactions. None. Part III(d). Indebtedness. None. Part III(e). Participation in bonus and profit sharing arrangement. See Item 6 Part III(a) above. Part III(f). Directors and officers rights to indemnity. Provisions for indemnification of directors and officers are included in the Certificate of Incorporation or By-Laws in accordance with applicable laws. DIRECTORS AND OFFICERS' LIABILITY INSURANCE - Insurance is purchased for all of the Registrant's directors and officers, plus the directors and officers of the subsidiary companies. This insurance also indemnifies the Registrant and its subsidiary companies against any amounts paid by them as allowed by Corporate law or By-Laws of the Registrant to covered directors and officers. The annual cost thereof to the Registrant and its subsidiary companies was $1,133,870. 44 46 ITEM 7. CONTRIBUTIONS AND PUBLIC RELATIONS Part I. Expenditures for any political party, candidate for public office or holder of such office, or any committee or agent therefor. None. Part II. Expenditures for any citizens group or public relations counsel. Calendar Year 1997
Name of Company and Name or Number of Recipients or Beneficiaries Purpose Accounts Charged Amount ($) - --------------------------------- ------- ---------------- ------ CKY 2 Recipients B Admin & General 2,870 COH 43 Various Chambers of Commerce B Admin & General 15,920 Ohio Chamber of Commerce B Admin & General 21,280 Better Business Bureaus B Admin & General 1,760 CPA 7 Recipients B Admin & General 9,760 COS 18 Recipients B Admin & General 19,634 TCO 6 Recipients A Admin & General 12,316 CNR Keep Ohio Working A Admin & General 5,000 CPC 23 Recipients B Admin & General 4,206
A - Information and Education B - Economic Development 45 47 ITEM 8. SERVICE, SALES AND CONSTRUCTION CONTRACTS Part I. Intercompany Contracts. Calendar Year 1997 CONFIDENTIAL TREATMENT REQUESTED 46 48 Part II. System contracts to purchase goods or services from any affiliate (other than a System company) or a company in which any officer or director is a partner or owns 5% or more of any class of equity securities. CONFIDENTIAL TREATMENT REQUESTED 47 49 Part III. System contracts with others on a continuing basis for management, supervisory, or financial advisory review. (a) Due to the Chapter 11 Filing, the Registrant and TCO have contracted with various firms to provide services for all parties involved in the bankruptcy proceedings. On November 28, 1995 the Registrant and TCO emerged from bankruptcy after filing separate petitions for protection under Chapter 11 of the Federal Bankruptcy Code on July 31, 1991. The table below details the relevant firms contracted: Calendar Year 1997
Date of Name Scope of Services Compensation Court Approval Lehman Brothers Inc. Financial Advisor and $148,509 1/29/92 Investment Banker to the Official Committee of Unsecured Creditors to TCO. Salomon Brothers Inc. Financial Advisor and $138,323 10/22/91 Investment Banker to TCO.
48 50 (b) The Registrant's distribution companies contracted with the following organizations to provide various professional services.
Name Scope of Services Compensation Ciuni & Panichi Governmental Affairs $4,400 to COH Farmer & Humble Tax Consultant to $3,600 CKY Hart & Assoc. Communications $22,000 Consultant to COH Kingwood Consulting Communications $165,000 Consultant to COH Thomas Green & Governmental Affairs $116,649 Assoc. to COH
ITEM 9. WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES None. 49 51 ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS Financial Statements included in Form U5S: CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 1997 Columbia Energy Group and Subsidiaries .................... F-1 Columbia Electric Corp. and Subsidiaries .................. F-1A Tristar Capital Corporation and Subsidiary ................ F-1B Columbia LNG Corporation and Subsidiary ................... F-1C Columbia Energy Services Corporation and Subsidiaries ..... F-1D Columbia Network Services Corporation and Subsidiary....... F-1E Columbia Natural Resources, Inc. and Subsidiary............ F-1F Alamco, Inc. and Subsidiaries.............................. F-1G SUMMARY OF CONSOLIDATING BALANCE SHEET ENTRIES AS OF DECEMBER 31, 1997 Columbia Energy Group and Subsidiaries..................... F-2 Columbia Electric Corp. and Subsidiaries .................. F-2A Tristar Capital Corporation and Subsidiary ................ F-2B Columbia LNG Corporation and Subsidiary.................... F-2C Columbia Energy Services Corporation and Subsidiaries ..... F-2D Columbia Network Services Corporation and Subsidiary....... F-2E Columbia Natural Resources, Inc. and Subsidiary............ F-2F Alamco, Inc. and Subsidiaries.............................. F-2G CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 1997 Columbia Energy Group and Subsidiaries..................... F-3 Columbia Electric Corp. and Subsidiaries................... F-3A Tristar Capital Corporation and Subsidiary................. F-3B Columbia LNG Corporation and Subsidiary ................... F-3C Columbia Energy Services Corporation and Subsidiaries ..... F-3D Columbia Network Services Corporation and Subsidiary....... F-3E Columbia Natural Resources, Inc. and Subsidiary............ F-3F Alamco, Inc. and Subsidiaries.............................. F-3G SUMMARY OF CONSOLIDATING STATEMENT OF INCOME ENTRIES FOR THE YEAR ENDED DECEMBER 31, 1997 Columbia Energy Group and Subsidiaries..................... F-4 Columbia Electric Corp. and Subsidiaries................... F-4A Tristar Capital Corporation and Subsidiary ................ F-4B Columbia LNG Corporation and Subsidiary.................... F-4C Columbia Energy Services Corporation and Subsidiaries...... F-4D 50 52 Columbia Network Services Corporation and Subsidiary....... F-4E Columbia Natural Resources, Inc. and Subsidiary............ F-4F Alamco, Inc. and Subsidiaries.............................. F-4G CONSOLIDATING STATEMENT OF COMMON STOCK EQUITY FOR THE YEAR ENDED DECEMBER 31, 1997 Columbia Energy Group and Subsidiaries .................... F-5 Columbia Electric Corp. and Subsidiaries................... F-5A Tristar Capital Corporation and Subsidiary................. F-5B Columbia LNG Corporation and Subsidiary ................... F-5C Columbia Energy Services Corporation and Subsidiaries ..... F-5D Columbia Network Services Corporation and Subsidiary....... F-5E Columbia Natural Resources, Inc. and Subsidiary............ F-5F Alamco, Inc. and Subsidiaries.............................. F-5G CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 1997 Columbia Energy Group and Subsidiaries..................... F-6 Columbia Electric Corp. and Subsidiaries................... F-6A Tristar Capital Corporation and Subsidiary................. F-6B Columbia LNG Corporation and Subsidiary.................... F-6C Columbia Energy Services Corporation and Subsidiaries ..... F-6D Columbia Network Services Corporation and Subsidiary....... F-6E Columbia Natural Resources, Inc. and Subsidiary............ F-6F Alamco, Inc. and Subsidiaries.............................. F-6G 51 53 F-1 (1 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-1 F-1 F-1 F-1 Consolidating Page 2 Page 3 Page 4 Page 5 Combined Entries Consolidated ---------- ---------- -------- ------ ----------- ---------- ---------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost ............................ 7,368,923 Accumulated depreciation and depletion ..... (3,481,545) ---------- Net Gas Utility and Other Plant ............ 3,887,378 ---------- Gas and oil producing properties, full cost method ................................ 660,264 Accumulated depletion ...................... (195,995) ---------- Net Gas and Oil Producing Properties ....... 464,269 ---------- Net Property, Plant, and Equipment ........... 4,351,647 ---------- Investments and Other Assets Accounts receivable - noncurrent ........... 1,624 Unconsolidated affiliates .................. 74,092 Assets held for sale ....................... 1,540 Other ...................................... 7,955 ---------- Total Investments and Other Assets ........... 85,211 ---------- Investments in Subsidiaries Capital stock .............................. -- Equity in undistributed earnings of subsidiaries .............................. -- Notes receivable ........................... -- Other investments .......................... -- ---------- Total Investments in Subsidiaries ............ -- ---------- Current Assets Cash and temporary cash investments ........ 28,738 Accounts receivable, net Customers ................................ 815,784 Intercompany ............................. -- Other .................................... 52,725 Income tax refunds ......................... -- Gas inventory .............................. 226,800 Other inventories, at average cost ......... 35,605 Prepayments ................................ 107,710 Regulatory assets .......................... 64,540 Underrecovered gas costs ................... 41,438 Prepaid property tax ....................... 80,831 Exchange gas receivable .................... 189,036 Other ...................................... 64,463 ---------- Total Current Assets ......................... 1,707,670 ---------- Deferred Charges ............................. 66,938 Long-term regulatory assets .................. 400,873 ---------- TOTAL ASSETS ................................. 6,612,339 ==========
CONFIDENTIAL TREATMENT REQUESTED 54 F-1 (2 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-1 Page 2 CNR(a) TCO CGT CLG(a) CKY Total -------- ---------- ---------- ------ -------- ---------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost .... 3,385,834 1,245,331 192,162 Accumulated depreciation and depletion ........... (1,383,679) (1,041,601) (76,967) ---------- ---------- -------- Net Gas Utility and Other Plant .................. 2,002,155 203,730 115,195 ---------- ---------- -------- Gas and oil producing properties, full cost method -- -- -- Accumulated depletion ............................ -- -- -- ---------- ---------- -------- Net Gas and Oil Producing Properties ............. -- -- -- ---------- ---------- -------- Net Property, Plant, and Equipment ................. 2,002,155 203,730 115,195 ---------- ---------- -------- Investments and Other Assets Accounts receivable - noncurrent ................. 22,731 -- -- Unconsolidated affiliates ........................ 6,476 24,705 -- Assets held for sale ............................. -- -- -- Other ............................................ -- -- -- ---------- ---------- -------- Total Investments and Other Assets ................. 29,207 24,705 -- ---------- ---------- -------- Investments in Subsidiaries Capital stock .................................... -- -- -- Equity in undistributed earnings of subsidiaries .................................... -- -- -- Notes receivable ................................. -- -- -- Other investments ................................ -- -- -- ---------- ---------- -------- Total Investments in Subsidiaries .................. -- -- -- ---------- ---------- -------- Current Assets Cash and temporary cash investments .............. 1,384 142 528 Accounts receivable, net Customers ...................................... 44,584 8,093 16,180 Intercompany ................................... 70,810 6,639 98 Other .......................................... 20,590 3,627 506 Income tax refunds ............................... -- -- -- Gas inventory .................................... -- -- 19,556 Other inventories, at average cost ............... 15,732 5,422 86 Prepayments ...................................... 3,597 1,734 241 Regulatory assets ................................ 24,891 3,486 530 Underrecovered gas costs ......................... -- -- -- Prepaid property tax ............................. -- -- -- Exchange gas receivable .......................... -- -- -- Other ............................................ 94,094 24,706 19,038 ---------- ---------- -------- Total Current Assets ............................... 275,682 53,849 56,763 ---------- ---------- -------- Deferred Charges ................................... 6,548 606 950 Long-term regulatory assets ........................ 180,544 10,521 7,905 ---------- ---------- -------- TOTAL ASSETS ....................................... 2,494,136 293,411 180,813 ========== ========== ========
CONFIDENTIAL TREATMENT REQUESTED 55 F-1 (3 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-1 Page 3 COH CMD CPA COS CC Total ---------- ------- -------- -------- -------- ---------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost .... 1,322,625 71,520 559,543 349,974 Accumulated depreciation and depletion ........... (566,699) (28,067) (178,022) (75,782) ---------- ------- -------- -------- Net Gas Utility and Other Plant .................. 755,926 43,453 381,521 274,192 ---------- ------- -------- -------- Gas and oil producing properties, full cost method -- -- -- -- Accumulated depletion ............................ -- -- -- -- ---------- ------- -------- -------- Net Gas and Oil Producing Properties ............. -- -- -- -- ---------- ------- -------- -------- Net Property, Plant, and Equipment ................. 755,926 43,453 381,521 274,192 ---------- ------- -------- -------- Investments and Other Assets Accounts receivable - noncurrent ................. -- -- -- -- Unconsolidated affiliates ........................ -- -- -- -- Assets held for sale ............................. -- -- -- -- Other ............................................ -- -- -- -- ---------- ------- -------- -------- Total Investments and Other Assets ................. -- -- -- -- ---------- ------- -------- -------- Investments in Subsidiaries Capital stock .................................... -- -- -- -- Equity in undistributed earnings of subsidiaries .................................... -- -- -- -- Notes receivable ................................. -- -- -- -- Other investments ................................ -- -- -- -- ---------- ------- -------- -------- Total Investments in Subsidiaries .................. -- -- -- -- ---------- ------- -------- -------- Current Assets Cash and temporary cash investments .............. 3,685 1 778 2,190 Accounts receivable, net Customers ...................................... 189,820 5,121 73,668 35,763 Intercompany ................................... 22,277 731 3,519 30,869 Other .......................................... 4,968 66 873 313 Income tax refunds ............................... -- -- -- -- Gas inventory .................................... 141,684 2,918 49,933 12,709 Other inventories, at average cost ............... 6,181 274 2,200 520 Prepayments ...................................... 49,531 1,506 1,227 1,263 Regulatory assets ................................ 28,901 583 4,201 1,948 Underrecovered gas costs ......................... -- -- -- -- Prepaid property tax ............................. -- -- -- -- Exchange gas receivable .......................... -- -- -- -- Other ............................................ 176,916 3,132 47,316 5,786 ---------- ------- -------- -------- Total Current Assets ............................... 623,963 14,332 183,715 91,361 ---------- ------- -------- -------- Deferred Charges ................................... 12,652 29 1,119 1,720 Long-term regulatory assets ........................ 116,865 3,327 71,748 9,963 ---------- ------- -------- -------- TOTAL ASSETS ....................................... 1,509,406 61,141 638,103 377,236 ========== ======= ======== ========
CONFIDENTIAL TREATMENT REQUESTED 56 F-1 (4 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-1 Page 4 CS CIC CES(a) CPC TVC(a) Total ------- ------ -------- ------- ------ -------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost .... Accumulated depreciation and depletion ........... Net Gas Utility and Other Plant .................. Gas and oil producing properties, full cost method Accumulated depletion ............................ Net Gas and Oil Producing Properties ............. Net Property, Plant, and Equipment ................. Investments and Other Assets Accounts receivable - noncurrent ................. Unconsolidated affiliates ........................ Assets held for sale ............................. Other ............................................ Total Investments and Other Assets ................. Investments in Subsidiaries Capital stock .................................... Equity in undistributed earnings of subsidiaries .................................... Notes receivable ................................. Other investments ................................ Total Investments in Subsidiaries .................. Current Assets Cash and temporary cash investments .............. Accounts receivable, net Customers ...................................... Intercompany ................................... Other .......................................... Income tax refunds ............................... Gas inventory .................................... Other inventories, at average cost ............... Prepayments ...................................... Regulatory assets ................................ Underrecovered gas costs ......................... Prepaid property tax ............................. Exchange gas receivable .......................... Other ............................................ Total Current Assets ............................... Deferred Charges ................................... Long-term regulatory assets ........................ TOTAL ASSETS .......................................
CONFIDENTIAL TREATMENT REQUESTED 57 F-1 (5 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost .... Accumulated depreciation and depletion ........... Net Gas Utility and Other Plant .................. Gas and oil producing properties, full cost method Accumulated depletion ............................ Net Gas and Oil Producing Properties ............. Net Property, Plant, and Equipment ................. Investments and Other Assets Accounts receivable - noncurrent ................. Unconsolidated affiliates ........................ Assets held for sale ............................. Other ............................................ Total Investments and Other Assets ................. Investments in Subsidiaries Capital stock .................................... Equity in undistributed earnings of subsidiaries .................................... Notes receivable ................................. Other investments ................................ Total Investments in Subsidiaries .................. Current Assets Cash and temporary cash investments .............. Accounts receivable, net Customers ...................................... Intercompany ................................... Other .......................................... Income tax refunds ............................... Gas inventory .................................... Other inventories, at average cost ............... Prepayments ...................................... Regulatory assets ................................ Underrecovered gas costs ......................... Prepaid property tax ............................. Exchange gas receivable .......................... Other ............................................ Total Current Assets ............................... Deferred Charges ................................... Long-term regulatory assets ........................ TOTAL ASSETS .......................................
CONFIDENTIAL TREATMENT REQUESTED 58 F-1 (6 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-1 F-1 F-1 F-1 Consolidating CAPITALIZATION AND LIABILITIES Page 7 Page 8 Page 9 Page 10 Combined Entries Consolidated ---------- ---------- -------- ------ ----------- ---------- ---------- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding)........................... 554,955 Subsidiaries - common stock .............. -- Additional paid in capital ............... 754,216 Retained earnings ........................ 482,715 Unearned employee compensation ........... (1,167) ---------- Total common stock equity .................. 1,790,719 ---------- Preferred stock ............................ -- Long-term debt ............................. 2,003,474 Installment promissory notes payable ....... -- Other intercompany notes and loans ......... -- ---------- Total Capitalization ......................... 3,794,193 ---------- Current Liabilities Short-term debt ............................ 328,121 Debt obligations ........................... 529 Accounts and drafts payable ................ 536,739 Intercompany notes and loans - current maturities...................... -- Intercompany short-term loans .............. -- Intercompany accounts payable .............. -- Accrued taxes .............................. 140,876 Accrued interest ........................... 29,418 Estimated rate refunds ..................... 68,443 Estimated supplier obligations ............. 73,877 Overrecovered gas costs .................... 84,551 Transportation and exchange gas payable .... 89,163 Deferred income taxes ...................... -- Regulatory liabilities ..................... 9,755 Other ...................................... 356,756 ---------- Total Current Liabilities .................... 1,718,228 ---------- Other Liabilities and Deferred Credits Deferred income taxes, noncurrent .......... 618,362 Investment tax credits ..................... 35,609 Postretirement benefits other than pensions 148,807 Long-term regulatory liabilities ........... 41,350 Other ...................................... 255,790 ---------- Total Other Liabilities and Deferred Credits . 1,099,918 ---------- TOTAL CAPITALIZATION AND LIABILITIES ......... 6,612,339 ==========
CONFIDENTIAL TREATMENT REQUESTED 59 F-1 (7 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-1 Page 7 CNR(a) TCO CGT CLG(a) CKY Total ------- ---------- ------- -------- ------- ---------- CAPITALIZATION AND LIABILITIES Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) -- -- -- Subsidiaries - common stock ................... 49 20 23,806 Additional paid in capital .................... 1,512,024 82,429 174 Retained earnings ............................. (537,611) 21,404 42,681 Unearned employee compensation ................ -- -- -- ---------- ------- ------- Total common stock equity ....................... 974,462 103,853 66,661 ---------- ------- ------- Preferred stock ................................. -- -- -- Long-term debt .................................. 555 -- 235 Installment promissory notes payable ............ 643,000 68,414 54,494 Other intercompany notes and loans .............. -- -- -- ---------- ------- ------- Total Capitalization .............................. 1,618,017 172,267 121,390 ---------- ------- ------- Current Liabilities Short-term debt ................................. -- -- -- Debt obligations ................................ 33 -- 15 Accounts and drafts payable ..................... 20,989 2,495 9,374 Intercompany notes and loans - current maturities -- -- -- Intercompany short-term loans ................... -- -- 8,975 Intercompany accounts payable ................... 34,024 15,724 9,684 Accrued taxes ................................... 66,778 6,832 1,882 Accrued Interest ................................ 1,923 98 39 Estimated rate refunds .......................... 47,764 8,172 1,383 Estimated supplier obligations .................. 73,877 -- -- Overrecovered gas costs ......................... -- -- -- Transportation and exchange gas payable ......... -- -- -- Deferred income taxes ........................... -- -- 2,792 Regulatory liabilities .......................... 8,082 1,673 -- Other ........................................... 179,913 41,934 9,884 ---------- ------- ------- Total Current Liabilities ......................... 433,383 76,928 44,028 ---------- ------- ------- Other Liabilities and Deferred Credits Income taxes, noncurrent ........................ 251,739 37,662 4,337 Investment tax credits .......................... 1,031 263 1,834 Postretirement benefits other than pensions ..... 40,833 3,633 4,066 Long-term regulatory liabilities ................ 17,041 153 3,856 Other ........................................... 132,092 2,505 1,302 ---------- ------- ------- Total Other Liabilities and Deferred Credits ...... 442,736 44,216 15,395 ---------- ------- ------- TOTAL CAPITALIZATION AND LIABILITIES .............. 2,494,136 293,411 180,813 ========== ======= =======
CONFIDENTIAL TREATMENT REQUESTED 60 F-1 (8 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-1 Page 8 COH CMD CPA COS CG Total --------- ------- ------- ------- -------- ----------- CAPITALIZATION AND LIABILITIES Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) -- -- -- -- Subsidiaries - common stock ................... 119,240 72 85,128 65,305 Additional paid in capital .................... -- 10,020 -- 2,969 Retained earnings ............................. 303,247 12,307 130,987 73,521 Unearned employee compensation ................ -- -- -- -- --------- ------- ------- ------- Total common stock equity ....................... 422,487 22,399 216,115 141,795 --------- ------- ------- ------- Preferred stock ................................. -- -- -- -- Long-term debt .................................. 1,012 40 396 700 Installment promissory notes payable ............ 319,959 17,819 148,451 116,677 Other intercompany notes and loans .............. -- -- -- -- --------- ------- ------- ------- Total Capitalization .............................. 743,458 40,258 364,962 259,172 --------- ------- ------- ------- Current Liabilities Short-term debt ................................. -- -- -- -- Debt obligations ................................ 97 17 33 200 Accounts and drafts payable ..................... 104,318 2,354 19,627 14,604 Intercompany notes and loans - current maturities -- -- -- -- Intercompany short-term loans ................... 151,110 1,703 65,691 -- Intercompany accounts payable ................... 61,997 3,546 25,770 49,982 Accrued taxes ................................... 94,708 (394) 6,304 2,547 Accrued Interest ................................ 388 10 63 230 Estimated rate refunds .......................... 1,441 533 6,376 2,774 Estimated supplier obligations .................. -- -- -- -- Overrecovered gas costs ......................... -- -- -- -- Transportation and exchange gas payable ......... -- -- -- -- Deferred income taxes ........................... -- -- 6,297 820 Regulatory liabilities .......................... -- -- -- -- Other ........................................... 178,491 5,730 34,231 15,290 --------- ------- ------- ------- Total Current Liabilities ......................... 592,550 13,499 164,392 86,447 --------- ------- ------- ------- Other Liabilities and Deferred Credits Deferred income taxes, noncurrent ............... 80,302 2,447 71,229 16,418 Investment tax credits .......................... 19,298 1,010 9,359 2,814 Postretirement benefits other than pensions ..... 48,281 1,478 16,083 4,190 Long-term regulatory liabilities ................ 10,391 1,813 6,637 1,459 Other ........................................... 15,126 636 5,441 6,736 --------- ------- ------- ------- Total Other Liabilities and Deferred Credits ...... 173,398 7,384 108,749 31,617 --------- ------- ------- ------- TOTAL CAPITALIZATION AND LIABILITIES .............. 1,509,406 61,141 638,103 377,236 ========= ======= ======= =======
CONFIDENTIAL TREATMENT REQUESTED 61 F-1 (9 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-1 Page 9 CS CIC CES(a) CPC TVC (a) Total ------- ------ -------- ------ ------- -------- CAPITALIZATION AND LIABILITIES Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) -- Subsidiaries - common stock ................... 300 Additional paid in capital .................... 12,700 Retained earnings ............................. 187 Unearned employee compensation ................ -- ------- Total common stock equity ....................... 13,187 ------- Preferred stock ................................. -- Long-term debt .................................. -- Installment promissory notes payable ............ 16,043 Other intercompany notes and loans .............. -- ------- Total Capitalization .............................. 29,230 ------- Current Liabilities Short-term debt ................................. -- Debt obligations ................................ -- Accounts and drafts payable ..................... 16,023 Intercompany notes and loans - current maturities -- Intercompany short-term loans ................... 20,030 Intercompany accounts payable ................... 4,406 Accrued taxes ................................... (1,858) Accrued interest ................................ -- Estimated rate refunds .......................... -- Estimated supplier obligations .................. -- Overrecovered gas costs ......................... -- Transportation and exchange gas payable ......... -- Deferred income taxes ........................... -- Regulatory liabilities .......................... -- Other ........................................... 12,890 ------- Total Current Liabilities ......................... 51,491 ------- Other Liabilities and Deferred Credits Deferred income taxes, noncurrent ............... 1,826 Investment tax credits .......................... -- Postretirement benefits other than pensions ..... 7,195 Long-term regulatory liabilities ................ -- Other ........................................... 1,706 ------- Total Other Liabilities and Deferred Credits ...... 10,727 ------- TOTAL CAPITALIZATION AND LIABILITIES .............. 91,448 =======
CONFIDENTIAL TREATMENT REQUESTED 62 F-1 (10 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-1 Page 10 TCC (a) CAT CNS (a) Total ----------- ----------- ----------- ----------- CAPITALIZATION AND LIABILITIES Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) Subsidiaries - common stock ................... Additional paid in capital .................... Retained earnings ............................. Unearned employee compensation ................ Total common stock equity ....................... Preferred stock ................................. Long-term debt .................................. Installment promissory notes payable ............ Other intercompany notes and loans .............. Total Capitalization .............................. Current Liabilities Short-term debt ................................. Debt obligations ................................ Accounts and drafts payable ..................... Intercompany notes and loans - current maturities Intercompany short-term loans ................... Intercompany accounts payable ................... Accrued taxes ................................... Accrued interest ................................ Estimated rate refunds .......................... Estimated supplier obligations .................. Overrecovered gas costs ......................... Transportation and exchange gas payable ......... Deferred income taxes ........................... Regulatory liabilities .......................... Other ........................................... Total Current Liabilities ......................... Other Liabilities and Deferred Credits Deferred income taxes, noncurrent ............... Investment tax credits .......................... Postretirement benefits other than pensions ..... Long-term regulatory liabilities ................ Other ........................................... Total Other Liabilities and Deferred Credits ...... TOTAL CAPITALIZATION AND LIABILITIES ..............
CONFIDENTIAL TREATMENT REQUESTED 63
F-1A (1 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands) F-1A F-1A Consolidating TVC Page 2 Page 3 Combined Entries Consolidated ------- ------- ------- ------- ------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost........... Accumulated depreciation and depletion.................. Net Gas Utility and Other Plant......................... Gas and oil producing properties, full cost method...... Accumulated depletion................................... Net Gas and Oil Producing Properties.................... Net Property, Plant, and Equipment........................ Investments and Other Assets Accounts receivable - noncurrent........................ Unconsolidated affiliates............................... Assets held for sale.................................... Other................................................... Total Investments and Other Assets........................ Investments in Subsidiaries Capital stock........................................... Equity in undistributed earnings of subsidiaries........................................... Notes receivable........................................ Other investments....................................... Total Investments in Subsidiaries......................... Current Assets Cash and temporary cash investments..................... Accounts receivable, net Customers............................................. Intercompany.......................................... Other................................................. Income tax refunds...................................... Gas inventory........................................... Other inventories, at average cost...................... Prepayments............................................. Other................................................... Total Current Assets...................................... Deferred Charges.......................................... TOTAL ASSETS..............................................
CONFIDENTIAL TREATMENT REQUESTED 64
F-1A (2 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands) F-1A Page 2 BGC BLC GGC GLC PGC PLC TVC Total ------ ------ --- --- ------ ------ ------ ------ ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost .......... Accumulated depreciation and depletion ................. Net Gas Utility and Other Plant ........................ Gas and oil producing properties, full cost method ..... Accumulated depletion .................................. Net Gas and Oil Producing Properties ................... Net Property, Plant, and Equipment ....................... Investments and Other Assets Accounts receivable - noncurrent ....................... Unconsolidated affiliates .............................. Assets held for sale ................................... Other .................................................. Total Investments and Other Assets ....................... Investments in Subsidiaries Capital stock .......................................... Equity in undistributed earnings of subsidiaries .......................................... Notes receivable ....................................... Other investments ...................................... Total Investments in Subsidiaries ........................ Current Assets Cash and temporary cash investments .................... Accounts receivable, net ............................... Customers ............................................ Intercompany ......................................... Other ................................................ Income tax refund ...................................... Gas inventory .......................................... Other inventories, at average cost ..................... Prepayments ............................................ Other .................................................. Total Current Assets ..................................... Deferred Charges ......................................... TOTAL ASSETS .............................................
CONFIDENTIAL TREATMENT REQUESTED 65
F-1A (3 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands) F-1A Page 3 VGC VLC RL FC TVC9 TVC10 Total ------ ------ ------ -- ---- ----- ------ ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost ........ Accumulated depreciation and depletion ............... Net Gas Utility and Other Plant ...................... Gas and oil producing properties, full cost method ... Accumulated depletion ................................ Net Gas and Oil Producing Properties ................. Net Property, Plant, and Equipment ..................... Investments and Other Assets Accounts receivable - noncurrent ..................... Unconsolidated affiliates ............................ Assets held for sale ................................. Other ................................................ Total Investments and Other Assets ..................... Investments in Subsidiaries Capital stock ........................................ Equity in undistributed earnings of subsidiaries ........................................ Notes receivable ..................................... Other investments .................................... Total Investments in Subsidiaries ...................... Current Assets Cash and temporary cash investments .................. Accounts receivable, net Customers .......................................... Intercompany ....................................... Other .............................................. Income tax refunds ................................... Gas inventory ........................................ Other inventories, at average cost ................... Prepayments .......................................... Other ................................................ Total Current Assets ................................... Deferred Charges ....................................... TOTAL ASSETS ...........................................
CONFIDENTIAL TREATMENT REQUESTED 66
F-1A (4 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands) F-1A F-1A Consolidating TVC CAPITALIZATION AND LIABILITIES Page 5 Page 6 Combined Entries Consolidated ------- ------- ------- ------- ------- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) ......... Subsidiaries - common stock ............................ Additional paid in capital ............................. Retained earnings ...................................... Unearned employee compensation ......................... Total common stock equity ................................ Long-term debt ........................................... Installment promissory notes payable ..................... Other intercompany notes and loans ....................... Total Capitalization ....................................... Current Liabilities Debt obligations ......................................... Accounts and drafts payable .............................. Intercompany notes and loans - current maturities ........ Intercompany short-term loans ............................ Intercompany accounts payable ............................ Accrued taxes ............................................ Accrued interest ......................................... Estimated rate refunds ................................... Estimated supplier obligations ........................... Transportation and exchange gas payable .................. Deferred income taxes .................................... Other .................................................... Total Current Liabilities .................................. Other Liabilities and Deferred Credits Deferred income taxes, noncurrent ........................ Investment tax credits ................................... Postretirement benefits other than pensions .............. Other .................................................... Total Other Liabilities and Deferred Credits ............... TOTAL CAPITALIZATION AND LIABILITIES .......................
CONFIDENTIAL TREATMENT REQUESTED 67
F-1A (5 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands) F-1A Page 5 CAPITALIZATION AND LIABILITIES BGC BLC GGC GLC PGC PLC TVC Total ------- ------- ------- ------- ------- ------- ------- ------- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) . Subsidiaries - common stock .................... Additional paid in capital ..................... Retained earnings .............................. Unearned employee compensation ................. Total common stock equity ........................ Long-term debt ................................... Installment promissory notes payable ............. Other intercompany notes and loans ............... Total Capitalization ............................... Current Liabilities Debt obligations ................................. Accounts and drafts payable ...................... Intercompany notes and loans - current maturities Intercompany short-term loans .................... Intercompany accounts payable .................... Accrued taxes .................................... Accrued interest ................................. Estimated rate refunds ........................... Estimated supplier obligations ................... Transportation and exchange gas payable .......... Deferred income taxes ............................ Other ............................................ Total Current Liabilities .......................... Other Liabilities and Deferred Credits Deferred income taxes, noncurrent ................ Investment tax credits ........................... Postretirement benefits other than pensions ...... Other ............................................ Total Other Liabilities and Deferred Credits ....... TOTAL CAPITALIZATION AND LIABILITIES ............... CONFIDENTIAL TREATMENT REQUESTED
68
F-1A (6 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands) F-1A Page 6 CAPITALIZATION AND LIABILITIES VGC VLC RL FC TVC9 TVC10 Total ------ ------ ------ ------ ---- ------ ------ Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) Subsidiaries - common stock ................... Additional paid in capital .................... Retained earnings ............................. Unearned employee compensation ................ Total common stock equity ....................... Long-term debt .................................. Installment promissory notes payable ............ Other intercompany notes and loans .............. Total Capitalization .............................. Current Liabilities Debt obligations ................................ Accounts and drafts payable ..................... Intercompany notes and loans - current maturities Intercompany short-term loans ................... Intercompany accounts payable ................... Accrued taxes ................................... Accrued interest ................................ Estimated rate refunds .......................... Estimated supplier obligations .................. Transportation and exchange gas payable ......... Deferred income taxes ........................... Other ........................................... Total Current Liabilities ......................... Other Liabilities and Deferred Credits Deferred income taxes, noncurrent ............... Investment tax credits .......................... Postretirement benefits other than pensions ..... Other ........................................... Total Other Liabilities and Deferred Credits ...... TOTAL CAPITALIZATION AND LIABILITIES .............. CONFIDENTIAL TREATMENT REQUESTED
69 F-1B (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Tristar Capital Corporation and Subsidiary Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating TCC ASSETS TGT TCC Combined Entries Consolidated --- --- -------- ------- ------------ Property, Plant and Equipment ...................... Gas utility and other plant, at original cost .... Accumulated depreciation and depletion ........... Net Gas Utility and Other Plant .................. Gas and oil producing properties, full cost method Accumulated depletion ............................ Net Gas and Oil Producing Properties ............. Net Property, Plant, and Equipment ................. Investments and Other Assets Accounts receivable - noncurrent ................. Unconsolidated affiliates ........................ Assets held for sale ............................. Other ............................................ Total Investments and Other Assets ................. Investments in Subsidiaries Capital stock .................................... Equity in undistributed earnings of subsidiaries .................................... Notes receivable ................................. Other investments ................................ Total Investments in Subsidiaries .................. Current Assets Cash and temporary cash investments .............. Accounts receivable, net Customers ...................................... Intercompany ................................... Other .......................................... Income tax refunds ............................... Gas inventory .................................... Other inventories, at average cost ............... Prepayments ...................................... Regulatory assets ................................ Other ............................................ Total Current Assets ............................... Deferred Charges ................................... Long-term Regulatory Assets ........................ TOTAL ASSETS ....................................... CONFIDENTIAL TREATMENT REQUESTED
70 F-1B (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Tristar Capital Corporation and Subsidiary Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating TCC CAPITALIZATION AND LIABILITIES TGT TCC Combined Entries Consolidated --- --- -------- ------- ------------ Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,498,460 shares outstanding) .. Subsidiaries - common stock ..................... Additional paid in capital ...................... Retained earnings ............................... Unearned employee compensation .................. Total common stock equity ......................... Long-term debt .................................... Installment promissory notes payable .............. Other intercompany notes and loans ................ Total Capitalization ................................ Current Liabilities Debt obligations .................................. Accounts and drafts payable ....................... Intercompany notes and loans - current maturities . Intercompany short-term loans ..................... Intercompany accounts payable ..................... Accrued taxes ..................................... Accrued interest .................................. Estimated rate refunds ............................ Estimated supplier obligations .................... Transportation and exchange gas payable ........... Deferred income taxes ............................. Regulatory liabilities ............................ Other ............................................. Total Current Liabilities ........................... Other Liabilities and Deferred Credits Deferred income taxes, noncurrent ................. Investment tax credits ............................ Postretirement benefits other than pensions ....... Long-term regulatory liabilities .................. Other ............................................. Total Other Liabilities and Deferred Credits ........ TOTAL CAPITALIZATION AND LIABILITIES ................ CONFIDENTIAL TREATMENT REQUESTED
71 F1C (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CLG ASSETS CLNG CLG Combined Entries Consolidated ---- --- -------- ------- ------------ Property, Plant and Equipment Gas utility and other plant, at original cost ..... Accumulated depreciation and depletion ............ Net Gas Utility and Other Plant ................... Gas and oil producing properties, full cost method Accumulated depletion ............................. Net Gas and Oil Producing Properties .............. Net Property, Plant, and Equipment .................. Investments and Other Assets Accounts receivable - noncurrent .................. Unconsolidated affiliates ......................... Assets held for sale .............................. Other ............................................. Total Investments and Other Assets .................. Investments in Subsidiaries Capital stock ..................................... Equity in undistributed earnings of subsidiaries ..................................... Notes receivable .................................. Other investments ................................. Total Investments in Subsidiaries ................... Current Assets Cash and temporary cash investments ............... Accounts receivable, net Customers ....................................... Intercompany .................................... Other ........................................... Income tax refunds ................................ Gas inventory ..................................... Other inventories, at average cost ................ Prepayments ....................................... Regulatory assets ................................. Other ............................................. Total Current Assets ................................ Deferred Charges .................................... Long-term Regulatory Assets ......................... TOTAL ASSETS ........................................ CONFIDENTIAL TREATMENT REQUESTED
72 F-1C (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CLG CAPITALIZATION AND LIABILITIES CLNG CLG Combined Entries Consolidated ---- --- -------- ------- ------------ Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) Subsidiaries - common stock ................... Additional paid in capital .................... Retained earnings ............................. Unearned employee compensation ................ Total common stock equity ....................... Long-term debt .................................. Installment promissory notes payable ............ Other intercompany notes and loans .............. Total Capitalization .............................. Current Liabilities Debt obligations ................................ Accounts and drafts payable ..................... Intercompany notes and loans - current maturities Intercompany short-term loans ................... Intercompany accounts payable ................... Accrued taxes ................................... Accrued interest ................................ Estimated rate refunds .......................... Estimated supplier obligations .................. Transportation and exchange gas payable ......... Deferred income taxes ........................... Regulatory liabilities .......................... Other ........................................... Total Current Liabilities ......................... Other Liabilities and Deferred Credits Deferred income taxes, noncurrent ............... Investment tax credits .......................... Postretirement benefits other than pensions ..... Long-term regulatory liabilities ................ Other ........................................... Total Other Liabilities and Deferred Credits ...... TOTAL CAPITALIZATION AND LIABILITIES .............. CONFIDENTIAL TREATMENT REQUESTED
73 F-1D (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Services Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
ASSETS CEM CPM CSP CES --- --- --- --- Property, Plant and Equipment Gas utility and other plant, at original cost ..... Accumulated depreciation and depletion ............ Net Gas Utility and Other Plant ................... Gas and oil producing properties, full cost method Accumulated depletion ............................. Net Gas and Oil Producing Properties .............. Net Property, Plant, and Equipment .................. Investments and Other Assets Accounts receivable - noncurrent .................. Unconsolidated affiliates ......................... Assets held for sale .............................. Other ............................................. Total Investments and Other Assets .................. Investments in Subsidiaries Capital stock ..................................... Equity in undistributed earnings of subsidiaries ..................................... Notes receivable .................................. Other investments ................................. Total Investments in Subsidiaries ................... Current Assets Cash and temporary cash investments ............... Accounts receivable, net Customers ....................................... Intercompany .................................... Other ........................................... Income tax refunds ................................ Gas inventory ..................................... Other inventories, at average cost ................ Prepayments ....................................... Regulatory assets ................................. Exchange gas receivable ........................... Other ............................................. Total Current Assets ................................ Deferred Charges .................................... Long-term Regulatory Assets ......................... TOTAL ASSETS ........................................
CONFIDENTIAL TREATMENT REQUESTED
Consoli- dating CES ASSETS Combined Entries Consolidated ------ -------- ------- ------------ Property, Plant and Equipment Gas utility and other plant, at original cost ..... Accumulated depreciation and depletion ............ Net Gas Utility and Other Plant ................... Gas and oil producing properties, full cost method Accumulated depletion ............................. Net Gas and Oil Producing Properties .............. Net Property, Plant, and Equipment .................. Investments and Other Assets Accounts receivable - noncurrent .................. Unconsolidated affiliates ......................... Assets held for sale .............................. Other ............................................. Total Investments and Other Assets .................. Investments in Subsidiaries Capital stock ..................................... Equity in undistributed earnings of subsidiaries ..................................... Notes receivable .................................. Other investments ................................. Total Investments in Subsidiaries ................... Current Assets Cash and temporary cash investments ............... Accounts receivable, net Customers ....................................... Intercompany .................................... Other ........................................... Income tax refunds ................................ Gas inventory ..................................... Other inventories, at average cost ................ Prepayments ....................................... Regulatory assets ................................. Exchange gas receivable ........................... Other ............................................. Total Current Assets ................................ Deferred Charges .................................... Long-term Regulatory Assets ......................... TOTAL ASSETS ........................................
CONFIDENTIAL TREATMENT REQUESTED 74 F-1D (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Services Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CAPITALIZATION AND LIABILITIES CEM CPM CSP CES Combined --- --- --- --- -------- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460) shares outstanding) Subsidiaries - common stock ................... Additional paid in capital .................... Retained earnings ............................. Unearned employee compensation ................ Total common stock equity ....................... Long-term debt .................................. Installment promissory notes payable ............ Other intercompany notes and loans .............. Total Capitalization .............................. Current Liabilities Debt obligations ................................ Accounts and drafts payable ..................... Intercompany notes and loans - current maturities Intercompany short-term loans ................... Intercompany accounts payable ................... Accrued taxes ................................... Accrued interest ................................ Estimated rate refunds .......................... Estimated supplier obligations .................. Transportation and exchange gas payable ......... Deferred income taxes ........................... Regulatory liabilities .......................... Other ........................................... Total Current Liabilities ......................... Other Liabilities and Deferred Credits Income taxes, noncurrent ........................ Investment tax credits .......................... Postretirement benefits other than pensions ..... Long-term regulatory liabilities ................ Other ........................................... Total Other Liabilities and Deferred Credits ...... TOTAL CAPITALIZATION AND LIABILITIES ..............
CONFIDENTIAL TREATMENT REQUESTED
Consoli- dating CES CAPITALIZATION AND LIABILITIES Entries Consolidated ------- ------------ Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460) shares outstanding) Subsidiaries - common stock ................... Additional paid in capital .................... Retained earnings ............................. Unearned employee compensation ................ Total common stock equity ....................... Long-term debt .................................. Installment promissory notes payable ............ Other intercompany notes and loans .............. Total Capitalization .............................. Current Liabilities Debt obligations ................................ Accounts and drafts payable ..................... Intercompany notes and loans - current maturities Intercompany short-term loans ................... Intercompany accounts payable ................... Accrued taxes ................................... Accrued interest ................................ Estimated rate refunds .......................... Estimated supplier obligations .................. Transportation and exchange gas payable ......... Deferred income taxes ........................... Regulatory liabilities .......................... Other ........................................... Total Current Liabilities ......................... Other Liabilities and Deferred Credits Income taxes, noncurrent ........................ Investment tax credits .......................... Postretirement benefits other than pensions ..... Long-term regulatory liabilities ................ Other ........................................... Total Other Liabilities and Deferred Credits ...... TOTAL CAPITALIZATION AND LIABILITIES ..............
CONFIDENTIAL TREATMENT REQUESTED 75 F-1E (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiary Consolidated Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CNS ASSETS CMC CNS Combined Entries Consolidated --- --- -------- ------- ------------ Property, Plant and Equipment Gas utility and other plant, at original cost ..... Accumulated depreciation and depletion ............ Net Gas Utility and Other Plant ................... Gas and oil producing properties, full cost method Accumulated depletion ............................. Net Gas and Oil Producing Properties .............. Net Property, Plant, and Equipment .................. Investments and Other Assets Accounts receivable - noncurrent .................. Unconsolidated affiliates ......................... Assets held for sale .............................. Other ............................................. Total Investments and Other Assets .................. Investments in Subsidiaries Capital stock ..................................... Equity in undistributed earnings of subsidiaries ..................................... Notes receivable .................................. Other investments ................................. Total Investments in Subsidiaries ................... Current Assets Cash and temporary cash investments ............... Accounts receivable, net Customers ....................................... Intercompany .................................... Other ........................................... Income tax refunds ................................ Gas inventory ..................................... Other inventories, at average cost ................ Prepayments ....................................... Regulatory assets .................................. Other ............................................. Total Current Assets ................................ Deferred Charges .................................... Long-term Regulatory Assets ......................... TOTAL ASSETS ........................................
CONFIDENTIAL TREATMENT REQUESTED 76 F-1E (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiary Consolidated Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CNS CAPITALIZATION AND LIABILITIES CMC CNS Combined Entries Consolidated --- --- -------- ------- ------------ Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) Subsidiaries - common stock ................... Additional paid in capital .................... Retained earnings ............................. Unearned employee compensation ................ Total common stock equity ....................... Long-term debt .................................. Installment promissory notes payable ............ Other intercompany notes and loans .............. Total Capitalization .............................. Current Liabilities Debt obligations ................................ Accounts and drafts payable ..................... Intercompany notes and loans - current maturities Intercompany short-term loans ................... Intercompany accounts payable ................... Accrued taxes ................................... Accrued interest ................................ Estimated rate refunds .......................... Estimated supplier obligations .................. Transportation and exchange gas payable ......... Deferred income taxes ........................... Regulatory liabilities .......................... Other ........................................... Total Current Liabilities ......................... Other Liabilities and Deferred Credits Deferred income taxes, noncurrent ............... Investment tax credits .......................... Postretirement benefits other than pensions ..... Long-term regulatory liabilities ................ Other ........................................... Total Other Liabilities and Deferred Credits ...... TOTAL CAPITALIZATION AND LIABILITIES ..............
CONFIDENTIAL TREATMENT REQUESTED 77
F-1F (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Natural Resources, Inc. and Subsidiary Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands) Consoli- dating CNR ASSETS CNR Alamco Combined Entries Consolidated -------- -------- -------- -------- -------- Property, Plant and Equipment Gas utility and other plant, at original cost ....... Accumulated depreciation and depletion .............. Net Gas Utility and Other Plant ..................... Gas and oil producing properties, full cost method .. Accumulated depletion ............................... Net Gas and Oil Producing Properties ................ Net Property, Plant, and Equipment .................... Investments and Other Assets Accounts receivable - noncurrent .................... Unconsolidated affiliates ........................... Assets held for sale ................................ Other ............................................... Total Investments and Other Assets .................... Investments in Subsidiaries Capital stock ....................................... Equity in undistributed earnings of subsidiaries ....................................... Notes receivable .................................... Other investments ................................... Total Investments in Subsidiaries ..................... Current Assets Cash and temporary cash investments ................. Accounts receivable, net ............................ Customers ......................................... Intercompany ...................................... Other ............................................. Income tax refunds .................................. Gas inventory ....................................... Other inventories, at average cost .................. Prepayments ......................................... Regulatory assets ................................... Other ............................................... Total Current Assets .................................. Deferred Charges ...................................... Long-term Regulatory Assets ........................... TOTAL ASSETS ..........................................
CONFIDENTIAL TREATMENT REQUESTED 78
F-1F (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Natural Resources, Inc. and Subsidiary Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands) Consoli- dating CNR CAPITALIZATION AND LIABILITIES CNR Alamco Combined Entries Consolidated -------- -------- -------- -------- -------- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) ... Subsidiaries - common stock ...................... Additional paid in capital ....................... Retained earnings ................................ Unearned employee compensation ................... Total common stock equity .......................... Long-term debt ..................................... Installment promissory notes payable ............... Other intercompany notes and loans ................. Total Capitalization ................................. Current Liabilities Debt obligations ................................... Debtor-in-possession financing ..................... Accounts and drafts payable ........................ Intercompany notes and loans - current maturities Intercompany short-term loans ...................... Intercompany accounts payable ...................... Accrued taxes ...................................... Accrued interest ................................... Estimated rate refunds ............................. Estimated supplier obligations ..................... Transportation and exchange gas payable ............ Deferred income taxes .............................. Regulatory liabilities ............................. Other .............................................. Total Current Liabilities ............................ Other Liabilities and Deferred Credits Deferred income taxes, noncurrent .................. Investment tax credits ............................. Postretirement benefits other than pensions ........ Long-term regulatory liabilities ................... Other .............................................. Total Other Liabilities and Deferred Credits ......... TOTAL CAPITALIZATION AND LIABILITIES .................
CONFIDENTIAL TREATMENT REQUESTED 79 F-1G (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Alamco, Inc and Subsidiaries Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating Alamco ASSETS Alamco Hawg Hauling Alamco - Delaware Combined Entries Consolidated ------ ------ ------------ ----------------- -------- ------- ------------ Property, Plant and Equipment Gas utility and other plant, at original cost .... Accumulated depreciation and depletion ........... Net Gas Utility and Other Plant .................. Gas and oil producing properties, full cost method Accumulated depletion ............................ Net Gas and Oil Producing Properties ............. Net Property, Plant, and Equipment ................. Investments and Other Assets ....................... Accounts receivable - noncurrent ................. Unconsolidated affiliates ........................ Assets held for sale ............................. Other .......................................... Total Investments and Other Assets ................. Investments in Subsidiaries Capital stock .................................... Equity in undistributed earnings of subsidiaries .................................... Notes receivable ................................. Other investments ................................ Total Investments in Subsidiaries .................. Current Assets ..................................... Cash and temporary cash investments .............. Accounts receivable, net ......................... Customers ...................................... Intercompany ................................... Other .......................................... Income tax refunds ............................... Gas inventory .................................... Other inventories, at average cost ............... Prepayments ...................................... Regulatory assets ................................ Other ............................................ Total Current Assets ............................... Deferred Charges ................................... Long-term Regulatory Assets ........................ TOTAL ASSETS .......................................
CONFIDENTIAL TREATMENT REQUESTED 80 F-1G (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Alamco, Inc and Subsidiaries Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating Alamco CAPITALIZATION AND LIABILITIES Alamco Hawg Hauling Alamco - Delaware Combined Entries Consolidated ------ ------------ ----------------- -------- ------- ------------ Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) Subsidiaries - common stock ................... Additional paid in capital .................... Retained earnings ............................. Unearned employee compensation ................ Total common stock equity ....................... Long-term debt .................................. Installment promissory notes payable ............ Other intercompany notes and loans .............. Total Capitalization .............................. Current Liabilities Debt obligations ................................ Debtor-in-possession financing........ .......... Accounts and drafts payable ..................... Intercompany notes and loans - current maturities Intercompany short-term loans ................... Intercompany accounts payable ................... Accrued taxes ................................... Accrued interest ................................ Estimated rate refunds .......................... Estimated supplier obligations .................. Transportation and exchange gas payable ......... Deferred income taxes ........................... Regulatory liabilities .......................... Other ........................................... Total Current Liabilities ......................... Other Liabilities and Deferred Credits Income taxes, noncurrent ........................ Investment tax credits .......................... Postretirement benefits other than pensions ..... Long-term regulatory liabilities ................ Other ........................................... Total Other Liabilities and Deferred Credits ...... TOTAL CAPITALIZATION AND LIABILITIES ..............
CONFIDENTIAL TREATMENT REQUESTED 81 F-2 (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet Entries as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating Total Transactions Equity Adjustments ----- ------------ ------ ----------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost .. Accumulated depreciation and depletion ......... Net Gas Utility and Other Plant ................ Gas and oil producing properties, full cost method ....................................... Accumulated depletion .......................... Net Oil and Gas Producing Properties ........... Net Property, Plant, and Equipment ............... Investments and Other Assets Accounts receivable - noncurrent ............... Unconsolidated affiliates ...................... Assets held for sale ........................... Other .......................................... Total Investments and Other Assets ............... Investments in Subsidiaries Capital stock .................................. Equity in undistributed earnings of subsidiaries .................................. Notes receivable ............................... Other investments .............................. Total Investments in Subsidiaries ................ Current Assets Cash and temporary cash investments ............ Accounts receivable, net Customers .................................... Intercompany ................................. Other ........................................ Income tax refunds ............................. Gas inventory .................................. Other inventories, at average cost ............. Prepayments .................................... Regulatory assets .............................. Underrecovered gas costs ....................... Prepaid property tax ........................... Exchange gas receivable ........................ Other .......................................... Total Current Assets ............................. Deferred Charges ................................. Long-term Regulatory Assets ...................... TOTAL ASSETS .....................................
CONFIDENTIAL TREATMENT REQUESTED 82 F-2 (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet Entries as of December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating Total Transactions Equity Adjustments ----- ------------ ------ ----------- CAPITALIZATION AND LIABILITIES Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding)... Subsidiaries - common stock ..................... Additional paid in capital ...................... Retained earnings ............................... Unearned employee compensation .................. Total common stock equity ......................... Preferred stock ................................... Long-term debt .................................... Installment promissory notes payable .............. Other intercompany notes and loans ................ Total Capitalization ................................ Current Liabilities Short-term debt ................................... Debt obligations .................................. Accounts and drafts payable ....................... Intercompany notes and loans - current maturities.. Intercompany short-term loans ..................... Intercompany accounts payable ..................... Accrued taxes ..................................... Accrued interest .................................. Estimated rate refunds ............................ Estimated supplier obligations .................... Overrecovered gas costs ........................... Transportation and exchange gas payable ........... Deferred income taxes ............................. Regulatory liabilities ............................ Other ............................................. Total Current Liabilities ........................... Other Liabilities and Deferred Credits Deferred income taxes, noncurrent ................. Investment tax credits ............................ Postretirement benefits other than pensions ....... Long-term regulatory liabilities .................. Other ............................................. Total Other Liabilities and Deferred Credits ........ TOTAL CAPITALIZATION AND LIABILITIES ................
CONFIDENTIAL TREATMENT REQUESTED 83 F-2A (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Balance Sheet Entries as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating Total Transactions Equity Adjustments ------- ------- ------- ------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost .... Accumulated depreciation and depletion ........... Net Gas Utility and Other Plant .................. Gas and oil producing properties, full cost method ......................................... Accumulated depletion ............................ Net Gas and Oil Producing Properties ............. Net Property, Plant, and Equipment ................. Investments and Other Assets Accounts receivable - noncurrent ................. Unconsolidated affiliates ........................ Assets held for sale ............................. Other ............................................ Total Investments and Other Assets ................. Investments in Subsidiaries Capital stock .................................... Equity in undistributed earnings of subsidiaries ..................................... Notes receivable ................................. Other investments ................................ Total Investments in Subsidiaries .................. Current Assets Cash and temporary cash investments .............. Accounts receivable, net Customers ........................................ Intercompany ..................................... Other ............................................ Income tax refunds ............................... Gas inventory .................................... Other inventories, at average cost ............... Prepayments ...................................... Other ............................................ Total Current Assets ............................... Deferred Charges ................................... TOTAL ASSETS .......................................
CONFIDENTIAL TREATMENT REQUESTED 84 F-2A (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Balance Sheet Entries as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating CAPITALIZATION AND LIABILITIES Total Transactions Equity Adjustments ------- ------- ------- ------- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) ..... Subsidiaries - common stock ....................... Additional paid in capital ........................ Retained earnings ................................. Unearned employee compensation .................... Total common stock equity ......................... Long-term debt .................................... Installment promissory notes payable .............. Other intercompany notes and loans ................ Total Capitalization ................................ Current Liabilities Debt obligations .................................. Accounts and drafts payable ....................... Intercompany notes and loans - current maturities.. Intercompany short-term loans ..................... Intercompany accounts payable ..................... Accrued taxes ..................................... Accrued interest .................................. Estimated rate refunds ............................ Estimated supplier obligations .................... Transportation and exchange gas payable ........... Deferred income taxes ............................. Other ............................................. Total Current Liabilities ........................... Other Liabilities and Deferred Credits Deferred income taxes, noncurrent ................. Investment tax credits ............................ Postretirement benefits other than pensions ....... Other ............................................. Total Other Liabilities and Deferred Credits ........ TOTAL CAPITALIZATION AND LIABILITIES ................
CONFIDENTIAL TREATMENT REQUESTED 85 F-2B (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Tristar Capital Corporation and Subsidiary Consolidating Balance Sheet Entries as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating ASSETS Total Transactions Equity Adjustments ------ ------ ------ ------ Property, Plant and Equipment Gas utility and other plant, at original cost ....... Accumulated depreciation and depletion .............. Net Gas Utility and Other Plant ..................... Gas and oil producing properties, full cost method .. Accumulated depletion ............................... Net Gas and Oil Producing Properties ................ Net Property, Plant, and Equipment .................... Investments and Other Assets Accounts receivable - noncurrent .................... Unconsolidated affiliates ........................... Assets held for sale ................................ Other ............................................... Total Investments and Other Assets .................... Investments in Subsidiaries Capital stock ....................................... Equity in undistributed earnings of subsidiaries ....................................... Notes receivable .................................... Other investments ................................... Total Investments in Subsidiaries ..................... Current Assets Cash and temporary cash investments ................. Accounts receivable, net Customers ......................................... Intercompany ...................................... Other ............................................. Income tax refunds .................................. Gas inventory ....................................... Other inventories, at average cost .................. Prepayments ......................................... Regulatory assets ................................... Other ............................................... Total Current Assets .................................. Deferred Charges ...................................... Long-term Regulatory Assets ........................... TOTAL ASSETS ..........................................
CONFIDENTIAL TREATMENT REQUESTED 86 F-2B (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Tristar Capital Corporation and Subsidiary Consolidating Balance Sheet Entries as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating CAPITALIZATION AND LIABILITIES Total Transactions Equity Adjustments ------ ------ ------ ------ Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) ... Subsidiaries - common stock ...................... Additional paid in capital ....................... Retained earnings ................................ Unearned employee compensation ................... Total common stock equity .......................... Long-term debt ..................................... Installment promissory notes payable ............... Other intercompany notes and loans ................. Total Capitalization ................................. Current Liabilities Debt obligations ................................... Accounts and drafts payable ........................ Intercompany notes and loans - current maturities .. Intercompany short-term loans ...................... Intercompany accounts payable ...................... Accrued taxes ...................................... Accrued interest ................................... Estimated rate refunds ............................. Estimated supplier obligations ..................... Transportation and exchange gas payable ............ Deferred income taxes .............................. Regulatory liabilities ............................. Other .............................................. Total Current Liabilities ............................ Other Liabilities and Deferred Credits Deferred income taxes, noncurrent .................. Investment tax credits ............................. Postretirement benefits other than pensions ........ Long-term regulatory liabilities ................... Other .............................................. Total Other Liabilities and Deferred Credits ......... TOTAL CAPITALIZATION AND LIABILITIES .................
CONFIDENTIAL TREATMENT REQUESTED 87 F-2C (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Balance Sheet Entries as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating ASSETS Total Transactions Equity Adjustments ------- ------- ------- ------- Property, Plant and Equipment Gas utility and other plant, at original cost ....... Accumulated depreciation and depletion .............. Net Gas Utility and Other Plant ..................... Gas and oil producing properties, full cost method .. Accumulated depletion ............................... Net Gas and Oil Producing Properties ................ Net Property, Plant, and Equipment .................... Investments and Other Assets Accounts receivable - noncurrent .................... Unconsolidated affiliates ........................... Assets held for sale ................................ Other ............................................... Total Investments and Other Assets .................... Investments in Subsidiaries Capital stock ....................................... Equity in undistributed earnings of subsidiaries ....................................... Notes receivable .................................... Other investments ................................... Total Investments in Subsidiaries ..................... Current Assets Cash and temporary cash investments ................. Accounts receivable, net Customers ......................................... Intercompany ...................................... Other ............................................. Income tax refunds .................................. Gas inventory ....................................... Other inventories, at average cost .................. Prepayments ......................................... Regulatory assets ................................... Other ............................................... Total Current Assets .................................. Deferred Charges ...................................... Long-term Regulatory Assets ........................... TOTAL ASSETS ..........................................
CONFIDENTIAL TREATMENT REQUESTED 88 F-2C (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Balance Sheet Entries as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating CAPITALIZATION AND LIABILITIES Total Transactions Equity Adjustments ---- ---- ---- ---- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) ... Subsidiaries - common stock ...................... Additional paid in capital ....................... Retained earnings ................................ Unearned employee compensation ................... Total common stock equity .......................... Long-term debt ..................................... Installment promissory notes payable ............... Other intercompany notes and loans ................. Total Capitalization ................................. Current Liabilities Debt obligations ................................... Accounts and drafts payable ........................ Intercompany notes and loans - current maturities .. Intercompany short-term loans ...................... Intercompany accounts payable ...................... Accrued taxes ...................................... Accrued interest ................................... Estimated rate refunds ............................. Estimated supplier obligations ..................... Transportation and exchange gas payable ............ Deferred income taxes .............................. Regulatory liabilities ............................. Other .............................................. Total Current Liabilities ............................ Other Liabilities and Deferred Credits Deferred income taxes, noncurrent .................. Investment tax credits ............................. Postretirement benefits other than pensions ........ Long-term regulatory liabilities ................... Other .............................................. Total Other Liabilities and Deferred Credits ......... TOTAL CAPITALIZATION AND LIABILITIES .................
CONFIDENTIAL TREATMENT REQUESTED 89 F-1D (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Services Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating Total Transactions Equity Adjustments ----- ------------ ------ ----------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost .... Accumulated depreciation and depletion ........... Net Gas Utility and Other Plant .................. Gas and oil producing properties, full cost method ......................................... Accumulated depletion ............................ Net Gas and Oil Producing Properties ............. Net Property, Plant, and Equipment ................. Investments and Other Assets Accounts receivable - noncurrent ................. Unconsolidated affiliates ........................ Assets held for sale ............................. Other ............................................ Total Investments and Other Assets ................. Investments in Subsidiaries Capital stock .................................... Equity in undistributed earnings of subsidiaries .................................... Notes receivable ................................. Other investments ................................ Total Investments in Subsidiaries .................. Current Assets Cash and temporary cash investments .............. Accounts receivable, net Customers ...................................... Intercompany ................................... Other .......................................... Income tax refunds ............................... Gas inventory .................................... Other inventories, at average cost ............... Prepayments ...................................... Regulatory assets ................................ Exchange gas receivable .......................... Other ............................................ Total Current Assets ............................... Deferred Charges ................................... Long-term Regulatory Assets ........................ TOTAL ASSETS .......................................
CONFIDENTIAL TREATMENT REQUESTED 90 F-2D (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Services Corporation and Subsidiaries Consolidating Balance Sheet Entries as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating Total Transactions Equity Adjustments ----- ------------ ------ ----------- CAPITALIZATION AND LIABILITIES Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) Subsidiaries - common stock ................... Additional paid in capital .................... Retained earnings ............................. Unearned employee compensation ................ Total common stock equity ....................... Long-term debt .................................. Installment promissory notes payable ............ Other intercompany notes and loans .............. Total Capitalization .............................. Current Liabilities Debt obligations ................................ Accounts and drafts payable ..................... Intercompany notes and loans - current maturities..................................... Intercompany short-term loans ................... Intercompany accounts payable ................... Accrued taxes ................................... Accrued interest ................................ Estimated rate refunds .......................... Estimated supplier obligations .................. Transportation and exchange gas payable ......... Deferred income taxes ........................... Regulatory liabilities .......................... Other ........................................... Total Current Liabilities ......................... Other Liabilities and Deferred Credits Income taxes, noncurrent ........................ Investment tax credits .......................... Postretirement benefits other than pensions ..... Long-term regulatory liabilities ................ Other ........................................... Total Other Liabilities and Deferred Credits ...... TOTAL CAPITALIZATION AND LIABILITIES ..............
CONFIDENTIAL TREATMENT REQUESTED 91 F-2E (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiary Consolidated Balance Sheet Entries as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating ASSETS Total Transactions Equity Adjustments ----- ------------ ------ ----------- Property, Plant and Equipment Gas utility and other plant, at original cost .... Accumulated depreciation and depletion ........... Net Gas Utility and Other Plant .................. Gas and oil producing properties, full cost method .......................................... Accumulated depletion ............................ Net Gas and Oil Producing Properties ............. Net Property, Plant, and Equipment ................. Investments and Other Assets Accounts receivable - noncurrent ................. Unconsolidated affiliates ........................ Assets held for sale ............................. Other ............................................ Total Investments and Other Assets ................. Investments in Subsidiaries Capital stock .................................... Equity in undistributed earnings of subsidiaries .................................... Notes receivable ................................. Other investments ................................ Total Investments in Subsidiaries .................. Current Assets Cash and temporary cash investments .............. Accounts receivable, net Customers ...................................... Intercompany ................................... Other .......................................... Income tax refunds ............................... Gas inventory .................................... Other inventories, at average cost ............... Prepayments ...................................... Regulatory assets ................................ Other ............................................ Total Current Assets ............................... Deferred Charges ................................... Long-term Regulatory Assets ........................ TOTAL ASSETS .......................................
CONFIDENTIAL TREATMENT REQUESTED 92 F-2F (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Natural Resources, Inc. and Subsidiary Consolidating Balance Sheet Entries as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating ASSETS Total Transactions Equity Adjustments ------ ----- ------------ ------ ----------- Property, Plant and Equipment Gas utility and other plant, at original cost .... Accumulated depreciation and depletion ........... Net Gas Utility and Other Plant .................. Gas and oil producing properties, full cost method .......................................... Accumulated depletion ............................ Net Gas and Oil Producing Properties ............. Net Property, Plant, and Equipment ................. Investments and Other Assets Accounts receivable - noncurrent ................. Unconsolidated affiliates ........................ Assets held for sale ............................. Other ............................................ Total Investments and Other Assets ................. Investments in Subsidiaries Capital stock .................................... Equity in undistributed earnings of subsidiaries .................................... Notes receivable ................................. Other investments ................................ Total Investments in Subsidiaries .................. Current Assets Cash and temporary cash investments .............. Accounts receivable, net Customers ...................................... Intercompany ................................... Other .......................................... Income tax refunds ............................... Gas inventory .................................... Other inventories, at average cost ............... Prepayments ...................................... Regulatory assets ................................ Other ............................................ Total Current Assets ............................... Deferred Charges ................................... Long-term Regulatory Assets ........................ TOTAL ASSETS .......................................
CONFIDENTIAL TREATMENT REQUESTED 93 F-2F (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Natural Resources, Inc. and Subsidiary Consolidating Balance Sheet Entries as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating CAPITALIZATION AND LIABILITIES Total Transactions Equity Adjustments ------------------------------ ----- ------------ ------ ----------- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) Subsidiaries - common stock ................... Additional paid in capital .................... Retained earnings ............................. Unearned employee compensation ................ Total common stock equity ....................... Long-term debt .................................. Installment promissory notes payable ............ Other intercompany notes and loans .............. Total Capitalization .............................. Current Liabilities Debt obligations ................................ Accounts and drafts payable ..................... Intercompany notes and loans - current maturities .................................... Intercompany short-term loans ................... Intercompany accounts payable ................... Accrued taxes ................................... Accrued interest ................................ Estimated rate refunds .......................... Estimated supplier obligations .................. Transportation and exchange gas payable ......... Deferred income taxes ........................... Regulatory liabilities .......................... Other ........................................... Total Current Liabilities ......................... Other Liabilities and Deferred Credits Deferred income taxes, noncurrent ............... Investment tax credits .......................... Postretirement benefits other than pensions ..... Long-term regulatory liabilities ................ Other ........................................... Total Other Liabilities and Deferred Credits ...... TOTAL CAPITALIZATION AND LIABILITIES ..............
CONFIDENTIAL TREATMENT REQUESTED 94 F-2G (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Alamco, Inc. and Subsidiaries Consolidating Balance Sheet Entries as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 3 Entry No. 1 Entry No. 2 Adjust to Eliminate Eliminate Consoli- Entry No. 4 Intercompany Subsidiary dated Full Elimination/ ASSETS Total Transactions Equity Cost Pool Adjustments ----- ------------ ------ --------- ----------- Property, Plant and Equipment Gas utility and other plant, at original cost ..... Accumulated depreciation and depletion ............ Net Gas Utility and Other Plant ................... Gas and oil producing properties, full cost method Accumulated depletion ............................. Net Gas and Oil Producing Properties .............. Net Property, Plant, and Equipment .................. Investments and Other Assets Accounts receivable - noncurrent .................. Unconsolidated affiliates ......................... Assets held for sale .............................. Other ............................................. Total Investments and Other Assets .................. Investments in Subsidiaries Capital stock ..................................... Equity in undistributed earnings of subsidiaries ..................................... Notes receivable .................................. Other investments ................................. Total Investments in Subsidiaries ................... Current Assets Cash and temporary cash investments ............... Accounts receivable, net Customers ....................................... Intercompany .................................... Other ........................................... Income tax refunds ................................ Gas inventory ..................................... Other inventories, at average cost ................ Prepayments ....................................... Regulatory assets ................................. Other ............................................. Total Current Assets ................................ Deferred Charges .................................... Long-term Regulatory Assets ......................... TOTAL ASSETS ........................................
CONFIDENTIAL TREATMENT REQUESTED 95 F-2G (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Alamco, Inc. and Subsidiaries Consolidating Balance Sheet Entries as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 3 Entry No. 1 Entry No. 2 Adjust to Eliminate Eliminate Consoli- Entry No. 4 Intercompany Subsidiary dated Full Elimination/ CAPITALIZATION AND LIABILITIES Total Transactions Equity Cost Pool Adjustments ----- ------------ ------ --------- ----------- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (55,495,460 shares outstanding) ............................... Subsidiaries - common stock ................... Additional paid in capital .................... Retained earnings ............................. Unearned employee compensation ................ Total common stock equity ....................... Long-term debt .................................. Installment promissory notes payable ............ Other intercompany notes and loans .............. Total Capitalization .............................. Current Liabilities Debt obligations ................................ Accounts and drafts payable ..................... Intercompany notes and loans - current maturities .................................... Intercompany short-term loans ................... Intercompany accounts payable ................... Accrued taxes ................................... Accrued interest ................................ Estimated rate refunds .......................... Estimated supplier obligations .................. Transportation and exchange gas payable ......... Deferred income taxes ........................... Regulatory liabilities .......................... Other ........................................... Total Current Liabilities ......................... Other Liabilities and Deferred Credits Income taxes, noncurrent ........................ Investment tax credits .......................... Postretirement benefits other than pensions ..... Long-term regulatory liabilities ................ Other ........................................... Total Other Liabilities and Deferred Credits ...... TOTAL CAPITALIZATION AND LIABILITIES ..............
CONFIDENTIAL TREATMENT REQUESTED 96 F-3 (1 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Income Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- F-3 F-3 F-3 F-3 dating Consoli- Page 2 Page 3 Page 4 Page 5 Combined Entries dated ---------- ---------- ---------- ------ ---------- -------- ---------- Operating Revenues Gas sales .......................... 4,286,717 Transportation ..................... 531,526 Storage ............................ 90,593 Other .............................. 144,817 ---------- Total Operating Revenues ............. 5,053,653 ---------- Operating Expenses Products purchased ................. 3,138,072 Operation .......................... 862,076 Maintenance ........................ 100,203 Depreciation and depletion ......... 221,313 Other taxes ........................ 222,561 ---------- Total Operating Expenses ............. 4,544,225 ---------- Operating Income (Loss) .............. 509,428 ---------- Other Income (Deductions) Interest income and other, net ..... 40,398 Interest expense and related charges ........................... (157,560) ---------- Total Other Income (Deductions) ...... (117,162) ---------- Income (Loss) before Income Taxes .... 392,266 Income Taxes ......................... 118,930 ---------- Net Income (Loss) .................... 273,336 ==========
CONFIDENTIAL TREATMENT REQUESTED 97 F-3 (2 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Income Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-3 Page 2 CNR (a) TCO CGT CLG (a) CKY Total -------- -------- -------- ------- -------- ---------- Operating Revenues Gas sales .......................... 3,235 -- 147,490 Transportation ..................... 489,140 133,135 8,381 Storage ............................ 179,850 -- -- Other .............................. 26,175 8,397 386 -------- -------- -------- Total Operating Revenues ............. 698,400 141,532 156,257 -------- -------- -------- Operating Expenses Products purchased ................. 2,119 -- 93,413 Operation .......................... 302,593 65,633 27,948 Maintenance ........................ 38,078 16,122 2,885 Depreciation and depletion ......... 81,192 23,133 6,704 Other taxes ........................ 44,878 7,881 2,184 -------- -------- -------- Total Operating Expenses ............. 468,860 112,769 133,134 -------- -------- -------- Operating Income (Loss) .............. 229,540 28,763 23,123 -------- -------- -------- Other Income (Deductions) Interest income and other, net ..... 25,109 635 150 Interest expense and related charges .......................... (46,061) (5,370) (4,617) -------- -------- -------- Total Other Income (Deductions) ...... (20,952) (4,735) (4,467) -------- -------- -------- Income (Loss) before Income Taxes .... 208,588 24,028 18,656 Income Taxes ......................... 64,495 8,700 7,017 -------- -------- -------- Net Income (Loss) .................... 144,093 15,328 11,639 ======== ======== ========
CONFIDENTIAL TREATMENT REQUESTED 98 F-3 (3 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Income Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-3 Page 3 COH CMD CPA COS CG Total ---------- ------- -------- -------- -------- ---------- Operating Revenues Gas sales .......................... 1,340,113 49,981 426,185 183,761 Transportation ..................... 83,323 2,978 36,358 12,136 Storage ............................ -- -- -- -- Other .............................. 2,302 153 661 2,103 ---------- ------- -------- -------- Total Operating Revenues ............. 1,425,738 53,112 463,204 198,000 ---------- ------- -------- -------- Operating Expenses Products purchased ................. 901,298 32,690 263,441 107,354 Operation .......................... 233,711 8,698 91,655 38,654 Maintenance ........................ 19,674 1,263 8,419 8,068 Depreciation and depletion ......... 44,918 2,700 14,714 9,206 Other taxes ........................ 116,164 1,911 25,685 8,744 ---------- ------- -------- -------- Total Operating Expenses ............. 1,315,765 47,262 403,914 172,026 ---------- ------- -------- -------- Operating Income (Loss) .............. 109,973 5,850 59,290 25,974 ---------- ------- -------- -------- Other Income (Deductions) Interest income and other, net ..... 759 41 (15) 379 Interest expense and related charges .......................... (29,039) (1,438) (13,455) (8,889) ---------- ------- -------- -------- Total Other Income (Deductions) ...... (28,280) (1,397) (13,470) (8,510) ---------- ------- -------- -------- Income (Loss) before Income Taxes .... 81,693 4,453 45,820 17,464 Income Taxes ......................... 29,267 1,400 15,265 5,337 ---------- ------- -------- -------- Net Income (Loss) .................... 52,426 3,053 30,555 12,127 ========== ======= ======== ========
CONFIDENTIAL TREATMENT REQUESTED 99 F-3 (4 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Income Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-3 Page 4 CS CIC CES (a) CPC TVC (a) Total ------- ----- ---------- ------- ------- ---------- Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ............. Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ............. Operating Income (Loss) .............. Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges .......................... Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED 100 F-3 (5 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Income Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-3 Page 5 TCC (a) CAT CNS (a) Total ------ --- ------ ------ Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ............. Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ............. Operating Income (Loss) .............. Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges .......................... Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED 101 F-3A (1 of 3) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Income Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-3A F-3A Consolidating TVC Page 2 Page 3 Combined Entries Consolidated ------ ------ -------- ------- ------------ Operating Revenues Gas sales ............................ Transportation ....................... Storage .............................. Other ................................ Total Operating Revenues ............... Operating Expenses Products purchased ................... Operation ............................ Maintenance .......................... Depreciation and depletion ........... Other taxes .......................... Total Operating Expenses ............... Operating Income (Loss) ................ Other Income (Deductions) Interest income and other, net ....... Interest expense and related charges.. Total Other Income (Deductions) ........ Income (Loss) before Income Taxes ...... Income Taxes ........................... Net Income (Loss) ......................
CONFIDENTIAL TREATMENT REQUESTED 102 F-3A (2 of 3) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Income Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-3A Page 2 BGC BLC GGC GLC PGC PLC TVC Total --- --- --- --- --- --- --- ----- Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ............. Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ............. Operating Income (Loss) .............. Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED 103 F-3A (3 of 3) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Income Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-3A Page 3 VGC VLC RL FC TVC9 TVC10 Total --- --- -- -- ---- ----- ----- Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ............. Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ............. Operating Income (Loss) .............. Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED 104 F-3B (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Tristar Capital Corporation and Subsidiary Consolidating Statement of Income Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating TCC TGT TCC Combined Entries Consolidated --- --- -------- ------- ------------ Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ............. Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ............. Operating Income (Loss) .............. Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED 105 F-3C (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Statement of Income Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CLG CLNG CLG Combined Entries Consolidated ---- --- -------- ------- ------------ Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ............. Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ............. Operating Income (Loss) .............. Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED 106 F-3D (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Services Corporation and Subsidiaries Consolidating Income Statement as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CEM CPM CSP CES Combined --- --- --- --- -------- Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ............. Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ............. Operating Income (Loss) .............. Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED
Consoli- dating CES Entries Consolidated ------- ------------ Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ............. Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ............. Operating Income (Loss) .............. Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED 107 F-3E (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiary Consolidating Statement of Income Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CNS CMC CNS Combined Entries Consolidated --- --- -------- ------- ------------ Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ............. Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ............. Operating Income (Loss) .............. Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED 108 F-3F (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Natural Resources, Inc. and Subsidiary Consolidating Statement of Income Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CNR CNR Alamco Combined Entries Consolidated --- ------ -------- ------- ------------ Operating Revenues Gas sales .......................... 99,469 Transportation ..................... -- Storage ............................ -- Other .............................. 13,824 ------- Total Operating Revenues ............. 113,293 ------- Operating Expenses Products purchased ................. -- Operation .......................... 45,181 Maintenance ........................ 568 Depreciation and depletion ......... 27,564 Other taxes ........................ 9,068 ------- Total Operating Expenses ............. 82,381 ------- Operating Income (Loss) .............. 30,912 ------- Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED 109 F-3G (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Alamco, Inc. and Subsidiaries Consolidating Statement of Income Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating Alamco Alamco Hawg Hauling Alamco - Deleware Combined Entries Consolidated ------ ------------ ----------------- -------- ------- ------------ Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ............. Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ............. Operating Income (Loss) .............. Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED 110 F-4 (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Income Entries Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating Total Transactions Equity Adjustments ----- ------------ ------ ----------- Operating Revenues Gas sales ............................ Transportation ....................... Storage .............................. Other ................................ Total Operating Revenues ............... Operating Expenses Products purchased ................... Operation ............................ Maintenance .......................... Depreciation and depletion ........... Other taxes .......................... Total Operating Expenses ............... Operating Income (Loss) ................ Other Income (Deductions) Interest income and other, net ....... Interest expense and related charges.. Total Other Income (Deductions) ........ Income (Loss) before Income Taxes ...... Income Taxes ........................... Net Income (Loss) ......................
CONFIDENTIAL TREATMENT REQUESTED 111 F-4A (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Income Entries Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating Total Transactions Equity Adjustments ----- ------------ ------ ----------- Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ............. Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ............. Operating Income (Loss) .............. Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED 112 F-4B (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Tristar Capital Corporation and Subsidiary Consolidating Statement of Income Entries Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating Total Transactions Equity Adjustments ----- ------------ ------ ----------- Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ........... Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ........... Operating Income (Loss) ............ Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges Total Other Income (Deductions) .... Income (Loss) before Income Taxes .. Income Taxes ....................... Net Income (Loss) ..................
CONFIDENTIAL TREATMENT REQUESTED 113 F-4C (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Statement of Income Entries Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating Total Transactions Equity Adjustments ----- ------------ ------ ----------- Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ............. Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ............. Operating Income (Loss) .............. Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED 114 F-4D (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Services Corporation and Subsidiaries Consolidating Income Statement Entries as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating Total Transactions Equity Adjustments ----- ------------ ----------- ----------- Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ............. Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ............. Operating Income (Loss) .............. Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED 115 F-4E (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiary Consolidating Statement of Income Entries Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating Total Transactions Equity Adjustments ----- ------------ ------ ----------- Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ............. Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ............. Operating Income (Loss) .............. Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED 116 F-4F (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Natural Resources, Inc. and Subsidiary Consolidating Statement of Income Entries Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consolidating Total Transactions Equity Adjustments ----- ------------ ------ ----------- Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ............. Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ............. Operating Income (Loss) .............. Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED 117 F-4G (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Alamco, Inc. and Subsidiaries Consolidating Statement of Income Entries Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 3 Entry No. 1 Entry No. 2 Adjust to Eliminate Eliminate Consoli- Entry No. 4 Intercompany Subsidiary dated Full Elimination/ Total Transactions Equity Cost Pool Adjustments ----- ------------ ---------- --------- ----------- Operating Revenues Gas sales .......................... Transportation ..................... Storage ............................ Other .............................. Total Operating Revenues ............. Operating Expenses Products purchased ................. Operation .......................... Maintenance ........................ Depreciation and depletion ......... Other taxes ........................ Total Operating Expenses ............. Operating Income (Loss) .............. Other Income (Deductions) Interest income and other, net ..... Interest expense and related charges Total Other Income (Deductions) ...... Income (Loss) before Income Taxes .... Income Taxes ......................... Net Income (Loss) ....................
CONFIDENTIAL TREATMENT REQUESTED 118 F-5 (1 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Common Stock Equity Year Ended December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-5 F-5 F-5 F-5 Consolidating Page 2 Page 3 Page 4 Page 5 Combined Entries Consolidated ------ ------ ------ ------ -------- ------- ------------ Common Stock Balance at beginning of year 567,855 Common stock issued - Subsidiaries ............. -- Dividend reinvestment plan -- Long-term incentive plan . 2,318 Public offering .......... -- Recapitalization - Reduction in par value ... (15,218) ---------- Balance at end of year ...... 554,955 ---------- Additional Paid in Capital Balance at beginning of year 727,823 Common stock issued - Subsidiaries ............. 177 Dividend reinvestment plan -- Long-term incentive plan . 10,998 Public offering .......... -- Other .................... -- Recapitalization - Debt issuance ............ -- Dividends paid ........... -- Capital contributions .... -- Reduction in par value ... 15,218 ---------- Balance at end of year ...... 754,216 ---------- Retained Earnings Balance at beginning of year 259,258 Net income ................. 273,336 Common stock dividends - CG ....................... 49,879 Subsidiaries (to CG) ..... -- Other ...................... -- ---------- Balance at end of year ...... 482,715 ---------- Reacquired Capital Stock ..... -- Unearned Employee Compensation Balance at beginning of year (1,459) Adjustment ................. 292 ---------- Balance at end of year ...... (1,167) ---------- TOTAL COMMON STOCK EQUITY .... 1,790,719 ==========
CONFIDENTIAL TREATMENT REQUESTED 119 F-5 (2 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Common Stock Equity Year Ended December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-5 Page 2 CNR (a) TCO CGT CLG (a) CKY Total ------- --- --- ------- --- ----- Common Stock Balance at beginning of year 241,784 59,780 23,806 Common stock issued - Subsidiaries ............. (241,735) (59,760) -- Dividend reinvestment plan -- -- -- Long-term incentive plan . -- -- -- Public offering .......... -- -- -- Recapitalization - Reduction in par value ... -- -- -- ---------- ---------- ---------- Balance at end of year ...... 49 20 23,806 ---------- ---------- ---------- Additional Paid in Capital Balance at beginning of year 1,270,289 22,669 174 Common stock issued - Subsidiaries ............. 241,735 59,760 -- Dividend reinvestment plan -- -- -- Long-term incentive plan . -- -- -- Public offering .......... -- -- -- Other .................... -- -- -- Recapitalization - Debt issuance ............ -- -- -- Dividends paid ........... -- -- -- Capital contributions .... -- -- -- Reduction in par value ... -- -- -- ---------- ---------- ---------- Balance at end of year ...... 1,512,024 82,429 174 ---------- ---------- ---------- Retained Earnings Balance at beginning of year (609,704) 21,276 40,326 Net income ................. 144,093 15,328 11,639 Common stock dividends - CG ....................... -- -- -- Subsidiaries (to CG) ..... 72,000 15,200 9,284 Other ...................... -- -- -- ---------- ---------- ---------- Balance at end of year ...... (537,611) 21,404 42,681 ---------- ---------- ---------- Reacquired Capital Stock ..... -- -- -- Unearned Employee Compensation Balance at beginning of year -- -- -- Adjustment ................. -- -- -- ---------- ---------- ---------- Balance at end of year ...... -- -- -- ---------- ---------- ---------- TOTAL COMMON STOCK EQUITY .... 974,462 103,853 66,661 ========== ========== ==========
CONFIDENTIAL TREATMENT REQUESTED 120 F-5 (3 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Common Stock Equity Year Ended December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-5 Page 3 CMD CPA COS COH CG Total --- --- --- --- -- ----- Common Stock Balance at beginning of year 10,092 85,128 50,305 119,240 Common stock issued - Subsidiaries ............. (10,020) -- 15,000 -- Dividend reinvestment plan -- -- -- -- Long-term incentive plan . -- -- -- -- Public offering .......... -- -- -- -- Recapitalization - Reduction in par value ... -- -- -- -- ---------- ---------- ---------- ---------- Balance at end of year ...... 72 85,128 65,305 119,240 ---------- ---------- ---------- ---------- Additional Paid in Capital Balance at beginning of year -- -- 2,969 -- Common stock issued - Subsidiaries ............. 10,020 -- -- -- Dividend reinvestment plan -- -- -- -- Long-term incentive plan . -- -- -- -- Public offering .......... -- -- -- -- Other .................... -- -- -- -- Recapitalization - Debt issuance ............ -- -- -- -- Dividends paid ........... -- -- -- -- Capital contributions .... -- -- -- -- Reduction in par value ... -- -- -- -- ---------- ---------- ---------- ---------- Balance at end of year ...... 10,020 -- 2,969 -- ---------- ---------- ---------- ---------- Retained Earnings Balance at beginning of year 11,807 124,438 61,394 271,330 Net income ................. 3,053 30,555 12,127 52,426 Common stock dividends - CG ....................... -- -- -- -- Subsidiaries (to CG) ..... 2,553 24,006 -- 20,509 Other ...................... -- -- -- -- ---------- ---------- ---------- ---------- Balance at end of year ...... 12,307 130,987 73,521 303,247 ---------- ---------- ---------- ---------- Reacquired Capital Stock ..... -- -- -- -- Unearned Employee Compensation Balance at beginning of year -- -- -- -- Adjustment ................. -- -- -- -- ---------- ---------- ---------- ---------- Balance at end of year ...... -- -- -- -- ---------- ---------- ---------- ---------- TOTAL COMMON STOCK EQUITY .... 22,399 216,115 141,795 422,487 ========== ========== ========== ==========
CONFIDENTIAL TREATMENT REQUESTED 121 F-5 (4 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Common Stock Equity Year Ended December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-5 Page 4 CS CIC CES (a) CPC TVC (a) Total -- --- ------- --- ------- ----- Common Stock Balance at beginning of year -- Common stock issued - Subsidiaries ............. 300 Dividend reinvestment plan -- Long-term incentive plan . -- Public offering .......... -- Recapitalization - Reduction in par value ... -- -------- Balance at end of year ...... 300 -------- Additional Paid in Capital Balance at beginning of year -- Common stock issued - Subsidiaries ............. 12,700 Dividend reinvestment plan -- Long-term incentive plan . -- Public offering .......... -- Other .................... -- Recapitalization - Debt issuance ............ -- Dividends paid ........... -- Capital contributions .... -- Reduction in par value ... -- -------- Balance at end of year ...... 12,700 -------- Retained Earnings Balance at beginning of year 3,641 Net income ................. 2,236 Common stock dividends - CG ....................... -- Subsidiaries (to CG) ..... 2,223 Other ...................... -- -------- Balance at end of year ...... 3,654 -------- Reacquired Capital Stock ..... -- Unearned Employee Compensation Balance at beginning of year -- Adjustment ................. -- -------- Balance at end of year ...... -- -------- TOTAL COMMON STOCK EQUITY .... 16,654 ========
CONFIDENTIAL TREATMENT REQUESTED 122 F-5 (5 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Common Stock Equity Year Ended December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-5 Page 5 TCC (a) CAT CNS (a) Total ------- --- ------- ----- Common Stock Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Recapitalization - Reduction in par value ... Balance at end of year ...... Additional Paid in Capital Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Other .................... Recapitalization - Debt issuance ............ Dividends paid ........... Capital contributions .... Reduction in par value ... Balance at end of year ...... Retained Earnings Balance at beginning of year Net income ................. Common stock dividends - CG ....................... Subsidiaries (to CG) ..... Other ...................... Balance at end of year ...... Reacquired Capital Stock ..... Unearned Employee Compensation Balance at beginning of year Adjustment ................. Balance at end of year ...... TOTAL COMMON STOCK EQUITY ....
CONFIDENTIAL TREATMENT REQUESTED 123 F-5A (1 of 3) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Common Stock Equity Year Ended December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-5A F-5A Consolidating TVC Page 2 Page 3 Combined Entries Consolidated ------ ------ -------- ------- ------------ Common Stock Balance at beginning of year Common stock issued - ...... Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Recapitalization - Reduction in par value ... Balance at end of year ...... Additional Paid in Capital Balance at beginning of year Common stock issued - ...... Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Other .................... Recapitalization - Debt issuance ............ Dividends paid ........... Capital contributions .... Reduction in par value ... Balance at end of year ...... Retained Earnings Balance at beginning of year Net income (loss) .......... Common stock dividends - CG ....................... Subsidiaries (to CG) ..... Other ...................... Balance at end of year ...... Reacquired Capital Stock ..... Unearned Employee Compensation Balance at beginning of year Adjustment ................. Balance at end of year ...... TOTAL COMMON STOCK EQUITY ....
CONFIDENTIAL TREATMENT REQUESTED 124 F-5A (2 of 3) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Common Stock Equity Year Ended December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-5A Page 2 BGC BLC GGC GLC PGC PLC TVC Total --- --- --- --- --- --- --- ----- Common Stock Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Recapitalization - Reduction in par value ... Balance at end of year ...... Additional Paid in Capital Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Other .................... Recapitalization - Debt issuance ............ Dividends paid ........... Capital contributions .... Reduction in par value ... Balance at end of year ...... Retained Earnings Balance at beginning of year Net income (loss) .......... Common stock dividends - ... CG ....................... Subsidiaries (to CG) ..... Other ...................... Balance at end of year ...... Reacquired Capital Stock ..... Unearned Employee Compensation Balance at beginning of year Adjustment ................. Balance at end of year ...... TOTAL COMMON STOCK EQUITY ....
CONFIDENTIAL TREATMENT REQUESTED 125 F-5A (3 of 3) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Common Stock Equity Year Ended December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-5A Page 3 VGC VLC RL FC TVC9 TVC10 Total --- --- -- -- ---- ----- ----- Common Stock Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Recapitalization - Reduction in par value ... Balance at end of year ...... Additional Paid in Capital Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Other .................... Recapitalization - Debt issuance ............ Dividends paid ........... Capital contributions .... Reduction in par value ... Balance at end of year ...... Retained Earnings Balance at beginning of year Net income (loss) .......... Common stock dividends - CG ....................... Subsidiaries (to CG) ..... Other ...................... Balance at end of year ...... Reacquired Capital Stock ..... Unearned Employee Compensation Balance at beginning of year Adjustment ................. Balance at end of year ...... TOTAL COMMON STOCK EQUITY ....
CONFIDENTIAL TREATMENT REQUESTED 126 F-5B (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Tristar Capital Corporation and Subsidiary Consolidating Statement of Common Stock Equity Year Ended December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating TCC TGT TCC Combined Entries Consolidated --- --- -------- ------- ------------ Common Stock Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Recapitalization - ......... Reduction in par value ... Balance at end of year ..... Additional Paid in Capital Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Other .................... Recapitalization - Debt issuance ............ Dividends paid ........... Capital contributions .... Reduction in par value ... Balance at end of year ..... Retained Earnings Balance at beginning of year Net income (loss) .......... Common stock dividends - CG ....................... Subsidiaries (to CG) ..... Other ...................... Balance at end of year ..... Reacquired Capital Stock ..... Unearned Employee Compensation Balance at beginning of year Adjustment ................. Balance at end of year ..... TOTAL COMMON STOCK EQUITY ....
CONFIDENTIAL TREATMENT REQUESTED 127 F-5C (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Statement of Common Stock Equity Year Ended December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CLG CLNG CLG Combined Entries Consolidated ---- --- -------- ------- ------------ Common Stock Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Recapitalization - Reduction in par value ... Balance at end of year ..... Additional Paid in Capital Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Other .................... Recapitalization - Debt issuance ............ Dividends paid ........... Capital contributions .... Reduction in par value ... Balance at end of year ..... Retained Earnings Balance at beginning of year Net income (loss) .......... Common stock dividends - CG ....................... Subsidiaries (to CG) ..... Other ...................... Balance at end of year ..... Reacquired Capital Stock ..... Unearned Employee Compensation Balance at beginning of year Adjustment ................. Balance at end of year ..... TOTAL COMMON STOCK EQUITY ....
CONFIDENTIAL TREATMENT REQUESTED 128 F-5D (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Services Corporation and Subsidiaries Consolidating Statement of Common Stock Equity as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CES CEM CPM CSP CES Combined Entries Consolidated --- --- --- --- -------- ------- ------------ Common Stock Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Recapitalization - ......... Reduction in par value ... Balance at end of year ...... Additional Paid in Capital Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Other .................... Recapitalization - Debt issuance ............ Dividends paid ........... Capital contributions .... Reduction in par value ... Balance at end of year ...... Retained Earnings Balance at beginning of year Net income (loss) ........... Common stock dividends - CG ....................... Subsidiaries (to CG) ..... Other ...................... Balance at end of year ...... Reacquired Capital Stock ..... Unearned Employee Compensation Balance at beginning of year Adjustment ................. Balance at end of year ...... TOTAL COMMON STOCK EQUITY ....
CONFIDENTIAL TREATMENT REQUESTED 129 F-5E (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiary Consolidating Statement of Common Stock Equity Year Ended December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CNS CMC CNS Combined Entries Consolidated --- --- -------- ------- ------------ Common Stock Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Recapitalization - Reduction in par value ... Balance at end of year ..... Additional Paid in Capital Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Other .................... Recapitalization - Debt issuance ............ Dividends paid ........... Capital contributions .... Reduction in par value ... Balance at end of year ..... Retained Earnings Balance at beginning of year Net income (loss) .......... Common stock dividends - CG ....................... Subsidiaries (to CG) ..... Other ...................... Balance at end of year ..... Reacquired Capital Stock ..... Unearned Employee Compensation Balance at beginning of year Adjustment ................. Balance at end of year ..... TOTAL COMMON STOCK EQUITY ....
CONFIDENTIAL TREATMENT REQUESTED 130 F-5F (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Natural Resources, Inc. and Subsidiary Consolidating Statement of Common Stock Equity Year Ended December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CNR CNR Alamco Combined Entries Consolidated --- ------ -------- ------- ------------ Common Stock Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Recapitalization - Reduction in par value ... Balance at end of year ..... Additional Paid in Capital Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Other .................... Recapitalization - Debt issuance ............ Dividends paid ........... Capital contributions .... Reduction in par value ... Balance at end of year ..... Retained Earnings Balance at beginning of year Net income (loss) .......... Common stock dividends - CG ....................... Subsidiaries (to CG) ..... Other ...................... Balance at end of year ..... Reacquired Capital Stock ..... Unearned Employee Compensation Balance at beginning of year Adjustment ................. Balance at end of year ..... TOTAL COMMON STOCK EQUITY ....
CONFIDENTIAL TREATMENT REQUESTED 131 F-5G (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Alamco, Inc. and Subsidiaries Consolidating Statement of Common Stock Equity Year Ended December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating Alamco Alamco Hawg Hauling Alamco - Deleware Combined Entries Consolidated ------ ------------ ----------------- -------- ------- ------------ Common Stock Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Recapitalization - ......... Reduction in par value ... Balance at end of year ..... Additional Paid in Capital Balance at beginning of year Common stock issued - Subsidiaries ............. Dividend reinvestment plan Long-term incentive plan . Public offering .......... Other .................... Recapitalization - ......... Capital contributions .... Reduction in par value ... Balance at end of year ..... Retained Earnings Balance at beginning of year Net income (loss) .......... Common stock dividends - CG ....................... Subsidiaries (to CG) ..... Other ...................... Balance at end of year ..... Reacquired Capital Stock ..... Unearned Employee Compensation Balance at beginning of year Adjustment ................. Balance at end of year ..... TOTAL COMMON STOCK EQUITY ....
CONFIDENTIAL TREATMENT REQUESTED 132 F-6 (1 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- F-6 F-6 F-6 F-6 dating Consoli- Page 2 Page 3 Page 4 Page 5 Combined Entries dated -------- -------- ------- ------ -------- -------- -------- Net Cash From Operations (See F-6 Page 6 for detail) 468,189 -------- Investment Activities Capital expenditures ............................. (420,491) Contribution - partnerships ...................... (7,476) Purchase of investment assets .................... (99,425) Other investments - net .......................... (1,622) -------- Net Investment Activities .......................... (529,014) -------- Financing Activities Dividends paid ................................... (49,878) Capital contributions ............................ -- Retirement of long-term debt ..................... (973) Issuance of common stock - Issued by Registrant ........................... 11,691 Issued by Subsidiary to Registrant ............. -- Issuance of long-term debt - Issued by Registrant ........................... -- Issued by Subsidiary to Registrant ............. -- Issuance (Repayment) of short-term debt .......... 77,136 Other financing activities ....................... 1,753 -------- Net Financing Activities ........................... 39,729 -------- Increase in cash and temporary cash investments .... (21,096) Cash and temporary cash investments at beginning of year ................................. 49,836 -------- Cash and temporary cash investments at end of year (a) ................................... 28,740 -------- Supplemental Disclosures of Cash Flow Information Cash paid for interest ........................... 145,424 Cash paid for income taxes (net of refunds) ...... 90,672
(a) The Corporation considers all highly liquid debt instruments to be cash equivalents. Balance includes intercompany money pool balances, which are reported as intercompany accounts receivable on the balance sheet. CONFIDENTIAL TREATMENT REQUESTED 133 F-6 (2 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 Page 2 CNR (b) TCO CGT CLG (b) CKY Total ------- --- --- ------- --- ----- Net Cash From Operations (See F-6 Page 7 for detail) 270,188 46,517 17,777 -------- ------- ------- Investment Activities Capital expenditures ............................. (201,534) (23,952) (11,291) Contribution - partnerships ...................... (6,476) -- -- Purchase of investment assets .................... -- -- -- Other investments - net .......................... -- -- -- -------- ------- ------- Net Investment Activities .......................... (208,010) (23,952) (11,291) -------- ------- ------- Financing Activities Dividends paid ................................... (72,000) (15,200) (9,285) Capital contributions ............................ -- -- -- Retirement of long-term debt ..................... (16) -- (33) Issuance of common stock - Issued by Registrant ........................... -- -- -- Issued by Subsidiary to Registrant ............. -- -- -- Issuance of long-term debt - Issued by Registrant ........................... -- -- 4,969 Issued by Subsidiary to Registrant ............. -- -- -- Issuance (Repayment) of short-term debt .......... -- -- (3,137) Other financing activities ....................... (692) (5,679) 650 -------- ------- ------- Net Financing Activities ........................... (72,708) (20,879) (6,836) -------- ------- ------- Increase in cash and temporary cash investments .... (10,530) 1,686 (350) Cash and temporary cash investments at beginning of year ................................. 39,758 1,236 878 -------- ------- ------- Cash and temporary cash investments at end of year (a) ................................... 29,228 2,922 528 -------- ------- ------- Supplemental Disclosures of Cash Flow Information Cash paid for interest ........................... 43,892 5,172 4,337 Cash paid for income taxes (net of refunds) ...... (22,725) 11,420 8,273
(a) The Corporation considers all highly liquid short-term investments to be cash equivalents. Balance includes intercompany money pool balances, which are reported as intercompany accounts receivable on the balance sheet. CONFIDENTIAL TREATMENT REQUESTED 134 F-6 (3 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 Page 3 COH CMD CPA COS CG Total -------- ------ ------- ------- -------- -------- Net Cash From Operations (See F-6 Page 8 for detail) 134,603 7,560 41,717 34,976 -------- ------ ------- ------- Investment Activities Capital expenditures ............................. (63,300) (3,989) (28,652) (43,490) Contribution - partnerships ...................... -- -- -- -- Purchase of investment assets .................... -- -- -- -- Other investments - net .......................... -- -- -- -- -------- ------ ------- ------- Net Investment Activities .......................... (63,300) (3,989) (28,652) (43,490) -------- ------ ------- ------- Financing Activities Dividends paid ................................... (20,509) (2,553) (24,006) -- Capital contributions ............................ -- -- -- -- Retirement of long-term debt ..................... (78) (13) (29) (620) Issuance of common stock - Issued by Registrant ........................... -- -- -- -- Issued by Subsidiary to Registrant ............. -- -- -- 15,000 Issuance of long-term debt - Issued by Registrant ........................... -- -- -- 15,000 Issued by Subsidiary to Registrant ............. -- -- -- -- Issuance (Repayment) of short-term debt .......... (53,727) (948) 13,035 11,217 Other financing activities ....................... 890 (93) (2,642) 191 -------- ------ ------- ------- Net Financing Activities ........................... (73,424) (3,607) (13,642) 40,788 -------- ------ ------- ------- Increase in cash and temporary cash investments .... (2,121) (36) (577) 32,274 Cash and temporary cash investments at beginning of year ................................. 5,806 37 1,355 649 -------- ------ ------- ------- Cash and temporary cash investments at end of year (a) ................................... 3,685 1 778 32,923 -------- ------ ------- ------- Supplemental Disclosures of Cash Flow Information Cash paid for interest ........................... 28,197 1,454 12,999 8,783 Cash paid for income taxes (net of refunds) ...... 37,863 975 14,045 2,252
(a) The Corporation considers all highly liquid short-term investments to be cash equivalents. Balance includes intercompany money pool balances, which are reported as intercompany accounts receivable on the balance sheet. CONFIDENTIAL TREATMENT REQUESTED 135 F-6 (4 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 Page 4 CS CIC CES (b) CPC TVC (b) Total ------- ------ ------- ------- ------ ------- Net Cash From Operations (See F-6 Page 9 for detail) (32,082) ------- Investment Activities Capital expenditures ............................. (5,221) Contribution - partnerships ...................... -- Purchase of investment assets .................... -- Other investments - net .......................... -- ------- Net Investment Activities .......................... (5,221) ------- Financing Activities Dividends paid ................................... (2,223) Capital contributions ............................ -- Retirement of long-term debt ..................... -- Issuance of common stock - Issued by Registrant ........................... -- Issued by Subsidiary to Registrant ............. -- Issuance of long-term debt - Issued by Registrant ........................... -- Issued by Subsidiary to Registrant ............. -- Issuance (Repayment) of short-term debt .......... 20,030 Other financing activities ....................... 1,025 ------- Net Financing Activities ........................... 18,832 ------- Increase in cash and temporary cash investments .... (18,471) Cash and temporary cash investments at beginning of year ................................. 18,500 ------- Cash and temporary cash investments at end of year (a) ................................... 29 ------- Supplemental Disclosures of Cash Flow Information Cash paid for interest ........................... 1,873 Cash paid for income taxes (net of refunds) ...... 2,113
(a) The Corporation considers all highly liquid short-term investments to be cash equivalents. Balance includes intercompany money pool balances, which are reported as intercompany accounts receivable on the balance sheet. CONFIDENTIAL TREATMENT REQUESTED 136 F-6 (5 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 Page 5 TCC (b) CAT CNS (b) Total ------- --- ------- ----- Net Cash From Operations (See F-6 Page 10 for detail) Investment Activities Capital expenditures .............................. Contribution - partnerships ....................... Purchase of investment assets ..................... Other investments - net ........................... Net Investment Activities ........................... Financing Activities Dividends paid .................................... Capital contributions ............................. Retirement of long-term debt ...................... Issuance of common stock - Issued by Registrant ............................ Issued by Subsidiary to Registrant .............. Issuance of long-term debt - Issued by Registrant ............................ Issued by Subsidiary to Registrant .............. Issuance (Repayment) of short-term debt ........... Other financing activities ........................ Net Financing Activities ............................ Increase in cash and temporary cash investments ..... Cash and temporary cash investments at beginning of year .................................. Cash and temporary cash investments at end of year (a) .................................... Supplemental Disclosures of Cash Flow Information Cash paid for interest ............................ Cash paid for income taxes (net of refunds) .......
(a) The Corporation considers all highly short-term investments to be cash equivalents. Balance includes intercompany money pool balances, which are reported as intercompany accounts receivable on the balance sheet. CONFIDENTIAL TREATMENT REQUESTED 137 F-6 (6 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- F-6 F-6 F-6 F-6 dating Consoli- Page 7 Page 8 Page 9 Page 10 Combined Entries dated -------- -------- -------- ------ -------- -------- -------- Net Income Reconciliation Net income (loss) ................................ 273,336 Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries -- Depreciation and depletion ..................... 221,273 Deferred income taxes .......................... 29,283 Earnings from equity inv., net of distributions 2,371 Other - net .................................... 31,860 Changes in Components of working capital: Accounts receivable ............................ (199,143) Gas inventory .................................. 11,038 Prepayments .................................... (33,620) Accounts payable ............................... 186,806 Accrued taxes .................................. (30,415) Accrued interest ............................... (1,188) Estimated rate refunds ......................... (45,515) Estimated supplier obligations ................. (41,199) Under/Overrecovered gas costs .................. 147,838 Exchange gas payable ........................... (11,608) Other working capital .......................... (72,928) -------- Net Cash From Operations ........................... 468,189 ========
CONFIDENTIAL TREATMENT REQUESTED 138 F-6 (7 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 Page 7 CNR (a) TCO CGT CLG (a) CKY Total ------- -------- ------- ------ ------- -------- Net Income Reconciliation Net income ....................................... 144,093 15,328 11,639 Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries -- -- -- Depreciation and depletion ..................... 81,192 23,133 6,704 Deferred income taxes .......................... 49,050 (6,347) (2,743) Earnings from equity inv., net of distributions -- (440) -- Other - net .................................... 4,618 (2,980) (1,420) Changes in Components of working capital: Accounts receivable ............................ 83,629 12,067 1,568 Gas inventory .................................. -- -- 499 Prepayments .................................... 1,188 716 (4) Accounts payable ............................... 24,211 (683) (4,790) Accrued taxes .................................. 1,955 (1,902) 2,058 Accrued interest ............................... 305 9 (565) Estimated rate refunds ......................... (43,101) 3,505 1,012 Estimated supplier obligations ................. (41,199) -- -- Under/Overrecovered gas costs .................. -- -- 9,911 Exchange gas payable ........................... (9,201) 2,734 (1,637) Other working capital .......................... (26,552) 1,377 (4,455) -------- ------- ------- Net Cash From Operations ........................... 270,188 46,517 17,777 ======== ======= =======
CONFIDENTIAL TREATMENT REQUESTED 139 F-6 (8 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 Page 8 COH CMD CPA COS CG Total -------- ------ ------- ------- -------- -------- Net Income Reconciliation Net income (loss) ................................ 52,426 3,053 30,555 12,127 Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries -- -- -- -- Depreciation and depletion ..................... 44,918 2,700 14,714 9,206 Deferred income taxes .......................... (31,182) (366) 680 (1,945) Earnings from equity inv., net of distributions -- -- -- -- Other - net .................................... (4,629) (59) (1,715) (330) Changes in Components of working capital: Accounts receivable ............................ 9,041 427 1,844 (2,777) Gas inventory .................................. (11,296) 1,379 17,235 3,221 Prepayments .................................... (5,676) (386) (414) (207) Accounts payable ............................... 23,907 (1,553) (16,407) 7 Accrued taxes .................................. 21,547 515 (924) 4,633 Accrued interest ............................... (2,058) (1) (992) (18) Estimated rate refunds ......................... (11,340) 153 2,100 2,156 Estimated supplier obligations ................. -- -- -- -- Under/Overrecovered gas costs .................. 129,918 2,771 146 5,092 Exchange gas payable ........................... (10,968) (139) (3,865) 2,278 Other working capital .......................... (70,005) (934) (1,240) 1,533 -------- ------ ------- ------- Net Cash From Operations ........................... 134,603 7,560 41,717 34,976 ======== ====== ======= =======
CONFIDENTIAL TREATMENT REQUESTED 140 F-6 (9 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 Page 9 CS CIC CES (a) CPC TVC (a) Total ------- ------ -------- ------ ------ -------- Net Income Reconciliation Net income (loss) ................................ (1,231) Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries -- Depreciation and depletion ..................... 5,476 Deferred income taxes .......................... (1,918) Earnings from equity inv., net of distributions -- Other - net .................................... 5,685 Changes in Components of working capital: Accounts receivable ............................ (42,095) Gas inventory .................................. -- Prepayments .................................... (75) Accounts payable ............................... 4,805 Accrued taxes .................................. (1,899) Accrued interest ............................... (69) Estimated rate refunds ......................... -- Estimated supplier obligations ................. -- Under/Overrecovered gas costs .................. -- Exchange gas payable ........................... -- Other working capital .......................... (761) ------- Net Cash From Operations ........................... (32,082) =======
CONFIDENTIAL TREATMENT REQUESTED 141 F-6 (10 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 Page 10 TCC (a) CAT CNS (a) Total ------- --- ------- ----- Net Income Reconciliation Net income (loss) ................................... Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries... Depreciation and depletion ........................ Deferred income taxes ............................. Earnings from equity inv., net of distributions.... Other - net ....................................... Changes in Components of working capital: Accounts receivable ............................... Gas inventory ..................................... Prepayments ....................................... Accounts payable .................................. Accrued taxes ..................................... Accrued interest .................................. Estimated rate refunds ............................ Estimated supplier obligations .................... Under/Overrecovered gas costs ..................... Exchange gas payable .............................. Other working capital ............................. Net Cash From Operations ..............................
CONFIDENTIAL TREATMENT REQUESTED 142 F-6A (1 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6A F-6A Consolidating TVC Page 2 Page 3 Combined Entries Consolidated ------ ------ -------- ------- ------------ Net Cash From Operations (See F-6A Page 4 for detail).. Investment Activities Capital expenditures ................................ Contribution - partnerships ......................... Purchase of investment assets ....................... Other investments - net ............................. Net Investment Activities ............................. Financing Activities Dividends paid ...................................... Capital contributions ............................... Retirement of long-term debt ........................ Issuance of common stock - Issued by Registrant .............................. Issued by Subsidiary to Registrant ................ Issuance of long-term debt - Issued by Registrant .............................. Issued by Subsidiary to Registrant ................ Issuance (Repayment) of short-term debt ............. Other financing activities .......................... Net Financing Activities .............................. Increase in cash and temporary cash investments ....... Cash and temporary cash investments at beginning of year .................................... Cash and temporary cash investments at end of year (a) ...................................... Supplemental Disclosures of Cash Flow Information Cash paid for interest ............................. Cash paid for income tax (net of refunds) ..........
(a) The Corporation considers all highly liquid debt instruments to be cash equivalents. Balance includes intercompany money pool balances, which are reported as intercompany accounts receivable on the balance sheet. CONFIDENTIAL TREATMENT REQUESTED 143 F-6A (2 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6A Page 2 BGC BLC GGC GLC PGC PLC TVC Total --- --- --- --- --- --- --- ----- Net Cash From Operations (See F-6A Page 5 for detail).. Investment Activities Capital expenditures ................................ Contribution - partnerships ......................... Purchase of investment assets ....................... Other investments - net ............................. Net Investment Activities ............................. Financing Activities Dividends paid ...................................... Capital contributions ............................... Retirement of long-term debt ........................ Issuance of common stock - Issued by Registrant .............................. Issued by Subsidiary to Registrant ................ Issuance of long-term debt - Issued by Registrant .............................. Issued by Subsidiary to Registrant ................ Issuance (Repayment) of short-term debt ............. Other financing activities .......................... Net Financing Activities .............................. Increase in cash and temporary cash investments ....... Cash and temporary cash investments at beginning of year .................................... Cash and temporary cash investments at end of year (a) ...................................... Supplemental Disclosures of Cash Flow Information Cash paid for interest ............................. Cash paid for income tax (net of refunds) ..........
(a) The Corporation considers all highly liquid debt instruments to be cash equivalents. Balance includes intercompany money pool balances, which are reported as intercompany accounts receivable on the balance sheet. CONFIDENTIAL TREATMENT REQUESTED 144 F-6A (3 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6A Page 3 VGC VLC RL FC TVC9 TVC10 Total --- --- -- -- ---- ----- ----- Net Cash From Operations (See F-6A Page 6 for detail).. Investment Activities Capital expenditures ................................ Contribution - partnerships ......................... Purchase of investment assets ....................... Other investments - net ............................. Net Investment Activities ............................. Financing Activities Dividends paid ...................................... Capital contributions ............................... Retirement of long-term debt ........................ Issuance of common stock - Issued by Registrant .............................. Issued by Subsidiary to Registrant ................ Issuance of long-term debt - Issued by Registrant .............................. Issued by Subsidiary to Registrant ................ Issuance (Repayment) of short-term debt ............. Other financing activities .......................... Net Financing Activities .............................. Increase in cash and temporary cash investments ....... Cash and temporary cash investments at beginning of year .................................... Cash and temporary cash investments at end of year (a) ...................................... Supplemental Disclosures of Cash Flow Information Cash paid for interest ............................. Cash paid for income tax (net of refunds) ..........
(a) The Corporation considers all highly liquid debt instruments to be cash equivalents. Balance includes intercompany money pool balances, which are reported as intercompany accounts receivable on the balance sheet. CONFIDENTIAL TREATMENT REQUESTED 145 F-6A (4 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6A F-6A Consolidating TVC Page 5 Page 6 Combined Entries Consolidated ------ ------ -------- ------- ------------ Net Income Reconciliation Net income (loss) ................................... Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries... Depreciation and depletion ........................ Deferred income taxes ............................. Earnings from equity inv., net of distributions.... Other - net ....................................... Changes in Components of working capital: Accounts receivable ............................... Gas inventory ..................................... Prepayments ....................................... Accounts payable .................................. Accrued taxes ..................................... Accrued interest .................................. Estimated rate refunds ............................ Estimated supplier obligations .................... Under/Overrecovered gas costs ..................... Exchange gas payable .............................. Other working capital ............................. Net Cash From Operations ..............................
CONFIDENTIAL TREATMENT REQUESTED 146 F-6A (5 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6A Page 5 BGC BLC GGC GLC PGC PLC TVC Total --- --- --- --- --- --- --- ----- Net Income Reconciliation Net income (loss) .................................. Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries.. Depreciation and depletion ....................... Deferred income taxes ............................ Earnings from equity inv., net of distributions... Other - net ...................................... Changes in Components of working capital: Accounts receivable .............................. Gas inventory .................................... Prepayments ...................................... Accounts payable ................................. Accrued taxes .................................... Accrued interest ................................. Estimated rate refunds ........................... Estimated supplier obligations ................... Under/Overrecovered gas costs .................... Exchange gas payable ............................. Other working capital ............................ Net Cash From Operations .............................
CONFIDENTIAL TREATMENT REQUESTED 147 F-6A (6 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6A Page 6 VGC VLC RL FC TVC9 TVC10 Total --- --- -- -- ---- ----- ----- Net Income Reconciliation Net income (loss) .................................. Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries.. Depreciation and depletion ....................... Deferred income taxes ............................ Earnings from equity inv., net of distributions... Other - net ...................................... Changes in Components of working capital: Accounts receivable .............................. Gas inventory .................................... Prepayments ...................................... Accounts payable ................................. Accrued taxes .................................... Accrued interest ................................. Estimated rate refunds ........................... Estimated supplier obligations ................... Under/Overrecovered gas costs .................... Exchange gas payable ............................. Other working capital ............................ Net Cash From Operations .............................
CONFIDENTIAL TREATMENT REQUESTED 148 F-6B (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Tristar Capital Corporation and Subsidiary Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating TCC TGT TCC Combined Entries Consolidated --- --- -------- ------- ------------ Net Cash From Operations (refer to F-6B (2 of 2)).. Investment Activities Capital expenditures ............................ Contribution - partnerships ..................... Purchase of investment assets ................... Other investments - net ......................... Net Investment Activities ......................... Financing Activities Dividends paid .................................. Capital contributions ........................... Retirement of long-term debt .................... Issuance of common stock - Issued by Registrant .......................... Issued by Subsidiary to Registrant ............ Issuance of long-term debt - Issued by Registrant .......................... Issued by Subsidiary to Registrant ............ Issuance (Repayment) of short-term debt ......... Other financing activities ...................... Net Financing Activities .......................... Increase in cash and temporary cash investments ... Cash and temporary cash investments at beginning of year ................................ Cash and temporary cash investments at end of year (a) .................................. Supplemental Disclosures of Cash Flow Information Cash paid for interest .......................... Cash paid for income taxes (net of refunds) .....
(a) The Corporation considers all highly liquid debt instruments to be cash equivalents. Balance includes intercompany money pool balances, which are reported as intercompany accounts receivable on the balance sheet. CONFIDENTIAL TREATMENT REQUESTED 149 F-6B (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Tristar Capital Corporation and Subsidiary Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating TCC TGT TCC Combined Entries Consolidated --- --- -------- ------- ------------ Net Income Reconciliation Net income (loss) ................................... Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries... Depreciation and depletion ........................ Deferred income taxes ............................. Earnings from equity inv., net of distributions.... Other - net ....................................... Changes in Components of working capital: Accounts receivable ............................... Gas inventory ..................................... Prepayments ....................................... Accounts payable .................................. Accrued taxes ..................................... Accrued interest .................................. Estimated rate refunds ............................ Estimated supplier obligations .................... Under/Overrecovered gas costs ..................... Exchange gas payable .............................. Other working capital ............................. Net Cash From Operations ..............................
CONFIDENTIAL TREATMENT REQUESTED 150 F-6C (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CLG CLNG CLG Combined Entries Consolidated ---- --- -------- ------- ------------ Net Cash From Operations (refer to F-6C (2 of 2)) Investment Activities Capital expenditures Contribution - partnerships Purchase of investment assets Other investments - net Net Investment Activities Financing Activities Dividends paid Capital contributions Retirement of long-term debt Issuance of common stock - Issued by Registrant Issued by Subsidiary to Registrant Issuance of long-term debt - Issued by Registrant Issued by Subsidiary to Registrant Issuance (Repayment) of short-term debt Other financing activities Net Financing Activities Increase in cash and temporary cash investments Cash and temporary cash investments at beginning of year Cash and temporary cash investments at end of year (a) Supplemental Disclosures of Cash Flow Information Cash paid for interest Cash paid for income taxes (net of refunds)
(a) The Corporation considers all highly liquid debt instruments to be cash equivalents Balance includes intercompany money pool balances, which are reported as intercompany accounts receivable on the balance sheet CONFIDENTIAL TREATMENT REQUESTED 151 F-6C (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CLG CLNG CLG Combined Entries Consolidated ---- --- -------- ------- ------------ Net Income Reconciliation Net income (loss) ................................... Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries... Depreciation and depletion ........................ Deferred income taxes ............................. Earnings from equity inv, net of distributions .... Other - net ....................................... Changes in Components of working capital: Accounts receivable ............................... Gas inventory ..................................... Prepayments ....................................... Accounts payable .................................. Accrued taxes ..................................... Accrued interest .................................. Estimated rate refunds ............................ Estimated supplier obligations .................... Under/Overrecovered gas costs ..................... Exchange gas payable .............................. Other working capital ............................. Net Cash From Operations ..............................
CONFIDENTIAL TREATMENT REQUESTED 152 F-6D (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Services Corporation and Subsidiaries Consolidating Statement of Cash Flows as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CES CEM CPM CSP CES Combined Entries Consolidated --- --- --- --- -------- ------- ------------ Net Cash From Operations (refer to F-6D (2 of 2)).. Investment Activities Capital expenditures ............................ Contribution - partnerships ..................... Purchase of investment assets ................... Other investments - net ......................... Net Investment Activities ......................... Financing Activities Dividends paid .................................. Capital contributions ........................... Retirement of long-term debt .................... Issuance of common stock - Issued by Registrant .......................... Issued by Subsidiary to Registrant ............ Issuance of long-term debt - .................... Issued by Registrant .......................... Issued by Subsidiary to Registrant ............ Issuance (Repayment) of short-term debt ......... Other financing activities ...................... Net Financing Activities .......................... Increase in cash and temporary cash investments.... Cash and temporary cash investments at beginning of year ................................ Cash and temporary cash investments at end of year (a) ................................. Supplemental Disclosures of Cash Flow Information Cash paid for interest .......................... Cash paid for income taxes (net of refunds) .....
(a) The Corporation considers all highly liquid debt instruments to be cash equivalents. Balance includes intercompany money pool balances, which are reported as intercompany accounts receivable on the balance sheet. CONFIDENTIAL TREATMENT REQUESTED 153 F-6D (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Services Corporation and Subsidiaries Consolidating Statement of Cash Flows as of December 31, 1997 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CEM CPM CSP CES --- --- --- --- Net Income Reconciliation Net income (loss) .................................. Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries.. Depreciation and depletion ....................... Deferred income taxes ............................ Earnings from equity inv., net of distributions... Other - net ...................................... Changes in Components of working capital: Accounts receivable .............................. Gas inventory .................................... Prepayments ...................................... Accounts payable ................................. Accrued taxes .................................... Accrued interest ................................. Estimated rate refunds ........................... Estimated supplier obligations ................... Under/Overrecovered gas costs .................... Exchange gas payable ............................. Other working capital ............................ Net Cash From Operations .............................
CONFIDENTIAL TREATMENT REQUESTED
Consoli- dating CES Combined Entries Consolidated -------- ------- ------------ Net income (loss) .................................. Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries.. Depreciation and depletion ....................... Deferred income taxes ............................ Earnings from equity inv., net of distributions... Other - net ...................................... Changes in Components of working capital: Accounts receivable .............................. Gas inventory .................................... Prepayments ...................................... Accounts payable ................................. Accrued taxes .................................... Accrued interest ................................. Estimated rate refunds ........................... Estimated supplier obligations ................... Under/Overrecovered gas costs .................... Exchange gas payable ............................. Other working capital ............................ Net Cash From Operations .............................
CONFIDENTIAL TREATMENT REQUESTED 154 F-6E (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiary Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
CMC CNS Combined --- --- -------- Net Cash From Operations (refer to F-6E (2 of 2)) ....................... Investment Activities Capital expenditures .................................................. Contribution - partnerships ........................................... Purchase of investment assets ......................................... Other investments - net ............................................... Net Investment Activities ............................................... Financing Activities Dividends paid ........................................................ Capital contributions ................................................. Retirement of long-term debt .......................................... Issuance of common stock - Issued by Registrant ................................................ Issued by Subsidiary to Registrant .................................. Issuance of long-term debt - Issued by Registrant ................................................ Issued by Subsidiary to Registrant .................................. Issuance (Repayment) of short-term debt ............................... Other financing activities ............................................ Net Financing Activities ................................................ Increase in cash and temporary cash investments ......................... Cash and temporary cash investments at beginning of year ...................................................... Cash and temporary cash investments at end of year (a) ....................................................... Supplemental Disclosures of Cash Flow Information Cash paid for interest ................................................ Cash paid for income taxes (net of refunds) ...........................
CONFIDENTIAL TREATMENT REQUESTED
Consoli- dating CNS Entries Consolidated ------- ------------ Net Cash From Operations (refer to F-6E (2 of 2)) ....................... Investment Activities Capital expenditures .................................................. Contribution - partnerships ........................................... Purchase of investment assets ......................................... Other investments - net ............................................... Net Investment Activities ............................................... Financing Activities Dividends paid ........................................................ Capital contributions ................................................. Retirement of long-term debt .......................................... Issuance of common stock - Issued by Registrant ................................................ Issued by Subsidiary to Registrant .................................. Issuance of long-term debt - Issued by Registrant ................................................ Issued by Subsidiary to Registrant .................................. Issuance (Repayment) of short-term debt ............................... Other financing activities ............................................ Net Financing Activities ................................................ Increase in cash and temporary cash investments ......................... Cash and temporary cash investments at beginning of year ...................................................... Cash and temporary cash investments at end of year (a) ....................................................... Supplemental Disclosures of Cash Flow Information Cash paid for interest ................................................ Cash paid for income taxes (net of refunds) ...........................
(a) The Corporation considers all highly liquid debt instruments to be cash equivalents. Balance includes intercompany money pool balances, which are reported as intercompany accounts receivable on the balance sheet. CONFIDENTIAL TREATMENT REQUESTED 155 F-6E (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiary Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CNS CMC CNS Combined Entries Consolidated --- --- -------- ------- ------------ Net Income Reconciliation Net income (loss) .................................. Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries.. Depreciation and depletion ....................... Deferred income taxes ............................ Earnings from equity inv, net of distributions.... Other - net ...................................... Changes in Components of working capital: Accounts receivable .............................. Gas inventory .................................... Prepayments ...................................... Accounts payable ................................. Accrued taxes .................................... Accrued interest ................................. Estimated rate refunds ........................... Estimated supplier obligations ................... Under/Overrecovered gas costs .................... Exchange gas payable ............................. Other working capital ............................ Net Cash From Operations .............................
CONFIDENTIAL TREATMENT REQUESTED 156 F-6F (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Natural Resources, Inc. and Subsidiary Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CNR CNR Alamco Combined Entries Consolidated --- ------ -------- ------- ------------ Net Cash From Operations (refer to F-6C (2 of 2)) ........ Investment Activities Capital expenditures ................................... Contribution - partnerships ............................ Purchase of investment assets .......................... Other investments - net ................................ Net Investment Activities ................................ Financing Activities Dividends paid ......................................... Capital contributions .................................. Retirement of long-term debt ........................... Issuance of common stock - Issued by Registrant ................................. Issued by Subsidiary to Registrant ................... Issuance of long-term debt - Issued by Registrant ................................. Issued by Subsidiary to Registrant ................... Issuance (Repayment) of short-term debt ................ Other financing activities ............................. Net Financing Activities ................................. Increase (Decrease) in cash and temporary cash investments Cash and temporary cash investments at beginning of year ....................................... Cash and temporary cash investments at end of year (a) ......................................... Supplemental Disclosures of Cash Flow Information Cash paid for interest ................................. Cash paid for income taxes (net of refunds) ............
(a) The Corporation considers all highly liquid debt instruments to be cash equivalents. Balance includes intercompany money pool balances, which are reported as intercompany accounts receivable on the balance sheet. CONFIDENTIAL TREATMENT REQUESTED 157 F-6F (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Natural Resources, Inc. and Subsidiary Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consoli- dating CNR CNR Alamco Combined Entries Consolidated --- ------ -------- ------- ------------ Net Income Reconciliation Net income (loss) ....................................... Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries ...... Depreciation and depletion ............................ Deferred income taxes ................................. Earnings from equity inv., net of distributions ....... Other - net ........................................... Changes in Components of working capital: Accounts receivable ................................... Prepayments ........................................... Accounts payable ...................................... Accrued taxes ......................................... Accrued interest ...................................... Estimated rate refunds ................................ Estimated supplier obligations ........................ Under/Overrecovered gas costs ......................... Exchange gas payable .................................. Other working capital ................................. Net Cash From Operations ..................................
CONFIDENTIAL TREATMENT REQUESTED 158 F-6G (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Alamco, Inc. and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Alamco Hawg Hauling Alamco - Deleware ------ ------------ ----------------- Net Cash From Operations (refer to F-6C (2 of 2)) ............ Investment Activities Capital expenditures ....................................... Contribution - partnerships ................................ Purchase of investment assets .............................. Other investments - net .................................... Net Investment Activities .................................... Financing Activities Intercompany dividends paid ................................ Capital contributions ...................................... Retirement of long-term debt ............................... Issuance of common stock - ................................. Issued by Registrant ..................................... Issued by Subsidiary to Registrant ....................... Issuance of long-term debt - ............................... Issued by Registrant ..................................... Issued by Subsidiary to Registrant ....................... Issuance (Repayment) of short-term debt .................... Other financing activities ................................. Net financing activities ..................................... Increase (Decrease) in cash and temporary cash investments .. Cash and temporary cash investments at beginning of year ........................................... Cash and temporary cash investments at end of year (a) ............................................. Supplemental Disclosures of Cash Flow Information Cash paid for interest ..................................... Cash paid for income taxes (net of refunds) ................
CONFIDENTIAL TREATMENT REQUESTED
Consoli- dating Alamco Combined Entries Consolidated -------- ------- ------------ Net Cash From Operations (refer to F-6C (2 of 2)) ............ Investment Activities Capital expenditures ....................................... Contribution - partnerships ................................ Purchase of investment assets .............................. Other investments - net .................................... Net Investment Activities .................................... Financing Activities Intercompany dividends paid ................................ Capital contributions ...................................... Retirement of long-term debt ............................... Issuance of common stock - ................................. Issued by Registrant ..................................... Issued by Subsidiary to Registrant ....................... Issuance of long-term debt - ............................... Issued by Registrant ..................................... Issued by Subsidiary to Registrant ....................... Issuance (Repayment) of short-term debt .................... Other financing activities ................................. Net financing activities ..................................... Increase (Decrease) in cash and temporary cash investments .. Cash and temporary cash investments at beginning of year ........................................... Cash and temporary cash investments at end of year (a) ............................................. Supplemental Disclosures of Cash Flow Information Cash paid for interest ..................................... Cash paid for income taxes (net of refunds) ................
(a) The Corporation considers all highly liquid debt instruments to be cash equivalents. Balance includes intercompany money pool balances, which are reported as intercompany accounts receivable on the balance sheet. CONFIDENTIAL TREATMENT REQUESTED 159 F-6G (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Alamco, Inc. and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1997 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Alamco Hawg Hauling Alamco - Deleware ------ ------------ ----------------- Net Income Reconciliation Net income (loss) .................................. Items not requiring (providing) cash: .............. Equity in undistributed earnings of subsidiaries.. Depreciation and depletion ....................... Deferred income taxes ............................ Loss (Gain) on Sale of facilities ................ Earnings from equity inv., net of distributions... Other - net ...................................... Changes in Components of working capital: Accounts receivable, net - Customers ............. Accounts receivable, net - Intercompany .......... Accounts receivable, net - Other ................. Other inventories at average cost ................ Prepayments ...................................... Accounts payable ................................. Accounts payable - intercompany................... Accrued taxes .................................... Accrued interest ................................. Estimated rate refunds ........................... Estimated supplier obligations ................... Under/Overrecovered gas costs .................... Exchange gas payable ............................. Other working capital ............................ Net Cash From Operations .............................
CONFIDENTIAL TREATMENT REQUESTED
Consoli- dating Alamco Combined Entries Consolidated -------- -------- ------------ Net Income Reconciliation Net income (loss) .................................. Items not requiring (providing) cash: .............. Equity in undistributed earnings of subsidiaries.. Depreciation and depletion ....................... Deferred income taxes ............................ Loss (Gain) on Sale of facilities ................ Earnings from equity inv., net of distributions... Other - net ...................................... Changes in Components of working capital: Accounts receivable, net - Customers ............. Accounts receivable, net - Intercompany .......... Accounts receivable, net - Other ................. Other inventories at average cost ................ Prepayments ...................................... Accounts payable ................................. Accounts payable - intercompany................... Accrued taxes .................................... Accrued interest ................................. Estimated rate refunds ........................... Estimated supplier obligations ................... Under/Overrecovered gas costs .................... Exchange gas payable ............................. Other working capital ............................ Net Cash From Operations .............................
CONFIDENTIAL TREATMENT REQUESTED 160 SIGNATURE The registrant has duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized pursuant to the requirements of the Public Utility Holding Company Act of 1935, such company being a registered holding company. COLUMBIA ENERGY GROUP By: /s/ J.W. GROSSMAN ---------------------------------------- J. W. Grossman Vice President and Controller Date: April 30, 1998 52 161 Item 10.Continued Exhibits filed as a part of this Report: A - Securities Exchange Act of 1934 Reports incorporated by reference B - Index to Corporate Organization & By-Laws Exhibits in the Report filed herewith and/or filed under cover of Form SE C - Indentures or Contracts incorporated by reference D - Tax Allocation Agreement for 1997 filed herewith E - Other Documents Prescribed by Rule or Order F - Report of Independent Public Accountants filed herewith G - Financial Data Tables H - Organizational Chart of Exempt Wholesale Generators or Foreign Utility Holding Companies I - Audited Financial Statements and Analytical Reviews and Conclusions Regarding Exempt Wholesale Generators or Foreign Utility Holding Companies 53 162 EXHIBIT A The financial statements listed below included in Columbia Energy Group's 1997 Form 10-K filed with the Commission on March 18, 1998 (File No. 1-1098) are incorporated herein by reference. The report of Arthur Andersen LLP, independent public accountants, dated January 23, 1998 regarding such financial statements is included on Exhibit F filed herewith. The Corporation's 1997 Annual Report to Shareholders is filed under cover of Form SE. Financial Statements:
Annual Report Page No. ------ Statement of Consolidated Income for the year ended December 31, 1997.............. 39 Consolidated Balance Sheet as of December 31, 1997 ................................. 40-41 Consolidated Statement of Cash Flows for the year ended December 31, 1997........... 42 Statement of Consolidated Common Stock Equity for the year ended December 31, 1997.. 43 Notes to Consolidated Financial Statements ......................................... 44-63
54 163 EXHIBIT B Exhibit B. Index to corporate organization and by-laws exhibits filed pursuant to the Public Utility Holding Company Act of 1935.
Exhibit B Notes ---------------------------------- Articles of By-Laws or Incorporation Regulations Columbia Energy Group........................................... 1-A (1) (2) Atlantic Energy, Inc............................................ (3) (4) Columbia Atlantic Trading Corporation .......................... 2-A (5) (6) Columbia Coal Gasification Corporation.......................... (7) (8) Columbia Energy Services Corporation. .......................... (9) (10) Columbia Energy Marketing Corporation ....................... (11) (12) Columbia Energy Power Marketing Corporation.................. 3-A, 4-A (13) 1-B (14) Columbia Service Partners, Inc.............................. (15) (16) Columbia Gas Development Corporation............................ (17) (18) Columbia Gas of Kentucky, Inc................................... (19) 2-B (20) Columbia Gas of Maryland, Inc................................... (21) 3-B, 4-B (22) Columbia Gas of Ohio, Inc. ..................................... (23) 5-B (24) Columbia Gas of Pennsylvania, Inc. ............................. (25) 6-B (26) Columbia Energy Group Service Corporation ...................... 5-A (27) 7-B (28) Columbia Gas Transmission Corporation........................... 6-A, 7-A (29) (30) Columbia Transmission Investment Corporation ................. (31) (32) Columbia Gulf Transmission Company ............................. 8-A (33) (34) Columbia Insurance Corporation, Ltd............................. (35) (36) Columbia LNG Corporation ....................................... 9-A (37) (38) CLNG Corporation.............................................. (39) (40) Columbia Natural Resources, Inc................................. (41) (42) Alamco, Inc................................................... 10-A (43) 8-B (44) Alamco-Delaware, Inc............................................ 11-A (45) 9-B (46) Hawg Hauling & Disposal, Inc.................................... 12-A (47) 10-B (48) Columbia Networks Services Corporation.......................... (49) (50) CNS Microwave, Inc........................................... (51) (52) Energy Net L.L.C............................................. 13-A(53) 11-B(54) Columbia Propane Corporation.................................... 14-A, 15-A (55) 12-B (56) Columbia Gas of Virginia, Inc................................... 16-A (57) 13-B (58) Commonwealth Propane, Inc. ..................................... (59) (60) Inland Gas Company, Inc., The .................................. (61) (62) TriStar Capital Corporation .................................... 17-A (63) (64) TriStar Gas Technologies, Inc. ............................... (65) (66) TriStar Trading Inc. ........................................... (67) (68) Columbia Electric Corporation................................... 18-A, 19-A (69) (70) TriStar Pedrick General Corporation........................... (71) (72) TriStar Pedrick Limited Corporation .......................... (73) (74) TriStar Fuel Cells Corporation ............................... (75) (76) TriStar Binghamton General Corporation ....................... (77) (78) TriStar Binghamton Limited Corporation ....................... (79) (80) TriStar Georgetown General Corporation ....................... (81) (82) TriStar Georgetown Limited Corporation ....................... (83) (84) TriStar Vineland General Corporation.......................... (85) (86)
55 164 TriStar Vineland Limited Corporation.......................... (87) (88) TriStar Rumford Limited Corporation........................... (89) (90) TVC Nine Corporation ......................................... (91) (92) TVC Ten Corporation .......................................... (93) (94)
56 165 EXHIBIT B (Continued) NOTES: (1) Restated Certificate of Incorporation as adopted by action of the Board of Directors on October 19, 1988, filed as Exhibit 1-A to Form U5S (1988); corrected copy as of July 15, 1991, filed as Exhibit 1-A to Form U5S (1991); restated copy as of November 28, 1995, filed pursuant to Item 14 of Form 10-K (1995); Certificate of Amendment of Certificate of Incorporation of Columbia Energy Group, dated January 16, 1998, filed herewith as Exhibit 1-A to Form U5S (1997). (2) By-Laws as of May 28, 1986, filed as Exhibit 1-B to Form U5S (1986); amendments dated May 13, 1987 and November 18, 1987, filed as Exhibit B, pages 13-15, to Form U5S (1987). (3) Certificate of Incorporation of Atlantic Energy, Inc. as amended through April 28, 1972, filed as Exhibit 1-A to Form U5S (1981). (4) By-Laws of Atlantic Energy, Inc. as amended through January 20, 1982, filed as Exhibit 1-B to Form U5S (1981); amendment dated April 17, 1995, filed herewith as Exhibit 1-B to form U5S (1996). (5) CAT Restated Certificate of Incorporation as filed on February 27, 1989, filed as Exhibit 2-A to Form U5S (1988); amendment dated August 18, 1997, filed herewith as Exhibit 2-A to Form U5S (1997). (6) CAT By-Laws as amended effective February 27, 1989, filed as Exhibit 1-B to Form U5S (1988). (7) Certificate of Incorporation, as amended through July 2, 1991, filed as Exhibit 2-A to Form U5S (1991). (8) By-Laws, as amended to November 6, 1970, filed as Exhibit 2-B to Form U5S (1970). (9) Certificate of Incorporation of Columbia Energy Services Corporation (formerly The Inland Gas Company, Inc.) dated June 25, 1993, filed under cover of Form SE as Exhibit 1-B to Form U5S (1993). (10) By-Laws of Columbia Energy Services Corporation dated May 28, 1993, filed as Exhibit 2-B to Form U5S (1993). (11) Certificate of Incorporation of Columbia Energy Marketing Corporation dated August 3, 1995, filed as Exhibit 1-A to Form U5S (1995). (12) By-Laws of Columbia Energy Marketing Corporation dated August 3, 1995, filed as Exhibit 1-B to Form U5S (1995). (13) Certificate of Incorporation of Columbia Power Marketing Corporation dated June 19, 1997 filed herewith as Exhibit 3-A and amendment changing name to Columbia Energy Power Marketing Corporation dated March 2, 1998, filed herewith as Exhibit 4-A to Form U5S (1997). (14) By laws of Columbia Power Marketing Corporation as adopted June 23, 1997 filed herewith as Exhibit 1-B to Form U5S (1997). 57 166 (15) Certificate of Incorporation of Columbia Service Partners, Inc. dated March 21, 1996 file herewith as Exhibit 1-A to Form U5S (1996). (16) By laws of Columbia Service Partners, Inc. as adopted April 17, 1996 file herewith as Exhibit 2-B to Form U5S (1996). (17) Certificate of Incorporation as amended, filed as Exhibit 2-A to Form U5S (1970). Certificate of Merger of The Preston Oil Company into Columbia Gas Development Corporation dated January 13, 1970, filed as Exhibit 3-A to Form U5S (1970); amendment dated May 18, 1972, filed as Exhibit 1-A to Form U5S (1972); amendment dated June 26, 1972, filed as Exhibit 2-A to Form U5S (1972); amendment dated October 11, 1972, filed as Exhibit 3-A to Form U5S (1972); amendment dated January 16, 1973, filed as Exhibit 1-A to Form U5S (1973); amendment dated February 20, 1974, filed as Exhibit 4-A to Form U5S (1974); amendment dated May 20, 1975, filed as Exhibit 1-A to Form U5S (1975). Certificate of Merger of Commonwealth Energy Company into Columbia Gas Development Corporation dated November 19, 1981, filed as Exhibit 2-A to Form U5S (1981); amendment dated October 24, 1983, filed as Exhibit 2-A to Form U5S (1983). (18) By-Laws, as amended to January 13, 1970, filed as Exhibit 3-B to Form U5S (1970); amendment dated August 14, 1973, filed as Exhibit 1-B to Form U5S (1973); amendment dated September 13, 1983, filed as Exhibit 1-B to Form U5S (1983); amendment dated May 16, 1986, filed as Exhibit 2-B to Form U5S (1986); amendment dated December 1, 1988, filed as Exhibit 2-B to Form U5S (1988). (19) Articles of Incorporation, as amended to January 1, 1958, filed as Exhibit 2-A to Form U5S (1957); amendment dated December 21, 1981, filed as Exhibit 3-A to Form U5S (1981); amendment dated November 15, 1988, filed as Exhibit 2-A to Form U5S (1988); amendment dated March 13, 1995, filed as Exhibit 2-A to Form U5S (1995); amendment dated February 15, 1995, filed as Exhibit 3-A to Form U5S (1995); amendment dated January 12, 1996, filed as Exhibit 4-A to Form U5S (1995). (20) By-Laws, as amended to September 1, 1968, filed as Exhibit 4-B to Form U5S (1968); amendment dated June 16, 1970, filed as Exhibit 4-B to Form U5S (1970); amendment dated September 24, 1975, filed as Exhibit 1-B to Form U5S (1975); amendment dated May 4, 1977, filed as Exhibit 3-B to Form U5S (1977); amendment dated May 1, 1985, filed as Exhibit 2-B to Form U5S (1985); amendment dated December 8, 1988, filed as Exhibit 3-B to Form U5S (1988); amendment dated June 15, 1989, filed as Exhibit 1-B to Form U5S (1989); amendment dated January 9, 1996 filed as Exhibit 2-B to Form U5S (1995); amendment dated November 1, 1997, filed herewith as Exhibit 2-B to Form U5S (1997). (21) Certificate of Incorporation as adopted July 1, 1958, filed as Exhibit 1-A to Form U5S (1961); amendment dated January 17, 1980, filed as Exhibit 1-A to Form U5S (1979); amendment dated February 15, 1995 filed as Exhibit 5A to Form U5S (1995). (22) By-Laws, as amended to May 2, 1972, filed as Exhibit 4-B to Form U5S (1972); amendment dated May 1, 1985, filed as Exhibit 3-B to Form U5S (1985); amendment dated December 8, 1988, filed as Exhibit 4-B to Form U5S (1988); amendment dated June 15, 1989, filed as Exhibit 2-B to Form U5S (1989); amendment dated January 9, 1996 filed as Exhibit 3-B to Form U5S (1995); amendment dated June 30, 1997, to be filed later electronically as Exhibit 3-B and amendment dated November 1, 1997, filed herewith as Exhibit 4-B to Form U5S (1997). 58 167 (23) Articles of Incorporation as adopted October 6, 1961, filed as Exhibit 1-A to Form U5S (1964); amendment dated December 27, 1963, filed as Exhibit 2-A to Form U5S (1964); amendment dated February 21, 1964, filed as Exhibit 3-A to Form U5S (1964); Certificate of Merger of Columbia Gas of Ohio, Inc. and The Ohio Valley Gas Company effective December 31, 1974, filed as Exhibit 5-A to Form U5S (1974); amendment dated January 8, 1982, filed as Exhibit 2-A to Form U5S (1982); amendment dated February 16, 1995, filed as exhibit 6-A to Form U5S (1995). (24) Regulations as adopted October 16, 1961, filed as Exhibit 2-B to Form U5S (1964); amendment dated August 19, 1968, filed as Exhibit 5-B to Form U5S (1968); amendment dated May 1, 1985, filed as Exhibit 5-B to Form U5S (1985); amendment dated December 9, 1985, filed as Exhibit 6-B to Form U5S (1985); amendment dated December 8, 1988, filed as Exhibit 6-B to Form U5S (1988); amendment dated June 15, 1989, filed as Exhibit 4-B to Form U5S (1989); amendment dated January 9, 1996, filed as Exhibit 4-B to Form U5S (1995); amendment dated November 1, 1997, filed herewith as Exhibit 5-B to Form U5S (1997). (25) Articles of Incorporation as adopted during the year 1960, filed as Exhibit 1-A to Form U5S (1962); amendment dated December 21, 1981, filed as Exhibit 4-A to Form U5S (1981); amendment dated February 15, 1995, filed as Exhibit 7-A to Form U5S (1995). (26) By-Laws, as amended to May 2, 1972, filed as Exhibit 6-B to Form U5S (1972); amendment dated May 1, 1985, filed as Exhibit 7-B to Form U5S (1985); amendment dated December 8, 1988, filed as Exhibit 7-B to Form U5S (1988); amendment dated June 15, 1989, filed as Exhibit 5-B to Form U5S (1989); amendment dated January 9, 1996, filed as Exhibit 5-B to Form U5S (1995); amendment dated November 1, 1997, filed herewith as Exhibit 6-B to Form U5S (1997). (27) Certificate of Incorporation, as amended through May 17, 1991, filed as Exhibit 3-A to Form U5S (1991); amendment dated June 30, 1997, filed herewith to be filed later electronically as Exhibit 5-A to Form U5S (1997). (28) By-Laws, as amended February 10, 1988, filed as Exhibit 8-B to Form U5S (1988); amendment dated December 29, 1997, filed herewith as Exhibit 7-B to Form U5S (1997). (29) Restated Certificate of Incorporation of Columbia Gas Transmission Corporation dated March 3, 1982, filed as Exhibit 3-A to Form U5S (1982); amendment dated October 22, 1984, filed as Exhibit 3-A to Form U5S (1984); Certificate of Merger of Commonwealth Gas Pipeline Corp. into Columbia Gas Transmission Corp. dated October 26, 1990, filed as Exhibit 1-A to Form U5S (1990); amendment dated November 28, 1995, to be filed later electronically as Exhibit 6-A and amendment dated June 30, 1997, filed herewith as Exhibit 7-A to Form U5S (1997). (30) By-Laws of Columbia Gas Transmission Corporation as amended through May 9, 1991, filed as Exhibit 1-B to Form U5S (1991); amendment dated January 17, 1996, file herewith as Exhibit 3-B to Form U5S (1996). (31) Certificate of Incorporation as adopted March 18, 1992, filed as Exhibit 4-A to Form U5S (1991). (32) By-Laws as of March 18, 1992, filed as Exhibit 4-B to Form U5S (1991). (33) Certificate of Incorporation as adopted May 26, 1958, filed as Exhibit 3-A to Form U5S (1958); amendment dated November 10, 1981, filed as Exhibit 6-A to Form U5S (1981); amendment dated December 23, 1994, filed as Exhibit 2-A to Form U5S (1994); amendment dated June 30, 59 168 1997, to be filed later electronically as Exhibit 8-A to Form U5S (1997). (34) By-Laws of Columbia Gulf Transmission Company as amended through May 9, 1991, filed as Exhibit 2-B to Form U5S (1991);amendment dated January 17, 1996, file herewith as Exhibit 4B to Form U5S (1996). (35) Certificate of Incorporation of Columbia Insurance Corporation, Ltd. dated November 1, 1996, filed herewith as Exhibit 2-A to Form U5S (1996). (36) By-laws of Columbia Insurance Corporation, Ltd. as adopted November 4, 1996, file herewith as Exhibit 5-B to Form U5S (1996). (37) Restated Certificate of Incorporation of Columbia LNG Corporation as amended to December 18, 1989, filed as Exhibit 18-A to Form U5S (1989); amendments dated January 31, 1992, November 2, 1992, June 13, 1994 and April 13, 1995 filed as Exhibits 3-A-1, 3-A-2, 3-A-3 and 3-A-4, respectively to Form U5S; amendment dated January 15, 1997, to be filed later electronically as Exhibit 9-A to Form U5S (1997). (38) By-Laws of Columbia LNG Corporation as amended through October 10, 1990, filed as Exhibit 1-B to Form U5S (1990); amendment dated July 27, 1992, filed as Exhibit 3-B to Form U5S (1992); amendment dated December 21, 1994 filed as Exhibit 1-B to Form U5S (1994); amendment dated October 17, 1995 and amendment dated June 1, 1996, filed herewith as Exhibits 6B and 7B to Form U5S (1996). (39) Certificate of Incorporation of CLNG Corporation as adopted January 21, 1994, filed as Exhibit 4-A to Form U5S (1994). (40) By-Laws of CLNG Corporation as amended through December 21, 1994 filed as Exhibit -B to Form U5S (1994). (41) Certificate of Incorporation of Columbia Natural Resources, Inc. adopted on November 21, 1984, filed as Exhibit 4-A to Form U5S (1984). (42) By-Laws as of November 26, 1984, filed as Exhibit 2-B to Form U5S (1984). (43) Amended and Restated Certificate of Incorporation of Alamco, Inc. dated August 7, 1997, to be filed later electronically as exhibit 10-A to Form U5S (1997). (44) Amended and Restated Bylaws of Alamco, Inc. as adopted August 7, 1997, to be filed later electronically as Exhibit 8-B to Form U5S (1997). (45) Certificate of Incorporation of Alamco-Delaware dated July 21, 1994, filed herewith as Exhibit 11-A to Form USS (1997), to be filed later electronically. (46) By-Laws of Alamco-Delaware (to be filed). (47) Certificate of Incorporation of Hawg Hauling & Disposal, Inc. dated March 17, 1993, filed herewith as Exhibit 12-A to Form U5S (1997), to be filed later electronically. (48) By-Laws of Hawg Hauling & Disposal, Inc. dated March 17, 1993, to be filed later electronically as Exhibit 10-B to Form USS (1997). 60 169 (49) Certificate of Incorporation of Columbia Network Services Corporation dated June 7, 1996, filed herewith as Exhibit 3-A Form U5S (1996). (50) By-Laws of Columbia Network Services Corporation as adopted August 29, 1996, filed herewith as Exhibit 8-B to Form U5S (1996). (51) Certificate of Incorporation of CNS Microwave Inc., dated October 15, 1996, filed herewith as Exhibit -A to Form U5S (1996). (52) By-Laws of CNS Microwave, Inc. as adopted October 25, 1996, filed herewith as Exhibit 9-B to Form U5S (1996). (53) Certificate Formation of EnergyNet, L.L.C., dated June 13, 1997, to be filed later electronically as Exhibit 13-A to Form U5S (1997). (54) By-Laws of EnergyNet, L.L.C., dated June 13, 1997, filed herewith as Exhibit 9-B to Form U5S (1997). (55) Certificate of Incorporation as adopted August 19, 1957, filed as Exhibit 3-A to Form U5S (1959); amendment dated December 18, 1989, filed as Exhibit 1-A to Form U5S (1989); Certificate of Merger of CPI with and into CPC dated October 1, 1997, filed herewith as Exhibit 14-A and amendment dated October 1, 1997, filed herewith as Exhibit 15-A to Form U5S (1997). (56) By-Laws, as amended to December 4, 1957, filed as Exhibit 4-B to Form U5S (1959); amendment dated May 31, 1966, filed as Exhibit 2-B to Form U5S (1966); amendment dated August 3, 1967, filed as Exhibit 4-B to Form U5S (1967); amendment dated October 3, 1968, filed as Exhibit 6-B to Form U5S (1968); amendment dated February 4, 1971, filed as Exhibit 4-B to Form U5S (1971); amendment dated March 11, 1981, filed as Exhibit 2-B to Form U5S (1981); amendment dated June 14, 1989, filed as Exhibit 8-B to Form U5S (1989); amendment dated October 1, 1997, filed as Exhibit 12-B to Form U5S (1997). (57) Certificate of Incorporation of Commonwealth Gas Services, Inc. as amended through December 19, 1958, and including the Certificate of Merger dated December 18, 1979, filed as Exhibit 8-A to Form U5S (1981); amendment dated December 30, 1987, filed as Exhibit B, page 17, to Form U5S (1987); amendment dated February 15, 1995, filed as Exhibit 8-A to Form U5S (1995); amendment dated January 16, 1998, to be filed later electronically as Exhibit 16-A to Form U5S (1997). (58) By-Laws of Commonwealth Gas Services, Inc. as amended through March 5, 1985, filed as Exhibit 9-B to Form U5S (1985); amendment dated April 21, 1986, filed as Exhibit 6-B to Form U5S (1986); amendment dated April 20, 1987, filed as Exhibit B, page 18, to Form U5S (1987); amendment dated January 1, 1989, filed as Exhibit 9-B to Form U5S (1988); amendment dated June 15, 1989, filed as Exhibit 9-B to Form U5S (1989); amendment dated May 6, 1991, filed as Exhibit 3-B to Form U5S (1991); amendment dated December 7, 1992, filed as Exhibit 2-B to Form U5S (1992);amendment dated November 1, 1997, filed herewith as Exhibit 13-B to Form U5S (1997). (59) Certificate of Incorporation of Commonwealth Propane, Inc. as amended through October 3, 1981, and including the Certificate of Merger dated December 31, 1980, filed as Exhibit 9-A to Form U5S (1981); amendments dated July 1, 1988, filed as Exhibits 5-A and 6-A to Form U5S (1988); amendment dated January 6, 1989, filed as Exhibit 7-A to Form U5S 61 170 (1988). (60) By-Laws of Commonwealth Propane, Inc. as amended through July 16, 1990, filed as Exhibit 2-B to Form U5S (1990). (61) Articles of Incorporation as adopted June 3, 1960, filed as Exhibit 3-A to Form U5S (1965). (62) By-Laws of Inland Gas Company, Inc. as amended through May 8, 1990, filed as Exhibit 3-B to Form U5S (1990). (63) Certificate of Incorporation of TriStar Capital Corporation dated August 2, 1990, filed as Exhibit 2-A to Form U5S (1990); amendment dated June 30, 1997, filed herewith as Exhibit 17-A to Form U5S (1997). (64) By-Laws of TriStar Capital Corporation dated August 2, 1990, filed as Exhibit 4-B to Form U5S (1990). (65) Certificate of Incorporation of TriStar Gas Technologies, Inc. dated August 2, 1990, filed as Exhibit 3-A to Form U5S (1990). (66) By-Laws of TriStar Gas Technologies, Inc. dated August 2, 1990, filed as Exhibit 5-B to Form U5S (1990). (67) Certificate of Incorporation of TriStar Trading Inc. dated April 27, 1990, filed as Exhibit 4-A to Form U5S (1990). (68) By-Laws of TriStar Trading Inc. dated April 27, 1990, filed as Exhibit 6-B to Form U5S (1990). (69) Restated Certificate of Incorporation of TriStar Ventures Corporation as of July 22, 1986, filed as Exhibit 2-A to Form U5S (1986); amendment dated June 1, 1997, to be filed later electronically dated January 16, 1998, filed herewith as Exhibit 19-A to form U5S (1997). (70) By-Laws as of March 22, 1984, filed as Exhibit 1-B to Form U5S (1984); amended to change the name from Columbia Gas Brokerage Corporation to TriStar Ventures Corporation by the Consent to Action in Lieu of a Special Meeting of the Board of Directors dated July 11, 1986, filed as Exhibit 10-B to Form U5S (1986). (71) Certificate of Incorporation of TriStar CPA Corporation dated April 29, 1988, filed as Exhibit 2-A to Form U5S (1989); amendment changing name to TriStar Pedrick General Corporation, dated August 2, 1989, filed as Exhibit 3-A to Form U5S (1989). (72) By-Laws of TriStar CPA Corporation (name later changed to TriStar Pedrick General Corporation) dated April 29, 1988, filed as Exhibit 14-B to Form U5S (1989). (73) Certificate of Incorporation of TriStar Rumford Corporation dated April 29, 1988, filed as Exhibit 4-A to Form U5S (1989); amendment changing name to TriStar Pedrick Limited Corporation, dated August 2, 1989, filed as Exhibit 5-A to Form U5S (1989). (74) By-Laws of TriStar Rumford Corporation (name later changed to TriStar Pedrick Limited Corporation) dated April 29, 1988, filed as Exhibit 15-B to Form U5S (1989). 62 171 (75) Certificate of Incorporation of TVC One Corporation dated December 28, 1989, filed as Exhibit 6-A to Form U5S (1989); amendment changing name to TriStar Fuel Cells Corporation, dated May 8, 1990, filed as Exhibit 5-A to Form U5S (1990). (76) By-Laws of TVC One Corporation (name later changed to TriStar Fuel Cells Corporation) dated December 28, 1989, filed as Exhibit 16-B to Form U5S (1989). (77) Certificate of Incorporation of TVC Two Corporation dated December 28, 1989, filed as Exhibit 7-A to Form U5S (1989); amendment changing name to TriStar Binghamton General Corporation, dated May 8, 1990, filed as Exhibit 6-A to Form U5S (1990). (78) By-Laws of TVC Two Corporation (name later changed to TriStar Binghamton General Corporation) dated December 28, 1989, filed as Exhibit 17-B to Form U5S (1989). (79) Certificate of Incorporation of TVC Three Corporation dated December 28, 1989, filed as Exhibit 8-A to Form U5S (1989); amendment changing name to TriStar Binghamton Limited Corporation, dated May 8, 1990, filed as Exhibit 7-A to Form U5S (1990). (80) By-Laws of TVC Three Corporation (name later changed to TriStar Binghamton Limited Corporation) dated December 28, 1989, filed as Exhibit 18-B to Form U5S (1989). (81) Certificate of Incorporation of TVC Four Corporation dated December 28, 1989, filed as Exhibit 9-A to Form U5S (1989); amendment changing name to TriStar Georgetown General Corporation, dated May 8, 1990, filed as Exhibit 8-A to Form U5S (1990). (82) By-Laws of TVC Four Corporation (name later changed to TriStar Georgetown General Corporation) dated December 28, 1989, filed as Exhibit 19-B to Form U5S (1989). (83) Certificate of Incorporation of TVC Five Corporation dated December 28, 1989, filed as Exhibit 10-A to Form U5S (1989); amendment changing name to TriStar Georgetown Limited Corporation, dated May 1990, filed as Exhibit 9-A to Form U5S (1990). (84) By-Laws of TVC Five Corporation (name later changed to TriStar Georgetown Limited Corporation) dated December 28, 1989, filed as Exhibit 20-B to Form U5S (1989). (85) Certificate of Incorporation of TVC Six Corporation dated December 28, 1989, filed as Exhibit 11-A to Form U5S (1989); amendment changing name to TriStar Vineland General Corporation, dated May 8, 1990, filed as Exhibit 10-A to Form U5S (1990). (86) By-Laws of TVC Six Corporation (name later changed to TriStar Vineland General Corporation) dated December 28, 1989, filed as Exhibit 21-B to Form U5S (1989). (87) Certificate of Incorporation of TVC Seven Corporation dated December 28, 1989, filed as Exhibit 12-A to Form U5S (1989); amendment changing name to TriStar Vineland Limited Corporation, dated May 8, 1990, filed as Exhibit 11-A to Form U5S (1990). (88) By-Laws of TVC Seven Corporation (name later changed to TriStar Vineland Limited Corporation) dated December 28, 1989, filed as Exhibit 22-B to Form U5S (1989). 63 172 (89) Certificate of Incorporation of TVC Eight Corporation dated December 28, 1989, filed as Exhibit 13-A to Form U5S (1989); amendment changing name to TriStar Rumford Limited Corporation, dated September 26, 1990, filed as Exhibit 12-A to Form U5S (1990). (90) By-Laws of TVC Eight Corporation (name later changed to TriStar Rumford Limited Corporation) dated December 28, 1989, filed as Exhibit 23-B to Form U5S (1989). (91) Certificate of Incorporation of TVC Nine Corporation dated December 28, 1989, filed as Exhibit 14-A to Form U5S (1989). (92) By-Laws of TVC Nine Corporation dated December 28, 1989, filed as Exhibit 24-B to Form U5S (1989). (93) Certificate of Incorporation of TVC Ten Corporation dated December 28, 1989, filed as Exhibit 15-A to Form U5S (1989). (94) By-Laws of TVC Ten Corporation dated December 28, 1989, filed as Exhibit 25-B to Form U5S (1989). 64 173 EXHIBIT C (a) *Reference is made to Columbia Energy Group's 1997 Form 10- K, pages 73 through 75, filed with the Commission on March 18, 1998 (File No. 1-1098), for the indentures and other fundamental documents defining the rights of security holders. *Incorporated herein by reference. 65 174 EXHIBIT D A copy of the System Tax Allocation Agreement (Agreement) is filed herewith as Exhibit D to Form U5S (1997). 66 175 EXHIBIT E Copies of other documents prescribed by rule or order. The Registrant's Chart of Accounts was filed on November 24, 1975, as Amendment No. 1 to Form U5S (1974), modified by Amendment No. 1 to Form U5S (1980), filed on July 10, 1981, and by Amendment No. 1 to Form U5S (1981), filed on September 24, 1982. No changes, other than those required by the Federal Energy Regulatory Commission, occurred during the year 1996. Columbia's personnel policy of general application, permitting retirees to secure subsidiary contingent tax liabilities relating to Pension Restoration Plan distributions, effective as of December 1, 1993, filed as Exhibit E to Form U5S (1993), is incorporated herein by reference. 67 176 EXHIBIT F REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS TO COLUMBIA ENERGY GROUP: We have audited the accompanying consolidated balance sheets of Columbia Energy Group (a Delaware corporation, the "Corporation") and subsidiaries as of December 31, 1997 and 1996, and the related statements of consolidated income, cash flows and common stock equity for each of the three years in period ended December 31, 1997. These financial statements are the responsibility of the Corporation's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Corporation and subsidiaries as of December 31, 1997 and 1996, and the results of their operations and their cash flows for the year then ended in conformity with generally accepted accounting principles. Our audits were made for the purposes of forming an opinion on the basic consolidated financial statements taken as a whole. The schedule listed in the Index to Item 8, Financial Statements and Supplementary Data, is presented for purposes of complying with the Securities and Exchange Commission's rules and is not part of the basic consolidated financial statements. This schedule has been subjected to the auditing procedures applied in the audits of the basic consolidated financial statements and, in our opinion, fairly states in all material respects the financial data required to be set forth therein in relation to the basic consolidated financial statements taken as a whole. ARTHUR ANDERSEN LLP. New York, New York January 23, 1998 68 177 EXHIBIT G Financial Data Tables are filed herewith as Exhibit 27. 69 178 EXHIBIT H Not Applicable 70 179 EXHIBIT I Not Applicable 71 180 COLUMBIA ENERGY GROUP FORM U5S ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31, 1997 EXHIBITS Exhibit 1-A: Certificate of Amendment of Certificate of Incorporation of Columbia Energy Group dated January 16, 1998. Exhibit 2-A: Certificate of Amendment of Certificate of Incorporation of Columbia Atlantic Trading Corporation dated August 18, 1997. Exhibit 3-A: Certificate of Incorporation of Columbia Power Marketing Corporation dated June 19, 1997. Exhibit 4-A: Certificate of Amendment of Certificate of Incorporation of Columbia Power Marketing Corporation dated March 2, 1998. Exhibit 1-B: By-Laws of Columbia Power Marketing Corporation dated June 23, 1997. Exhibit 2-B: Amendment of the By-Laws of Columbia Gas of Kentucky adopted November 1, 1997. Exhibit 3-B: Amendment of the By-Laws of Columbia Gas of Maryland, Inc. as adopted June 30, 1997. Exhibit 4-B: Amendment of the By-Laws of Columbia Gas of Maryland, Inc. as adopted November 1, 1997. Exhibit 5-B: Amendment of the By-Laws of Columbia Gas of Ohio, Inc. as adopted November 1, 1997. Exhibit 6-B: Amendment of the By-Laws of Columbia Gas of Pennsylvania, Inc. as adopted November 1, 1997. Exhibit 5-A: Certificate of Amendment of Restated Certificate of Incorporation of Columbia Gas System Service Corporation dated June 30, 1997. Exhibit 7-B: Amendment of the By-Laws of Columbia Energy Group Service Corporation as adopted December 29, 1997. Exhibit 6-A: Amended and Restated Certificate of Incorporation of Columbia Gas Transmission Corporation dated November 28, 1995. 181 Exhibit 7-A: Certificate of Amendment of Restated Certificate of Incorporation of Columbia Gas Transmission Corporation dated June 30, 1997. Exhibit 8-A: Certificate of Amendment of Certificate of Incorporation of Columbia Gulf Transmission Company dated June 30, 1997. Exhibit 9-A: Certificate of Amendment of Certificate of Incorporation CLNG Corporation dated January 15, 1997. Exhibit 10-A: Amended and Restated Certificate of Incorporation of ALAMCO, Inc. dated August 7, 1997. Exhibit 8-B: Amended and Restated By-Laws of ALAMCO, Inc. as adopted August 7, 1997. Exhibit 11-A: Certificate of Incorporation of Alamco-Delaware dated July 21, 1994. Exhibit 9-B: By-Laws of Alamco-Delaware to be filed at a later date. Exhibit 12-A: Certificate of Incorporation of Hawg-Hauling & Disposal, Inc. dated March 17, 1993. Exhibit 10-B: By-Laws of Hawg-Hauling & Disposal, Inc. dated March 12, 1993. Exhibit 13-A: Certificate of Formation of EnergyNet, L.L.C. dated June 13, 1997. Exhibit 11-B: By-Laws of EnergyNet, L.C.C. dated June 13, 1997. Exhibit 14-A: Certificate of Merger of Commonwealth Propane, Inc., a Virginia Corporation, with and into Columbia Propane Corporation, A Delaware Corporation dated October 1, 1997. Exhibit 15-A Restated Certificate of Incorporation of Columbia Propane Corporation dated October 1, 1997. Exhibit 12-B: Restated By-Laws of Columbia Propane Corporation as adopted October 1, 1997. Exhibit 16-A Amendment of the By-Laws of Commonwealth Gas Services, Inc. as adopted January 16, 1998. Exhibit 13-B Amendment of the By-Laws of Commonwealth Gas Services, Inc. dated November 1, 1997. Exhibit 17-A: Certificate of Amendment of Certificate of Incorporation of Tristar Capital Corporation dated June 30, 1997. 182 Exhibit 18-A: Certificate of Amendment of Restated Certificate of Incorporation of Tristar Ventures Corporation dated June 1, 1997. Exhibit 19-A: Certificate of Amendment of Restated Certificate of Incorporation of Tristar Ventures Corporation dated January 16, 1998. Exhibit D: Tax Allocation dated 1997. Exhibit 27: Financial Data Tables EX-99.3B 2 CERTIFICATE OF AMENDMENT 1 CERTIFICATE OF AMENDMENT OF Exhibit 3-B CERTIFICATE OF INCORPORATION Page 1 of 3 OF COLUMBIA GAS OF MARYLAND, INC. COLUMBIA GAS OF MARYLAND, INC., a corporation organized and existing under and by virtue of the General Corporation Law of the State of Delaware (the "Corporation"), DOES HEREBY CERTIFY: FIRST: That the Board of Directors of said Corporation, by unanimous written consent dated June 30, 1997, adopted resolutions proposing and declaring advisable an amendment to part FOURTH of the Certificate of Incorporation of said Corporation as follows: RESOLVED, that the Board of Directors finds advisable and hereby proposes to the stockholders of the Corporation that part FOURTH of the Certificate of Incorporation of the Corporation be amended in its entirety to read as follows: FOURTH: The total number of shares of stock which the Corporation shall have authority to issue is Three Thousand (3,000) and the par value of each of such shares is Twenty-Five Dollars ($25.00) amounting in the aggregate to Seventy Five Thousand Dollars ($75,000). RESOLVED, FURTHER, that effective at the time of the filing of the Certificate of Amendment setting forth this amendment to the Certificate of Incorporation (the "Effective Time"), each share of the common stock of the Corporation, par value $25.00 per share, issued and outstanding or held in treasury immediately prior to the Effective Time shall, without the exchange of stock certificates or the taking of any other action on the part of the Corporation or the respective holders thereof, be reclassified into one one hundred fortieth (1/140) of a share of common stock of the Corporation, par value $25.00 per share, and each stock certificate that, immediately prior to the Effective Time, represented shares of such common stock shall, from and after the Effective Time, and without the necessity of presenting the same for exchange, represent one one hundred fortieth (1/140) of the number of shares designated on such stock certificate, provided, however, that after the Effective Time, upon the surrender by any stockholder of certificates 2 bearing the number of shares of the Corporation's common stock represented by such certificate prior to the Effective Time, the officers of the corporation be, and they hereby are, authorized and directed to issue in exchange therefor one or more new certificates bearing the number of reclassified shares of the Corporation's common stock; RESOLVED, FURTHER, that the foregoing amendment is advisable and its adoption is in the best interests of the Corporation and its stockholders and, to effectuate the foregoing, it is hereby directed that the foregoing amendment be considered at the next annual meeting of the stockholders, unless earlier approved by written consent in accordance with Section 228 of the Delaware General Corporation Law; RESOLVED, FURTHER, that after approval of such amendment by the stockholders of the Corporation and receipt of all necessary regulatory approvals, the officers of the Corporation be, and they hereby are, authorized and directed to execute, acknowledge and file with the Secretary of State of the State of Delaware a Certificate of Amendment to evidence the foregoing amendment to the Corporation's Certificate of Incorporation; and RESOLVED, FURTHER, that the officers of the Corporation be, and they hereby are, authorized and directed from time to time to execute any and all documents and to take any and all other actions necessary or appropriate to carry forward the foregoing resolutions. SECOND: That in lieu of a meeting and vote of the stockholders, The Columbia Gas system, Inc., being the holder of the outstanding stock of the Corporation having not less than the minimum number of votes that would be necessary to authorize or take action at a meeting at which all shares entitled to vote thereon were present and voted, approved said amendment by written Consent dated as of August 1, 1997, in accordance with the provisions of Section 228(a) of the General Corporation Law of the State of Delaware. THIRD: That said amendment was duly adopted in accordance with the applicable provisions of Sections 242 and 228 of the General Corporation Law of the State of Delaware. 3 Exhibits 3-B Page 3 Of 3 IN WITNESS WHEREOF, Columbia Gas of Maryland, Inc. has caused this Certificate to be signed by Mr. Gary J. Robinson, its President, and attested by Mr. Andrew J. Sonderman, its Secretary, this 12th day of August, 1997. By: /s/ Gary J. Robinson -------------------------- President ATTEST: /s/ Andrew J. Sonderman -------------------------- Secretary EX-99.6A 3 AMENDED AND RESTATED CERTIFICATE 1 Exhibit 6-A STATE OF DELAWARE Page 1 of 11 SECRETARY OF STATE DIVISION OF CORPORATIONS FILED 08:30 AM 11/28/1995 950274205 - 704607 AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF COLUMBIA GAS TRANSMISSION CORPORATION, a corporation organized and existing under the laws of the State of Delaware, hereby certifies as follows: 1. The name of the corporation is COLUMBIA GAS TRANSMISSION CORPORATION. The date of filing its original Certificate of Incorporation with the Secretary of State was March 3, 1969. 2. This is an amendment to the Restated Certificate of Incorporation which was filed in the Office of the Secretary of State for the State of Delaware on March 19, 1982. The effect of this Amendment is to add a new Paragraph 9 as follows: "NINTH: No non-voting equity securities of the Corporation may be issued. This provision is to comply with Section 1123 of the United States Bankruptcy Code, 11 U.S.C. Section 1123(a)(5)(I), and Section 1123 (a)(6) shall have no force and effect except to the extent required by such Section so long as such Section is in effect and applicable to the Corporation". 3. The text of the Certificate of Incorporation as amended is hereby restated without further amendments or changes to read as herein set forth in full: 2 Exhibit 6-A Page 2 of 11 FIRST. The name of the Corporation is COLUMBIA GAS TRANSMISSION CORPORATION SECOND. The address of its registered office in the State of Delaware is No. 1209 Orange Street, in the City of Wilmington, County of New Castle. The name of its registered agent at such address is The Corporation Trust Company. THIRD. The nature of the business or purposes to be conducted or promoted are: (a) To prospect, explore and drill for, or otherwise acquire, import, export, produce, mine, gather, store, treat, refine, reform, blend, combine, manufacture, strip, purchase, transmit, transport, sell or otherwise dispose of, furnish and deliver natural, artificial and mixed gas, oil and other hydrocarbons including gasoline, and sulphur and other minerals and mineral substances either gaseous, liquid or solid, together with all derivatives, products or by-products thereof; (b) To construct, purchase, lease or otherwise acquire, own, operate, maintain, sell or otherwise dispose of pipelines and underground storage areas or facilities for the transmission, purchase, production, storage or sale of natural, artificial or mixed gas, together with such machinery, plants, appliances, supplies and other equipment and property used, useful or convenient to the operation and maintenance of said pipelines, and underground storage areas or facilities: (c) To construct, purchase, lease or otherwise acquire, own, operate, maintain, sell or otherwise dispose of, a system or systems of communications by radio, telephone, telegraph or otherwise, together with such machinery, plants, appliances, supplies and other equipment and property used, useful or 3 Exhibit 6-A Page 3 of 11 convenient to the operation and maintenance of such systems, for use only in connection with the business of the Corporation and not as common carrier or public utility; (d) To manufacture, purchase, use, sell, lease and deal in machines and inventions consuming or utilizing gas, oil or vapor as a fuel, as light and/or heat, or other energy application, or as a raw material or other component in any manufacturing or corresponding process; (e) To manufacture, purchase or otherwise acquire, lease, invest in, own, mortgage, pledge, sell, assign and transfer or otherwise dispose of, trade, deal in and deal with goods, wares and merchandise and personal property of every class and description; (f) To purchase, receive, take by grant, gift, devise, bequest or otherwise, lease, or otherwise acquire, own, hold, improve, employ, use and otherwise deal in and with real or personal property, either tangible or intangible, or any interest therein, wherever situated, and to sell, convey, lease, exchange, transfer or otherwise dispose of, or mortgage or pledge, all or any or the corporation's property and assets, or any interest therein, wherever situated; (g) To exercise the power of eminent domain to the fullest extent permitted by Federal law or applicable State statutes for the purpose of acquiring such real or personal property and such casements, rights of way, licences or other interest in such real or personal property, as may be necessary or convenient in the construction and/or operation and maintenance of any property or facilities of the Corporation to which such Federal law or applicable State statutes apply; (h) To acquire, bring together, hold, dispose of and deal in, royalty and other interests in minerals and to manage and control said mineral interests and to collect the revenues arising therefrom: 4 Exhibit 6-A Page 4 of 11 (i) To lend money for its corporate purposes. invest and reinvest its funds, and take. hold and deal with real and personal property as security for the payment of funds so loaned or invested; (j) To apply for, receive, acquire, hold, use, sell, assign, lease, grant licenses in respect of, mortgage or otherwise dispose of letters patent of the United States or any foreign country, patent rights, territorial rights, licenses, permits, certificates, privileges or other governmental authorization from any Federal, State, or local governmental agency, inventions, improvements and processes, copyrights, trademarks and trade names, that may be necessary, appropriate, or convenient for the carrying out of any of the business or purposes to be conducted or promoted by the corporation; (k) To enter into, make, perform, carry out and rescind contracts of every kind including contracts of guaranty and suretyship, as principal agent or otherwise, with any person, firm, association, corporation, government, state, municipality, or other governmental agency or political subdivision thereof or body politic, or colony or dependency thereof, (l) To borrow or raise moneys for any of the purposes of the corporation and, from time to time without limits as to amount, to draw, make, accept, endorse, execute and issue promissory notes, drafts, bills of exchange, warrants. bonds, debentures and other negotiable or non-negotiable instruments and evidences of indebtedness, and to secure the payment of any thereof and of the interest thereon by mortgage upon or pledge, conveyance or assignment in trust of the whole or any part of the property of the corporation, whether at the time owned or thereafter acquired, and to sell, pledge or otherwise dispose of such bonds or other obligations of the corporation for its corporate purposes; (m) To participate with others in any corporation, partnership, limited partnership, joint venture, or other association of any kind or in any transaction, undertaking or 5 Exhibit 6-A Page 5 of 11 arrangement which the participating corporation would have power to conduct by itself, whether or not such participation involves sharing or delegation of control with or to others: (n) To carry on and conduct research work upon any and all problems arising in connection with the development of its properties for the purchase, production, storage and transportation of oil, gas, sulphur and other minerals and mineral substances either gaseous, liquid, or solid, and the refining and extraction therefrom and the refining of any product or byproduct or derivative thereof and any commercial use, or application of any such minerals or mineral substances or products, by-products, or derivatives thereof, or in connection with any of the other objects and purposes of the Corporation; (o) To conduct and carry on any of the objects and purposes herein enumerated through or by means of investment in subsidiaries or in the stock, securities, or other evidences of interest in corporations, joint stock companies, syndicates, firms, trusts, partnerships; or other associations of any kind engaged in carrying on or conducting any one or more of the businesses or enterprises which the Corporation is authorized to conduct and carry on hereunder; (p) To acquire by purchase, subscription or otherwise, and to receive, hold, own, guarantee, sell, assign, exchange, transfer, mortgage, pledge or otherwise dispose of or deal in and with any of the shares of the capital stock, or any voting trust certificates in respect of the shares of capital stock, scrip, warrants, rights, bonds, debentures, notes, trust receipts, and other securities, obligations, choses in action and evidences of indebtedness or interest issued or created by any corporations, joint stock companies, syndicates, associations, firms, trusts or persons, public or private, or by the government of the United States of America, or by any foreign government, or by any state, territory, province, municipality or other political subdivision or by any governmental agency, and as owner thereof 6 Exhibit 6-A Page 6 of 11 to possess and exercise all the rights, powers and privileges of ownership, including the right to execute consents and vote thereon, and to do any and all acts and things necessary or advisable for the preservation, protection, improvement and enhancement in value thereof; (q) To purchase or otherwise acquire its own shares of stock and its bonds, debentures, notes, scrip or other securities or evidences of indebtedness, and to cancel or to hold, transfer or reissue the same to such persons, firms, corporations or associations and upon such terms and conditions as the Board of Directors may in its discretion determine, without offering any thereof on the same terms or on any terms to the stockholders then of record or to any class of stockholders; (r) To aid in any manner any corporation, joint stock company, syndicate, association or trust, domestic or foreign, or any firm, or individual, any shares of stock in which or any bonds, debentures, notes, securities, evidences of indebtedness, contracts or obligations of which are held by or for this Corporation, directly or indirectly, or in which, or in the welfare of which, this Corporation shall have any interest, and to do any acts designed to protect, preserve, improve or enhance the value of any property at any time held or controlled by this Corporation or in which it may be at any time interested, directly or indirectly, or through other corporations or otherwise; and to cause to be formed, merged, consolidated, or reorganized or liquidated and to promote, take charge of or aid in any way permitted by law, the formation, merger, consolidation, reorganization or liquidation of any corporation or entity in the United States or elsewhere; (s) To sue and be sued in all courts and participate, as a party, or otherwise. in any judicial, administrative, arbitrative or other proceeding, in its corporate name, and to delegate by power of attorney to any person or persons authority to commence, prosecute, defend, compromise or settle any claims, actions or suits in behalf of or against the Corporation, either at law or in equity or otherwise: 7 Exhibit 6-A Page 7 of 11 (t) To issue its capital stock, bonds, debentures, or other obligations in payment for property purchased or acquired by it, or for money borrowed, or for any other lawful object in or about its business; (u) To acquire, and pay for in cash, stock or bonds of this Corporation or otherwise, the good will, rights, assets and property, and to undertake or assume the whole or any part of the obligations or liabilities of any person, firm, association or corporation: (v) To pay pensions and establish and carry out pension, profit sharing, stock option, stock purchase, stock bonus, retirement, benefit, incentive and compensation plans, trusts and provisions for any or all of its directors, officers, and employees, and for any or all of the directors, officers, or employees of its subsidiaries; (w) To provide insurance for its benefit on the life of any of its directors, officers, or employees, or on the life of any stockholder for the purpose of acquiring at his death shares of its stock owned by such stockholder. (x) In general, to possess and exercise all the powers and privileges granted by the General Corporation Law of Delaware or by any other law of Delaware or by this Certificate of Incorporation together with any powers incidental thereto, so far as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business or purposes of the corporation. The business and purposes specified in the foregoing clauses shall, except where otherwise expressed, be in nowise limited or restricted by reference to, or inference from, the terms of any other clause in this Certificate of Incorporation, but the business and purposes specified in each of the foregoing clauses of this article shall be regarded as independent business and purposes. FOURTH. The total number of shares of stock which the corporation shall have authority to issue is fifteen million (15,000,000) and the par value of 8 Exhibit 6-A Page 8 of 11 each of such shares is Twenty-five Dollars ($25) amounting in the aggregate to Three Hundred Million Dollars ($375,000,000). FIFTH. The Corporation is to have perpetual existence. SIXTH. For the management of the business and for the conduct of the affairs of the Corporation, and in further definition, limitation and regulation of the powers of the Corporation and of its directors and stockholders, it is further provided: 1. The number of directors of the Corporation shall be such as from time to time shall be fixed by, or in the manner provided in, the By-laws, but in no case shall the number be less than three. The directors need not be stockholders. 2. In furtherance and not in limitation of the powers conferred by statute, the Board of Directors is expressly authorized: (a) To make, alter or repeal the By-laws of the Corporation subject to the power of the stockholders to alter or repeal the By-laws made by the Board of Directors. (b) Subject to the applicable provisions of the By-laws then in effect, to determine, from time to time, whether and to what extent and at what times and places and under what conditions and regulations the accounts and books and documents of the Corporation, or any of them, shall be opened to the inspection of the stockholders, and no stockholder shall have any right to inspect any account or book or document of the Corporation, except as conferred by statute, unless and until authorized so to do by resolution of the Board of Directors or of the stockholders of the Corporation. (c) To authorize and cause to be executed mortgages and liens upon the real and personal property of the corporation. (d) To determine whether any, and, if any, what part, of the net profits of the Corporation or of its surplus shall be 9 Exhibit 6-A Page 9 of 11 declared in dividends and paid to the stockholders, and to direct and determine the use and disposition of any such net profits or such net assets in excess of capital. (e) To set apart out of any funds of the Corporation available for dividends a reserve or reserves for any property purpose and to abolish any such reserve or reserves, to make such other provisions, if any, as the Board of Directors may deem necessary or advisable for working capital, for additions, improvements and betterments to plant and equipment, for expansion of the business of the Corporation (including the acquisition of real and personal property for that purpose) and for any other purposes of the Corporation. (f) By resolution or resolutions passed by a majority of the whole board, to designate one or more committees, each committee to consist of two or more of the directors of the corporation. The board may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. Any such committee, to the extent provided in the resolution or in the by-laws of the corporation, shall have and may exercise the powers of the board of directors in the management of the business and affairs of the corporation, and may authorize the seal of the corporation to be affixed to all papers which may require it; provided, however, the by-laws may provide that in the absence or disqualification of any, member of such committee or committees, the member or members thereof present at any meeting and not disqualified from voting, whether or not he or they constitute a quorum, may unanimously appoint another member of the board of directors to act at the meeting in the place of any such absent or disqualified member. (g) When and as authorized by the affirmative vote of the holders of a majority of the stock issued and outstanding having voting power given at a stockholders' meeting duly called upon such notice as is required by statute, or when authorized by the written consent of the holders of a majority of the voting stock issued and outstanding, to sell, lease or exchange all or 10 Exhibit 6-A Page 10 of 11 substantially all of the property and assets of the corporation, including its good will and its corporate franchises, upon such terms and conditions and for such consideration, which may consist in whole or in part of money or property including shares of stock in, and/or other securities of, any other corporation or corporations, as its board of directors shall deem expedient and for the best interests of the corporation. (h) The Corporation may in its By-laws confer powers upon its Board of Directors in addition to the foregoing, and in addition to the powers and authorities expressly conferred upon it by statute. SEVENTH. Meetings of stockholders may be held within or without the State of Delaware, as the by-laws may provide. The books of the corporation may be kept (subject to any provision contained in the statutes) outside the State of Delaware at such place or places as may be designated from time to time by the board of directors or in the by-laws of the corporation. Elections of directors need not be by written ballot unless the by-laws of the corporation shall so provide. EIGHTH. The Corporation reserves the right to amend, alter, change or repeal any provision contained in this Certificate of Incorporation, in the manner now or hereafter prescribed by statute, and all rights conferred upon stockholders herein are granted subject to this reservation. NINTH. No non-voting equity securities of the Corporation may be issued. This provision is to comply with Section 1123 of the United States Bankruptcy Code, 11 U.S.C. Section 1123(a)(5)(1), and Section 1123(a)(6), shall have no force and effect except to the extent required by such Section so long as such Section is in effect and applicable to the Corporation. 4. This Amended and Restated Certificate of Incorporation was duly adopted by the board of directors in accordance with Section 245 of the General Corporation Law of the State of Delaware and, pursuant to Section 303 of the General Corporation Law of the State of Delaware, in accordance with the Corporation's 11 Exhibit 6-A Page 11 of 11 Second Amended Plan of Reorganization, as further amended, dated July 17, 1995, as confirmed by the U. S. Bankruptcy Court for the District of Delaware on November 15, 1995. The undersigned are the proper officers to execute this Certificate under the provisions of Section 303(c) of the General Corporation Law of the State of Delaware. IN WITNESS WHEREOF, said COLUMBIA GAS TRANSMISSION CORPORATION has caused this certificate to be signed by R. LARRY ROBINSON, its President and attested by STEPHEN J. SMALL, its Secretary this 28th day of November, 1995. COLUMBIA GAS TRANSMISSION CORPORATION By /s/ R. Larry Robinson -------------------------------------------- President (Corporate Seal) ATTEST: By /s/ Stephen J. Small ----------------------------------- Secretary EX-99.8B 4 ARTICLES 1 Exhibit 8-B Page 1 of 22 ARTICLE I OFFICES Section 1. Registered Office. The registered office of Alamco, Inc. (the "Corporation") shall be in the City of Wilmington, County of New Castle, State of Delaware. Section 2. Other Offices. The Corporation may also have offices at such other places both within and without the State of Delaware as the Corporation's board of directors (the "Board of Directors") may from time to time determine or the business of the Corporation may require. ARTICLE II MEETINGS OF STOCKHOLDERS Section 1. Place. All meetings of the stockholders for the election of directors shall be held in the County of New Castle, State of Delaware, at such place as may be fixed from time to time by the Board of Directors, or at such other place either within or without the State of Delaware as shall be designated from time to time by the Board of Directors and stated in the notice of the meeting. Meetings of stockholders for any other purpose may be held at such time and place, within or without the State of Delaware, as shall be stated in the notice of the meeting or in a duly executed waiver of notice thereof. Section 2. Annual Meetings. Annual meetings of stockholders shall be held on the first Monday of June if not a legal holiday, and if a legal holiday, then on the next secular day following, at 10:00 A.M., or at such other date and time as shall be designated from time to time by the Board of Directors and stated in the notice of the meeting, at which they shall 2 Exhibit 8-B Page 2 of 22 elect by a plurality vote a Board of Directors, and transact such other business as may properly be brought before the meeting. Section 3. Notice. Written notice of the annual meeting stating the place, date and hour of the meeting shall be given to each stockholder entitled to vote at such meeting not less than ten (10) nor more than sixty (60) days before the date of the meeting. Section 4. Stockholder's List. The officer who has charge of the stock ledger of the Corporation shall prepare and make, at least ten days before every meeting of stockholders, a complete list of the stockholders entitled to vote at the meeting, arranged in alphabetical order, and showing the address of each stockholder and the number of shares registered in the name of each stockholder. Such list shall be open to the examination of any stockholder, for any purpose germane to the meeting, during ordinary business hours, for a period of at least ten (10) days prior to the meeting, either at a place within the city where the meeting is to be held, which place shall be specified in the notice of the meeting, or, if not so specified, at the place where the meeting is to be held. The list shall also be produced and kept at the time and place of the meeting during the whole time thereof, and may be inspected by any stockholder who is present. Section 5. Special Meetings. Special meetings of the stockholders, for any purpose or purposes, unless otherwise prescribed by statute or by the Corporation's certificate of incorporation (as the same may be amended or restated from time to time, the "Certificate of Incorporation"), may be called by the president and shall be called by the president or secretary at the request in writing of a majority of the Board of Directors, or at the request in writing of stockholders owning a majority in amount of the entire capital stock of the Corporation issued and outstanding and entitled to vote. Such request shall state the purpose or purposes of the proposed meeting. Written notice of a special meeting stating the place, 3 Exhibit 8-B Page 3 of 22 date and hour of the meeting and the purpose or purposes for which the meeting is called, shall be given not less than ten (10) nor more than sixty (60) days before the date of the meeting, to each stockholder entitled to vote at such meeting. Business transacted at any special meeting of the stockholders shall be limited to the purposes stated in the notice. Section 6. Quorum. The holders of a majority of the stock issued and outstanding and entitled to vote thereat, present in person or represented by proxy, shall constitute a quorum at all meetings of the stockholders for the transaction of business except as otherwise provided by statute or by the Certificate of Incorporation. If, however, such quorum shall not be present or represented at any meeting of the stockholders, the stockholders entitled to vote therea, present in person or represented by proxy, shall have power to adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present or represented. At such adjourned meeting, at which a quorum shall be present or represented, any business may be transacted which might have been transacted at the meeting as originally notified. If the adjournment is for more than thirty (30) days, or if after the adjournment a new record date is fixed for the adjourned meeting, a notice of the adjourned meeting shall be given to each stockholder of record entitled to vote at the meeting. When a quorum is present at any meeting, the vote of the holders of a majority of the stock having voting power present in person or represented by proxy shall decide any question brought before such meeting, unless the question is one upon which by express provision of statute or of the Certificate of Incorporation, a different vote is required in which case such express provision shall govern and control the decision of such question. Section 7. Votes. Unless otherwise provided in the Certificate of Incorporation, each stockholder shall at every meeting of the stockholders be entitled to one vote in person or by proxy for each share of the capital stock having voting power held by such stockholder, but 4 Exhibit 8-B Page 4 of 22 no proxy shall be voted on after three years from its date, unless the proxy provides for a longer period. Section 8. Action by Consent. Unless otherwise provided in the Certificate of Incorporation, any action required to be taken at any annual or special meeting of stockholders of the Corporation, or any action which may be taken at any annual or special meeting of such stockholders, may be taken without a meeting, without prior notice and without a vote, if a consent in writing, setting forth the action so taken, shall be signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted. Prompt notice of the taking of the corporate action without a meeting by less than unanimous written consent shall be given to those stockholders who have not consented in writing. ARTICLE III DIRECTORS Section 1. Number. The number of directors which shall constitute the whole Board of Directors shall be not less than three (3). The number of directors shall be determined by resolution of the Board of Directors or by the stockholders at the annual meeting. The directors shall be elected at the annual meeting of the stockholders, except as provided in Section 2 of this Article, and each director elected shall hold office, until his or her successor is elected and qualified. Directors need not be stockholders. Section 2. Vacancies. Vacancies and newly-created directorships resulting from any increase in the authorized number of directors may be filled by a majority of the directors then in office, though less than a quorum, or by a sole remaining director, and the directors 5 Exhibit 8-B Page 5 of 22 so chosen shall hold office until the next annual election and until their successors are duly elected and shall qualify, unless sooner displaced. If there are no directors in office, then an election of directors may be held in the manner provided by statute. Section 3. General Powers. The business of the Corporation shall be managed by the Board of Directors which may exercise all such powers of the Corporation and do all such lawful acts and things as are not by statute or by the Certificate of Incorporation or by these Bylaws directed or required to be exercised or done by the stockholders. Section 4. Meetings of the Board of Directors. The Board of Directors may hold meetings, both regular and special, either within or without the State of Delaware. The first meeting of each newly-elected Board of Directors shall be held at such time and place as shall be fixed by the vote of the stockholders at the annual meeting and no notice of such meeting shall be necessary to the newly-elected directors in order legally to constitute the meeting, provided all of the directors shall be present. In the event of the failure of the stockholders to fix the time or place of such first meeting of the newly-elected Board of Directors, or in the event such meeting is not held at the time and place so fixed by the stockholders, the meeting may be held at such time and place as shall be specified in a notice given as hereinafter provided for special meetings of the Board of Directors, or as shall be specified in a written waiver signed by all of the Directors. In lieu of holding such meeting, the newly-elected Board of Directors may act by written consent consistent with these Bylaws. Section 5. Notice of Meetings. Regular meetings of the Board of Directors may be held without notice at such time and at such place as shall from time to time be determined by the Board of Directors. Special meetings of the Board of Directors may be called by the President, the Secretary or any Assistant Secretary on six (6) hours' notice to each director, 6 Exhibit 8-B Page 6 of 22 either personally or by mail or by telegram: special meetings shall be called by the President, the Secretary or an Assistant Secretary in like manner and on like notice on the written request of two directors. Section 6. Quorum. At all meetings of the Board of Directors, a majority of the directors then in office shall constitute a quorum for the transaction of business (provided that not less than one-third of the total number of directors shall be necessary to constitute a quorum), and the act of a majority of the directors present at any meeting at which there is a quorum shall be the act of the Board of Directors, except as may be otherwise specifically provided by statute or by the Certificate of Incorporation. If a quorum shall not be present at any meeting of the Board of Directors, the directors present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present. Section 7. Action by Consent. Unless otherwise specifically restricted by the Certificate of Incorporation or these Bylaws, any action required or permitted to be taken at any meeting of the Board of Directors or of any committee thereof may be taken without a meeting, if all members of the Board of Directors or committee, as the case may be, consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the Board of Directors or committee. Section 8. Telephonic Meetings. Unless otherwise specifically restricted by the Certificate of Incorporation or these Bylaws, members of the Board of Directors, or any committee designated by the Board of Directors, may participate in a meeting of the Board of Directors, or any committee, by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other, and such participation in a meeting shall constitute presence in person at the meeting. 7 Exhibit 8-B Page 7 of 22 Section 9. Committees of Directors. The Board of Directors may, by resolution passed by a majority of the whole Board of Directors, designate one or more committees, each committee to consist of one or more of the directors of the Corporation. The Board of Directors may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. In the absence or disqualification of a member of a committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not he or they constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in the place of any such absent or disqualified member. Any such committee, to the extent provided in the resolution of the Board of Directors, shall have and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the Corporation, and may authorize the seal of the Corporation to be affixed to all papers which may require it; but no such committee shall have the power or authority in reference to the following matter: (i) approving or adopting, or recommending to the stockholders, any action or matter expressly required by statute to be submitted to stockholders for approval or (ii) adopting, amending or repealing any Bylaw of the Corporation. Such committee or committees shall have such name or names as may be determined from time to time by resolution adopted by the Board of Directors. Each committee shall keep regular minutes of its meetings and report the same to the Board of Directors. Section 10. Compensation of Directors. Unless otherwise specifically restricted by the Certificate of Incorporation or these Bylaws, the Board of Directors shall have the authority to fix the compensation of directors. The directors may be paid their expenses, if any, of attendance at each meeting of the Board of Directors and may be paid a fixed sum for attendance at each meeting of the Board of Directors or a stated salary as director. No such payment shall preclude any director from serving the Corporation in any other capacity 8 Exhibit 8-B Page 8 of 22 and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings. ARTICLE IV NOTICES Whenever, under the provisions of applicable statute or of the Certificate of Incorporation or of these Bylaws, notice is required to be given to any director or stockholder, it shall not be construed to mean personal notice, but such notice may be given in writing, by mail, addressed to such director or stockholder, at his address as it appears on the records of the Corporation, with postage thereon prepaid, and such notice shall be deemed to be given at the time when the same shall be deposited in the United States mail. Notice may also be given by telegram, data fax, or other similar method of transmitting a written communication. A waiver of notice in writing, signed by the person or persons entitled to said notice, whether before or after the time stated therein, shall be deemed equivalent thereto. ARTICLE V OFFICERS Section 1. General. The officers of the Corporation shall be chosen by the Board of Directors and shall be a president and at least one of the following: a Secretary, a Treasurer and/or a Controller. The Board of Directors may also choose Vice-Presidents and one or more Assistant Secretaries and Assistant Treasurers and/or Assistant Controllers. Any number of offices may be held by the same person, unless the Certificate of Incorporation or these Bylaws otherwise provide. The Board of Directors may appoint such other officers and agents as it shall deem necessary who shall have such titles hold their offices for such 9 Exhibit 8-B Page 9 of 22 terms and shall exercise such powers and perform such duties as shall be determined from time to time by the Board of Directors. Section 2. Compensation. The compensation of all officers and agents of the Corporation shall be fixed by the Board of Directors. Section 3. Vacancies. The officers of the Corporation shall hold office until their successors are chosen and qualify. Any officer elected or appointed by the Board of Directors may be removed at any time by the Board of Directors. Any vacancy occurring in any office of the Corporation shall be filled by the Board of Directors. Section 4. The President and Vice Presidents. The President shall be the chief executive officer of the Corporation, shall preside at all meetings of the stockholders and the Board of Directors, shall have general and active management of the business of the Corporation and shall see that all orders and resolutions of the Board of Directors are carried into effect. The President shall execute bonds, mortgages and other contracts requiring a seal, under the seal of the Corporation, except where required or permitted by law to be otherwise signed and executed and except where the signing and execution thereof shall be expressly delegated by the Board of Directors to some other officer or agent of the Corporation. The Vice President, or if there be more than one, the Vice Presidents in the order determined by the Board of Directors (or if there be no such determination, then in the order of their election), shall perform such duties and exercise such powers as the Board of Directors may from time to time prescribe. Section 5. Secretary. The Secretary shall attend all meetings of the Board of Directors and all meetings of the stockholders and record all the proceedings of the meetings of the Corporation and of the Board of Directors in a book to be kept for that purpose and 10 Exhibit 8-B Page 10 of 22 shall perform like duties for the standing committees when required. The Secretary shall give, or cause to be given, notice of all meetings of the stockholders and special meetings of the Board of Directors, and shall perform such other duties as may be prescribed by the Board of Directors or President, under whose supervision he or she shall be. The Secretary shall have custody of the corporate seal of the Corporation and the Secretary, or an Assistant Secretary, shall have authority to affix the same to any instrument requiring it and when so affixed, it may be attested by the signature of the Secretary, or an Assistant Secretary. The Board of Directors may give general authority to any other officer to affix the seal of the Corporation and to attest the affixing by such officer's signature. An Assistant Secretary, or if there be more than one, the Assistant Secretaries in the order determined by the Board of Directors (or if there be no such determination, then in the order of their election), shall, in the absence of the Secretary or in the event of the Secretary's inability or refusal to act, perform the duties and exercise the powers of the Secretary and shall perform such other duties and have such other powers as the Board of Directors may from time to time prescribe. Section 6. Treasurer. The Treasurer and/or Controller, or as directed by the Board of Directors, one or more Assistant Treasurers and/or Assistant Controllers shall have the custody of the corporate funds and securities and shall keep full and accurate accounts of receipts and disbursements in books belonging to the Corporation and shall deposit all moneys and other valuable effects in the name and to the credit of the Corporation in such depositories as may be designated by the Board of Directors. The Treasurer and/or Controller or, as directed by the Board of Directors, one or more Assistant Treasurers and/or Assistant Controllers shall disburse the funds of the Corporation as may be ordered by the Board of Directors, taking proper vouchers for such disbursements, and shall render to the president and the Board of Directors, at its regular meetings, or when the Board of Directors so requires, an account of all transactions made as Treasurer/Assistant Treasurer and/or as Controller/Assistant Controller and of the financial condition of the Corporation. If required 11 Exhibit 8-B Page 11 of 22 by the Board of Directors, the Treasurer or an Assistant Treasurer and/or the Controller or an Assistant Controller shall give the Corporation a bond (which shall be renewed every six (6) years) in such sum and with such surety or sureties as shall be satisfactory to the Board of Directors for the faithful performance of the duties of their offices and for the restoration to the Corporation, in case of their death, resignation, retirement or removal from office, of all books, papers, vouchers, money and other property of whatever kind in their possession or under their control belonging to the Corporation. The Assistant Treasurer and/or Assistant Controller, or if there shall be more than one, the Assistant Treasurers and/or Assistant Controllers in the order determined by the Board of Directors (or if there be no such determination, then in the order of their election) shall, in the absence of the Treasurer and/or Controller or in the event of his or her inability or refusal to act, perform the duties and exercise the powers of the Treasurer and/or Controller and shall perform such other duties and have such other powers as the Board of Directors may from time to time prescribe. ARTICLE VI CAPITAL STOCK Section 1. Registered Stockholders. The Corporation shall be entitled to recognize the exclusive right of a person registered on its books as the owner of shares to receive dividends, and to vote as such owner, and to hold liable for calls and assessments a person registered on its books as the owner of shares, and shall not be bound to recognize any equitable or other claim to or interest in such share or shares on the part of any other person, whether or not it shall have express or other notice thereof, except as otherwise provided by the laws of the State of Delaware. Section 2. Certification. Shares of capital stock may be certificated at the discretion of the Board of Directors. If certificated, then every holder of capital stock in the 12 Exhibit 8-B Page 12 of 22 Corporation shall receive a certificate, signed by, or in the name of the Corporation, by the President or the Vice President and by the Treasurer or an Assistant Treasurer and/or the Controller or an Assistant Controller, or by the Secretary or an Assistant Secretary of the Corporation, certifying the number of shares owned by him in the Corporation. Any of or all the signatures on the certificate may be facsimile. In case any officer, transfer agent or registrar who has signed or whose facsimile signature has been placed upon a certificate shall have ceased to be such officer, transfer agent or registrar before such certificate is issued, it may be issued by the Corporation with the same effect as if he were such officer, transfer agent or registrar at the date of issue. Section 3. Lost Certificates. The Board of Directors may direct a new certificate or certificates to be issued in place of any certificate or certificates theretofore issued by the Corporation alleged to have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the person claiming the certificate of stock to be lost, stolen or destroyed. When authorizing such issue of a new certificate or certificates, the Board of Directors may, in its discretion and as a condition precedent to the issuance thereof, require the owner of such lost, stolen or destroyed certificate or certificates, or his legal representative, to advertise the same in such manner as it shall require and/or to give the Corporation a bond in such sum as it may direct as indemnity against any claim that may be made against the Corporation with respect to the certificate alleged to have been lost, stolen or destroyed. Section 4. Transfers of Stock. Upon surrender to the Corporation or the transfer agent of the Corporation of a certificate for shares duly endorsed or accompanied by proper evidence of succession, assignment or authority to transfer, it shall be the duty of the Corporation to issue a new certificate to the person entitled thereto, cancel the old certificate and record the transaction upon its books. 13 Exhibit 8-B Page 13 of 22 Section 5. Record Date. In order that the Corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment thereof, or to express consent to corporate action in writing without a meeting, or entitled to receive payment of any dividend or other distribution or allotment of any rights, or entitled to exercise any rights in respect of any change, conversion or exchange of stock or for the purpose of any other lawful action, the Board of Directors may fix, in advance, a record date, which shall not be more than sixty (60) nor less than ten (10) days before the date of such meeting, nor more than sixty (60) days prior to any other action. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting; provided, however, that the Board of Directors may fix a new record date for the adjourned meeting. Section 6. Dividends. Dividends upon the capital stock of the Corporation, subject to the provisions of the Certificate of Incorporation. if any, may be declared by the Board of Directors at any regular or special meeting, or by written consent, pursuant to law. Dividends may be paid in cash, in property, or in shares of the capital stock, subject to the provisions of the Certificate of Incorporation. Before payment of any dividend, there may be set aside out of any funds of the Corporation available for dividends such sum or sums as the directors from time to time, in their absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the Corporation, or for such other purpose as the directors shall think conducive to the interest of the Corporation, and the directors may modify or abolish any such reserve in the manner in which it was created. 14 Exhibit 8-B Page 14 of 22 ARTICLE VII INDEMNIFICATION Section 1. Right to Indemnification. The Corporation shall to the fullest extent permitted by applicable law as then in effect indemnity any person (the "Indemnitee") who was or is involved in any manner (including, without limitation, as a party or a witness) or is threatened to be made so involved in any threatened, pending or completed investigation, claim, action, suit or proceeding, whether civil, criminal, administrative or investigative (including without limitation, any action, suit or proceeding by or in the right of the Corporation to procure a judgment in its favor) (a "Proceeding") by reason of the fact that such person is or was a director, officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise (including without limitation, any employee benefit plan) against all expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such Proceeding. Such indemnification shall be a contract right and shall include the right to receive payment of any expenses (including attorney's fees) incurred by the Indemnitee in connection with such Proceeding in advance of its final disposition, consistent with the provisions of applicable law as then in effect. Section 2. Insurance, Contracts and Funding. The Corporation may purchase and maintain insurance to protect itself and any indemnitee against any expenses, judgments, fines and amounts paid in settlement as specified in Section 1 of this Article VII or incurred by an Indemnitee in connection with any proceeding referred to in Section 1 of this Article VII, to the fullest extent permitted by applicable law as then in effect. The Corporation may enter into contracts with any director, officer, employee or agent of the Corporation or use 15 Exhibit 8-B Page 15 of 22 other means in furtherance of the provisions of this Article VII to ensure the payment of such amounts as may be necessary to effect indemnification as provided in this Article VII. Section 3. Indemnification: Not Exclusive Right. The right of indemnification provided in this Article VIII shall not be exclusive of any other rights to which those seeking indemnification may otherwise be entitled, and the provisions of this Article VII shall inure to the benefit of the heirs and legal representatives of any person entitled to indemnity under this Article VII and shall be applicable to Proceedings commenced or continuing after the adoption of this Article VII, whether arising from acts or omissions occurring before or after such adoption. Section 4. Advancement of Expenses: Procedures: Presumptions and Effect of Certain Proceedings: Remedies. In furtherance but not in limitation of the foregoing provisions, the following procedures, presumptions and remedies shall apply with respect to advancement of expenses and the right to indemnification under this Article VII: (a) Advance of Expenses. All reasonable expenses (including attorney's fees) incurred by or on behalf of the Indemnitee in connection with any Proceeding shall be advanced to the Indemnitee by the Corporation within twenty (20) days after the receipt by the Corporation of a statement or statements from the Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements shall reasonably evidence the expenses incurred by the Indemnitee and, if required by law at the time of such advance, shall include or be accompanied by an undertaking by or on behalf of the Indemnitee to repay the amounts advanced if it should ultimately be determined that the Indemnitee is not entitled to be indemnified against such expenses pursuant to this Article VII. 16 Exhibit 8-B Page 16 of 22 (b) Procedure for Determination of Entitlement to Indemnification. (i) To obtain indemnification under this Article VII, an Indemnitee shall submit to the secretary of the Corporation a written request, including such documentation and information as is reasonably available to the Indemnitee and reasonably necessary to determine whether and to what extent the Indemnitee is entitled to indemnification (the "Supporting Documentation"). The determination of the Indemnitee's entitlement to indemnification shall be made not later than sixty (60) days after receipt by the Corporation of the written request for indemnification together with Supporting Documentation. The secretary of the Corporation shall advise the Board of Directors in writing, promptly upon receipt of such a request for indemnification, that the Indemnitee has requested indemnification. (ii) The Indemnitee's entitlement to indemnification under this Article VII shall be determined in one of the following ways: (A) by a majority vote of the Disinterested Directors (as hereinafter defined), whether or not they constitute a quorum of the Board of Directors; (B) by a written opinion of Independent Counsel (as hereinafter defined) if (x) a Change of Control (as hereinafter defined) shall have occurred and the Indemnitee so requests or (y) a majority of such Disinterested Directors so directs; (C) by the stockholders of the Corporation (but only a majority of the Disinterested Directors present the issue of entitlement to indemnification to the stockholders for their determination); or (D) as provided in Section 4(c) of this Article VII. (iii) In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 4(b)(ii) of this Article VII, a majority of the Board of Directors shall select the Independent Counsel, but only an Independent Counsel to which the Indemnitee does not reasonably object; provided, however, that if a Change of Control shall have occurred, the Indemnitee shall select such Independent Counsel, but only an Independent Counsel to which the Board of Directors does not reasonably object. 17 Exhibit 8-B Page 17 of 22 (iv)The only basis upon which a finding of no entitlement to indemnification may be made is that indemnification is prohibited by law. (c) Presumptions and Effect of Certain Proceedings. Except as otherwise expressly provided in this Article VII, if a Change of Control shall have occurred, the Indemnitee shall be presumed to be entitled to indemnification under this Article VII upon submission of a request for indemnification together with the Supporting Documentation in accordance with Section 4(b)(i) of this Article VII, and thereafter the Corporation shall have the burden of proof to overcome that presumption in reaching a contrary determination. In any event, if the person or persons empowered under Section 4(b) to determine entitlement to indemnification shall not have been appointed or shall not have made a determination within sixty (60) days after receipt by the Corporation of the request therefor together with the Supporting Documentation, the Indemnitee shall be deemed to be entitled to indemnification, and the Indemnitee shall be entitled to such indemnification unless the Indemnitee misrepresented or failed to disclose a material fact in making the request for indemnification or in the Supporting Documentation or such indemnification is prohibited by law. The termination of any Proceeding described in Section 1 of this Article VII, or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not of itself adversely affect the right of the Indemnitee to indemnification or create a presumption that the Indemnitee did not act in good faith and in a manner which the Indemnitee reasonably believed to be in or not opposed to the best interests of the Corporation or, with respect to any criminal Proceeding, that the Indemnitee had reasonable cause to believe that the Indemnitee's conduct was unlawful. (d) Remedies of Indemnitee. (i) In the event that a determination is made pursuant to Section 4(b) or Section 4(c) of this Article VII that the Indemnitee is not entitled to indemnification under 18 Exhibit 8-B Page 18 of 22 this Article VII, (A) the Indemnitee shall be entitled to seek an adjudication of his entitlement to such indemnification either, at the Indemnitee's sole option, in (x) an appropriate court of the State of Delaware or any other court of competent jurisdiction or (y) an arbitration to be conducted by a single arbitrator pursuant to the rules of the American Arbitration Association; (B) any such judicial proceeding or arbitration shall be de novo and the Indemnitee shall not be prejudiced by reason of such adverse determination. and (C) in any such judicial proceeding or arbitration, the Corporation shall have the burden of proving that the Indemnitee is not entitled to indemnification under this Article VII. (ii)If pursuant to Section 4(b) or Section 4(c) of this Article VII a determination shall have been made or deemed to have been made that the Indemnitee is entitled to indemnification, the Corporation shall be obligated to pay the amounts constituting such indemnification within five (5) days after such determination has been made or is deemed to have been made and shall be conclusively bound by such determination unless (A) the Indemnitee misrepresented or failed to disclose a material fact in making the request for indemnification or in the Supporting Documentation or (B) such indemnification is prohibited by law. In the event that (x) advancement of expenses is not timely made pursuant to Section 4(a) of this Article VII or (y) payment of indemnification is not made within five (5) days after a determination of entitlement to indemnification has been made or deemed to have been made pursuant to Section 4(b) or Section 4(c) of this Article VIII the Indemnitee shall be entitled to seek judicial enforcement of the Corporation's obligation to pay to the Indemnitee such advancement of expenses or indemnification. Notwithstanding the foregoing, the Corporation may bring an action in an appropriate court in the State of Delaware or any other court of competent jurisdiction, contesting the right of the Indemnitee to receive indemnification hereunder due to the occurrence of an event described in subclause (A) or (B) of this clause (ii) (a "Disqualifying Event"); provided, however, that in any such action the Corporation shall have the burden of proving the occurrence of such Disqualifying Event. 19 Exhibit 8-B Page 19 of 22 (iii) The Corporation shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 4(d) that the procedures and presumptions of this Article VII are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Corporation is bound by all the provisions of this Article VII (iv) In the event that pursuant to this Section 4(d) the Indemnitee seeks a judicial adjudication of or an award in arbitration to enforce the Indemnitee's rights under, or to recover damages for breach of, this Article VII, the Indemnitee shall be entitled to recover from the Corporation, and shall be indemnified by the Corporation against any expenses actually and reasonably incurred by the Indemnitee if the Indemnitee prevails in such judicial adjudication or arbitration. If it shall be determined in such judicial adjudication or arbitration that the Indemnitee is entitled to receive part but not all of the indemnification or advancement of expenses sought, the expenses incurred by the Indemnitee in connection with such judicial adjudication or arbitration shall be prorated accordingly. (e) Definitions. For purposes of this Section 4: (i) "Change in Control" means (A) so long as the Public Utility Holding Company Act of 1935 is in effect, any "company" becoming a "holding company" in respect to the Corporation or any determination by the Securities and Exchange Commission that any "person" should be subject to the obligations, duties, and liabilities if imposed by said Holding Company Act by virtue or his, hers or its influence over the management or policies of the Corporation, or (B) whether or not said Holding Company Act is in effect, a change in control of the Corporation of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934 (the "Act"), whether or not the Corporation is then subject to such reporting requirement: provided that, without limitation, such a change in control shall be deemed to have occurred if (i) any "person" (as such term is used in Section 13(d) 20 Exhibit 8-B Page 20 of 22 and 14(d) of the Act) is or becomes the "beneficial owner" (as defined in Rule 13d-3 under the Act), directly or indirectly, of securities of the Corporation representing 1O% or more of the combined voting power of the Corporation's then outstanding securities without the prior approval of at least two-thirds of the members of the Board of Directors in office immediately prior to such acquisition: (ii) the Corporation is a party to a merger, consolidation, sale of assets or other reorganization, or a proxy contest, as a consequence of which members of the Board of Directors in office immediately prior to such transaction or event constitute less than a majority of the Board of Directors thereafter; or (iii) during any period of two (2) consecutive years, individuals who at the beginning of such period constituted the Board of Directors (including for this purpose any new director whose election or nomination for election by the Corporation's stockholders was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of such period) cease for any reason to constitute at least a majority of the Board of Directors. (ii) "Disinterested Director" means a director of the Corporation who is not or was not a party to the Proceeding in respect of which indemnification is sought by the Indemnitee. (iii) "Independent Counsel" means a law firm or a member of a law firm that neither presently is, nor in the past five (5) years has been, retained to represent: (A) the Corporation or the Indemnitee in any matter material to either such party or (B) any other party to the Proceeding giving rise to a claim for indemnification under this Article VII. Notwithstanding the foregoing, the term "Independent Counsel" shall not include any person who, under the applicable standards of professional conduct then prevailing under the law of the State of Delaware, would have a conflict of interest in representing either the Corporation or the Indemnitee in an action to determine the Indemnitee's rights under this Article VII. 21 Exhibit 8-B Page 21 of 22 Section 5. Severability. If any provision or provisions of this Article VII shall be held to be invalid, illegal or unenforceable for any reason whatsoever; (i) the validity, legality and enforceability of the remaining provisions of this Article VII (including, without limitation, all portions of any paragraph of this Article VII containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; and (ii) to the fullest extent possible, the provisions of this Article VII (including, without limitation, all portions of any paragraph of this Article VII containing any such provision held to be invalid, illegal or unenforceable that are not themselves invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable. Section 6. Successor Laws, Regulations and Agencies. Reference herein to laws, regulations or agencies shall be deemed to include all amendments thereof, substitutions therefor and successors thereto. ARTICLE VIII GENERAL PROVISIONS Section 1. Checks. All checks or demands for money and notes of the Corporation shall be signed by such officer or officers or such other person or persons as the Board of Directors may from time to time designate. Section 2. Fiscal Year. The fiscal year of the Corporation begins on the first day of January and ends on the thirty-first day of December in each year. Section 3. Seal. The corporate seal shall have inscribed thereon the name of the Corporation, the year of its organization and the words "Corporate Seal, Delaware." The seal 22 Exhibit 8-B Page 22 of 22 may be used by causing it or a facsimile thereof to be impressed or affixed or reproduced or otherwise. Section 4. Amendments. These Bylaws may be altered, amended or repealed or new Bylaws may be adopted by the stockholders or by the Board of Directors, when such power is conferred upon the Board of Directors by the Certificate of Incorporation, at any regular meeting of the stockholders or of the Board of Directors or at any special meeting of the stockholders or of the Board of Directors if notice of such alteration, amendment, repeal or adoption of new Bylaws be contained in the notice of such special meeting. Adopted as of: August 7, 1997. EX-99.9A 5 CERTIFICATE OF AMENDMENT OC CLNG CORP 1 Exhibit 9-A Page 1 of 2 CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORPORATION OF CLNG CORPORATION CLNG CORPORATION, a corporation organized and existing under and by virtue of the General Corporation Law of the State of Delaware, DOES HEREBY CERTIFY: FIRST: That the Board of Directors of said Corporation (the "Board"), by unanimous consent dated as of June 1, 1996, adopted resolutions proposing and declaring advisable an amendment to Part SEVENTH of the Certificate of Incorporation of said Corporation as follows: RESOLVED, that the Board of Directors finds advisable and hereby proposes to the stockholders of the Corporation that part SEVENTH of the Certificate of Incorporation of the Corporation be amended in its entirety to read as follows: "SEVENTH. For the management of the business and for the conduct of the affairs of the Corporation, it is further provided: 1. The number of directors of the Corporation shall be as from time to time shall be fixed by, or in the manner provided in , the By-Laws, and in no case shall the number be less than TWO (2). The directors need not be stockholders of the Corporation. 2. In furtherance, and not in limitation, of the powers conferred by statute, the Board of Directors is expressly authorized: (a) to make, alter or repeal by-laws of the Corporation, subject to the power of the stockholders of the corporation to alter or repeal any by-laws whether adopted by the stockholders or otherwise. (b) to exercise the powers and authorities as are provided in the By-Laws then in effect, subject to applicable limitations as provided in such By-Laws." RESOLVED, FURTHER, that the foregoing amendment is advisable and its adoption is in the best interests of 2 Exhibit 9-A Page 2 of 2 the Corporation and its stockholders and, to effectuate the foregoing, it is hereby directed that the foregoing amendment be considered at the next annual meeting of the stockholders, unless earlier approved by written consent in accordance with Section 228 of the Delaware General Corporation Law; and RESOLVED FURTHER, that after approval of such amendments by the stockholders of the Corporation, the officers of the Corporation be, and they hereby are, authorized and directed to execute, acknowledge and file with the Secretary of State of the State of Delaware a Certificate of Amendment to evidence the foregoing amendments to the Corporation's Restated Certificate of Incorporation." SECOND: That thereafter, by resolution, the Board declared said amendment to be advisable and its adoption to be in the best interests of the Corporation and its stockholders and, to effectuate the foregoing, the Board directed that said amendment be considered at the next annual meeting of the stockholders, unless otherwise approved by written consent in accordance with Section 228 of the Delaware General Corporation Law. THIRD: That in lieu of a meeting and vote of the stockholders, Columbia LNG Corporation, being the holder of all of the outstanding stock of the Corporation and therefore having not less than the minimum number of votes that would be necessary to authorize or take action at a meeting at which all shares entitled to vote thereon were present and voted, approved said amendment by written Consent dated as of June 3, 1996, in accordance with the provisions of Section 228(a) of the General Corporation Laws of the State of Delaware. FOURTH: That said amendment was duly adopted in accordance with the applicable provisions of Sections 242 and 228 of the General Corporation Law of the State of Delaware. IN WITNESS WHEREOF, CLNG Corporation has caused this Certificate to be signed by L. Michael Bridges, its President and attested by Tejinder S. Bindra, its Secretary, this ____ th day of _______, 1997. By: -------------------------------------- President ATTEST: -------------------------------------- Secretary EX-99.10B 6 BYLAWS OF HAWG HAULING AND DISPOSAL 1 Exhibit 10-B Page 1 of 13 BYLAWS OF HAWG HAULING AND DISPOSAL, INC. ARTICLE I. OFFICES The principal offices of the Corporation shall be located at Route 1, Box 84A, Buckhannon, West Virginia, 26201. The Corporation may have such other offices, either within or without the State of West Virginia, as the Board of Directors may designate or as the business of the Corporation may require from time to time. ARTICLE II. SHAREHOLDERS Section 1. Annual Meeting. The annual meeting of the Shareholders shall be held on the fourth Friday in April in each year, at the hour of 10:00 A.M., local time, or at such other time on such other day within such month as shall be fixed by the Board of Directors, for the purpose of electing Directors and for the transaction of such other business as may come before the meeting. If the day fixed for the annual meeting shall be a legal holiday in the State of the principal office of the Corporation, such meeting shall be held on the next succeeding business day. Section 2. Special Meetings. Special meetings of the Shareholders, for any purpose or purposes, may be called by the Chairman of the Board, if any, President, Secretary, or by the Board of Directors, and shall be called by the President at the request of the holders of not less than one-tenth (1/10) of all outstanding shares of the Corporation entitled to vote at the meeting. Section 3. Place of Meeting. The Board of Directors may designate any place, either within or without the State of West Virginia, as the place of meeting for any annual meeting or for any special meeting called by the Board of Directors. If no designation is made, or if a special meeting be otherwise called, the place of meeting shall be the principal office of the Corporation. 2 Exhibit 10-B Page 2 of 13 Section 4. Action by Conference Telephone or Electronic Communication. One or more Shareholders may participate and vote on any corporate action at a meeting of the Shareholders by means of conference telephone or similar electronic communications equipment by means of which all persons participating in the meeting can hear each other. Whenever a vote of the Shareholders is required or permitted in connection with any corporate action, such vote may be taken orally during the electronic conference. Any agreement reached during any such conference shall have like effect and validity as though the action were duly taken by the action of the Shareholders at a meeting of Shareholders if the agreement is reduced to writing and approved by the Shareholders at the next regular meeting of the Shareholders after the conference. Section 5. Notice of Meeting. Written notice stating the place, day and hour of the meeting and, in case of a special meeting, the purpose or purposes for which the meeting is called, shall be delivered not less than ten (10) nor more than fifty (50) days before the date of the meeting, either personally or by mail, by or at the direction of the Chairman of the Board, if any, President, Secretary or the officer or other persons calling the meeting, to each Shareholder of record entitled to vote at such meeting. If mailed, such notice shall be deemed to be delivered when deposited in the United States mail, addressed to the Shareholder at his address as it appears on the Stock Transfer Books of the Corporation, with postage thereon prepaid. Section 6. Closing of Transfer Books or Fixing of Record Date. For the purpose of determining Shareholders entitled to notice of or vote at any meeting of Shareholders or any adjournment thereof, or Shareholders entitled to receive payment of any dividend, or in order to make a determination of Shareholders for any other proper purpose, the Board of Directors of the Corporation may provide that the Stock Transfer Books shall be closed for a stated period but not to exceed, in any case, fifty (50) days. If the Stock Transfer Books shall be closed for the purpose of determining Shareholders entitled to notice of or to vote at a meeting of Shareholders, such books shall be closed for at least ten (10) days immediately preceding such meeting. In lieu of closing the Stock Transfer Books, the Board of Directors may fix in advance a date as the record date for any such determination of Shareholders, such date in any case to be not more than fifty (50) days and, in case of a meeting of Shareholders, not less than ten (10) days prior to the date on which the particular action, requiring such determination of Shareholders, is to be taken. If the Stock Transfer Books are not closed and no record date is fixed for the determination of Shareholders entitled to notice of or to vote at a meeting of Shareholders, or Shareholders entitled to receive payment of a dividend, the date on which notice of the meeting is mailed or the date on which the resolution of the Board of Directors declaring such dividend is adopted, as the case may be, shall be the record date for such determination of Shareholders. When a determination of Shareholders entitled to vote at any meeting or Shareholders has been made as provided in this section, such determination shall apply to any adjournment thereof. 3 Exhibit 10-B Page 3 of 13 Section 7. Voting Record. The Officer or agent having charge of the Stock Transfer Books for shares of the Corporation shall make a complete record of the Shareholders entitled to vote at each meeting of Shareholders or any adjournment thereof, arranged in alphabetical order, with the address of and the number of shares held by each. Such record shall be produced and kept open at the time and place of the meeting and shall be subject to inspection by any Shareholder during the whole time of the meeting for the purposes thereof. Section 8. Quorum. A majority of the outstanding shares of the Corporation entitled to vote, represented in person or by proxy, shall constitute a quorum at a meeting of Shareholders. If less than a majority of the outstanding shares are represented at a meeting, a majority of the shares so represented may adjourn the meeting from time to time without further notice. At such adjourned meeting at which a quorum shall be present or represented, any business may be transacted which might have been transacted at the meeting as originally noticed. The Shareholders present at a duly organized meeting may continue to transact business until adjournment, notwithstanding the withdrawal of enough Shareholders to leave less than a quorum. Section 9. Proxies. At all meeting of Shareholders, a shareholder may vote in person or by proxy executed in writing by the Shareholder or by his duly authorized attorney-in-fact. Such proxy shall be filed with the Secretary of the Corporation before or at the time of the meeting. No proxy shall be valid after eleven (11) months from the date of its execution, unless otherwise provided in the proxy. Section 10. Voting of Shares. Each outstanding share entitled to vote shall be entitled to one vote upon each matter submitted to a vote at a meeting of Shareholders. Section 11. Voting of Shares by Certain Holders. Shares standing in the name of another corporation may be voted by such officer, agent or proxy as the bylaws of such corporation may prescribe, or, in the absence of such provision, as the board of directors of such other corporation may determine. Shares held by an administrator, executor, guardian, committee, curator or conservator may be voted by him, either in person or by proxy, without a transfer of such shares into his name. Shares standing in the name of a trustee may be voted by him, either in person or by proxy, but no trustee shall be entitled to vote shares held by him without a transfer of such shares into his name. 4 Exhibit 10-B Page 4 of 13 Shares standing in the name of a receiver may be voted by such receiver, and shares held by or under the control of a receiver may be voted by such receiver without the owner thereof into his name if authority so to do be contained in an appropriate Order of the Court by which such receiver was appointed. A Shareholder whose shares are pledged shall be entitled to vote such shares until the shares have been transferred into the name of the pledgee, and thereafter the pledgee shall be entitled to vote the shares so transferred. Neither treasury shares of its own stock held by the Corporation, nor shares held by another corporation if a majority of the shares entitled to vote for the election of directors of such other corporation are held by the Corporation, shall be voted at any meeting or counted in determining the total number of outstanding shares at any given time for purposes of any meeting. Section 12. Waiver of Notice. Notice of the time, place or purpose of any meeting of the Shareholders may be dispensed with as to a Shareholder who shall attend either in person or by proxy, and as to an absent Shareholder who shall, in writing, filed with the records of the meeting either before or after the holding thereof, waive such notice. Section 13. Information by Shareholders. Any action required or permitted to be taken at a meeting of the Shareholders may be taken without a meeting if a consent in writing, setting forth the action so taken, shall be signed by all of the Shareholders entitled to vote with respect to the subject matter thereof. ARTICLE III. BOARD OF DIRECTORS Section 1. General Powers. The business, property and affairs of the Corporation shall be managed by its Board of Directors. Section 2. Number, Tenure and Qualifications. The number of Directors of the Corporation shall be not less than one (1) nor more than five (5). Each Director shall hold office until the next annual meeting of Shareholders and until his successor shall have been elected and qualified or until his prior death, resignation or removal. Directors need not be residents of the State of West Virginia, or Shareholders of the Corporation. 5 Exhibit 10-B Page 5 of 13 Section 3. Regular Meetings. A regular meeting of the Board of Directors shall be held without other notice than this Bylaw immediately after, and at the same place as, the annual meeting of Shareholders. The Board of Directors may provide, by resolution, the time and place, either within or without the State of West Virginia, for the holding of additional regular meetings without other notice than such resolution. Section 4. Special Meetings. Special meetings of the Board of Directors may be called by or at the request of the President or any Director. The person or persons authorized to call special meetings of the Board of Directors may fix any place, either within or without the State of West Virginia, as the place for holding any special meeting of the Board of Directors called by them. Section 5. Action By Conference Telephone or Electronic Communication. One or more Directors may participate and vote on any corporate action at a meeting of the Board of Directors by means of conference telephone or similar electronic communications equipment by means of which all persons participating in the meeting can hear each other. Whenever a vote of the Directors is required or permitted in connection with any corporate action, such vote may be taken orally during the electronic conference. Any agreement reached during any such conference shall have like effect and validity as though the action were duly taken by the action of the Directors at a meeting of the Board of Directors if the agreement is reduced to writing and approved by the Directors at the next regular meeting of the Board of Directors after the conference. Section 6. Notice. Waiver of Notice. Notice of any special meeting shall be given at least three (3) days previously thereto by written notice delivered personally or mailed to each Director at his business address, or by telegram. If mailed at least five (5) days prior to the date of meeting, such notice shall be deemed to be delivered when deposited in the United States mail, so addressed, with postage thereon prepaid. If notice be given by telegram, such notice shall be deemed to be delivered when the telegram is delivered to the telegraph company. Any Director may waive notice of any meeting either before or after the holding thereof. The attendance of a Director at a meeting shall constitute a waiver of notice of such meeting, except where a Director attends a meeting for the express purpose of objecting to the transaction of any business because the meeting is not lawfully called or convened. Neither the business to be transacted at, nor the purpose of, any regular or special meeting of the Board of Directors need be specified in the notice of waiver of notice of such meeting, except as otherwise provided by statute. 6 Exhibit 10-B Page 6 of 13 Section 7. Quorum. The quorum for the transaction of business at any meeting of the Board of Directors shall consist of one (1) if the total number of Directors in office at the time of the meeting is one (1). If the total number of Directors in office at the time of the meeting is two (2), a quorum shall consist of both Directors. If the total number of Directors in office at the time of the meeting is three (3) or more, a quorum shall consist of a majority of the Directors, If less than a quorum is present at a meeting, a majority of the Directors present may adjourn the meeting from time to time without further notice. Section 8. Manner of Acting. The act of the majority of the Directors present at a meeting at which a quorum is present shall be the act of the Board of Directors. Section 9. Action Without a Meeting. Any action required or permitted to be taken by the Board of Directors at a meeting may be taken without a meeting if a consent in writing, setting forth the action so taken, shall be signed by all of the Directors. Section 10. Committees. The Board of Directors, by resolution adopted by a majority of the Board of Directors, may designate from among its members an executive committee and/or one or more other committees each of which shall have such powers and authority (to the extent permitted by law) as may be provided in such resolution. Each such committee shall serve at the pleasure of the Board of Directors. Section 11. Director Conflicts of Interest. No contract or other transaction between this Corporation and one or more of its Directors or any other corporation, firm, association or entity in which one or more of its directors are Directors or Officers of this Corporation or are financially interested shall be either void or voidable because of such relationship or interest or because such Director or Directors are present at the meeting of the Board of Directors or a committee thereof which authorizes, approves or ratifies such contract or transaction or because his or their votes are counted for such purpose, if: (a) The fact of such relationship or interest is disclosed or known to the Board of Directors or committee which authorizes, approves or ratifies such contract or transaction by a vote or consent sufficient for the purpose without counting the votes or consents of such interested Directors; or (b) The fact of such relationship or interest is disclosed or known to the Shareholders entitled to vote and they authorize, approve or ratify such contract or transaction by vote or written consent; or 7 Exhibit 10-B Page 7 of 13 (c) The contract or transaction is fair and reasonable to the Corporation. Common or interested Directors may be counted in determining the presence of a quorum at a meeting of the Board of Directors or a committee thereof which authorizes, approves or ratifies such contract or transaction. On any question involving the authorization, approval or ratification of any such contract or transaction, the names of those Directors or Shareholders, as the case may be, voting each way shall be entered on the record of the proceedings. Section 12. Removal. Any Director or Directors may be removed, either with or without cause, at any time, by the vote of the Shareholders holding a majority of the shares then issued and outstanding and who were entitled to vote for the election of the Director or Directors sought to be removed, at any special meeting of the Shareholders called for that purpose. Section 13. Resignation. Any Director may resign at any time by giving written notice to the Board of Directors, the President or the Secretary. Unless otherwise specified in such written notice, such resignation shall take effect upon receipt thereof by the Board of Directors or such Officer, and the acceptance of such resignation shall not be necessary to make it effective. Section 14. Vacancies. Any vacancy occurring in the Board of Directors may be filled by the affirmative vote of a majority of the remaining Directors, even though less than a quorum of the Board of Directors. A Director elected to fill a vacancy shall be elected for the unexpired term of his predecessor in office. Any Directorship to be filled by reason of an increase in the number of Directors may be filled by election by the Board of Directors for a term of office continuing only until the next election of Directors by the Shareholders. Section 15. Compensation. By resolution of the Board of Directors, each Director may be paid his expenses, if any, of attendance at each meeting of the Board of Directors, or committee thereof, and may he paid a stated salary as Director or a fixed sum for attendance at each meeting of the Board of Directors or committee thereof or both. No such payment shall preclude any Director from serving the Corporation in any other capacity and receiving compensation therefor. Section 16. Presumption of Assent. A Director of the Corporation who is present at a meeting of the Board of Directors at which action on any corporate matter is taken shall be presumed to have assented to the action taken unless his dissent shall be entered in the minutes of the meeting 8 Exhibit 10-B Page 8 of 13 or unless he shall file his written dissent to such action with the person acting as the Secretary of the meeting before the adjournment thereof or shall forward such dissent by registered mail to the Secretary of the Corporation immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Director who voted in favor of such action. ARTICLE IV. OFFICERS Section 1. Number. The Officers of the Corporation shall be a President, one or more Vice Presidents (the number thereof to be determined by the Board of Directors), a Secretary, and a Treasurer, each of whom shall be elected by the Board of Directors. A Chairman of the Board of Directors and such other Officers and Assistant Officers as may be deemed necessary may be elected or appointed by the Board of Directors. Any two or more offices may be held by the same person, except the offices of President and Secretary. The President and the Chairman of the Board, if any, shall be elected from the membership of the Board of Directors, but the other Officers need not be Directors. Section 2. Election and Term of Office. The Officers of the Corporation to be elected by the Board of Directors shall be elected annually by the Board of Directors at the first meeting of the Board of Directors held after each annual meeting of the Shareholders. If the election of Officers shall not be held at such meeting, such election shall be held as soon thereafter as conveniently may be. Each Officer shall hold office until his successor shall have been duly elected and shall have qualified or until his prior death, resignation or removal. Section 3. Removal. Any Officer may be removed, with or without cause, at any time, by the vote of a majority of the Board of Directors. Section 4. Resignation. Any Officer may resign at any time by giving written notice to the Board of Directors, the President or the Secretary. Unless otherwise specified in such written notice, such resignation shall take effect upon receipt thereof by the Board of Directors or such Officer, and the acceptance of such resignation shall not be necessary to make it effective. Section 5. Vacancies. A vacancy in any office because of death, resignation, removal, disqualification or otherwise, may be filled by the Board of Directors for the unexpired portion of the term. 9 Exhibit 10-B Page 9 or 13 Section 6. Chairman of the Board and President. The Chairman of the Board or the President, as the Board of Directors may from time to time determine, shall be the principal executive officer of the Corporation. The principal executive officer of the Corporation shall in general supervise and control all of the business and affairs of the Corporation, subject to the control of the Board of Directors. He shall, when present, preside at all meetings of the Shareholders. Whether the Chairman of the Board or the President be designated as the principal executive officer of the Corporation the other shall, in the absence or incapacity of the principal executive officer or by his authority may, exercise any of the powers of the principal executive officer. The Chairman of the Board or the President may sign deeds, mortgages, bonds, contracts, or other instruments which the Board of Directors has authorized to be executed, except in cases where the signing and executing thereof shall be expressly delegated by the Board or by these Bylaws to some other Officer or agent of the Corporation, or shall be required by law to be otherwise signed or executed. The Chairman of the Board and the President shall each, in general, perform all duties incident to their respective offices and shall perform such other duties as may be prescribed by the Board of Directors from time to time. Section 7. The Vice President. In the absence of the Chairman of the Board and President or in the event of their death, inability or refusal to act, the Vice President (or in the event there may be more than one Vice President, the Vice Presidents in the order designated at the time of their election, or in the absence of any designation, then in the order of their election) shall perform the duties of the Chairman of the Board and President, and when so acting, shall have all the powers of and be subject to all the restrictions upon the Chairman of the Board and President. Any Vice President may sign, with the Secretary or an Assistant Secretary, certificates for shares of the Corporation; and shall perform such other duties as from time to time may be assigned to him by the principal executive officer of the Corporation, the Bylaws or the Board of Directors. Section 8. The Secretary. The Secretary shall: (a) keep the minutes of the proceedings of the Shareholders and of the Board of Directors in one or more books provided for that purpose; (b) see that all notices are duly given in accordance with the provisions of these Bylaws or as required by law; (c) be custodian of the corporate records and of the seal of the Corporation and see that the seal of the Corporation is affixed to all documents, the execution of which on behalf of the Corporation under its seal is duly authorized; (d) keep a register of the post office address of each Shareholder which shall be furnished to the Secretary by such Shareholder; (3) sign with the President, or a Vice President, certificates for shares of the Corporation, the issuance of which shall have been authorized by resolution of the Board of Directors; (f) have general charge of the Stock Transfer Books of the Corporation; and (g) in general perform all duties incident to the office of Secretary and such other duties as from time to time may be assigned to him by the principal executive officer of the Corporation, the Bylaws or by the Board of Directors. 10 Exhibit 10-B Page 10 of 13 Section 9. The Treasurer. The Treasurer shall: (a) have charge and custody of and be responsible for all funds and securities of the Corporation; (b) receive and give receipts for moneys due and payable to the Corporation from any source whatsoever, and deposit all such moneys in the name of the Corporation in such banks, trust companies or other depositories as shall be selected in accordance with the provisions of Article V of these Bylaws; and (c) in general perform all of the duties incident to the office of Treasurer and such other duties as from time to time may be assigned to him by the principal executive officer of the Corporation, the Bylaws or by the Board of Directors. If required by the Board of Directors, the Treasurer shall give bond for the faithful discharge of his duties in such sum and with such surety or sureties as the Board of Directors shall determine. Section 10. Assistant Secretaries and Assistant Treasurers. The Assistant Secretaries, when authorized by the Board of Directors, may sign with the President or a Vice President certificates for shares of the Corporation the issuance of which shall have been authorized by a resolution of the Board of Directors. The Assistant Treasurers shall respectively, if required by the Board of Directors, give bonds for the faithful discharge of their duties in such sums and with such sureties as the Board of Directors shall determine. The Assistant Secretaries and Assistant Treasurers, in general, shall perform such duties as shall be assigned to them by the Secretary or the Treasurer, respectively, or by the principal executive officer of the Corporation, the Bylaws or by the Board of Directors. Section 11. Officers' Salaries. The salaries of the Officers shall be fixed from time to time by the Board of Directors and no Officer shall be prevented from receiving such salary by reason of the fact that he is also a Director of the Corporation. ARTICLE V. CONTRACTS, LOANS, CHECKS AND DEPOSITS Section 1. Contracts. The Board of Directors may authorize any Officer or Officers, agent or agents, to enter into any contract or execute and deliver any instrument in the name of and on behalf of the Corporation, and such authority may be general or confined to specific instances. Section 2. Loans. No loans shall be contracted on behalf of the Corporation and no evidences of indebtedness shall be issued in its name unless authorized by a resolution of the Board of Directors. Such authority may be general or confined to specific instances. The Board of Directors may encumber and mortgage real estate and pledge, encumber and mortgage stocks, bonds and other securities and other personal property of all types, tangible and intangible, and convey any such property in trust to secure the payment of corporate obligations. 11 Exhibit 10-B Page 11 of 13 Section 3. Checks, Drafts, Etc. All checks, drafts, or other orders for the payment of money, notes or other evidences of indebtedness issued in the name of the Corporation shall be signed by such Officer or Officers, agent or agents of the Corporation and in such manner as shall from time to time be determined by resolution of the Board of Directors. Section 4. Deposits. All funds of the Corporation not otherwise employed shall be deposited from time to time to the credit of the Corporation in such banks, trust companies or other depositories as the Board of Directors may select. ARTICLE VI. CERTIFICATES FOR SHARES AND THEIR TRANSFER Section 1. Certificates for Shares. Certificates representing shares of the Corporation shall be in such form as shall be determined by the Board of Directors. Such certificates shall be signed by the President or a Vice President and by the Secretary or an Assistant Secretary and sealed with the Corporate Seal or a facsimile thereof. The signatures of such Officers upon a certificate may be facsimiles if the certificate is manually signed on behalf of the transfer agent or a registrar, other than the Corporation itself or one of its employees. Each certificate for shares shall be consecutively numbered or otherwise identified. The name and address of the person to whom the shares represented thereby are issued, with the number of shares and date of issue, shall be entered on the Stock Transfer Books of the Corporation. All certificates surrendered to the Corporation for transfer shall be cancelled and no new certificates shall be issued until the former certificate for a like number of shares shall have been surrendered and cancelled, except that in case of a lost, destroyed or mutilated certificate a new one may be issued therefor upon such terms and indemnity to the Corporation as the Board of Directors may prescribe. Section 2. Transfer of Shares. Transfer of shares of the Corporation shall be made only on the Stock Transfer Books of the Corporation by the holder of record thereof or by his legal representative, who shall furnish proper evidence of authority to transfer, or by his attorney thereunto authorized by power of attorney duly executed and filed with the Secretary of the Corporation, and on surrender for cancellation of the certificate for such shares. The person in whose name shares stand on the books of the Corporation shall be deemed by the Corporation to be the owner thereof for all purposes. Section 3. Issuance and Sale of Shares. The Board of Directors may from time to time issue, or provide for the issuance of, the authorized shares of the Corporation for money at not less than the par value thereof. Shares of the Corporation shall not be sold at less than par value except when, and to the extent such sale is authorized by a resolution, specifying the number, 12 Exhibit 10-B Page 12 of 13 or maximum number of shares to be so sold, and the sale price, or minimum sale price, passed at any meeting of the Shareholders by a vote of three-fourths (3/4) of all of the shares entitled to vote. Section 4. Issuance of Shares for Property, Etc. The Board of Directors may also from time to time issue, or provide for the issuance of, the authorized shares of the Corporation in payment wholly or partly for cash, labor done, real and/or personal property, or for the use thereof, at such price for any such labor or property or the use thereof, as may be fixed by agreement between the owner of the property and the Board of Directors, but before doing so the Board of Directors shall by resolution state its opinion of the fair value of the labor done or property received for which such shuts are to be issued. Section 5. Proceeds of Shares. The books of the Corporation shall be so kept as to show at all times what money or other consideration was received by the Corporation for the shares issued by it, and the number and par value of all shares issued. Section 6. Lost Certificates. Any person claiming a certificate of shares to be lost or destroyed shall make an affidavit or affirmation of that fact, and if requested to do so by the Board of Directors shall advertise such fact in such manner as the Board of Directors may require, and shall give the Corporation a bond of indemnity in such sum as the Board of Directors may direct, but not less than double the value of shares represented by such certificate, in form satisfactory to the Board of Directors and with or without sureties as the Board of Directors may prescribe; whereupon the President and the Secretary may cause to be issued a new certificate of the same tenor and for the same number of shares as the one alleged to have been lost or destroyed, but always subject to the approval of the Board of Directors. Section 7. Stock Transfer Books. The Stock Transfer Books of the Corporation shall be kept in the principal office of the Corporation and shares shall be transferred under such regulations as may be prescribed by the Board of Directors. ARTICLE VII. FISCAL YEAR The fiscal year of the Corporation may be fixed and may be changed from time to time by resolution of the Board of Directors. Until the Board of Directors has acted to fix such fiscal year, the fiscal year of the Corporation shall begin on the first day of January and end on the thirty-first day of December in each year. 13 ' Exhibit 10-B Page 13 of 13 ARTICLE VIII. DIVIDENDS The Board of Directors may, from time to time, declare and the Corporation may pay dividends on its outstanding shares in the manner and upon the terms and conditions provided by law and its Articles of Incorporation. ARTICLE IX. CORPORATE SEAL The Board of Directors shall provide a corporate seal which shall be circular in form and shall have inscribed thereon the name of the Corporation, the State of incorporation and the words "Corporate Seal". ARTICLE X. VOTING SHARES OF OTHER CORPORATIONS Unless otherwise ordered by the Board of Directors, shares in other corporations held by this Corporation may be voted by the Chairman of the Board or the President of this Corporation. ARTICLE XI. RELIANCE ON RECORDS Each Officer and Director shall in the performance of his duties be fully protected in relying in good faith upon the books of account and other records of this Corporation, or upon reports made to the Corporation by any of its Officers, or by any independent certified public accountant, or by an appraiser selected with reasonable care by the Board of Directors. ARTICLE XII. AMENDMENT OF BYLAWS Section 1. By the Shareholders. The Bylaws may be amended, altered, supplemented or repealed at any annual or special meeting of the Shareholders by a majority vote of all of the shares entitled to vote. Section 2. By the Directors. The Board of Directors, by a majority vote, may amend, alter, supplement and repeal the Bylaws. Any Bylaws or amendments to the Bylaws made by the Board of Directors may be amended, altered, supplemented or repealed by the Board of Directors or by the Shareholders. EX-99.12A 7 ARTICLES OF INCORPORATION OF HAWG HAULING 1 Exhibit 12-A Page 1 of 6 BOOK 54 PAGE 1007 BOOK 17 PACE 715 Filed MAR 17 1993 IN THE OFFICE OF SECRETARY OF STATE WEST VIRGINIA ARTICLES OF INCORPORATION OF HAWG HAULING & DISPOSAL, INC. I. The undersigned agrees to become a corporation by the name of HAWG HAULING & DISPOSAL, INC. II. The address of the principal Office of the Corporation will be located at Route 1, BOX 84A, Buckhannon, Upshur County, West Virginia, 26201. III. The purpose or purposes for which the Corporation is formed are as follows: 1. To collect, gather, transport, save, treat, process, store, sell, inject and dispose of water, brine, fluids and other waste products or discharge generated in the search for or production of oil, gas, natural gasoline, casing-head gas, condensate and related hydrocarbons; and to acquire, drill, convert, operate, lease, sell, assign and/or plug and abandon waste disposal wells for the injection and disposal of said water, brine, fluids and other waste products or discharge. 2. To engage in businesses and activities of all kinds without restriction, at all places within the United States for every purpose and in every manner including, but without limitation for itself as principal, agent, joint venturer, partner, lessor, lessee, consignee, wholesaler, jobber, retailer, factor, broker, distributor, dealer, franchise holder, and in every other manner and capacity, under its own name and/or under a trade name or names. 3. To purchase, hold, use, sell, exchange, dispose of, improve, lease, rent, mortgage and encumber real and 2 Exhibit 12-A Page 2 of 6 BOOK 54 PAGE 1008 BOOK 17 PAGE 716 personal property of every kind and character. 4. To borrow money and to make, accept, endorse, execute and issue notes, bonds, debentures and other obligations, without limit, and to secure the same; and to endorse, sell, discount, pledge, finance and turn to account in every manner whatsoever the notes, contracts and obligations of others without restrictions. 5. To employ, hire and appoint corporations, firms and individuals in any and all parts of the world to act as agents for the Corporation in such capacity and on such conditions that may be determined from time to time by the Board of Directors. 6. To invest and deal with the funds of this Corporation in any manner and to acquire by purchase or otherwise the stocks, bonds, debentures and other securities and obligations of any government, state, municipality, corporation, association or partnership, domestic or foreign, and, while owner of such securities or obligations, to exercise all the rights, powers and privileges of ownership, including, among other things, the right to vote thereon for any and all purposes. 7. To lend money to other persons, partnerships, associations and corporations secured by a mortgage or other lien on real estate, or pledge or security interest on personal property, or without security, but only to the extent permitted a corporation under the laws of this State. 8. To do and perform every other act and thing not inconsistent with law which may at any time seen to the Board of Directors to be directly or indirectly appropriate to promote, attain or exercise all of the objects, purposes and powers set 3 Exhibit 12-A Page 3 of 3 BOOK 17 PAGE 717 BOOK 54 PAGE 1009 forth in this Agreement and conferred by law. 9. The enumeration in this Agreement of specific objects, purposes and powers shall not be deemed to limit in any manner the general powers of the Corporation conferred by the laws of the State of West Virginia. Each object, purpose and power specified in each clause of this Agreement shall be construed as a wholly independent and separate object, purpose and power and shall not be limited by reference to or inference from any other provision of these Articles of incorporation. IV. Provisions for the regulation of the internal affairs of the Corporation are; 1. The Corporation shall indemnify each member of the Board of Directors and each officer of the Corporation now or hereafter serving as such, who was, is or is threatened to be made a party to any threatened, pending, or completed action, suit or proceeding, whether civil, criminal, administrative, or investigative (including an action by, or in the right of, the Corporation), by reason of the fact that he is or was a member of the Board of Directors, officer, or agent of the Corporation or is or was serving at the request of the Corporation as a member of the Board of Directors, officer or agent of another corporation, partnership, joint venture, trust or other enterprise. 2. Said indemnification shall be against expenses (including attorney's fees), judgments, fines, and amounts paid in settlement actually and reasonably incurred by the aforementioned individuals in connection with such action, suit or proceeding, including any appeal thereof, if they acted in good faith and in a manner reasonably believed to be in, or not opposed to, the best interest of the Corporation. 4 Exhibit 12-A Page 4 of 6 BOOK 54 PAGE 1010 BOOK 17 PAGE 718 3. No indemnification shall be made in respect to any claim, issue, or matter as to which such person shall have been adjudged in such action, suit or proceeding to be liable for gross negligence or wilful misconduct in the performance of his duties to the Corporation, except to the extent that the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability and in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses that such court shall deem proper. Indemnity with respect to any criminal action or proceeding will be provided only when the member of the Board of Directors or officer had no reasonable cause to believe his act was unlawful. 4. The amount paid to any member of the Board of Directors, officer or agent of the Corporation by way of indemnification shall not exceed the actual, reasonable and necessary expenses incurred in connection with the matter involved. The foregoing right of indemnification shall be in addition to, but not exclusive of, any other right to which such member of the Board of Directors or officer of the Corporation may otherwise be entitled by law. V. The amount of the total authorized capital stock of the Corporation shall be One Hundred Thousand Dollars ($100,000.00) which shall be divided in One Thousand (1,000) shares of the par value of One Hundred Dollars ($100.00) each. VI. The full name and address of the incorporator and the number of shares of stock subscribed for by him are as follows: 5 Exhibit 12-A Page 5 of 6 BOOK 54 PAGE 1011 BOOK 17 PAGE 719
NAME ADDRESS NO. OF SHARES ---- ------- ------------- Scott E. Wilson P.0. BOX 1716 10 Clarksburg, WV 26302-1716
VII. The existence of this Corporation is to be perpetual. VIII. The address of the initial registered office of the Corporation is Route 1, Box 84A, Buckhannon, Upshur County, West Virginia, 26201, and the name of its initial registered agent at such address is Richard R. Hoffman. IX. The number of directors constituting the initial Board of Directors of the Corporation is three and the names and addresses of the persons who are to serve as directors until the first annual meeting of the shareholders or until their successor or successors are elected and shall qualify are:
NAME ADDRESS ---- ------- John L. Schwager 200 West Main Street Clarksburg, WV 26301 Richard R. Hoffman Route 1, Box 84A Buckhannon, WV 26201 Bridget D. Furbee 200 West Main Street Clarksburg, WV 26301
X. Notice or process shall be sent to Richard R. Hoffman, Route 1, Box 84A, Buckhannon, Upshur County, West Virginia, 26201. THE UNDERSIGNED, for the purpose of forming a corporation under the laws of the State of West Virginia, does make and file this ARTICLES OF INCORPORATION, and has accordingly hereunto set his hand and seal this 15th day of March, 1993. /s/ Scott E. Wilson (SEAL) ------------------------------------ Scott E. Wilson 6 Exhibit 12-A Page 6 of 6 BOOK 54 PAGE 1012 BOOK 17 PAGE 720 STATE OF WEST VIRGINIA ) ( TO-WIT: COUNTY OF HARRISON ) I, Judy M. Osborn , a Notary Public of the said County of Harrison, do certify that Scott E. Wilson, whose name is signed to the writing above, bearing date the 15th day of March, 1993, has this day acknowledged the same before me in my said county. Given under my hand this 15th day of March, 1993. [NOTARY PUBLIC SEAL] /s/ Judy M. Osborn ------------------------ NOTARY PUBLIC March 24, 2002 ------------------------- This instrument was prepared by: WATERS, WARNER & HARRIS Scott E. Wilson 701 Goff Building P. 0. Box 1716 Clarksburg, West Virginia, 26302 [ STAMP] STATE OF WEST VIRGINIA, County of Upshur, To-Wit: [STAMP] I, Debbie Thacker Wilfong, Clerk of the County Commission of said County, do hereby certify that the foregoing writing, with certificate thereto annexed, was this day produced to me in my office and duly admitted to record. Witness my hand, /s/ Debbie Thacker Wilfong Clerk ---------------------------------------------------- EX-99.13A 8 CERTIFICATE OF FORMATION OF ENERGYNET 1 Exhibit 13-A Page 1 of 1 CERTIFICATE OF FORMATION OF ENERGYNET, L.L.C. This Certificate of Formation is being executed as of June 30, 1997, for the purpose of forming a limited liability company pursuant to the Delaware Limited Liability Company Act, 6 Del C. Sections 18-101, et seq. The undersigned, being duly authorized to execute and file this Certificate of Formation, hereby certifies as follows: A. Name. The name of the limited liability company is EnergyNet, L.L.C. (the "Company"). B. Registered Office and Registered Agent. The Company's registered office in the State of Delaware is located at 1209 Orange Street, Wilmington, Delaware 19801. The registered agent of the Company for service of process at such address is The Corporation Trust Company. C. Dissolution. The latest date on which the Company is to dissolve is December 31, 2048. D. L.L.C. Management Committee. The Company has an L.L.C. Management Committee and the business and affairs of the Company shall be managed by or under the direction of the L.L.C. Management Committee. Unless otherwise specified by the L.L.C. Management Committee, no member of the Company, in such capacity or by reason of his, her or its status, as such, shall have any right or authority to act for or to bind the Company. IN WITNESS WHEREOF, the undersigned has duly executed this Certificate of Formation as of the day and year first above written. /s/ ----------------------------------------- Organizer ENERGYNET, L.L.C. EX-99.16A 9 CONSENT IN LIEU OF SPECIAL MEETING 1 Exhibit 16-A Page 1 of 6 CONSENT IN LIEU OF A SPECIAL MEETING OF THE BOARD OF DIRECTORS OF COMMONWEALTH GAS SERVICES, INC. The undersigned, being all of the members of the Board of Directors of Commonwealth Gas Services, Inc. (the "Corporation"), hereby consent to and adopt the following resolutions in lieu of action at a Special Meeting: CHANGE OF CORPORATION'S NAME WHEREAS, the Board of Directors of the Corporation has determined that it would be advisable to amend the Certificate of Incorporation of the Corporation to change the name of the Corporation to make it consistent with its parent corporation's name. NOW, THEREFORE, the undersigned, being all of the directors of the Corporation, do unanimously agree as follows: RESOLVED, that the Board of Directors of this Corporation hereby recommends and declares it advisable that the Certificate of Incorporation of this Corporation be amended to change the name of the Corporation to Columbia Gas of Virginia, Inc. RESOLVED, FURTHER, that the foregoing amendment is advisable and its adoption is in the best interests of the Corporation and its stockholder and, to effectuate the foregoing, it is hereby directed that the foregoing amendment be considered at the next annual meeting of the stockholder unless earlier approved by written consent in accordance with Section 13.1-657 of the Code of Virginia 1950, as amended; and RESOLVED, FURTHER, that at any time prior to the filing of the foregoing amendment to the Corporation's Certificate of Incorporation with the State Corporation Commission of the Commonwealth of Virginia, notwithstanding authorization of such amendment by the stockholder of the Corporation, the Board of Directors of the Corporation may abandon such amendment without further action by the stockholder of the Corporation; and RESOLVED, FURTHER, that after approval of such amendment by the stockholder of the Corporation, the officers of the Corporation be, and they hereby are, authorized and directed to execute, acknowledge and file with the State Corporation Commission of the Commonwealth of Virginia Articles of 2 Exhibit 16-A Page 2 of 6 Attest: /s/ Andrew J. Sonderman - -------------------------------------- Secretary 3 Exhibit 16-A Page 3 of 6 Amendment to evidence the foregoing amendment to the Corporation's Certificate of Incorporation; and RESOLVED, FURTHER, that the officers of the Corporation be, and they hereby are, authorized and directed from time to time to execute any and all documents and to take any and all other actions necessary or appropriate to carry forward the foregoing resolutions. EFFECTIVE DATE RESOLVED, that the actions specified in the foregoing resolutions be, and they hereby are, made effective on and as of the effective date of this Consent. IN WITNESS WHEREOF, the foregoing constitutes the actions of the Board of Directors of the Corporation, effective as of the 16th day of January, 1998. Date signed: ------------ ----------------------------- J. Bennett Johnston ------------ ----------------------------- William E. Lavery /s/ Michael W. O'Donnell ------------ ----------------------------- Michael W. O'Donnell /s/ Oliver G. Richard III ------------ ----------------------------- Oliver G. Richard III /s/ Andrew J. Sonderman ------------ ----------------------------- Andrew J. Sonderman ------------ ----------------------------- James R. Thomas, II /s/ Anthony Trubisz, Jr. ------------ ----------------------------- Anthony Trubisz, Jr. /s/ Robert B. Wemyss ------------ ----------------------------- Robert B. Wemyss 4 Exhibit 16-A Page 4 of 6 Amendment to evidence the foregoing amendment to the Corporation's Certificate of Incorporation; and RESOLVED, FURTHER, that the officers of the Corporation be, and they hereby are, authorized and directed from time to time to execute any and all documents and to take any and all other actions necessary or appropriate to carry forward the foregoing resolutions. EFFECTIVE DATE RESOLVED, that the actions specified in the foregoing resolutions be, and they hereby are, made effective on and as of the effective date of this Consent. IN WITNESS WHEREOF, the foregoing constitutes the actions of the Board of Directors of the Corporation, effective as of the 16th day of January, 1998. Date signed: Jan 12, 1998 /s/ J. Bennett Johnston ------------ ----------------------------- J. Bennett Johnston ------------ ----------------------------- William E. Lavery ------------ ----------------------------- Michael W. O'Donnell ------------ ----------------------------- Oliver G. Richard III ------------ ----------------------------- Andrew J. Sonderman ------------ ----------------------------- James R. Thomas, II ------------ ----------------------------- Anthony Trubisz, Jr. ------------ ----------------------------- Robert B. Wemyss 5 Exhibit 16-A Page 5 of 6 Amendment to evidence the foregoing amendment to the Corporation's Certificate of Incorporation; and RESOLVED, FURTHER, that the officers of the Corporation be, and they hereby are, authorized and directed from time to time to execute any and all documents and to take any and all other actions necessary or appropriate to carry forward the foregoing resolutions. EFFECTIVE DATE RESOLVED, that the actions specified in the foregoing resolutions be, and they hereby are, made effective on and as of the effective date of this Consent. IN WITNESS WHEREOF, the foregoing constitutes the actions of the Board of Directors of the Corporation, effective as of the 16th day of January, 1998. Date signed: ------------ ----------------------------- J. Bennett Johnson /s/ William E. Lavery ------------ ----------------------------- William E. Lavery ------------ ----------------------------- Michael W. O'Donnell ------------ ----------------------------- Oliver G. Richard III ------------ ----------------------------- Andrew J. Sonderman ------------ ----------------------------- James R. Thomas, II ------------ ----------------------------- Anthony Trubisz, Jr. ------------ ----------------------------- Robert B. Wemyss EX-99.18A 10 CERTIFICATE OF AMENDMENT TRISTAR VENTURES 1 Exhibit 18-A Page 1 of 3 CERTIFICATE OF AMENDMENT OF RESTATED CERTIFICATE OF INCORPORATION OF TRISTAR VENTURES CORPORATION TRISTAR VENTURES CORPORATION, a corporation organized and existing under and by virtue of the General Corporation Law of the State OF Delaware (the "Corporation"), DOES HEREBY CERTIFY: FIRST: That the Board of Directors of the Corporation (the "Board"), BY unanimous written consent dated as of June 1, 1997, adopted resolutions proposing and declaring advisable an amendment to part FOURTH of the Restated Certificate of Incorporation of the Corporation as follows: RESOLVED, that the Board of Directors finds advisable and hereby proposes to the stockholders of the Corporation that part FOURTH of the Restated Certificate of Incorporation of the Corporation be amended in its entirety to read as follows: FOURTH. The total number of shares of stock which the corporation shall have authority to issue is Three Thousand (3,000) and the par value of each of such shares is Twenty-Five Dollars ($25.00) amounting in the aggregate to Seventy Five Thousand Dollars ($75,000). RESOLVED, FURTHER, that effective at the time of the filing of the Certificate of Amendment setting forth this amendment to the Restated Certificate of Incorporation (the "Effective Time"), each share of the common stock of the Corporation, par value $25.00 per share, issued and outstanding or held in treasury immediately prior to the Effective Time shall, without the exchange of stock certificates or the taking of any other action on the part of the Corporation or the respective holders thereof, be reclassified into one three hundred thirty three and one third (1/333 1/2) of a share of common stock of the Corporation, par value $25.00 per share, and each stock certificate that, immediately prior to the Effective Time, represented shares of such common stock shall, from and after the Effective Time, and without the necessity of presenting the same for exchange, represent one three hundred thirty three and one third (1/333 1/3) of 2 Exhibit 18-A Page 2 of 3 the number of shares designated on such stock certificate, provided, however, that after the Effective Time, upon the surrender by any stockholder of certificates bearing the number of shares of the Corporation's common stock represented by such certificate prior to the Effective Time, the officers of the Corporation be, and they hereby are, authorized and directed to issue in exchange therefor one or more new certificates bearing the number of reclassified shares of the Corporation's common stock; RESOLVED, FURTHER, that the foregoing amendment is advisable and its adoption is in the best interests of the Corporation and its stockholders and, to effectuate the foregoing, it is hereby directed that the foregoing amendment be considered at the next annual meeting of the stockholders, unless earlier approved by written consent in accordance with Section 228 of the Delaware General Corporation Law; RESOLVED, FURTHER, that after approval of such amendment by the stockholders of the Corporation and receipt of all necessary regulatory approvals, the officers of the Corporation be, and they hereby are, authorized and directed to execute, acknowledge and file with the Secretary of State of the State of Delaware a Certificate of Amendment to evidence the foregoing amendment to the Corporation's Restated Certificate of Incorporation; and RESOLVED, FURTHER, that the officers of the Corporation be, and they hereby are, authorized and directed from time to time to execute any and all documents and to take any and all other actions necessary or appropriate to carry forward the foregoing resolutions. SECOND: That thereafter, by resolution, the Board declared said amendment to be advisable and its adoption to be in the best interests of the Corporation and its stockholders and, to effectuate the foregoing, the Board directed that said amendment be considered at the next annual meeting of the stockholders, unless earlier approved by written consent in accordance with Section 228 of the Delaware General Corporation Law. THIRD: That in lieu of a meeting and vote of the stockholders, The Columbia Gas System, Inc., being the holder of the outstanding stock of the Corporation having not less than the minimum number of votes that would be necessary to authorize or take action at a meeting at which all shares entitled to vote thereon were present and voted, approved said amendment by written consent dated as of 3 Exhibit 18-A Page 3 of 3 January 15, 1997, in accordance with the provisions of Section 228(a) of the General Corporation Laws of the State of Delaware. FOURTH: That said amendment was duly adopted in accordance with the applicable provisions of Sections 242 and 228 of the General Corporation Law of the State of Delaware. IN WITNESS WHEREOF, TriStar Ventures Corporation has caused this Certificate to be signed by Dr. Michael J. Gluckman, its President and Chief Executive Officer, and attested by Mr. Tejinder S. Bindra, its Secretary, as of this 8th day of July, 1997. TRISTAR VENTURES CORPORATION By: /s/ Michael J. Gluckman ------------------------------------ President and Chief Executive Officer ATTEST: /s/ Tejinder S. Bindra - ----------------------------------- Secretary EX-99.D 11 AGREEMENT FOR FILING CONSOLIDATED FEDERAL TAXES 1 Exhibit D 1 of 5 AGREEMENT FOR FILING CONSOLIDATED FEDERAL INCOME TAX RETURN AND FOR ALLOCATION OF LIABILITIES AND BENEFITS ARISING FROM SUCH CONSOLIDATED TAX RETURN BETWEEN COLUMBIA ENERGY GROUP AND SUBSIDIARY COMPANIES The following members of Columbia Energy Group, affiliated group of corporations as described in Section 1504 of the Internal Revenue Code hereby authorize their common parent corporation, Columbia Energy Group, to make and file a consolidated federal income tax return on behalf of the group.
Federal Employer Identification Name and Address Number - ---------------- ------ COLUMBIA ENERGY GROUP . . . . . . . . . . . . . . . 13-1594808 COLUMBIA ATLANTIC TRADING CORPORATION . . . . . . . . . . 51-0122560 COLUMBIA ENERGY GROUP SERVICE CORPORATION . . . . . . . . 13-1596081 COLUMBIA LNG CORPORATION . . . . . . . . . . . . . . . . . 31-0808682 CLNG CORPORATION . . . . . . . . . . . . . . . . . . . . 51-0363075 COLUMBIA INSURANCE CORPORATION, LTD . . . . . . . . . . . 54-1846993 TRISTAR CAPITAL CORPORATION . . . . . . . . . . . . . . . 51-0331685 TRISTAR GAS TECHNOLOGIES, INC. . . . . . . . . . . . . . 51-0331689 COLUMBIA NETWORK SERVICES CORPORATION. . . . . . . . . . . 55-0752155 CNS MICROWAVE, INC. . . . . . . . . . . . . . . . . . . . 55-0753507 12355 SUNRISE VALLEY DRIVE, SUITE 300 RESTON, VA 20191-3420 COLUMBIA ELECTRIC CORPORATION . . . . . . . . . . . . . . . 55-0647910 TRISTAR PEDRICK LIMITED CORPORATION . . . . . . . . . . . 51-0314565 TRISTAR PEDRICK GENERAL CORPORATION . . . . . . . . . . . 51-0314105 TRISTAR FUEL CELLS CORPORATION . . . . . . . . . . . . . 51-0324211 TRISTAR BINGHAMTON GENERAL CORPORATION . . . . . . . . . 51-0324212 TRISTAR BINGHAMTON LIMITED CORPORATION . . . . . . . . . 51-0324213 TRISTAR GEORGETOWN GENERAL CORPORATION . . . . . . . . . 51-0324214 TRISTAR GEORGETOWN LIMITED CORPORATION . . . . . . . . . 51-0324215 TRISTAR VINELAND GENERAL CORPORATION . . . . . . . . . . 51-0324217 TRISTAR VINELAND LIMITED CORPORATION . . . . . . . . . . 51-0324218 TRISTAR RUMFORD LIMITED CORPORATION . . . . . . . . . . . 51-0324219 TVC NINE CORPORATION . . . . . . . . . . . . . . . . . . 51-0324220 TVC TEN CORPORATION . . . . . . . . . . . . . . . . . . . 51-0324221 205 VAN BUREN STREET, SUITE 120 HERNDON, VA 20170 COLUMBIA GAS OF KENTUCKY, INC. . . . . . . . . . . . . . 55-0139565
2 2 of 5 COLUMBIA GAS OF MARYLAND, INC. . . . . . . . . . . . . . 25-1093185 COLUMBIA GAS OF OHIO, INC. . . . . . . . . . . . . . . . . 31-0673990 COLUMBIA GAS OF PENNSYLVANIA, INC. . . . . . . . . . . . . 25-1100252 COLUMBIA GAS OF VIRGINIA, INC. . . . . . . . . . . . . . . 54-0344210 200 CIVIC CENTER DRIVE COLUMBUS, OH 43215 COLUMBIA GULF TRANSMISSION COMPANY . . . . . . . . . . . . 74-1321143 COLUMBIA GAS TRANSMISSION CORPORATION . . . . . . . . . . 31-0802435 12801 FAIR LAKES PARKWAY FAIRFAX, VA 22030-0146 COMMONWEALTH PROPANE, INC. . . . . . . . . . . . . . . . 54-0146483 COLUMBIA PROPANE CORPORATION . . . . . . . . . . . . . . . 61-0565214 9200 ARBORETUM PARKWAY, SUITE 140 RICHMOND, VA 23236 COLUMBIA NATURAL RESOURCES, INC. . . . . . . . . . . . . 52-1383102 ALAMCO, INC. . . . . . . . . . . . . . . . . . . . . . . 55-0615701 ALAMCO DELAWARE, INC. . . . . . . . . . . . . . . . . . . 51-0356489 HAWG HAULING & DISPOSAL, INC. . . . . . . . . . . . . . . 55-0723936 900 PENNSYLVANIA AVENUE CHARLESTON, WV 25302 COLUMBIA ENERGY SERVICES CORPORATION . . . . . . . . . . 61-0573109 COLUMBIA ENERGY MARKETING CORPORATION . . . . . . . . . . 25-1770943 COLUMBIA ENERGY POWER MARKETING CORPORATION . . . . . . . 76-0553975 COLUMBIA SERVICE PARTNERS, INC. . . . . . . . . . . . . . 25-1787891 121 HILLPOINTE DRIVE, SUITE 100 CANONSBURG, PA 15317
The parties hereby agree to allocate liabilities and benefits arising from such consolidated return in the manner prescribed below which is consistent with Rule 45(c) of the Public Utility Holding Company Act of 1935: (1) Definitions: "Consolidated tax" is the aggregate current U.S. federal income tax liability for a tax year, being the tax shown on the consolidated federal income tax return and any adjustments thereto which are thereafter determined. If, because of a consolidated net operating loss, investment tax credit, carrybacks, etc., a refund is due, the consolidated tax for the current year will be that refund. "Separate return tax" is the tax on the corporate taxable income or capital of a company including the effect of any particular feature of the tax law, differences in tax rates, investment tax credits, etc., applicable to it. Separate return tax may be either positive or negative. 3 (2) The consolidated tax shall be apportioned among the members of the group utilizing the "separate return tax" method in the manner prescribed below: (a) Intercompany eliminations recorded by consolidation entries which affect the consolidated tax will be assigned to the appropriate member necessitating the intercompany elimination for the purpose of computing separate return tax. (b) With the exception of the parent corporation, each member of the group having negative separate return tax will receive current payment in an amount equal to such negative separate return tax if that member has sufficient taxable income in the carryback period to utilize its negative separate return tax. A member of the group that cannot utilize its negative separate return tax on a stand alone basis either in the current period or the permitted carryback period will not receive payment for their negative separate return tax until that member generates sufficient taxable income to utilize its losses. The benefits of the negative separate return tax not utilized currently by the member will serve to reduce the tax payment obligation of the positive separate return tax members. The positive separate return tax member will record a liability to the parent corporation for this reduction. The parent corporation will record a liability for the negative separate return tax to the loss member. Members with a negative separate return tax will not participate in the allocation of the parent corporation loss, if applicable, for that year. If, because of carryback or other restrictions, the aggregate of all negative separate return taxes is not entirely usable in the current year"s return, the portion which is usable will be apportioned among the members having negative separate return tax in proportion thereto. (c) Any parent corporation gain or loss realized from its sale of its interest in subsidiaries" securities will be assigned to parent corporation and will not be allocated to other members. All other parent corporation negative separate return tax will be allocated currently to positive separate return tax members on the ratio of their positive separate return tax to the total positive separate return tax. (d) Each member of the group, after intercompany eliminations, having positive separate return tax will pay an amount equal to its proportionate share of the consolidated tax liability to members having negative separate return tax, for which the separate return loss was utilized to offset consolidated taxable income, 4 4 of 5 based on the ratio of its separate return tax to the total of the separate return taxes of members having positive separate return tax, assuming such loss companies meet the carryback requirement of sub-section (b) above. (3) Carryover and other rights, if any, accrued under past regulations and orders for which a member company has not been paid shall be accounted for as follows: Each such member generating such benefits shall receive payment to the earliest year in which statutory carryover periods have not expired. Payment will be received, following execution of this agreement, from the companies which benefited from the prior deductions in the same ratios initially used to distribute such benefits. (4) In the event the consolidated return reflects a net operating loss or excess investment tax credit and cannot be totally carried back, the tax benefit of such net operating loss or excess shall be allowed as a carryover to future years. In the event they cannot be fully utilized on a consolidated basis, a proportionate allocation under Section (2) will be made. If and when the tax benefits are realizable on a consolidated basis in a subsequent year, such tax benefits shall be allocated to the members originally denied such benefits in the year the items were generated. (5) In the event the consolidated tax is subsequently materially revised by amended returns, interim payments or refunds, or, in any event, by a final determination, such changes shall be allocated in the same manner as though the adjustments on which they are based had formed part of the original consolidated return. The tax effect of negotiated adjustments which do not include an item-by-item modification of the return shall be allocated in accordance with Section (2)(d) of this agreement or, considering all the facts and circumstances, under such other method as may be determined to be more fair and equitable. (6) No subsidiary company, as a result of the method of allocation described herein, shall be required to pay more tax than its separate return tax as defined in Section (1). (7) Any current state income tax liability or benefit associated with a state income tax return or franchise tax return involving more than one member shall be allocated to such subsidiaries doing business in such state based on their separate return liabilities and other principles set forth herein. No member is to be allocated a state tax which is greater than its state tax liability had it filed a separate return, including the carryback/carryforward period . All available credits are to be allocated to the member generating the credit prior to the allocation of the System tax liability if available on a separate return basis. Similar to section 2(b) for federal income taxes, a member of the group that cannot utilize its negative separate return tax on a stand alone basis either in the current period or 5 5 of 5 permitted carryback period will not receive payment for their negative separate return tax until that member generates sufficient taxable income to utilize its losses. In the event the consolidated state income tax liability for any year is redetermined subsequent to the allocation of the consolidated tax liability reported for that tax year, the redetermined tax liability shall be allocated pursuant to this Agreement as if the adjustments and modifications related to this determination had been a part of the original return. Any interest or penalties associated with underpayment or overpayment of tax shall be allocated based on the allocation of the underlying underpayment or overpayment of tax. (8) This agreement shall apply to the consolidated federal and state income tax returns to be filed for the calendar year 1996 and all subsequent years unless subsequently amended. In the case of unexpected events, including changes in the tax laws which may require modifications to the agreement, amendment to this agreement shall be conditioned on approval by the Securities and Exchange Commission. Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned, duly authorized, have signed this agreement on behalf of the company(s) indicated. By:________________________________ DATE: December 31, 1997 EX-27.1 12 FINANCIAL DATA SCHEDULE WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 1 CEG 1,000 YEAR DEC-31-1997 JAN-01-1997 DEC-31-1997 PER-BOOK 3,887,400 549,400 1,707,700 66,900 400,900 6,612,300 554,900 754,200 482,700 1,790,700 0 0 2,003,500 0 0 0 500 0 2,700 0 2,818,100 6,612,300 5,053,600 118,900 4,544,200 4,544,200 509,400 40,400 549,800 157,600 273,300 0 273,300 49,900 0 468,200 4.93 4.90
EX-27.2 13 FINANCIAL DATA SCHEDULE WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 1 CKY 1,000 YEAR DEC-31-1997 JAN-01-1997 DEC-31-1997 PER-BOOK 115,200 0 56,800 900 7,900 180,800 23,800 200 42,700 66,700 0 0 200 0 0 0 0 0 200 0 113,900 180,800 156,200 7,000 133,100 133,100 23,100 100 23,200 4,600 11,600 0 11,600 0 0 17,800 0 0
EX-27.3 14 FINANCIAL DATA SCHEDULE WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 1 COH 1,000 YEAR DEC-31-1997 JAN-01-1997 DEC-31-1997 PER-BOOK 755,900 0 624,000 12,600 116,900 1,509,400 119,300 0 303,200 422,500 0 0 1,000 0 0 0 100 0 1,000 0 1,085,900 1,509,400 1,425,800 29,300 1,315,800 1,315,800 110,000 700 110,700 29,000 52,400 0 52,400 0 0 134,600 0 0
EX-27.4 15 FINANCIAL DATA SCHEDULE WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 1 CMD 1,000 YEAR DEC-31-1997 JAN-01-1997 DEC-31-1997 PER-BOOK 43,500 0 14,300 0 3,300 61,100 100 10,000 12,300 22,400 0 0 0 0 0 0 0 0 0 0 38,700 61,100 53,100 1,400 47,300 47,300 5,800 0 5,800 1,400 3,000 0 3,000 0 0 7,600 0 0
EX-27.5 16 FINANCIAL DATA SCHEDULE WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 1 CPA 1,000 YEAR DEC-31-1997 JAN-01-1997 DEC-31-1997 PER-BOOK 381,500 0 183,700 1,100 71,800 638,100 85,100 0 131,000 216,100 0 0 400 0 0 0 0 0 400 0 421,600 638,100 463,200 15,300 403,900 403,900 59,300 0 59,300 13,400 30,600 0 30,600 0 0 41,700 0 0
EX-27.6 17 FINANCIAL DATA SCHEDULE
OPUR1 1 COS YEAR DEC-31-1997 JAN-01-1997 DEC-31-1997 PER-BOOK 274,200 0 91,300 1,700 10,000 377,200 65,300 3,000 73,500 141,800 0 0 700 0 0 0 200 0 0 0 234,700 377,200 198,000 5,300 172,000 172,000 26,000 300 26,300 8,900 12,100 0 12,100 0 0 35,000 0 0
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