-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, p2dqHTVlNGSdtqQZF6AxUEu1TXT5t6kFlmH9JE8Okr9onMcgzMymcZoAgZ2mthfC papgtofWdZr4nEZbzHwO2w== 0000893220-94-000328.txt : 19940721 0000893220-94-000328.hdr.sgml : 19940721 ACCESSION NUMBER: 0000893220-94-000328 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19940719 ITEM INFORMATION: Other events FILED AS OF DATE: 19940719 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA GAS SYSTEM INC CENTRAL INDEX KEY: 0000022099 STANDARD INDUSTRIAL CLASSIFICATION: 4923 IRS NUMBER: 131594808 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01098 FILM NUMBER: 94539244 BUSINESS ADDRESS: STREET 1: 20 MONTCHANIN RD CITY: WILMINGTON STATE: DE ZIP: 19807 BUSINESS PHONE: 3024295000 8-K 1 FORM 8-K, COLUMBIA GAS SYSTEM INC. 1 FORM 8-K -------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT -------------- Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event Reported) July 19, 1994 ------------- THE COLUMBIA GAS SYSTEM, INC. ----------------------------- (Exact name of registrant as specified in its charter) Delaware 1-1098 13--1594808 - - ---------------------------- ----------- ------------------- (State of other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.)
20 Montchanin Road, Wilmington, Delaware 19807 ----------------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code (302) 429-5000 -------------- 2 Item 5. Other Events Information contained in the News Releases dated July 18, 1994, is incorporated herein by reference. 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. The Columbia Gas System, Inc. ----------------------------- (Registrant) By /s/ R. E. Lowe --------------------------- R. E. Lowe Vice President & Controller Date: July 19, 1994 4 Contacts: Media - W. R. McLaughlin (302) 429-5443 H. W. Chaddock (302) 429-5261 Analysts - T. L. Hughes (302) 429-5363 K. P. Murphy (302) 429-5471 FOR IMMEDIATE RELEASE July 18, 1994 CONGRESSIONAL COMMITTEE APPROVES COLUMBIA GAS TAX SETTLEMENT WITH THE IRS Wilmington, Del. -- The Columbia Gas System, Inc. (NYSE:CG) said today the U. S. Joint Congressional Committee on Taxation has approved the tax settlement Columbia concluded with the Internal Revenue Service earlier this year. The settlement will now be submitted to the Bankruptcy Court for the District of Delaware for approval. The settlement resolves the $553 million claim filed in 1992 by the IRS in Columbia's Chapter 11 proceeding for contested issues that arose during the years 1983 to 1990. In the settlement, Columbia agreed to pay the IRS $63 million in taxes and $49 million in related interest upon emergence from bankruptcy. On an after-tax basis, taking into account tax deductions that become available in subsequent years, the final cost of the settlement will be about $46 million, including post-petition interest. The earnings impact of the settlement has previously been recorded. The Columbia Gas System, Inc., and its principal pipeline subsidiary, Columbia Gas Transmission Corp., have been operating as debtors-in-possession under Chapter 11 of the Federal Bankruptcy Code since July 31, 1991. # # # 5 Contacts: Media - W. R. McLaughlin (302) 429-5443 H. W. Chaddock (302) 429-5261 Analysts - T. L. Hughes (302) 429-5363 K. P. Murphy (302) 429-5471 FOR IMMEDIATE RELEASE July 18, 1994 COLUMBIA GAS TO CREATE NATURAL GAS MARKET CENTER Wilmington, Del. -- The Columbia Gas System, Inc. (NYSE:CG) today announced plans to create a natural gas market center this year. Columbia Energy Services Corporation, the System's gas marketing company, will operate the center from its offices in Pittsburgh, Pa. The Columbia Gas Market Center will offer a variety of natural gas supply services designed to meet the requirements of local utilities, marketers and large end users in today's competitive natural gas marketplace. Initially, Columbia will focus on markets in the Northeast and Midwest that are currently served by its five natural gas distribution companies and its interstate pipeline subsidiaries. Columbia Gas Chairman John H. Croom said: "In establishing the Market Center, Columbia is responding to requests from its customers to provide one-stop shopping for natural gas supply services. In addition, the Market Center will enable customers to take full advantage of Columbia's extensive pipeline and distribution facilities, its natural gas reserves and its marketing expertise to meet their gas supply needs in an efficient and reliable manner." Columbia System companies serve, directly or indirectly, more than eight million homes, businesses and industries in 15 northeastern, middle Atlantic, midwestern and southern states and the District of Columbia. The more than 53,000 miles of pipeline and extensive underground storage fields they operate link these customers to all of the major gas producing fields in the U.S. The target date for initiating Columbia's Market Center services is October 1, 1994. Initially, the center will 6 facilitate pipeline capacity releases, arrange for gas redeliveries and short-term natural gas storage and offer an electronic gas market information system. Columbia Energy Services currently buys and sells gas on a short- and long-term basis, arranges commodity hedges and offers fuel management and other supply planning and management services. The Columbia Gas System, Inc., and Columbia Gas Transmission Corporation, its principal pipeline subsidiary, have been operating as debtors-in-possession under Chapter 11 of the Federal Bankruptcy Code since July 31, 1991. # # # -----END PRIVACY-ENHANCED MESSAGE-----