-----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, ccnzkZKnIQ1B+tNCc7cMbtMZG6IcESYCdR0M9g6V6X/Em+Xq4yKW87y/hpAnJGcc 7Zf/bQyLPzvEd84oRpX7sA== 0000893220-94-000421.txt : 19941017 0000893220-94-000421.hdr.sgml : 19941017 ACCESSION NUMBER: 0000893220-94-000421 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19941013 ITEM INFORMATION: Other events FILED AS OF DATE: 19941013 SROS: NONE 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: 94552514 BUSINESS ADDRESS: STREET 1: 20 MONTCHANIN RD CITY: WILMINGTON STATE: DE ZIP: 19807 BUSINESS PHONE: 3024295000 8-K 1 COLUMBIA GAS SYSTEMS FORM 8-K 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) October 13, 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 a News Release dated October 12, 1994, is incorporated herein by reference. 3 Contacts: Media - H. W. Chaddock (302) 429-5261 Analysts - T. L. Hughes (302) 429-5363 K. P. Murphy (302) 429-5471 FOR IMMEDIATE RELEASE October 12, 1994 BANKRUPTCY COURT APPROVES TAX SETTLEMENT BETWEEN IRS AND COLUMBIA COMPANIES Wilmington, Del. -- The U.S. Bankruptcy Court for the District of Delaware today approved the tax settlement the Columbia Gas System, Inc., (NYSE:CG) and Columbia Gas Transmission Corporation entered into with the Internal Revenue Service earlier this year. It resolves the $553 million claim filed in 1992 by the IRS in the companies' Chapter 11 proceedings for contested issues that arose during the years 1983 through 1990. Under the settlement, the IRS claim is reduced to $63 million in taxes and $49 million in related interest. On an after-tax basis, taking into account tax deductions that become available in subsequent years, the final cost of the settlement is expected to be about $46 million. The earnings impact of the settlement has previously been recorded. The settlement was previously approved by the Joint Committee on Taxation of the U.S. Congress. The Columbia Gas System, Inc., and its principal pipeline subsidiary, Columbia Gas Transmissions Corp., have been operating as debtors-in-possession under Chapter 11 of the Federal Bankruptcy Code since July 31, 1991. # # # 4 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 and Controller Date: October 13, 1994 -----END PRIVACY-ENHANCED MESSAGE-----