-----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, RJn0VcaSCZgpA8Ul546rOiuS1rZTzgp8a5Hx+9wj/jKn9UOSfmQNk7noReWcMbhx XiKgfeKQOPilIYYQVzPVeQ== 0000893220-97-001968.txt : 19971224 0000893220-97-001968.hdr.sgml : 19971224 ACCESSION NUMBER: 0000893220-97-001968 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971219 ITEM INFORMATION: FILED AS OF DATE: 19971223 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA GAS SYSTEM INC 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: 8-K SEC ACT: SEC FILE NUMBER: 001-01098 FILM NUMBER: 97743313 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 8-K 1 COLUMBIA GAS SYSTEM, INC. 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) December 19, 1997 --------------------------- 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.)
12355 Sunrise Valley Drive, Suite 300, Reston, VA 20191-3420 ------------------------------------------------------------ (Address of principal executive offices) Registrant's telephone number, including area code (703) 295-0300 -------------- 2 Item 5. Other Events Information contained in a News Release dated December 19, 1997, 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/J. W. Grossman ------------------------------ Vice President & Controller Date: December 23, 1997 4 For Immediate Release Contact: John H. Jennrich December 19, 1997 (703) 295-0423 COLUMBIA GAS ENTERS MARKET FOR BUYING, SELLING ELECTRICITY RESTON, Va., Dec. 19 -- The Columbia Gas System today announced that it has begun marketing electricity in addition to natural gas. Columbia said it began electricity trading today. Columbia, through subsidiary Columbia Energy Services, has been marketing natural gas for several years. Columbia Energy also will be the unit that trades electricity contracts and markets electricity to retail customers. "With electric wholesale markets opening and the retail markets expected to open, a number of our customers are looking to Columbia Energy for electricity," said Oliver G. Richard III, chairman, CEO and president of Columbia Gas System. "It is possible these days to buy and sell electricity without owning power generation plants and transmission lines. While Columbia has modest assets in independent power plants through another subsidiary, this is not the same as being fully engaged in power marketing. Thus, Columbia Energy is entering the wholesale market directly, and will do the same when the retail markets open." Paul J. Feldman, president and CEO of Columbia Energy, said that his company already has begun staffing its wholesale power group, and has experienced traders in place. "Initially, the majority of our transactions will be in the mid-Atlantic area, which is where Columbia has its greatest knowledge of the market," Feldman said. The natural gas and electricity markets are valued at approximately $300 billion a year, with electricity being about twice the size of the gas market. Columbia Energy and its subsidiaries provide natural gas, electricity and energy-management products and services to a diverse customer base, including cogenerators, local gas distribution companies, industrial plants, commercial businesses, joint marketing partners and individual homeowners. Columbia Energy is the nonregulated marketing subsidiary of Columbia Gas System. The Columbia Gas System, located in Reston, Va., is one of the nation's largest natural gas systems, with assets of about $6 billion. Its operating companies are engaged in all phases of the gas business plus marketing, fuel 5 management services and electric power generation. Columbia companies, directly or indirectly, serve more than 7 million natural gas customers - 12 percent of the nation's total -- in 15 states and the District of Columbia. Information about the Columbia Gas System is available on the World Wide Web at http://www.columbiaenergy.com. Columbia stock trades on the New York Stock Exchange under the symbol CG. ### -----END PRIVACY-ENHANCED MESSAGE-----