-----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, LqvHLbQjDO2gtECQcYyqYMfEoNggBmwlPyJuyLIrip1yWaS+aUiK+Q26mVs4U7Og r0Z5z2Y+QiTjpzUro4eObA== 0000893220-99-000520.txt : 19990503 0000893220-99-000520.hdr.sgml : 19990503 ACCESSION NUMBER: 0000893220-99-000520 CONFORMED SUBMISSION TYPE: U5S PUBLIC DOCUMENT COUNT: 43 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990430 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: 99606849 BUSINESS ADDRESS: STREET 1: 13880 DULLES CORNER LANE CITY: HENDERON STATE: VA ZIP: 20191-4600 BUSINESS PHONE: 7035616000 MAIL ADDRESS: STREET 1: 13880 DULLES CORNER LANE CITY: HERNDON STATE: VA ZIP: 20171-4600 FORMER COMPANY: FORMER CONFORMED NAME: COLUMBIA GAS SYSTEM INC DATE OF NAME CHANGE: 19920703 U5S 1 FORM U5S COLUMBIA ENERGY GROUP 1 - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM U5S ANNUAL REPORT For the Year Ended December 31, 1998 Filed pursuant to the Public Utility Holding Company Act of 1935 COLUMBIA ENERGY GROUP (Name of registered holding company) 13880 Dulles Corner Lane Herndon, Virginia 20171 - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 2 =============================================================================== SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM U5S ANNUAL REPORT For the Year Ended December 31, 1998 Filed pursuant to the Public Utility Holding Company Act of 1935 COLUMBIA ENERGY GROUP (Name of registered holding company) 13880 Dulles Corner Lane Herndon, Virginia 20171 =============================================================================== 3 TABLE OF CONTENTS
PAGE NO. OR ITEM EXHIBIT - ------- ------- 1 System Companies and Investment Therein as of December 31, 1998 . . . . . . . . 3-8 2 Acquisitions or Sales of Utility Assets . . . . . . . . . . . . . . . . . . . . 9 3 Issue, Sale, Pledge, Guarantee or Assumption of System Securities . . . . . . . 9 4 Acquisition, Redemption or Retirement of System Securities . . . . . . . . . . . 10-12 5 Investments in Securities of Nonsystem Companies . . . . . . . . . . . . . . . . 12 6 Officers and Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13-69 7 Contributions and Public Relations . . . . . . . . . . . . . . . . . . . . . . . 70 8 Service, Sales and Construction Contracts . . . . . . . . . . . . . . . . . . . 71-73 9 Wholesale Generators and Foreign Utility Companies . . . . . . . . . . . . . . . 73 10 Financial Statements and Exhibits . . . . . . . . . . . . . . . . . . . . . . . 74-75 Consolidating Financial Statements . . . . . . . . . . . . . . . . . . . . . . . 74(F1 to F6) Signature of Registrant's Officer . . . . . . . . . . . . . . . . . . . . . . . 76 Exhibits: 77 Securities and Exchange Act of 1934 Reports . . . . . . . . . . . . . . . . . A Index to Corporate Organization & By-Laws Exhibits . . . . . . . . . . . . . . B Indentures or Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . C Tax Allocation Agreement for 1998 . . . . . . . . . . . . . . . . . . . . . . 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, 1998
Issuer Owner % 0f 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 69,065 69,065 Unsecured Debt . . . . . . . . . . . . . . . . . . . - - 54,494 54,494 Columbia Gas of Maryland, Inc. (CMD) . . . . . . . . . . 2,883 100.0 23,294 23,294 Unsecured Debt . . . . . . . . . . . . . . . . . . . - - 17,819 17,819 Columbia Gas of Ohio, Inc. (COH) . . . . . . . . . . . . 4,769,585 100.0 435,643 435,643 Unsecured Debt . . . . . . . . . . . . . . . . . . . - - 319,959 319,959 Columbia Gas of Pennsylvania, Inc. (CPA) . . . . . . . . 3,405,112 100.0 218,799 218,799 Unsecured Debt . . . . . . . . . . . . . . . . . . . - - 148,451 148,451 Columbia Gas of Virginia, Inc. (CGV) . . . . . . . . . . 1,306,106 100.0 154,808 154,808 Unsecured Debt . . . . . . . . . . . . . . . . . . . - - 126,677 126,677 Columbia Gas Transmission Corporation (TCO) . . . . . . 1,934 100.0 998,403 998,403 Unsecured Debt . . . . . . . . . . . . . . . . . . . - - 1,913 1,913 Secured Debt . . . . . . . . . . . . . . . . . . . . - - 643,000 643,000 Unconsolidated Affiliate: Millennium Pipeline Company, L.P.(a) . . . . . . . - 47.5 14,121 14,121 Millennium Pipeline Management Co., L.L.C. (b) . . - 47.5 143 143 Columbia Gulf Transmission Company (CGT) . . . . . . . . 1,993 100.0 122,452 122,452 Unsecured Debt . . . . . . . . . . . . . . . . . . . - - 68,414 68,414 Unconsolidated Affiliates: Trailblazer Pipeline Corporation (c) . . . . . . . - 33.3 22,679 22,679 Columbia Pipeline Corporation (CPL) (d) . . . . . . . . 1 100.0 1 1 Subsidiary: Columbia Deep Water Services (CDW) (e) . . . . . . 1 100.0 - - Columbia Atlantic Trading Corporation (CAT) . . . . . . 308 100.0 596 596 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 25,680 25,680 CLNG Corporation (CLNG) . . . . . . . . . . . . . . . 155 100.0 314 314 Unconsolidated Affiliate: Cove Point LNG Limited Partnership (f) . . . . . . - 50.0 14,173 14,173
3 5 ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 1998
Issuer Owner % 0f Book Book Number of Common Voting Value Value Name of Company (Company Abbreviation) Shares Owned Power ($000) ($000) - ---------------------------------------------- ---------------- ------ -------- -------- Columbia Energy Resources, Inc. (CER) (g) . . . . . . . . . . . 2 100.0 251,880 251,880 Unsecured Debt . . . . . . . . . . . . . . . . . . . . . . . . - - 114,850 114,850 Subsidiaries: Columbia Natural Resources, Inc. (CNR) . . . . . . . . . . 1 100.0 240,513 240,513 Unconsolidated Affliates: Clarksburg Gas Limited Partnership (h) . . . . . . . . - 2.0 281 281 *Phoenix-Alamo Ventures LLC . . . . . . . . . . . . . . - - - - Hawg Hauling & Disposal, Inc. (HH) . . . . . . . . . . . . 900 100.0 946 946 Alamco-Delaware, Inc. (AD) . . . . . . . . . . . . . . . . 100 100.0 6,469 6,469 CNR-Canada, Ltd. (CU) (i) . . . . . . . . . . . . . . . . l 100.0 3,238 3,238 Columbia Propane Corporation (CPC) . . . . . . . . . . . . . . 1,377 100.0 30,772 30,772 Unsecured Debt. . . . . . . . . . . . . . . . . . . . . . . - - 23,888 23,888 Unconsolidated Affiliate: Atlantic Energy, Inc. (AEI) (j) . . . . . . . . . . . . . 3,500 50.0 1,717 1,717 Columbia Networks Services Corporation (CNS) . . . . . . . . . 900 100.0 5,035 5,035 Subsidiaries: CNS Microwave, Inc. (CMC) . . . . . . . . . . . . . . . . 80 100.0 836 836 EnergyNet, L.L.C. (EN) (k) . . . . . . . . . . . . . . . . - 100.0 1997 1997 Columbia Insurance Corporation, Ltd. (CIC) . . . . . . . . . . 4,800 100.0 1,126 1,126 Columbia Energy Services Corporation (CES) . . . . . . . . . . 421,657 100.0 23,657 23,657 Subsidiaries: Columbia Energy Marketing Corporation (CEM) . . . . . . . 101 100.0 2,109 2,109 Columbia Energy Power Marketing Corporation (CPM) (l) . . 1 100.0 (501) (501) Columbia Service Partners, Inc. (CSP) . . . . . . . . . . 200 100.0 (315) (315) Subsidiary: Columbia Assurance Agency, Inc. (CAA) (m) . . . . . . . 850 100.0 1 1 Energy.com (ECC) (n) . . . . . . . . . . . . . . . . . . . 500 100.0 3,093 3,093 Columbia Energy Group Capital Corporation (CCC) . . . . . . . . 3,000 100.0 9,089 9,089 Subsidiaries: Columbia Transmission Communications Corporation (CTC)(o) 1 100.0 7,637 7,637 TriStar Gas Technologies, Inc. (TGT). . . . . . . . . . . 40,000 100.0 1,384 1,384 Unconsolidated Affiliate: Enertek Partners, LP (p). . . . . . . . . . . . . . . - 16.5 1,201 1,201
4 6 ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 1998
Issuer Owner % 0f Book Book Number of Common Voting Value Value Name of Company (Company Abbreviation) Shares Owned Power ($000) ($000) - ---------------------------------------------- ---------------- ------ -------- -------- Columbia Electric Corporation (CEC) . . . . . . . . . . . . . 1,835 100.0 50,096 50,096 Subsidiaries: Columbia Electric Pedrick General Corporation (CGP) . . . . 3,000 100.0 3,706 3,706 Unconsolidated Affiliate: Pedricktown Cogeneration Limited Partnership (q) . . . - 15.0 4,620 4,620 Columbia Electric Pedrick Limited Corporation (CLP) . . . 42 100.0 8,631 8,631 Unconsolidated Affiliate: Pedricktown Cogeneration Limited Partnership (q) . . . - 35.0 10,780 10,780 Columbia Electric Binghamton General Corporation (CBG). . . 118 100.0 326 326 Unconsolidated Affiliate: Binghamton Cogeneration Limited Partnership (r) . . . . - 10.0 220 220 Columbia Electric Binghamton Limited Corporation (CBL) 142 100.0 627 627 Unconsolidated Affiliate: Binghamton Cogeneration Limited Partnership (r) . . . - 23.3 512 512 Columbia Electric Vineland General Corporation (CVG) . . . 2,704 100.0 488 488 Unconsolidated Affiliate: Vineland Cogeneration Limited Partnership (s) . . . . . - 5.0 392 392 Columbia Electric Vineland Limited Corporation (CVL) . . . 2,385 100.0 3,590 3,590 Unconsolidated Affiliate: Vineland Cogeneration Limited Partnership (s) . . . . . - 45.0 3,532 3,532 Columbia Electric Rumford Limited Corporation (CRL) . . . . 1 100.0 4,577 4,577 Unconsolidated Affiliate: Rumford Cogeneration Company (t). . . . . . . . . . . . - 10.2 8,214 8,214 Columbia Electric Limited Holdings Corporation (CEH) (u). . 100 100.0 331 331 Unconsolidated Affiliate: Gregory Power Partners, L.P. (v) . . . . . . . . . . . - 49.0 (735) (735) Gregory Partners LLC (w) . . . . . . . . . . . . . . . - 49.0 (735) (735) Liberty Electric Power LLC (x) . . . . . . . . . . . . - 49.0 - - Columbia Electric Gregory General Corporation (CGG) . . . . 9 100.0 78,132 78,132 Unconsolidated Affiliate: Gregory Power Partners L.P.. . . . . . . . . . . . . . - 1.0 (15) (15) Columbia Electric Gregory Remington Corporation (CGR) . . . - 100.0 (11,869) (11,869) Unconsolidated Affiliate: Gregory Partners LLC . . . . . . . . . . . . . . . . . - 1.0 (15) (15) *TriStar Fuel Cells Corporation (FC) . . . . . . . . . . . - - - -
5 7 ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 1998
Issuer Owner % 0f Book Book Number of Common Voting Value Value Name of Company (Company Abbreviation) Shares Owned Power ($000) ($000) - ---------------------------------------------- ---------------- ------ -------- -------- Columbia Electric Liberty Corporation(CEL)(y). . . . . . . . . . 3 100.0 38,250 38,250 Unconsolidated Affiliate: Liberty Electric LLC(z). . . . . . . . . . . . . . . . . . - 1.0 - - *TriStar Georgetown General Corporation (GGC). . . . . . . . . . - - - - Unconsolidated Affiliate: *Georgetown Cogeneration Limited Partnership . . . . . . . - - - - *TriStar Georgetown Limited Corporation (GLC). . . . . . . . . . - - - - Unconsolidated Affiliate: *Georgetown Cogeneration Limited Partnership . . . . . . . - - - - Unconsolidated Affiliate: Cogeneration Partners of America (aa) . . . . . . . . . . . . - 50.0 - -
6 8 * Dissolved in 1998. (a) Partnership interest in the Millennium Pipeline Company. Columbia Gas Transmission Corporation owns 47.5% interest. (b) Partnership interest in the Millennium Pipeline Management Co., LLC. Columbia Gas Transmission Corporation owns 47.5% interest (c) Partnership interest in the Trailblazer Pipeline Company. Partners each owning a thirty-three and one-third percent (33-1/3%) interest are Columbia Gulf Transmission Company, Enron Trailblazer Pipeline Company and NGPL-Trailblazer, Inc. (d) Columbia Pipeline Corporation was incorporated in the state of Delaware on November 30, 1998. Columbia Pipeline Corporation was formed as a holding company for non-FERC regulated pipeline activities. (e) Columbia Deep Water Services Company (CDW) was incorporated in the state of Delaware on January 17, 1998. CDW was formed for the purpose of developing or acquiring pipeline projects and pipeline capacity and associated products and services not subject to the jurisdiction of the Federal Energy Regulatory Commission. (f) Partnership interest in Cove Point LNG Limited Partnership. CLNG Corporation and Cove Point Energy Company, Inc. are each general partners in the Partnership. Each of the general partners has a one (1%) percent ownership interest and fifty (50%) percent of the Partnership's voting power. Columbia LNG Corporation and Pepco Energy Company, Inc. 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). (g) On October 1, 1998, Columbia Energy Resources, Inc. was incorporated in the state of Delaware. Columbia Energy Resources, Inc. was formed as a holding company for Columbia Natural Resources, Inc., Hawg Hauling and Disposal, Inc., Alamco-Delaware, Inc. and CNR-Canada, Ltd. (h) Partnership interest in Clarksburg Gas Limited Partnership. Columbia Natural Resources, Inc. is a general partner with a 2% interest in the partnership. (i) During March 1998, CNR-Canada, Ltd. was formed as a Canadian Corporation. CNR-Canada, Ltd. is engaged in the exploration and production of oil and natural gas. (j) 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. (k) In August 1998, Columbia Networks Services Corporation (CNS) paid $778,592 in cash to acquire an additional 50% interest in EnergyNet, LLC. EnergyNet, LLC became a wholly-owned subsidiary of CNS in 1998. (l) Effective March 2, 1998, Columbia Power Marketing Corporation changed its name to Columbia Energy Power Marketing Corporation (CPM). (m) Columbia Assurance Agency, Inc. (CAA) was incorporated in the state of Ohio on June 23, 1997. CAA was formed to sell fixed and variable annuities and life insurance. (n) Energy.com was incorporated in the state of Delaware on December 15, 1997 and capitalized on May 7, 1998. Energy.com offers energy related products and services through the internet. (o) Columbia Transmission Communications Corporation (CTC) was incorporated in the state of Delaware on October 20, 1998. CTC is engaged in the development, construction and sale of high capacity fiber optic networks. (p) Partnership interest in Enertek Partners, L.P. (EnerTech). 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%) (q) Partnership interest in Pedricktown Cogeneration Limited Partnership. The general partners are Pedrick General, Inc. and Columbia Electric Predrick General Corporation, each of which owns one-half of the thirty percent (30%) general partnership interest. The limited partners are Pedrick Limited, Inc. and Columbia Electric 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. (r) Columbia Electric Binghamton General Corporation and Binghamton General, Inc., 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 Columbia Electric 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. (s) Partnership interest in Vineland Cogeneration Limited Partnership. The general partners are Vineland General, Inc. and Columbia Electric 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 Columbia Electric 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. 7 9 (t) Partnership interest in Rumford Cogeneration Company. The limited partners and the percent of ownership interest of each include: Columbia Electric 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%. (u) On November 6, 1998, TriStar Nine Corporation was renamed as Columbia Electric Limited Holdings Corporation (CEH). CEH was formed in order to acquire and maintain limited partnership holdings in various projects. To date, CEH maintains limited holdings in the Gregory Power Partnership, LP; Gregory Partners LLC; and Liberty Electric Power LLC. (v) Partnership Interest in Gregory Power Partners, L.P. The general partners are Columbia Electric Gregory General Corporation and LG&E Power Gregory IV Inc., each of which owns one-half of two percent (2%). The limited partners are Columbia Electric Limited Holdings Corporation and LG&E Power Gregory I Inc., each of which owns one-half of ninety-eight percent (98%). LG&E Power Gregory IV Inc. and LG&E Power Gregory I Inc. are subsidiaries of LG&E Power. (w) Partnership Interest in Gregory Partners LLC. The general partners are Columbia Electric Gregory Remington Corporation and LG&E Power Gregory II Inc. each of which owns one-half of two percent (2%). The limited partners are Columbia Electric Limited Holdings Corporation and LG&E Power Gregory III Inc., each of which owns one-half of ninety-eight percent (98%). LG&E Power Gregory II Inc. and LG&E Power Gregory III Inc., are subsidiaries of LG&E Power. (x) Partnership Interest in Liberty Electric Power LLC. The general partners are Columbia Electric Liberty Corporation and Westcoast Energy (U.S.) Inc., each of which owns one-half of two percent (2%). The limited partners are Columbia Electric Limited Holdings Corporation and Westcoast Power (U.S.) Inc., each of which owns one- half of ninety-eight percent (98%). Westcoast Power (U.S.) Inc. and Westcoast Energy (U.S.) Inc. are subsidiaries of Westcoast Power, Inc. (y) On November 6, 1998, TriStar Ten Corporation was renamed as Columbia Electric Liberty Corporation (CEL). CEL was formed for the purpose of participating in the Liberty Electric Power LLC Project, a Delaware Limited Liability Corporation. (z) Liberty Electric Power LLC was organized on July 10, 1998, in connection with the development, ownership, financing, construction and operating of a power generation project to be located in Eddystone, Pennsylvania. (aa) Partnership interest in Cogeneration Partners of America. Columbia Electric Corporation and Atlantic Generation, Inc. each own 50%. Cogneration Partners of America ceased operations in May 1994. The activities formerly performed by Cogeneration Partners of America are being performed Columbia Electric Corporation and Atlantic Generation, Inc. 8 10 ITEM 2. ACQUISITIONS OR SALES OF UTILITY ASSETS None. ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM SECURITIES CONFIDENTIAL TREATMENT REQUESTED 9 11 ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES DURING 1998 CONFIDENTIAL TREATMENT REQUESTED 10 12 ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES DURING 1998 (Continued) CONFIDENTIAL TREATMENT REQUESTED 11 13 ITEM 4. (Continued) Notes CONFIDENTIAL TREATMENT REQUESTED ITEM 5. INVESTMENTS IN SECURITIES OF NONSYSTEM COMPANIES CONFIDENTIAL TREATMENT REQUESTED 12 14 ITEM 6. OFFICERS AND DIRECTORS Part I. Names, principal business address and positions held as of December 31, 1998. The names, principal address and positions held as of December 31, 1998 of the officers and directors of System companies is presented in the tables on pages 15 through 54. The principal business address of each officer and director is indicated in such tables by the numbers (1) through (35). 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 13880 Dulles Corner Lane, Herndon, Virginia 20171-4600 2 200 Civic Center Drive, Columbus, Ohio 43215 3 10 G Street, NE, Suite 580, Washington, D.C. 20002 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, Ohio43653 9 4680 Parkway Drive, Suite 200, Mason, Ohio 45040-5301 10 15501 North Dial Boulevard, Scottsdale, Arizona 85260-1619 11 8905 E. Doughlas Avenue, Wichita, Kansas 67207 12 R. R. No. 1, Box 31D Route 343, Millbrook, New York 12545 13 2603 Augusta, Houston, Texas 77057-5637 14 205 Bricker Hall, 190 North Oval Mall, Columbus, Ohio 43210 15 51 Brams Point Road, Hilton Head, South Carolina 29926 16 1455 Pennsylvania Avenue, Washington, DC 20004 17 9200 Arboretum Parkway, Richmond, Virginia 23235 18 900 Pennsylvania Avenue, Charleston, West Virginia 25302 19 2100 Cove Point Road, Lusby, Maryland 20657 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 24060 23 12801 Fair Lakes Parkway, Fairfax, Virginia 22030 24 2001 Mercer Road, Lexington, Kentucky 40511 25 9001 Arboretum Parkway, Richmond, Virginia 23236 26 650 Washington Road, Pittsburgh, Pennsylvania 15228-2703 27 505 King Avenue, Columbus, Ohio 43201-2693 28 121 Hillpointe Drive, #100, Canonsburg, Pennsylvania 15317 29 P.O. Box 2197, Houston , Texas77252 30 120 Arrandale Boulevard, Exton, Pennsylvania 19341-2512 31 700 13th Street NW, Washington, DC20005 32 5501 Frantz Road, Dublin, Ohio 43017 33 1330 Post Oak Boulevard, 20th Floor, Houston, Texas 77056 34 921 Easwind Drive, Suite 112, Westerville, Ohio 43081 35 1700 MacCorkle Avenue, S.E., Charleston, West Virginia 23236 13 15 POSITION KEY CODE
KEY CB - Chairman of the Board CLO - Chief Legal Officer S - Secretary D - Director P - President C - Controller CEO - Chief Executive Officer SVP - Senior Vice President GA - General Auditor COO - Chief Operating Officer VP - Vice President GC - General Counsel CFO - Chief Financial Officer T - Treasurer
14 16 ITEM 6. Continued
========================================================================================================================== CKY COH CMD CPA CGV CS CLG CLNG CER CNR HH AD CU - -------------------------------------------------------------------------------------------------------------------------- Catherine G. Abbott Fairfax, Virginia (23) D - -------------------------------------------------------------------------------------------------------------------------- Carolyn M. Afshar Herndon, Virginia (1) S - -------------------------------------------------------------------------------------------------------------------------- Richard F. Albosta New Providence, New Jersey (7) D - -------------------------------------------------------------------------------------------------------------------------- Philip R. Aldridge Herndon, Virginia (1) VP - -------------------------------------------------------------------------------------------------------------------------- Steven R. Anastasio Herndon, Virginia (1) VP - -------------------------------------------------------------------------------------------------------------------------- Carmen Andreoli Houston, Texas (33) - -------------------------------------------------------------------------------------------------------------------------- Michael Ashford Herndon, Virginia (1) - -------------------------------------------------------------------------------------------------------------------------- Gary W. Babin Columbus, Ohio (2) VP - -------------------------------------------------------------------------------------------------------------------------- Ross E. Bailey Herndon, Virginia (1) VP - -------------------------------------------------------------------------------------------------------------------------- Gary A. Barnard Charleston, West Virginia (35) - -------------------------------------------------------------------------------------------------------------------------- T. J. Barrymore Herndon, Virginia (1) S S - -------------------------------------------------------------------------------------------------------------------------- Laura M. Bateman Richmond, Virginia (25) VP - -------------------------------------------------------------------------------------------------------------------------- Richard W. Beardsley Charleston, West Virginia (18) VP VP - -------------------------------------------------------------------------------------------------------------------------- Margaret W. Beasley Richmond, Virginia (17) - -------------------------------------------------------------------------------------------------------------------------- Robert H. Beeby Green Farms, Connecticut (4) D - -------------------------------------------------------------------------------------------------------------------------- Napoleon A. Bell Henderson, Nevada (5) D - -------------------------------------------------------------------------------------------------------------------------- Tejinder S. Bindra Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------
15 17 ITEM 6. Continued
=========================================================================================================================== CG CPC AEI CES CEM CPM CSP ECC CAA CCC CTC TGT CNS - --------------------------------------------------------------------------------------------------------------------------- Catherine G. Abbott Fairfax, Virginia (23) D D - --------------------------------------------------------------------------------------------------------------------------- Carolyn M. Afshar Herndon, Virginia (1) S - --------------------------------------------------------------------------------------------------------------------------- Richard F. Albosta New Providence, New Jersey (7) D - --------------------------------------------------------------------------------------------------------------------------- Philip R. Aldridge P Herndon, Virginia (1) P P D - --------------------------------------------------------------------------------------------------------------------------- Steven R. Anastasio Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Carmen Andreoli Houston, Texas (33) VP - --------------------------------------------------------------------------------------------------------------------------- Michael Ashford Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Gary W. Babin Columbus, Ohio (2) - --------------------------------------------------------------------------------------------------------------------------- Ross E. Bailey Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Gary A. Barnard Charleston, West Virginia (35) - --------------------------------------------------------------------------------------------------------------------------- T. J. Barrymore Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Laura M. Bateman Richmond, Virginia (25) - --------------------------------------------------------------------------------------------------------------------------- Richard W. Beardsley Charleston, West Virginia (18) - --------------------------------------------------------------------------------------------------------------------------- Margaret W. Beasley Richmond, Virginia (17) S S - --------------------------------------------------------------------------------------------------------------------------- Robert H. Beeby Green Farms, Connecticut (4) D - --------------------------------------------------------------------------------------------------------------------------- Napoleon A. Bell Henderson, Nevada (5) - --------------------------------------------------------------------------------------------------------------------------- Tejinder S. Bindra Herndon, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------
16 18 ITEM 6. Continued
============================================================================================================================ CMC EN CIC CPL CDW CAT CEC CGP CLP CBG CBL CVG CVL - ---------------------------------------------------------------------------------------------------------------------------- Catherine G. Abbott Fairfax, Virginia (23) D - ---------------------------------------------------------------------------------------------------------------------------- Carolyn M. Afshar Herndon, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------- Richard F. Albosta New Providence, New Jersey (7) - ---------------------------------------------------------------------------------------------------------------------------- Philip R. Aldridge P D Herndon, Virginia (1) D P P - ---------------------------------------------------------------------------------------------------------------------------- Steven R. Anastasio Herndon, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------- Carmen Andreoli Houston, Texas (33) - ---------------------------------------------------------------------------------------------------------------------------- Michael Ashford Herndon, Virginia (1) S - ---------------------------------------------------------------------------------------------------------------------------- Gary W. Babin Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------- Ross E. Bailey Herndon, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------- Gary A. Barnard Charleston, West Virginia (35) - ---------------------------------------------------------------------------------------------------------------------------- T. J. Barrymore Herndon, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------- Laura M. Bateman Richmond, Virginia (25) - ---------------------------------------------------------------------------------------------------------------------------- Richard W. Beardsley Charleston, West Virginia (18) - ---------------------------------------------------------------------------------------------------------------------------- Margaret W. Beasley Richmond, Virginia (17) - ---------------------------------------------------------------------------------------------------------------------------- Robert H. Beeby Green Farms, Connecticut (4) - ---------------------------------------------------------------------------------------------------------------------------- Napoleon A. Bell Henderson, Nevada (5) - ---------------------------------------------------------------------------------------------------------------------------- Tejinder S. Bindra Herndon, Virginia (1) D - ----------------------------------------------------------------------------------------------------------------------------
17 19 ITEM 6. Continued
================================================================================ CRL CEH CGG CGR CEL TCO CGT - -------------------------------------------------------------------------------- Catherine G. Abbott D, P D Fairfax, Virginia (23) CEO CEO - -------------------------------------------------------------------------------- Carolyn M. Afshar Herndon, Virginia (1) - -------------------------------------------------------------------------------- Richard F. Albosta New Providence, New Jersey (7) - -------------------------------------------------------------------------------- Philip R. Aldridge Herndon, Virginia (1) - -------------------------------------------------------------------------------- Steven R. Anastasio Herndon, Virginia (1) - -------------------------------------------------------------------------------- Carmen Andreoli Houston, Texas (33) - -------------------------------------------------------------------------------- Michael Ashford Herndon, Virginia (1) - -------------------------------------------------------------------------------- Gary W. Babin Columbus, Ohio (2) - -------------------------------------------------------------------------------- Ross E. Bailey Herndon, Virginia (1) - -------------------------------------------------------------------------------- Gary A. Barnard T T Charleston, West Virginia (35) C C - -------------------------------------------------------------------------------- T. J. Barrymore Herndon, Virginia (1) - -------------------------------------------------------------------------------- Laura M. Bateman Richmond, Virginia (25) - -------------------------------------------------------------------------------- Richard W. Beardsley Charleston, West Virginia (18) - -------------------------------------------------------------------------------- Margaret W. Beasley Richmond, Virginia (17) - -------------------------------------------------------------------------------- Robert H. Beeby Green Farms, Connecticut (4) - -------------------------------------------------------------------------------- Napoleon A. Bell Henderson, Nevada (5) - -------------------------------------------------------------------------------- Tejinder S. Bindra Herndon, Virginia (1) - --------------------------------------------------------------------------------
18 20 ITEM 6. Continued
=========================================================================================================================== CKY COH CMD CPA CGV CS CLG CLNG CER CNR HH AD CU - --------------------------------------------------------------------------------------------------------------------------- Mary C. Bloom Fairfax, Virginia (23) - --------------------------------------------------------------------------------------------------------------------------- Douglas G. Borror Dublin, Ohio (32) D - --------------------------------------------------------------------------------------------------------------------------- Debbie Bowyer Charleston, West Virginia (18) T - --------------------------------------------------------------------------------------------------------------------------- Andrew Mason Brent Richmond, Virginia (17) - --------------------------------------------------------------------------------------------------------------------------- L. Michael Bridges CEO CEO Herndon, Virginia (1) P,D P,D - --------------------------------------------------------------------------------------------------------------------------- Donald A. Brooks Charleston, West Virginia (35) - --------------------------------------------------------------------------------------------------------------------------- Wilson K. Cadman Wichita, Kansas (11) D - --------------------------------------------------------------------------------------------------------------------------- Reginald L. Carter Columbus, Ohio (2) SVP - --------------------------------------------------------------------------------------------------------------------------- Richard Casali Washington, DC (3) VP - --------------------------------------------------------------------------------------------------------------------------- Michael Casdorph Charleston, West Virginia (35) - --------------------------------------------------------------------------------------------------------------------------- Shawn E. Casey Charleston, West Virginia (18) VP - --------------------------------------------------------------------------------------------------------------------------- Mark A. Chandler VP VP D D Charleston, West Virginia (18) T CFO T VP,T T - --------------------------------------------------------------------------------------------------------------------------- Kenneth W. Christman Pittsburgh, Pennsylvania (26) GC GC - --------------------------------------------------------------------------------------------------------------------------- Neil K. Cody Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Mark C. Darell GC Richmond, Virginia (25) D - --------------------------------------------------------------------------------------------------------------------------- Rene Dartez Houston, Texas (13) - --------------------------------------------------------------------------------------------------------------------------- Bruce Dawson Herndon, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------
19 21 ITEM 6. Continued
========================================================================================================================== CG CPC AEI CES CEM CPM CSP ECC CAA CCC CTC TGT CNS - -------------------------------------------------------------------------------------------------------------------------- Mary C. Bloom Fairfax, Virginia (23) - -------------------------------------------------------------------------------------------------------------------------- Douglas G. Borror Dublin, Ohio (32) - -------------------------------------------------------------------------------------------------------------------------- Debbie Bowyer Charleston, West Virginia (18) - -------------------------------------------------------------------------------------------------------------------------- Andrew Mason Brent P CB Richmond, Virginia (17) D D - -------------------------------------------------------------------------------------------------------------------------- L. Michael Bridges Herndon, Virginia (1) - -------------------------------------------------------------------------------------------------------------------------- Donald A. Brooks Charleston, West Virginia (35) - -------------------------------------------------------------------------------------------------------------------------- Wilson K. Cadman Wichita, Kansas (11) D - -------------------------------------------------------------------------------------------------------------------------- Reginald L. Carter Columbus, Ohio (2) - -------------------------------------------------------------------------------------------------------------------------- Richard Casali Washington, DC (3) - -------------------------------------------------------------------------------------------------------------------------- Michael Casdorph Charleston, West Virginia (35) - -------------------------------------------------------------------------------------------------------------------------- Shawn E. Casey Charleston, West Virginia (18) - -------------------------------------------------------------------------------------------------------------------------- Mark A. Chandler Charleston, West Virginia (18) - -------------------------------------------------------------------------------------------------------------------------- Kenneth W. Christman Pittsburgh, Pennsylvania (26) - -------------------------------------------------------------------------------------------------------------------------- Neil K. Cody Herndon, Virginia (1) - -------------------------------------------------------------------------------------------------------------------------- Mark C. Darell Richmond, Virginia (25) - -------------------------------------------------------------------------------------------------------------------------- Rene Dartez Houston, Texas (13) - -------------------------------------------------------------------------------------------------------------------------- Bruce Dawson Herndon, Virginia (1) VP - --------------------------------------------------------------------------------------------------------------------------
20 22 ITEM 6. Continued
============================================================================================================================ CMC EN CIC CPL CDW CAT CEC CGP CLP CBG CBL CVG CVL - ---------------------------------------------------------------------------------------------------------------------------- Mary C. Bloom Fairfax, Virginia (23) - ---------------------------------------------------------------------------------------------------------------------------- Douglas G. Borror Dublin, Ohio (32) - ---------------------------------------------------------------------------------------------------------------------------- Debbie Bowyer Charleston, West Virginia (18) - ---------------------------------------------------------------------------------------------------------------------------- Andrew Mason Brent Richmond, Virginia (17) - ---------------------------------------------------------------------------------------------------------------------------- L. Michael Bridges P,CEO Herndon, Virginia (1) D - ---------------------------------------------------------------------------------------------------------------------------- Donald A. Brooks Charleston, West Virginia (35) - ---------------------------------------------------------------------------------------------------------------------------- Wilson K. Cadman Wichita, Kansas (11) - ---------------------------------------------------------------------------------------------------------------------------- Reginald L. Carter Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------- Richard Casali Washington, DC (3) - ---------------------------------------------------------------------------------------------------------------------------- Michael Casdorph Charleston, West Virginia (35) - ---------------------------------------------------------------------------------------------------------------------------- Shawn E. Casey Charleston, West Virginia (18) - ---------------------------------------------------------------------------------------------------------------------------- Mark A. Chandler Charleston, West Virginia (18) - ---------------------------------------------------------------------------------------------------------------------------- Kenneth W. Christman Pittsburgh, Pennsylvania (26) - ---------------------------------------------------------------------------------------------------------------------------- Neil K. Cody Herndon, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------- Mark C. Darell Richmond, Virginia (25) - ---------------------------------------------------------------------------------------------------------------------------- Rene Dartez Houston, Texas (13) - ---------------------------------------------------------------------------------------------------------------------------- Bruce Dawson Herndon, Virginia (1) - ----------------------------------------------------------------------------------------------------------------------------
21 23 ITEM 6. Continued
================================================================================ CRL CEH CGG CGR CEL TCO CGT - -------------------------------------------------------------------------------- Mary C. Bloom Fairfax, Virginia (23) VP - -------------------------------------------------------------------------------- Douglas G. Borror Dublin, Ohio (32) - -------------------------------------------------------------------------------- Debbie Bowyer Charleston, West Virginia (18) - -------------------------------------------------------------------------------- Andrew Mason Brent Richmond, Virginia (17) - -------------------------------------------------------------------------------- L. Michael Bridges Herndon, Virginia (1) - -------------------------------------------------------------------------------- Donald A. Brooks Charleston, West Virginia (35) VP - -------------------------------------------------------------------------------- Wilson K. Cadman Wichita, Kansas (11) - -------------------------------------------------------------------------------- Reginald L. Carter Columbus, Ohio (2) - -------------------------------------------------------------------------------- Richard Casali Washington, DC (3) - -------------------------------------------------------------------------------- Michael Casdorph Charleston, West Virginia (35) SVP - -------------------------------------------------------------------------------- Shawn E. Casey Charleston, West Virginia (18) - -------------------------------------------------------------------------------- Mark A. Chandler Charleston, West Virginia (18) - -------------------------------------------------------------------------------- Kenneth W. Christman Pittsburgh, Pennsylvania (26) - -------------------------------------------------------------------------------- Neil K. Cody Herndon, Virginia (1) VP VP VP - -------------------------------------------------------------------------------- Mark C. Darell Richmond, Virginia (25) - -------------------------------------------------------------------------------- Rene Dartez Houston, Texas (13) VP - -------------------------------------------------------------------------------- Bruce Dawson Herndon, Virginia (1) - --------------------------------------------------------------------------------
22 24 ITEM 6. Continued
========================================================================================================================== CKY COH CMD CPA CGV CS CLG CLNG CER CNR HH AD CU - -------------------------------------------------------------------------------------------------------------------------- Clay Deaton Houston, Texas (33) - -------------------------------------------------------------------------------------------------------------------------- Dennis P. Detar Herndon, Virginia (1) - -------------------------------------------------------------------------------------------------------------------------- Bruce M. Diamond Herndon, Virginia (1) VP - -------------------------------------------------------------------------------------------------------------------------- James H. Dissen Charleston, West Virginia (18) VP - -------------------------------------------------------------------------------------------------------------------------- Sheree L. Parks Downey Charleston, West Virginia (35) - -------------------------------------------------------------------------------------------------------------------------- Scott S. Eblin Charleston, West Virginia (35) - -------------------------------------------------------------------------------------------------------------------------- John T. Fay Herndon, Virginia (1) VP - -------------------------------------------------------------------------------------------------------------------------- Paul Feldman Herndon, Virginia (1) - -------------------------------------------------------------------------------------------------------------------------- Mark A. Ferman Charleston, West Virginia (18) VP - -------------------------------------------------------------------------------------------------------------------------- Sharon Flanery Charleston, West Virginia (35) - -------------------------------------------------------------------------------------------------------------------------- Louis E. Font SVP Herndon, Virginia (1) D - -------------------------------------------------------------------------------------------------------------------------- Michael J. Fox Herndon, Virginia (1) - -------------------------------------------------------------------------------------------------------------------------- Donato Furlano Herndon, Virginia (1) - -------------------------------------------------------------------------------------------------------------------------- V. Galio Charleston, West Virginia (35) - -------------------------------------------------------------------------------------------------------------------------- Phil Glaessner Houston, Texas (33) - -------------------------------------------------------------------------------------------------------------------------- Dr. Michael J. Gluckman Herndon, Virginia (1) - -------------------------------------------------------------------------------------------------------------------------- Stephen E. Greene Columbus, Ohio (2) VP - --------------------------------------------------------------------------------------------------------------------------
23 25 ITEM 6. Continued
=========================================================================================================================== CG CPC AEI CES CEM CPM CSP ECC CAA CCC CTC TGT CNS - --------------------------------------------------------------------------------------------------------------------------- Clay Deaton Houston, Texas (33) VP VP VP - --------------------------------------------------------------------------------------------------------------------------- Dennis P. Detar Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Bruce M. Diamond Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- James H. Dissen Charleston, West Virginia (18) - --------------------------------------------------------------------------------------------------------------------------- Sheree L. Parks Downey Charleston, West Virginia (35) - --------------------------------------------------------------------------------------------------------------------------- Scott S. Eblin Charleston, West Virginia (35) - --------------------------------------------------------------------------------------------------------------------------- John T. Fay Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Paul Feldman CEO CEO CEO CEO CEO P Herndon, Virginia (1) D,P D,P D,P D,P D D - --------------------------------------------------------------------------------------------------------------------------- Mark A. Ferman Charleston, West Virginia (18) - --------------------------------------------------------------------------------------------------------------------------- Sharon Flanery Charleston, West Virginia (35) S - --------------------------------------------------------------------------------------------------------------------------- Louis E. Font Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Michael J. Fox Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Donato Furlano Herndon, Virginia (1) T - --------------------------------------------------------------------------------------------------------------------------- V. Galio Charleston, West Virginia (35) - --------------------------------------------------------------------------------------------------------------------------- Phil Glaessner Houston, Texas (33) SVP SVP SVP - --------------------------------------------------------------------------------------------------------------------------- Dr. Michael J. Gluckman Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Stephen E. Greene Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------
24 26 ITEM 6. Continued
=========================================================================================================================== CMC EN CIC CPL CDW CAT CEC CGP CLP CBG CBL CVG CVL - --------------------------------------------------------------------------------------------------------------------------- Clay Deaton Houston, Texas (33) - --------------------------------------------------------------------------------------------------------------------------- Dennis P. Detar Herndon, Virginia (1) T T T T T T T - --------------------------------------------------------------------------------------------------------------------------- Bruce M. Diamond Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- James H. Dissen Charleston, West Virginia (18) - --------------------------------------------------------------------------------------------------------------------------- Sheree L. Parks Downey Charleston, West Virginia (35) - --------------------------------------------------------------------------------------------------------------------------- Scott S. Eblin Charleston, West Virginia (35) - --------------------------------------------------------------------------------------------------------------------------- John T. Fay Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Paul Feldman Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Mark A. Ferman Charleston, West Virginia (18) - --------------------------------------------------------------------------------------------------------------------------- Sharon Flanery Charleston, West Virginia (35) - --------------------------------------------------------------------------------------------------------------------------- Louis E. Font Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Michael J. Fox Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Donato Furlano Herndon, Virginia (1) T - --------------------------------------------------------------------------------------------------------------------------- V. Galio Charleston, West Virginia (35) - --------------------------------------------------------------------------------------------------------------------------- Phil Glaessner Houston, Texas (33) - --------------------------------------------------------------------------------------------------------------------------- Dr. Michael J. Gluckman CB,P CEO CEO CEO CEO CEO CEO Herndon, Virginia (1) CEO,D P,D P,D P,D P,D P,D P,D - --------------------------------------------------------------------------------------------------------------------------- Stephen E. Greene Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------
25 27 ITEM 6. Continued
================================================================================ CRL CEH CGG CGR CEL TCO CGT - -------------------------------------------------------------------------------- Clay Deaton Houston, Texas (33) - -------------------------------------------------------------------------------- Dennis P. Detar Herndon, Virginia (1) T T T T T - -------------------------------------------------------------------------------- Bruce M. Diamond Herndon, Virginia (1) - -------------------------------------------------------------------------------- James H. Dissen Charleston, West Virginia (18) - -------------------------------------------------------------------------------- Sheree L. Parks Downey Charleston, West Virginia (35) VP - -------------------------------------------------------------------------------- Scott S. Eblin Charleston, West Virginia (35) VP VP - -------------------------------------------------------------------------------- John T. Fay Herndon, Virginia (1) - -------------------------------------------------------------------------------- Paul Feldman Herndon, Virginia (1) - -------------------------------------------------------------------------------- Mark A. Ferman Charleston, West Virginia (18) - -------------------------------------------------------------------------------- Sharon Flanery Charleston, West Virginia (35) - -------------------------------------------------------------------------------- Louis E. Font Herndon, Virginia (1) - -------------------------------------------------------------------------------- Michael J. Fox Herndon, Virginia (1) VP - -------------------------------------------------------------------------------- Donato Furlano Herndon, Virginia (1) - -------------------------------------------------------------------------------- V. Galio Charleston, West Virginia (35) VP - -------------------------------------------------------------------------------- Phil Glaessner Houston, Texas (33) - -------------------------------------------------------------------------------- Dr. Michael J. Gluckman CEO CEO CB,P CB,P CEO Herndon, Virginia (1) P,D P,D CEO,D CEO,D P,D - -------------------------------------------------------------------------------- Stephen E. Greene Columbus, Ohio (2) - --------------------------------------------------------------------------------
26 28 ITEM 6. Continued
=========================================================================================================================== CKY COH CMD CPA CGV CS CLG CLNG CER CNR HH AD CU - --------------------------------------------------------------------------------------------------------------------------- Jeffrey W. Grossman VP Herndon, Virginia (1) C - --------------------------------------------------------------------------------------------------------------------------- Frederick R. Gumbinner Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Patricia A. Hammick SVP Herndon, Virginia (1) D - --------------------------------------------------------------------------------------------------------------------------- Janis L. Hannuksela Richmond, Virginia (25) T - --------------------------------------------------------------------------------------------------------------------------- Michael Hardy Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- William H. Harmon P P P P,CEO Charleston, West Virginia (18) CEO,D D D D - --------------------------------------------------------------------------------------------------------------------------- James W. Hart, Jr. Houston, Texas (13) - --------------------------------------------------------------------------------------------------------------------------- Edward D. Harvey, Jr. Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Stephen J. Harvey Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Sharon B. Heaton GC Herndon, Virginia (1) VP - --------------------------------------------------------------------------------------------------------------------------- W. F. Hederman Fairfax, Virginia (23) - --------------------------------------------------------------------------------------------------------------------------- James P. Heffernan Millbrook, New York (12) D - --------------------------------------------------------------------------------------------------------------------------- Karen L. Hendrick Mason, Ohio (9) D - --------------------------------------------------------------------------------------------------------------------------- Malcolm T. Hopkins Asheville, North Carolina (20) D - --------------------------------------------------------------------------------------------------------------------------- John Hritcko, Jr. Herndon, Virginia (1) D - --------------------------------------------------------------------------------------------------------------------------- Thomas L. Hughes Herndon, Virginia (1) VP - --------------------------------------------------------------------------------------------------------------------------- Philip J. Iracane Richmond, Virginia (25) VP - ---------------------------------------------------------------------------------------------------------------------------
27 29 ITEM 6. Continued
=========================================================================================================================== CG CPC AEI CES CEM CPM CSP ECC CAA CCC CTC TGT CNS - --------------------------------------------------------------------------------------------------------------------------- Jeffrey W. Grossman VP Herndon, Virginia (1) C T C T - --------------------------------------------------------------------------------------------------------------------------- Frederick R. Gumbinner Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Patricia A. Hammick Herndon, Virginia (1) D - --------------------------------------------------------------------------------------------------------------------------- Janis L. Hannuksela Richmond, Virginia (25) - --------------------------------------------------------------------------------------------------------------------------- Michael Hardy Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- William H. Harmon Charleston, West Virginia (18) - --------------------------------------------------------------------------------------------------------------------------- James W. Hart, Jr. Houston, Texas (13) - --------------------------------------------------------------------------------------------------------------------------- Edward D. Harvey, Jr. Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Stephen J. Harvey Herndon, Virginia (1) SVP SVP SVP D - --------------------------------------------------------------------------------------------------------------------------- Sharon B. Heaton Herndon, Virginia (1) S D - --------------------------------------------------------------------------------------------------------------------------- W. F. Hederman Fairfax, Virginia (23) - --------------------------------------------------------------------------------------------------------------------------- James P. Heffernan Millbrook, New York (12) D - --------------------------------------------------------------------------------------------------------------------------- Karen L. Hendrick Mason, Ohio (9) D - --------------------------------------------------------------------------------------------------------------------------- Malcolm T. Hopkins Asheville, North Carolina (20) D - --------------------------------------------------------------------------------------------------------------------------- John Hritcko, Jr. Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Thomas L. Hughes Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Philip J. Iracane Richmond, Virginia (25) - ---------------------------------------------------------------------------------------------------------------------------
28 30 ITEM 6. Continued
=========================================================================================================================== CMC EN CIC CPL CDW CAT CEC CGP CLP CBG CBL CVG CVL - --------------------------------------------------------------------------------------------------------------------------- Jeffrey W. Grossman T Herndon, Virginia (1) D T T D - --------------------------------------------------------------------------------------------------------------------------- Frederick R. Gumbinner D D D D D D Herndon, Virginia (1) S S S S S S S - --------------------------------------------------------------------------------------------------------------------------- Patricia A. Hammick Herndon, Virginia (1) D - --------------------------------------------------------------------------------------------------------------------------- Janis L. Hannuksela Richmond, Virginia (25) - --------------------------------------------------------------------------------------------------------------------------- Michael Hardy Herndon, Virginia (1) D - --------------------------------------------------------------------------------------------------------------------------- William H. Harmon Charleston, West Virginia (18) - --------------------------------------------------------------------------------------------------------------------------- James W. Hart, Jr. Houston, Texas (13) - --------------------------------------------------------------------------------------------------------------------------- Edward D. Harvey, Jr. Herndon, Virginia (1) T T - --------------------------------------------------------------------------------------------------------------------------- Stephen J. Harvey Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Sharon B. Heaton Herndon, Virginia (1) D,VP S S S - --------------------------------------------------------------------------------------------------------------------------- W. F. Hederman Fairfax, Virginia (23) - --------------------------------------------------------------------------------------------------------------------------- James P. Heffernan Millbrook, New York (12) - --------------------------------------------------------------------------------------------------------------------------- Karen L. Hendrick Mason, Ohio (9) - --------------------------------------------------------------------------------------------------------------------------- Malcolm T. Hopkins Asheville, North Carolina (20) - --------------------------------------------------------------------------------------------------------------------------- John Hritcko, Jr. Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Thomas L. Hughes Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Philip J. Iracane Richmond, Virginia (25) - ---------------------------------------------------------------------------------------------------------------------------
29 31 ITEM 6. Continued
================================================================================ CRL CEH CGG CGR CEL TCO CGT - -------------------------------------------------------------------------------- Jeffrey W. Grossman Herndon, Virginia (1) - -------------------------------------------------------------------------------- Frederick R. Gumbinner D D D Herndon, Virginia (1) S S S - -------------------------------------------------------------------------------- Patricia A. Hammick Herndon, Virginia (1) - -------------------------------------------------------------------------------- Janis L. Hannuksela Richmond, Virginia (25) - -------------------------------------------------------------------------------- Michael Hardy Herndon, Virginia (1) - -------------------------------------------------------------------------------- William H. Harmon Charleston, West Virginia (18) - -------------------------------------------------------------------------------- James W. Hart, Jr. Houston, Texas (13) VP - -------------------------------------------------------------------------------- Edward D. Harvey, Jr. Herndon, Virginia (1) - -------------------------------------------------------------------------------- Stephen J. Harvey Herndon, Virginia (1) - -------------------------------------------------------------------------------- Sharon B. Heaton Herndon, Virginia (1) - -------------------------------------------------------------------------------- W. F. Hederman Fairfax, Virginia (23) VP - -------------------------------------------------------------------------------- James P. Heffernan Millbrook, New York (12) - -------------------------------------------------------------------------------- Karen L. Hendrick Mason, Ohio (9) - -------------------------------------------------------------------------------- Malcolm T. Hopkins Asheville, North Carolina (20) - -------------------------------------------------------------------------------- John Hritcko, Jr. Herndon, Virginia (1) - -------------------------------------------------------------------------------- Thomas L. Hughes Herndon, Virginia (1) - -------------------------------------------------------------------------------- Philip J. Iracane Richmond, Virginia (25) - --------------------------------------------------------------------------------
30 32 ITEM 6. Continued
=========================================================================================================================== CKY COH CMD CPA CGV CS CLG CLNG CER CNR HH AD CU - --------------------------------------------------------------------------------------------------------------------------- Edward P. Jarmas Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- James A. Jarrell Charleston, West Virginia (35) - --------------------------------------------------------------------------------------------------------------------------- Mike John Charleston, West Virginia (18) VP - --------------------------------------------------------------------------------------------------------------------------- J. Bennett Johnston Washington, D.C. (16) D - --------------------------------------------------------------------------------------------------------------------------- Malcolm Jozoff Scottsdale, Arizona (10) D - --------------------------------------------------------------------------------------------------------------------------- Joseph W. Kelly VP Lexington, Kentucky (24) COO - --------------------------------------------------------------------------------------------------------------------------- Charlotte P. Kessler New Albany, Ohio (21) D - --------------------------------------------------------------------------------------------------------------------------- Glen L. Kettering Fairfax, Virginia (23) - --------------------------------------------------------------------------------------------------------------------------- Peter J. Kinsella Fairfax, Virginia (23) - --------------------------------------------------------------------------------------------------------------------------- William E. Kirwan Columbus, Ohio (14) D - --------------------------------------------------------------------------------------------------------------------------- Fredrick G. Kolb D Charleston, West Virginia (18) VP VP VP VP - --------------------------------------------------------------------------------------------------------------------------- Marshall D. Lang Canonsburg, Pennsylvania (28) - --------------------------------------------------------------------------------------------------------------------------- Nancy Laranjo Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- William J, Lavelle Columbus, Ohio (2) VP VP VP VP - --------------------------------------------------------------------------------------------------------------------------- William E. Lavery Blacksburg, Virginia (22) D - --------------------------------------------------------------------------------------------------------------------------- Rick Lawler Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- James R. Lee Columbus, Ohio (2) SVP SVP SVP SVP SVP - ---------------------------------------------------------------------------------------------------------------------------
31 33 ITEM 6. Continued
=========================================================================================================================== CG CPC AEI CES CEM CPM CSP ECC CAA CCC CTC TGT CNS - --------------------------------------------------------------------------------------------------------------------------- Edward P. Jarmas Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- James A. Jarrell Charleston, West Virginia (35) - --------------------------------------------------------------------------------------------------------------------------- Mike John Charleston, West Virginia (18) - --------------------------------------------------------------------------------------------------------------------------- J. Bennett Johnston Washington, D.C. (16) D - --------------------------------------------------------------------------------------------------------------------------- Malcolm Jozoff Scottsdale, Arizona (10) 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) - --------------------------------------------------------------------------------------------------------------------------- William E. Kirwan Columbus, Ohio (14) - --------------------------------------------------------------------------------------------------------------------------- Fredrick G. Kolb Charleston, West Virginia (18) VP - --------------------------------------------------------------------------------------------------------------------------- Marshall D. Lang Canonsburg, Pennsylvania (28) VP VP VP - --------------------------------------------------------------------------------------------------------------------------- Nancy Laranjo Herndon, Virginia (1) VP - --------------------------------------------------------------------------------------------------------------------------- William J, Lavelle Columbus, Ohio (2) - --------------------------------------------------------------------------------------------------------------------------- William E. Lavery Blacksburg, Virginia (22) D - --------------------------------------------------------------------------------------------------------------------------- Rick Lawler C Herndon, Virginia (1) T T D - --------------------------------------------------------------------------------------------------------------------------- James R. Lee Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------
32 34 ITEM 6. Continued
=========================================================================================================================== CMC EN CIC CPL CDW CAT CEC CGP CLP CBG CBL CVG CVL - --------------------------------------------------------------------------------------------------------------------------- Edward P. Jarmas Herndon, Virginia (1) VP - --------------------------------------------------------------------------------------------------------------------------- James A. Jarrell Charleston, West Virginia (35) - --------------------------------------------------------------------------------------------------------------------------- Mike John Charleston, West Virginia (18) - --------------------------------------------------------------------------------------------------------------------------- J. Bennett Johnston Washington, D.C. (16) - --------------------------------------------------------------------------------------------------------------------------- Malcolm Jozoff Scottsdale, Arizona (10) - --------------------------------------------------------------------------------------------------------------------------- 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) - --------------------------------------------------------------------------------------------------------------------------- William E. Kirwan Columbus, Ohio (14) - --------------------------------------------------------------------------------------------------------------------------- Fredrick G. Kolb Charleston, West Virginia (18) VP - --------------------------------------------------------------------------------------------------------------------------- Marshall D. Lang Canonsburg, Pennsylvania (28) - --------------------------------------------------------------------------------------------------------------------------- Nancy Laranjo Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- William J, Lavelle Columbus, Ohio (2) - --------------------------------------------------------------------------------------------------------------------------- William E. Lavery Blacksburg, Virginia (22) - --------------------------------------------------------------------------------------------------------------------------- Rick Lawler Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- James R. Lee Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------
33 35 ITEM 6. Continued
================================================================================ CRL CEH CGG CGR CEL TCO CGT - -------------------------------------------------------------------------------- Edward P. Jarmas Herndon, Virginia (1) - -------------------------------------------------------------------------------- James A. Jarrell S Charleston, West Virginia (35) GC - -------------------------------------------------------------------------------- Mike John Charleston, West Virginia (18) - -------------------------------------------------------------------------------- J. Bennett Johnston Washington, D.C. (16) - -------------------------------------------------------------------------------- Malcolm Jozoff Scottsdale, Arizona (10) - -------------------------------------------------------------------------------- Joseph W. Kelly Lexington, Kentucky (24) - -------------------------------------------------------------------------------- Charlotte P. Kessler New Albany, Ohio (21) - -------------------------------------------------------------------------------- Glen L. Kettering D Fairfax, Virginia (23) SVP - -------------------------------------------------------------------------------- Peter J. Kinsella Fairfax, Virginia (23) VP - -------------------------------------------------------------------------------- William E. Kirwan Columbus, Ohio (14) - -------------------------------------------------------------------------------- Fredrick G. Kolb Charleston, West Virginia (18) - -------------------------------------------------------------------------------- Marshall D. Lang Canonsburg, Pennsylvania (28) - -------------------------------------------------------------------------------- Nancy Laranjo Herndon, Virginia (1) - -------------------------------------------------------------------------------- William J, Lavelle Columbus, Ohio (2) - -------------------------------------------------------------------------------- William E. Lavery Blacksburg, Virginia (22) - -------------------------------------------------------------------------------- Rick Lawler Herndon, Virginia (1) - -------------------------------------------------------------------------------- James R. Lee Columbus, Ohio (2) - --------------------------------------------------------------------------------
34 36 ITEM 6. Continued
=========================================================================================================================== CKY COH CMD CPA CGV CS CLG CLNG CER CNR HH AD CU - --------------------------------------------------------------------------------------------------------------------------- Ed R. Lincoln Charleston, West Virginia (18) C C - --------------------------------------------------------------------------------------------------------------------------- Christopher J. Lord Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- C. Thomas Lowrie Pittsburgh, Pennsylvania (26) VP VP - --------------------------------------------------------------------------------------------------------------------------- David L. Lugar Houston, Texas (29) - --------------------------------------------------------------------------------------------------------------------------- Stephen T. MacQueen D Lusby, Maryland (19) C C - --------------------------------------------------------------------------------------------------------------------------- Philip L. Magley SVP Herndon, Virginia (1) D - --------------------------------------------------------------------------------------------------------------------------- Kenneth H. Marks, Jr. Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- W. Harris Marple Houston, Texas (13) - --------------------------------------------------------------------------------------------------------------------------- Stuart C. Maudlin Houston, Texas (13) - --------------------------------------------------------------------------------------------------------------------------- Gerald E. Mayo Hilton Head, S. Carolina (15) D - --------------------------------------------------------------------------------------------------------------------------- Don McClure Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Dennis W. McFarland SVP Columbus, Ohio (2) T T - --------------------------------------------------------------------------------------------------------------------------- James A. McGehee, Jr. Richmond, Virginia (17) - --------------------------------------------------------------------------------------------------------------------------- Terrance L. McGill Houston, Texas (13) - --------------------------------------------------------------------------------------------------------------------------- Steve R. Melton Houston, Texas (13) - --------------------------------------------------------------------------------------------------------------------------- Jeffrey A. Meyers Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Ellen L. Milnes Columbus, Ohio (2) VP - ---------------------------------------------------------------------------------------------------------------------------
35 37 ITEM 6. Continued
=========================================================================================================================== CG CPC AEI CES CEM CPM CSP ECC CAA CCC CTC TGT CNS - --------------------------------------------------------------------------------------------------------------------------- Ed R. Lincoln Charleston, West Virginia (18) - --------------------------------------------------------------------------------------------------------------------------- Christopher J. Lord Herndon, Virginia (1) S - --------------------------------------------------------------------------------------------------------------------------- C. Thomas Lowrie Pittsburgh, Pennsylvania (26) - --------------------------------------------------------------------------------------------------------------------------- David L. Lugar P Houston, Texas (29) D - --------------------------------------------------------------------------------------------------------------------------- Stephen T. MacQueen Lusby, Maryland (19) - --------------------------------------------------------------------------------------------------------------------------- Philip L. Magley Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Kenneth H. Marks, Jr. Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- W. Harris Marple Houston, Texas (13) - --------------------------------------------------------------------------------------------------------------------------- Stuart C. Maudlin Houston, Texas (13) - --------------------------------------------------------------------------------------------------------------------------- Gerald E. Mayo Hilton Head, S. Carolina (15) D - --------------------------------------------------------------------------------------------------------------------------- Don McClure CFO CFO CFO CFO Herndon, Virginia (1) D,T D,T D,T D CFO - --------------------------------------------------------------------------------------------------------------------------- Dennis W. McFarland Columbus, Ohio (2) - --------------------------------------------------------------------------------------------------------------------------- James A. McGehee, Jr. VP Richmond, Virginia (17) D - --------------------------------------------------------------------------------------------------------------------------- Terrance L. McGill Houston, Texas (13) - --------------------------------------------------------------------------------------------------------------------------- Steve R. Melton Houston, Texas (13) - --------------------------------------------------------------------------------------------------------------------------- Jeffrey A. Meyers Herndon, Virginia (1) VP D - --------------------------------------------------------------------------------------------------------------------------- Ellen L. Milnes Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------
36 38 ITEM 6. Continued
=========================================================================================================================== CMC EN CIC CPL CDW CAT CEC CGP CLP CBG CBL CVG CVL - --------------------------------------------------------------------------------------------------------------------------- Ed R. Lincoln Charleston, West Virginia (18) - --------------------------------------------------------------------------------------------------------------------------- Christopher J. Lord Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- C. Thomas Lowrie Pittsburgh, Pennsylvania (26) - --------------------------------------------------------------------------------------------------------------------------- David L. Lugar Houston, Texas (29) - --------------------------------------------------------------------------------------------------------------------------- Stephen T. MacQueen Lusby, Maryland (19) - --------------------------------------------------------------------------------------------------------------------------- Philip L. Magley Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Kenneth H. Marks, Jr. Herndon, Virginia (1) S - --------------------------------------------------------------------------------------------------------------------------- W. Harris Marple Houston, Texas (13) - --------------------------------------------------------------------------------------------------------------------------- Stuart C. Maudlin Houston, Texas (13) P - --------------------------------------------------------------------------------------------------------------------------- Gerald E. Mayo Hilton Head, S. Carolina (15) - --------------------------------------------------------------------------------------------------------------------------- Don McClure Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Dennis W. McFarland Columbus, Ohio (2) - --------------------------------------------------------------------------------------------------------------------------- James A. McGehee, Jr. Richmond, Virginia (17) - --------------------------------------------------------------------------------------------------------------------------- Terrance L. McGill Houston, Texas (13) D D - --------------------------------------------------------------------------------------------------------------------------- Steve R. Melton Houston, Texas (13) - --------------------------------------------------------------------------------------------------------------------------- Jeffrey A. Meyers Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Ellen L. Milnes Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------
37 39 ITEM 6. Continued
================================================================================ CRL CEH CGG CGR CEL TCO CGT - -------------------------------------------------------------------------------- Ed R. Lincoln Charleston, West Virginia (18) - -------------------------------------------------------------------------------- Christopher J. Lord Herndon, Virginia (1) - -------------------------------------------------------------------------------- C. Thomas Lowrie Pittsburgh, Pennsylvania (26) - -------------------------------------------------------------------------------- David L. Lugar Houston, Texas (29) - -------------------------------------------------------------------------------- Stephen T. MacQueen Lusby, Maryland (19) - -------------------------------------------------------------------------------- Philip L. Magley Herndon, Virginia (1) - -------------------------------------------------------------------------------- Kenneth H. Marks, Jr. Herndon, Virginia (1) - -------------------------------------------------------------------------------- W. Harris Marple Houston, Texas (13) VP - -------------------------------------------------------------------------------- Stuart C. Maudlin Houston, Texas (13) - -------------------------------------------------------------------------------- Gerald E. Mayo Hilton Head, S. Carolina (15) - -------------------------------------------------------------------------------- Don McClure Herndon, Virginia (1) - -------------------------------------------------------------------------------- Dennis W. McFarland Columbus, Ohio (2) - -------------------------------------------------------------------------------- James A. McGehee, Jr. Richmond, Virginia (17) - -------------------------------------------------------------------------------- Terrance L. McGill D Houston, Texas (13) SVP P - -------------------------------------------------------------------------------- Steve R. Melton VP Houston, Texas (13) GC,S - -------------------------------------------------------------------------------- Jeffrey A. Meyers Herndon, Virginia (1) - -------------------------------------------------------------------------------- Ellen L. Milnes Columbus, Ohio (2) - --------------------------------------------------------------------------------
38 40 ITEM 6. Continued
=========================================================================================================================== CKY COH CMD CPA CGV CS CLG CLNG CER CNR HH AD CU - --------------------------------------------------------------------------------------------------------------------------- Terrence J. Murphy Pittsburgh, Pennsylvania (26) SVP SVP - --------------------------------------------------------------------------------------------------------------------------- Richard A. Newbold Columbus, Ohio (2) VP - --------------------------------------------------------------------------------------------------------------------------- Sheldon M. Nordin Richmond, Virginia (17) - --------------------------------------------------------------------------------------------------------------------------- Gary B. Nunnally Houston, Texas (29) - --------------------------------------------------------------------------------------------------------------------------- Michael W. O'Donnell SVP Herndon, Virginia (1) CFO,D D D D D - --------------------------------------------------------------------------------------------------------------------------- Kathleen O' Leary Fairfax, Virginia (23) - --------------------------------------------------------------------------------------------------------------------------- Douglas E. Olesen Columbus, Ohio (27) D - --------------------------------------------------------------------------------------------------------------------------- James J. Ostertag Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Nicholas A. Parillo Herndon, Virginia (1) VP - --------------------------------------------------------------------------------------------------------------------------- John W. Partridge, Jr. Columbus, Ohio (2) SVP - --------------------------------------------------------------------------------------------------------------------------- David Pentzien Fairfax, Virginia (23) - --------------------------------------------------------------------------------------------------------------------------- Thomas E. Perkins, Jr. Richmond, Virginia (17) - --------------------------------------------------------------------------------------------------------------------------- Cheryl A. Peters Columbus, Ohio (2) VP - --------------------------------------------------------------------------------------------------------------------------- Dennis A. Pick Herndon, Virginia (1) VP - --------------------------------------------------------------------------------------------------------------------------- Thomas J. W. Pickard Columbus, Ohio (2) VP - --------------------------------------------------------------------------------------------------------------------------- R. Neal Pierce, Jr. VP VP D D Charleston, West Virginia (18) S GC,S S VP,S S - --------------------------------------------------------------------------------------------------------------------------- Olga A. Polemitou VP Herndon, Virginia (1) GA - ---------------------------------------------------------------------------------------------------------------------------
39 41 ITEM 6. Continued
=========================================================================================================================== CG CPC AEI CES CEM CPM CSP ECC CAA CCC CTC TGT CNS - --------------------------------------------------------------------------------------------------------------------------- Terrence J. Murphy Pittsburgh, Pennsylvania (26) - --------------------------------------------------------------------------------------------------------------------------- Richard A. Newbold Columbus, Ohio (2) - --------------------------------------------------------------------------------------------------------------------------- Sheldon M. Nordin Richmond, Virginia (17) T T - --------------------------------------------------------------------------------------------------------------------------- Gary B. Nunnally Houston, Texas (29) D - --------------------------------------------------------------------------------------------------------------------------- Michael W. O'Donnell SVP Herndon, Virginia (1) CFO D D D D - --------------------------------------------------------------------------------------------------------------------------- Kathleen O' Leary Fairfax, Virginia (23) - --------------------------------------------------------------------------------------------------------------------------- Douglas E. Olesen Columbus, Ohio (27) D - --------------------------------------------------------------------------------------------------------------------------- James J. Ostertag Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Nicholas A. Parillo Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- John W. Partridge, Jr. Columbus, Ohio (2) - --------------------------------------------------------------------------------------------------------------------------- David Pentzien Fairfax, Virginia (23) P - --------------------------------------------------------------------------------------------------------------------------- Thomas E. Perkins, Jr. Richmond, Virginia (17) VP D - --------------------------------------------------------------------------------------------------------------------------- Cheryl A. Peters Columbus, Ohio (2) - --------------------------------------------------------------------------------------------------------------------------- Dennis A. Pick Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Thomas J. W. Pickard Columbus, Ohio (2) - --------------------------------------------------------------------------------------------------------------------------- R. Neal Pierce, Jr. Charleston, West Virginia (18) - --------------------------------------------------------------------------------------------------------------------------- Olga A. Polemitou Herndon, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------
40 42 ITEM 6. Continued
=========================================================================================================================== CMC EN CIC CPL CDW CAT CEC CGP CLP CBG CBL CVG CVL - --------------------------------------------------------------------------------------------------------------------------- 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 Herndon, Virginia (1) D D D - --------------------------------------------------------------------------------------------------------------------------- Kathleen O' Leary Fairfax, Virginia (23) - --------------------------------------------------------------------------------------------------------------------------- Douglas E. Olesen Columbus, Ohio (27) - --------------------------------------------------------------------------------------------------------------------------- James J. Ostertag D Herndon, Virginia (1) VP - --------------------------------------------------------------------------------------------------------------------------- Nicholas A. Parillo D Herndon, Virginia (1) P - --------------------------------------------------------------------------------------------------------------------------- John W. Partridge, Jr. Columbus, Ohio (2) - --------------------------------------------------------------------------------------------------------------------------- David Pentzien Fairfax, Virginia (23) - --------------------------------------------------------------------------------------------------------------------------- Thomas E. Perkins, Jr. Richmond, Virginia (17) - --------------------------------------------------------------------------------------------------------------------------- Cheryl A. Peters Columbus, Ohio (2) - --------------------------------------------------------------------------------------------------------------------------- Dennis A. Pick Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Thomas J. W. Pickard Columbus, Ohio (2) - --------------------------------------------------------------------------------------------------------------------------- R. Neal Pierce, Jr. Charleston, West Virginia (18) - --------------------------------------------------------------------------------------------------------------------------- Olga A. Polemitou Herndon, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------
41 43 ITEM 6. Continued
================================================================================ CRL CEH CGG CGR CEL TCO CGT - -------------------------------------------------------------------------------- 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 Herndon, Virginia (1) D D - -------------------------------------------------------------------------------- Kathleen O' Leary Fairfax, Virginia (23) VP VP - -------------------------------------------------------------------------------- Douglas E. Olesen Columbus, Ohio (27) - -------------------------------------------------------------------------------- James J. Ostertag Herndon, Virginia (1) - -------------------------------------------------------------------------------- Nicholas A. Parillo Herndon, Virginia (1) - -------------------------------------------------------------------------------- John W. Partridge, Jr. Columbus, Ohio (2) - -------------------------------------------------------------------------------- David Pentzien Fairfax, Virginia (23) VP - -------------------------------------------------------------------------------- Thomas E. Perkins, Jr. Richmond, Virginia (17) - -------------------------------------------------------------------------------- Cheryl A. Peters Columbus, Ohio (2) - -------------------------------------------------------------------------------- Dennis A. Pick Herndon, Virginia (1) - -------------------------------------------------------------------------------- Thomas J. W. Pickard Columbus, Ohio (2) - -------------------------------------------------------------------------------- R. Neal Pierce, Jr. Charleston, West Virginia (18) - -------------------------------------------------------------------------------- Olga A. Polemitou Herndon, Virginia (1) - --------------------------------------------------------------------------------
42 44 ITEM 6. Continued
=========================================================================================================================== CKY COH CMD CPA CGV CS CLG CLNG CER CNR HH AD CU - --------------------------------------------------------------------------------------------------------------------------- Melanie K. Popovich Pittsburgh, Pennsylvania (26) VP VP - --------------------------------------------------------------------------------------------------------------------------- R. A. Rankin, Jr. Herndon, Virginia (1) VP - --------------------------------------------------------------------------------------------------------------------------- Sarah B. Raskin Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Oliver G. Richard III CB,P Herndon, Virginia (1) CEO,D D D D - --------------------------------------------------------------------------------------------------------------------------- Gary J. Robinson P P Pittsburgh, Pennsylvania (26) CEO,D CEO,D D - --------------------------------------------------------------------------------------------------------------------------- R. Robinson Charleston, West Virginia (35) - --------------------------------------------------------------------------------------------------------------------------- John G. Scanlon Herndon, Virginia (1) VP - --------------------------------------------------------------------------------------------------------------------------- Stephen A. Schmotzer Columbia, Ohio (2) VP - --------------------------------------------------------------------------------------------------------------------------- Glen E. Schuler Fairfax, Virginia (23) - --------------------------------------------------------------------------------------------------------------------------- Peter M. Schwolsky SVP Herndon, Virginia (1) CLO,D D D D - --------------------------------------------------------------------------------------------------------------------------- Joseph T. Sinclair Pittsburgh, Pennsylvania (26) VP VP - --------------------------------------------------------------------------------------------------------------------------- Eric Singleton Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Robert C. Skaggs, Jr. P P Columbus, Ohio (2) CEO,D CEO,D D - --------------------------------------------------------------------------------------------------------------------------- Rose M. Smith Columbus, Ohio (2) VP - --------------------------------------------------------------------------------------------------------------------------- Stephen P. Smith Fairfax, Virginia (23) - --------------------------------------------------------------------------------------------------------------------------- Lawrence D. Smore Richmond, Virgina (25) VP - --------------------------------------------------------------------------------------------------------------------------- Andrew J. Sonderman GC GC S S Columbus, Ohio (2) S, D S, D D D S - ---------------------------------------------------------------------------------------------------------------------------
43 45 ITEM 6. Continued
========================================================================================================================== CG CPC AEI CES CEM CPM CSP ECC CAA CCC CTC TGT CNS - -------------------------------------------------------------------------------------------------------------------------- Melanie K. Popovich Pittsburgh, Pennsylvania (26) - -------------------------------------------------------------------------------------------------------------------------- R. A. Rankin, Jr. Herndon, Virginia (1) - -------------------------------------------------------------------------------------------------------------------------- Sarah B. Raskin GC GC GC GC GC GC Herndon, Virginia (1) S,D S,D S,D S,D S,D S - -------------------------------------------------------------------------------------------------------------------------- Oliver G. Richard III CB,P Herndon, Virginia (1) CEO,D D - -------------------------------------------------------------------------------------------------------------------------- Gary J. Robinson Pittsburgh, Pennsylvania (26) - -------------------------------------------------------------------------------------------------------------------------- R. Robinson Charleston, West Virginia (35) - -------------------------------------------------------------------------------------------------------------------------- John G. Scanlon Herndon, Virginia (1) D D - -------------------------------------------------------------------------------------------------------------------------- Stephen A. Schmotzer Columbia, Ohio (2) - -------------------------------------------------------------------------------------------------------------------------- Glen E. Schuler Fairfax, Virginia (23) - -------------------------------------------------------------------------------------------------------------------------- Peter M. Schwolsky SVP Herndon, Virginia (1) CLO D - -------------------------------------------------------------------------------------------------------------------------- Joseph T. Sinclair Pittsburgh, Pennsylvania (26) - -------------------------------------------------------------------------------------------------------------------------- Eric Singleton VP Herndon, Virginia (1) CEO - -------------------------------------------------------------------------------------------------------------------------- Robert C. Skaggs, Jr. Columbus, Ohio (2) D - -------------------------------------------------------------------------------------------------------------------------- Rose M. Smith Columbus, Ohio (2) - -------------------------------------------------------------------------------------------------------------------------- Stephen P. Smith VP Fairfax, Virginia (23) T - -------------------------------------------------------------------------------------------------------------------------- Lawrence D. Smore Richmond, Virgina (25) - -------------------------------------------------------------------------------------------------------------------------- Andrew J. Sonderman Columbus, Ohio (2) - --------------------------------------------------------------------------------------------------------------------------
44 46 ITEM 6. Continued
============================================================================================================================ CMC EN CIC CPL CDW CAT CEC CGP CLP CBG CBL CVG CVL - ---------------------------------------------------------------------------------------------------------------------------- Melanie K. Popovich Pittsburgh, Pennsylvania (26) - ---------------------------------------------------------------------------------------------------------------------------- R. A. Rankin, Jr. Herndon, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------- Sarah B. Raskin Herndon, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------- Oliver G. Richard III Herndon, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------- Gary J. Robinson Pittsburgh, Pennsylvania (26) - ---------------------------------------------------------------------------------------------------------------------------- R. Robinson Charleston, West Virginia (35) - ---------------------------------------------------------------------------------------------------------------------------- John G. Scanlon Herndon, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------- Stephen A. Schmotzer Columbia, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------- Glen E. Schuler Fairfax, Virginia (23) - ---------------------------------------------------------------------------------------------------------------------------- Peter M. Schwolsky Herndon, Virginia (1) D - ---------------------------------------------------------------------------------------------------------------------------- Joseph T. Sinclair Pittsburgh, Pennsylvania (26) - ---------------------------------------------------------------------------------------------------------------------------- Eric Singleton Herndon, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------- Robert C. Skaggs, Jr. Columbus, Ohio (2) D - ---------------------------------------------------------------------------------------------------------------------------- Rose M. Smith Columbus, Ohio (2) - ---------------------------------------------------------------------------------------------------------------------------- Stephen P. Smith Fairfax, Virginia (23) - ---------------------------------------------------------------------------------------------------------------------------- Lawrence D. Smore Richmond, Virgina (25) - ---------------------------------------------------------------------------------------------------------------------------- Andrew J. Sonderman Columbus, Ohio (2) - ----------------------------------------------------------------------------------------------------------------------------
45 47 ITEM 6. Continued
================================================================================ CRL CEH CGG CGR CEL TCO CGT - -------------------------------------------------------------------------------- Melanie K. Popovich Pittsburgh, Pennsylvania (26) - -------------------------------------------------------------------------------- R. A. Rankin, Jr. Herndon, Virginia (1) - -------------------------------------------------------------------------------- Sarah B. Raskin Herndon, Virginia (1) - -------------------------------------------------------------------------------- Oliver G. Richard III Herndon, Virginia (1) D D - -------------------------------------------------------------------------------- Gary J. Robinson Pittsburgh, Pennsylvania (26) - -------------------------------------------------------------------------------- R. Robinson Charleston, West Virginia (35) VP - -------------------------------------------------------------------------------- John G. Scanlon Herndon, Virginia (1) - -------------------------------------------------------------------------------- Stephen A. Schmotzer Columbia, Ohio (2) - -------------------------------------------------------------------------------- Glen E. Schuler Fairfax, Virginia (23) VP - -------------------------------------------------------------------------------- Peter M. Schwolsky Herndon, Virginia (1) D D D - -------------------------------------------------------------------------------- Joseph T. Sinclair Pittsburgh, Pennsylvania (26) - -------------------------------------------------------------------------------- Eric Singleton Herndon, Virginia (1) - -------------------------------------------------------------------------------- Robert C. Skaggs, Jr. Columbus, Ohio (2) - -------------------------------------------------------------------------------- Rose M. Smith Columbus, Ohio (2) - -------------------------------------------------------------------------------- Stephen P. Smith D,SVP D,SVP Fairfax, Virginia (23) CFO CFO - -------------------------------------------------------------------------------- Lawrence D. Smore Richmond, Virgina (25) - -------------------------------------------------------------------------------- Andrew J. Sonderman Columbus, Ohio (2) - --------------------------------------------------------------------------------
46 48 ITEM 6. Continued
=========================================================================================================================== CKY COH CMD CPA CGV CS CLG CLNG CER CNR HH AD CU - --------------------------------------------------------------------------------------------------------------------------- Robert D. Stuart Fairfax, Virginia (23) - --------------------------------------------------------------------------------------------------------------------------- Bill Thomas Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------- Jerry A. Tischer Toledo, Ohio (8) VP - --------------------------------------------------------------------------------------------------------------------------- James W. Trost Herndon, Virginia (1) VP VP VP VP VP VP VP VP VP VP VP VP - --------------------------------------------------------------------------------------------------------------------------- Anthony Trubisz, Jr. P Richmond, Virgina (25) CEO,D D - --------------------------------------------------------------------------------------------------------------------------- Genevieve A. Tuchow Columbus, Ohio (2) VP - --------------------------------------------------------------------------------------------------------------------------- Tom Ulry Westerville, Ohio (34) - --------------------------------------------------------------------------------------------------------------------------- Roger Vari VP VP Pittsburgh, Pennsylvania (26) T T - --------------------------------------------------------------------------------------------------------------------------- Bernard T. Walsh Charleston, West Virginia (35) - --------------------------------------------------------------------------------------------------------------------------- Stephen M. Warnick Fairfax, Virginia (23) - --------------------------------------------------------------------------------------------------------------------------- Willard Watson, Jr. D Charleston, West Virginia (18) VP VP VP - --------------------------------------------------------------------------------------------------------------------------- Robert W. Welch, Jr. Herndon, Virginia (1) VP - --------------------------------------------------------------------------------------------------------------------------- Robert B. Wemyss, Jr. Richmond, Virginia (25) VP - --------------------------------------------------------------------------------------------------------------------------- William H. White Charleston, West Virginia (35) - --------------------------------------------------------------------------------------------------------------------------- R. H. Whitescarver Richmond, Virginia (17) - --------------------------------------------------------------------------------------------------------------------------- Larry L. Willeke Washington, D.C. (31) - --------------------------------------------------------------------------------------------------------------------------- Stephen M. Wilner Fairfax, Virginia (23) - ---------------------------------------------------------------------------------------------------------------------------
47 49 ITEM 6. Continued
========================================================================================================================= CG CPC AEI CES CEM CPM CSP ECC CAA CCC CTC TGT CNS - ------------------------------------------------------------------------------------------------------------------------- Robert D. Stuart Fairfax, Virginia (23) - ------------------------------------------------------------------------------------------------------------------------- Bill Thomas Herndon, Virginia (1) D - ------------------------------------------------------------------------------------------------------------------------- Jerry A. Tischer Toledo, Ohio (8) - ------------------------------------------------------------------------------------------------------------------------- James W. Trost Herndon, Virginia (1) VP VP VP VP VP VP VP VP VP VP VP - ------------------------------------------------------------------------------------------------------------------------- Anthony Trubisz, Jr. Richmond, Virgina (25) - ------------------------------------------------------------------------------------------------------------------------- Genevieve A. Tuchow Columbus, Ohio (2) - ------------------------------------------------------------------------------------------------------------------------- Tom Ulry P Westerville, Ohio (34) D - ------------------------------------------------------------------------------------------------------------------------- Roger Vari Pittsburgh, Pennsylvania (26) - ------------------------------------------------------------------------------------------------------------------------- Bernard T. Walsh Charleston, West Virginia (35) - ------------------------------------------------------------------------------------------------------------------------- Stephen M. Warnick Fairfax, Virginia (23) - ------------------------------------------------------------------------------------------------------------------------- Willard Watson, Jr. Charleston, West Virginia (18) - ------------------------------------------------------------------------------------------------------------------------- Robert W. Welch, Jr. Herndon, Virginia (1) - ------------------------------------------------------------------------------------------------------------------------- Robert B. Wemyss, Jr. Richmond, Virginia (25) - ------------------------------------------------------------------------------------------------------------------------- William H. White Charleston, West Virginia (35) - ------------------------------------------------------------------------------------------------------------------------- R. H. Whitescarver Richmond, Virginia (17) VP - ------------------------------------------------------------------------------------------------------------------------- Larry L. Willeke Washington, D.C. (31) - ------------------------------------------------------------------------------------------------------------------------- Stephen M. Wilner Fairfax, Virginia (23) - -------------------------------------------------------------------------------------------------------------------------
48 50 ITEM 6. Continued
========================================================================================================================== CMC EN CIC CPL CDW CAT CEC CGP CLP CBG CBL CVG CVL - -------------------------------------------------------------------------------------------------------------------------- Robert D. Stuart Fairfax, Virginia (23) - -------------------------------------------------------------------------------------------------------------------------- Bill Thomas Herndon, Virginia (1) - -------------------------------------------------------------------------------------------------------------------------- Jerry A. Tischer Toledo, Ohio (8) - -------------------------------------------------------------------------------------------------------------------------- James W. Trost Herndon, Virginia (1) VP VP VP VP VP VP VP VP VP VP VP VP - -------------------------------------------------------------------------------------------------------------------------- Anthony Trubisz, Jr. Richmond, Virgina (25) - -------------------------------------------------------------------------------------------------------------------------- Genevieve A. Tuchow Columbus, Ohio (2) - -------------------------------------------------------------------------------------------------------------------------- Tom Ulry Westerville, Ohio (34) - -------------------------------------------------------------------------------------------------------------------------- Roger Vari Pittsburgh, Pennsylvania (26) - -------------------------------------------------------------------------------------------------------------------------- Bernard T. Walsh Charleston, West Virginia (35) - -------------------------------------------------------------------------------------------------------------------------- Stephen M. Warnick Fairfax, Virginia (23) - -------------------------------------------------------------------------------------------------------------------------- Willard Watson, Jr. Charleston, West Virginia (18) - -------------------------------------------------------------------------------------------------------------------------- Robert W. Welch, Jr. Herndon, Virginia (1) - -------------------------------------------------------------------------------------------------------------------------- Robert B. Wemyss, Jr. Richmond, Virginia (25) - -------------------------------------------------------------------------------------------------------------------------- William H. White Charleston, West Virginia (35) - -------------------------------------------------------------------------------------------------------------------------- R. H. Whitescarver Richmond, Virginia (17) - -------------------------------------------------------------------------------------------------------------------------- Larry L. Willeke Washington, D.C. (31) - -------------------------------------------------------------------------------------------------------------------------- Stephen M. Wilner Fairfax, Virginia (23) - --------------------------------------------------------------------------------------------------------------------------
49 51 ITEM 6. Continued
=============================================================================== CRL CEH CGG CGR CEL TCO CGT - ------------------------------------------------------------------------------- Robert D. Stuart Fairfax, Virginia (23) VP VP - ------------------------------------------------------------------------------- Bill Thomas Herndon, Virginia (1) - ------------------------------------------------------------------------------- Jerry A. Tischer Toledo, Ohio (8) - ------------------------------------------------------------------------------- James W. Trost Herndon, Virginia (1) VP VP VP VP VP VP VP - ------------------------------------------------------------------------------- Anthony Trubisz, Jr. Richmond, Virgina (25) - ------------------------------------------------------------------------------- Genevieve A. Tuchow Columbus, Ohio (2) - ------------------------------------------------------------------------------- Tom Ulry Westerville, Ohio (34) - ------------------------------------------------------------------------------- Roger Vari Pittsburgh, Pennsylvania (26) - ------------------------------------------------------------------------------- Bernard T. Walsh Charleston, West Virginia (35) VP - ------------------------------------------------------------------------------- Stephen M. Warnick Fairfax, Virginia (23) VP VP - ------------------------------------------------------------------------------- Willard Watson, Jr. Charleston, West Virginia (18) - ------------------------------------------------------------------------------- Robert W. Welch, Jr. Herndon, Virginia (1) - ------------------------------------------------------------------------------- Robert B. Wemyss, Jr. Richmond, Virginia (25) - ------------------------------------------------------------------------------- William H. White Charleston, West Virginia (35) VP - ------------------------------------------------------------------------------- R. H. Whitescarver Richmond, Virginia (17) - ------------------------------------------------------------------------------- Larry L. Willeke Washington, D.C. (31) VP VP - ------------------------------------------------------------------------------- Stephen M. Wilner Fairfax, Virginia (23) VP VP - -------------------------------------------------------------------------------
50 52 ITEM 6. Continued
=========================================================================================================================== CKY COH CMD CPA CGV CS CLG CLNG CER CNR HH AD CU - --------------------------------------------------------------------------------------------------------------------------- William R. Wilson Exton, Pennsylvania (30) D - --------------------------------------------------------------------------------------------------------------------------- Robert M. Zulandi Herndon, Virginia (1) - ---------------------------------------------------------------------------------------------------------------------------
51 53 ITEM 6. Continued
========================================================================================================================== CG CPC AEI CES CEM CPM CSP ECC CAA CCC CTC TGT CNS - -------------------------------------------------------------------------------------------------------------------------- William R. Wilson Exton, Pennsylvania (30) D - -------------------------------------------------------------------------------------------------------------------------- Robert M. Zulandi Herndon, Virginia (1) - --------------------------------------------------------------------------------------------------------------------------
52 54 ITEM 6. Continued
=========================================================================================================================== CMC EN CIC CPL CDW CAT CEC CGP CLP CBG CBL CVG CVL - --------------------------------------------------------------------------------------------------------------------------- William R. Wilson Exton, Pennsylvania (30) - --------------------------------------------------------------------------------------------------------------------------- Robert M. Zulandi SVP SVP SVP SVP SVP SVP SVP Herndon, Virginia (1) D D D D D D D - ---------------------------------------------------------------------------------------------------------------------------
53 55 ITEM 6. Continued
================================================================================ CRL CEH CGG CGR CEL TCO CGT - -------------------------------------------------------------------------------- William R. Wilson Exton, Pennsylvania (30) - -------------------------------------------------------------------------------- Robert M. Zulandi SVP SVP SVP SVP SVP Herndon, Virginia (1) D D D D D - --------------------------------------------------------------------------------
54 56 Part II. Financial connections as of December 31, 1998*
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
* 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 1998 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 "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 Group, but also a means to provide a strong motivational vehicle for the achievement of key financial and strategic goals. The 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 Group over appropriate periods of time. This is how compensation is linked to corporate performance. To implement the pay for performance philosophy that the 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. - Provide total compensation rewards to executives in relation to the overall financial performance of the Corporation. 55 57 As a general matter, the executive compensation program is designed to provide base salary compensation levels that target the median of the marketplace in similar-sized energy and industrial companies; maintain equitable relationships among the compensation levels established for jobs within the 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 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. The Committee uses independent compensation consulting firms to assist it in determining the competitiveness of the Group's compensation plans and programs. In 1998, two such firms, Hewitt Associates, LLC and Towers Perrin, were principally used. IMPLEMENTATION OF PHILOSOPHY - The Group's executive compensation program is administered by the Committee. The Committee is composed of six independent, nonemployee Directors. As of December 31, 1998, the 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. 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 185 individuals comprising the executive and key employee group presently approximate the median for similar groups with corporations of similar size and complexity. At the minimum opportunity levels for earning Annual Incentive Compensation Plan and Long-Term Incentive Plan awards, the executive compensation program is designed to deliver 40 to 54 percent of total compensation in the form of base pay, dependent upon the executive's level in the executive compensation program. At the maximum opportunity levels, base pay represents 28 to 43 percent of an executive's compensation. 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. The Corporation is currently working with an outside consultant to examine the compensation levels of all positions in the executive compensation program. 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 1998 performance, granted in 1999 after financial results for 1998 were final, are reflected in the Summary Compensation Table and in the Executive Compensation Report subsection entitled "1998 Chief Executive Officer's Pay." The award opportunities for 1998 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 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. On February 17, 1999, in accordance with the Corporation's "pay for performance" philosophy, the Committee awarded cash awards in recognition of the Corporation's exceeding threshold CVA goals, financial performance compared to peer companies and for meeting specific business unit targets and based on 1998 individual employee performance. Awards were granted at various levels. The average award represented 24% of the average base salary of all executives receiving Annual Incentive Compensation Plan awards, excluding Mr. Richard, the Chairman, President and Chief Executive Officer ("CEO") of the Corporation. 56 58 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 Group companies through the granting of incentive stock options, nonqualified 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 most option awards, 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 most option awards for 1998, the Committee provided awards as a result of the Corporation's Total Shareholder Return exceeding the median Total Shareholder Return of the companies which comprise this peer group (excluding the Corporation). Dependent upon each employee's position, individual performance, and the Corporation's Total Shareholder Return, options for 3,000 to 40,000 shares may be awarded for performance at the third quartile (target, or above median), while options for 6,000 to 60,000 shares may be awarded for performance at the fourth quartile (stretch, or top quartile). Additional amounts can be awarded should an individual exceed his or her personal performance goals or if circumstances otherwise warrant. 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. The amount of dividend equivalent credits may not exceed the option purchase price less par value. The 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. Subject to shareholder approval, the plan was amended and restated on November 18, 1998 and further amended on February 17, 1999. Awards made in 1999 for 1998 performance are reflected in the Options Table elsewhere in this report as well as the subsection of this report entitled "1998 Chief Executive Officer's Pay." On February 22, 1999, the Committee awarded options for 1,444,700 shares (excluding Mr. Richard) of the Corporation's stock in the form of nonqualified stock options for 1998 Total Shareholder Return performance at the stretch level, with individual performance bearing on the number delivered to employees. Key employees who were granted non-qualified stock options received an average for 6,597 shares. 4. OTHER ARRANGEMENTS - Mr. Richard, 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 Group of Section 162(m) of the IRC, which imposes a limit on tax deductions that the 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 Group would be limited and, therefore, has decided not to take any action at this time to meet the requirements for a deduction. 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. 57 59 1998 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 1998 or 1997. ANNUAL INCENTIVE COMPENSATION - On February 17, 1999, in accordance with the Corporation's "pay for performance" compensation philosophy, the Committee approved a cash award for Mr. Richard of $295,300 under the Annual Incentive Compensation Plan in recognition of personal accomplishments and achievement of 1998 threshold financial performance. LONG-TERM INCENTIVE PLAN - On May 20, 1996, Mr. Richard received a grant of 29,785 shares (44,677 post-stock split 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 second 20 percent having vested on January 4, 1998. On February 22, 1999, based on 1998 Total Shareholder Return performance at the fourth (top) quartile and individual performance, the Committee awarded Mr. Richard, under the Long-Term Incentive Plan, a grant of nonqualified stock options to purchase 60,000 shares of common stock at a price of $49.59375 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 Malcolm Jozoff
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 entered into an employment agreement in 1995 (amended in 1996) with Mr. Richard for the position of Chairman, President and Chief Executive Officer 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. Upon retirement Mr. Richard may receive supplemental pension payments to make up the difference, if any, between the Group's pension benefits and those Mr. Richard would have received from his previous employer. The Corporation also entered into an employment agreement with Mr. Schwolsky in 1995 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. 58 60 The Corporation entered into an employment agreement in 1996 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. 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 Service Corporation. The agreement provided 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 provided that Mr. Kaskel was eligible to participate in benefits programs and all incentive compensation programs provided to other company executives. In addition, Mr. Kaskel was participating in a performance share award compensation feature under the Long-Term Incentive Plan. This offered 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 a five-year performance period. The predetermined performance measures to be used were Total Operating Income and Total Return On Invested Capital for all subsidiaries for which he had profit and loss responsibility. No award was 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 were achieved for both measures. The agreement also provided that should Mr. Kaskel's employment be terminated for any reason prior to the end of the five-year performance period, an assessment would be made of his actual achievements to date of termination in relationship to the financial measures governing the performance share feature, and he may have received a pro-rata award. Mr. Kaskel resigned from his employment effective August 31, 1998, and no shares of common stock were granted under the performance share feature. 59 61
================================================================================================================================ 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 Options/SARs Exercise or Expiration 5% ($) 10% ($) Securities Granted to Employees in Base Price Date Underlying Fiscal Year ($/Sh) Options/SARs Granted # - -------------------------------------------------------------------------------------------------------------------------------- O. G. Richard III Chairman, 60,000 4.0 49.59375 2/22/09 1,925,175* 5,079,375* President & CEO - -------------------------------------------------------------------------------------------------------------------------------- M. W. O'Donnell Senior Vice President & Chief Financial Officer 25,000 1.7 49.59375 2/22/09 802,156* 2,116,406* - -------------------------------------------------------------------------------------------------------------------------------- P. M. Schwolsky Senior Vice President & Chief Legal Officer 25,000 1.7 49.59375 2/22/09 802,156* 2,116,406* - -------------------------------------------------------------------------------------------------------------------------------- C. G. Abbott CEO of Corporation's Gas Transmission 25,000 1.7 49.59375 2/22/09 802,156* 2,116,406* Segment - -------------------------------------------------------------------------------------------------------------------------------- R. R. Kaskel Senior Vice President Columbia Energy Group Service Corporation 0 0 N/A N/A N/A N/A ================================================================================================================================
* 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 22, 1999 for 1998 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. 60 62
========================================================================================================================== 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 ($) Year-End ========================================================================================================================== Number of Value Exercisable/ Exercisable/ Name Shares Realized Unexercisable Unexercisable* Acquired ($) * on Exercise ========================================================================================================================== O. G. Richard III -0- $0 210,000/120,000 4,711,250/1,086,875 - -------------------------------------------------------------------------------------------------------------------------- M. W. O'Donnell -0- $0 42,160/35,000 934,808/348,177 - -------------------------------------------------------------------------------------------------------------------------- P. M. Schwolsky -0- $0 32,500/35,000 660,167/348,177 - -------------------------------------------------------------------------------------------------------------------------- C. G. Abbott -0- $0 25,000/35,000 382,292/348,177 - -------------------------------------------------------------------------------------------------------------------------- R. R. Kaskel -0- $0 0/0 -0- - -------------------------------------------------------------------------------------------------------------------------- All Other Officers (Part I) 7,000 $94,036 18,000/38,000 275,250/36,914 - -------------------------------------------------------------------------------------------------------------------------- ==========================================================================================================================
* Market value of underlying securities at exercise or FY-end, minus the exercise or base price. 61 63 The compensation for services in all capacities payable to or earned by the executive officers of the Corporation and its subsidiaries during the year 1998 was as follows:
- ----------------------------------------------------------------------------------------------------------------------------------- Long-Term Compensation -------------------------------------------------- ANNUAL COMPENSATION Awards Payouts - ----------------------------------------------------------------------------------------------------------------------------------- (a) (b) (c) (d) (f) (g) (h) (i) - ----------------------------------------------------------------------------------------------------------------------------------- Name and Securities Principal Restricted Underlying LTIP All Other Position Year Salary Bonus Stock Awards Options - Payouts Comp. (1) SARs - ----------------------------------------------------------------------------------------------------------------------------------- ($) ($) ($) (#) ($) ($) - ----------------------------------------------------------------------------------------------------------------------------------- O.G. RICHARD, III 1998 787,500 295,300 -0- 60,000(3) -0- 23,625 Chairman, President ------------------------------------------------------------------------------------------------------------ & CEO 1997 787,500 725,000 -0- 90,000(5) -0- 26,770(13) ------------------------------------------------------------------------------------------------------------ 1996 778,125 710,000 1,459,465(9) 240,000(6) (7) -0- 746,596(8)(13) - ----------------------------------------------------------------------------------------------------------------------------------- M. W. O'DONNELL Senior Vice President & Chief Financial 1998 325,000 97,500 -0- 25,000(3) -0- 19,500 Officer ------------------------------------------------------------------------------------------------------------ 1997 325,000 230,000 -0- 22,500(5) -0- 19,500 ------------------------------------------------------------------------------------------------------------ 1996 322,575 210,000 -0- 5,000(3) -0- 84,233(13) - ----------------------------------------------------------------------------------------------------------------------------------- P. M. SCHWOLSKY 1998 325,000 97,500 -0- 25,000(3) -0- 9,750 Senior Vice ------------------------------------------------------------------------------------------------------------ President & Chief 1997 325,000 241,000 -0- 22,500(5) -0- 13,206 Legal Officer ------------------------------------------------------------------------------------------------------------ 1996 321,250 234,000 -0- 37,500(6) -0- 130,804(13) - ----------------------------------------------------------------------------------------------------------------------------------- C. G. ABBOTT 1998 325,000 253,500 -0- 25,000(3) -0- 9,750 CEO of ------------------------------------------------------------------------------------------------------------ Corporation's Gas Transmission Segment 1997 325,000 275,000 -0- 22,500(5) -0- 11,026 ------------------------------------------------------------------------------------------------------------ 1996 310,870(2) 234,000 73,219(11) 37,500(6) -0- 88,689(13) - ----------------------------------------------------------------------------------------------------------------------------------- R. R. KASKEL 1998 186,667(2) 75,000(4) -0- - 0- -0- 2,800 Senior Vice ------------------------------------------------------------------------------------------------------------ President, Columbia 1997 210,000(2) 155,000 -0- 10,500(5) (10) -0- 84,233(15) Energy Group Service Corporation - ----------------------------------------------------------------------------------------------------------------------------------- 1996 N/A - -----------------------------------------------------------------------------------------------------------------------------------
* Adjusted for 3-for-2 stock split in the form of a dividend paid in June 1998 ("Stock Split"). 62 64 (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. The contributions to all officers, namely those listed in Part I, totaled $637,922. The compensation to all officers as a group, namely those listed in Part I, totaled $25,135.000. (2) Partial year salary. (3) Options to purchase shares granted to executive group on February 22, 1999, for 1998 performance at a price of $49.59375 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. (4) Pursuant to Mr. Kaskel's employment agreement dated March 31, 1997, a signing bonus of $75,000 was paid following the completion of his first year of employment. (5) Options to purchase shares granted to executive group on February 17, 1998 for 1997 performance at a price of $50.77083 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 $42.4583 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 150,000 shares of common stock, 75,000 of which were vested on November 28, 1996, and the remaining 75,000 of 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 44,677 (29,785 pre-Stock Split) 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 five 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, 1998, Mr. Richard held 26,806 shares of restricted stock, at an aggregate value of $1,548,047. (10) Mr. Kaskel's award was forfeited due to his resignation of employment. (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 2,250 shares of common stock, which vested on May 17, 1996. (12) Intentionally left blank. (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) Intentionally left blank. (15) Reflects transfer expenses. 63 65 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. ESTIMATED ANNUAL BENEFITS AS OF JANUARY 1, 1999, FROM RETIREMENT INCOME PLAN (1) Representative Years of Credited Service (2)
Final Average 15 20 25 30 35 40 Annual Compensation -- -- -- -- -- -- $ $ $ $ $ $ 250,000 54,344 72,459 90,574 108,689 114,939 120,464 300,000 65,594 87,459 109,324 131,189 138,689 145,464 400,000 88,094 117,459 146,824 176,189 186,189 194,464 500,000 110,594 147,459 184,324 221,189 233,689 245,464 600,000 133,094 177,459 221,824 266,189 281,189 295,464 800,000 178,094 237,459 296,824 356,189 376,189 395,464 1,000,000 223,094 297,459 371,824 446,189 471,189 495,464 1,200,000 268,094 357,459 446,824 536,189 566,189 596,464
(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 1998 on their behalf. Such supplemental pensions are not available to these executives until retirement or termination of employment. (2) As of January 1, 1999, the credited years of service for retirement benefits for the individuals named in the Summary Compensation Table were as follows: Mr. Richard, 7 years; Mr. O'Donnell, 28 years; Mr. Schwolsky, 7 years; and Ms. Abbott, 2 years. Mr. Kaskel resigned his employment with the Columbia Energy Group Service Corporation effective August 31, 1998, at which time he was not eligible for retirement benefits. 64 66 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)
============================================================================================ 1993 1994 1995 1996 1997 1998 $ $ $ $ $ $ - --------------------------------------------------------------------------------------------------------------------- Columbia Energy (formerly Columbia 100.00 105.03 196.09 287.63 360.04 402.73 Gas) - --------------------------------------------------------------------------------------------------------------------- S&P 500 Index 100.00 101.32 139.40 171.40 228.59 293.91 - --------------------------------------------------------------------------------------------------------------------- S&P Natural Gas Utility Index 100.00 95.40 134.93 179.31 211.56 232.15 =====================================================================================================================
(a) Assumes $100 invested on December 31, 1993 and reinvestment of dividends. 65 67 STANDARD DIRECTORS' COMPENSATION
===================================================================================================================== 1998 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 (above median), then nonemployee Directors receive options for 3,000 shares of common stock; at the fourth (top) quartile, options for 6,000 shares. If Total Shareholder Return performance is at or below the median, then the nonemployee Directors receive no options. The options vest one-third upon grant, one-third one year after grant, and one-third two years after grant, and they have a ten-year term. For 1998 performance, the Directors will receive options for 6,000 shares, granted and priced as of March 31, 1999. See the section entitled "1998 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 or may be deferred into the Phantom Stock Plan for Outside Directors. Deferrals may be paid in a lump sum or in installments but 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 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 $662,000. 66 68 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, 1999, 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) Percent Title of Amount and Nature of of Class Name and Address Beneficial Ownership ** Class ---------------------------------------------------------------------------- Shared Sole Shared Sole Voting Voting Investment Investment Total Power Power Power Power Owned - ------------------------------------------------------------------------------------------------------------------------------- 5 % Massachusetts Financial H Services Company*** O 500 Boylston St. L Common Boston, MA 02116-3741 4,311,859 4,333,434 4,333,434 5.2 D E R S - ------------------------------------------------------------------------------------------------------------------------------- D Common R. F. Albosta 15,500 * ---------------------------------------------------------------------------------------------------------------------------- I Common R. H. Beeby 15,500 (1) * ---------------------------------------------------------------------------------------------------------------------------- R Common W. K. Cadman 15,500 * ---------------------------------------------------------------------------------------------------------------------------- E Common J. P. Heffernan 18,500 * ---------------------------------------------------------------------------------------------------------------------------- C Common K. L. Hendricks 15,500 * ---------------------------------------------------------------------------------------------------------------------------- T Common M. T. Hopkins 22,299.3270 * ---------------------------------------------------------------------------------------------------------------------------- O Common J. B. Johnston 15,033.907 * ---------------------------------------------------------------------------------------------------------------------------- R Common M. Jozoff 15,500 * ---------------------------------------------------------------------------------------------------------------------------- S Common W. E. Lavery 15,650 * ---------------------------------------------------------------------------------------------------------------------------- Common G. E. Mayo 17,000 * ---------------------------------------------------------------------------------------------------------------------------- Common D. E. Olesen 15,531.721 * ---------------------------------------------------------------------------------------------------------------------------- Common O. G. Richard, III 341,821.272 (2) * ---------------------------------------------------------------------------------------------------------------------------- Common W. R. Wilson 23,000 * =============================================================================================================================== O F Common C. G. Abbott 48,181.559 (3) * ---------------------------------------------------------------------------------------------------------------------------- F I Common R. R. Kaskel 128.874 * ---------------------------------------------------------------------------------------------------------------------------- C E Common M. W. O'Donnell 69,615.918(4) * ---------------------------------------------------------------------------------------------------------------------------- R Common P. M. Schwolsky 56,498.704(5) * ---------------------------------------------------------------------------------------------------------------------------- S All Executive Officers & Common Directors (18 persons) as a Group 724,297.374(6) * - -------------------------------------------------------------------------------------------------------------------------------
* Aggregate stock ownership (including exercisable options) as a percentage of class is less than 1 percent. ** Holdings reflect the June 1998 3-for-2 stock split in the form of a dividend ("Stock Split"). Includes an allocation of shares held by the Trustee of the Employees' Thrift Plan of Columbia Energy Group for the executive officers as of 12/31/98. Also includes currently exercisable options and those 67 69 exercisable within 60 days. All holdings of the Directors, except Messrs. Johnston, Wilson and Richard and Ms. Hendricks, include beneficial ownership of 14,000 shares which may be acquired pursuant to stock options awarded under Long-Term Incentive Plan (LTIP). The holdings of Mr. Johnston and Ms. Hendricks include beneficial ownership of 5,000 shares, and of Mr. Wilson, 8,000 shares, which may be acquired pursuant to stock options awarded under the LTIP. *** Information for this beneficial owner was obtained solely from owner's Schedule 13-G filed with the U.S. Securities and Exchange Commission. (1) Includes beneficial ownership of 1,500 shares with shared investment power. (2) Includes beneficial ownership of 278,935 shares which may be acquired pursuant to stock options awarded under LTIP. (3) Includes beneficial ownership of 300 shares with shared voting and investment power. Includes beneficial ownership of 45,000 shares which may be acquired pursuant to stock options awarded under LTIP. (4) Includes beneficial ownership of 62,160 shares which may be acquired pursuant to stock options awarded under LTIP. (5) Includes beneficial ownership of 52,500 shares which may be acquired pursuant to stock options awarded under LTIP. (6) Includes beneficial ownership of 586,095 shares which may be acquired pursuant to stock options awarded under LTIP. 68 70 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 $1,234,000. 69 71 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.
Recipient or Name of Company Beneficiary Purpose Accounts Charged Amount --------------- ----------- ------- ---------------- ------ CKY Employee Political Legal, Acctg. & Solicitation Admin & General $82,067 CMD Action Fund Services rendered by COH employees for Employees CPA Political Action Fund CGV registered with the Federal Election Committee (No. C00054890)
Part II. Expenditures for any citizens group or public relations counsel.
Calendar Year 1998 ------------------ Name of Company and Name or Number of Recipients or Beneficiaries Purpose Accounts Charged Amount - ---------------------------- ------- ---------------- ------ ($) CKY Chamber of Commerce B Admin & General 2,420 CMD Chamber of Commerce B Admin & General 251 COH 27 Various Chambers of Commerce B Admin & General 10,487 Ohio Chamber of Commerce B Admin & General 13,300 Better Business Bureaus B Admin & General 3,850 CPA 7 Various Chambers of Commerce B Admin & General 10,156 Home Builder's Association B Admin & General 600 Business Organization B Admin & General 700 CGV 28 Various Chambers of Commerce B Admin & General 17,178 TCO 6 Various Chambers of Commerce A Admin & General 15,364 CPC 26 Recipients B Admin & General 4,651
A - Information and Education B - Economic Development 70 72 ITEM 8. SERVICE, SALES AND CONSTRUCTION CONTRACTS Part I. Intercompany Contracts. CONFIDENTIAL TREATMENT REQUESTED 71 73 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 72 74 Part III. System contracts with others on a continuing basis for management, supervisory, or financial advisory review. (a) TCO has contracted with the below firm to provide various services.
Date of Court Name Scope of Services Compensation Approval ---- ----------------- ------------ ----------- Lehman Brothers Inc. Financial Advisor and $105,775 12/15/98 Investment Banker to the Official Committee of Unsecured Creditors toTCO
(b) The Registrant's distribution companies contracted with the following organizations to provide various professional services.
Name Scope of Services Compensation ---- ----------------- ------------ Barrett & Assoc. Employee testing $46,832 selection tools Longview Solutions IT-Finance computer $521,000 systems to COH Thomas Green &Assoc. Governmental Affairs $93,657 to COH
ITEM 9. WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES None. 73 75 ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS Financial Statements included in Form U5S: CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 1998 Columbia Energy Group and Subsidiaries . . . . . . . . . . F-1 Columbia Electric Corporation and Subsidiaries . . . . . . F-1A Columbia Energy Group Capital Corporation and Subsidiaries 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 Energy Resources, Inc. and Subsidiaries . . . . . F-1F Columbia Pipeline Company and Subsidiary . . . . . . . . . F-1G SUMMARY OF CONSOLIDATING BALANCE SHEET ENTRIES AS OF DECEMBER 31, 1998 Columbia Energy Group and Subsidiaries . . . . . . . . . . F-2 Columbia Electric Corporation and Subsidiaries . . . . . . F-2A Columbia Energy Group Capital Corporation and Subsidiaries 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 Energy Resources, Inc. and Subsidiaries . . . . . F-2F Columbia Pipeline Company and Subsidiary . . . . . . . . . F-2G CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 1998 Columbia Energy Group and Subsidiaries . . . . . . . . . . F-3 Columbia Electric Corporation and Subsidiaries . . . . . . F-3A Columbia Energy Group Capital Corporation and Subsidiaries 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 Energy Resources, Inc. and Subsidiaries . . . . . F-3F Columbia Pipeline Company and Subsidiary . . . . . . . . . F-3G SUMMARY OF CONSOLIDATING STATEMENT OF INCOME ENTRIES FOR THE YEAR ENDED DECEMBER 31, 1998 Columbia Energy Group and Subsidiaries . . . . . . . . . . F-4 Columbia Electric Corporation and Subsidiaries . . . . . . F-4A Columbia Energy Group Capital Corporation and Subsidiaries F-4B Columbia LNG Corporation and Subsidiary . . . . . . . . . . F-4C Columbia Energy Services Corporation and Subsidiaries . . . F-4D Columbia Network Services Corporation and Subsidiary . . . F-4E Columbia Natural Resources, Inc. and Subsidiaries . . . . . F-4F Columbia Pipeline Company and Subsidiary . . . . . . . . . F-4G
74 76 CONSOLIDATING STATEMENT OF COMMON STOCK EQUITY FOR THE YEAR ENDED DECEMBER 31, 1998 Columbia Energy Group and Subsidiaries . . . . . . . . . . F-5 Columbia Electric Corporation and Subsidiaries . . . . . . F-5A Columbia Energy Group Capital Corporation and Subsidiaries 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 Energy Resources, Inc. and Subsidiaries . . . . . F-5F Columbia Pipeline Company and Subsidiary . . . . . . . . . F-5G CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 1998 Columbia Energy Group and Subsidiaries . . . . . . . . . . F-6 Columbia Electric Corporation and Subsidiaries . . . . . . F-6A Columbia Energy Group Capital Corporation and Subsidiaries 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 Subsidiaries . . . . . F-6F Columbia Pipeline Company and Subsidiary . . . . . . . . . F-6G
75 77 COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1998 (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 ...................... * * * * * * 7,687,812 Accumulated depreciation............. (3,592,359) -------- -------- -------- -------- ---------- ------------- -------------- Net Gas Utility and Other Plant ..... 4,095,453 -------- -------- -------- -------- ---------- ------------- -------------- Gas and oil producing properties, full cost method.................... United States cost center.......... 714,058 Canadian cost center............... 5,047 Accumulated depletion ............... (225,378) -------- -------- -------- -------- ---------- ------------- -------------- Net Gas and Oil Producing Properties. 493,727 -------- -------- -------- -------- ---------- ------------- -------------- Net Property, Plant, and Equipment .... 4,589,180 -------- -------- -------- -------- ---------- ------------- -------------- Investments and Other Assets Accounts receivable - noncurrent .... 26,214 Unconsolidated affiliates ........... 81,600 Assets held for sale ................ 1,540 Other ............................... 12,750 -------- -------- -------- -------- ---------- ------------- -------------- Total Investments and Other Assets .... 122,104 -------- -------- -------- -------- ---------- ------------- -------------- 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.. 26,326 Accounts receivable, net Customers ......................... 948,919 Intercompany ...................... - Other ............................. 55,955 Gas inventory ....................... 186,014 Other inventories, at average cost .. 26,803 Prepayments ......................... 115,952 Regulatory assets ................... 59,495 Underrecovered gas costs ............ 24,458 Deferred property tax................ 79,965 Exchange gas receivable.............. 187,371 Other ............................... 69,241 -------- -------- -------- -------- ---------- ------------- -------------- Total Current Assets .................. 1,780,499 -------- -------- -------- -------- ---------- ------------- -------------- Deferred Charges ...................... 85,530 Long-term Regulatory Assets............ 391,362 -------- -------- -------- -------- ---------- ------------- -------------- TOTAL ASSETS .......................... 6,968,675 ======== ======== ======== ======== ========== ============= ==============
* CONFIDENTIAL TREATMENT REQUESTED 78 F-1 (2 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-1 Page 2 CER (a) TCO CGT CLG (a) CKY Total ---------- ----------- ----------- ---------- ---------- ----------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost ................... * 3,506,761 1,277,319 * 202,384 * Accumulated depreciation............. (1,430,587) (1,045,037) (82,252) ---------- ----------- ----------- ---------- ---------- ----------- Net Gas Utility and Other Plant ..... 2,076,174 232,282 120,132 ---------- ----------- ----------- ---------- ---------- ----------- Gas and oil producing properties, full cost method.................... United States cost center.......... - - - Canadian cost center............... - - - Accumulated depletion ............... - - - ---------- ----------- ----------- ---------- ---------- ----------- Net Gas and Oil Producing Properties. - - - ---------- ----------- ----------- ---------- ---------- ----------- Net Property, Plant, and Equipment .... 2,076,174 232,282 120,132 ---------- ----------- ----------- ---------- ---------- ----------- Investments and Other Assets Accounts receivable - noncurrent .... 30,913 - - Unconsolidated affiliates ........... 14,264 22,679 - Assets held for sale ................ - - - Other ............................... - - - ---------- ----------- ----------- ---------- ---------- ----------- Total Investments and Other Assets .... 45,177 22,679 - ---------- ----------- ----------- ---------- ---------- ----------- 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 . 70 11 573 Accounts receivable, net Customers ......................... 36,106 9,172 14,306 Intercompany ...................... 33,204 3,340 475 Other ............................. 12,649 4,622 293 Gas inventory ....................... - - 18,029 Other inventories, at average cost .. 11,673 5,364 85 Prepayments ......................... 3,877 1,905 514 Regulatory assets ................... 26,067 3,436 550 Underrecovered gas costs ............ - - - Deferred property tax................ - - - Exchange gas receivable.............. - - - Other ............................... 103,357 20,390 13,244 ---------- ----------- ----------- ---------- ---------- ----------- Total Current Assets .................. 227,003 48,240 48,069 ---------- ----------- ----------- ---------- ---------- ----------- Deferred Charges ...................... 2,930 300 637 Longterm Regulatory Assets............. 181,646 9,129 7,330 ---------- ----------- ----------- ---------- ---------- ----------- TOTAL ASSETS .......................... 2,532,930 312,630 176,168 ========== =========== =========== ========== ========== ===========
(a) CER includes five subsidiaries and CLG includes one subsidiary as noted in Item 1. Consolidating financial statements of CER and CLG are presented herewith in Exhibits F-1F through F-6F and F-1C through F-6C, respectively. * CONFIDENTIAL TREATMENT REQUESTED 79 F-1 (3 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-1 Page 3 COH CMD CPA CGV CG Total --------- --------- --------- ---------- -------- ---------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost......................... 1,373,261 74,336 576,663 392,847 * * Accumulated depreciation.................. (600,740) (29,332) (181,686) (82,688) --------- --------- --------- ---------- -------- ---------- Net Gas Utility and Other Plant........... 772,521 45,004 394,977 310,159 --------- --------- --------- ---------- -------- ---------- Gas and oil producing properties, full cost method......................... United States cost center............... - - - - Canadian cost center.................... - - - - Accumulated depletion..................... - - - - --------- --------- --------- ---------- -------- ---------- Net Gas and Oil Producing Properties...... - - - - --------- --------- --------- ---------- -------- ---------- Net Property, Plant, and Equipment.......... 772,521 45,004 394,977 310,159 --------- --------- --------- ---------- -------- ---------- 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....... 3,266 103 1,020 773 Accounts receivable, net Customers............................... 138,064 5,763 58,178 27,330 Intercompany............................ 24,100 389 1,658 926 Other................................... 8,134 229 1,468 291 Gas inventory............................. 95,948 3,507 54,279 14,251 Other inventories, at average cost........ 5,467 234 746 501 Prepayments............................... 50,003 1,354 1,628 1,300 Regulatory assets......................... 22,340 462 4,512 2,128 Underrecovered gas costs.................. - - - - Deferred property tax..................... - - - - Exchange gas receivable................... - - - - Other..................................... 154,863 4,545 38,294 5,901 --------- --------- --------- ---------- -------- ---------- Total Current Assets........................ 502,185 16,586 161,783 53,401 --------- --------- --------- ---------- -------- ---------- Deferred Charges............................ 12,425 217 1,439 1,253 Long-term Regulatory Assets................. 108,233 2,912 72,337 9,775 --------- --------- --------- ---------- -------- ---------- TOTAL ASSETS................................ 1,395,364 64,719 630,536 374,588 ========= ========= ========= ========== ======== ==========
* CONFIDENTIAL TREATMENT REQUESTED 80 F-1 (4 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-1 Page 4 CS CIC CES (a) CPC CEC (a) Total --------- ------- ---------- ------ --------- ----------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost .......... 53,762 * * * * * Accumulated depreciation ............................... (25,581) --------- ------- ---------- ------ --------- ----------- Net Gas Utility and Other Plant ........................ 28,181 --------- ------- ---------- ------ --------- ----------- Gas and oil producing properties, full cost method ..... - United States cost center ............................ - Canadian cost center ................................. - Accumulated depletion................................... - --------- ------- ---------- ------ --------- ----------- Net Gas and Oil Producing Properties.................... - --------- ------- ---------- ------ --------- ----------- Net Property, Plant, and Equipment ....................... 28,181 --------- ------- ---------- ------ --------- ----------- 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 .................... 433 Accounts receivable, net Customers Intercompany ......................................... 44,338 Other ................................................ 1,834 Gas inventory........................................... - Other inventories, at average cost...................... - Prepayments ............................................ 335 Regulatory assets ...................................... - Underrecovered gas costs ............................... - Deferred property tax .................................. - Exchange gas receivable ................................ - Other .................................................. 4,701 --------- ------- ---------- ------ --------- ----------- Total Current Assets ..................................... 51,641 --------- ------- ---------- ------ --------- ----------- Deferred Charges ......................................... 19,922 Long-term Regulatory Assets - --------- ------- ---------- ------ --------- ----------- TOTAL ASSETS ............................................. 99,744 ========= ======= ========== ====== ========= ===========
(a) CES includes four subsidiaries and CEC includes eleven subsidiaries as noted in Item 1. Consolidating financial statements of CES and CEC are presented herewith in Item 10, Exhibits F-1D through F-6D and F-1A through F-6A, respectively. * CONFIDENTIAL TREATMENT REQUESTED 81 F-1 (5 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-1 Page 5 CCC (a) CAT CNS (a) CPL (a) Total --------- ------- ---------- --------- ------------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost ........................ * * * * * Accumulated depreciation.................. --------- ------- ---------- --------- ------------- Net Gas Utility and Other Plant .......... --------- ------- ---------- --------- ------------- Gas and oil producing properties, full cost method......................... United States cost center............... Canadian cost center.................... 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 .................................. Gas inventory ............................ Other inventories, at average cost ....... Prepayments .............................. Regulatory assets ........................ Underrecovered gas costs ................. Deferred property tax..................... Exchange gas receivable................... Other .................................... --------- ------- ---------- --------- ------------- Total Current Assets ....................... --------- ------- ---------- --------- ------------- Deferred Charges ........................... Long-term Regulatory Assets................. --------- ------- ---------- --------- ------------- TOTAL ASSETS ............................... ========= ======= ========== ========= =============
(b) Both CCC and CNS include two subsidiaries and CPL includes one subsidiary as noted in Item 1. Consolidating financial statements of CCC, CNS and CPL are presented herewith in Item 10, Exhibits F-1B through F-6B, F-1E through F-6E and F-1G through F-6G, respectively. * CONFIDENTIAL TREATMENT REQUESTED 82 F-1 (6 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-1 F-1 F-1 F-1 Consolidating Page 7 Page 8 Page 9 Page 10 Combined Entries Consolidated ------ ------ ------ ------- -------- ------------- ------------ CAPITALIZATION AND LIABILITIES Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ..... * * * * * * 835,119 Subsidiaries - common stock ........................ - Additional paid in capital ......................... 761,804 Retained earnings .................................. 409,544 Accumulated foreign currency translation adjustment. (281) Unearned employee compensation...................... (876) ------ ------ ------ ------- -------- ------------- ------------ Total common stock equity ............................ 2,005,310 ------ ------ ------ ------- -------- ------------- ------------ Long-term debt ....................................... 2,003,120 Installment promissory notes payable ................. - ------ ------ ------ ------- -------- ------------- ------------ Total Capitalization ................................... 4,008,430 ------ ------ ------ ------- -------- ------------- ------------ Current Liabilities Shortterm debt ....................................... 144,674 Current maturities of L.T. debt....................... 378 Accounts and drafts payable .......................... 710,696 Intercompany notes and loans - current maturities .... - Intercompany shortterm loans ......................... - Intercompany accounts payable ........................ - Accrued taxes ........................................ 205,897 Accrued interest ..................................... 17,341 Estimated rate refunds ............................... 59,176 Estimated supplier obligations ....................... 72,394 Overrecovered gas costs .............................. 34,256 Transportation and exchange gas payable .............. 134,262 Deferred income taxes ................................ - Regulatory liabilities ............................... 24,520 Other ................................................ 288,071 ------ ------ ------ ------- -------- ------------- ------------ Total Current Liabilities .............................. 1,691,665 ------ ------ ------ ------- -------- ------------- ------------ Other Liabilities and Deferred Credits Deferred income taxes, noncurrent..................... 655,238 Investment tax credits ............................... 34,119 Postretirement benefits other than pensions .......... 103,669 Longterm regulatory liabilities ...................... 44,026 Deferred revenue...................................... 191,401 Other ................................................ 240,127 ------ ------ ------ ------- -------- ------------- ------------ Total Other Liabilities and Deferred Credits ........... 1,268,580 ------ ------ ------ ------- -------- ------------- ------------ TOTAL CAPITALIZATION AND LIABILITIES ................... 6,968,675 ====== ====== ====== ======= ======== ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 83 F-1 (7 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
CER (a) TCO CGT CLG (a) -------------- --------- ---------- ----------- CAPITALIZATION AND LIABILITIES Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ...... * - - * Subsidiaries - common stock ......................... 48 20 Additional paid in capital .......................... 1,512,025 82,429 Retained earnings ................................... (516,275) 40,002 Accumulated foreign currency translation adjustment.. - - Unearned employee compensation....................... - - -------------- --------- ---------- ----------- Total common stock equity ............................. 995,798 122,451 -------------- --------- ---------- ----------- Long-term debt ........................................ 518 - Installment promissory notes payable .................. 643,000 68,414 -------------- --------- ---------- ----------- Total Capitalization .................................... 1,639,316 190,865 -------------- --------- ---------- ----------- Current Liabilities Short-term debt ....................................... - - Current maturities of L.T. debt........................ 37 - Accounts and drafts payable ........................... 15,658 2,875 Intercompany notes and loans - current maturities ..... - - Intercompany short-term loans ......................... 22,529 2,708 Intercompany accounts payable ......................... 37,973 14,208 Accrued taxes ......................................... 83,227 7,889 Accrued interest ...................................... 6 135 Estimated rate refunds ................................ 47,124 2,006 Estimated supplier obligations ........................ 72,394 - Overrecovered gas costs ............................... - - Transportation and exchange gas payable ............... - - Deferred income taxes ................................. - - Regulatory liabilities ................................ 21,807 2,713 Other ................................................. 136,613 43,383 -------------- --------- ---------- ----------- Total Current Liabilities ............................... 437,368 75,917 -------------- --------- ---------- ----------- Other Liabilities and Deferred Credits Deferred income taxes, noncurrent...................... 259,184 37,299 Investment tax credits ................................ 950 254 Postretirement benefits other than pensions ........... 18,274 3,079 Long-term regulatory liabilities ...................... 15,368 153 Deferred revenue....................................... - - Other ................................................. 162,470 5,063 -------------- --------- ---------- ----------- Total Other Liabilities and Deferred Credits ............ 456,246 45,848 -------------- --------- ---------- ----------- TOTAL CAPITALIZATION AND LIABILITIES .................... 2,532,930 312,630 ============== ========= ========== ===========
F1 Page 7 CKY Total --------- --------------- CAPITALIZATION AND LIABILITIES Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ...... - * Subsidiaries - common stock ......................... 23,806 Additional paid in capital .......................... 174 Retained earnings ................................... 45,084 Accumulated foreign currency translation adjustment.. - Unearned employee compensation....................... - --------- --------------- Total common stock equity ............................. 69,064 --------- --------------- Longterm debt ......................................... 218 Installment promissory notes payable .................. 54,494 --------- --------------- Total Capitalization .................................... 123,776 --------- --------------- Current Liabilities Short-term debt ....................................... - Current maturities of L.T. debt........................ 17 Accounts and drafts payable ........................... 5,793 Intercompany notes and loans - current maturities ..... - Intercompany short-term loans ......................... - Intercompany accounts payable ......................... 10,050 Accrued taxes ......................................... 2,081 Accrued interest ...................................... 276 Estimated rate refunds ................................ 359 Estimated supplier obligations ........................ - Overrecovered gas costs ............................... - Transportation and exchange gas payable ............... - Deferred income taxes ................................. 1,136 Regulatory liabilities ................................ - Other ................................................. 18,219 --------- --------------- Total Current Liabilities ............................... 37,931 --------- --------------- Other Liabilities and Deferred Credits Deferred income taxes, noncurrent...................... 5,817 Investment tax credits ................................ 1,724 Postretirement benefits other than pensions ........... 1,532 Long-term regulatory liabilities ...................... 4,220 Deferred revenue....................................... - Other ................................................. 1,168 --------- --------------- Total Other Liabilities and Deferred Credits ............ 14,461 --------- --------------- TOTAL CAPITALIZATION AND LIABILITIES .................... 176,168 ========= ===============
(a) CER includes five subsidiaries and CLG includes one subsidiary as noted in Item 1. Consolidating financial statements of CER and CLG are presented herewith in Item 10, Exhibits F-1F through F-6F and F-1C through F-6C, respectively. * CONFIDENTIAL TREATMENT REQUESTED 84 F-1 (8 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-1 Page 8 COH CMD CPA CGV CG Total ------------ --------- ---------- --------- ----------- ----------- CAPITALIZATION AND LIABILITIES Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ...... - - - - * * Subsidiaries - common stock ......................... 119,240 72 85,128 65,305 Additional paid in capital .......................... - 10,020 - 2,969 Retained earnings ................................... 316,404 13,203 133,671 86,249 Accumulated foreign currency translation adjustment.. - - - - Unearned employee compensation....................... - - - - ------------ --------- ---------- --------- ----------- ----------- Total common stock equity ............................. 435,644 23,295 218,799 154,523 ------------ --------- ---------- --------- ----------- ----------- Long-term debt ........................................ 2,005 21 - - Installment promissory notes payable .................. 319,959 17,819 148,451 126,677 ------------ --------- ---------- --------- ----------- ----------- Total Capitalization .................................... 757,608 41,135 367,250 281,200 ------------ --------- ---------- --------- ----------- ----------- Current Liabilities Short-term debt ....................................... - - - - Current maturities of L.T. debt........................ 128 19 - - Accounts and drafts payable ........................... 67,333 3,560 19,501 11,945 Intercompany notes and loans - current maturities ..... - - - - Intercompany short-term loans ......................... 91,428 1,203 44,236 - Intercompany accounts payable ......................... 58,763 3,815 26,505 12,675 Accrued taxes ......................................... 100,505 203 7,266 3,151 Accrued interest ...................................... 277 11 45 173 Estimated rate refunds ................................ 936 210 2,384 6,157 Estimated supplier obligations ........................ - - - - Overrecovered gas costs ............................... - - - - Transportation and exchange gas payable ............... - - - - Deferred income taxes ................................. 14,523 - 1,708 - Regulatory liabilities ................................ - - - - Other ................................................. 127,705 7,138 47,096 22,495 ------------ --------- ---------- --------- ----------- ----------- Total Current Liabilities ............................... 461,598 16,159 148,741 56,596 ------------ --------- ---------- --------- ----------- ----------- Other Liabilities and Deferred Credits Deferred income taxes, noncurrent...................... 80,805 3,504 80,748 21,485 Investment tax credits ................................ 18,592 957 8,977 2,665 Postretirement benefits other than pensions ........... 51,091 991 8,195 4,020 Long-term regulatory liabilities ...................... 10,011 1,441 11,398 1,435 Deferred revenue....................................... - - - - Other ................................................. 15,659 532 5,227 7,187 ------------ --------- ---------- --------- ----------- ----------- Total Other Liabilities and Deferred Credits ............ 176,158 7,425 114,545 36,792 ------------ --------- ---------- --------- ----------- ----------- TOTAL CAPITALIZATION AND LIABILITIES .................... 1,395,364 64,719 630,536 374,588 ============ ========= ========== ========= =========== ===========
* CONFIDENTIAL TREATMENT REQUESTED 85 F-1 (9 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-1 Page 9 CS CIC CES (a) CPC CEC (a) Total ----------- --------- ---------- --------- ---------- ---------- CAPITALIZATION AND LIABILITIES Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ...... - * * * * * Subsidiaries - common stock ......................... 300 Additional paid in capital .......................... 12,700 Retained earnings ................................... 186 Accumulated foreign currency translation adjustment.. - Unearned employee compensation....................... - ----------- --------- ---------- --------- ---------- ---------- Total common stock equity ............................. 13,186 ----------- --------- ---------- --------- ---------- ---------- Long-term debt ........................................ - Installment promissory notes payable .................. 16,043 ----------- --------- ---------- --------- ---------- ---------- Total Capitalization .................................... 29,229 ----------- --------- ---------- --------- ---------- ---------- Current Liabilities Short-term debt ....................................... - Current maturities of L.T. debt........................ - Accounts and drafts payable ........................... 13,555 Intercompany notes and loans - current maturities ..... - Intercompany shortterm loans .......................... 30,788 Intercompany accounts payable ......................... 3,954 Accrued taxes ......................................... 506 Accrued interest ...................................... - Estimated rate refunds ................................ - Estimated supplier obligations ........................ - Overrecovered gas costs ............................... - Transportation and exchange gas payable ............... - Deferred income taxes ................................. - Regulatory liabilities ................................ - Other ................................................. 14,299 ----------- --------- ---------- --------- ---------- ---------- Total Current Liabilities ............................... 63,102 ----------- --------- ---------- --------- ---------- ---------- Other Liabilities and Deferred Credits Deferred income taxes, noncurrent...................... 1,715 Investment tax credits ................................ - Postretirement benefits other than pensions ........... 3,992 Long-term regulatory liabilities ...................... - Deferred revenue....................................... - Other ................................................. 1,706 ----------- --------- ---------- --------- ---------- ---------- Total Other Liabilities and Deferred Credits ............ 7,413 ----------- --------- ---------- --------- ---------- ---------- TOTAL CAPITALIZATION AND LIABILITIES .................... 99,744 =========== ========= ========== ========= ========== ==========
(a) CES includes four subsidiaries and CEC includes eleven subsidiaries as noted in Item 1. Consolidating financial statements of CES and CEC are presented herewith in Item 10, Exhibits F-1D through F-6D and F-1A through F-6A, respectively. * CONFIDENTIAL TREATMENT REQUESTED 86 F-1 (10 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet as of December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-1 Page 10 CCC (a) CAT CNS (a) CPL (a) Total ------------ ----------- --------- ----------- ----------- CAPITALIZATION AND LIABILITIES Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ...... * * * * * Subsidiaries - common stock ......................... Additional paid in capital .......................... Retained earnings ................................... Accumulated foreign currency translation adjustment.. Unearned employee compensation....................... ------------ ----------- --------- ----------- ---------- Total common stock equity ............................. ------------ ----------- --------- ----------- ---------- Long-term debt ........................................ Installment promissory notes payable .................. ------------ ----------- --------- ----------- ---------- Total Capitalization .................................... ------------ ----------- --------- ----------- ---------- Current Liabilities Short-term debt........................................ Current maturities of L.T. debt........................ 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....................... Deferred revenue....................................... Other ................................................. ------------ ----------- --------- ----------- ---------- Total Other Liabilities and Deferred Credits ............ ------------ ----------- --------- ----------- ---------- TOTAL CAPITALIZATION AND LIABILITIES .................... ============ =========== ========= =========== ==========
(a) Both CCC and CNS include two subsidiaries and CPL includes one subsidiary as noted in Item 1. Consolidating financial statements of CCC, CNS and CPL are presented herewith in Item 10, Exhibits F-1B through F-6B, F-1E through F-6E and F-1G through F-6G, respectively. * CONFIDENTIAL TREATMENT REQUESTED 87 F-1A (1 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-1A F-1A Consolidating CEC Page 2 Page 3 Combined Entries Consolidated ---------- ---------- --------- ----------- ---------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost ..... * * * * * Accumulated depreciation........................... ---------- ---------- --------- ----------- ---------- Net Gas Utility and Other Plant.................... ---------- ---------- --------- ----------- ---------- Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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 investment .................................. ---------- ---------- --------- ----------- ---------- 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ---------- ---------- --------- ----------- ---------- Total Current Assets ................................ ---------- ---------- --------- ----------- ---------- Deferred Charges .................................... Long-term Regulatory Assets.......................... ---------- ---------- --------- ----------- ---------- TOTAL ASSETS ........................................ ========== ========== ========= =========== ==========
* CONFIDENTIAL TREATMENT REQUESTED 88 F-1A (2 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CBG CBL CGG CGP CLP ---------- ---------- --------- ----------- ---------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost ..... * * * * * Accumulated depreciation........................... ---------- ---------- --------- ----------- ---------- Net Gas Utility and Other Plant.................... ---------- ---------- --------- ----------- ---------- Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ---------- ---------- --------- ----------- ---------- Total Current Assets ................................ ---------- ---------- --------- ----------- ---------- Deferred Charges .................................... Long-term Regulatory Assets.......................... ---------- ---------- --------- ----------- ---------- TOTAL ASSETS ........................................ ========== ========== ========= =========== ==========
F-1A Page 2 CEC Total ----------- ---------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost ..... * * Accumulated depreciation........................... ----------- ---------- Net Gas Utility and Other Plant.................... ----------- ---------- Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ----------- ---------- Total Current Assets ................................ ----------- ---------- Deferred Charges .................................... Long-term Regulatory Assets.......................... ----------- ---------- TOTAL ASSETS ........................................ =========== ==========
* CONFIDENTIAL TREATMENT REQUESTED 89 F-1A (3 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CVG CVL CRL CEH CEL ---------- ---------- --------- ----------- ---------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost ..... * * * * * Accumulated depreciation........................... ---------- ---------- --------- ----------- ---------- Net Gas Utility and Other Plant.................... ---------- ---------- --------- ----------- ---------- Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ---------- ---------- --------- ----------- ---------- Total Current Assets ................................ ---------- ---------- --------- ----------- ---------- Deferred Charges .................................... Long-term Regulatory Assets.......................... ---------- ---------- --------- ----------- ---------- TOTAL ASSETS ........................................ ========== ========== ========= =========== ==========
F-1A PAGE 3 CGR TOTAL ----------- ---------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost ..... * * Accumulated depreciation........................... ----------- ---------- Net Gas Utility and Other Plant.................... ----------- ---------- Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ----------- ---------- Total Current Assets ................................ ----------- ---------- Deferred Charges .................................... Long-term Regulatory Assets.......................... ----------- ---------- TOTAL ASSETS ........................................ =========== ==========
* CONFIDENTIAL TREATMENT REQUESTED 90 F-1A (4 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-1A F-1A Consolidating CEC CAPITALIZATION AND LIABILITIES Page 5 Page 6 Combined Entries Consolidated ------------ ----------- --------- ----------- ---------- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ...... * * * * * Subsidiaries - common stock ......................... Additional paid in capital .......................... Retained earnings ................................... Accumulated foreign currency translation adjustment.. Unearned employee compensation....................... ------------ ----------- --------- ----------- ---------- Total common stock equity ............................. ------------ ----------- --------- ----------- ---------- Long-term debt ........................................ Installment promissory notes payable .................. ------------ ----------- --------- ----------- ---------- Total Capitalization .................................... ------------ ----------- --------- ----------- ---------- Current Liabilities Short-term debt........................................ Current maturities of L.T. debt........................ 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....................... Deferred revenue....................................... Other ................................................. ------------ ----------- --------- ----------- ---------- Total Other Liabilities and Deferred Credits ............ ------------ ----------- --------- ----------- ---------- TOTAL CAPITALIZATION AND LIABILITIES .................... ============ =========== ========= =========== ==========
* CONFIDENTIAL TREATMENT REQUESTED 91 F-1A (5 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CAPITALIZATION AND LIABILITIES CBG CBL CGG CGP CLP ------------ ----------- --------- ----------- ---------- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ...... * * * * * Subsidiaries - common stock ......................... Additional paid in capital .......................... Retained earnings ................................... Accumulated foreign currency translation adjustment.. Unearned employee compensation....................... ------------ ----------- --------- ----------- ---------- Total common stock equity ............................. ------------ ----------- --------- ----------- ---------- Long-term debt ........................................ Installment promissory notes payable .................. ------------ ----------- --------- ----------- ---------- Total Capitalization .................................... ------------ ----------- --------- ----------- ---------- Current Liabilities Short-term debt........................................ Current maturities of L.T. debt........................ 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....................... Deferred revenue....................................... Other ................................................. ------------ ----------- --------- ----------- ---------- Total Other Liabilities and Deferred Credits ............ ------------ ----------- --------- ----------- ---------- TOTAL CAPITALIZATION AND LIABILITIES .................... ============ =========== ========= =========== ==========
F-1A Page 5 CAPITALIZATION AND LIABILITIES CEC Total ----------- ---------- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ...... * * Subsidiaries - common stock ......................... Additional paid in capital .......................... Retained earnings ................................... Accumulated foreign currency translation adjustment.. Unearned employee compensation....................... ----------- ---------- Total common stock equity ............................. ----------- ---------- Long-term debt ........................................ Installment promissory notes payable .................. ----------- ---------- Total Capitalization .................................... ----------- ---------- Current Liabilities Short-term debt........................................ Current maturities of L.T. debt........................ 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....................... Deferred revenue....................................... Other ................................................. ----------- ---------- Total Other Liabilities and Deferred Credits ............ ----------- ---------- TOTAL CAPITALIZATION AND LIABILITIES .................... =========== ==========
* CONFIDENTIAL TREATMENT REQUESTED 92 F-1A (6 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CAPITALIZATION AND LIABILITIES CVG CVL CRL CEH CEL ------------ ----------- --------- ----------- ---------- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ...... * * * * * Subsidiaries - common stock ......................... Additional paid in capital .......................... Retained earnings ................................... Accumulated foreign currency translation adjustment.. Unearned employee compensation....................... ------------ ----------- --------- ----------- ---------- Total common stock equity ............................. ------------ ----------- --------- ----------- ---------- Long-term debt ........................................ Installment promissory notes payable .................. ------------ ----------- --------- ----------- ---------- Total Capitalization .................................... ------------ ----------- --------- ----------- ---------- Current Liabilities Short-term debt........................................ Current maturities of L.T. debt........................ 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....................... Deferred revenue....................................... Other ................................................. ------------ ----------- --------- ----------- ---------- Total Other Liabilities and Deferred Credits ............ ------------ ----------- --------- ----------- ---------- TOTAL CAPITALIZATION AND LIABILITIES .................... ============ =========== ========= =========== ==========
F-1A Page 6 CAPITALIZATION AND LIABILITIES CGR Total ----------- ---------- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ...... * * Subsidiaries - common stock ......................... Additional paid in capital .......................... Retained earnings ................................... Accumulated foreign currency translation adjustment.. Unearned employee compensation....................... ----------- ---------- Total common stock equity ............................. ----------- ---------- Long-term debt ........................................ Installment promissory notes payable .................. ----------- ---------- Total Capitalization .................................... ----------- ---------- Current Liabilities Short-term debt........................................ Current maturities of L.T. debt........................ 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....................... Deferred revenue....................................... Other ................................................. ----------- ---------- Total Other Liabilities and Deferred Credits ............ ----------- ---------- TOTAL CAPITALIZATION AND LIABILITIES .................... =========== ==========
* CONFIDENTIAL TREATMENT REQUESTED 93 F-1B (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Group Capital Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
TGT CTC CCC Combined ---------- ---------- --------- ----------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost ..... * * * * Accumulated depreciation........................... ---------- ---------- --------- ----------- Net Gas Utility and Other Plant.................... ---------- ---------- --------- ----------- Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ---------- ---------- --------- ----------- Total Current Assets ................................ ---------- ---------- --------- ----------- Deferred Charges .................................... Long-term Regulatory Assets.......................... ---------- ---------- --------- ----------- TOTAL ASSETS ........................................ ========== ========== ========= ===========
Consolidating CCC Entries Consolidated ----------- ---------- ASSETS Property, Plant and Equipment Gas utility and other plant, at original cost ..... * * Accumulated depreciation........................... ----------- ---------- Net Gas Utility and Other Plant.................... ----------- ---------- Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ----------- ---------- Total Current Assets ................................ ----------- ---------- Deferred Charges .................................... Long-term Regulatory Assets.......................... ----------- ---------- TOTAL ASSETS ........................................ =========== ==========
* CONFIDENTIAL TREATMENT REQUESTED 94 F-1B (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Group Capital Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CAPITALIZATION AND LIABILITIES TGT CTC CCC Combined ------------ ----------- --------- ----------- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ...... * * * * Subsidiaries - common stock ......................... Additional paid in capital .......................... Retained earnings ................................... Accumulated foreign currency translation adjustment.. Unearned employee compensation....................... ------------ ----------- --------- ----------- Total common stock equity ............................. ------------ ----------- --------- ----------- Long-term debt ........................................ Installment promissory notes payable .................. ------------ ----------- --------- ----------- Total Capitalization .................................... ------------ ----------- --------- ----------- Current Liabilities Short-term debt........................................ Current maturities of L.T. debt........................ 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....................... Deferred revenue....................................... Other ................................................. ------------ ----------- --------- ----------- Total Other Liabilities and Deferred Credits ............ ------------ ----------- --------- ----------- TOTAL CAPITALIZATION AND LIABILITIES .................... ============ =========== ========= ===========
Consolidating CCC CAPITALIZATION AND LIABILITIES Entries Consolidated ----------- ---------- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ...... * * Subsidiaries - common stock ......................... Additional paid in capital .......................... Retained earnings ................................... Accumulated foreign currency translation adjustment.. Unearned employee compensation....................... ----------- ---------- Total common stock equity ............................. ----------- ---------- Long-term debt ........................................ Installment promissory notes payable .................. ----------- ---------- Total Capitalization .................................... ----------- ---------- Current Liabilities Short-term debt........................................ Current maturities of L.T. debt........................ 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....................... Deferred revenue....................................... Other ................................................. ----------- ---------- Total Other Liabilities and Deferred Credits ............ ----------- ---------- TOTAL CAPITALIZATION AND LIABILITIES .................... =========== ==========
* CONFIDENTIAL TREATMENT REQUESTED 95 F-1C (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating CLG ASSETS CLNG CLG Combined Entries Consolidated ------------ ------------ ------------ ------------- ------------ Property, Plant and Equipment Gas utility and other plant, at original cost ..... * * * * * Accumulated depreciation........................... ------------ ------------ ------------ ------------- ------------ Net Gas Utility and Other Plant ................... ------------ ------------ ------------ ------------- ------------ Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ------------ ------------ ------------ ------------- ------------ Total Current Assets ................................ ------------ ------------ ------------ ------------- ------------ Deferred Charges .................................... Long-term Regulatory Assets ......................... ------------ ------------ ------------ ------------- ------------ TOTAL ASSETS ........................................ ============ ============ ============ ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 96 F-1C (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating CLG CAPITALIZATION AND LIABILITIES CLNG CLG Combined Entries Consolidated ------------ ------------ ------------ ------------- ------------ Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ...... * * * * * Subsidiaries - common stock ......................... Additional paid in capital .......................... Retained earnings ................................... Accumulated foreign currency translation adjustment.. Unearned employee compensation ...................... ------------ ------------ ------------ ------------- ------------ Total common stock equity ............................. ------------ ------------ ------------ ------------- ------------ Long-term debt ........................................ Installment promissory notes payable .................. ------------ ------------ ------------ ------------- ------------ Total Capitalization .................................... ------------ ------------ ------------ ------------- ------------ Current Liabilities Short-term debt........................................ Current maturities of L.T. debt........................ 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 ...................... Deferred revenue....................................... Other.................................................. ------------ ------------ ------------ ------------- ------------ Total Other Liabilities and Deferred Credits ............ ------------ ------------ ------------ ------------- ------------ TOTAL CAPITALIZATION AND LIABILITIES .................... ============ ============ ============ ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 97 F-1D (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Services Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
ASSETS CEM CPM CSP ECC ------------ ------------ ------------ ------------ Property, Plant and Equipment Gas utility and other plant, at original cost ..... * * * * Accumulated depreciation........................... ------------ ------------ ------------ ------------ Net Gas Utility and Other Plant ................... ------------ ------------ ------------ ------------ Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ------------ ------------ ------------ ------------ Total Current Assets ................................ ------------ ------------ ------------ ------------ Deferred Charges .................................... Long-term Regulatory Assets.......................... ------------ ------------ ------------ ------------ TOTAL ASSETS ........................................ ============ ============ ============ ============
Consolidating CES ASSETS CES Combined Entries Consolidated ------------ ------------ ------------- ------------ Property, Plant and Equipment Gas utility and other plant, at original cost ..... * * * * Accumulated depreciation........................... ------------ ------------ ------------- ------------ Net Gas Utility and Other Plant ................... ------------ ------------ ------------- ------------ Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ------------ ------------ ------------- ------------ Total Current Assets ................................ ------------ ------------ ------------- ------------ Deferred Charges .................................... Long-term Regulatory Assets.......................... ------------ ------------ ------------- ------------ TOTAL ASSETS ........................................ ============ ============ ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 98 F-1D (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Services Corporation and Subsidiaries Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CAPITALIZATION AND LIABILITIES CEM CPM CSP ECC ------------ ------------ ------------ ------------ Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ..... * * * * Subsidiaries - common stock ......................... Additional paid in capital .......................... Retained earnings ................................... Accumulated foreign currency translation adjustment.. Unearned employee compensation ...................... ------------ ------------ ------------ ------------ Total common stock equity ............................. ------------ ------------ ------------ ------------ Long-term debt ........................................ Installment promissory notes payable .................. ------------ ------------ ------------ ------------ Total Capitalization .................................... ------------ ------------ ------------ ------------ Current Liabilities Short-term debt........................................ Current maturities of L.T. debt........................ 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....................... Deferred revenue....................................... Other ................................................. ------------ ------------ ------------ ------------ Total Other Liabilities and Deferred Credits ............ ------------ ------------ ------------ ------------ TOTAL CAPITALIZATION AND LIABILITIES .................... ============ ============ ============ ============
Consolidating CES CAPITALIZATION AND LIABILITIES CES Combined Entries Consolidated ------------ ------------ ------------- ------------ Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ..... * * * * Subsidiaries - common stock ......................... Additional paid in capital .......................... Retained earnings ................................... Accumulated foreign currency translation adjustment.. Unearned employee compensation ...................... ------------ ------------ ------------- ------------ Total common stock equity ............................. ------------ ------------ ------------- ------------ Long-term debt ........................................ Installment promissory notes payable .................. ------------ ------------ ------------- ------------ Total Capitalization .................................... ------------ ------------ ------------- ------------ Current Liabilities Short-term debt........................................ Current maturities of L.T. debt........................ 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....................... Deferred revenue....................................... Other ................................................. ------------ ------------ ------------- ------------ Total Other Liabilities and Deferred Credits ............ ------------ ------------ ------------- ------------ TOTAL CAPITALIZATION AND LIABILITIES .................... ============ ============ ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 99 F-1E (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiaries Consolidated Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
ASSETS CMC EN CNS ------------ ------------ ------------ Property, Plant and Equipment Gas utility and other plant, at original cost ..... * * * Accumulated depreciation........................... ------------ ------------ ------------ Net Gas Utility and Other Plant ................... ------------ ------------ ------------ Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ------------ ------------ ------------ Total Current Assets ................................ ------------ ------------ ------------ Deferred Charges .................................... Long-term Regulatory Assets ......................... ------------ ------------ ------------ TOTAL ASSETS ........................................ ============ ============ ============
Consolidating CNS ASSETS Combined Entries Consolidated ------------ ------------- ------------ Property, Plant and Equipment Gas utility and other plant, at original cost ..... * * * Accumulated depreciation........................... ------------ ------------- ------------ Net Gas Utility and Other Plant ................... ------------ ------------- ------------ Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ------------ ------------- ------------ Total Current Assets ................................ ------------ ------------- ------------ Deferred Charges .................................... Long-term Regulatory Assets ......................... ------------ ------------- ------------ TOTAL ASSETS ........................................ ============ ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 100 F-1E (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiaries Consolidated Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CAPITALIZATION AND LIABILITIES CMC EN CNS ------------ ------------ ------------ Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) .... * * * Subsidiaries - common stock ....................... Additional paid in capital ........................ Retained earnings ................................. Accumulated foreign currency translation adjustment Unearned employee compensation .................... ------------ ------------ ------------ Total common stock equity ........................... ------------ ------------ ------------ Long-term debt ...................................... Installment promissory notes payable ................ ------------ ------------ ------------ Total Capitalization .................................. ------------ ------------ ------------ Current Liabilities Short-term debt...................................... Current maturities of L.T. debt...................... 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 .................... Deferred revenue..................................... Other ............................................... ------------ ------------ ------------ Total Other Liabilities and Deferred Credits .......... ------------ ------------ ------------ TOTAL CAPITALIZATION AND LIABILITIES .................. ============ ============ ============
Consolidating CNS CAPITALIZATION AND LIABILITIES Combined Entries Consolidated ------------ ------------- ------------ Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) .... * * * Subsidiaries - common stock ....................... Additional paid in capital ........................ Retained earnings ................................. Accumulated foreign currency translation adjustment Unearned employee compensation .................... ------------ ------------- ------------ Total common stock equity ........................... ------------ ------------- ------------ Long-term debt ...................................... Installment promissory notes payable ................ ------------ ------------- ------------ Total Capitalization .................................. ------------ ------------- ------------ Current Liabilities Short-term debt...................................... Current maturities of L.T. debt...................... 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 .................... Deferred revenue..................................... Other ............................................... ------------ ------------- ------------ Total Other Liabilities and Deferred Credits .......... ------------ ------------- ------------ TOTAL CAPITALIZATION AND LIABILITIES .................. ============ ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 101 F-1F (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Resources, Inc. and Subsidiaries Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
ASSETS CNR HH CU AD AL ------------ ------------ ------------ ------------ ------------ Property, Plant and Equipment Gas utility and other plant, at original cost ..... * * * * * Accumulated depreciation........................... ------------ ------------ ------------ ------------ ------------ Net Gas Utility and Other Plant ................... ------------ ------------ ------------ ------------ ------------ Gas and oil producing properties, full cost method. United states cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ------------ ------------ ------------ ------------ ------------ Total Current Assets ................................ ------------ ------------ ------------ ------------ ------------ Deferred Charges .................................... Long-term Regulatory Assets ......................... ------------ ------------ ------------ ------------ ------------ TOTAL ASSETS ........................................ ============ ============ ============ ============ ============
Consolidating CER ASSETS CER Combined Entries Consolidated ------------ ------------ ------------- ------------ Property, Plant and Equipment Gas utility and other plant, at original cost ..... * * * * Accumulated depreciation........................... ------------ ------------ ------------- ------------ Net Gas Utility and Other Plant ................... ------------ ------------ ------------- ------------ Gas and oil producing properties, full cost method. United states cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ------------ ------------ ------------- ------------ Total Current Assets ................................ ------------ ------------ ------------- ------------ Deferred Charges .................................... Long-term Regulatory Assets ......................... ------------ ------------ ------------- ------------ TOTAL ASSETS ........................................ ============ ============ ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 102 F-1F (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Resources, Inc. and Subsidiaries Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CAPITALIZATION AND LIABILITIES CNR HH CU AD AL ------------ ------------ ------------ ------------ ------------ Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ...... * * * * * Subsidiaries - common stock ......................... Additional paid in capital .......................... Retained earnings ................................... Accumulated foreign currency translation adjustment.. Unearned employee compensation ...................... ------------ ------------ ------------ ------------ ------------ Total common stock equity ............................. ------------ ------------ ------------ ------------ ------------ Long-term debt ........................................ Installment promissory notes payable .................. ------------ ------------ ------------ ------------ ------------ Total Capitalization .................................... ------------ ------------ ------------ ------------ ------------ Current Liabilities Short-term debt........................................ Current maturities of L.T. debt........................ 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 Income taxes, noncurrent .............................. Investment tax credits ................................ Postretirement benefits other than pensions ........... Long-term regulatory liabilities ...................... Deferred revenue....................................... Other.................................................. ------------ ------------ ------------ ------------ ------------ Total Other Liabilities and Deferred Credits ............ ------------ ------------ ------------ ------------ ------------ TOTAL CAPITALIZATION AND LIABILITIES .................... ============ ============ ============ ============ ============
Consolidating CER CAPITALIZATION AND LIABILITIES CER Combined Entries Consolidated ------------ ------------ ------------- ------------ Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ....... * * * * Subsidiaries - common stock .......................... Additional paid in capital ........................... Retained earnings .................................... Accumulated foreign currency translation adjustment... Unearned employee compensation ....................... ------------ ------------ ------------- ------------ Total common stock equity .............................. ------------ ------------ ------------- ------------ Long-term debt ......................................... Installment promissory notes payable ................... ------------ ------------ ------------- ------------ Total Capitalization ..................................... ------------ ------------ ------------- ------------ Current Liabilities Short-term debt......................................... Current maturities of L.T. debt......................... 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 Income taxes, noncurrent ............................... Investment tax credits ................................. Postretirement benefits other than pensions ............ Long-term regulatory liabilities ....................... Deferred revenue........................................ Other................................................... ------------ ------------ ------------- ------------ Total Other Liabilities and Deferred Credits ............. ------------ ------------ ------------- ------------ TOTAL CAPITALIZATION AND LIABILITIES ..................... ============ ============ ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 103 F-1G (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Pipeline Company and Subsidiary Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating CPL ASSETS CDW CPL Combined Entries Consolidated ------------- ------------- ------------- ------------- ------------- Property, Plant and Equipment Gas utility and other plant, at original cost ..... * * * * * Accumulated depreciation........................... ------------- ------------- ------------- ------------- ------------- Net Gas Utility and Other Plant ................... ------------- ------------- ------------- ------------- ------------- Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ------------- ------------- ------------- ------------- ------------- Total Current Assets ................................ ------------- ------------- ------------- ------------- ------------- Deferred Charges .................................... Long-term Regulatory Assets ......................... ------------- ------------- ------------- ------------- ------------- TOTAL ASSETS ........................................ ============= ============= ============= ============= =============
* CONFIDENTIAL TREATMENT REQUESTED 104 F-1G (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Pipeline Company and Subsidiary Consolidating Balance Sheet as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating CPL CAPITALIZATION AND LIABILITIES CDW CPL Combined Entries Consolidated ------------- ------------- ------------- ------------- ------------ Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ....... * * * * * Subsidiaries - common stock .......................... Additional paid in capital ........................... Retained earnings .................................... Accumulated foreign currency translation adjustment... Unearned employee compensation ....................... ------------- ------------- ------------- ------------- ------------ Total common stock equity .............................. ------------- ------------- ------------- ------------- ------------ Long-term debt ......................................... Installment promissory notes payable ................... ------------- ------------- ------------- ------------- ------------ Total Capitalization ..................................... ------------- ------------- ------------- ------------- ------------ Current Liabilities Short-term debt......................................... Current maturities of L.T. debt......................... 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 ....................... Deferred revenue........................................ Other................................................... ------------- ------------- ------------- ------------- ------------ Total Other Liabilities and Deferred Credits ............. ------------- ------------- ------------- ------------- ------------ TOTAL CAPITALIZATION AND LIABILITIES ..................... ============= ============= ============= ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 105 F-2 (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet Entries as of December 31, 1998 (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........................... -------------- -------------- -------------- -------------- Net Gas Utility and Other Plant ................... -------------- -------------- -------------- -------------- Gas and oil producing properties, full cost method.. United States cost center........................ Canadian cost center............................. 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 ........................................... Gas inventory ..................................... Other inventories, at average cost ................ Prepayments ....................................... Regulatory assets ................................. Underrecovered gas costs .......................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. -------------- -------------- -------------- -------------- Total Current Assets ................................ -------------- -------------- -------------- -------------- Deferred Charges .................................... Long-term Regulatory Assets.......................... -------------- -------------- -------------- -------------- TOTAL ASSETS ........................................ ============== ============== ============== ==============
* CONFIDENTIAL TREATMENT REQUESTED 106 F-2 (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Balance Sheet Entries as of December 31, 1998 (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 (83,511,878 shares outstanding) ................................ * * * * Subsidiaries - common stock .................. Additional paid in capital ................... Retained earnings ............................ Accumulated foreign currency translation adjustment.................................. Unearned employee compensation................ ------------------ ------------------ ----------------- ------------------ Total common stock equity ...................... ------------------ ------------------ ----------------- ------------------ Long-term debt ................................. Installment promissory notes payable ........... ------------------ ------------------ ----------------- ------------------ 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 ............... Deferred revenue................................ Other .......................................... ------------------ ------------------ ----------------- ------------------ Total Other Liabilities and Deferred Credits ..... ------------------ ------------------ ----------------- ------------------ TOTAL CAPITALIZATION AND LIABILITIES ............. ================== ================== ================= ==================
* CONFIDENTIAL TREATMENT REQUESTED 107 F-2A (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Balance Sheet Entries as of December 31, 1998 (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........................... ---------------- ----------------- ---------------- ------------------ Net Gas Utility and Other Plant ................... ---------------- ----------------- ---------------- ------------------ Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ---------------- ----------------- ---------------- ------------------ Total Current Assets ................................ ---------------- ----------------- ---------------- ------------------ Deferred Charges .................................... Long-term Regulatory Assets.......................... ---------------- ----------------- ---------------- ------------------ TOTAL ASSETS ........................................ ================ ================= ================ ==================
* CONFIDENTIAL TREATMENT REQUESTED 108 F-2A (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Balance Sheet Entries as of December 31, 1998 (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 (83,511,878 shares outstanding) ...... * * * * Subsidiaries - common stock ......................... Additional paid in capital .......................... Retained earnings ................................... Accumulated foreign currency translation adjustment.. Unearned employee compensation....................... ---------------- ----------------- ---------------- -------------- Total common stock equity ............................. ---------------- ----------------- ---------------- -------------- Long-term debt ........................................ Installment promissory notes payable .................. ---------------- ----------------- ---------------- -------------- Total Capitalization .................................... ---------------- ----------------- ---------------- -------------- Current Liabilities Short-term debt........................................ Current maturities of L.T. debt........................ 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...................... Deferred revenue....................................... Other ................................................. ---------------- ----------------- ---------------- -------------- Total Other Liabilities and Deferred Credits ............ ---------------- ----------------- ---------------- -------------- TOTAL CAPITALIZATION AND LIABILITIES .................... ================ ================= ================ ==============
* CONFIDENTIAL TREATMENT REQUESTED 109 F-2B (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Group Capital Corporation and Subsidiaries Consolidating Balance Sheet Entries as of December 31, 1998 (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........................... ------------------ ----------------- --------------- --------------- Net Gas Utility and Other Plant ................... ------------------ ----------------- --------------- --------------- Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ------------------ ----------------- --------------- --------------- Total Current Assets ................................ ------------------ ----------------- --------------- --------------- Deferred Charges .................................... Long-term Regulatory Assets ......................... ------------------ ----------------- --------------- --------------- TOTAL ASSETS ........................................ ================== ================= =============== ===============
* CONFIDENTIAL TREATMENT REQUESTED 110 F-2B (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Group Capital Corporation and Subsidiaries Consolidating Balance Sheet Entries as of December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Entry No. 1 Entry No. 2 Eliminate Eliminate Entry No. 3 Intercompany Subsidiary Consoliding CAPITALIZATION AND LIABILITIES Total Transactions Equity Adjustments -------------- ----------------- --------------- --------------- Capitalization Common Stock Equity Columbia Energy Group - common stock, $10 par value (83,511,878 shares outstanding) ....... * * * Subsidiaries - common stock .......................... Additional paid in capital ........................... Retained earnings .................................... Accumulated foreign currency translation adjustment.. Unearned employee compensation ....................... -------------- ----------------- --------------- --------------- Total common stock equity .............................. -------------- ----------------- --------------- --------------- Long-term debt ......................................... Installment promissory notes payable ................... -------------- ----------------- --------------- --------------- Total Capitalization ..................................... -------------- ----------------- --------------- --------------- Current Liabilities Short-term debt......................................... Current maturities of L.T. debt......................... 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 ....................... Deferred revenue........................................ Other .................................................. -------------- ----------------- --------------- --------------- Total Other Liabilities and Deferred Credits ............. -------------- ----------------- --------------- --------------- TOTAL CAPITALIZATION AND LIABILITIES ..................... ============== ================= =============== ===============
* CONFIDENTIAL TREATMENT REQUESTED 111 F-2C (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Balance Sheet Entries as of December 31, 1998 (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........................... ------------ ----------------- ----------------- ----------------- Net Gas Utility and Other Plant ................... ------------ ----------------- ----------------- ----------------- Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ------------ ----------------- ----------------- ----------------- Total Current Assets ................................ ------------ ----------------- ----------------- ----------------- Deferred Charges .................................... Long-term Regulatory Assets ......................... ------------ ----------------- ----------------- ----------------- TOTAL ASSETS ........................................ ============ ================= ================= =================
* CONFIDENTIAL TREATMENT REQUESTED 112 F-2C (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Balance Sheet Entries as of December 31, 1998 (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 (83,511,878 shares outstanding) ....... * * * * Subsidiaries - common stock .......................... Additional paid in capital ........................... Retained earnings .................................... Accumulated foreign currency translation adjustment... Unearned employee compensation ....................... ------------ ----------------- ------------- ----------------- Total common stock equity .............................. ------------ ----------------- ------------- ----------------- Long-term debt ......................................... Installment promissory notes payable ................... ------------ ----------------- ------------- ----------------- Total Capitalization ..................................... ------------ ----------------- ------------- ----------------- Current Liabilities Short-term debt......................................... Current maturities of L.T. debt......................... 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 ....................... Deferred revenue........................................ Other................................................... ------------ ----------------- ------------- ----------------- Total Other Liabilities and Deferred Credits ............. ------------ ----------------- ------------- ----------------- TOTAL CAPITALIZATION AND LIABILITIES ..................... ============ ================= ============= =================
* CONFIDENTIAL TREATMENT REQUESTED 113 F-2D (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Services Corporation and Subsidiaries Consolidating Balance Sheet Entries as of December 31, 1998 (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........................... ------------ ----------------- ----------------- ------------------- Net Gas Utility and Other Plant ................... ------------ ----------------- ----------------- ------------------- Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ------------ ----------------- ----------------- ------------------- Total Current Assets ................................ ------------ ----------------- ----------------- ------------------- Deferred Charges .................................... Long-term Regulatory Assets.......................... ------------ ----------------- ----------------- ------------------- TOTAL ASSETS ........................................ ============ ================= ================= ===================
* CONFIDENTIAL TREATMENT REQUESTED 114 F-2D (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Services Corporation and Subsidiaries Consolidating Balance Sheet Entries as of December 31, 1998 (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 (83,511,878 shares outstanding) ....... * * * * Subsidiaries - common stock .......................... Additional paid in capital ........................... Retained earnings .................................... Accumulated foreign currency translation adjustment... Unearned employee compensation ....................... ------------- ----------------- ------------- -------------- Total common stock equity .............................. ------------- ----------------- ------------- -------------- Long-term debt ......................................... Installment promissory notes payable ................... ------------- ----------------- ------------- -------------- Total Capitalization ..................................... ------------- ----------------- ------------- -------------- Current Liabilities Short-term debt......................................... Current maturities of L.T. debt......................... 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........................ Deferred revenue........................................ Other .................................................. ------------- ----------------- ------------- -------------- Total Other Liabilities and Deferred Credits ............. ------------- ----------------- ------------- -------------- TOTAL CAPITALIZATION AND LIABILITIES ..................... ============= ================= ============= ==============
* CONFIDENTIAL TREATMENT REQUESTED 115 F-2E (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiaries Consolidated Balance Sheet Entries as of December 31, 1998 (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........................... ------------- ------------------ ------------------ ------------------ Net Gas Utility and Other Plant ................... ------------- ------------------ ------------------ ------------------ Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ------------- ------------------ ------------------ ------------------ Total Current Assets ................................ ------------- ------------------ ------------------ ------------------ Deferred Charges .................................... Long-term Regulatory Assets ......................... ------------- ------------------ ------------------ ------------------ TOTAL ASSETS ........................................ ============= ================== ================== ==================
* CONFIDENTIAL TREATMENT REQUESTED 116 F-2E (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiaries Consolidated Balance Sheet Entries as of December 31, 1998 (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 (83,511,878) shares outstanding) ....... * * * * Subsidiaries - common stock ........................... Additional paid in capital ............................ Retained earnings ..................................... Accumulated foreign currency translation adjustment.... Unearned employee compensation ........................ ------------- ------------------ ------------------ ------------- Total common stock equity ............................... ------------- ------------------ ------------------ ------------- Long-term debt .......................................... Installment promissory notes payable .................... ------------- ------------------ ------------------ ------------- Total Capitalization ..................................... ------------- ------------------ ------------------ ------------- Current Liabilities Short-term debt.......................................... Current maturities of L.T. debt.......................... 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 .......................... Overrecoverd 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 ........................ Deferred revenue......................................... Other ................................................... ------------- ------------------ ------------------ ------------- Total Other Liabilities and Deferred Credits .............. ------------- ------------------ ------------------ ------------- TOTAL CAPITALIZATION AND LIABILITIES ...................... ============= ================== ================== =============
* CONFIDENTIAL TREATMENT REQUESTED 117 F-2F (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Resources, Inc. and Subsidiaries Consolidating Balance Sheet Entries as of December 31, 1998 (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........................... ---------------- ---------------- ---------------- ---------------- Net Gas Utility and Other Plant ................... ---------------- ---------------- ---------------- ---------------- Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ---------------- ---------------- ---------------- ---------------- Total Current Assets ................................ ---------------- ---------------- ---------------- ---------------- Deferred Charges .................................... Long-term Regulatory Assets ......................... ---------------- ---------------- ---------------- ---------------- TOTAL ASSETS ........................................ ================ ================ ================ ================
* CONFIDENTIAL TREATMENT REQUESTED 118 F-2F (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Resources, Inc. and Subsidiaries Consolidating Balance Sheet Entries as of December 31, 1998 (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 (83,511,878 shares outstanding) ....... * * * * Subsidiaries - common stock .......................... Additional paid in capital ........................... Retained earnings .................................... Accumulated foreign currency translation adjustment... Unearned employee compensation ....................... ---------------- ---------------- ---------------- ---------------- Total common stock equity .............................. ---------------- ---------------- ---------------- ---------------- Long-term debt ......................................... Installment promissory notes payable ................... ---------------- ---------------- ---------------- ---------------- Total Capitalization ..................................... ---------------- ---------------- ---------------- ---------------- Current Liabilities Short-term debt......................................... Current maturities of L.T. debt......................... 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 Income taxes, noncurrent ............................... Investment tax credits ................................. Postretirement benefits other than pensions ............ Long-term regulatory liabilities ....................... Deferred revenue........................................ Other................................................... ---------------- ---------------- ---------------- ---------------- Total Other Liabilities and Deferred Credits ............. ---------------- ---------------- ---------------- ---------------- TOTAL CAPITALIZATION AND LIABILITIES ..................... ================ ================ ================ ================
* CONFIDENTIAL TREATMENT REQUESTED 119 F-2G (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Pipeline Company and Subsidiary Consolidating Balance Sheet Entries as of December 31, 1998 (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........................... ------------ ----------------- ----------------- ----------------- Net Gas Utility and Other Plant ................... ------------ ----------------- ----------------- ----------------- Gas and oil producing properties, full cost method. United States cost center........................ Canadian cost center............................. 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........................... Deferred property tax.............................. Exchange gas receivable............................ Other ............................................. ------------ ----------------- ----------------- ----------------- Total Current Assets ................................ ------------ ----------------- ----------------- ----------------- Deferred Charges .................................... Long-term Regulatory Assets ......................... ------------ ----------------- ----------------- ----------------- TOTAL ASSETS ........................................ ============ ================= ================= =================
*CONFIDENTIAL TREATMENT REQUESTED 120 F-2G (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Pipeline Company and Subsidiary Consolidating Balance Sheet Entries as of December 31, 1998 (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 (83,511,878 shares outstanding) ....... * * * * Subsidiaries - common stock .......................... Additional paid in capital ........................... Retained earnings .................................... Accumulated foreign currency translation adjustment... Unearned employee compensation ....................... ----------- ----------------- ------------ ----------------- Total common stock equity .............................. ----------- ----------------- ------------ ----------------- Long-term debt ......................................... Installment promissory notes payable ................... ----------- ----------------- ------------ ----------------- Total Capitalization ..................................... ----------- ----------------- ------------ ----------------- Current Liabilities Short-term debt......................................... Current maturities of L.T. debt......................... 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 ....................... Deferred revenue........................................ Other................................................... ----------- ----------------- ------------ ----------------- Total Other Liabilities and Deferred Credits ............. ----------- ----------------- ------------ ----------------- TOTAL CAPITALIZATION AND LIABILITIES ..................... =========== ================= ============ =================
* CONFIDENTIAL TREATMENT REQUESTED 121 F-3 (1 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Income Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-3 F-3 F-3 F-3 Page 2 Page 3 Page 4 Page 5 ----------------- ----------------- ----------------- ---------------- Net Revenues Energy sales ............................. * * * * Less: Products purchased................. ----------------- ----------------- ----------------- ---------------- Gross Margin.............................. Transportation............................ Production gas sales...................... Other .................................... ----------------- ----------------- ----------------- ---------------- Total Net Revenues.......................... Operating Expenses 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) .......................... ================= ================= ================= ================ Consolidating Combined Entries Consolidated ---------------- ----------------- ----------------- Net Revenues Energy sales ............................. * * 5,669,451 Less: Products purchased................. 4,654,010 ---------------- ----------------- ----------------- Gross Margin.............................. 1,015,441 Transportation............................ 557,514 Production gas sales...................... 113,936 Other .................................... 210,184 ---------------- ----------------- ----------------- Total Net Revenues.......................... 1,897,075 Operating Expenses Operation ................................ 810,064 Maintenance .............................. 91,465 Depreciation and depletion ............... 235,226 Other taxes .............................. 220,280 ---------------- ----------------- ----------------- Total Operating Expenses ................... 1,357,035 ---------------- ----------------- ----------------- Operating Income (Loss) .................... 540,040 ---------------- ----------------- ----------------- Other Income (Deductions) Interest income and other, net ........... 13,389 Interest expense and related charges ..... (152,400) ---------------- ----------------- ----------------- Total Other Income (Deductions) ............ (139,011) ---------------- ----------------- ----------------- Income (Loss) before Income Taxes........... 401,029 Income Taxes ............................... 131,785 ---------------- ----------------- ----------------- Net Income (Loss) .......................... 269,244 ================ ================= =================
*CONFIDENTIAL TREATMENT REQUESTED 122 F-3 (2 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Income Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
CER (a) TCO CGT ----------------- ----------------- ----------------- Net Revenues Energy sales .......................................... - 383 - Less: Products purchased ............................. - 383 - ----------------- ----------------- ----------------- Gross Margin .......................................... - - - Transportation ........................................ - 485,440 135,010 Production gas sales .................................. 113,936 - - Other ................................................. 13,587 211,202 7,692 ----------------- ----------------- ----------------- Total Net Revenues ...................................... 127,523 696,642 142,702 ----------------- ----------------- ----------------- Operating Expenses Operation ............................................. 43,103 255,620 55,905 Maintenance ........................................... 1,467 38,427 9,638 Depreciation and depletion ............................ 36,536 82,325 19,507 Other taxes ........................................... 9,200 44,655 7,211 ----------------- ----------------- ----------------- Total Operating Expenses ................................ 90,306 421,027 92,261 Operating Income (Loss) ................................. 37,217 275,615 50,441 ----------------- ----------------- ----------------- Other Income (Deductions) Interest income and other, net ........................ * 8,511 925 Interest expense and related charges .................. (46,995) (5,242) ----------------- ----------------- ----------------- Total Other Income (Deductions) ......................... (38,484) (4,317) ----------------- ----------------- ----------------- Income (Loss) before Income Taxes........................ 237,131 46,124 Income Taxes ............................................ 80,795 17,026 ----------------- ----------------- ----------------- Net Income (Loss) ....................................... 156,336 29,098 ================= ================= ================= F-3 Page 2 CLG (a) CKY Total ---------------- ---------------- ----------------- Net Revenues Energy sales .......................................... * 137,474 * Less: Products purchased ............................. 85,719 ---------------- ---------------- ----------------- Gross Margin .......................................... 51,755 Transportation ........................................ 8,359 Production gas sales .................................. - Other ................................................. 305 ---------------- ---------------- ----------------- Total Net Revenues ...................................... 60,419 ---------------- ---------------- ----------------- Operating Expenses Operation ............................................. 25,613 Maintenance ........................................... 2,434 Depreciation and depletion ............................ 7,463 Other taxes ........................................... 2,486 ---------------- ---------------- ----------------- Total Operating Expenses ................................ 37,996 Operating Income (Loss) ................................. 22,423 ---------------- ---------------- ----------------- Other Income (Deductions) Interest income and other, net ........................ 651 Interest expense and related charges .................. (4,462) ---------------- ---------------- ----------------- Total Other Income (Deductions) ......................... (3,811) ---------------- ---------------- ----------------- Income (Loss) before Income Taxes........................ 18,612 Income Taxes ............................................ 5,115 ---------------- ---------------- ----------------- Net Income (Loss) ....................................... 13,497 ================ ================ =================
(a) CER includes five subsidiaries and CLG include one subsidiary as noted in Item 1. Consolidating financial statements of CER and CLG are presented herewith in Item 10, Exhibits F-1F through F-6F and F-1C through F-6C, respectively. *CONFIDENTIAL TREATMENT REQUESTED 123 F-3 (3 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Income Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
COH CMD CPA ----------------- ----------------- ----------------- Net Revenues Energy sales .......................................... 963,484 36,176 352,581 Less: Products purchased ............................. 596,261 20,721 214,525 ----------------- ----------------- ----------------- Gross Margin .......................................... 367,223 15,455 138,056 Transportation ........................................ 100,935 3,800 38,353 Production gas sales .................................. - - - Other ................................................. 27,593 82 790 ----------------- ----------------- ----------------- Total Net Revenues ...................................... 495,751 19,337 177,199 ----------------- ----------------- ----------------- Operating Expenses Operation ............................................. 194,060 7,366 84,629 Maintenance ........................................... 18,525 1,148 8,759 Depreciation and depletion ............................ 46,942 2,191 15,011 Other taxes ........................................... 117,108 2,226 21,389 ----------------- ----------------- ----------------- Total Operating Expenses ................................ 376,635 12,931 129,788 ----------------- ----------------- ----------------- Operating Income (Loss) ................................. 119,116 6,406 47,411 ----------------- ----------------- ----------------- Other Income (Deductions) Interest income and other, net ........................ 1,322 45 (265) Interest expense and related charges .................. (29,095) (1,380) (13,289) ----------------- ----------------- ----------------- Total Other Income (Deductions) ......................... (27,773) (1,335) (13,554) ----------------- ----------------- ----------------- Income (Loss) before Income Taxes........................ 91,343 5,071 33,857 Income Taxes ............................................ 32,398 1,684 12,445 ----------------- ----------------- ----------------- Net Income (Loss) ....................................... 58,945 3,387 21,412 ================= ================= ================= F-3 Page 3 CGV CG Total ---------------- ---------------- ----------------- Net Revenues Energy sales .......................................... 162,020 * * Less: Products purchased ............................. 88,234 ---------------- ---------------- ----------------- Gross Margin .......................................... 73,786 Transportation ........................................ 14,674 Production gas sales .................................. - Other ................................................. 2,212 ---------------- ---------------- ----------------- Total Net Revenues ...................................... 90,672 ---------------- ---------------- ----------------- Operating Expenses Operation ............................................. 37,245 Maintenance ........................................... 5,866 Depreciation and depletion ............................ 10,551 Other taxes ........................................... 9,074 ---------------- ---------------- ----------------- Total Operating Expenses ................................ 62,736 ---------------- ---------------- ----------------- Operating Income (Loss) ................................. 27,936 ---------------- ---------------- ----------------- Other Income (Deductions) Interest income and other, net ........................ 880 Interest expense and related charges .................. (9,357) ---------------- ---------------- ----------------- Total Other Income (Deductions) ......................... (8,477) ---------------- ---------------- ----------------- Income (Loss) before Income Taxes........................ 19,459 Income Taxes ............................................ 6,730 ---------------- ---------------- ----------------- Net Income (Loss) ....................................... 12,729 ================ ================ =================
*CONFIDENTIAL TREATMENT REQUESTED 124 F-3 (4 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Income Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
CS CIC CES (a) ----------------- ----------------- ----------------- Net Revenues Energy sales .......................................... * * * Less: Products purchased.............................. ----------------- ----------------- ----------------- Gross Margin........................................... Transportation......................................... Production gas sales................................... Other ................................................. ----------------- ----------------- ----------------- Total Net Revenues....................................... ----------------- ----------------- ----------------- Operating Expenses 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) ....................................... ================= ================= ================= F-3 Page 4 CPC CEC (a) Total ---------------- ---------------- ----------------- Net Revenues Energy sales .......................................... * * * Less: Products purchased.............................. ---------------- ---------------- ----------------- Gross Margin........................................... Transportation......................................... Production gas sales................................... Other ................................................. ---------------- ---------------- ----------------- Total Net Revenues....................................... ---------------- ---------------- ----------------- Operating Expenses 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) ....................................... ================ ================ =================
(a) CES includes four subsidiaries and CEC includes eleven subsidiaries as noted in Item 1. Consolidating financial statements of CES and CEC are presented herewith in Item 10, Exhibits F-1D through F-6D and F-1A through F-6A, respectively. *CONFIDENTIAL TREATMENT REQUESTED 125 F-3 (5 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Income Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-3 Page 5 CCC (a) CAT CNS (a) CPL (a) Total ----------------- ----------------- ----------------- ---------------- ---------------- Net Revenues Energy sales .................. * * * * * Less: Products purchased...... ----------------- ----------------- ----------------- ---------------- ---------------- Gross Margin................... Transportation................. Production gas sales........... Other ......................... ----------------- ----------------- ----------------- ---------------- ---------------- Total Net Revenues............... ----------------- ----------------- ----------------- ---------------- ---------------- Operating Expenses 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) ............... ================= ================= ================= ================ ================
(a) Both CCC and CNS include two subsidiaries while CPL includes one subsidiary as noted in Item 1. Consolidating financial statements of CCC, CNS and CPL are presented herewith in Item 10, Exhibits F-1B through F-6B and F-1E through F-6E, respectively. *CONFIDENTIAL TREATMENT REQUESTED 126 F-3A (1 of 3) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Income Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-3A F-3A Consolidating CEC Page 2 Page 3 Combined Entries Consolidated ---------------- ----------------- ---------------- ------------------ ----------------- Net Revenues Energy sales ....................... * * * * * Less: Products purchased ........... ---------------- ----------------- ---------------- ------------------ ----------------- Gross Margin ....................... Transportation ..................... Production gas sales ............... Other .............................. ---------------- ----------------- ---------------- ------------------ ----------------- Total Net Revenues ................... ---------------- ----------------- ---------------- ------------------ ----------------- Operating Expenses 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 127 F-3A (2 of 3) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Income Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
CBG CBL CGG CGP ---------------- ----------------- ---------------- ------------------ Net Revenues Energy sales .......................................... * * * * Less: Products purchased .............................. ---------------- ----------------- ---------------- ------------------ Gross Margin .......................................... Transportation ........................................ Production gas sales .................................. Other ................................................. ---------------- ----------------- ---------------- ------------------ Total Net Revenues ...................................... ---------------- ----------------- ---------------- ------------------ Operating Expenses 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) ....................................... ================ ================= ================ ================== F-3A Page 2 CLP CEC Total ----------------- ----------------- ---------------- Net Revenues Energy sales .......................................... * * * Less: Products purchased .............................. ----------------- ----------------- ---------------- Gross Margin .......................................... Transportation ........................................ Production gas sales .................................. Other ................................................. ----------------- ----------------- ---------------- Total Net Revenues ...................................... ----------------- ----------------- ---------------- Operating Expenses 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 128 F-3A (3 of 3) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Income Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
CVG CVL CRL CEH ---------------- ----------------- ---------------- ------------------ Net Revenues Energy sales .......................................... * * * * Less: Products purchased .............................. ---------------- ----------------- ---------------- ------------------ Gross Margin .......................................... Transportation ........................................ Production gas sales .................................. Other ................................................. ---------------- ----------------- ---------------- ------------------ Total Net Revenues ...................................... ---------------- ----------------- ---------------- ------------------ Operating Expenses 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) ....................................... ================ ================= ================ ================== F-3A Page 3 CEL CGR Total ----------------- ----------------- ---------------- Net Revenues Energy sales .......................................... * * * Less: Products purchased .............................. ----------------- ----------------- ---------------- Gross Margin .......................................... Transportation ........................................ Production gas sales .................................. Other ................................................. ----------------- ----------------- ---------------- Total Net Revenues ...................................... ----------------- ----------------- ---------------- Operating Expenses 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 129 F-3B (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Group Capital Corporation and Subsidiaries Consolidating Statement of Income Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
TGT CTC CCC ------------------ ------------------------ ---------------------- Net Revenues Energy sales .............................................. * * * Less: Products purchased .................................. ------------------ ------------------------ ---------------------- Gross Margin .............................................. Transportation ............................................ Production gas sales ...................................... Other ..................................................... ------------------ ------------------------ ---------------------- Total Net Revenues .......................................... ------------------ ------------------------ ---------------------- Operating Expenses 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) ........................................... ================== ======================== ====================== Consolidating CCC Combined Entries Consolidated ------------------- ------------------------- --------------------- Net Revenues Energy sales .............................................. * * * Less: Products purchased .................................. ------------------- ------------------------- --------------------- Gross Margin .............................................. Transportation ............................................ Production gas sales ...................................... Other ..................................................... ------------------- ------------------------- --------------------- Total Net Revenues .......................................... ------------------- ------------------------- --------------------- Operating Expenses 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 130 F-3C (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Statement of Income Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating CLG CLNG CLG Combined Entries Consolidated ----------------- ----------------- ----------------- ----------------- ----------------- Net Revenues Energy sales ................... * * * * * Less: Products purchased ....... ----------------- ----------------- ----------------- ----------------- ----------------- Gross Margin ................... Transportation ................. Production gas sales ........... Other........................... ----------------- ----------------- ----------------- ----------------- ----------------- Total Net Revenues ............... ----------------- ----------------- ----------------- ----------------- ----------------- Operating Expenses 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 131 F-3D (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Services Corporation and Subsidiaries Consolidating Statement of Income Year Ended December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CEM CPM CSP ECC ----------------- ----------------- ----------------- ------------------- Net Revenues Energy sales .............................. * * * * Less: Products purchased .................. ----------------- ----------------- ----------------- ------------------- Gross Margin .............................. Transportation ............................ Production gas sales ...................... Other......... ............................ ----------------- ----------------- ----------------- ------------------- Total Net Revenues .......................... ----------------- ----------------- ----------------- ------------------- Operating Expenses 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) .......................... ================= ================= ================= =================== Consolidating CES CES Combined Entries Consolidated ------------------ ----------------- ----------------- ----------------- Net Revenues Energy sales .............................. * * * * Less: Products purchased .................. ------------------ ----------------- ----------------- ----------------- Gross Margin .............................. Transportation ............................ Production gas sales ...................... Other......... ............................ ------------------ ----------------- ----------------- ----------------- Total Net Revenues .......................... ------------------ ----------------- ----------------- ----------------- Operating Expenses 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 132 F-3E (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiaries Consolidating Statement of Income Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
CMC EN CNS ------------------ ------------------ ------------------ Net Revenues Energy sales .............................................. * * * Less: Products purchased .................................. ------------------ ------------------ ------------------ Gross Margin .............................................. Transportation ............................................ Production gas sales ...................................... Other ..................................................... ------------------ ------------------ ------------------ Total Net Revenues .......................................... ------------------ ------------------ ------------------ Operating Expenses 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) ........................................... ================== ================== ================== Consolidating CNS Combined Entries Consolidated ------------------ ----------------- ------------------ Net Revenues Energy sales .............................................. * * * Less: Products purchased .................................. ------------------ ----------------- ------------------ Gross Margin .............................................. Transportation ............................................ Production gas sales ...................................... Other ..................................................... ------------------ ----------------- ------------------ Total Net Revenues .......................................... ------------------ ----------------- ------------------ Operating Expenses 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 133 F-3F (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Resources, Inc. and Subsidiaries Consolidating Statement of Income Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
CNR HH CU ---------------- ---------------- ---------------- Net Revenues Energy sales............................................ * * * Less: Products purchased................................ ---------------- ---------------- ---------------- Gross margin............................................ Transportation.......................................... Production gas sales.................................... Other................................................... ---------------- ---------------- ---------------- Total Net Revenues........................................ ---------------- ---------------- ---------------- Operating Expenses 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) ........................................ ================ ================ ================
AD AL CER ---------------- ---------------- ---------------- Net Revenues Energy sales............................................ * * * Less: Products purchased................................ ---------------- ---------------- ---------------- Gross margin............................................ Transportation.......................................... Production gas sales.................................... Other................................................... ---------------- ---------------- ---------------- Total Net Revenues........................................ ---------------- ---------------- ---------------- Operating Expenses 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) ........................................ ================ ================ ================
Consolidating CER Combined Entries Consolidated --------------- --------------- --------------- Net Revenues Energy sales............................................ * * * Less: Products purchased................................ --------------- -------------- --------------- Gross margin............................................ Transportation.......................................... Production gas sales.................................... Other................................................... --------------- --------------- --------------- Total Net Revenues........................................ --------------- --------------- --------------- Operating Expenses 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 134 F-3G (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Pipeline Company and Subsidiary Consolidating Statement of Income Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
CDW CPL Combined ------------------ ------------------ ------------------ Net Revenues Energy sales .......................... * * * Less: Products purchased .............. ------------------ ------------------ ------------------ Gross Margin .......................... Transportation ........................ Production gas sales .................. Other ................................. ------------------ ------------------ ------------------ Total Net Revenues ...................... ------------------ ------------------ ------------------ Operating Expenses 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) ....................... ================== ================== ==================
Consolidating CPL Entries Consolidated ------------------ ------------------ Net Revenues Energy sales .......................... * * Less: Products purchased .............. ------------------ ------------------ Gross Margin .......................... Transportation ........................ Production gas sales .................. Other ................................. ------------------ ------------------ Total Net Revenues ...................... ------------------ ------------------ Operating Expenses 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 135 F-4 (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Income Entries Year Ended December 31, 1998 (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 ----------------- ----------------- ----------------- ----------------- Net Revenues Energy sales ................................... * * * * Less: Products purchased ....................... ----------------- ----------------- ----------------- ----------------- Gross Margin ................................... Transportation ................................. Production gas sales ........................... Other .......................................... ----------------- ----------------- ----------------- ----------------- Total Net Revenues ............................... ----------------- ----------------- ----------------- ----------------- Operating Expenses 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 136 F-4A (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Income Entries Year Ended December 31, 1998 (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 ---------------- ----------------- ---------------- ------------------ Net Revenues Energy sales ..................................... * * * * Less: Products purchased ......................... ---------------- ----------------- ---------------- ------------------ Gross Margin ..................................... Transportation ................................... Production gas sales ............................. Other ............................................ ---------------- ----------------- ---------------- ------------------ Total Net Revenues ................................. ---------------- ----------------- ---------------- ------------------ Operating Expenses 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 137 F-4B (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Group Capital Corporation and Subsidiaries Consolidating Statement of Income Entries Year Ended December 31, 1998 (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 ------------------ ------------------- ------------------- ------------------- Net Revenues Energy sales ........................... * * * * Less: Products purchased ............... ------------------ ------------------- ------------------- ------------------- Gross Margin ........................... Transportation ......................... Production gas sales ................... Other .................................. ------------------ ------------------- ------------------- ------------------- Total Net Revenues ....................... ------------------ ------------------- ------------------- ------------------- Operating Expenses 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 138 F-4C (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Statement of Income Entries Year Ended December 31, 1998 (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 ----------------- ----------------- ----------------- ----------------- Net Revenues Energy sales ............................. * * * * Less: Products purchased ................. ----------------- ----------------- ----------------- ----------------- Gross Margin ............................. Transportation ........................... Production gas sales ..................... Other..................................... ----------------- ----------------- ----------------- ----------------- Total Net Revenues ......................... ----------------- ----------------- ----------------- ----------------- Operating Expenses 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 139 F-4D (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Services Corporation and Subsidiaries Consolidating Statement of Income Entries Year Ended December 31, 1998 (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 ----------------- ----------------- ----------------- ------------------- Net Revenues Energy sales ............................... * * * * Less: Products purchased ................... ----------------- ----------------- ----------------- ------------------- Gross Margin ............................... Transportation ............................. Production gas sales ....................... Other......... ............................. ----------------- ----------------- ----------------- ------------------- Total Net Revenues ........................... ----------------- ----------------- ----------------- ------------------- Operating Expenses 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 140 F-4E (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiaries Consolidating Statement of Income Entries Year Ended December 31, 1998 (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 ------------------ ------------------ ------------------ ------------------ Net Revenues Energy sales ............................ * * * * Less: Products purchased ................ ------------------ ------------------ ------------------ ------------------ Gross Margin ............................ Transportation .......................... Production gas sales .................... Other ................................... ------------------ ------------------ ------------------ ------------------ Total Net Revenues ........................ ------------------ ------------------ ------------------ ------------------ Operating Expenses 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 141 F-4F (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Resources, Inc. and Subsidiaries Consolidating Statement of Income Entries Year Ended December 31, 1998 (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 ---------------- ---------------- ---------------- ---------------- Net Revenues Energy sales................................. * * * * Less: Products purchased..................... ---------------- ---------------- ---------------- ---------------- Gross margin................................. Transportation............................... Production gas sales......................... Other........................................ ---------------- ---------------- ---------------- ---------------- Total Net Revenues............................. ---------------- ---------------- ---------------- ---------------- Operating Expenses 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 142 F-4G (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Pipeline Company and Subsidiary Consolidating Statement of Income Entries Year Ended December 31, 1998 (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 ------------------ ------------------ ------------------ ------------------ Net Revenues Energy sales .............................. * * * * Less: Products purchased .................. ------------------ ------------------ ------------------ ------------------ Gross Margin .............................. Transportation ............................ Production gas sales ...................... Other ..................................... ------------------ ------------------ ------------------ ------------------ Total Net Revenues .......................... ------------------ ------------------ ------------------ ------------------ Operating Expenses 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 143 F-5 (1 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Common Stock Equity Year Ended December 31, 1998 (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 ........... * * * * * * 554,955 Common stock issued - Subsidiaries ........................ - Stock split 3 for 2.................. 277,856 Long-term incentive plan ............ 2,308 Public offering ..................... - ---------- ---------- ---------- ---------- ---------- ------------- ------------ Balance at end of year ................. 835,119 ---------- ---------- ---------- ---------- ---------- ------------- ------------ Additional Paid in Capital Balance at beginning of year ........... 754,215 Common stock issued - Subsidiaries ........................ - Long-term incentive plan ............ 7,589 Public offering ..................... - Recapitalization - Capital contributions................ - ---------- ---------- ---------- ---------- ---------- ------------- ------------ Balance at end of year ................. 761,804 ---------- ---------- ---------- ---------- ---------- ------------- ------------ Retained Earnings Balance at beginning of year ........... 482,714 Net income (loss)...................... 269,244 Stock dividend - stock split 3 for 2... 278,467 Cash dividends - CG .................................. 63,947 Subsidiaries (to CG) ................ - Other ................................. - ---------- ---------- ---------- ---------- ---------- ------------- ------------ Balance at end of year ................. 409,544 ---------- ---------- ---------- ---------- ---------- ------------- ------------ Reacquired Capital Stock................. - Accumulated Foreign Currency Translation Adjusment Balance at beginning of year . - Translation adjustment................. (281) ---------- ---------- ---------- ---------- ---------- ------------- ------------ Balance at end of year ................. (281) ---------- ---------- ---------- ---------- ---------- ------------- ------------ Unearned Employee Compensation Balance at beginning of year ........... (1,168) Adjustment ............................ 292 ---------- ---------- ---------- ---------- ---------- ------------- ------------ Balance at end of year ................. (876) ---------- ---------- ---------- ---------- ---------- ------------- ------------ TOTAL COMMON STOCK EQUITY 2,005,310 ========== ========== ========== ========== ========== ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 144 F-5 (2 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Common Stock Equity Year Ended December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-5 Page 2 CER (a) TCO CGT CLG (a) CKY Total --------- ------------ ----------- ----------- ----------- ------------ Common Stock Balance at beginning of year ............. * 48 20 * 23,806 * Common stock issued - Subsidiaries .......................... - - - Stock split 3 for 2.................... - - - Long-term incentive plan .............. - - - Public offering ....................... - - - --------- ------------ ----------- ----------- ----------- ------------ Balance at end of year ................... 48 20 23,806 --------- ------------ ----------- ----------- ----------- ------------ Additional Paid in Capital Balance at beginning of year ............. 1,512,025 82,429 174 Common stock issued - Subsidiaries .......................... - - - Long-term incentive plan .............. - - - Public offering ....................... - - - Recapitalization - Capital contributions.................. - - - --------- ------------ ----------- ----------- ----------- ------------ Balance at end of year ................... 1,512,025 82,429 174 --------- ------------ ----------- ----------- ----------- ------------ Retained Earnings Balance at beginning of year ............. (537,611) 21,404 42,681 Net income .............................. 156,336 29,098 13,497 Stock dividend - stock split 3 for 2..... - - - Cash dividends - CG .................................... - - - Subsidiaries (to CG) .................. 135,000 10,500 11,094 Other ................................... - - - --------- ------------ ----------- ----------- ----------- ------------ Balance at end of year ................... (516,275) 40,002 45,084 --------- ------------ ----------- ----------- ----------- ------------ Reacquired Capital Stock................... - - - Accumulated Foreign Currency Translation Adjusment Balance at beginning of year ... - - - Translation Adjustment................... - - - --------- ------------ ----------- ----------- ----------- ------------ Balance at end of year ................... - - - --------- ------------ ----------- ----------- ----------- ------------ Unearned Employee Compensation Balance at beginning of year ............. - - - Adjustment .............................. - - - --------- ------------ ----------- ----------- ----------- ------------ Balance at end of year ................... - - - --------- ------------ ----------- ----------- ----------- ------------ TOTAL COMMON STOCK EQUITY 995,798 122,451 69,064 ========= ============ =========== =========== =========== ============
(a) CER includes five subsidiaries and CLG includes one subsidiary as noted in Item 1. Consolidating financial statements of CER and CLG are presented herewith in Item 10, Exhibits F-1F through F-6F and F-1C through F-6C, respectively. * CONFIDENTIAL TREATMENT REQUESTED 145 F-5 (3 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Common Stock Equity Year Ended December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-5 Page 3 CMD CPA CGV COH CG Total ----------- ---------- ----------- ------------ ------- ---------- Common Stock Balance at beginning of year ............... 72 85,128 65,305 119,240 * * Common stock issued - Subsidiaries ............................ - - - - Stock split 3 for 2...................... - - - - Long-term incentive plan ................ - - - - Public offering ......................... - - - - ----------- ---------- ----------- ------------ ------- ---------- Balance at end of year ..................... 72 85,128 65,305 119,240 ----------- ---------- ----------- ------------ ------- ---------- Additional Paid in Capital Balance at beginning of year ............... 10,020 - 2,969 - Common stock issued - Subsidiaries ............................ - - - - Long-term incentive plan ................ - - - - Public offering ......................... - - - - Recapitalization - Capital contributions.................... - - - - ----------- ---------- ----------- ------------ ------- ---------- Balance at end of year ..................... 10,020 - 2,969 - ----------- ---------- ----------- ------------ ------- ---------- Retained Earnings Balance at beginning of year ............... 12,308 130,987 73,520 303,247 Net income ................................ 3,387 21,412 12,729 58,945 Stock dividend - stock split 3 for 2....... - - - - Cash dividends - CG ...................................... - - - - Subsidiaries (to CG) .................... 2,492 18,728 - 45,788 Other ..................................... - - - - ----------- ---------- ----------- ------------ ------- ---------- Balance at end of year ..................... 13,203 133,671 86,249 316,404 ----------- ---------- ----------- ------------ ------- ---------- Reacquired Capital Stock..................... - - - - Accumulated Foreign Currency Translation Adjusment Balance at beginning of year ..... - - - - Translation Adjustment..................... - - - - ----------- ---------- ----------- ------------ ------- ---------- Balance at end of year ..................... - - - - ----------- ---------- ----------- ------------ ------- ---------- Unearned Employee Compensation Balance at beginning of year ............... - - - - Adjustment ................................ - - - - ----------- ---------- ----------- ------------ ------- ---------- Balance at end of year ..................... - - - - ----------- ---------- ----------- ------------ ------- ---------- TOTAL COMMON STOCK EQUITY 23,295 218,799 154,523 435,644 =========== ========== =========== ============ ======= ==========
* CONFIDENTIAL TREATMENT REQUESTED 146 F-5 (4 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Common Stock Equity Year Ended December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-5 Page 4 CS CIC CES (a) CPC CEC (a) Total ----------- ----- ------- ----- ------- ---------- Common Stock Balance at beginning of year .............. 300 * * * * * Common stock issued - Subsidiaries ........................... - Stock split 3 for 2..................... - Long-term incentive plan ............... - Public offering ........................ - ----------- ----- ------- ----- ------- ---------- Balance at end of year .................... 300 ----------- ----- ------- ----- ------- ---------- Additional Paid in Capital Balance at beginning of year .............. 12,700 Common stock issued - Subsidiaries ........................... - Long-term incentive plan ............... - Public offering ........................ - Recapitalization - Capital contributions................... - ----------- ----- ------- ----- ------- ---------- Balance at end of year .................... 12,700 ----------- ----- ------- ----- ------- ---------- Retained Earnings Balance at beginning of year .............. 186 Net income (loss)......................... 2,237 Stock dividend - stock split 3 for 2...... - Cash dividends - CG ..................................... - Subsidiaries (to CG) ................... 2,237 Other .................................... - ----------- ----- ------- ----- ------- ---------- Balance at end of year .................... 186 ----------- ----- ------- ----- ------- ---------- Reacquired Capital Stock.................... - Accumulated Foreign Currency Translation Adjusment Balance at beginning of year .... - Translation Adjustment.................... - ----------- ----- ------- ----- ------- ---------- Balance at end of year .................... - ----------- ----- ------- ----- ------- ---------- Unearned Employee Compensation Balance at beginning of year .............. - Adjustment ............................... - ----------- ----- ------- ----- ------- ---------- Balance at end of year .................... - ----------- ----- ------- ----- ------- ---------- TOTAL COMMON STOCK EQUITY 13,186 =========== ===== ======= ===== ======= ==========
(a) CES includes four subsidiaries and CEC includes eleven subsidiaries as noted in Item 1. Consolidating financial statements of CES and CEC are presented herewith in Item 10, Exhibits F-1D through F-6D and F-1A through F-6A, respectively. * CONFIDENTIAL TREATMENT REQUESTED 147 F-5 (5 of 5) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Common Stock Equity Year Ended December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-5 Page 5 CCC (a) CAT CNS (a) CPL (a) Total ----------- ----- ----------- ----------- ---------- Common Stock Balance at beginning of year .............. * * * * * Common stock issued - Subsidiaries ........................... Stock split 3 for 2..................... Long-term incentive plan ............... Public offering ........................ ----------- ----- ----------- ----------- ---------- Balance at end of year .................... ----------- ----- ----------- ----------- ---------- Additional Paid in Capital Balance at beginning of year .............. Common stock issued - Subsidiaries ........................... Long-term incentive plan ............... Public offering ........................ Recapitalization - Capital contributions................... ----------- ----- ----------- ----------- ---------- Balance at end of year .................... ----------- ----- ----------- ----------- ---------- Retained Earnings Balance at beginning of year .............. Net income ............................... Stock dividend - stock split 3 for 2...... Cash dividends - CG ..................................... Subsidiaries (to CG) ................... Other .................................... ----------- ----- ----------- ----------- ---------- Balance at end of year .................... ----------- ----- ----------- ----------- ---------- Reacquired Capital Stock.................... Accumulated Foreign Currency Translation Adjusment Balance at beginning of year .... Translation Adjustment.................... ----------- ----- ----------- ----------- ---------- Balance at end of year .................... ----------- ----- ----------- ----------- ---------- Unearned Employee Compensation Balance at beginning of year .............. Adjustment ............................... ----------- ----- ----------- ----------- ---------- Balance at end of year .................... ----------- ----- ----------- ----------- ---------- TOTAL COMMON STOCK EQUITY =========== ===== =========== =========== ==========
(a) CCC and CNS include two subsidiaries and CPL includes one subsidiary as noted in Item 1. Consolidating financial statements of CCC, CNS and CPL are presented herewith in Item 10, Exhibits F-1B through F-6B, F-1E through F-6E and F-1G through F-6G, respectively. * CONFIDENTIAL TREATMENT REQUESTED 148 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, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
F-5A F-5A Page 2 Page 3 Combined ---------------- ----------------- ---------------- Common Stock Balance at beginning of year ....................... * * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ---------------- ----------------- ---------------- Balance at end of year ............................. ---------------- ----------------- ---------------- Additional Paid in Capital Balance at beginning of year ....................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Recapitalization - Capital contributions ........................... ---------------- ----------------- ---------------- Balance at end of year ............................. ---------------- ----------------- ---------------- Retained Earnings Balance at beginning of year ....................... Net income (loss) ................................. Stock dividend - stock split 3 for 2............... Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ---------------- ----------------- ---------------- Balance at end of year ............................. ---------------- ----------------- ---------------- Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ....................... Translation adjustment............................. ---------------- ----------------- ---------------- Balance at end of year ............................. ---------------- ----------------- ---------------- Unearned Employee Compensation Balance at beginning of year ....................... Adjustment ........................................ ---------------- ----------------- ---------------- Balance at end of year ............................. ---------------- ----------------- ---------------- TOTAL COMMON STOCK EQUITY ================ ================= ================
Consolidating CEC Entries Consolidated ------------------ ----------------- Common Stock Balance at beginning of year ....................... * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ------------------ ----------------- Balance at end of year ............................. ------------------ ----------------- Additional Paid in Capital Balance at beginning of year ....................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Recapitalization - Capital contributions ........................... ------------------ ----------------- Balance at end of year ............................. ------------------ ----------------- Retained Earnings Balance at beginning of year ....................... Net income (loss) ................................. Stock dividend - stock split 3 for 2............... Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ------------------ ----------------- Balance at end of year ............................. ------------------ ----------------- Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ....................... Translation adjustment............................. ------------------ ----------------- Balance at end of year ............................. ------------------ ----------------- Unearned Employee Compensation Balance at beginning of year ....................... Adjustment ........................................ ------------------ ----------------- Balance at end of year ............................. ------------------ ----------------- TOTAL COMMON STOCK EQUITY ================== =================
* CONFIDENTIAL TREATMENT REQUESTED 149 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, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CBG CBL CGG CGP ---------------- ----------------- ---------------- ------------------ Common Stock Balance at beginning of year ....................... * * * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ---------------- ----------------- ---------------- ------------------ Balance at end of year ............................. ---------------- ----------------- ---------------- ------------------ Additional Paid in Capital Balance at beginning of year ....................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Recapitalization - Capital contributions ........................... ---------------- ----------------- ---------------- ------------------ Balance at end of year ............................. ---------------- ----------------- ---------------- ------------------ Retained Earnings Balance at beginning of year ....................... Net Income ........................................ Stock dividend - stock split 3 for 2............... Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ---------------- ----------------- ---------------- ------------------ Balance at end of year ............................. ---------------- ----------------- ---------------- ------------------ Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ....................... Translation Adjustment............................. ---------------- ----------------- ---------------- ------------------ Balance at end of year ............................. ---------------- ----------------- ---------------- ------------------ Unearned Employee Compensation Balance at beginning of year ....................... Adjustment ........................................ ---------------- ----------------- ---------------- ------------------ Balance at end of year ............................. ---------------- ----------------- ---------------- ------------------ TOTAL COMMON STOCK EQUITY ================ ================= ================ ==================
F-5A Page 2 CLP CEC Total ----------------- ----------------- ---------------- Common Stock Balance at beginning of year ....................... * * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ----------------- ----------------- ---------------- Balance at end of year ............................. ----------------- ----------------- ---------------- Additional Paid in Capital Balance at beginning of year ....................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Recapitalization - Capital contributions ........................... ----------------- ----------------- ---------------- Balance at end of year ............................. ----------------- ----------------- ---------------- Retained Earnings Balance at beginning of year ....................... Net Income ........................................ Stock dividend - stock split 3 for 2............... Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ----------------- ----------------- ---------------- Balance at end of year ............................. ----------------- ----------------- ---------------- Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ....................... Translation Adjustment............................. ----------------- ----------------- ---------------- Balance at end of year ............................. ----------------- ----------------- ---------------- Unearned Employee Compensation Balance at beginning of year ....................... Adjustment ........................................ ----------------- ----------------- ---------------- Balance at end of year ............................. ----------------- ----------------- ---------------- TOTAL COMMON STOCK EQUITY ================= ================= ================
* CONFIDENTIAL TREATMENT REQUESTED 150 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, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CVG CVL CRL CEH ---------------- ----------------- ---------------- ------------------ Common Stock Balance at beginning of year ....................... * * * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ---------------- ----------------- ---------------- ------------------ Balance at end of year ............................. ---------------- ----------------- ---------------- ------------------ Additional Paid in Capital Balance at beginning of year ....................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Recapitalization - Capital contributions ........................... ---------------- ----------------- ---------------- ------------------ Balance at end of year ............................. ---------------- ----------------- ---------------- ------------------ Retained Earnings Balance at beginning of year ....................... Net Income ........................................ Stock dividend - stock split 3 for 2............... Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ---------------- ----------------- ---------------- ------------------ Balance at end of year ............................. ---------------- ----------------- ---------------- ------------------ Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ....................... Translation adjustment............................. ---------------- ----------------- ---------------- ------------------ Balance at end of year ............................. ---------------- ----------------- ---------------- ------------------ Unearned Employee Compensation Balance at beginning of year ....................... Adjustment ........................................ ---------------- ----------------- ---------------- ------------------ Balance at end of year ............................. ---------------- ----------------- ---------------- ------------------ TOTAL COMMON STOCK EQUITY ================ ================= ================ ==================
F-5A Page 3 CEL CGR Total ----------------- ----------------- ---------------- Common Stock Balance at beginning of year ....................... * * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ----------------- ----------------- ---------------- Balance at end of year ............................. ----------------- ----------------- ---------------- Additional Paid in Capital Balance at beginning of year ....................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Recapitalization - Capital contributions ........................... ----------------- ----------------- ---------------- Balance at end of year ............................. ----------------- ----------------- ---------------- Retained Earnings Balance at beginning of year ....................... Net Income ........................................ Stock dividend - stock split 3 for 2............... Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ----------------- ----------------- ---------------- Balance at end of year ............................. ----------------- ----------------- ---------------- Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ....................... Translation adjustment............................. ----------------- ----------------- ---------------- Balance at end of year ............................. ----------------- ----------------- ---------------- Unearned Employee Compensation Balance at beginning of year ....................... Adjustment ........................................ ----------------- ----------------- ---------------- Balance at end of year ............................. ----------------- ----------------- ---------------- TOTAL COMMON STOCK EQUITY ================= ================= ================
* CONFIDENTIAL TREATMENT REQUESTED 151 F-5B (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Group Capital Corporation and Subsidiaries Consolidating Statement of Common Stock Equity Year Ended December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
TGT CTC CCC ------------------ ------------------------ ---------------------- Common Stock Balance at beginning of year ...................... * * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ------------------ ------------------------ ---------------------- Balance at end of year ............................ ------------------ ------------------------ ---------------------- Additional Paid in Capital Balance at beginning of year ...................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Recapitalization - Capital contributions ........................... ------------------ ------------------------ ---------------------- Balance at end of year ............................ ------------------ ------------------------ ---------------------- Retained Earnings Balance at beginning of year ...................... Net income (loss) ................................. Stock dividend - stock split 3 for 2............... Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ------------------ ------------------------ ---------------------- Balance at end of year ............................ ------------------ ------------------------ ---------------------- Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ...................... Translation adjustment............................. ------------------ ------------------------ ---------------------- Balance at end of year ............................ ------------------ ------------------------ ---------------------- Unearned Employee Compensation Balance at beginning of year ...................... Adjustment ........................................ ------------------ ------------------------ ---------------------- Balance at end of year ............................ ------------------ ------------------------ ---------------------- TOTAL COMMON STOCK EQUITY ........................... ================== ======================== ======================
Consolidating CCC Combined Entries Consolidated ------------------- ------------------------- -------------------------- Common Stock Balance at beginning of year ...................... * * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ------------------- ------------------------- -------------------------- Balance at end of year ............................ ------------------- ------------------------- -------------------------- Additional Paid in Capital Balance at beginning of year ...................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Recapitalization - Capital contributions ........................... ------------------- ------------------------- -------------------------- Balance at end of year ............................ ------------------- ------------------------- -------------------------- Retained Earnings Balance at beginning of year ...................... Net income (loss) ................................. Stock dividend - stock split 3 for 2............... Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ------------------- ------------------------- -------------------------- Balance at end of year ............................ ------------------- ------------------------- -------------------------- Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ...................... Translation adjustment............................. ------------------- ------------------------- -------------------------- Balance at end of year ............................ ------------------- ------------------------- -------------------------- Unearned Employee Compensation Balance at beginning of year ...................... Adjustment ........................................ ------------------- ------------------------- -------------------------- Balance at end of year ............................ ------------------- ------------------------- -------------------------- TOTAL COMMON STOCK EQUITY ........................... =================== ========================= ==========================
* CONFIDENTIAL TREATMENT REQUESTED 152 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, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CLNG CLG Combined ----------------- ----------------- ----------------- Common Stock Balance at beginning of year ...................... * * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ----------------- ----------------- ----------------- Balance at end of year ............................ ----------------- ----------------- ----------------- Additional Paid in Capital Balance at beginning of year ...................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Other ........................................... Recapitalization - Capital contributions ........................... ----------------- ----------------- ----------------- Balance at end of year ............................ ----------------- ----------------- ----------------- Retained Earnings Balance at beginning of year ...................... Net income (loss) ................................. Stock dividend - stock split 3 for 2............... Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ----------------- ----------------- ----------------- Balance at end of year ............................ ----------------- ----------------- ----------------- Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ...................... Translation adjustment............................. ----------------- ----------------- ----------------- Balance at end of year ............................ ----------------- ----------------- ----------------- Unearned Employee Compensation Balance at beginning of year ...................... Adjustment ........................................ ----------------- ----------------- ----------------- Balance at end of year ............................ ----------------- ----------------- ----------------- TOTAL COMMON STOCK EQUITY ........................... ================= ================= =================
Consolidating CLG Entries Consolidated ----------------- ----------------- Common Stock Balance at beginning of year ...................... * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ----------------- ----------------- Balance at end of year ............................ ----------------- ----------------- Additional Paid in Capital Balance at beginning of year ...................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Other ........................................... Recapitalization - Capital contributions ........................... ----------------- ----------------- Balance at end of year ............................ ----------------- ----------------- Retained Earnings Balance at beginning of year ...................... Net income (loss) ................................. Stock dividend - stock split 3 for 2............... Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ----------------- ----------------- Balance at end of year ............................ ----------------- ----------------- Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ...................... Translation adjustment............................. ----------------- ----------------- Balance at end of year ............................ ----------------- ----------------- Unearned Employee Compensation Balance at beginning of year ...................... Adjustment ........................................ ----------------- ----------------- Balance at end of year ............................ ----------------- ----------------- TOTAL COMMON STOCK EQUITY ........................... ================= =================
* CONFIDENTIAL TREATMENT REQUESTED 153 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, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CEM CPM CSP ECC ----------------- -------------- -------------- ------------------- Common Stock Balance at beginning of year ....................... * * * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ----------------- -------------- -------------- ------------------- Balance at end of year ............................. ----------------- -------------- -------------- ------------------- Additional Paid in Capital Balance at beginning of year ....................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Other ........................................... Recapitalization - Capital contributions............................ ----------------- -------------- -------------- ------------------- Balance at end of year ............................. ----------------- -------------- -------------- ------------------- Retained Earnings Balance at beginning of year ....................... Net income (loss)................................... Stock dividend - stock split 3 for 2................ Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ----------------- -------------- -------------- ------------------- Balance at end of year ............................. ----------------- -------------- -------------- ------------------- Reacquired Capital Stock............................. Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ....................... Translation adjustment............................. ----------------- -------------- -------------- ------------------- Balance at end of year ............................. ----------------- -------------- -------------- ------------------- Unearned Employee Compensation Balance at beginning of year ....................... Adjustment ........................................ ----------------- -------------- -------------- ------------------- Balance at end of year ............................. ----------------- -------------- -------------- ------------------- TOTAL COMMON STOCK EQUITY ================= ============== ============== ===================
Consolidating CES CES Combined Entries Consolidated --------------- ----------------- ----------------- ----------------- Common Stock Balance at beginning of year ....................... * * * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. --------------- ----------------- ----------------- ----------------- Balance at end of year ............................. --------------- ----------------- ----------------- ----------------- Additional Paid in Capital Balance at beginning of year ....................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Other ........................................... Recapitalization - Capital contributions............................ --------------- ----------------- ----------------- ----------------- Balance at end of year ............................. --------------- ----------------- ----------------- ----------------- Retained Earnings Balance at beginning of year ....................... Net income (loss)................................... Stock dividend - stock split 3 for 2................ Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. --------------- ----------------- ----------------- ----------------- Balance at end of year ............................. --------------- ----------------- ----------------- ----------------- Reacquired Capital Stock............................. Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ....................... Translation adjustment............................. --------------- ----------------- ----------------- ----------------- Balance at end of year ............................. --------------- ----------------- ----------------- ----------------- Unearned Employee Compensation Balance at beginning of year ....................... Adjustment ........................................ --------------- ----------------- ----------------- ----------------- Balance at end of year ............................. --------------- ----------------- ----------------- ----------------- TOTAL COMMON STOCK EQUITY =============== ================= ================= =================
* CONFIDENTIAL TREATMENT REQUESTED 154 F-5E (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiaries Consolidating Statement of Common Stock Equity Year Ended December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CMC EN CNS ------------------ ------------------ ------------------ Common Stock Balance at beginning of year ...................... * * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ------------------ ------------------ ------------------ Balance at end of year ............................ ------------------ ------------------ ------------------ Additional Paid in Capital Balance at beginning of year ...................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Other ........................................... Recapitalization - Capital contributions ........................... ------------------ ------------------ ------------------ Balance at end of year ............................ ------------------ ------------------ ------------------ Retained Earnings Balance at beginning of year ...................... Net income (loss) ................................. Stock dividend - stock split 3 for 2............... Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ------------------ ------------------ ------------------ Balance at end of year ............................ ------------------ ------------------ ------------------ Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ...................... Translation adjustment ........................... ------------------ ------------------ ------------------ Balance at end of year ............................ ------------------ ------------------ ------------------ Unearned Employee Compensation Balance at beginning of year ...................... Adjustment........................................ ------------------ ------------------ ------------------ Balance at end of year ............................ ------------------ ------------------ ------------------ TOTAL COMMON STOCK EQUITY ........................... ================== ================== ==================
Consolidating CNS Combined Entries Consolidated ------------------ ----------------- ------------------ Common Stock Balance at beginning of year ...................... * * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ------------------ ----------------- ------------------ Balance at end of year ............................ ------------------ ----------------- ------------------ Additional Paid in Capital Balance at beginning of year ...................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Other ........................................... Recapitalization - Capital contributions ........................... ------------------ ----------------- ------------------ Balance at end of year ............................ ------------------ ----------------- ------------------ Retained Earnings Balance at beginning of year ...................... Net income (loss) ................................. Stock dividend - stock split 3 for 2............... Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ------------------ ----------------- ------------------ Balance at end of year ............................ ------------------ ----------------- ------------------ Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ...................... Translation adjustment ........................... ------------------ ----------------- ------------------ Balance at end of year ............................ ------------------ ----------------- ------------------ Unearned Employee Compensation Balance at beginning of year ...................... Adjustment........................................ ------------------ ----------------- ------------------ Balance at end of year ............................ ------------------ ----------------- ------------------ TOTAL COMMON STOCK EQUITY ........................... ================== ================= ==================
* CONFIDENTIAL TREATMENT REQUESTED 155 F-5F (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Resources, Inc. and Subsidiaries Consolidating Statement of Common Stock Equity Year Ended December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CNR HH CU ---------------- ---------------- ---------------- Common Stock Balance at beginning of year ...................... * * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ---------------- ---------------- ---------------- Balance at end of year ............................ ---------------- ---------------- ---------------- Additional Paid in Capital Balance at beginning of year ...................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Other............................................ Recapitalization - Capital contributions ........................... ---------------- ---------------- ---------------- Balance at end of year ............................ ---------------- ---------------- ---------------- Retained Earnings Balance at beginning of year ...................... Net income (loss) ................................. Stock dividends - stock split 3 for 2.............. Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ---------------- ---------------- ---------------- Balance at end of year ............................ ---------------- ---------------- ---------------- Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ...................... Translation adjustment........................... ---------------- ---------------- ---------------- Balance at end of year ............................ ---------------- ---------------- ---------------- Unearned Employee Compensation Balance at beginning of year ...................... Adjustment........................................ ---------------- ---------------- ---------------- Balance at end of year ............................ ---------------- ---------------- ---------------- TOTAL COMMON STOCK EQUITY ........................... ================ ================ ================
AD AL CER ---------------- ---------------- ---------------- Common Stock Balance at beginning of year ...................... * * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ---------------- ---------------- ---------------- Balance at end of year ............................ ---------------- ---------------- ---------------- Additional Paid in Capital Balance at beginning of year ...................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Other............................................ Recapitalization - Capital contributions ........................... ---------------- ---------------- ---------------- Balance at end of year ............................ ---------------- ---------------- ---------------- Retained Earnings Balance at beginning of year ...................... Net income (loss) ................................. Stock dividends - stock split 3 for 2.............. Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ---------------- ---------------- ---------------- Balance at end of year ............................ ---------------- ---------------- ---------------- Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ...................... Translation adjustment........................... ---------------- ---------------- ---------------- Balance at end of year ............................ ---------------- ---------------- ---------------- Unearned Employee Compensation Balance at beginning of year ...................... Adjustment........................................ ---------------- ---------------- ---------------- Balance at end of year ............................ ---------------- ---------------- ---------------- TOTAL COMMON STOCK EQUITY ........................... ================ ================ ================
Consolidating CER Combined Entries Consolidated ---------------- ---------------- ---------------- Common Stock Balance at beginning of year ...................... * * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ---------------- ---------------- ---------------- Balance at end of year ............................ ---------------- ---------------- ---------------- Additional Paid in Capital Balance at beginning of year ...................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Other............................................ Recapitalization - Capital contributions ........................... ---------------- ---------------- ---------------- Balance at end of year ............................ ---------------- ---------------- ---------------- Retained Earnings Balance at beginning of year ...................... Net income (loss) ................................. Stock dividends - stock split 3 for 2.............. Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ---------------- ---------------- ---------------- Balance at end of year ............................ ---------------- ---------------- ---------------- Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ...................... Translation adjustment........................... ---------------- ---------------- ---------------- Balance at end of year ............................ ---------------- ---------------- ---------------- Unearned Employee Compensation Balance at beginning of year ...................... Adjustment........................................ ---------------- ---------------- ---------------- Balance at end of year ............................ ---------------- ---------------- ---------------- TOTAL COMMON STOCK EQUITY ........................... ================ ================ ================
* CONFIDENTIAL TREATMENT REQUESTED 156 F-5G (1 of 1) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Pipeline Company and Subsidiary Consolidating Statement of Common Stock Equity Year Ended December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
CDW CPL Combined ------------------ ------------------ ------------------ Common Stock Balance at beginning of year ...................... * * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ------------------ ------------------ ------------------ Balance at end of year ............................ ------------------ ------------------ ------------------ Additional Paid in Capital Balance at beginning of year ...................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Other ........................................... Recapitalization - Capital contributions ........................... ------------------ ------------------ ------------------ Balance at end of year ............................ ------------------ ------------------ ------------------ Retained Earnings Balance at beginning of year ...................... Net income (loss) ................................. Stock dividend - stock split 3 for 2............... Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ------------------ ------------------ ------------------ Balance at end of year ............................ ------------------ ------------------ ------------------ Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ...................... Translation adjustment............................ ------------------ ------------------ ------------------ Balance at end of year ............................ ------------------ ------------------ ------------------ Unearned Employee Compensation Balance at beginning of year ...................... Adjustment ....................................... ------------------ ------------------ ------------------ Balance at end of year ............................ ------------------ ------------------ ------------------ TOTAL COMMON STOCK EQUITY ........................... ================== ================== ==================
Consolidating CPL Entries Consolidated ------------------ ------------------ Common Stock Balance at beginning of year ...................... * * Common stock issued - Subsidiaries .................................... Stock split 3 for 2.............................. Long-term incentive plan ........................ Public offering ................................. ------------------ ------------------ Balance at end of year ............................ ------------------ ------------------ Additional Paid in Capital Balance at beginning of year ...................... Common stock issued - Subsidiaries .................................... Long-term incentive plan ........................ Public offering ................................. Other ........................................... Recapitalization - Capital contributions ........................... ------------------ ------------------ Balance at end of year ............................ ------------------ ------------------ Retained Earnings Balance at beginning of year ...................... Net income (loss) ................................. Stock dividend - stock split 3 for 2............... Cash dividends - CG .............................................. Subsidiaries (to CG) ............................ Other ............................................. ------------------ ------------------ Balance at end of year ............................ ------------------ ------------------ Reacquired Capital Stock ............................ Accumulated Foreign Currency Translation Adjustment Balance at beginning of year ...................... Translation adjustment............................ ------------------ ------------------ Balance at end of year ............................ ------------------ ------------------ Unearned Employee Compensation Balance at beginning of year ...................... Adjustment ....................................... ------------------ ------------------ Balance at end of year ............................ ------------------ ------------------ TOTAL COMMON STOCK EQUITY ........................... ================== ==================
* CONFIDENTIAL TREATMENT REQUESTED 157 F-6 (1 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 F-6 F-6 F-6 Consolidating Page 2 Page 3 Page 4 Page 5 Combined Entries Consolidated -------- -------- -------- -------- ---------- ------------- ------------ Net Cash From Operations (See F-6 Page 6 for detail) . * * * * * * 761,759 -------- -------- -------- -------- ---------- ------------- ------------ Investment Activities Capital expenditures ............................... (462,885) Contribution - partnerships ........................ - Purchase of investment assets ...................... (8,730) Other investments - net ............................ (3,809) -------- -------- -------- -------- ---------- ------------- ------------ Net Investment Activities ............................ (475,424) -------- -------- -------- -------- ---------- ------------- ------------ Financing Activities Dividends paid ..................................... (63,997) Capital contributions .............................. - Retirement of long-term debt ....................... (900) Issuance of common stock - Issued by Registrant ............................. 10,566 Issued by Subsidiary to Registrant ............... - Issuance of long-term debt - Issued by Registrant ............................. - Issued by Subsidiary to Registrant ............... - Issuance (Repayment) of short-term debt............. (182,391) Other financing activities.......................... (52,027) -------- -------- -------- -------- ---------- ------------- ------------ Net Financing Activities ............................. (288,749) -------- -------- -------- -------- ---------- ------------- ------------ Increase in cash and temporary cash investments ...... (2,414) Cash and temporary cash investments at beginning of year ................................... 28,740 -------- -------- -------- -------- ---------- ------------- ------------ Cash and temporary cash investments at end of year (a) ..................................... 26,326 -------- -------- -------- -------- ---------- ------------- ------------ Supplemental Disclosures of Cash Flow Information Cash paid for interest 147,016 Cash paid for income taxes (net of refunds) 38,278
(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 158 F-6 (2 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 Page 2 CER (b) TCO CGT CLG (b) CKY Total --------- --------- --------- --------- --------- ------------ Net Cash From Operations (See F-6 Page 7 for detail) . * 283,596 53,594 * 34,378 * --------- --------- --------- --------- --------- ------------ Investment Activities Capital expenditures ............................... (163,469) (45,469) (12,526) Contribution - partnerships ........................ - - - Purchase of investment assets ...................... - - - Other investments - net ............................ - - - --------- --------- --------- --------- --------- ------------ Net Investment Activities ............................ (163,469) (45,469) (12,526) --------- --------- --------- --------- --------- ------------ Financing Activities Dividends paid ..................................... (135,000) (10,500) (11,094) 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............. 22,529 2,708 (8,975) Other financing activities.......................... (36,814) (3,244) (1,641) --------- --------- --------- --------- --------- ------------ Net Financing Activities ............................. (149,285) (11,036) (21,710) --------- --------- --------- --------- --------- ------------ Increase in cash and temporary cash investments ...... (29,158) (2,911) 142 Cash and temporary cash investments at beginning of year ................................... 29,228 2,922 528 --------- --------- --------- --------- --------- ------------ Cash and temporary cash investments at end of year (a) ..................................... 70 11 670 --------- --------- --------- --------- --------- ------------ Supplemental Disclosures of Cash Flow Information Cash paid for interest 44,580 5,223 4,299 Cash paid for income taxes (net of refunds) 57,253 12,260 5,850
(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. (b) CER includes five subsidiaries and CLG includes one subsidiary as noted in Item 1. Consolidating financial statements of CER and CLG are presented herewith in Item 10, Exhibits F-1F through F-6F and F-1C through F-6C, respectively. * CONFIDENTIAL TREATMENT REQUESTED 159 F-6 (3 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 Page 3 COH CMD CPA CGV CG Total --------- --------- --------- --------- ------- ------------ Net Cash From Operations (See F-6 Page 8 for detail) . 170,686 7,489 71,379 44,128 * * --------- --------- --------- --------- ------- ------------ Investment Activities Capital expenditures ............................... (63,005) (4,105) (29,032) (46,852) Contribution - partnerships ........................ - - - - Purchase of investment assets ...................... - - - - Other investments - net ............................ - - - - --------- --------- --------- --------- ------- ------------ Net Investment Activities ............................ (63,005) (4,105) (29,032) (46,852) --------- --------- --------- --------- ------- ------------ Financing Activities Dividends paid ..................................... (45,788) (2,492) (18,728) - Capital contributions .............................. - - - - Retirement of long-term debt ....................... - - - (900) Issuance of common stock - Issued by Registrant ............................. - - - - Issued by Subsidiary to Registrant ............... - - - - Issuance of long-term debt - Issued by Registrant ............................. - - - 10,000 Issued by Subsidiary to Registrant ............... - - - - Issuance (Repayment) of short-term debt............. (59,682) (500) (21,455) (39,000) Other financing activities.......................... (2,630) (290) (1,922) 729 --------- --------- --------- --------- ------- ------------ Net Financing Activities ............................. (108,100) (3,282) (42,105) (29,171) --------- --------- --------- --------- ------- ------------ Increase in cash and temporary cash investments ...... (419) 102 242 (31,895) Cash and temporary cash investments at beginning of year ................................... 3,685 1 778 32,923 --------- --------- --------- --------- ------- ------------ Cash and temporary cash investments at end of year (a) ..................................... 3,266 103 1,020 1,028 --------- --------- --------- --------- ------- ------------ Supplemental Disclosures of Cash Flow Information Cash paid for interest 30,290 1,377 13,666 8,887 Cash paid for income taxes (net of refunds) (5,540) 639 7,813 6,394
(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 160 F-6 (4 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 Page 4 CS CIC CES (b) CPC CEC (b) Total -------- ------- ----------- ------- ----------- ------------ Net Cash From Operations (See F-6 Page 9 for detail) . 128 * * * * * -------- ------- ----------- ------- ----------- ------------ Investment Activities Capital expenditures ............................... (10,136) Contribution - partnerships ........................ - Purchase of investment assets ...................... - Other investments - net ............................ - -------- ------- ----------- ------- ----------- ------------ Net Investment Activities ............................ (10,136) -------- ------- ----------- ------- ----------- ------------ Financing Activities Dividends paid ..................................... (2,236) 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............. 10,758 Other financing activities.......................... 1,890 -------- ------- ----------- ------- ----------- ------------ Net Financing Activities ............................. 10,412 -------- ------- ----------- ------- ----------- ------------ Increase in cash and temporary cash investments ...... 404 Cash and temporary cash investments at beginning of year ................................... 29 -------- ------- ----------- ------- ----------- ------------ Cash and temporary cash investments at end of year (a) ..................................... 433 -------- ------- ----------- ------- ----------- ------------ Supplemental Disclosures of Cash Flow Information Cash paid for interest 2,325 Cash paid for income taxes (net of refunds) (199)
(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. (b) CES includes four subsidiaries and CEC includes eleven subsidiaries as noted in Item 1. Consolidating financial statements of CES and CEC are presented herewith in Item 10, Exhibits F-1D through F-6D and F-1A through F-6A, respectively. * CONFIDENTIAL TREATMENT REQUESTED 161 F-6 (5 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 Page 5 CCC (b) CAT CNS (b) CPL (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 liquid debt instruments to be cash equivalents. Balance includes intercompany money pool balances, which are reported as intercompany accounts receivable on the balance sheet. (b) CCC and CNS include two subsidiaries and CPL includes one subsidiary as noted in Item 1. Consolidating financial statements of CCC, CNS and CPL are presented herewith in Item 10, Exhibits F-1B through F-6B, F-1E through F-6E and F-1G through F-6G, respectively. * CONFIDENTIAL TREATMENT REQUESTED 162 F-6 (6 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 F-6 F-6 F-6 Consolidating Page 7 Page 8 Page 9 Page 10 Combined Entries Consolidated -------- -------- -------- --------- -------- ------------- ------------ Net Income Reconciliation Net income (loss) .................................. * * * * * * 269,244 Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries . - Depreciation and depletion ....................... 235,226 Deferred income taxes ............................ 31,544 Earnings rom equity inv., net of distributions.... (8,467) Other - net....................................... 121,405 Changes in Components of working capital: Accounts receivable .............................. (139,548) Gas inventory .................................... 40,786 Prepayments ...................................... (8,242) Accounts payable ................................. 230,766 Accrued taxes .................................... 46,710 Accrued interest ................................. (12,077) Estimated rate refunds ........................... (9,267) Estimated supplier obligations ................... (1,483) Under/Overrecovered gas costs .................... (33,315) Exchange gas receivable/payable................... 47,275 Other working capital ............................ (48,798) -------- -------- -------- --------- -------- ------------- ------------ Net Cash From Operations ............................. 761,759 ======== ======== ======== ========= ======== ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 163 F-6 (7 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 Page 7 CER (a) TCO CGT CLG (a) CKY Total ----------- --------- --------- ---------- --------- ---------- Net Income Reconciliation Net income ............................................ * 156,336 29,098 * 13,497 * Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries .... - - - Depreciation and depletion .......................... 82,325 19,507 7,463 Deferred income taxes ............................... 5,661 2,545 (1,463) Earnings rom equity inv., net of distributions....... (7,788) 2,026 - Other - net.......................................... 2,193 2,202 (358) Changes in Components of working capital: Accounts receivable ................................. 26,181 (1,555) 1,807 Gas inventory ....................................... - - 1,527 Prepayments ......................................... (280) (171) (273) Accounts payable .................................... 35,432 2,108 (1,589) Accrued taxes ....................................... 16,449 1,057 199 Accrued interest .................................... (1,917) 37 237 Estimated rate refunds .............................. (640) (6,166) (1,024) Estimated supplier obligations ...................... (1,483) - - Under/Overrecovered gas costs ....................... - - 3,118 Exchange gas receivable/payable...................... (13,765) 3,340 11,112 Other working capital ............................... (15,108) (434) 125 ----------- --------- --------- ---------- --------- ---------- Net Cash From Operations ................................ 283,596 53,594 34,378 =========== ========= ========= ========== ========= ==========
(a) CER includes five subsidiaries and CLG includes one subsidiary as noted in Item 1. Consolidating financial statements of CER and CLG are presented herewith in Item 10, Exhibits F-1F through F-6F and F-1C through F-6C, respectively. * CONFIDENTIAL TREATMENT REQUESTED 164 F-6 (8 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 Page 8 COH CMD CPA CGV CG Total --------- --------- --------- --------- -------- ---------- Net Income Reconciliation Net income ............................................ 58,945 3,387 21,412 12,729 * * Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries .... - - - - Depreciation and depletion .......................... 46,942 2,191 15,011 10,551 Deferred income taxes ............................... 28,642 324 (474) (1,336) Earnings rom equity inv., net of distributions....... - - - - Other - net.......................................... 8,517 (418) 467 1,794 Changes in Components of working capital: Accounts receivable ................................. 46,767 (463) 16,756 7,920 Gas inventory ....................................... 45,736 (589) (4,346) (1,542) Prepayments ......................................... (472) 152 (401) (37) Accounts payable .................................... (37,765) 1,748 2,102 (1,695) Accrued taxes ....................................... 5,797 597 962 604 Accrued interest .................................... (111) 1 (18) (57) Estimated rate refunds .............................. (505) (323) (3,992) 3,383 Estimated supplier obligations ...................... - - - - Under/Overrecovered gas costs ....................... (57,320) (599) 10,477 11,009 Exchange gas receivable/payable...................... 37,279 1,833 15,008 2,569 Other working capital ............................... (11,766) (352) (1,585) (1,764) --------- --------- --------- --------- -------- ---------- Net Cash From Operations ................................ 170,686 7,489 71,379 44,128 ========= ========= ========= ========= ======== ==========
* CONFIDENTIAL TREATMENT REQUESTED 165 F-6 (9 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 Page 9 CS CIC CES (a) CPC CEC (a) Total -------- ------- ---------- --------- ----------- ------------ Net Income Reconciliation Net income (loss) .................................. 2,237 * * * * * Items not requiring (providing) cash: Equity in undistributed earnings of subsidiaries . - Depreciation and depletion ....................... 4,958 Deferred income taxes ............................ (1,670) Earnings rom equity inv., net of distributions.... - Other - net....................................... (2,281) Changes in Components of working capital: Accounts receivable .............................. (1,880) Gas inventory .................................... - Prepayments ...................................... (199) Accounts payable ................................. (4,810) Accrued taxes .................................... 2,364 Accrued interest ................................. - Estimated rate refunds ........................... - Estimated supplier obligations ................... - Under/Overrecovered gas costs .................... - Exchange gas receivable/payable................... - Other working capital ............................ 1,409 -------- ------- ---------- --------- ----------- ------------ Net Cash From Operations ............................. 128 ======== ======= ========== ========= =========== ============
(a) CES includes four subsidiaries and CEC includes eleven subsidiaries as noted in Item 1. Consolidating financial statements of CES and CEC are presented herewith in Item 10, Exhibits F-1D through F-6D and F-1A through F-6A, respectively. * CONFIDENTIAL TREATMENT REQUESTED 166 F-6 (10 of 10) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6 Page 10 CCC (a) CAT CNS (a) CPL (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 rom 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 receivable/payable...................... Other working capital ............................... ----------- --------- ----------- ----------- ------------- Net Cash From Operations ................................ =========== ========= =========== =========== =============
(a) CCC and CNS include two subsidiaries and CPL includes one subsidiary as noted in Item 1. Consolidating financial statements of CCC, CNS and CPL are presented herewith in Item 10, Exhibits F-1B through F-6B, F-1E through F-6E and F-1G through F-6G, respectively. * CONFIDENTIAL TREATMENT REQUESTED 167 F-6A (1 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6A F-6A Consolidating CEC 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 168 F-6A (2 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6A Page 2 CBG CBL CGG CGP CLP CEC 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 169 F-6A (3 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6A Page 3 CVG CVL CRL CEH CEL CGR 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 170 F-6A (4 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6A F-6A Consolidating CEC 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 receivable/payable................... Other working capital ............................ -------- -------- ---------------- ------------- ----------------- Net Cash From Operations ............................. ======== ======== ================ ============= =================
* CONFIDENTIAL TREATMENT REQUESTED 171 F-6A (5 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6A Page 5 CBG CBL CGG CGP CLP CEC 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 receivable/payable...................... Other working capital ............................... --------- --------- --------- --------- --------- --------- ----------- Net Cash From Operations ................................ ========= ========= ========= ========= ========= ========= ===========
* CONFIDENTIAL TREATMENT REQUESTED 172 F-6A (6 of 6) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Electric Corporation and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
F-6A Page 6 CVG CVL CRL CEH CEL CGR 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 receivable/payable................... Other working capital ............................ --------- --------- --------- --------- --------- --------- ----------- Net Cash From Operations ............................. ========= ========= ========= ========= ========= ========= ===========
* CONFIDENTIAL TREATMENT REQUESTED 173 F-6B (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Group Capital Corporation and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating CCC TGT CTC CCC 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 174 F-6B (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Group Capital Corporation and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating CCC TGT CTC CCC 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 receivable/payable............... Other working capital ........................ --------- --------- --------- -------- ------------- ------------ Net Cash From Operations ......................... ========= ========= ========= ======== ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 175 F-6C (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating 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 176 F-6C (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia LNG Corporation and Subsidiary Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating 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 receivable/payable....................... Other working capital ................................ --------- ---------- -------- ------------- ------------ Net Cash From Operations ................................. ========= ========== ======== ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 177 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, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating CES CEM CPM CSP ECC 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 178 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, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating CES CEM CPM CSP ECC CES 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 receivable/payable........ Other working capital ................. ------- ------- ------- ------- ------- -------- ------------- ------------ Net Cash From Operations .................. ======= ======= ======= ======= ======= ======== ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 179 F-6E (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating CNS CMC EN CNS Combined 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 inter-company money pool balances, which are reported as intercompany accounts receivable on the balance sheet. * CONFIDENTIAL TREATMENT REQUESTED 180 F-6E (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Network Services Corporation and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating CNS CMC EN 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 receivable/payable............... Other working capital ........................ --------- --------- --------- -------- ------------- ------------ Net Cash From Operations ......................... ========= ========= ========= ======== ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 181 F-6F (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Resources, Inc. and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating CER CNR HH CU AD AL CER 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 182 F-6F (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Energy Resources, Inc. and Subsidiaries Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating CER CNR HH CU AD AL CER 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 receivable/ payable....................... Other working capital ......... ------- ------- ------- ------- ------- ------- -------- ------------- ------------ Net Cash From Operations .......... ======= ======= ======= ======= ======= ======= ======== ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 183 F-6G (1 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Pipeline Company and Subsidiary Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating CPL CDW CPL 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 184 F-6G (2 of 2) COLUMBIA ENERGY GROUP AND SUBSIDIARIES Columbia Pipeline Company and Subsidiary Consolidating Statement of Cash Flows Year Ended December 31, 1998 (Not Covered by Report of Independent Public Accountants) ($ Thousands)
Consolidating CPL CDW CPL 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 receivable/payable......................... Other working capital .................................. --------- --------- -------- ------------- ------------ Net Cash From Operations ................................... ========= ========= ======== ============= ============
* CONFIDENTIAL TREATMENT REQUESTED 185 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, 1999
76 186 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 1998 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 77 187 EXHIBIT A The financial statements listed below included in Columbia Energy Group's 1998 Form 10-K filed with the Commission on March 26, 1999 (File No. 1-1098) are incorporated herein by reference. The report of Arthur Andersen LLP, independent public accountants, dated February 11, 1999 regarding such financial statements is included on Exhibit F filed herewith. The Corporation's 1998 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, 1998......................... 43 Consolidated Balance Sheet as of December 31, 1998 ............................................ 44-45 Consolidated Statement of Cash Flows for the year ended December 31, 1998...................... 46 Statement of Consolidated Common Stock Equity for the year ended December 31, 1998............. 47 Notes to Consolidated Financial Statements .................................................... 48-69
188 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) 1-B (2) Atlantic Energy, Inc....................................................... (3) (4) Columbia Atlantic Trading Corporation ..................................... (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............................ (13) (14) Energy.com Corporation ................................................ 1-A (15) 2-B (16) Columbia Service Partners, Inc. ....................................... (17) (18) Columbia Assurance Agency, Inc. .................................... 2-A (19) 3-B (20) Columbia Gas Development Corporation....................................... (21) (22) Columbia Gas of Kentucky, Inc. ............................................ (23) (24) Columbia Gas of Maryland, Inc. ............................................ (25) (26) Columbia Gas of Ohio, Inc. ................................................ (27) (28) Columbia Gas of Pennsylvania, Inc. ........................................ (29) (30) Columbia Energy Group Service Corporation ................................. 3-A (31) (32) Columbia Gas Transmission Corporation...................................... (33) (34) Columbia Transmission Investment Corporation .......................... (35) (36) Columbia Gulf Transmission Company ........................................ (37) (38) Columbia Pipeline Corporation ............................................. 4-A (39) 4-B (40) Columbia Deep Water Services Company.................................. 5-A (41) 5-B (42) Columbia Insurance Corporation, Ltd........................................ (43) (44) Columbia LNG Corporation .................................................. (45) (46) CLNG Corporation....................................................... (47) (48) Columbia Energy Resources, Inc............................................ 6-A (49) 6-B (50) Columbia Natural Resources, Inc........................................ (51) (52) Alamco, Inc............................................................ (53) (54) Alamco-Delaware, Inc................................................... (55) (56) Hawg Hauling & Disposal, Inc........................................... (57) (58) Columbia Natural Resources Canada, Ltd................................. 7-A, 8-A (59) 7-B (60) Columbia Networks Services Corporation..................................... (61) (62) CNS Microwave, Inc..................................................... (63) (64) Energy Net L.L.C....................................................... (65) (66) Columbia Propane Corporation............................................... (67) (68) Columbia Gas of Virginia, Inc.............................................. (69) (70) Commonwealth Propane, Inc. ................................................ (71) (72) Inland Gas Company, Inc., The ............................................. (73) (74) Columbia Energy Group Capital Corporation ................................. 9-A (75) (76) TriStar Gas Technologies, Inc. ........................................ (77) (78) Columbia Transmission Communications Corporation. ..................... 10-A, 11-A (79) 8-B (80) TriStar System Inc. ....................................................... 12-A (81) (82) Columbia Electric Corporation.............................................. (83) (84) Columbia Electric Pedrick General Corporation.......................... 13-A (85) (86) Columbia Electric Pedrick Limited Corporation ......................... 14-A (87) (88)
189 TriStar Fuel Cells Corporation ........................................ 15-A (89) (90) Columbia Electric Binghamton General Corporation ...................... 16-A (91) (92) Columbia Electric Binghamton Limited Corporation ...................... 17-A (93) (94) TriStar Georgetown General Corporation ................................ 18-A (95) (96) TriStar Georgetown Limited Corporation ................................ 19-A (97) (98) Columbia Electric Vineland General Corporation......................... 20-A (99) (100) Columbia Electric Vineland Limited Corporation......................... 21-A (101) (102) Columbia Electric Rumford Limited Corporation.......................... 22-A (103) (104) Columbia Electric Limited Holdings Corporation ........................ 23-A (105) (106) Columbia Electric Liberty Corporation.................................. 24-A (107) (108)
190 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); amendment dated January 16, 1998, filed as Exhibit 1-B to Form U5S (1998). (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). (15) Certificate of Incorporation of Energy.com Corporation dated December 15, 1997, filed as Exhibit 1-A to Form U5S (1998). 191 (16) By-Laws of Energy.com Corporation dated January 5, 1998, filed as Exhibit 2-B to Form U5S (1998). (17) Certificate of Incorporation of Columbia Service Partners, Inc. dated March 21, 1996 file herewith as Exhibit 1-A to Form U5S (1996). (18) By laws of Columbia Service Partners, Inc. as adopted April 17, 1996 file herewith as Exhibit 2-B to Form U5S (1996). (19) Article of Incorporation of Columbia Assurance Agency, Inc., dated June 23, 1997, filed as Exhibit 2-A to Form U5S (1998). (20) Code of Regulations of Columbia Assurance Agency, Inc., dated July 30, 1997, filed as Exhibit 3-B to Form U5S (1998). (21) 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). (22) 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). (23) 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). (24) 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). (25) 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). 192 (26) 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, filed herewith as Exhibit 3-B and amendment dated November 1, 1997, filed herewith as Exhibit 4-B to Form U5S (1997). (27) 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). (28) 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). (29) 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). (30) 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). (31) 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 as Exhibit 5-A to Form U5S (1997); amendment dated January 16, 1998, filed herewith as Exhibit 3-A to Form U5S (1998). (32) 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). (33) 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, filed herewith as Exhibit 6-A and amendment dated June 30, 1997, filed herewith as Exhibit 7-A to Form U5S (1997). (34) 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). 193 (35) Certificate of Incorporation as adopted March 18, 1992, filed as Exhibit 4-A to Form U5S (1991). (36) By-Laws as of March 18, 1992, filed as Exhibit 4-B to Form U5S (1991). (37) 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, 1997, filed herewith as Exhibit 8-A to Form U5S (1997). (38) 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). (39) Certificate of Incorporation of Columbia Pipeline Corporation dated October 13, 1998, filed as Exhibit 4-A to Form U5S (1998). (40) By-Laws of Columbia Pipeline Corporation dated November 1, 1998, filed as Exhibit 4-B to Form U5S (1998). (41) Certificate of Incorporation of Columbia Deep Water Services Company dated January 7, 1998, filed as Exhibit 5-A to Form U5S (1998). (42) By-Laws of Columbia Deep Water Services Company dated January 8, 1998, filed as Exhibit 5-B to Form U5S (1998). (43) Certificate of Incorporation of Columbia Insurance Corporation, Ltd. dated November 1, 1996, filed herewith as Exhibit 2-A to Form U5S (1996). (44) By-laws of Columbia Insurance Corporation, Ltd. as adopted November 4, 1996, file herewith as Exhibit 5-B to Form U5S (1996). (45) 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, filed herewith as Exhibit 9-A to Form U5S (1997). (46) 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). (47) Certificate of Incorporation of CLNG Corporation as adopted January 21, 1994, filed as Exhibit 4-A to Form U5S (1994). (48) By-Laws of CLNG Corporation as amended through December 21, 1994 filed as Exhibit -B to Form U5S (1994). 194 (49) Certificate of Amendment of Certificate of Incorporation of Columbia Natural Resources, Inc. (changing name to Columbia Energy Resources, Inc.) dated September 28, 1998, filed as Exhibit 6-A to Form U5S (1998). (50) By-Laws of Columbia Energy Resources, Inc. dated September 30, 1998, filed as Exhibit 6-B to Form U5S (1998). (51) Certificate of Incorporation of Columbia Natural Resources, Inc. adopted on November 21, 1984, filed as Exhibit 4-A to Form U5S (1984). (52) By-Laws as of November 26, 1984, filed as Exhibit 2-B to Form U5S (1984). (53) Amended and Restated Certificate of Incorporation of Alamco, Inc. dated August 7, 1997, filed herewith as exhibit 10-A to Form U5S (1997); Alamco, Inc. merged with and into Columbia Natural Resources, Inc., on October 1, 1998. (54) Amended and Restated Bylaws of Alamco, Inc. as adopted August 7, 1997, filed herewith as Exhibit 8-B to Form U5S (1997). (55) Certificate of Incorporation of Alamco-Delaware, dated July 21, 1994, filed herewith as Exhibit 11-A to Form U5S (1997). (56) By-Laws of Alamco-Delaware filed as Exhibit 9-B to Form U5S (1997). (57) Certificate of Incorporation of Hawg Hauling & Disposal, Inc. dated March 17, 1993, filed herewith as Exhibit 12-A to Form U5S (1997. (58) By-Laws of Hawg Hauling & Disposal, Inc. dated March 17, 1993, filed herewith as Exhibit 10-B to Form U5S (1997. (59) Article of Incorporation of 758117 Alberta Ltd. dated October 6, 1997, filed as Exhibit 7-A and amendment changing name to Columbia Natural Resources Canada, Ltd., dated December 12, 1997, filed as Exhibit 8-A to Form U5S (1998). (60) By-laws of 758117 Alberta Ltd., dated December 12, 1997, filed as Exhibit 7-B to Form U5S (1998). (61) Certificate of Incorporation of Columbia Network Services Corporation dated June 7, 1996, filed herewith as Exhibit 3-A Form U5S (1996). (62) By-Laws of Columbia Network Services Corporation as adopted August 29, 1996, filed herewith as Exhibit 8-B to Form U5S (1996). (63) Certificate of Incorporation of CNS Microwave Inc., dated October 15, 1996, filed herewith as Exhibit 4-A to Form U5S (1996). (64) By-Laws of CNS Microwave, Inc. as adopted October 25, 1996, filed herewith as Exhibit 9-B to Form U5S (1996). (65) Certificate Formation of EnergyNet, L.L.C., dated June 13, 1997, filed herewith as Exhibit 13-A to Form U5S (1997). 195 (66) By-Laws of EnergyNet, L.L.C., dated June 13, 1997, filed herewith as Exhibit 11-B to Form U5S (1997). (67) 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). (68) 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). (69) 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, filed herewith as Exhibit 16-A to Form U5S (1997). (70) 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). (71) 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 (1988). (72) By-Laws of Commonwealth Propane, Inc. as amended through July 16, 1990, filed as Exhibit 2-B to Form U5S (1990). (73) Articles of Incorporation as adopted June 3, 1960, filed as Exhibit 3-A to Form U5S (1965). (74) By-Laws of Inland Gas Company, Inc. as amended through May 8, 1990, filed as Exhibit 3-B to Form U5S (1990). (75) 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); amendment changing name to Columbia Energy Group Capital Corporation dated June 2, 1998, filed herewith as Exhibit 9-A to Form U5S (1998). 196 (76) By-Laws of TriStar Capital Corporation dated August 2, 1990, filed as Exhibit 4-B to Form U5S (1990). (77) Certificate of Incorporation of TriStar Gas Technologies, Inc. dated August 2, 1990, filed as Exhibit 3-A to Form U5S (1990). (78) By-Laws of TriStar Gas Technologies, Inc. dated August 2, 1990, filed as Exhibit 5-B to Form U5S (1990). (79) Certificate of Incorporation of Columbia Energy Telecommunications Company dated April 17, 1998 filed as Exhibit 10-A and amendment changing name to Columbia Transmission Communications Corporation, dated September 24, 1997 filed as Exhibit 11-A to Form U5S (1998). (80) By-Laws of Columbia Energy Telecommunications Company dated May 11, 1998, filed as Exhibit 8-B to Form U5S (1998). (81) Certificate of Incorporation of TriStar Trading Inc. (later changed its name to TriStar System, Inc.,) dated April 27, 1990, filed as Exhibit 4-A to Form U5S (1990); Certificate of Dissolution of TriStar System, Inc., dated August 4, 1998, filed as Exhibit 12-A to Form U5S (1998). (82) By-Laws of TriStar Trading Inc. dated April 27, 1990, filed as Exhibit 6-B to Form U5S (1990). (83) 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, filed herewith as Exhibit 18-A and amendment changing name to Columbia Electric Corporation dated January 16, 1998, filed herewith as Exhibit 19-A to Form U5S (1997). (84) 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). (85) 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); amendment changing name to Columbia Electric Pedrick General Corporation dated August 4, 1998, filed as Exhibit 13-A to Form U5S (1998). (86) 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). (87) 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); amendment changing name to Columbia Electric Pedrick Limited Corporation, dated August 4, 1998, filed as Exhibit 14-A to Form U5S (1998). (88) 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). 197 (89) 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); Certificate of Dissolution dated August 4, 1998 filed as Exhibit 15-A to Form U5S (1998). (90) 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). (91) 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); amendment changing name to Columbia Electric Binghamton General Corporation, dated August 4, 1998, filed as Exhibit 16-A to Form U5S (1998). (92) 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). (93) 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); amendment changing name to Columbia Electric Binghamton Limited Corporation, dated August 4, 1998, filed as Exhibit 17-A to Form U5S (1998). (94) 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). (95) 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); Certificate of Dissolution dated August 4, 1998, filed as Exhibit 18-A to Form U5S (1998). (96) 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). (97) 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); Certificate of Dissolution dated August 4, 1998, filed as Exhibit 19-A to Form U5S (1998). (98) 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). (99) 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); amendment changing name to Columbia Electric Vineland General Corporation, dated August 4, 1998, filed as Exhibit 20-A to Form U5S (1998). (100) 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). 198 (101) 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); amendment changing name to Columbia Electric Vineland Limited Corporation, dated August 4, 1998, filed as Exhibit 21-A to Form U5S (1998). (102) 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). (103) 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); amendment changing name to Columbia Electric Rumford Limited Corporation, dated August 4, 1998, filed as Exhibit 22-A to Form U5S (1998). (104) 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). (105) Certificate of Incorporation of TVC Nine Corporation dated December 28, 1989, filed as Exhibit 14-A to Form U5S (1989); amendment changing name to Columbia Electric Limited Holdings Corporation, dated August 4, 1998, filed as Exhibit 23-A to Form U5S (1998). (106) By-Laws of TVC Nine Corporation dated December 28, 1989, filed as Exhibit 24-B to Form U5S (1989). (107) Certificate of Incorporation of TVC Ten Corporation dated December 28, 1989, filed as Exhibit 15-A to Form U5S (1989); amendment changing name to Columbia Electric Liberty Corporation, date August 4, 1998, filed as Exhibit 24-A to Form U5S (1998). (108) By-Laws of TVC Ten Corporation dated December 28, 1989, filed as Exhibit 25-B to Form U5S (1989). 199 EXHIBIT C (a) *Reference is made to Columbia Energy Group's 1998 Form 10- K, pages 74 through 76, filed with the Commission on March 26, 1999 (File No. 1-1098), for the indentures and other fundamental documents defining the rights of security holders. *Incorporated herein by reference. 200 EXHIBIT D A copy of the System Tax Allocation Agreement (Agreement) is filed herewith as Exhibit D to Form U5S (1998). 201 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. 202 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, 1998 and 1997, and the related statements of consolidated income, cash flows and common stock equity for each of the three years in the period ended December 31, 1998. 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 audits. We conducted our audits 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 audits provide 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, 1998 and 1997, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 1998, in conformity with generally accepted accounting principles. Our audits were made for the purpose 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 February 11, 1999 203 EXHIBIT G Financial Data Tables are filed herewith as Exhibit 27. 204 EXHIBIT H Not Applicable 205 EXHIBIT I Not Applicable 206 COLUMBIA ENERGY GROUP FORM U5S ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31, 1998 EXHIBITS 207 COLUMBIA ENERGY GROUP FORM U5S ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31, 1998 EXHIBITS Exhibit 1-A: Certificate of Incorporation of Energy.com Corporation dated December 15, 1997. Exhibit 2-A: Article of Incorporation of Columbia Assurance Agency, Inc. dated June 23, 1997. Exhibit 3-A: Certificate of Amendment of Restated Certificate of Incorporation of Columbia Gas System Service Corporation dated January 16, 1998. Exhibit 4-A: Certificate of Incorporation of Columbia Pipeline Corporation dated October 13, 1998. Exhibit 5-A: Certificate of Incorporation of Columbia Deep Water Services Company dated January 7, 1998. Exhibit 6-A: Certificate of Amendment of Certificate of Incorporation of Columbia Natural Resources, Inc. dated September 28, 1998. Exhibit 7-A: Articles of Incorporation of 758117 Alberta Ltd. dated October 6, 1997. Exhibit 8-A: Articles of Amendment of 758117 Alberta Ltd. to Change Its Name to Columbia Natural Resources Canada, Ltd. dated December 12, 1997. Exhibit 9-A: Certificate of Amendment of Certificate of Incorporation of TriStar Capital Corporation dated June 2, 1998 Exhibit 10-A: Certificate of Incorporation of Columbia Energy Telecommunications Company dated April 17, 1998. Exhibit 11-A: Certificate of Amendment of Certificate of Incorporate of Columbia Energy Telecommunications Company. Exhibit 12-A: Certificate of Dissolution of TriStar System, Inc. dated August 4, 1998. Exhibit 13-A: Certificate of Amendment of Certificate of Incorporation of TriStar Pedrick General Corporation dated August 4, 1998. Exhibit 14-A: Certificate of Amendment of Certificate of Incorporation of TriStar Pedrick Limited Corporation dated August 4, 1998. 208 Exhibit 15-A: Certificate of Dissolution of TriStar Fuel Cells Corporation dated August 4, 1998. Exhibit 16-A: Certificate of Amendment of Certificate of Incorporation of TriStar Binghamton General Corporation dated August 4, 1998. Exhibit 17-A: Certificate of Amendment of Certificate of Incorporation of TriStar Binghamton Limited Corporation dated August 4, 1998. Exhibit 18-A: Certificate of Dissolution of TriStar Georgetown General Corporation dated August 4, 1998. Exhibit 19-A: Certificate of Dissolution of TriStar Georgetown Limited Corporation dated August 4, 1998. Exhibit 20-A: Certificate of Amendment of Certificate of Incorporation of Tristar Vineland General Corporation dated August 4, 1998. Exhibit 21-A: Certificate of Amendment of Certificate of Incorporation of Tristar Vineland Limited Corporation dated August 4, 1998. Exhibit 22-A: Certificate of Amendment of Certificate of Incorporation of TriStar Rumford Limited Corporation dated August 4, 1998. Exhibit 23-A: Certificate of Amendment of Certificate of Incorporation of TVC Nine Corporation dated August 4, 1998. Exhibit 24-A: Certificate of Amendment of Certificate of Incorporation of TVC Ten Corporation dated August 4, 1998. Exhibit 1-B: Amended and Restated of the By-Laws of Columbia Energy Group dated January 16, 1998. Exhibit 2-B: By-Laws of Energy.com Corporation dated January 5, 1998. Exhibit 3-B: Code of Regulations of Columbia Assurance Agency, Inc. dated July 30, 1997. Exhibit 4-B: By-Laws of Columbia Pipeline Corporation dated November 1, 1998. Exhibit 5-B: By-Laws of Columbia Deep Water Services Company dated January 8, 1998. Exhibit 6-B: By-Laws of Columbia Energy Resources, Inc., dated September 30, 1998. Exhibit 7-B: By-Laws of 758117 Alberta Ltd. dated December 12, 1997. 209 Exhibit 8-B: By-Laws of Columbia Energy Telecommunications Company dated May 11, 1998. Exhibit D: Tax Allocation dated 1998. Exhibit 27: Financial Data Tables EX-1.(A) 2 CERTIFICATE OF INCORPORATION OF ENERGY.COM 1 Exhibit 1-A Page 1 of 3 CERTIFICATE OF INCORPORATION OF ENERGY.COM CORPORATION ARTICLE I The name of this corporation is Energy.com Corporation (the "Corporation"). ARTICLE II The address of the registered office of the Corporation in the State of Delaware is 1209 Orange Street, Wilmington, County of New Castle, Delaware 19801, and the name of the Corporation's registered agent at such address is The Corporation Trust Company. ARTICLE III The purpose of the Corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of the State of Delaware (as the same exists or may hereafter be amended, the "General Corporation Law"). ARTICLE IV The total number of shares of stock which the Corporation shall have authority to issue is three thousand (3,000). All such shares are to be common stock, par value of one dollar ($1.00) per share, and are to be of one class. ARTICLE V The name and mailing address of the incorporator are: Andrew P. McDowell 12355 Sunrise Valley Drive Suite 300 Reston, VA 20191-3420 ARTICLE VI The incorporator, until the directors are elected, shall manage the affairs of the Corporation and may do whatever is necessary and proper to perfect the organization of the Corporation, including the adoption of the original bylaws of the Corporation and the election of directors. 2 Exhibit 1-A Page 2 of 3 ARTICLE VII A director of the Corporation shall not be personally liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except to the extent such exemption from liability or limitation thereof is not permitted under the General Corporation Law. Any repeal or modification of the foregoing sentence shall not adversely affect any right or protection of a director of the Corporation existing hereunder with respect to any act or omission occurring prior to such repeal or modification. ARTICLE VIII In furtherance and not in limitation of the powers conferred by the General Corporation Law, the Board of Directors is expressly authorized and empowered to adopt, amend and repeal the bylaws of the Corporation, subject to the power of the stockholders of the Corporation to amend or repeal any bylaw made by the Board of Directors. ARTICLE IX Unless and except to the extent that the bylaws of the Corporation shall so require, the election of the directors of the Corporation need not be by written ballot. ARTICLE X Meetings of stockholders may be held within or without the State of Delaware, as the bylaws 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 bylaws of the Corporation. ARTICLE XI The Corporation reserves the right at any time, and from time to time, to amend, alter, change or repeal any provision contained in this Certificate of Incorporation, and other provisions authorized by the General Corporation Law, or any other laws of the State of Delaware, at the time in force may be added or inserted, in the manner now or hereafter prescribed by law; and all rights, preferences and privileges of whatsoever nature conferred upon stockholders, directors or any other persons whomsoever by and pursuant to this Certificate of Incorporation in its present form or as hereafter amended are granted subject to the rights reserved in this Article XI. 3 Exhibit 1-A Page 3 of 3 THE UNDERSIGNED, being the incorporator hereinabove named, makes and files this Certificate of Incorporation, and does hereby declare and certify that said instrument is the incorporator's act and deed and that the facts stated herein are true, and accordingly has executed this Certificate of Incorporation this 15th day of December, 1997. By:______________________________ Andrew P. McDowell EX-2.(A) 3 ARTICLE OF INCORPORATION OF COLUMBIA ASSURANCE 1 Exhibit 2-A Page 1 of 4 ARTICLES OF INCORPORATION OF COLUMBIA ASSURANCE AGENCY, INC. The undersigned, for purposes of forming a corporation for profit in accordance with Chapter 1701 of the Ohio Revised Code, does hereby state the following: ARTICLE 1. NAME. The name of the Corporation shall be Columbia Assurance Agency, Inc. ARTICLE 2. PRINCIPAL OFFICE. The place in Ohio where the principal office of the Corporation is to be located shall be the City of Columbus, (Franklin County). ARTICLE 3. PURPOSE. The purposes for which the Corporation is formed shall be: (A) To solicit and sell fixed and variable annuities and life insurance, including, accident and health, and property and casualty insurance, and to generally conduct the business of an insurance agency, and to do any and all acts or things necessary, proper or convenient to the accomplishment of the foregoing both within and without the State of Ohio to the extent as a natural person might or could do, and to do all other things incidental to the operation of an insurance agency which are not forbidden by statute or by these articles of incorporation. (B) To engage in any lawful act or activity for which corporations may be formed under Sections 1701.01 to 1701.98, inclusive, Ohio Revised Code. ARTICLE 4. CAPITAL STOCK. The number of shares of all classes of capital stock which the Corporation is authorized to have outstanding is 850 shares, consisting of one share of Class A common stock, without par value (the "Class A common stock"), and 849 shares of Class B common stock, without par value, (the "Class B common stock"). The express terms of the Class A common stock and the Class B 2 Exhibit 2-A Page 2 of 4 common stock shall be exactly the same, except that: A. Voting. Except as otherwise expressly required by the Ohio General Corporation Law, the holder of the outstanding share of Class A common stock, to the exclusion of the holders of Class B common stock, shall be entitled to one vote per share on all matters for which the shareholders of the Corporation are required or entitled to vote, and the Class B common stock shall entitle the holders thereof to no vote on any matter for any purpose. B. Liquidation Rights. In the event of any liquidation, winding up or dissolution, whether voluntary or involuntary, or in the event of the sale, exchange, transfer, or other disposition of all or substantially all of the assets of the Corporation or of any partial distribution of capital, the distribution shall (1) first be paid in the fixed rate of One Dollar ($1.00) for each share of Class A common stock which is issued and outstanding, and (2) then pro rata with respect to each share of Class B common stock which is issued and outstanding. C. Redemption of Class A Common Stock. The Corporation shall have the option to redeem the Class A common stock in whole or in part, at any time, and from time to time, at a price per share of $1.00. This redemption shall occur by resolution of the Board of Directors or by such officer of the Corporation to whom the power to exercise the Corporation's right to redeem shall have been delegated by the Board of Directors and by the transmittal of written notice of such redemption to the holder of Class A common stock to be redeemed not less than three (3) days prior to the redemption date set by the Board of Directors (the "Redemption Date"). Such notice shall state that the share of Class A common stock is to be redeemed from the shareholder to whom it is addressed and the Redemption Date. If given by registered or certified mail, postage prepaid, addressed to the shareholder from whom redemption is to be made at the address as it appears on the records of the Corporation, such notice shall be deemed to have been received by such shareholder when deposited in the mail. Any redemption of Class A common stock by the Corporation, may be made by such method as the directors, in their discretion, may determine. If notice of redemption shall have been given and if, on or before the Redemption Date specified in such notice, all funds necessary for such redemption shall have been set aside so as to be available, then notwithstanding that any certificate evidencing a share of Class A common stock called for redemption shall not have been surrendered for cancellation, all rights with respect to such share of Class A common stock shall cease and terminate on such redemption date, except for the right of the holder thereof to receive the amount payable upon redemption, without interest. 3 Exhibit 2-A Page 3 of 4 ARTICLE 5. PREEMPTIVE RIGHTS No holders of any class of shares of the Corporation shall have any pre-emptive right to purchase or have offered to them for purchase any shares or other securities of the Corporation. ARTICLE 6. STATED CAPITAL The amount of stated capital with which the Corporation will begin business shall not be less than one hundred dollars ($100.00). ARTICLE 7. CERTAIN TRANSACTIONS. No person shall be disqualified from being a director of the Corporation because he or she is, or may be a party to (and no director of the Corporation shall be disqualified from entering into) any contract or other transaction to which the Corporation is or may be a party. No contract or other transaction shall be void or voidable for reason that any director or officer or other agent of the Corporation is a party thereto, or otherwise has any direct or indirect interest in such contract or transaction or in any other party thereto, or for reason that any interested director or officer or other agent of the Corporation authorizes or participates in authorization of such contract or transaction, (a) if the material facts as to such interest are disclosed or are otherwise known to the board of directors or applicable committee of directors at the time the contract or transaction is authorized, and at least a majority of the disinterested directors or disinterested members of the committee vote for or otherwise take action authorizing such contract or transaction, even though such disinterested directors or members are less than a quorum, or (b) if the contract or transaction (1) is not less favorable to the Corporation than an arm's length contract or transaction in which no director or officer or other agent of the Corporation has any interest or (2) is otherwise fair to the Corporation as of the time it is authorized. Any interested director may be counted in determining the presence of a quorum at any meeting of the board of directors or any committee thereof which authorizes the contract or transaction. 4 Exhibit 2-A Page 4 of 4 ARTICLE 8. AUTHORITY TO REPURCHASE CAPITAL STOCK. The Corporation, by its board of directors, is authorized, except to the extent prohibited by law or as otherwise provided in Article 4(c), to repurchase, redeem or otherwise acquire, from time to time at any time, shares of any class of capital stock issued by it. ------------------------------------ Elisabeth A. Squeglia, Incorporator EX-3.(A) 4 CERTIFICATE OF AMENDMENT OF RESTATED CERTIFICATE 1 Exhibit 3-A Page 1 of 2 CERTIFICATE OF AMENDMENT OF RESTATED CERTIFICATE OF INCORPORATION OF COLUMBIA GAS SYSTEM SERVICE CORPORATION ================================================================================ COLUMBIA GAS SYSTEM SERVICE 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 said Corporation, by unanimous written consent dated December 29, 1997 adopted resolutions proposing and declaring advisable an amendment to part First of the Restated Certificate of Incorporation of said Corporation as follows: RESOLVED, that the Board of Directors of this Corporation hereby declares it advisable that the Restated Certificate of Incorporation of this Corporation be amended to change the name of the Corporation to Columbia Energy Group Service Corporation, the amendment to be effective by deleting part First of said Restated Certificate of Incorporation and inserting in lieu thereof the following: First: The name of the corporation (hereinafter called the Corporation) is COLUMBIA ENERGY GROUP SERVICE CORPORATION. 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; and RESOLVED, FURTHER, that at any time prior to the filing of the foregoing amendment to the Corporation's Restated Certificate of Incorporation with the Secretary of State of the State of Delaware, notwithstanding authorization of such amendment by the stockholders of the Corporation, the Board of Directors 2 Exhibit 3-A Page 2 of 2 of the Corporation may abandon such amendment without further action by the stockholders of the Corporation; and RESOLVED, FURTHER, that after approval of such amendment 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 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 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 January 16, 1998 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 (by the written consent of the sole stockholder of the Corporation) of the General Corporation Law of the State of Delaware. IN WITNESS WHEREOF, Columbia Gas System Service Corporation has caused this Certificate to be signed by Mr. Oliver G. Richard III, its Chairman, President and Chief Executive Officer, and attested by Ms. Carolyn McKinney Afshar, its Secretary, this 16th day of January, 1998. EX-4.(A) 5 CERTIFICATE OF INCORPORATION OF COLUMBIA PIPELINE 1 Exhibit 4-A Page 1 of 4 CERTIFICATE OF INCORPORATION OF Columbia Pipeline Corporation 1. The name of the corporation is Columbia Pipeline Corporation. 2. The address of its registered office in the State of Delaware is Corporation Trust Center; 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. 3. To engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of Delaware. 4. The total number of shares of stock which the corporation shall have authority to issue is: One Hundred (l00) and the par value of each of such shares is No Dollars and One Cents ($0.01) amounting in the aggregate to One Dollars and Zero Cents ($1). The designations and the powers, preferences and rights, and the qualifications, limitations or restrictions thereof are as follows: Common At all elections of directors of the corporation, each stockholder shall be entitled to as many votes as shall equal the number of votes which (except for such provision as to cumulative voting) he would be entitled to cast for the election of directors with respect to his shares of stock multiplied by the number of directors to be elected by him, and he may cast all of such votes for a single director or may distribute them among the number to be voted for, or for any two or more of them as he may see fit. 5. The name and mailing address of each incorporator is as follows:
NAME MAILING ADDRESS --------------- Evelyn LaCorte 1025 Vermont Avenue, NW, Washington, DC 20005 Eudoxia Papachristos 1025 Vermont Avenue, NW, Washington, DC 20005 Judith Argac 1025 Vermont Avenue, NW, Washington, DC 20005
2 Exhibit 4-A Page 2 of 4 The name and mailing address of each person who is to serve as a director until the first annual meeting of the stockholders or until a successor is elected and qualified, is as follows: 6. The corporation is to have perpetual existence. 7. In furtherance and not in limitation of the powers conferred by statute, the board of directors is expressly authorized: To make, alter or repeal the by4aws of the corporation. To authorize and cause to be executed mortgages and liens upon the real and personal property of the corporation. To set apart out of any of the funds of the corporation available for dividends a reserve or reserves for any proper purpose and to abolish any such reserve in the manner in which it was created. To designate one or more committees, each committee to consist of one 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. The by-laws may provide that in the absence or disqualification of a member of a committee, the member or members present at any meeting and not disqualified from voting, whether or not such member or members 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, or in the by-laws of the corporation, 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 matters: (i) approving or adopting, or recommending to the stockholders, any action or matter expressly required by the Delaware General Corporation Law to be submitted to stockholders for approval or (ii) adopting, amending or repealing any by-law of the corporation. When and as authorized by the stockholders in accordance with law, to sell, lease or exchange all or 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. 3 Exhibit 4-A Page 3 of 4 8. Elections of directors need not be by written ballot unless the by4aws of the corporation shall so provide. 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. Whenever a compromise or arrangement is proposed between this corporation and its creditors or any class of them and/or between this corporation and its stockholders or any class of them, any court of equitable jurisdiction within the State of Delaware may, on the application in a summary way of this corporation or of any creditor or stockholder thereof or on the application of any receiver or receivers appointed for this corporation under the provisions of Section 291 of Title 8 of the Delaware Code or on the application of trustees in dissolution or of any receiver or receivers appointed for this corporation under the provisions of Section 279 of Title 8 of the Delaware Code order a meeting of the creditors or class of creditors, and/or of the stockholders or class of stockholders of this corporation, as the case may be, to be summoned in such manner as the said court directs. If a majority in number representing three-fourths in value of the creditors or class of creditors, and/or of the stockholders or class of stockholders of this corporation, as the case may be, agree to any compromise or arrangement and to any reorganization of this corporation as a consequence of such compromise or arrangement, the said compromise or arrangement and the said reorganization shall, if sanctioned by the court to which the said application has been made, be binding on all the creditors or class of creditors, and/or on all the stockholders or class of stockholders, of this corporation, as the case may be, and also on this corporation. 9. 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 &anted subject to this reservation. 10. A director of the corporation shall not be personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director except for liability (i) for any breach of the directors duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the Delaware General Corporation Law, or (iv) for any transaction from which the director derived any improper personal benefit 4 Exhibit 4-A Page 4 of 4 WE, THE UNDERSIGNED, being each of the incorporators herein before named, for the purpose of forming a corporation pursuant to the General Corporation Law of the State of Delaware, do make this Certificate, hereby declaring and certifying that this is our act and deed and the facts herein stated are true, and accordingly have hereunto set our hands this Thirtieth day of October, 1998. ------------------------------ Evelyn LaCorte ------------------------------ Eudoxia Papachristos ------------------------------ Judith Argao EX-5.(A) 6 CERTIFICATE OF INCORPORATION OF COLUMBIA DEEPWATER 1 Exhibit 5-A Page 1 of 5 CERTIFICATE OF INCORPORATION OF Columbia Deep Water Services Company 1. The name of the corporation is Columbia Deep Water Services Company. 2. The address of its registered office in the State of Delaware is Corporation Trust Center, 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. 3. The nature of the business or purposes to be conducted or promoted is: To engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of Delaware. To manufacture, purchase or otherwise acquire, 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. 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. To 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, licenses and privileges, inventions, improvements and processes, copyrights, trademarks and trade names, relating to or useful in connection with any business of this corporation. 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, chooses 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 2 Exhibit 5-A Page 2 of 5 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. To borrow or raise money for any of the purposes of the corporation and, from time to time without limit 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. 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, or any interest therein, wherever situated, and to sell, convey, lease, exchange, transfer or otherwise dispose of, or mortgage or pledge, all or any of the corporation's property and assets, or any interest therein, wherever situated. 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. 4. The total number of shares of stock which the corporation shall have authority to issue is Ten Thousand (10,000) and the par value of each of such shares is: One Dollars ($1) amounting in the aggregate to Ten Thousand Dollars and Zero ($10,000). The designations and the powers, preferences and rights, and the qualifications, limitations or restrictions thereof are as follows: At all elections of directors of the corporation, each stockholder shall be entitled to as many votes as shall equal the number of votes which (except for such provision as to cumulative voting) he would be entitled to cast for the election of directors with respect to his shares of stock multiplied by the number of directors to be elected by him, and he may cast all of such votes for a single 3 Exhibit 5-A Page 3 of 5 director or may distribute them among the number to be voted for, or for any two or more of them as he may see fit. 5. The name and mailing address of each incorporator is as follows:
NAME MAILING ADDRESS M. C. Kinnamon 1209 Orange Street Wilmington, Delaware 19805 S. A. Clegg 1209 Orange Street Wilmington, Delaware 19805 C. L. Hughes 1209 Orange Street Wilmington, Delaware 19805
The name and mailing address of each person who is to serve as a director until the first annual meeting of the stockholders or until a successor is elected and qualified, is as follows:
NAME MAILING ADDRESS Terrance L. McGill 2603 Augusta, Houston, TX 77057-5637 Raymond R. Kaskel 2603 Augusta, Houston, TX 77057-5637 Oliver G. Richard III 2603 Augusta, Houston, TX 77057-5637
6. The corporation is to have perpetual existence. 7. In furtherance and not in limitation of the powers conferred by statute, the board of directors is expressly authorized: To make, alter or repeal the by-laws of the corporation. To authorize and cause to be executed mortgages and liens upon the real and personal property of the corporation. To set apart out of any of the funds of the corporation available for dividends a reserve or reserves for any proper purpose and to abolish any such reserve in the manner in which it was created. To designate one or more committees, each committee to consist of one 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. The by-laws may provide that in the absence or disqualification of a member of a committee, the member or members present at any meeting and not disqualified from voting, whether or not such member or members constitute a quorum, may unanimously 4 Exhibit 5-A Page 4 of 5 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, or in the by-laws of the corporation, 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 matters: (I) approving or adopting, or recommending to the stockholders, any action or matter expressly required by the Delaware General Corporation Law to be submitted to stockholders for approval or (ii) adopting, amending or repealing any by-law of the corporation. 8. Elections of directors need not be by written ballot unless the by-laws of the corporation shall so provide. 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. Whenever a compromise or arrangement is proposed between this corporation and its creditors or any class of them and/or between this corporation and its stockholders or any class of them, any court of equitable jurisdiction within the State of Delaware may, on the application in a summary way of this corporation or of any creditor or stockholder thereof or on the application of any receiver or receivers appointed for this corporation under the provisions of Section 291 of Title 8 of the Delaware Code or on the application of trustees in dissolution or of any receiver or receivers appointed for this corporation under the provisions of Section 279 of Title 8 of the Delaware Code order a meeting of the creditors or class of creditors, and/or of the stockholders or class of stockholders of this corporation, as the case may be, to be summoned in such manner as the said court directs. If a majority in number representing three-fourths in value of the creditors or class of creditors, and/or of the stockholders or class of stockholders of this corporation, as the case may be, agree to any compromise or arrangement and to any reorganization of this corporation as a consequence of such compromise or arrangement, the said compromise or arrangement and said reorganization shall, if sanctioned by the court to which the said application has been made, be binding on all the creditors or class of creditors, and/or on all the stockholders or class of stockholders, of this corporation, as the case may be, and also on this corporation. 9. 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. 5 Exhibit 5-A Page 5 of 5 10. A director of the corporation shall not be personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director except for liability (i) for any breach of the director's duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the Delaware General Corporation Law, or (iv) for any transaction from which the director derived any improper personal benefit. WE, THE UNDERSIGNED, being each of the incorporators hereinbefore named, for the purpose of forming a corporation pursuant to the General Corporation Law of the State of Delaware, do make this Certificate, hereby declaring and certifying that this is our act and deed and the facts herein stated are true, and accordingly have hereunto set our hands this 7th day of January, 1998. --------------------------------- M. C. Kinnamon --------------------------------- S. A. Clegg --------------------------------- C. L. Hughes EX-6.(A) 7 CERTIFICATE OF AMENDMENT OF CERTIFICATE INCORP. 1 Exhibit 6-A Page 1 of 2 CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORPORATION OF COLUMBIA NATURAL RESOURCES, INC. COLUMBIA NATURAL RESOURCES, 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 Incorporator of said Corporation, by unanimous written consent dated September 28, 1998, adopted resolutions proposing and declaring advisable an amendment to part FIRST of the Certificate of Incorporation of said Corporation as follows: RESOLVED, that the Incorporator of this Corporation hereby declares it advisable that the Certificate of Incorporation of this Corporation be amended to change the name of the Corporation to Columbia Energy Resources, Inc., the amendment to be effective by deleting part FIRST of said Certificate of Incorporation and inserting in lieu thereof the following: FIRST: The name of the Corporation is COLUMBIA ENERGY RESOURCES, INC. (the "Corporation"). RESOLVED FURTHER, that the Incorporator of the Corporation be, and hereby is, authorized and directed to execute, acknowledge and file with the Secretary of State of Delaware a Certificate of Amendment to evidence the foregoing amendment of the Corporation's Certificate of Incorporation; and RESOLVED FURTHER, that the Incorporator be, and hereby is, 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 by the Incorporator of the Corporation, the Incorporator, representing not less than a majority of the incorporators that would be necessary to authorize the amendment of the Certificate of Incorporation before the receipt for payment of stock, approved said amendment by written Consent dated September 28, 1998 in accordance with the provisions of Section 241 of the General Corporation Law of the State of Delaware. 2 Exhibit 6-A Page 2 of 2 THIRD: That the Corporation has not received any payment for any of the stock which the Corporation is authorized to issue, in accordance with the provisions of Section 241 of the General Corporation Law of the State of Delaware. FOURTH: That said amendment was duly adopted in accordance with the applicable provisions of Section 241 of the General Corporation Law of the State of Delaware. I, the undersigned, being the Incorporator of the Corporation, for the purpose of changing the name of the Corporation, do make this Certificate, hereby declaring and certifying that this is my act and deed and that the facts stated herein are true, and accordingly have hereunto set my hand this 28th day of September, 1998. By: --------------------------------- Incorporator R. Neal Pierce EX-7.(A) 8 ARTICLES OF INCORPORATION OF 758117 ALBERTA LTD. 1 Exhibit 7-A Page 1 of 5 BUSINESS CORPORATIONS ACT (SECTION 6) ARTICLES OF INCORPORATION 1. NAME OF CORPORATION: 758117 ALBERTA LTD. 20758117 2. THE CLASSES, AND ANY MAXIMUM NUMBER OF SHARES THAT THE CORPORATION IS AUTHORIZED TO ISSUE: The authorized capital of the corporation shall consist of an unlimited number of Common Shares without nominal or par value and an unlimited number of First Preferred Shares without nominal or par value. The rights, privileges, restrictions and conditions attaching to the Common Shares and First Preferred Shares are as set out in Schedule "A" attached hereto. 3. RESTRICTIONS ON SHARE TRANSFERS (IF ANY): No share in the capital of the corporation shall be transferred without the express consent of the directors of the corporation expressed by the votes of a majority of the directors of the corporation at a meeting of the board of directors or by an instrument or instruments in writing signed by all of the directors. 4. NUMBER, OR MINIMUM AND MAXIMUM NUMBER, OF DIRECTORS THAT THE CORPORATION MAY HAVE: The board of directors shall consist of such number of directors, being a minimum of one (1) director and a maximum of ten (10) directors, as may from time to time be determined by resolution of the board of directors. 5. IF THE CORPORATION IS RESTRICTED FROM CARRYING ON A CERTAIN BUSINESS, OR RESTRICTED TO CARRYING ON A CERTAIN BUSINESS, SPECIFY THE RESTRICTION(S): N/A 6. OTHER RULES OR PROVISIONS (IF ANY): (a) The number of shareholders of the corporation, exclusive of persons who are in its employment and exclusive of persons who, having been formerly in the employment of the corporation, were, while in that employment and have continued after the termination of that employment to be, shareholders of the corporation, is limited to not more than 50, 2 or more persons who are the joint registered owners of 1 or more shares being counted as one shareholder. (b) Any invitation to the public to subscribe for securities of the 2 Exhibit 7-A Page 2 of 5 corporation is prohibited. (c) Without limiting the borrowing powers of the corporation as set forth in the Business Corporations Act (Alberta): (i) The board of directors may from time to time in such amounts and on such terms as it deems expedient charge, mortgage, hypothecate or pledge all or any of the currently owned or subsequently acquired real or personal, movable or immovable, property of the corporation, including book debts, rights, powers, franchises and undertaking, to secure any debt obligations or any money borrowed, or other debt or liability of the corporation. (ii) The board of directors may from time to time delegate to such one or more of the directors and officers of the corporation as may be designated by the board all or any of the powers conferred on the board above to such extent and in such manner as the board shall determine at the time of each such delegation. (d) The directors may, between annual general meetings, appoint one or more additional directors of the Corporation to serve until the next annual general meeting but the number of additional directors shall not at any time exceed one-third (1/3) of the number of directors who held office at expiration of the last annual meeting. 7. DATE: 1997 October 06 INCORPORATORS NAMES: ADDRESS (INCLUDING POSTAL CODE) 3200, 421 - 7 Avenue S.W. SIGNATURE Mark G. Eade (Signed)"Mark G. Eade" Calgary, Alberta T2P 4K9 BUSINESS CORPORATIONS ACT ARTICLES OF INCORPORATION SCHEDULE "A" 1. The rights, privileges, restrictions and conditions attaching to the Common Shares are as follows: (a) Payment of Dividends: The holders of the Common Shares shall be 3 Exhibit 7-A Page 3 of 5 entitled to receive dividends if, as and when declared by the board of directors of the Corporation out of the assets of the Corporation properly applicable to the payment of dividends in such amounts and payable in such manner as the board of directors may from time to time determine. Subject to the rights of the holders of any other class of shares of the Corporation entitled to receive dividends in priority to or rateably with the holders of the Common Shares, the board of directors may in their sole discretion declare dividends on the Common Shares to the exclusion of any other class of shares of the Corporation. (b) Participation upon Liquidation, Dissolution or Winding-Up: In the event of the liquidation, dissolution or winding-up of the Corporation or other distribution of assets of the Corporation among its shareholders for the purpose of winding-up its affairs, the holders of the Common Shares shall, subject to the rights of the holders of any other class of shares of the Corporation entitled to receive the assets of the Corporation upon such a distribution in priority to or rateably with the holders of the Common Shares, be entitled to participate rateably in any distribution of the assets of the Corporation. (c) Voting Rights: The holders of the Common Shares shall be entitled to receive notice of and to attend all annual and special meetings of the shareholders of the Corporation and to 1 vote in respect of each Common Share held at all such meetings. 2. The rights, privileges, restrictions and conditions attaching to the First Preferred Shares are as follows: (a) Series: The First Preferred Shares may at any time and from time to time be issued in one or more series. Subject to the provisions of this clause 2(a), the board of directors may from time to time fix the number of shares in, and determine the designation, rights, privileges, restrictions and conditions attaching to the shares of, each series of First Preferred Shares, including, without limiting the generality of the foregoing, the rate, amount or method of calculation of dividends thereon, the time and place of payment of dividends thereon, the conditions for and the terms and conditions of any purchase for cancellation, retraction or redemption thereof, conversion or exchange rights (if any), and whether into or for securities of the Corporation or otherwise, voting rights attached thereto (if any), the terms and conditions of any share purchase or retirement plan or sinking fund, and restrictions on the payment of dividends on any shares other than First Preferred Shares or payment in respect of capital on any shares in the capital of the Corporation or creation or issue of debt or equity securities; the whole subject to filing with the Registrar (as defined in the Business Corporations Act (Alberta) or any successor legislation thereto) of articles of amendment setting forth a description of such series including the designation, rights, privileges, restrictions and conditions attached to the shares of such series. (b) Ranking of the First Preferred Shares: The First Preferred Shares of each series shall rank on a parity with the First Preferred Shares of every other series with respect to declared 4 Exhibit 7-A Page 4 of 5 or accumulated dividends and return of capital. The First Preferred Shares shall be entitled to a preference over the Common Shares and over any other shares of the Corporation ranking junior to the First Preferred Shares with respect to priority in the payment of dividends and in the distribution of assets of the Corporation in the event of the liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary, or any other distribution of the assets of the Corporation among its shareholders for the purpose of winding-up its affairs. If any declared or cumulative dividends or amounts payable on a return of capital are not paid in full, the First Preferred Shares of all series shall participate ratably in respect of such dividends, including accumulations, if any, in accordance with the sums that would be payable on such shares if all such dividends were declared and paid in full, and in respect of any repayment of capital in accordance with the sums that would be payable on such repayment of capital if all sums so payable were paid in full; provided, however, that in the event of there being insufficient assets to satisfy in full all such claims as aforesaid, the claims of the holders of the First Preferred Shares with respect to repayment of capital shall first be paid and satisfied and any assets remaining thereafter shall be applied towards payment in satisfaction of claims in respect of dividends. The First Preferred Shares of any series may also be given such other preferences not inconsistent with clauses (a) to (e) hereof over any other shares ranking junior to the First Preferred Shares as may be determined in the case of such series of First Preferred Shares. (c) Voting Rights: Except as hereinafter referred to or as required by law or in accordance with any voting rights which may from time to time be attached to any series of First Preferred Shares, the holders of First Preferred Shares as a class shall not be entitled as such to receive notice of, to attend or to vote at any meeting of the shareholders of the Corporation. The holders of the First Preferred Shares shall, however, be entitled to notice of meetings of the shareholders called for the purpose of authorizing the voluntary liquidation and dissolution of the Corporation or the sale of its undertaking or a substantial part thereof under subsection 204(3) or subsection 183(4) of the Business Corporations Act (Alberta) as now enacted or as the same may from time to time be amended, re-enacted or replaced. (d) Changes to Class Rights: The rights, privileges, restrictions and conditions attaching to the First Preferred Shares as a class may be added to, changed or removed but only with the approval of the holders of the First Preferred Shares given as herein specified. (e) Approval of Changes to Class Rights: The rights, privileges, restrictions and conditions attaching to the First Preferred Shares as a class as provided herein and as may be provided from time to time may be repealed, altered, modified, amended or amplified or otherwise varied only with the approval of the holders of the First Preferred Shares given in such manner as may then be required by law, subject to a minimum requirement that such approval be given by two-thirds of the votes cast at a 5 Exhibit 7-A Page 5 of 5 meeting of holders of First Preferred Shares duly called for such purpose and held upon at least twenty-one (21) days' notice at which a quorum is present comprising at least two persons present holding or representing by proxy at least fifty (50%) per cent of the outstanding First Preferred Shares. If any such quorum is not present within half an hour after the time appointed for the meeting, then the meeting shall be adjourned to a date being not less than ten (10) days later and at such time and place as may be appointed by the chairman at which a quorum shall be comprised of that number of holders of First Preferred Shares present in person or by proxy. The formalities to be observed with respect to giving of notice of any such meeting or adjourned meeting and the conduct thereof shall be those which may from time to time be prescribed by the by-laws of the Corporation with respect to meetings of shareholders. On every vote taken at every such meeting or adjourned meeting each holder of a First Preferred Share shall be entitled to one vote in respect of each First Preferred Share held. Exhibit 7-A Page 3 of 5 EX-8.(A) 9 ARTICLES OF AMENDMENT OF 758117 ALBERTA LTD. 1 Exhibit 8-A Page 1 of 1 BUSINESS CORPORATIONS ACTFORM 4 SECTION 27 OR 171) 1. NAME OF 2. CORPORATE ACCESS NUMBER: 758117 ALBERTA LTD. 20758117 3. THE ARTICLES OF THE ABOVE-NAMED CORPORATION ARE AMENDED AS FOLLOWS: The name of the Corporation is: Columbia Natural Resources Canada, Ltd.
DATE SIGNATURE TITLE December 12, (Signed) "Clifford D. Johnson" Director 1997 Clifford D. Johnson FOR DEPARTMENTAL USE FILED ONLY
REG 3054 (95/11) FORM 4 EX-9.(A) 10 CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORP. 1 Exhibit 9-A Page 1 of 2 CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORPORATION OF TRISTAR CAPITAL CORPORATION ================================================================================ TRISTAR CAPITAL 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 said Corporation, by unanimous written consent dated May 5, 1998, adopted resolutions proposing and declaring advisable an amendment to part FIRST of the Certificate of Incorporation of said Corporation as follows: RESOLVED, that the Board of Directors of this Corporation hereby declares it advisable that the Certificate of Incorporation of this Corporation be amended to change the name of the Corporation to Columbia Energy Group Capital Corporation, the amendment to be effective by deleting part FIRST of said Certificate of Incorporation and inserting in lieu thereof the following: FIRST. The name of the Corporation is Columbia Energy Group Capital Corporation. RESOLVED, 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; and RESOLVED, that at any time prior to the filing of the foregoing amendment to the Corporation's Certificate of Incorporation with the Secretary of State of the State of Delaware, notwithstanding authorization of such amendment by the stockholders of the Corporation, the Board of Directors of the Corporation may abandon such amendment without further action by the stockholders of the Corporation; and 2 Exhibit 9-A Page 2 of 2 RESOLVED, that after approval of such amendment 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 amendment to the Corporation's Certificate of Incorporation; and RESOLVED, 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, Columbia Energy Group, 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 May 5, 1998 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 (by the written consent of the sole stockholder of the Corporation) of the General Corporation Law of the State of Delaware. IN WITNESS WHEREOF, TriStar Capital Corporation has caused this Certificate to be signed by Mr. Philip R. Aldridge, its President, and attested by Ms. Sharon B. Heaton, its Secretary, this 2nd day of June, 1998. By: ------------------------- President ATTEST: -------------------------- Secretary
EX-10.(A) 11 CERTIFICATE OF INCORPORATION OF COLUMBIA ENERGY 1 Exhibit 10-A Page 1 of 3 CERTIFICATE OF INCORPORATION OF COLUMBIA ENERGY TELECOMMUNICATIONS COMPANY * * * * * 1. The name of the corporation is Columbia Energy Telecommunications Company. 2. The address of its registered office in the State of Delaware is Corporation Trust Center, 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. 3. The nature of the business or purpose to be conducted or promoted is: To engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of Delaware. 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 interference 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. 4. 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 One Dollars and Zero Cents ($1) amounting in the aggregate to Three Thousand Dollars and Zero Cents ($3,000). At all elections of directors of the corporation, each stockholder shall be entitled to as many votes as shall equal the number of votes which (except for such provision as to cumulative voting) he would be entitled to cast for the election of directors with respect to his shares of stock multiplied by the number o directors to be elected by him, and he may cast all of such votes for a single director or may distribute them among the number to be voted for, or for any two or more of them as he may see fit. 5. The name and mailing address of each incorporator is as follows:
NAME MAILING ADDRESS M. C. Kinnamon 1209 Orange Street, Wilmington, DE 19801 C. L. Hughes 1209 Orange Street, Wilmington, DE 19801 S. A. Clegg 1209 Orange Street, Wilmington, DE 19801
2 Exhibit 10-A Page 2 of 3 The name and mailing address of each person who is to serve as a director until the first annual meeting of the stockholders or until a successor is elected and qualified, is as follows:
NAME MAILING ADDRESS ---- --------------- Catherine G. Abbott 12801 Fair Lakes Parkway, Fairfax, VA 22030 Michael W. O'Donnell 12355 Sunrise Valley Drive, Suite 300 Reston, VA 20191 Oliver G. Richard III 12355 Sunrise Valley Drive, Suite 300 Reston, VA 20191
6. The corporation is to have perpetual existence. 7. In furtherance and not in limitation of the powers conferred by statute, the board of directors is expressly authorized: To make, alter or repeal the by-laws of the corporation. To authorize and cause to be executed mortgages and liens upon the real and personal property of the corporation. To set apart out of any of the funds of the corporation available for dividends a reserve or reserves for any proper purpose and to abolish any such reserve in the manner in which it was created. To designate one or more committees, each committee to consist of one 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. The by-laws may provide that in the absence or disqualification of a member of a committee, the member or members present at any meeting and not disqualified from voting, whether or not such member or members 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, or in the by-laws of the corporation, 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 matters: (i) approving or adopting, or recommending to the stockholders, any action or matter expressly required by the Delaware General Corporation Law to be submitted to stockholders for approval or (ii) adopting, amending or repealing any by-law of the corporation. When and as authorized by the stockholders in accordance with law, to sell, lease or exchange all or 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. 8. Elections of directors need not be by written ballot unless the by-laws of the corporation shall so provide. 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. 3 Exhibit 10-A Page 3 of 3 Whenever a compromise or arrangement is proposed between this corporation and its creditors or any class of them and/or between this corporation and its stockholders or any class of them, any court of equitable jurisdiction within the State of Delaware may, on the application in a summary way of this corporation or of any creditor or stockholder thereof or application in a summary way of this corporation or of any creditor or stockholder thereof or on the application of any receiver or receivers appointed for this corporation under the provisions of Section 291 of Title 8 of the Delaware Code or on the application of trustees in dissolution or of any receiver or receivers appointed for this corporation under the provisions of Section 279 of Title 8 of the Delaware Code order a meeting of the creditors or class of creditors, and/or of the stockholders or class of stockholders of this corporation, as the case may be, to be summoned in such manner as the said court directs. If a majority in number representing three-fourths in value of the creditors or class of creditors, and/or of the stockholders or class of stockholders of this corporation, as the case may be, agree to any compromise or arrangement and to any reorganization of this corporation as a consequence of such compromise or arrangement, the said compromise or arrangement and the said reorganization shall, if sanctioned by the court to which the said application has been made, be binding on all the creditors or class of creditors, and/or on all the stockholders or class of stockholders, of this corporation, as the case may be, and also on this corporation. 9. 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. 10. A director of the corporation shall not be personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director except for liability (i) for any breach of the director's duty of loyalty to the corporation or it stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the Delaware General Corporation Law, or (iv) for any transaction from which the director derived any improper personal benefit. WE, THE UNDERSIGNED, being each of the incorporators hereinbefore named, for the purpose of forming a corporation pursuant to the General Corporation Law of the State of Delaware, do make this Certificate, hereby declaring and certifying that this is our act and deed and the facts herein stated are true, and accordingly have hereunto set our hands this _________ day of _______________, 1998. ----------------------------------------------- M. C. Kinnamon ----------------------------------------------- C. L. Hughes ----------------------------------------------- S. A. Clegg 34020 EX-11.(A) 12 CERTIFICATE OF AMEND. OF CERT. OF INCORP. COLUMBIA 1 Exhibit 11-A Page 1 of 2 CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORPORATION OF COLUMBIA ENERGY TELECOMMUNICATIONS COMPANY ================================================================================ COLUMBIA ENERGY TELECOMMUNICATIONS COMPANY, 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 ___________________, 1998, adopted resolutions proposing, declaring advisable and approving an amendment to part FIRST of the Certificate of Incorporation of said Corporation as follows: RESOLVED, that the Board of Directors of this Corporation hereby declares it advisable that the Certificate of Incorporation of this Corporation be amended to change the name of the Corporation to Columbia Transmission Communications Corporation, the amendment to be effective by deleting part FIRST of said Certificate of Incorporation and inserting in lieu thereof the following: FIRST: The name of the Corporation is Columbia Transmission Communications Corporation. RESOLVED, that the foregoing amendment is advisable and its adoption is in the best interests of the Corporation and such amendment be, and hereby is, approved in accordance with Section 241 of the General Corporation Law of the State of Delaware; and RESOLVED, that 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, that at any time prior to the filing of the foregoing amendment to the Corporation's Certificate of Incorporation with the Secretary of 2 Exhibit 11-A Page 2 of 2 State of the State of Delaware, the Board of Directors of the Corporation may abandon such amendment; and RESOLVED, 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 the Corporation has not received any payment for any of its stock and that said amendment to its Certificate of Incorporation has been duly adopted in accordance with the provisions of Section 241 of the General Corporation Law of the State of Delaware. IN WITNESS WHEREOF, Columbia Energy Telecommunications Company has caused this Certificate to be signed by Mr. Philip R. Aldridge, its President, and attested by Ms. Sharon B. Heaton, its Secretary, this _____ day of ____________________, 1998. By:________________________ President ATTEST:______________________ Secretary EX-12.(A) 13 CERTIFCATE OF DISSOLUTION OF TRISTAR SYSTEM, INC. 1 Exhibit 12-A Page 1 of 2 CERTIFICATE OF DISSOLUTION OF TRISTAR SYSTEM, INC. TriStar System, Inc., a corporation organized and existing under the laws of the State of Delaware (the "Corporation"), does hereby certify that: 1. The name of the Corporation is TriStar System, Inc.. 2. Dissolution of the corporation has been authorized by the board of directors and stockholders of the Corporation in accordance with subsections (a) and (b) of Section 275 of the General Corporation Law of the State of Delaware (the "DGCL") 3. The date the dissolution of the Corporation was authorized is August 4, 1998. 4. The names and addresses of the directors and officers of the Corporation are as follows: DIRECTORS --------- Name Address ---- ------- M. J. Gluckman C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 F. R. Gumbinner C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 R. M. Zulandi C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 OFFICERS -------- Name Address ---- ------- M. J. Gluckman, President and CEO C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 R. M. Zulandi, Senior Vice President C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 J. W. Trost*, Vice President C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 2 Exhibit 12-A Page 2 of 2 D. P. Detar, Treasurer C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 S. B. Heaton, Secretary C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 F. R. Gumbinner, Assistant Secretary C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 * Duties limited to signing, executing and delivering on behalf of the Corporation, applications, pleadings, corporate undertakings, reports and other documents necessary or appropriate to proceedings before state and federal regulatory authorities. 5. In lieu of a meeting and vote thereat of the stockholders, the stockholders have given their unanimous written consent to the dissolution in accordance with Section 228 of the DGCL. IN WITNESS WHEREOF, the Corporation has caused this Certificate of Dissolution to be duly executed this 4th day of August, 1998. TRISTAR SYSTEM, INC. By: _______________________________ Name: _________________________ Title: ________________________ EX-13.(A) 14 CERTIFCATE OF AMEND. OF CERT. OF INCORP.OF TRISTAR 1 Exhibit 13-A Page 1 of 2 CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORPORATION OF TRISTAR PEDRICK GENERAL CORPORATION - -------------------------------------------------------------------------------- TRISTAR PEDRICK GENERAL 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 said Corporation, by unanimous written consent dated August 4, 1998, adopted resolutions proposing and declaring advisable an amendment to part FIRST of the Certificate of Incorporation of said Corporation as follows: RESOLVED, that the Board of Directors of this Corporation hereby declares it advisable that the Certificate of Incorporation of this Corporation be amended to change the name of the Corporation to Columbia Electric Pedrick General Corporation, the amendment to be effective by deleting part FIRST of said Certificate of Incorporation and inserting in lieu thereof the following: FIRST: The name of the Corporation is Columbia Electric Pedrick General Corporation. RESOLVED, 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; and RESOLVED, that at any time prior to the filing of the foregoing amendment to the Corporation's Certificate of Incorporation with the Secretary of State of the State of Delaware, notwithstanding authorization of such amendment by the stockholders of the Corporation, the Board of Directors of the Corporation may abandon such amendment without further action by the stockholders of the Corporation; and RESOLVED, that after approval of such amendment 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 amendment to the Corporation's Certificate of Incorporation; and RESOLVED, 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 such other actions as are necessary or appropriate to carry into effect the purposes of the foregoing resolutions. 2 Exhibit 13-A Page 2 of 2 SECOND: That in lieu of a meeting and vote of the stockholders, Columbia Electric Corporation, 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 4, 1998 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 by the written consent of the sole stockholder of the Corporation. IN WITNESS WHEREOF, TriStar Pedrick General Corporation has caused this Certificate to be signed by Mr. Michael J. Gluckman, its President and Chief Executive Officer, and attested by Mr. Fredric R. Gumbinner, its Assistant Secretary, this 4th day of August, 1998. By: _____________________________________ President and Chief Executive Officer ATTEST:_________________________ Assistant Secretary EX-14.(A) 15 CERT. OF AMEND. OF CERT. OF INCORP. OF TRISTAR 1 Exhibit 14-A Page 1 of 2 CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORPORATION OF TRISTAR PEDRICK LIMITED CORPORATION - -------------------------------------------------------------------------------- TRISTAR PEDRICK LIMITED 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 said Corporation, by unanimous written consent dated August 4, 1998, adopted resolutions proposing and declaring advisable an amendment to part FIRST of the Certificate of Incorporation of said Corporation as follows: RESOLVED, that the Board of Directors of this Corporation hereby declares it advisable that the Certificate of Incorporation of this Corporation be amended to change the name of the Corporation to Columbia Electric Pedrick Limited Corporation, the amendment to be effective by deleting part FIRST of said Certificate of Incorporation and inserting in lieu thereof the following: FIRST: The name of the Corporation is Columbia Electric Pedrick Limited Corporation. RESOLVED, 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; and RESOLVED, that at any time prior to the filing of the foregoing amendment to the Corporation's Certificate of Incorporation with the Secretary of State of the State of Delaware, notwithstanding authorization of such amendment by the stockholders of the Corporation, the Board of Directors of the Corporation may abandon such amendment without further action by the stockholders of the Corporation; and RESOLVED, that after approval of such amendment 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 amendment to the Corporation's Certificate of Incorporation; and RESOLVED, 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 such other actions as are necessary or appropriate to carry into effect the purposes of the foregoing resolutions. 2 Exhibit 14-A Page 2 of 2 SECOND: That in lieu of a meeting and vote of the stockholders, Columbia Electric Corporation, 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 4, 1998 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 by the written consent of the sole stockholder of the Corporation. IN WITNESS WHEREOF, TriStar Pedrick Limited Corporation has caused this Certificate to be signed by Mr. Michael J. Gluckman, its President and Chief Executive Officer, and attested by Mr. Fredric R. Gumbinner, its Assistant Secretary, this 4th day of August, 1998. By: ____________________________________ President and Chief Executive Officer ATTEST:_________________________ Assistant Secretary EX-15.(A) 16 CERTIFICATE OF DISSOLUTION OF TRISTAR FUEL CELLS 1 Exhibit 15-A Page 1 of 2 CERTIFICATE OF DISSOLUTION OF TRISTAR FUEL CELLS CORPORATION TriStar Fuel Cells Corporation, a corporation organized and existing under the laws of the State of Delaware (the "Corporation"), does hereby certify that: 1. The name of the Corporation is TriStar Fuel Cells Corporation. 2. Dissolution of the corporation has been authorized by the board of directors and stockholders of the Corporation in accordance with subsections (a) and (b) of Section 275 of the General Corporation Law of the State of Delaware (the "DGCL") 3. The date the dissolution of the Corporation was authorized is August 4, 1998. 4. The names and addresses of the directors and officers of the Corporation are as follows: DIRECTORS --------- Name Address ---- ------- M. J. Gluckman C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 F. R. Gumbinner C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 R. M. Zulandi C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 OFFICERS -------- Name Address ---- ------- M. J. Gluckman, President and CEO C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 R. M. Zulandi, Senior Vice President C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 J. W. Trost*, Vice President C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 2 Exhibit 15-A Page 2 of 2 D. P. Detar, Treasurer C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 S. B. Heaton, Secretary C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 F. R. Gumbinner, Assistant Secretary C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 * Duties limited to signing, executing and delivering on behalf of the Corporation, applications, pleadings, corporate undertakings, reports and other documents necessary or appropriate to proceedings before state and federal regulatory authorities. 5. In lieu of a meeting and vote thereat of the stockholders, the stockholders have given their unanimous written consent to the dissolution in accordance with Section 228 of the DGCL. IN WITNESS WHEREOF, the Corporation has caused this Certificate of Dissolution to be duly executed this 4th day of August, 1998. TRISTAR FUEL CELLS CORPORATION By: _______________________________ Name: _________________________ Title: ________________________ EX-16.(A) 17 CERT.OF AMEND.OF CERT.OF INCORP.TRISTAR BINGHAMTON 1 Exhibit 16-A Page 1 of 2 CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORPORATION OF TRISTAR BINGHAMTON GENERAL CORPORATION - -------------------------------------------------------------------------------- TRISTAR BINGHAMTON GENERAL 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 said Corporation, by unanimous written consent dated August 4, 1998, adopted resolutions proposing and declaring advisable an amendment to part FIRST of the Certificate of Incorporation of said Corporation as follows: RESOLVED, that the Board of Directors of this Corporation hereby declares it advisable that the Certificate of Incorporation of this Corporation be amended to change the name of the Corporation to Columbia Electric Binghamton General Corporation, the amendment to be effective by deleting part FIRST of said Certificate of Incorporation and inserting in lieu thereof the following: FIRST: The name of the Corporation is Columbia Electric Binghamton General Corporation. RESOLVED, 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; and RESOLVED, that at any time prior to the filing of the foregoing amendment to the Corporation's Certificate of Incorporation with the Secretary of State of the State of Delaware, notwithstanding authorization of such amendment by the stockholders of the Corporation, the Board of Directors of the Corporation may abandon such amendment without further action by the stockholders of the Corporation; and RESOLVED, that after approval of such amendment 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 amendment to the Corporation's Certificate of Incorporation; and RESOLVED, 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 such other actions as are necessary or appropriate to carry into effect the purposes of the foregoing resolutions. 2 Exhibit 16-A Page 2 of 2 SECOND: That in lieu of a meeting and vote of the stockholders, Columbia Electric Corporation, 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 4, 1998 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 by the written consent of the sole stockholder of the Corporation. IN WITNESS WHEREOF, TriStar Binghamton General Corporation has caused this Certificate to be signed by Mr. Michael J. Gluckman, its President and Chief Executive Officer, and attested by Mr. Fredric R. Gumbinner, its Assistant Secretary, this 4th day of August, 1998. By: _____________________________________ President and Chief Executive Officer ATTEST:_________________________ Assistant Secretary EX-17.(A) 18 CERT.OF AMEND.OF CERT.OF INCORP.TRISTAR BINGHAMTON 1 Exhibit 17-A Page 1 of 2 CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORPORATION OF TRISTAR BINGHAMTON LIMITED CORPORATION - -------------------------------------------------------------------------------- TRISTAR BINGHAMTON LIMITED 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 said Corporation, by unanimous written consent dated August 4, 1998, adopted resolutions proposing and declaring advisable an amendment to part FIRST of the Certificate of Incorporation of said Corporation as follows: RESOLVED, that the Board of Directors of this Corporation hereby declares it advisable that the Certificate of Incorporation of this Corporation be amended to change the name of the Corporation to Columbia Electric Binghamton Limited Corporation, the amendment to be effective by deleting part FIRST of said Certificate of Incorporation and inserting in lieu thereof the following: FIRST: The name of the Corporation is Columbia Electric Binghamton Limited Corporation. RESOLVED, 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; and RESOLVED, that at any time prior to the filing of the foregoing amendment to the Corporation's Certificate of Incorporation with the Secretary of State of the State of Delaware, notwithstanding authorization of such amendment by the stockholders of the Corporation, the Board of Directors of the Corporation may abandon such amendment without further action by the stockholders of the Corporation; and RESOLVED, that after approval of such amendment 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 amendment to the Corporation's Certificate of Incorporation; and RESOLVED, 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 such other actions as are necessary or appropriate to carry into effect the purposes of the foregoing resolutions. 2 Exhibit 17-A Page 2 of 2 SECOND: That in lieu of a meeting and vote of the stockholders, Columbia Electric Corporation, 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 4, 1998 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 by the written consent of the sole stockholder of the Corporation. IN WITNESS WHEREOF, TriStar Binghamton Limited Corporation has caused this Certificate to be signed by Mr. Michael J. Gluckman, its President and Chief Executive Officer, and attested by Mr. Fredric R. Gumbinner, its Assistant Secretary, this 4th day of August, 1998. By: _____________________________________ President and Chief Executive Officer ATTEST:_________________________ Assistant Secretary EX-18.(A) 19 CERT. OF DISSOLUTION OF TRISTAR GEORGETOWN 1 Exhibit 18-A Page 1 of 2 CERTIFICATE OF DISSOLUTION OF TRISTAR GEORGETOWN GENERAL CORPORATION TriStar Georgetown General Corporation, a corporation organized and existing under the laws of the State of Delaware (the "Corporation"), does hereby certify that: 1. The name of the Corporation is TriStar Georgetown General Corporation. 2. Dissolution of the corporation has been authorized by the board of directors and stockholders of the Corporation in accordance with subsections (a) and (b) of Section 275 of the General Corporation Law of the State of Delaware (the "DGCL") 3. The date the dissolution of the Corporation was authorized is August 4, 1998. 4. The names and addresses of the directors and officers of the Corporation are as follows: DIRECTORS --------- Name Address ---- ------- M. J. Gluckman C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 F. R. Gumbinner C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 R. M. Zulandi C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 OFFICERS -------- Name Address ---- ------- M. J. Gluckman, President and CEO C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 R. M. Zulandi, Senior Vice President C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 J. W. Trost*, Vice President C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 2 Exhibit 18-A Page 2 of 2 D. P. Detar, Treasurer C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 S. B. Heaton, Secretary C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 F. R. Gumbinner, Assistant Secretary C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 * Duties limited to signing, executing and delivering on behalf of the Corporation, applications, pleadings, corporate undertakings, reports and other documents necessary or appropriate to proceedings before state and federal regulatory authorities. 5. In lieu of a meeting and vote thereat of the stockholders, the stockholders have given their unanimous written consent to the dissolution in accordance with Section 228 of the DGCL. IN WITNESS WHEREOF, the Corporation has caused this Certificate of Dissolution to be duly executed this 4th day of August, 1998. TRISTAR GEORGETOWN GENERAL CORPORATION By: __________________________________ Name: ____________________________ Title:____________________________ EX-19.(A) 20 CERT. OF DISSOLUTION OF TRISTAR GEORGETOWN LIMITED 1 Exhibit 19-A Page 1 of 2 CERTIFICATE OF DISSOLUTION OF TRISTAR GEORGETOWN LIMITED CORPORATION TriStar Georgetown Limited Corporation, a corporation organized and existing under the laws of the State of Delaware (the "Corporation"), does hereby certify that: 1. The name of the Corporation is TriStar Georgetown Limited Corporation. 2. Dissolution of the corporation has been authorized by the board of directors and stockholders of the Corporation in accordance with subsections (a) and (b) of Section 275 of the General Corporation Law of the State of Delaware (the "DGCL") 3. The date the dissolution of the Corporation was authorized is August 4, 1998. 4. The names and addresses of the directors and officers of the Corporation are as follows: DIRECTORS --------- Name Address ---- ------- M. J. Gluckman C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 F. R. Gumbinner C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 R. M. Zulandi C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 OFFICERS -------- Name Address ---- ------- M. J. Gluckman, President and CEO C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 R. M. Zulandi, Senior Vice President C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 J. W. Trost*, Vice President C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 2 Exhibit 19-A Page 2 of 2 D. P. Detar, Treasurer C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 S. B. Heaton, Secretary C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 F. R. Gumbinner, Assistant Secretary C/O Columbia Energy Group 13880 Dulles Corner Lane Herndon, VA 20171-4600 * Duties limited to signing, executing and delivering on behalf of the Corporation, applications, pleadings, corporate undertakings, reports and other documents necessary or appropriate to proceedings before state and federal regulatory authorities. 5. In lieu of a meeting and vote thereat of the stockholders, the stockholders have given their unanimous written consent to the dissolution in accordance with Section 228 of the DGCL. IN WITNESS WHEREOF, the Corporation has caused this Certificate of Dissolution to be duly executed this 4th day of August, 1998. TRISTAR GEORGETOWN LIMITED CORPORATION By: _________________________________ Name: ___________________________ Title:___________________________ EX-20.(A) 21 CERT. OF AMEND. OF CERT. OF INCORP. OF TRISTAR VIN 1 Exhibit 20-A Page 1 of 2 CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORPORATION OF TRISTAR VINELAND GENERAL CORPORATION - -------------------------------------------------------------------------------- TRISTAR VINELAND GENERAL 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 said Corporation, by unanimous written consent dated August 4, 1998, adopted resolutions proposing and declaring advisable an amendment to part FIRST of the Certificate of Incorporation of said Corporation as follows: RESOLVED, that the Board of Directors of this Corporation hereby declares it advisable that the Certificate of Incorporation of this Corporation be amended to change the name of the Corporation to Columbia Electric Vineland General Corporation, the amendment to be effective by deleting part FIRST of said Certificate of Incorporation and inserting in lieu thereof the following: FIRST: The name of the Corporation is Columbia Electric Vineland General Corporation. RESOLVED, 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; and RESOLVED, that at any time prior to the filing of the foregoing amendment to the Corporation's Certificate of Incorporation with the Secretary of State of the State of Delaware, notwithstanding authorization of such amendment by the stockholders of the Corporation, the Board of Directors of the Corporation may abandon such amendment without further action by the stockholders of the Corporation; and RESOLVED, that after approval of such amendment 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 amendment to the Corporation's Certificate of Incorporation; and RESOLVED, 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 such other actions as are necessary or appropriate to carry into effect the purposes of the foregoing resolutions. 2 Exhibit 20-A Page 2 of 2 SECOND: That in lieu of a meeting and vote of the stockholders, Columbia Electric Corporation, 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 4, 1998 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 by the written consent of the sole stockholder of the Corporation. IN WITNESS WHEREOF, TriStar Vineland General Corporation has caused this Certificate to be signed by Mr. Michael J. Gluckman, its President and Chief Executive Officer, and attested by Mr. Fredric R. Gumbinner, its Assistant Secretary, this 4th day of August, 1998. By: _____________________________________ President and Chief Executive Officer ATTEST:_________________________ Assistant Secretary EX-21.(A) 22 CERT.OF AMEND.OF CERT.OF INCORP.TRISTAR VINELAND 1 Exhibit 21-A Page 1 of 2 CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORPORATION OF TRISTAR VINELAND LIMITED CORPORATION - -------------------------------------------------------------------------------- TRISTAR VINELAND LIMITED 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 said Corporation, by unanimous written consent dated August 4, 1998, adopted resolutions proposing and declaring advisable an amendment to part FIRST of the Certificate of Incorporation of said Corporation as follows: RESOLVED, that the Board of Directors of this Corporation hereby declares it advisable that the Certificate of Incorporation of this Corporation be amended to change the name of the Corporation to Columbia Electric Vineland Limited Corporation, the amendment to be effective by deleting part FIRST of said Certificate of Incorporation and inserting in lieu thereof the following: FIRST: The name of the Corporation is Columbia Electric Vineland Limited Corporation. RESOLVED, 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; and RESOLVED, that at any time prior to the filing of the foregoing amendment to the Corporation's Certificate of Incorporation with the Secretary of State of the State of Delaware, notwithstanding authorization of such amendment by the stockholders of the Corporation, the Board of Directors of the Corporation may abandon such amendment without further action by the stockholders of the Corporation; and RESOLVED, that after approval of such amendment 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 amendment to the Corporation's Certificate of Incorporation; and RESOLVED, 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 such other actions as are necessary or appropriate to carry into effect the purposes of the foregoing resolutions. 2 Exhibit 21-A Page 1 of 2 SECOND: That in lieu of a meeting and vote of the stockholders, Columbia Electric Corporation, 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 4, 1998 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 by the written consent of the sole stockholder of the Corporation. IN WITNESS WHEREOF, TriStar Vineland Limited Corporation has caused this Certificate to be signed by Mr. Michael J. Gluckman, its President and Chief Executive Officer, and attested by Mr. Fredric R. Gumbinner, its Assistant Secretary, this 4th day of August, 1998. By: _____________________________________ President and Chief Executive Officer ATTEST:_________________________ Assistant Secretary EX-22.(A) 23 CERT.OF AMEND.OF CERT.OF INCORP.OF INCORP.TRISTAR 1 Exhibit 22-A Page 1 of 2 CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORPORATION OF TRISTAR RUMFORD LIMITED CORPORATION - -------------------------------------------------------------------------------- TRISTAR RUMFORD LIMITED 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 said Corporation, by unanimous written consent dated August 4, 1998, adopted resolutions proposing and declaring advisable an amendment to part FIRST of the Certificate of Incorporation of said Corporation as follows: RESOLVED, that the Board of Directors of this Corporation hereby declares it advisable that the Certificate of Incorporation of this Corporation be amended to change the name of the Corporation to Columbia Electric Rumford Limited Corporation, the amendment to be effective by deleting part FIRST of said Certificate of Incorporation and inserting in lieu thereof the following: FIRST: The name of the Corporation is Columbia Electric Rumford Limited Corporation. RESOLVED, 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; and RESOLVED, that at any time prior to the filing of the foregoing amendment to the Corporation's Certificate of Incorporation with the Secretary of State of the State of Delaware, notwithstanding authorization of such amendment by the stockholders of the Corporation, the Board of Directors of the Corporation may abandon such amendment without further action by the stockholders of the Corporation; and RESOLVED, that after approval of such amendment 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 amendment to the Corporation's Certificate of Incorporation; and RESOLVED, 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 such other actions as are necessary or appropriate to carry into effect the purposes of the foregoing resolutions. 2 Exhibit 22-A Page 2 of 2 SECOND: That in lieu of a meeting and vote of the stockholders, Columbia Electric Corporation, 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 4, 1998 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 by the written consent of the sole stockholder of the Corporation. IN WITNESS WHEREOF, TriStar Rumford Limited Corporation has caused this Certificate to be signed by Mr. Michael J. Gluckman, its President and Chief Executive Officer, and attested by Mr. Fredric R. Gumbinner, its Assistant Secretary, this 4th day of August, 1998. By: _____________________________________ President and Chief Executive Officer ATTEST:_________________________ Assistant Secretary EX-23.(A) 24 CERT.OF AMEND.OF CERT.OF INCORP. OF TVC NINE CORP. 1 Exhibit 23-A Page 1 of 2 CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORPORATION OF TVC NINE CORPORATION - -------------------------------------------------------------------------------- TVC NINE 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 said Corporation, by unanimous written consent dated August 4, 1998, adopted resolutions proposing and declaring advisable an amendment to part FIRST of the Certificate of Incorporation of said Corporation as follows: RESOLVED, that the Board of Directors of this Corporation hereby declares it advisable that the Certificate of Incorporation of this Corporation be amended to change the name of the Corporation to Columbia Electric Limited Holdings Corporation, the amendment to be effective by deleting part FIRST of said Certificate of Incorporation and inserting in lieu thereof the following: FIRST: The name of the Corporation is Columbia Electric Limited Holdings Corporation. RESOLVED, 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; and RESOLVED, that at any time prior to the filing of the foregoing amendment to the Corporation's Certificate of Incorporation with the Secretary of State of the State of Delaware, notwithstanding authorization of such amendment by the stockholders of the Corporation, the Board of Directors of the Corporation may abandon such amendment without further action by the stockholders of the Corporation; and RESOLVED, that after approval of such amendment 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 amendment to the Corporation's Certificate of Incorporation; and RESOLVED, 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 such other actions as are necessary or appropriate to carry into effect the purposes of the foregoing resolutions. SECOND: That in lieu of a meeting and vote of the stockholders, Columbia Electric Corporation, being the holder of the outstanding stock of the Corporation having not less than the 2 Exhibit 23-A Page 2 of 2 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 4, 1998 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 by the written consent of the sole stockholder of the Corporation. IN WITNESS WHEREOF, TVC Nine Corporation has caused this Certificate to be signed by Mr. Michael J. Gluckman, its President and Chief Executive Officer, and attested by Mr. Fredric R. Gumbinner, its Assistant Secretary, this 4th day of August, 1998. By: _____________________________________ President and Chief Executive Officer ATTEST:_________________________ Assistant Secretary EX-24.(A) 25 CERT.OF AMEND.OF CERT.OF INCORP. OF TVC TEN CORP. 1 Exhibit 24-A Page 1 of 2 CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORPORATION OF TVC TEN CORPORATION - -------------------------------------------------------------------------------- TVC TEN 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 said Corporation, by unanimous written consent dated August 4, 1998, adopted resolutions proposing and declaring advisable an amendment to part FIRST of the Certificate of Incorporation of said Corporation as follows: RESOLVED, that the Board of Directors of this Corporation hereby declares it advisable that the Certificate of Incorporation of this Corporation be amended to change the name of the Corporation to Columbia Electric Liberty Corporation, the amendment to be effective by deleting part FIRST of said Certificate of Incorporation and inserting in lieu thereof the following: FIRST: The name of the Corporation is Columbia Electric Liberty Corporation. RESOLVED, 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; and RESOLVED, that at any time prior to the filing of the foregoing amendment to the Corporation's Certificate of Incorporation with the Secretary of State of the State of Delaware, notwithstanding authorization of such amendment by the stockholders of the Corporation, the Board of Directors of the Corporation may abandon such amendment without further action by the stockholders of the Corporation; and RESOLVED, that after approval of such amendment 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 amendment to the Corporation's Certificate of Incorporation; and RESOLVED, 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 such other actions as are necessary or appropriate to carry into effect the purposes of the foregoing resolutions. SECOND: That in lieu of a meeting and vote of the stockholders, Columbia Electric Corporation, 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 2 Exhibit 24-A Page 2 of 2 which all shares entitled to vote thereon were present and voted, approved said amendment by written Consent dated as of August 4, 1998 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 by the written consent of the sole stockholder of the Corporation. IN WITNESS WHEREOF, TVC Ten Corporation has caused this Certificate to be signed by Mr. Michael J. Gluckman, its President and Chief Executive Officer, and attested by Mr. Fredric R. Gumbinner, its Assistant Secretary, this 4th day of August, 1998. By: _____________________________________ President and Chief Executive Officer ATTEST:_________________________ Assistant Secretary EX-1.(B) 26 AMENDED & RESTATED OF THE BY-LAWS OF COLUMBIA ENER 1 Exhibit 1-B Page 1 of 21 BY-LAWS Of COLUMBIA ENERGY GROUP --------- ARTICLE I. SEAL. The corporate seal of the Corporation shall consist of a metallic stamp circular in form, bearing in its center the figures "1926" and the words "Incorporated" and "Delaware" and on the outer edge the name of the Corporation. ARTICLE II. OFFICES. The location of the Corporation's principal office shall be in the County of New Castle, State of Delaware. The Corporation may, in addition to its principal office in the State of Delaware, establish and maintain an office or offices in such other states and places as the Board of Directors may from time to time find necessary or desirable. The books, documents, and papers of the Corporation, except as may be otherwise required by the laws of the State of 2 Exhibit 1-B Page 2 of 21 Delaware, may be kept outside of the said State at such places as the Board of Directors may from time to time designate. ARTICLE III. CAPITAL STOCK. Every stockholder shall be entitled to have a certificate, signed by, or in the name of the Corporation by, the Chairman of the Board, the President or a Vice President and the Treasurer or an Assistant Treasurer or the Secretary or an Assistant Secretary of the Corporation, certifying the number of shares owned by him in the Corporation; provided, however, that any such signature on the certificate may be a facsimile. In case any officer or officers, Transfer Agent or Registrar who shall have signed, or whose facsimile signature or signatures shall have been used on any such certificate or certificates shall cease to be such officer or officers of the Corporation, Transfer Agent or Registrar, whether because of death, resignation or otherwise, before such certificate or certificates shall have been delivered by the Corporation, such certificate or certificates may nevertheless be issued and delivered as though the person or persons who signed such certificate or certificates or whose facsimile signature or signatures shall have been used thereon had not ceased to be such officer or officers of the Corporation, Transfer Agent or Registrar. Such certificates shall be transferable on the stock books of the Corporation in person or by attorney, but, except as hereinafter provided in the case of loss, destruction or mutilation of certificates, no transfer of stock shall be entered until the previous certificate, if any, given for the same shall have been surrendered and cancelled. The person in whose name shares of stock stand on the books of the Corporation shall be deemed the owner thereof for all purposes as regards the Corporation. The Board of Directors may make such rules and regulations as it may deem expedient, not inconsistent with these 3 Exhibit 1-B Page 2 of 21 By-Laws, concerning the issue, transfer and registration of certificates for shares of the capital stock of the Corporation. It may appoint one or more Transfer Agents or one or more Registrars or both, and may require all certificates of stock to bear the signature of either or both. In order that the Corporation may determine the stockholders entitled to notice of, or to vote at, a 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 other 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 nor less than ten days before the date of such meeting, nor more than sixty days prior to any other action. If in any case involving the determination of stockholders for any purpose other than notice of or voting at a meeting of stockholders the Board shall not fix such a record date, the record date for determining stockholders for such purpose shall be the close of business on the day on which the Board shall adopt the resolution relating thereto. A determination of stockholders 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 may fix a new record date for the adjourned meeting. In case of loss, destruction or mutilation of any certificate of stock, another may be issued in its place upon proof of such loss, destruction or mutilation and upon the giving to the Corporation of a bond sufficient to indemnify the Corporation, its Transfer Agents and Registrars, against any claim that may be made against it or them on account of the alleged loss or destruction of any such certificate or the issuance of such new certificate; provided, however, that a new certificate may be issued without requiring any bond when, in the judgment of the Board of Directors, it is proper so to do. 4 Exhibit 1-B Page 3 of 21 ARTICLE IV. STOCKHOLDERS' MEETINGS. (a) All meetings of the stockholders shall be held either at the principal office of the Corporation in the State of Delaware, or at such other place, either within or without the State of Delaware as the Board of Directors shall determine. The place at which any given meeting shall be held shall be distinctly specified in the notice of such meeting. (b) The annual meeting of the stockholders of the Corporation, for the election of Directors and for the transaction of such other business as may come before the meeting, shall be held on the second Wednesday in May of each year, at one o'clock in the afternoon, unless such day shall fall on a legal holiday, in which event the annual meeting shall be held on the day following. Such date and time of meeting may be changed by action of the Board of Directors. (c) Special meetings of stockholders of the Corporation may be called only by the Board of Directors pursuant to a resolution adopted by a majority of the total number of authorized directors (whether or not there exist any vacancies in previously authorized directorships at the time any such resolution is presented to the Board for adoption). (d) If the annual meeting of the stockholders be not held as herein prescribed, the election of Directors may be held at any meeting thereafter called pursuant to these By-Laws. 5 Exhibit 1-B Page 4 of 21 (e) Notice of the annual and of all special meetings of the stockholders shall be given each holder of stock of the Corporation having power to vote at such meeting by depositing in the United States mail a written or printed notice of the same not less than ten nor more than sixty days prior to the meeting, with postage prepaid, to each such stockholder of record of the Corporation and addressed to him at his address as registered upon the books of the Corporation. Except in special cases where other provision is made by statute, no publication of any notice of a meeting of stockholders shall be required. Every notice of a meeting of stockholders shall state the place, date and hour of the meeting and, in the case of a special meeting, the purpose or purposes for which the meeting is called. Notice of any meeting of stockholders shall not be required to be given to any stockholder who shall attend such meeting in person or by proxy except a stockholder who shall attend such meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting was not lawfully called or convened. Except where otherwise required by statute for an adjournment exceeding thirty days or if a new record date is fixed for the adjourned meeting, notice of any adjourned meeting of the stockholders of the Corporation shall not be required to be given if the time and place thereof are announced at the meeting which is adjourned. It shall be the duty of the officer who shall have charge of the stock ledger of the Corporation to prepare and make, at least ten days before every meeting of stockholders, a complete list of the stockholders entitled to vote at said meeting, arranged in alphabetical order, showing their addresses of record and the number of shares held by each. 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 days prior to the meeting, either at a place within the city, town or village where the meeting is to be held and which place shall be specified in the notice of the meeting, or, if not so specified, at the place where said meeting is to be held, and the list shall be 6 Exhibit 1-B Page 5 of 21 produced and kept at the time and place of the meeting during the whole time thereof, and subject to the inspection of any stockholder who may be present. (f) The holders of a majority of the stock issued and outstanding and entitled to vote thereat, present in person, or represented by proxy, shall be requisite and shall constitute a quorum at all meetings of the stockholders for the transaction of any business except as otherwise provided by law, by the Certificate of Incorporation or by these By-Laws. If, however, such majority shall not be present or represented at any meeting of the stockholders, the stockholders entitled to vote thereat present in person or by proxy shall have power to adjourn the meeting from time to time. At any such adjourned meeting at which the requisite amount of voting stock shall be represented any business may be transacted which might have been transacted at the meeting as originally called. (g) Any action required or permitted to be taken by the stockholders of the Corporation must be effected at a duly called annual or special meeting of stockholders of the Corporation and may not be effected by any consent in writing by such stockholders. ARTICLE V. BOARD OF DIRECTORS. (a) The management of business and affairs of the Corporation shall be under the direction of a Board of Directors consisting of not less than thirteen (13) or more than eighteen (18) persons, the exact number to be fixed from time to time exclusively by the Board of Directors pursuant to a resolution adopted by a majority of the total number of authorized directors (whether or not there exist any vacancies in previously authorized 7 Exhibit 1-B Page 6 of 21 directorships at the time of any such resolution is presented to the Board for adoption). At the 1986 annual meeting of stockholders, the directors shall be divided into three classes, as nearly equal in number as possible, with the term of office of the first class to expire at the 1987 annual meeting of stockholders, the term of office of the second class to expire at the 1988 annual meeting of stockholders and the term of office of the third class to expire at the 1989 annual meeting of the stockholders. Except as otherwise provided in the Corporation's Certificate of Incorporation, at each annual meeting of the stockholders following such initial classification and election, directors elected to succeed those directors whose terms expire shall be elected for a term of office to expire at the third succeeding annual meeting of the stockholders after their election. (b) Any director of the Corporation may resign at any time by giving written notice thereof to the Corporation. Such resignation shall take effect at the time specified therefor, and unless otherwise specified with respect thereto the acceptance of such resignation shall not be necessary to make it effective. Subject to the rights of the holders of the Preferred Stock to elect directors under specified circumstances, any director, or the entire Board of Directors, may be removed from office at any time, but only for cause and only by the affirmative vote of the holders of at least 80 percent of the combined voting power of all of the then outstanding shares of stock of all classes and series of the Corporation entitled to vote generally (the "Voting Stock"), voting together as a single class (it being understood that, for all purposes of these By-Laws, each share of the Preferred Stock shall have the number of votes granted to it pursuant to the Corporation's Certificate of Incorporation or any designation of terms of any class or series of Preferred Stock made pursuant to the Certificate of Incorporation). The Corporation must notify the director of the grounds of his impending removal and the director shall have an opportunity, at the expense of the Corporation, to present his defense to the 8 Exhibit 1-B Page 7 of 21 stockholders by a statement which accompanies or precedes the Corporation's solicitation of proxies to remove him. The term 'entire Board' as used in these By-Laws means the total number of directors which the Corporation would have if there were no vacancies. (c) Newly created directorships resulting from any increase in the authorized number of directors or any vacancies in the Board of Directors resulting from death, resignation, retirement, disqualification, removal from office or other cause may be filled only by a majority vote of the directors then in office, even though less than a quorum of the Board of Directors, acting at a regular or special meeting. If any applicable provision of the Delaware General Corporation Law expressly confers power on stockholders to fill such a directorship at a special meeting of stockholders, such a directorship may be filled at such a meeting only by the affirmative vote of at least 80 percent of the Voting Stock of the Corporation; provided, however, that when (a) pursuant to the provision of Article Fourth of the Certificate of Incorporation the holders of Preferred Stock have the right, and have exercised such right, to elect directors and (b) The Delaware General Corporation Law expressly confers on stockholders voting rights as aforesaid, if the directorship to be filled had been occupied by a director elected by holders of Common Stock, then such directorship shall be filled by an 80 percent vote as aforesaid, but if such directorship to be filled had been elected by holders of Preferred Stock, then such directorship shall be filled by the majority vote of the holders of Preferred Stock. Any director elected in accordance with the two preceding sentences shall hold office for the remainder of the full term of the directors in which the new directorship was created or the vacancy occurred and until such director's successor shall have been elected and qualified. No decrease in the authorized number of directors constituting the entire Board of Directors shall shorten the term of any incumbent director. 9 Exhibit 1-B Page 8 of 21 (d) Without prejudice to the general powers conferred by subdivision (a) of this Article, the Board of Directors shall have and exercise each and every power granted to them in Article Ninth of the Certificate of Incorporation of the Corporation. (e) Regular meetings of the Board of Directors shall be held at such office or offices, whether within or without the State of Delaware, and at such times as the Board shall from time to time determine. Special meetings of the Board of Directors may be called at any time by the Chief Executive Officer or, if he is incapacitated or unable to call such meetings, by any member of the Board of Directors. Such meetings may take place in the office of the Corporation in the State of Delaware or in such office or offices as the Directors may establish. (f) Except as aforesaid, notice of all special meetings of the Board of Directors shall be given to each Director by five days' service of the same by telegram, or telephone or letter or personally. Notice of any special meeting of the Board of Directors shall state the place and hour of the meeting, but need not state the purposes thereof. Notice of any meeting of the Board or of any Committee need not be given to any Director if waived by him in writing, or by telegraph or cable, whether before or after such meeting be held, or if he shall be present at the meeting; and any meeting of the Board of Directors or of any Committee shall be a legal meeting without any notice thereof having been given, if all the members shall be present thereat. Notice of regular meetings of the Board need not be given. In the absence of written instructions from a Director designating some other address, notice shall be sufficiently given if addressed to him at his usual business address. (g) Except as provided in clause (c) of this Article, one-third of the total number of Directors shall constitute a quorum 10 Exhibit 1-B Page 9 of 21 for the transaction of business at all meetings of the Board of Directors; but less than a quorum may adjourn the meeting. (h) Each Director of the Corporation shall be entitled to receive such fixed sum per meeting of the Board of Directors attended, or such annual sum, or both, as the Board shall from time to time determine, together with his expenses of attendance at such meeting. ARTICLE VI. STANDING COMMITTEES. (a) The Board of Directors shall, by resolution adopted by a majority of the whole Board, designate annually three or more of their number, one of whom shall be the Chief Executive Officer, to constitute an Executive Committee which shall have power to authorize the seal of the Corporation to be affixed to all papers which may require it, and shall have and may exercise in the intervals between the meetings of the Board of Directors the powers of the Board in the management of the business and affairs of the Corporation (including the power and authority to declare a dividend and to authorize the issuance of stock) except the power in reference to amending the Certificate of Incorporation, adopting an agreement of merger or consolidation, recommending to the stockholders the sale, lease or exchange of all or substantially all the Corporation's property and assets, recommending to the stockholders a dissolution of the Corporation or a revocation of a dissolution, or amending the By-Laws of the Corporation. The Executive Committee shall study and report to the Board of Directors on such matters as shall be referred to it by the Board or by the Chairman of the Board or Chief Executive Officer. The Board of Directors may also designate one or more other Directors 11 Exhibit 1-B Page 10 of 21 as alternate members of the Executive Committee, who may replace any absent or disqualified member at any meeting of the Committee. In the absence or disqualification of a member of the 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 Director to act at the meeting in the place of any such absent or disqualified member. Each member of the Executive Committee shall continue to be a member thereof only during the pleasure of a majority of the whole Board. (b) The Board of Directors shall designate the Chairman of the Executive Committee, who may be any member thereof. In the absence from any meeting of the Executive Committee of its Chairman, the Committee may appoint a Chairman of the meeting. At any meeting at which the Executive Committee may exercise its power to act in intervals between the meetings of the Board in the management of the business and affairs of the Corporation, the Secretary of the Corporation shall act as Secretary thereof. In the absence from any such meeting of the Secretary, and at any other meeting of the Committee, the Committee may appoint a Secretary of the meeting. (c) Meetings of the Executive Committee may be called at the request of any member of the Committee. Two days' notice of each meeting of the Executive Committee shall be given by mail, telegraph or telephone or be delivered personally, to each member of the Committee. Notice of any meeting need not be given to any member of the Executive Committee if waived by him in writing or by telegraph or cable, whether before or after such meeting be held, or if he shall be present at the meeting; and any meeting of the Committee shall be a legal meeting without any notice thereof having been given, if all the members of the Committee shall be present thereat. In the absence of written instructions from a member of the Executive Committee designating some other 12 Exhibit 1-B Page 11 of 21 address, notice shall be sufficiently given if addressed to him at his usual business address. Subject to the provisions of this Article VI, the Executive Committee, by resolution of a majority of all of its members, shall fix its own rules of procedure and shall keep a record of its proceedings and report them to the Board of Directors at the next regular meeting thereof after such proceedings shall have been taken. All such proceedings shall be subject to revision or alteration by the Board of Directors; provided, however, that third parties shall not be prejudiced by such revision or alteration. (d) A quorum of the Executive Committee for the transaction of business shall consist of not less than one-third of the total number of members thereof nor less than two members thereof, and the act of a majority of those present at a meeting at which a quorum is present shall be the act of the Executive Committee. Less than a quorum may adjourn a meeting. The members of the Executive Committee shall act only as a committee, and the individual members shall have no power as such. (e) Any member of the Executive Committee may resign at any time by giving written notice to the Chief Executive Officer or to the Secretary of the Corporation. Such resignation shall take effect at the time specified in such notice and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. (f) Any vacancy in the Executive Committee shall be filled by the vote of a majority of the whole Board of Directors. (g) The members of the Executive Committee shall be entitled to receive such fees and compensation as the Board of Directors may determine. 13 Exhibit 1-B Page 12 of 21 (h) The Board of Directors may, by resolution adopted by a majority of the whole Board, also appoint such other standing or temporary committees from time to time as they may see fit, investing them with all or any part of their own powers. All committees shall adopt their own rules of procedure and shall keep regular minutes of their transactions in books kept in the office of the Corporation, and shall report the same to the Board of Directors or to the Executive Committee at the various meetings thereof. ARTICLE VII. OFFICERS. (a) The officers of the Corporation shall be the President, one or more Vice Presidents, the Secretary and the Treasurer, who shall be elected by the Board of Directors, and such additional Assistant Secretaries, Assistant Treasurers, and special subordinate officers as may from time to time be elected or appointed by the Board of Directors or appointed by the Chief Executive Officer. A Chairman of the Board and a Vice Chairman of the Board may be elected by the Board of Directors. The Board shall designate an officer as the Chief Executive Officer. Any two of the above offices, not counting the title of Chief Executive Officer, may be held by the same person. The Chief Executive Officer shall, if present, preside at all meetings of the stockholders and at all meetings of the Board of Directors, provided, however, that if there is a Chairman of the Board who is not the Chief Executive Officer, the Chairman of the Board, if present, shall preside at all meetings of the stockholders and the Board of Directors. The Chief Executive Officer or an 14 Exhibit 1-B Page 13 of 21 officer designated by him shall make a report on the state of the business of the Corporation at each annual meeting of stockholders. From time to time, the Chief Executive Officer or officers designated by him shall report to the stockholders and to the Board of Directors and to the Executive Committee all matters within the knowledge of the Chief Executive Officer which in his judgment the interests of the Corporation may require to be brought to their notice. All of the officers of the Corporation shall hold office for one year and until others are elected or appointed and qualified in their stead, unless in the election or appointment of the officer it shall be specified that he holds his office for a shorter period or subject to the pleasure of the Board of Directors or the Chief Executive Officer. All vacancies in such offices by resignation, death or otherwise may be filled by the Board of Directors. In the case of absence or inability to act of any officer of the Corporation, and of any person herein authorized to act in his place, the Board of Directors may from time to time delegate the powers or duties of such officer to any other officer or any Director or other person whom they may select. (b) The Chief Executive Officer shall have general and active supervision and direction over the business and affairs of the Corporation and over its several officers; subject, however, to the control of the Board of Directors and of the Executive Committee. He shall see that all orders and resolutions of the Board of Directors and of the Executive Committee are carried into effect. He may be ex officio a member of all standing committees of the Board of Directors, and he shall perform such other duties as may be assigned to him from time to time by the Board of Directors or by the Executive Committee. 15 Exhibit 1-B Page 14 of 21 (c) The Chairman or Vice Chairman of the Board, if elected, shall perform such duties as from time to time may be assigned by the Board of Directors or by the Executive Committee. (d) The President and the Vice Presidents shall perform such duties as the Board of Directors shall, from time to time, require. (e) The Treasurer shall keep full and accurate accounts of receipts and disbursements in books belonging to the Corporation, shall deposit all moneys and other valuables in the name and to the credit of the Corporation, in such depositaries as may be directed by the Board of Directors, shall disburse the funds of the Corporation as may be ordered by the Board or the Chief Executive Officer taking proper vouchers therefor, and shall render to the Chief Executive Officer and the Directors whenever they may require it an account of all his transactions as Treasurer and of the financial condition of the Corporation. He shall also perform such other duties as the Board of Directors may from time to time require. If required by the Board of Directors he shall give the Corporation a bond in a form and in a sum with surety satisfactory to the Board of Directors for the faithful performance of the duties of his office and the restoration to the Corporation in the case of his death, resignation or removal from office, of all books, papers, vouchers, money and other property of whatever kind in his possession belonging to the Corporation. At the request of the Treasurer, or in his absence or inability to act, the Assistant Treasurer or, if there be more than one, the Assistant Treasurer designated by the Treasurer, shall perform the duties of the Treasurer and when so acting shall have the powers of and be subject to all the restrictions of the Treasurer. The Assistant Treasurers shall perform such other duties as may from time to time be assigned to them by the Chief Executive Officer, the Treasurer or the Board of Directors. 16 Exhibit 1-B Page 15 of 21 (f) The Secretary shall attend all meetings of the Board of Directors and of the stockholders and act as Clerk thereof and record all votes and the minutes of all proceedings in a book to be kept for that purpose, and shall perform like duties for the standing committees when required. He shall keep in safe custody the seal of the Corporation and, whenever authorized by the Board or the Executive Committee, affix the seal to any instrument requiring the same. He shall see that proper notice is given of all meetings of the stockholders of the Corporation and of the Board of Directors and shall perform such other duties as may be prescribed from time to time by the Board of Directors or the Chief Executive Officer. At the request of the Secretary, or in his absence or inability to act, the Assistant Secretary or, if there be more than one, the Assistant Secretary designated by the Secretary, shall perform the duties of the Secretary and when so acting shall have all the powers of and be subject to all the restrictions of the Secretary. The Assistant Secretaries shall perform such other duties as may from time to time be assigned to them by the Chief Executive Officer, the Secretary or the Board of Directors. (g) Any officer of the Corporation may be removed, either with or without cause, at any time, by resolution adopted by the Board of Directors at a regular meeting or at a special meeting of the Board called for that purpose, by any Committee upon whom such power of removal may be conferred by the Board of Directors or by a superior officer upon whom such power of removal may be conferred by the Board of Directors. ARTICLE VIII. CONTRACTS, CHECKS, NOTES, ETC. 17 Exhibit 1-B Page 16 of 21 (a) All contracts and agreements authorized by the Board of Directors or the Executive Committee, and all checks, drafts, notes, bonds, bills of exchange and orders for the payment of money (including orders for repetitive or non-repetitive electronic funds transfers) shall, unless otherwise directed by the Board of Directors, or unless otherwise required by law, be signed by any two of the following officers: the Chairman of the Board, the President, any Vice President, the Treasurer, the Secretary, any Assistant Treasurer or any Assistant Secretary; provided that in every case at least one such officer shall be the Chairman of the Board, the President, a Vice President, the Treasurer or the Secretary. The Board of Directors may, however, notwithstanding the foregoing provision, by resolution adopted at any meeting, authorize any of said officers to sign checks, drafts and such orders for the payment of money singly and without necessity of countersignature, and may designate officers of the Corporation other than those named above, or different combinations of such officers, who may, in the name of the Corporation, execute checks, drafts, and such orders for the payment of money in its behalf. Further, the Treasurer is authorized to designate to the Corporation's banks, in writing, individuals employed in the Columbia Energy Group Service Corporation Cash Management Department, who need not be officers or employees of the Corporation, to give in the name of the Corporation telephonic, telegraphic, or electronic transfer instructions for the payment of money, which may, with respect to routine items, include instructions as to the amount to be transferred, to any bank, pursuant to previously issued written orders, signed by officers of the Corporation in any manner provided above, which designate the recipients of such amounts and which identify what shall be treated as routine items. (b) Anything in subdivision (a) of this Article VIII to the contrary notwithstanding, the officers of this Corporation may open in the name of the Corporation special accounts appropriately 18 Exhibit 1-B Page 17 of 21 designated in which shall be deposited funds of the Corporation transferred from the Corporation's other accounts by its checks signed in accordance with the requirements of subdivision (a) of this Article VIII, but from which special accounts funds may be disbursed by check, draft, or other instrument of the Corporation designated as drawn against such special account and signed by the single signature of any one of the executive officers of the Corporation authorized by subdivision (a) of this Article VIII to sign checks, drafts and other instruments of the Corporation or signed by the single signature of any other person expressly authorized by the Board to sign checks, drafts and other instruments disbursing funds from such special accounts. (c) Anything in subdivision (a) of this Article VIII to the contrary notwithstanding, (i) bonds, notes, debentures and other evidence of indebtedness of the Corporation issued under an indenture may be executed in the name of the Corporation by the facsimile signature, printed, engraved or otherwise used thereon, of the Chairman of the Board, the President or any Vice President of the Corporation, and the corporate seal affixed thereto or impressed, printed, engraved or otherwise reproduced thereon may be attested by the facsimile signature of the Secretary or an Assistant Secretary of the Corporation, provided that the indenture require the same to be authenticated by the trustee under such indenture, and (ii) interest coupons attached to any such bond, note, debenture or other evidence of indebtedness may be executed on behalf of the Corporation by the facsimile signature of the Treasurer of the Corporation. ARTICLE IX. FISCAL YEAR. 19 Exhibit 1-B Page 18 of 21 The fiscal year of the Corporation shall begin on the first day of January in each year. ARTICLE X. AMENDMENT OF BY LAWS. These By-Laws may be amended, added to, rescinded or repealed at any meeting of the Board of Directors or of the stockholders, provided notice of the proposed change was given in the notice of the meeting or, in the case of a meeting of the Board of Directors, in a notice given not less than two days prior to the meeting; provided, however, that, notwithstanding any other provisions of these By-Laws or any provision of law which might otherwise permit a lesser vote or no vote, but in addition to any affirmative vote of the holders of any particular class or series of the Voting Stock required by law, the Certificate of Incorporation, any class or series of Preferred Stock or these By-Laws, the affirmative vote of at least 80 percent of the total number of authorized directors (whether or not there exist any vacancies in previously authorized directorships at the time any such alteration, amendment or repeal is presented to the Board for adoption), shall be required to alter, amend or repeal Article IV (c), IV (g), V (a), V (b), V (c), and V (g) of these By-Laws or this proviso to this Article X of these By-Laws. ARTICLE XI. NATIONAL EMERGENCY. (a) Definition and Application. For the purposes of this Article XI the term "national emergency" is defined as an emergency situation resulting from an attack upon the United 20 Exhibit 1-B Page 19 of 21 States, a nuclear disaster within the United States, a catastrophe, or other emergency condition, as a result of which attack, disaster, catastrophe or emergency condition a quorum of the Board of Directors cannot readily be convened for action. Persons not directors of the Corporation may conclusively rely upon a determination by the Board of Directors of the Corporation, at a meeting held or purporting to be held pursuant to this Article XII that a national emergency as hereinabove defined exists regardless of the correctness of such determination made or purporting to be made as hereinafter provided. During the existence of a national emergency the provisions of this Article XII shall become operative, but, to the extent not inconsistent with such provisions, the other provisions of these By-Laws shall remain in effect during any national emergency and upon its termination the provisions of this Article XII shall cease to be operative. (b) Meetings, etc. When it is determined in good faith by any director that a national emergency exists, special meetings of the Board of Directors may be called by such director. The director calling any such special meeting shall make a reasonable effort to notify all other directors of the time and place of such special meeting, and such effort shall be deemed to constitute the giving of notice of such special meeting, and every director shall be deemed to have waived any requirement, of law or otherwise, that any other notice of such special meeting be given. At any such special meeting two directors shall constitute a quorum for the transaction of business including, without limiting the generality hereof, the filling of vacancies among directors and officers of the Corporation and the election of additional Vice Presidents, Assistant Secretaries and Assistant Treasurers. The act of a majority of the directors present thereat shall be the act of the Board of Directors. If at any such special meeting of the Board of Directors there shall be only one director present, such director present may adjourn the meeting from time to time until a quorum is obtained, and no further notice thereof need be given of any such adjournment. 21 Exhibit 1-B Page 20 of 21 The directors present at any such special meeting shall make reasonable effort to report any action taken thereat to all absent directors, but failure to give such report shall not affect the validity of the action taken at any such meeting. All directors, officers, employees and agents of, and all persons dealing with, the Corporation, if acting in good faith, may conclusively rely upon any action taken at any such special meeting. (c) Amendment. The Board of Directors shall have the power to alter, amend, or repeal any of these By-Laws by the affirmative vote of at least two-thirds (2/3) of the directors present at any special meeting attended by two (2) or more directors and held in the manner prescribed in (b) of this Article, if it is determined in good faith by said two-thirds (2/3) that such alteration, amendment or repeal would be conducive to the proper direction of the Corporation's affairs. (d) Chief Executive Officer. If, during the existence of a national emergency, the Chief Executive Officer of the Corporation becomes incapacitated, cannot by reasonable effort be located, or otherwise is unable or unavailable to perform the duties of his office, an Executive Vice President of the Corporation, if there be one, is hereby designated as Chief Executive Officer. The Executive Vice President senior in office, if there be more than one, shall so serve. If an Executive Vice President is unable or unavailable to perform the duties of the Chief Executive Officer of the Corporation, the senior available Vice President shall be designated as Chief Executive Officer, such seniority to be determined by the date on which such Vice President was first elected or appointed to such office. If none of the foregoing officers is able or available to perform the duties of the Chief Executive Officer, the next senior available officer of the Corporation is hereby designated as Chief Executive Officer, such seniority to be determined by the date on which he was first elected or appointed to serve. 22 Exhibit 1-B Page 21 of 21 (e) Substitute Directors. To the extent required to constitute a quorum at any meeting of the Board of Directors during a national emergency, the officers of the Corporation who are present shall be deemed, in order of rank of office and within the same rank in order of election or appointment to such office, directors for such meeting. I, Carolyn McKinney Afshar, Secretary of COLUMBIA ENERGY GROUP, hereby certify that the foregoing constitutes a true and correct copy of the By-Laws of said Corporation, effective November 18,1987; and amended and restated as of January 16, 1998, to reflect the change in the Corporation's name. IN WITNESS WHEREOF, I have hereunto set my hand and the seal of said Corporation, this day of -------------------------------- Secretary EX-2.(B) 27 BY-LAWS OF ENERGY.COM CORPORATION DATED JAN.5,1998 1 Exhibit 2-B Page 1 of 13 BYLAWS OF ENERGY.COM CORPORATION ARTICLE I Stockholders Section 1.1. Annual Meetings. An annual meeting of stockholders shall be held for the election of directors at such date, time and place, either within or without the State of Delaware, as may be designated by resolution of the Board of Directors from time to time. Any other proper business may be transacted at the annual meeting. Section 1.2. Special Meetings. Special meetings of stockholders for any purpose or purposes may be called at any time by the Board of Directors, or by a committee of the Board of Directors that has been duly designated by the Board of Directors and whose powers and authority, as expressly provided in a resolution of the Board of Directors, include the power to call such meetings, but such special meetings may not be called by any other person or persons. Section 1.3. Notice of Meetings. Whenever stockholders are required or permitted to take any action at a meeting, a written notice of the meeting shall be given that shall state the place, date and hour of the meeting and, in the case of a special meeting, the purpose or purposes for which the meeting is called. Unless otherwise provided by law, the certificate of incorporation or these bylaws, the written notice of any meeting 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. If mailed, such notice shall be deemed to be given when deposited in the United States mail, postage prepaid, directed to the stockholder at his address as it appears on the records of the corporation. Section 1.4. Adjournments. Any meeting of stockholders, annual or special, may adjourn from time to time to reconvene at the same or some other place, and notice need not be given of any such adjourned meeting if the time and place thereof are announced at the meeting at which the adjournment is taken. At the adjourned meeting the corporation may transact any business which might have been 2 Exhibit 2-B Page 2 of 13 transacted at the original meeting. 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, notice of the adjourned meeting shall be given to each stockholder of record entitled to vote at the meeting. Section 1.5. Quorum. Except as otherwise provided by law, the certificate of incorporation or these bylaws, at each meeting of stockholders the presence in person or by proxy of the holders of a majority in voting power of the outstanding shares of stock entitled to vote at the meeting shall be necessary and sufficient to constitute a quorum. In the absence of a quorum, the stockholders so present may, by majority vote, adjourn the meeting from time to time in the manner provided in Section 1.4 of these bylaws until a quorum shall attend. Shares of its own stock belonging to the corporation or to another corporation, if a majority of the shares entitled to vote in the election of directors of such other corporation is held, directly or indirectly, by the corporation, shall neither be entitled to vote nor be counted for quorum purposes; provided, however, that the foregoing shall not limit the right of the corporation or any subsidiary of the corporation to vote stock, including but not limited to its own stock, held by it in a fiduciary capacity. Section 1.6. Organization. Meetings of stockholders shall be presided over by the Chairman of the Board, if any, or in his absence by the Vice Chairman of the Board, if any, or in his absence by the Chief Executive Officer, or in his absence by a Vice President, or in the absence of the foregoing persons by a chairman designated by the Board of Directors, or in the absence of such designation by a chairman chosen at the meeting. The Secretary shall act as secretary of the meeting, but in his absence the person presiding over the meeting may appoint any person to act as secretary of the meeting. The person presiding over the meeting shall announce at the meeting of stockholders the date and time of the opening and the closing of the polls for each matter upon which the stockholders will vote. Section 1.7. Voting; Proxies. Except as otherwise provided by the certificate of incorporation, each stockholder entitled to vote at any meeting of stockholders shall be entitled to one (1) vote for each share of stock held by him which has voting power upon the matter in question. Each stockholder entitled to vote at a meeting of stockholders or to express consent or dissent to corporate action in writing without a meeting may authorize another person or persons to act for him by proxy, but no such proxy shall be voted or acted upon after three (3) years from its date, unless the proxy provides for a longer period. A proxy shall be irrevocable if it states that it is irrevocable and if, and only as long as, it is coupled with 3 Exhibit 2-B Page 3 of 13 an interest sufficient in law to support an irrevocable power. A stockholder may revoke any proxy which is not irrevocable by attending the meeting and voting in person or by filing with the Secretary of the corporation an instrument in writing revoking the proxy or by delivering a proxy in accordance with applicable law bearing a later date to the Secretary of the corporation. Voting at meetings of stockholders need not be by written ballot. At all meetings of stockholders for the election of directors a plurality of the votes cast shall be sufficient to elect. All other elections and questions shall, unless otherwise provided by law, the certificate of incorporation or these bylaws, be decided by the affirmative vote of the holders of a majority in voting power of the shares of stock which are present in person or by proxy and entitled to vote thereon. Section 1.8. Fixing Date for Determination of Stockholders of Record. 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 a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors, and which record date: (i) in the case of determination of stockholders entitled to vote at any meeting of stockholders or adjournment thereof, shall, unless otherwise required by law, not be more than sixty (60) nor less than ten (10) days before the date of such meeting; (ii) in the case of determination of stockholders entitled to express consent to corporate action in writing without a meeting, shall not be more than ten (10) days from the date upon which the resolution fixing the record date is adopted by the Board of Directors; and (iii) in the case of determination of stockholders for the purpose of any other lawful action, shall not be more than sixty (60) days prior to such other action. If no record date is fixed: (iv) the record date for determining stockholders entitled to notice of or to vote at a meeting of stockholders shall be at the close of business on the day next preceding the day on which notice is given, or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held; (v) the record date for determining stockholders entitled to express consent to corporate action in writing without a meeting, when no prior action of the Board of Directors is required by law, shall be the first date on which a signed written consent setting forth the action taken or proposed to be taken is delivered to the corporation in accordance with applicable law, or, if prior action by the Board of Directors is required by law, shall 4 Exhibit 2-B Page 4 of 13 be at the close of business on the day on which the Board of Directors adopts the resolution taking such prior action; and (vi) the record date for determining stockholders for the purpose of any other lawful action, shall be at the close of business on the day on which the Board of Directors adopts the resolution relating thereto. 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 1.9. List of Stockholders Entitled to Vote. The Secretary shall prepare and make, at least ten (10) 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. Upon the willful neglect or refusal of the directors to produce such a list at any meeting for the election of directors, they shall be ineligible for election to any office at such meeting. Except as otherwise provided by law, the stock ledger shall be the only evidence as to who are the stockholders entitled (i) to examine the stock ledger, the list of stockholders entitled to vote at the meeting or the books of the corporation, (ii) to vote in person or by proxy at any meeting of stockholders, or (iii) to express consent or dissent to corporate action in writing without a meeting. Section 1.10. Action By Consent of Stockholders. Unless otherwise restricted by the certificate of incorporation, any action required or permitted to be taken at any annual or special meeting of the stockholders may be taken without a meeting, without prior notice and without a vote, if a consent or consents 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 and shall be delivered (by hand or by certified or registered mail, return receipt requested) to the corporation by delivery to its registered office in the State of Delaware, its principal place of business, or an officer or agent of the corporation having custody of the book in which minutes of proceedings of 5 Exhibit 2-B Page 5 of 13 meetings of stockholders are recorded. 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. Section 1.11. Inspectors of Election. The corporation may, and shall if required by law, in advance of any meeting of stockholders, appoint one (1) or more inspectors of election, who may be employees of the corporation, to act at the meeting or any adjournment thereof and to make a written report thereof. The corporation may designate one (1) or more persons as alternate inspectors to replace any inspector who fails to act. In the event that no inspector so appointed or designated is able to act at a meeting of the stockholders, the person presiding at the meeting shall appoint one (1) or more inspectors to act at the meeting. Each inspector, before entering upon the discharge of his or her duties, shall take and sign an oath to execute faithfully the duties of inspector with strict impartiality and according to the best of his or her ability. The inspector or inspectors so appointed or designated shall (i) ascertain the number of shares of capital stock of the corporation outstanding and the voting power of each such share, (ii) determine the shares of capital stock of the corporation represented at the meeting and the validity of proxies and ballots, (iii) count all votes and ballots, (iv) determine and retain for a reasonable period a record of the disposition of any challenges made to any determination by the inspectors, and (v) certify their determination of the number of shares of capital stock of the corporation represented at the meeting and such inspector's or inspectors' count of all votes and ballots. Such certification and report shall specify such other information as may be required by law. In determining validity and counting of proxies and ballots cast at any meeting of stockholders of the corporation, the inspectors may consider such information as is permitted by applicable law. No person who is a candidate for an office at an election may serve as an inspector at such election. Section 1.12. Conduct of Meetings. The Board of Directors of the corporation may adopt by resolution such rules and regulations for the conduct of the meeting of stockholders as it shall deem appropriate. Except to the extent inconsistent with such rules and regulations as adopted by the Board of Directors, the person presiding over any meeting of stockholders shall have the right and authority to prescribe such rules, regulations and procedures and to do all such acts as, in the judgment of such person, are appropriate for the proper conduct of the meeting. Such rules, regulations or procedures, whether adopted by the Board of Directors or prescribed by the person presiding over the meeting, may include, without limitation, the following: (i) the establishment of an 6 Exhibit 2-B Page 6 of 13 agenda or order of business for the meeting; (ii) rules and procedures for maintaining order at the meeting and the safety of those present; (iii) limitations on attendance at or participation in the meeting to stockholders of record of the corporation, their duly authorized and constituted proxies or such other persons as the person presiding over the meeting shall determine; (iv) restrictions on entry to the meeting after the time fixed for the commencement thereof; and (v) limitations on the time allotted to questions or comments by participants. Unless and to the extent determined by the Board of Directors or the person presiding over the meeting, meetings of stockholders shall not be required to be held in accordance with the rules of parliamentary procedure. ARTICLE II Board of Directors Section 2.1. Number; Qualifications. The Board of Directors shall consist of one (1) or more members. The number of members comprising the Board of Directors initially shall be the number of persons named as directors in the certificate of incorporation (or if no person is so named, the number of persons elected by the Incorporator). The number of members comprising the Board of Directors thereafter shall be determined from time to time by resolution of the Board of Directors. Directors need not be stockholders. Section 2.2. Election; Resignation; Removal; Vacancies. The Board of Directors initially shall consist of the person or persons named as Directors in the certificate of incorporation (or, if no person is so named, the person or persons elected by the Incorporator), and each director so elected shall hold office until his successor is elected and qualified or until his earlier death, resignation, or removal. At the first annual meeting of stockholders and at each annual meeting thereafter, the stockholders shall elect directors each of whom shall hold office until his successor is elected and qualified or until his earlier death, resignation, or removal. Any director may resign at any time upon written notice to the corporation. Any newly created directorship or any vacancy occurring in the Board of Directors for any cause may be filled by a majority of the remaining members of the Board of Directors, although such majority is less than a quorum, or by a plurality of the votes cast at a meeting of stockholders, and each director so elected shall hold office until the expiration of the term of office of the director whom he has replaced, or until his successor is elected and qualified, or until his earlier death, resignation, or removal. 7 Exhibit 2-B Page 7 of 13 Section 2.3. Regular Meetings. Regular meetings of the Board of Directors may be held at such places within or without the State of Delaware and at such times as the Board of Directors may from time to time determine, and if so determined notices thereof need not be given. Section 2.4. Special Meetings. Special meetings of the Board of Directors may be held at any time or place within or without the State of Delaware whenever called by the Chief Executive Officer, President, any Vice President, the Secretary, or by any member of the Board of Directors. Notice of a special meeting of the Board of Directors shall be given by the person or persons calling the meeting at least twenty-four (24) hours before the special meeting. Section 2.5. Telephonic Meetings Permitted. Members of the Board of Directors, or any committee designated by the Board of Directors, may participate in a meeting thereof by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other, and participation in a meeting pursuant to this bylaw shall constitute presence in person at such meeting. Section 2.6. Quorum; Vote Required for Action. At all meetings of the Board of Directors a majority of the whole Board of Directors shall constitute a quorum for the transaction of business. Except in cases in which the certificate of incorporation, these bylaws or applicable law otherwise provides, the vote of a majority of the directors present at a meeting at which a quorum is present shall be the act of the Board of Directors. Section 2.7. Organization. Meetings of the Board of Directors shall be presided over by the Chairman of the Board, if any, or in his absence by the Vice Chairman of the Board, if any, or in his absence by the Chief Executive Officer, or in the absence of the foregoing persons by a chairman chosen at the meeting. The Secretary shall act as secretary of the meeting, but in his absence the person presiding over the meeting may appoint any person to act as secretary of the meeting. Section 2.8. Informal Action by Directors. Unless otherwise 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 such 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. 8 Exhibit 2-B Page 8 of 13 ARTICLE III Committees Section 3.1. Committees. The Board of Directors may, by resolution passed by a majority of the whole Board of Directors, designate one (1) or more committees, each committee to consist of one (1) or more of the directors of the corporation. The Board of Directors may designate one (1) 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 the 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 place of any such absent or disqualified member. Any such committee, to the extent permitted by law and 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. Section 3.2. Committee Rules. Unless the Board of Directors otherwise provides, each committee designated by the Board of Directors may make, alter and repeal rules for the conduct of its business. In the absence of such rules each committee shall conduct its business in the same manner as the Board of Directors conducts its business pursuant to Article II of these bylaws. ARTICLE IV Officers Section 4.1. Executive Officers; Election; Qualifications; Term of Office; Resignation; Removal; Vacancies. The Board of Directors shall elect a Chief Executive Officer, a President and a Secretary, and it may, if it so determines, choose a Chairman of the Board and a Vice Chairman of the Board from among its members. The Board of Directors may also choose one (1) or more Vice Presidents, one (1) or more Assistant Secretaries, a Treasurer and one (1) or more Assistant Treasurers. Each such officer shall hold office until the first meeting of the Board of Directors after the annual meeting of stockholders next succeeding his election, and until his successor is elected and qualified or until his earlier death, resignation, or removal. Any officer may resign at any time upon written notice to the corporation. The Board of Directors may remove any officer with or without cause at any time, but 9 Exhibit 2-B Page 9 of 13 such removal shall be without prejudice to the contractual rights of such officer, if any, with the corporation. Any number of offices may be held by the same person. Any vacancy occurring in any office of the corporation by death, resignation, removal, or otherwise may be filled for the unexpired portion of the term by the Board of Directors at any regular or special meeting. Section 4.2. Powers and Duties of Executive Officers. (i) Chief Executive Officer. Subject to the provisions of the certificate of incorporation, these bylaws, and the direction of the Board of Directors, the Chief Executive Officer shall have the responsibility for the general management and control of the business and affairs of the corporation and shall perform all duties and have all powers which are commonly incident to the office of chief executive or which are delegated to him or her by the Board of Directors. The Chief Executive Officer shall have power to execute in the name of the corporation all contracts, agreements, deeds, bonds, mortgages, and other obligations and instruments of the corporation which are authorized, and to affix the corporate seal thereto. The Chief Executive Officer shall have general supervision and direction of all of the other officers, employees, and agents of the corporation. (ii) President. The President shall have such powers and perform such duties as the Board of Directors may from time to time prescribe. (iii) Vice President. Each Vice President, if any, shall have such powers and perform such duties as the Board of Directors may from time to time prescribe. The Vice President (if only one (1) Vice President is chosen by the Board) or one (1) Vice President designated by the Board (if two (2) or more Vice Presidents are chosen by the Board of Directors) shall perform the duties and exercise the powers of the President in the event of the President's absence or disability. (iv) Treasurer. The Treasurer, if any, shall have the responsibility for maintaining the financial records of the corporation. The Treasurer shall make such disbursements of the funds of the corporation as are authorized and shall render from time to time an account of all such transactions and of the financial condition of the corporation. The Treasurer shall have such other powers and perform such other duties as the Board of Directors may from time to time prescribe. (v) Secretary. The Secretary shall issue all 10 Exhibit 2-B Page 10 of 13 authorized notices for, and shall keep minutes of, all meetings of the stockholders and of the Board of Directors. The Secretary shall have charge of the corporate books and seal, shall have the power to affix the corporate seal to documents duly executed by any officer, and to attest to such affixation and execution, and shall have such other powers and perform such other duties as the Board of Directors may from time to time prescribe. (vi) Assistant Secretary and Assistant Treasurer. Each Assistant Secretary, if any, and each Assistant Treasurer, if any, shall have such powers and perform such duties as the Board of Directors may from time to time prescribe. (vii) Delegation of Authority. The Board of Directors may from time to time delegate the powers or duties of any officer to any other officers or agents, notwithstanding any provision hereof. ARTICLE V Stock Section 5.1. Certificates. Every holder of stock shall be entitled to have a certificate signed by or in the name of the corporation by the Chairman or Vice Chairman of the Board of Directors, if any, or the Chief Executive Officer, the President or a Vice President, and by the Treasurer or an Assistant Treasurer, or 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 a 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 5.2. Lost, Stolen or Destroyed Stock Certificates; Issuance of New Certificates. The corporation may issue a new certificate of stock in the place of any certificate theretofore issued by it, alleged to have been lost, stolen or destroyed, and the corporation may require the owner of the lost, stolen or destroyed certificate, or his legal representative, to give the corporation a bond sufficient to indemnify it against any claim that may be made against it on account of the alleged loss, theft or destruction of any such certificate or the issuance of such new certificate. 11 Exhibit 2-B Page 11 of 13 ARTICLE VI Indemnification Section 6.1. Right to Indemnification. The corporation shall indemnify and hold harmless, to the fullest extent permitted by applicable law as it presently exists or may hereafter be amended, any person who was or is made or is threatened to be made a party or is otherwise involved in any threatened, pending, or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (a "proceeding") by reason of the fact that he, or a person for whom he is the legal representative, is or was a director or officer of the corporation or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation or of a partnership, joint venture, trust, other enterprise or non-profit entity, including service with respect to employee benefit plans (an "indemnitee"), against all liability and loss suffered and expenses (including attorneys' fees) reasonably incurred by such indemnitee. The corporation shall be required to indemnify an indemnitee in connection with a proceeding (or part thereof) initiated by such indemnitee only if the initiation of such proceeding (or part thereof) by the indemnitee was authorized by the Board of Directors of the corporation. Section 6.2. Advancement of Expenses. The corporation shall pay the expenses (including attorneys' fees) incurred by an indemnitee in defending any proceeding referred to in Section 6.1 in advance of its final disposition; provided, however, that the payment of expenses incurred by an indemnitee in advance of the final disposition of such proceeding shall be made only upon receipt of an undertaking by the indemnitee to repay all amounts advanced if it should ultimately be determined that the indemnitee is not entitled to be indemnified under this Article or otherwise. Section 6.3. Claims. If a claim for indemnification or advancement of expenses under this Article is not paid in full within sixty (60) days after a written claim therefor by the indemnitee has been received by the corporation, the indemnitee may file suit to recover the unpaid amount of such claim and, if successful in whole or in part, shall be entitled to be paid the expense of prosecuting such claim. In any such action the corporation shall have the burden of proving that the indemnitee was not entitled to the requested indemnification or advancement of expenses. 12 Exhibit 2-B Page 12 of 13 Section 6.4. Non-Exclusivity of Rights. The rights conferred on any person by this Article shall not be exclusive of any other rights which such person may have or hereafter acquire under any statute, provision of the certificate of incorporation, these bylaws, agreement, vote of stockholders or disinterested directors or otherwise. Section 6.5. Other Indemnification. The corporation's obligation, if any, to indemnify any person who was or is serving at its request as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, enterprise or non-profit entity shall be reduced by any amount such person may collect as indemnification from such other corporation, partnership, joint venture, trust, enterprise or non-profit entity. Section 6.6. Amendment or Repeal. Any repeal or modification of the foregoing provisions of this Article shall not adversely affect any right or protection hereunder of any person in respect of any act or omission occurring prior to the time of such repeal or modification. ARTICLE VII Miscellaneous Section 7.1. Fiscal Year. The fiscal year of the corporation shall be determined by resolution of the Board of Directors. Section 7.2. Seal. The corporate seal shall be in such form as may be approved from time to time by the Board of Directors. Section 7.3. Waiver of Notice of Meetings of Stockholders, Directors and Committees. Any written waiver of notice, signed by the person entitled to notice, whether before or after the time stated therein, shall be deemed equivalent to notice. Attendance of a person at a meeting shall constitute a waiver of notice of such meeting, except when the person attends a meeting for the express purpose of objecting, at the beginning of the meeting, 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 stockholders, directors, or members of a committee of directors need be specified in any written waiver of notice. Section 7.4. Interested Directors; Quorum. No contract or transaction between the corporation and one (1) or more of its directors or officers, or between the corporation and any other corporation, partnership, 13 Exhibit 2-B Page 13 of 13 association, or other organization in which one (1) or more of its directors or officers are directors or officers, or have a financial interest, shall be void or voidable solely for this reason, or solely because the director or officer is present at or participates in the meeting of the Board of Directors or committee thereof which authorizes the contract or transaction, or solely because his or their votes are counted for such purpose, if: (i) the material facts as to his relationship or interest and as to the contract or transaction are disclosed or are known to the Board of Directors or the committee, and the Board of Directors or committee in good faith authorizes the contract or transaction by the affirmative votes of a majority of the disinterested directors, even though the disinterested directors be less than a quorum; or (ii) the material facts as to his relationship or interest and as to the contract or transaction are disclosed or are known to the stockholders entitled to vote thereon, and the contract or transaction is specifically approved in good faith by vote of the stockholders; or (iii) the contract or transaction is fair as to the corporation as of the time it is authorized, approved or ratified, by the Board of Directors, a committee thereof, or the stockholders. Common or interested directors may be counted in determining the presence of a quorum at a meeting of the Board of Directors or of a committee which authorizes the contract or transaction. Section 7.5. Form of Records. Any records maintained by the corporation in the regular course of its business, including its stock ledger, books of account, and minute books, may be kept on, or be in the form of, punch cards, magnetic tape, photographs, microphotographs, or any other information storage device, provided that the records so kept can be converted into clearly legible form within a reasonable time. Section 7.6. Amendment of Bylaws. These bylaws may be altered or repealed, and new bylaws made, by the Board of Directors to the extent permitted by the certificate of incorporation, but the stockholders may make additional bylaws and may alter and repeal any bylaws whether adopted by them or otherwise. Date of Adoption: January 5, 1998 EX-3.(B) 28 CODE OF REGULATIONS OF COLUMBIA ASSURANCE AGENCY 1 Exhibit 3-B Page 1 of 13 CODE OF REGULATIONS OF COLUMBIA ASSURANCE AGENCY, INC. ARTICLE I MEETING OF SHAREHOLDERS Section 1.01 - Annual Meetings. (a) An annual meeting of shareholders, for the election of directors, for the consideration of any reports, and for the transaction of such other business as may be brought before the meeting, shall be held on the first Monday of June or on such other date as may be designated by the Board of Directors. (b) If the annual meeting is not held or if directors are not elected at the meeting, the directors may be elected at any special meeting called and held for that purpose. Section 1.02 - Special Meetings. (a) A special meeting of shareholders may be called (i) by the President; or (ii) by any other officer or assistant officer then authorized pursuant to this Code of Regulations or otherwise by the Board of Directors to call such meetings; or (iii) by a majority of the members of the Board of Directors acting with or without a meeting; or (iv) by any persons holding twenty-five percent (25%) or more of the shares then outstanding and entitled to vote at a meeting of shareholders. (b) Upon the request in writing being delivered to the President or to the Secretary by any person or persons entitled to call a meeting of shareholders, the person to whom the request is delivered shall give notice to shareholders of the meeting. If the request is refused, the person or persons making the request may call a meeting of shareholders by giving notice in the manner hereinafter provided in Section 1.04. Section 1.03 - Place of Meetings. (a) The annual and all other meetings of the shareholders shall be held at such places as may from time to time be designated by the Board of Directors. 2 Exhibit 3-B Page 2 of 13 (b) If another place has not been designated by the Board of Directors, all meetings shall be held at the principal office of the Corporation. Section 1.04 - Notice of Meetings. (a) Each shareholder shall furnish the Secretary with an address to which notices of meetings and other notices or correspondence may be addressed. (b) Written notices of the time and place of any meeting of shareholders shall be given to each shareholder of record entitled to vote at such meeting by the President or by the Secretary or, in the event of their failure to do so, by the person or persons entitled to call such meeting. (c) Except as otherwise required by the laws of the State of Ohio, notice of any meeting of shareholders shall be given not more than sixty (60) days nor less than seven (7) days before the day upon which the meeting is to be held, by serving the notice personally upon each shareholder or by mailing the same to the address of each shareholder as last shown upon the records of the Corporation. (d) Except as otherwise required by the laws of the State of Ohio, no publication of any notice of any meeting of shareholders shall be required. (e) In the event of any transfer of shares after notice has been given, but prior to the day upon which the meeting is to be held, it shall not be necessary to give any additional notice to the transferee. (f) In addition to stating the time and the place of the meeting, every notice of a special meeting of shareholders shall state briefly the purpose specified by the person or persons calling such meeting. Any business other than that stated in the notice shall be taken up at such meeting only with the unanimous written consent of the holders of all the shares entitled to vote at such meeting. Section 1.05 - Waiver of Notice of Meeting. (a) Any shareholder may, either before or after any meeting, waive any notice required to be given by law or under this Code of Regulations. Notice of any meeting of shareholders shall not be required to be given to any shareholder who attends such meeting either in person or by proxy. (b) Any waiver of notice must be in writing and filed with or entered upon the records of the Corporation. 3 Exhibit 3-B Page 3 of 13 Section 1.06 - Quorum. (a) Those shareholders present in person or by proxy, entitled to exercise a majority of the voting power shall constitute a quorum for any meeting of shareholders. (b) In the event of an absence of a quorum at any meeting or at any adjournment thereof, a majority of those present in person or by proxy and entitled to vote may adjourn such meeting from time to time. At any adjourned meeting at which a quorum may be present, any business may be transacted which might have been transacted at the meeting as originally called. Section 1.07 - Action Without Meeting. Any action which may be authorized or taken at a meeting of shareholders, may be taken without a meeting if authorized by a writing signed by all shareholders who would be entitled to notice of a meeting called for such purpose. Section 1.08 - Organization. Upon the request of any shareholder at any annual meeting of shareholders, the order of business shall be, unless changed by affirmative vote of a majority of the shareholders present in person or by proxy, as follows: (i) Roll call, to establish a quorum. (ii) Appointment of inspectors of election if requested. (iii) Acceptance of minutes of previous meeting. (iv) Presentation of annual financial report. (v) Presentation of reports of directors and committees. (vi) Presentation of officers' reports. (vii) Election of Board of Directors. (viii) Consideration of unfinished business. (ix) Consideration of new business. Section 1.09 - Voting. (a) Each shareholder of any class of the Corporation entitled to vote on any matter shall be entitled in person or by proxy to one vote on each matter for each share registered in the shareholder's name on the books of the Corporation. 4 Exhibit 3-B Page 4 of 13 (b) Persons holding voting shares in a fiduciary capacity shall be entitled to vote the shares so held. Persons voting pledged shares shall be entitled to vote such shares unless the pledgee shall have been expressly empowered by the shareholder to vote such shares in which case only the pledgee or his proxy may vote such share. Section 1.10 - Proxies. (a) At any meeting of shareholders, any person who is entitled to attend, or to vote thereat, and to execute consents, waivers or releases, may be represented at such meeting or vote thereat, and execute consents, waivers, and releases, and exercise any of his other rights, by proxy or proxies appointed by writing signed by such person. (b) Voting by proxy or proxies shall be governed by all of the provisions of the laws of the State of Ohio, including the provisions relating to the sufficiency of the writing, the duration of the validity of the proxy or proxies, and the power of substitution and revocation. ARTICLE II BOARD OF DIRECTORS Section 2.01 - General Powers. The powers of the Corporation shall be exercised, its business and affairs conducted, and its property managed under the direction of the Board of Directors, except as otherwise provided by the laws of the State of Ohio, by the Articles of Incorporation, or by this Code of Regulations. Section 2.02 - Bylaws. The Board of Directors may adopt bylaws to govern its own proceedings and its transactions of business, as well as the administration of the Corporation, the conduct of the Corporation's business and other affairs, management of the Corporation's property, and any other matters properly within the authority or discretion of the Board of Directors so long as consistent with the laws of the State of Ohio, the Articles of Incorporation, and the Code of Regulations. Section 2.03 - Number. (a) The Board of Directors shall consist of five (5) directors. 5 Exhibit 3-B Page 5 of 13 (b) Without amendment of this Code of Regulations, the number of directors may be fixed or changed by resolution adopted by the shareholders at any meeting. (c) No reduction of the number of directors shall have the effect of removing any director prior to the expiration of his or her term of office. Section 2.04 - Classification and Term. (a) Unless the Board of Directors is divided into classes as provided in this Code of Regulations, the term of office of each director shall be until adjournment of the next succeeding annual meeting of shareholders, or an action in lieu thereof, at which directors are elected or until a successor is elected as director. (b) Without amendment of this Code of Regulations, the Board of Directors may be divided, by resolution of the shareholders, into two (2) or three (3) classes with each class to consist of three (3) or such larger number of directors as the shareholders shall from time to time determine. Each class shall be designated consecutively as Class I, Class II, and Class III, if any. All classes shall be initially elected at the annual meeting of shareholders coinciding with or next following adoption of the resolution classifying the Board of Directors, and the initial term of office of each class shall be as follows: Class I shall be until the first such succeeding annual meeting; Class II shall be until the second such succeeding annual meeting; and Class III, if any, shall be until the third such succeeding annual meeting. Thereafter, the term of office of each class shall be until the second, or, if three (3) classes, the third annual meeting at which directors are elected after the initial term of that class. Each director of each class shall hold office until a successor is elected as director. Section 2.05 - Notice of Meeting. (a) Written notice of the time and place of each meeting of the Board of Directors shall be given to each director either by personal delivery, or by mail, telegram, facsimile, or cable at least two (2) days before each meeting. (b) Any director may waive notice of the time and place of any meeting of the Board of Directors, either before or after the holding of the meeting. Section 2.06 - Place of and Quorum and Manner of Acting at Meetings. (a) Unless another place is designated by the Board of Directors, the place of all meetings shall be the principal office of the Corporation; provided, 6 Exhibit 3-B Page 6 of 13 however, that any meeting may be held by telephone or through other communications equipment if all directors participating can hear each other. (b) Except as otherwise provided in this Code of Regulations, a majority of the number of directors shall be present in person at any meeting of the Board of Directors in order to constitute a quorum for the transaction of business at such meeting; provided that if the meeting is held by telephone or through other communications equipment at which all directors participating can hear each other, such participation shall constitute attendance at such meeting. (c) Except as otherwise provided in this Code of Regulations, the act of the majority of the directors present at any meeting of the Board of Directors at which a quorum is present shall be the act of the Board of Directors. (d) In the absence of a quorum at any meeting of the Board of Directors, a majority of those present may adjourn the meeting from time to time until a quorum shall be present and notice of any adjourned meeting need not be given. Section 2.07 - Resignations. (a) Any director of the corporation may resign at any time by giving written notice to the President or Secretary of the Corporation. (b) A resignation shall take effect at the time specified therein, and, unless otherwise specified therein, shall become effective upon delivery. The acceptance of any resignation shall not be necessary to make it effective unless so specified in the resignation. Section 2.08 - Removal of Directors. (a) Any director may be removed, with or without cause, at any time by the affirmative vote of a majority of the outstanding shares then held of record by the shareholders of the Corporation entitled to vote at a special meeting of the shareholders called for that purpose. (b) Any vacancy in the Board of Directors caused by any removal may be filled by the shareholders at the same meeting. Section 2.09 - Vacancies. Shareholders entitled to elect directors shall have a right to fill any vacancy in the Board of Directors at any special meeting of shareholders 7 Exhibit 3-B Page 7 of 13 called for that purpose or at any annual meeting. Any director so elected by the shareholders to fill a vacancy shall serve for the remaining term of the vacant office and until a successor is elected and qualified. ARTICLE III EXECUTIVE AND OTHER COMMITTEES Section 3.01 - Creation. (a) The Board of Directors may create an Executive Committee or any other committee of directors consisting of not less than two (2) directors, and may delegate to each such committee any of the authority of the Board of Directors other than the filling of vacancies on the Board of Directors or in any committee of directors. (b) Each such committee shall serve at the pleasure of the Directors, shall act only in the intervals between meetings of the Directors, and shall be subject to the control and direction of the Directors. Section 3.02 - Alternate and Ex Officio Members. (a) The Board of Directors may appoint one or more Directors as alternate members of any committee, which alternate member or members may take the place of any absent member or members at any meeting of such committee. (b) The Board of Directors may appoint any one or more persons (including persons who are not directors) as ex officio members of any committee, which ex officio member or members shall be entitled to be present in person, to present matters for consideration and to take part in consideration of any business by the committee at any meeting of the committee, but which ex officio member or members shall not be counted for purposes of a quorum nor for purposes of voting or otherwise in any way for purposes of authorizing any act or other transaction of business by such committee. Section 3.03 - Authority and Manner of Acting. (a) Unless otherwise provided in this Code of Regulations or in the Bylaws or unless otherwise ordered by the Board of Directors, any such committee may act by majority of its members (excluding ex officio members) at a meeting or by a writing or writings signed by all of its members (excluding ex officio members). 8 Exhibit 3-B Page 8 of 13 (b) Any act or authorization of an act or transaction of business by any such committee within the authority delegated to it shall be as effective for all purposes as the act or authorization of the Board of Directors. ARTICLE IV OFFICERS Section 4.01 - Officers. (a) The officers shall be a President, a Treasurer and a Secretary and such Vice Presidents and other officers or assistant officers as the Board of Directors may from time to time deem necessary and appoint. In addition, the Board of Directors may elect a Chairman from among themselves. More than one office may be held by the same person, but only a director may serve as Chairman. Section 4.02 - Appointment and Term of Office. The officers of the Corporation shall be appointed from time to time by the Board of Directors as it shall determine, and new offices may be created and filled at any meeting of the Board of Directors. Each officer shall hold office until his successor shall have been appointed. Section 4.03 - Resignation. (a) Any officer or assistant officer may resign at any time by giving written notice to the Board of Directors or the Chairman, if any, or to the President or Secretary of the Corporation. (b) A resignation shall take effect at the time specified therein, and, unless otherwise specified therein, shall become effective upon delivery. The acceptance of such resignation shall not be necessary to make it effective unless so specified in the resignation. Section 4.04 - Removal. Any officer or assistant officer may be removed by the Board of Directors with or without cause whenever in its judgment the best interests of the corporation would be served thereby. Section 4.05 - Duties of Officers. (a) The Chairman, if any, shall preside at all meetings of shareholders and all meetings of the Board of Directors. 9 Exhibit 3-B Page 9 of 13 (b) The President shall be the chief executive officer of the Corporation, and shall, in the absence of a Chairman, preside at all meetings of shareholders and, unless another person is designated by the Board of Directors, all meetings of the Board of Directors. (c) Each of the following officers -- the Chairman, if any, the President, any Vice President, the Secretary, and the Controller-Treasurer -- jointly or any one of them individually, shall have the authority to sign, execute and deliver in the name of the Corporation any deed, mortgage, bond, instrument, agreement, or other document evidencing any transaction authorized by the Board of Directors, except where the signing or execution thereof shall have been expressly delegated to another officer or person on the Corporation's behalf. (d) In the absence of any officer or assistant officer or for any other reason which the Board of Directors may deem sufficient, the Board of Directors may delegate the authorities and duties of any officer, or any assistant officer to any other officer, assistant officer, or to any director. (e) In addition to the foregoing, each officer or assistant officer shall perform all duties as may from time to time be delegated to each of them by this Code of Regulations or by the Board of Directors or any committee of directors as provided herein. ARTICLE V TRANSFER OF SHARES Section 5.01 - Certificate for Shares. (a) Every owner of any share of any class of the Corporation shall be entitled to a certificate which shall be in such form as the Board of Directors shall prescribe, certifying the number of shares in the Corporation owned by him. (b) The certificates for the respective classes of shares shall be numbered in the order in which they shall be issued and shall be signed in the name of the Corporation by the Chairman of the Board or the President and by the Secretary or the Treasurer. (c) A record shall be kept by the Secretary of the name of each person owning the shares represented by each certificate, the number of shares represented thereby, the date thereof and, in case of cancellation, the date of cancellation. 10 Exhibit 3-B Page 10 of 13 (d) Every certificate surrendered to the Corporation for exchange or transfer shall be canceled and no new certificate or certificates shall be issued in exchange for any existing certificate until the existing certificate shall have been so canceled, except in the cases provided for in Section 5.03. Section 5.02 - Transfers. (a) Transfer of shares in the Corporation shall be made only on the books of the Corporation by the registered holder, an executor or administrator or other legal representative of the registered holder, or by an attorney authorized by a power of attorney duly executed and filed with the Secretary of the Corporation or with a transfer agent appointed by the Board of Directors. (b) The person in whose name shares stand on the books of the Corporation shall, to the full extent permitted by the laws of the State of Ohio, be deemed the owner thereof for all purposes. Section 5.03 - Lost, Stolen, or Destroyed Certificates. (a) The holder of any shares in the Corporation shall immediately notify the Secretary of any lost, stolen or destroyed certificate, and the Corporation may issue a new certificate in the place of any certificate alleged to have been lost, stolen, or destroyed. (b) The Board of Directors may, at its discretion, require the owner of a lost, stolen, or destroyed certificate or his legal representative to give the Corporation a bond on such terms and with such sureties as it may direct, to indemnify the Corporation against any claim that may be made against it on account of the alleged lost, stolen, or destroyed certificate. (c) The Board of Directors may, however, at its discretion, refuse to issue any such new certificate except pursuant to legal proceedings in accordance with Section 1701.24 or other applicable sections of the Ohio Revised Code. Section 5.04 - Record Date. (a) The Board of Directors may, by resolution, fix in advance a date, not exceeding sixty (60) days preceding the date of any meeting of shareholders or the date for the payment of any dividend, or the date for the allotment of rights, or the date when any change or conversion or exchange of shares shall go into effect, as a record date for the determination of the shareholders entitled to notice of, and to vote at, any such meeting, or entitled to receive payment of any such dividend or to 11 Exhibit 3-B Page 11 of 13 any such allotment or rights, or to exercise the rights in respect to any such change, conversion, or exchange. (b) Only such shareholders of record on the date so fixed shall be entitled to receive notice of, and to vote at such meeting, or to receive payment of such dividend, or to receive such allotment or rights, or to exercise such rights, as the case may be, notwithstanding any transfer of any share on the books of the Corporation after such record date. ARTICLE VI INDEMNIFICATION AND INSURANCE Section 6.01 - Indemnification. (a) Directors and Officers. To the fullest extent not prohibited by applicable law, the Corporation shall indemnify each person against any and all costs and expenses (including attorney fees, judgments, fines, penalties, amounts paid in settlement, and other disbursements) actually and reasonably incurred by or imposed upon such person in connection with any action, suit, investigation, or proceeding (or any claim or other matter therein), whether civil, criminal, administrative, or otherwise in nature, including any settlements thereof or any appeals therein, with respect to which such person is named or otherwise becomes or is threatened to be made a party by reason of being or at any time having been a director or officer of the Corporation, or by reason of being or at any time having been, while such a director or officer, an employee or other agent of the Corporation or, at the direction or request of the Corporation, a director, trustee, officer, administrator, manager, employee, member, advisor, or other agent of or fiduciary for any other corporation, partnership, trust, venture, or other entity or enterprise including any employee benefit plan. (b) Employees and agents. The Corporation shall indemnify any other person to the extent such person shall be entitled to indemnification under the laws of the State of Ohio by reason of being successful on the merits or otherwise in defense of an action to which such person is named a party by reason of being an employee or other agent of the Corporation, and the Corporation may further indemnify any such person if it is determined on a case by case basis by the Board of Directors that indemnification in the specific case is warranted. (c) General. Notwithstanding anything to the contrary in this Code of Regulations, no person shall be indemnified to the extent, if any, it is determined by the Board of Directors or by written opinion of legal counsel 12 Exhibit 3-B Page 12 of 13 designated by the Board of Directors for such purpose that indemnification is contrary to applicable law. Section 6.02 - Insurance. The Corporation may, as the Board of Directors may direct, purchase and maintain such insurance on behalf of any person who is or at any time has been a director, officer, employee, or other agent of or in a similar capacity with the Corporation, or who is or at any time has been, at the direction or request of the Corporation, a director, trustee, officer, administrator, manager, employee, member, advisor, or other agent of or fiduciary for any other corporation, partnership, trust, venture, or other entity or enterprise including any employee benefit plan against any liability asserted against and incurred by such person. ARTICLE VII MISCELLANEOUS Section 7.01 - Corporate Seal. The corporate seal shall have inscribed thereon the name of the corporation, and the words "Corporate Seal 1997 Ohio". The seal may be used by causing it or a facsimile thereof to be impressed or affixed or reproduced or otherwise. Section 7.02 - Checks All checks, drafts, notes, bills of exchange and orders for the payment of money (including orders for repetitive or non-repetitive electronic funds transfers) shall, unless otherwise directed by the Board of Directors, or unless required by law, be signed by any two of the following officers: the President, any Vice President, the Secretary or any Assistant Secretary; provided that in every case at least one such officer shall be the President, a Vice President or the Secretary. The Board of Directors may, however, notwithstanding the foregoing provision, by resolution adopted at any meeting, authorize any of said officers or any employee of the Corporation so designated by the Board of Directors of the Corporation to sign, checks, drafts, and such orders for the payment of money singly and without necessity of countersignature, and may designate officers of the Corporation other than those named above or any employee of the Corporation so designated by the Board of Directors of the Corporation, or different combinations of such officers or any employee of the Corporation so designated by the Board of Directors of the Corporation, who may, in the name of the Corporation, execute checks, drafts, and such orders for 13 Exhibit 3-B Page 13 of 13 the payment of money on its behalf. Further, the President is authorized to designate to the Corporation's banks, in writing, individuals employed in the Columbia Gas System Service Corporation Cash Management Department, who need not be officers or employees of the Corporation to give in the name of the Corporation telephonic, telegraphic, or electronic transfer instructions for the payment of money, which may, with respect to routine items, include instructions as to the amount to be transferred, to any bank, pursuant to previously issued written orders, signed by officers of the Corporation or by any employee of the Corporation so designated by the Board of Directors of the Corporation in any manner provided above, which designate the recipients of such amounts and which identify what shall be treated as routine items. Section 7.03 - Amendment. This Code of Regulations may be amended in whole or part by the affirmative vote at a meeting or by the written consent without a meeting of the holders of record of shares entitling them to exercise a majority of the voting power of the Corporation. Section 7.04 - Close Corporation Agreement. Any provision of this Code of Regulations which at any time conflicts with the provision of any agreement which is a close corporation agreement, within the meaning of section 1701.01(X), Ohio Revised Code, that is in effect with respect to this Corporation at such time shall be deemed superseded by that provision of the close corporation agreement, and in the event of any such conflict, this Code of Regulations and the close corporation agreement shall be construed to give effect to the provisions of the close corporation agreement to the extent not inconsistent with section 1701.591, Ohio Revised Code. EX-4.(B) 29 BY-LAWS OF COLUMBIA PIPELINE CORPORATION 1 Exhibit 4-B Page 1 of 31 COLUMBIA PIPELINE CORPORATION ***** BYLAWS ***** ARTICLE I OFFICES Section 1. The registered office shall be in the City of Wilmington, County of New Castle, State of Delaware. Section 2. The Corporation may also have offices at such other places both within and without the State of Delaware as 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. 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, 2 Exhibit 4-B Page 2 of 31 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 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 elect by a plurality vote a Board of Directors, and transact such other business as may properly be brought before the meeting. Section 3. 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 nor more than sixty days before the date of the meeting. Section 4. 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 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 3 Exhibit 4-B Page 3 of 31 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 of the stockholders, for any purpose or purposes, unless otherwise prescribed by statute or by 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. Section 6. Written notice of a special meeting stating the place, date, and hour of the meeting and the purpose or purposes for which the meeting is called, shall be given not less than ten nor more than sixty days before the date of the meeting, to each stockholder entitled to vote at such meeting. Section 7. Business transacted at any special meeting of the stockholders shall be limited to the purposes stated in the notice. Section 8. 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 4 Exhibit 4-B Page 4 of 31 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 thereat, 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 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. Section 9. 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 10. 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 no 5 Exhibit 4-B Page 5 of 31 proxy shall be voted on after eleven months from its date, unless the proxy provides for a longer period. Section 11. 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 actions 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. 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 successor is elected and qualified. Directors need not be stockholders. 6 Exhibit 4-B Page 6 of 31 Section 2. 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 so chosen shall hold office until the next annual election or until their successors are duly elected and shall quality, 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. The business of the Corporation shall be managed by its 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. MEETINGS OF THE BOARD OF DIRECTORS Section 4. The Board of Directors of the Corporation may hold meetings, both regular and special, either within or without the State of Delaware. Section 5. 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 a quorum 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 7 Exhibit 4-B Page 7 of 31 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. Section 6. 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. Section 7. Special meetings of the Board may be called by the president, the secretary, or any assistant secretary on six hours' notice to each director, 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 8. At all meetings of the Board, a majority of the directors shall constitute a quorum for the transaction of business, 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. 8 Exhibit 4-B Page 8 of 31 Section 9. Unless otherwise 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 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 or committee. Section 10. Unless otherwise 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. COMMITTEES OF DIRECTORS Section 11. The Board of Directors may, by resolution passed by a majority of the whole Board, designate one or more committees, each committee to consist of one 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. In the absence or disqualification of a member of a committee, the member or 9 Exhibit 4-B Page 9 of 31 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 amending the Certificate of Incorporation, adopting an agreement of merger or consolidation, recommending to the stockholders the sale, lease, or exchange of all or substantially all of the Corporation's property and assets, recommending to the stockholders a dissolution of the Corporation or a revocation of a dissolution, or amending the Bylaws of the Corporation, declare a dividend, to authorize the issuance of stock, or fill vacancies on the Board of Directors or any committee. 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. Section 12. Each committee shall keep regular minutes of its meetings and report the same to the Board of Directors. COMPENSATION OF DIRECTORS Section 13. Unless otherwise restricted by the Certificate of Incorporation or these Bylaws, the Board of Directors shall have the authority to fix the compensation of directors. The 10 Exhibit 4-B Page 10 of 31 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 and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings. ARTICLE IV NOTICES Section 1. 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 to directors may also be given by telegram, data facsimile, or other similar method of transmitting a written communication. Section 2. Whenever any notice is required to be given under the provisions of applicable statute or of the Certificate of Incorporation or of these Bylaws, a waiver thereof in 11 Exhibit 4-B Page 11 of 31 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. The officers of the Corporation shall be chosen by the Board of Directors and shall be a president and a secretary. The Board of Directors may also choose vice-presidents, a treasurer, a controller, and one or more assistant secretaries and assistant treasurers, and assistant controllers and such other officers as it deems necessary from time to time. Any number of offices may be held by the same person, unless the Certificate of Incorporation or these Bylaws otherwise provide. Section 2. The Board of Directors at its first meeting after each annual meeting of stockholders shall choose a president and a secretary. Section 3. The Board of Directors may appoint such other officers and agents as it shall deem necessary who shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the Board. Section 4. The salaries of all officers and agents of the Corporation shall be fixed by the Board of Directors. 12 Exhibit 4-B Page 12 of 31 Section 5. 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 affirmative vote of a majority of the Board of Directors. Any vacancy occurring in any office of the Corporation shall be filled by the Board of Directors. THE PRESIDENT AND VICE PRESIDENTS Section 6. 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. Section 7. 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. Section 8. 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. 13 Exhibit 4-B Page 13 of 31 THE SECRETARY AND ASSISTANT SECRETARIES Section 9. 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 shall perform like duties for the standing committees when required. He 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 shall be. He shall have custody of the corporate seal of the Corporation and he, 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 his signature or by the signature of such 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 his signature. Section 10. 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 his inability or refusal to act, perform the duties and exercise the powers of the secretary 14 Exhibit 4-B Page 14 of 31 and shall perform such other duties and have such other powers as the Board of Directors may from time to time prescribe. THE TREASURER AND ASSISTANT TREASURERS Section 11. The treasurer or, as directed by the Board of Directors, one or more assistant treasurers 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. Section 12. The treasurer or, as directed by the Board of Directors, one or more assistant treasurers 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 his/their transactions as treasurer/ assistant treasurer. Section 13. If required by the Board of Directors, the treasurer or an assistant treasurer shall give the Corporation a bond (which shall be renewed every six 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 15 Exhibit 4-B Page 15 of 31 and other property of whatever kind in their possession or under their control belonging to the Corporation. Section 14. The assistant treasurer, or if there shall be more than one, the assistant treasurers 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 or in the event of his inability or refusal to act, perform the duties and exercise the powers of the treasurer and shall perform such other duties and have such other powers as the Board of Directors may from time to time prescribe. THE CONTROLLER AND ASSISTANT CONTROLLER Section 15. The controller, or as directed by the Board of Directors, one or more assistant controllers, shall maintain adequate records of all assets, liabilities, and transactions of the Corporation, ensure that the financial results of operations are properly recorded and that adequate audits thereof are currently and regularly made; and, in conjunction with other officers, initiate and enforce measures and procedures whereby the business of the Corporation shall be conducted with the maximum safety, efficiency, and economy. The controller or an assistant controller shall report to the president and/or the Board of Directors at its regular meetings on the financial results of the Corporation's operations. The controller shall have such other duties as the Board of Directors may designate from time to time. 16 Exhibit 4-B Page 16 of 31 ARTICLE VI CERTIFICATES OF STOCK Section 1. Every holder of stock in the Corporation shall be entitled to have a certificate, signed by, or in the name of the Corporation, by the president or the vice president, or the secretary or an assistant secretary of the Corporation, certifying the number of shares owned by him in the Corporation. Section 2. 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. LOST CERTIFICATES Section 3. 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 17 Exhibit 4-B Page 17 of 31 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. TRANSFERS OF STOCK Section 4. 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. FIXING RECORD DATE Section 5. 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 nor less than ten days before the date of such meeting, nor more than sixty days prior to any 18 Exhibit 4-B Page 18 of 31 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. REGISTERED STOCKHOLDERS Section 6. 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 Delaware. 19 Exhibit 4-B Page 19 of 31 ARTICLE VII GENERAL PROVISIONS DIVIDENDS Section 1. 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, 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. Section 2. 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. CHECKS Section 3. All checks, drafts, notes, bills of exchange, and orders for the payment of money (including orders for repetitive or non-repetitive electronic funds transfers) shall, unless otherwise directed by the Board of Directors, or unless required by law, be signed by any two of the following officers: the President, any Vice President, the Secretary, any Assistant Secretary, 20 Exhibit 4-B Page 20 of 31 the Treasurer, or any Assistant Treasurer; provided that in every case at least one such officer shall be the President, a Vice President Treasurer or the Secretary. The Board of Directors may, however, notwithstanding the foregoing provision, by resolution adopted at any meeting, authorize any of said officers or any employee of the Corporation so designated by the Board of Directors of the Corporation to sign, checks, drafts, and such orders for the payment of money singly and without necessity of countersignature, and may designate officers of the Corporation other than those named above or any employee of the Corporation so designated by the Board of Directors of the Corporation, or different combinations of such officers or any employee of the Corporation so designated by the Board of Directors of the Corporation, who may, in the name of the Corporation, execute checks, drafts, and such orders for the payment of money on its behalf. Further, the President is authorized to designate to the Corporation's banks, in writing, individuals employed in the Columbia Energy Group Service Corporation Cash Management Department, who need not be officers or employees of the Corporation to give in the name of the Corporation telephonic, telegraphic, or electronic transfer instructions for the payment of money, which may, with respect to routine items, include instructions as to the amount to be transferred, to any bank, pursuant to previously issued written orders, signed by officers of the Corporation or by any employee of the Corporation so designated by the Board of Directors of the Corporation in any manner provided above, which designate the recipients of such amounts and which identify what shall be treated as routine items. FISCAL YEAR 21 Exhibit 4-B Page 21 of 31 Section 4. 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. SEAL Section 5. 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 may be used by causing it or a facsimile thereof to be impressed or affixed or reproduced or otherwise. ARTICLE VIII INDEMNIFICATION (a) Right to Indemnification. The Corporation shall to the fullest extent permitted by applicable law as then in effect indemnify 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 22 Exhibit 4-B Page 22 of 31 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 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. (b) 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 (a) of this Article VIII or incurred by an Indemnitee in connection with any proceeding referred to in Section (a) of this Article VIII, 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 other means in furtherance of the provisions of this Article VIII to ensure the payment of such amounts as may be necessary to effect indemnification as provided in this Article VIII. (c) 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 VIII shall inure to the benefit of the heirs and legal representatives of any person entitled to indemnity under this Article VIII and 23 Exhibit 4-B Page 23 of 31 shall be applicable to Proceedings commenced or continuing after the adoption of this Article VIII, whether arising from acts or omissions occurring before or after such adoption. (d) 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 VIII: (1) Advance of Expenses. All reasonable expenses incurred by or on behalf of the Indemnitee in connection with any Proceeding shall be advanced to the Indemnitee by the Corporation within 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 VIII. (2) Procedure for Determination of Entitlement to Indemnification. 24 Exhibit 4-B Page 24 of 31 (i) To obtain indemnification under this Article VIII, 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 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 VIII shall be determined in one of the following ways: (A) by a majority vote of the Disinterested Directors (as hereinafter defined), even if they constitute less than 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 quorum of the Board of Directors consisting of Disinterested Directors is not obtainable or, even if obtainable, a majority of such Disinterested Directors so directs; (C) by the stockholders of the Corporation (but only if 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 (d)(3). 25 Exhibit 4-B Page 25 of 31 (iii) In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section (d)(2)(ii), 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. (iv) The only basis upon which a finding of no entitlement to indemnification may be made is that indemnification is prohibited by law. (3) Presumptions and Effect of Certain Proceedings. Except as otherwise expressly provided in this Article VIII, if a Change of Control shall have occurred, the Indemnitee shall be presumed to be entitled to indemnification under this Article VIII upon submission of a request for indemnification together with the Supporting Documentation in accordance with Section (d)(2)(i), 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 (d)(2) to determine entitlement to indemnification shall not have been appointed or shall not have made a determination within 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 (A) the Indemnitee misrepresented or failed to disclose a material fact in 26 Exhibit 4-B Page 26 of 31 making the request for indemnification or in the Supporting Documentation or (B) such indemnification is prohibited by law. The termination of any Proceeding described in Section (a), 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. (4) Remedies of Indemnitee. (i) In the event that a determination is made pursuant to Section (d)(2) or (3) that the Indemnitee is not entitled to indemnification under this Article VIII, (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 VIII. 27 Exhibit 4-B Page 27 of 31 (ii) If pursuant to Section (d)(2) or (3) 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 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 (d)(l), or (Y) payment of indemnification is not made within five days after a determination of entitlement to indemnification has been made or deemed to have been made pursuant to Section (d)(2) or (3), 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. (iii) The Corporation shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section (d)(4) that the procedures and presumptions of 28 Exhibit 4-B Page 28 of 31 this Article VIII 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 VIII. (iv) In the event that pursuant to this Section (d)(4) the Indemnitee seeks a judicial adjudication of or an award in arbitration to enforce his rights under, or to recover damages for breach of this Article VIII, 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. (5) Definitions. For purposes of this Section (d): (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 Act by virtue or his, hers or its influence over the management or policies of the Corporation, or (B) whether or not said 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 29 Exhibit 4-B Page 29 of 31 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) 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 10 percent 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 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. 30 Exhibit 4-B Page 30 of 31 (iii) "Independent Counsel" means a law firm or a member of a law firm that neither presently is, nor in the past five 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 VIII. 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 VIII. (e) Severability. If any provision or provisions of this Article VIII 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 VIII (including, without limitation, all portions of any paragraph of this Article VIII 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 VIII (including, without limitation, all portions of any paragraph of this Article VIII 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. 31 Exhibit 4-B Page 31 of 31 (f) 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 IX AMENDMENTS Section 1. 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. EX-5.(B) 30 BY-LAWS OF COLUMBIA DEEP WATER SERVICES COMPANY 1 Exhibit 5-B Page 1 of 12 BYLAWS OF COLUMBIA DEEP WATER SERVICES COMPANY ARTICLE I Stockholders Section 1.1. Annual Meetings. An annual meeting of stockholders shall be held for the election of directors at such date, time and place, either within or without the State of Delaware, as may be designated by resolution of the Board of Directors from time to time. Any other proper business may be transacted at the annual meeting. Section 1.2. Special Meetings. Special meetings of stockholders for any purpose or purposes may be called at any time by the Board of Directors, or by a committee of the Board of Directors that has been duly designated by the Board of Directors and whose powers and authority, as expressly provided in a resolution of the Board of Directors, include the power to call such meetings, but such special meetings may not be called by any other person or persons. Section 1.3. Notice of Meetings. Whenever stockholders are required or permitted to take any action at a meeting, a written notice of the meeting shall be given that shall state the place, date and hour of the meeting and, in the case of a special meeting, the purpose or purposes for which the meeting is called. Unless otherwise provided by law, the certificate of incorporation or these bylaws, the written notice of any meeting 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. If mailed, such notice shall be deemed to be given when deposited in the United States mail, postage prepaid, directed to the stockholder at his address as it appears on the records of the corporation. Section 1.4. Adjournments. Any meeting of stockholders, annual or special, may adjourn from time to time to reconvene at the same or some other place, and notice need not be given of any such adjourned meeting if the time and place thereof are announced at the meeting at which the adjournment is taken. At the adjourned meeting the corporation may transact any business which might have been transacted at the original meeting. If the adjournment is 2 Exhibit 5-B Page 2 of 12 for more than thirty (30) days, or if after the adjournment a new record date is fixed for the adjourned meeting, notice of the adjourned meeting shall be given to each stockholder of record entitled to vote at the meeting. Section 1.5. Quorum. Except as otherwise provided by law, the certificate of incorporation or these bylaws, at each meeting of stockholders the presence in person or by proxy of the holders of a majority in voting power of the outstanding shares of stock entitled to vote at the meeting shall be necessary and sufficient to constitute a quorum. In the absence of a quorum, the stockholders so present may, by majority vote, adjourn the meeting from time to time in the manner provided in Section 1.4 of these bylaws until a quorum shall attend. Shares of its own stock belonging to the corporation or to another corporation, if a majority of the shares entitled to vote in the election of directors of such other corporation is held, directly or indirectly, by the corporation, shall neither be entitled to vote nor be counted for quorum purposes; provided, however, that the foregoing shall not limit the right of the corporation or any subsidiary of the corporation to vote stock, including but not limited to its own stock, held by it in a fiduciary capacity. Section 1.6. Organization. Meetings of stockholders shall be presided over by the Chairman of the Board, if any, or in his absence by the Vice Chairman of the Board, if any, or in his absence by the President, or in his absence by a Vice President, or in the absence of the foregoing persons by a chairman designated by the Board of Directors, or in the absence of such designation by a chairman chosen at the meeting. The Secretary shall act as secretary of the meeting, but in his absence the person presiding over the meeting may appoint any person to act as secretary of the meeting. The person presiding over the meeting shall announce at the meeting of stockholders the date and time of the opening and the closing of the polls for each matter upon which the stockholders will vote. Section 1.7. Voting; Proxies. Except as otherwise provided by the certificate of incorporation, each stockholder entitled to vote at any meeting of stockholders shall be entitled to one (1) vote for each share of stock held by him which has voting power upon the matter in question. Each stockholder entitled to vote at a meeting of stockholders or to express consent or dissent to corporate action in writing without a meeting may authorize another person or persons to act for him by proxy, but no such proxy shall be voted or acted upon after three (3) years from its date, unless the proxy provides for a longer period. A proxy shall be irrevocable if it states that it is irrevocable and if, and only as long as, it is coupled with an interest sufficient in law to support an irrevocable power. A stockholder may revoke any proxy which is not irrevocable by attending the meeting and voting in person or by filing with the Secretary of the corporation an instrument in writing revoking the proxy or by delivering a proxy in accordance with applicable law bearing a later date to the Secretary of the 3 Exhibit 5-B Page 3 of 12 corporation. Voting at meetings of stockholders need not be by written ballot. At all meetings of stockholders for the election of directors a plurality of the votes cast shall be sufficient to elect. All other elections and questions shall, unless otherwise provided by law, the certificate of incorporation or these bylaws, be decided by the affirmative vote of the holders of a majority in voting power of the shares of stock which are present in person or by proxy and entitled to vote thereon. Section 1.8. Fixing Date for Determination of Stockholders of Record. 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 a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors, and which record date: (i) in the case of determination of stockholders entitled to vote at any meeting of stockholders or adjournment thereof, shall, unless otherwise required by law, not be more than sixty (60) nor less than ten (10) days before the date of such meeting; (ii) in the case of determination of stockholders entitled to express consent to corporate action in writing without a meeting, shall not be more than ten (10) days from the date upon which the resolution fixing the record date is adopted by the Board of Directors; and (iii) in the case of determination of stockholders for the purpose of any other lawful action, shall not be more than sixty (60) days prior to such other action. If no record date is fixed: (iv) the record date for determining stockholders entitled to notice of or to vote at a meeting of stockholders shall be at the close of business on the day next preceding the day on which notice is given, or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held; (v) the record date for determining stockholders entitled to express consent to corporate action in writing without a meeting, when no prior action of the Board of Directors is required by law, shall be the first date on which a signed written consent setting forth the action taken or proposed to be taken is delivered to the corporation in accordance with applicable law, or, if prior action by the Board of Directors is required by law, shall be at the close of business on the day on which the Board of Directors adopts the resolution taking such prior action; and (vi) the record date for determining stockholders for the purpose of any other lawful action, shall be at the close of business on the day on which the Board of Directors adopts the resolution relating thereto. 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. 4 Exhibit 5-B Page 4 of 12 Section 1.9. List of Stockholders Entitled to Vote. The Secretary shall prepare and make, at least ten (10) 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. Upon the willful neglect or refusal of the directors to produce such a list at any meeting for the election of directors, they shall be ineligible for election to any office at such meeting. Except as otherwise provided by law, the stock ledger shall be the only evidence as to who are the stockholders entitled (i) to examine the stock ledger, the list of stockholders entitled to vote at the meeting or the books of the corporation, (ii) to vote in person or by proxy at any meeting of stockholders, or (iii) to express consent or dissent to corporate action in writing without a meeting. Section 1.10. Action By Consent of Stockholders. Unless otherwise restricted by the certificate of incorporation, any action required or permitted to be taken at any annual or special meeting of the stockholders may be taken without a meeting, without prior notice and without a vote, if a consent or consents 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 and shall be delivered (by hand or by certified or registered mail, return receipt requested) to the corporation by delivery to its registered office in the State of Delaware, its principal place of business, or an officer or agent of the corporation having custody of the book in which minutes of proceedings of meetings of stockholders are recorded. 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. Section 1.11. Inspectors of Election. The corporation may, and shall if required by law, in advance of any meeting of stockholders, appoint one (1) or more inspectors of election, who may be employees of the corporation, to act at the meeting or any adjournment thereof and to make a written report thereof. The corporation may designate one (1) or more persons as alternate inspectors to replace any inspector who fails to act. In the event that no inspector so appointed or designated is able to act at a meeting of the stockholders, the person presiding at the meeting shall appoint one (1) or more inspectors to act at 5 Exhibit 5-B Page 5 of 12 the meeting. Each inspector, before entering upon the discharge of his or her duties, shall take and sign an oath to execute faithfully the duties of inspector with strict impartiality and according to the best of his or her ability. The inspector or inspectors so appointed or designated shall (i) ascertain the number of shares of capital stock of the corporation outstanding and the voting power of each such share, (ii) determine the shares of capital stock of the corporation represented at the meeting and the validity of proxies and ballots, (iii) count all votes and ballots, (iv) determine and retain for a reasonable period a record of the disposition of any challenges made to any determination by the inspectors, and (v) certify their determination of the number of shares of capital stock of the corporation represented at the meeting and such inspector's or inspectors' count of all votes and ballots. Such certification and report shall specify such other information as may be required by law. In determining validity and counting of proxies and ballots cast at any meeting of stockholders of the corporation, the inspectors may consider such information as is permitted by applicable law. No person who is a candidate for an office at an election may serve as an inspector at such election. Section 1.12. Conduct of Meetings. The Board of Directors of the corporation may adopt by resolution such rules and regulations for the conduct of the meeting of stockholders as it shall deem appropriate. Except to the extent inconsistent with such rules and regulations as adopted by the Board of Directors, the person presiding over any meeting of stockholders shall have the right and authority to prescribe such rules, regulations and procedures and to do all such acts as, in the judgment of such person, are appropriate for the proper conduct of the meeting. Such rules, regulations or procedures, whether adopted by the Board of Directors or prescribed by the person presiding over the meeting, may include, without limitation, the following: (i) the establishment of an agenda or order of business for the meeting; (ii) rules and procedures for maintaining order at the meeting and the safety of those present; (iii) limitations on attendance at or participation in the meeting to stockholders of record of the corporation, their duly authorized and constituted proxies or such other persons as the person presiding over the meeting shall determine; (iv) restrictions on entry to the meeting after the time fixed for the commencement thereof; and (v) limitations on the time allotted to questions or comments by participants. Unless and to the extent determined by the Board of Directors or the person presiding over the meeting, meetings of stockholders shall not be required to be held in accordance with the rules of parliamentary procedure. 6 Exhibit 5-B Page 6 of 12 ARTICLE II Board of Directors Section 2.1. Number; Qualifications. The Board of Directors shall consist of one (1) or more members. The number of members comprising the Board of Directors initially shall be the number of persons named as directors in the certificate of incorporation (or if no person is so named, the number of persons elected by the Incorporator). The number of members comprising the Board of Directors thereafter shall be determined from time to time by resolution of the Board of Directors. Directors need not be stockholders. Section 2.2. Election; Resignation; Removal; Vacancies. The Board of Directors initially shall consist of the person or persons named as Directors in the certificate of incorporation (or, if no person is so named, the person or persons elected by the Incorporator), and each director so elected shall hold office until his successor is elected and qualified or until his earlier death, resignation, or removal. At the first annual meeting of stockholders and at each annual meeting thereafter, the stockholders shall elect directors each of whom shall hold office until his successor is elected and qualified or until his earlier death, resignation, or removal. Any director may resign at any time upon written notice to the corporation. Any newly created directorship or any vacancy occurring in the Board of Directors for any cause may be filled by a majority of the remaining members of the Board of Directors, although such majority is less than a quorum, or by a plurality of the votes cast at a meeting of stockholders, and each director so elected shall hold office until the expiration of the term of office of the director whom he has replaced, or until his successor is elected and qualified, or until his earlier death, resignation, or removal. Section 2.3. Regular Meetings. Regular meetings of the Board of Directors may be held at such places within or without the State of Delaware and at such times as the Board of Directors may from time to time determine, and if so determined notices thereof need not be given. Section 2.4. Special Meetings. Special meetings of the Board of Directors may be held at any time or place within or without the State of Delaware whenever called by the President, any Vice President, the Secretary, or by any member of the Board of Directors. Notice of a special meeting of the Board of Directors shall be given by the person or persons calling the meeting at least twenty-four (24) hours before the special meeting. Section 2.5. Telephonic Meetings Permitted. Members of the Board 7 Exhibit 5-B Page 7 of 12 of Directors, or any committee designated by the Board of Directors, may participate in a meeting thereof by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other, and participation in a meeting pursuant to this bylaw shall constitute presence in person at such meeting. Section 2.6. Quorum; Vote Required for Action. At all meetings of the Board of Directors a majority of the whole Board of Directors shall constitute a quorum for the transaction of business. Except in cases in which the certificate of incorporation, these bylaws or applicable law otherwise provides, the vote of a majority of the directors present at a meeting at which a quorum is present shall be the act of the Board of Directors. Section 2.7. Organization. Meetings of the Board of Directors shall be presided over by the Chairman of the Board, if any, or in his absence by the Vice Chairman of the Board, if any, or in his absence by the President, or in the absence of the foregoing persons by a chairman chosen at the meeting. The Secretary shall act as secretary of the meeting, but in his absence the person presiding over the meeting may appoint any person to act as secretary of the meeting. Section 2.8. Informal Action by Directors. Unless otherwise 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 such 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. ARTICLE III Committees Section 3.1. Committees. The Board of Directors may, by resolution passed by a majority of the whole Board of Directors, designate one (1) or more committees, each committee to consist of one (1) or more of the directors of the corporation. The Board of Directors may designate one (1) 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 the 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 place of any such absent or disqualified member. Any such committee, to the extent permitted by law and to 8 Exhibit 5-B Page 8 of 12 he 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. Section 3.2. Committee Rules. Unless the Board of Directors otherwise provides, each committee designated by the Board of Directors may make, alter and repeal rules for the conduct of its business. In the absence of such rules each committee shall conduct its business in the same manner as the Board of Directors conducts its business pursuant to Article II of these bylaws. ARTICLE IV Officers Section 4.1. Executive Officers; Election; Qualifications; Term of Office; Resignation; Removal; Vacancies. The Board of Directors shall elect a President and Secretary, and it may, if it so determines, choose a Chairman of the Board and a Vice Chairman of the Board from among its members. The Board of Directors may also choose one (1) or more Vice Presidents, one (1) or more Assistant Secretaries, a Treasurer and one (1) or more Assistant Treasurers. Each such officer shall hold office until the first meeting of the Board of Directors after the annual meeting of stockholders next succeeding his election, and until his successor is elected and qualified or until his earlier death, resignation, or removal. Any officer may resign at any time upon written notice to the corporation. The Board of Directors may remove any officer with or without cause at any time, but such removal shall be without prejudice to the contractual rights of such officer, if any, with the corporation. Any number of offices may be held by the same person. Any vacancy occurring in any office of the corporation by death, resignation, removal, or otherwise may be filled for the unexpired portion of the term by the Board of Directors at any regular or special meeting. Section 4.2. Powers and Duties of Executive Officers. (i) President. The President shall be the chief executive officer of the corporation. Subject to the provisions of the certificate of incorporation, these bylaws, and the direction of the Board of Directors, the President shall have the responsibility for the general management and control of the business and affairs of the corporation and shall perform all duties and have all powers which are commonly incident to the office of chief executive or which are delegated to him or her by the Board of Directors. The President shall have power to execute in the name of the corporation all contracts, agreements, deeds, bonds, mortgages, and other obligations and instruments of the corporation which are authorized, and to affix the corporate seal thereto. The President shall have general supervision and direction of all of the other officers, employees, and agents of 9 Exhibit 5-B Page 9 of 12 the corporation. (ii) Vice President. Each Vice President, if any, shall have such powers and perform such duties as the Board of Directors may from time to time prescribe. The Vice President (if only one (1) Vice President is chosen by the Board) or one (1) Vice President designated by the Board (if two (2) or more Vice Presidents are chosen by the Board of Directors) shall perform the duties and exercise the powers of the President in the event of the President's absence or disability. (iii) Treasurer. The Treasurer, if any, shall have the responsibility for maintaining the financial records of the corporation. The Treasurer shall make such disbursements of the funds of the corporation as are authorized and shall render from time to time an account of all such transactions and of the financial condition of the corporation. The Treasurer shall have such other powers and perform such other duties as the Board of Directors may from time to time prescribe. (iv) Secretary. The Secretary shall issue all authorized notices for, and shall keep minutes of, all meetings of the stockholders and of the Board of Directors. The Secretary shall have charge of the corporate books and seal, shall have the power to affix the corporate seal to documents duly executed by any officer, and to attest to such affixation and execution, and shall have such other powers and perform such other duties as the Board of Directors may from time to time prescribe. (v) Assistant Secretary and Assistant Treasurer. Each Assistant Secretary, if any, and each Assistant Treasurer, if any, shall have such powers and perform such duties as the Board of Directors may from time to time prescribe. (vi) Delegation of Authority. The Board of Directors may from time to time delegate the powers or duties of any officer to any other officers or agents, notwithstanding any provision hereof. ARTICLE V Stock Section 5.1. Certificates. Every holder of stock shall be entitled to have a certificate signed by or in the name of the corporation by the Chairman or Vice Chairman of the Board of Directors, if any, or the President or a Vice President, and by the Treasurer or an Assistant Treasurer, or 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 a facsimile. In case any officer, transfer agent, or registrar who has signed or 10 Exhibit 5-B Page 10 of 12 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 5.2. Lost, Stolen or Destroyed Stock Certificates; Issuance of New Certificates. The corporation may issue a new certificate of stock in the place of any certificate theretofore issued by it, alleged to have been lost, stolen or destroyed, and the corporation may require the owner of the lost, stolen or destroyed certificate, or his legal representative, to give the corporation a bond sufficient to indemnify it against any claim that may be made against it on account of the alleged loss, theft or destruction of any such certificate or the issuance of such new certificate. ARTICLE VI Indemnification Section 6.1. Right to Indemnification. The corporation shall indemnify and hold harmless, to the fullest extent permitted by applicable law as it presently exists or may hereafter be amended, any person who was or is made or is threatened to be made a party or is otherwise involved in any threatened, pending, or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (a "proceeding") by reason of the fact that he, or a person for whom he is the legal representative, is or was a director or officer of the corporation or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation or of a partnership, joint venture, trust, other enterprise or non-profit entity, including service with respect to employee benefit plans (an "indemnitee"), against all liability and loss suffered and expenses (including attorneys' fees) reasonably incurred by such indemnitee. The corporation shall be required to indemnify an indemnitee in connection with a proceeding (or part thereof) initiated by such indemnitee only if the initiation of such proceeding (or part thereof) by the indemnitee was authorized by the Board of Directors of the corporation. Section 6.2. Advancement of Expenses. The corporation shall pay the expenses (including attorneys' fees) incurred by an indemnitee in defending any proceeding referred to in Section 6.1 in advance of its final disposition; provided, however, that the payment of expenses incurred by an indemnitee in advance of the final disposition of such proceeding shall be made only upon receipt of an undertaking by the indemnitee to repay all amounts advanced if it should ultimately be determined that the indemnitee is not entitled to be indemnified under this Article or otherwise. 11 Exhibit 5-B Page 11 of 12 Section 6.3. Claims. If a claim for indemnification or advancement of expenses under this Article is not paid in full within sixty (60) days after a written claim therefor by the indemnitee has been received by the corporation, the indemnitee may file suit to recover the unpaid amount of such claim and, if successful in whole or in part, shall be entitled to be paid the expense of prosecuting such claim. In any such action the corporation shall have the burden of proving that the indemnitee was not entitled to the requested indemnification or advancement of expenses. Section 6.4. Non-Exclusivity of Rights. The rights conferred on any person by this Article shall not be exclusive of any other rights which such person may have or hereafter acquire under any statute, provision of the certificate of incorporation, these bylaws, agreement, vote of stockholders or disinterested directors or otherwise. Section 6.5. Other Indemnification. The corporation's obligation, if any, to indemnify any person who was or is serving at its request as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, enterprise or non-profit entity shall be reduced by any amount such person may collect as indemnification from such other corporation, partnership, joint venture, trust, enterprise or non-profit entity. Section 6.6. Amendment or Repeal. Any repeal or modification of the foregoing provisions of this Article shall not adversely affect any right or protection hereunder of any person in respect of any act or omission occurring prior to the time of such repeal or modification. ARTICLE VII Miscellaneous Section 7.1. Fiscal Year. The fiscal year of the corporation shall be determined by resolution of the Board of Directors. Section 7.2. Seal. The corporate seal shall be in such form as may be approved from time to time by the Board of Directors. Section 7.3. Waiver of Notice of Meetings of Stockholders, Directors and Committees. Any written waiver of notice, signed by the person entitled to notice, whether before or after the time stated therein, shall be deemed equivalent to notice. Attendance of a person at a meeting shall constitute a waiver of notice of such meeting, except when the person attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened. 12 Exhibit 5-B Page 12 of 12 Neither the business to be transacted at, nor the purpose of any regular or special meeting of the stockholders, directors, or members of a committee of directors need be specified in any written waiver of notice. Section 7.4. Interested Directors; Quorum. No contract or transaction between the corporation and one (1) or more of its directors or officers, or between the corporation and any other corporation, partnership, association, or other organization in which one (1) or more of its directors or officers are directors or officers, or have a financial interest, shall be void or voidable solely for this reason, or solely because the director or officer is present at or participates in the meeting of the Board of Directors or committee thereof which authorizes the contract or transaction, or solely because his or their votes are counted for such purpose, if: (i) the material facts as to his relationship or interest and as to the contract or transaction are disclosed or are known to the Board of Directors or the committee, and the Board of Directors or committee in good faith authorizes the contract or transaction by the affirmative votes of a majority of the disinterested directors, even though the disinterested directors be less than a quorum; or (ii) the material facts as to his relationship or interest and as to the contract or transaction are disclosed or are known to the stockholders entitled to vote thereon, and the contract or transaction is specifically approved in good faith by vote of the stockholders; or (iii) the contract or transaction is fair as to the corporation as of the time it is authorized, approved or ratified, by the Board of Directors, a committee thereof, or the stockholders. Common or interested directors may be counted in determining the presence of a quorum at a meeting of the Board of Directors or of a committee which authorizes the contract or transaction. Section 7.5. Form of Records. Any records maintained by the corporation in the regular course of its business, including its stock ledger, books of account, and minute books, may be kept on, or be in the form of, punch cards, magnetic tape, photographs, microphotographs, or any other information storage device, provided that the records so kept can be converted into clearly legible form within a reasonable time. Section 7.6. Amendment of Bylaws. These bylaws may be altered or repealed, and new bylaws made, by the Board of Directors to the extent permitted by the certificate of incorporation, but the stockholders may make additional bylaws and may alter and repeal any bylaws whether adopted by them or otherwise. Date of Adoption: January 8, 1998 EX-6.(B) 31 BY-LAWS OF COLUMBIA ENERGY RESOURCES, INC. 1 Exhibit 6-B Page 1 of 32 COLUMBIA ENERGY RESOURCES, INC. ***** BY-LAWS ***** ARTICLE I OFFICES Section 1. The registered office shall be in the City of Wilmington, County of New Castle, State of Delaware. Section 2. The corporation may also have offices at such other places both within and without the State of Delaware as 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. 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 2 Exhibit 6-B Page 2 of 32 Delaware, as shall be stated in the notice of the meeting or in a duly executed waiver of notice thereof. Section 2. 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 elect by a plurality vote a Board of Directors, and transact such other business as may properly be brought before the meeting. Section 3. 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 nor more than sixty days before the date of the meeting. Section 4. 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 days prior to the meeting, either at a 3 Exhibit 6-B Page 3 of 32 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 of the stockholders, for any purpose or purposes, unless otherwise prescribed by statute or by the Articles 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. Section 6. Written notice of a special meeting stating the place, date, and hour of the meeting and the purpose or purposes for which the meeting is called, shall be given not less than ten nor more than sixty days before the date of the meeting, to each stockholder entitled to vote at such meeting. Section 7. Business transacted at any special meeting of the stockholders shall be limited to the purposes stated in the notice. 4 Exhibit 6-B Page 4 of 32 Section 8. 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 Articles of Incorporation. If, however, such quorum shall not be present or represented at any meeting of the stockholders, the stockholders entitled to vote thereat, 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 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. Section 9. 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 Articles of Incorporation, a different vote is required in which case such express provision shall govern and control the decision of such question. 5 Exhibit 6-B Page 5 of 32 Section 10. Unless otherwise provided in the Articles 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 no proxy shall be voted on after eleven months from its date, unless the proxy provides for a longer period. ARTICLE III DIRECTORS Section 1. The number of directors which shall constitute the whole Board shall be not less than three nor more than nine. 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 successor is elected and qualified. Directors need not be stockholders. Section 2. 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 so chosen shall hold office until the next annual election or until their successors are duly elected and shall quality, unless sooner displaced. If there are no 6 Exhibit 6-B Page 6 of 32 directors in office, then an election of directors may be held in the manner provided by statute. Section 3. The business of the corporation shall be managed by its 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 Articles of Incorporation or by these By-laws directed or required to be exercised or done by the stockholders. MEETINGS OF THE BOARD OF DIRECTORS Section 4. The Board of Directors of the corporation may hold meetings, both regular and special, either within or without the State of Delaware. Section 5. 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 a quorum 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 7 Exhibit 6-B Page 7 of 32 special meetings of the Board of Directors, or as shall be specified in a written waiver signed by all of the Directors. Section 6. 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. Section 7. Special meetings of the Board may be called by the president, the secretary, or any assistant secretary on six hours' notice to each director, 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 8. At all meetings of the Board, a majority of the directors shall constitute a quorum for the transaction of business, 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 Articles 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. 8 Exhibit 6-B Page 8 of 32 Section 9. Unless otherwise restricted by the Articles of Incorporation or these By-laws, 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 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 or committee. Section 10. Unless otherwise restricted by the Articles of Incorporation or these By-laws, 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. COMMITTEES OF DIRECTORS Section 11. The Board of Directors may, by resolution passed by a majority of the whole Board, designate one or more committees, each committee to consist of one 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. In the absence or disqualification of a member of a committee, the member or members thereof present 9 Exhibit 6-B Page 9 of 32 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 amending the Articles of Incorporation, adopting an agreement of merger or consolidation, recommending to the stockholders the sale, lease, or exchange of all or substantially all of the corporation's property and assets, recommending to the stockholders a dissolution of the corporation or a revocation of a dissolution, or amending the By-laws of the corporation, declare a dividend, to authorize the issuance of stock, or fill vacancies on the Board of Directors or any committee. 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. Section 12. Each committee shall keep regular minutes of its meetings and report the same to the Board of Directors. COMPENSATION OF DIRECTORS 10 Exhibit 6-B Page 10 of 32 Section 13. Unless otherwise restricted by the Articles of Incorporation or these By-laws, 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 and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings. ARTICLE IV NOTICES Section 1. Whenever, under the provisions of applicable statute or of the Articles of Incorporation or of these By-laws, 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 to directors may also be given by telegram, data facsimile, or other similar method of transmitting a written communication. 11 Exhibit 6-B Page 11 of 32 Section 2. Whenever any notice is required to be given under the provisions of applicable statute or of the Articles of Incorporation or of these By-laws, a waiver thereof 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. The officers of the corporation shall be chosen by the Board of Directors and shall be a president and a secretary. The Board of Directors may also choose vice-presidents, a treasurer, a controller, and one or more assistant secretaries and assistant treasurers, and assistant controllers and such other officers as it deems necessary from time to time. Any number of offices may be held by the same person, unless the Articles of Incorporation or these By-laws otherwise provide. Section 2. The Board of Directors at its first meeting after each annual meeting of stockholders shall choose a president and a secretary. Section 3. The Board of Directors may appoint such other officers and agents as it shall deem necessary who shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the Board. 12 Exhibit 6-B Page 12 of 32 Section 4. The salaries of all officers and agents of the corporation shall be fixed by the Board of Directors. Section 5. 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 affirmative vote of a majority of the Board of Directors. Any vacancy occurring in any office of the corporation shall be filled by the Board of Directors. THE PRESIDENT AND VICE PRESIDENTS Section 6. 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. Section 7. 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 or 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. 13 Exhibit 6-B Page 13 of 32 Section 8. 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. THE SECRETARY AND ASSISTANT SECRETARIES Section 9. 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 shall perform like duties for the standing committees when required. He 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 shall be. He shall have custody of the corporate seal of the corporation and he, 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 his signature or by the signature of such 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 his signature. 14 Exhibit 6-B Page 14 of 32 Section 10. 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 his 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. THE TREASURER AND ASSISTANT TREASURERS Section 11. The treasurer or, as directed by the Board of Directors, one or more assistant treasurers 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. Section 12. The treasurer or, as directed by the Board of Directors, one or more assistant treasurers 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 his/their transactions as treasurer/assistant treasurer. 15 Exhibit 6-B Page 15 of 32 Section 13. If required by the Board of Directors, the treasurer or an assistant treasurer shall give the corporation a bond (which shall be renewed every six 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. Section 14. The assistant treasurer, or if there shall be more than one, the assistant treasurers 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 or in the event of his inability or refusal to act, perform the duties and exercise the powers of the treasurer and shall perform such other duties and have such other powers as the Board of Directors may from time to time prescribe. THE CONTROLLER AND ASSISTANT CONTROLLER Section 15. The controller, or as directed by the Board of Directors, one or more assistant controllers, shall maintain adequate records of all assets, liabilities, and transactions of the corporation, ensure that the financial results of operations are properly recorded and that adequate audits thereof are currently and regularly made; 16 Exhibit 6-B Page 16 of 32 and, in conjunction with other officers, initiate and enforce measures and procedures whereby the business of the corporation shall be conducted with the maximum safety, efficiency, and economy. The controller or an assistant controller shall report to the president and/or the Board of Directors at its regular meetings on the financial results of the Corporation's operations. The controller shall have such other duties as the Board of Directors may designate from time to time. ARTICLE VI CERTIFICATES OF STOCK Section 1. Every holder of stock in the corporation shall be entitled to have a certificate, signed by, or in the name of the corporation, by the president or the vice president, or the secretary or an assistant secretary of the corporation, certifying the number of shares owned by him in the corporation. Section 2. 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. 17 Exhibit 6-B Page 17 of 32 LOST CERTIFICATES Section 3. 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. TRANSFERS OF STOCK Section 4. 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. FIXING RECORD DATE 18 Exhibit 6-B Page 18 of 32 Section 5. 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 nor less than ten days before the date of such meeting, nor more than sixty 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. REGISTERED STOCKHOLDERS Section 6. 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 Delaware. 19 Exhibit 6-B Page 19 of 32 ARTICLE VII GENERAL PROVISIONS DIVIDENDS Section 1. Dividends upon the capital stock of the corporation, subject to the provisions of the Articles of Incorporation, if any, may be declared by the Board of Directors at any regular or special meeting, pursuant to law. Dividends may be paid in cash, in property, or in shares of the capital stock, subject to the provisions of the Articles of Incorporation. Section 2. 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. CHECKS Section 3. All checks, drafts, notes, bills of exchange, and orders for the payment of money (including orders for repetitive or non-repetitive electronic funds 20 Exhibit 6-B Page 20 of 32 transfers) shall, unless otherwise directed by the Board of Directors, or unless required by law, be signed by any two of the following officers: the President, any Vice President, the Secretary, or any Assistant Secretary; provided that in every case at least one such officer shall be the President, a Vice President or the Secretary. The Board of Directors may, however, notwithstanding the foregoing provision, by resolution adopted at any meeting, authorize any of said officers or any employee of the Corporation so designated by the Board of Directors of the Corporation to sign, checks, drafts, and such orders for the payment of money singly and without necessity of countersignature, and may designate officers of the Corporation other than those named above or any employee of the Corporation so designated by the Board of Directors of the Corporation, or different combinations of such officers or any employee of the Corporation so designated by the Board of Directors of the Corporation, who may, in the name of the Corporation, execute checks, drafts, and such orders for the payment of money on its behalf. Further, the President is authorized to designate to the Corporation's banks, in writing, individuals employed in the Columbia Gas System Service Corporation Cash Management Department, who need not be officers or employees of the Corporation to give in the name of the Corporation telephonic, telegraphic, or electronic transfer instructions for the payment of money, which may, with respect to routine items, include instructions as to the amount to be transferred, to any bank, pursuant to previously issued written orders, signed by officers of the Corporation or by any employee of the Corporation so designated by the Board of 21 Exhibit 6-B Page 21 of 32 Directors of the Corporation in any manner provided above, which designate the recipients of such amounts and which identify what shall be treated as routine items. FISCAL YEAR Section 4. 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. SEAL Section 5. The corporate seal shall have inscribed thereon the name of the corporation, and the words "Corporate Seal 1998 Delaware". The seal may be used by causing it or a facsimile thereof to be impressed or affixed or reproduced or otherwise. ARTICLE VIII INDEMNIFICATION (a) Right to Indemnification. The Corporation shall to the fullest extent permitted by applicable law as then in effect indemnify 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 22 Exhibit 6-B Page 22 of 32 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 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. (b) 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 (a) of this Article VIII or incurred by an Indemnitee in connection with any proceeding referred to in Section (a) of this Article VIII, 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 other means in furtherance of the provisions of this Article VIII to ensure the payment of such amounts as may be necessary to effect indemnification as provided in this Article VIII. 23 Exhibit 6-B Page 23 of 32 (c) 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 VIII shall inure to the benefit of the heirs and legal representatives of any person entitled to indemnity under this Article VIII and shall be applicable to Proceedings commenced or continuing after the adoption of this Article VIII, whether arising from acts or omissions occurring before or after such adoption. (d) 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 VIII: (1) Advance of Expenses. All reasonable expenses incurred by or on behalf of the Indemnitee in connection with any Proceeding shall be advanced to the Indemnitee by the Corporation within 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 24 Exhibit 6-B Page 24 of 32 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 VIII. (2) Procedure for Determination of Entitlement to Indemnification. (i) To obtain indemnification under this Article VIII, 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 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 VIII shall be determined in one of the following ways: (A) by a majority vote of the Disinterested Directors (as hereinafter defined), even if they constitute less than a quorum of the 25 Exhibit 6-B Page 25 of 32 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 quorum of the Board of Directors consisting of Disinterested Directors is not obtainable or, even if obtainable, a majority of such Disinterested Directors so directs; (C) by the stockholders of the Corporation (but only if 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 (d)(3). (iii) In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section (d)(2)(ii), 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. (iv) The only basis upon which a finding of no entitlement to indemnification may be made is that indemnification is prohibited by law. 26 Exhibit 6-B Page 26 of 32 (3) Presumptions and Effect of Certain Proceedings. Except as otherwise expressly provided in this Article VIII, if a Change of Control shall have occurred, the Indemnitee shall be presumed to be entitled to indemnification under this Article VIII upon submission of a request for indemnification together with the Supporting Documentation in accordance with Section (d)(2)(i), 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 (d)(2) to determine entitlement to indemnification shall not have been appointed or shall not have made a determination within 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 (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. The termination of any Proceeding described in Section (a), 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 27 Exhibit 6-B Page 27 of 32 the Indemnitee had reasonable cause to believe that the Indemnitee's conduct was unlawful. (4) Remedies of Indemnitee. (i) In the event that a determination is made pursuant to Section (d)(2) or (3) that the Indemnitee is not entitled to indemnification under this Article VIII, (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 nova 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 VIII. (ii) If pursuant to Section (d)(2) or (3) 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 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 28 Exhibit 6-B Page 28 of 32 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 (d)(l), or (Y) payment of indemnification is not made within five days after a determination of entitlement to indemnification has been made or deemed to have been made pursuant to Section (d)(2) or (3), 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. (iii) The Corporation shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section (d)(4) that the procedures and presumptions of this Article VIII 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 VIII. 29 Exhibit 6-B Page 29 of 32 (iv) In the event that pursuant to this Section (d)(4) the Indemnitee seeks a judicial adjudication of or an award in arbitration to enforce his rights under, or to recover damages for breach of this Article VIII, 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. (5) Definitions. For purposes of this Section (d): (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 Act by virtue or his, hers or its influence over the management or policies of the Corporation, or (B) whether or not said 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 30 Exhibit 6-B Page 30 of 32 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) 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 10 percent 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 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. 31 Exhibit 6-B Page 31 of 32 (iii) "Independent Counsel" means a law firm or a member of a law firm that neither presently is, nor in the past five 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 VIII. 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 VIII. (e) Severability. If any provision or provisions of this Article VIII 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 VIII (including, without limitation, all portions of any paragraph of this Article VIII 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 VIII (including, without limitation, all portions of any paragraph of this Article VIII 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. 32 Exhibit 6-B Page 32 of 32 (f) 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 IX AMENDMENTS Section 1. These By-laws may be altered, amended, or repealed or new By-laws may be adopted by the stockholders or by the Board of Directors, when such power is conferred upon the Board of Directors by the Articles 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 By-laws be contained in the notice of such special meeting. EX-7.(B) 32 BY-LAWS OF 758117 ALBERTA LTD. DATED DEC. 12, 1997 1 Exhibit 7-B Page 1 of 6 BY-LAW NO. 1 A by-law relating generally to the transaction of the business and affairs of 758117 ALBERTA LTD. (hereinafter referred to as the "Corporation") DIRECTORS 1. Calling of and notice of meetings - Meetings of the board shall be held at such time and on such day as the chairman of the board, president or a vice-president, if any, or any two directors may determine. Notice of meetings of the board shall be given to each director not less than forty-eight hours before the time when the meeting is to be held. Each newly elected board may without notice hold its first meeting for the purposes of organization and the election and appointment of officers immediately following the meeting of shareholders at which such board was elected, provided a quorum of directors be present. 2. Votes to govern - At all meetings of the board every question shall be decided by a majority of the votes cast on the question; and in case of an equality of votes the chairman of the meeting shall be entitled to a second or casting vote. 3. Quorum - Subject to the articles, a majority of the number of directors holding office from time to time constitutes a quorum at any meeting of directors, and notwithstanding any vacancy among the directors, a quorum of directors may exercise all the powers of the directors. 4. Interest of directors and officers generally in contracts - No director or officer shall be disqualified by his office from contracting with the Corporation nor shall any contract or arrangement entered into by or on behalf of the Corporation with any director or officer or in which any director or officer is in any way interested be liable to be voided nor shall any director or officer so contracting or being so interested be liable to account to the Corporation for any profit realized by any such contract or arrangement by reason of such director or officer holding that office or of the fiduciary relationship thereby established; provided that the director or officer shall have 2 Exhibit 7-B Page 2 of 6 complied with the provisions of the Business Corporations Act. MEETINGS BY TELEPHONE 5. Directors and Shareholders - A director may participate in a meeting of the board or of a committee of the board and a shareholder may participate in a meeting of shareholders by means of telephone or other communication facilities that permit all persons participating in any such meeting to hear each other. INDEMNIFICATION 6. Indemnification of directors and officers - The Corporation shall indemnify a director or officer of the Corporation, a former director or officer of the Corporation or a person who acts or acted at the Corporation's request as a director or officer of a body corporate of which the Corporation is or was a shareholder or creditor, and his heirs and legal representatives to the extent permitted by the Business Corporations Act. 7. Indemnity of others - Except as otherwise required by the Business Corporations Act and subject to paragraph 6, the Corporation may from time to time indemnify and save harmless any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Corporation) by reason of the fact that he is or was an employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee, agent of or participant in another corporation, partnership, joint venture, trust or other enterprise, against expenses (including legal fees), judgments, fines and any amount actually and reasonably incurred by him in connection with such action, suit or proceeding if he acted honestly and in good faith with a view to the best interests of the Corporation, and with respect to any criminal or administrative action or proceeding that is enforced by a monetary penalty, had reasonable grounds for believing that his conduct was lawful. The termination of any action, suit or proceeding by judgment, order, settlement or conviction, shall not, of itself, create a presumption that the person did not act honestly and in good faith with a view to the best interests of the Corporation, and, with respect to any criminal or administrative action or proceeding that is enforced by a monetary penalty, had no reasonable grounds for believing that his conduct was lawful. 3 Exhibit 7-B Page 3 of 6 8. Right of indemnity not exclusive - The provisions for indemnification contained in the by-laws of the Corporation shall not be deemed exclusive of any other rights to which those seeking indemnification may be entitled under any by-law, agreement, vote of shareholders or disinterested directors or otherwise, both as to action in his official capacity and as to action in another capacity while holding such office, and shall continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person. 9. No liability of directors or officers for certain acts, etc. - To the extent permitted by law, no director or officer for the time being of the Corporation shall be liable for the acts, receipts, neglects or defaults of any other director or officer or employee or for joining in any receipt or act for conformity or for any loss, damage or expense happening to the Corporation through the insufficiency or deficiency of title to any property acquired by the Corporation or for or on behalf of the Corporation or for the insufficiency or deficiency of any security in or upon which any of the moneys of or belonging to the Corporation shall be placed out or invested or for any loss or damage arising from the bankruptcy, insolvency or tortious act of any person, firm or corporation with whom or which any moneys, securities or effects shall be lodged or deposited or for any loss, conversion, misapplication or misappropriation of or any damage resulting from any dealings with any moneys, securities or other assets belonging to the Corporation or for any other loss, damage or misfortune whatever which may happen in the execution of the duties of his respective office or trust or in relation thereto unless the same shall happen by or through his failure to act honestly and in good faith with a view to the best interests of the Corporation and in connection therewith to exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances. If any director or officer of the Corporation shall be employed by or shall perform services for the Corporation otherwise than as a director or officer or shall be a member of a firm or a shareholder, director or officer of a company which is employed by or performs services for the Corporation, the fact of his being a director or officer of the Corporation shall not disentitle such director or officer or such firm or company, as the case may be, from receiving proper remuneration for such services. BANKING ARRANGEMENTS, CONTRACTS, ETC. 4 Exhibit 7-B Page 4 of 6 10. Banking arrangements - The banking business of the Corporation, or any part thereof, shall be transacted with such banks, trust companies or other financial institutions as the board may designate, appoint or authorize from time to time by resolution and all such banking business, or any part thereof, shall be transacted on the Corporation's behalf by such one or more officers and/or other persons as the board may designate, direct or authorize from time to time by resolution and to the extent therein provided. 11. Execution of instruments - Contracts, documents or instruments in writing requiring execution by the Corporation may be signed by any director or officer, and all contracts, documents or instruments in writing so signed shall be binding upon the Corporation without any further authorization or formality. The board of directors is authorized from time to time by resolution to appoint any officer or officers or any other person or persons on behalf of the Corporation to sign and deliver either contracts, documents or instruments in writing generally or to sign either manually or by facsimile signature and deliver specific contracts, documents or instruments in writing. The term "contracts, documents or instruments in writing" as used in this by-law shall include share certificates, warrants, bonds, debentures or other securities or security instruments of the Corporation, deeds, mortgages, charges, conveyances, transfers and assignments of property of all kinds including specifically but without limitation transfers and assignments of shares, warrants, bonds, debentures or other securities and all paper writings. 12. Voting Rights in Other Bodies Corporate - The signing officers of the Corporation may execute and deliver proxies and arrange for the issuance of voting certificates or other evidence of the right to exercise the voting rights attaching to any securities held by the Corporation. Such instruments shall be in favour of such persons as may be determined by the officers executing or arranging for the same. In addition, the board may from time to time direct the manner in which and the persons by whom any particular voting rights or class of voting rights may or shall be exercised. MISCELLANEOUS 13. Invalidity of any provisions of this by-law - The invalidity or unenforceability of any provision of this by-law shall not affect the validity or enforceability of the remaining provisions of this by-law. 5 Exhibit 7-B Page 5 of 6 INTERPRETATION 14 In this by-law and all other by-laws of the Corporation words importing the singular number only shall include the plural and vice versa; words importing the masculine gender shall include the feminine and neuter genders; words importing persons shall include an individual, partnership, association, body corporate, executor, administrator or legal representative and any number or aggregate of persons; "articles" include the original or restated articles of incorporation, articles of amendment, articles of amalgamation, articles of continuance, articles of reorganization, articles of arrangement and articles of revival and includes an amendment to any of them; "board" shall mean the board of directors of the Corporation; "Business Corporations Act" shall mean the Business Corporations Act, Revised Statutes of Alberta 1981, Chapter B-15 as amended from time to time or any Act that may hereafter be substituted therefor; "meeting of shareholders" shall mean and include an annual meeting of shareholders and a special meeting of shareholders of the Corporation; and "signing officers" means any person authorized to sign on behalf of the Corporation by or pursuant to paragraph 11. MADE the 12th day of December, 1997. (Signed) "Clifford D. Johnson" CLIFFORD D. JOHNSON RESOLVED: that the sole director of 758117 ALBERTA LTD. does hereby make the foregoing By-law No. 1 a by-law of the said Corporation. The undersigned, being the sole director of 758117 ALBERTA LTD. (the "Corporation"), hereby signs, pursuant to Section 112(1) of the Business Corporations Act (Alberta), the foregoing resolution making By-law No. 1 a by-law of the said Corporation. MADE the 12th day of December, 1997. (Signed) "Clifford D. Johnson" CLIFFORD D. JOHNSON 6 Exhibit 7-B Page 6 of 6 RESOLVED: that the foregoing By-law No. l of the by-laws of 758117 ALBERTA LTD. be and it is hereby confirmed. The undersigned, being the sole shareholder of 758117 ALBERTA LTD. (the "Corporation"), hereby signs, pursuant to Section 136(1)(a) of the Business Corporations Act (Alberta), the foregoing resolution confirming By-law No. l of the said Corporation. MADE the 12th day of December, 1997. (Signed) "Clifford D. Johnson" CLIFFORD D. JOHNSON EX-8.(B) 33 BY-LAWS OF COLUMBIA ENERGY TELLECOMMUNICATIONS CO. 1 Exhibit 8-B Page 1 of 20 Columbia Energy Telecommunications Company ***** BY-LAWS ***** ARTICLE I OFFICES Section 1. The registered office shall be in the City of Wilmington, County of New Castle, State of Delaware. Section 2. The corporation may also have offices at such other places both within and without the State of Delaware as 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. All meetings of the stockholders for the election of directors shall be held, either within or without the State of Delaware as shall be designed 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 of stockholders commencing with the year 1998, shall be held on the first Monday in the month of June if not a legal holiday, and if a legal 2 Exhibit 8-B Page 2 of 20 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 elect by a plurality vote a board of directors, and transact such other business as may properly be brought before the meeting. Section 3. 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. The officer who has charge of the stock ledger of the corporation shall prepare and make, at least ten days before each meeting of stockholders, a complete list of the stockholders entitled to vote at the meeting, arranged in alphabetical order, and showing the address of such 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 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 of the stockholders, for any purpose or purposes, unless otherwise prescribed by statute or by 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 stockholders owning a majority in amount of the entire capital stock of the corporation 3 Exhibit 8-B Page 3 of 20 issued and outstanding and entitled to vote. Such request shall state the purpose or purposes of the proposed meeting. Section 6. Written notice of a special meeting stating the place, date and hour of the meeting and the purpose 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. Section 7. Business transacted at any special meeting of stockholders shall be limited to the purposes stated in the notice. Section 8. The holders of 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 thereat, 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 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. Section 9. 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 4 Exhibit 8-B Page 4 of 20 shall decide any question brought before such meeting, unless the question is one upon which by express provision of the statutes 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 10. Unless otherwise provided in the certificate of incorporation each stockholder shall at every meeting of the stockholders be entitled to vote in person or by proxy for each share of the capital stock having voting power held by each stockholder, but no proxy shall be voted on after three years from its date, unless the proxy provides for a longer period. At all elections of directors of the corporation each stockholder having voting power shall be entitled to exercise the right of cumulative voting as provided in the certificate of incorporation. Section II. 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. 5 Exhibit 8-B Page 5 of 20 ARTICLE III DIRECTORS Section 1. The number of directors which shall constitute the whole board shall be not less than one (1) year nor more than five (5). The first board shall consist of three (3) directors. Thereafter, within the limits above specified, 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 successor is elected and qualified. Directors need not be stockholders. Section 2. 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 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. If, at the time of filling any vacancy or any newly created directorship, the directors then in office shall constitute less than a majority of the whole board (as constituted immediately prior to any such increase), the Court of Chancery may, upon application of any stockholder or stockholders holding at least ten percent of the total number of the shares at the time outstanding having the right to vote for such directors, summarily order an election to be held to fill any such vacancies or newly created directorships, or to replace the directors chosen by the directors then in office. 6 Exhibit 8-B Page 6 of 20 Section 3. The business of the corporation shall be managed by or under the direction of its 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 by-laws directed or required to be exercised or done by the stockholders. Section 2. 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 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. If, at the time of filling any vacancy or any newly created directorship, the directors then in office shall constitute less than a majority of the whole board (as constituted immediately prior to any such increase), the Court of Chancery may, upon application of any stockholder or stockholders holding at least ten percent of the total number of the shares at the time outstanding having the right to vote for such directors, summarily order an election to be held to fill any such vacancies or newly created directorships, or to replace the directors chosen by the directors then in office. Section 3. The business of the corporation shall be managed by or under the direction of its 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 by-laws directed or required to be exercised or done by the stockholders. 7 Exhibit 8-B Page 7 of 20 MEETINGS OF THE BOARD OF DIRECTORS Section 4. The board of directors of the corporation may hold meetings, both regular and special, either within or without the State of Delaware. Section 5. 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 a quorum 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 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. Section 6. 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. Section 7. Special meetings of the board may be called by the president on ten (10) days' notice to each director, either personally or by mail or by telegram; special meetings shall be called by the president or secretary in like manner and on like notice on the written request of two directors unless the board consists of only one director; in which case special meetings shall be called by the president or secretary in like manner and on like notice on the written request of the sole director. Section 8. At all meetings of the board majority of the directors shall constitute a quorum for the transaction of business and the act of a majority of the directors present at 8 Exhibit 8-B Page 8 of 20 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 9. Unless otherwise restricted by the certificate of incorporation or these by-laws, 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 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 or committee. Section 10. Unless otherwise restricted by the certificate of incorporation or these by-laws, 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. COMMITTEES OF DIRECTORS Section 11. The board of directors may, by resolution passed by a majority of the whole board, designate one or more committees, each committee to consist of one 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. 9 Exhibit 8-B Page 9 of 20 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 power 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 amending the certificate of incorporation (except that a committee may, to the extent authorized in the resolution or resolutions providing for the issuance of shares of stock adopted by the board of directors as provided in Section 151(a) fix any of the preferences or rights of such shares relating to dividends, redemption, dissolution, any distribution of assets of the corporation or the conversion into, or the exchange of such shares for, shares of any other class or classes or any other series of the same or any other class or classes of stock of the corporation) adopting an agreement of merger or consolidation, recommending to the stockholders the sale, lease or exchange of all or substantially all of the corporation's property and assets, recommending to the stockholders a dissolution of the corporation or a revocation of a dissolution, or amending the by-laws of the corporation; and, unless the resolution or the certificate of incorporation expressly so provide, no such committee shall have the power or authority to declare a dividend or to authorize the issuance of stock or to adopt a certificate of ownership and merger. Such committee or committees 10 Exhibit 8-B Page 10 of 20 shall have such name or names as may be determined from time to time by resolution adopted by the board of directors. Section 12. Each committee shall keep regular minutes of its meetings and report the same to the board of directors when required. COMPENSATION OF DIRECTORS Section 13. Unless otherwise restricted by the certificate of incorporation or these by-laws, 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 and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings. REMOVAL OF DIRECTORS Section 14. Unless otherwise restricted by the certificate of incorporation or by law, any director or the entire board of directors may be removed, with or without cause, by the holders of a majority of shares entitled to vote at an election of directors. ARTICLE IV NOTICES 11 Exhibit 8-B Page 11 of 20 Section 1. Whenever, under the provisions of the statutes or of the certificate of incorporation or of these by-laws, notice is required to be given to any director or stockholder, it shall not be construed to mean personal notice, by 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 to directors may also be given by telegram. Section 2. Whenever any notice is required to be given under the provisions of the statutes or of the certificate of incorporation or of these by-laws, a waiver thereof 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. The officers of the corporation shall be chosen by the board of directors and shall be a president, a vice-president a secretary and a treasurer. The board of directors may also choose additional vice-presidents, and one or more assistant secretaries and assistant treasurers. Any number of offices may be held by the same person, unless the certificate of incorporation or these by-laws otherwise provide. Section 2. The board of directors at its first meeting after each annual meeting of stockholders shall choose a president, one or more vice-presidents, a secretary and a treasurer. 12 Exhibit 8-B Page 12 of 20 Section 3. The board of directors may appoint such other officers and agents as it shall deem necessary who shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the board. Section 4. The salaries of all officers and agents of the corporation shall be fixed by the board of directors. Section 5. 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 affirmative vote of a majority of the board of directors. Any vacancy occurring in any office of the corporation shall be filled by the board of directors. THE PRESIDENT Section 6. 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. Section 7. He 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. 13 Exhibit 8-B Page 13 of 20 THE VICE-PRESIDENTS Section 8. In the absence of the president or in the event of his inability or refusal to act, the vice-president (or in the event there be more than one vice-president, the vice-presidents in the order designated by the directors, or in the absence of any designation, then in the order of their election) shall perform the duties of the president, and when so acting, shall have all the powers of and be subject to all the restrictions upon the president. The vice-presidents shall perform such other duties and have such other powers as the board of directors may from time to time prescribe. THE SECRETARY AND ASSISTANT SECRETARY Section 9. 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 shall perform like duties for the standing committees when required. He 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 shall be. He shall have custody of the corporate seal of the corporation and he, 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 his signature or by the signature of such assistant secretary. The board of directors may give general authority to any other officer to affix the sale of the corporation and to attest the affixing by his signature. 14 Exhibit 8-B Page 14 of 20 Section 10. The 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 his 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. THE TREASURER AND ASSISTANT TREASURERS Section 11. The treasurer 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 al 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. Section 12. He 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 his transactions as treasurer and of the financial condition of the corporation. Section 13. If required by the board of directors, he shall give the corporation a bond (which shall be renewed every six 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 his office and for the restoration to the corporation in case of his death, resignation, retirement or removal from office, of all books, papers, vouchers, money and 15 Exhibit 8-B Page 15 of 20 other property of whatever kind in his possession or under his control belonging to the corporation. Section 14. The assistant treasurer, or if there shall be more than one, the assistant treasurers 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 or in the event of his inability or refusal to act, perform the duties and exercise the powers of the treasurer and shall perform such other duties and have such other powers as the board of directors may from time to time prescribe. ARTICLE VI CERTIFICATES FOR SHARES Section 1. The shares of the corporation shall be represented by a certificate or shall be uncertificated. Certificates shall be signed by, or in the name of the corporation by, the chairman or vice-chairman of the board of directors, or the president or a vice-president, and by the treasurer or an assistant treasurer, or the secretary or an assistant secretary of the corporation. Within a reasonable time after the issuance or transfer of uncertificated stock, the corporation shall send to the registered owner thereof a written notice containing the information required to be set forth or stated on certificates pursuant to Sections 151, 156, 202(a) or 218(a) or a statement that the corporation will furnish without charge to each stockholder who so requests the powers, designations, preferences and relative participating, optional or other special rights of each class of stock or series thereof and the qualifications, limitations or restrictions of such preferences and/or rights. 16 Exhibit 8-B Page 16 of 20 Section 2. Any of or all the signatures on a 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. LOST CERTIFICATES Section 3. The board of directors may direct a new certificate or certificates or uncertificated shares 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 or uncertificated shares, 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. TRANSFER OF STOCK Section 4. 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, assignation or authority to transfer, it shall be the duty of the corporation to 17 Exhibit 8-B Page 17 of 20 issue a new certificate to the person entitled thereto, cancel the old certificate and record the transaction upon its books. Upon receipt of proper transfer instructions from the registered owner of uncertificated shares such uncertificated shares shall be cancelled and issuance of new equivalent uncertificated shares or certificated shares shall be made to the person entitled thereto and the transaction shall be recorded upon the books of the corporation. FIXING RECORD DATE Section 5. 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 nor less than ten days before the date of such meeting, nor more than sixty 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. 18 Exhibit 8-B Page 18 of 20 REGISTERED STOCKHOLDERS Section 6. 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 Delaware. ARTICLE VII GENERAL PROVISIONS DIVIDENDS Section 1. 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, 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. Section 2. 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 19 Exhibit 8-B Page 19 of 20 interest of the corporation, and the directors may modify or abolish any such reserve in the manner in which it was created. ANNUAL STATEMENT Section 3. The board of directors shall present at each annual meeting, and at any special meeting of the stockholders when called for by vote of the stockholders, a full and clear statement of the business and condition of the corporation. CHECKS Section 4. 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. FISCAL YEAR Section 5. The fiscal year of the corporation shall be fixed by resolution of the board of directors. SEAL Section 6. 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 may be used by causing it or a facsimile thereof to be impressed or affixed or reproduced or otherwise. 20 Exhibit 8-B Page 20 of 20 INDEMNIFICATION Section 7. The corporation shall indemnify its officers, directors, employees and agents to the extent permitted by the General Corporation Law of Delaware. ARTICLE VIII AMENDMENTS Section 1. These by-laws may be altered, amended or repealed or new by-laws 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 by-laws be contained in the notice of such special meeting. If the power to adopt, amend or repeal by-laws is conferred upon the board of directors by the certificate of incorporation, it shall not divest or limit the power of the stockholders to adopt, amend or repeal by-laws. EX-99.(D) 34 TAX ALLOCATION DATED 1998 1 Exhibit D Page 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 Columbia Energy Group Capital Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0331685 TriStar Gas Technologies, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0331689 Columbia Transmission Communications Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54-1911918 Columbia Network Services Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55-0752155 CNS Microwave, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55-0753507 Columbia Pipeline Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0385015 Columbia Deep Water Services Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54-1878331 13880 Dulles Corner Lane Herndon, VA 20171 Columbia Electric Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55-0647910 Columbia Electric Pedrick General Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0314105 TriStar Fuel Cells Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0324211 Columbia Electric Binghamton General Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0324212 TriStar Georgetown General Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0324214 TriStar Georgetown Limited Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0324215 Columbia Electric Vineland General Corporation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0324217 Columbia Electric Liberty Corporation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0324221 Columbia Electric Gregory General Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54-1898607 Columbia Electric Gregory Limited Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0381438 Columbia Electric Gregory Member Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0381443 13880 Dulles Corner Lane Herndon, VA 20171
2 Exhibit D Page 2 of 5 Columbia Electric Pedrick Limited Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0314565 Columbia Electric Binghamton Limited Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0324213 Columbia Electric Vineland Limited Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0324218 Columbia Electric Rumford Limited Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0324219 Columbia Electric Limited Holdings Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0324220 Columbia Electric Gregory Remington Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0381442 222 Delaware Avenue Wilmington, DE 19801-1621 Columbia Gas of Kentucky, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55-0139565 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 Columbia Propane Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61-0565214 9200 Arboretum Parkway, Suite 140 Richmond, VA 23236 Columbia Energy Resources, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0384486 300 Delaware Avenue Wilmington, DE 19801-1612 Columbia Natural Resources, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52-1383102 Alamco, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55-0615701 Hawg Hauling and Disposal, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55-0723936 Alamco - Delaware, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51-0356489 Columbia Natural Resources Canada Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55-0765517 900 Pennsylvania Avenue Charleston, WV 25302 Columbia Energy Services Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61-0573109 Columbia Energy Marketing Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25-1770943 Columbia Service Partners, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25-1787891 Columbia Energy Power Marketing Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76-0553975 Energy.com Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54-1878300 13880 Dulles Corner Lane Herndon, VA 20171
3 Exhibit D Page 3 of 5 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. (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. 4 Exhibit D Page 4 of 5 (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, 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). 5 Exhibit D Page 5 of 5 (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 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, 1998 --------------------- EX-27.1 35 FINANCIAL DATA SCHEDULE WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 1 CEG 1,000 12-MOS DEC-31-1998 JAN-01-1998 DEC-31-1998 PER-BOOK 4,095,500 615,800 1,780,500 85,500 391,400 6,968,700 835,100 761,800 409,500 2,005,300 0 0 2,003,100 0 0 144,800 400 0 3,100 0 2,960,300 6,968,700 6,568,200 131,800 6,028,200 6,028,200 540,000 13,400 553,400 152,400 269,200 0 269,200 63,900 140,400 761,700 3.23 3.21
EX-27.2 36 FINANCIAL DATA SCHEDULE WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 1 CKY 1,000 12-MOS DEC-31-1998 JAN-01-1998 DEC-31-1998 PER-BOOK 120,100 0 48,100 600 7,400 176,200 23,800 200 45,100 69,100 0 0 200 0 0 0 0 0 200 0 106,900 176,200 146,100 5,100 123,700 123,700 22,400 700 23,100 4,500 13,500 0 13,500 0 0 34,400 0 0
EX-27.3 37 FINANCIAL DATA SCHEDULE WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 1 COH 1,000 12-MOS DEC-31-1998 JAN-01-1998 DEC-31-1998 PER-BOOK 772,500 0 502,200 12,400 108,300 1,395,400 119,200 0 316,400 435,600 0 0 2,000 0 0 0 100 0 2,000 0 957,800 1,395,400 1,098,500 32,400 979,400 979,400 119,100 1,300 120,400 29,100 58,900 0 58,900 0 0 170,700 0 0
EX-27.4 38 FINANCIAL DATA SCHEDULE WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 1 CMD 1,000 12-MOS DEC-31-1998 JAN-01-1998 DEC-31-1998 PER-BOOK 45,000 0 16,600 200 2,900 64,700 100 10,000 13,200 23,300 0 0 0 0 0 0 0 0 0 0 41,400 64,700 40,500 1,700 34,100 34,100 6,400 0 6,400 1,300 3,400 0 3,400 0 0 7,500 0 0
EX-27.5 39 FINANCIAL DATA SCHEDULE WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 1 CPA 1,000 12-MOS DEC-31-1998 JAN-01-1998 DEC-31-1998 PER-BOOK 395,000 0 161,800 1,400 72,300 630,500 85,100 0 133,700 218,800 0 0 0 0 0 0 0 0 0 0 411,700 630,500 400,400 12,400 353,000 353,000 47,400 (300) 47,100 13,300 21,400 0 21,400 0 0 71,400 0 0
EX-27.6 40 FINANCIAL DATA SCHEDULE WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 1 CGV 1,000 12-MOS DEC-31-1998 JAN-01-1998 DEC-31-1998 PER-BOOK 310,200 0 53,400 1,200 9,800 374,600 65,300 3,000 86,200 154,500 0 0 0 0 0 0 0 0 0 0 220,100 374,600 180,300 6,700 152,400 152,400 27,900 900 28,800 9,400 12,700 0 12,700 0 0 44,100 0 0
EX-27.7 41 FINANCIAL DATA SCHEDULE WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 1 TCO 1,000 12-MOS DEC-31-1998 JAN-01-1998 DEC-31-1998 PER-BOOK 2,076,200 45,200 227,000 2,900 181,600 2,532,900 0 1,512,000 516,200 995,800 0 0 500 0 643,000 0 0 0 0 0 893,600 2,532,900 697,000 80,800 421,400 421,400 275,600 8,500 284,100 47,000 156,300 0 156,300 0 0 283,600 0 0
EX-27.8 42 FINANCIAL DATA SCHEDULE WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 1 CGT 1,000 12-MOS DEC-31-1998 JAN-01-1998 DEC-31-1998 PER-BOOK 232,300 22,700 48,200 300 9,100 312,600 0 82,400 40,000 122,400 0 0 0 0 68,400 0 0 0 0 0 121,800 312,600 142,700 17,000 92,300 92,300 50,400 900 51,300 5,200 29,100 0 29,100 0 0 53,600 0 0
EX-27.9 43 FINANCIAL DATA SCHEDULE
OPUR1 1 CS 1,000 12-MOS DEC-31-1998 JAN-01-1998 DEC-31-1998 PER-BOOK 28,200 0 51,600 19,900 0 99,700 300 12,700 200 13,200 0 0 0 0 0 0 0 0 0 0 86,500 99,700 82,400 1,000 76,300 76,300 6,100 (100) 6,000 2,800 2,200 0 2,200 0 0 100 0 0
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