-----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, M+yLmq2z58bgRxmQ4eS8s4V8jEJK+O273toeTAUdyYbyMFO9JoPh3I7V6dZ1zscH lQYU03Swm6nECgzljg2Hxw== 0000893220-00-000597.txt : 20000504 0000893220-00-000597.hdr.sgml : 20000504 ACCESSION NUMBER: 0000893220-00-000597 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000503 ITEM INFORMATION: FILED AS OF DATE: 20000503 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: 8-K SEC ACT: SEC FILE NUMBER: 001-01098 FILM NUMBER: 618055 BUSINESS ADDRESS: STREET 1: 13880 DULLES CORNER LANE STREET 2: SUITE 300 CITY: HENDERON STATE: VA ZIP: 20171-4600 BUSINESS PHONE: 7035616000 MAIL ADDRESS: STREET 1: 13880 DULLES CORNER LANE STREET 2: SUITE 300 CITY: HERNDON STATE: VA ZIP: 20171-4600 FORMER COMPANY: FORMER CONFORMED NAME: COLUMBIA GAS SYSTEM INC DATE OF NAME CHANGE: 19920703 8-K 1 COLUMBIA ENERGY GROUP FORM 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event Reported) May 3, 2000 ---------------- COLUMBIA ENERGY GROUP --------------------- (Exact name of registrant as specified in its charter) Delaware 1-1098 13--1594808 - ---------------------------- ------------- ------------------ (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 13880 Dulles Corner Lane, Herndon, VA 20171-4600 ------------------------------------------------ (Address of principal executive offices) Registrant's telephone number, including area code (703) 561-6000 ---------------- 2 Item 5. Other Events Information contained in a News Release dated May 3, 2000 is incorporated herein by reference. 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Columbia Energy Group ------------------------------ (Registrant) By /s/ J. W. Grossman ---------------------------- Vice President & Controller Date: May 3, 2000 4 FOR IMMEDIATE RELEASE CONTACTS: May 3, 2000 News Media: R.A. Rankin, Jr. (703) 561-6044 Michael McGarry (703) 561-6063 Financial Community: Thomas L. Hughes (703) 561-6001 Melissa E. Bockelmann (703) 561-6011 COLUMBIA ENERGY GROUP TO SELL LNG OPERATIONS TO WILLIAMS GAS PIPELINE HERNDON, Va., May 3 -- Columbia Energy Group announced today that its LNG subsidiaries have agreed to sell their partnership interests in the Cove Point LNG Limited Partnership to subsidiaries of Williams Gas Pipeline for approximately $150 million. The transaction, subject to clearance under the Hart-Scott-Rodino Act, and certain other conditions, is expected to be completed by July 2000. The Columbia subsidiaries and affiliates--Columbia LNG Corporation, CLNG Corporation and Columbia Atlantic Trading--through Cove Point LNG own and operate a liquefied natural gas storage and marine terminal near Lusby, Md., and an 87-mile natural gas pipeline connecting the terminal with gas pipelines in Northern Virginia. The terminal, which has a send-out capacity of one billion cubic feet of gas per day, currently provides peak shaving services to customers in the mid-Atlantic and Southeastern regions of the United States. Cove Point LNG is in the process of concluding an open season for firm terminal capacity to be used for liquefied natural gas imports. "In our ongoing evaluation of the LNG business," said Oliver G. Richard III, Columbia Energy Group chairman, president and CEO, " it has become clear that the business, although attractive, is not at the core of Columbia's long-term strategy, and that we could achieve more value for our shareholders by selling this asset than by continuing to operate it. The transaction announced today will achieve this objective." Columbia Energy Group, based in Herndon, Va., is one of the nation's leading energy services companies, with assets of approximately $7 billion. Its operating companies engage in virtually all phases of the natural gas business, including exploration and production, transmission, storage and distribution, as well as retail energy marketing, propane and petroleum product sales, and electric power generation. Information about Columbia Energy Group (NYSE:CG) is available on the Internet at www.columbiaenergygroup.com. This press release contains "forward-looking statements" within the meaning of the Federal securities laws, including statements concerning Columbia's, Columbia LNG's and Williams' plans, objectives and expected performance. There can be no assurance that actual results will not differ materially due to various factors, many of which are beyond the control of the companies, including, but not limited to, market conditions and competition. # # # -----END PRIVACY-ENHANCED MESSAGE-----