-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, ddeHes7Ss0yEwxvRrIi0hnAp1Xm9v+vb3nmUO5pNkBramboewTsMJ0cBnLLwkUiC 5Q9iCEJwfrm3LKK8ADY1fg== 0000950110-94-000224.txt : 19940621 0000950110-94-000224.hdr.sgml : 19940621 ACCESSION NUMBER: 0000950110-94-000224 CONFORMED SUBMISSION TYPE: U-1/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19940620 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA GAS SYSTEM INC CENTRAL INDEX KEY: 0000022099 STANDARD INDUSTRIAL CLASSIFICATION: 4923 IRS NUMBER: 131594808 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-1/A SEC ACT: 1935 Act SEC FILE NUMBER: 070-08219 FILM NUMBER: 94534822 BUSINESS ADDRESS: STREET 1: 20 MONTCHANIN RD CITY: WILMINGTON STATE: DE ZIP: 19807 BUSINESS PHONE: 3024295000 U-1/A 1 FORM U-1/A POST-EFFECTIVE AMENDMENT NO. 3 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Post-Effective Amendment No. 3 to Form U-1 JOINT APPLICATION-DECLARATION UNDER THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 THE COLUMBIA GAS SYSTEM, INC. COLUMBIA GULF COLUMBIA GAS SYSTEM SERVICE CORPORATION TRANSMISSION COMPANY COLUMBIA LNG CORPORATION 1700 MacCorkle Avenue, S.E. COLUMBIA ATLANTIC TRADING CORPORATION Charleston, WV 25314 TRISTAR VENTURES CORPORATION TRISTAR CAPITAL CORPORATION COLUMBIA GAS DEVELOPMENT 20 Montchanin Road CORPORATION Wilmington, DE 19807 5847 San Felipe Houston, TX 77057 COLUMBIA NATURAL RESOURCES, INC. COLUMBIA COAL GASIFICATION CORPORATION 900 Pennsylvania Avenue COMMONWEALTH PROPANE, INC. Charleston, WV 25302 COLUMBIA PROPANE CORPORATION 800 Moorefield Park Drive COLUMBIA ENERGY SERVICES CORPORATION Richmond, VA 23236 2581 Washington Road Upper Saint Clair, PA 15241 COLUMBIA GAS OF KENTUCKY, INC COLUMBIA GAS OF OHIO, INC. COLUMBIA GAS OF MARYLAND, INC. COLUMBIA GAS OF PENNSYLVANIA, INC COMMONWEALTH GAS SERVICES, INC. 200 Civic Center Drive Columbus, OH 43215 - -------------------------------------------------------------------------- (Names of company or companies filing this statement and addresses of principal executive offices) THE COLUMBIA GAS SYSTEM, INC. - -------------------------------------------------------------------------- (Name of top registered holding company parent of each applicant or declarant) L. J. Bainter, Treasurer THE COLUMBIA GAS SYSTEM, INC. 20 Montchanin Road Wilmington, DE 19807 - ------------------------------------------------------------------------- (Name and address of agent for service) (Other Agents for Service are Listed on the Reverse Side of the Front Cover) PAGE 2 Names and Addresses of Subsidiary Company Agents for Service: W. H. HARMON, Treasurer D. L. GELBAUGH, Vice President Columbia Natural Resources, Inc. Columbia Gas of Ohio, Inc. Columbia Coal Gasification Corp. Columbia Gas of Kentucky, Inc. 900 Pennsylvania Avenue Commonwealth Gas Services, Inc. Charleston, West Virginia 25302 Columbia Gas of Pennsylvania, Inc. Columbia Gas of Maryland, Inc. D. DETAR, Treasurer 200 Civic Center Drive TriStar Ventures Corporation Columbus, Ohio 43215 20 Montchanin Road Wilmington, Delaware 19807 E. O'LEARY, Treasurer J. W. GROSSMAN, Treasurer Columbia Gulf Transmission Company Columbia LNG Corporation 1700 MacCorkle Avenue, S.E. Columbia Atlantic Trading Corp. Charleston, West Virginia 25314 20 Montchanin Road Wilmington, Delaware 19807 J. R. LISENBY, Treasurer Columbia Gas Development Corp. L. J. BAINTER, Vice President 5847 San Felipe Columbia Gas Service Corp. Houston, Texas 77057 TriStar Capital Corporation 20 Montchanin Road ROBERT GUSTAFSON, Controller Wilmington, Delaware 19807 Columbia Energy Services Corp. 2581 Washington Road H. F. HAYES, Treasurer Upper Saint Clair, PA 15241 Commonwealth Propane, Inc. Columbia Propane Corporation 800 Moorefield Park Drive Richmond, Virginia 23236 - --------------------------------------------------------------------------- (Names and Addresses of Other Agents for Service) PAGE 3 The Application-Declaration previously filed is hereby amended by adding the following: Item 1. Description of Proposed Transaction. (a) Furnish a reasonably detailed and precise description of the proposed transaction, including a statement of the reasons why it is desired to consummate the transaction and the anticipated effect thereof. If the transaction is part of a general program, describe the program and its relation to the proposed transaction. Columbia requests the authorization of the Commission to increase the amount of short-term borrowings of Columbia Ohio by $40 million over the amount previously authorized by the Commission for the period ending December 31, 1994. Higher than anticipated prices for natural gas have raised the potential for additional short-term borrowing by Columbia Ohio for the period ending December 31, 1994. The Commission had previously authorized $162 million in short-term financing for Columbia Ohio. Columbia requests that the Commission increase the authorized amount of short-term borrowing by Columbia Ohio to $202 million in order to provide an adequate cushion against additional working capital requirements. The requested increase represents a contingency for higher gas prices of up to $1.00 per Mcf for the approximately 40 Bcf of inventory gas yet to be purchased by Columbia Ohio for the 1994-95 winter heating season. This borrowing, if needed, is a timing issue since the higher costs will be collected through increased gas costs in subsequent periods. PAGE 4 Funds will be advanced, repaid and reborrowed through December 31, 1994, with all such borrowings to be fully repaid by April 30, 1995. All short-term borrowings from Columbia will have the same terms and conditions as previously authorized by Order of the Commission dated September 29, 1993 (Release No. 35-25896; 70-8219) In connection with the Columbia Ohio proposed increase, Columbia requests Commission authorization to provide a total of $441.7 million in short-term borrowings to its subsidiaries, an increase of $40 million over the $401.7 million previously authorized by the Commission. Item 2. Fees, Commissions and Expenses. (a) State (1) the fees, commissions and expenses paid or incurred, or to be paid or incurred, directly or indirectly, in connection with the proposed transaction by the applicant or declarant or any associate company thereof, and (2) if the proposed transaction involves the sale of securities at competitive bidding, the fees and expenses to be paid to counsel selected by applicant or declarant to act for the successful bidder. Services of Columbia Gas System corporation in connection with the preparation of the Application-Declaration .................... 1,000 ------ Total ........................................ $1,000 ====== (b) If any person to whom fees or commissions have been or are to be paid in connection with the proposed transaction is an associate company or an affiliate of the applicant or declarant, or is an affiliate of an associate company, set forth the facts with respect thereto. PAGE 5 Columbia Gas System Service Corporation, a wholly-owned subsidiary of The Columbia Gas System, Inc., will perform certain services at cost as set forth in Item 2(a) above. Item 5. Procedure. (a) State the date when Commission action is requested. If the date is less than 40 days from the date of the original filing, set forth the reasons for acceleration. It is requested that the Commission issue its Notice by June 24, 1994 and its Supplemental Order on or before July 27, 1994. Item 6. Exhibits and Financial Statements. (a) Exhibits F-2 Opinion of Counsel (to be filed by Amendment) G-2 Proposed Notice (b) Financial Statements The Columbia Gas System, Inc. and Subsidiaries (1) Condensed Statements of Capitalization as of April 30, 1994 Actual and Pro Forma. (2) Condensed Statements of Income for the Twelve months ended April 30, 1994 Actual and Pro Forma. The Columbia Gas System, Inc. (1) Condensed Statements of Capitalization as of April 30, 1994 Actual and Pro Forma. (2) Condensed Statements of Income for the Twelve Months ended April 30, 1994 Actual and Pro Forma. PAGE 6 Columbia Gas of Ohio Inc. (1) Condensed Statements of Capitalization as of April 30, 1994 Actual and Pro Forma. (2) Condensed Statements of Income for the Twelve Months ended April 30, 1994 Actual and Pro Forma. PAGE 7 SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned companies have duly caused this Declaration to be signed on their behalf by the undersigned thereunto duly authorized. The signatures of the applicants and of the persons signing on their behalf are restricted to the information contained in this application which is pertinent to the application of the respective companies. THE COLUMBIA GAS SYSTEM, INC. Date: June 17, 1994 By: /s/ L. J. Bainter ----------------- L. J. Bainter Treasurer COLUMBIA GAS OF OHIO, INC. COLUMBIA GAS OF PENNSYLVANIA, INC. COLUMBIA GAS OF KENTUCKY, INC. COLUMBIA GAS OF MARYLAND, INC. COMMONWEALTH GAS SERVICES, INC. COLUMBIA GULF TRANSMISSION COMPANY COLUMBIA GAS DEVELOPMENT CORPORATION COLUMBIA PROPANE CORPORATION COMMONWEALTH PROPANE, INC. COLUMBIA GAS SYSTEM SERVICE CORPORATION COLUMBIA NATURAL RESOURCES, INC. COLUMBIA ATLANTIC TRADING CORPORATION COLUMBIA COAL GASIFICATION CORPORATION COLUMBIA LNG CORPORATION COLUMBIA ENERGY SERVICES CORPORATION TRISTAR VENTURES CORPORATION TRISTAR CAPITAL CORPORATION Dated: June 17, 1994 By: /s/ L. J. Bainter ----------------- L. J. Bainter Vice President PAGE 1 EXHIBIT INDEX (a) Exhibits F-2 Opinion of Counsel (to be filed by Amendment). G-2 Proposed Notice. EX-99.G-2 2 PROPOSED NOTICE PAGE 1 EXHIBIT G-2 SECURITIES AND EXCHANGE COMMISSION (Release No. ) The Columbia Gas System, Inc. and Subsidiaries Notice of Proposed Revision of Intrasystem Financing and Money Pool Programs for the period September 30, 1993 through December 31, 1994. The Columbia Gas System, Inc. ("Columbia"), a Delaware corporation and registered holding company and certain subsidiaries: COLUMBIA GAS OF OHIO, INC. ("Columbia Ohio") COLUMBIA GAS OF PENNSYLVANIA, INC. ("Columbia Pennsylvania") COLUMBIA GAS OF KENTUCKY, INC. ("Columbia Kentucky") COLUMBIA GAS OF MARYLAND, INC. ("Columbia Maryland") COMMONWEALTH GAS SERVICES, INC. ("Commonwealth Services") 200 Civic Center Drive Columbia, Ohio 43215 COLUMBIA GULF TRANSMISSION COMPANY ("Columbia Gulf") 1700 MacCorkle Avenue, S.E. Charleston, West Virginia 25314 COLUMBIA GAS DEVELOPMENT CORPORATION ("Development") 5847 San Felipe Houston, Texas 77057 COMMONWEALTH PROPANE, INC. ("Commonwealth Propane") COLUMBIA PROPANE CORPORATION ("Columbia Propane") 800 Moorefield Park Drive Richmond, Virginia 23236 COLUMBIA GAS SYSTEM SERVICE CORPORATION ("Service") COLUMBIA LNG CORPORATION ("Columbia LNG") COLUMBIA ATLANTIC TRADING CORPORATION ("Columbia Atlantic") COLUMBIA ENERGY SERVICES CORPORATION ("Energy Services") 2581 Washington Road Upper Saint Clair, PA 15241 TRISTAR VENTURES CORPORATION ("TriStar Ventures") TRISTAR CAPITAL CORPORATION ("TriStar Capital") 20 Montchanin Road Wilmington, Delaware 19807 COLUMBIA NATURAL RESOURCES, INC. ("Columbia Natural") COLUMBIA COAL GASIFICATION CORPORATION ("Coal Gasification") 900 Pennsylvania Ave. Charleston, West Virginia 25302 (the "Subsidiaries") have filed a joint application-declaration with this Commission pursuant to Sections 6, 7, 9, 10, 12(b) and 12(f) under the Public Utility Holding Company Act of 1935 (the "Act") and Rules 43, 45 and 50 thereunder. Columbia proposes to increase the amount of short-term borrowings of Columbia Ohio, one of its regulated subsidiaries, by $40 million over the amount previously authorized for the period. Higher than anticipated prices for natural gas have raised the potential for additional short-term borrowing by Columbia Ohio for the period. The Commission had previously authorized $162 million in short-term financing for Columbia Ohio. Columbia requests that the Commission increase the authorized amount to $202 million in order to provide an adequate cushion against unforeseen additional working capital requirements. Funds will be advanced, repaid and reborrowed through December 31, 1994, with all such borrowings to be fully repaid by April 30, 1995. All short-term borrowings from Columbia will have the same terms and conditions as previously authorized by Order of the Commission dated September 29, 1993 (Release No. 35-25896; 70-8219) The joint application-declaration and any amendments thereto are available for public inspection through the commission's Office of Public Reference. Interested persons wishing to comment or request a hearing should submit their views in writing by July ____, 1994, to the Secretary, Securities and Exchange Commission, Washington, D.C. 20549, and serve a copy on the applicants-declarants at the address specified above. Proof of service (by affidavit or, in case of an attorney-at-law, by certificate) should be filed with the request. Any request for a hearing shall identify specifically the issues of fact or law that are disputed. A person who so requests will be notified of any hearing, if ordered, and will receive a copy of any notice or order issued in this matter. After said date, the joint application-declaration, as filed or as it may be amended, may be permitted to become effective. For the Commission, by the Division of Investment Management, pursuant to delegated authority. Jonathan G. Katz Secretary THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES UNAUDITED 6(b)(1) CONDENSED STATEMENTS OF CAPITALIZATION ACTUAL AND PRO FORMA AS OF APRIL 30, 1994 ($000) CGS * CG COH ACTUAL CAPITALIZATION ---------- ---------- --------- Common Stock Equity Common Stock........................... 505,592 505,592 119,240 Additional Paid in Capital ............ 601,759 601,759 - Retained Earnings ..................... 337,596 337,596 265,217 Unearned Employee Compensation ........ (69,966) (69,966) - ---------- ---------- --------- Total Common Stock Equity ............... 1,374,981 1,374,981 384,457 ---------- ---------- --------- Long-Term Debt Existing Notes and Other Long-Term Debt 4,536 - 235,829 Additional Installment Notes .......... - - - ---------- ---------- --------- Total Long-Term Debt .................... 4,536 - 235,829 ---------- ---------- --------- TOTAL CAPITALIZATION .................... 1,379,517 1,374,981 620,286 ========== ========== ========= ================================================================================ ADJUSTMENTS TO CAPITALIZATION Common Stock Equity Common Stock........................... - - - Additional Paid in Capital ............ - - - Retained Earnings ..................... - - - Unearned Employee Compensation ........ - - - ---------- ---------- --------- Total Common Stock Equity ............... - - - ---------- ---------- --------- Long-Term Debt Existing Notes and Other Long-Term Debt - - - Additional Installment Notes .......... - - - ---------- ---------- --------- Total Long-Term Debt .................... - - - ---------- ---------- --------- TOTAL CAPITALIZATION .................... - - - ========== ========== ========= ================================================================================ PRO FORMA CAPITALIZATION Common Stock Equity Common Stock........................... 505,592 505,592 119,240 Additional Paid in Capital ............ 601,759 601,759 - Retained Earnings ..................... 337,596 337,596 265,217 Unearned Employee Compensation ........ (69,966) (69,966) - ---------- ---------- --------- Total Common Stock Equity ............... 1,374,981 1,374,981 384,457 ---------- ---------- --------- Long-Term Debt Existing Notes and Other Long-Term Debt 4,536 - 235,829 Additional Installment Notes .......... - - - ---------- ---------- --------- Total Long-Term Debt .................... 4,536 - 235,829 ---------- ---------- --------- TOTAL CAPITALIZATION .................... 1,379,517 1,374,981 620,286 ========== ========== ========= ================================================================================ * Consolidated Statement of Capitalization THE COLUMBIA GAS SYSTEM, INC. AND SUBSIDIARIES UNAUDITED 6(b)(2) CONDENSED STATEMENTS OF INCOME ACTUAL AND PRO FORMA TWELVE MONTHS ENDED APRIL 30, 1994 ($000) CGS * CG COH ACTUAL --------- --------- -------- Operating Income (Loss) ................. 355,824 (7,464) 64,347 --------- --------- -------- Other Income (Deductions) Interest income and other, net ........ (8,858) 222,106 2,940 Interest expense and related charges .. (79,020) (1,398) (12,315) Reorganization items, net ............. 13,830 (3,161) - --------- --------- -------- Total Other Income (Deductions) ......... (74,048) 217,547 (9,375) --------- --------- --------- Income before Income Taxes and Cumulative Effect of Accounting Change 281,776 210,083 54,972 Income Taxes ............................ 137,027 70,934 23,966 --------- --------- -------- Income before Cummulative Effect of Accounting Change .................. 144,749 139,149 31,006 Cummulative Effect of Change in Accounting for Postemployment Benefits (5,644) (44) - --------- --------- -------- NET INCOME .............................. 139,105 139,105 31,006 ========= ========= ======== ================================================================================ ADJUSTMENTS Operating Income (Loss) ................. - - - --------- --------- -------- Other Income (Deductions) Interest income and other, net ........ - - - Interest expense and related charges .. - - - Reorganization items, net ............. - - - --------- --------- -------- Total Other Income (Deductions) ......... - - - --------- --------- -------- Income before Income Taxes and Cummulative Effect of Accounting Change - - - Income Taxes ............................ - - - --------- --------- -------- Income before Cummulative Effect of Accounting Change .................. - - - Cummulative Effect of Change in Accounting for Postemployment Benefits - - - --------- --------- -------- NET INCOME .............................. - - - ========= ========= ======== ================================================================================ PRO FORMA Operating Income (Loss) ................. 355,824 (7,464) 64,347 --------- --------- -------- Other Income (Deductions) Interest income and other, net ........ (8,858) 222,106 2,940 Interest expense and related charges .. (79,020) (1,398) (12,315) Reorganization items, net ............. 13,830 (3,161) - -------- --------- -------- Total Other Income (Deductions) ......... (74,048) 217,547 (9,375) -------- --------- --------- Income before Income Taxes and Cummulative Effect of Accounting Change 281,776 210,083 54,972 Income Taxes ............................ 137,027 70,934 23,966 --------- --------- -------- Income before Cummulative Effect of Accounting Change... ............... 144,749 139,149 31,006 Cummulative Effect of Change in Accounting for Postemployment Benefits (5,644) (44) - --------- --------- -------- NET INCOME .............................. 139,105 139,105 31,006 ========= ========= ======== ================================================================================ * Consolidated Statement of Income -----END PRIVACY-ENHANCED MESSAGE-----