PITTSBURGH, Aug. 27 /PRNewswire/ -- Consolidated Natural Gas Company
(NYSE: CNG) announced today that Ronald L. Adams, senior vice president,
regulated business, has decided to leave the company effective September 1,
1999.
"Ron has made many valuable contributions to CNG," said George A.
Davidson, Jr., chairman and chief executive officer. "He has demonstrated
leadership, vision and creativity in everything he has done. He has
consistently worked to find new and better ways to serve CNG's customers. We
wish him the best in the future."
With the departure of Mr. Adams, the company has put in place an interim
management structure for its local gas distribution utilities and interstate
pipeline and storage system until the previously announced merger with
Dominion Resources, Inc. (NYSE: D), is completed.
Effective immediately, reporting to Mr. Davidson are:
-- Jimmy D. Staton, senior vice president, distribution operations. He is
in charge of distribution operations, customer service, engineering and
operations services, and financial reporting at The East Ohio Gas Company, The
Peoples Natural Gas Company, and Hope Gas, Inc.
-- Gary L. Sypolt, senior vice president, pipeline operations. He is in
charge of CNG Transmission Corporation pipeline and storage operations,
including natural gas gathering, engineering, gas control, and financial
reporting.
-- Paul D. Koonce, senior vice president, commercial operations. He is in
charge of regulated business wholesale and mass-market marketing, rates and
regulatory affairs, gas supply, large-volume sales, and commercial technology
and technology support.
-- William A. Fox, senior vice president, Virginia gas distribution. He
is in charge of the Virginia Natural Gas, Inc., local gas distribution utility
and preparations for the previously announced plans to sell that company if it
is required as a condition for regulatory approval of the CNG/Dominion
Resources merger.
Consolidated Natural Gas Company is one of the nation's largest producers,
transporters, distributors and retail marketers of natural gas. The company's
natural gas transmission and distribution operations serve customers in
Pennsylvania, Ohio, Virginia, West Virginia, New York and other states in the
Northeast and Mid-Atlantic regions. CNG explores for and produces oil and
natural gas in the United States and Canada. The company also selectively
participates in energy businesses abroad.
CNG's recent news releases are available 24 hours a day on the Internet,
by fax machine, or by voice recording. On the Internet, use CNG's Web site:
http://www.cng.com. For faxing, call 1-800-758-5804 on a touch-tone phone and enter
CNG's extension number, which is 203456. From a menu, you will then be able
to select releases that will be faxed to you immediately without charge. For
voice recordings, call 1-888-CNG-NEWS. This line is toll-free.
This press release contains forward-looking statements. The company
wishes to caution readers that the assumptions which form the basis for
forward-looking statements with respect to or that may impact earnings for
fiscal 1999, and thereafter, include many factors that are beyond the
company's ability to control or estimate precisely, such as estimates of
future market conditions and the behavior of other market participants. Other
factors include, but are not limited to, weather conditions, economic
conditions in the company's service territory, fluctuations in energy-related
commodity prices, conversion activity, other marketing efforts and other
uncertainties.
SOURCE Consolidated Natural Gas Company
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CONTACT: Chet Wade of Consolidated Natural Gas, 412-690-1361
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