PITTSBURGH, Oct. 20 /PRNewswire/ -- Consolidated Natural Gas Company
(NYSE: CNG) today announced the sale of $200 million of 6 percent debentures
due October 2010.
Merrill Lynch & Co., Salomon Smith Barney and Chase Securities Inc. were
selected to handle the issue, which is priced at 99.119 percent to the public.
The proceeds will be used for general corporate purposes, including reduction
of short-term debt and funding of capital expenditures.
Consolidated Natural Gas Company (CNG) 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 company extension, 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.
SOURCE Consolidated Natural Gas Company
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Related links:
http://www.cng.com
CONTACT:
Dan Donovan of Consolidated Natural Gas,
412-690-1370
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