PITTSBURGH, Dec. 21 /PRNewswire/ -- Consolidated Natural Gas Company
(NYSE: CNG) said today that it has completed its preparations for the year
2000 under budget.
"Not only are our systems critical for the delivery of natural gas updated
for the year 2000, but we've done it in a cost-effective manner," said George
A. Davidson, Jr., CNG's chairman and chief executive officer. "When CNG
started the Y2K project in 1997, we took a conservative approach and wanted to
make sure we allocated all the necessary resources, so we budgeted over
$20 million. Current estimates are the project will cost $12.5 million."
Davidson said CNG needed to update fewer software programs than expected
and tests showed that many of the computer chips in its process control
devices were not sensitive to dates.
"Our employees did an outstanding job of systematically examining and
testing our computer systems, especially those affecting the delivery of
natural gas," Davidson said. "We are looking forward to continuing to provide
quality service as we begin the year 2000."
The Year 2000 statements made in this news release are intended to serve
as Year 2000 Readiness Disclosures within the meaning of the Year 2000
Information and Readiness Disclosure Act.
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 (1-888-264-6397). 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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