[Federal Register Volume 60, Number 140 (Friday, July 21, 1995)]
[Notices]
[Pages 37695-37696]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-17941]



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[[Page 37696]]


SECURITIES AND EXCHANGE COMMISSION
[Release No. 35-26333]


Filings Under the Public Utility Holding Company Act of 1935, as 
Amended (``Act'')

July 14, 1995.
    Notice is hereby given that the following filing(s) has/have been 
made with the Commission pursuant to provisions of the Act and rules 
promulgated thereunder. All interested persons are referred to the 
application(s) and/or declaration(s) for complete statements of the 
proposed transaction(s) summarized below. The application(s) and/or 
declaration(s) and any amendments thereto is/are available for public 
inspection through the Commission's Office of Public Reference.
    Interested persons wishing to comment or request a hearing on the 
application(s) and/or declaration(s) should submit their views in 
writing by August 7, 1995, to the Secretary, Securities and Exchange 
Commission, Washington, D.C. 20549, and serve a copy on the relevant 
applicant(s) and/or declarant(s) at the address(es) specified below. 
Proof of service (by affidavit or, in case of an attorney at law, by 
certificate) should be filed with the request. Any request for 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 the 
matter. After said date, the application(s) and/or declaration(s), as 
filed or as amended, may be granted and/or permitted to become 
effective.

Consolidated Natural Gas Co., et al. (70-8599)

    Consolidated Natural Gas Company (``Consolidated''), CNG Tower, 625 
Liberty Avenue, Pittsburgh, Pennsylvania 15222-3199, a registered 
holding company, and its wholly owned subsidiary, Consolidated System 
LNG Company (``Consolidated LNG''), CNG Tower, 625 Liberty Avenue, 
Pittsburgh, Pennsylvania 15222-3199, have filed a declaration under 
section 12(c) of the Act and rule 42 thereunder.
    Consolidated LNG, which for all practical purposes is a defunct 
company, proposes to buy back (at par) shares of its common stock, 
$10,000 par value per share, from time to time through December 31, 
2000, from Consolidated to effect a return of capital to the parent.
    Consolidated LNG has not made the standard payout of 100% of its 
liquid cash assets to Consolidated since 1988. A dividend of $2,502,000 
was declared on December 15, 1994 and paid on February 15, 1995, 
leaving $304,000 in retained earnings as of that date. Consolidated LNG 
proposes an initial return of capital to its parent of approximately 
$48,824,000, of which $48,520,000 will come from the stock buy-back, 
and $304,000 will be out of retained earnings. When combined with the 
1994 dividend of $2,502,000, the proposed transaction will achieve an 
approximate 100% payout of liquid cash assets to Consolidated. Future 
liquid cash assets will be paid by dividends out of retained earnings 
and additional stock buy-backs.

Central Ohio Coal Co., et al. (70-8639)

    Central Ohio Coal Company, Southern Ohio Coal, and Windsor Coal 
Company, all of 1 Riverside Plaza, Columbus, Ohio 43215 
(``Companies''), all subsidiary companies of Ohio Power Company (``Ohio 
Power''), an electric utility subsidiary company of American Electric 
Power Company, Inc., a registered holding company, have filed an 
application pursuant to sections 9 and 10 of the Act.

    The Companies propose to sell coal to non-associate companies 
through December 31, 2000. The Companies would sell the coal at a price 
in excess of the incremental cost to produce it and for the greatest 
amount practicable for coal produced from their mines within the 
competitive market, but in no case less than the incremental variable 
costs, including all fees, associated with the production of such coal. 
The Companies intend to utilize existing equipment and current 
employees to produce this coal.

    The revenues from sales of coal to non-associates will be credited 
to the costs of mining operations and will help reduce the price of 
coal sold to Ohio Power.


    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95-17941 Filed 7-20-95; 8:45 am]

BILLING CODE 8010-01-M