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Gas News Release
April 22, 1999
Consolidated Natural Gas Issues Statement
PITTSBURGH -- Responding to a commentary today by a financial
analyst, Consolidated Natural Gas Company (NYSE: CNG) said it has not expressed
any opinions for or against a proposal received April 18 from Columbia Energy
Group. As was said previously, CNG is reviewing the Columbia proposal.
It should be noted that CNG has a definitive merger agreement
with Dominion Resources, Inc.
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: 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.
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For further information contact:
Dan Donovan
412-690-1370
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