 |
Gas News Release
August 27, 1999
Ronald L. Adams to Leave Consolidated Natural Gas; Interim
Management Structure for Regulated Businesses Put in Place
PITTSBURGH -- 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., 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: 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.
# # #
For further information contact:
Dan Donovan
412-690-1370
|
 |