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Gas News Release
September 21, 1999
Consolidated Natural Gas Sells $400 Million of 7.25% Notes
PITTSBURGH -- Consolidated Natural Gas Company today announced
the sale of $400 million of 7.25 percent noncallable notes due October 2004.
Chase Securities Inc. is the lead underwriter for the issue,
which is priced at 99.77 percent to the public. The proceeds will be used for
general corporate purposes, including capital expenditures and the reduction
of short-term debt.
Consolidated Natural Gas Company (NYSE: 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 Ohio, Pennsylvania, 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, and makes selective
investments abroad.
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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 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.
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For further information contact:
Dan Donovan
412-690-1370
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