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COLUMBIA COMPANIES EXCLUSIVITY PERIODS EXTENDED; NO OFFERS TO ACQUIRE TRANSMISSION COMPANY HAVE BEEN MADE

 WILMINGTON, Del., Dec. 29 /PRNewswire/ -- The U.S. Bankruptcy Court for the District of Delaware today extended until March 22, 1994, the periods during which The Columbia Gas System, Inc. (NYSE: CG) and its principal pipeline subsidiary, Columbia Gas Transmission Corp., have the exclusive right to file Chapter 11 plans of reorganization.
 The two companies, which have been operating as debtors in possession under Chapter 11 of the Bankruptcy Code since July 31, 1991, have been granted six prior extensions.
 At today's Bankruptcy Court hearing, a spokesman for Columbia Transmission's Official Committee of Unsecured Creditors said that third parties had expressed interest in acquiring Columbia Transmission.
 In a statement released following the hearing, Columbia said it was aware of third party interest in Columbia Gas Transmission and pointed out such interest is not uncommon when a company is operating under Chapter 11 protection. Columbia stressed that no offers to acquire Columbia Transmission have been made.
 /delval/
 -0- 12/29/93
 /CONTACT: H.W. Chaddock, 302-429-5261, or (financial), T.L. Hughes, 302-429-5363, of Columbia Gas/
 (CG)


CO: The Columbia Gas System, Inc.; Columbia Gas Transmission Corp. ST: Delaware IN: OIL SU: BCY

MK -- PH010 -- 7816 12/29/93 13:56 EST
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Publication:PR Newswire
Date:Dec 29, 1993
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