CTG Resources Announces That CNG Corporation Has Filed Written Exceptions in Rate Case.Business Editors HARTFORD, Conn.--(BUSINESS WIRE)--April 27, 2000 CTG CTG Cartridge CTG Center for Technology in Government (SUNY, Albany, New York) CTG Center for Technology in Government CTG Computer Task Group (IT consulting company; Buffalo, NY, USA) Resources, Inc. (NYSE NYSE See: New York Stock Exchange :CTG) today announced that Connecticut Natural Gas Corporation, its wholly-owned subsidiary, has filed written exceptions to the Draft Decision issued by the Connecticut Department of Public Utility Control (DPUC DPUC Department of Public Utility Control (Connecticut) ) in Connecticut Natural Gas Corporation's rate case. In its written exceptions, the company noted material computational errors which are contained in the Draft Decision, and requested reconsideration of several conclusions reached by the DPUC relating to, among other things, property taxes, return on equity, the interruptible margin target and weather-normalization. CTG Resources, Inc. is hopeful that the final order, which is expected on May 5, 2000, will reflect the written exceptions. CTG Resources, Inc. is the holding company of Connecticut Natural Gas Corporation and its unregulated subsidiary, The Energy Network. CTG is engaged in a number of energy-related businesses under The Energy Network. CTG's home page on the internet is www.ctgcorp.com. On June 30, 1999, CTG Resources and Energy East Corporation (NYSE:NEG) entered into a definitive merger agreement under which CTG will become a wholly-owned subsidiary of Energy East. Energy East Corporation is a super-regional energy services and delivery company in the Northeast. Energy East is a leader in promoting competition and is committed to profitably growing its energy infrastructure. In February 2000, Energy East successfully completed its merger with Connecticut Energy. Its remaining three mergers with CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information Group, Inc. (NYSE:CTP CTP (cytidine triphosphate): see cytosine. (1) (Computer-To-Plate) The production of printing plates directly from the computer without requiring film as an intermediate step. ), CTG Resources, Inc., and Berkshire Energy Resources (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). :BERK) are awaiting SEC approval for Energy East to become a register holding company, which is expected by the end of the second quarter 2000. Upon completion of these transactions, Energy East, will serve more than 1.3 million electric customers and nearly 600,000 gas customers in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and New England. Energy East's home page on the Internet is www.engyeast.com. |
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