Colonial Gas Company To Begin Trading On The New York Stock Exchange.LOWELL, Mass.--(BUSINESS WIRE)--Sept. 17, 1997--Colonial Gas Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CGES CGES Centre for Global Energy Studies ) announced today that it will begin trading on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. on September 18, 1997 under the symbol "CLG". New York Stock Exchange Chairman and Chief Executive Officer Richard A. Grasso said "We are pleased to welcome Colonial Gas Company to the New York Stock Exchange. With a commitment to customer growth, cost containment, and cutting-edge technology, Colonial has uniquely positioned itself to succeed in the age of deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. . As one of the fastest growing natural gas utilities in New England, we are confident that Colonial and the NYSE NYSE See: New York Stock Exchange will have an outstanding partnership." "This is an historic day for Colonial Gas Company," said F. L. Putnam, Jr., Chairman of the Board and Senior Executive Officer. "We believe our listing on the New York Stock Exchange will benefit our shareholders with increased trading efficiency, lower volatility and increased liquidity through a larger base of potential investors. No other exchange in the world can offer these benefits. This is a significant event for our shareholders, co-workers, and customers and another step in Colonial's continued growth and success." Photos/Video/Audio Available: Video footage of Colonial Gas Company officials at the Exchange will be fed from 2:30-2:45 P.M. (E.S.T.) and can be accessed through Galaxy C4, Transponder 10; NR Loop #102362; and Waterfront #1630. Photos will be provided to Associated Press, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Additional photos can be obtained upon request. Note: News media interested in covering the event should contact the NYSE at (212) 656-2065 and report to the Exchange's 18 Broad St. Entrance at 9:00 A.M. on September 18, 1997. Colonial Gas Company, a Massachusetts corporation formed in 1849, is primarily a regulated natural gas distribution utility. The Company serves over 149,000 utility customers in 24 municipalities located northwest of Boston and on Cape Cod. Through its subsidiary, Transgas Inc., the Company also provides over-the-road transportation of liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. , propane, and other commodities. CONTACT: Colonial Gas Company Brian Norris, 978-322-3435 |
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