Connecticut Natural Gas to File Motion for Reconsideration.Business Editors HARTFORD, Conn.--(BUSINESS WIRE)--June 2, 2000 Connecticut Natural Gas Corporation intends to file a Motion for Reconsideration with the Connecticut Department of Public Utility Control. The company is requesting the DPUC DPUC Department of Public Utility Control (Connecticut) to revisit their refusal to allow CNG to recover the full amount of the property taxes the company pays to the City of Hartford. The property tax issue is one of several company proposals that the Department rejected in a final rate Decision issued on May 25, 2000. "CNG filed a rate proposal only after careful consideration and evaluation. What we proposed was thoughtful and fully supported by the facts," said Arthur C. Marquardt, CNG chief executive officer. "We were very disappointed with the DPUC Decision. In addition to filing this motion requesting reconsideration of the property tax issue, we are reviewing the remainder of the decision and exploring the legal options and remedies available to us." CTG Resources, Inc. (NYSE NYSE See: New York Stock Exchange :CTG) 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, the Board of Directors of CTG and Energy East Corporation (NYSE:NEG) announced that the companies signed a definitive merger agreement under which CTG will become a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Energy East. Energy East Corporation (NYSE: NEG) 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. Upon completion of its merger transactions with Connecticut Energy Corporation (NYSE:CNE), 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. (NYSE: CTG), and Berkshire Energy Resources (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). :BERK), Energy East, with its subsidiary, New York State Electric & Gas Corporation (NYSEG NYSEG New York State Electric & Gas (utility) ), will serve more than 1.3 million electric customers and nearly 600,000 gas customers New York and New England. Energy East's home page on the Internet is www.engyeast.com. |
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