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ANR FILES RESTRUCTURING AND RATE CASE SETTLEMENT

 ANR FILES RESTRUCTURING AND RATE CASE SETTLEMENT
 DETROIT, March 10 /PRNewswire/ -- ANR Pipeline Company today


announced that it has filed with the Federal Energy Regulatory Commission (FERC) for approval of a comprehensive settlement that would restructure services and rates on its system.
 The settlement would provide a broad array of new services which gives ANR customers substantial flexibility in contracting for supply, storage and transportation services.
 Under the terms of the settlement, ANR would render a rebundled no- notice, city-gate sales service under a market-based pricing mechanism. Moreover, customers electing ANR's merchant service would decide each month, based on negotiated prices, whether they want to purchase ANR system supply or opt for third-party supply and use their committed transportation capacity for delivery of that supply to market.
 Under an annual release quantity mechanism, customers contracting for ANR's sales service also would have the option each year of converting a portion of their purchase entitlements to firm transportation service, firm storage service or ANR's new comprehensive delivery service.
 ANR's new comprehensive transportation and storage delivery service is also a no-notice, city-gate service. Those customers electing it would be responsible for purchasing their own gas. Otherwise, the terms of service would be the same as for the transportation of gas purchased from ANR.
 In addition, ANR would agree to make a number of changes to improve the quality and flexibility of its transportation and storage services, including the implementation of capacity assignment and pooling programs.
 "What ANR has negotiated is a settlement that combines cost- competitiveness with reliability of both service and supply, while meeting FERC's desire for comparability of service," said William P. Vititoe, president and chief executive officer of ANR Pipeline Company.
 ANR's settlement, in fact, contains a unique dispute resolution process that allows ANR and all parties to review the services agreed to in the settlement to assure that they continue to be comparable and market responsive. The review process will be initiated in May 1993.
 ANR Pipeline Company is a subsidiary of The Coastal Corporation (NYSE: CGP), a Houston-based energy holding company with consolidated assets of $9 billion and subsidiary operations in natural gas transmission and storage, refining and marketing, oil and gas exploration and production, coal, chemicals, trucking and independent power production.
 -0- 3/10/92
 /CONTACT: Marian Droll of ANR Pipeline Company, 313-496-3756/
 (CGP) CO: ANR Pipeline Company; The Coastal Corporation ST: Michigan, Texas IN: OIL SU:


DH -- DE021 -- 6991 03/10/92 15:30 EST
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Publication:PR Newswire
Date:Mar 10, 1992
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