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COLUMBIA GAS COMPANIES GRANTED ADDITIONAL TIME TO FILE REORGANIZATION PLANS

 COLUMBIA GAS COMPANIES GRANTED ADDITIONAL TIME
 TO FILE REORGANIZATION PLANS
 WILMINGTON, Del., July 31 /PRNewswire/ -- The U.S. Bankruptcy Court for the District of Delaware today extended the periods under which The Columbia Gas System, Inc. (NYSE:CG), and its principal pipeline subsidiary, Columbia Gas Transmission Corp., have exclusive rights to file Chapter 11 reorganization plans until Nov. 25, 1992.
 The current exclusivity periods for both companies were to have expired today.
 The two companies have been operating as debtors in possession under Chapter 11 of the Bankruptcy Code since July 31, 1991.
 Columbia Chairman and CEO John Croom said, "The additional time provided by the extensions will enable the parent company and Columbia Transmission to continue efforts to resolve fundamental issues and to formulate reorganization plans that will have broad support among all parties."
 /delval/
 -0- 7/31/92
 /CONTACT: H. W. Chaddock, 302-429-5261, W. R. McLaughlin, 302-429-5443, or D.W. McFarland (analysts), 302-429-5363, or T.L. Hughes (analysts), 302-429-5471 or 302-429-5000, all of Columbia Gas System/
 (CG) CO: The Columbia Gas System, Inc.; Columbia Gas Transmission Corp. ST: Delaware IN: OIL SU:


MJ-CC -- PH032 -- 5744 07/31/92 16:13 EDT
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Publication:PR Newswire
Date:Jul 31, 1992
Words:193
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