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PUBLIC SERVICE CO. OF COLORADO PROPOSES SUBSIDIARY MERGER

 PUBLIC SERVICE CO. OF COLORADO PROPOSES SUBSIDIARY MERGER
 DENVER, June 24 /PRNewswire/ -- Public Service Co. of Colo.'s


(NYSE: PSR) board of directors Tuesday approved a resolution to merge its natural gas transmission subsidiary -- Western Gas Supply Co. (WestGas) -- into the parent company's operations.
 This proposed merger requires the approval of the Colorado Public Utilities Commission (CPUC), and the company said it will file its formal application with the CPUC in the near future.
 According to Pete Middents, Public Service Co. senior vice president of gas operations, the proposed merger will not have any immediate impact on WestGas' or Public Service Co.'s natural gas rates to its customers.
 Middents said the merger is designed to better position Public Service Co. to compete in the restructured natural gas business and to more effectively meet new regulatory responsibilities, especially resulting from the issuance of the Federal Energy Regulatory Commission's Order 636.
 Originally organized in the 1920s, WestGas operates a natural gas pipeline system in the Rocky Mountain region. It is involved in purchasing, gathering, processing, transporting and storing natural gas.
 -0- 6/24/92
 /CONTACT: Public Service Co. of Colorado Media Relations, 303-294-8900/
 (PSR) CO: Public Service Co. of Colorado; Western Gas Supply Co.; Colorado
 Public Utilities Commission ST: Colorado IN: UTI SU: TNM


BB -- DV003 -- 3286 06/24/92 12:14 EDT
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Publication:PR Newswire
Date:Jun 24, 1992
Words:222
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