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TEXAS GAS FILES $100 MILLION REGISTRATION STATEMENT

 TEXAS GAS FILES $100 MILLION REGISTRATION STATEMENT
 HOUSTON, June 16 /PRNewswire/ -- Texas Gas Transmission Corporation,


a subsidiary of Transco Energy Company (NYSE: E), today filed a registration statement with the Securities and Exchange Commission for the sale of $100 million of five-year notes.
 Proceeds from the sale of the notes will be used to refinance Texas Gas' 9.25 percent debentures maturing July 15, or to repay amounts borrowed to do so.
 The notes, to be issued in a public offering, will be general unsecured obligations of the company. The notes will not be redeemable prior to maturity.
 When approved for sale, the securities will be offered to the public by a group of underwriters, led by the First Boston Corporation, as well as Citicorp Securities Markets, Inc. and Lazard Freres & Co.
 Texas Gas, acquired by Transco in 1989, owns and operates a 6,200- mile pipeline system extending from the Louisiana Gulf Coast to Indiana and Ohio. Transco Energy Company transports natural gas through its interstate pipeline systems to markets in the eastern and midwestern United States, arranges for the transportation and sale of natural gas throughout the U.S., and is active in independent power generation and natural gas vehicle fueling services. Transco also maintains modest positions in other energy-related businesses.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 6/16/92
 /CONTACT: Katherine K. Putnam-media, 713-439-2455, or R. Dean Ayers-analyst, 713-439-2593, both of Transco Energy Company/
 (E) CO: Texas Gas Transmission Corp.; Transco Energy Company ST: Texas IN: OIL SU:


TQ -- NY047 -- 0654 06/16/92 11:55 EDT
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Publication:PR Newswire
Date:Jun 16, 1992
Words:352
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