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TRANSCO ENERGY ANNOUNCES SALE OF COMMON STOCK

 TRANSCO ENERGY ANNOUNCES SALE OF COMMON STOCK
 HOUSTON, Oct. 7 /PRNewswire/ -- Transco Energy Company (NYSE: E)


announced today the public offering of 7 million shares of common stock at $14.625 per share in simultaneous United States and international offerings. The First Boston Corporation; Kidder, Peabody & Co. Incorporated and Lazard
Freres & Co. are the underwriters of the U.S. syndicate offering. Credit Suisse First Boston Limited; Kidder,


Peabody International Limited; Lazard Brothers & Co., Limited and Swiss Bank Corporation are the lead managers of the international offering. The company has granted the underwriters and managers an option to purchase up to an additional 1.05 million shares to cover over- allotment.
 The company will use net proceeds from the sale of the common stock for general corporate purposes, including the repayment of short-term debt.
 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.
 -0- 10/7/92
 /CONTACT: Katherine K. Putnam (Media), 713-439-2455, or R. Dean Ayers (Investors), 713-439-2593, both of Transco Energy Company/
 (E) CO: Transco Energy Company ST: Texas IN: OIL SU:


SH -- NY004 -- 7336 10/07/92 08:33 EDT
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Publication:PR Newswire
Date:Oct 7, 1992
Words:228
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