Date: Thu, 18 Dec 1997 21:35:57 GMT
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National Fuel - Utility Operations

National Fuel Gas Distribution Corporation sells or transports natural gas to nearly 732,500 customers in western New York and northwestern Pennsylvania. Major areas served include Buffalo, Niagara Falls and Jamestown in New York, and Erie and Sharon in Pennsylvania. Its operations are regulated by a state Commission in each state. The company is keenly focused on customer service and the safe and efficient delivery of natural gas, in anticipation of an increasingly competitive retail energy marketplace.
1996 At a Glance
- Operating income increases 38% to $115.3 million.
- A two-year New York rate case settlement will limit rate increases to 1.1% in each of fiscal years 1997 and 1998.
- No rate case filing in Pennsylvania.
Outlook
- Continue to aggressively control costs while maintaining customer service.
- Make our system even more user-friendly to those desiring to sell gas on it.
- Seek profit-generating opportunities.