TRANSCONTINENTAL <TGP> FILES NEW OFFER
Transcontinental Gas Pipe Line Corp
said that it is not willing to accept the Federal Energy
Regulatory Commission's conditioned approval of its proposed
offer of settlement dated May 13.
    Transco said it filed a revised settlement proposal which
would permit it to become an open access transporter while
restructuring gas sales services.
    The new offer includes a gas supply inventory charge to
customers who fail to buy 60 pct of their annual contract
quantities and 35 pct of their summer contract quantities.
 Reuter
