In the article titled “NiSource Puts Columbia Energy’s E&P Assets Up for Sale” in Natural Gas Intelligence, Oct. 14, 2002, the following paragraph should be substituted for paragraphs 7-9. Correcting and stating that the merger involved Columbia Energy Group instead of Columbia Energy Resources. NGI regrets the error.

The marriage of NiSource and Columbia Energy Group, which included the E&P unit, was the result of a hostile takeover in early 2000 which included lawsuits and an active campaign by then-Columbia executives to prevent it. With the merger NiSource commanded assets stretching from the Gulf of Mexico through the Midwest to the Northeast, with access to 30% of the U.S. population and 40% of U.S. energy consumption. The merger allowed NiSource to have the second largest volume of gas sales in the United States, with 911 MMcf/d and the most gas storage with 700 Bcf of capacity. The E&P assets represent just 5% of NiSource’s business. At the time of the merger, the combined company had an enterprise value of $13.7 billion. To make the sale of the E&P assets, NiSource has chosen Credit Suisse First Boston to act on its behalf.

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