INDUSTRY BRIEFS

COLUMBIA LNG CORP., a unit of Columbia Gas System Inc., Wilmington. Del., agreed to contribute its Cove Point, Md., liquefied natural gas terminal and associated pipeline assets as an equity interest in a joint venture with a unit of Potomac Electric Power Co. (Pepco), Washington, D.C., that is seeking FERC approval to provide peak shaving gas service starting in the 1995-96 winter. Pepco's subsidiary is to contribute equity and debt totaling $25 million to recommission certain Cove Point