TRANSCONTINENTAL &lt;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.
  

