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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950120-01-500300.txt : 20020413
<SEC-HEADER>0000950120-01-500300.hdr.sgml : 20020413
ACCESSION NUMBER:		0000950120-01-500300
CONFORMED SUBMISSION TYPE:	U-1/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20011214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATIONAL FUEL GAS CO
		CENTRAL INDEX KEY:			0000070145
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS DISTRIBUTION [4924]
		IRS NUMBER:				131086010
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		U-1/A
		SEC ACT:		1935 Act
		SEC FILE NUMBER:	070-09959
		FILM NUMBER:		1813704

	BUSINESS ADDRESS:	
		STREET 1:		10 LAFAYETTE SQ
		CITY:			BUFFALO
		STATE:			NY
		ZIP:			14203
		BUSINESS PHONE:		7168576980

	MAIL ADDRESS:	
		STREET 1:		10 LAFAYETTE SQ
		STREET 2:		10 LAFAYETTE SQ
		CITY:			BUFFALO
		STATE:			NY
		ZIP:			14203
</SEC-HEADER>
<DOCUMENT>
<TYPE>U-1/A
<SEQUENCE>1
<FILENAME>nfgu1aamend2.txt
<DESCRIPTION>FORM U-1/A (AMEND. 2)
<TEXT>
                         (As filed on December 14, 2001)

                                                                File No. 70-9959

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

            --------------------------------------------------------

                                   FORM U-1/A

                                 Amendment No. 2
                                       to
                           APPLICATION OR DECLARATION
                                    UNDER THE
                   PUBLIC UTILITY HOLDING COMPANY ACT OF 1935

            ---------------------------------------------------------

                            NATIONAL FUEL GAS COMPANY
                        HORIZON ENERGY DEVELOPMENT, INC.
               HORIZON ENERGY HOLDINGS, INC. AND ITS SUBSIDIARIES
                               10 Lafayette Square
                             Buffalo, New York 14203

                  (Names of companies filing this statement and
                    addresses of principal executive offices)

              -----------------------------------------------------

                            NATIONAL FUEL GAS COMPANY


                 (Name of top registered holding company parent)
              -----------------------------------------------------

                          Philip C. Ackerman, President
                            National Fuel Gas Company
                               10 Lafayette Square
                             Buffalo, New York 14203

                     (Name and address of agent for service)
             ------------------------------------------------------

              The Commission is requested to send copies of all
              notices, orders and communications in connection with
              this Application or Declaration to:


Ronald J. Tanski, Secretary and Treasurer      Michael F. Fitzpatrick, Jr., Esq.
Horizon Energy Development, Inc.               Thelen Reid & Priest LLP
10 Lafayette Square                            40 West 57th Street
Buffalo, New York  14203                       New York, New York 10019


<PAGE>


     The Application or Declaration filed in this proceeding on August 27, 2001,
as amended and restated by Amendment No. 1, filed October 26, 2001, is hereby
further amended as follows:

     1.  By adding the following sentence at the end of the first paragraph in
ITEM 1.9 - SUBSEQUENT REORGANIZATIONS AND CHANGES IN CAPITAL STOCK OF
           ----------------------------------------------------------
SUBSIDIARIES:
- ------------

     "If any such transaction is accounted for in accordance with foreign
     accounting rules that do not conform to U.S. GAAP, then the effects of the
     transaction will be reconciled to U.S. GAAP."

     2.  By filing the following exhibit as part of ITEM 6 - EXHIBITS AND
                                                            -------------
FINANCIAL STATEMENTS:
- --------------------

     F   Opinion of Counsel.


                                   SIGNATURES

         Pursuant to the requirements of the Public Utility Holding Company Act
of 1935, as amended, the undersigned companies have duly caused this amendment
filed herein to be signed on their behalf by the undersigned thereunto duly
authorized.

                                         NATIONAL FUEL GAS COMPANY
                                         HORIZON ENERGY DEVELOPMENT, INC.
                                         HORIZON ENERGY HOLDINGS, INC.

                                         By: /s/  P.C. Ackerman
                                             -----------------------------------
                                             Name:   P.C. Ackerman
                                             Title:  President

Date:  December 14, 2001

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ex-f.txt
<DESCRIPTION>EX.F OPINION OF COUNSEL
<TEXT>

                                                                       Exhibit F


                                                     December 10, 2001


Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549


     Re: National Fuel Gas Company, et al. - Application-Declaration on Form U-1
         File No. 70-9959


Ladies and Gentlemen:

         This opinion relates to the application-declaration, filed on August
27, 2001, as amended (the "Application"), by National Fuel Gas Company
("National"), a registered holding company under the Public Utility Holding
Company Act of 1935, as amended (the "Act"), its wholly-owned subsidiary,
Horizon Energy Development, Inc. ("Horizon"), and certain subsidiaries of
Horizon (collectively, the "Applicants"). I have acted as counsel for the
Applicants in connection with the Application. Capitalized terms used but not
defined herein have the respective meanings assigned thereto in the Application.

         As described in the Application, the Applicants are seeking
authorization for: (i) Horizon to engage in Development Activities relating to
potential investments in Exempt Subsidiaries, Rule 58 Subsidiaries, and other
types of Authorized Subsidiaries; (ii) National or Horizon to acquire, directly
or indirectly, the equity securities of one or more Intermediate Subsidiaries;
(iii) Horizon and any Intermediate Subsidiaries to provide Project Services and
sell goods to other subsidiary companies of Horizon at fair market prices,
subject to certain limitations; (iv) Horizon and any Intermediate Subsidiaries
to provide Guarantees with respect to obligations of any other subsidiary
companies of Horizon in an aggregate principal or nominal amount not to exceed
$200 million at any one time outstanding, in addition to any guarantees that are
exempt pursuant to Rule 45(b) and/or Rule 52; (v) National, Horizon and any
Intermediate Subsidiaries to make loans to any other less than wholly-owned
subsidiary of Horizon at interest rates and maturities designed to provide a
return to the lending company of not less than its effective cost of capital;
(vi) National, Horizon, and any Non-Exempt Subsidiaries to reorganize the
ownership


<PAGE>

Securities and Exchange Commission
Page 2
December 10, 2001


structure and change the terms of the authorized stock capitalization of Horizon
or any Non-Exempt Subsidiaries, without further authorization of the Commission,
provided that, if such subsidiary is less than wholly owned, all other
shareholders consent to such change; (vii) Horizon or any Intermediate
Subsidiary to provide energy project consulting services to unaffiliated third
parties in both the United States and foreign countries; and (viii) Horizon and
any Non-Exempt Subsidiaries to pay dividends out of capital and unearned surplus
and/or acquire, retire or redeem securities issued to associate companies to the
extent allowed under applicable law and the terms of any credit or security
instruments to which they may be parties (the "Proposed Transactions").

         In connection with the opinions given herein, I have examined original,
certified, or conformed copies of all such corporate records, agreements,
instruments, and documents and have made such other investigations as I have
deemed necessary or appropriate for the purpose of rendering this opinion. In my
examination, I have assumed the genuineness of all signatures, the authenticity
of all documents submitted to me as originals and the conformity to originals of
all documents submitted to me as conformed copies.

         The opinions expressed below with respect to the Proposed Transactions
are subject to the following assumptions and conditions:

         (a) The Proposed Transactions shall have been duly authorized and
approved, to the extent required by the governing documents and applicable state
laws, by the Boards of Directors of National, Horizon and the other Applicants,
as applicable.

         (b) The Commission shall have duly entered an appropriate order or
orders with respect to the Proposed Transactions as described in the Application
granting and permitting the Application to become effective under the Act and
the rules and regulations thereunder and the Proposed Transactions are
consummated in accordance with the Application and said order or orders.

         (c) National, Horizon and the other Applicants shall have obtained all
consents, waivers and releases, if any, required for the Proposed Transactions
under all applicable governing corporate documents, contracts, agreements, debt
instruments, indentures, franchises, licenses and permits.

         (d) No act or event other than as described herein shall have occurred
subsequent to the date hereof which would change the opinions expressed above.



<PAGE>

Securities and Exchange Commission
Page 3
December 10, 2001


         (e) The consummation of the Proposed Transactions shall be conducted
under my supervision and all legal matters incident thereto shall be
satisfactory to me, including the receipt in satisfactory form of opinions of
other counsel qualified to practice in jurisdictions in which I am not admitted
to practice, as I may deem appropriate.

         I am licensed to practice in the State of New York, and the opinions
expressed herein are limited to the laws of such jurisdiction. Based upon the
foregoing and subject to the qualifications and assumptions hereinafter set
forth, I am of the opinion that:

         (a) All state laws applicable to the Proposed Transactions will have
been complied with;

         (b) (i) National, Horizon and the other Applicants are each validly
organized and duly existing under the laws of the respective State in which they
are organized; (ii) any stock or other equity securities to be issued by any
Intermediate Subsidiary will be validly issued, fully paid and nonassessable,
and the holders thereof will be entitled to the rights and privileges
appertaining thereto set forth in the applicable certificates of incorporation
which define such rights and privileges; and (iii) any debt securities to be
issued by Horizon or any Non-Exempt Subsidiary will be valid and binding
obligations of the issuer or guarantor in accordance with their terms;

         (c) The Applicants will legally acquire any securities or assets being
acquired; and

         (d) The consummation of the Proposed Transactions will not violate the
legal rights of the holders of any securities issued by National or any
associate company of National.

         I hereby consent to the use of this opinion in connection with the
Application. The opinions given herein are intended solely for the use of the
Commission and may not be relied upon by any other person.


                                                     Very truly yours,

                                                     /s/ James R. Peterson

                                                     James R. Peterson

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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