


                                                         Exhibit 99.2

                               [DESTEC LETTERHEAD]

                             INVESTOR CONTACT: Richard H. Woodfin  
                                               713/735-4022        
                                MEDIA CONTACT: Marvin L. Brown, Jr.
                                               713/735-4215        
                                               February 18, 1997   

                Destec Energy, Inc. Announces Merger Agreement
                 for Acquisition of Destec by NGC Corporation

               Destec Energy, Inc. (NYSE:ENG) announced that its
          Board of Directors has approved a Merger Agreement under
          which NGC Corporation (NYSE:NGL) will acquire Destec in a
          merger for $21.65 in cash for each outstanding share of
          Destec common stock, or approximately $1.27 billion in
          the aggregate.  Following the Merger, Destec will become
          a wholly owned subsidiary of NGC.

               More than 80 percent of Destec's shares are
          currently held by The Dow Chemical Company, which has
          agreed to vote its Destec shares in favor of the Merger.

               Charles F. Goff, Chairman and Chief Executive
          Officer of Destec, stated. "I am delighted to make this
          announcement today.  Our proposed merger with NGC at
          $21.65 per share, in the judgment of our entire Board,
          represents outstanding value for all of our shareholders. 
          We also believe that the merger represents a good
          opportunity for Destec employees, since NGC is not
          presently in the independent power business and plans to
          continue to grow the business."

               The consummation of the Merger is subject to certain
          conditions, including the approval by the holders of two-
          thirds of Destec's outstanding common stock, federal
          antitrust authorities and the Federal Energy Regulatory
          Commission.

               Morgan Stanley & Co. Incorporated acted as financial
          advisor to Destec for this transaction.

               Destec is a major, worldwide independent power
          developer, producer and marketer that owns power
          generation and gasification facilities which produce,
          sell and market electricity, steam and synthetic fuel
          gas.  Destec has interests in 24 operating projects with
          a total rated equivalent capacity of approximately 5,136
          megawatts of electricity and over three million pounds
          per hour of steam.  Destec currently has eight projects,
          representing more than 3,000 megawatts of capacity, in
          construction or advanced development.


