WILKES BARRE, Pa., July 17 /PRNewswire/ -- Pennsylvania Enterprises, Inc.
(PEI)(NYSE: PNT) today announced a 30 cent-per-share dividend on its common
stock for the third quarter of 1998. PG Energy Inc., the natural gas
subsidiary of PEI, also declared dividends for the third quarter for all
series of its preferred stock. All PEI and PG Energy dividends declared are
payable September 15, 1998, to shareholders of record on September 1, 1998.
PEI is a holding company with regulated and nonregulated subsidiaries.
The regulated group consists of PG Energy and its subsidiary, Honesdale Gas
Company, which together provide natural gas to approximately 150,000 customers
in thirteen counties in northeastern and central Pennsylvania. The
nonregulated group consists of PEI Power Corporation, Theta Land Corporation
and PG Energy Services and its subsidiary, Keystone Pipeline Services, Inc.
PG Energy Services markets energy and energy products in a 26-county area of
central and northeastern Pennsylvania under the name PG Energy PowerPlus. In
addition to energy products PG Energy PowerPlus markets home and business
security systems, fire detection and environmental hazard monitoring systems
and Custom Care, a service maintenance contract for gas-fired heating
equipment and appliances.
PEI news releases are available 24 hours a day by fax machine or by
visiting the Company website at http://www.pnt.com. To receive a faxed copy
of the Company's news release, call 1-800-758-5804 on a touch tone phone and
use PEI's ID # 684209. Follow the prompted instructions to receive a copy of
the most recent news release or a menu of the latest news releases. Company
news will be faxed to you immediately without charge.
SOURCE Pennsylvania Enterprises, Inc.
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Related links:
http://www.pnt.com
Company News On-Call: http://www.prnewswire.com or
fax, 800-758-5804, ext. 684209
CONTACT:
John J. Hambrose of Pennsylvania Enterprises,
717-829-8756
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