WILKES-BARRE, Pa., Aug. 4 /PRNewswire/ -- The Pennsylvania Enterprises,
Inc. (PEI) (NYSE: PNT), Board of Directors today approved a 30 cent-per-share
dividend on its common stock for the third quarter of 1999.
PG Energy Inc., the natural gas subsidiary of PEI, also declared dividends
for the third quarter on the 4.10 percent and 5.75 percent series of its
preferred stock.
All dividends are payable September 15, 1999 to shareowners of record on
September 1, 1999.
PEI, based in Wilkes-Barre, is a holding company with regulated and non-
regulated subsidiaries. The regulated group consists of PG Energy and its
subsidiary, Honesdale Gas Company, which together deliver natural gas to more
than 153,000 customers in 13 counties in northeastern and central
Pennsylvania. The non-regulated 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 large area of
Pennsylvania. PG Energy Services, under the marketing name of PG Energy
PowerPlus, sells natural gas and is marketing electricity to residential,
commercial and industrial customers participating in Pennsylvania's Electric
Choice Program.
PG Energy PowerPlus also markets home and business security systems, fire
detection and environmental hazard monitoring systems and Custom Care, a
service maintenance contract for natural gas- and propane-fired heating
equipment and appliances.
PEI in June announced that it had reached a definitive merger agreement
with Southern Union Company of Austin, Texas. Additional information about
PEI and its merger agreement with Southern Union Company is available 24 hours
a day by visiting the PEI web site at http://www.pnt.com or the Southern Union web
site at http://www.southernunionco.com.
Selected PEI press releases are available by fax by calling 1-800-758-5804
on a touch-tone phone. By using PEI's identification number 684209 and
following the prompted instructions, 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/comp/684209.html or fax,
800-758-5804, ext. 684209
CONTACT:
John J. Hambrose of Pennsylvania Enterprises,
570-829-8756
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