WILKES-BARRE, Pa., Oct. 28 /PRNewswire/ -- Pennsylvania Enterprises, Inc.
(PEI) (NYSE: PNT) today announced a 30 cent-per-share dividend on its common
stock for the fourth quarter of 1998. PG Energy Inc., the natural gas
subsidiary of PEI, also declared dividends for the fourth quarter on the 4.10%
and 5.75% series of its preferred stock. Both the PEI and PG Energy dividends
declared are payable December 15 to shareholders of record on December 1.
PG Energy also announced today that it is calling its 9% Depository
Preferred Shares for redemption on December 1. Those shares will be redeemed
at the optional redemption price of $26 per share plus accrued dividends to
the redemption date of 46.9780 cents per share.
PEI 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 about 150,000 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 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 natural gas- and propane-
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 our 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 our most
recent news release or a menu of our 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/comp/684209.html or fax,
800-758-5804, ext. 684209
CONTACT:
John J. Hambrose of PEI, 717-829-8756
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