WILKES-BARRE, Pa., Oct. 29 /PRNewswire/ -- Pennsylvania Enterprises, Inc.
(PEI) (NYSE: PNT) announced that effective today, it will suspend a feature of
its Dividend Reinvestment and Stock Purchase Plan ("the Plan").
Due to PEI's pending merger with Southern Union Company (NYSE: SUG),
Austin, TX, PEI's agent for the Plan, ChaseMellon Shareholder Services, will
no longer be permitted to sell shares for Plan participants.
PEI and Southern Union Company reached a definitive merger agreement on
June 7. PEI and Southern Union Company shareholders voted for the merger on
October 19. All regulatory approvals, including that of the Pennsylvania
Public Utility Commission, have been received.
Southern Union Company is an international energy distribution company,
serving more than one million customers through: three divisions -- Southern
Union Gas, Missouri Gas Energy and Atlantic Utilities; SUPro Energy Company
and Atlantic Gas Corporation, its propane distribution subsidiaries; and its
equity ownership in a natural gas distribution company serving Piedras Negras,
Mexico. In Texas, Southern Union Gas serves approximately 513,000 customers,
including the cities of Austin, El Paso, Brownsville, Galveston and Port
Arthur. Missouri Gas Energy serves approximately 484,000 customers in western
Missouri, including the cities of Kansas City, St. Joseph, Joplin and Monett.
Visit Southern Union's web site at http://www.southernunionco.com.
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 152,000 customers
in 13 counties in northeastern and central Pennsylvania. The nonregulated
group consists of PEI Power Corporation, Theta Land Corporation and PG Energy
Services Inc. and its subsidiary, Keystone Pipeline Services, Inc. PG Energy
Services markets energy and energy-related products and services in
Pennsylvania under the name PG Energy PowerPlus. Visit PEI's web site at
http://www.pnt.com.
This release and other reports and statements issued or made from time to
time by either company contain certain "forward-looking statements" concerning
projected future performance or expectations. Both companies caution that
actual developments may differ materially from such projections or
expectations.
SOURCE Pennsylvania Enterprises, Inc.
 back to top
Related links:
http://www.pnt.com
CONTACT:
Jennifer K. Cawley of Pennsylvania
Enterprises, 570-829-8839, or George Yankowski, Director of
Investor Relations & Treasurer of Southern Union, 512-370-8305
/Company News On-Call:
http://www.prnewswire.com/comp/684209.html or fax, 800-758-5804,
ext. 684209
|
