PEI and PG Energy Declare Regular Quarterly Dividends

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PEI and PG Energy Declare Regular Quarterly Dividends
    WILKES-BARRE, Pa., Oct. 29 /PRNewswire/ -- Pennsylvania Enterprises, Inc.
(NYSE: PNT) (PEI) announced today that it declared a dividend for the fourth
quarter of 1997 of $0.30 per common share.  Also, PG Energy Inc., the natural
gas utility subsidiary of PEI, declared dividends for the fourth quarter on
all series of its preferred stock.  All dividends declared are payable
December 15, 1997, to shareowners of record on December 1, 1997.
    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 provide natural gas to approximately 148,000 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.
    PEI news releases are available 24 hours a day by fax machine or by
visiting the Company Web site on http://www.pnt.com.  To receive a fax copy of
the Company's news releases call 1-800-758-5804 on a touch tone phone and use
PEI's ID No. 684209.  Follow the prompted instructions to receive a copy of
the Company's most recent news release or a menu of the Company's latest news
releases.  Company news will be faxed to you immediately without charge.
SOURCE Pennsylvania Enterprises, Inc.