WILKES-BARRE, Pa., Dec. 15 /PRNewswire/ -- Investors who own shares of
Pennsylvania Enterprises, Inc. (PEI) (NYSE: PNT) common stock now can have
their quarterly dividends deposited directly into bank accounts they
designate.
PEI shareowners are being informed of the program in this week's dividend
statement. Shareowners, if they choose, can have their dividends
electronically deposited into their accounts. The program will begin operating
with the March dividend.
"We're happy to offer this no-cost convenience to our shareowners," said
John F. Kell, PEI's Vice President of Finance.
The direct-deposit option is being added to PEI shareowner services that
include a Dividend Reinvestment Program (DRIP) and Customer Stock Purchase
Program.
The DRIP allows shareowners to purchase additional stock with part or all
of their quarterly dividends. Investors must own at least 20 shares to
participate in the program.
PEI since March has been operating a Customer Stock Purchase Program. The
program allows residential customers of any of PEI's subsidiaries, including
PG Energy, Honesdale Gas Company and PG Energy Power PowerPlus, to purchase
shares of Company stock at a 5 percent discount. There are no broker's fees
involved.
"We reintroduced this program early this year and it's proven to be
popular with our customers," Mr. Kell said. "It allows our customers to get a
little something back from their utility company or energy marketer and has
made the stock market accessible to many who otherwise wouldn't have this
investment option."
Customers can enroll in the stock program through the end of December. The
next enrollment period will be in March. Additional information is available
by contacting PEI's Customer Stock Purchase Plan, toll-free, at
1-888-700-7862.
Pennsylvania Enterprises is based in Wilkes-Barre. Its regulated
subsidiaries are PG Energy and Honesdale Gas Co. PEI's non-regulated
subsidiaries include PEI Power Corp., which is developing PEI Power Park in
Archbald, Theta Land Corp. and PG Energy Services. PG Energy Services markets
energy and energy-related services through PG Energy PowerPlus. PowerPlus has
been enrolling residential, commercial and industrial electricity customers
since November. Thousands of those customers will begin seeing lower
electricity bills early next year. PG Energy Services also markets home and
business security systems. Keystone Pipeline Inc., a PG Energy Services
subsidiary, specializes in the installation, maintenance and repair of utility
pipelines.
PEI news releases are available 24 hours a day by fax or by visiting the
Company website at http://www.pnt.com. To receive free faxed copies of its
news release, call 1-800-758-5804 on a touch-tone phone and use PEI's
ID # 684209.
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 Hambrose of PEI, 717-829-8756
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