PEI to Sell Common Stock at a 5% Discount and Reactivates Customer Stock Purchase Plan

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PEI to Sell Common Stock at a 5% Discount and Reactivates Customer Stock Purchase Plan

    WILKES-BARRE, Pa., Feb. 9 /PRNewswire/ -- Pennsylvania Enterprises, Inc.
(PEI) (NYSE: PNT) announced today it has reactivated its Customer Stock
Purchase Plan which will allow residential customers of PEI's subsidiaries,
including PG Energy, Honesdale Gas Company, PG Energy PowerPlus and PG Energy
Propane, to purchase PEI Common Stock at a 5% discount from the market price.
    PEI also amended the Company's Dividend Reinvestment and Stock Purchase
Plan to provide for the purchase of PEI Common Stock at a 5% discount from the
market price.  Under the Dividend Reinvestment and Stock Purchase Plan,
participating shareholders can reinvest all or a portion of their quarterly
dividends and make additional monthly supplemental cash purchases.
    In addition to the 5% discount, shareholders and residential customers
will be able to purchase shares of PEI Common Stock through these Plans
without payment of brokerage commissions, service charges or other
administrative fees.
    Thomas F. Karam, President and CEO of PEI stated, "We are pleased to be
able to provide these investment plans as one way to better serve our
shareholders and customers.  The Plans are a convenient and economical way to
purchase Common Stock of PEI.  The proceeds raised from these plans will
provide funds to finance capital projects and strengthen the capital structure
of the Company."
    PEI shareholders and residential customers of PEI's subsidiaries will soon
receive information about these investment plans in the mail.  The offering of
PEI common stock pursuant to the Plans is made only by means of each Plan's
prospectus which can be obtained from PEI.  Shareholders and residential
customers interested in receiving a prospectus can call PEI's Investment
Services Department at 1-800-379-4PNT or e-mail the Company at
http://www.peimail@pnt.com.
    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 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 natural gas, electricity and propane through PG Energy
PowerPlus.
    PEI news releases are available 24 hours a day by fax machine or by
visiting the Company website on http://www.pnt.com.  To receive a fax copy of
our 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 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.

http://www.pnt.com CONTACT:
Albert G. Fereck of Pennsylvania Enterprises,
717-829-8756
CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
684209