WILKES-BARRE, Pa., April 30, /PRNewswire/ -- Pennsylvania Enterprises,
Inc. (NYSE: PNT)(PEI) announced today that it declared a $0.01 or 3.4%
increase in the regular dividend on its common stock for the second quarter of
1997 from $0.29 to $0.30 per share.  This increase follows a $0.03 increase in
the dividend for the first quarter, 1997.  Company officials cited the
continuing strength of its regulated gas operations, as well as the increasing
contribution of its rapidly expanding non-regulated subsidiaries, as reasons
for the increase.
    Also, PG Energy Inc., the natural gas utility subsidiary of PEI, declared
dividends for the second quarter of all series of its preferred stock.  All
PEI and PG Energy dividends declared are payable June 16, 1997, to
shareholders of record on June 2, 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 twelve counties in northeastern Pennsylvania.  The non-regulated group
consists of Theta Land Corporation and PG Energy Services (formerly
Pennsylvania Energy Resources, Inc.) and its subsidiary, Keystone Pipeline
Services, Inc.

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