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03-15
For further information:
Richard N. Marshall
Treasurer & Director of IR
Southern Union Company
570/829-8662 Southern Union Company Names Jeryl L. Mohn to Interim President of Panhandle Energy WILKES-BARRE, Pa. – (BUSINESS WIRE) – June 17, 2003 – Southern Union Company (“Southern Union”) (NYSE: SUG) today announced the appointment of Jeryl L. Mohn to Interim President of its Panhandle Energy (“Panhandle”) subsidiary. Mr. Mohn succeeds former Panhandle President and Chief Operating Officer Christopher A. Helms. A 29-year employee of Panhandle, Mr. Mohn most recently served as Senior Vice President. In that position, he maintained overall responsibility for a number of areas, including operations and engineering, gas control, gas measurement, LNG operations, strategic planning, human resources and public affairs. He previously served as Panhandle’s Vice President of Operations and Engineering. Mr. Mohn joined Panhandle in 1974 as a Transmission Engineer. Over the years, he has held a number of positions of increasing responsibility, including serving as Superintendent of Safety and Security for Panhandle’s Trunkline LNG unit, Division Manager of its Trunkline Gas Company unit, and General Manager of Transmission for Duke Energy’s Northeast natural gas pipelines, among others. Mr. Mohn is a 1974 magna cum laude graduate of Wichita State University, where he received a Bachelor of Science degree in mechanical engineering. In 1998, he completed the general management program at Harvard Business School. He serves on the board of directors of the Boys and Girls Country of Houston, a residential care facility for children from families in crisis. Southern Union Company (NYSE: SUG), headquartered in Wilkes-Barre, Pennsylvania, isengaged primarily in the transportation and distribution of natural gas. With this acquisition, the Company now owns and operates more than 10,000 miles of interstate pipelines that transport natural gas fromthe Gulf of Mexico, South Texas and the Panhandle regions of Texas and Oklahoma to major U.S. marketsin the Midwest and Great Lakes region. In addition, the Company also owns and operates the nation's largest liquefied natural gas import terminal. Through its local distribution companies, Southern Union also serves approximately 1 million natural gas end users in Missouri, Pennsylvania, Massachusetts and Rhode Island. For further information, visit www.southernunionco.com This release and other Company reports and statements issued or made from time to time contain certain "forward-looking statements" concerning projected future financial performance, expected plans or future operations. Southern Union Company cautions that actual results and developments may differ materially from such projections or expectations. Important factors could cause actual results to differ materially from the forward-looking projections or expectations. These factors include, but are not limited to: weather conditions or weather-related damage in the Company's service territories; technological developments in energy production, delivery and usage; cost of gas or availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or gas pipeline system constraints; regulatory and court decisions; the receipt of timely and adequate rate relief; the achievement of efficiencies and the purchase and implementation of new technologies for attaining such efficiencies; disruptions in the normal commercial insurance and surety bond markets that may increase costs or reduce traditional insurance coverage; impact of relations with labor unions of bargaining unit employees; the effect of any stock repurchases; and the effect of strategic initiatives (including any recent, pending or potential acquisition or merger, recent corporate restructuring activities, sales of non-core assets, and any related financing arrangements including refinancings and debt repurchases) on earnings and cash flow. # # #
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