| Business Summary | | Southern
Union
Company
is
a
natural
gas
utility.
Its
principal
line
of
business
is
the
distribution
of
natural
gas
as
a
public
utility
through
its
operating
divisions
principally
in
Texas,
Missouri,
Florida
and
Pennsylvania
since
November
1999
and
Rhode
Island
and
Massachusetts,
effective
with
three
acquisitions
completed
in
September
2000.
Southern
Union
Gas,
headquartered
in
Austin,
Texas,
serves
approximately
523,000
customers
in
Texas
(including
Austin,
Brownsville,
El
Paso,
Galveston,
Harlingen,
McAllen
and
Port
Arthur).
Missouri
Gas
Energy,
headquartered
in
Kansas
City,
Missouri,
serves
approximately
491,000
customers
in
central
and
western
Missouri.
PG
Energy,
headquartered
in
Wilkes-Barre,
Pennsylvania,
serves
approximately
154,000
customers
in
northeastern
and
central
Pennsylvania.
SFNG,
headquartered
in
New
Smyrna
Beach,
Florida,
serves
approximately
5,000
customers
in
central
Florida
(including
New
Smyrna
Beach,
Edgewater
and
areas
of
Volusia
County,
Florida). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Sothern
Union
Co.
is
primarily
engaged
in
the
distribution
and
sale
of
natural
gas
to
residential,
commercial
and
industrial
customers
in
Texas,
Missouri
and
Florida.
For
the
nine
months
ended
3/01,
revenues
totalled
$1.66
billion,
up
from
$669.2
million.
Net
income
before
accounting
change
totalled
$45.5
million,
up
from
$20.5
million.
Revenues
reflect
increased
gas
sales
volume
and
the
acquisition
of
the
Pennsylvania
operations
Earnings
reflect
increased
margins. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
268,352;
after
tax
earnings
were
11,135. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| George Lindemann, 64 Chairman
and CEO | $385K | -- | Thomas Karam, 41 Pres,
COO, Director | 1.3M | -- | John Brennan, 54 Vice
Chairman, Assistant Sec., Director | -- | -- | Ronald Endres, 56 Exec.
VP, CFO | 620K | $75K | Dennis Morgan, 52 Exec.
VP of Admin., Sec. | -- | -- | Dollar
amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|