Southern Union Company Announces New Executive Vice Presidents

Business Wire, May 21, 2001

Business Editors & Energy Writers

AUSTIN, Texas--(BUSINESS WIRE)--May 21, 2001

Southern Union Company (NYSE:SUG) has named David W. Stevens as executive vice-president of utility operations and Dennis K. Morgan as executive vice-president of administration.

Stevens will be responsible for overseeing the company's natural gas operating divisions: Southern Union Gas, Missouri Gas Energy, Atlantic Utilities, PG Energy, and New England. In addition, Stevens will oversee the customer service, engineering and gas supply departments. Stevens is currently the president of Southern Union Gas. Stevens joined Southern Union in 1984 and has worked in a variety of positions of increasing responsibility with the company. A registered professional engineer, Stevens earned his bachelor of science degree in chemical engineering from The University of Texas at Austin in 1982. He is active in a number of community service and industry organizations.

Morgan will be responsible for overseeing a broad range of corporate administrative functions, including legal, human resources, risk, environmental matters, and corporate communications. Morgan joined Southern Union in 1981 and has worked in roles with increasing responsibility at the company since that time. He is also president of Southern Union Energy International Inc. and director general of Energia Estrella del Sur, S.A. de C.V. Morgan received a J.D. (doctor of jurisprudence) from the University of Missouri in 1972 and an LL.M. (master of laws) from Washington University in 1978. He also received a bachelor of journalism degree from the University of Missouri in 1970. He is a member of the state bars of Texas, Missouri and Illinois and serves on the boards of several industry and cultural organizations.

Southern Union is an international energy distribution company serving nearly 1.6 million customers in Texas, Missouri, Pennsylvania, Rhode Island, Massachusetts, Florida and Mexico.

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.

Investors should be aware of important factors that could cause actual results to differ materially from the forward-looking projections or expectations. These factors include, but are not limited to: weather conditions in the Company's service territories; cost of gas; regulatory and court decisions; the receipt of timely and adequate rate relief; the achievement of operating efficiencies and the purchase and implementation of new technologies for attaining such efficiencies; impact of relations with labor unions of bargaining-unit employees; and the effect of strategic initiatives on earnings and cash flow. Most of these factors are difficult to accurately predict and are generally beyond the control of the Company.