8-K 1 suform8k012907.htm SU FORM 8K 012907 SU Form 8k 012907
UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549


FORM 8-K

CURRENT REPORT


Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 29, 2007


SOUTHERN UNION COMPANY
(Exact name of registrant as specified in its charter)



Delaware
1-6407
75-0571592
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)


5444 Westheimer Road
Houston, Texas
(Address of principal executive offices)
77056-5306
(Zip Code)


Registrant's telephone number, including area code: (713) 989-2000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 
 
 
 



ITEM 8.01 OTHER EVENTS.

On February 1, 2007, the Company issued a press release to announce the settlement of litigation brought by Citrus Trading Corp. against Spectra Energy LNG Sales, Inc. (formerly known as Duke Energy LNG Sales, Inc.) for a cash payment to Citrus Trading of $100 million.

The litigation related to Spectra’s 2003 termination of natural gas purchase and sale arrangements with Citrus Trading.
 
The Company owns a 50 percent equity interest in Citrus Corp., which owns both Citrus Trading and Florida Gas Transmission Company. Through its subsidiary, CCE Holdings, LLC, Southern Union is contractually obligated to share a portion of its proceeds with the Enron bankruptcy estate.

A copy of the press release is attached hereto as Exhibit 99.1.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(c) Exhibits.

                    Exhibit No.                                      Exhibit

 Southern Union Company February 1, 2007 Press Release.
 


 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 
 
 
 
SOUTHERN UNION COMPANY
 
(Registrant)
 
Date: February 1, 2007
 
By:
 
/s/ Robert M. Kerrigan, III
 
Robert M. Kerrigan, III
 
Vice President - Assistant General
Counsel and Secretary



 
 
 


 

 
EXHIBIT INDEX

                 Exhibit No.                                             Exhibit
 
 
Press Release issued by Southern Union Company dated February 1, 2007.