-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, M0nKQJtWMQZaVKQHWYR3l5To1ussgi5CQNgmm2S5oFX6jErOqJsfK3VFkZiFsX0v ItwEQ6iOc5sQga7HJnaErQ== 0000203248-07-000038.txt : 20070323 0000203248-07-000038.hdr.sgml : 20070323 20070323085122 ACCESSION NUMBER: 0000203248-07-000038 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070322 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070323 DATE AS OF CHANGE: 20070323 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN UNION CO CENTRAL INDEX KEY: 0000203248 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 750571592 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06407 FILM NUMBER: 07713470 BUSINESS ADDRESS: STREET 1: 5444 WESTHEIMER RD CITY: HOUSTON STATE: TX ZIP: 77056-5306 BUSINESS PHONE: (713) 989-2000 MAIL ADDRESS: STREET 1: 5444 WESTHEIMER RD CITY: HOUSTON STATE: TX ZIP: 77056-5306 8-K 1 suform8k032207.htm SU FORM 8K 032207 SU Form 8K 032207
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): March 22, 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 7.01 Regulation FD Disclosure
Item 8.01 Other Events

On March 22, 2007, Southern Union Company announced that its Missouri Gas Energy natural gas distribution company received approval from the Missouri Public Service Commission for a base rate increase of approximately $27.2 million in additional annual revenues. The new rates will go into effect March 30, 2007.
 
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
 
 
99.1
 
 
 
 
 
Press Release issued by Southern Union Company dated March 22, 2007.
 

        
This 8-K includes forward-looking statements. Although Southern Union believes that its expectations are based on reasonable assumptions, it can give no assurance that such assumptions will materialize. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein are enumerated in Southern Union's Forms 10-K and 10-Q as filed with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by the Company, whether as a result of new information, future events, or otherwise.

 

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: March 23, 2007
 
By:
 
/s/ Robert M. Kerrigan, III
 
Robert M. Kerrigan, III
 
Vice President - Assistant General
Counsel and Secretary



 

 
EXHIBIT INDEX

           Exhibit No.                        Description
 
 
 
Press Release issued by Southern Union Company dated March 22, 2007.
 
 
 

EX-99.1 2 ex991032207.htm EXHIBIT 99.1 032207 Exhibit 99.1 032207
Exhibit 99.1
 
[Missing Graphic Reference]
 
07-08
For further information:
John P. Barnett, Director of External Affairs
713-989-7556

John F. Walsh, Director of Investor Relations
212-659-3208


SOUTHERN UNION COMPANY’S
MISSOURI GAS ENERGY RECEIVES APPROVAL FOR
$27.2 MILLION RATE INCREASE


HOUSTON, March 22, 2007Southern Union Company (NYSE: SUG) today announced that its Missouri Gas Energy (MGE) natural gas distribution company received approval from the Missouri Public Service Commission for a base rate increase of approximately $27.2 million in additional annual revenues. The new rates will go into effect March 30.
 
“This decision by the Missouri Public Service Commission will improve MGE’s earnings which, in turn, will create additional value for our shareholders,” said Eric D. Herschmann, senior executive vice president of Southern Union.
 
The revenue increase will allow the company to earn a fair return on its investments and recover increased expenses associated with operating, maintaining and enhancing its 8,000 mile distribution system as well as the cost of substantial capital expenditures MGE has made for safety projects, public improvement relocations and new construction. The new rate structure approved by the commission produces an improved rate design that should stabilize MGE’s revenues and reduce the impact of weather-related fluctuations on bills for MGE’s customers.
 
“We applaud the foresight of the Missouri Public Service Commission in granting our rate adjustment request, which will benefit the customers in MGE’s service area through our ability to continue to maintain and enhance our system,” said George Lindemann, chairman, president and CEO of Southern Union.
 
Missouri Gas Energy, headquartered in Kansas City, Mo., is a natural gas operating division of Southern Union Company. Missouri Gas Energy serves approximately 510,000 residential, commercial and industrial end-user customers in 34 counties throughout the state of Missouri. Visit www.missourigasenergy.com.
 
About Southern Union Company
    Southern Union Company, headquartered in Houston, is one of the nation’s leading diversified natural gas companies, engaged primarily in the transportation, storage, gathering, processing and distribution of natural gas. The company owns and operates one of the nation’s largest natural gas pipeline systems with approximately 20,000 miles of gathering and transportation pipelines and North America’s largest liquefied natural gas import terminal.
    Through Panhandle Energy, Southern Union’s interstate pipeline interests operate approximately 15,000 miles of interstate pipelines that transport natural gas from the Anadarko and San Juan basins, the Rockies, the Gulf of Mexico, Mobile Bay and South Texas to major markets in the Southeast, Midwest and Great Lakes region.
    Southern Union Gas Services, with approximately 4,800 miles of pipelines, is engaged in the gathering, transmission, treating, processing and redelivery of natural gas and natural gas liquids in Texas and New Mexico.
    Through its local distribution companies, Missouri Gas Energy and New England Gas Company, Southern Union also serves more than half a million natural gas end-user customers in Missouri and Massachusetts.
    For further information, visit www.sug.com.

Forward-Looking Information
This news release includes forward-looking statements. Although Southern Union believes that its expectations are based on reasonable assumptions, it can give no assurance that such assumptions will materialize. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein are enumerated in Southern Union’s Forms 10-K and 10-Q as filed with the Securities and Exchange Commission. The company assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by the company, whether as a result of new information, future events, or otherwise.
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