8-K

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 6, 2008

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

Southern Union Company (the “Company”) today posted an investor presentation to its web-site related to its 2008 performance outlook.The presentation focuses on previously issued 2008 earnings guidance, projected pro forma EBITDA by business segment and projected capital expenditures by segment with the expenditures broken out by growth and maintenance capital.

The Company is furnishing the presentation as Exhibit 99.1. The 2008 outlook information presented herein under Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.

In the attached presentation, the Company uses pro forma earnings before interest, taxes, depreciation and amortization (EBITDA), a non-GAAP financial measure, as the performance measure to evaluate segment performance. As defined in Regulation G, "Conditions for Use of Non-GAAP Financial Measures," a non-GAAP financial measure is a numerical measure of a company's historical or future performance, financial position or cash flow that excludes (includes) amounts, or is subject to adjustments that have the effect of excluding (including) amounts, that are included (excluded) in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles (GAAP).

The Company defines EBITDA as net earnings (loss) available for common shareholders, adjusted for: (i) items that do not impact earnings (loss) from continuing operations, such as extraordinary items, discontinued operations and the impact of accounting changes; (ii) income taxes; (iii) interest; (iv) depreciation; (v) amortization and (vi) dividends on preferred stock. EBITDA may not be comparable to measures used by other companies. Additionally, EBITDA should be considered in conjunction with net earnings and other performance measures such as operating income or operating cash flow.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

Exhibit No.                                Exhibit

99.1    2008 Outlook Presentation, dated March 6, 2008    

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 6, 2008	By:	/s/ Robert M. Kerrigan, III
		Robert M. Kerrigan, III
		Vice President - Assistant General Counsel and Secretary

EXHIBIT INDEX

Exhibit No.                                     Description

99.1    2008 Outlook Presentation, dated March 6, 2008    

EX-99.1

2008 Outlook

Earnings, EBITDA & Capital Expenditure Guidance

March 6, 2008

Forward-Looking Statements

Statements contained in this presentation that include company expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.  It is important to note that the actual results of company earnings could differ materially from those projected in any forward-looking statements.  For additional information refer to Southern Union Company’s Securities and Exchange Commission filings.

Southern Union Contact:

Jack Walsh, Vice President - Investor Relations

212-659-3208

jack.walsh@sug.com

Guidance and EBITDA Outlook

•           2008 earnings guidance

–           SUG’s earnings guidance range is $1.80 to $1.90 per share

–           Guidance range is driven by:

ü           Timing and amount of capital spending program

ü           Commodity price impact on unhedged gathering & processing volumes and operating efficiency

ü           Operating and maintenance expense containment

•           Expect significant EBITDA growth in 2009 from Trunkline IEP ($60MM to $65MM annualized)

•           EBITDA adjusted for impact of Trunkline IEP is expected to be $80MM to $125MM or 10% to 15% greater than 2007

Pro forma EBITDA Guidance ($000,000s)

Business Segment	2007 Actual			2008 Estimate		2008 Adjusted(1)
Transportation & Storage	$	377		$	385 - $395	$	445 - $450
Citrus (50% interest)	$	195	(2)	$	185 - $190	$	185 - $190
Gathering & Processing	$	154	(3)	$	170 - $185	$	170 - $185
Distribution & Other	$	104		$	110 - $120	$	110 - $120
Consolidated	$	830		$	850 - $890	$	910 - $955
Note: Pro forma EBITDA is equal to earnings before interest, taxes, depreciation, amortization and
other items as discussed below. Pro forma EBITDA presents Southern Union's 50% interest in
Citrus Corp on a proportionate basis. For GAAP purposes, Southern Union's interest in Citrus is
reflected in equity earnings from unconsolidated investments.
(1) "2008 Adjusted" reflects 2008 Estimate adjusted for the annualized impact of the
Trunkline LNG Infrastructure Enhancement Project (estimated to be $60 to $65 million)
expected to be in-service 2Q2009.
(2) Excludes one-time gains primarily related to Citrus litigation settlement and non-cash purchase
accounting adjustments.
(3) Includes approximately $30 million of cash received from 2007 put options
not included in income.

2008 Capital Expenditure Guidance ($000,000s)

Business Segment	Maintenance		Growth		Total
Transportation & Storage	$	140	$	255 - 305	$	395 - 445
Gathering & Processing	$	30	$	30 - 35	$	60 - 65
Distribution & Other	$	35	$	20 - 30	$	55 - 65
Consolidated	$	205	$	305 - 370	$	510 - 575

Reg. G Reconciliation

Segment ($000)		2007 Actual		2008 Estimate		2008 Adjusted(5)
Transportation & Storage(1):
	Operating Income	$	289	$	280 - $290	$	330 - $345
	Depreciation & Amortization		86		105		115
	Other Including Other Income		2		-		-
	Pro forma EBITDA		377		385 - 395		445 - 460
Citrus Corp. (50%):
	Operating Income		142		130 - 135		130 - 135
	Depreciation & Amortization		51		53		53
	Other Including Other Income (2)		2		2		2
	Pro forma EBITDA		195		185 - 190		185 - 190
Gathering & Processing:
	Operating Income		62		110 - 125		110 - 125
	Depreciation & Amortization		59		60		60
	Other Including Other Income (3)		33		-		-
	Pro forma EBITDA		154		170 - 185		170-185
Distribution & Other(4):
	Operating Income		73		75 - 85		75 - 85
	Depreciation & Amortization		33		35		35
	Other Including Other Income		-2		-		-
	Pro forma EBITDA		104		110 - 120		110 - 120
Total Pro forma EBITDA:		$	830	$	850 - $890	$	910 - $955

(1) Excludes Citrus Corp. which is separately listed for presentation purposes.  Southern Union’s 50%  interest in Citrus Corp. is recorded in equity earnings from unconsolidated investments for GAAP purposes.

(2) Excludes one-time gains related to the Citrus litigation settlement and non-cash purchasing accounting adjustments included in Southern Union’s equity earnings from unconsolidated investments for GAAP purposes. Equity earnings were $99  million for 2007.

(3) Other Income includes approximately $30 million of cash received from the 2007 put options not reflected in earnings.

(4) "Other" includes Corporate, the Company's investment in PEI Power Corp. and Fall River Gas Appliance.

(5) 2008 Adjusted guidance is equivalent to 2008 plus the inclusion of the annualized impact of the Trunkline LNG IEP (estimated to be $60 to $65MM of EBITDA).