SEC Filings
10-Q
SOUTHERN UNION CO filed this Form 10-Q on 11/10/1997
Entire Document
 << Previous Page | Next Page >>
<PAGE>

             SOUTHERN UNION COMPANY AND SUBSIDIARIES

              MANAGEMENT'S DISCUSSION AND ANALYSIS
        OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS



The following table sets forth certain information regarding the
Company's gas utility operations for the three- and twelve-month
periods ended September 30, 1997 and 1996:

                         Three Months Ended   Twelve Months Ended
                            September 30,        September 30,
                         ------------------   -------------------
                           1997      1996       1997       1996
                         --------  --------   --------   --------

Average number of gas
 sales customers
 served:
  Residential.........    864,408   848,709    868,407    861,147
  Commercial..........     84,073    83,173     86,221     86,305
  Industrial and
   irrigation.........        570       583        600        642
  Public authorities
   and other..........      2,653     2,572      2,694      2,775
  Pipeline and
   marketing..........        225       174        202        378
                         --------  --------   --------   --------
    Total average
     customers served.    951,929   935,211    958,124    951,247
                         ========  ========   ========   ========

Gas sales in millions
 of cubic feet (MMcf):
  Residential.........      4,876     4,837     68,722     69,506
  Commercial..........      2,865     2,986     30,746     31,381
  Industrial and
   irrigation.........        366       516      1,870      2,497
  Public authorities
   and other..........        245       230      2,767      2,709
  Pipeline and
   marketing..........      3,387     3,866     17,844     13,131
                         --------  --------   --------   --------
    Gas sales billed..     11,739    12,435    121,949    119,224
  Net change in
   unbilled gas sales.        214       823       (753)       138
                         --------  --------   --------   --------
    Total gas sales...     11,953    13,258    121,196    119,362
                         ========  ========   ========   ========

Gas sales revenues
 (thousands of
 dollars):
  Residential.........   $ 40,096  $ 42,769   $434,866   $392,787
  Commercial..........     14,657    16,356    173,467    156,639
  Industrial and
   irrigation.........      1,640     1,851      9,355     10,526
  Public authorities
   and other..........      1,078       884     13,168      9,479
  Pipeline and
   marketing..........      7,986     9,122     46,577     31,625
                         --------  --------   --------   --------
    Gas revenues
     billed...........     65,457    70,982    677,433    601,056
  Net change in
   unbilled gas sales
   revenues...........      2,216     4,146     (3,825)     2,500
                         --------  --------   --------   --------
    Total gas sales
     revenues.........   $ 67,673  $ 75,128   $673,608   $603,556
                         ========  ========   ========   ========

Gas sales margin
 (thousands of
 dollars).............   $ 35,586  $ 35,713   $232,695   $230,431
                         ========  ========   ========   ========

Gas sales revenue
 per thousand cubic
 feet (Mcf) billed:
  Residential.........   $  8.224  $  8.841   $  6.328   $  5.651
  Commercial..........      5.115     5.478      5.642      4.992
  Industrial and
   irrigation.........      4.475     3.591      5.001      4.215
  Public authorities
   and other..........      4.404     3.852      4.759      3.499
  Pipeline and
   marketing..........      2.358     2.360      2.610      2.408

Weather effect:
 Degree days:
  Southern Union Gas
   service
   territories........          1         3      1,956      1,886
  Missouri Gas Energy
   service
   territories........         23        85      5,443      5,476
  Normal, based on
   30-year measure:
    Southern Union
     Gas service
     territories......          0         0      1,953      1,976
    Missouri Gas
     Energy service
     territories......         59        61      5,246      5,246

Gas transported in
 millions of cubic
 feet (MMcf)..........     15,629    14,688     64,668     61,710
Gas transportation
 revenues (thousands
 of dollars)..........   $  3,834  $  3,828   $ 21,190   $ 19,309


 << Previous Page | Next Page >>