SEC Filings
SOUTHERN UNION CO filed this Form 10-Q on 11/10/1997
Entire Document
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will ultimately be successful in litigating this matter and,
therefore, will not have a material adverse affect on its finan-
cial position, results of operations or cash flows.

Southern Union and its subsidiaries are parties to other legal
proceedings that its management considers to be the normal kinds
of actions to which an enterprise of its size and nature might be
subject, and not to be material to the Company's overall business
or financial condition, results of operations or cash flows.

As a result of the acquisition of Missouri Gas Energy, the Com-
pany assumed certain obligations related to a 1990 settlement of
a Wyoming Tight Sands anti-trust claim.  To secure the refund of
the settlement proceeds, the MPSC authorized the establishment of
an independently administered trust to collect cash receipts
under the Tight Sands settlement and repay credit-facility bor-
rowings used for the lump sum payment.  In the event the trust
does not receive cash payments from the gas suppliers as provided
by the Tight Sands settlement agreements, the Company is com
mitted to pay its applicable portion of the amount owed the
lender of the credit-facility borrowings.  The Company's allo
cable unpaid portion of the amount the trust owes the lender at
September 30, 1997 was $4,694,000.

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