SEC Filings
10-Q
SOUTHERN UNION CO filed this Form 10-Q on 11/10/1997
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              SOUTHERN UNION COMPANY AND SUBSIDIARIES

                    CONSOLIDATED BALANCE SHEET

                              ASSETS



                                     September 30,      June 30,
                                ----------------------
                                   1997        1996       1997
                                ----------- ---------- ----------
                                     (thousands of dollars)

Property, plant and equipment:
  Plant in service............  $  983,275  $ 922,470  $ 963,269
  Construction work in
    progress..................       9,911     11,418      7,970
                                ----------  ---------  ---------
                                   993,186    933,888    971,239
  Less accumulated deprecia-
    tion and amortization.....    (336,063)  (317,083)  (329,182)
                                ----------  ---------  ---------
                                   657,123    616,805    642,057
  Additional purchase cost
    assigned to utility
    plant, net................     130,845    133,641    131,539
                                ----------  ---------  ---------

  Net property, plant and
    equipment.................     787,968    750,446    773,596
                                ----------  ---------  ---------


Current assets:
  Accounts receivable, billed
    and unbilled..............      39,961     37,239     58,659
  Inventories, principally at
    average cost..............      36,075     43,219     21,523
  Deferred gas purchase costs.      25,210      9,211       --
  Investment securities.......        --         --        6,432
  Prepayments and other.......         929      2,460      9,609
                                ----------  ---------  ---------

    Total current assets......     102,175     92,129     96,223
                                ----------  ---------  ---------

Deferred charges..............     107,591    116,890    109,512

Investment securities.........        --       19,168       --

Real estate...................       9,192      9,258      9,046

Other.........................       1,823      2,943      2,026
                                ----------  ---------  ---------


  Total assets................  $1,008,749  $ 990,834  $ 990,403
                                ==========  =========  =========



                    See accompanying notes.

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