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SOUTHERN INDIANA GAS AND ELECTRIC COMPANY REPORTS RESULTS

 SOUTHERN INDIANA GAS AND ELECTRIC COMPANY REPORTS RESULTS
 EVANSVILLE, Ind., Feb. 3 /PRNewswire/ -- Southern Indiana Gas and Electric Company (NYSE: SIG) reported earnings per share of 29 cents for the three months ended Dec. 31, 1991, compared to 28 cents in 1990. Increases in system and nonsystem electric sales, up 2 percent and 19 percent, respectively, were due primarily to cooler weather during the quarter when compared to the prior year and increased requirements by several of the company's nonsystem customers. These increases were partially offset by higher scheduled maintenance project expenditures at the company's generating units during the fourth quarter of 1991 when compared to the same period in 1990. Gas operating income for the quarter was up, reflecting higher gas sales due to cooler weather, as compared to the prior year.
 Earnings per share of $3.16 for the 12 months ended Dec. 31, 1991 represents a 4.6 percent increase compared to the prior period earnings of $3.02. The rise in earnings is attributed to greater electric sales as a result of summer temperatures being about 28 percent above normal, continued commercial development, lower scheduled maintenance expenditures and repurchases of the company's common stock during 1990, all partially offset by lower margins on gas sales.
 SOUTHERN INDIANA GAS AND ELECTRIC COMPANY
 Three Months Ended
 December 31,
 (in thousands except per share data)
 1991 1990
 TOTAL OPERATING REVENUES $76,699 $70,863
 NET INCOME (Before preferred
 dividends) $3,688 $3,614
 EARNINGS PER SHARE $.29 $.28
 Twelve Months Ended
 December 31,
 1991 1990
 (in thousands except per share data)
 TOTAL OPERATING REVENUES $322,582 $322,520
 NET INCOME (Before preferred
 dividends) $38,513 $37,691
 EARNINGS PER SHARE $3.16 $3.02
 -0- 2/3/92
 /CONTACT: A.E. Goebel, senior vice president, chief financial officer, secretary and treasurer of Southern Indiana Gas and Electric Company, 812-464-4553/
 (SIG) CO: Southern Indiana Gas and Electric Company ST: Indiana IN: UTI SU: ERN


KK -- CL004 -- 6102 02/03/92 10:58 EST
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Publication:PR Newswire
Date:Feb 3, 1992
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