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SUPREME COURT UPHOLDS DECISION IN FAVOR OF PANHANDLE EASTERN PIPE LINE COMPANY

          SUPREME COURT UPHOLDS DECISION IN FAVOR OF PANHANDLE
                      EASTERN PIPE LINE COMPANY
    HOUSTON, Feb. 25 /PRNewswire/ -- The United States Supreme Court left standing a 1991 judgment by the Seventh Circuit Court of Appeals in favor of Panhandle Eastern Pipe Line Company for alleged antitrust violations in a suit filed in February 1984 by the state of Illinois.
    "We are pleased to have this long-standing legal issue resolved," said Paul Anderson, president.
    Panhandle Eastern Pipe Line Company is a subsidiary of Panhandle Eastern Corporation (NYSE: PEL), which operates one of the nation's largest interstate natural gas pipeline systems, providing natural gas to the Midwest and Northeast markets.
    -0-                    2/25/92
    /CONTACT:  John P. Barnett, 713-627-4072 or Dorothy M. Ables, investor relations, 713-627-4600, both of Panhandle Eastern Pipe Line Company.
    (PEL) CO:  Panhandle Eastern Pipe Line Company ST:  Texas IN:  OIL SU: AH -- NY052 -- 2362 02/25/92 12:44 EST
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Publication:PR Newswire
Date:Feb 25, 1992
Words:150
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