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PANHANDLE EASTERN PIPE LINE COMPANY

 HOUSTON, Aug. 24 /PRNewswire/ -- Steven M. Roverud has been named senior vice president of Panhandle Eastern Pipe Line Company, effective today.
 Roverud, 54, formerly vice president of marketing, now will have responsibility for regulatory affairs, management information systems, accounting and planning, as well as marketing. He will continue to report to Paul Anderson, president and chief executive officer.
 "In this new position, Steve will be better able to coordinate all of the company's business activities and to create new services that will enable Panhandle Eastern to meet our customers' needs," Anderson said. "Steve's 29 years of experience in the natural gas industry makes him uniquely qualified for this position and allows the company to fully utilize his accumulated knowledge and management abilities."
 Before joining Panhandle Eastern in July 1992, Roverud had been vice president of marketing and transportation for ANR Pipeline Company. He had worked as a marketing executive with ANR and subsidiaries of its parent company, The Coastal Corporation, since 1983, when he joined ANR as director of marketing.
 Roverud's 29 years of experience in the natural gas industry includes work for local distribution companies, marketing companies and three interstate pipeline companies in sales, marketing, supply and executive management positions. He began his industry career with Wisconsin Gas in Milwaukee in 1964, joined Northern Natural Gas Company in 1966 and worked for Northern Natural and its subsidiary, People's Natural Gas, in several marketing positions of increasing responsibility through 1983.
 Roverud received a bachelor of science degree in civil engineering from the University of Minnesota in 1962 and attended the University of Michigan's Executive Management Program in 1975.
 Panhandle Eastern Pipe Line Company is a subsidiary of Panhandle Eastern Corporation (NYSE: PEL), America's natural gas transportation company, which operates one of the nation's largest interstate natural gas pipeline systems, providing natural gas transportation and related services to the Midwest and Northeast markets.
 -0- 8/24/93
 /CONTACT: John P. Barnett (media), 713-627-4072, or Brad Porlier (investors), 713-627-4600 or 800/347-3636, both of Panhandle Eastern Pipe Line Company/
 (PEL)


CO: Panhandle Eastern Pipe Line Company ST: Texas IN: OIL SU: PER

SH -- NY029 -- 5394 08/24/93 10:42 EDT
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Publication:PR Newswire
Date:Aug 24, 1993
Words:359
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