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PANHANDLE EASTERN SUBSIDIARIES RECEIVE REGULATORY APPROVAL FOR MAJOR LNG SETTLEMENT

 PANHANDLE EASTERN SUBSIDIARIES RECEIVE
 REGULATORY APPROVAL FOR MAJOR LNG SETTLEMENT
 HOUSTON, Aug. 31 /PRNewswire/ -- Panhandle Eastern Corporation (NYSE: PEL) today announced that the Federal Energy Regulatory Commission (FERC) has approved settlement agreements filed July 15 by Trunkline Gas Company (Trunkline), Panhandle Eastern Pipe Line Company (PEPL) and Trunkline LNG Company. The agreements resolve all long- standing customer issues surrounding the corporation's liquefied natural gas (LNG) project, the Trunkline 1987 rate case and PEPL's natural gas supply arrangements with Trunkline.
 If there are no requests for rehearing, the FERC order will become final Sept. 28.
 Trunkline Gas Company, Panhandle Eastern Pipe Line Company and Trunkline LNG Company are subsidiaries of Panhandle Eastern Corporation, which operates one of the nation's largest interstate natural gas pipeline systems, providing natural gas to the Midwest and Northeast markets.
 -0- 8/31/92
 /CONTACT: John P. Barnett (media), 713-627-4072; or Brad Porlier (investor), 713-627-4600, both of Panhandle Eastern/
 (PEL) CO: Panhandle Eastern Corporation ST: Texas IN: OIL SU:


SH -- NY064 -- 5041 08/31/92 14:35 EDT
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Publication:PR Newswire
Date:Aug 31, 1992
Words:171
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