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PEOPLES GAS REVIEWING SPECIFICS OF ENERGY TAX PROPOSAL

 TAMPA, Fla., Feb. 19 /PRNewswire/ -- Wednesday night, President Clinton outlined his proposed energy tax during his state-of-the-union address.
 Peoples Gas System, Inc., Florida's largest distributor of natural gas, is reviewing President Clinton's proposal and expects to comment on its impact after that review.
 According to early reports, Clinton is proposing a tax on domestically produced natural gas, coal and nuclear power of 25.7 cents per 1 million British thermal units (Btu) of energy content. The tax would be phased in over three years.
 Based on this early information, the average Peoples Gas residential customer using 25 therms (one therm equals 100,000 Btu's) will pay 64.25 cents per month more for natural gas or $7.71 annually.
 "We were encouraged to see that the plan includes environmental consideration by imposing a greater tax on fuel oil," said Dan Pountney, vice president of marketing for Peoples Gas, "but to put coal at the same tax level as natural gas is inconsistent with Clinton's stated energy and environmental goals," Pountney continued.
 It is unclear where this tax will be imposed on natural gas as it moves from wellhead via pipeline to the end user. Regardless, it will have the potential to cause industrial dislocation for energy intensive industries and it is regionally inequitable since residential consumption of natural gas varies by region, Pountney concluded.
 -0- 2/19/93
 /CONTACT: Bill Shelton, manager of corporate communications of Peoples Gas System, 813-272-0016 or 800-282-4441 ext. 0016, or home, 813-525-6065/


CO: Peoples Gas System, Inc. ST: Florida IN: UTI SU:

JB-SS -- FL004 -- 8478 02/19/93 15:06 EST
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Publication:PR Newswire
Date:Feb 19, 1993
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