Rule 424(b)(3)
File No. 33-56509
CUSIP No.: 62943Q AA0
Pricing Supplement No. 1 Dated February 9, 1995
(To Prospectus dated January 12, 1995 and
Prospectus Supplement dated February 6, 1995)
$100,000,000
NUI CORPORATION
Medium-Term Notes, Series A
Due Not Less Than Nine Months From Date Of Issue
Principal Amount: $50,000,000
Issue Price: 100%
Original Issue Date: February 16, 1995
Stated Maturity: February 1, 2005
Interest Rate: 8.35%
Form: Book-Entry
Agents' Discount or Commission: .327%
Redemption: The Notes are not redeemable
prior to their Stated
Maturity.
Subject to the terms and conditions set forth in three
separate Terms Agreements (the "Terms Agreements"), each dated
February 9, 1995, between the Company and Merrill Lynch, Pierce,
Fenner & Smith Incorporated, Lehman Brothers Inc. and Morgan
Stanley & Co. Incorporated (the "Purchasers"), Merrill Lynch,
Pierce, Fenner & Smith Incorporated, Lehman Brothers Inc. and
Morgan Stanley & Co. Incorporated have agreed to purchase from
the Company, and the Company has agreed to sell to Merrill Lynch,
Pierce, Fenner & Smith Incorporated, Lehman Brothers Inc. and
Morgan Stanley & Co. Incorporated, each as principal,
$30,000,000, $10,000,000 and $10,000,000 principal amount of the
Notes, respectively.
Under the terms and conditions of the Terms Agreements, the
Purchasers are authorized to utilize a selling or dealer group in
connection with the resale of the Notes.
The Company has been advised by the Purchasers that they
propose to offer the Notes to one or more investors or other
purchasers, including other dealers, from time to time in one or
more transactions, including negotiated transactions, at varying
prices related to prevailing market prices at the time of resale.
