SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-C
Report by Issuer of Securities Quoted on NASDAQ
Interdealer Quotation System
Filed pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 and Rule 13a-17
or 15d-17 thereunder
PG ENERGY, INC.
(Exact name of issuer as specified in charter)
Wilkes-Barre Center, 39 Public Square, Wilkes-Barre, PA 18711-0601
(Address of principal executive offices)
Issuer's telephone number, including area code - (717) 829-8843
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of 5% or more
in the number of shares outstanding:
1. Title of security - Depositary Preferred Shares of PG Energy Inc., each
representing a one-fourth interest in a share of PG Energy Inc. 9%
Cumulative Preferred Stock (Trading Symbol: PGWCZ)
2. Number of shares outstanding before the change - 1,000,000
3. Number of shares outstanding after the change - 469,299
4. Effective date of change - Purchases made through July 8, 1996
5. Method of Change:
Specify method (such as merger, acquisition, exchange,
distribution, stock split, reverse split, acquisition of stock for
treasury, etc.)
Acquisition of 511,086 shares on April 10, 1996, 1,850 shares on
April 15, 1996, 500 shares on April 26, 1996, 2,500 shares on June 13,
1996, and 14,765 shares on July 8, 1996, and the subsequent retirement
of all such shares.
Give brief description of transaction
The shares acquired on April 10 and 15, 1996, were repurchased by
the Company pursuant to the terms of a self tender offer dated March
11, 1996, at $27.00 per share. The shares acquired on April 26, June
13 and July 8, 1996, were purchased on the open market (pursuant to
unsolicited offers to sell) at $27.00 per share in the case of the
purchases made on April 26 and June 13, 1996, and at $27.125 per share
in the case of the purchase made on July 8, 1996.
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II. CHANGE IN NAME OF ISSUER
1. Name prior to change - Pennsylvania Gas and Water Company
2. Name after change - PG Energy Inc.
3. Effective date of charter amendment changing name - February 16, 1996
4. Date of shareholder approval of change, if required - Not required
Date: July 9, 1996 By: /s/ John F. Kell, Jr.
John F. Kell, Jr.
Vice President, Financial
Services
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