FROM: ROBERT J. LOPATTO RELEASE: UPON RECEIPT PHONE: 717-829-8814 PG ENERGY EXTENDS SELF TENDER OFFERS BY ONE DAY Wilkes-Barre, PA, April 8, 1996 -- PG Energy Inc., formerly known as Pennsylvania Gas and Water Company, announced today that it has extended its offer to purchase its Depositary Preferred Shares and 4.10% Cumulative Preferred Stock by one business day in order to comply with regulations of the Securities and Exchange Commission. The offer will now expire at 5:00 p.m., New York City time, on Tuesday, April 9, 1996. PG Energy Inc. provides natural gas to approximately 142,000 customers in ten counties in northeastern Pennsylvania.