FROM:     ROBERT J. LOPATTO
RELEASE:  UPON RECEIPT
PHONE:    717-829-8814

                              PG ENERGY COMPLETES
                              SELF TENDER OFFERS

        WILKES-BARRE, PA, April 10, 1996 -- PG Energy Inc.  ("PGE"),  announced
today that its self tender offers for its Depositary Preferred Shares  (Trading
Symbol:  PGWCZ) and 4.10%  Cumulative Preferred Stock (Trading Symbol:   PGWCP)
expired at 5:00 p.m., New York City time, on Tuesday, April 9, 1996.

        Based on a preliminary count at  the time of expiration, PGE said  that
it  expects  to  purchase  approximately  515,000  Depositary  Preferred Shares
(approximately  4,000  of  which  were  delivered  pursuant  to  the guaranteed
delivery procedure), at  a price of  $27.00 per share  and approximately 18,700
shares of its 4.10% Cumulative Preferred Stock (approximately 150 of which were
delivered pursuant to the guaranteed delivery procedure), at a price of  $50.00
per share.

        PGE said that the  determination of the actual  number of shares to  be
purchased is  subject to  final confirmation  of proper  delivery of all shares
tendered and not withdrawn.  Payment for the shares accepted, and return of all
other shares tendered but not accepted, will occur as promptly as  practicable,
according to PGE.

        PGE  provides  natural  gas  to  approximately 142,000 customers in ten
counties in northeastern Pennsylvania.