EXHIBIT (d)(10)

                      PG ENERGY COMPLETES SELF TENDER OFFER
                      -------------------------------------


          Wilkes-Barre,  PA, May 27,  1997 -- PG Energy Inc.  ("PGE")  announced
today  that its self  tender  offer for its  4.10%  Cumulative  Preferred  Stock
(Trading Symbol: PGWCP) expired at 5:00 p.m., New York City time, on Friday, May
23, 1997.

          Based on a preliminary count at the time of expiration,  PGE said that
it expects  to  purchase  approximately  29,000  shares of its 4.10%  Cumulative
Preferred Stock at a price of $70.00 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tendered and not withdrawn.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.

          PG Energy Inc. provides natural gas to approximately 148,000 customers
in twelve counties in northeastern Pennsylvania.