PENNSYLVANIA ENTERPRISES <PENT.O> BID STANDS
Utilities Investment Inc said
it still is offering to acquire Pennsylvania Enterprises Inc
for 55 dlrs per share.
    It said it is prepared to negotiate its offer.
    The Pennsylvania Enterprises board rejected the offer two
weeks ago as being inadequate.
    Utilities said it has the financial commitments required to
ensure that Pennsylvania Enterprises' facilities would be
upgraded to insure an adequate supply of safe drinking water.
    It said its representatives will be attending Pennsylvania
Enterprises' annual meeting tomorrow in Wilkes-Barre, Pa.
 Reuter
