NUI <NUI> MAY SPIN OFF NONUTILITY OPERATIONS
NUI Corp said it is studying
the feasibility of spinning off nonutility subsidiaries to
shareholders.
    The company said its propane disution, natural gas spot
marketing, data processing, oil and natural gas exploration and
production, natural gas gathering and underground pipe
replacement businesses had sales for the year ended September
30 of about 74 mln dlrs, or about 25 pct of total company
sales.  NUI's major subsidiary is utility Elizabethtown Gas.
 Reuter
