Institutional Shareholder Services and Egan-Jones Proxy Services Recommend Stockholders Vote to Approve Southern Union Acquisition

Southern Union Company SUG is pleased to announce that two leading independent advisory firms, Institutional Shareholder Services and Egan-Jones Proxy Services, have recommended that Southern Union stockholders vote in favor of the proposed acquisition by Energy Transfer Equity, L.P. ETE. In recommending that the transaction be approved, ISS noted that the consideration to be received by stockholders “is significantly higher than Southern Union's all-time high trading price prior to the initial announcement of the merger.” Egan-Jones noted that the proposed acquisition is a “desirable approach in maximizing shareholder value.”