SOUTHERN UNION COMPANY 8,000,000 Depositary Shares Each Representing One-Tenth of a Share of Underwriting AgreementUnderwriting Agreement • October 8th, 2003 • Southern Union Co • Natural gas distribution • New York
Southern Union Company, a Delaware corporation (the "Company"), proposes to issue and sell to the several Underwriters listed in Schedule 1 hereto (the "Underwriters"), for whom you are acting as representatives (the "Representatives"), an aggregate of 8,000,000 Depositary Shares (the "Underwritten Depositary Shares"), each representing one-tenth of a share of 7.55% Noncumulative Preferred Stock, Series A, with a stated value of $250 per share and having a liquidation preference of $250 per share (the "Preferred Stock"), of the Company and, at the option of the Underwriters, up to an additional 1,200,000 Depositary Shares (the "Option Depositary Shares"), each representing one-tenth of a Preferred Share of the Company. The Underwritten Depositary Shares and the Option Depositary Shares are herein referred to as the "Depositary Shares". Prior to the Closing Date (as hereinafter defined), the Company will issue and deposit 800,000 shares of Preferred Stock with, against delivery of depos
