Energy Development Corporation
Proposed Ticker: -
Exchange: New York Stock Exchange Houston, Texas
Industry: Natural Resources

All share information is proposed
Type of Shares:Common Shares Filing Date:3/14/96
U.S. Shares Filed:0 Filing Price: -
Non-U.S. Shares Filed:0 Offering Amount: $161,000,000
Primary Shares:0 Expenses: -
Secondary Shares:0 Shs Out After:
Spin out parent firm: Public Service Enterprise Group, Inc.

ManagerTierPhone
Morgan Stanley & Co. IncorporatedLead Manager (212) 703-4797

Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
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Sheet
Revenue:Assets:
Net Income:Liabilities:
EPS:Equity:

Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year,
unaudited figures are partial year

Business Description
The company is one of the largest independent gas and oil exploration and production company. The company's U.S. exploration efforts focus on two regions, including the Gulf of Mexico and the onshore Gulf coast of Louisiana and Texas.

Use of Proceeds
The proceeds from the proposed offering will be used to repay debt and for general corporate purposes.

Last updated: 10/28/96

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