PENNSYLVANIA ENTERPRISES &lt;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.
  

