Superior Plus Signs Long-Term Natural Gas Supply Agreement



    TSX:SPF.UN

    CALGARY, Jan. 7 /CNW/ - Superior Plus Income Fund (the "Fund") announced
today that its wholly owned indirect subsidiary Superior Energy Management Gas
LP ("SEM") has entered into a long-term natural gas supply agreement with
Constellation Energy Commodities Group, Inc. ("Constellation"), a major North
American energy provider.
    Under the terms of the agreement, Constellation will supply natural gas
to support SEM's fixed-priced natural gas marketing business. The deal is
structured with an initial term of five years and may renew annually
thereafter. During the term of the agreement, SEM will purchase natural gas
from Constellation for customer contracts of terms up to five years.
    Grant Billing, CEO Superior Plus stated: "We are very pleased to have
entered into this arrangement which will provide the Fund with dependable,
long-term fixed-price natural gas supply for Superior Energy Management. The
agreement with Constellation provides increased physical and financial
capacity for our energy marketing services business. We now have established
strong partnerships for both natural gas and electricity supply which will
support Superior Energy Management's long-term growth objectives and help the
Fund increase unitholder value over the long-term."
    "Today's announcement positions Superior Energy Management to implement
the next phase of our growth strategy" said Greg McCamus, President of SEM.
"Our high-quality sales team, enhanced support infrastructure and long-term
natural gas supply agreement with Constellation provide SEM with an exciting
platform for growth."

    About Superior Plus and the Fund
    --------------------------------
    Superior Plus Income Fund is a diversified business trust. The Fund holds
100% of Superior Plus LP, a limited partnership formed between Superior Plus
Inc., as general partner and the Fund as limited partner. Superior Plus is
focused on stability of distributions with value growth and has four Canadian
based operating divisions: Superior Propane is Canada's largest distributor of
propane, related products and services; ERCO Worldwide is a leading supplier
of chemicals and technology to the pulp and paper industries, a regional
Midwest supplier of chloralkali products and the third largest producer of
potassium products in North America; Winroc is the seventh largest distributor
of walls and ceilings construction products in North America; and Superior
Energy Management provides fixed-price natural gas supply services in British
Columbia, Ontario and Quebec and fixed-price electricity supply services in
Ontario.

    
    The Fund's trust units and convertible debentures trade on the Toronto
Stock Exchange as follows

    Trading
    Symbol     Security                    Issued and Outstanding
    -------------------------------------------------------------------------
    SPF.un     Trust Units                     87.3 million
    SPF.db.b   5.75% Debentures, Series 1    $174.9 million principal amount
    SPF.db.c   5.85% Debentures, Series 1    $ 75.0 million principal amount
    -------------------------------------------------------------------------
    





For further information:

For further information: about Superior Plus, please visit our website
at: www.superiorplus.com or contact: A. Scott Daniel, Vice-President,
Treasurer and Investor Relations, Tel: (403) 218-2953, Fax: (403) 218-2973,
E-mail: sdaniel@superiorplus.com, Toll Free: 1-866-490-PLUS (7587); or with
respect to DRIP inquiries, Leanne Likness, Corporate Secretary, Tel: (403)
218-2954, Fax: (403) 218-2973, E-mail: llikness@superiorplus.com

Organization Profile

SUPERIOR PLUS CORP.

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