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file | filename |
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8-K - LIVE FILING - UGI UTILITIES INC | htm_53996.htm |
Contact: | 610-337-1000 | For Immediate Release: |
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Will Ruthrauff, ext. 6571 | September 1, 2016 |
Shelly Oates, ext. 3202
UGI Utilities Increases Base Rates
VALLEY FORGE, Pa., September 1, 2016 UGI Corporation (NYSE: UGI) announced today that the
Pennsylvania Public Utility Commission voted to approve, with certain amendments, a settlement on
the base rate case of its indirect, wholly owned subsidiary, UGI Utilities, Inc. Gas Division.
UGI Utilities, Inc. Gas Division serves 372,000 customers in 16 eastern and southcentral counties
in Pennsylvania.
Subject to the entry of a final order reflecting todays vote, the base rates will increase by $27
million and go into effect on October 19, 2016.
The typical residential customer will see their bill increase $4.17, or 7.0%. The typical commercial customer bill will increase $5.79, or 1.5%. The typical industrial customer will see their bill increase $29.41, or 2.2%.
Base rates cover the cost of operating and maintaining the natural gas distribution system. These rates also cover the costs associated with customer services such as billing, meter reading and 24-hour emergency response.
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through
subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes propane
both domestically and internationally, manages midstream energy and electric generation assets in
Pennsylvania, and engages in energy marketing in the Mid-Atlantic region. UGI, through
subsidiaries, is the sole General Partner and owns 26% of AmeriGas Partners, L.P. (NYSE:APU), the
nations largest retail propane distributor.
Comprehensive information about UGI Corporation is available on the Internet at http://www.ugicorp.com.