Profile: UGI Corp (UGI.N)
19 Dec 2014
UGI Corporation (UGI), incorporated in December 20, 1991, is a holding company that, through subsidiaries, distributes, stores, transports and markets energy products and related services. The Company is a domestic and international retail distributor of propane and butane (liquefied petroleum gases (LPG); a provider of natural gas and electric service through regulated local distribution utilities; a generator of electricity; a regional marketer of energy commodities; an owner and manager of midstream assets; and a regional provider of heating, ventilation, air conditioning, refrigeration and electrical contracting services. The Company's subsidiaries and affiliates operate principally in six business segments: AmeriGas Propane, UGI International-Antargaz, UGI International-Flaga & Other, Energy Services, Electric Generation and Gas Utility. In September 2013, the Company announced that its subsidiary, Flaga GmbH, has completed the acquisition of the liquefied petroleum gas (LPG) distribution business of BP in Poland.
The AmeriGas Propane
The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. which is the retail propane distributor, and Heritage Operating, L.P. The Company has an effective 26% ownership interest in the Partnership; Energy Transfer Partners, L.P., (ETP), has an effective 24% ownership interest in the Partnership and the remaining interest is publicly held.
UGI International - Antargaz
Antargaz segment consists of the LPG distribution business of its wholly owned subsidiary Antargaz, and its LPG distribution businesses in the Benelux countries (consisting of Belgium, the Netherlands, and Luxembourg) (Antargaz). Antargaz is the retail distributors of LPG in France and the Netherlands and the retail distributor of LPG in Belgium and Luxembourg.
UGI International - Flaga & Other
Flaga and Other segment consists of the LPG distribution businesses of Flaga GmbH, and its subsidiaries (Flaga), AvantiGas Limited, (AvantiGas), and ChinaGas Partners, L.P. Flaga is the retail LPG distributor in Austria and Denmark. Flaga also distributes LPG in Finland, Norway, Poland, Romania, Sweden and Switzerland.
The Energy Services segment consists of energy-related businesses conducted by the Company's wholly owned subsidiary, UGI Energy Services, Inc. (Energy Services), and its subsidiaries. These businesses include energy marketing in the Mid-Atlantic region of the United States, operating and owning a natural gas liquefaction, storage and vaporization facility and propane-air mixing assets, managing natural gas pipeline and storage contracts, and developing, owning and operating pipelines, gathering infrastructure and gas storage facilities in the Marcellus Shale region of Pennsylvania.
The Electric Generation segment consists of solar and landfill gas electric generation facilities in Pennsylvania conducted by Energy Services' wholly owned subsidiary, UGI Development Company (UGID). The Energy Services and Electric Generation segments are collectively referred to as Midstream & Marketing.
The Gas Utility segment (Gas Utility) consists of the regulated natural gas distribution businesses of the Company's subsidiary, UGI Utilities, Inc. (UGI Utilities), and UGI Utilities' subsidiaries, UGI Penn Natural Gas, Inc. (PNG) and UGI Central Penn Gas, Inc. (CPG). Gas Utility serves nearly 600,000 customers in eastern and central Pennsylvania and several hundred customers in portions of one Maryland county. UGI Utilities' natural gas distribution utility is referred to as UGI Gas.
The Company competes with Totalgaz, Butagaz and Compagnie des Gaz de Petrole Primagaz.
460 N Gulph Rd,
PO Box 858
KING OF PRUSSIA PA 19406