UGI Corporation
Encyclopedia
- UGI redirects here. For the radiographic procedure, see Upper GI seriesUpper GI seriesUpper GI series, also upper gastrointestinal tract radiography, is a radiologic examination of the upper gastrointestinal tract. It consists of a series of X-ray images of the esophagus, stomach and duodenum...
UGI Corporation is a public utility holding company with a variety of assets based in King of Prussia, Pennsylvania
King of Prussia, Pennsylvania
King of Prussia is a census-designated place in Upper Merion Township, Montgomery County, Pennsylvania, United States. As of the 2010 census, its population was 19,936. The community took its name in the 18th century from a local tavern named the King of Prussia Inn, which was named after...
.
History
UGI was incorporated in 1882 as United Gas Improvement Co. It encouraged the formation of United Electric Company of New JerseyNew Jersey
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...
in 1899. Among the subsidiaries of Public Service Corporation, United Electric Company served as a holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
.
In 1903, United Gas Improvement owned the majority of the stock of the Equitable Illuminating Gas Light Company. The latter utility operated the Philadelphia Gas Works
Philadelphia Gas Works
Philadelphia Gas Works is the nation's largest municipally owned natural gas utility.-History:PGW began providing gas service to the City of Philadelphia on February 10, 1836, when the city's first 46 gas lights were turned on along Second Street, between Vine and South Streets...
at the time.
In October 1964 Industrial Gases, Inc., of Pittsburgh
Pittsburgh, Pennsylvania
Pittsburgh is the second-largest city in the US Commonwealth of Pennsylvania and the county seat of Allegheny County. Regionally, it anchors the largest urban area of Appalachia and the Ohio River Valley, and nationally, it is the 22nd-largest urban area in the United States...
filed an antitrust
Antitrust
The United States antitrust law is a body of laws that prohibits anti-competitive behavior and unfair business practices. Antitrust laws are intended to encourage competition in the marketplace. These competition laws make illegal certain practices deemed to hurt businesses or consumers or both,...
suit in federal district court charging United Gas Improvement with attempting to eliminate competition in sales of bottled propane gas in Pittsburgh. The Philadelphia Gas Works division of UGI challenged a ruling of the Federal Power Commission
Federal Power Commission
The Federal Power Commission was an independent commission of the United States government, originally organized on June 23, 1930, with five members nominated by the president and confirmed by the Senate...
. The FPC lowered the maximum price that natural gas producers could charge to sixteen cents per 1000 cubic feet (28.3 m³) of gas. This mandate was upheld by the United States Supreme Court in May 1968.
In February 1968, the company changed its name to UGI Corporation.
Operations
Under the UGI Utilities, Inc., UGI serves 544,000 natural gasNatural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
and 60,000 electricity
Electricity
Electricity is a general term encompassing a variety of phenomena resulting from the presence and flow of electric charge. These include many easily recognizable phenomena, such as lightning, static electricity, and the flow of electrical current in an electrical wire...
customers in eastern and central Pennsylvania, including customers of UGI Penn Natural Gas (formerly PG Energy) and UGI Central Penn Gas (formerly PPL Gas Utilities). UGI Utilities operates in the urban areas in and around Harrisburg
Harrisburg, Pennsylvania
Harrisburg is the capital of Pennsylvania. As of the 2010 census, the city had a population of 49,528, making it the ninth largest city in Pennsylvania...
, Lancaster
Lancaster, Pennsylvania
Lancaster is a city in the south-central part of the Commonwealth of Pennsylvania. It is the county seat of Lancaster County and one of the older inland cities in the United States, . With a population of 59,322, it ranks eighth in population among Pennsylvania's cities...
, Reading
Reading, Pennsylvania
Reading is a city in southeastern Pennsylvania, USA, and seat of Berks County. Reading is the principal city of the Greater Reading Area and had a population of 88,082 as of the 2010 census, making it the fifth most populated city in the state after Philadelphia, Pittsburgh, Allentown and Erie,...
, Allentown
Allentown, Pennsylvania
Allentown is a city located in Lehigh County, Pennsylvania, in the United States. It is Pennsylvania's third most populous city, after Philadelphia and Pittsburgh, and the 215th largest city in the United States. As of the 2010 census, the city had a total population of 118,032 and is currently...
, Bethlehem
Bethlehem, Pennsylvania
Bethlehem is a city in Lehigh and Northampton Counties in the Lehigh Valley region of eastern Pennsylvania, in the United States. As of the 2010 census, the city had a total population of 74,982, making it the seventh largest city in Pennsylvania, after Philadelphia, Pittsburgh, Allentown, Erie,...
, Easton
Easton, Pennsylvania
Easton is a city in Northampton County, Pennsylvania, United States. The population was 26,800 as of the 2010 census. It is the county seat of Northampton County....
, Hazleton
Hazleton, Pennsylvania
Hazleton is a city in Luzerne County, Pennsylvania, United States. The population was 25,340 at the 2010 census, an increase of 8.6% from the 2000 census count .-Greater Hazleton:...
, Wilkes Barre
Wilkes-Barre, Pennsylvania
Wilkes-Barre is a city in the U.S. state of Pennsylvania, the county seat of Luzerne County. It is at the center of the Wyoming Valley area and is one of the principal cities in the Scranton/Wilkes-Barre metropolitan area, which had a population of 563,631 as of the 2010 Census...
, Lock Haven
Lock Haven, Pennsylvania
The city of Lock Haven is the county seat of Clinton County, in the U.S. state of Pennsylvania. Located near the confluence of the West Branch Susquehanna River and Bald Eagle Creek, it is the principal city of the Lock Haven, Pennsylvania, micropolitan statistical area, itself part of the...
, Pottsville
Pottsville, Pennsylvania
Pottsville is the only city in and the county seat of Schuylkill County, Pennsylvania, United States. The population was 15,549 at the 2000 census. The city lies along the west bank of the Schuylkill River, north-west of Philadelphia...
, Stroudsburg
Stroudsburg, Pennsylvania
Stroudsburg is a borough in Monroe County, Pennsylvania, United States. It is located in the Poconos region of the state, approximately five miles from the Delaware Water Gap, at the confluence of the Brodhead and Pocono Creeks. It is the county seat of Monroe County. Stroudsburg is part of the...
, Lewistown
Lewistown, Pennsylvania
Lewistown is a borough in and the county seat of Mifflin County, Pennsylvania, United States. It lies along the Juniata River, northwest of Harrisburg. The number of people living in the borough in 1900 was 4,451; in 1910, 8,166; and in 1940, 13,017. The population was 8,998 at the 2000 census,...
, Huntingdon
Huntingdon, Pennsylvania
Huntingdon is a borough in Huntingdon County, Pennsylvania. It is the county seat of Huntingdon County. It is located along the Juniata River, west of Harrisburg, about halfway between Pittsburgh and Harrisburg, in an agricultural and fruit-growing region, with valuable forests and deposits of...
, Shippensburg
Shippensburg, Pennsylvania
Shippensburg is a borough in Cumberland and Franklin counties in the U.S. state of Pennsylvania. Settled in 1730, Shippensburg lies in the Cumberland Valley, 41 miles west-southwest of Harrisburg, and is part of the Harrisburg–Carlisle Metropolitan Statistical Area. In 1900, 3,228 people...
, Lewisburg
Lewisburg, Pennsylvania
Lewisburg is a borough in Union County, Pennsylvania, United States, south by southeast of Williamsport and north of Harrisburg. In the past, it was the commercial center for a fertile grain and general farming region. The population was 5,620 at the 2000 census. It is the county seat of Union...
, Scranton
Scranton, Pennsylvania
Scranton is a city in the northeastern part of Pennsylvania, United States. It is the county seat of Lackawanna County and the largest principal city in the Scranton/Wilkes-Barre metropolitan area. Scranton had a population of 76,089 in 2010, according to the U.S...
and Williamsport
Williamsport, Pennsylvania
Williamsport is a city in and the county seat of Lycoming County, Pennsylvania in the United States. In 2009, the population was estimated at 29,304...
.
UGI's propane holdings include control of AmeriGas Partners, L.P. , the largest propane
Propane
Propane is a three-carbon alkane with the molecular formula , normally a gas, but compressible to a transportable liquid. A by-product of natural gas processing and petroleum refining, it is commonly used as a fuel for engines, oxy-gas torches, barbecues, portable stoves, and residential central...
marketer in the United States. UGI also owns Antargaz
Antar (company)
Antar is a former petroleum company, founded by Pechelbronn SA in 1927 in Merkwiller-Pechelbronn, Bas-Rhin, Alsace. However, its origins go back to 1745 when a company was formed to develop the natural oil wells in the vicinity of Merkwiller-Pechelbronn. Prior to World War II it also used the...
and Flaga in Europe.
UGI also markets a variety of energy products through their UGI Energy Services company, based in Wyomissing, Pennsylvania
Wyomissing, Pennsylvania
Wyomissing is a borough in Berks County, Pennsylvania, United States, established on July 2, 1906. The population was 8,587 at the 2000 census, but after the January, 2002 merger with neighboring Wyomissing Hills, the combined 2000 Census estimate was 11,155 making it the most populous borough in...
.
Management
Chairman and CEO of the company is Lon R. GreenbergLon R. Greenberg
Lon R. Greenberg has been CEO of UGI Corp. for 14 years, and Chairman of UGI for 13 years. Mr. Greenberg has been employed with UGI for 20 years, serving previously in the roles of Senior Vice President — Legal and Corporate Development and as Corporate and Development Counsel.Prior to his...
. President and COO is John Walsh, and CFO is Peter Kelly.