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Stock Market & Financial Investment News

News Breaks
July 29, 2014
19:05 EDTUGIUGI Corporation reports Q3 adjusted EPS 15c, consensus 17c
Reports Q3 revenue $1.49B, consensus $1.47B. Adjusted net income attributable to UGI excludes the impact of mark-to-market changes in unsettled commodity hedging instruments at Midstream & Marketing and AmeriGas Propane.
News For UGI From The Last 14 Days
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February 17, 2015
17:09 EDTUGIUGI Corporation announces 35 mile pipeline to supply 1000 MW power plant
UGI Corporation announced that a subsidiary of its wholly-owned subsidiary UGI Energy Services, LLC, plans to construct an approximately 35-mile pipeline to bring low-cost natural gas produced in the Marcellus Shale region to a planned 1,000-megawatt natural gas-fueled power generation facility near Shamokin Dam in Snyder County, Pennsylvania. Panda Power Funds and Sunbury Generation LP plan to construct the new “Hummel Station” power plant on the site of Sunbury Generation LP’s existing coal-fired plant that has been retired from operation. The new Hummel plant is expected to be operational in the second half of 2017. In addition to serving the generation plant, the new pipeline will supply natural gas and system reinforcement to distribution systems operated by UGI Penn Natural Gas, Inc. and UGI Central Penn Gas. Later this year, UGI Sunbury, LLC, a wholly-owned subsidiary of UGI Energy Services, LLC, will file for approval to construct and operate the pipeline from the Federal Energy Regulatory Commission, or FERC, the agency that regulates transportation of natural gas through interstate markets. The 20-inch diameter, steel pipeline will be designed to transport 200,000 Dth per day of natural gas. It is expected to cost approximately $160M and to be in service in early 2017.

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