UGI Companies Join Natural Gas Supply Collaborative

Rhea-AI Summary

UGI Corporation (NYSE:UGI) has joined the Natural Gas Supply Collaborative (NGSC), increasing its membership to 17 companies. The NGSC includes utilities and power generators dedicated to promoting safe natural gas supply practices, collectively serving over 60 million households. UGI aims to enhance its Environmental, Social and Governance (ESG) initiatives, focusing on reducing methane and greenhouse gas emissions. The company operates natural gas and electric utilities in Pennsylvania and distributes LPG both domestically and internationally.

Positive

• UGI joins Natural Gas Supply Collaborative, enhancing its industry position.
• Membership supports UGI's commitment to responsible business growth.
• Focus on ESG initiatives to lower emissions and improve safety.

Negative

• None.

UGI Corporation (NYSE:UGI) announced today that its wholly owned subsidiaries UGI Utilities, Inc. and UGI Energy Services, LLC have joined the Natural Gas Supply Collaborative (NGSC). The UGI membership brings the number of companies participating in NGSC to 17.

NGSC is a voluntary organization of natural gas purchasers, including utilities and power generators, whose members are committed to promoting safe and responsible practices for natural gas supply. Collectively, NGSC members deliver enough natural gas to meet the needs of more than 60 million households. NGSC provides technical expertise and guidance on gas supply initiatives and emerging technologies.

“For nearly 140 years, UGI has focused on providing safe, reliable service to its customers and to the many communities it serves,” said Robert F. Beard, UGI Executive Vice President – Natural Gas. “Our membership in NGSC is a further demonstration of our commitment to grow our business responsibly, while meeting the social needs of our customers, employees, and communities. We look forward to continuing to enhance and expand our Environmental, Social and Governance (ESG) initiatives aimed at lowering methane and greenhouse gas emissions, enhancing system integrity and improving safety.”

About UGI

UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas, in twelve states and the District of Columbia and internationally in France, Belgium, the Netherlands and the UK.

Comprehensive information about UGI Corporation is available on the Internet at http://www.ugicorp.com.

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FAQ

What is the significance of UGI joining the Natural Gas Supply Collaborative?

UGI's membership in the NGSC enhances its commitment to safe natural gas supply practices and responsible business growth.

How many companies are part of the Natural Gas Supply Collaborative after UGI's membership?

With UGI's membership, the NGSC has 17 participating companies.

What impact does UGI's membership in NGSC have on its ESG initiatives?

UGI's NGSC membership strengthens its focus on lowering methane and greenhouse gas emissions as part of its ESG initiatives.

How does the NGSC contribute to the natural gas market?

The NGSC provides technical expertise and guidance on gas supply initiatives, serving over 60 million households.