UGI Concludes Review, Decides to Keep AmeriGas Propane Subsidiary

UGI, a diversified energy company with midstream (pipeline) operations in the Marcellus and one of PA’s largest utility companies, hinted last summer that it was looking to sell or spin off its propane subsidiary into a new company (see UGI Signals Looking to Sell or Spin-Off AmeriGas Propane Subsidiary). UGI’s propane subsidiary is AmeriGas, the nation’s largest retail propane marketer, serving nearly 1.3 million customers in all 50 states from approximately 1,400 locations. In UGI's first quarter update issued yesterday, the company said after an extensive review, it has decided to keep AmeriGas.

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