UGI Corporation (formerly United Gas Improvement Corp.) is a natural gas and

electric power distribution Electric power distribution is the final stage in the delivery of electric power; it carries electricity from the transmission system to individual consumers. Distribution substations connect to the transmission system and lower the transmissi ...

company headquartered in

King of Prussia, Pennsylvania King of Prussia (also referred to as KOP) is a census-designated place in Upper Merion Township in Montgomery County, Pennsylvania, United States. As of the 2020 census, its population was 22,028. The community took its unusual name in the 18th ...

, with extensive operations in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

and

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located entirel ...

. UGI owns

AmeriGas AmeriGas Partners, L.P. is the largest retail propane distributor in the United States based on the volume of propane gallons distributed annually. It serves over 1.7 million residential, commercial, industrial, agricultural, wholesale and motor ...

, the largest propane marketer in the United States. UGI also owns AvantiGas, Antargaz and Flaga in Europe. UGI also operates interstate and intrastate transmission and

natural gas storage Natural gas is a commodity that can be stored for an indefinite period of time in natural gas storage facilities for later consumption. Usage Gas storage is principally used to meet load variations. Gas is injected into storage during periods o ...

assets in the

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History

UGI was incorporated in 1882 as United Gas Improvement Co. In 1903, the company owned the majority of the stock of the Equitable Illuminating Gas Light Company, which operated the Philadelphia Gas Works. The company formed the United Electric Company of

New Jersey New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware ...

in 1899. United Electric consolidated several electric and lighting utilities into a single

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

. Public Service Corporation of New Jersey took over United Electric in 1907. United Electric was ultimately merged into

Public Service Enterprise Group The Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company headquartered in Newark, New Jersey and was established in 1985 with a legacy dating back to 1903. The company's largest subsidiary is Public Service Elec ...

. In October 1964, Industrial Gases, Inc., of

Pittsburgh, Pennsylvania Pittsburgh ( ) is a city in the Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County. It is the most populous city in both Allegheny County and Western Pennsylvania, the second-most populous city in Pennsylva ...

, filed an antitrust suit in

United States district court The United States district courts are the trial courts of the U.S. federal judiciary. There is one district court for each federal judicial district, which each cover one U.S. state or, in some cases, a portion of a state. Each district co ...

charging the company 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. The FPC lowered the maximum price that natural gas producers could charge to $0.16 per of gas. This mandate was upheld by the Supreme Court of the United States in May 1968. In February 1968, the company changed its name to UGI Corporation. In 1993, through its

subsidiary, the company acquired Petrolane, which was in bankruptcy. In 1999, the company offered to acquire

Unisource Worldwide Unisource Worldwide, Inc. is a subsidiary of Veritiv and is a distributor of printing paper, packaging equipment and supplies, and facility maintenance equipment and supplies. It also provides logistics services to other companies through its tru ...

, a distributor of office paper, but it was outbid by Georgia-Pacific. On April 1, 2013, John Walsh succeeded Lon Greenberg as

president President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...

and

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...

. In May 2015, the company acquired Totalgaz S.A.'s liquefied petroleum gas distribution operations in France for €423 million. In October 2017, the company acquired Totalgaz Italia, a liquefied petroleum gas distribution business. In December 2018, the company acquired South Jersey Industries’s retail natural gas business. On August 1, 2019, the company acquired Columbia Midstream Group for approximately $1.275 billion. On August 21, 2019, the company acquired the portion of

that it did not already own. On July 10, 2020, the company acquired GHI Energy LLC, a Houston-based renewable natural gas company. On January 5, 2020, the company acquired ''Mountaineer Gas Company'' of West Virginia for $540 million.

Notable people

* A. O. Granger, UGI president

References

External links

* {{DEFAULTSORT:Ugi Corporation Companies listed on the New York Stock Exchange Electric power companies of the United States Natural gas companies of the United States Companies based in Montgomery County, Pennsylvania History of Philadelphia 1964 in law American companies established in 1882 1882 establishments in Pennsylvania