-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Nkf6mpM6g0NW2cc6ZeEvUSmTnKnukdVQQ48tiv+I4Dq93pX1OvAzsQetxe3zi9Rt XyvbdJoft87/NzDXuluBgw== 0000893220-99-000262.txt : 19990301 0000893220-99-000262.hdr.sgml : 19990301 ACCESSION NUMBER: 0000893220-99-000262 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990226 FILED AS OF DATE: 19990226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UGI CORP /PA/ CENTRAL INDEX KEY: 0000884614 STANDARD INDUSTRIAL CLASSIFICATION: GAS & OTHER SERVICES COMBINED [4932] IRS NUMBER: 232668356 STATE OF INCORPORATION: PA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: SEC FILE NUMBER: 069-00410 FILM NUMBER: 99552219 BUSINESS ADDRESS: STREET 1: 460 N GULPH RD STREET 2: P O BOX 858 CITY: KING OF PRUSSIA STATE: PA ZIP: 19406 BUSINESS PHONE: 6103371000 MAIL ADDRESS: STREET 1: 460 NORTH GULPH ROAD CITY: KING OF PRUSSIA STATE: PA ZIP: 19406 FORMER COMPANY: FORMER CONFORMED NAME: NEW UGI CORP DATE OF NAME CHANGE: 19600201 U-3A-2 1 FORM U-3A-2 UGI CORPORATION 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM U-3A-2 File No. 69-00410 STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION UNDER RULE U-3A-2 FROM THE PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 To Be Filed Annually Prior to March 1 UGI CORPORATION 460 NORTH GULPH ROAD KING OF PRUSSIA, PA 19406 (Name of company) hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935, and submits the following information: 1. Name, State of organization, location and nature of business of claimant and every subsidiary thereof, other than any exempt wholesale generator (EWG) or foreign utility company in which claimant directly or indirectly holds an interest. UGI Corporation (the "Company" or "UGI") was incorporated as a stock corporation under the laws of Pennsylvania on December 20, 1991. The Company's principal office is located at 460 North Gulph Road, King of Prussia, Pennsylvania 19406. UGI is a holding company which owns directly seven subsidiaries as follows: a. UGI Utilities, Inc. ("UGI Utilities") is a public utility company incorporated in Pennsylvania that owns and operates (i) a natural gas distribution utility serving 14 counties in eastern and southeastern Pennsylvania, and (ii) an electric utility serving parts of Luzerne and Wyoming Counties in northeastern Pennsylvania. UGI Development Company, an inactive Pennsylvania corporation, is a wholly owned subsidiary of UGI Utilities. b. AmeriGas, Inc. is a Pennsylvania corporation which conducts a propane distribution business from over 600 district locations in 46 states through AmeriGas Partners, L.P., a Delaware Limited Partnership (the "Partnership"). Through its subsidiaries, AmeriGas, Inc. owns 58% of the Partnership. AmeriGas Propane, Inc., a Pennsylvania corporation, is a wholly owned 2 subsidiary of AmeriGas, Inc. and the sole general partner of the Partnership. AmeriGas, Inc. is also the parent company of Four Flags Drilling Company, Inc., an inactive Pennsylvania corporation. Four Flags Drilling Company, Inc. is the parent company of Four Flags Holding Company, a Delaware investment holding company. AmeriGas Propane, Inc. is the parent company of (i) AmeriGas Technology Group, Inc., a Pennsylvania corporation engaged in the commercialization of a patented process for use by waste treatment facilities, and (ii) Petrolane Incorporated, a Pennsylvania holding company. AmeriGas Partners, L. P. is the parent company of AmeriGas Finance Corp., a Delaware corporation that serves as co-obligor for certain debt securities of the Partnership. AmeriGas Partners holds the limited partnership interests in AmeriGas Propane, L.P., a Delaware limited partnership. AmeriGas Propane, L.P. is the parent company of (i) AmeriGas Propane Parts & Service, Inc., a Pennsylvania corporation which sells appliance parts and fittings and services propane appliances, and (ii) Petrolane Offshore Ltd., an inactive Bermuda corporation. c. UGI Enterprises, Inc. is a Pennsylvania corporation that conducts an electric energy marketing business under the trade name of POWERMARK, and a gas marketing business under the trade name of GASMARK through its subsidiary, UGI Energy Services, Inc., a Pennsylvania corporation. UGI Power Supply, Inc., also a Pennsylvania corporation, is an inactive subsidiary. Retail sales of hearth and patio products and services are conducted through its subsidiary, Hearth USA, Inc., a Delaware corporation. Energy development partnerships in international markets are pursued through its wholly owned subsidiaries, (i) UGI International Enterprises, Inc., a Pennsylvania corporation, (ii) Eastfield International Holdings, Inc., a Pennsylvania corporation, (iii) UGI Black Sea Enterprises, Inc., a Pennsylvania corporation, (iv) UGI International (Romania), Inc., a Pennsylvania corporation, (v) UGI Romania, Inc., a Pennsylvania corporation, (vi) UGI International (China), Inc., a Delaware corporation, (vii) UGI China, Inc., a Delaware corporation, and (viii) UGI Southwest China Development Company, LLC, a Delaware limited liability company. Energy Services Holding Company, a Delaware investment holding company, is a subsidiary of UGI Energy Services, Inc. d. UGI Properties, Inc. is a Pennsylvania corporation that owns UGI's corporate headquarters building in King of Prussia, Pennsylvania. e. Ashtola Production Company is an inactive Pennsylvania corporation. Ashtola Production Company is the parent company of UGI Ethanol Development Corporation, an inactive Pennsylvania corporation, and Cryotex Incorporated, an inactive Delaware corporation. -2- 3 f. United Valley Insurance Company, a Vermont corporation, provides auto, general, and workers' compensation liability insurance coverage to UGI and certain of its subsidiaries. g. Northfield Holding Company is a Delaware investment holding company. 2. A brief description of the properties of claimant and each of its subsidiary public utility companies used for the generation, transmission, and distribution of electric energy for sale, or for the production, transmission, and distribution of natural or manufactured gas, indicating the location of principal generating plants, transmission lines, producing fields, gas manufacturing plants, and electric and gas distribution facilities, including all such properties which are outside the State in which claimant and its subsidiaries are organized and all transmission or pipelines which deliver or receive electric energy or gas at the borders of such State. The Company does not directly own any such properties. The Company's subsidiary that is a public utility company, UGI Utilities, Inc., owns the following properties and related land rights used for the generation, transmission, and distribution of electric energy for sale to customers in communities which have granted a franchise to provide electric energy: a. Principal generating plants: Hunlock generating station located near Kingston, Pennsylvania; and a 1.11% ownership interest in Conemaugh Station, located near Johnstown, Pennsylvania. b. Transmission lines: 2,084 miles of transmission and distribution lines and related facilities in portions of Luzerne and Wyoming Counties in northeastern Pennsylvania. c. Electric distribution facilities: 23 substations, transformers and associated distribution facilities located in the service area, in addition to the distribution lines referred to above. UGI Utilities provides natural gas services through approximately 4,400 miles of gas mains, related service facilities and land rights, for the distribution of natural gas throughout a 14 county service area in eastern and southeastern Pennsylvania to customers in communities which have granted a franchise to provide gas service. In addition, it owns the following properties used for the production and distribution of natural or manufactured gas: Gas storage plants: peak shaving facilities in Harrisburg, Reading and Bethlehem, Pennsylvania which produce propane air and have a design capacity to manufacture up to 35,000 Mcf. of propane air per day and a liquefied natural gas plant near Reading, Pennsylvania which has storage capacity of 270,000 Mcf. and is designed to add up to 25,000 Mcf. per day to the sendout capacity. 3. The following information for the last calendar year with respect to claimant and each of its subsidiary public utility companies: -3- 4 a. Number of kwh. of electric energy sold (at retail or wholesale), and Mcf. of natural or manufactured gas distributed at retail. None by UGI
UGI Utilities Retail 846,056,089 kwh. Pilot 25,765,549 kwh. Revenues Sold at Retail 29,009,535 Mcf. $251,749,523 Transportation 43,554,523 58,806,571 ---------- ------------ Total 72,564,058 Mcf. $310,556,094
b. Number of kwh. of electric energy and Mcf. of natural or manufactured gas distributed at retail outside the State in which each such company is organized. None by UGI or UGI Utilities c. Number of kwh. of electric energy and Mcf. of natural or manufactured gas sold at wholesale outside the State in which each such company is organized, or at the State line. None by UGI. UGI Utilities - See Schedule A attached. NOTE: UGI Utilities' principal business is the distribution of natural gas exclusively within the Commonwealth of Pennsylvania. Incidental to its principal business, UGI Utilities may, from time to time, sell natural gas to other gas utilities or brokers on a wholesale basis. Some of these transactions may take place outside the state. d. Number of kwh. of electric energy and Mcf. of natural or manufactured gas purchased outside the State in which each such company is organized or at the State line. None by UGI
UGI Utilities, Inc. - 61,490,000 kwh. Cost 36,045,388 Mcf. $93,125,841
4. The following information for the reporting period with respect to claimant and each interest it holds directly or indirectly in an EWG or a foreign utility company, stating monetary amounts in United States dollars: -4- 5 a. Name, location, business address and description of the facilities used by the EWG or foreign utility company for the generation, transmission and distribution of electric energy for sale or for the distribution at retail of natural or manufactured gas. None by UGI or UGI Utilities b. Name of each system company that holds an interest in such EWG or foreign utility company; and description of the interest held. None by UGI or UGI Utilities c. Type and amount of capital invested, directly or indirectly, by the holding company claiming exemption; any direct or indirect guarantee of the security of the EWG or foreign utility company by the holding company claiming exemption; and any debt or other financial obligation for which there is recourse, directly or indirectly, to the holding company claiming exemption or another system company, other than the EWG or foreign utility company. None by UGI or UGI Utilities d. Capitalization and earnings of the EWG or foreign utility company during the reporting period. None by UGI or UGI Utilities e. Identify any service, sales or construction contract(s) between the EWG or foreign utility company and a system company, and describe the services to be rendered or goods sold and fees or revenues under such agreement(s). None by UGI or UGI Utilities The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 26th day of February, 1999. UGI CORPORATION (Name of claimant) By: ___________________________ (Title) Michael J. Cuzzolina Vice President - Accounting and Financial Control -5- 6 CORPORATE SEAL Attest: - ----------------------- Brendan P. Bovaird Corporate Secretary Name, title, and address of officer to whom notices and correspondence concerning this statement should be addressed: Brendan P. Bovaird Corporate Secretary UGI Corporation 460 North Gulph Road King of Prussia, PA 19406 -6- 7 EXHIBIT A A consolidating statement of income and surplus of the claimant and its subsidiary companies for the last calendar year, together with a consolidating balance sheet of the claimant and its subsidiary companies as of the close of such calendar year. Attached to this Form U-3A-2 as Exhibit A. EXHIBIT B A Financial Data Schedule setting forth the financial and other data that are applicable to the registrant on a consolidated basis. Attached to this Form U-3A-2 as Exhibit B. EXHIBIT C An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. Not applicable. -7- 8 SCHEDULE A UGI UTILITIES, INC. OFF SYSTEM SALES BY STATE (MCF) 1/1/98 - 12/31/98
VOLUME REVENUE ALABAMA 9 $ 20.34 DELAWARE 21,186 50,412.39 INDIANA 67 154.56 KENTUCKY 69,267 172,192.13 LOUISIANA 1,309,605 2,935,727.11 MARYLAND 189,635 267,618.91 NORTH CAROLINA 9,465 23,364.55 NEW JERSEY 620,249 1,201,763.36 NEW YORK 642,551 1,490,093.22 OHIO 2,136,813 5,000,662.76 TEXAS 210,600 520,592.10 VIRGINIA 157,406 399,934.05 WEST VIRGINIA 22,715 56,412.98 ------------- ----------------- TOTAL 5,389,568 $12,118,948.46
9 EXHIBIT A UGI CORPORATION AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET SEPTEMBER 30, 1998 (Unaudited) (Millions of dollars)
Consolidated Eliminations Northfield UGI UGI and UGI Holding Utilities, Corp. Adjustments Corp. Company Inc. -------------- ----------- ----------- ----------- ----------- ASSETS Current assets: Cash and cash equivalents $ 66.6 $ - $ 15.2 $ 30.2 $ 4.7 Short-term investments 81.8 - - 75.1 - Accounts receivable 81.8 (0.2) 0.1 1.0 20.0 Accrued utility revenues 6.7 - - - 6.7 Accounts receivable - intercompany - (1.0) 0.4 - 0.2 Inventories 77.9 - - - 28.5 Prepaid propane purchases 0.8 - - - - Deferred income taxes 14.7 - 0.2 - 4.1 Prepaid expenses and other current assets 20.3 (2.8) 0.5 - 6.6 -------------- ----------- ----------- ----------- ----------- Total current assets 350.6 (4.0) 16.4 106.3 70.8 Investments in subsidiaries - (375.1) 375.1 - - Gross property, plant and equipment 1,464.5 0.1 0.4 - 797.5 Less: accumulated depreciation and amortization 465.5 0.1 0.3 - 253.6 -------------- ----------- ----------- ----------- ----------- Net property, plant and equipment 999.0 - 0.1 - 543.9 Intangible assets 630.7 - - - - Utility regulatory assets 59.3 - - - 59.3 Other assets 35.0 (12.4) 2.0 - 16.3 -------------- ----------- ----------- ----------- ----------- Total assets $ 2,074.6 $(391.5) $ 393.6 $ 106.3 $ 690.3 ============== =========== =========== =========== ===========
United UGI Valley Ashtola UGI AmeriGas, Properties, Insurance Production Enterprises, Inc. Inc. Company Company Inc. -------------- ----------- ----------- ----------- ---------- ASSETS Current assets: Cash and cash equivalents $ 10.2 $ 0.1 $ 0.9 $ 0.1 $ 5.2 Short-term investments - - 6.7 - - Accounts receivable 53.4 0.1 - - 7.4 Accrued utility revenues - - - - - Accounts receivable - intercompany 0.3 - - - 0.1 Inventories 49.4 - - - - Prepaid propane purchases 0.8 - - - - Deferred income taxes 10.1 - 0.3 - - Prepaid expenses and other current assets 15.7 0.1 0.2 - - -------------- ----------- ----------- ----------- ---------- Total current assets 139.9 0.3 8.1 0.1 12.7 Investments in subsidiaries - - - - - Gross property, plant and equipment 655.8 10.3 - - 0.4 Less: accumulated depreciation and amortization 210.0 1.4 - - 0.1 -------------- ----------- ----------- ----------- ---------- Net property, plant and equipment 445.8 8.9 - - 0.3 Intangible assets 630.7 - - - - Utility regulatory assets - - - - - Other assets 23.1 3.8 0.1 - 2.1 -------------- ----------- ----------- ----------- ---------- Total assets $ 1,239.5 $ 13.0 $ 8.2 $ 0.1 $ 15.1 ============== =========== =========== =========== ==========
10 UGI CORPORATION AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET SEPTEMBER 30, 1998 (Unaudited) (Millions of dollars)
Consolidated Eliminations Northfield UGI UGI and UGI Holding Utilities, Corp. Adjustments Corp. Company Inc. -------------- ----------- ----------- ----------- ----------- LIABILITIES AND EQUITY Current liabilities: Current maturities of long-term debt $ 13.6 $ - $ - $ - $ 7.1 Bank loans 78.4 - - - 68.4 Accounts payable 80.1 - 0.1 - 38.2 Accounts payable - intercompany - (11.1) 10.2 - 0.7 Employee compensation and benefits accrued 29.5 (0.1) 1.1 - 7.8 Dividends and interest accrued 44.7 - 12.0 - 4.6 Income taxes accrued 0.3 (0.2) (0.2) 0.1 0.2 Refunds and deposits 30.7 - - - 4.7 Other current liabilities 44.5 (3.2) 0.2 - 12.4 -------------- ----------- ----------- ----------- ----------- Total current liabilities 321.8 (14.6) 23.4 0.1 144.1 Long-term debt 890.8 - - - 180.1 Deferred income taxes 154.4 (2.0) 0.2 - 105.7 Deferred investment tax credits 10.0 - - - 10.0 Other noncurrent liabilities 74.0 0.3 2.9 - 19.1 Minority interest in AmeriGas Partners 236.5 - - - - UGI Utilities Series Preferred Stock Subject to Mandatory Redemption 20.0 - - - 20.0 Common stockholders' equity: Common Stock - (60.4) - - 60.3 Additional paid-in-capital 394.3 (431.5) 394.3 102.2 68.6 Retained earnings (accumulated deficit) (17.7) 116.7 (17.7) 4.0 82.4 -------------- ----------- ----------- ----------- ----------- 376.6 (375.2) 376.6 106.2 211.3 Less: treasury stock, at cost 9.5 - 9.5 - - -------------- ----------- ----------- ----------- ----------- Total common stockholders' equity 367.1 (375.2) 367.1 106.2 211.3 -------------- ----------- ----------- ----------- ----------- Total liabilities and stockholders' equity $ 2,074.6 $ (391.5) $ 393.6 $ 106.3 $ 690.3 ============== =========== =========== =========== ===========
United UGI Valley Ashtola UGI AmeriGas, Properties, Insurance Production Enterprises, Inc. Inc. Company Company Inc. -------------- ----------- ----------- ----------- ---------- LIABILITIES AND EQUITY Current liabilities: Current maturities of long-term debt $ 6.1 $ 0.4 $ - $ - $ - Bank loans 10.0 - - - - Accounts payable 34.2 - - - 7.6 Accounts payable - intercompany 0.1 - - - 0.1 Employee compensation and benefits accrued 20.0 - - - 0.7 Dividends and interest accrued 28.0 - 0.1 - - Income taxes accrued - - - 0.5 (0.1) Refunds and deposits 25.9 0.1 - - - Other current liabilities 29.7 - 5.2 - 0.2 -------------- ----------- ----------- ----------- ---------- Total current liabilities 154.0 0.5 5.3 0.5 8.5 Long-term debt 702.9 7.8 - - - Deferred income taxes 51.4 0.1 - - (1.0) Deferred investment tax credits - - - - - Other noncurrent liabilities 51.6 - - - 0.1 Minority interest in AmeriGas Partners 236.5 - - - - UGI Utilities Series Preferred Stock Subject to Mandatory Redemption - - - - - Common stockholders' equity: Common Stock - - 0.1 - - Additional paid-in-capital 240.7 4.4 0.4 9.9 5.3 Retained earnings (accumulated deficit) (197.6) 0.2 2.4 (10.3) 2.2 -------------- ----------- ----------- ----------- ---------- 43.1 4.6 2.9 (0.4) 7.5 Less: treasury stock, at cost - - - - - -------------- ----------- ----------- ----------- ---------- Total common stockholders' equity 43.1 4.6 2.9 (0.4) 7.5 -------------- ----------- ----------- ----------- ---------- Total liabilities and stockholders' equity $ 1,239.5 $ 13.0 $ 8.2 $ 0.1 $ 15.1 ============== =========== =========== =========== ==========
11 UGI CORPORATION AND SUBSIDIARIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED SEPTEMBER 30, 1998 (Unaudited) (Millions of dollars)
Consolidated Eliminations Northfield UGI UGI and UGI Holding Utilities, Corp. Adjustments Corp. Company Inc. -------------- ----------- ----------- ----------- ----------- Revenues: Propane $ 914.4 $ - $ - $ - $ - Utilities 422.3 - - - 422.3 Energy marketing 103.0 - - - - Other - (3.0) - - - -------------- ----------- ----------- ----------- ----------- 1,439.7 (3.0) - - 422.3 Costs and expenses: Propane cost of sales 443.8 - - - - Utilities - gas, fuel and purchased power 214.6 - - - 214.6 Energy marketing cost of sales 98.3 - - - - Operating and administrative expenses 437.7 (13.7) 10.7 - 116.0 Depreciation and amortization 87.8 - - - 22.1 Miscellaneous income, net (12.7) 10.8 (10.4) (5.1) (5.0) -------------- ----------- ----------- ----------- ----------- 1,269.5 (2.9) 0.3 (5.1) 347.7 -------------- ----------- ----------- ----------- ----------- Operating income 170.2 (0.1) (0.3) 5.1 74.6 Interest expense (84.4) 0.1 - - (17.6) Minority interest in AmeriGas Partners (8.9) - - - - -------------- ----------- ----------- ----------- ----------- Income before income taxes and subsidiary preferred stock dividends 76.9 - (0.3) 5.1 57.0 Income taxes (34.4) - 0.1 (1.8) (21.4) Dividends on UGI Utilities Series Preferred Stock (2.2) (2.2) - - - Equity in income of subsidiaries - (40.5) 40.5 - - -------------- ----------- ----------- ----------- ----------- Net income $ 40.3 (42.7) 40.3 3.3 35.6 ============== Dividends on preferred stock 2.2 - - (2.2) ----------- ----------- ----------- ----------- Net income after dividends on preferred stock $ (40.5) $ 40.3 $ 3.3 $ 33.4 =========== =========== =========== ===========
United UGI Valley Ashtola UGI AmeriGas, Properties, Insurance Production Enterprises, Inc. Inc. Company Company Inc. -------------- ----------- ----------- ----------- ---------- Revenues: Propane $ 914.4 $ - $ - $ - $ - Utilities - - - - - Energy marketing - - - - 103.0 Other - 1.7 1.3 - - -------------- ----------- ----------- ----------- ---------- 914.4 1.7 1.3 - 103.0 Costs and expenses: Propane cost of sales 443.8 - - - - Utilities - gas, fuel and purchased power - - - - - Energy marketing cost of sales - - - - 98.3 Operating and administrative expenses 318.8 0.7 1.0 (0.4) 4.6 Depreciation and amortization 65.4 0.2 - - 0.1 Miscellaneous income, net (3.2) (0.1) (0.5) - 0.8 -------------- ----------- ----------- ----------- ---------- 824.8 0.8 0.5 (0.4) 103.8 -------------- ----------- ----------- ----------- ---------- Operating income 89.6 0.9 0.8 0.4 (0.8) Interest expense (66.1) (0.7) - - (0.1) Minority interest in AmeriGas Partners (8.9) - - - - -------------- ----------- ----------- ----------- ---------- Income before income taxes and subsidiary preferred stock dividends 14.6 0.2 0.8 0.4 (0.9) Income taxes (11.1) (0.1) (0.3) (0.1) 0.3 Dividends on UGI Utilities Series Preferred Stock - - - - - Equity in income of subsidiaries - - - - - -------------- ----------- ----------- ----------- ---------- Net income 3.5 0.1 0.5 0.3 (0.6) Dividends on preferred stock - - - - - -------------- ----------- ----------- ----------- ---------- Net income after dividends on preferred stock $ 3.5 $ 0.1 $ 0.5 $ 0.3 $ (0.6) ============== =========== =========== =========== ==========
12 UGI CORPORATION AND SUBSIDIARIES CONSOLIDATING STATEMENT OF RETAINED EARNINGS (ACCUMULATED DEFICIT) FOR THE YEAR ENDED SEPTEMBER 30, 1998 (Unaudited) (Millions of dollars)
Consolidated Eliminations Northfield UGI UGI and UGI Holding Utilities, Corp. Adjustments Corp. Company Inc. -------------- ----------- ----------- ----------- ----------- Balance at September 30, 1997 $ (9.2) $ 79.3 $ (9.2) $ 0.6 $ 72.0 Net income 40.3 (42.7) 40.3 3.3 35.6 Dividends on Common Stock (47.8) 77.9 (47.8) - (22.6) Common Stock issued (0.7) - (0.7) - - Dividends on UGI Utilities Series Preferred Stock - 2.2 - - (2.2) Redemption of UGI Utilities Series Preferred Stock (0.3) 0.3 (0.3) - (0.3) Other - (0.3) - 0.1 (0.1) -------------- ----------- ----------- ----------- ----------- Balance at September 30, 1998 $ (17.7) $ 116.7 $ (17.7) $ 4.0 $ 82.4 ============== =========== =========== =========== ===========
United UGI Valley Ashtola UGI AmeriGas, Properties, Insurance Production Enterprises, Inc. Inc. Company Company Inc. -------------- ----------- ----------- ----------- ---------- Balance at September 30, 1997 $ (146.1) $ 0.1 $ 1.9 $ (10.5) $ 2.7 Net income 3.5 0.1 0.5 0.3 (0.6) Dividends on Common Stock (55.2) - (0.1) - - Common Stock issued - - - - - Dividends on UGI Utilities Series Preferred Stock - - - - - Redemption of UGI Utilities Series Preferred Stock - - - - - Other 0.2 - 0.1 (0.1) 0.1 -------------- ----------- ----------- ----------- ---------- Balance at September 30, 1998 $ (197.6) $ 0.2 $ 2.4 $ (10.3) $ 2.2 ============== =========== =========== =========== ==========
EX-27 2 FINANCIAL DATA SCHEDULE
5 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEET AND INCOME STATEMENT OF UGI CORPORATION AND SUBSIDIARIES AS OF AND FOR THE YEAR ENDED SEPTEMBER 30, 1998, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS INCLUDED IN UGI CORPORATION'S ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED SEPTEMBER 30, 1998. 0000884614 UGI CORPORATION 1,000 12-MOS SEP-30-1998 OCT-01-1997 SEP-30-1998 66,600 81,800 89,700 7,900 77,900 350,600 1,464,500 465,500 2,074,600 321,800 890,800 20,000 0 394,300 (27,200) 2,074,600 1,439,700 1,439,700 756,700 756,700 0 8,400 84,400 76,900 34,400 40,300 0 0 0 40,300 1.22 1.22
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