Inventories

6 Months Ended

Mar. 31, 2012

Inventories [Abstract]

Inventories

15. Inventories

Inventories comprise the following:

	March 31,		September 30,		March 31,
	2012		2011		2011
Non-utility LPG and natural gas	$	261.5	$	222.2	$	160.9
Gas Utility natural gas		12.8		95.6		7.9
Materials, supplies and other		73.5		45.2		53.3
Total inventories	$	347.8	$	363.0	$	222.1

At March 31, 2012, UGI Utilities is a party to three storage contract administrative agreements (“SCAAs”), two of which expire in October 2012 and one of which expires in October 2013. Pursuant to these and predecessor SCAAs, UGI Utilities has, among other things, released certain storage and transportation contracts for the terms of the SCAAs. UGI Utilities also transferred certain associated storage inventories upon commencement of the SCAAs, will receive a transfer of storage inventories at the end of the SCAAs, and makes payments associated with refilling storage inventories during the term of the SCAAs. The historical cost of natural gas storage inventories released under the SCAAs, which represents a portion of Gas Utility’s total natural gas storage inventories, and any exchange receivable (representing amounts of natural gas inventories used by the other parties to the agreement but not yet replenished), are included in the caption “Gas Utility natural gas” in the table above.

The carrying values of natural gas storage inventories released under SCAAs with non-affiliates at March 31, 2012, September 30, 2011 and March 31, 2011 comprising 0.6 billion cubic feet (“bcf”), 3.9 bcf and 0.4 bcf of natural gas was $2.9, $19.0 and $1.6, respectively.