-----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, IORi9LfAVr85mUCCpHR4+mYfUM2fXzfqpjcsRLceiSwtscNZMPWHviMJ9mqp0KZw Ule0hYwRzfO75h8ydY9B6w== 0001299933-10-002775.txt : 20100722 0001299933-10-002775.hdr.sgml : 20100722 20100722142038 ACCESSION NUMBER: 0001299933-10-002775 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100722 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100722 DATE AS OF CHANGE: 20100722 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11071 FILM NUMBER: 10964505 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 8-K 1 htm_38420.htm LIVE FILING UGI Corporation (Form: 8-K)  

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   July 22, 2010

UGI Corporation
__________________________________________
(Exact name of registrant as specified in its charter)

     
Pennsylvania 1-11071 23-2668356
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
460 No.Gulph Road, King of Prussia, Pennsylvania   19406
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   610 337-1000

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On July 22, 2010, UGI Corporation announced that its wholly-owned subsidiary, UGI Energy Services, Inc., signed a definitive agreement to sell its wholly-owned subsidiary, Atlantic Energy, Inc., to DCP Midstream Partners, LP for $49 million plus inventory and other working capital. Atlantic Energy, Inc. owns and operates a marine import terminal with 20 million gallons of above ground storage in the Port of Chesapeake, Virginia.

A copy of the press release is furnished as Exhibit 99 to this report and is incorporated herein by reference.





Item 9.01 Financial Statements and Exhibits.

99 Press Release of UGI Corporation dated July 22, 2010.





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    UGI Corporation
          
July 22, 2010   By:   Robert W. Krick
       
        Name: Robert W. Krick
        Title: Vice President and Treasurer

Exhibit Index


     
Exhibit No.   Description
 
99
  Press Release of UGI Corporation dated July 22, 2010.
EX-99 2 exhibit1.htm EX-99 EX-99

For Immediate Release

July 22, 2010

 
Contact:610-337-1000
Robert W. Krick, ext. 13645
Brenda Blake, ext. 13202

UGI Reports Sale of Propane Import Terminal

Valley Forge, PA, July 22 – UGI Corporation (NYSE: UGI) announced today that its wholly-owned subsidiary, UGI Energy Services, Inc., has agreed to sell Atlantic Energy to DCP Midstream Partners, LP (NYSE: DPM) for $49 million plus inventory and other working capital. Atlantic Energy owns and operates a marine import terminal with 20 million gallons of above ground storage in the Port of Chesapeake, Virginia.

Lon R. Greenberg, chairman and chief executive officer of UGI, said, “Although a high-quality asset with a consistent earnings history, we have decided that Atlantic Energy is no longer a strategic asset and we will redeploy the proceeds of the sale to our core businesses.”

The sale is expected to close in August 2010. UGI expects to record a gain of approximately $0.15 per share in its fourth fiscal quarter.

UGI Energy Services, the energy marketing unit of UGI, markets natural gas, electricity, and fuel oil to over 8,000 commercial and industrial customers at over 25,000 locations throughout the mid-Atlantic region, owns and operates natural gas storage and peaking plants for utility clients, and owns 112 megawatts of electric generation capacity.

UGI is a holding company with propane marketing, utility and energy marketing subsidiaries.

Additional information about UGI and UGI Energy Services is available at www.ugicorp.com and www.ugienergyservices.com, respectively.

C-09 # # # 7/22/10

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