UGI Corporation, through its subsidiaries, distributes, stores, transports, and markets energy products and related services. The company operates as a domestic and international retail distributor of propane and butane (which are both LPG (liquefied petroleum gases)); a provider of natural gas and electric service through regulated local distribution utilities; a generator of electricity; a regional marketer of energy commodities; an owner and manager of midstream assets; and a regional provider of heating, ventilation, air conditioning, refrigeration, plumbing, and electrical contracting services. Segments The company has six business segments: AmeriGas Propane; UGI International - UGI France (UGI France SAS); UGI International - Flaga & Other; Energy Services (UGI Energy Services, LLC); Electric Generation; and Gas Utility. AmeriGas Propane segment This segment consists of the propane distribution business of AmeriGas Partners, L.P. (‘AmeriGas Partners’ or the ‘Partnership’), a retail propane distributor. The Partnership’s sole general partner is the company’s subsidiary, AmeriGas Propane, Inc. (AmeriGas Propane). The company has an effective 26% ownership interest in the Partnership. Products, Services, and Marketing The company’s domestic propane distribution business is conducted through AmeriGas Partners. AmeriGas Propane is responsible for managing the Partnership. The Partnership serves approximately 2 million customers in all 50 states from approximately 2,000 propane distribution locations. In addition to distributing propane, the Partnership sells, installs, and services propane appliances, including heating systems, as well as operates a residential heating, ventilation, air conditioning, plumbing, and related services business in certain counties of Pennsylvania, Delaware, and Maryland. As part of its overall transportation and distribution infrastructure, the Partnership operates as an interstate carrier in all states throughout the continental United States (U.S.). The Partnership sells propane primarily to residential, commercial/industrial, motor fuel, agricultural, and wholesale customers. The Partnership distributed approximately 1.2 billion gallons of propane in the year ended September 30, 2015. The Partnership continues to expand its AmeriGas Cylinder Exchange (ACE) program. As of September 30, 2015, ACE cylinders were available at approximately 48,500 retail locations throughout the U.S. Sales of the company’s ACE cylinders to retailers are included in commercial/industrial sales. The company also supplies retailers with large propane tanks to enable retailers to replenish customers’ propane cylinders directly at the retailer’s location. Residential and commercial customers use propane primarily for home heating, water heating, and cooking purposes. Commercial users include hotels, restaurants, churches, warehouses, and retail stores. Industrial customers use propane to fire furnaces, as a cutting gas and in other process applications. Other industrial customers are large-scale heating accounts and local gas utility customers who use propane as a supplemental fuel to meet peak load deliverability requirements. As a motor fuel, propane is burned in internal combustion engines that power over-the-road vehicles, forklifts, commercial lawn mowers, and stationary engines. Agricultural uses include tobacco curing, chicken brooding, and crop drying. In its wholesale operations, the Partnership principally sells propane to large industrial end-users and other propane distributors. Retail deliveries of propane are made to customers by means of bobtail and rack trucks. Propane is pumped from the bobtail truck, which holds 2,400 to 3,000 gallons of propane, into a stationary storage tank on the customer’s premises. The Partnership owns majority of these storage tanks and leases them to its customers. The capacity of these tanks ranges from approximately 120 gallons to approximately 1,200 gallons. The Partnership also delivers propane in portable cylinders, including ACE cylinders. Propane Supply and Storage For the year ended September 30, 2015, Enterprise Products Partners
ugi corp (UGI:New York)
460 North Gulph Road
King Of Prussia, PA 19406
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