Our History
A rich history that shaped us into the organization we are today
UGI Corporation boasts a rich history as an organization that spans more than 135 years. Our businesses have thrived through the Great Depression, two World Wars and the major divestment of assets following the Public Utility Holding Company Act of 1935. These are some of the events that have made UGI the organization we are today.
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Incorporated in Philadelphia, Pennsylvania as United Gas Improvement Company, becoming the first public utility holding company in the United States.
Pays first dividend, marking the first year of a tradition that would continue, unbroken, to today.
Constructs a new 12-story building for its corporate headquarters at Broad and Arch Streets in Philadelphia, Pennsylvania. UGI would remain at this location for 75 years.
Holds interests in 45 gas and electric companies throughout the United States.
UGI stock is listed on the New York Stock Exchange.
UGI celebrates its 50th anniversary.
UGI has $846 million in assets, operates in 11 states, holds investments in 90 companies, four sub-holding companies, and 48 non-utility companies.
In accordance with the Public Utility Holding Company Act of 1935, the majority of UGI’s investments in Philadelphia Electric Company, Public Service Corporation of New Jersey, and Delaware Power and Light were distributed to shareholders directly in stock.
UGI de-registers as a holding company and becomes a public utility operating company doing business entirely within the Commonwealth of Pennsylvania.
Ugite Gas, a majority owned subsidiary of UGI, enters the propane distribution business with the acquisition of three companies servicing 21,000 customers in southeastern Pennsylvania and Maryland.
UGI officially changes its name to UGI Corporation.
After 75 years, UGI’s management of Philadelphia Gas Works ends.
UGI relocates its Corporate Headquarters to Valley Forge, PA.
UGI builds a 0.25BCF LNG storage tank near Reading, PA.
UGI forms AmeriGas. Ugite Gas becomes the LP Gas Division of AmeriGas.
UGI marks its 100th consecutive year of dividend payments; establishes the tradename “GASMARK” as one of the first marketers to sell natural gas to business users in the deregulated marketplace.
UGI forms holding company.
UGI enters the international propane business with its acquisition of Flaga GmbH in Austria.
UGI completes the acquisition of a 20% interest in Antargaz, one of the largest LPG distributors in France; AmeriGas completes the acquisition of Columbia Propane.
UGI reports over $5 billion in revenues for the first time; UGI Utilities acquires the gas utility operations of PG Energy Inc. from Southern Union.
AmeriGas acquires Heritage Propane for $2.6 billion; UGI marks its 128th consecutive year of dividend payments and its 25th consecutive year of dividend increases.
Announces PennEast Pipeline project.
UGI Completes Totalgaz acquisition in France.
Receives approval to merge our three gas utilities.
Completes the strategic acquisition of Columbia Midstream Group (integrated as UGI Appalachia) and the AmeriGas Merger transaction.
Acquires GHI Energy, a platform for continued growth in the renewable natural gas; fully divests all investments in coal.
Commits to investing over $1 Billion in renewable energy solutions over the next 5 years; acquires Mountaineer Gas Company, the largest Gas LDC in West Virginia.