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UGI Utilities, Inc. (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):   September 1, 2016

UGI Utilities, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Pennsylvania 1-1398 23-1174060
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
2525 N. 12th Street, Suite 360, Reading, Pennsylvania   19612
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   610 796-3400

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))

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Item 8.01 Other Events.

On September 1, 2016, the Pennsylvania Public Utility Commission ("PUC") voted to approve, with certain amendments, a settlement on the base rate case previously submitted by the Registrant to the PUC. Subject to the entry of a final order, the base rates will increase by approximately $27 million. The new rates apply only to the Registrant's Gas Division and will become effective on October 19, 2016.

A copy of the press release issued by the Registrant's parent, UGI Corporation, is attached as Exhibit 99.1 to this report.





Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press Release of UGI Corporation dated September 1, 2016.





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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 Utilities, Inc.
          
September 2, 2016   By:   /s/ Kirk R. Oliver
       
        Name: Kirk R. Oliver
        Title: Vice President - Financial Strategy

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Exhibit Index


     
Exhibit No.   Description
 
99.1
  Press Release of UGI Corporation dated September 1, 2016.
EX-99.1
         
Contact:   610-337-1000  
For Immediate Release:
    Will Ruthrauff, ext. 6571  
September 1, 2016

Shelly Oates, ext. 3202

UGI Utilities Increases Base Rates

VALLEY FORGE, Pa., September 1, 2016 – UGI Corporation (NYSE: UGI) announced today that the Pennsylvania Public Utility Commission voted to approve, with certain amendments, a settlement on the base rate case of its indirect, wholly owned subsidiary, UGI Utilities, Inc. – Gas Division. UGI Utilities, Inc. – Gas Division serves 372,000 customers in 16 eastern and southcentral counties in Pennsylvania.
Subject to the entry of a final order reflecting today’s vote, the base rates will increase by $27 million and go into effect on October 19, 2016.

The typical residential customer will see their bill increase $4.17, or 7.0%. The typical commercial customer bill will increase $5.79, or 1.5%. The typical industrial customer will see their bill increase $29.41, or 2.2%.

Base rates cover the cost of operating and maintaining the natural gas distribution system. These rates also cover the costs associated with customer services such as billing, meter reading and 24-hour emergency response.

About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes propane both domestically and internationally, manages midstream energy and electric generation assets in Pennsylvania, and engages in energy marketing in the Mid-Atlantic region. UGI, through subsidiaries, is the sole General Partner and owns 26% of AmeriGas Partners, L.P. (NYSE:APU), the nation’s largest retail propane distributor.

Comprehensive information about UGI Corporation is available on the Internet at http://www.ugicorp.com.