As the cold weather slowly arrives, it is an important time to look into locking in your energy prices. Typically, energy bills play a significant role in the operating budget of one’s business. If not prepared, energy market price fluctuations can affect this budgeting process, resulting in unpredicted expenses. Take the stress out of these natural gas and electric costs by relying on an energy company you can trust. When shopping around for an energy provider, there are things to consider to assure that you are in good hands.
Stonehenge Appalachia Midstream Natural Gas Gathering System Acquisition
VALLEY FORGE, Pa., January 4 – UGI Corporation (NYSE:UGI) announced today that its subsidiary, UGI Energy Services, LLC (“UGIES”), has entered into a definitive agreement to acquire Stonehenge Appalachia, LLC (“Stonehenge”) from Stonehenge Energy Holdings, LLC for approximately $190 million. This investment is expected to be immediately accretive to adjusted earnings.