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By Jessica Farrish THE REGISTER-HERALD Dec 31, 2020 Dec 31, 2020 A Pennsylvania-based company has signed an agreement to purchase the parent company of Mountaineer Gas, the largest local gas distribution company in West Virginia, pending approval by the State Public Service Commission, the regulatory agency that oversees public utilities. UGI Corporation of Pennsylvania has signed an agreement to buy the Delaware-based Mountaintop Energy Holdings LLC, the owner of Mountaineer Gas, for an enterprise sum of $540 million, which gives UGI claim to all of Mountaineer s operating assets. The sum includes $140 million in debt, according to a statement from UGI. Mountaineer employees had learned of the rumored sale prior to Thanksgiving, although West Virginia Public Service Commission members said on Nov. 20 that they had not been notified of the impending acquisition by UGI.

United statesWest virginiaJohn walshMoses skaffPublic service commissionCorporation of pennsylvaniaMountaintop energy holdingsVirginia public service commissionMountaineer gasState public service commissionDelaware based mountaintop energy holdingsWest virginia public service commissionCharlotte laneSenior vice president moses skaffNatural gasVice president robert