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UGI signals confidence in gas utility business with Mountaineer Gas purchase

Blog Video: Path to Carbon-Free Power Generation by 2035 The 2021 U.S. Renewable Energy Outlook European Energy Insights - February 2021 5 Jan, 2021 Author Tom DiChristopher UGI Corp. s $540 million deal to acquire West Virginia utility operator Mountaintop Energy Holdings LLC demonstrates the energy delivery company s confidence that natural gas distribution will remain a growth business for decades to come. Executives at UGI framed the acquisition of Mountaintop subsidiary Mountaineer Gas Co. as part of their overall strategy to increase their exposure to natural gas businesses, grow regulated earnings and tackle greenhouse gas emissions reductions. They stressed that the combination is not about achieving cost cuts but about executing their long-term vision.

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