<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM U-3A-2 File No. 69-00410
STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION UNDER RULE U-3A-2 FROM THE
PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
To Be Filed Annually Prior to March 1
UGI CORPORATION
460 NORTH GULPH ROAD
KING OF PRUSSIA, PA 19406
(Name of company)
hereby files with the Securities and Exchange Commission, pursuant to Rule 2,
its statement claiming exemption as a holding company from the provisions of
the Public Utility Holding Company Act of 1935, and submits the following
information:
1. Name, State of organization, location and nature of business of
claimant and every subsidiary thereof, other than any exempt wholesale
generator (EWG) or foreign utility company in which claimant directly or
indirectly holds an interest.
UGI Corporation (the "Company" or "UGI") was incorporated as a stock
corporation under the laws of Pennsylvania on December 20, 1991. The Company's
principal office is located at 460 North Gulph Road, King of Prussia,
Pennsylvania 19406.
UGI is a holding company which owns directly seven subsidiaries as
follows:
a. UGI Utilities, Inc. ("UGI Utilities") is a public utility
company incorporated in Pennsylvania that owns and operates (i) a natural gas
distribution utility serving 14 counties in eastern and southeastern
Pennsylvania, and (ii) an electric utility serving parts of Luzerne and Wyoming
Counties in northeastern Pennsylvania.
UGI Development Company, an inactive Pennsylvania
corporation, is a wholly owned subsidiary of UGI Utilities.
b. AmeriGas, Inc. is a Pennsylvania corporation which conducts
a propane distribution business from over 600 district locations in 45 states
through AmeriGas Partners, L.P., a Delaware Limited Partnership (the
"Partnership"). Through its subsidiaries, AmeriGas, Inc. owns 58% of the
Partnership. AmeriGas Propane, Inc., a Pennsylvania corporation, is a wholly
owned subsidiary of
<PAGE> 2
AmeriGas, Inc. and the sole general partner of the Partnership. AmeriGas, Inc.
is also the parent company of Four Flags Drilling Company, Inc., an inactive
Pennsylvania corporation.
Four Flags Drilling Company, Inc. is the parent company of
Four Flags Holding Company, a Delaware investment holding company.
AmeriGas Propane, Inc. is the parent company of (i)
AmeriGas Technology Group, Inc., a Pennsylvania corporation engaged in the
commercialization of a patented process for use by waste treatment facilities,
and (ii) Petrolane Incorporated, a Pennsylvania holding company.
AmeriGas Partners, L. P. is the parent company of AmeriGas
Finance Corp., a Delaware corporation that serves as co-obligor for certain
debt securities of the Partnership. AmeriGas Partners holds the limited
partnership interests in AmeriGas Propane, L.P., a Delaware limited
partnership.
AmeriGas Propane, L.P. is the parent company of (i)
AmeriGas Propane Parts & Service, Inc., a Pennsylvania corporation which sells
appliance parts and fittings and services propane appliances, (ii) Northwest
LPG Supply Ltd., an inactive Canadian corporation, and (iii) Petrolane Offshore
Ltd., an inactive Bermuda corporation.
c. UGI Enterprises, Inc. is a Pennsylvania corporation that
conducts a gas marketing business under the trade name of GASMARK through its
subsidiary, UGI Energy Services, Inc., a Pennsylvania corporation, and an
electric energy marketing business under the trade name POWERMARK through its
subsidiary, UGI Power Supply, Inc., also a Pennsylvania corporation. Energy
development partnerships in international markets are pursued through its
wholly owned subsidiaries, (i) UGI Black Sea Enterprises, Inc., a Pennsylvania
corporation, (ii) UGI International Enterprises, Inc., a Pennsylvania
corporation, (iii) UGI International (China), Inc., a Delaware corporation,
(iv) UGI International (Romania), Inc., a Pennsylvania corporation, and (v) UGI
Romania, Inc., a Pennsylvania corporation.
Energy Services Holding Company, a Delaware investment
holding company, is a subsidiary of UGI Energy Services, Inc.
d. UGI Properties, Inc. is a Pennsylvania corporation that owns
UGI's corporate headquarters building in King of Prussia, Pennsylvania.
e. Ashtola Production Company is an inactive Pennsylvania
corporation.
Ashtola Production Company is the parent company of UGI
Ethanol Development Corporation, an inactive Pennsylvania corporation, and
Cryotex Incorporated, an inactive Delaware corporation.
f. United Valley Insurance Company, a Vermont corporation,
provides auto, general, and workers' compensation liability insurance coverage
to UGI and certain of its subsidiaries.
-2-
<PAGE> 3
g. Northfield Holding Company is a Delaware investment holding
company.
2. A brief description of the properties of claimant and each of its
subsidiary public utility companies used for the generation, transmission, and
distribution of electric energy for sale, or for the production, transmission,
and distribution of natural or manufactured gas, indicating the location of
principal generating plants, transmission lines, producing fields, gas
manufacturing plants, and electric and gas distribution facilities, including
all such properties which are outside the State in which claimant and its
subsidiaries are organized and all transmission or pipelines which deliver or
receive electric energy or gas at the borders of such State.
The Company does not directly own any such properties.
The Company's subsidiary that is a public utility company, UGI
Utilities, Inc., owns the following properties and related land rights used for
the generation, transmission, and distribution of electric energy for sale to
customers in communities which have granted a franchise to provide electric
energy:
a. Principal generating plants: Hunlock generating station
located near Kingston, Pennsylvania; and a 1.11% ownership interest in
Conemaugh Station, located near Johnstown, Pennsylvania.
b. Transmission lines: 2,092 miles of transmission and
distribution lines and related facilities in portions of Luzerne and Wyoming
Counties in northeastern Pennsylvania.
c. Electric distribution facilities: 27 substations,
transformers and associated distribution facilities located in the service
area, in addition to the distribution lines referred to above.
UGI Utilities provides natural gas services through
approximately 4,200 miles of gas mains, related service facilities and land
rights, for the distribution of natural gas throughout a 14 county service area
in eastern and southeastern Pennsylvania to customers in communities which have
granted a franchise to provide gas service. In addition, it owns the following
properties used for the production and distribution of natural or manufactured
gas:
Gas storage plants: peak shaving facilities in Harrisburg,
Reading and Bethlehem, Pennsylvania which produce propane air and have a design
capacity to manufacture up to 35,000 Mcf. of propane air per day and a
liquefied natural gas plant near Reading, Pennsylvania which has storage
capacity of 270,000 Mcf. and is designed to add up to 25,000 Mcf. per day to
the sendout capacity.
3. The following information for the last calendar year with respect to
claimant and each of its subsidiary public utility companies:
-3-
<PAGE> 4
a. Number of kwh. of electric energy sold (at retail or
wholesale), and Mcf. of natural or manufactured gas distributed at retail.
None by UGI
<TABLE>
<S> <C>
UGI Utilities 870,802,058 kwh.
Sold at Retail 36,299,530 Mcf.
Transportation 42,022,996
----------
Total 78,322,526 Mcf.
</TABLE>
b. Number of kwh. of electric energy and Mcf. of natural or
manufactured gas distributed at retail outside the State in which each such
company is organized.
None by UGI or UGI Utilities
c. Number of kwh. of electric energy and Mcf. of natural or
manufactured gas sold at wholesale outside the State in which each such company
is organized, or at the State line.
None by UGI.
UGI Utilities - 7,399,945 Mcf.
NOTE: UGI Utilities' principal business is the
distribution of natural gas exclusively within the Commonwealth of
Pennsylvania. Incidental to its principal business, UGI Utilities may, from
time to time, sell natural gas to other gas utilities or brokers on a wholesale
basis. Some of these transactions may take place outside the state.
d. Number of kwh. of electric energy and Mcf. of natural or
manufactured gas purchased outside the State in which each such company is
organized or at the State line.
None by UGI
UGI Utilities, Inc. - 44,281,573 Mcf.
4. The following information for the reporting period with respect to claimant
and each interest it holds directly or indirectly in an EWG or a foreign
utility company, stating monetary amounts in United States dollars:
a. Name, location, business address and description of the
facilities used by the EWG or foreign utility company for the generation,
transmission and distribution of electric energy for sale or for the
distribution at retail of natural or manufactured gas.
None by UGI or UGI Utilities
-4-
<PAGE> 5
b. Name of each system company that holds an interest in such
EWG or foreign utility company; and description of the interest held.
None by UGI or UGI Utilities
c. Type and amount of capital invested, directly or indirectly,
by the holding company claiming exemption; any direct or indirect guarantee of
the security of the EWG or foreign utility company by the holding company
claiming exemption; and any debt or other financial obligation for which there
is recourse, directly or indirectly, to the holding company claiming exemption
or another system company, other than the EWG or foreign utility company.
None by UGI or UGI Utilities
d. Capitalization and earnings of the EWG or foreign utility
company during the reporting period.
None by UGI or UGI Utilities
e. Identify any service, sales or construction contract(s)
between the EWG or foreign utility company and a system company, and describe
the services to be rendered or goods sold and fees or revenues under such
agreement(s).
None by UGI or UGI Utilities
The above-named claimant has caused this statement to be duly
executed on its behalf by its authorized officer on this 26th day of February,
1998.
UGI CORPORATION
(Name of claimant)
By: /s/ Michael J. Cuzzolina
-----------------------------
(Title)
Michael J. Cuzzolina
Vice President - Accounting
and Financial Control
-5-
<PAGE> 6
CORPORATE SEAL
Attest:
/s/ Brendan P. Bovaird
- --------------------------
Brendan P. Bovaird
Corporate Secretary
Name, title, and address of officer to whom notices and correspondence
concerning this statement should be addressed:
Brendan P. Bovaird
Corporate Secretary
UGI Corporation
460 North Gulph Road
King of Prussia, PA 19406
-6-
<PAGE> 7
EXHIBIT A
A consolidating statement of income and surplus of the claimant and its
subsidiary companies for the last calendar year, together with a consolidating
balance sheet of the claimant and its subsidiary companies as of the close of
such calendar year.
Attached to this Form U-3A-2 as Exhibit A.
EXHIBIT B
A Financial Data Schedule setting forth the financial and other data that
are applicable to the registrant on a consolidated basis.
Attached to this Form U-3A-2 as Exhibit B.
EXHIBIT C
An organizational chart showing the relationship of each EWG or foreign
utility company to associate companies in the holding company system.
Not applicable.
-7-
<PAGE> 1
EXHIBIT A
UGI CORPORATION AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
SEPTEMBER 30, 1997
(Unaudited)
(Millions of dollars)
<TABLE>
<CAPTION>
Consolidated Eliminations Northfield UGI
UGI and UGI Holding Utilities,
Corp. Adjustments Corp. Company Inc.
------------ --------------- --------- ------------ ----------
<S> <C> <C> <C> <C> <C>
ASSETS
Current assets:
Cash and cash equivalents $ 64.0 $ - $ 20.1 $ 16.2 $ 12.8
Short-term investments 65.4 - - 58.5 -
Accounts receivable 110.6 (0.7) 0.2 0.5 25.0
Accrued utility revenues 7.7 - - - 7.7
Accounts receivable - intercompany - (0.9) 0.3 - 0.3
Inventories 95.6 - - - 30.7
Prepaid propane purchases 21.7 - - - -
Deferred income taxes 20.3 - 0.2 - 7.2
Insurance indemnification receivable 2.4 (0.8) - - -
Prepaid expenses and other current assets 16.2 - 0.1 - 4.7
------------ -------------- --------- ------------ ----------
Total current assets 403.9 (2.4) 20.9 75.2 88.4
Investments in subsidiaries - (376.2) 376.2 - -
Gross property, plant and equipment 1,397.3 - 0.4 - 765.6
Less: accumulated depreciation and amortization 410.1 0.1 0.2 - 237.3
------------ -------------- --------- ------------ ----------
Net property, plant and equipment 987.2 (0.1) 0.2 - 528.3
Intangible assets 677.9 - - - -
Regulatory income tax asset 44.4 - - - 44.4
Other assets 38.3 (11.7) 3.8 - 20.3
------------ -------------- --------- ------------ ----------
Total assets $ 2,151.7 $ (390.4) $ 401.1 $ 75.2 $ 681.4
============ ============== ========= ============ ==========
<CAPTION>
United
UGI Valley Ashtola UGI
AmeriGas, Properties, Insurance Production Enterprises,
Inc. Inc. Company Company Inc.
---------- ----------- --------- ---------- ------------
<S> <C> <C> <C> <C> <C>
ASSETS
Current assets:
Cash and cash equivalents $ 8.6 $ 0.1 $ 1.0 $ 0.1 $ 5.1
Short-term investments - - 6.9 - -
Accounts receivable 75.3 - - - 10.3
Accrued utility revenues - - - - -
Accounts receivable - intercompany 0.2 - - - 0.1
Inventories 64.8 - - - 0.1
Prepaid propane purchases 21.7 - - - -
Deferred income taxes 12.5 - 0.4 - -
Insurance indemnification receivable 3.2 - - - -
Prepaid expenses and other current assets 10.9 0.1 0.4 - -
---------- ----------- --------- ---------- ------------
Total current assets 197.2 0.2 8.7 0.1 15.6
Investments in subsidiaries - - - - -
Gross property, plant and equipment 620.6 10.3 - - 0.4
Less: accumulated depreciation and amortization 171.3 1.1 - - 0.1
---------- ----------- --------- ---------- ------------
Net property, plant and equipment 449.3 9.2 - - 0.3
Intangible assets 677.9 - - - -
Regulatory income tax asset - - - - -
Other assets 25.1 0.1 - - 0.7
---------- ----------- --------- ---------- ------------
Total assets $ 1,349.5 $ 9.5 $ 8.7 $ 0.1 $ 16.6
========== =========== ========= ========== ============
</TABLE>
<PAGE> 2
UGI CORPORATION AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
SEPTEMBER 30, 1997
(Unaudited)
(Millions of dollars)
<TABLE>
<CAPTION>
Consolidated Eliminations Northfield UGI
UGI and UGI Holding Utilities,
Corp. Adjustments Corp. Company Inc.
------------ ------------ ------- ---------- ----------
<S> <C> <C> <C> <C> <C>
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt $ 24.2 $ - $ - $ - $ 17.1
Current portion of Utilities Preferred Stock 3.0 - - - 3.0
Bank loans 95.0 - - - 67.0
Accounts payable 103.2 - 0.2 - 44.5
Accounts payable - intercompany - (11.4) 10.1 - 0.9
Employee compensation and benefits accrued 27.8 - 1.3 - 8.2
Dividends and interest accrued 43.2 (0.1) 11.9 - 3.7
Income taxes accrued 27.4 - (0.1) 0.4 5.1
Insured property and casualty liability 1.0 - - - -
Refunds and deposits 24.0 - - - 3.7
Other current liabilities 55.7 (1.5) 0.1 - 22.9
------------ ------------ ------- ---------- ----------
Total current liabilities 404.5 (13.0) 23.5 0.4 176.1
Long-term debt 844.8 - - - 152.2
Deferred income taxes 152.5 (1.3) 0.2 - 99.8
Deferred investment tax credits 10.4 - - - 10.4
Other noncurrent liabilities 64.7 - 1.3 - 10.2
Minority interest in AmeriGas Partners 266.5 - - - -
UGI Utilities Series Preferred Stock Subject to
Mandatory Redemption 32.2 - - - 32.2
Common stockholders' equity:
Common Stock - (60.4) - - 60.3
Additional paid-in-capital 393.7 (395.0) 393.7 74.2 68.2
Retained earnings (accumulated deficit) (9.2) 79.3 (9.2) 0.6 72.0
------------ ------------ ------- ---------- ----------
384.5 (376.1) 384.5 74.8 200.5
Less: treasury stock, at cost 8.4 - 8.4 - -
------------ ------------ ------- ---------- ----------
Total common stockholders' equity 376.1 (376.1) 376.1 74.8 200.5
------------ ------------ ------- ---------- ----------
Total liabilities and stockholders' equity $ 2,151.7 $ (390.4) $ 401.1 $ 75.2 $ 681.4
============ ============ ======= ========== ==========
<CAPTION>
United
UGI Valley Ashtola UGI
AmeriGas, Properties, Insurance Production Enterprises,
Inc. Inc. Company Company Inc.
--------- ----------- --------- ---------- ------------
<S> <C> <C> <C> <C> <C>
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt $ 6.7 $ 0.4 $ - $ - $ -
Current portion of Utilities Preferred Stock - - - - -
Bank loans 28.0 - - - -
Accounts payable 50.2 - - - 8.3
Accounts payable - intercompany 0.2 0.1 - - 0.1
Employee compensation and benefits accrued 17.8 - - - 0.5
Dividends and interest accrued 27.6 - 0.1 - -
Income taxes accrued 21.8 - - 0.4 (0.2)
Insured property and casualty liability 1.0 - - - -
Refunds and deposits 20.3 - - - -
Other current liabilities 25.6 - 6.2 - 2.4
--------- ----------- --------- ---------- ------------
Total current liabilities 199.2 0.5 6.3 0.4 11.1
Long-term debt 684.4 8.2 - - -
Deferred income taxes 54.0 0.1 - (0.1) (0.2)
Deferred investment tax credits - - - - -
Other noncurrent liabilities 52.7 - - 0.4 0.1
Minority interest in AmeriGas Partners 266.5 - - - -
UGI Utilities Series Preferred Stock Subject to
Mandatory Redemption - - - - -
Common stockholders' equity:
Common Stock - - 0.1 - -
Additional paid-in-capital 238.8 0.6 0.4 9.9 2.9
Retained earnings (accumulated deficit) (146.1) 0.1 1.9 (10.5) 2.7
--------- ----------- --------- ---------- ------------
92.7 0.7 2.4 (0.6) 5.6
Less: treasury stock, at cost - - - - -
--------- ----------- --------- ---------- ------------
Total common stockholders' equity 92.7 0.7 2.4 (0.6) 5.6
--------- ----------- --------- ---------- ------------
Total liabilities and stockholders' equity $ 1,349.5 $ 9.5 $ 8.7 $ 0.1 $ 16.6
========= =========== ========= ========== ============
</TABLE>
<PAGE> 3
UGI CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED SEPTEMBER 30, 1997
(Unaudited)
(Millions of dollars)
<TABLE>
<CAPTION>
Consolidated Eliminations Northfield UGI
UGI and UGI Holding Utilities,
Corp. Adjustments Corp. Company Inc.
------------ ------------ ------- ---------- ----------
<S> <C> <C> <C> <C> <C>
Revenues:
Propane $ 1,077.8 $ - $ - $ - $ -
Utilities 461.2 - - - 461.2
Energy marketing 103.0 - - - -
Other - (3.5) - - -
------------ ------------ ------- ---------- ----------
1,642.0 (3.5) - - 461.2
Costs and expenses:
Propane cost of sales 600.4 - - - -
Utilities - gas, fuel and purchased power 239.0 - - - 239.0
Energy marketing cost of sales 99.4 - - - -
Operating and administrative expenses 439.8 (15.6) 12.1 - 123.4
Depreciation and amortization 86.1 - 0.1 - 21.4
Miscellaneous income, net (22.6) 12.1 (14.8) (1.0) (2.7)
------------ ------------ ------- ---------- ----------
1,442.1 (3.5) (2.6) (1.0) 381.1
------------ ------------ ------- ---------- ----------
Operating income 199.9 - 2.6 1.0 80.1
Interest expense (83.1) - - - (16.8)
Minority interest in AmeriGas Partners (18.3) - - - -
------------ ------------ ------- ---------- ----------
Income before income taxes and subsidiary
preferred stock dividends 98.5 - 2.6 1.0 63.3
Income taxes (43.6) - (1.1) (0.4) (24.6)
Dividends on UGI Utilities Series Preferred Stock (2.8) (2.8) - - -
Equity in income of subsidiaries - (50.6) 50.6 - -
------------ ------------ ------- ---------- ----------
Net income $ 52.1 (53.4) 52.1 0.6 38.7
============
Dividends on preferred stock 2.8 - - (2.8)
------------ ------- ---------- ----------
Net income after dividends on preferred stock $ (50.6) $ 52.1 $ 0.6 $ 35.9
============ ======= ========== ==========
<CAPTION>
United
UGI Valley Ashtola UGI
AmeriGas, Properties, Insurance Production Enterprises,
Inc. Inc. Company Company Inc.
---------- ----------- --------- ---------- ------------
<S> <C> <C> <C> <C> <C>
Revenues:
Propane $ 1,077.8 $ - $ - $ - $ -
Utilities - - - - -
Energy marketing - - - - 103.0
Other - 1.7 1.8 - -
---------- ----------- --------- ---------- ------------
1,077.8 1.7 1.8 - 103.0
Costs and expenses:
Propane cost of sales 600.4 - - - -
Utilities - gas, fuel and purchased power - - - - -
Energy marketing cost of sales - - - - 99.4
Operating and administrative expenses 314.2 0.7 1.4 - 3.6
Depreciation and amortization 64.3 0.2 - - 0.1
Miscellaneous income, net (15.1) - (0.4) - (0.7)
---------- ----------- --------- ---------- ------------
963.8 0.9 1.0 - 102.4
---------- ----------- --------- ---------- ------------
Operating income 114.0 0.8 0.8 - 0.6
Interest expense (65.6) (0.7) - - -
Minority interest in AmeriGas Partners (18.3) - - - -
---------- ----------- --------- ---------- ------------
Income before income taxes and subsidiary
preferred stock dividends 30.1 0.1 0.8 - 0.6
Income taxes (16.9) - (0.3) - (0.3)
Dividends on UGI Utilities Series Preferred Stock - - - - -
Equity in income of subsidiaries - - - - -
---------- ----------- --------- ---------- ------------
Net income 13.2 0.1 0.5 - 0.3
Dividends on preferred stock - - - - -
---------- ----------- --------- ---------- ------------
Net income after dividends on preferred stock $ 13.2 $ 0.1 $ 0.5 $ - $ 0.3
========== =========== ========= ========== ============
</TABLE>
<PAGE> 4
UGI CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF RETAINED EARNINGS (ACCUMULATED DEFICIT)
FOR THE YEAR ENDED SEPTEMBER 30, 1997
(Unaudited)
(Millions of dollars)
<TABLE>
<CAPTION>
Consolidated Eliminations Northfield UGI
UGI and UGI Holding Utilities,
Corp. Adjustments Corp. Company Inc.
------------ ------------ -------- ---------- ----------
<S> <C> <C> <C> <C> <C>
Balance at September 30, 1996 $ (12.8) $ 41.1 $ (12.8) $ - $ 61.1
Net income 52.1 (53.4) 52.1 0.6 38.7
Dividends on Common Stock (47.3) 87.8 (47.3) - (24.1)
Common Stock issued (1.2) - (1.2) - -
Dividends on UGI Utilities Series Preferred Stock - 2.8 - - (2.8)
Other - 1.0 - - (0.9)
------------ ------------ -------- ---------- ----------
Balance at September 30, 1997 $ (9.2) $ 79.3 $ (9.2) $ 0.6 $ 72.0
============ ============ ======== ========== ==========
<CAPTION>
United
UGI Valley Ashtola UGI
AmeriGas, Properties, Insurance Production Enterprises,
Inc. Inc. Company Company Inc.
--------- ----------- --------- ---------- ------------
<S> <C> <C> <C> <C> <C>
Balance at September 30, 1996 $ (95.7) $ - $ 1.5 $ (10.5) $ 2.5
Net income 13.2 0.1 0.5 - 0.3
Dividends on Common Stock (63.6) - (0.1) - -
Common Stock issued - - - - -
Dividends on UGI Utilities Series Preferred Stock - - - - -
Other - - - - (0.1)
--------- ----------- --------- ---------- ------------
Balance at September 30, 1997 $ (146.1) $ 0.1 $ 1.9 $ (10.5) $ 2.7
========= =========== ========= ========== ============
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AND INCOME STATEMENT OF UGI CORPORATION AND
SUBSIDIARIES AS OF AND FOR THE YEAR ENDED SEPTEMBER 30, 1997 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS INCLUDED IN UGI
CORPORATION'S ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED SEPTEMBER 30, 1997.
</LEGEND>
<CIK> 0000884614
<NAME> UGI CORPORATION
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> SEP-30-1997
<CASH> 64,000
<SECURITIES> 65,400
<RECEIVABLES> 129,600
<ALLOWANCES> 11,300
<INVENTORY> 95,600
<CURRENT-ASSETS> 403,900
<PP&E> 1,397,300
<DEPRECIATION> 410,100
<TOTAL-ASSETS> 2,151,700
<CURRENT-LIABILITIES> 404,500
<BONDS> 844,800
32,200
0
<COMMON> 393,700
<OTHER-SE> (17,600)
<TOTAL-LIABILITY-AND-EQUITY> 2,151,700
<SALES> 1,642,000
<TOTAL-REVENUES> 1,642,000
<CGS> 938,800
<TOTAL-COSTS> 938,800
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 83,100
<INCOME-PRETAX> 98,500
<INCOME-TAX> 43,600
<INCOME-CONTINUING> 52,100
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 52,100
<EPS-PRIMARY> 1.57
<EPS-DILUTED> 1.57
</TABLE>
